Skip to content
Search

Latest Stories

US Politics In 60 Seconds

Get insights on the latest news in US politics from Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington

Presented by

GameStop stock rally gives policymakers opportunity for legislation

Jon Lieber, who leads Eurasia Group's coverage of political and policy developments in Washington, offers insights on US politics:

First question. Stonks! Will the GameStop stock rally result in new regulation on Wall Street?

The answer is probably, but the interesting thing is, we have no idea what form that regulation might take. The interesting thing about this storyline around GameStop is that the run-up in prices, driven by social media chatter on Reddit, against hedge funds who had shorted the stock, opens up a whole can of worms for how you want to solve the issue, and is most likely going to be an outlet for members of Congress preexisting biases. If you want to regulate hedge funds, well, here's an excuse to do so. If you want to implement a financial transaction tax, this is your opportunity. If you're concerned about consumer protection, data privacy, this could be a hook to get into those issues as well. So, this is a headline grabbing event that's probably going to fade out of the news in a week or so, but it's going to stay relevant to policymakers for several more months, could potentially result in new legislation, or new regulation from the SEC based around investor protection and market structure. So, stay tuned. We're going to be hearing about GameStop for a long time.

Keep reading...Show less

More from US Politics In 60 Seconds

Trump skips debate

Trump skips debate

GZERO Series

Kim Jong Un's winning nuclear bet

GZERO World with Ian Bremmer

GZERO World with Ian Bremmer
Trump gets a "big, fat" concession from Xi

Puppet Regime

Puppet Regime
Iran war ceasefire holds … for now | Quick Take

Quick Take

Quick Take
China plays the long game, Cuba faces mounting US pressure

ask ian

ask ian
Will Trump actually try to "take" Cuba?

Ian Explains

Ian Explains
What spies can teach us about persuasion

GZERO Reports

GZERO Reports
How the Iran war is affecting Europe’s economy

GZERO Europe

GZERO Europe
Hormuz standoff: Who blinks first?

The Debrief

The Debrief