Biden,, speaking on the debt ceiling chaos, says he is not going to agree to a deal that "protects wealthy tax sheets and crypto traders". How and why did crypto become a debt ceiling issue? It in no way adds up

I find this crazy. Of all the things that could have been an issue on the debt ceiling, crypto should have really been one of the last. There are many many more important issues on the topic of the debt ceiling. Education, healthcare and insurance, environmental issues and tax credits, electrification of vehicles and the grid, renewables, issues with China, BRICS, inflation, the recession, Ukraine etc etc etc. Granted, he did speak on some of these other issues, but to single out crypto and make that an issue is insane. It's especially insane because they are risking the default of debt owned by the United States, and in so doing risking an extreme crash of the entire world economy as the USD is the reserve and the face many companies and countries hold US debt.

While crypto may be the future, whether you believe that or not is independent of the fact that to risk all that chaos over crypto is...just insane. Crypto is still pretty niche and no where close to full adoption in the US. Further, if crypto is such an issue, why not actually provide clear and proper regulation for it like Europe has done. Heck, even Canada across the border has revamped their digital assets policies. Meanwhile the US is...probably taking donations from backers or something I imagine. In 2021, the IRS chief said tax evasion cost the government 1 Trillion. The entire market cap of crypto is barely over 1 Trillion. In April, US crypto trading volume on exchanges in April was $621,853,315 per Kaiko. Given Cefi generally accounts for 75-85% of total volume, this number is a decent estimate for the total volume that's probably close to $700M. I don't even understand how these statements are supposed to make sense. Someone please tell me AmITheIdiot for having this opinion?