Are Democrats mobilizing against Bitcoin (BTC) in the United States? The voters have voted, we will now have to assume the consequences. Bitcoin could soon have the future Secretary of the Treasury as its enemy. The latter could also slow down the launch of a digital dollar.
These bitcoiners who voted for Biden
According to an article in Wall Street Journal published on November 23, 2020, Joe biden could name one Bitcoin bear in place of Secretary of the Treasury.
Janet Yellen had led the US Federal Reserve (FED) during administration Obama from 2014 to 2018.
These 4 years were marked by the beginnings of Bitcoin among the general public and were marked by the rally and ATH of 2017.
During this period, Yellen has always taken a critical stance towards Bitcoin and cryptocurrencies as a whole, going so far as to qualify Bitcoin of “anything but useful” in October 2018.
Two steps back for the digital dollar?
In 2 years, the cryptosphere has evolved a lot. Yellen declared in 2017 that the FED was not planning to issue a digital dollar.
Faced with the advance of China and its crypto-yuan, the FED was now considering launching a digital dollar.
Yellen has been silent on the subject since leaving the FED. If his appointment is approved by the Senate, Yellen would be the first woman to hold the post of Secretary of the Treasury.
Considered a moderate candidate, her latest public statements suggest that she would be ready to raise spending levels, as opposed to Secretary current, Steven Mnuchin.
The latter had been the target of much criticism for the withdrawal of certain emergency spending programs.
Several offices within the treasure are well known for the attention they pay to cryptocurrencies: the Financial Crimes Enforcement Network, theInternal Revenue Service and theOffice of the Comptroller of the Currency.
Bitcoin haters are most likely happy to wag the knife in the wound, citing the fall as proof that Bitcoin is neither useful nor reliable. Has Janet Yellen’s position changed over the past 2 years? Donald Trump will soon be leaving the White House. But should we applaud and rejoice? Regrets only come later.
Litecoin, welcome in the Silver Age