Regulation by hostility: the real legacy of Biden-era crypto policy

Regulation by hostility: the real legacy of Biden-era crypto policy.

• Former Biden economic advisers Ryan Cummings and Jared Bernstein would have you believe the decline in bitcoin’s price from its 2025 peak somehow vindicates their administration’s approach to cryptocurrency
• A masterclass in selective memory, their February 26New York Timesopinion pieceomits the most consequential fact about Biden-era crypto policy: it was not a reasoned regulatory framework
• The authors credit the Biden administration with “increasingly aggressive regulatory efforts to curb scams and fraud