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LPE Originals

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

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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.
LPE Originals

Inside the Failure to Regulate Stablecoins

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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.
LPE Originals

The Anarchist Currency with a Government Sponsor

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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.