Shoutout to my amazing colleague @benwinters.bsky.social who is suing Meta, a company whose legal team alone will probably be 4-5x the size our entire organization.
www.wired.com/story/meta-i...
The latest fight between two powerful sectors of the crypto industry - fraud vs. money laundering.
cointelegraph.com/news/fraudst...
So the Secretary of Labor was unfaithful to more than just workers and retirement savers:
www.nytimes.com/2026/04/20/u...
This is only cabinet noms. The most recent Presidential nom I know that failed an actual Senate vote was Judy Shelton - coincidentally also a Fed nominee.
www.senate.gov/legislative/...
Misunderstood the question.
Some high profile fairly recent ones include Omarova, Garland, Diamond and Judy Shelton
Totally agree with your point that the election question alone is disqualifying.
In case you were interested in whether he is a reasonable and capable economist...he had highly influential roles in US financial policy from 2002 to 2011 during which there was a once in a lifetime financial crisis.
Given the UAE gave Trump $2 billion via his crypto company, it's frustrating to hear this from a guy who voted for a bad crypto bill and did nothing to include language to address Trump's crypto corruption. And might do it again.
There's some corruption he's very conveniently left out.
A 13 year old that has netted profits in prediction markets is a financial "genius."
Sure, why not. I don't play the lottery, I'm a Powerball venture capitalist.
www.businessinsider.com/prediction-m...
Sylvan Esso pulled their music from Spotify (for good reasons, underpaying artists, etc). So obviously I needed a new service.
Daunting given a decade of meticulously curated playlists.
The migration to Deezer was painless and fast; it's better in every way.
link.deezer.com/s/331bWxcuAk...
Long Island Blockchain Tea Co.
www.cnbc.com/2017/12/21/l...
Guy who literally negotiated the CFTC event contract statute and implemented the first CFTC rule says no one intended state gaming law preemption.
Pretty obvious given the Senate Majority Leader, Harry Reid, was from Nevada.
www.barrons.com/articles/spo...
“The policies are all bent towards either serving industry or, worse, benefiting companies that Trump and his family have enormous financial interest in.” @csfrayer.bsky.social, director of investor protection at CFA.
The current bill lowers AML/BSA standards specifically for crypto
Iran is going to collect these payments in crypto.
If this does not underscore the absolute recklessness of the Senate undermining crypto regulation and enforcement, I don't know what it's going to take.
Some of the most vocal and critical Senators on both sides of the aisle regarding this threat are spending a lot of time with the crypto industry to hammer out a deal on crypto legislation.
You'd think they, and Majority Leader Thune and Minority Leader Schumer, would prioritize this.
I find it reassuring, the day Sean doesn't bring the biggest news back to settlement window or finreg I will feel completely unmoored from reality.
Let me know if you need a recommendation for a good therapist.
“It tells you everything you need to know that this #CFTC has now brought legal action against more state regulators than it has against #PredictionMarket operators.” @csfrayer.bsky.social
re: Iran Desalination, I'm sure someone smarter than me raised it already but an exhibit I once visited scrolled memos to Colin Powell warning of the dire consequences to the civilian population sanctions on water purification chemicals were having in Iraq
archive.globalpolicy.org/component/co...
As a former political appointee, gotta say it's surreal to be quoted in the same article as a guy you used to edit statements for.
www.bloomberg.com/news/article...
Rule #1 must be horrifying.
I did about three drafts trying to incorporate that extremely correct point but gave up when I couldn't make it quippy.
Of course, now I can think of like 17 ways after the fact.
"I'm in economics therefore I know everything" is the new "I'm in tech therefore I know everything."
Not that it hasn't been obvious for a long time, but a 'metal noose lapel pin' is about as clear an identifier that you're on the side of evil as it gets.
www.youtube.com/watch?v=ToKc...
One sentence reveals the motivation for DoL's rule gutting protections for all retirement savers.
The rule was purportedly about alternative investments like crypto and private credit but, "...the Department has decided not to limit the proposed rule to such funds."
www.dol.gov/newsroom/rel...
The other way to say this is that Mark Cuban refuses to start an ultra-profitable business and create high-paying jobs because he's annoyed about taxes.
Also - does Cost Plus Drugs use this compensation structure for its employees? And if not, why not?
finance.yahoo.com/economy/poli...
Little history fact or y'all, they meant to carve "Equal Justice Under Law, Except for the President" above the entrance to the Supreme Court but they just ran out of space.
www.nbcnews.com/politics/don...
We did this, it was called MERS and it almost broke the fundamental concept of land ownership.
Also worth considering that the President's stablecoin is now eligible collateral.
Maybe yellow traveling towards orange.