@hemingquay The left-leaning people you believe would otherwise be persuaded by lawlessness (such as jumping the turnstile) aren’t taking the metro with working class people, so they don’t see that take place. They take private cars. I’m agreeing with your point.

@hemingquay no, just that rich people take cars

“Judges should not have the power to force consumers to pay more and get less for their money in order to advance some vague, judicially-created policy goal in which voters has no say” —@BasedMikeLee

@tylercreighton @Rob_Weissman some fintechs, yes

The temporary restraint order on Treasury Secretary Bessent and President Trump to direct DOGE, issued by U.S. District Judge Paul Engelmayer, and filed by 19 democratic state attorneys general, is the opening salvo in the legal campaign to halt DOGE’s activities

@Busbecq @ryangrim @elonmusk I mean regulatory guidance, like the one the CFPB tried to pass on Bitcoin and cryptocurrency wallets

@james_j_otis @RepGabeAmo FTC is fit for this very purpose! Then they won’t busy themselves with trying to break up tech firms using outlandish neobrandeisian antitrust theories

Did everyone miss the rule where they want Bitcoin and cryptocurrency wallets to be regulated under the Electronic Fun Transfer Act? This is *way* beyond CFPB’s authority, and absolutely harmful to future innovation

@james_j_otis @RepGabeAmo It also has a strange funding mechanism via the Federal Reserve, which had been brought before the Supreme Court when groups questioned its constitutionality. Unfortunately SCOTUS narrowly shot down the challenge, but the call for reform is still necessary

RT @james_j_otis: @RepGabeAmo Beyond the Sensational $20B: A Closer Look at the CFPB’s Net Impact At first glance, “$20 billion returned”…

Many people putting CFPB in Google or ChatGPT, learning what it is and does, reading from press releases about all the money it’s brought in. But there’s more to the story about why it would be prudent to fold its activities into another agency…

@naomirwolf It’s a rebranding of the U.S. Digital Service, started by Obama. It’s spelled out directly in the Executive Order.

@jonlovett If the FTC did its job, it could do all this and more. It makes no sense to have duplicative agencies both trying to police harmful and deceptive practices that defraud consumers

I’ve been writing about this since last year. CFPB has been challenged in court on its funding and structure, but they’ve staved them off. Regardless, it’s a duplicative agency that could easily be rolled up into FTC or DOJ.

and here’s an example of the CFPB trying to shoehorn bitcoin and cryptocurrencies into their regulatory sphere, opening up potential liability for developers and coders who work on self-custody software and tools. Huge overreach that we hope gets scrapped as a rule

@rockmom @ryangrim @elonmusk CFPB also has a weird funding structure from the federal reserve. But I’d also argue that “finding” budget by suing companies really seems like a power that could (and has been) abused