Last week, crypto was in the news yet again. Donald Trump declared himself an unabashed supporter while unveiling a new line of mugshot NFTs at Mar-a-Lago. On the same day, the Biden Administration announced it would veto efforts to undo a widely-disliked SEC accounting bulletin that prevents the custody of crypto by many firms.
The stories underscored how crypto has become yet another battleground for this year’s presidential election. But for many Democrats, the Biden Administration’s hardline felt as tragicomic as watching Sideshow Bob step on dozens of rakes, again and again.
