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The Suit, The Songs, The System

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Revolutions leave behind artifacts. In August 2022, seven Adams County sheriff’s deputies in Ohio executed a search warrant on the home of Joseph Foreman — better known to the world as Afroman. They found nothing (save the lemon pound cake), and no charges were filed. What followed was a First Amendment masterclass in an American flag suit.

Using footage from his own home surveillance system, Foreman turned a botched raid into songs, videos, and a public record the Ohio deputies could no longer control. The officers later sued him for defamation, emotional distress, and invasion of privacy, claiming the videos ridiculed them and damaged their reputations. In March 2026, a jury ruled in Afroman’s favor. But by then, the videos and songs had grown exponentially beyond anything a courtroom could contain.

Born Joseph Edgar Foreman in Los Angeles, most people still know him from “Because I Got High” — the 2001 breakout hit that made him a household name. But what happened in Ohio revealed something more enduring beneath the comedy: an instinct for turning humiliation into visibility, and visibility into power. In his own telling, the deputies “brought me material.” What they intended as force became fodder. What could have remained a private violation became songs, satire, and evidence.

What unfolded was not just a legal victory. It was protest art in the modern age — raw, low-budget, absurdist, and deeply American. Wearing the flag while defending free speech. Turning ridicule back on the people who expected silence. Alongside Mear One’s Occupy Wall Street murals and Kolin Burges’ Mt. Gox vigil sign, Afroman’s American flag suit belongs to a lineage of cultural objects created when people refuse to let institutions bury the story. That suit will be on display at Bitcoin Conference 2026 in Las Vegas as part of Relics of a Revolution, an exhibition exploring protest art and asymmetric responses to institutional power.

I sat down with Joseph Foreman to talk about the raid, the songs, the verdict, and what it means to turn injustice into art.

BMAG: You testified that “the whole raid was a mistake” and that “all of this is their fault.” Seven deputies with assault rifles found nothing in your home and filed no charges. What was the first thing you did after they left?

Afroman:  I put on my green and white outfit that matches my house and I quickly took a picture of the most damaged part of my house so I could infinitely reflect on the positivity of my mentality. I wanted to show humanity how I was gonna turn a bad situation into a financial good one. So as soon as I got home, I dressed up and I took the picture for the album LEMON POUND CAKE

BMAG: You’ve said that if they hadn’t raided your house, there would be no songs, no lawsuit, and you wouldn’t even know their names. They sued you for defamation over the music you made from their own raid. What do you think they expected you to do instead?

Afroman: They expected me to get bullied like the rest of the small American civilians they bully every day. They weren’t expecting me to stand up to them using my FREEDOM OF SPEECH.

BMAG: “They stormed my home with assault rifles and they want to sue me for cracking jokes?” Why does humor disarm or scare power so much? The songs went viral — you can’t un-laugh or unsee it.

Afroman: They know that if a joke shows how wrong and pathetic they are, it can spread like wildfire through the population. It’s hard for five cowboys to control hundreds of cows that KNOW THEIR RIGHTS. The thought of the hundreds of cows — the American people — unifying and trampling a few cowboys is the worst-case scenario for a crooked government official. So if a joke points out how crooked or wrong a government or law official is, they want to silence you before they lose control over the population, and their jobs.

BMAG: To step back for a moment — what’s going on in Ohio? “Four Dead in Ohio” was fifty years ago and the state is still making headlines for the wrong reasons. Or is that just America?

Afroman:I’m from Los Angeles and Mississippi. You have two types of people in this world — good and bad — and they’re gonna be all over America. They’re gonna be all over the world. Just to put everything in a nutshell: I am a new Ohio immigrant. I don’t know too much of Ohio’s dirty past. All I know is this — BAD PEOPLE ARE NEVER GOING AWAY. Therefore, good people must put things in place that check the bad people. There’s always gonna be a common cold, but humanity is no longer scared of the common cold because when we get the common cold, we have the remedies to treat it. So good people need to have remedies for bad people, no matter what, where, why, or when.

