Macro Strategy Insights

Crypto Privateers

Now that we are done with the obligatory take on Powell today, we can turn to the more interesting stuff that Academy wrote about in July – Licensing Privateers to Combat Crypto Theft. We want to highlight this, because the Cybercrime Marque and Reprisal Authorization Act to Combat Foreign Scam Syndicates was introduced to Congress. Quite a long name for the Act (might need something catchier), but you can find the entire text here. It launches right into the concept: “Article 1, Section 8 of the Constitution grants the Congress the power to grant letters of marque and reprisal to ... Crypto Privateers

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