The Crypto Crash: all Ponzi schemes topple eventually | Robert Reich

We’re back to the wild west finances of the 1920s as the crypto industry pours huge money into political campaignsOne week ago, as cryptocurrency prices plummeted, Celsius Network – an experimental cryptocurrency bank with more than one million customers that has emerged as a leader in the murky world of decentralized finance, or DeFi – announced it was freezing withdrawals “due to extreme market conditions”.Earlier this past week, Bitcoin dropped 15% over 24 hours