The annual World Economic Forum in Davos once symbolized a certain kind of out-of-touch globalism, mixing politics and high finance. The recent image of Tony Blair and Bill Clinton on stage next to crypto billionaire Sam Bankman-Fried, clad in t-shirt and socks, suggests the torch has been passed.
The sight of these centrist elders, famous for their light-touch approach to financial regulation, alongside the latest generation of fintech guru isn’t a case of “crypto going mainstream.” Rather, it demonstrates the kind of acceptance and respectability that only money can buy — and the risks that go with it.
The spending of tech dollars on European expansion is a case in point. ...
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