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I wholeheartedly support this - Politicians have repeatedly interfered with Bitcoin in the last few years. Organizing to make life difficult for them in turn is what a healthy democracy looks like.

W.r.t Gensler only being a problem for "crypto" - Sorry you're completely wrong about this. First of all SEC fought Bitcoin ETF:s every step of the way - Along that time they repeatedly described Bitcoin as a scam only used for criminals. Gensler is not a Bitcoiner, he's a nocoiner. If it was up to him we'd have no ETF:s and no options trading on these ETF:s. They only approved ETF:s because they lost a court case against Grayscale. Could we fight a hostile SEC for everything? Sure, maybe. But I'd rather get the SEC out of the way altogether if I can.

I would also say that regardless of your opinion on "crypto", Bitcoin and crypto are regulated together in practice. And I would much rather have pro-crypto politicians than anti-crypto ones. Molly White has the opposite preference - She's a self described "crypto critic", I.E a rapid nocoiner and statist. She's much more of an enemy of Bitcoin than anybody working at Coinbase is.

Sjors Provoost 1y ago

> They only approved ETF:s because they lost a court case against Grayscale.

So that problem was out of the way long before the election.

> Could we fight a hostile SEC for everything?

What else are you worried about? The SEC blocking a Kraken IPO? Some legal minutia that makes life the for the ETF's 1% more difficult?

If I had a few hundred million to mess with politics, I'd focus it on destroying the FATF and most of AML law. I doubt these PACs give a fuck about that. That's why I don't think they're allies.

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Sjors Provoost 1y ago

> Politicians have repeatedly interfered with Bitcoin in the last few years

True, but as the video points out they didn't go after Warren. This campaign wasn't about dealing with crypto-hostile politicians, it was much sleazier than that.

DireMunchkin 1y ago

Even going forward there were great concerns around de-banking / Operation Chokepoint 2.0 that have now resolved by getting a friendlier regulator in place.

I view the current bull market we're in as mainly the market reacting to getting a friendly administration in place, as opposed to speculating about a strategic reserve or anything.

Now you can buy Bitcoin as I.E a pension fund without worrying if you'll get sued by the SEC and have your bank account closed. This was a justified concern in the last admin.

I have little respect for shitcoiners, but in some circumstances we have common causes with them. Access to the financial system is one such cause.