A showdown is brewing between the Republican-led House of Representatives and the Biden administration over how to pay for a military aid package to Israel. On Thursday night, the House passed a $14.3…
Tag: Reason Roundup
Israel Hit From All Sides
Rising death toll: Overnight, the number of deaths in Israel and Gaza rose to roughly 2,200, following Hamas’ surprise attack on southern Israel this past weekend that resulted in the massacre of civilians. In…
Poisonous Atmosphere
In the wake of the ouster of House Speaker Kevin McCarthy (R–Calif.), President Joe Biden called on lawmakers Wednesday to fix the “poisonous atmosphere in Washington” and get their act together. “We…
New Crypto Bill Aims To Circumvent SEC's Regulation-by-Enforcement Strategy
New bipartisan crypto bill would “create a federal regulatory framework.” Sens. Cynthia Lummis (R–Wyo.) and Kirsten Gillibrand (D–N.Y.) have introduced a proposal to regulate cryptocurrency, called the “Responsible Financial Innovation Act.” It’s…
FTX's Sam Bankman-Fried Used Customer Assets to Fund Political Donations, Says SEC
Disgraced crypto king faces criminal charges and SEC lawsuit. Sam Bankman-Fried, founder and head of the popular cryptocurrency exchange FTX, has been arrested in the Bahamas at the behest of U.S. prosecutors,…
New FTX CEO Describes 'Complete Failure of Corporate Controls' in Scathing Court Filings
The latest revelations about collapsed cryptocurrency exchange FTX show a company that was even more shambolically managed than was known or even thought possible. “Never in my career have I seen such…