Trump will unleash a crypto frenzy that endangers the whole of the financial system
Annie Lowrey writes: “The countdown clock on the next catastrophic crash has already started,” Dennis Kelleher, the president of the nonprofit Better Markets, told me. In the past few weeks, I have heard that sentiment or similar from economists, traders, Hill staffers, and government officials. The incoming Trump administration has promised to pass crypto-friendly regulations, and is likely to loosen strictures on Wall Street institutions as well. This will bring an unheralded era of American prosperity, it argues, maintaining the…