Down and Out on the Crypto Frontier
This article appears in the October 2025 issue of The American Prospect magazine. Subscribe here.
Illustrations by Joseph Goegh
JACKSON HOLE, WYOMING – The shuttle bus rolls beneath the Teton Range. The afternoon is warm and bright. The scene is dreamlike, with aspen trees and tall grasses and round hay bales stacked in neat rows. A black horse and foal are in the center of a field and raise their heads in unison to watch the group drive past. Elk leap over a fence to walk among grazing cattle, then leap out again, free.
The scene makes me catch my breath. I turn to the other passengers, ready to say, “Did you see that?” But my seatmates in the black Mercedes van are all glued to their phones. They work in crypto,…
