UP FROM "UNBANKED" Torres believes crypto can help bolster low-income communities like his Bronx district.
IN EARLY DECEMBER, U.S. Rep. Ritchie Torres stood at a lectern embossed with the congressional seal in his district office in the Bronx, staring with his head cocked at a line of local news cameras.
The cryptocurrency exchange FTX and its wunderkind founder Sam Bankman-Fried, a darling in Washington, had collapsed a few weeks earlier. Torres was far from Bankman-Fried's immediate orbit, but he was not free from association, either. Since being sworn in to his seat from New York's 15th Congressional District in January 2021 as a Democrat, Torres had allied with a bipartisan group of crypto-curious politicians. Representing one of the poorest congressional districts, Torres argued for crypto's potential to help low-income people build wealth and disrupt the unjust power dynamics of finance.
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The Blackstone Edge
90 DAYS. DOZENS OF INTERVIEWS. BILLIONS ON THE LINE. HOW BLACKSTONE'S CEO-MAKER GETS THE JOB DONE.
When Elon Musk has a really tough job, he turns to Steve Davis. DOGE might do the same.
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ASK ANDY - SHOULD MY STARTUP RAISE MONEY FROM VCS? IF SO, WHICH ONES DO I CHOOSE?
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ELLIOTT HILL - JUST DOING IT
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ON AN EXCURSION to the ancient city of Petra, Jordan, clients helicoptered in after-hours so they could tour the ruins alone.
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How much can DOGE do?
Elon Musk and Donald Trump aim to cut as much as $2 trillion in federal spending. It'll be even harder than it sounds.
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