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For years now, too many leaders, influencers, and gatekeepers in finance from Silicon Valley to Wall Road in addition to many in Washington both seemed the opposite means or blindly supported the crypto trade because it labored relentlessly to infiltrate our monetary system and rewrite the legal guidelines and guidelines to profit the trade. Nothing slows down this lawless however enormously worthwhile trade, not $2 trillion in losses, a number of bankruptcies, unstable stablecoins, dozens and dozens of lawsuits for mendacity, dishonest, and stealing, facilitating ransomware, cash laundering, and unlawful conduct of every type, and never even handcuffs for huge and stunning international crypto crimes.
These efforts will speed up on July 19, when the crypto trade converges on Capitol Hill for what it calls a Stand With Crypto Day to strain members of Congress to advance their favored laws. Because the trade races to get them to rewrite the legal guidelines and guidelines that shield buyers, prospects, markets, our monetary system and economic system, regulators and policymakers want to think about elementary questions on the way forward for crypto regulation.
Beginning July 17, Higher Markets will maintain a “Crypto Week of Reality” to make clear the trade’s failed guarantees and observe report of lawlessness, deception fraud and investor losses. Every day will characteristic unique content material and evaluation analyzing the basic points surrounding crypto.
- Monday: We’ll discover the regulatory debate round crypto and the legislation being written in Congress (extra info beneath) in a webinar.
- Tuesday: Highlights Crypto’s false claims a few “cryptoeconomy” and false guarantees about crypto’s advantages, together with its worth for deprived communities, and serving as a type of cost.
- Wednesday: Exposes crypto’s large affect marketing campaign, together with lobbying, the revolving door, and marketing campaign contributions.
- Thursday: Tells the story of crypto predators, lawbreakers, and crooks.
- Friday: Highlights the false and deceptive promoting by the trade and its spokespeople.
Higher Markets Current Crypto Sources
Letter: We wrote the management of the U.S. Home Committee on Agriculture and the Committee on Monetary Providers expressing issues with provisions in its Crypto Market Construction Dialogue Draft (7/12/23)
Fact Sheet: Our reality sheet argues that Congress should fastidiously think about the observe report of stablecoins, and their impression on the monetary system earlier than adopting measures that might legitimize this harmful nook of the crypto market. (5/17/23)
Fact Sheet: Forward of Congressional hearings on the way forward for crypto regulaiton, our reality sheet defined that the primary precedence needs to be the crypto trade complying with present safety legal guidelines. (4/27/23)
Fact Sheet: Setting the report Straight on Crypto, FTX and Sam Bankman-Fried, and Monetary Regulators (3/8/23)
Press Release: Forward of a Senate Agriculture listening to on CFTC Oversight Higher Markets launched key questions for the CFTC Chair to reply in regards to the company’s function in crypto oversight and regulation. (3/7/23)
Report: In a examination of the SEC’s work on crypto, our staff particulars the details of what the SEC has really performed and why it has been as efficient as doable beneath the circumstances. (1/24/23)
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