Over the past two years, the crypto policies I've seen are truly concerning. Economists in the Biden administration claim their strict regulations were correct, but in reality, the opposite has happened. Fraudulent projects like FTX exploded during their tenure, while legitimate businesses have left the market. How did this happen? The answer is simple — those who didn’t know the rules of the game or refused to follow clear regulations were the ones who survived.

Let's talk about Operation Chokepoint 2.0. Banks were pressured to cut off legitimate crypto companies from banking — without any formal laws or opportunities. This also harmed ordinary people who were excluded from the traditional banking system. This approach didn’t just hurt the crypto industry; it also stifled American innovation.

Now they say Bitcoin’s price has fallen, so it’s a failed technology. This argument is very weak. During the dot-com era, Amazon’s stock fell 94 percent — does that mean Amazon failed? New technologies naturally experience volatility in the market. This is not proof of failure, but a sign of growth.

If the Bitcoin network is slow, it’s because of its security. No one can cancel transactions, no authority can confiscate funds. That’s why people in authoritarian countries use it. Other blockchains offer faster transactions. Using stablecoins, international remittances are completed in minutes at just a few percent cost — whereas traditional methods cost 6.5 percent. This provides real financial aid to millions of immigrant families. But policymakers have ignored all this.

Fidelity, JPMorgan, BlackRock, Visa, Mastercard, Meta, Stripe — everyone is working on blockchain infrastructure. They still claim that no major tech company is using it. That’s completely false. If Biden-era policymakers had listened to the industry, there wouldn’t have been such a disaster. Instead, they could have created clear, fair rules that protect consumers and encourage innovation on American soil. But that didn’t happen.