Sen. Pat Toomey on Cryptocurrency and FTX's Collapse
"It's not clear that FTX would have existed, at least at its scale, if we had domestic guidelines for American companies," the former senator tells Reason.
"It's not clear that FTX would have existed, at least at its scale, if we had domestic guidelines for American companies," the former senator tells Reason.
Politicians lean on the financial industry to target activities they don’t like.
Lawmakers should proactively retake the power of the purse from the Consumer Financial Protection Bureau, regardless of how the Supreme Court rules.
Meet the SEC commissioner who hates regulation and the bitcoin booster who says the crypto industry needs to police itself better.
A Netflix documentary series blames the SEC for missing the Ponzi scheme and then calls for giving the SEC more power.
Brokers will have to report every trade and the trader’s personal information.
Join Reason on YouTube and Facebook on Thursday at 1 p.m. ET for a discussion of what the SEC's settlement with crypto giant Kraken means for the future of decentralized finance
Thousands of local, state, and federal law-enforcers have access to sensitive financial data.
Join Reason on YouTube and Facebook on Thursday at 1 p.m. Eastern for a live discussion of "stakeholder capitalism" or Environmental, Social, and Governance (ESG) investing.
Senator Warren wants to extend the financial surveillance state cooked up by drug warriors and anti-terrorism fearmongers to cryptocurrencies.
Plus: moral panic about department stores, the obvious cause of homelessness, and more...
Fintech platforms facilitated fraud in the Paycheck Protection Program, according to a new congressional report.
Most dangerously of all, they're starting to make their own central bank digital currencies.
Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.
The mainstream coverage of SBF and FTX is more than a little blasé.
Plus: Twitter is alive and well, the U.K. considers unprecedented tax hikes, and more...
The co-founder of the crypto exchange Kraken will join Reason's livestream Thursday at 1 p.m. Eastern to discuss the downfall of Sam Bankman-Fried and his company, FTX.
Plus: Democrats retain control of Senate, RIP Sharon Presley and Martin Wooster, and more...
This is bad news for any virtual currency that was pre-mined, including ethereum.
Consumer Financial Protection Bureau
The Fifth Circuit Court of Appeals is right to notice that the CFPB is unique even among federal agencies that don't get their funding from Congress.
Plus: SCOTUS is back in session, governments around the world are getting bigger, and more...
Plus: Lessons from the recovered memory movement, Texas fights to keep young adults from owning handguns, and more...
The rapper blamed a lack of "motherfucking inventory" for high home prices and rising rents in low-income neighborhoods. She's not the only one.
The Supreme Court is skeptical of agency efforts to pour new wine out of old bottles.
Millions of lower-income or unbanked people are more likely to use cryptocurrency as a payment method.
New York City pressures Wall Street banks to report "self-identified gender, race and/or ethnicity of individual directors."
The Department of Labor and Sen. Elizabeth Warren have strong opinions about Fidelity’s new 401K option
Proposed EU rules would be equivalent to tracking all cash transactions
The Massachusetts senator also came out in favor of creating a central bank digital currency
Cryptocurrencies are not the threat to U.S. financial power the elites want to present.
There’s no freedom if the state can separate us from our money.
The government controls on the traditional banking system also apply to custodial cryptocurrency services.
Apparently the rule of law doesn’t matter if Justin Trudeau doesn’t like your peaceful protest.
Did Justin Trudeau accidentally prove crypto bros' point?
Regulatory agencies were never designed to be political, but the tables have turned.
Politicians attack dollar-backed cryptocurrencies called “stablecoins” and the decentralized finance it enables
Nancy Pelosi, Elizabeth Warren, and co. insist that the IRS needs to know about $600 bank accounts.
Omarova's starry-eyed view of the Soviet Union and interest in giving far more power to the Federal Reserve should not inspire confidence.
Though domestic crypto transactions were banned back in 2017, today's move signals that Chinese authorities are making good on their threats from earlier this year.
Innovation should be more important than regulation.
The president says the IRS needs just two bits of information: all the money that goes into your bank account, and all the money that comes out.
Old rules and odd enforcement are pushing opportunities overseas.
For now, the side that wants less cryptocurrency regulation and taxation lost.
Plus: California's new pork regulations, Florida's COVID-19 boom, and more...
Rather than let students weigh crypto costs and benefits on their own, the Consumer Financial Protection Bureau claims to know best.
The Consumer Financial Protection Bureau claims to be enforcing a law that prohibits "false or misleading representations."
Say what you will about the U.S., but its financial reporting rules are at least consistent.
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