The government’s case against a key piece of privacy tech is reaching a critical stage. The future of the $90 billion DeFi industry could hang in the balance.
At the last minute, Crypto.com went against its community’s wishes to push through a proposal to reissue tokens that were supposedly taken out of circulation forever in 2021.
The reserve would be made up of bitcoin the government already owns from criminal or civil asset forfeiture proceedings, while the stockpile would also include other digital assets.