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.
deregulation
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.
Posted inHealth and Social Policy
The Bank of Big Medicine
Health insurers and providers are using industrial loan companies and other tactics to make money from financial engineering rather than patient care.
Posted inEconomic Policy
The Next Financial Collapse
In the coming crisis, the Fed is not likely to be in good hands.
Posted inMoney, Politics, and Power
Wall Street Strikes Back
The crypto industry found out that they can buy a lot, but they can’t buy all the power away from the big banks.
