Ikenomic Insights

  (Originally published at Forbes .) Public corporations are testaments to the genius and vitality of capitalism. They encourage innovation and its commercialization. They raise and allocate capital efficiently. They enable large-scale production and distribution that reduces costs and improves our quality of life. And they offer broad access to investing and opportunities for wealth accumulation. Essential to this virtuous cycle are boards of directors that take their fiduciary responsibilities to protecting shareholders’ interests seriously. This is more than a hypothetical concern. With increasing frequency in recent years, corporate boards have become targets of outside investors – often activist hedge funds or private equity interests – intent on redirecting businesses toward investments and other activities that may be inconsistent with their obligations to shareholders. This is not only a dereliction of fiduciary responsibility, but a real threat to innovation and wealth cre...

(Originally published at Forbes .) Two seismic events in 2024 may prove beneficial to investors in blockchain applications and the future of technology innovation in the United States. First, the Supreme Court’s overruling the 40-year-old “Chevron Doctrine” marks the beginning of a process that will restore greater clarity and consistency to the regulatory environment. Second, Vice President Kamala Harris’s rise to the top of the Democratic ticket provides fresh opportunities for her and her party and to fully grasp the importance and vitality of these industries to the U.S. economy and establish, reset, and cultivate relationships with its superlative entrepreneurs and innovators. Cryptocurrencies and other blockchain technologies have weathered a long period of regulatory uncertainty (and persecution ), which has had the effect of stunting innovation and chasing investment dollars to more welcoming foreign shores. Fortunately, in 2024, there has been increasing bipartisan receptivit...