{"id":74262,"date":"2026-02-28T21:47:16","date_gmt":"2026-02-28T21:47:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=74262"},"modified":"2026-02-28T21:47:16","modified_gmt":"2026-02-28T21:47:16","slug":"almost-zero-legal-use-cases-former-biden-advisor-calls-crypto-pretty-good-for-scammers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=74262","title":{"rendered":"&#8216;Almost Zero Legal Use Cases&#8217;\u2014Former Biden Advisor Calls Crypto &#8216;Pretty Good For Scammers&#8217;"},"content":{"rendered":"<div>\n<p>Former Biden Council of Economic Advisors Chair <strong>Jared Bernstein<\/strong> called crypto an asset with \u201calmost zero legal use cases\u201d that\u2019s \u201cpretty good for scammers,\u201d arguing even <strong>Donald Trump\u2019s<\/strong> pro-crypto stance can\u2019t stop <strong>Bitcoin\u2019s<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) 40% decline.<\/p>\n<h3 class=\"wp-block-heading\">The \u2018Almost Zero Legal Use Cases\u2019 Argument<\/h3>\n<p>Bernstein <a href=\"https:\/\/www.cnbc.com\/video\/2026\/02\/26\/why-former-cea-jared-berstein-and-ryan-cummings-thinks-crypto-is-pointless.html\">argued<\/a> the \u201cearly stage excuse is probably past its sell-by date\u201d for crypto\u2019s volatility.\u00a0<\/p>\n<p>He claimed the asset hid behind complaints about regulatory regimes that diminished its value until the Trump administration embraced the industry.<\/p>\n<p>\u201cThe crypto bros pretty much purchased the best Congress and president they could ask for,\u201d Bernstein said. \u201cThe sheen really came off the rose, and its value proposition went pretty negative pretty quickly.\u201d<\/p>\n<p>He emphasized the regulatory shift didn\u2019t help prices. Once Trump took office and completely embraced the industry, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50940539\/almost-zero-legal-use-cases-former-biden-advisor-calls-crypto-pretty-good-for-scammers?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"'Almost\" zero legal use cases biden advisor calls crypto good for scammers>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Biden Council of Economic Advisors Chair Jared Bernstein called crypto an asset with \u201calmost zero legal use cases\u201d that\u2019s \u201cpretty good for scammers,\u201d arguing even Donald Trump\u2019s pro-crypto stance can\u2019t stop Bitcoin\u2019s (CRYPTO: BTC) 40% decline. The \u2018Almost Zero Legal Use Cases\u2019 Argument Bernstein argued the \u201cearly stage excuse is probably past its sell-by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-74262","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/74262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74262"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/74262\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}