Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test

However, all that said, there’s something to the idea that the CFTC is using the levers of regulation to essentially wipe out predictions markets as an industry before it can even get going. There may or may not be something to the psychological and economic theory behind betting markets, but it is significant that a […]

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Sam Bankman-Fried Blames Everyone but Himself for FTX’s Collapse

Most notably, Bankman-Fried still seems unwilling to take any responsibility for what happened — or even register that $8 billion *somehow* went missing, people lost life savings or that he could spend the next decades of his life rotting in prison. And, somehow, his biggest regret still seems wrapped up in his fallen public persona, […]

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What Crypto Can Learn From AI About Getting Its Way in Washington

Media gatekeepers are weaker than ever, leaving the public, which is already distrustful of large corporations and institutions, vulnerable to rumor and disinformation. In the late 1990s and early 2000s, many Americans relied heavily on traditional media sources. Today, more Americans get their news from their favored social media app, which likely prioritizes content that […]

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The G20’s Crypto Hand-Wringing Is Not Significant

So, let’s assume that we get some firm statements from the group in support of the Financial Stability Board’s (FSB’s) latest policy recommendations, published in July. That’s very likely, since the recommendations don’t actually say anything interesting. There’s a smattering of “authorities should have the appropriate powers,” apply regulation, cooperate with each other and require […]

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How Everyone Can Win From the Grayscale Bitcoin ETF Decision, Including the SEC

Should the SEC wish to challenge the federal judge’s conclusions in the Grayscale decision, the company’s application could simply be denied again for a different (or even an analogous) reason. That course of action becomes problematic quickly. The last thing any lawyer wants to do is upset a federal judge. That is a terrible idea, if the […]

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An Open Letter to President Biden Regarding Bitcoin Mining

Mr. President, leveraging the potential of bitcoin mining to accelerate the transition to a renewable-powered, efficient, and interconnected energy grid presents a remarkable opportunity for our nation’s energy future. By providing incentives that encourage miners to use renewable energy sources and invest in sustainable practices, we can create a win-win situation for both the environment […]

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