Monthly Archives: March 2022

Democrats and Republicans Unite to Bash Big Tech But Luddite Populism Is Not Helping Anyone – The Daily Beast

Posted: March 11, 2022 at 12:00 pm

Populism is normally a partisan political tactic. Reactionary and reductive, cynical and manipulative; almost always the mother of bad laws, government overreach and encroachments on civil liberties. The democratic process, the push and pull of left and right, usually serves to tamper legislation that emerges from it.

There is however one form of populism that has historically brought left and right together in mutual spasms of conservative hysteria: Luddite populism. Always a response to panic about new technologies or adjacent trends, these politically convenient displays of performative solidarity are satisfying and cathartic for worried parents; red and blue. And pleasing to unions, and corporations, both weary of disruption. The laws that result are often shortsighted and dangerous. Whats worse, the mediating force of political opposition is absent, so the risk of them passing into law is higher. Libertarian legislators do what they can, but are always outnumbered outliers. Historically a handful of activist technologists are tasked with defending the future and technological progress.

In recent months US politics has seen a resurgence of Luddite populism, with numerous bills moving forward with bi-partisan support. Political deadlock and the failure to pass President Bidens Build Back Better plan, has made Democrats realize thatin the words of Susan Collins in a 50-50 Senate, the only way youre going to be able to produce any accomplishments that matter to the American people is to work across the aisle. So they crossed it and began to legislate.

First, there was the EARN IT Act, which would almost certainly disincentivize the use of end-to-end encryption by large online services and undercut section 230 liability protection. Introduced by Republican Lindsey Graham and Democrat Richard Blumenthal, it has 11 Republican co-sponsors and 10 Democrats. Next is the NUDGE Act that would see government approved content curation algorithms, something that is almost certainly unconstitutional. This bill was created by Democrat Amy Klobuchar and introduced by Republican Cynthia Lummis. The Open App Market Act was another introduced by Blumenthal in early February, which would force Apple to allow apps to be installed outside its AppStore. This could jeopardize many consumer protection features Apple has built voluntarilymany of which achieve the very same ends as regulations. Its sponsors? 4 Democrats and 6 Republicans. And just last week, the Kids Online Safety Act was introducedagain by Blumenthal. Which, among other things, would force social media platforms to give parents of kids 16 or younger parental controls, many of which iOS and Android already do.

Chairman Sen. Lindsey Graham (R-SC), left, and Sen. Richard Blumenthal (D-CT), right, greet each other with an elbow bump.

Andrew Harnik - Pool/Getty Images

To understand this political moment, the risks it brings and what is at stake, we must look back at Luddite populism of the past and the bad laws it almost, and sometimes, has brought about.

The 1950s saw the infamous anti-comic book Subcommittee on Juvenile Delinquency, which consisted of two Republicans and two Democrats. All four were pandering to moral panic caused by dubious research from psychologist Fredrick Wertham and an accompanying book which led to comic book burnings in multiple states. Wertham claimed, among other things, that Batman and Robin could encourage homosexuality because in his mind they were clearly a couple. In a televised congressional hearing Wertham said I think Hitler was a beginner compared to the comic book industry. The hearing made the front of The New York Times and the industry would soon adopt the Comics Code Authority, an onerous list of content rules that decimated the industry and notably prohibited LGBT characters or content until the 1980s.

In 1985, responding to concerns about rock music, Tipper Gore, wife of then Senator Al Gore, formed the Parents Music Resource Center, which included wives of prominent Democrats and Republicans. The target? The Filthy 15a set of songs that they claimed needed censure to protect children. In a televised Senate hearing Al and Tipper Gore confronted rock stars. At one point Mr. Gore asked Dee Snider whether his bands fan club Sick Motherfucking Fans of Twisted Sister was Christian. Mrs. Gore would release a book a few years later titled Raising PG Kids in an X-Rated Society.

Sally Nevius (left) and Tipper Gore (right) of the Parents Music Resource Center at a Senate hearing on 19th September 1985.

Photo by Mark Weiss/Getty Images

In 1991 then-Senator Joseph Biden introduced legislation that would prohibit encryptionthe bill was co-sponsored by two Democrats and a Republican. This famously motivated Phil Zimmerman to finish and release his open source encryption program, PGP. Helping widespread mass adoption of the technology. Then in 1993, the Clinton administration took another shot at encryption with the Clipper Chipan encryption backdoor, with Al Gore tasked with promoting it. In response Phil Zimmerman would release a sequel to PGP, PGPfone, to help make the chip irrelevant. After much protest and a paper highlighted a vulnerability in the chip, the plan was abandoned.

That same year, concerns about video game violence began to pick-up. A 1993 Senate hearings on video games was organized by Senators Joe Lieberman and Herb Kohl, where Mortal Kombat and other games were blamed for an uptick in violencemuch like television was at the time.

As the 1996 election beckoned, the Clinton campaign looked to another chip mandatethe TV censoring V-Chipas a way to appeal to parents who worried about the influence of television on children. At a press conference Bill Clinton and Tipper Gore sat with parents, where she decried televisions slide into violent debauchery, Power Rangers being her example. Separately Clinton promised the V-Chip could become a powerful voice against teen violence, teen pregnancy and teen drug use. The mandate was part of the Telecommunications Act of 1996, which included another provision to ban internet porn, promoted on the Senate floor via a folder full of internet smut. The act received over 90 percent support and was signed into law (porn prohibition was later ruled unconstitutional.)

In the aftermath of the 1999 Columbine Massacre, these narratives would come back to haunt Democrats when Republicans and the NRA used prior concerns about video games and music lyrics to distract from the gun control debate. Not only did Democrats fail to meaningfully push back on these fallaciesprobably because they helped create themthey embraced them, with President Clinton saying Video games like Mortal Kombat, Killer Instinct and DOOM make our children more active participants in simulated violence. Hillary Clinton would echo her husband as a Senator in 2005 when she said We need to treat violent video games the way we treat tobacco, alcohol, and pornography.

Bill Clinton, holds an ad for a children's video game that reads, What kind of psycho drives a school bus into a war zone? in June 1999.

Photo by Paul J. Richards/Getty Images

While blaming violence, drug use and promiscuity on music and video games has since become a less bi-partisan notion. Progressive politicians are again falling for the convenient allure of Luddite populism, with social media as the new boogeyman.

In 2018 the Center for Humane Technology launched (with help from Common Sense Media) and would go on to release the Netflix blockbuster documentary The Social Dilemma, which presented unsubstantiated claims as facts, while denying the well-documented history of unfounded fears about new technologies. The groups co-founderTristan Harriswould appear on Joe Rogans podcast, where he would uncritically tout new Chinese laws that pushed patriot videos (propaganda) into social media feeds and enforced screen time limits. He insisted he was not praising this heavy handed approach, however when Sen. Josh Hawley introduced the SMART act, a draconian social media bill, his organizations newsletter would list it as a legislative win, in which it implied it played a role in influencing.

