# The Crypto Squeeze

**Published by:** [jer979](https://paragraph.com/@jer979-2/)
**Published on:** 2023-03-06
**URL:** https://paragraph.com/@jer979-2/the-crypto-squeeze

## Content

Right now, crypto is in a tough spot. On the one hand, there is a horrific user-experience, millions of dollars worth of hacks, scalability issues, and confusing security models. On the other hand, the SEC and the anti-crypto forces in government and finance are on the offensive and feeling empowered, as Former Chief, SEC Office of Enforcement, John Reed Stark tweeted: https://twitter.com/JohnReedStark/status/1631828255933169666 We’re solidly in Phase 2 of Schopenhauer’s 3 Phases. Gradually, then suddenly.

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