We're very pleased that in our Underwood case, the SDNY Court dismissed claims covering 99.7% of the transaction volume at issue. And because no self-respecting Tiger Dad would accept anything less, @Coinbase will continue to vigorously defend the remaining 0.03%— count on that.

More than a year ago, the House passed the Clarity Act. There’s been progress since — thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate Republicans produced a floor-ready product that, as I type this, is waiting for a vote. It’s disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. Find another instance in history where Congress, when given the choice, opted to push an industry out of the United States rather than smartly regulate it. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts. These same Democrats — many of whom have taken millions of dollars from the crypto industry — proclaim that Clarity lacks safeguards for consumers and falls short in countering illicit finance. Nothing could be further from the truth. Titles II and III materially uplift regulatory and compliance obligations for digital asset intermediaries, placing them on similar footing with traditional financial institutions. The Blockchain Regulatory Certainty Act — which Washington lobbyists have spun up as a boogeyman for certain groups of prosecutors and law enforcement — does nothing other than codify longstanding Treasury Department policy that’s remained consistent across Administrations: non-custodial builders and developers are not, and have never been, subject to registration obligations under the Bank Secrecy Act. And at this point, major law enforcement trades that once opposed the bill, including the Fraternal Order of Police, have now endorsed it. The Senate needs to vote NOW on this landmark legislation. The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the “Anti-Crypto Army” she once promised to build. In the days ahead, Leader Thune will put this theory to the test. Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel’s Left flank? America will lead or America won’t. It’s not more complicated than that. I believe Satoshi once said it best: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”

Change is hard. Entrenched incumbents are using every political trick to protect their special privileges. But I’m confident the Senate will do the right thing for the American people and get CLARITY across the finish line. 🇺🇸🇺🇸🇺🇸

It's time to get CLARITY done. Thanks to everyone who’s worked tirelessly to get us to this point, a true bi-partisan effort. Clear rules are almost here - we’re at the one yard line.

We just launched the ability for businesses to accept payments from agents with x402. With a @CoinbaseBiz account, your company can offer products and services to AI agents and humans alike via the same trusted stablecoin infrastructure. Powered by @CoinbaseDev.

JUST IN: 🇺🇸 American Bankers Association CEO tells CNBC "There's a lot of good in the Clarity Act" 👀 "I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world." "We're working with the Senators" on this bill.

David Tepper says he bought and demolished the Hamptons mansion of his former Goldman Sachs boss, John Corzine, for $43.5 million to get revenge for years of humiliation. “I worked on the high-yield bond desk in the late ’80s. I was considered one of the best. Then I found out Corzine had passed me over for partnership yet again. I was absolutely devastated and humiliated” “Then came another rejection. And another. I kept thinking, ‘My God, I just can’t break through. It’s always another “no” from the people at the top” “In 1992, I left and founded Appaloosa. Within ten years, I had become a billionaire. And he was still there” “In 2010, I bought his old Hamptons mansion from his ex-wife for $43.5 million. I could have just lived in it. I said, No” “I tore it down completely and built a house twice the size. That was my way of settling the score for all those years of humiliation”

Six months ago, Molly Abraham, GC at @coinbase considered legal drafting to be her superpower. Then she replaced herself with an AI agent. @mollyisonchain explains her thought process in this clip. "I had to get comfortable with the idea that something I considered like an N of one attribute of my own was something I could automate, I could train, I could improve."

