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- Coinbase CEO says crypto bill could transform US financial system as Senate vote...
Coinbase CEO Brian Armstrong said a major cryptocurrency bill, the Clarity Act, moving through the Senate could reshape how Americans interact with money and financial markets as lawmakers work toward a potential Senate floor vote in the coming months.Armstrong joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss the legislation, which aims to establish clearer regulatory rules for digital assets. The bill includes new compromises tied to stablecoin rewards and protections for software developers, as lawmakers, banks and crypto firms continue negotiations.Armstrong described the latest version of the bill as a "true compromise," saying both the crypto industry and the banking sector have made concessions during negotiations."We met the asks of the bank lobby and the Senate," Armstrong said, adding that rewards on stablecoins would only apply when there was "some sort of material activity on the account."The push comes as lawmakers are racing to establish clearer crypto rules in the U.S., while firms including Coinbase expand further into payments, tokenization and prediction markets. Armstrong argued the broader shift could make financial systems faster and cheaper for consumers and businesses.KEVIN O’LEARY REVEALS THE ONLY TWO CRYPTOCURRENCIES HE SAYS ARE WORTH OWNING"It’s just going to make everything more efficient in the financial system," Armstrong said.Armstrong also pointed to growing institutional interest in crypto, saying banks are increasingly integrating stablecoins and digital asset services as customer demand rises.Beyond trading, Coinbase has been expanding into products tied to subscription, payment and prediction markets, which Armstrong said reached a roughly $100 million revenue run rate after only two months.TRUMP PUSH TO MAKE US ‘CRYPTO CAPITAL OF THE WORLD’ GAINS STEAM AS CRYPTO BILL NEARS SENATE MARKUP"We can just make that more efficient and more global," Armstrong said of Coinbase’s broader push into financial services.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.46 mins ago - Shohei Ohtani, Francisco Lindor and the family-oriented strategy that made New B...No matter what he’s doing, the second Shohei Ohtani steps on dirt from the dugout, all eyes are watching the face of Major League Baseball. And the foot that touched the dirt has a distinct "NB" written across the cleat. It’s New Balance, the footwear and apparel brand that has grown into one of the most influential names in baseball.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMNew Balance’s growth in the category is one that reached astronomical heights when Ohtani joined the brand in 2023, becoming a signature face of their baseball team. But New Balance has built a baseball portfolio that includes more perennial All-Star talent, including New York Mets shortstop Francisco Lindor, Seattle Mariners catcher Cal Raleigh, and many more.So, how does a company known primarily in the running community, and producing footwear commonly referred to as the "dad shoe," evolve into a baseball staple working alongside the game’s biggest and brightest stars? New Balance’s journey into baseball is a sports business masterclass that centers around a great product, a window of opportunity, and most importantly, staying true to core values in a family-run company.In 2011, New Balance recognized their window when looking to break into team sports. Down the road in Boston, the Red Sox, one of the most iconic franchises in MLB, were years removed from their World Series drought and back to their winning ways. New Balance understood its strength was high-quality running shoes and performance footwear for the best athletes, as well as the everyday civilian. But Chris Davis, New Balance’s brand president and chief marketing officer and son of owner and chairman, Jim Davis, said the company was confident in itself to start producing what every baseball player needs. Comfortable, high-performance cleats. MLB OWNERS AND PLAYERS BEGIN CBA NEGOTIATIONS IN NEW YORK AS SALARY CAP FIGHT LOOMS OVER 2026 SEASON"Our heritage in running, performance innovation, and craftsmanship gave us a credible foundation to enter the sport with a 'running shoe on spikes’ mentality," Davis told FOX Business in an exclusive statement. "We have always seen New Balance as the ultimate challenger brand, a brand that lives at the intersection of sport and culture. Our entry into baseball was not about chasing visibility. It was about bringing the most authentic parts of our brand into a new arena and earning credibility through product, performance, and genuine relationships with athletes."Those are the same values that drove New Balance to the top as… [TheTopNews] Read More.53 mins ago
- Tariff Refunds Begin to Reach Businesses as Trump Lashes Out at Court
The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case. [TheTopNews] Read More.2 hours ago - Wholesale Prices Jumped in April, in Latest Sign of War’s Economic RipplesThe Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging. [TheTopNews] Read More.2 hours ago
- WhatsApp launches totally private ‘incognito’ conversations with its...
A cyber security expert says deleting chat history could lead to a lack of accountability if things go wrong. [TheTopNews] Read More.2 hours ago - Ex-rugby star on the joys of his own burger stallEx-England and Leicester Tigers hooker Tom Youngs says the new venture brings families to the farm. [TheTopNews] Read More.2 hours ago
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