Right leaning orgs like the Heritage Foundation have followed their lead with a recent report on killer apps spouting many of the same unfounded claims about social media and mental health. This narrative offers a convenient scapegoat for gun violence and allows NRA aligned candidates such as Rep. Cathy McMorris Rodgers to appeal to worried parents by proclaiming social media is her number one concern as a parent, while at the same time opposing masking in schools and voting for looser gun controls.

The bi-partisan appeal of Luddite populism endures and, as in the past, we are scapegoating new trends to explain complex societal problems. This myopia has a legislative opportunity cost, just like it did in the aftermath of Columbinewhen time spent discussing 16-bit virtual guns, could have been about real 17-caliber ones.

While bi-partisan lawmaking can feel like progress in the midst of political deadlock, history showswhen its driven by Luddite populismits almost certainly regressive.

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Vladimir Putin’s war has dealt a blow to the ‘populist’ right – NationofChange

Posted: at 12:00 pm

Few figures have inspired the so-called populist right in recent years as much as Vladimir Putin, a leader who has championed extreme Russian nationalism hand in hand with a revival of the most conservative iteration of the Russian Orthodox church, appealing to christian nationalists and neo-fascists around the world. His strongman politics have led to the legalized persecution of long marginalized groups like gays and lesbians within the Russian Federation in ways North American rightwingers like Steve Bannon or Ben Shapiro could only dream of.

While disingenuous culture war still rages in North America and Europe, these battles mostly seem to have already been won by reactionaries in the Russian Federation and what amount to its vassal states like neighboring Belarus. In Muslim Chechnya, where 2 brutal wars were fought in the 1990s and early in this century, the Putin supported government runs what amount to concentration camps for LGBTQI+ communities and has reportedly useddeath squadsto go after those who have fled this persecution and their allies living abroad.

The witch hunts targeting LGBTQI+ people in Russia and its allies have been especially popular with North American far right evangelicals, who seem to feel that their bigotry is justified by their religion. Belief systems that seem to have become infected with thewhitechristian identity politicspopular with certain neo-Nazi groups more than 20 years ago.

In their early endorsements of what appeared at the time to be mere saber rattling directed by Putin and his subordinates at neighboring Ukraine, far right populists in the West applauded the 69 year old Russian presidents manliness, often making an argument previously championed by anti-imperialists on the left about NATO encroachment into Russias traditional sphere influence. After the invasion commentators like Fox News pundit Tucker Carlson quickly changed tunes, blaming weak Democrats like Joe Biden for Putins folly.

That this aggression and the lives already lost cant be justified under any pretenses doesnt detract from legitimate criticism of NATOs eastward expansion after the collapse of the Soviet Union in 1989, when the perceived threat from Russia ended. The strategy of what amounts to encirclement is short-sighted as such things almost always are when powerful economic interests are involved. The best we can hope for now is that diplomacy will prevail in the current crisis and that the conflict in Ukraine will be as short as possible despite the windfall involved for Western and Russian arms manufacturers alike.

Speaking of short sighted people, as tensions were rising in eastern Europe, some at the CPAC event held at the end of last month in Florida, including that states governor and Texas Senator Ted Cruz, argued that the crisis over Ukraine should be ignored because the U.S. itself is facing aninvasionof its own along the countrys southern border, referring to asylum seekers mostly armed with their children and elderly relatives.

In Europe, leaders on the far right from Frances Marine Le Pen to Italys Matteo Salvini and Hungarys Viktor Orban, who have all celebrated Putin as representative of the kind of strong leader they want to emulate have mostly bowed to public backlash in the wake of the savagery being inflicted not far from their doorsteps.

In purely political terms, the about faces are interesting because these are the same far right groupings that seemed to be once again growing in strength, especially with upcoming elections in France offeringtwo far right candidatesjockeying to see who can be most offensive in arguing that their country has been both Islamized and feminized.

While the similar, if less thought out and focus grouped populism of American reality TV star Donald Trump seemed temporarily in retreat in North America after the events of January 6that the U.S. capitol, anger at public health measures led to a trucker convoy that descended on Ottawa, the small city thats home to Canadas federal government and at a variety of border crossings into the United States, energized these forces on both sides of the U.S. northern border. The convoy organizers, a motley crew of far right demagogues and conspiracy theorists also raised millions in later seized funds showing they were far from spent force.

Alarmingly, the convoy protesters in Canada seemed to have a lot of mostly quiet support from police, something weve seen with groups like the Proud Boys in the United States in the past.

As we might have expected the former U.S. president was among the first to come out in support of Russias declaration recognizing the regions of Luhansk and Donetsk, where a large Russian speaking minority has been fighting Ukraines government since 2015, as independent on February 21stprior to the invasion proper, calling the movegenius.

Trump went on to say, He used the word independent and were gonna go out and were gonna go in and were gonna help keep peace. You gotta say thats pretty savvy.

The former U.S. president went uncharacteristically silent for a couple of days as Russian tanks and armored vehicles rolled into Ukraine, setting off the largest conflict in Europe in decades and shocking the world in the process. As Russian casualties have continued to mount, the invasion seems anything but savvy.

Hopefully, the reaction to events in Europe and across the Atlantic by rightwing populist leaders like Trump will at least slow down the perceived momentum created by the Canadian trucker convoy and legisltaive wins like the Dont Say Gay bill at the state level in the United States, especially with mid-term elections in the U.S. not too far off.

While its the last thing that most on the progressive left want to do since these issues already seem settled, we will need to engage with the culture wars that seem to be among the few winning issues for the right, if only to protect and elevate the most marginalized of working people.

Though the populist right is even more inclined to seek the simplest of solutions to complex problems than even traditional conservatives and neo-conservative hawks, parts of the left have a tendency to ignore nuance as well. It shouldnt be controversial to say that while U.S. and allied imperialism must be opposed, despite its weakness by comparison, Russian imperialism must also be challenged. Its just common sense.

FALL FUNDRAISER

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OPINION | JOHN BRUMMETT: The Tom Cotton bridge – Arkansas Online

Posted: at 12:00 pm

Tom Cotton thought it was a big deal, and perhaps it was in the vicinity, even if Mike Pence had already blazed the path.

It was Cotton's turn to speak in the "Time for Choosing" series at the Reagan Presidential Library, which is showcasing potential Republican presidential candidates for 2024 or beyond.

He leaked ahead of time a key element of his prepared remarks and linked on social media the address by which we could all watch Monday evening.

