More then ever, I believe the White House is opposing #bitcoin at all costs (literally) because insiders believe foreign governments can move around sanctions and off the USD a bit easier through bitcoin (but not really). They are opposed from a national security, global power dominance perspective. We can argue the merits, but I think that’s their #1 reason.
They throw the false and misleading “bitcoin is bad for the environment” as the cherry on top.
Anyway, I’m super excited for the global south and our non-western brothers and sisters who are getting and adopting bitcoin, opting out, and these nations who have been under the heel of western imperialism for too long and paving their own way. It’s beautiful ✌🏻