What happens now that the government has released the crypto kraken?

The government has taken action that has significantly impacted the cryptocurrency and digital asset sector, described as "releasing the crypto kraken." This development means that digital asset and crypto businesses, originally founded on a distrust of traditional financial institutions and governments, are now seeking regulation and to operate like banks. This shift is significant because it indicates a fundamental change in the industry's approach to oversight and its integration into the established financial system. The move suggests a potential future where crypto businesses operate under governmental regulatory frameworks, similar to traditional banking entities.