In an article published on June 4 in FinTech Weekly, Matthew Lindenbaum compared the HBO series "Deadwood" to the cryptocurrency industry's evolution, exploring how both narratives follow a similar trajectory from a lawless frontier to seeking government legitimacy. The article discussed the industry’s journey from initial government hostility to regulation, recognition and reform.

“After years of either avoidance of government or active hostility to it, the moment has come where crypto—like the citizens of “Deadwood”—is pivoting toward an embrace of government involvement, in the hopes of legitimizing the industry and further embedding crypto in the United States’ and world economies,” Lindenbaum explained. “The U.S. government too, for the first time, seems ready to embrace crypto, abandoning a previously hostile attitude.”

You may read the full article here.