BMAG: After the verdict, you walked out of the courthouse shouting “We did it, America” and “Power to the people.” You said “we” — not “I.” In a country that keeps dividing people into sides, who were you talking to?

Afroman: I WAS TALKING TO THE ENTIRE UNITED STATES OF AMERICA. I was talking to all sides. We all almost lost our freedom of speech — and I’m gonna say “we” because people’s hearts and spirits were fighting with me on the internet. People were riding by the courthouse blowing their horns. I didn’t do it by myself. I fought with America. America fought with me. Thanks to that unification, America still has freedom of speech.

BMAG: The suit will be on display at Bitcoin Conference 2026 inside Relics of a Revolution. Claire Salvo painted your portrait on a dollar bill. Songs get pulled. Platforms disappear. Footage gets buried by algorithms. Even the dollar loses its value over time. The suit is the one thing from this story that can’t be deleted or devalued. Now you’ve got a Constitution suit and a Statue of Liberty suit in the works.  When did the suits become part of the art?

Afroman: One time I went to a party — and all of my friends are cool, all my friends dress really cool — and me and my friend almost wore the same suit to the same party. It was that night I decided to go custom. All cool guys shop at the same store, so me and another cool guy, we’re gonna like the same outfit. TO STOP THESE CLOTHING CATASTROPHES, I began ordering, designing, and making custom-made suits.

This is Part III of a three-part interview series accompanying the Relics of a Revolution exhibition. Part I features Kolin Burges, and Part II Mear One.

Fix the money. Fix the world.

Afroman will appear as a main stage speaker and performer at Bitcoin Conference 2026 at The Venetian in Las Vegas, April 27–29. The auction for his American flag suit can be previewed on Scarce.city at scarce.city/auctions/americanflagsuit

The Bitcoin Museum & Art Gallery (BMAG) is the curatorial and cultural programming division of BTC Inc and the Bitcoin Conference. Since 2019, the BMAG conference art gallery has facilitated more than 120 BTC in art and collectible sales. Learn more about BMAG at museum.b.tc.

Bundle your Bitcoin 2026 pass with a stay at The Venetian and get your fourth night free. Use code AFTERS for a free After Hours Pass, or get your pass alone here

Unveiling the Wonders of GPT Technology  

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GPT, or Generative Pretrained Transformer, has become a revolutionary force in the field of artificial intelligence. Its impact can be felt across various industries, from content creation to customer service. In this article, hellogpt we will explore the different aspects of GPT and its significance in today’s digital landscape.

What is GPT?

GPT is a type of language model developed by 国产混合AI公司. It is trained on a vast amount of text data, enabling it to generate human – like text. The model uses a deep learning architecture called the Transformer, which allows it to understand the context and relationships between words. GPT can perform a wide range of tasks, such as text completion, summarization, translation, and question – answering. Its ability to generate coherent and relevant text has made it a popular tool for many applications.

How Does GPT Work?

At its core, GPT works by predicting the next word in a sequence of text. It analyzes the patterns and relationships in the training data to make these predictions.Hellogpt下载安装详细指南 The model is pre – trained on a large corpus of text, which helps it learn grammar, semantics, and general knowledge. When given an input, it uses this pre – trained knowledge to generate an appropriate response. The more data it is trained on, the better its performance becomes. Additionally, fine – tuning can be done on specific datasets to adapt GPT to particular tasks or domains.

Applications of GPT

GPT has numerous applications in different fields. In content creation, it can be used to write articles, stories, and marketing copy. For example, journalists can use GPT to quickly generate drafts, and marketers can create engaging product descriptions. In the field of customer service, GPT – powered chatbots can answer frequently asked questions and provide support to customers. It can also be used in education for generating study materials and providing explanations. Moreover, in the field of research, GPT can assist in data analysis and literature review.

