🧵On May 28, hours after Nevada’s workplace safety agency served notice of more than $400,000 in fines to Elon Musk’s $5.6 billion tunneling startup the Boring Company, the phone rang at Nevada governor Joe Lombardo’s office. Boring Co. president Steve Davis was on the line

Scoop: Meta is looking to get back into the stablecoin game 3 years after the failure of Libra/Diem. Sources told @bdanweiss.bsky.social and me that Meta is holding early discussions with crypto companies about stablecoin integration with a focus on creator payouts. fortune.com/crypto/2025/...

A judge denied the prominent short-seller Andrew Left's motion to dismiss an SEC lawsuit against him, which alleged a scheme to defraud his followers by publishing false and misleading statements about his stock recommendations storage.courtlistener.com/recap/gov.us...

Gavin Kliger, the DOGE staffer who led layoffs at the CFPB, will have to testify at an April 28 hearing

Trump keeps threatening to fire Fed chair Jerome Powell — but can he? I spoke with legal experts to understand the Trump administration's attempt to overturn nearly a century of precedent, and whether the Fed really is special: fortune.com/article/trum...

Court filings from Friday detail the DOGE-led, 36-hour scramble to conduct mass layoffs at the Consumer Financial Protection Bureau—an action that a federal judge has temporarily blocked fortune.com/article/cons...

I spoke with House Financial Services chair French Hill about squaring Trump's tariff strategy with his own free trade background, passing crypto legislation, and Congressional resolutions to defang the Consumer Financial Protection Bureau: fortune.com/2025/04/16/f...

@jessicakmathews.bsky.social and I have a new profile of Bo Hines, the 29-year-old heading Trump's sweeping crypto agenda. We had a chance to interview Hines and review his calendar through FOIA. We also have new details about his deep financial ties to Trump world. fortune.com/article/dona...

Scoop: The lead attorney on the SEC's lawsuit against Elon Musk resigned last week, partly over concerns about how the case would be resolved. This comes just days after Musk's DOGE entered the SEC: fortune.com/2025/04/09/s...

Scoop: The lead attorney on the SEC's lawsuit against Elon Musk resigned last week, partly over concerns about how the case would be resolved. This comes just days after Musk's DOGE entered the SEC: fortune.com/2025/04/09/s...

Big scoop from @bdanweiss.bsky.social: The Department of Justice is disbanding its crypto enforcement unit fortune.com/crypto/2025/...

Over the past few years, Trump's business empire has dramatically shifted from real estate and licensing to his publicly traded Trump Media shares and crypto holdings. Conflict of interest concerns from his first term look quaint in hindsight. From the new mag issue: fortune.com/2025/03/25/t...

As the Senate prepares for a landmark vote on stablecoin legislation, Sen. Elizabeth Warren is circulating a memo laying out risks, from Big Tech control of the financial system to consumer safety: fortune.com/crypto/2025/...

Almost a year ago, the a16z-backed fintech Synapse collapsed, trapping $200 million in customer assets and revealing the wobbly, unregulated infrastructure underlying much of our new financial system. My investigation w/ @agarfinks.bsky.social on what went wrong: fortune.com/2025/03/07/s...

The Senate voted tonight to repeal key financial regulation that would have supervised digital payment platforms for fraud, privacy, and, ironically, debanking. A major win for Silicon Valley and Elon Musk's payment ambitions for X: fortune.com/2025/03/05/c...

🧵In late November, 26-year-old Suchir Balaji was found dead in his SF apartment. Just a month before, he had gone public with concerns that his former employer, OpenAI, was breaking copyright laws. While officials deemed his death a suicide, his mother has become convinced he was murdered

Are activist short-sellers going extinct? After Hindenburg Research announced it was closing up shop last week, I spoke with other traders, including Andrew Left, about the increasingly perilous field: fortune.com/2025/01/23/a...

I feel like this went under the radar yesterday, but one of the last actions by Gary Gensler's SEC was to sue Nova Labs, the developer of Helium, for illegal securities offerings — including its newest product, Helium Mobile

CoinDesk owners Bullish fired the publication's three top editors, including EIC Kevin Reynolds, this morning following newsroom controversy over the removal of an article about billionaire Justin Sun: fortune.com/crypto/2024/...

Scoop: Turmoil at CoinDesk after its new owners forced editors to remove an article about billionaire Justin Sun. Matt Murray, former WSJ EIC and new WaPo editor, resigned as editorial committee chair, and staff are raising concerns over independence: fortune.com/crypto/2024/...

Non-GBTC crypto ads are back. Also, headed to D.C. for the Blockchain Association’s Policy Summit — let me know if you’ll be there too

This deserves feature-length treatment

Proponents of the debanking narrative still lack a smoking gun: fortune.com/2024/12/11/d...

If you can't get enough of Hawk Tuah, I broke down the apparent rug pull with input from insiders, blockchain analysts, and a former DOJ prosecutor who says that Welch could face civil and even criminal charges. Sadly, she wouldn't talk with me again: fortune.com/crypto/2024/...

Depressing to see Eater decimated when the new business model for restaurant reviews is TikTok influencers who are paid by the places they're "reviewing" Is food criticism doomed?

Scoop w/ @jessicakmathews.bsky.social: The fintech unicorn Stash laid off 40% of staff in October as its co-founders returned as co-CEOs. It's the second layoff this year for the company, once valued at $1.4 billion, which is closing a new funding round fortune.com/2024/12/04/s...

I spoke with "Hawk tuah" girl Haliey Welch about her Solana memecoin launching today, and her manager cut in to insist they "don’t want to break securities laws." Submitting for my Pulitzer: fortune.com/crypto/2024/...

If you want any window into the state of the Synapse catastrophe, the court-appointed trustee just started crying in today's bankruptcy hearing

It's the end of an era with SEC chair Gary Gensler announcing he'll step down in January. I profiled him and his turbulent tenure last year: fortune.com/longform/gar...

Is this a good sign?

If you're interested in startup and venture news, I'm going to be writing Fortune's dealmaking newsletter Term Sheet every Monday with a focus on the New York scene. Throw me a follow to support my mental health so I leave the pit of doom that is X!

Is there anyone here?

Who wants to invite me on their boat at Bitcoin Miami next week

Was very cool to interview @xychelsea.tv about whether technology is compatible with privacy at Web Summit Rio

I want to propose a new phrase, “Tweet and skeet,” in which one posts the same thing on both platforms either out of laziness or to see which one performs better

As if crypto couldn’t get any more confusing, we’re about to have competing blockchains named Sui and Sei

so far from the company we have EIC @alyson.bsky.social Tech reporter covering creators and startups @iamsternlicht.bsky.social Crypto reporter @leoschwartz.bsky.social

I waded into the CBDC debate for my column today, talking with an ACLU privacy expert about how a government-backed digital currency could be designed to serve as a public good: https://fortune.com/crypto/2023/04/26/cbdc-privacy-aclu-technology-desantis/

Vertex, a new decentralized exchange, is launching today on the Ethereum "layer 2" Arbitrum, promising high-speed transactions and liquidity thanks to prominent backers like Jane Street and Hudson River Trading

Is there Crypto Bluesky?

I worked on this story with Kylie! You should check it out