He was introduced as "courageous" by the director of the library, who extolled the fortuitous timing of hearing from such an important voice with world events in great unrest.

Mostly Cotton delivered standard loathing. He blamed Joe Biden's debacle in Afghanistan for Vladimir Putin's inhumanity in Ukraine. He said we need to put more people, not fewer, in prison. He said we need to teach positive themes in school, not anti-American ones.

But here was his nut graph, the element of his 45-minute address about which he'd provided advance notice and by which he was seeking to fashion a political place for himself and a new political positioning for his party: The Republican Party need not choose between Donald Trump and Ronald Reagan, but walk the bridge that naturally spans them, which is an American populism in the frontier spirit of Andrew Jackson, who championed the common man against elitists.

Last June, Pence took his turn in this cattle call of Republican wannabes and broke the ground that Cotton plowed. The former vice president said in his speech that Reagan and Trump were similar "disrupters" at a time disruption was vital.

Cotton went further and was instantly ridiculed, of course, from the left. The scoffing came to a great extent from people who weren't alive or old enough to experience the deep liberal 1980s scorn for Reagan, for the extreme conservatism of a product of the entertainment industry who attracted working class-voters--Reagan Democrats, they were called--and co-opted Southern religious evangelicals even though he was divorced and didn't go to church himself.

Does that sound like anyone else? Sure. It sounds like Trump.

The difference in the men and their presidencies is not policy or theme. It's entirely personal style. That and insurrection, which still goes to personal style.

Reagan beheld an America in decline and eloquently extolled a new morning in that shining city on a hill. Then he cut taxes for rich people and nominated conservative judges.

Trump beheld an America in decline and darkly proclaimed a dystopian land from which only he could make America great again. And then cut taxes for rich people and nominated conservative judges.

Reagan was affable and a friend of the Democratic House speaker assigned him. Trump was an egomaniacal madman who spoke derisively of any political figure who crossed him.

Reagan was friendly with his Soviet counterpart but told him to "tear down this wall" and vowed to trust him, but verify. Trump was enamored of and subservient to his infinitely worse Russian counterpart.

Reagan got re-elected by a landslide. Trump got wiped out for re-election by women and educated suburbanites who disapproved of his style, not his policies and not his theme of capturing the old Reagan Democrats with anti-elite populism.

Cotton was seeking to outline a political formulation acceptable in its extreme conservatism to Trump's base but less behaviorally unacceptable to moderates who are looking for something they can tolerate as a counter to impractical new Democratic progressivism and ineptitude.

He has a glimmer of credibility in the matter, having advised and stood by Trump but breaking with him by telling the obvious truth that there was no way Congress could do anything with the report of the Electoral College other than rubber-stamp it.

Cotton's speech essentially was proposing: How about a Reagan-Trump blend? How about me in that context, harsh like Trump but not as insanely insurrectionist, and solidly conservative like Reagan but more modern than to make nice with any Democratic speaker of the House, not that we'll have one much longer?

The junior senator's campaign theme for 2024 might be "dystopian, but not full-on nuts."

While tactically onto something, Cotton was hardly bold. If he wanted to champion a truly meaningful contemporary Republican bridge, he would propose one spanning Trump and Liz Cheney. Or Dick Cheney. Or Mitt Romney. Or George W. Bush.

But that may be beyond the scope of modern engineering.

Anyway, Cotton and Republican strategists calculate that, in the way things seem to be going, spanning and getting between Trump's madness and Reagan's memory ought to suffice against Biden and the current band of congressional Democrats.

John Brummett, whose column appears regularly in the Arkansas Democrat-Gazette, is a member of the Arkansas Writers' Hall of Fame. Email him at jbrummett@arkansasonline.com. Read his @johnbrummett Twitter feed.

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Right-Wing Ultra-Nationalists Are Putin’s Useful Idiots – The Daily Beast

Posted: at 12:00 pm

National populiststhe same people who are dogmatic about protecting national bordersare in a tough spot right now, thanks to Vladimir Putins war of aggression on Ukraine.

The same ultra-nationalists passionate about building a wall on the U.S. southern border, or obliterating the EU and returning to hard borders among European nation statesseemed utterly unconcerned about Ukraines borders during the run-up to war. These folks are also known for the fetishization of masculinity and toughness, and yet they suddenly became introspective, nuanced, and dovish in their excuses for Putins invasion of a sovereign nation.

Up until now, the ultranationalists enjoyed the luxury of criticizing the establishment without having to accept any actual responsibility. In their minds, the elites of both parties were always effete, decadent, and bumblingregardless of what they said or did. Opposing whatever they said carried little risk.

So when the Biden regime and the corporate media started warning about a possible Russian invasion of Ukraine, the nationalists reacted with mockery, working off of the assumption that this was all so much globalist hyperventilating.

Instead, Putin called their bluff, and the national populists became the dog who caught the car. And by catching the car, I mean, slamming into it. Suddenly, inconsistencies that could once be swept under the rug by the national populists (hereafter, referred to as natcons) were now impossible to avoid.

...if one exalts rugged manliness, has there ever been a better example of that than the courage being exhibited by Ukraine?

Here are a few questions that are now hard to escape:

If one believes national borders are sacrosanct, why not respect Ukraines?

If the answer is that one solely cares about Making America Great Again, then why all the interest in boosting the European far right, Hungarys Viktor Orbn, Indias Narendra Modi, and even the right-wing ultranationalists of Israel?

If one hates and fears foreign dictators (see their attacks on Canadian Prime Minister Justin Trudeau), why all the love for Putin?

And if one exalts rugged manliness, has there ever been a better example of that than the courage being exhibited by Ukraine?

As journalist Michael Weiss (formerly of The Daily Beast) recently told me, If your argument is a defense of traditional masculine virtue, then whos more manlyright-wing pundits, Putin, or Volodymyr Zelensky, the guy whos literally walking through streets that are under attack?

Irony, too, is no respecter of boundaries.

During a recent episode of The Remnant podcast, Jonah Goldberg noted that natcons were quick to celebrate anti-mask and anti-vaccine mandate protests, but when the actual spirit of a sort of Andrew Jackson-type of America [shows up,] theyre like Whoa, whoa, whoa, whoa. Everyone needs to calm down. There are two sides to every story. Putins not the bad guy the corporate medias telling you [he] is.

In short, Putins invasion has exposed the fact that Americas ultra-nationalist populism isnt just hypocritical, its incoherent.

Of course, the natcons had no way of knowing that Ukrainians would rise to the occasion and expose their inconsistencies. But in the runup to war, the natcons deployed plenty of prebuttal spin. Addressing the question of why people who obsess over borders dont care about Ukraines, a natcon explained on Fox News that Ukraine wasnt a real nation, but one that is essentially managed by the [U.S.] State Department. Former Trump White House senior adviser and Breitbart boss Steve Bannon said the same thing on his own podcast.

