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Downgrading the Bank Secrecy Act is a Powerful Reform for Bitcoin

in Bitcoin Bitcoin Policy Institute on Share

Reforming the Bank Secrecy Act would empower Bitcoin innovation, protect user privacy, and foster a better balance between regulatory compliance and financial sovereignty. Though Bitcoin was born in the world of computers and code, it was destined to eventually face-off with the legacy banking system. The first block ever mined on the blockchain, Satoshi’s Genesis block, contained a (then) recent headline from a British newspaper…

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Oops, your data’s been exposed. What can you do?

in Consumer Choice Center on Share

This week, I received a letter from an employer of mine from when I was in high school, a local car wash. It turns out there was a “data breach” that resulted in “unauthorized access” to my social security number. Millions of Americans receive letters like this each year. Usually, the company will offer free access to a credit monitoring service, allowing individuals to see if any…

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Diddy Will Face Justice, but This Legal Tactic Needs Reform

in American Spectator on Share

After Texas trial attorney Tony Buzbee took to a podium in October to reveal he had gathered 120 victims to sue Sean “Puff Daddy” Combs, it unleashed a flood of more allegations against the billionaire rapper and record executive. There are now close to two dozen civil lawsuits pending against Combs in both federal and state courts, along with his criminal indictment for sex trafficking, assault, and a host of other…

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Europe can’t achieve AI prosperity on the data of others

in EU Tech Loop on Share

If you’ve heard anything from the swanky flag-draped corner offices in Brussels, you know the EU wants “in” on the AI arms race. It’s been an obsession of the Commission and related bodies. Now that the AI Act is at least partly in force, and the European AI Office is beefing up its staff to help implement the regulations cross the continent, the practicalities of the EU’s regulatory project…

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The Biden DOJ doomed Spirit Airlines with its antitrust polices

in Interviews Videos on Share

Consumer Choice Center Deputy Director Yaël Ossowski is interviewed on Schwab Network to discuss the looming bankruptcy of Spirit Airlines, and how the Biden administration’s antitrust and competition policies have precipitated its downfall. If we want more airline competition, we should look to repealing cabotage laws and boosting the ability for global airlines to serve US domestic travelers.

Open-source is for everyone, even your adversaries

in Consumer Choice Center on Share

Last week, an investigation by Reuters revealed that Chinese researchers have been using open-source AI tools to build nefarious-sounding models that may have some military application. The reporting purports that adversaries in the Chinese Communist Party and its military wing are taking advantage of the liberal software licensing of American innovations in the AI space, which could someday have capabilities to presumably harm the United…

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Self-custody is Nonnegotiable

in Bitcoin Bitcoin Policy Institute on Share

In the corridors of power in board rooms, lecture halls, and legislative chambers, Bitcoin is no longer an enigma resigned to just technology or economics enthusiasts.  After a decade of gradual adoption, Bitcoin is an innovation invoked in political debates, presidential speeches, quarterly earnings reports, and is now the most recognized “crypto” by anyone with an Internet connection. And as adoption has grown, the ecosystem…

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Lawfare is bleeding the economy

in The Countryman The West Australian on Share

It’s perplexing that Australian policymakers would roll out the red carpet for those who oppose the resources sector — the very industry that drives and powers national prosperity. Why kneecap your own champions that fund your successful industry? The single most egregious example of this economic self-harm is so-called “lawfare”; the gaming of the legal system to stop Australian resource projects in their tracks and…

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Lina Khan’s Partisan Pivot Should Be the Beginning of Her End

in Townhall on Share

Democratic candidates are crisscrossing the country to garner support before November’s elections. Joining campaign events alongside the likes of Senator Bernie Sanders, Democratic Rep. Ruben Gallego, and Rep. Raja Krishnamoorthi will be an unlikely star and supposedly independent federal employee, Federal Trade Commission (FTC) Chair Lina Khan.  Khan is due to travel to Austin, Chicago, and Arizona to stump for Democratic candidates, trumpet her antitrust record at…

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