Crypto Escaped Regulatory Assault, Not Favoritism

The New York Times claims Trump aided crypto firms. Industry voices expose years of bipartisan rejection of Biden-era policies that courts repeatedly struck down.

The New York Times dropped a bombshell investigation. The SEC pulled back 60% of crypto cases under Trump. Eight involved firms with Trump ties. The narrative suggests that favoritism drove the shift.

Crypto insiders erupted immediately. According to @intangiblecoins on X, the framing relies on false premises. The prior administration’s attack wasn’t normal. It was widely condemned.

Source – X

The Times documented SEC retreats on major cases. Gemini, Binance, and Ripple saw enforcement ease. The report connected dots between Trump family ventures and dropped prosecutions. The implication seemed clear.

But context matters critically here. Biden’s approach faced fierce bipartisan opposition. Federal courts ruled against SEC overreach repeatedly. Congress voted to overturn policies. Biden vetoed the resolution anyway.

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The Warren Machine Behind Policy

@intangiblecoins detailed the real story on X. Elizabeth Warren shaped Biden’s regulatory appointments. The 2020 campaign deal received wide coverage. Warren-aligned officials filled crucial positions.

These appointees cycled between agencies and advocacy groups. Better Markets and the Consumer Federation of America employed former staffers. Banking regulators targeted legal crypto businesses systematically.

The Senate voted overwhelmingly against SAB 121. Twenty-one Democrats broke with Biden. Mainstream party members never embraced Warren’s crusade. The isolation proved telling.

Paul Grewal leads Coinbase’s legal team. @iampaulgrewal shared findings on X from their FDIC investigation. Documents revealed coordinated debanking efforts. Over twenty examples surfaced.

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Courts Rejected Regulation By Enforcement

Federal judges sided with crypto repeatedly. The Grayscale decision embarrassed regulators. Courts found SEC interpretations lacked legal foundation. Eighteen states sued over administrative overreach.

@iampaulgrewal addressed the Times report directly on X. He appreciated one reporter’s candor. The online version included critical admissions. No evidence showed White House pressure on firms.

Source – X

Companies didn’t influence cases through donations. Trump family ties proved irrelevant. The headline twisted facts anyway.

The Times ignored four years of documented attacks. Warren’s partisans drove the assault. Presidential interest didn’t cause the reversal. Prior regulatory posture was legally indefensible.

Why The Narrative Shift Now

The Times investigation emerged as crypto gained legitimacy. Trump launched memecoin ventures. His family invested in mining operations. The Winklevoss twins backed American Bitcoin.

These connections provided narrative ammunition. But timing matters here. The SEC lost in court before Trump returned. Congress rejected Warren’s agenda during Biden’s term.

@intangiblecoins noted how reporting exploits reader ignorance. Gell-Mann Amnesia enables distorted framing. People trust institutional media instinctively. Context disappears from coverage.

The pullback reflected legal and constitutional limits. Courts enforce those boundaries. Regulators can’t ignore adverse rulings. Congress demonstrated bipartisan opposition clearly.

Marc Andreessen disclosed widespread debanking. Thirty tech founders lost accounts. Crypto executives faced similar treatment. Banking access vanished without explanation.

Operation Chokepoint 2.0 coordinated these efforts. FDIC letters pressured financial institutions. Banks received orders to pause crypto services. The campaign targeted legal businesses.

Warren’s appointees executed this strategy. They cycled between government and advocacy. The revolving door spun predictably. Entrenched officials resisted change.

The Times’ narrative ignores these realities. It frames correction as corruption. Legal developments become suspiciously timed. Bipartisan rejection transforms into partisan favoritism.

@intangiblecoins called it crypto dementia. The industry remembers what happened. Courts documented regulatory overreach. Congress voted against it. Those facts remain unchanged.

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