Messari CEO Criticizes US President's Crypto Stance, Foresees 'Mass Wealth Confiscation' if Biden Gets Reelected
With approximately 187 days remaining until the U.S. presidential election on Tuesday, Nov. 5, 2024, Ryan Selkis, founder and CEO of Messari, a crypto data and analytics platform, has been increasingly outspoken about the event. Prior to establishing Messari, Selkis was involved with Coindesk and its former parent company, Digital Currency Group (DCG). More recently, he has voiced concerns about the Biden administration’s handling of crypto regulation, specifically pointing to Senator Elizabeth Warren‘s influence.
Selkis shared his views on the social media platform X last week, stating, “If you can understand that Elizabeth Warren is the President of the U.S. economy [and] financial services regulators thanks to her early endorsement of Biden in 2020; Then you should understand why crypto’s vocal [and] heavy $$$ support for Trump will swing a 2025 GOP admin libertarian.” The comments from the founder of Messari coincide with a period marked by notable regulatory actions by the U.S. government, targeting the crypto industry and non-custodial software.
In the past year, various U.S. regulatory and law enforcement bodies have increasingly focused on crypto firms and their leaders. Recently, the U.S. Department of Justice’s (DOJ) dealings with the developers of Tornado Cash and Samourai Wallet have sparked significant discontent within the crypto community. These developments have compelled both Wasabi Wallet and Phoenix Wallet to restrict access for U.S. users. On May 2, Selkis shared a screenshot from an X post revealing a major bitcoin company’s plans to exit the U.S.