2025-12-29 15:20:41

In 2025, traditional financial giants like BlackRock, JPMorgan Chase, and Standard Chartered are frequently making moves to enter the crypto space. The market initially cheered, seeing this as a sign that "cryptocurrency is going mainstream." But once you see through these actions, the story is entirely different.

The real goal of these giants is less about embracing the crypto revolution and more about shaping a domesticated crypto world. Through compliance, narrative reshaping, and technological control, they aim to transform crypto from an "independent revolutionary force" into a "tool for traditional finance."

**Compliance encirclement is the first move.** By proactively accepting regulation, obtaining compliance licenses, and launching regulated crypto products, traditional giants are integrating the crypto industry into the existing financial framework. Coinbase's IPO is a typical example—branding itself as a compliance benchmark to squeeze out projects that don't follow compliant routes. Similarly, Circle's stable operation reflects this approach. Once the industry broadly adapts to centralized control, the true spirit of decentralization gradually disappears.

**Narrative reshaping is the second move.** Products like Standard Chartered and Ant's tokenized deposits, JPMorgan's tokenized funds, all send a message: "You can use blockchain technology, but there's no need for decentralization." Through this shift in rhetoric, the public is led to forget the original crypto ideals—the dream of financial democratization and decentralization.

**Technological control is the third move.** Innovations like private chains, permissioned chains, stablecoins, and tokenized assets may look flashy, but in reality, they all serve the same purpose: making the crypto ecosystem dependent on traditional financial credit. Once all crypto assets are tied to the creditworthiness of traditional finance systems, they lose their independence entirely.

These three moves are interconnected. Compliance lowers the barriers, narrative reshaping alters perceptions, and technological locking-in creates dependency. By the time people realize it, crypto may no longer be the disruptive force it once was.

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LeekCutter

· 7h ago

Really, this is just boiling frogs in warm water. We're still cheering for it. --- Compliance, narrative, technology... piled up beautifully, but essentially it's just domestication. --- That Coinbase approach is quite ironic. Under the guise of compliance, they've boxed in the wild-growing ecosystem. --- The dream of decentralization is dead, replaced by more fancy centralized products. --- Private chain stablecoins and all that... are a bit like new schemes designed by financial aristocrats for the retail investors. --- Wait, does this mean ordinary people still have any chance? --- So are we now buying financial products or revolutionary tools? It's a question worth pondering. --- Another round of harvesting is coming. --- J.P. Morgan's tokenized fund sounds high-end, but essentially it's the same old story. --- It's probably too late to realize; the decentralization of power only exists in stories.

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DaisyUnicorn

· 7h ago

I'm screwed, I feel like our little flower has been locked inside a golden cage. --- Exactly right, this is domestication. It looks like entering the market, but in reality, it's a trap. --- Compliance itself isn't wrong, but being controlled by compliance? That becomes a warm water frog boiling chicken soup. --- The set of private chain stablecoins, in simple terms, is traditional finance 2.0 disguised with blockchain. --- Wait, then what are we still playing... Truly decentralized things are becoming fewer and fewer. --- A three-step set, interconnected, I ask what level of difficulty this is. --- When Coinbase went public, I felt something was off. So this is how they think. --- The scary part is that most people don't even realize this is happening, still cheering for mainstream adoption.

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ZenChainWalker

· 7h ago

Awakened, this is what domestication looks like --- The compliance approach, in simple terms, is boiling a frog in warm water --- Wait, then what are we still playing at --- Really, people in the crypto world are still cheering, unaware that they've already been trapped --- Private chain stablecoins... sound advanced, but in reality, they are just a different guise of central bank digital currencies --- Feeling uncomfortable, dreams are gone, only technology remains --- By the way, what about Coinbase's original ideals? Is this betrayal? --- I just want to ask, who is truly working on decentralization --- Seeing through all of this, I feel a bit powerless... --- So, is there still any point in buying BTC, is it real or not --- Isn't this just history repeating itself? New things are always domesticated by old forces

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