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OpenMarket: April 2020

  • Modified Libra Cryptocurrency Still an Innovation, but Clear away Regulatory Barriers for More

    April 21, 2020
    Libra and other cryptocurrencies could serve functions other than initially imagined. The potential for faster payments from Libra and other cryptocurrencies, at a time when the public and policy makers are looking to move money faster, may be the biggest draw.
  • Newsom Doubles Down on AB5

    April 21, 2020
    California Governor Gavin Newsom said there was no chance that he would suspend, even temporarily, Assembly Bill 5, the state law that strictly limits contractors across the state from being able to earn a living while being locked down due to the COIVD-19 outbreak. Better that they sit at home and earn nothing than run the risk of being “misclassified,” he declared.
  • Market Dynamics Will Force Zoom to Reform Faster and More effectively than Government Regulation

    April 21, 2020
    The videoconferencing service Zoom recently ran into some privacy concerns with leaked videos and hacked online meetings. Reaction has been swift and flawed from many politicians. The threat of regulation risks preventing the superior market correction that would otherwise take place.
  • CEI Submits Comments to FCC Reinforcing Public Safety Benefits of Internet Freedom

    April 21, 2020
    Last year, the D.C. Circuit Court of Appeals upheld virtually all of the FCC's Restoring Internet Freedom Order. This order, issued in 2017, rolled back the 2015 FCC’s attempt to impose a form of so-called “net neutrality” through public utility-style regulation of Internet service providers. CEI supported this move to remove heavy-handed, utility-style regulation.
  • New CEI Study Endangers EPA’s Endangerment Finding

    April 21, 2020
    Just in time for the 50th Earth Day, CEI is publishing an Issue Analysis called “The Scientific Case for Vacating EPA’s Carbon Dioxide Endangerment Finding.” The Endangerment Finding, proclaimed by the EPA on December 7, 2009, is the centerpiece for all of the agency’s regulation of carbon dioxide and other greenhouse gas emissions.
  • This Week in Ridiculous Regulations

    April 20, 2020
    Please do all you can to keep yourself and your loved ones safe. Hopefully Congress will also act on some of the #NeverNeeded regulations that are hindering the pandemic response. Meanwhile, regulatory agencies issued new final regulations ranging from telehealth corrections to red crab specifications.
  • EPA Proposes to Retain Current Standards for Particulate Matter

    April 17, 2020
    The EPA proposed to retain the National Ambient Air Quality Standards (NAAQS) for particulate matter established in 2012. Environmental groups predictably condemned the proposal. However, studies of health improvements in areas with declining PM2.5 levels do not establish a causal link between mortality risk and PM2.5 exposures below the NAAQS.
  • Facts, Not Feelings, Should Inform Regulation of the Debt Settlement Industry

    April 17, 2020
    As money gets tight during the COVID-19 pandemic and quarantine, policy makers need to ensure that struggling households have multiple options to manage their debts and stay afloat. One such option is debt settlement, and the good news is that the Consumer Financial Protection Bureau is resisting calls to regulate it out of existence.
  • California’s #NeverNeeded AB5 Is Harming the Coronavirus Response

    April 16, 2020
    California’s AB5 law was already backfiring before the COVID-19 pandemic hit. It has cost thousands of jobs—many of which are home-based. During a time of social distancing, working from home helps keep people safe while allowing them to stay financially afloat.
  • VIDEO: Road Map to Reopening

    April 16, 2020
    The U.S. Chamber of Commerce hosted a fascinating video conference this week entitled “Big Picture: Road Map to Reopening,” with the Chamber’s Suzanne Clark and Dr. William Hanage, an infectious disease epidemiologist at Harvard’s Chan School of Public Health. The event offered some useful observations beyond “more research is needed.”

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