Crypto is a partisan issue because I can talk to some random liberal businessman in a coffee shop who tells me they heard that "Bitcoin wastes energy" when they don't have the slightest clue as to what that energy is worth or being used for. Imagine someone saying something wastes all the energy it consumes when they don't even know what the thing does. These are the stories that the media trickles out to the public.

The propaganda used to be more effective on the right wing when drug dealers and pedophiles were the ones using Bitcoin. It's shifted in a big way since the early days.

The empty words of the Biden administration are less than worthless. They are liars. They've been actively engaged in a backhanded and unlawful crusade against crypto for a while now. Operation Choke Point 2.0 is not a made up fabrication. It's real and fully unconstitutional. Gary Gensler is an unelected bureaucrat that does the administration's bidding. He's been instructed to obstruct crypto at every turn illegally at the cost of making the SEC look either completely incompetent or corrupt. The judge's rulings against them have been absolutely shocking and embarrassing for this administration.

These people have made it abundantly clear that they don't give a shit about investors or even the citizens that elect them. The number of examples to this effect are staggering on both the left and the right. "Regulation" is a farce. They want power, control, and the money associated with it. They've meticulously calculated everything up to this point to pave the way for a Wall Street takeover of Bitcoin and Ethereum, and it's working out pretty well for them so far.