When Crypto Arrogance is Criminal Contempt
Bankers are often said to live in isolated splendor. There’s truth to this, but banker insularity is nothing compared to the astonishing effrontery of cryptoasset executives who think their self-assured brilliance puts them above not just the law, but even concern for the public good. Nothing argues more compellingly for immediate, stringent crypto regulation than the outrage with which crypto companies have greeted Treasury’s demands – request failed to work – that they cease facilitating the kind of dark-money transactions that fund Russian war crimes, North Korean nuclear-obliteration threats, and webs of human trafficking, narcotics smuggling, and general evil around the world. These companies clearly cannot govern themselves and they must thus be quickly and sharply made to do so for everyone else.