Better Markets

Better Markets

@bettermarkets.bsky.social

An independent, nonpartisan, nonprofit promoting the economic security, opportunity & prosperity of the American people. https://linktr.ee/bettermarkets

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The SEC unleashing the "Innovation Exemption" represents the biggest shift in how our stock market operates in decades. See the link below to learn more about what tokenization means for you and the whole of the economy.

With the stroke of a pen, the SEC is attempting to negate 90 years of rules protecting investors in the stock market by allowing firms to create ‘shadow’ stocks that trade on systems outside of SEC regulation. This order should be rescinded. Link below.

Don’t miss Dennis Kelleher's new Substack explaining how Bob Rubin's NYT op-ed about election interference unintentionally highlights how much trouble the country is really in. Link below.

As financial nihilism takes root among some young Americans, prediction markets are capitalizing by disguising betting as investing. The consequences could be disastrous. See the link below.

The OCC’s GENIUS Act implementation completely fails to protect the banking system and the savings of hardworking Americans from the volatility and recklessness of crypto. See the link below to learn more.

The SEC is rushing to help the crypto industry by proposing to adopt special rules that would free crypto from the guardrails that protect investors. See the link below to learn why this is a mistake and why the proposal should be withdrawn.

The CFTC just proposed a rule that would define swaps to include event contracts on sporting events. The rule suggests that the CFTC can’t tell the difference between betting on sports and trading financial derivatives. Link below.

The SEC just released a report suggesting large asset managers violated the law by engaging with an org seeking to influence public companies' climate policies. That's a ridiculous attack on investors concerned about climate change and its impact on their investments. Link below.

A bedrock of the SEC’s mission is to protect investors through strong enforcement that deters wrongdoing. But the SEC's recent failure to take adequate action against a lawbreaking CFO shows that under Chair Atkins, it isn't serious about fulfilling that mission. Link below.

The basic facts of Silicon Valley Bank's failure are undisputed. But rather than act to prevent the next failure, the Fed is paying consultants to write reports while the rules that enabled the 2023 banking crisis failure remain on its books. Link to our full op-ed below.

The CFTC's new proposal blesses crypto and prediction market business structures, unleashing a new wave of conglomerates that prioritize crypto and prediction market profits over fair competition and customer protection. See the link below to learn how this endangers investors.

Coming this Thursday: Better Markets will host a thought-provoking conversation on building a people-centered AI agenda with Nobel laureate Joseph Stiglitz and Better Markets' Director of AI, Innovation, and Economic Opportunity, Evan LeFlore. Register via the link below.

Today, the CFTC indicated that it wants to adopt new rules to legitimize crypto assets and give the crypto industry what it has long desired. See the link below to learn more about what that means for the future of the industry and investor protection.

Coming soon: the second annual State of Economic & Financial Policymaking Conference. This event will bring together leading scholars, policymakers, and advocates to explore today’s economic challenges. Registration link in the comments.

Bank regulators are proposing to turn confidential supervisory information into a business asset that banks can circulate to third parties—including their own lobbyists—as they see fit without prior approval. This proposal will hurt supervision and should be withdrawn. See the link below.

The SEC's proposed crypto custody rules abandon longstanding protections that safeguard investor assets in favor of a lax regulatory regime that benefits the crypto industry. See below.

The OCC has decided to handcuff its own supervisors by proposing unjustified binding limits on how examiners can correct bank risks before they escalate into failures and crises. This reckless approach won't stand the test of time. The OCC should withdraw the proposal. Link below.

Four years after the Basel Committee reduced capital requirements for European megabanks without public feedback, it is finally seeking comment on this critical policy decision. Better Markets has long called for this accountability. Learn why it matters below.

September was as busy as ever for Better Markets. Take a look at our newsletter, linked below, to learn about our lawsuit against the Fed, our upcoming webinar on AI, our upcoming conference on the most critical issues affecting our economy today, and so much more.

As the Supreme Court’s next term starts on Monday, the Court will soon issue key decisions that affect the economic and financial well-being of all Americans. See the link below to learn about the cases to watch out for.

The rules the SEC proposed today would allow the financial industry to prey on unsuspecting retail investors by exposing them to risky private market assets. That's an alarming failure to fulfill the SEC's mission to protect investors. Link below.

For the largest U.S. banks, the Fed’s stress test has already become an expensive charade with no additional capital requirement beyond the minimum buffer. The changes announced this morning make that problem worse and put Americans at greater risk.

Retail investors deserve to get the best price available in the market when they trade. But unfortunately, proposed new rules threaten to make that harder. See the link below to learn what that means for your financial future.

The Fed’s stablecoin proposal fails to include guardrails essential to protecting depositors, banks, the financial system, taxpayers, and our economy. See the link below to learn more about this critical financial stability issue.