Senator Toomey killed a bill that cryptocurrency and private equity hated. Now he’s got positions in both industries. That can’t happen again.
[…] Management and the cryptocurrency exchange Coinbase—that vigorously opposed the bill. This swift transition from regulating and policymaking to cashing in is the most obvious problem with the revolving door in Washington. Most importantly, this type of corruption creates bad policy by rewarding members of Congress for putting the interests of the wealthy few over the […]