Corey Frayer
@csfrayer.bsky.social
Demonstrably less delusional than Mark Cuban. Director of Investor Protection - Consumer Federation of America. Former: Crypto Adviser to Gensler SEC. House and Senate Banking Committees.
I always feel the need to spread props for @alexisgoldstein.bsky.social when I see student debt forgiveness wins.
Tressie McMillan Cottom@tressiemcphd.bsky.social · 5h agoCongratulations to everyone who worked their asses off for something that any semi-decent and ultimately self-interested government should have done in penance www.nytimes.com/2026/08/03/b...
I'm curious to know if this goes beyond datacenters which give a name and visceral physical representation of big tech encroaching on our lives and politics? ie - clearly the datacenter pushback is sustainable on its own specific issues but is it also the flashpoint for a broader tech backlash?
Tressie McMillan Cottom@tressiemcphd.bsky.social · 4h agoI’ve been screening our documentary with organizing communities in the South. So far, the organizers mention data centers first at every single event. From racial justice orgs to old school activists who don’t usually think about tech policy. This has legs.
The only problem this creates for me is what do I do with all the time I don't have to waste batting back forced adoption
Alexander Glass@alexanderglass.bsky.social · 11h agoI have one answer.
In addition to being a corporate dodge, this is really the biggest blow that could happen to a fundamental principle of crypto. The maximalist, airtight way to use crypto is self custody and a cold hardware wallet built on auditable open-source software. That just proved to be vulnerable as well.
Ivan the K ™@ivanthek.bsky.social · 5h agoHacked Bitcoin Wallet Maker Warns AI Failed to Detect Bug Fine line between *warning* and *blaming* here. In either case, this is undercovered, IMO.
A unique talent of the WSJ Ed Board is being both exceedingly dumb but a little correct at the same time. Crypto Senators have officially lost the WSJ. (Obligatory sarcastic "bullish for crypto") www.wsj.com/opinion/clar...
Opinion | Clarity for Crypto, Sort Of
The Senate bill to regulate the digital currency needs changes to reduce risks to the financial system.
wsj.com
Due to a bitcoin cold wallet hack, cryptobros are having a huge fight over how scams and fraud are handled by credit/debit card issuers. They think refunds are optional and banks do it as a competitive customer service. Not one mention of the federal laws like EFTA and FCBA that require it.
This is one of those things that will be characterized as wildly outside political possibility even though I don't know a singly person who doesn't believe that the basic insurance model has become not paying out claims to policyholders.
Moira Birss@moira.bsky.social · yesterdayPrivate insurers have financial incentives to withhold claims payments, cuz they can make interest or investment income during the wait. Meanwhile, households are stuck with damaged homes. Yet another reason we need a public good approach to home insurance! www.thecooldown.com/green-busine...
Seems like this guy has a good case to make that using his government position to illegally make money with crypto is exactly what the leader of the executive branch expected of him in the first place.
Bloomberg News@bloomberg.com · yesterdayThe agent allegedly turned himself in for stealing about $1 million in cryptocurrency from foreigners the agency was investigating, according to an FBI affidavit. Read more: bloom.bg/4wzaDgl 📷️: Aaron Schwartz/Bloomberg
I thought we already did "the leg is a social construct" yesterday
post malone ergo propter malone@proptermalone.bsky.social · 2d agoa question that is bitterly dividing my household: are feet part of the leg?
There is "a" strain this stark but I think the (valid to point out) mainstream strain of this is more nuanced. But overall agree. Worth context that it's a reaction to Sunstein "nudge" theory that cost us huge advances in consumer protection we could have made under the Obama Administration.
Amanda Mull@amandamull.bsky.social · 2d agothere is a strain of lefty discourse where you can’t come to any unflattering conclusions about the populace—those must be explained away by how they are being acted upon by capital—but I think you’ll understand things better if you understand capital can also exploit weaknesses it didn’t create
Bloomberg Ed Board on Complex ETFs is worth a read. One criticism - not every financial product that can exist should. We can just ban them outright. www.bloomberg.com/opinion/arti...
Leveraged ETFs Need to Be Reined In
As always in financial markets, buyer beware: The almost $16 trillion US exchange-traded fund industry, best known for providing retirement savers with an easy and low-cost way to gain broad stock mar...
bloomberg.com
Somehow I managed to underestimate how incredibly unpopular crypto is. After just a couple years they outrank oil companies, Wall Street and data centers. The Senate is only considering a crypto gift package for campaign money. Crypto remains the corruption GOAT. www.semafor.com/article/07/3...
Exclusive: Democrats circulate anti-crypto poll ahead of vote
The poll found that voters in Democratic primaries view crypto less favorably than oil companies; Wall Street; or data centers.
semafor.com
CFA's Tech Newsletter - Everything that annoyed us about AI, big tech, crypto and Elon Musk this week. eyeontech.substack.com/p/walking-an...
Walking and Chewing Gum on the Scourge of AI Scams
Plus, Crypto + AI Bros keep Crypto + AI Bro-ing
eyeontech.substack.com
I'm not saying Brian Armstrong's change of heart from blowing up the CLARITY Act in January to urging its passage now is because he's been hemorrhaging money and crypto prices have tanked. I'm just saying he's an egomaniac and a moron. finance.yahoo.com/markets/cryp...
