When you say that the executive branch might be trying to deflect blame, are you suggesting criticism directly towards Biden or more towards Gensler because he is a Biden appointee?The administration is one person. It is and it all flows up. There's a reason that Truman used to have something on his desk that says the buck stops here. So if Gensler is getting criticism, then Biden is getting criticism. You don't need to split hairs between those two things.
Responding to popular pressure, I worry more about lawmakers doing that. I think you've seen that already. You've seen some lawmakers who probably don't know that much about crypto come and say, oh, I think we should ban it even though they don't know jack about it. But they're hearing complaints from their constituents back home, and they just decided to satisfy those folks.
Getting ready to put the US last in innovation.
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