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.
Sam Bankman-Fried
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 inPolitics
The Staying Power of Crypto’s Political Machine
SBF is going to jail, but the crypto machine remains king in the 2024 elections.
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 inLaw and Justice
The Culture of Corporate Criminal Impunity Continues
Attorney General Merrick Garland continues to let big companies skate.
Posted inMoney, Politics, and Power
The CFTC Ponders Gambling on Democracy’s Future
Gambling site Kalshi is spending big on a lobbying campaign to allow people to bet on the end of the American republic.
Posted inTAP
Crypto Keeps Taking Hits
Today on TAP: And the industry keeps complaining about regulators doing their jobs.
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 inHealth and Social Policy
Ashish Jha and the Moral Horror of Too Little Progress
The new position of White House pandemic preparedness director requires boldness on intellectual property.