Daniel Batten
Daniel Batten|May 13, 2025 23:40
No @EENewsUpdates, the Biden administration were not "understandably hesitant" about Bitcoin. They allowed the debanking of legitimate, publicly traded Bitcoin mining companies They illegally demanded confidential data, with a 10K penalty per day for non-compliance They gaslit Bitcoin for four years straight using a range of different attack vectors, none of which were anchored in data, or science They proposed a 30% tax based a spurious and now debunked environmental impact report They created an environment where Mining companies main conversations were with regulators, and they faced existential threat on an almost daily basis. The Trump administration didn't have do to much to create a more condusive environment for Bitcoin and Bitcoin mining, they just needed to stop vilifying it. If you want to know why they have gone further than this, it is because the extreme attack for 4 years straight helped mobilize and unite Bitcoin voters into a powerful voting force, that is now here for good. There are 50 Million of them. Their values are evently distributed across the political spectrum with a slight bias to "extreme liberal" (source: the Nakamoto Project). Many of them have become single issue voters. And they voted against the Democrats by a 24% margin in the last election as a result of four years of attack, which single handedly cost the Democratic party the presidency.
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