The judicial system, seemingly the last bastion against tyranny in the U.S., has shown over and over again that the SEC has failed to act within its mandate. C̶h̶a̶i̶r̶m̶a̶n̶ Goldman Gary's politically motivated overreach and capriciousness has utterly stifled innovation, nearly offshoring an entire industry.

- The appointment of Gensler

- Operation Chokepoint 2.0

- The proposed Digital Asset Mining Energy excise tax (up to 30%)

- The paternalistic 2023 Economic Report of the President, which says digital assets such as Bitcoin do not offer widespread economic benefit and instead advocates for FedNow and a potential U.S. CBDC

- The Department of Treasury reporting requirements that would forcefully centralize decentralized P2P protocols (i.e., demands that are impossible to comply with)

All of these draconian actions betray the Biden Administration and its "progressive" allies' regressive and reactionary attitudes toward one of the most important inventions in human history.