Coinbase CEO Brian Armstrong is pushing back against calls for crypto to pivot to artificial intelligence, arguing AI agents will instead stoke demand for crypto-based financial services.Armstrong took to X on Sunday to tout agentic finance (AiFi), highlighting Coinbase’s Base network, USDC and x402 as the infrastructure for autonomous machine-to-machine payments.“AI being a megatrend takes nothing away from crypto,” Armstrong wrote, because AI agents will need programmable money rather than traditional banking rails. “If anything, it makes crypto more important,” he added.His comments come as crypto companies increasingly position blockchain networks as payment infrastructure for AI agents, with agentic payment…

Trump announces his “Liberation Day” tariffs. April 2025. (CNP/AdMedia/Newscom)   I have previously written about how Trump’s new Section 301 tariffs are illegal and harmful. The same goes for his earlier IEEPA tariffs (invalidated by the Supreme Court in a case I helped litigate), and Section 122 tariffs (struck down by the US Court of International Trade in May, though litigation continues). In an insightful recent article, economist David Hebert highlights an underappreciated type of harm caused by Trump’s tariff policies that cannot be fully remedied by court decisions: [T]here’s a far worse outcome from this that cannot be undone by…

AI & Crypto

Read More

Politics

Don't Miss!