The GENIUS Act is the first pro-crypto bill Republicans want to rush through this Congress. Thanks to industry money, several Democrats are ignoring the bill’s major problems.
David Dayen
David Dayen is the executive editor of The American Prospect. He is the author of Monopolized: Life in the Age of Corporate Power and Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud. He co-hosts the podcast Organized Money with Matt Stoller.
He can be reached on Signal at ddayen.90.
Posted inHealth and Social Policy
How Social Security Administration Cuts Affect You
A timely research paper looking at SSA staff cuts in the 1980s found that it led to tens of thousands of Americans not getting their earned benefits.
Posted inMoney, Politics, and Power
Elon Musk’s Next Potential Self-Enrichment
His Starlink internet service could benefit from a proposed Republican fire sale of the government’s wireless spectrum.
Posted inEconomic Policy
CFPB to Employees: When We Said Stop Work, We Didn’t Mean Stop Work!
The illegal plan to dismantle the consumer agency is failing. So Russ Vought and his charges are engaging in some CYA.
Posted inEconomic Policy
The Plot to Destroy the CFPB
Declarations in a court case involving the union of the consumer protection agency detail a desire to whittle it down to ‘five men in a room.’
Posted inHealth and Social Policy
‘Significant Workforce Reductions’ Under Way at Social Security Administration
An agency-wide email announces the organizational restructuring and encourages employees to retire or resign.
Posted inEconomic Policy
Amnesty Day at CFPB
The agency dropped five cases of alleged financial predation while the nominee to run the agency was in a Senate confirmation hearing.
Posted inHealth and Social Policy
Social Security Administration Could Cut Half Its Workforce
Sources tell the Prospect that a meeting called for a 50 percent reduction in an agency that millions rely on for benefit implementation.
Posted inPolitics
House Republicans Squeak Through Budget Resolution
But there is a lot more work to do, and no consensus yet.
Posted inMoney, Politics, and Power
The CFPB Shutdown Is Entirely About Payment Apps
Elon Musk and other Big Tech CEOs want to manage your money without any regulatory protections.