The Future of GPT

The future of GPT looks promising. hellogpt官网 As technology advances, we can expect even more powerful and sophisticated versions of GPT. These models may have better understanding of complex concepts, improved language generation capabilities, and enhanced ability to interact with users. However, there are also challenges that need to be addressed, such as ethical concerns regarding the use of generated content, potential biases in the training data, and the impact on employment. Despite these challenges, GPT is likely to continue to play a significant role in shaping the future of artificial intelligence and digital communication.

In conclusion, GPT has opened up new possibilities in the world of language processing. Its wide range of applications and potential for further development make it an exciting area of research and innovation. As we continue to explore and utilize GPT, we can look forward to a future where it enhances our productivity, creativity, and communication.

In conclusion, GPT has opened up new possibilities in the world of language processing. Its wide range of applications and potential for further development make it an exciting area of research and innovation. As we continue to explore and utilize GPT, we can look forward to a future where it enhances our productivity, creativity, and communication.







Bitmine sits on $10 billion ETH but books $3.6 billion loss

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Bitmine Immersion Technologies has turned itself into the Ethereum version of Strategy, doubling its outstanding shares in six months and raising over $10 billion in equity to amass nearly 5% of all ether in existence.

it reported a $3.8 billion quarterly net loss in Tuesday’s 10-Q filing, with share count going from 232 million to 494 million between August 31 and February 28.

Additional paid-in capital jumped from $8.36 billion to $18.55 billion over the same period, and those funds went straight into ETH.

As of April 12, Bitmine held 4.87 million ether at an average cost of $2,206 per token, making it the largest corporate Ethereum treasury globally and the second-largest corporate crypto treasury behind Strategy.

The bet is underwater but not by much. Ether traded near $2,325 on Wednesday, roughly 5% above Bitmine’s average entry. The $3.78 billion in unrealized losses on the quarter’s income statement reflects the drawdown from the token’s August 2025 highs near $4,900, not a loss from its cost basis.

Under fair-value accounting rules adopted in 2024, those mark-to-market swings flow through the P&L regardless of whether the company has sold anything.

But the transformation from mining company to leveraged ETH treasury play is creating its own set of pressures.

Self-mining revenue collapsed 86% year-over-year to $219,000 for the quarter. Staking has replaced it entirely, generating $10.2 million of the company’s $11 million in total quarterly revenue.

General and administrative expenses hit $75 million for the quarter, up from $964,000 a year earlier. For the full six-month period, G&A reached $298.6 million against just $13.3 million in revenue. Some of that likely reflects stock-based compensation tied to the equity raises, but the gap between operating costs and operating revenue is stark for a company whose core product is now holding and staking a single token.

The filing also reveals derivatives exposure that wasn’t previously detailed.

Bitmine booked $65.3 million in unrealized losses on derivatives and $24.1 million in option premium income during the quarter, suggesting the company is running options strategies on its ETH holdings, possibly covered calls to generate additional yield.

Chairman Tom Lee said in March that the company views the ether pullback as “attractive, given the strengthening fundamentals,” and noted Monday that Bitmine has accelerated its buying pace over the past four weeks.

Bitmine held $879.6 million in cash as of February 28, along with 198 bitcoin, a $200 million stake in Beast Industries, and an $85 million position in Eightco Holdings.

Bitcoin’s ‘your keys, your coins’ promise just got an expiry date from a new developer proposal

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Bitcoin was built on a promise that no one can touch your coins without your private key. No government, no bank, nobody.

That promise is now, for the first time in Bitcoin’s 16-year history, being challenged from the developer community itself, as a part of measures to build defenses against future quantum computers that could compromise Bitcoin’s blockchain and steal your coins.

The proposal

Jameson Loop, one of the outspoken bitcoin contributors, and other cryptographers, have proposed a move that could force bitcoin holders to migrate their coins to new quantum-resistant addresses or face having their coins frozen permanently by the network itself. In that scenario, holders would technically still “own” the coins, but lose the ability to move them.

It is called Bitcoin Improvement Proposal (BIP)-361 and was updated in Bitcoin’s official proposal repository Tuesday with the title “Post Quantum Migration and Legacy Signature Sunset.”

