Crypto Won Big in the 2024 Election
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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The Crypto Industry’s 2024 Election Spending Spree
Pro-crypto candidates in the 2024 election cycle are enjoying a major funding boost from the $2.5 trillion cryptocurrency industry, which is fighting hard to reverse regulatory measures put in place by government agencies like the SEC.
Crypto Finance Is a Speculative Scam That’s Worsening the Instability of Global Capitalism
Advocates of crypto claimed that it would liberate ordinary people from the constraints of big finance and state-backed money. In reality, it’s become a vehicle for high-risk financial speculation, with the same narrow elite harvesting the gains.
Crypto Is Making Everything Worse
There’s lots of breathless chatter out there about how cryptocurrency will reshape the world. But the truth about crypto is simple: capitalists are using it to get rich and screw the rest of us.
There Is No Leftist Case for Crypto
Most of us sense cryptocurrency is a scam. But some boosters claim progressives shouldn’t abandon crypto. Examine those claims closely, however, and you won’t find much — perhaps because there really isn’t an argument for crypto from the Left.
After Sam Bankman-Fried’s Downfall, the Entire Crypto Fantasy Is Rapidly Unraveling
The next time a speculative bubble is massively inflating around a fancy new asset like cryptocurrency and financial carnival barkers are screaming it will change everything, remember Sam Bankman-Fried and how quickly all of his promises proved to be bullshit.
Is This the Beginning of the End for Crypto?
Cryptocurrencies like Bitcoin took huge nosedives this week. Unfortunately, we aren’t living through the end of crypto — but hopefully the talk of it being the money of the future that will make us all rich has been shown to be lies.
The Rot of the Crypto Economy Goes Deeper Than Sam Bankman-Fried
Once-celebrated crypto mogul Sam Bankman-Fried is now sitting in a Brooklyn jail cell, awaiting trial for several counts of fraud and money laundering. But the scammy Silicon Valley capitalism he represents isn’t going anywhere.
Crypto Is Coming for Your Retirement Plan
The cryptocurrency exchange FTX recently collapsed in spectacular fashion. Yet a lawsuit linked to the exchange is currently attempting to force crypto into the retirement market.
No, Crypto Isn’t Helping Ukraine
In times of war, stocks in weapons companies have always been a safe investment. Russia’s invasion of Ukraine has shown that wars are also a big opportunity for crypto bros — another group of disaster capitalists profiting off other people’s misfortune.
California Governor Gavin Newsom Is Giving the Crypto Industry Free Rein
Last September, California governor Gavin Newsom vetoed a bill that would have imposed rules and transparency on the state’s largely unregulated cryptocurrency industry. The move came after the crypto industry spent more than $400,000 on lobbying Newsom.
Crypto Champion Sam Bankman-Fried’s Road to Ruin Leads Straight to Capitol Hill
Sam Bankman-Fried, founder of FTX cryptocurrency exchange, rose swiftly as a Democratic mega-donor, rubbing shoulders with elites as he lobbied for crypto-friendly regulation. With FTX collapsing now, it’s clear his politicking demanded scrutiny long ago.
All In at the Crypto Casino
How America got high on the crypto bubble — and lost it all.
How Republicans Fell in Love With Crypto
Donald Trump’s embrace of cryptocurrency, which is dominated by the most reactionary and stupid representatives of the tech industry, has made it a partisan issue. But it might turn out to be a misstep.
The Cryptocurrency Industry Is Cozying Up to Lawmakers in Washington
The blockchain industry is coming under increasing scrutiny — but that isn’t stopping crypto interests from enlisting allies in Washington’s halls of power.
FTX Convinced Poor People Their Money Was Safe in Crypto. It Wasn’t.
Many low-income people invested in the now-disgraced crypto exchange FTX. That’s because the exchange allegedly targeted poor and underbanked people and convinced them that FTX was just as safe as a regular bank.
Crypto’s Hype and Promises Were Based on Lies From the Very Beginning
As usual with the tech industry, cryptocurrencies weren’t just sold as a risky investment — they were framed as a social good. Now that the crash has ruined lives, those who promised societal transformation through crypto should be held accountable.
Football Is Sinking in Crypto Snake Oil
Some of the world’s biggest football clubs are using their supporters’ loyalty to sell them blockchain assets, “fan tokens,” and NFTs. The crypto takeover of football promises to empower supporters — but in truth, it’s just marketing fluff for a web of pyramid schemes.
Crypto Swindler Sam Bankman-Fried Has Scored a Big Win From Behind Bars
Years of efforts by crypto interests — most prominently, Sam Bankman-Fried — to deregulate the industry have finally paid off. Last month regulators at a small federal agency allowed a cryptocurrency firm to vertically integrate, endangering customer assets.
The Sam Bankman-Fried Trial Is a Perfect Emblem for the Crypto Scam Economy
Former FTX head Sam Bankman-Fried is now on trial for massively defrauding his company’s customers and lenders. The lurid web of lies the trial is uncovering strengthens the case that crypto is a giant scam.