The government has also had to impose short term shutdowns of authorized Bitcoin farms to prevent further strain on their power grid. This follows a major move in January 2020, where the Iranian government began issuing cryptocurrency mining licenses to operators.
In Iran you don't get a hold of 45k asics without going through the gov. The miner must of fallen out of favor by not paying his bribes and
Money is simply a tool that humans use to move value across space and time. Fiat currencies were clearly designed to be spent. Wanting to save the fruits of your labor with a fiat currency is totally foolish.
Gary Gensler, who led the Commodity Futures Trading Commission during the Obama administration from 2009 to 2014, will be President-elect Joseph R. Biden's nominee to lead the Securities and Exchange Commission.
Rohit Chopra, the former assistant director of the Consumer Financial Protection Bureau, has been chosen to run that agency.
It is rather good news to have someone in this position who understands Bitcoin and how important it will be to the world of the future.