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ARMSTRONG DIDN’T BACK DOWN -- HE DOUBLED DOWN On Bloomberg at Davos, Brian Armstrong explained why Coinbase pulled support for the Senate market structure bill. His issue was simple: the draft tilted too far toward banks. Bank lobbying groups were trying to limit stablecoin rewards, block tokenized equities, and...

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CryptosRus

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161,042 views • 6 months ago •via X (Twitter)

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President Trump Confirms He Hopes To Sign The Clarity Act (crypto regulation) very soon. Will Clarity Get Passed In 2026? Coinbase's CEO Brian Armstrong came out recently against the bill trying to stop it. He wants Coinbase to be able to do what banks do, but without all of the banking regulations. I am sort of torn on this issue. Banks are regulated for a reason, having bank failures is usually a disaster for the economy. While more competition is good, financial companies holding deposits and taking too much risk is not acceptable.
0:53

President Trump Confirms He Hopes To Sign The Clarity Act (crypto regulation) very soon. Will Clarity Get Passed In 2026? Coinbase's CEO Brian Armstrong came out recently against the bill trying to stop it. He wants Coinbase to be able to do what banks do, but without all of the banking regulations. I am sort of torn on this issue. Banks are regulated for a reason, having bank failures is usually a disaster for the economy. While more competition is good, financial companies holding deposits and taking too much risk is not acceptable.

Wall Street Mav

105,642 views • 6 months ago

JPMorgan CEO slams Clarity Act: Banks won't bow to Coinbase lobbying On May 29, 2026, JPMorgan Chase CEO Jamie Dimon expressed dissatisfaction with the Clarity Act during an interview on Fox Business. He believes the act allows crypto platforms to effectively pay interest on deposits and stablecoins while doing nothing for AML and BSA, leaving it with almost no legal protections. Dimon stated that the banking industry will not accept this approach, warning that such a system would eventually blow up. He stated that the banking industry will fight the bill to the end and firmly refuse to bow down to Coinbase and its CEO, who are actively pushing the bill, claiming that they are spending hundreds of millions of dollars on lobbying in Washington, and considering their claim of representing the entire industry to be full of shit.
0:53

JPMorgan CEO slams Clarity Act: Banks won't bow to Coinbase lobbying On May 29, 2026, JPMorgan Chase CEO Jamie Dimon expressed dissatisfaction with the Clarity Act during an interview on Fox Business. He believes the act allows crypto platforms to effectively pay interest on deposits and stablecoins while doing nothing for AML and BSA, leaving it with almost no legal protections. Dimon stated that the banking industry will not accept this approach, warning that such a system would eventually blow up. He stated that the banking industry will fight the bill to the end and firmly refuse to bow down to Coinbase and its CEO, who are actively pushing the bill, claiming that they are spending hundreds of millions of dollars on lobbying in Washington, and considering their claim of representing the entire industry to be full of shit.

Wu Blockchain

18,058 views • 2 months ago

behind closed doors, in Davos and DC, incumbent banks and challenger stablecoin companies are in the midst of a protracted fight should stablecoins be allowed to pay interest? trillions of dollars are at stake. which arguments on each side actually make sense? will allowing stablecoins to pay yield really destroy the global economy? Omid Malekan of Columbia Business School is regarded among insiders as one of the few scholars who understands both the traditional financial system and crypto deeply he is the ideal guest for this moment. in this conversation, we strip away the rhetoric to reveal what is really going on: • 01:03 – Why banks are terrified of stablecoins paying interest • 03:12 – “If you want lending to die, support stablecoins” • 13:40 – How disingenuous is the CEO of Bank of America? • 22:58 – Claiming that stablecoins reduce bank deposits is a lie • 30:55 – Nobody accounted for a bank run starting in a WhatsApp group • 34:33 – Big banks are using smaller banks as human shields • 49:49 – "I can verify Tether's liabilities in 30 seconds. JPM can't verify theirs at all." • 59:02 – Wall Street's blockchain pilots are a lie • 01:01:54 – Tokenized bank deposits will never be a thing • 01:06:15 – The hidden tax on every American paycheck brought to you by , the stablecoin foreign exchange specialist
1:15:44

behind closed doors, in Davos and DC, incumbent banks and challenger stablecoin companies are in the midst of a protracted fight should stablecoins be allowed to pay interest? trillions of dollars are at stake. which arguments on each side actually make sense? will allowing stablecoins to pay yield really destroy the global economy? Omid Malekan of Columbia Business School is regarded among insiders as one of the few scholars who understands both the traditional financial system and crypto deeply he is the ideal guest for this moment. in this conversation, we strip away the rhetoric to reveal what is really going on: • 01:03 – Why banks are terrified of stablecoins paying interest • 03:12 – “If you want lending to die, support stablecoins” • 13:40 – How disingenuous is the CEO of Bank of America? • 22:58 – Claiming that stablecoins reduce bank deposits is a lie • 30:55 – Nobody accounted for a bank run starting in a WhatsApp group • 34:33 – Big banks are using smaller banks as human shields • 49:49 – "I can verify Tether's liabilities in 30 seconds. JPM can't verify theirs at all." • 59:02 – Wall Street's blockchain pilots are a lie • 01:01:54 – Tokenized bank deposits will never be a thing • 01:06:15 – The hidden tax on every American paycheck brought to you by , the stablecoin foreign exchange specialist

Haonan

575,423 views • 5 months ago

CHAOS on CNN NewsNight as CNN’s Abby Phillip defends big banks debanking their political opponents. This exchange serves as a reminder of why Republicans should take a beat before trusting Big Banks and why open banking is so important. Phillip: “Banks can close your account for any reason…” Lydia Moynihan brings the receipts: “Do we really want to debank any political enemy? Because that’s what was happening…. What I think is fascinating, though is for years the media portrayed big banks as vampire squids and we're so skeptical of Wall Street, and now based on a few filings, now everyone's saying, ‘Oh [big banks] everything’s perfect.’ Do you think maybe a big bank is actually trying to cover their tracks?” Phillip: “I think you’re taking the concern about big banks the wrong way…” Moynihan: “Let’s be super clear about the political debanking that happened. And this happened to crypto.” [Phillip defends big banks some more.] Moynihan: “Let’s be clear. Debanking was something that was happen not just to Trump but to was happening to people in crypto. Which Brian Armstrong, the CEO of Coinbase, went out and said that’s what the Biden administration was doing. This is a tool that we know the Biden administration used to target people in crypto.”
2:48

