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Better still, the government could consider more aggressive action. Application of existing law would bring some stability to the stablecoin space, but there is one more simple and effective option: banning them outright. Stablecoins are an essential component of a deeply fraudulent industry that is financially and environmentally destructive. Guaranteeing their existence is an unnecessary risk.

Earlier this month, The New York Times broke the story that former FBI director James Comey and his former deputy director Andrew McCabe, both loathed and eventually fired by President Trump, also both underwent rare and intensive tax audits under the National Research Program, which studies tax compliance and calculates the “tax gap” (the difference between legally owed tax and what is actually paid). Out of around 154 million annual tax returns, the National Research Program selected just 5,000 tax returns in 2017 and 8,000 in 2019 to audit. Neither man knew the other had undergone the same audit until a Times reporter told them.

In response to reports that the U.S. Department of the Treasury will create a “Climate Data and Analytics Hub” within the Office of Financial Research, Revolving Door Project Senior Researcher Dorothy Slater released the following statement:

Despite a disclosure law, the Honest Leadership and Open Government Act, only one of 56 retiring members of Congress has filed reports on their potential new jobs this election cycle.

Welcome to the seventh edition of the Revolving Door Project’s Corporate Crackdown Project newsletter! Presented by the people who infuriate the sponsors of other newsletters.

If the Walter Reed vaccine proves effective against Covid-19 and its variants in further tests, it will be a vaccine wholly created by a public institution through use of public funds. Every aspect of the vaccine production process should be widely and freely shared to ensure globally distributed manufacturing. Widespread, equitable availability of effective vaccines at truly affordable prices would go a long way in achieving your stated goal of vaccinating the world.

months of dedicated advocacy and both public and private pressure from environmental groups which insisted an emergency declaration was necessary to meet the moment, it seemed like Biden was finally ready to respond. But the declaration didn’t come, and in the days since, PoliticoPro’s EnergyWire and GreenWire have given spotlights to legal experts opining on the legal and political merits of such a declaration. 

Despite months of increasingly desperate horse trading and frantic whittling, Joe Manchin has narrowed the reconciliation package formerly known as Build Back Better to just a health care bill. Senate Majority Leader Chuck Schumer, meanwhile, appears set to torpedo popular, bipartisan antitrust bills on Big Tech’s behalf simply by refusing to bring them for a vote. And a once-sprawling bill on competitiveness and advanced manufacturing is now mostly an economic development subsidy to semiconductor manufacturers.

Earlier this year, many breathed a sigh of relief, after France’s far-right opposition candidate Marine Le Pen’s bid for the country’s presidency went down in resounding defeat for the second time in five years.

That she was able to reprise her role as a second-round presidential candidate, however, let alone pick up close to enough votes, attests to a troubling fact: In France, and elsewhere, the threat from right-wing populist movements is mounting — not receding.

The president’s proposal to restart fossil fuel projects would abdicate his responsibility to ensure the laws are faithfully executed.