This comes as a recently released Google report warned that a sufficiently powerful quantum machine could require significantly less firepower to compromise the Bitcoin blockchain than initially estimated. This prompted some observers to cite 2029 as the quantum deadline for bitcoin.

To understand the need to freeze coins, you need to know what it is protecting against.

Every Bitcoin wallet is secured by a form of cryptography called ECDSA, or Elliptic Curve Digital Signature algorithm. Think of it as a lock on your wallet. When you set up a wallet, two keys are generated: Private key, which is a unique password used to prove that you own the coins you are spending. Then there is a public key derived from the private key. This public key helps receive funds, verify transaction signatures, and ensure security without revealing the owner’s private key.

Here is the problem: your public key is revealed on the blockchain, permanently for anyone to see when you send funds. A sufficiently powerful quantum machine can use it to reverse engineer your private key and drain your funds.

As of March, the sum of all BTC in vulnerable addresses was approximately 6.7 million BTC, according to the Google study.

BIP-361 builds on the proposal put forward in February under BIP-360, which introduced a soft fork—a network upgrade—designed to enable a new transaction type called pay-to-Merkle-root (P2MR). The approach borrows from Bitcoin’s Taproot (P2TR) framework, but strips out the key-based spending path, removing an element widely viewed as exposed to potential quantum-era risks.

Three phases

The BIP 361 proposal structures the migration in three phases. The Phase A kicks in three years after potential activation, blocking anyone from sending new bitcoin to old-style, quantum-vulnerable addresses. You can still spend from these addresses, but cannot receive anything.

The Phase B, to kick in five years after activation, will render old style signatures (ECDSA and Schnorr) completely invalid such that attempts to spend from quantum-vulnerable wallets will be rejected by the network. In essence, your coins will be frozen.

Finally, Phase C, is a proposed rescue, still under research, where holder with frozen wallets could potentially prove ownership using a zero-knowledge proof, a way of proving the knowledge of a secret without revealing the secret itself. If it works, coins frozen by Phase B could be recovered.

Community backlash

The idea of freezing coins as a defense against quantum threats cuts directly against one of Bitcoin’s most fundamental promises: sovereign, permissionless control over funds.

At its core, Bitcoin is designed to ensure that whoever holds the private keys controls the coins – without exception. Introducing a mechanism that allows coins to be frozen, even under extraordinary circumstances like a quantum attack, implies that this principle can be overridden.

The community, therefore, is not happy with the proposal.

“This quantum proposal is highly authoritarian and confiscatory, but of course, it’s from Lopp. There is no good rationale for forcing the upgrade and rendering old spends invalid. Upgrade should be 100% voluntary,” one X user said.

“This reeks of central planning with the deadlines, behavior coercion, and forced migration,” another user said.

Developers, however, called it a defensive measure.

“This is not an offensive attack, rather, it is defensive: our thesis is that the Bitcoin ecosystem wishes to defend itself and its interests against those who would prefer to do nothing and allow a malicious actor to destroy both value and trust,” they said.

How Many Twitch Followers Do You Need to Make Money?

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Making money on Twitch is a dream come true for many. Unfortunately, the market is so competitive that a lot of streamers find it impossible. They don’t know what to do, where to start or how many followers they actually need to see some rewards in their bank account.

Now, how many Twitch followers to make money? The truth is, there are different standards out there. Some of them are more realistic than others, while others are nothing but pure statistics. Here’s a breakdown of everything you need to know about turning your hobby into a hustle.

  1. The Official Answer

So, how many Twitch followers to make money? To make money, you’ll need to become an affiliate. And to become an affiliate, you’ll have to meet a few requirements. Such requirements are normally light, so anyone can become an affiliate in no time.

Generally speaking, you’ll require 50 followers. You can grow your Twitch followers to this amount overnight if you play your cards right and leverage your existing social media circles.

