"It's government intervention. It's the heavy hand," said Wolfers, a professor of economics and public policy at the University of Michigan. "Sometimes it's the greedy hand as well, because some of these moves, particularly when it comes to crypto and the like, are actually very closely related to the president's personal interests. This might be the most important: crony capitalism. So it's not just that the government's intervening. This is where policy helps the president's cronies. And so if you want something good, if you want regulatory relief, you have to turn up to the White House and you have to praise the president."
