A surprise regulatory order last week signals Washington has run out of patience with decentralized finance's skirting of rules around tying customer identity to transactions.
Why it matters: The crypto industry has been, from its earliest days, a protest against the rules tying all financial transactions to real identities. Such rules became the norm after 9/11, but fans of bitcoin and subsequent technologies have been partly motivated by seeing how far they could push them.
The Federal Communications Commission approved a long-delayed proposal to crack down on spam texts Friday night after Axios asked agency members why it hadn't moved on the issue.
Why it matters: The number of spam text messages — which can include links or other tricks designed to steal money or personal information — has exploded, with the volume now exceeding that of robocalls.
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