The natcons also threw in a lot of random misdirection to muddy the waters and justify their comments and actions.

They noted that (a) Ukraine is far away (Im sick of being told that we have to care more about people 6,000 miles away than we do people like my mom.) And besides, b) what about Americas borders? I mean, c) Putin never called me a racist! And dont forget, d) all the Burisma money the Biden crime family got paid. Besides, e) Putin is pro-Christian and f) the woke U.S. military is a godless arm of the Democratic Party. Besides, g) there is quite literally no Russian threat. Warnings of invasion were h) baseless and embarrassingly incorrect. Sure, i) Russia may annex some separatist areas full of Russian language speakers, but thats no big deal. Biden just has to j) call it an invasion otherwise this whole media/government act will seem like a fraud. I could go on.

Again, movements are messy, and this incipient coalition is far from monolithic. But it is clear that these bullshit natcon excuses were tantamount to throwing spaghetti at the wall and seeing if anything sticks.

What these natcons do seem to have in common is a hellbent determination upend the post-World War II rules-based liberal order. With all of their being, they oppose a worldview that includes an affinity for alliances with freedom-loving nations, as well as other maxims such as appeasing a strongman is like feeding a crocodile, and hoping he will eat you last.

Putins irredentist ambitions led him to actually launch a full-scale invasion of Ukraine, which caught the natcons completely flat-footed. It also raised the stakes for themas it exposed trolling the libs and needling the neocons as the hollow, performative tactics they are.

Retroactive attempts by natcons to distance themselves from Putin and explain why they were so wrong have been just as scattershot.

On Thursday night, for example, Tucker Carlson claimed that Kamala Harriss involvement in diplomatic efforts with our allies signaled to him that the Ukraine crisis wasnt imminently serious. Using the royal we, he continued, We didnt underestimate Vladimir Putin; we overestimated Joe Biden. Tucker is probably one of the smartest people I know, but this is one of the lamest excuses for blowing a story that I have seen.

These tortured attempts to move on from their past comments may be embarrassing, but it was just a matter of time before things would come to a head and the natcons would have to confront their incoherence.

What their miscalculation of Putins invasion illustrated is that natcons lack a shared commitment to any concrete philosophical principles, other than admiration for authoritarians who wield power without concern for inconveniences like democracy. Many also have a tribal affinity for the right (which seems to, more often than not, feature an affinity for white cultural Christians), and a concomitant visceral opposition to the left.

Where does this ultra-national populism lead? As America has only dabbled in this unsavory brand of politics, this is, perhaps, the most important question.

To the degree that Putin and his cheerleaders are avatars of it, I think we now know the answer: The little guy gets screwed. In the name of peacekeeping, cities are destroyed and innocent citizens are slaughtered.

But at least Putin showed everyone hes not to be fucked with!

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Understanding "Freedom Convoy" movement | The Chimes – The Chimes

Posted: at 11:59 am

On Jan. 22, Freedom Convoy protestors amassed outside of the Canadian Parliament demanding an end to a mandate for truckers in Canada to be vaccinated against COVID-19.

The truckers were eventually joined by thousands of other Canadians upset with these lockdown policies and Trudeaus government.

The mandate particularly applied to those reentering Canada from foreign countries, including truckers coming back from the United States, as well as anyone on a flight coming back to Canada.

The movement is led by one Tamara Lich of the new Maverick Party in Canada, a secessionist party advocating for autonomy for the western provinces of Canada and possible secession and independence from the rest of the country.

The party was pro convoy, and their most recent publication on their website hails the purported successes of the movement as fixing the economy and advancing the cause of freedom. The document also acknowledged the resignation of Tamara Lich, citing her commitment to remaining in Ottawa until all restrictions are lifted.

Lich was arrested on Feb. 17 on charges of counseling to commit mischief, relating to her efforts to crowdfund the movement. She was denied bail and will see trial on March 2.

In addition to protests in Ottawa, some under the banner of the Freedom Convoy blocked the Ambassador Bridge into Detroit on Feb. 7, disrupting automotive production in Detroit as parts were not able to be shipped. Police broke up the protest on Feb. 13, arresting an estimated 25-30 people.

Eventually, the government moved to end the protests on Feb. 15, invoking acts for emergency power citing a threat to Canadian national security. The protestors had disrupted the national supply chain and some arrested protestors were heavily armed.

Police moved in on Feb. 18 to finally clear out the largest block of the protestors, clearing Ottawa within two days. At least 100 people were arrested on Feb. 19 and 21 vehicles were towed in the efforts to clear out the streets.

While the movement did not succeed in convincing the government to lift mandates, it did secure a victory for right populism in Canada by being a movement that managed to gain traction, where it had failed to do so previously.

In 2019, a similar movement was launched to protest government energy policy and advocate for oil pipelines. The protest did not garner as much attention as the most recent convoy, and devolved into complaints about immigration that were often overtly racist.

Due to the nature of Canadas political culture and parliamentary system, it is not as easy for right populists to gain a foothold in politics as it has been in the United States. This means that the mainstream Conservative Party has not fully embraced politics like that of its fellow conservatives in the U.S.

But, the movement is part of a growing trend in Canadian politics to embrace what were less mainstream positions. The Conservative Party leader, Erin OToole, was recently removed from power over a lack of sufficient support for the convoy movement, a move which echoes the Republican censure of Liz Cheney and Adam Kinzinger for participating in the Congressional investigation into the Jan. 6 protests.

The movement indicates that Canada may be joining the rest of Western democracies in the rise of right populism. It also may be the beginning of a trend that will travel outside of Canadas borders, as a recent attempt to create a similar convoy in the U.S. launched recently, though it failed to garner much support.

One thing that is certain is that this political trend is not leaving any time soon. It will manifest itself in different ways as it progresses, adapting to the conditions at hand, but the right wing populist wave is not a fluke.

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Addressing global challenges through education, research and innovation | Waterloo News – The Iron Warrior

Posted: at 11:59 am

I am delighted to introduce my first edition of the annual Global Impact Report. It has been inspiring to learn about the history of the University and its unconventional founding. Our institution was founded by local community leaders to meet the many challenges of the day and to propel the region, and our nation, forward.

Being unconventional has fostered a spirit of curiosity and taking risks to not only generate new ideas through research excellence but convert those ideas to create something that has a positive impact on the world.

Waterloos unique approach to addressing the worlds greatest challenges is built on boundary-pushing research, experiential education and entrepreneurship. And we bring these strengths to bear on addressing the human dimensions of global challenges, understanding and enhancing human experiences and examining ways to translate knowledge for governance and policy.

