“Crypto is dead in America”.

That’s according to billionaire tech investor Chamath Palihapitiya, speaking on a recent episode of the All-In podcast.

“Now you have (US Securities and Exchange Commission Chair Gary) Gensler even blaming the banking crisis (last month) on crypto… so the United States authorities have firmly pointed their guns at crypto.”

Crypto companies “were probably the ones that were the most threatening to the establishment”, he noted, before adding that crypto companies were also “the ones that, in fairness to the regulators, did push the boundaries more than any other sector of the startup economy”.