CHAOS on CNN NewsNight as CNN’s Abby Phillip defends big banks debanking their political opponents. This exchange serves as a reminder of why Republicans should take a beat before trusting Big Banks and why open banking is so important. Phillip: “Banks can close your account for any reason…” Lydia Moynihan brings the receipts: “Do we really want to debank any political enemy? Because that’s what was happening…. What I think is fascinating, though is for years the media portrayed big banks as vampire squids and we're so skeptical of Wall Street, and now based on a few filings, now everyone's saying, ‘Oh [big banks] everything’s perfect.’ Do you think maybe a big bank is actually trying to cover their tracks?” Phillip: “I think you’re taking the concern about big banks the wrong way…” Moynihan: “Let’s be super clear about the political debanking that happened. And this happened to crypto.” [Phillip defends big banks some more.] Moynihan: “Let’s be clear. Debanking was something that was happen not just to Trump but to was happening to people in crypto. Which Brian Armstrong, the CEO of Coinbase, went out and said that’s what the Biden administration was doing. This is a tool that we know the Biden administration used to target people in crypto.”

Steve Guest

164,623 views • 4 days ago

Armstrong then laid out a grim reality: war isn’t just likely—it’s now essential for Europe’s survival. “This is why Europe needs war,” he said. “Because if they don't go to war, you're going to have people storming the parliaments with their pitchforks.” Years of reckless policy, he argued, have gutted the economy. Negative interest rates “strip-mined the pension funds and the banks,” leaving war as the only way out. “If I was Putin, there is no way I would sign a peace deal,” Armstrong said. Drafts are ramping up across Europe—so aggressively that one of his German staffers said even a 60-year-old was called to serve. As for Trump’s 50-day peace ultimatum to Putin? Armstrong was blunt: “I don’t know who he’s listening to. The problem is we started this war, not Putin.” He cited Victoria Nuland and John McCain’s roles in the Maidan uprising. “It was Victoria Nuland who picked the interim government that started the civil war with the Donbas—unelected!” Meanwhile, Ukraine is crumbling. More than 8 million people have fled, and public outrage toward Zelensky is off the charts. “If Zelensky was on fire, they wouldn’t urinate on him until he was dead,” Armstrong said. That, he added, is why there won’t be an election—Zelensky knows he’d lose. “He’s grabbing people off the street. He’s even sent people with Down syndrome to the front line.”
4:59

Armstrong then laid out a grim reality: war isn’t just likely—it’s now essential for Europe’s survival. “This is why Europe needs war,” he said. “Because if they don't go to war, you're going to have people storming the parliaments with their pitchforks.” Years of reckless policy, he argued, have gutted the economy. Negative interest rates “strip-mined the pension funds and the banks,” leaving war as the only way out. “If I was Putin, there is no way I would sign a peace deal,” Armstrong said. Drafts are ramping up across Europe—so aggressively that one of his German staffers said even a 60-year-old was called to serve. As for Trump’s 50-day peace ultimatum to Putin? Armstrong was blunt: “I don’t know who he’s listening to. The problem is we started this war, not Putin.” He cited Victoria Nuland and John McCain’s roles in the Maidan uprising. “It was Victoria Nuland who picked the interim government that started the civil war with the Donbas—unelected!” Meanwhile, Ukraine is crumbling. More than 8 million people have fled, and public outrage toward Zelensky is off the charts. “If Zelensky was on fire, they wouldn’t urinate on him until he was dead,” Armstrong said. That, he added, is why there won’t be an election—Zelensky knows he’d lose. “He’s grabbing people off the street. He’s even sent people with Down syndrome to the front line.”

The Vigilant Fox 🦊

24,834 views • 1 year ago

🚨 Coinbase CEO Dumps $550m Of Stock Onto The Market As The Centralized Exchange Faces Potential Solvency Issues, With Customer Funds At Risk Coinbase has been desperately opposing the Clarity Act but why? Because it could get insolvent👇 The CLARITY Act targets stablecoin yield programs, cutting off one of Coinbase’s biggest revenue streams by restricting how platforms earn from customer deposits and interest, and forcing a shift toward fully regulated, lower-margin models. • White House crypto adviser stated crypto is “threatening to community banks, G-SIBs, and larger banks.” • Treasury Secretary Bessent called opponents of the CLARITY Act “recalcitrant actors.” • Coinbase reported a large quarterly loss: •EPS: -$2.49 vs $0.96 expected •Net loss: ~$667M • Coinbase CEO Dumps $550m Of Stock just a few months before these results came out. • Coinbase Support acknowledged users were unable to buy, sell, or transfer temporarily. • Coinbase is now charging $137 in fees for converting $5000 USDT to USD, while in the advanced trades it takes 2 cents. • Jeffrey Epstein has invested $3M into Coinbase (2014) at a ~$400M valuation, who saw Ripple as “an enemy.” The exchange could potentially face a “bank run” if issues escalate and funds on Coinbase would be at risk. This is exactly the reason why David Schwartz recently said that XRPL is the most decentralized ledger and helps people become their “own bank” by eliminating middlemen like banks and centralized exchanges.
0:48

