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October 19, 2023
RELEASE: Corporation Long Advised by Larry Summers Faces Federal Court Order After Refusing To Comply With SEC Subpoena
Revolving Door Project Executive Director Jeff Hauser released the following statement in response to Southern District of New York Judge Jed Rakoff’s court order demanding Genesis Global Trading comply with the SEC subpoena:
October 06, 2023
How Do You Get Tricked By The Effective Altruist Schtick When The Guy Is In Jail?
Somehow, Author Michael Lewis Has Fallen For SBF’s Unkempt, Well-Meaning Genius Gimmick That Beguiled Most Of DC And The Media. He’s Held On To This Idea Almost A Year Since Bankman-Fried Was Exposed.
July 14, 2023
The Crypto Industry Thinks Gary Gensler Should Recuse Himself From Enforcement Actions.
If we were to agree to the industry’s demand that policy experts should be precluded from regulating issues they have spent significant amounts of time developing expertise in, we would be setting a precedent that severely undermines any kind of public-minded enforcement. In fact, banning experts such as Gensler would leave the public with a pool of potential regulators who are either already corporate-aligned or unqualified to adequately opine on pressing issues.
July 07, 2023 | The American Prospect
Secretary Yellen, Where Are the Crypto Tax Regulations?
Despite this, Janet Yellen’s Treasury Department has yet to formalize the regulations that would usher in this new reporting regime. The initial expectation was to have Treasury provide the new guidance by the end of 2022, allowing reporting changes to begin with transactions completed in 2023. However, despite approval of the proposed regulations by the Office of Information and Regulatory Affairs in February (the usual stumbling block in this sort of proceeding), the department has yet to publish the regulations.
June 21, 2023
In Case Of Emergency Spin Revolving Door
Despite venture capitalists, investment pundits, and other crypto firms alike all acknowledging that the jig is up, regulatory revolvers remain undeterred in their willingness to lend their reputations, expertise, credibility, and relationships to keep the crypto con alive.
June 09, 2023
Hack Watch: End Crypto’s Presumption Of Legitimacy and Other Quick Hits
It’s Time That The Media Accept What Even Wall Street And Venture Capitalists Have – Crypto Is One Massive Grift. Those Involved With It Should Be Treated Accordingly.
May 30, 2023
Being A Board Member Is Hard, Just Ask Larry Summers
Former Secretary of the Treasury Larry Summers recently learned that making business decisions can be hard even if you’re an economist. Or, alternatively, Summers has again proven to be a real-life embodiment of an economic “rational individual;” willing to do whatever maximizes his personal interests, regardless of broader consequences. If true, this further demonstrates why the press needs to end their reliance on Summers for economic speculation – because his judgment is for sale.
May 17, 2023
Coinbase Spins The Crypto Revolving Door
Coinbase’s establishment of a new advisory council comprising former members of Congress is the latest example of the crypto industry’s embrace of Washington’s revolving door.
May 12, 2023 | The American Prospect
Will Dem PR Flacks Help Studios Crush Striking Writers Again?
How two ‘Masters of Disaster’ helped Hollywood execs break the last writers strike
May 10, 2023
What The SVB Collapse Says About Crypto’s “Most Stable” Stablecoin
The March 2023 collapse of Silicon Valley Bank (SVB) — aside from foregrounding the hypocrisy of neoliberal pundits and libertarian venture capitalists alike — spotlighted the instability of the cryptocurrency industry’s most ostensibly stable offering. Hidden within the uncertainty of SVB’s fate following a $42 billion withdrawal frenzy was a similar crisis of confidence for Circle Internet Financial and its stablecoin, USD Coin (USDC).
March 15, 2023
RELEASE: Michael Barr's Fintech Partnerships May Cloud Judgment Of SVB Autopsy
As of now, Barr is assigned to investigate supervisory failures that occurred under his watch featuring a bank that catered in particular to the crypto and fintech industries which Barr was so active in immediately prior to revolving back into government. Barr is a walking conflict of interest. His central role in the investigation is damning
March 09, 2023
Revolving Door Project Warns Of Crypto-Friendly Congressmen Ahead Of Subcommittee on Digital Assets, Financial Technology, and Inclusion Hearing
The Bipartisan Group That Once Defended Crypto Firms From SEC Investigations May Have Gone Silent In Recent Months, But Their Crypto Loyalties Remain.
January 18, 2023
Larry Summers Must Answer for Years of Revolving Door Service to Collapsing Crypto Company
The media must stop treating Summers as an impartial expert and recognize how he uses his status in the economic media to provide credibility to corporations.
January 11, 2023
Larry Summers Advised A Possible Crypto Fraudster. Is Anyone Going To Ask Him About It?
Considering how much of the financial press eagerly solicits Summers’ take on every imaginable economics topic, it’s bizarre that no reporters have gotten his thoughts about his involvement in this crumbling company, and the asset class it promotes.
December 14, 2022 | Revolving Door Project Newsletter
Real Politicians Stay Bought by Fake Money Tycoons
Sam Bankman-Fried may have been arrested, but his influence campaign in DC is continuing unabated, with Members of the House and Senate looking to use FTX’s collapse to push for SBF’s hand-picked regulatory framework and undermine the work of SEC Chair Gary Gensler.