brian_armstrong

For the record, it's onchain.

Not on-chain or on chain.

Shout out to the Coinbase Investigations team that regularly helps law enforcement capture criminals.

They played a key role in a recent $225M seizure of stolen crypto, working with the secret service. Most of their work doesn't get public recognition.

https://www.theblock.co/post/359503/coinbase-federal-agents-seizing-225-million-stolen-crypto-exchange

A Cypherpunk's Manifesto

by Eric Hughes

https://cdn.nakamotoinstitute.org/docs/cypherpunk-manifesto.txt

Stablecoins are a viral loop for crypto onboarding:

Businesses Instantly feel
receive stables → the benefits

↑ ↓

Pay vendors ← shocked.JPEG
in stables

Great to be in London today to meet with policymakers on how the UK can position itself competitively in the global race for crypto.

This is a pivotal moment - hopeful the UK seizes this opportunity to solidify its position as a global leader in crypto. Bullish on Britain! @Tomduffgordon

Congrats to @jerallaire and the entire @circle team on your IPO and reaching ~$30T in lifetime USDC volume!

Now more than ever, @USDC is the most trusted stablecoin.

Building legitimate, regulated crypto products is tough. Doing so in 2013/14, when Circle was founded, was nearly impossible. Let's all celebrate this milestone with them as a major win for the industry.

Criptomonedele rămân cea mai bipartizană problemă în Washington. Recunoscător lui @RepFrenchHill, @CongressmanGT, @RepAngieCraig, @GOPMajorityWhip, @RepDustyJohnson, @RepDonDavis, @RepBryanSteil, @RepRitchie și @Rep_Davidson pentru că s-au implicat ca co-sponsori ai noii legi privind structura pieței activelor digitale. Leadership-ul lor ajută la aducerea inovației financiare și a clarității reglementării în America!

Great progress on U.S. crypto legislation this week and more to come next week:

➡️ Market structure draft legislation introduced + discussed.
➡️ Bipartisan work continues to bring stablecoin legislation to the floor (likely voting again early next week)
➡️ @StandwithCrypto Day happening 5/14 next week with 60+ crypto founders coming to DC - advocates will keep beating this drum

One thing is clear - both sides care deeply about getting clear rules for crypto and getting it right. Both sides are leading and engaging. After years of being sidelined, crypto isn't just at the table, it's at the top of the agenda.

Good to see the Senate finally voting on stablecoin legislation. It’s a first round to the negotiation, and I expect there will be another vote early next week after more debate.

Frankly, the bill still needs some work (like fixing the prohibition on yield and interest which makes no sense). But this is all part of the process.

Once all members have had time to review the text, and a few changes are made, I suspect the GENIUS Act will be one step closer to the President’s desk with a strong bipartisan vote.

The 52m American voters who hold crypto are watching closely!

Congresul are o oportunitate reală săptămâna aceasta de a avansa legislația privind stablecoin și structura pieței. Sprijinim cu tărie începerea dezbaterii în Senat asupra Legii GENIUS -- și avem nevoie de 60 de voturi pentru a ajunge acolo. De asemenea, salutăm eforturile Camerei pentru a construi pe momentul FIT21. Ambele camere trebuie să acționeze acum dacă sperăm să adoptăm o legislație cuprinzătoare înainte de august.

Our thesis: Crypto is going to eat most of financial services, and @coinbase is 100% focused on crypto.