> The worries, described by nine Wall Street executives briefed on their organizations’ crypto initiatives but not authorized to speak publicly for their employers, center on the creation of a new interbank checking account and payments system built on crypto and blockchain technology. That system would come with few consumer protections and nascent regulatory oversight.

The last sentence is consistent with the administration and its soon-to-be successors, Vance, Musk and Thiel. "And Rand"

At the start of the internet age, say 30-50 years ago, there was lotsa optimism about internet and web tools being mechanisms for democracy, leading to decentralization of power. Today the internet is dominated by big tech companies, who jealously guard their power and vacuum up our personal data. The early vision of the internet feels pretty naive.

Seems like a similar pattern is occurring with crypto.