Gnosis co-founder Martin Köppelmann has criticized the crypto industry’s growing alignment with traditional finance, arguing it undermines the sector’s original values. He warned that prioritizing institutional adoption, regulation, and profit-driven models risks sidelining decentralization, privacy, and user sovereignty. Köppelmann said crypto was meant to offer alternatives to existing financial systems, not replicate them on-chain. His comments reflect a broader debate within the industry over whether mainstream acceptance comes at the cost of crypto’s foundational principles.