🚨 Coinbase CEO Dumps $550m Of Stock Onto The Market As The Centralized Exchange Faces Potential Solvency Issues, With Customer Funds At Risk Coinbase has been desperately opposing the Clarity Act but why? Because it could get insolvent👇 The CLARITY Act targets stablecoin yield programs, cutting off one of Coinbase’s biggest revenue streams by restricting how platforms earn from customer deposits and interest, and forcing a shift toward fully regulated, lower-margin models. • White House crypto adviser stated crypto is “threatening to community banks, G-SIBs, and larger banks.” • Treasury Secretary Bessent called opponents of the CLARITY Act “recalcitrant actors.” • Coinbase reported a large quarterly loss: •EPS: -$2.49 vs $0.96 expected •Net loss: ~$667M • Coinbase CEO Dumps $550m Of Stock just a few months before these results came out. • Coinbase Support acknowledged users were unable to buy, sell, or transfer temporarily. • Coinbase is now charging $137 in fees for converting $5000 USDT to USD, while in the advanced trades it takes 2 cents. • Jeffrey Epstein has invested $3M into Coinbase (2014) at a ~$400M valuation, who saw Ripple as “an enemy.” The exchange could potentially face a “bank run” if issues escalate and funds on Coinbase would be at risk. This is exactly the reason why David Schwartz recently said that XRPL is the most decentralized ledger and helps people become their “own bank” by eliminating middlemen like banks and centralized exchanges.

Stern Drew

87,617 views • 5 months ago

Vice President Vance completely SHUTS DOWN Ana Navarro on The View when she tried to claim that President Trump “loves” inflation. As soon as she said it, Vance was right next to her to set the record straight and provide the context. NAVARRO: “He just said he loves the inflation...” VANCE: “What he said Ana, what he said, is that he loves the fact that the inflation is going to come down when this war is over.” “That’s what he said.” GOLDBERG: “That’s not what he said.” BEHAR: “Wait, are you his interpreter or are you his vice president?” VANCE: “Look, what the president said...people were asking about the inflation. They were asking about the affordability problem, which again, is very real.” “And what he said I love the inflation because it’s going to come down when the war is over.” “Now, again we already see gas prices today, $4.06 a gallon. Too high. But WAY down from where they were a couple weeks ago.” “There’s a lot we gotta do, but I think that we’re doing as much as we can.” “We’re going to keep on working at it, and again, the American people are going to make their verdict.” “But I think we have a very credible case to run on that we brought a lot of new investment. We’re building the factories, that is going to pay serious dividends for the American people over the long haul.”
0:55

Vice President Vance completely SHUTS DOWN Ana Navarro on The View when she tried to claim that President Trump “loves” inflation. As soon as she said it, Vance was right next to her to set the record straight and provide the context. NAVARRO: “He just said he loves the inflation...” VANCE: “What he said Ana, what he said, is that he loves the fact that the inflation is going to come down when this war is over.” “That’s what he said.” GOLDBERG: “That’s not what he said.” BEHAR: “Wait, are you his interpreter or are you his vice president?” VANCE: “Look, what the president said...people were asking about the inflation. They were asking about the affordability problem, which again, is very real.” “And what he said I love the inflation because it’s going to come down when the war is over.” “Now, again we already see gas prices today, $4.06 a gallon. Too high. But WAY down from where they were a couple weeks ago.” “There’s a lot we gotta do, but I think that we’re doing as much as we can.” “We’re going to keep on working at it, and again, the American people are going to make their verdict.” “But I think we have a very credible case to run on that we brought a lot of new investment. We’re building the factories, that is going to pay serious dividends for the American people over the long haul.”

Overton

45,165 views • 1 month ago

🚨 THIS IS BIG. CONNECT THE DOTS. 🚨 After speaking at the World Economic Forum, Donald Trump said he looks forward to signing the Market Structure Bill to unlock financial freedom for Americans, or China will dominate this market. Then the White House Crypto Czar David Sacks confirms it: "Once market structure legislation passes, banks will get fully into crypto… They’ll be deep in the stablecoin business to offer yield and stay competitive." Here’s what most people are missing 👇 This is NOT Banks vs Crypto. It’s Centralized Middlemen vs Decentralized Access. What the bill actually unlocks: ▫️ Community banks & credit unions onboarding digital assets ▫️ Regulated on-ramps into DeFi ▫️ Stablecoin yield earned on-chain, not parked on centralized exchanges ▫️ Capital in motion, not idle custodial yield Credit unions don’t have shareholders. They’re owned by the people. That means: ▫️ Higher yields ▫️ Lower fees ▫️ Direct access to DeFi ▫️ No need to trust a centralized exchange acting like a bank Meanwhile, some centralized exchanges are pretending to fight banks… while quietly partnering with big banks and recreating the same old system. ⚠️ If you’re earning 3–4% on a centralized exchange, wait until community banks + DeFi rails go live. This is mainstream integration, but done the right way. The rails are being laid. The gatekeepers are losing control. Know What You Hold!
1:41

🚨 THIS IS BIG. CONNECT THE DOTS. 🚨 After speaking at the World Economic Forum, Donald Trump said he looks forward to signing the Market Structure Bill to unlock financial freedom for Americans, or China will dominate this market. Then the White House Crypto Czar David Sacks confirms it: "Once market structure legislation passes, banks will get fully into crypto… They’ll be deep in the stablecoin business to offer yield and stay competitive." Here’s what most people are missing 👇 This is NOT Banks vs Crypto. It’s Centralized Middlemen vs Decentralized Access. What the bill actually unlocks: ▫️ Community banks & credit unions onboarding digital assets ▫️ Regulated on-ramps into DeFi ▫️ Stablecoin yield earned on-chain, not parked on centralized exchanges ▫️ Capital in motion, not idle custodial yield Credit unions don’t have shareholders. They’re owned by the people. That means: ▫️ Higher yields ▫️ Lower fees ▫️ Direct access to DeFi ▫️ No need to trust a centralized exchange acting like a bank Meanwhile, some centralized exchanges are pretending to fight banks… while quietly partnering with big banks and recreating the same old system. ⚠️ If you’re earning 3–4% on a centralized exchange, wait until community banks + DeFi rails go live. This is mainstream integration, but done the right way. The rails are being laid. The gatekeepers are losing control. Know What You Hold!

