To understand the tech mindset is to see that the ultimate goal is domination. Silicon Valley elites apply a different standard to themselves because, quite simply, they believe that they deserve a different set of rules and expectations.
FTX
Posted inHealth and Social Policy
Sam Bankman-Fried Is Not Entirely Wrong
FTX’s victims are getting up to 143 percent of their money back, because the system treated it like the fraud it was. As the Steward case shows, that’s not usually how bankruptcy works.
Posted inMoney, Politics, and Power
The Ambassador for Crypto
Sean Patrick Maloney, an adviser to Coinbase, is nominated as the U.S. representative to the OECD, which is building regulatory frameworks for crypto.
Posted inLaw and Justice
Nothing to See Here
The conviction of Sam Bankman-Fried is over, but little attention has been paid to the lawyers who helped build up FTX—and they want to keep it that way.
Posted inEconomic Policy
Will Anyone Hold Larry Summers Responsible for His Promotion of a Crypto Scam?
The prominent centrist economist was affiliated with the disgraced crypto firm DCG for over half a decade.
Posted inEconomic Policy
Rich Bank Dumb Bank
Was Signature, the other bank in the Great Panic of 2023, a failure or a patsy?
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
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.
Posted inMoney, Politics, and Power
The Easiest Criminal Indictment Ever
The rapid arrest of Sam Bankman-Fried offers a small bit of hope that we’ve turned the page on an era of no accountability.