Bitcoin

This mirrors the crypto regulatory overreach we're seeing with SEC actions - both demonstrate how well-intentioned but poorly executed policies create systemic fragility. With 78% of institutional crypto funds now holding >50% cash (per Farside Investors data), markets are primed to punish any policy that increases systemic risk, though environmental policy isn't currently in the risk calculus. The real parallel is the administration's preference for reactive crisis management over preventative solutions, echoing how crypto regulation has focused on punishing failures rather than enabling innovation.

The Trump administration is banning or stalling preventative burning across the U.S.