Echo 𝕏

167,836 views • 6 months ago

Brian Armstrong on what he learned about management from Balaji Srinivasan “Balaji is a brilliant guy. He’s probably one of the top couple smartest people I’ve ever met in my life,” Brian begins. “He was briefly the Chief Technology Officer of Coinbase. He came in through an acquisition and did some amazing work. And he taught me how to manage a totally different type of person.” Brian continues: “Balaji is kind of unmanageable. He’s what some people might call a ‘free radical’ within an organization. He kind of bounces around, absorbing vast amounts of information — even things that aren’t his responsibility — and occasionally he would come back to me with these incredible insights.” Brian gives one funny example: “At one point he came back to me and said, ‘These are all the salespeople that are making more revenue than their salary, and these are all the people that are not.’ And the first thought I had was, ‘You’re not supposed to have access to anybody’s salary. How did you get that?’” Balaji replied, “Don’t worry about it. I found it in some database that I wasn’t supposed to have access to.” The next question Brian asked was, “How did you connect that all up?” The previous week Brian asked the data team to connect Salesforce to Coinbase’s salary data so they could start running some reports to have more accountability. But it was supposed to be a three-week project. Balaji responded, “Oh well I couldn’t sleep this weekend, and I just knew something felt off. So I had to code it up and put it all together.” When the data team completed their analysis three weeks later, they confirmed that Balaji was 100% right. “He was continually doing things like that,” Brian explains. “And he’s incredibly high in disagreeableness, which I learned from him as well. He would go into a team and ask, ‘Why isn’t this functioning well?’ And he would suffer no fools. He would not be afraid to go in there and turn half the people on a team — whether he had the permission to fire them or not… He was a very contrarian figure. I’d say about once a week someone would come into my office and say, ‘I can’t work with Balaji. He’s causing so much collateral damage.’ And I’d say, ‘Yes, but he’s also generating an enormous amount of value and I need you to learn how to work with him.’” Brian knew Balaji wasn’t going to last forever at Coinbase because it was incredibly disruptive, but ultimately he taught Brian how to be a “turnaround CEO” when needed: “In the past I was opting a little more toward trying to be liked instead of being clear about what we’re doing, where we’re going, and what the bar is. He helped me become a better CEO and have a little more disagreeableness.” Video source: Stripe (2025)
3:12

Brian Armstrong on what he learned about management from Balaji Srinivasan “Balaji is a brilliant guy. He’s probably one of the top couple smartest people I’ve ever met in my life,” Brian begins. “He was briefly the Chief Technology Officer of Coinbase. He came in through an acquisition and did some amazing work. And he taught me how to manage a totally different type of person.” Brian continues: “Balaji is kind of unmanageable. He’s what some people might call a ‘free radical’ within an organization. He kind of bounces around, absorbing vast amounts of information — even things that aren’t his responsibility — and occasionally he would come back to me with these incredible insights.” Brian gives one funny example: “At one point he came back to me and said, ‘These are all the salespeople that are making more revenue than their salary, and these are all the people that are not.’ And the first thought I had was, ‘You’re not supposed to have access to anybody’s salary. How did you get that?’” Balaji replied, “Don’t worry about it. I found it in some database that I wasn’t supposed to have access to.” The next question Brian asked was, “How did you connect that all up?” The previous week Brian asked the data team to connect Salesforce to Coinbase’s salary data so they could start running some reports to have more accountability. But it was supposed to be a three-week project. Balaji responded, “Oh well I couldn’t sleep this weekend, and I just knew something felt off. So I had to code it up and put it all together.” When the data team completed their analysis three weeks later, they confirmed that Balaji was 100% right. “He was continually doing things like that,” Brian explains. “And he’s incredibly high in disagreeableness, which I learned from him as well. He would go into a team and ask, ‘Why isn’t this functioning well?’ And he would suffer no fools. He would not be afraid to go in there and turn half the people on a team — whether he had the permission to fire them or not… He was a very contrarian figure. I’d say about once a week someone would come into my office and say, ‘I can’t work with Balaji. He’s causing so much collateral damage.’ And I’d say, ‘Yes, but he’s also generating an enormous amount of value and I need you to learn how to work with him.’” Brian knew Balaji wasn’t going to last forever at Coinbase because it was incredibly disruptive, but ultimately he taught Brian how to be a “turnaround CEO” when needed: “In the past I was opting a little more toward trying to be liked instead of being clear about what we’re doing, where we’re going, and what the bar is. He helped me become a better CEO and have a little more disagreeableness.” Video source: Stripe (2025)

Startup Archive

474,358 views • 11 months ago

Scott Jennings called Border Czar Tom Homan’s press conference earlier today a “master class.” As Scott Jennings explained, it was a brilliant move by the president because it allowed the administration to lower the temperature publicly — without changing the substance of the operation itself. Homan was able to project calm and cooperation, while still making clear that enforcement hasn’t stopped. JENNINGS: “Yeah, I thought Homan’s press conference this morning was a master class, and it’s obvious that the president made a smart decision in sending him there to reset this situation.” “I think the president, no president, wants to see chaos in any city for any reason. I mean, that’s not good for the country. It’s not good for a presidency. Homan has clearly already made a huge difference.” “He met with the local officials. This agreement that he has, apparently with the attorney general, Ellison, about working to Elie’s point with the county jails, that’s one of the things the White House has been asking for is some cooperation at the jails.” “This is clearly a step in the right direction.” “But as you pointed out, Abby, he’s still very much an immigration hardliner.” “And even though they are going to prioritize people who have other criminal issues, he said, if you’re in the country illegally, you’re never off the table.” “He was also signaling to the president’s supporters that, listen, we’re not backing down on the president’s priorities on illegal immigration.” “He also said today that he was very much aware of these organizations that are going on these Signal groups, these Whatsapp groups that are trying to organize the impeding of federal law enforcement.” “And he said he was very much looking into that.” “If you believe that having less chaos and more efficiency in government and more cooperation is good, today was clearly a great day.”
1:20