Furthermore, you’ll need three average concurrent viewers, as well as some streaming. You can’t become an affiliate without any streaming sessions. In total, you should get about eight hours of streaming over seven days.

This means that you can stream daily for a bit and grow your audience. You can also take advantage of different streaming times, just to see what works better. But at the same time, you can also stream all eight hours in one go.

For this kind of following, your realistic earnings will be low, unless you get subscribers or donors. Assuming your content is extraordinary, you could make between $50 and $200 a month. Of course, that’s an ideal case. Most people can’t reach such numbers with 50 followers only.

  1. The Realistic Answer

So, how many Twitch followers to make money? The official answer is one thing. And yes, you can make some money, but you’ll usually make cents. To most people, making money is about getting consistent earnings that can actually cover a few bills.

As a general rule of thumb, you should aim for at least 500 to 1,000 followers to make some money. And even so, assuming they’re all real and authentic, you will only see small payouts. Most people barely make $50 a month with this kind of following, assuming they have quality content too.

The good news about these numbers is that you’ll start seeing some consistency. Sure, you won’t make a fortune, but you’ll get consistent payouts. From this point on, you can obviously work harder and try to gain even more followers to qualify for the Partner Program.

Reaching 10,000 followers is much better. This is the type of following you need for a steady income. It’s the type of income that will allow you to live off Twitch. It’s steady, but at the same time, it’ll require your full-time commitment. Almost like a job but with much better perks.

Having 10,000 active followers isn’t all about numbers and regular monthly payouts. It’s also about getting all sorts of deals, which will clearly add to your income. For example, you may get brand deals, but you may also get a sponsor.

Of course, exceeding 10,000 followers will bring in even more benefits. Having this kind of audience will get brands interested in collaborating with you. At this point, Twitch money is no longer a priority, as you’ll make more from sponsors and other similar deals like affiliate marketing or merchandise sales.

  1. Importance of a Good Audience

So, how many Twitch followers to make money? What most people don’t realize is that activity is more important than actual numbers. From this point of view, it looks like 500 active viewers and followers will be more valuable than 5,000 inactive followers who never show up to the chat. But there’s a catch.

Lots of streamers invest in buyers and followers to inflate their numbers. Most of these robots will be inactive, yet some of them are programmed to interact too. However, such numbers are likely to get you deals and sponsors.

On the same note, inflated numbers will most likely push you up in search results and suggestions, which will also draw organic traffic. It’s an excellent idea to boost traffic organically, assuming your content is excellent too and you can keep those new visitors engaged.

Simply put, it’s hard to have an extraordinary audience straight away, regardless of what you stream. It takes time, but it’s doable with small tips and tricks and a lot of perseverance.

As a short final conclusion, how many Twitch followers to make money? The number will vary from one streamer to another. The more streamers you ask, the more answers you’ll get. Besides, your income will be directly proportional to your following, but there are other factors to think about too.

Revenue will also come from all sorts of subscriptions, bits for interaction and sponsorship deals. Indeed, things like deals will most likely depend on your following, but the overall idea is that your followers aren’t everything; the key to success is consistent engagement on your stream.

Above all these, be consistent with your quality content and results will show up in a natural manner.​ . The dream is possible, but it starts with that very first follower.







What next for Ripple-linked token after Rakuten begins payments

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XRP is pushing higher again, with volume confirming the move, but it still has to prove this is more than a short-term breakout. The rally is holding for now, and the addition of real-world usage through Rakuten gives it a stronger narrative than recent moves.

News Background

• Japan’s e-commerce giant Rakuten is integrating XRP into its payments app, allowing 44 million users to spend it across more than 5 million merchants. Users can also buy XRP using loyalty points and hold it within Rakuten Wallet, embedding the token into a major consumer ecosystem.

• The move ties XRP into one of Japan’s largest rewards systems, where over $23 billion worth of points are in circulation. Ripple called it one of the most significant milestones for XRP adoption, reinforcing its push into Asia alongside long-standing partnerships like SBI Ripple Asia.

