The biggest problem with the exposure of Biden-era crypto policies. Recently, two former economic advisors claimed on a PC that their method was correct whenever Bitcoin's price fell. But what was missed here - they actually didn't establish any clear rules. They only implemented aggressive controls.

What was the result? Platforms like FTX grew huge during this period. And Sam Bankman-Fried was a major donor to the Democrats, regularly meeting with high-ranking officials — even the chairman of the Securities and Exchange Commission. And we know what happened next — the biggest financial fraud in history.

Another problem is that the legitimate companies that actually wanted to follow the rules have left the market. Why? Because the policies were unclear, so those who know how to play the game stay.

Have you heard of Operation Choke Point 2.0? Banks systematically excluded legitimate crypto businesses from the banking system — without any formal rule-making. Even ordinary people and small businesses, who were cut out of traditional banking, were affected.

Now, looking at the practical side of crypto — it’s a game changer in the remittance sector. The average fee for international money transfers is 6.5%. But using stablecoins, transactions are completed in minutes at fractional costs. This is real financial relief for millions of migrant workers and their families. But Biden’s advisors didn’t talk to these users.

Who is working on blockchain infrastructure? Fidelity, J.P. Morgan, BlackRock, Morgan Stanley, Visa, Mastercard, Meta, Stripe — all major tech and finance companies. But the advisors claim no big tech companies are interested. That’s completely false.

Why such focus on Bitcoin’s price drop? During the dot-com boom, Amazon’s shares fell by 94%. But no one called it a failure. Volatility is a sign of an innovative market, not a failure.

Bitcoin network is called slow, but this slowness actually comes from security. No external party can cancel transactions or confiscate funds. That’s why it’s used in places where governments target ordinary people.

Final word — the Biden administration had the opportunity to create clear rules that would provide both consumer protection and innovation. But instead, they used the banking system as a weapon. The result — loose for everyone.