Scott Jennings called Border Czar Tom Homan’s press conference earlier today a “master class.” As Scott Jennings explained, it was a brilliant move by the president because it allowed the administration to lower the temperature publicly — without changing the substance of the operation itself. Homan was able to project calm and cooperation, while still making clear that enforcement hasn’t stopped. JENNINGS: “Yeah, I thought Homan’s press conference this morning was a master class, and it’s obvious that the president made a smart decision in sending him there to reset this situation.” “I think the president, no president, wants to see chaos in any city for any reason. I mean, that’s not good for the country. It’s not good for a presidency. Homan has clearly already made a huge difference.” “He met with the local officials. This agreement that he has, apparently with the attorney general, Ellison, about working to Elie’s point with the county jails, that’s one of the things the White House has been asking for is some cooperation at the jails.” “This is clearly a step in the right direction.” “But as you pointed out, Abby, he’s still very much an immigration hardliner.” “And even though they are going to prioritize people who have other criminal issues, he said, if you’re in the country illegally, you’re never off the table.” “He was also signaling to the president’s supporters that, listen, we’re not backing down on the president’s priorities on illegal immigration.” “He also said today that he was very much aware of these organizations that are going on these Signal groups, these Whatsapp groups that are trying to organize the impeding of federal law enforcement.” “And he said he was very much looking into that.” “If you believe that having less chaos and more efficiency in government and more cooperation is good, today was clearly a great day.”

Overton

59,647 views • 6 months ago

I look at this as a very important signal to move policy away from just litigation to actually some rules and guidelines. There is a bill called the Genius Act. It used to be called the Stable coin Act. They've merged those together. That's Gillibrand with Hagerty and has bipartisan support. When Trump talks about legislation, the first pillar is going to be the Stable coin Act. I anticipate he will sign it within the next couple of months. It’s not about Bitcoin, it’s about digital payment systems. So that if you had a wallet, like on Robinhood or WonderFi or Coinbase, you could just wire money to people for a fraction of the cost you pay for a bank right now which would be great. The other legislation they'll be discussing today, which is also important, is the market infrastructure. In other words, is Ethereum a commodity or is it a security? Let's finally make a decision on these tokens and move forward with policy.
2:06

I look at this as a very important signal to move policy away from just litigation to actually some rules and guidelines. There is a bill called the Genius Act. It used to be called the Stable coin Act. They've merged those together. That's Gillibrand with Hagerty and has bipartisan support. When Trump talks about legislation, the first pillar is going to be the Stable coin Act. I anticipate he will sign it within the next couple of months. It’s not about Bitcoin, it’s about digital payment systems. So that if you had a wallet, like on Robinhood or WonderFi or Coinbase, you could just wire money to people for a fraction of the cost you pay for a bank right now which would be great. The other legislation they'll be discussing today, which is also important, is the market infrastructure. In other words, is Ethereum a commodity or is it a security? Let's finally make a decision on these tokens and move forward with policy.

Kevin O'Leary aka Mr. Wonderful

23,136 views • 1 year ago

Brian Armstrong shares the most important lesson from his startup failure before Coinbase After realizing he could make $60/hour tutoring as a college student, Brian and his roommate decided to build an online marketplace for tutors. They would match tutors with students and take a 10% fee on all of the payments. It worked great but there was one hiccup: “What would happen often is they would meet the tutor and do the first payment, but then afterwards they’d start paying them under the table. So I realized at a certain point, we were basically just getting in the way. They wanted us to just match them, but they didn’t want us to be the whole billing apparatus.” After struggling with this problem for years, Brian decided it wasn’t working and took a job as an early employee at Airbnb. He was initially planning on shutting down the site, but because 5,000-10,000 people were still using it every month, he decided to remove the payments and just make it a free online tutoring directory. He also added the option for tutors to pay $10/mo. to promote their profiles on the site. Then he stopped looking at the site to focus on his new job. But the site suddenly began to take off. It doubled every year, and eventually Brian was able to sell the business for $2 million. Brian concludes: “The lesson was to stop trying to extract value and start trying to create more value.” Video source: Steven Bartlett (2022)
2:39

Brian Armstrong shares the most important lesson from his startup failure before Coinbase After realizing he could make $60/hour tutoring as a college student, Brian and his roommate decided to build an online marketplace for tutors. They would match tutors with students and take a 10% fee on all of the payments. It worked great but there was one hiccup: “What would happen often is they would meet the tutor and do the first payment, but then afterwards they’d start paying them under the table. So I realized at a certain point, we were basically just getting in the way. They wanted us to just match them, but they didn’t want us to be the whole billing apparatus.” After struggling with this problem for years, Brian decided it wasn’t working and took a job as an early employee at Airbnb. He was initially planning on shutting down the site, but because 5,000-10,000 people were still using it every month, he decided to remove the payments and just make it a free online tutoring directory. He also added the option for tutors to pay $10/mo. to promote their profiles on the site. Then he stopped looking at the site to focus on his new job. But the site suddenly began to take off. It doubled every year, and eventually Brian was able to sell the business for $2 million. Brian concludes: “The lesson was to stop trying to extract value and start trying to create more value.” Video source: Steven Bartlett (2022)

Startup Archive

101,883 views • 5 months ago

🚨Naval Ravikant on Elon Musk: "Elon is the real deal. There's a story I read about him that affected me. Bill Gates had just taken out a big short on Tesla and Elon said 'Why would you do that?' Bill said he spoke to his financial advisors and they said it made sense. Elon said 'What do you need money for? I thought you cared about climate, etc. What are you doing?' and then he walked away in disgust and never talked to Bill Gates after that. Elon's a purist, he means what he says. The money is a tool for him to do what he wants to do. I take him at face value. I really believe he intends to get to Mars, that's not a joke. And he means to get there within a defined window of time. I don't think that's an inspirational goal, I think he'll do whatever it takes. Elon doesn't want to go down in history as the electric car guy, or the 'I saved America' guy, he wants to go down as the guy who got humanity to the stars. I don't even think he even wants to be known as that, I think he actually just wants to do it because he wants to do it. The only way he gets to experience the science fiction world in his head is if he gets to the stars. I think the Government was just a thing that got in his way, and he needs to get it out of his way so he can go to the stars."
2:58

