Search results for David Sacks
Crypto
Coinbase says it cannot support current draft as backlash leaves U.S. Clarity Act in limbo
The U.S. digital asset market structure bill known as the Clarity Act has stalled ahead of the Senate as lawmakers clash over whether stablecoins can pay interest. As of April 2, it had not passed a Senate Banking Committee markup. The bill passed the House on July 17, 2025 by 294 to 134, but the Senate schedule has been delayed. Disputes also remain over DeFi provisions, ethics rules and legislative hurdles including a 60-vote Senate threshold.
Crypto
U.S. must declare bitcoin a true strategic asset, not just back it
A bitcoin industry figure said the United States will eventually reach a stage where it provides the institutional environment needed for bitcoin to succeed, even if it takes 10 or 20 years. Former Trump administration crypto adviser David Bailey said support alone is insufficient and policymakers must make more progress in implementation. He said it remains unclear how the strategic bitcoin reserve operates and how much the government holds, with Arkham Research estimating about 378,372 BTC.
AI & Enterprise
Running 8 Claude agents to replace 1 worker highlights AI cost hurdle
The operating cost of AI agents could exceed the average annual salary of U.S. workers, an analysis said, raising adoption barriers for companies. Tech investor Jason Calacanis said he spends about $300 a day to run Anthropic’s Claude agent, which handles only 10 to 20 percent of his workload. Others said costs including tokens and maintenance could reach more than $1,200 a day to replace one worker.
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Crypto
TD Cowen says Trump must step in as U.S. CLARITY Act faces headwinds
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AI & Enterprise
Trump pushes to allow Nvidia AI chip exports to China, draws backlash from Washington hawks
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Crypto
Coinbase keeps withdrawal of support for Clarity Act amid White House criticism
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Crypto
Mamdani says he does not own cryptocurrency, rules out investing in Adams\' NYC token
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Crypto
Cathie Wood forecasts Trump will buy bitcoin directly in 2026