Morning Edition · Sunday, August 16, 2026Published at 1:37 AM EDT · New York

Ethereum Advocate Calls Wall Street's Private Blockchain Push a 'Race to the Bottom'

The criticism lands as a review of every crypto deal in the first half of the year found $11.2 billion in funding went overwhelmingly to regulated firms.

Vivek Raman, who runs an advocacy organization for institutional Ethereum adoption, argues that the banks building their own permissioned networks are engaged in a "race to the bottom". His technical case is specific: centrally controlled,…