Serving economic news and views every morning.
Analysis on the underemployment number in the monthly jobs report.
At least one search term must be present.
At least one search term must be present.
The Daily Dish
July 29, 2022
Thomas Wade
Why is fintech like teenage drinking? It’s all everyone seems to talk about, everyone pretends they’re doing it, and yet so many get hazy when pressed on the details.
As will surprise no long-time Eakinomics reader, nowhere is that lack of understanding more apparent than in Washington. In Washington’s defense, the fintech discussion covers a wide range of topics, from the frothiness and apparently still severe potential for volatility in the crypto markets, to a government-released, federally backed digital U.S. dollar, to the environmental implications of crypto mining. But Washington can only be forgiven to a point, and federal regulatory oversight of the market is so underdeveloped that it is far too generous to describe the landscape as one of regulatory gaps when it is nearly impossible to find stable ground at all. Instead we see only a patchwork of partial and inconsistent rulemakings emerging from the federal financial regulators.
It is for this reason that AAF is now tracking significant regulatory, policy, and market developments in cryptocurrency and digital asset markets. Join us as we follow the development of crypto policy from Congress, the federal agencies, and internationally, as we chart trends in focus from stablecoins, central bank digital currencies, to cryptocurrency crime.
The tracker also follows significant developments at the state level, as legislatures in California, Wyoming, and Arizona blaze a trail in the absence of Congress. Perhaps that’s the final similarity between fintech and teenage drinking – for now, your familiarity with the subject probably varies greatly depending on the state you’re in.
Disclaimer
Since January 1, the federal government has published rules that imposed $98.1 billion in total net costs and 79.3 million hours of net annual paperwork burden increases.
Thomas Wade is the Director of Financial Services Policy at the American Action Forum.
July 28, 2022
The Daily Dish
Tori Smith
Policy agreement between proponents of free trade and Senator Bernie Sanders is uncommon to say the least. Yet the now-dubbed “CHIPS+” bill (HR 4346)…
July 27, 2022
The Daily Dish
Gordon Gray
When a celebrity ascends to the level of icon, they often lose a surname or given name along the way and are simply known as “Oprah,” “Drake,”…
July 26, 2022
The Daily Dish
Jackson Hammond
It’s hard for the Biden Administration to point to any real wins these days. Gas prices, inflation, baby formula, Supreme Court rulings, the total collapse…
July 25, 2022
The Daily Dish
Dan Bosch
The past few weeks have been rough for President Biden when it comes to addressing climate change. On June 30, the Supreme Court ruled that a broad…
Thomas Wade is the Director of Financial Services Policy at the American Action Forum.
Privacy Policy
The American Action Forum is a 21st century center-right policy institute providing actionable research and analysis to solve America’s most pressing policy challenges.
Related Posts
