The SEC’s “Reg Crypto” aims to carve out exemptions, the CFTC wields emergency powers to shield prediction markets from state regulators, and a Trump family crypto firm gets a bank charter
Spotted in Coinbase’s most recent 10-Q: Coinbase has stopped using trading volume as a key metric, which is I’m sure completely unrelated to the 38%/48% decrease in spot trading volume they reported over the past three/six months
Firms close up shop amid a continued crypto winter, a Trump venture ditches its crypto plans, and the Clarity Act fails to reach a vote before August recess
This article is a great deep dive into some of the shady characters behind World Liberty Financial — Justin Sun among them, despite his recent efforts to distance himself from the project. (He likely hoped this interview would help, and it is a little friendly, but rightly points out his shadiness.)
The crypto industry has spent $200 million to get a bill too corrupt for Democrats to pass and a president too corrupt to sign anything that might meaningfully limit his grift.
Just had to patch a bug on the Tech Influence Watch Michigan House District 13 election page, stemming from Shri Thanedar reporting -$1.1 million in receipts.
Why is Thanedar reporting negative receipts? He put $3.7 million of campaign funds into crypto.
fascinating economic discovery from Fidelity: houses actually are cheaper now than in 2020!*
* if you denominate them in an arbitrary asset that has appreciated over that time frame
next up from Fidelity: groceries aren't getting more expensive**
** if you denominate their price in World of Warcraft gold
you wouldn't know my girlfriend, she goes to another school
The crypto industry spent the spring buying primaries, an octagon at the White House, and — they hope — a market-structure bill by the Fourth of July.
Tiffany Muller talks to me about what Citizens United enabled, how crypto and AI fit into the bigger picture of money in politics, and what it would actually take to fix this broken system.