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After a decade of explosive growth, digital assets are rightfully moving into the financial mainstream. Financial institutions from NYSE to Nasdaq are investing in plans to integrate digital assets and tokenized securities. Even U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has claimed that much of the financial system could move on-chain within " a couple of years ." In preparation for this shift, the SEC is expected to announce an innovation exemption f

This piece was written in response to an article in the Wall Street Journal linked here. While the FDA continues to navigate challenging headlines pointing to organizational problems and widespread criticism, one area within the agency stands out. Over the past year, the FDA’s Center for Tobacco Products (CTP) has become a notable bright spot—delivering real results for an agency working through significant institutional challenges. The CTP has been responsive to industry ex

Louisiana holds one of the richest energy portfolios on Earth: abundant resources, unmatched ports, a proven workforce, and a strategic position at the crossroads of global trade. We should be the undisputed leader in America's energy story. Instead, we are locked in a defensive battle over our own backyard. A new Pelican Institute report, Barriers to Louisiana Energy Dominance , cuts straight to the core issues: outdated policies, regulatory uncertainty, runaway litigation,

By Rajesh P. Narayanan | Professor of finance, Louisiana State University After months of bipartisan negotiations, Congress continues to debate crypto market structure legislation, though questions remain whether common sense investor protections will be included in a new federal framework for digital assets. These proposals address fundamental questions aimed at providing needed clarity for digital asset markets, including around agency jurisdiction, and trust and confidence

By Rajesh P. Narayanan, Ph.D., Louisiana State University The Credit Card Competition Act, sponsored by Senators Durbin and Marshall, aims to inject competition into credit card networks and lower costs for merchants and consumers. The legislation requires issuers with over $100 billion in assets to enable at least two unaffiliated payment networks and gives merchants control over transaction routing. Community banks are explicitly exempt from this threshold. Yet despite thi

By Meghan Thacker Data Centers are coming and they are here to stay. McKinsey has forecast total capital expenditures of $1.7 trillion on AI data centers by 2030, excluding the IT hardware involved – which makes for a bigger number. Louisiana is well-positioned to take advantage of this new industrial era thanks to the state’s robust industrial and energy infrastructure and pro-growth policies being implemented under the leadership of Governor Landry. In addition to the Me

Submitted by DK Willard Louisianans are no strangers to hard work. We consistently rank as one of the hardest working states in the country, with many residents working overtime to pay down loans, invest in their first homes, and create financial stability for themselves and their families. Now, digital assets and new financial technologies are becoming integral to everyday investing, providing new tools to help Americans build financial security in ways previously thought t

Dear Editor, No matter how strong of a support system someone has, it can’t fix a healthcare structure that seems designed to exhaust people. The biggest frustration I hear, whether it’s from relatives, neighbors, or coworkers, is the constant interference from pharmacy benefit managers. These middlemen companies don’t treat patients or write prescriptions, yet they have enormous power over what medications people can access. In the end, they profit off everyday families,

By Dr. Rajesh Narayanan, Hermann Moyse Jr./Louisiana Bankers Association Professor of Finance Short-term funding markets sent an unmistakable signal at the end of October: liquidity in the U.S. financial system is tightening in ways that extend well beyond routine quarter-end adjustments. Usage of the Federal Reserve’s Standing Repo Facility surged past $50 billion—the highest since the COVID crisis—at the exact moment the Fed’s Overnight Reverse Repo facility fell to just $2

By Jeffrey Gerrish President Trump keeps proving his critics wrong, especially when it comes to his trade policy. When he announced his “Liberation Day” tariffs in April, investors panicked, and the stock market sold off 20 percent in a matter of weeks. Economists predicted soaring inflation and an imminent recession. Foreign policy analysts scoffed at the president’s pledge to negotiate better deals with trading partners. None of that doom and gloom has come to pass. Stocks

Louisiana’s thriving energy economy is a testament to the state and federal regulatory environments that allow it to flourish, because both balance growth with ensuring that the highest safety and environmental standards are followed to the letter of the law. This balance affords us both residential and industrial electricity rates that are significantly lower than national averages. Yet that is not enough for the European Union, which sought to impose statutes, signed an oce

By Dr. Dr. Rajesh P. Narayanan - Dr. Narayanan is the Louisiana Bankers Association Professor of Finance in the Department of Finance at Louisiana State University. Congress has long recognized that stablecoins should not function as unregulated bank deposits. The intent of the recently enacted GENIUS Act is clear: to prohibit stablecoin issuers from paying interest or yield to holders, maintaining a distinction between payment instruments and bank deposits which are not onl