According to the author, the crypto industry is losing its foundational cypherpunk values, with Coinbase (COIN) sponsoring political events and Ripple engaging in lobbying, which could increase regulatory scrutiny and negatively affect trading sentiment for cryptocurrencies like Bitcoin (BTC).

According to the author, the increasing corporate and political involvement in cryptocurrency, such as Coinbase sponsoring military events and Ripple's aggressive lobbying, dilutes core cypherpunk values and could heighten regulatory risks, potentially increasing market volatility for BTC and ETH. The author cites events like FTX's corruption scandal as reminders of how such co-option undermines trust and may impact investor confidence.