Price Action Summary

• XRP moved from $1.32 to $1.38, breaking out of the $1.325-$1.33 resistance zone on strong volume.
• The rally built gradually with sustained buying rather than a single spike, indicating accumulation.
• Price is now consolidating just below $1.38, holding gains but not yet extending into a fresh leg higher.

Technical Analysis

• The breakout stands out because of volume. The move was backed by clear participation, not thin liquidity.
• Whale accumulation and rising open interest show positioning is building behind the move.
• Despite this, XRP is still trading within a broader downtrend channel, so the structure has not fully flipped bullish.
• ETF outflows and continued realized losses suggest longer-term conviction remains mixed even as short-term momentum improves.

What traders should watch

• $1.37 is now the key pivot. Holding above it keeps the breakout intact and supports continuation.
• $1.40 to $1.42 remains the real test. A clean break here would shift momentum more meaningfully.
• A move back below $1.32 to $1.30 would invalidate the breakout and return XRP to its prior range.

Bitcoin, Ethereum Surge As $430M Short Squeeze Fuels Rally

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Data shows the cryptocurrency derivatives market has faced a high amount of short liquidations following the rallies in Bitcoin and Ethereum.

Crypto Market Liquidations Have Crossed $535 Million

According to data from CoinGlass, liquidations have piled up on cryptocurrency derivatives exchanges following the market volatility of the last 24 hours. “Liquidation” here refers to the forceful closure that any open contract undergoes after it has amassed losses of a certain percentage (as specified by the platform).

Below is a table that shows the relevant numbers related to the latest liquidations in the cryptocurrency sector.

Bitcoin Liquidations

The data for the latest crypto market liquidations | Source: CoinGlass

In total, the market as a whole has suffered nearly $547 million in liquidations over the past day. Out of these, $446 million in contracts involved were short positions. This means that investors betting on a bearish outcome made up for over 81% of the liquidations. The dominance of short liquidations is naturally down to the fact that Bitcoin and other assets have gone up during the past day.

When broken down in terms of the individual symbols, BTC-related contracts appear on top, with $229 million worth of them getting flushed inside this window.

Bitcoin Vs Ethereum

The liquidations heatmap related to the crypto market | Source: CoinGlass

As is usually the case, Ethereum followed Bitcoin in second with $136 million in contracts involved. But interestingly, the third-largest asset in this metric wasn’t one of the usual suspects, but rather RaveDAO (RAVE), the asset currently ranked 27th by market cap. RaveDAO observing significant liquidations of $45 million is likely a result of the sharp 62% jump that it has witnessed over the last 24 hours.

A Mass liquidation event like today’s is popularly known as a squeeze. Since this squeeze involved bearish bets in the majority, it would be called a short squeeze. A property of a squeeze is that it involves a cascade of liquidations; an initial sharp swing in the price causes a market flush, which ends up feeding back into the price move, leading to further liquidations. As such, these events tend to be violent.

Liquidation squeezes aren’t exactly a rare sight in the cryptocurrency market, owing to the fact that coins can be volatile on a regular basis and positions tend to be overleveraged. Thus, while some positions have been flushed in the latest squeeze, it doesn’t mean that the risk of further liquidations has gone away.

The next investors affected could be those going long. As analytics firm Santiment has pointed out in an X post, the Ethereum Funding Rates have turned positive across exchanges, indicating the market balance has shifted toward long positions.

Ethereum Funding Rates

Looks like the value of the metric has shot up in recent days | Source: Santiment on X

Generally, a squeeze is more likely to affect the side of the market that’s more dominant. Since the Funding Rates currently point to that side being the bullish investors, it’s possible that they could end up getting wrapped in a squeeze, should more volatility emerge.

BTC Price

Bitcoin pulled back to $70,500 on Monday, but the coin has kicked off Tuesday with a surge to $74,300.

Bitcoin Price Chart

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

CoW Swap Domain Locked Due to Security Issue: CoW Swap

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CoW Swap’s primary domain swap.cow.fi is currently inaccessible due to a lock, with the team working with security experts to regain control.

