“We’ll go after the person that’s essentially operating an unlicensed exchange”: CFTC Commissioner Dan Berkovitz — Mere days after two speeches by U.S. market regulators warning of potential illegality of certain derivatives contracts and tokenized stocks in the cryptocurrency space, the DeFi protocol Uniswap announced if would restrict access to certain tokens through its main trading interface, the website at app.uniswap.org, …

Blockchain, which has been described as a “public database”, is the main technology underlying cryptocurrencies. Yet I still envision it as very long dot matrix printer paper. From NFTs to Blockchains to “DeFi”, the cryptocurrency space is full of buzzwords, technical concepts, and a whole lot of startups all competing…

In the last week, crypto exchange Binance faced new regulatory crackdowns from the UK and Japan, and preemptively left Ontario. — Over the weekend, the United Kingdom financial regulator Financial Conduct Authority (FCA) put out a Consumer Warning about the cryptocurrency exchange Binance (the largest global crypto exchange). It comes on the heels of a series of global financial regulators cracking down on many unregistered cryptocurrency exchanges — with Binance at…

Archegos Capital’s Bill Hwang was sanctioned by the SEC and banned from trading in Hong Kong. Banks still lent him billions of dollars to make risky trades — and paid the price. When ViacomCBS lost half its value at the end of March, it turned into a $33 billion firesale…

You rank Wall Street firms on equality. Where do they stand on bigotry in the White House? — To the Human Rights Campaign, In the final days of the Obama presidency and as we anticipate the most anti-LGBTQ administration we’ve seen in decades, I write to urge you to use your significant influence to stand up to these anti-LGBTQ forces. …

In the first year of my very first job on Wall Street at Morgan Stanley, I wasn’t out at work. I was uncertain about how my coworkers would react, especially since no one on my team really talked about family — or even about our weekends; everything, on my team…

Image credit: McConnell Center (CC BY-NC-ND 2.0) One need only look at recent headlines to see that bigotry is alive and well in the United States. Black college students are as likely to get hired as white high school drop-outs. Women are still paid less than men, even when their…

Originally published at Because Finance is Boring. What’s a government agency to do when a major source of profits for two big banks is at risk? If you’re the Department of Housing and Urban Development (HUD), you just try and make the problem go away for them! Mortgages are still…