币界网报道：The crypto industry faces growing tension between its original cypherpunk ideals and mainstream adoption, argues a veteran observer. While Bitcoin ETFs and corporate acquisitions signal surface-level legitimacy, core values of decentralization and individual empowerment risk being diluted. Coinbase's sponsorship of a Trump-affiliated military parade exemplifies this shift, contradicting its apolitical stance. The article warns against conflating regulatory engagement with ideological alignment, stressing that crypto's purpose was to counter centralized power—not serve it. Despite progress in political recognition, the movement must recommit to building systems that make financial freedom and privacy defaults rather than privileges. True cypherpunk values demand tools that render centralized authority obsolete, not just repackage traditional finance with blockchain branding.