Tim Wu, an antitrust expert with the Biden administration has been precluded from advising the government on matters hinging on Bitcoin and cryptocurrencies.
His holdings are a departure from his previous stance regarding Bitcoin where he referred to the asset class as being a “shared hallucination” and a “bubble.” However, he reserved a measure of praise for the ingenuity of the asset class.
He joined the administration in March as a special adviser at the National Economic Council and had previously occupied a role at the Federal Trade Commission with Obama’s administration.
“Imagine if we applied such a standard consistently.