The supervisors knew exactly what was happening at the bank, and were institutionally incapable of acting. This isn’t an isolated incident.
cryptocurrency
Posted inMoney, Politics, and Power
New Astroturf Crypto Campaign Appears on Social Media
The House Financial Services Committee’s upcoming hearings on cryptocurrency regulation coincide with new groups pushing vapid digital campaigns.
Posted inTAP
Crypto Keeps Taking Hits
Today on TAP: And the industry keeps complaining about regulators doing their jobs.
Posted inEconomic Policy
Rich Bank Dumb Bank
Was Signature, the other bank in the Great Panic of 2023, a failure or a patsy?
Posted inTAP
The Crypto Shell Game
Today on TAP: What if the assets backing cryptocurrencies are as volatile as crypto itself?
Posted inMoney, Politics, and Power
Congressional Crypto Defenders Accidentally Sparked an SEC Crackdown
Emboldened by claims that he needed to do more to stop crypto meltdowns before they started, Gary Gensler has rapidly enforced the law.
Posted inPolitics
How Crypto Cash Could Determine Chicago’s Next Mayor
Prior donations from Sam Bankman-Fried have damaged Chuy García’s campaign. But Mayor Lori Lightfoot has her own crypto ties.
Posted inEconomic Policy
Keeping Crypto From Corrupting the Regulators
Financial scams thrive on weak regulation. Biden’s regulators are fighting back.
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.