Crypto Could Barrel Us Into Another Financial Crisis
Recent reports from federal regulators warning about crypto’s volatility and lack of regulation echo alerts about the subprime mortgage industry before the 2008 financial crisis.
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Freddy Brewster is a freelance reporter and has been published in the Los Angeles Times, NBC News, CalMatters, the Lost Coast Outpost, and other outlets across California.
Recent reports from federal regulators warning about crypto’s volatility and lack of regulation echo alerts about the subprime mortgage industry before the 2008 financial crisis.
Kamala Harris stayed silent during the election as big Democratic donors attacked chief antitrust regulator Lina Khan — at the same time Khan’s agency launched an investigation into the employer of Harris’s brother-in-law and top advisor.
The Biden Justice Department just announced it is making it easier for corporate lawbreakers to avoid prosecution — even if they have committed multiple crimes, earned significant profit from their wrongdoing, and failed to self-disclose the misconduct.
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After pouring unprecedented amounts of money into races across the ballot this election season, the cryptocurrency industry will now have the most political influence it has ever had.
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