As the US Loses Crypto, the Crypto Market Wins

We may remember 2023 as the year the US lost crypto. The government shut down crypto-friendly banks, seized a crypto-compatible payment network, sued a bunch of crypto businesses, neutered the largest crypto exchange, and forced crypto entrepreneurs to flee for other countries. Some think they can make up for it by approving a spot Bitcoin ETF. That ETF doesn’t do anything for crypto. It’s simply a way for Wall Street to make money off of people who want to gamble on bitcoin without taking possession of it (they buy and sell the fund, not bitcoin). Money for everybody else Money’s…...