/biz/ - Business & Finance

Pocahontas, that's why.

why does this dumb cunt want to tax my unrealized gains?

This is a response by the Biden admin after Elizabeth Warren wrote that unhinged letter a couple weeks ago asking them to literally crack down on crypto as a response to the Israel war, and she's using that as an excuse to "cut off muh terrorists' financing!" She's always had a hate boner for crypto and now she found her golden scapegoat opportunity to do so.

Pocahontas is also the reason for Gensler's 180 turn against crypto after he praised crypto during his MIT days. There's WAY more corruption and grift in DC than first appearances, and the Gensler-Warren connection is just one example of the bribery *cough* "lobbying" that happens in that wretched hive of scum & villainy known as Washington DC.

As far as what the Biden admin wants to crack down on, this is likely Gensler/Warren asking to block off access to CEXes and Yellen wanting to impose her dream 80% tax on crypto capital gains.

If Biden wins in '24 and manages to win the House and Senate with it, just say goodbye to crypto for good. They'll rip us apart like vultures even after we've fallen to them.

We're trying to protect you, the consumer!