All of this is nonsense, and comes across as a last gasp for relevance by a dwindling band of Biden apologists. If you doubt it, go ask financial giants like BlackRock and Fidelity, which this year accelerated their embrace of digital assets. Or poll the likes of Stripe, Shopify, or Meta about whether they agree blockchain is just another database. As for the claims of commonsense regulation, the authors fail to mention how federal judges repeatedly decried Biden-era crypto investigations as “arbitrary and capricious.” They also conveniently ignore that Bankman-Fried had deep ties to the Democratic party and committed his crimes on Biden’s watch.
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