Confronting the Crypto Challenge: Learning From a Meltdown Featuring Senator Elizabeth Warren
Until the collapse of crypto exchange FTX, crypto enjoyed a halo of legitimacy as a reputable area of innovative finance, despite being almost pure speculation, attracting scams and Ponzi schemes, and facilitating money laundering and unlawful activity. As rivers of crypto money flowed into Washington, the industry gained political influence on both sides of the aisle. However, a handful of progressive policymakers, including Senator Elizabeth Warren, warned of the dangers of these highly speculative and volatile instruments, while Securities and Exchange Commission Chair Gary Gensler took an aggressive approach to ensuring they did not pose a risk to the broader financial system.
On January 25 at 1:30PM ET, join the American Economic Liberties Project and Americans for Financial Reform (AFR) for a virtual event featuring remarks from Senator Elizabeth Warren on what we can learn from the rise and fall of the crypto industry.
We’ll also be joined by panel of experts including Cornell University Professor of Law Saule Omarova, American University Professor of Law Hilary J. Allen, Economic Liberties’ Matt Stoller, and Demand Progress & AFR’s Mark Hays to explore the important questions facing policymakers moving forward.
Sarah Miller, Executive Director, American Economic Liberties Project