For too long, the crypto industry has been under attack from Elizabeth Warren, Gary Gensler and others. Despite a huge bipartisan Congressional effort to develop clear rules [of regulation], the White House under Biden has stood by and allowed a campaign of unchecked regulation through coercion. This approach reduces U.S. competitiveness as other major economies around the world put forward clear rules to regulate digital assets.
Powell ended his post with the hashtag #freeross, a reference to Trump's promise to release Ross Ulbricht, founder of the Silk Road darknet market.
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