New financial technologies are making it faster and cheaper to move money across borders, seemingly reducing the world's reliance on the dollar . - But new research presented at the Jackson Hole symposium suggests financial innovation may instead tighten the dollar's grip on global finance. - Financial innovation is the theme for the annual gathering of central bankers, where they're grappling with how these technologies reshape the financial system. Why it matters: Dollar dominance gives the U.S. enormous financial clout and helps keep demand for its debt strong. - If the paper is right, stablecoins and other forms of tokenized money could strengthen that position, even as concerns grow about America's fiscal health. What they're…
Progressive groups are opening a vicious new front in the fight over crypto legislation , targeting Sen Kirsten Gillibrand as she tries to broker a compromise on the CLARITY Act, which has unresolved issues on its ethics provisions. Why it matters: The blistering — and deeply personal — attack from Indivisible, Demand Progress and the Revolving Door Project complicates already delicate negotiations. - It's also a warning shot to Democrats: Progressive groups are prepared to make support for the bill politically painful, even if it means another bruising intraparty fight over one of the crypto industry's top legislative priorities. - "Senator Kirsten Gillibrand, chair of the Democratic Senatorial Campaign Committee (DSCC), is a prime…
Traditional financial firms are rapidly embracing crypto , marking a turning point for an industry that once viewed digital assets as a threat. Why it matters: A long-running rivalry between Wall Street and crypto is disappearing, with financial institutions racing to meet growing demand for digital assets from retail and institutional investors. What they're saying: "Nearly all traditional financial services companies are gonna offer crypto, bitcoin, ethereum to their customers," David Ripley, the co-CEO of cryptocurrency exchange Kraken, told Axios on Tuesday. - Ripley called this "a big story of 2026." Banks and brokerages are responding to demand from retail investors, institutions and wealthy clients. The big picture: A collision of…
A new generation of cryptocurrency, pegged to the dollar, is growing rapidly, promising faster payments and potentially lower interest rates. But regulators and bankers warn of risks.
Coinbase CEO Brian Armstrong said the stupid part out loud, recently opining on how the Chinese Communist Party’s (CCP) state-sponsored digital yuan will soon be paying out “interest.”Now the central bank digital currency (CBDC) argument has to be had all over again.Armstrong heaped praise on the CCP’s approach: “China has decided to pay interest on […] The post Trump Must Ignore Coinbase’s CEO’s China PR and Keep Crypto Free from State Control. appeared first on The National Pulse .
Coinbase CEO Brian Armstrong said the stupid part out loud, recently opining on how the Chinese Communist Party’s (CCP) state-sponsored digital yuan will soon be paying out “interest.” Now the central bank digital currency (CBDC) argument has to be had all over again. Armstrong heaped praise on the CCP’s approach: “China has decided to pay interest on its own stablecoin, because it benefits ordinary people, and they recognize it as a competitive advantage.” Alarm bells toll. The guy with all our crypto accounts at his fingertips has developed a taste for putting the blockchain in government hands. It would be bad enough if it were a U.S. central digital bank. It’s all the worse for being China. The CCP is not running some…Open
AI:Coinbase CEO Brian Armstrong is facing criticism for praising the Chinese Communist Party's decision to pay interest on its state-sponsored digital yuan, a move that experts warn is a deceptive tactic to mask a Central Bank Digital Currency (CBDC) designed for total financial surveillance and control. This push for state-administered digital money threatens the fundamental purpose of blockchain technology by inviting government oversight into private transactions under the guise of competitive advantage or consumer benefit. As the distinction between private stablecoins and government-controlled digital cash blurs, it is imperative that President Trump maintains his stance against CBDCs to protect American financial freedom from being…Open