Throughout the report, you will encounter examples of Waterloo researchers, alumni and students who are making a tangible global impact today, whileaddressing and shaping thechangingrealities of our future.

Our world faces many challenges such as rising geopolitical tensions, the decline of multilateralism, and the rise of populism and nationalism. We are more connected than ever with digital technologies yet we are also more divided than ever as these tools drive misinformation and disinformation. The COVID-19 pandemic has demonstrated how fragile our global society has become, with a new virus able to have devastating impact in a short period of time. Yet the existential crisis that we face, the climate emergency, promises to have even more dire consequences for humans and our planet.

The pandemic response has also highlighted Waterloos resilience, innovative thinking and leadership. Through education and research, we can help solve some of these big global challenges today and in the future in unconventional ways.

The seismic shifts happening today are an opportunity for us to build on this tradition of innovation and discovery, and design human-centered solutions for a better future. Waterloo was built for change, and we know how to prepare the next generation to lead in the face of social and economic transformations.

Our rich history of bold innovation is making a global impact today, and inspiring our future, as we navigate this period and reimagine a better world.

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Reality therapy for Democrats | TheHill – The Hill

Posted: at 11:59 am

Like the White Queen in Alice in Wonderland, Republican voters seem capable of believing as many as six impossible things before breakfast. In their looking-glass world, Donald TrumpDonald TrumpFears grow over Russian chemical threat to Ukraine Overnight Defense & National Security Senators grill Biden officials on Ukraine Jussie Smollett gets 150 days in jail after faking hate crime against himself MORE trounced Joe Biden in the 2020 presidential election, the worlds scientists are colluding in a climate change hoax and evil epidemiologists pushed mask mandates to deprive Americans of their liberty, not to protect them from a virus thats killed more than six million people.

Democrats are wondering how they could possibly be losing to a defiantly delusional GOP in party preference matchups. One answer is that midterm elections are always tough on the party in power. Another is that Democrats have been falling into rabbit holes too.

Their illusions are explored in The New Politics of Evasion, a new study by two veteran political analysts, Bill Galston and Elaine Kamarck published by the Progressive Policy Institute. Its a timely and incisive exercise in political reality therapy for President BidenJoe BidenBiden expected to call for nixing normal trade relations with Russia Senate averts shutdown, passes .6B in Ukraine aid GOP senators urge Biden to expedite transfer of airpower, air defense systems to Ukraine MORE and his party, whose public approval has cratered over the past year.

By ignoring defecting swing voters, the authors warn, Democrats could not only take a beating in November but also reopen the door to Trumps return, putting our democracy at risk.

Galston and Kamarck, who served in previous Democratic administrations, dissect three persistent myths that blind their party to todays electoral realities. The first is that people of color are a political monolith welded together by the common experience of discrimination. For decades, party strategists have been predicting that, as their share of the electorate inexorably grows, minorities will combine with white progressive activists to propel Democrats into permanent majority status.

That hasnt happened, for two reasons. First, people of color dont think alike or see themselves as fellow victims of societal oppression. Second, working-class Blacks and Hispanics generally have more moderate views than college-educated and affluent white progressives.

Democrats were shocked in 2020 by Trumps gains among Hispanic voters, and their drift toward Republicans continues. Galston and Kamarck note that Hispanic and Black attitudes diverge across a range of issues, including police reform, critical race theory, foreign policy and governments role in assuring economic opportunity.

They suggest that the Hispanic trajectory in the United States may instead follow that of other immigrants who came here voluntarily. Democrats must consider the possibility that Hispanics will turn out to be the Italians of the 21st century, family-oriented, religious, patriotic, striving to succeed in their adopted country, and supportive of public policies that expand economic opportunity without dictating results.

The second myth is that economics trumps culture. Progressives believe that if only Democrats would champion a truly transformational plan for government action to trammel predatory capitalism and deliver public benefits to working families, voters would tune out the Republicans diversionary cultural war messages and come home to the party of FDR.

But social, cultural and religious values are intrinsically important to U.S. voters of all stripes, whatever their economic circumstances. So simply amping up economic populism isnt going to allay voters qualms about progressive rhetoric on crime, immigration, education, race and gender.

In fact, it works the other way: Democrats will need to embrace cultural moderation if they want to get a hearing on their economic agenda. Even so, working-class voters seem more interested in better jobs and prospects for upward mobility than hand-outs from Washington. Aspiration, not redistribution, seems to matter most to swing voters.

Third is the myth of a progressive ascendancy in the Democratic Party. In fact, the party is about evenly split between self-described liberals and moderates and conservatives. Among U.S. voters generally, Galston and Kamarck note that only 7 percent describe themselves as very liberal and only 9 percent associate themselves with the democratic socialist policies of Sen. Bernie SandersBernie Sanders Sanders calls for end to MLB antitrust exemption Reality therapy for Democrats Former Bernie Sanders press secretary: proposed defense budget includes excessive amount for private contractors MORE (I-Vt.) and the House Squad.

This basic electoral math explains why the lefts base mobilization theory of victory always comes up short. Turnout broke records in 2020, but instead of producing a more progressive electorate, the influx of voters helped Republicans more than Democrats.

In a fascinating discussion of the new structure of U.S. politics, Galston and Kamarck illuminate an extraordinary partisan deadlock. In the nine elections between 1988 and 2020, no candidate has come close to a 10-point victory margin, and five of the past six have been settled by margins of less than 5 percentage points. In five of these elections, the winner failed to secure a majority of the national popular vote"

Until this impasse is broken by a political realignment, swing voters will determine election outcomes. Thats true, the authors note, even though the number of swing states has shrunk dramatically.

Rather than currying favor with progressive activists, Democrats should sharpen their appeal to the persuadable voters in the battleground states of the past two election cycles. They need to replicate Bidens success with college-educated suburbanites, and his modest but significant inroads among white working-class voters. They also need to get a better handle on what working-class Hispanic voters really expect from political leaders, and work to prevent further slippage among blue-collar Black voters.

While leftwing purists may not appreciate it, Galston and Kamarck have done their party a great service by illuminating a pragmatic path toward building durable governing majorities.

This is not their first rodeo. Way back in 1989, they wrote the original Politics of Evasion, which punctured the consoling myths Democrats fell back on to rationalize a long string of presidential defeats. That analysis helped make the case for the New Democrat renovation of the partys agenda and Bill ClintonWilliam (Bill) Jefferson ClintonReality therapy for Democrats LIVE COVERAGE: Biden delivers State of the Union A promise kept: How Biden can come away with a win this SOTU MOREs subsequent success in snapping the Democrats losing streak.

If Democrats want to avoid disaster in November and keep Trump sidelined, theyd be wise to read the sequel.

Will Marshallis president and founder of the Progressive Policy Institute (PPI).

