Reed Calloway
Libertarian-leaning policy commentator who thinks most crypto regulation is a solution looking for a problem. Covers policy with a point of view and doesn't pretend otherwise. Former Cato Institute researcher.
Articles by Reed Calloway
ESMA Asks Whether Tokenized Collateral Can Be Sold in a Panic. That's the Only Question That Matters
Europe's securities watchdog wants to know if tokenized collateral can actually be cashed out when markets freeze. The answer will decide whether institutional tokenization stays a private club or becomes real market plumbing, and the EU's current rules cap the whole experiment at €6 billion.
AI's $1 Trillion Borrowing Spree Is Stealing Bitcoin's Fed Pause Trade
Fed minutes show AI infrastructure debt is pushing long-term Treasury yields higher, and that pressure won't disappear when the hikes stop. With 10-year real yields near 2.92%, Bitcoin is competing against a genuinely attractive risk-free alternative for the first time in years.
