The center-left mindset of favoring quantitative analysis and just-so mathematical solutions is particularly myopic when it comes to fossil fuel pollution.
cryptocurrency
Posted inMoney, Politics, and Power
Congressmembers Tried to Stop the SEC’s Inquiry Into FTX
The ‘Blockchain Eight’ wrote a bipartisan letter in March attempting to chill the SEC’s information requests to crypto firms. FTX was one of those firms.
Posted inMoney, Politics, and Power
The Contradictions of Effective Altruism
The meltdown of FTX and its fraudster boss, Sam Bankman-Fried, reveals the potential for reckless risk-taking at the heart of an influential philanthropic movement.
Posted inMoney, Politics, and Power
We Already Have Laws to Stop Crypto Fraud
Forget Washington’s urgency to design a regulatory regime for crypto. It’s better to treat it like any other illegal operation.
Posted inTAP
Bankman and the Bastardization of Bankruptcy
Today on TAP: He gets to cheat his customers, write off debts, and then keep control of his company? (Yup, that’s how bankruptcy often works for big dogs.)
Posted inTAP
Sam Bankman-Fried: A Common Crook
Today on TAP: With luck, his fall will take the whole crypto sector with him.
Posted inTAP
Why Is Congress Still Writing Crypto Regulations?
Today on TAP: The FTX debacle shows that crypto is less an industry than it is a scam.
Posted inMoney, Politics, and Power
Crypto PAC Questionnaire Claims Bitcoin Mining Is Good for the Environment
A rare glimpse at how PACs communicate with candidates reveals the types of ideas policymakers are pressured into believing.
Posted inMoney, Politics, and Power
Battle Royale for Crypto Oversight Kicks Off
Two agencies, the CFTC and the SEC, want to have the responsibility. Lawmakers have a self-interest in that process, too.
Posted inTAP
Crypto’s Odd Allies
Today on TAP: Why are progressives backing crypto’s crusade for weak regulation?