In case you haven't noticed, crypto has been getting weirdly political. And if you also haven't noticed, crypto has been getting very friendly with Wall Street.

More specifically, some of Wall Street's most powerful billionaires have begun embracing crypto after historically rejecting it, or outright calling it a scam or a fraud. Two weeks ago, BlackRock's Larry Fink was promoting Bitcoin at a conference in Saudi Arabia, where he was flanked by JPMorgan CEO Jamie Dimon, who had flipped his stance to admit crypto, stablecoins, and blockchains were all very real.

"Crypto is real," Dimon said, "blockchains, stablecoins ... smart contracts are real all that stuff is real, it will be used by all of us."

Next to them both, was billionaire hedge fund manager Bill Ackman, who spoke on the same stage about the threat of New York electing Democratic Socialist Zohran Mamdani.

"Having a socialist mayor, I think would be catastrophic for New York," Ackman said. "He's correct ... that affordability is the number one issue for many people in New York City. He's correct on the issue but he's incorrect on the solution."

In case you haven't noticed, crypto has been getting weirdly political. And if you also haven't noticed, crypto has been getting very friendly with Wall Street.

More specifically, some of Wall Street's most powerful billionaires have begun embracing crypto after historically rejecting it, or outright calling it a scam or a fraud. Two weeks ago, BlackRock's Larry Fink was promoting Bitcoin at a conference in Saudi Arabia, where he was flanked by JPMorgan CEO Jamie Dimon, who had flipped his stance to admit crypto, stablecoins, and blockchains were all very real.

"Crypto is real," Dimon said, "blockchains, stablecoins ... smart contracts are real all that stuff is real, it will be used by all of us."

Next to them both, was billionaire hedge fund manager Bill Ackman, who spoke on the same stage about the threat of New York electing Democratic Socialist Zohran Mamdani.

"Having a socialist mayor, I think would be catastrophic for New York," Ackman said. "He's correct ... that affordability is the number one issue for many people in New York City. He's correct on the issue but he's incorrect on the solution."