Crypto exchange Coinbase logs third straight quarterly loss on trading slowdown
Coinbase Global posted a third straight quarterly loss on Thursday as a prolonged downturn in cryptocurrency markets dented its trading volumes, sending the digital-asset exchange's shares 5.3% lower...
finance.yahoo.com
The part that Coinbase lost on here, though nominally small, is very consequential & seems to parallel Torres/Ripple. No wonder Coinbase is going to "vigorously defend" the .03% tokens Coinbase sold to customers. They're securities. www.reuters.com/business/coi...
Coinbase beats much of customer lawsuit over US token sales
Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or b...
reuters.com
Strava: great run! your fitness is trending in the right direction! keep it up! Garmin: you're running too much and you're slow, idiot.
You'd think that the Senators from New York would unconditionally have AG James's back on aggressively holding the President and his crypto businesses accountable. Instead they're trying to kneecap her authority with the CLARITY Act.
Zach Everson@zacheverson.com · 7d agoTestimony Monday from NY AG Letitia James before the US Senate Committee on Homeland Security cited my reporting about Binance being the largest holder of Trump's USD1 stablecoin.
Testimony Monday from NY AG Letitia James before the US Senate Committee on Homeland Security cited my reporting about Binance being the largest holder of Trump's USD1 stablecoin.
ag.ny.gov
The best paper I've ever read on financial regulation is about dogs and frisbees and worth revisiting whenever thinking about financial crises - AI or otherwise. www.bis.org/review/r1209...
This debate is important it helps us hash out ideas and focus efforts. This debate is academic and stakes are not - we should act as if massive crisis regardless. This is one financial threat among many concurrent threats. No matter who's *right*, it's happening and will be extremely consequential.
Nathan Tankus@nathantankus.bsky.social · 6d agoNEW @crisesnotes.bsky.social PIECE: In this piece I critique a recent piece from @edzitron.com comparing the AI(LLM) boom to the "Subprime" Mortgage Crisis (and implicitly the GFC of 2007-2009). The ? is:"How big of a macrofinancial threat is the AI(LLM) Boom?" www.crisesnotes.com/sigh-no-ed-z...
🎶Mommas, don't let your cornfields grow up to be server farms...🎶 www.rollingstone.com/music/music-...
Country Music Is Coming Out Strong Against Data Centers
Willie Nelson, Brad Paisley, Tanya Tucker are among the country artists speaking out against data centers in both rural and urban communities.
rollingstone.com
I hesitate to read this because I wouldn't be surprised if The Economist extolled some of the virtues of financial fraud as having an important role in a truly free market.
Zach Everson@zacheverson.com · 6d agofinally some good news 🎁🔗
Anybody here do constitutional law and can explain to me how State AGs would be able to force the DoJ to do anything to the President, even setting aside prosecutorial discretion?
This is an insane hagiography one of the biggest crypto scammers of all time who got what he paid for with this Trump crypto investment - his investigation by the SEC dropped. He's "a little shady"? How did this even make it past the editors? Who is this reporter?
WeWasWarned@wewaswarned.bsky.social · last wk.“Anyone I know that got involved with the project just did it because they knew Trump was enough of a crook to not let this fail,” says the longtime crypto investor who did not invest. “That anybody could be surprised by what has happened is the only shocking part.”
sn't it at least a little weird that lettuce prices rose through June despite sales falling after the cyclospora outbreak cases starting May 13? I thought the whole argument for deregulation was it makes things cheaper. Is it a premium on diarrhea-lettuce? fred.stlouisfed.org/series/APU00...
Average Price: Lettuce, Iceberg (Cost per Pound/453.6 Grams) in U.S. City Average
Average Price: Lettuce, Iceberg (Cost per Pound/453.6 Grams) in U.S. City Average
fred.stlouisfed.org
Congress shouldn't trade stocks on insider information but I have to admit six members losing about 50 grand among them because they bought the SpaceX IPO is pretty funny. www.cnbc.com/2026/07/28/s...
SpaceX stock-purchasing by Congress members fuels conflict concerns
Five of the Congress members serve on committees whose work touches SpaceX's federal contracts, defense programs, AI, telecommunications or securities markets.
cnbc.com
Yet again, Austin Campbell who ran Binance's stablecoin is allowed to launder his reputation talking about Binance issues with no disclosure. First 60 Minutes, now on John Oliver. Otherwise, great watch. youtu.be/A9iZ10yIRwM?... @lastweektonight.com
Trump & Crypto: Last Week Tonight with John Oliver (HBO)
YouTube video by LastWeekTonight
youtu.be
Crypto has become everything it claims to hate about finance but worse. Unlike traditional industry, they also use their political clout to press for far right social policies. You can't understand crypto without understanding its politics. prospect.org/2026/07/24/c...
Crypto Boosters See a Lack of CLARITY - The American Prospect
After spending hundreds of millions on Congress to advance their market structure bill, the CLARITY Act, the crypto industry faces one giant obstacle: Donald Trump’s corruption.
prospect.org
“At the end of the day, the #Crypto industry is as much a political movement as it is a #Financial movement,” said @csfrayer.bsky.social. And right now, a lot of crypto’s #Political power comes from their relationship with Trump.
Crypto Boosters See a Lack of CLARITY - The American Prospect
After spending hundreds of millions on Congress to advance their market structure bill, the CLARITY Act, the crypto industry faces one giant obstacle: Donald Trump’s corruption.
prospect.org
