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Game Over: The End of Financial Regulation as We Knew It
Game Over: The End of Financial Regulation as We Knew It

Game Over: The End of Financial Regulation as We Knew It

Many on the left continue to view cryptocurrency as little more than a grift. Yet the crypto industry aims to achieve something much more dangerous: functional monetary sovereignty. Their infrastructures create new conditions for exchange, wealth, and information. By ignoring these developments, we increasingly live in a dystopian world of monetary fiefdoms, and we find ourselves lacking the legal imagination to meet the moment.

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Beginning with Empire

U.S. attacks on alleged drug trafficking boats in the Caribbean have been widely condemned for violating international law. Yet much of this criticism, by focusing narrowly on the Trump administration’s military excesses, risks repeating a familiar mistake: debating how the United States wages war while leaving unquestioned why it wages it at all.

The Anarchist Currency with a Government Sponsor

Despite its professed commitment to radical libertarianism and a non-state theory of money, the crypto industry is actively cultivating government intervention in markets on its behalf. From recruiting states to accept cryptocurrency for tax payments to pushing for the establishment of a Bitcoin reserve, crypto interests are partnering with the government to craft demand for currencies that hardly anyone uses.

LPE 2.0: A New Association to Meet the Times

As the Trump administration attempts to suppress critical inquiry and operate outside of conventional legal boundaries, the work of LPE scholars, organizers, and practitioners has never been more important. Join us in building the Association of Law and Political Economy (ALPE), a new membership-based organization for LPE work.

When Nature is Worthless

Under capitalism, the social domination of nature occurs through and is mediated by the commodity form. Certain portions of non-human nature can be valued, but only when they are transformed into commodities in the course of the capitalist production process. Other portions are not even commodifiable; the biological and physical processes subtending our existence are largely illegible to capitalist subjects qua capitalist subjects, and so are ignored or disdained even as they collapse.

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Inside the Failure to Regulate Stablecoins

From legislative paralysis to regulatory fragmentation to strategic incoherence, Democrats have spent the past five years squandering opportunities to assert control over the future of digital currencies. To reverse course, progressives need to embrace a coordinated approach that balances innovation, privacy, and systemic risk.

Weekly Roundup: Dec 20

Rohan Grey and Amanda Parsons on the law and political economy of cryptocurrency, Sandeep Vaheesan on antitrust reform as an instrument for democratizing economic life, Zohra Ahmed and Madiha Tahir on the Trump administration’s escalation against Venezuela, and Quinn Slobodian on the dim prospects of centrist post-neoliberalism. Plus, a “freedom from. . .

Why Antitrust Reform Matters

In the recent exchange between the Marxists and the antitrusters, much of the disagreement has turned on different understandings of the project of antitrust reform. What is its animating goal? Is antitrust a substitute or complement to other forms of regulation? And how does antitrust relate to broader political movements? Identifying rival stances that. . .

Weekly Roundup: Dec 12

A call to join the ranks of the Association for Law and Political Economy, an interview with Bench Ansfield about the business of arson, and a new entry by Amna Akbar in our symposium on Free Gifts. Plus, Andrew Elrod and Marshall Steinbaum lay out a vision for rebuilding higher ed, Katie Wells and Lindsay Owens examine algorithmic pricing at. . .

Facing the Limits

In Free Gifts, Alyssa Battistoni explores capitalism’s persistent failure to value the natural world. Yet the lesson of this exploration is much broader: that capitalism imposes fundamental limits on our collective freedom.