Crypto
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The crypto industry’s Clarity Act hits a critical juncture: Where things stand going into Senate markup
The Clarity Act, a landmark bill that would create a U.S. regulatory framework for the crypto industry, is set to undergo a Senate committee markup starting Thursday. The prospect of its passage has buoyed investors, but significant obstacles remain before the bill is ready for Congress to send to President Trump’s desk. Clarity, short for
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Trump Media posts $405 million loss driven by crypto holdings
The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies held by the company. Trump Media & Technology Group Corp., which is the parent company of Truth Social, released its first-quarter 2026 results on Friday reporting a positive operating cash flow of
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Michael Saylor says remarks about selling Bitcoin were intended to jam short-sellers and ‘haters’
Michael Saylor is the world’s foremost Bitcoin buyer. “You do not sell your Bitcoin,” wrote the crypto billionaire in October. But, on a Tuesday earnings call, Saylor, whose company Strategy has accumulated $65 billion in Bitcoin since 2020, changed his tune: “We will probably sell some Bitcoin to fund a dividend just to inoculate the
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Crypto users keep getting robbed because of a simple design flaw—but a solution is at hand
If you have ever paid online with Stripe’s new Link wallet, autofilled a checkout with Apple Pay, or topped up a Revolut account, you have used a piece of financial architecture that took decades to perfect. Sadly, for crypto and all its talk of reinventing money, the crypto industry has stubbornly failed to catch on.
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Elizabeth Warren seeks information on Meta’s latest stablecoin plans in letter to Mark Zuckerberg
Meta rolled out a stablecoin pilot on Facebook last week following years of false starts, and it didn’t take long before a familiar antagonist took notice. On Wednesday, Sen. Elizabeth Warren (D-Mass.) delivered a letter to Meta CEO Mark Zuckerberg calling its “lack of transparency” surrounding its stablecoin plans “troubling” and seeking answers to a
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Trump’s AI policy team came into office opposing everything Biden did. Now it’s on the cusp of implementing many of the same policies
When it comes to AI, the Trump Administration has largely positioned itself as the opposite of the Biden White House—criticizing what Trump’s tech policy advisors saw as overly burdensome AI safety efforts and licensing regimes, and embracing an anti-regulation approach. Former Trump “AI and crypto czar” David Sacks best embodied this policy ethos. But the
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Wall Street is abuzz about ‘tokenized assets’—but most activity is limited to a nascent ‘wrapper’ phase, report finds
Finance leaders from BlackRock’s Larry Fink to Robinhood’s Vlad Tenev have displayed enthusiasm for tokenization, a term for representing real-world assets as tokens on the blockchain. But despite the excitement, roughly 78% of tokenized assets remain only as “wrappers,” or receipts for assets that primarily operate off-chain, according to a new report from crypto asset
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Zcash spikes 30% after Multicoin managing partner says firm bought the token, calls it protection against wealth taxes
ZEC, the native token of the privacy-focused Zcash network, rose by more than 30% after Multicoin Capital co-founder and managing partner Tushar Jain said the crypto fund had built a “significant position” in ZEC since February. “Zcash is a return to the cypherpunk ideals crypto was founded on,” Jain wrote on X. “California’s proposed wealth
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Over 98% of stablecoins are dollar backed. That’s good for the U.S.—until it’s not
Stablecoins, a form of cryptocurrency pegged to a real world asset, are becoming part of the global financial system, with firms like Visa and Stripe rushing to distribute them. They are also overwhelmingly dollar based. While there are euro stablecoins and gold stablecoins, more than 98% of the total market supply is pegged to the
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Coinbase didn’t just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down
Coinbase CEO Brian Armstrong is adapting the company for the AI age, cutting 14% of employees and reimagining its org chart to bring the company back to its startup roots. Armstrong said the layoffs, which could affect just under 700 employees based on Coinbase’s last employee count, are partly due to a crypto downturn. Yet,