Wall Street Journal (March 10)
Mr. Trump issued a new executive order directing the Treasury Department to take the first steps in establishing what he refers to as “a crypto version of Fort Knox.” This proposal “invites government abuse.” Basically, a “government crypto reserve serves no good purpose while creating an opportunity for political bad behavior. Let private investors speculate all they want without the government having a stake in crypto-currency prices.”
Tags: Abuse, Bad behavior, Crypto, Crypto reserve, Currency, Executive order, Fort Knox, Government, Investors, Prices, Private, Speculate, Stake, Treasury Department, Trump
New York Times (November 20)
Last week, the Treasury Department decided to exempt “certain foreign exchange derivatives from rules under the Dodd-Frank reform law that are intended to reduce risk and increase transparency. The exempted derivatives—instruments known as foreign exchange swaps and forwards—represent a $4 trillion-a-day global market.” This “step back for derivatives regulation” invites new problems and could spur a future crisis.
Last week, the Treasury Department decided to exempt “certain foreign exchange derivatives from rules under the Dodd-Frank reform law that are intended to reduce risk and increase transparency. The exempted derivatives—instruments known as foreign exchange swaps and forwards—represent a $4 trillion-a-day global market.” This “step back for derivatives regulation” invites new problems and could spur a future crisis.
