Bloomberg Markets Americas. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
Ultimate Fighting Championship has long dominated the world of mixed martial arts. But UFC’s effort to swallow up competitors has triggered a class action by fighters who claim it’s abusing its power. Now a key court victory threatens the organization’s very business model.
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Bond Traders Are Declaring the Death of Forward Guidance
Verizon Cuts Broadband Price to $25 a Month for Mobile Customers
What It Would Take for Jack Ma’s Ant to Reboot an IPO
FTC Is Scrutinizing Labor Impact of Microsoft-Activision Merger
Third of Sudan Faces Hunger as Climate, Ukraine War Add to Risks
Myanmar Bans Car Imports to Shore Up Foreign-Exchange Reserves
Ray Dalio’s Bridgewater Builds $5.7 Billion Bet Against European Stocks
China-Hong Kong Wealth Link’s Slow Start Blamed on Travel Limits
Beyoncé Announces New Album ‘Renaissance’ to Drop July 29
The Pre-War Car Market Is Thriving. Caroline Cassini Knows Why
Can Revlon Be Saved With a Surge in the Lipstick Index?
Biden Should Show Iran What ‘Plan B’ Looks Like
Bank of England Joins the Scream-If-You-Wanna-Hike-Faster Gang
Americans Have an Uneasy Feeling, and Inflation Is a Big Reason Why
Mexico’s Covid Response Led to the Deaths of New Mothers
The Last Bear Market Was Short-Lived. This One Feels Different
Walgreens Aims to Add Diversity to Drug Trials Through Stores
Tokyo Passes Ordinance to Recognize Same-Sex Partnerships
Toronto Police More Likely to Use Force Against Black People
Ferrari Vows Electric Shift Won’t Eat Up Its Luxury Margins
Giant Airships Set to Cruise Europe’s Skies in Push for Cleaner Travel
Without Commuters, US Transit Agencies Are Running Out of Options
As US Road Deaths Rise, France Is Safer Than Ever. Why?
Block to Give Up San Francisco Office in Blow to City’s Revival
Buckle Up: Where Does Crypto Go From Here?
Ethereum Mining Is Going Away, and Miners Are Not Happy
Crypto Rally Reverses as Post-Fed Mood in Global Markets Sours
A blueprint for regulation runs roughshod over the desires and interests of people building or using crypto services.
Crypto deserves better.
Photographer: Archive Photos/Getty Images

Two US senators, Republican Cynthia Lummis of Wyoming and Democrat Kirsten Gillibrand of New York, unveiled last week a 69-page blueprint for regulating digital assets. Although the rough draft is unlikely to result in any legislation until 2023 or later and is certain to be modified, its fundamental premise represents a bipartisan consensus in Washington. In the words of the senators, “it’s important to create guardrails,” to which they added, “while also allowing room for innovation to flourish.”
But you only build guardrails after choosing the path. The only “room for innovation” is to change lanes within the guardrails or to pick a speed between the posted minimum and maximum. No innovation is allowed in the direction, path or destination.


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