The deceit here is that it is not the paying of yield on a balance per se that necessitates bank-like regulations, but rather the lending out or rehypothecation of the dollars that make up the underlying balance. The GENIUS Act explicitly forbids stablecoin issuers from doing the latter. Stablecoins ≠ Deposits.
Big Tech is spending $700 BILLION on AI this year.
But their cash flow is collapsing. Amazon is going into debt. Google's free cash flow is dropping 90%.
And they're literally paying influencers $600,000 each to convince you AI is worth using.
If this technology was as revolutionary as they claim, why are they spending half a million dollars per creator to sell it?
Here's what's actually happening behind the scenes:
This week, all four tech giants reported earnings at once and every single one dropped a spending number that made Wall Street lose its mind.
Amazon: $200 billion in capex. The largest corporate capital expenditure in HISTORY. Stock dropped 9%.
Google: $185 billion. Wall Street expected $120 billion. Stock dropped 5%.
Meta: $135 billion. Double what they spent last year.
Microsoft: down 17% this year, worst performer in the group.
Combined 2026 AI infrastructure spend: almost $700 billion.
But here's where it gets ugly.
Amazon's free cash flow collapsed 71%. Morgan Stanley projects they'll burn through $17 billion in NEGATIVE free cash flow this year.
Bank of America says the deficit could hit $28 billion.
Amazon quietly filed with the SEC on Friday saying they might need to raise debt to keep building.
Google's free cash flow is projected to crater 90%, from $73 billion down to $8.2 billion.
They already did a $25 billion bond sale in November and their long-term debt QUADRUPLED last year.
These companies are spending everything they have, then borrowing more, then spending that too.
Now here's the part that got me thinking:
CNBC just reported that Google, Microsoft, OpenAI, Anthropic, and Meta are paying influencers between $400,000 and $600,000 EACH to promote AI products on Instagram and YouTube.
AI platforms spent over $1 BILLION on digital ads in 2025, a 126% jump year-over-year.
Google and Microsoft's AI ad spending jumped 495% in January 2026 alone.
Anthropic is running Super Bowl ads.
OpenAI is flying creators to private events and covering all expenses.
When was the last time a truly revolutionary technology needed a $1 billion ad campaign and $600K influencer deals to get adoption?
Did the iPhone need influencer campaigns? Did Google Search need Super Bowl ads in 1998? Did email need a billion dollar marketing push?
No. People just used them because the value was obvious.
You know what DOES need massive paid promotions? Pharmaceutical drugs. Crypto exchanges. Online gambling apps. MLM companies.
Products where adoption is driven by hype, not utility.
And now, apparently, AI.
So the pitch from Big Tech is:
"This technology will eliminate your job. Also please use it. Here's $600K if you tell your followers it's cool."
They need HUMANS to sell a product they designed to REPLACE humans.
They need creators to promote a technology that will eventually make creators obsolete.
They need influencers to build trust in a system that will eliminate the need for influencer marketing entirely.
The question everyone should be asking:
If $700 billion per year in spending can't produce a product that sells itself, when exactly does this start making money?
Because right now the math is messed up.
$700 billion in spending, cash flow crashing, stocks tanking, SEC filings about raising more capital, and the best growth strategy they've got is paying tiktokers to demo features.
Either AI is about to deliver the greatest economic transformation in human history, or we're watching the most expensive corporate Hail Mary ever thrown.
And the fact that they need to pay half a million dollars per influencer to convince you it's the first one isn't a good sign.
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.
There are too many issues, including:
- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition
We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.
We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.
AI Quant and $AIQ TGE launch tomorrow. In my latest blog, I analyze how @marlonwilliams’ story is a testament to resilience and building in Atlanta. Read more about the masterclass in perseverance: https://t.co/p4qPpCYf2k
#Web3#AI#Blockchain#Crypto#Atlanta#VentureCapital
JOBS AI MIGHT STEAL VS JOBS AI CAN’T TOUCH
Microsoft’s study says translators, historians, writers, and even DJs are high on AI’s hit list. Basically, if your job is words, scripts, or customer calls, AI’s eyeing your seat.
On the flip side, phlebotomists, roofers, dishwashers, and firefighters are way safer. Turns out, AI can write essays but it’s not climbing rooftops or drawing blood.
Moral of the story: if your job needs hands, muscles, or guts, AI’s not clocking in anytime soon.
Source: arxiv org
MORNING BRIEFING
SWC Chapter Presidents and Founders from MN, NJ, MI, NV, GA, and NM are in DC to talk to Senate offices about the and CLARITY and GENIUS Acts.
Next stop: Capitol Hill
For the first time ever, the United States is hosting Crypto Week on Capitol Hill — a historic gathering where lawmakers, industry leaders, and advocates will come together to shape the national conversation around blockchain and digital assets.
This week at Off The Chain Thursday, we’ll unpack what Crypto Week is, why it matters, and what it means for the future of regulation, adoption, and innovation in the U.S. From stablecoins to staking, the conversations happening in the Capitol are setting the tone for what’s next.
👉 And by the way… our very own founder @MarlonWilliams will be in the room for it all, heading to D.C. with @StandWithCrypto to speak directly to Congress on behalf of our community.
This is more than a moment — it’s a signal. Let’s talk about what’s coming and how Atlanta Blockchain Center plans to stay at the forefront of it.
#OTCThursday #CryptoWeekDC #StandWithCrypto #AtlantaBlockchainCenter #10in5 #CryptoPolicy #Web3InWashington #FutureOfFinance #BlockchainLegislation #CryptoAdvocacy
This is pretty wild.
Marjorie Taylor Greene bought stock in Palantir on April 8th.
On April 17th, a $30M deal between Palantir and ICE was announced.
Greene sits on the House Committee on Homeland Security.
The stock has now risen 48% in the three weeks since her purchase.