🚨Naval Ravikant on Elon Musk: "Elon is the real deal. There's a story I read about him that affected me. Bill Gates had just taken out a big short on Tesla and Elon said 'Why would you do that?' Bill said he spoke to his financial advisors and they said it made sense. Elon said 'What do you need money for? I thought you cared about climate, etc. What are you doing?' and then he walked away in disgust and never talked to Bill Gates after that. Elon's a purist, he means what he says. The money is a tool for him to do what he wants to do. I take him at face value. I really believe he intends to get to Mars, that's not a joke. And he means to get there within a defined window of time. I don't think that's an inspirational goal, I think he'll do whatever it takes. Elon doesn't want to go down in history as the electric car guy, or the 'I saved America' guy, he wants to go down as the guy who got humanity to the stars. I don't even think he even wants to be known as that, I think he actually just wants to do it because he wants to do it. The only way he gets to experience the science fiction world in his head is if he gets to the stars. I think the Government was just a thing that got in his way, and he needs to get it out of his way so he can go to the stars."

Autism Capital 🧩

1,205,043 views • 1 year ago

Schumer: There are no negotiations going on. Trump said there were, and we contradicted him. And actually, just a couple of hours ago, even his own press secretary had to refute what he said. And you know why he’s saying this? He’s feeling the heat. We Democrats—Senate Democrats, and House Democrats too—have done a very good job of letting the American people know how important this issue is. We’ve made it clear that the reason Republicans have this Trump shutdown is because they won’t even talk to us about the issue. So this idea that they’re negotiating with us is utter bull. We’ve refuted it. But let me say this: we’re willing to sit down and negotiate the issues of health care and how to relieve the American people of the pain they’re in—anytime, any day, in public.
1:06

Schumer: There are no negotiations going on. Trump said there were, and we contradicted him. And actually, just a couple of hours ago, even his own press secretary had to refute what he said. And you know why he’s saying this? He’s feeling the heat. We Democrats—Senate Democrats, and House Democrats too—have done a very good job of letting the American people know how important this issue is. We’ve made it clear that the reason Republicans have this Trump shutdown is because they won’t even talk to us about the issue. So this idea that they’re negotiating with us is utter bull. We’ve refuted it. But let me say this: we’re willing to sit down and negotiate the issues of health care and how to relieve the American people of the pain they’re in—anytime, any day, in public.

Acyn

141,184 views • 10 months ago

Big Bank is finally speaking on that viral sit-down with Tekashi 6ix9ine… and he’s standing on it. 👀 During a deep convo with Ray Daniels and others, he made it clear the decision wasn’t about street politics — it was about business, growth, and stepping outside comfort zones. The discussion got real about loyalty, accountability, and how the internet has changed the way people look at “street rules.” Some argued you gotta accept whatever comes with certain choices… while others said at the end of the day, feeding your family and evolving matters more than sticking to old codes. At one point, they even questioned why people are still mad at 6ix9ine, with some saying his situation forced him to move how he moved — while others doubled down that he knew exactly what he signed up for. Whole situation got the culture split… is this just business moves, or crossing a line? 🤔
0:50

Big Bank is finally speaking on that viral sit-down with Tekashi 6ix9ine… and he’s standing on it. 👀 During a deep convo with Ray Daniels and others, he made it clear the decision wasn’t about street politics — it was about business, growth, and stepping outside comfort zones. The discussion got real about loyalty, accountability, and how the internet has changed the way people look at “street rules.” Some argued you gotta accept whatever comes with certain choices… while others said at the end of the day, feeding your family and evolving matters more than sticking to old codes. At one point, they even questioned why people are still mad at 6ix9ine, with some saying his situation forced him to move how he moved — while others doubled down that he knew exactly what he signed up for. Whole situation got the culture split… is this just business moves, or crossing a line? 🤔

Traps N Trunks

107,914 views • 2 months ago

Brian Armstrong (Brian Armstrong ) on why founder-led companies are special: Brian: We thought maybe 50% of the company would resign. David: What would've happened if 50% of the company resigned? Brian: We would've built it all back. This is actually a very important point because I think there's a big difference between a founder and a presider of a company. I know that I could build it back because I started it when it was just me on a laptop. And I was there when it was 10 people and 100 people and 1,000 people. And if we need to go from 2000 to 1000 that's not a big deal to me. I could go back to being on my laptop again if I had to. There's this great Lee Kuan Yew [founder of Singapore] speech that he gave when he was dealing with a strike that was happening. He says in this speech, and it gives me chills every time, he says I sat across the table from them and said get back to work. I will not allow you to bring this country down. And if you don’t do it, I’m prepared to rebuild it all from scratch again. And he said anyone who rules Singapore has to have iron in their veins. I will rebuild it all from scratch. I was watching videos like that and was like this is what I need to do as a leader. It was very inspiring. There are moments like that. You have to stand up and say: We're going in this direction and if you're not on board with it, that’s okay, you can leave. But we're going this way. That's leadership.
1:49

Brian Armstrong (Brian Armstrong ) on why founder-led companies are special: Brian: We thought maybe 50% of the company would resign. David: What would've happened if 50% of the company resigned? Brian: We would've built it all back. This is actually a very important point because I think there's a big difference between a founder and a presider of a company. I know that I could build it back because I started it when it was just me on a laptop. And I was there when it was 10 people and 100 people and 1,000 people. And if we need to go from 2000 to 1000 that's not a big deal to me. I could go back to being on my laptop again if I had to. There's this great Lee Kuan Yew [founder of Singapore] speech that he gave when he was dealing with a strike that was happening. He says in this speech, and it gives me chills every time, he says I sat across the table from them and said get back to work. I will not allow you to bring this country down. And if you don’t do it, I’m prepared to rebuild it all from scratch again. And he said anyone who rules Singapore has to have iron in their veins. I will rebuild it all from scratch. I was watching videos like that and was like this is what I need to do as a leader. It was very inspiring. There are moments like that. You have to stand up and say: We're going in this direction and if you're not on board with it, that’s okay, you can leave. But we're going this way. That's leadership.

