At the end of a three-hour hearing last month, Senator Ruben Gallego, Democrat of Arizona, sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Mr. Gallego said after the Senate
THE MYSTERIOUS MR. NAKAMOTO: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto, by Benjamin Wallace A few years ago, I met up for coffee in Miami Beach with a person named Keith Rabois. Along with Peter Thiel and Elon Musk, Rabois is a member of the so-called PayPal Mafia — the group that
At a backyard barbecue in San Pedro, Argentina, last May, Rafael Flaiman spotted a friend wearing a light blue blazer that looked a little too snazzy for the occasion. He needled the guy a bit. What’s with the jacket? Mr. Flaiman asked. “La China pays,” the friend replied, with a triumphant smile. La China? Mr.
World Liberty Financial, the cryptocurrency company started by Donald J. Trump and his sons, announced on Tuesday that it was planning to sell a digital currency called a stablecoin, deepening the president’s financial ties to crypto as his administration relaxes enforcement of the industry. The stablecoin would be known as USD1, the company wrote in
President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an audacious idea that has been widely criticized as a scheme to enrich crypto investors. The basis of the stockpile will be a stash of Bitcoin, estimated to be worth as much as $17 billion, that