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Tether and Circle dominance is a bad outcome for stablecoins, says Bridge executive

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Miami Beach — The stablecoin space, dominated by Tether and Circle, is hindering competition that could lead to better product-market fit for some important use cases, according to Ben O’Neill, head of currency movement at Bridge. “I think it’s a net bad thing for the growth of stablecoins as a whole, because you have two […]

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Crypto Bill Won’t Move Forward Without Ban on Officials’ Ties to Industry, Says US Senator Gillibrand

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MIAMI — Long-awaited legislation to establish U.S. regulation for crypto markets won’t survive the Senate unless it includes a controversial ethics provision barring top government officials from having personal interests in the industry, U.S. Sen. Kirsten Gillibrand said. “No one is going to vote for this bill if we don’t have an ethics provision,” Gillibrand,

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Bermuda pushes stablecoin payments with USDC airdrop as it woos crypto companies and regulators

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Bermuda aims to set an example of how to integrate crypto into everyday commerce without breaking the financial system, Premier David Burt said on stage at Consensus Miami 2026 on Wednesday. Burt said the small Atlantic island is expanding its “on-chain economy” initiative, an initiative aimed at putting stablecoins in the hands of local residents,

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Eric Trump attacks JPMorgan for rethinking bitcoin after “shitting” on its assets

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MIAMI — Eric Trump, son of President Donald Trump and co-founder of American Bitcoin (ABTC), said Bitcoin BTC$81,416.23 has reached a large influx of traditional financial giants, including the Merrill division of Bank of America Corp., Charles Schwab Corp. and JPMorgan Chase & Co. “JPMorgan, which was shitting all over Bitcoin 18 months ago, saying

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Anthropic signs Elon Musk’s SpaceX compute for Colossus 1 ahead of June IPO

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Anthropic just made Elon Musk’s SpaceX a key supplier for its AI ambitions, and the moment is hard to miss. The Claude maker announced Wednesday that it has signed an agreement to leverage the full computing capacity of SpaceX’s Colossus 1 data center, securing access to more than 220,000 NVIDIA GPUs during the month. The

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Senate must act on crypto market structure legislation

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Nine months ago, Congress passed the GENIUS Act, establishing the first federal regulatory framework for payments stablecoins. The results were eye-opening: the stablecoin market grew 49% in 2025, reaching $306 billion by the end of the year. Circle, Ripple and other digital asset companies have received interim national banking charters from the OCC. Institutional capital

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Engineer Says AI Agents Could Break Internet Advertising-Based Economy

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Erik Reppel, head of engineering at Coinbase, offered insight into how artificial intelligence could reshape the internet’s economy, saying AI agents could force a shift away from the web’s advertising-driven business model. Speaking on stage at Consensus Miami 2026, Reppel, founder of payment protocol x402 and head of engineering at Coinbase Developer Platform, said the

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The legal risks and practical considerations of blacklisting digital assets

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US prosecutors have become increasingly aggressive in freezing digital assets suspected of being linked to illicit activities such as money laundering, “pig butchery” schemes, sanctions violations and other financial crimes. The freezing of digital assets, however, takes on a new dimension when it is voluntarily initiated by the issuer at the request of the government,

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OpenTrade raises $17 million to connect stablecoins to real-world assets

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Stablecoin infrastructure platform OpenTrade closed a $17 million funding round on Wednesday led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC and CMCC Global, bringing its total funding to over $30 million. The London-based company said the funding would be used to expand its permissioned and non-permissioned infrastructure and to support

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NYSE tokenization partners warn that synthetic stock tokens could mislead retail traders

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Executives from Intercontinental Exchange (ICE), OKX and Securitize have warned that tokenized synthetic stocks create market and retail risks, as ICE moves forward with a regulated platform for tokenized U.S. stocks. Michael Blaugrund, who works on strategic initiatives at ICE, the owner of the New York Stock Exchange (NYSE), said during a panel at Consensus

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