Tag Archives: executive order

the outside exterior of the U.S. Treasury Department building

News Release: Statement in Response to Biden Administration Executive Order on Digital Assets

“The administration’s order includes the recognition that the rapid growth of digital assets as instruments for financial speculation is creating a wide range of serious risks and harms for consumers, investors, and the public at large.  It is important that the order recognizes and articulates a set of these risks, and a whole of government approach can help address the scale and scope of the potential harm. It will be important for the studies authorized by the order to generate useful data and momentum for decisive regulatory action,” said Mark Hays, senior policy analyst with AFR and Demand Progress.

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AFR Statement: Trump Turns Wall Street Regulation Over To Goldman Sachs

“The Administration apparently plans to turn over financial regulation to Wall Street titan Goldman Sachs, and make it easier for them and other big banks like Wells Fargo to steal from their customers and destabilize the economy. That betrays the promises Trump made to stand up the Wall Street, and It will have dire consequences if he’s successful. But the President does not have the authority to overturn laws or tell independent agencies what to do. And it’s flat-out illegal for the agencies to change rules by fiat without public input.”