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November 22, 2023
PRESS RELEASE: Larry Summers’ Ascent to OpenAI Board is Awful News for Humanity
Revolving Door Statement on Crypto proponent Larry Summers joining the board of Sam Altman’s OpenAI
October 27, 2023
Larry Summers And The Crypto Con
October 26, 2023
Julian Scoffield Vishal Shankar Julian Harden
Newsletter Consumer ProtectionCryptocurrencyHealthRevolving Door
A Wolf In A Moderate’s Clothing, And Other Quick Hits
This week’s newsletter discusses a wolf in a moderate’s clothing, opposition to healthcare revolvers, and new polling suggesting widespread support for the CFPB.
October 24, 2023
Statement On Tom Emmer’s Candidacy For Speaker Of The House
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