David Senra

100,936 views • 5 months ago

Goldman Sachs CEO: Tokenized equities is something we’re thinking a lot about David Solomon asks Coinbase CEO Brian Armstrong how he sees tokenized equities unfolding. Brian responds: “A few years ago, people were talking about stablecoins, and they were saying, ‘Why do we need a digital dollar? We kind of can already make digital payments… What’s the point of that?’ It turned out to be a massive market. There’s high demand for the dollar in all these countries around the world, and a lot of people can’t get access to dollar-denominated accounts — they live in a high-inflation country like Turkey or Argentina or Nigeria. So that was one piece. And the other was it just reduced friction in terms of all kinds of payments people wanted to make in crypto for trading and B2B payments. There’s something like $30 trillion of stablecoin payment volume in the last year.” Brian believes tokenized equities will follow a similar path: “We don’t know exactly how it’s going to play out, but if you simply store a share of a company with a traditional custodian and issue a token equivalent of it on-chain, what does that enable? Similar to stablecoins, there’s an international component to this. There’s lots of people in the world who would love to buy Tesla or Nvidia. If you’re wealthy in Argentina, you can probably get a brokerage account open somewhere to trade that kind of stuff, but the vast majority of people cannot. There’s also this 24/7 trading aspect — people want to do that, and I think crypto is going to get there faster. There’s fractional shares, where you can trade a tiny piece of a share. There’s things like perpetual futures markets which have done really well in crypto — why shouldn’t that exist for securities as well? I think you’re going to see some things like this where crypto reduces friction and allows people to try new things. There might even be novel governance things which get created: let’s say you want to create a stock where short-term holders of your stock can’t vote — you can program that into a smart contract on chain and make that new type of token with those capabilities.” And it’s not just equities. Treasuries, private credit, real estate, and many other real world assets (RWAs) are being tokenized, with Ethereum is the preferred settlement rail for compliant institutional capital markets. More than 60% of all tokenized assets — over $200 billion — reside on Ethereum.
2:18

Goldman Sachs CEO: Tokenized equities is something we’re thinking a lot about David Solomon asks Coinbase CEO Brian Armstrong how he sees tokenized equities unfolding. Brian responds: “A few years ago, people were talking about stablecoins, and they were saying, ‘Why do we need a digital dollar? We kind of can already make digital payments… What’s the point of that?’ It turned out to be a massive market. There’s high demand for the dollar in all these countries around the world, and a lot of people can’t get access to dollar-denominated accounts — they live in a high-inflation country like Turkey or Argentina or Nigeria. So that was one piece. And the other was it just reduced friction in terms of all kinds of payments people wanted to make in crypto for trading and B2B payments. There’s something like $30 trillion of stablecoin payment volume in the last year.” Brian believes tokenized equities will follow a similar path: “We don’t know exactly how it’s going to play out, but if you simply store a share of a company with a traditional custodian and issue a token equivalent of it on-chain, what does that enable? Similar to stablecoins, there’s an international component to this. There’s lots of people in the world who would love to buy Tesla or Nvidia. If you’re wealthy in Argentina, you can probably get a brokerage account open somewhere to trade that kind of stuff, but the vast majority of people cannot. There’s also this 24/7 trading aspect — people want to do that, and I think crypto is going to get there faster. There’s fractional shares, where you can trade a tiny piece of a share. There’s things like perpetual futures markets which have done really well in crypto — why shouldn’t that exist for securities as well? I think you’re going to see some things like this where crypto reduces friction and allows people to try new things. There might even be novel governance things which get created: let’s say you want to create a stock where short-term holders of your stock can’t vote — you can program that into a smart contract on chain and make that new type of token with those capabilities.” And it’s not just equities. Treasuries, private credit, real estate, and many other real world assets (RWAs) are being tokenized, with Ethereum is the preferred settlement rail for compliant institutional capital markets. More than 60% of all tokenized assets — over $200 billion — reside on Ethereum.

Etherealize

86,210 views • 5 months ago

The deeper concern, Bannon explained, is that Americans remain largely unaware of the global forces pulling them toward war. While the media focuses on domestic distractions, decisions are being made abroad that could change the course of history. “People are not awake of what is happening throughout the world and how we're being sucked in and supposedly by somebody we support, like Zelenskyy,” he said. The fact that Ukraine allegedly launched such a provocative strike without consulting Washington was, in Bannon’s words, “outrageous.” He doubled down on the danger of continuing to back a foreign leader who’s now acting unilaterally, without American oversight or input. “To know that he never gave the White House heads up. He never asked permission to do this.” Adding fuel to the fire, Senator Lindsey Graham was in Ukraine the same weekend, publicly reaffirming U.S. support. That, according to Bannon, is only making things worse. “It's outrageous! And Lindsey Graham all weekend's over there stirring the pot—We can’t have people over there telling Ukrainians that we're going back more.” In contrast, Bannon said, Donald Trump is trying to de-escalate. “What we try do is calm this down. What President Trump is trying to say is like, look, let's get to a cease-fire. Let's put our weapons down. Let's talk peace and prosperity.” Even if there’s disagreement on the economics, Trump views a negotiated settlement as the only realistic way forward. “We don't support the economic deal. But President Trump is saying that he needs it as a central part of a peace plan.” Still, none of that matters, Bannon warned, if others are charging forward recklessly. “We can't have Lindsey Graham and particularly Zelenskyy leading us into a 3rd World War with a deep strike into Russia.” And Vladimir Putin, he said, is already responding. “And Putin came back today and said, hey, we're gonna get to the bottom of this and we're going to see who is accountable in Ukraine and beyond. And that was a message to the United States.”
1:01