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The strange, sad Bay Area diet cult that fell apart over a chicken pot pie – SF Gate

Posted: at 11:58 am

The 7-Eleven trip should have done Wiley Brooks in.

For most dieters, his shopping list on that fateful day in 1983 (chicken pot pie, chili and biscuits) would be, at worst, an embarrassment. But Brooks was no average weight-watcher. He was the founder of the spiritual and pseudoscientific movement known as Breatharianism, famous for spreading the gospel that humans could live on air alone. He claimed he hadnt eaten in 19 years. To his followers, the binge was an unforgivable sin as if God himself had taken a bite out of the forbidden apple.

The allegation of convenience store consumption came from Lavelle Lefler, co-founder of the Breatharian Institute, then based in Larkspur. The truth is he sneaks into 7-Elevens and fast food places and eats just like the rest of us except worse because he has to rely on places that are open late into the night, she told United Press International in 1983. Brooks shot back that Lefler was a scorned ex-lover, but more allegations emerged, including an assistant who said hed spotted Brooks drinking a can of Coca-Cola. A mass mutiny soon followed.

Yet that very public scandal didnt stop Breatharianism. Instead of dying out, the movement spread around the globe, fracturing over the decades into stranger, more dangerous forms. Its even helped shape health and wellness culture as we know it today.

A 1981 photo of the tent Wiley Brooks slept in outside his then-home in Boulder, Colo.

How Brooks became a Breatharian is as nebulous as the science behind his claims. He certainly wanted to make a name for himself; the hopeful holy man first gained national attention in 1980 by deadlifting 1,100 pounds on an ABC variety show called Thats Incredible! while bragging that he hadnt eaten in nearly two decades. While the Daily Mail reported hed been a New York-based sound engineer for the likes of Jimi Hendrix and Led Zeppelin, this reporter has been unable to find any evidence that he mixed for these titans of rock. A year after his bodybuilding stunt, with the spotlight dimming, he appeared on Tom Snyders The Tomorrow Show to argue once again that anyone could subsist exclusively on air and sunlight.

The idea of extended fasting is centuries old. An ancient Hindu text, the Ramayana, referred to saints who could sustain themselves on air and sunshine; some modern Jains have claimed to fast for months at a time. Brooks himself said hed learned the secret from an Indian fakir, or religious ascetic.

Breatharianism is a philosophy that believes that the human body, when its in perfect harmony with itself and nature, is a perfect Breatharian you know, all the constituents that we need is taken from the air we breathe, Brooks told Snyder, in front of a studio audience that seemed both amused and entranced by his words.

There is only one thing that keeps the human body alive, and that is breathing. The food that we take is the same as any other thing we take into the body as it becomes a habit. In other words, eating is an acquired habit, just like alcohol or smoking cigarettes.

He went on to make other strange, spurious claims, including that Breatharian mothers dont need to feed their babies, who are born able to survive on air and sun. He also said that hunger strikers who die are killed by their death wish, not from starvation.

Basic scientific knowledge of the human body notwithstanding, Brooks message was beguiling, taking the nascent popularity of New Age culture at the time and translating it into the language of what we now call wellness. With his heavy focus on spirituality, he made the leap from diet peddler to guru.

The Breatharian sales pitch began with Brooks himself. This was a fit and dapper man, who, at the age of 45, lifted nearly 10 times his body weight on national television. While he did admit to an occasional glass of water or juice, he claimed to need nothing else but an hour of sleep a night. He seemed to suggest that if he could muster this miraculous, otherworldly state, then anyone could.

All the things we've heard about, we must get old, we must get weak, ... that is not the case, he told Snyder. When a person gets older and wiser, he should get younger. He should not die in an unhealthy body.

Despite his many public detractors including the Pacific News Service, which called Breatharianism a diet cult Brooks soon had a healthy cohort of followers. He opened the Larkspur-based Breatharian Institute at the end of 1982 and began teaching classes. Dozens of adherents paid $500 for lessons from the master himself.

In the first session, Brooks advised against starting with fasting. Rather, he wanted his followers to first clean their blood by eating foods with a yellow vibrational quality. This encompassed everything from grapefruit, papaya and chicken to Haagen-Dazs rum raisin ice cream.

Over the years, his story and his rules about what Breatharians could and could not eat kept changing. Its even possible the foods with yellow auras were based on whatever he felt like eating that day. In 1983, institute co-founder Lefler told the San Bernardino County Sun that the man loves Colonel Sanders and could eat a dozen donuts in a single sitting. Brooks responded to allegations of inconsistency by saying the true message of Breatharianism did not depend on whether he ate or not anyway, according to a Pacific News Service story about the mass exodus from the Breatharian Institute that followed Leflers public statements.

Michelle Pfeiffer speaks onstage at The Hollywood Reporter 2021 Power 100 Women in Entertainment, presented by Lifetime at Fairmont Century Plaza on Dec. 08, 2021, in Los Angeles.

Most of what happened to Brooks for the rest of the 80s has been lost to history. One hint, though, came in 2013, when the actress Michelle Pfeiffer said shed been introduced to the cult by a very controlling couple as a young up-and-comer in Hollywood.

The Breatharian Institute moved around several times over the next few years, using similar grifts in new locations: first Arlington, Texas, then Bellevue, Washington. His logic shifted again in 1993, when he told the Seattle Times that he no longer believed food was an addiction. Though he still believed food was a poison, he also believed it could serve as medicine, a salve for low-quality city air. He himself occasionally balanced his aura with orange juice, honey and Twinkies, he said.

It got even more odd, and arguably, less healthy at the turn of the century. In 1999, he opened a new Breatharian Institute in Santa Cruz, and began teaching seminars in the Sierra Nevada focused on "the fountain of youth" and "how to obtain everlasting life and live from now on, forever.

I guarantee it! Wiley wrote on the Breatharian website.

In 2009, the official gospel of Breatharianism was updated again, this time with a convoluted explanation of how a McDonalds cheeseburger meal and a Diet Coke can help keep a Breatharian healthy. In a fifth-dimensional universe, apparently, the base frequency of the meal aligns with the needs of man.

Around the time he began to endorse McDonalds meals, Brooks began to peddle an elixir of the gods, a 32-ounce bottle of water that supposedly flows from the legendary fountain of youth and immortality in the Garden of Eden, and costs up to $10,000. By the 2010s, of course, Brooks followed the trends of conspiracy and began decrying the Illuminati and chemtrails for making it harder to become a Breatharian.

When Brooks himself ascended to a higher plane in 2016, at the age of 80, his vision of Breatharianism was a sad fringe phenomenon with a few adherents devoted to its founder. But his philosophy had spread widely even after his 80s downfall, with at least a dozen gurus taking up the mantle of Breatharianism around the globe in the 90s and onward.