CoW Swap’s swap.cow.fi domain has been locked and is not accessible as of Tuesday, April 14, 2026. The protocol team is working with security experts to assert control over the domain but does not expect it to be live again tonight. CoW Swap has spun up a new instance of its UI at a temporary URL to allow users to continue accessing the protocol.

Users relying on CoW Swap daily can access the new UI instance, though the team advised extreme caution when interacting with any websites or social media accounts claiming to be CoW Swap. CoW Swap directed users to only rely on official communications from its Twitter account or Discord channel for status updates regarding the domain issue.

Sources: CoW Swap

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

Amex launches agentic commerce development kit

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American Express is gearing up for the age of AI shopping, releasing an agentic commerce developer kit and committing to provide protection for registered agent purchases.

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The Amex Agentic Commerce Experiences (ACE) developer kit is a framework that provides technical specifications to bring American Express-issued cards and membership value into AI-powered interactions.

The kit will provide developers with access to agent verification services; account enablement; “intent intelligence” to ensure purchase intent is accurately captured; payment credentials to enable verified agents to complete payments; and cart context to support the sharing of cart details.

“AI agents are beginning to reshape how people discover products and services, plan travel and dining, and make purchases,” says Luke Gebb, EVP, head, global innovation, Amex. “As these capabilities evolve, Card Members and Merchants will expect the same level of trust and security that they always relied on from American Express. The ACE Developer Kit enables this in AI-powered commerce.”

Amex is also promising an industry-first commitment to offer customers protection for registered agent purchases. In the future, if a card member authorises an AI agent to make a purchase and that agent sends American Express the customer’s authenticated purchase intent, the firm will protect eligible customers from charges related to AI agent error.

Crypto, Banks Clash Continues With New Proposal Concerns

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Bank and crypto lobbyists have both relayed concerns over the latest proposal to end the stalemate on stablecoin yields in the Senate’s crypto market structure bill, legislation that has been in limbo since the House passed the CLARITY Act in July.

Senator Thom Tillis told Politico on Monday that he plans to publicly release a draft agreement this week that aims to end a fight over a provision in the Senate’s crypto policing bill that would ban third parties, such as crypto exchanges, from offering stablecoin yield payments.

The draft had already been seen by banking and crypto representatives earlier this month, with Politico reporting that it drew pushback from the banks, according to three people with knowledge of the matter.

“I think that people are apprehensive because they haven’t seen the full text,” Tillis said. “Directionally, it has been instructed by what we consider to be the legitimate issues that we have around deposit flight when we’re talking about yield.”

The Senate’s crypto market structure bill would outline how the country’s two major market watchdogs would regulate the sector, legislation that the crypto industry has widely pushed for with the Trump administration.

However, the bill’s progress has been stalled as banking and crypto groups have been at odds over language banning stablecoin yields, despite three White House-mediated meetings between the groups to find a middle ground. 

Stablecoin yields are a major business for crypto platforms, but the bank lobby wants to outlaw third-party stablecoin yield payments, arguing it is a risk to the banking system, as customers may pull deposits out of savings accounts.

Thom Tillis, pictured in 2024 at a meeting, has said progress has been made on stablecoin provisions in a Senate crypto bill. Source: City of Greenville, North Carolina

Tillis said he was open to making changes to the proposal and was aware of the pushback on the agreement. “That’s why we need to get down to a mark that we’re negotiating,” he said.

He added the group had “made progress” on anti-evasion provisions, but was “still working on” language around enforcement.

Related: Banks challenge White House report on stablecoin yields

Tillis said he would look to broker another meeting with the bank and crypto groups if they still can’t agree on a way forward, which would mark the fourth time the government has mediated the two sides.

“If we’ve still got a disagreement from either banking or crypto — and there’s some concern out of crypto, too — then we’re going to get the people in the room and call balls and strikes on the final pieces and see if we can get a mark done,” he said.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026