Vivaldi CEO labels cryptocurrencies a threat to democracy

Jon von Tetzchner, founder and CEO of Vivaldi, has called for a ban on cryptocurrencies, arguing that a lack of regulation allows industry players to influence politicians and undermine democratic processes. Tetzchner, who previously co-founded Opera Software, compared the current state of the crypto industry to the unchecked growth of data-driven advertising models in Big Tech. He also drew parallels to the AI industry, noting that companies are now seeking regulation because they cannot self-regulate harmful practices. Tetzchner has long criticized digital assets, previously describing them as pyramid schemes and highlighting concerns over volatility and energy consumption.