If you look at whether it was Gary Gensler or Elizabeth Warren, they hate crypto, they hate bitcoin, and Elizabeth Warren hates bitcoin for the same reason Communist China does. Look, China banned bitcoin because they cannot control it. And Elizabeth Warren and many of the Democrats, they want to control it. If you look at the closing days of the Biden administration, they put in place a decentralized finance rule that would have been utterly devastating to the crypto industry. (03:55–04:00)
CLAIM
Asserts that China banned bitcoin due to a lack of control over it.
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