Speed
Move fast and break things.
Executive Orders – Tracking Spreadsheet
Click the link to see an updated spreadsheet, tracking all of Trump’s Executive Orders.
Nasdaq CEO Pushes for Regulation Shift Under New Administration
Hallelujah. Here’s to outcome-oriented regulation.
‘“There is opportunity to work with the administration to rethink some of the levels of regulation and requirements for public companies themselves, and make sure that it is more balanced between being a public company and a private company.””
Trump signs AI executive order
Sacks is on the clock to deliver a new AI policy.
‘OMB is granted 60 days to revise Memorandums M-24-10 and M-24-18, both of which were issued under the Biden administration and were related to AI technology procurement and usage in the government.
‘After Trump promised on the campaign trail to repeal Biden's executive order on AI, many expected anti-bias provisions to draw extra scrutiny as the new administration looks to clear barriers to the development and use of the technology.
‘The new order says that AI systems should be "free from ideological bias or engineered social agendas."’
Why We Should Let Bad Banks Fail
Self-regulation on top of FDIC insurance? We’ll never know as this argument is entirely academic; the culture of the financial services bail-out is entrenched, I suspect.
‘But here’s the rub—people who invest in bad businesses should lose. SVB’s failure is a reflection of the fact that it was a wealth shredder. It took depositors’ perfectly good cash, and converted it into now severely devalued bonds.
‘Banks that destroy wealth shouldn’t be allowed to continue to do so indefinitely. And when depositors make a “run” on bad banks, they’re performing a public service.’
Trump can fix biased, bloated bureaucracy — by abolishing the civil service
Without a credible threat of being fired, can there be any accountability and subordination in the civil service?
‘This “rotation in office” had several advantages, which were widely appreciated at the time and propounded by presidents from Jefferson to Jackson to Lincoln.
‘Chief among them: Instead of an entrenched bureaucracy, rotation in office meant fresh blood.
‘Contrary to popular belief, the arrival of a new president didn’t mean that everyone with a government job left it.
‘Even Andrew Jackson, upon taking office as an iconoclastic outsider, replaced only about 10% of the federal workforce with his own people.
‘Every president understood the value of continuity — and hiring new people is hard work.
‘But under the spoils system, the fact that the president could replace anyone meant that everyone worked for him.’
Trump's rapid changes in US government stun federal workers
Everyone is shocked that Trump started doing what he said he was going to do.
‘Still, the speed of Trump's swift and coordinated moves targeting workers at a swath of government agencies shocked federal employees in Washington and even public sector unions who had spent months anticipating Trump's arrival.
‘"A lot of people did not expect him to act with such a broad stroke," said Don Quinn, an employment lawyer who represents federal employees. "And so there's definitely a sense of disbelief. There's fear - people are concerned about their livelihood, people are concerned about their families."’
Trump accelerates campaign to remake federal bureaucracy
Administration sets up a reporting culture to identify areas and people who intend to block their deregulatory efforts.
‘A memo distributed to thousands of federal workers across the government on Wednesday commanded employees to turn in co-workers who sought to "disguise" DEI efforts by using "coded language," warning that a failure to report relevant information would trigger "adverse consequences."
‘Officials overseeing DEI programs in numerous agencies and departments were put on leave on Wednesday, and their offices were set for permanent closure by month's end.
‘The steps against diversity were part of Trump's broader campaign targeting the federal bureaucracy, which he has sometimes disparaged as the "deep state" secretly working against his agenda.’
Crypto execs see clear path for U.S. to pass regulation this year as Trump fuels market hype
Lack of regularity clarity empowers bureaucrats to pick winners and losers, crypto edition.
‘“You have to remember: the last four years, we really felt like we were being attacked by this administration,” Armstrong told CNBC in a TV interview at the World Economic Forum’s annual event in Davos, Switzerland.
‘“They tried to weaponize the lack of clarity in the rules to really push back, even on the good actors,” Armstrong added. “There were some bad actors too, to be fair — but they even really tried to go after the good actors, I think, like us.”’