big crypto
nounEtymology Modeled after earlier instances of the pattern such as big tech (Big Tech), big pharma (Big Pharma), big business (Big Business), and others.
1
Large, influential cryptocurrency companies collectively.
- But 2022 was the year that we found out the extent to which Big Crypto is a real thing: a cartel of interconnected players from exchanges, stablecoin companies and crypto networks who work together via group chats — one Signal chat was reportedly called “exchange co-ordination” and included executives from FTX, Binance and Tether.2022 December 22, Jemima Kelly, “What this year in crypto has taught us”, in Financial Times:
- Yet the lobbyists’ narrative is bogus. “Big crypto” blames the serial blow-ups of crypto firms on the failure by the SEC and Commodity Futures Trading Commission to provide the sector with “regulatory clarity.” […] The truth is that the agencies couldn’t be clearer about where Big Crypto is breaking the rules.2023 February 17, Michael Hiltzik, “Column: The government crackdown on crypto is well underway. Get out while you can”, in Los Angeles Times: