Elizabeth Warren Ditches Consumer Welfare In Support of Big Banks

Sen. Elizabeth Warren (D-Mass.) loves to cast herself as the ultimate public defender of consumers and the arch-nemesis of bankers on Wall Street.  However, with her recent record opposing popular mergers and shutting down regulatory reform for Bitcoin and its crypto-offspring, Warren has sided more with the major banks rather than new players that stand […]

In Pursuit Of “Corporate Transparency,” A Mass Doxxing Of LLCs Puts Financial Freedom And Privacy At Risk

Beginning this year, any individual with shares in an American domiciled company will be required to submit identifying information to FinCEN. This record collection from the US Treasury Department’s Financial Crimes Enforcement Network is intended to “curb illicit finance” by requiring a national database of every “beneficial owner” of an LLC. As stipulated by the Corporate Transparency Act, passed by Congress in […]

The Consumer Financial Protection Bureau May Be Legal, but It’s Past Its Prime

The Supreme Court recently delivered a decision on the constitutionality of one of the federal government’s most peculiar and least understood agencies, the Consumer Financial Protection Bureau. Unlike the Fifth Circuit Court, which earlier ruled that the agency’s unique funding model violates the Constitution, Justice Clarence Thomas argued in the majority opinion the government’s funding of the CFPB “satisfies […]

Open Source Arrests: US Officials Sour on Biden’s War on Privacy

Biden is waging war on financial privacy, and not everyone is happy. The last several weeks have weighed heavily on those in Bitcoin who use privacy tools and software. Between the ceremonious arrests across two continents, Justice Department press releases, FBI warnings, and souring mood in Washington, many popular services for both sovereign and private […]

The feds are trying to stifle Bitcoin and crypto with draconian new regulations

Should regulations aimed at halting the financial activity of alleged criminals and terrorists be vastly expanded to include cryptocurrencies and firms that use them? Could this potentially harm entrepreneurial spirit and consumer freedom to deal in digital assets? Those were the questions asked this week in Washington as officials from the Treasury Department seek new […]

Litigation Finance Exposes Our Judicial System to Foreign Exploitation

Now that Congress has come to its senses about a forced divestiture plan to uncouple TikTok from the Chinese Communist Party, we’d be remiss not to explore other examples of how powers such as China influence American institutions. Let’s look at our justice system. In a handful of local court cases around the country, a Shenzhen-based firm has been […]

The Fed’s Transaction Fee Cap Will Cost Consumers More Than They Realize

Could your free checking accounts, rewards, and cash-back programs be axed by the Federal Reserve? Late last year, the Federal Reserve proposed a rule to lower the cap on transaction fees businesses pay to financial institutions on every debit card swipe, also known as “interchange fees.” These are the small fees that banks and credit unions charge […]

Climate lawyers could control the future of American energy, not consumers

When we think of American energy, we conjure up images of oil drillers, refineries, pipelines, and end products we put into our cars or the plastic products we use daily. There are millions of jobs and billions of products sourced from energy production that make our society abundant and wealthy. That’s especially true today under […]

Forcing TikTok’s divestiture from the CCP is both reasonable and necessary

Washington, D.C. – Yesterday, a bipartisan group of US House legislators introduced a bill that would force ByteDance Ltd. to sell its US version of TikTok or face massive fines and federal investigations. This would have big ramifications for the video-sharing app, which is estimated to have over 150 million users in the US. In practice, HR7521 designates the popular […]