Hard Times in Crypto: the Unintended Consequences of Going Public

Happy Fourth of June to all who celebrate! Hope you’re lucky enough to have time off. Spend some of it doing something you love.This is the last of a three-part newsletter series about the risks facing crypto right now.Here are the three topics this newsletter series covers.This week we’ll take a look at public company risk.Public companies are widely misunderstood, especially among the bitcoin and crypto crowd. That’s not really surprising. The whole thing is (enter: 100% of my cynicism) intentionally convoluted and confusing to make the investment bankers, lawyers and insiders on Wall Street feel smart.