For some members of the administration of US President Joe Biden, cryptocurrency may be a curse, but this has not stopped a staff member from owning a small amount of Bitcoin (Bitcoin).
According to a report by Politico on Monday, Tim Wu, Special Assistant to the Chairman of the National Economic Council for Technology and Competition Policy, have More than $1 million in Bitcoin.
After recent personal financial disclosures also revealed his ownership of Filecoin (FIL), Wu’s BTC ownership was exposed. According to reports, Wu owns Bitcoins worth 1 million to 5 million U.S. dollars and FIL worth 100,001 to 250,000 U.S. dollars.
It is said that the Bitcoin pot of this White House adviser constitutes a major part of Wu’s financial investment portfolio and is estimated to be worth between US$4 million and US$11.5 million. Based on his estimated bitcoin ownership, Wu may hold 29 to 146 bitcoins.
Well-known legal scholar and Columbia University law professor Wu had previously opposed Bitcoin’s value proposition. Back in December 2018, when the major cryptocurrency rose to an all-time high of close to $20,000, Wu joined the ranks of critics, calling BTC a bubble.
This legal scholar is also a well-known critic of large technology companies and was responsible for coining the term “net neutrality” in 2003. According to Politico, an anonymous source in the White House stated that Wu has avoided policy matters related to Bitcoin and Bitcoin. Cryptocurrency.
As early as August 2017, Wu Weighing in Bitcoin hard fork legend This led to the emergence of Bitcoin Cash (Bitcoin cash).At that time, Wu criticized Coinbase’s initial decision not to support the fork and temporarily Prevent its users from accessing BCH.
Under the leadership of the Biden administration, Bitcoin and cryptocurrencies are generally subject to increasingly strict scrutiny, and the new anti-Bitcoin narrative seems Turn to ransomware attacksThe Chairman of the US Securities and Exchange Commission Gary Gensler and the Secretary of the Treasury Janet Yellen both implied Stricter cryptocurrency regulations.