The most prominent Breatharian, following Brooks brief reign, was Jasmuheen, an Australian woman born as Ellen Greve. Throughout the 90s, she claimed to subsist merely on air and a few cups of tea until the Aussie news program 60 Minutes debunked her entirely. When they locked her in a hotel room for 48 hours, she quickly developed high blood pressure and severe dehydration. (She claimed that she was not provided fresh air in this experiment, where seventy percent of my nutrients come from.)

Jasmuheen speaking at an event on Nov. 6, 2010, in Long Beach, Calif.

Jasmuheen, like Brooks, was also regularly accused of eating. A journalist once found her with a fridge full of food, and she was once caught ordering a plate of airline food. (She claimed that both were for her partner.)

Tragically, the popularity of starvation-as-religion eventually led to the deaths of at least two people: a 49-year-old Scottish woman named Verity Linn and a 33-year-old Australian named Lani Morris. Both died from dehydration midway through extended fasts in remote areas. Both owned copies of Jasmuheens book, Living On Light.

Jasmuheen denied responsibility for their deaths.

Even though Brooks was widely ridiculed in the media, its easy to see why his ideas found a foothold in the 80s and 90s. Low-fat and low-calorie junk foods like Lean Cuisine and Diet Coke filled Americans fridges and minds, turning food into a deep source of shame. The idea of self-restriction as the essence of health and beauty was shamelessly promoted in books and daytime television.

The rise of wellness culture has given new oxygen to Breatharianism, as it wraps starvation diets in the costume of spirituality and health, trading sugar-free cookies for juice cleanses, intermittent fasting and Keto diets. In 2014, Ukrainian woman Valeria Lukyanova also known as the human Barbie claimed she was a Breatharian who only ate cosmic micro-food. In 2017, the California- and Ecaudor-based couple Akahi Ricardo and Camila Castillo claimed to have skipped food for at least three years including during Castillos first birth.

Ukrainian model Valeria Lukyanova walks the runway during the Dosso Dossi Fashion Show in Antalya, Turkey, on Dec. 17, 2015.

And in 2017, a 22-year-old German man named Finn Bogumil was so strongly inspired by Breatharianism, he died of fasting.

Wellness culture, like Brooks, tells us to fear aging and detest weight gain, as if these things are moral failures rather than an inescapable part of the human condition. Whether through nutritional deprivation or immortality-through-technology, transcending the body and its flaws is all the rage right now. And what comes after humanity but holiness?

People dont know what God looks like and who He is, Brooks told Vice toward the end of his life. Why in the hell couldnt it be me? Why couldnt it be you?

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Why the cryptocurrency community is celebrating Biden’s executive order – The Verge

Posted: at 11:56 am

The White Houses plan for digital asset regulation is here, and though the order doesnt say much, cryptocurrency advocates are treating it as a win. Maybe that was inevitable, after a great deal of Twitter FUD (investor-speak for fear, uncertainty, doubt) about what the order would contain. The actual text, despite being a bit vague, is nonetheless a positive for the industry not least because it gives everyone some time.

There have been a few last-minute attempts to regulate cryptocurrency. There was, for instance, the time the Trump administrations Financial Crimes Enforcement Network attempted to push new proposed regulations over Christmas. (This was suspended.) There were also the proposed tax changes in last years infrastructure bill. (They passed.)

Im really excited that there will be an opportunity to be part of discussions to keep the US a leader in this space, says Kristin Smith, executive director of the Blockchain Association, an industry group. (The Trump-era FINCEN proposal ruined her Christmas that year.) There arent a lot of surprises in the EO the list of issues are ones that lawmakers and industry insiders have been discussing already.

Theres another reason for the crypto community to celebrate: the order legitimizes digital assets by treating them as worthy of measured regulation. Its approach sidelines cryptocurrencys most dogged skeptics and leaves people who think crypto is planet-destroying nonsense and there are a lot of those people! with few friends in DC to represent their point of view.

The order instructs agencies to develop policies that will protect consumers, investors, and businesses, as well as to guard against systemic risks. The Biden order specifically tells agencies to figure out ways to minimize any risks posed by illicit uses for cryptocurrency. But it also directs the Department of Commerce to figure out how to keep the US competitive in the development of digital assets.

People were concerned it would focus solely on the risks, says Blake Estes, a partner at Alston & Bird, who focuses on fintech. Hopefully, it gives more serious people comfort that they can enter the space and do serious projects and they wont be regulated out of existence.

The US government has been looking into all of this regulation already, and the executive order falls short of being a clear roadmap. But the emphasis on innovation in the text of the order as well as ensuring the responsible development of digital assets suggests that a crackdown on cryptocurrency is unlikely. The response from cryptocurrency enthusiasts has emphasized that.

Digital assets have immense potential economic and social benefits for countries that establish sensible regulation, wrote Faryar Shirzad, the chief policy officer at Coinbase, on Twitter. He wants to see the public brought into the process of regulating cryptocurrency, saying it is essential to get input from people whove been thinking about it for years. This is a hopeful moment.

The EO is just further affirmation that when serious officials take a sober look at crypto, the reaction is not to light their hair on fire, wrote Jerry Brito, executive director of Coin Center, a DC crypto think tank, on Twitter. Instead, the EO emphasizes that the US wants to remain competitive, fostering innovation while minimizing harm.

The acknowledgement from the White House and the Biden Administration that this sector warrants a whole-of-government approach to at once harness opportunities while controlling and managing inherent risks in responsible innovation is encouraging, wrote Dante Disparte, chief strategy officer of Circle, the company behind a dollar-pegged stablecoin called USDC, in a blog post.

The order also advances the central bank digital currency (CBDC), which may also mean a digital dollar. Sovereign money is at the core of a well-functioning financial system, macroeconomic stabilization policies, and economic growth, the order says. For this reason, researching, developing, and exploring deployment of a CBDC is of the highest urgency. That could mean faster and cheaper payments across countries borders and so the order calls for a report from agencies including the State Department and Homeland Security to weigh in on the future of money and payment systems. The Federal Reserve released its own, rather ambivalent, report on CBDCs earlier this year.

The order suggests that the US needs to develop a CBDC to maintain the dollar as the worlds reserve currency, notes Alan Konevsky, chief legal and corporate affairs officer of tZERO, a crypto trading system. The subtext there, as I read it, is that we need to do this to be leaders, Konevsky says.

While Konevsky feels the tone of the order overall isnt necessarily friendly, he, too, thinks the orders existence is a recognition of both how important and how mainstream digital assets have become. If the US has to build a CBDC in order to remain competitive, that may be all the validation the cryptocurrency community needs that their technology is important.

