During that legislative process, Sacks stepped down from the czar role in March, leaving Witt and his deputy, Harry Jung, trying to manage the administration’s crypto stance. That was complicated by the fact that President Trump’s own crypto empire figured prominently in the talks, as… Read More
That question ran through a Crain’s New York Business event last week, whether the topic was tokenization, compliance or cybersecurity. The people closest to the work aren’t waiting for Congress. They’re building for the world as it is. Adam Schumann, vice president of legal at… Read More
He also pointed to data centers’ job creation, noting demand for construction workers, energy infrastructure and AI compute hardware. Moody’s estimates planned capital spending on U.S. data centers at $700 billion this year, rising to between $2.4 trillion and $2.48 trillion through 2030. Globally, spending… Read More
Among wallets first funded in the second quarter of 2026, 89.3% received additional funding within 30 days, compared with 70.6% for wallets first funded in the Q3 2025. The analysis excluded wallets that made payments on one only one day. The time between a wallet… Read More
ARLINGTON, Va. — The CEO of Kalshi, the company at the center of a high-profile legal battle over the future of prediction markets in the U.S., said the clash won’t ultimately decide whether the rapidly growing industry is overseen by states or a federal agency,… Read More
U.S. inflation is due at 8:30 a.m. ET. Economists surveyed by Dow Jones estimated September’s consumer price index rose 0.6% month-on-month and 3.6% year-on-year. Core CPI, which excludes volatile food and energy prices, is forecast to increase 0.2% from August and 2.5% annually. The numbers… Read More
