> The crypto movement, the very rebellion that set out to defeat [WallSt/TheFed] hegemony, has provided them with the necessary new-age tech to enhance their existing order.
Like what tech do banks or the government need from the crypto crowd? Trading has been electronic for decades, the credit card networks are orders of magnitude more scalable than any blockchain, ACH exists.
While a bit hyperbolic, Satoshi did talk about the fragility of the financial system as the core driver behind inventing Bitcoin. It's even enshrined in the genesis block [1][2][3].
1. https://en.bitcoin.it/wiki/Genesis_block 2. https://bitcointalk.org/index.php?topic=52706 3. https://www.blockchain.com/btc/block/000000000019d6689c085ae...
Paypal, Coinbase, Crypto.com, Robinhood are all supporting that by hyping this “innovative investment” in their ads and providing easy way in.
EDIT: I remember some banking 'crypto' projects announced by several institutions across the globe. Whether they are real projects or just a way to try to attract investments by pitching the latest fad, I do not know.