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The Economist Blasts U.S. Crypto Scene, Calls It Politically Corrupted

  • The Economist criticizes the U.S. crypto scene, claiming it has become politically corrupted.
  • The report suggests that crypto has strayed from its decentralized principles to serve vested interests and political influences, particularly associated with Donald Trump's circle.
  • Top players in the crypto industry are accused of engaging in lobbying and backdoor politics, raising doubts about their commitment to decentralization.
  • The article warns that if the crypto industry continues on this trajectory, it may end up as another opaque, insider-driven sector of finance, contradicting its original mission.

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