Remember when mainstream news outlets published a bunch of incredibly irresponsible articles about how rich people were getting off crypto, and then people bought in and got wrecked over the two years of "crypto winter" that followed?
Anyway here's a WSJ headline I just saw: "Young Men Are Making Risky Bets on Crypto and Politics—and Raking It In Right Now" (gift link)
I’ve been banging the drum about the need for a federal anti-SLAPP law for a long time now, and one has just been proposed. Call your Congresspeople!
More on the bill from the Reporters Committee for Freedom of the Press.
“I can’t leave Substack, the alternatives charge monthly fees!”
For a mid-sized paid newsletter, you will pay:
Ghost Pro: $149–$269/month
Beehiiv: $131–$218/month
Buttondown: $239/month
Mailchimp: $285/month
Substack: $700/month
Will the cryptocurrency industry’s endemic fraud and risk-taking ultimately be backstopped by government bailouts, funded by taxpayers who may themselves have no exposure to crypto assets? Has crypto become too big too fail?
My latest in Bloomberg Businessweek: Crypto Got What It Wanted in November’s Election. Now What?
archive spelunking. via Don Pedro Presents: Politics and Protest.
taking psychic damage reading the lawsuit by Justin Sun’s Bit Global against Coinbase
i have to respect the argument that “memecoins... unlike wBTC have no inherent value other than demand created by their memetic potential as jokes”. your honor, wBTC’s lack of inherent value is for a different reason entirely
I wonder if Coinbase routinely calls up newsrooms to try to blackball people who criticize them, or if I'm just special
sometimes i scroll r/booksuggestions and get totally overwhelmed by how many amazing books exist
The outgoing Sherrod Brown addressing the Senate Committee on Banking, Housing, and Urban Affairs:
This committee must ready itself for the fights and challenges ahead:
Rising housing costs, private equity infiltrating more and more of our economy, insurance costs going up, risks building up in the private credit market, new technology that’s increasingly being used in our financial system – from algorithmic prices to AI to crypto.
All these risks have one thing in common: they all have the potential to take even more money away from working Americans…and funnel it to the same corporate elite that always seem to come out ahead.
