The news recently from the land of the absurd (in my opinion) was that two Democrat's who happen to be Senator's are putting pressure on the SEC's Gensler to stop approving Crypto ETF's. Here is one article discussing this: https://finance.yahoo.com/news/democrats-ask-secs-gensler-block-081657298.html
Now, I wonder what would be the point of pressuring the SEC's Gensler to stop approving Crypt ETF's. Look, I have written about wanting the public to be protected from what I call "the fraudsters and criminals." Now, would stopping the approval of ETF's be stopping criminal behavior?
NO. It would not be. What I think it is, is that certain people in power are trying to keep Bitcoin at the top. The funny thing is, Bitcoin does not need any help. It is as good as it get's in terms of publicity and value. It has general public credibility.
Am am disappointed in the Democrats for a number of reasons. I like the idea of caring for people, but I like more the idea of good policy that actually cares for people more than just the idea of it. For those democrats reading this, the republican's also have problems. This is not meant to be a political piece, just my thoughts on the absurdity of those two democrats.
I think the crypto train is on the track, and there is no stopping it. Maybe sensible regulation is the way to go.