Financial scams thrive on weak regulation. Biden’s regulators are fighting back.
cryptocurrency
Posted inPolitics
Senate Democrats Finally Control Committee Majorities. What Now?
Here are nine practical and urgent suggestions.
Posted inEconomic Policy
Regulators Prevented a Crypto-Fueled Economic Downturn
As Congress discusses crypto regulation, it’s important to note that the most important regulation has already been done.
Posted inPolitics
Labor in America, Corporate Power’s Chicanery, and Backsliding Democrats
Our writing fellow handpicks his Best of 2022.
Posted inPolitics
Q&A: Ro Khanna on the New Economic Patriotism
The California representative has some ideas for how to broaden the appeal of progressive policy.
Posted inMoney, Politics, and Power
The Easiest Criminal Indictment Ever
The rapid arrest of Sam Bankman-Fried offers a small bit of hope that we’ve turned the page on an era of no accountability.
Posted inVideos
⏩ The Crypto 2008 Speedrun
It took about half a decade for crypto magnates to recreate all the problems that blew up Wall Street in 2008.
Posted inPodcasts
Podcast: The Prospect’s David Dayen with Jon Stewart on the Crypto Collapse
A discussion of the blowup at FTX and the role of political and media elites
Posted inEconomic Policy
Top Stablecoin Firms Are Under Federal Investigation
Stablecoin legislation is the most likely crypto policy in the next Congress. But the top firms all face questions from law enforcement.