As Congress discusses crypto regulation, it’s important to note that the most important regulation has already been done.
SEC
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.
Posted inPodcasts
Podcast: The Prospect’s David Dayen with Jon Stewart on the Crypto Collapse
A discussion of the blowup at FTX and the role of political and media elites
Posted inTAP
The New York Times Is in the Tank for Crypto
Today on Tap: There is far too much cheerleading and not nearly enough skeptical reporting.
Posted inMoney, Politics, and Power
We Already Have Laws to Stop Crypto Fraud
Forget Washington’s urgency to design a regulatory regime for crypto. It’s better to treat it like any other illegal operation.
Posted inTAP
Sam Bankman-Fried: A Common Crook
Today on TAP: With luck, his fall will take the whole crypto sector with him.
Posted inMoney, Politics, and Power
Crypto PAC Questionnaire Claims Bitcoin Mining Is Good for the Environment
A rare glimpse at how PACs communicate with candidates reveals the types of ideas policymakers are pressured into believing.
Posted inMoney, Politics, and Power
To Regain the Public’s Trust, the Executive Branch Needs an Ethics Enforcement Overhaul
Too many federal officials are overseeing policies where they have a direct financial interest.
Posted inMoney, Politics, and Power
Griftrix
The implosion of a $16.5 billion Citrix Systems debt deal reveals how private equity firms always manage to wriggle out of trouble.
Posted inMoney, Politics, and Power
Battle Royale for Crypto Oversight Kicks Off
Two agencies, the CFTC and the SEC, want to have the responsibility. Lawmakers have a self-interest in that process, too.