One key lesson of 2022 is that “cash crypto” and “tech crypto” should be handled otherwise. Cash crypto on this context consists of crypto-financial companies resembling custody, exchanges, market making, investing and lending. And tech crypto consists of open-source, public permissionless innovation resembling blockchains, decentralized finance (DeFi), non-fungible tokens (NFT), Web3 gaming, wallets, instruments and infrastructure. Monetary stability and client safety failures in crypto didn’t come up from the failure of expertise, however the failure of oversight and controls. DeFi blue chips continued to function with no glitch final 12 months, whereas giant opaque, centralized crypto monetary establishments collapsed like dominoes.