Amrith Ramkumar

Armstrong had also been going on TV saying that banks were trying to ban their competition with this lobbying fight and that essentially implying banks were sort of being anti-innovation.

And Jamie Dimon and others had a big problem with that.

It's a really interesting question because they're very close to Coinbase and they talk regularly and they know that Coinbase is critical to the ecosystem.

But David Sachs is also a venture capitalist and a lot of the smaller crypto companies need this bill to pass.

just the core regulatory clarity that the SEC will oversee these parts of the ecosystem and the CFTC will oversee these other parts.

That is very meaningful for a large part of this ecosystem.

So you can see a world where Sachs and others are torn because they don't want Coinbase to have to sort of fall on the sword here, but they really need this bill to pass.

It is probably the biggest portion of Trump's crypto agenda that's outstanding.

The Biden rule would have divided countries into three tiers, and that would determine how many advanced chips the country could buy. Many U.S. allies, such as Switzerland, India, and Israel, were in Tier 2 and would still face limits and controls on the number of chips they could get.

The Biden rule would have divided countries into three tiers, and that would determine how many advanced chips the country could buy. Many U.S. allies, such as Switzerland, India, and Israel, were in Tier 2 and would still face limits and controls on the number of chips they could get.

That fueled a strict backlash from those countries and many companies like Microsoft and Oracle that worried that that system would hurt their business. Our reporting indicates that the Trump administration is considering getting rid of that tiered system in favor of a series of bilateral country-by-country agreements and will now go about negotiating those.

That fueled a strict backlash from those countries and many companies like Microsoft and Oracle that worried that that system would hurt their business. Our reporting indicates that the Trump administration is considering getting rid of that tiered system in favor of a series of bilateral country-by-country agreements and will now go about negotiating those.

And we've been told that chip export controls are now part of tariff talks between the U.S. and other countries.

And we've been told that chip export controls are now part of tariff talks between the U.S. and other countries.

He's been fascinated by tariffs for many decades, and in the first administration didn't think he went far enough, essentially. So definitely he's almost willing to maybe potentially sacrifice some of the other things on his agenda to get what he wants with tariffs.

He's been fascinated by tariffs for many decades, and in the first administration didn't think he went far enough, essentially. So definitely he's almost willing to maybe potentially sacrifice some of the other things on his agenda to get what he wants with tariffs.

They're all driven by these globally interconnected supply chains that have developed over many, many years and decades. So trying to unwind them in a short period of time just isn't feasible. In many cases, there are labor shortages and high-skilled labor shortages. So getting the talent that you need to do this type of work is often difficult.

They're all driven by these globally interconnected supply chains that have developed over many, many years and decades. So trying to unwind them in a short period of time just isn't feasible. In many cases, there are labor shortages and high-skilled labor shortages. So getting the talent that you need to do this type of work is often difficult.

very difficult, whether you're looking in the tech sector, healthcare, other industries. And we're really dependent still on countries like China for so many raw materials and chemicals and basic things like screws. So even though the president says this is going to boost U.S. manufacturing and create all these jobs, there are a lot of reasons why that might not be the case in the short term.

very difficult, whether you're looking in the tech sector, healthcare, other industries. And we're really dependent still on countries like China for so many raw materials and chemicals and basic things like screws. So even though the president says this is going to boost U.S. manufacturing and create all these jobs, there are a lot of reasons why that might not be the case in the short term.