Did The Government Start A Global Financial Crisis In An Attempt To Destroy Crypto?

.@DavidSacks discusses @nic__carter's article on Operation Choke Point and if the Biden administration plans to ban crypto:

•SEC lawsuit against Paxos
•SEC target Kraken for staking
•Gensler label crypto securities
•Senate hearing crypto environment
•Bill proposal tax miners
•NYAG declare ETH a security
•SEC block Bitcoin ETF
•SEC Coinbase Wells Notice

"I think it's hard to argue that there isn't a concerted effort now to crackdown on crypto by a wide variety of government agencies and authorities, starting with Gensler at the SEC, who seems incredibly hostile to crypto...

I think the argument @balajis would make is that at the same time, they are going to deflate the dollar; they are going to make it harder for you to find an off-ramp."