According to the author, the increasing political alignment of crypto companies like Coinbase and Ripple, including sponsorship of events and lobbying efforts, heightens regulatory risks that could lead to market volatility for cryptocurrencies such as BTC and ETH. As stated in the article, examples such as Coinbase's sponsorship of a military parade and Ripple's influence in Washington D.C. demonstrate a betrayal of cypherpunk values, potentially eroding investor confidence and increasing susceptibility to regulatory crackdowns, similar to the FTX collapse which caused significant market disruptions.