Todd Phillips

Todd Phillips is the principal of Phillips Policy Consulting and a fellow with the Roosevelt Institute.

Todd Phillips

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Opinion

House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass

House Republicans Patrick McHenry and GT Thompson face a central problem with their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips.

(Spencer Platt/Getty Images)

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