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AI & Enterprise

Armstrong backs open-weight AI, responds to Huang\'s first X post

Coinbase CEO Brian Armstrong publicly voiced support for open-weight artificial intelligence models, responding to Nvidia CEO Jensen Huang\'s first post on X, blockchain outlet U.Today reported on July 24. Armstrong said open-weight models can outperform closed frontier models for internal corporate work when fine-tuned with company data. Huang’s open letter, backed by major tech firms, argued open-weight AI broadens access and strengthens U.S. leadership while acknowledging misuse risks.

Crypto

Coinbase CEO says bitcoin not under immediate quantum threat but preparations should speed up

Bitcoin is not facing an immediate threat from quantum computers, but the industry should start preparing now, Coinbase CEO Brian Armstrong said. He unveiled the launch of the Bitcoin Security Consortium, which includes Coinbase, BlackRock, Fidelity Digital Assets, Block, Blockstream and Strategy. Coinbase is developing a quantum-resistant key management system and plans joint sessions from August with Bitcoin Core developers, cryptographers and researchers to discuss migration strategies.

Crypto

Ripple CEO says perfection must not block progress, urges U.S. Congress to pass Clarity Act

Ripple CEO Brad Garlinghouse urged the U.S. Congress to pass the digital asset market Clarity Act, saying lawmakers should not delay action even with political differences. He backed Ripple CLO Stuart Alderoty’s view that the bill is a consumer protection measure with anti-money laundering and customer identification provisions and tools for law enforcement. Some Democratic senators oppose the latest draft, reducing prospects for passage this year. Coinbase also urged a Senate vote.