Big money, they kind that's to big to fail in other words, has bought into crypto. It's being co-opted. It still has advantages, in that it is "free speech money", for now at least.
BTW, the big exchanges have been co-opted for years, by handing over your data to the IRS.
Interesting shift in the anti-crypto arguments. It's like they forgot they said it was all a ponzi scheme for suckers and worthless and you should buy muh gold and AR-15s. Funny, because anybody with any sense diversifies and has gold/silver/guns/food AND crypto.
And no, I'm not referring to any one person in particular.
Nice.