Crypto can’t get banked because of a ‘deep state’ conspiracy? Time for a reality check – DL News
This holiday season, spare some pity for crypto.
To listen to many industry leaders, they are victims, a persecuted class of well-meaning innovators who are being iced out of the US banking system because they pose a disruptive threat to the status quo.
Taking on the man, of course, has animated crypto since the early days when the industry vibed like a rebel alliance challenging the empire.
These days, though, with the crypto market worth $3.6 trillion and Bitcoin embraced by Wall Street, and, as it happens, the incoming US president, the industry’s persecution complex feels rather shrill. It’s like listening to Hollywood superstars complain about fame.
Last week, crypto’s victimhood reached a fever pitch yet again after Marc…
