White House Is Mulling a Ban on Bitcoin Mining
It will not happen. The Bitcoin lobby is already to strong in the US.Crypto firms are among the top Democrat donors. Crypto CEO SBF plans on donating $100mil - $1bil in the 2024 election, and calls political donation the highest form of return of investment that exists:> He was also one of just a handful of donors who spent $10 million-plus backing President Joe Biden in 2020, and in the last year, he’s hired a network of political operatives and spent tens of millions more shaping Democratic House primaries. It was a shocking wave of spending that looked like it could remake the Democratic Party bench in Washington, candidate by candidate. Looking ahead to the 2024 election, he has said he could spend anywhere from $100 million to $1 billion.https://www.politico.com/news/2022/08/04/democratic-megadono...