The Trump administration is removing every financial guardrail from crypto, in order to enrich the first family and its tech and finance allies while destabilizing the economy.
financial industry
Posted inPolitics
These 16 Democratic Senators Deserve a Primary
Allowing yourself to be bought by the crypto lobby is unforgivable.
Posted inEconomic Policy
We Can’t Count on Trump’s SEC to Tell Us If He Is Manipulating the Market
The Musk-damaged agency is unlikely to investigate whether Trump and his allies are profiting from advance knowledge about tariff changes or meme coin shenanigans.
Posted inMoney, Politics, and Power
Senior Advisor McHenry at Your Crypto Service
The former congressman is the most employed man in D.C.
Posted inVideos
The Prospect Weekly Roundup: The Underbelly of Finance
On our live show, David and writing fellow James Baratta look at private equity and the Consumer Financial Protection Bureau.
Posted inMoney, Politics, and Power
Private Equity’s Do-or-Die Moment
Regulators have been cracking down on consolidation just as dealmaking dries up and investors head for the exits. Can the lords of finance find a way out?
Posted inMoney, Politics, and Power
The Markets as Master
Trump and Musk could evade public opinion and popular outrage for a while, but the markets have brought them to heel.
Posted inEconomic Policy
How the Euro Can Replace the Dollar
Europe has a potential golden opportunity to claim the global reserve currency and get a free military rearmament to boot.
Posted inVideos
The Prospect Weekly Roundup: The Oncoming Trump Slump
On our live show, Ryan Cooper and Samantha Hancox-Li discuss how Donald Trump’s madcap crusade is causing chaos in global markets, and why so many liberal institutions are capitulating to him.
Posted inTAP
Sorry, but It’s Not Over
Today on TAP: Trump blinks for now, but he remains a bundle of contradictory impulses and grievances. So the wholly invented economic crisis will continue.