A Growing Unease Over Government Demands for Financial Data

Also, election bets go live as the CFTC loses in court; SEC chief accountant on how firms can avoid crypto custody guidance

With the noble goals of catching criminals and keeping the financial system stable, the U.S. government has built up access to a huge swath of data on Americans – from bank transactions to stock trades to the ownership of small companies. It hasn’t been cheap for business, as the banks and brokers deputized to help collect the information regularly poin…