The New York Times - Tales From Crypto: A Billionaire Meme Feud Threatens Industry Unity

Financial policy director Alexis Goldstein’s testimony before the Joint Economic Committee showcasing concentration within cryptocurrencies was cited.

“More than 95 percent of the coins that are used for governance on those two platforms are owned by just 1 percent of token holders, said Alexis Goldstein, the financial policy director of the progressive think tank Open Markets, in recent testimony to the Joint Economic Committee in Congress. ‘While cryptocurrency industry insiders promote the “democratized” benefits of digital assets,’ Ms. Goldstein testified, ‘in truth, crypto concentrations of money and power match or surpass those in traditional financial markets.’”

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