All posts tagged: Block Inc

AI, crypto industries dump millions into Illinois primaries

AI, crypto industries dump millions into Illinois primaries

Juliana Stratton, lieutenant governor of Illinois and Democratic U.S. Senate candidate, speaks during a primary election night event in Chicago, Tuesday, March 17, 2026. Christopher Dilts | Bloomberg | Getty Images A major crypto PAC suffered a blow after the Illinois Senate Democratic candidate it spent millions opposing won the Tuesday primary and will likely be sworn into office next year. Fairshake, backed by Coinbase, Ripple Labs and venture capital firm Andreessen Horowitz, spent more than $10 million on ads opposing Illinois Lt. Gov. Juliana Stratton in her Democratic primary race for Senate. Stratton has an “F” rating from Stand With Crypto, and took to social media to denounce the “MAGA-backed crypto bros” who were funding ads opposing her. Stratton is all but guaranteed to become the next Illinois senator in November, as the state leans heavily Democratic. Another candidate opposed by Fairshake, La Shawn Ford, also won his primary to become the Democratic nominee for Illinois’ 7th Congressional District. The district heavily leans Democratic, putting Ford on the glide path to Congress. But Fairshake …

`Very, very important’ to have crypto rules

`Very, very important’ to have crypto rules

David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Goldman Sachs CEO David Solomon said Wednesday “it is very, very important that we codify a rule-based system” for how cryptocurrency and related financial instruments will operate” in the United States. “As an American, I think it is very important that as we put legislation in place, we get it right for the long term,” Solomon told CNBC’s Sara Eisen during an interview in front of attendees at the World Liberty Forum at the Mar-a-Lago club in Palm Beach, Fla., which was hosted by the Trump family’s crypto venture World Liberty Financial. “I believe that to operate markets safely and soundly, we need to have a rules-based system,” said Solomon, whose firm is one of the world’s premier traditional investment banks. “Our banking system is unique, and our banking system needs to coexist with this technological innovation.” “If there are people who think we are going to operate in …

Trump Jr. calls banking Ponzi scheme, touts stablecoin

Trump Jr. calls banking Ponzi scheme, touts stablecoin

Donald Trump Jr. on Wednesday called traditional banking a “Ponzi scheme” that effectively forced the Trump family to start its crypto venture World Liberty Financial after banks closed the family company’s accounts in early 2021. “You know, we didn’t get into crypto because we were on the leading edge,” Trump Jr. told CNBC’s Sara Eisen on “Squawk on the Street” during an interview Wednesday at the World Liberty Forum. “We got into it out of necessity,” Trump Jr. said at the event that is being held at the Mar-a-Lago club owned by his father, President Donald Trump, in Palm Beach, Fla. “They basically forced us into it.” Donald Trump Jr. (L) and Eric Trump speaking on Squawk on the Street on Feb. 18th, 2026. CNBC He and his younger brother Eric Trump blamed traditional banks for booting the Trump Organization’s hundreds of bank accounts on the heels of the Jan. 6, 2021 riot, during which supporters of his father stormed the U.S. Capitol while claiming the 2020 election results were invalid. The brothers said banks …