Update 838 — Trump’s Barrage of EOsInvite Legal Challenge; Many Infeasible Immediately following his presidential inaugural on Monday, Donald Trump signed dozens of Executive Orders this week, many with drastic economic and fiscal implications, including several drawing legal challenges and others that may simply be infeasible without Congressional funding that Democrats may be able to …
Update 836 — Deregulation and Beyond:Econ. Policy Agenda in Congress, Part 2 A modest gain for core consumer prices by 3.2 percent year-on-year in December’s CPI report — just under expectations and the first reduction in core prices since July — led this morning’s news. We will dive into the report and its implications for …
Update 669 — Digital Assets Debated:Crypto Regulation in the New Congress The debate in the 118th Congress over whether and how to regulate cryptocurrencies opened yesterday at a Senate Banking Committee hearing. The several bills introduced in the last Congress that attempted to grapple with the question did not come up — they were all …
Update 657 — Investors Ask FTX, WTF?Fraud Ignites Hill Debate on Crypto Reg. In recent weeks, Americans have seen the air begin to go out of two of the biggest political and financial balloons of recent years. Ex-President Trump suddenly trails Florida Gov. DeSantis in GOP 2024 polls by as much as 23 points; “I …
Update 636 — The Crypto Commodities: How and When to Regulate a New Market? The Fed just this afternoon voted to raise interest rates by another 75 basis points as expected (full coverage on Friday), with immediate impact on the regulated capital markets as well as the unregulated ones. In the last year, the unregulated crypto …
Update 627 — Crypto Crash Begs Regs:Hill Action as Euphoria Yields to Reality As the House returns today to vote on the Inflation Reduction Act and send it to Biden’s desk, we turn towards a murkier legislative task: regulating cryptocurrencies. Following the flurry of 2022 Super Bowl ads, markets saw a crypto winter of massive …
Update 615 — Slouching toward CryptocracyOr Regulatory Reckoning for Neo-Wild West? The 2022 Super Bowl this past February was an extravagant debut for the far-flung crypto family of securities, currencies, and platforms. But cryptocurrencies such as Bitcoin have plunged in value by more than 52 percent year to date, with pogo-stick volatility and sell-offs by …
