Concerns are escalating among Bitcoin advocates and political figures regarding the Biden administration's approach to cryptocurrency regulation, specifically targeting the Bitcoin network and decentralized finance. Senator Lummis criticized the Department of Justice's stance on self-custody of digital assets, arguing it contradicts existing Treasury guidelines and violates the rule of law. This sentiment was echoed by other voices in the crypto community, including a warning from @intangiblecoins about the global implications of U.S. policy missteps and the need to maintain financial privacy and freedom. Additionally, the Messari CEO expressed fears of 'mass wealth confiscation' should President Biden be reelected, highlighting the broader apprehensions about totalitarian governmental control over personal financial assets.