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Why Cryptocurrency Regulation Is Actually A Good Thing for Investors, According to These Experts – NextAdvisor

Posted: at 11:56 am

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Cryptocurrency regulation can be a controversial topic, but plenty of experts say crypto investors should welcome it.

For starters, more regulation could mean more stability in a notoriously volatile crypto market. Regulations will come up and they have to come up at some point, which would stabilize the market even further, says Tally Greenberg, head of business development at Allnodes, a platform that provides hosting, monitoring, and staking services. That protects investors, so its a good thing. Its not a bad thing.

Still, many cryptocurrency enthusiasts fervently oppose new regulation. They say it would hinder innovation and goes against the spirit of cryptocurrency, which emphasizes decentralization at its core.

For these anti-regulation crypto enthusiasts, the decentralized nature of digital currencies which, unlike traditional currencies, arent backed by any institution or government authority is a big draw. So in this view, any new regulation would pose a threat to the decentralization that is a feature, rather than a bug.

New regulation also has the potential to protect long-term investors, prevent fraudulent activity within the crypto ecosystem, and provide clear guidance to allow companies to innovate in the crypto economy, according to Aaron Klein, a senior fellow in economic studies at the Brookings Institution, focused on financial technology and regulation. But forthcoming regulation will need to strike the right balance, he says.

In reality, you kind of have three possibilities: no regulation, bad regulation, good regulation, Klein says.

While a rise in mainstream adoption of crypto in 2021 led to a running debate on the role of the government in this largely unregulated sector, clear rules are still in development. This has left the industry guessing while thousands of tokens and digital currencies are introduced, and new companies and platforms emerge to help store and trade them.

Policies havent been devised yet, because theres no precedent to blockchain and crypto, so its a hell of a task, says Greenberg. I understand why people are stalling on it, but something needs to happen soon.

Recent conversations on Capitol Hill suggest its not a matter of if further regulation is coming, but when. President Biden signed off on new crypto legislation related to taxes in the $1.2 trillion bipartisan infrastructure bill late last year. And the Federal Reserve is toying with the idea of issuing a U.S. digital currency.

The Fed released a long-awaited report in January exploring the costs and benefits of a government-issued digital currency. The report ultimately deferred a final decision on whether to move forward, and the Fed is giving the public and other stakeholders until May 20 to share their input before taking further action. Stablecoins are also a hot button topic, and many experts anticipate it will be the first type of cryptocurrency to be regulated.

While new regulation has the potential to bring more stability to the crypto market, its still a highly volatile and speculative investment. Thats why financial experts advise most investors to keep crypto holdings to under 5% of their portfolios, and never to invest in crypto at the expense of saving for emergencies or paying off high-interest debt.

We asked experts for their take on the changing crypto regulatory landscape. Heres why they say more regulation would be a good thing for long-term crypto investors.

Regulating cryptocurrencies could be a healthy development for the industry, at least where everyday investors are concerned. Greater regulatory guidance, if well targeted, could help reduce speculation among crypto assets. Less speculation can lead to higher investor confidence, which could draw in more long-term investors who have so far said no thanks to a highly speculative, volatile crypto market.

Even if it doesnt bring more people in, it may change peoples current behavior, says Klein. Enthusiasts claim there are a lot of benefits cryptocurrency has over fiat currency and other asset classes, but those benefits can only come to full fruition if an appropriate regulatory framework is put into place, according to Klein.

Its hard to predict how the price-sensitive asset class will react to regulation over the long term, since itll depend on whether the U.S. government takes a more lenient or stringent approach. In the short term, any new regulation could inspire knee-jerk investor reactions to the markets, suppressing the trading values of cryptocurrency. For example, when China banned cryptocurrency transactions in September 2021, cryptocurrency markets dropped. But over the long term, regulation may have the potential to stabilize the market and reduce some risk for cryptocurrency investors, says Greenberg.

To be clear, new regulation could slow the roll of those trying to get rich quick by predicting the next coin that goes to the moon, she says. But thats a good thing for long-term investors.

Slowly but surely, we are not only being massively adopted as an industry, were also stabilizing more or less. Regulation will stabilize the market even further, says Greenberg

Crypto investors currently have little to no protection in the market, as there is no regulatory framework in place to ensure protection of assets.

Some exchanges maintain compliance with evolving federal and state regulators in the United States. This includes many established, high-volume U.S.-based exchanges, like Coinbase and Gemini, but theyre not regulated similarly to public stock exchanges or alternative trading systems. That can be problematic, according to Timothy Massad, former chairman of the Commodity Futures Trading Commission and a senior fellow at the Kennedy School of Government at Harvard University.

Most of the trading that goes on in the crypto world today is not regulated by any federal authority, and thats a big gap, says Massad. That means that investor protection is much, much weaker on these big exchanges than it is in our securities markets or our futures market.

Thats why regulation is needed to make the market safer, says Klein. Crypto will still likely be a risky investment, like individual stocks, but investor protections could make the market less vulnerable to outside manipulation. Safer markets can lead to more investor confidence, which often means greater value over time.

[Regulation] is important for investor confidence. Its important for basic fairness, and ultimately its important for the industry to grow, says Klein.

Crypto has been described as the Wild West by SEC chair Gary Gensler due to lack of regulation in the industry. The lack of laws and policies over this burgeoning area has created an opening for widespread fraud, scams, rug pulls, and market manipulation.

Crypto isnt subject to requirements to prevent fraud manipulation. Its not subject to standards on conflicts of interest, says Massad. My point is simply that we dont have the same kind of standards that we have in other markets. Today, that means buyer beware, essentially.

Crypto crime has grown tremendously over the last two years. Scammers took $14 billion worth of crypto last year, a record compared to the $7.8 billion taken by scammers in 2020, according to a report by blockchain data firm Chainalysis. And there are more than 17,000 altcoins, which are typically even more volatile and speculative than Bitcoin, and come with a higher risk of crypto scams and frauds. Even the most advanced and enthusiastic cryptocurrency experts understand there are many new and evolving risks in the world of crypto right now.

But there are several ways to protect your crypto. For starters, watch out for some common red flags that are similar to classic money wiring scams and credit card fraud, like obvious misspellings in emails or social media posts, promises to make you rich, or even large-scale social media crypto schemes known as rug pulls.

To protect your digital wallets from hackers, practice good digital security habits such as using a hot or cold wallet for extra safety or keeping your crypto in an exchange with robust security. Its also extremely important to keep track of your wallet key and not show it to anyone. Losing your key or having it stolen could mean losing your crypto altogether.As much as I like the decentralization and the lack of government [involvement], I am glad that they are paying attention, because unfortunately with cryptocurrency, there are a lot of scams, Kiana Danial, author of Cryptocurrency Investing for Dummies, recently told NextAdvisor.

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