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Hands Off Bitcoin

Posted on AllSides May 15th, 2024
From The Right

Excluding the Treasury Department’s budget, American taxpayers pay more than $150 billion annually to support the Federal Deposit Insurance Commission (FDIC), Consumer Financial Protection Bureau (CFPB), Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC). These agencies create and enforce financial regulations, and the institutions they regulate pass compliance costs to customers—who are also the taxpayers that pay for the regulation. Although there is often no cost-benefit analysis performed before financial regulations are put in place, they are, in theory, there to protect consumers. So, what do Americans...

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