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Perhaps most importantly, however, the regulatory environment under the Biden-Harris Administration, pushed from the Senate by Elizabeth Warren, became explicitly hostile to the industry. Various White House agencies have created reports about various “risks” crypto-assets pose, justifying broad moves to cut off access to the banking system, what many have described as “Operation Chokepoint 2.0”, a call back to Obama-era policies that targeted online gambling sites. Biden has also proposed excise taxes for crypto assets and mining. THEY are coming for us! Look out, and keep your head on a swivel.