The deeper concern, Bannon explained, is that Americans remain largely unaware of the global forces pulling them toward war. While the media focuses on domestic distractions, decisions are being made abroad that could change the course of history. “People are not awake of what is happening throughout the world and how we're being sucked in and supposedly by somebody we support, like Zelenskyy,” he said. The fact that Ukraine allegedly launched such a provocative strike without consulting Washington was, in Bannon’s words, “outrageous.” He doubled down on the danger of continuing to back a foreign leader who’s now acting unilaterally, without American oversight or input. “To know that he never gave the White House heads up. He never asked permission to do this.” Adding fuel to the fire, Senator Lindsey Graham was in Ukraine the same weekend, publicly reaffirming U.S. support. That, according to Bannon, is only making things worse. “It's outrageous! And Lindsey Graham all weekend's over there stirring the pot—We can’t have people over there telling Ukrainians that we're going back more.” In contrast, Bannon said, Donald Trump is trying to de-escalate. “What we try do is calm this down. What President Trump is trying to say is like, look, let's get to a cease-fire. Let's put our weapons down. Let's talk peace and prosperity.” Even if there’s disagreement on the economics, Trump views a negotiated settlement as the only realistic way forward. “We don't support the economic deal. But President Trump is saying that he needs it as a central part of a peace plan.” Still, none of that matters, Bannon warned, if others are charging forward recklessly. “We can't have Lindsey Graham and particularly Zelenskyy leading us into a 3rd World War with a deep strike into Russia.” And Vladimir Putin, he said, is already responding. “And Putin came back today and said, hey, we're gonna get to the bottom of this and we're going to see who is accountable in Ukraine and beyond. And that was a message to the United States.”

The Vigilant Fox 🦊

256,192 views • 1 year ago

Last week, Mastercard, Visa, Ripple & Coinbase 🛡️ all shipped payment rails for AI agents. Every one of them reached for stablecoins Instead of traditional cards. A choice that is the whole story 👇🏻 ◢ An unpriced problem Card networks are built around a human pressing approve. One purchase, one confirmation, a fee that only makes sense above a certain size. Agents don’t work like that. They pay continuously, programmatically, often in fractions of a cent, for things like an API call or a second of compute. A bot paying $0.004 a thousand times an hour is a transaction pattern the card model physically can’t process at a profit. The rails we built for people don’t fit the machines. ◢ Four giants, one answer On june 3 mastercard opened card settlement in stablecoins across eight chains. On june 10 it launched Agent Pay for Machines, letting agents settle in stablecoins with permissions recorded onchain. The same day, ripple shipped a toolkit putting RLUSD and the x402 standard under agent payments, visa announced an agentic commerce tie-up with openai, and coinbase switched on agentic trading. Four of the biggest names in payments moved in a single week and all landed on the same primitive. ◢ Why it had to be stablecoins Strip out the branding and the requirements are mechanical. The money has to be programmable, so code can hold and move it without a bank in the loop. It has to clear sub-cent payments, which card fees make impossible. It also has to settle in seconds with finality, because that’s the speed agents run at. And it has to be always on, because machines don’t take weekends. A dollar in a bank account fails most of those, while a dollar as a stablecoin passes all of them. ◢ Conclusive Insights For years stablecoins were pitched at consumers who already had working banks and mostly didn’t bite. The adoption story kept underdelivering because the product was aimed at the wrong buyer. The agent economy doesn’t have that problem. It has no legacy banking relationship, no human patience, and no other option that clears at machine speed. The demand that stablecoins were always promised is finally showing up, but not from the customer everyone expected. My take: the entire stablecoin debate was framed around human payments, which is why it kept stalling.
0:33

Last week, Mastercard, Visa, Ripple & Coinbase 🛡️ all shipped payment rails for AI agents. Every one of them reached for stablecoins Instead of traditional cards. A choice that is the whole story 👇🏻 ◢ An unpriced problem Card networks are built around a human pressing approve. One purchase, one confirmation, a fee that only makes sense above a certain size. Agents don’t work like that. They pay continuously, programmatically, often in fractions of a cent, for things like an API call or a second of compute. A bot paying $0.004 a thousand times an hour is a transaction pattern the card model physically can’t process at a profit. The rails we built for people don’t fit the machines. ◢ Four giants, one answer On june 3 mastercard opened card settlement in stablecoins across eight chains. On june 10 it launched Agent Pay for Machines, letting agents settle in stablecoins with permissions recorded onchain. The same day, ripple shipped a toolkit putting RLUSD and the x402 standard under agent payments, visa announced an agentic commerce tie-up with openai, and coinbase switched on agentic trading. Four of the biggest names in payments moved in a single week and all landed on the same primitive. ◢ Why it had to be stablecoins Strip out the branding and the requirements are mechanical. The money has to be programmable, so code can hold and move it without a bank in the loop. It has to clear sub-cent payments, which card fees make impossible. It also has to settle in seconds with finality, because that’s the speed agents run at. And it has to be always on, because machines don’t take weekends. A dollar in a bank account fails most of those, while a dollar as a stablecoin passes all of them. ◢ Conclusive Insights For years stablecoins were pitched at consumers who already had working banks and mostly didn’t bite. The adoption story kept underdelivering because the product was aimed at the wrong buyer. The agent economy doesn’t have that problem. It has no legacy banking relationship, no human patience, and no other option that clears at machine speed. The demand that stablecoins were always promised is finally showing up, but not from the customer everyone expected. My take: the entire stablecoin debate was framed around human payments, which is why it kept stalling.

Onur 🍌🦍

13,727 views • 1 month ago