• Regulation,  United States

    What Gensler role in Long Term Capital Debacle Tells us about his war on crypto

    25th anniversary occasions a look at SEC chair’s small part

    This is the 25th anniversary of the September 1998 collapse of Long-Term Capital Management. That was one of the most stunning events in Wall Street history, as the firm allowed its leverage to grow to more than 100 to 1. But it was shocking beyond the sudden evaporation of $4 billion in value—that was a lot of money 25 years ago— but also because the firm had been put together specifically on the basis of its supposed genius for understanding and managing risk. The firm was dominated not by great traders but by intellectual supermen, including Robert Merton and Myron Scholes. Merton and Scholes had won the Nobel prize just…

  • Modern Consensus 100 Most Influential People in Crypto 2021
    Crypto Power Lists

    The Modern Consensus 100 Most Influential People in Crypto 2021

    The individuals moving, shaking, and shaping cryptocurrencies and blockchain technology right now

    Coming up with a list of the 100 most influential people in crypto and blockchain is hard in any year. But doing it in 2021 is particularly difficult as the industry advanced from moving into the mainstream to actually being in it. And that makes “influence” a moving target.

  • Ripple kills Michael Barr Comptroller Currency
    Regulation,  Ripple

    Ripple advisor’s crypto connections kill appointment as banking regulator

    Former Ripple Advisory Board member Michael Barr was too moderate and pro-crypto for progressives who blocked his nomination as Comptroller of the Currency

    Barr was seen as part of a trio of crypto-friendly financial regulators nominated or under consideration by the administration of President Joe Biden. Former MIT digital asset and blockchain professor Gary Gensler is in the process of being confirmed as chairman of the Securities and Exchange Commission (SEC), while DC Fintech Week conference head Chris Brummer is said the be the choice to lead the Commodity Futures Trading Commission (CFTC).