The regulator’s proposal for online prediction markets stands in clear opposition to congressional statute and its own rulemaking.
deregulation
Posted inLaw and Justice
Economic Hit Men for Gambling Apps
Former solicitor general Elizabeth Prelogar is writing justifications for prediction market gambling apps, joining several Biden administration colleagues defending the industry.
Posted inMoney, Politics, and Power
The Project Crypto Scheme
Forget deregulatory legislation; the SEC and CFTC are already working diligently to eliminate regulatory oversight of crypto at the behest of their president.
Posted inEconomic Policy
Crypto Industry Gets Its Way on GENIUS Act Rulemaking
The primary federal regulators of stablecoins are finalizing their rules for GENIUS Act implementation and, much to the chagrin of the banking industry, crypto firms are getting everything they want.
Posted inMoney, Politics, and Power
‘Magic Pill’ or Placebo?: Black Politicians and the Crypto Lobby
Young Black congresspeople are winning their seats with support from the crypto industry. But can investing in crypto help close the racial wealth gap?
Posted inEnergy and the Environment
A California Democrat Is Trying to Gut the State’s Broadband Watchdog
The state’s Public Utilities Commission has been a national leader in making broadband affordable for low-income families. Assemblymember Tasha Boerner wants to end that.
Posted inEconomic Policy
Aftermath: The First Corporate Casualty of the Iran War
Spirit Airlines’ demise can be directly traced to the rise in jet fuel prices. That hasn’t stopped corporate Democrats from blaming Biden-era merger policy.
Posted inTAP
Time to Stop Lionizing Powell
The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
Posted inBooks
Vertical Vertigo
Brian Callaci’s book describes the deregulatory strategies franchisors use to protect their profits.
Posted inEnergy and the Environment
EPA’s Endangerment Finding Repeal Stands on Shaky Foundations
Lee Zeldin has vowed to drive ‘a dagger straight into the heart of the climate change religion.’ Too bad he only has a butter knife.