Messari’s Ryan Selkis: “Crypto Won’t Die Under Federal Pressure”

• Ryan Selkis recently highlighted the crackdown on crypto by federal agencies in the U.S.
• Selkis believes that the crypto industry will not succumb under Federal pressure.
• The four big banks in the U.S. have reportedly received a $210 billion bailout from the Federal Reserve.

Ryan Selkis, the founder of crypto data aggregator site Messari, recently took to Twitter to comment on the current environment in the crypto industry. Selkis highlighted the intensified crackdown by federal agencies in the United States against entities affiliated with crypto.

The Feds have now taken out crypto’s three largest banking partners, served a Wells Notice to one of its top stablecoin issuers, attempted to squash thousands of tokens, de facto ban crypto VC through an egregious custody rule, and hunt down its top global exchange.

Up 10%. pic.twitter.com/kwj8l9vDHW

— Ryan Selkis (@twobitidiot) March 13, 2023

“The Feds have now taken out crypto’s three largest banking partners, served a Wells Notice to one of its top stablecoin issuers, attempted to squash thousands of tokens, de facto ban crypto VC through an egregious custody rule, and hunt down its top global exchange…

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