My colleagues in Congress are making a mistake advancing these crypto bills
I told you so.
Believe it or not, as an elected official, I hate saying those four words. Not because I don’t like being right, but because when the moment comes to say them, it usually means that something has gone terribly wrong. It also means other elected officials and policymakers were warned and chose to ignore that warning and move ahead anyway.
We warned them about the risks of tearing down the barriers between commercial and investment banking, and of deregulating regional banks. But those warnings were ignored, those bills became law, and when it all came crashing down, everyone was quick to point fingers, but not at themselves. Now, I’m sounding the alarm about the risks of pending crypto legislation, which will open the…