.@dhh credits Marc Andreessen @pmarca with helping him the most during the darkest time of his professional life: "It was during that rough going where Andreessen came in. We were a small company of 60 people and 20 took the offer and left. That's almost a third of the company that decided to leave and we got to a point where we were thinking that not many more have to leave before we need to worry about whether we can keep the lights on. And it was actually Tobi who then put me in contact with Marc Andreessen because Marc had been exposed to this phenomenon at some of his portfolio companies. And Marc gave us reassurance and a bunch of contacts. Marc said, "Do you need someone to come in to help do programming or help with operations or whatever?" And I was floored by the generosity because Marc and I haven't always seen eye to eye on things. Especially in terms of venture capital. He's been one of the main faces of venture capital for decades and I've been kind of critical at times. And it was just a realization that all those grievances we might have thought to be so big once upon a time were actually minuscule. We were fighting the white walkers on the other side of the wall and all our internal squabbles were going to be for nothing if those f*ckers got inside the wall and destroyed everything. And that felt like a real threat at the time. That could've happened. They could very well have just ripped the whole thing apart. And Marc clearly saw that that this was a collective, almost existential threat to the entire industry. If these activists were able to take over these institutions in the same way that they have taken over academia we would be f*cked and not just for a little while but potentially for decades. That couldn't stand. And Marc was incredibly helpful not just in terms of these contacts and introductions and so on but it was very powerful. When you have literally 40,000 people on Twitter calling you all the worst things in the world even the strongest individual might go for a second like "Holy sh*t. The mob is coming for me and there's no one else there." And there are other people there. Tobi was there. Marc was there. And it was incredibly helpful to give us the fortitude to go like "No do you know what? We're going to stick with it. We're not going to grovel. We're not going to apologize. We're not going to revert." And then what Marc also did was he gave me a syllabus for understanding the history of wokeness going all the way back to the '60s and beyond. That this didn't just come as lightning from a blue sky. This had an institutional grounding that was set in motion particularly in the '60s and the long march through the institutions, Herbert Marcuse and a lot of The Frankfurt School and all of these groups that had designs on how to reshape society and create the revolution they so dearly wanted, but with a timeline and a roadmap that was demarcated in decades. That it wasn't just like "Well we're going to put something together and then in two years something's going to happen." No they were sitting in the fucking '60s fantasizing about how to overthrow everything in the 2000s. It's actually incredible in a Dr. Evil sense of it but when you're on the receiving end of it it seemed a little less incredible and it was just difficult not knowing where's this coming from? Why is this happening all of a sudden? Well it wasn't happening all of a sudden. There was this long history of it and when you understood that history it made a lot more sense. We weren't just making a rejection for our little corner of the world. We were chipping in in the great civilizational battle of where this country was going to go, whether the white walkers beyond the wall were going to win. And we were like "No they're not going to f*cking win. Get them out of that f*cking wall. Take your goddamn spear and fire it with maximum velocity."

Franklin Templeton supports passage of the CLARITY Act. The bill would make clear how crypto is regulated. Investors would know what protections apply. Firms would know which regulators they answer to. It’s time to provide the industry the clarity it needs.

This is the worst mass doxxing I've ever seen Just personally searched several high end apartment buildings that include people I personally know's PRIMARY residence (not pied a terre) Not only were their units listed, but nearly every unit in the entire building was listed They clearly took an incredibly expansive view of "could be" and just doxxed a huge percentage of all expensive apartments in new york city Fuck absolutely everyone involved in this, this is incredibly dangerous

Bernard Arnault going direct is remarkable and worth reading in full The single most impressive thing is that Arnault (personally, not via company spokesman) responds to a major hit piece without at all accepting the role of defendant He never complains about “biased reporters” or “they ignored our fact check” etc. He instead: 1) Does not flinch. He starts by giving the rebuttal a title: “Thank You.” Not “Addressing Recent Allegations” or whatever but implying the expose has backfired and made him look good. Eg: “They used to call me The Terminator. I prefer ‘the last royal family.’ It’s more elegant, and probably better for Dior sales.” Tone stays measured and bemused throughout; it’s giving Logan Roy 2) Lampoons the allegations. His wry humor makes the expose seem silly and theatrical, his tone is like he’s divulging a stupid child. He opens with, “Apparently I am the head of ‘the last royal family of France’.” And drops gems like, “At the Arnault family, apparently, we don’t argue, we conspire. We don’t deliberate, we plot. It’s novelistic… What, in an ordinary family, is simply called Sunday lunch becomes, in our case, an intrigue. It’s a matter of vocabulary.” 3) Reframes the whole narrative. From billionaire to steward, from an oligarch pursuing power to a patriarch preserving an institution built by and for others Eg: “You describe power as though it were a prize to be won. I experience it as a responsibility to be passed on. The houses entrusted to me are older than I am. Most will outlive me. My role is to hand them on stronger than I found them. That is why I reject the idea of a dynasty. Dynasties exist to preserve privileges. We work to preserve craftsmanship.” Interestingly, in the very act of doing this Arnault shows how masterful he is at wielding power, and he summons that skill here to make the reporters look like bumbling neophytes

why is brian armstrong, CEO of coinbase, still doing this after 14 years? "even if my day sucks, people in DC are telling me i'm an idiot, jamie dimon hates me. we got to go create more economic freedom in the world" half the world has no property rights over their own money. 4 billion locked out of markets entirely crypto's fundamental value prop is that it gives everyone access to non-sovereign money & all capital markets, trenchers & brian have the same principles around economic freedom even though it may not be as apparent sometimes

Major cheat code for life: Always assume things will work out, then do the work to make it true. It’s a mindset of active optimism. Earned faith. It creates a quiet confidence that allows you to tolerate the uncertainty of life better than anything else.

What @tobi is doing here is remarkable: running GLM-5.2, a 753B-parameter AI model, locally on a Dell Pro Max with GB300 at 40 tokens per second. No data center. No API. No cloud. Unmetered intelligence. Frontier-scale AI is becoming personal.🚀