Claims

The Biden Administration refused to meet with the speakers and other tech leaders about their concerns regarding crypto and fintech policy, while agencies like the SEC would meet but others like the CFPB would not, making it impossible to understand the rationale for the crackdown.

The SEC opposed the FIT21 bill (market structure legislation for crypto) 'to the death,' but once the bill passed the House with bipartisan support (all but 3 Republicans + 71 Democrats), the White House couldn't veto it, showing the power of bipartisan legislative action.

Examples of politically-motivated debanking and regulation: tobacco vape companies are being debanked (because anti-tobacco) while marijuana vape companies are supported (pro-marijuana), with the regulatory preference depending on current political orientation.