Largest Crypto Exchange Names Ex-U.S. Senator Baucus as Adviser
Bloomberg 3/11/2021 Joanna Ossinger
(Bloomberg) Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has named prominent former U.S. politician Max Baucus as a policy and government-relations adviser.
Baucus, a 79-year-old Democrat who served as Senator from Montana for more than three decades including a seven-year stint as Chairman of the Senate Finance Committee, and later as U.S. ambassador to China from 2014-2017, will provide guidance and policy advice covering some of the world’s most important financial jurisdictions and agencies, according to a statement from Binance. He will also liaise with U.S. officials on best practice and policies affecting the industry, it said.
conservative state, and he wouldn t have lasted very long in washington voting or sounding like say elizabeth warren. here s what is so notable about so many of the items in max baucus s record that are objectionable. when you scratch the surface they don t seem to have a lot to do with public opinion either in montana or anywhere else. i doubt there was a ground swell of support for the fiscal cliff deal or raising the payroll tax for that matter or permanently repealing the estate tax or disallowing the government from using purchasing power to negotiate lower drug prices with big pharma. no. the way to understand max baucus in the center isn t in terms of where the median voter is or the peak in the bell curve distribution of americans political views because the center in american politics is much less often the place of sensible moderation and much more often the name we give to the place where power resides. we ll be right back with click three.
obama administration more than any other current member of purpose. the reason is twofold. one is that senator baucus is the chair of the finance committee, arguably the most powerful committee in the senate. the finance committee, quote, helps dictate how the government raises almost all of its money and spends nearly half of it. the other quality that makes max baucus such a ripe target for lobbying and people with an in to him so valuable is he is not an idealogue. say what you want he is in the center kind of. there is a tool political scientists use to score where lawmakers land on the left/right spectrum. with senators ranked in the 112 itth congress with number one being most liberal baucus landed at 45. only a handful of democrats ranked more conservative. here is max baucus occupying the lonelily and quickly evaporating center of american politics we all pine for, the center we all lament the vanishing of. the problem we all say in washington is we have these extremes, the lef
people who are working for k street lobbying firm is because with this news they are suddenly far less valuable lobbyists. if you think this is just me cattaraugusi i casting aspersions this was studied and it showed that lobbyists with experience in the office of a u.s. senator suffer a 24% drop in generated revenue when that senator leaves office. baucus land is influence that stretches west from capitol hill where baucus has served for nearly four decades, the first four as a congressman, the past 34 years as senator, out into the vast hill side of lobbying and influence peddling that is washington, d.c. in fact, in such a it is such a legendary nation, baucus land the new york times saw fit to write an entire article about the universe of people who moved from senator baucus office to k street. at least 2 aides since 2001 have lobbied on tax issues during the
together. here is max baucus in the center. it turns out that max baucus occupying that center and max baucus being an incredibly lucrative person to have previously worked for have a little bit of a connection because with max baucus in the center you don t know which way he is going to go and that means max baucus might be persuadable on any number of pet projects that clients of these lobbyists want to persuade him on. here are the items that bear noting. the items baucus was persuadable on. cowriting the bush tax cuts and unfunded medicare prescription drug plan, protected big pharma profits, a 2009 bill that would have prevented foreclosures, extending the gang of six health care negotiations which helped opponents gather momentum not to mention his opposition to the public option and more recently according to new york times the fiscal cliff decisions like tax deferments that happened to benefit staffers in the billions of dollars. i like some of max baucus s defend earns they