Jackson Palmer, the founder of the cryptocurrency Dogecoin, has discussed what he calls the “re-centralization” of the cryptocurrency markets, and notably criticized the direction the industry is heading.
Growing Shift Away from Decentralization in Cryptocurrency Industry
In a recent opinion piece published in Diar, Palmer begins his Op-Ed, titled “The Institutionalization of Cryptocurrency is a Paradox,” with a detailed description of the current events that are considered valuable by the cryptocurrency community. This includes the release of the Bakkt custodial trading infrastructure and the approval of Bitcoin ETFs.
He explains that these events,

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