I’ve said this from day one: the White House does not care about crypto. The fake “Bitcoin strategic reserve” stunt was pure theater. Top insiders like Lutnick, Sacks, Trump’s children, were clearly heavily invested, needed a pump, and got exactly that. Nothing more. Now notice the sudden 180 on crypto over the last couple of months, right as those same insiders likely exited near the top. The timing is not subtle. A top White House crypto advisor is now attacking Coinbase for backing away from the market structure bill, openly threatening that delays will invite much harsher regulation later. What they are not saying out loud is that the CLARITY Act does not meaningfully help users or decentralization. It actually only benefits Wall Street banks by forcing crypto firms into bank-style compliance regimes, centralizing custody and settlement under regulated intermediaries, and driving compliance costs so high that smaller players get wiped out. This will easily wiped out 99% of crypto firms, to allow banks to dominate the space. There was always a hidden motive, and it was obvious. The community chose greed over skepticism and willfully looked the other way. The result is predictable: they didn’t just get misled, they got played, cleanly and deliberately.(Jacob King)