4 Jul 2026 · 11:30 UTC

Crypto wanted to replace Wall Street – Instead, Wall Street took over crypto

Crypto was founded on a simple premise: people should be able to send, hold, and manage money without going through a bank. Fifteen years later, some of the industry's most significant developments involve banks doing that, on blockchains, for their own institutional clients. JPMorgan now settles payments in its own deposit token on a public …