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Trillionaires are a national security risk

Coda Story

With Elon Musk's net worth reaching $1.1 trillion, extreme inequality has become one of the greatest threats of modern times, second only to climate change. The author argues that the financial tricks used by the ultra-rich also undermine national security, and that cracking down on money laundering and cryptocurrency abuses could help reduce inequality. Senator Richard Blumenthal's inquiries into Tether and Binance aim to assert U.S. regulatory authority over dollar-denominated cryptocurrencies, potentially limiting their use by illicit actors.

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