"Crypto was down and out after Sam and all those guys got arrested. A lot of investors lost a lot of money, and there was so much negative publicity. It wasn't going away. It was hanging around, but it was down."
"After President Trump was elected in 2024, he made billions off a few crypto offerings, the price of bitcoin soared, and the big companies gained a piece of friendly regulation on stablecoins."
"So far, they've not only gotten away with it, but they've made a ton of money. The industry is as robust as ever - as it has, ironically, grown closer to the traditional finance system it vowed to bulwark against."
Ben McKenzie, known for his role in The O.C., has created a documentary titled Everyone Is Lying to You for Money, focusing on the crypto industry's tumultuous journey. The film examines the rise and fall of crypto, particularly during the 2022 bitcoin crash. McKenzie believes that crypto primarily serves as a speculative asset linked to financial misconduct. Despite negative publicity and significant losses for investors, the industry has rebounded, especially after President Trump's pro-crypto stance, which has led to increased profits and regulatory support.
Read at Intelligencer
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