"If you're in crypto, pivot to AI."
I used to hear versions of this, and it's the wrong way to think about the world. It's zero sum, scarcity thinking.
Crypto is a general purpose technology. It's infrastructure, the same way electricity or the internet is infrastructure. It doesn't compete with the next big thing, because it underpins it. It's an *and*, not an *or*.
AI being a megatrend takes nothing away from crypto. If anything, it makes crypto more important.
AI agents will need their own financial infrastructure and will eventually transact far more per day than all humans combined. They can't open a bank account, they can't wait three days for a wire, they reside in one country. They need real time programmable money (and that's crypto).
Agents will need to hold funds and pay for things on their own. We pioneered this with the x402 protocol, Base, and USDC, which now power the vast majority of all agentic payments. Agents will also engage in trading and act as a financial advisor. They will raise or borrow money for new projects they are undertaking. They will eliminate tasks for us around tax planning, portfolio rebalancing, and bill pay.
Welcome to the world of Agentic Finance (AiFi). This is what Coinbase is building.
If regulators can secretly debank an entire lawful industry, no business is safe.
That’s exactly what nearly happened to crypto, and we exposed the details.
The Gensler SEC deleted texts at the height of the anti-crypto campaign, FDIC buried evidence - it was all uncovered after we fought to expose the truth.
This win is not only for us, but for every American, and every American company expecting transparency and accountability from the government.
The Clarity Act is ready for a full Senate floor vote.
The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors like FTX can harm U.S. customers and much of the industry has gone offshore totally outside U.S. purview. This bill fixes that with strong consumer protections, real tools for law enforcement, and a path for America to lead in this industry.
Crypto can't be uninvented at this point, so whether you love crypto or hate crypto, you should want clear federal laws. And it's also simply good politics: 70% of American voters say the U.S. should have already passed comprehensive crypto legislation.
Let's finish this!
Special thanks to the @standwithcrypto members who sent 950k contacts to their representatives in congress. Keep it up.
'Millions of proud Iranians rallied in unity to honor Grand Ayatollah Khamenei and his legacy' — Foreign Minister Araghchi
'Neither them nor our Brave Armed Forces are moved by any threats'
https://t.co/zJdt5fELbF
BINANCE FIGHTS TO STAY IN EUROPE
Binance says it remains committed to the EU and is seeking alternative regulatory approvals after its license application in Greece failed.
The company has one week to secure authorization before its current operating permission expires.
Sources say regulators in Greece, Ireland and Latvia raised concerns over Binance’s past compliance issues, corporate structure and risk profile.
JUST IN: 🇷🇺🇺🇸 Russian official says US military is creating a "network" of biological laboratories around the world.
"Biological security continues to require special attention from the BRICS countries."
⚡️ UPDATE: Binance says it is still pursuing a path forward under MiCA and remains committed to serving European users.
The exchange will provide another update before June 30.
BREAKING:
Europe's crypto firms have two weeks to hold a MiCA license or shut down.
Only 250 approved so far.
Down from 2,700 to 3,000 before the regulation took effect.
90% of crypto firms operating in Europe.
About to lose the right to operate.
While America is building the most crypto-friendly regulatory environment in history.
Europe is eliminating 90% of its crypto industry in two weeks.
Capital goes where it is treated best.
Strikes hit UAV plants, radar factories, airfields in Kiev, Kharkov, Dnepropetrovsk — Russian MoD
NO strikes were made on civilian infrastructure — Lavra was struck by Patriot missile fired by air defence
Western countries might have supplied Kiev regime with expired missiles
1/ Meet Zachary Wolk (@zachxbt), the crypto investigator who's exposed $500M+ in fraud.
He investigated everyone. Nobody ever investigated him.
I found him in a free neighborhood paper. Also found ~$5M of "donations" from the people who never appear in his threads.
“It is certainly hard to believe that a little company (@SpaceX) that started in a warehouse in El Segundo is now going public with the largest IPO ever.”
@elonmusk