Welcome back! We hope you got some well-deserved rest during August and over the Labor Day weekend. Lots happened during that time that we didn’t want you to miss so here are some highlights:
Betting the House
If you’ve been following this year’s tumultuous election, you’ve already seen gambling infiltrate our political conversation. Better Markets rallied dozens of public interest organizations and advocates to oppose the CFTC allowing gambling on U.S. elections. Our Director of Derivatives Policy, Cantrell Dumas, spoke to Tony Romm of the Washington Post about this important issue.
Calling out the Court
We analyzed the devastating impact of the Supreme Court’s latest term, which threatens the ability of the government to protect the public from a wide range of threats to their health, safety, welfare, and financial well-being. In September will also be releasing our preview of the upcoming SCOTUS term.
Crypto Caution
Dennis Kelleher called on the Harris campaign to resist the crypto industry’s enormous lobbying and influence campaign in a Financial Times op-ed.
He joined CNBC’s “Crypto World” to explain how the industry has greatly exaggerated the number of Americans who use crypto to intimidate elected officials and candidates this election cycle.
Dennis also talked to John Cassidy of the New Yorker about the crypto industry’s 2024 campaign push.
Climate Risks
Unfortunately, with severe weather events becoming the norm, August has become a showcase for the devastating impact of climate change. Better Markets is deeply engaged on issues like climate disclosure and climate risk. Our legal team filed an amicus brief defending the SEC’s authority to stand up for investors by requiring climate risk disclosures. We also detailed how the Federal Reserve has seriously addressed climate-related financial risks’ effect on banks, and called on regulators to take immediate action on these issues.
Balancing AI
We advocated for balanced AI policies that enable Main Street Americans and the country to get the benefits of AI while avoiding the potential catastrophic applications and implications.
Standing with the CFPB
We stood with other public interest organizations to advocate for essential CFPB proposals to remove medical debt from credit reports and protect consumers from abusive buy-now-pay-later loans.
These are just a few of the issues our team has been working on recently.
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