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Money in this internet age is an engineering problem, and Bitcoin is the engineered solution to it.| Caitlin Long
Throughout U.S. history, states could charter banks without federal government permission. Recently that changed when federal bank regulators stealthily voted to give themselves a veto over certain state banks. They did so by purporting to exercise “discretion” to decide which state-chartered banks can open an account at the Fed, through which banks join the U.S.…| Caitlin Long
Fintechs have been waiting for years for a U.S. federal payments charter, which has been tried and blocked twice. But a newly disclosed precedent reveals such a charter already de facto exists – and in more than half of the 50 U.S. states, no less. Courts will determine the degree of the charter’s traction in…| Caitlin Long
Amid the current financial panic, calls for “safe banks” are once again pouring in – but this time they’re coming from mainstream voices like Harvard Business Review, Silicon Valley entrepreneurs/podcasters, macroeconomic analysts, the CEO of biotech company, and individuals on social media. All such calls echo a similar sentiment: why can’t my money in the…| Caitlin Long
It is not partisan to clean up crypto fraud. It’s the right thing to do.| Caitlin Long
Hi everyone—a professional update. I’ve resigned from the Wyoming Blockchain Task Force, choosing to end nearly two years of volunteer work as I consider starting a proper job again. My resignation is mostly a formality, since the Blockchain Task Force actually concluded its work in September and it won’t be renewed (it’s actually “growing up”…| Caitlin Long
Last week the financial system ran out of cash. It was a modern version of a bank run, and it’s not over yet. Stepping back, it reveals two big things about financial markets: first, US Treasuries are not truly “risk-free” assets, as most consider them to be, and second, big banks are significantly undercapitalized. The…| Caitlin Long
Howdy from Laramie on the day after the Wyoming Blockchain Stampede ended! Here are a few highlights to go along with this short video (no sound). Enjoy it! Kids Rule: I was blown away when the 13-year old CEO of Pocketful of Quarters, George Weiksner, explained the limits of an SEC no-action letter that his…| Caitlin Long
The Senate Banking Committee staff reached out last week regarding Facebook’s Libra project, pursuant to my recent Forbes.com article. During a conference call, they indicated interest in receiving formal written testimony from me. Here it is. A pdf version, with citations, is available here.| Caitlin Long