How Crypto Bought Washington
The last few years have been disastrous for the cryptocurrency industry—at least in terms of public reputation. A little over 15 years after bitcoin’s emergence promised to transform the global economy around the values of greater privacy and financial freedom, a series of high-profile scandals have seen trust in cryptocurrency plummet to staggering lows.
The decentralized currency has been characterized by sharp, sudden rises and falls in value—as seen in the profitable “bull run” of 2017 and the “crypto winter” that followed in early 2018—leaving many traders facing staggering losses. More recently, a series of high-profile court cases against industry leaders who cheated traders out of millions and billions of…
