Cato Institute's Mark Calabria: ‘Expect Another Crisis Within the Next Decade’
CoinTelegraph spoke with Mark A. Calabria, the Director of Financial Regulation Studies at Cato Institute, about the institute’s views on Bitcoin and the impact of burdensome regulations on cryptocurrencies and the U.S. economy as a whole. CoinTelegraph: What do you think about Bitcoin and its underlying blockchain technology? “I don’t think the Bitcoin community should be complacent about the current regulatory environment. The potential to get a lot worse is definitely there.” Mark A. Calabria: While I’m an economist, not a tech guy, I’m very excited about Bitcoin, as I am about....
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Bitcoin supporter Mark Calabria from the Cato Institute has been selected to serve as Chief Economist for Vice President Mike Pence. Bitcoin-Supporter to Advise Mike Pence. The Vice President of the United States, Mike Pence, has selected a well-known libertarian and Bitcoin advocate, Mark Calabria, as his chief economist. Having also previously worked for the Senate Banking Committee, Calabria is best known as the former director of financial regulation studies at the Cato Institute. He is also an outspoken advocate of free markets, housing reform and alternative currencies. He expressed....
I came across a rather interesting post this evening by Mark Calabria over at the CATO Institute which mentions a recently-held meeting held between the Federal Reserve Board and members of the banking industry. These meetings are held quarterly, and their records are made public. As Calabria points out, the most recent meeting held in early May discussed a wide range of topics, one of which happens to be bitcoin. In these discussions, a number of sub-topics were covered, of which include: economic activity, financial stability, consumer protection, and the ever-present threat of illicit....
The Bitcoin Foundation today announced the appointment of two new officials to their global team. The first addition to the Foundation is Jim Harper of the Cato Institute, who's been serving as the director of information policy studies at the Institute since 2004. Harper will take on the role of Global Policy Counsel at the Foundation while becoming a Senior Fellow at the Cato Institute. The second addition is Amy Weiss, former White House Deputy Press Secretary, also the founder and head of Weiss Public Affairs. She will serve as a media consultant for the Foundation. "Bitcoin is rapidly....
The renowned Libertarian public policy think tank The Cato Institute has a review by Steve H. Hanke of the book "New Private Monies: A Bit Part Player?" by free-banking expert Kevin Dowd, published by the Institute of Economic Affairs. According to Hanke, the book delivers a refreshingly accurate and straightforward assessment of Bitcoin, ignoring the hype that surrounds it. At this moment, the book can be freely downloaded in PDF format from the Institute of Economic Affairs website. Both Hanke and Dowd are persuaded that cryptocurrencies are the way of the future, with broad implications....
Just recently, New York Department of Financial Services (NYDFS) superintendent Benjamin Lawsky announced his decision to step down from office to start a business consulting firm. Lawsky has been known for his strict implementation of financial regulation in the state and for BitLicense. BitLicense is a framework of regulation designed to oversee activities in the bitcoin industry in particular. This has drawn a lot of opposition, particularly from bitcoin startups, who might wind up incurring too many costs in acquiring the necessary licenses to offer their products and services in New....