According to @CryptoMichNL, the Biden office has been extremely negative for crypto adoption, a theme he discussed in a new @new_era_finance podcast and shared via a YouTube episode link, which he positions as important for market participants to track for policy risk, source: @CryptoMichNL on X, Sep 23, 2025, YouTube link in the post. According to @CryptoMichNL, he placed particular emphasis on the Coinbase vs SEC case during the discussion with former Head of Product @sammcingvale, signaling the legal backdrop as a key focus for investors, source: @CryptoMichNL on X, Sep 23, 2025. For context on the litigation he referenced, the SEC filed its complaint against Coinbase in SDNY in June 2023 under case 1:23-cv-04738, which remains a material regulatory overhang that traders monitor, source: U.S. SEC press release dated June 6, 2023 and SDNY docket 1:23-cv-04738.