Is this really an Economics thread? More like Politics...
This is not a huge win, since McCarthy wasn't against bitcoin. Here's one of the things he had to say about it:
"Senate Democrats are now targeting people who have bought cryptocurrency. They think the tax code should treat the crypto ecosystem the same as it had been treating stockbrokers since 1954. That's not what I'd call 'progressive."
Of course his successor is pro bitcoin and anti SEC, but it's not like we've managed to get rid of Elizabeth Warren, or kick Gensler out of the SEC
This is not a huge win, since McCarthy wasn't against bitcoin. Here's one of the things he had to say about it:
"Senate Democrats are now targeting people who have bought cryptocurrency. They think the tax code should treat the crypto ecosystem the same as it had been treating stockbrokers since 1954. That's not what I'd call 'progressive."
Of course his successor is pro bitcoin and anti SEC, but it's not like we've managed to get rid of Elizabeth Warren, or kick Gensler out of the SEC