Elon Musk and other billionaire oligarchs have triggered a race to the bottom in state corporate law, with Delaware, Texas, and Nevada changing their laws to strengthen the power of corporate insiders while decreasing the power of regular shareholders to provide input and hold management accountable for corporate misconduct.
Background Tesla’s shareholder meeting is November 6th. Shareholders can vote anytime prior to that. Tesla’s board has proposed a CEO pay plan that is unprecedented in its magnitude and lacks mechanisms to rein in Musk’s political activity or ensure he is accountable to Tesla shareholders. The structure of the pay package consists of 12 tranches
The crypto industry is determined to ram through legislation in Congress that gives the industry carte blanche operating power, without any true oversight, regulation, or accountability. And, adding insult to injury, the industry is trying to block the ability for states to step in and fill federal gaps in oversight.
From Bad to WorseKey Differences Between Crypto-Backed CLARITY Act and FIT 21 Deregulation Click here for a PDF of this document. This year’s crypto market structure legislation promoted by the industry shares many of the flaws of last year’s crypto legislation, but the deregulatory elements in the Digital Asset Market Clarity Act of 2025 (H.R.
View or download a PDF of the factsheet here. The GENIUS Act’s Flaws and Failures The GENIUS Act rewards crypto tycoons driving the assault on democratic governance The GENIUS Act makes it easier for Elon Musk, Donald Trump or other billionaires to issue their own money, giving them even more control over our data and
View or download a PDF of the fact sheet here. CLARITY Act: A Crypto Cash Grab that is a Consumer Catastrophe CLARITY is another giveaway to the superrich. The budget bill paid for generous tax breaks to the wealthy by pushing millions of people off Medicaid, SNAP, and other essential programs. CLARITY is much the