The Latest Breaking News from Leo Schwartz

The crypto community has been divided by Polymarket results, and crypto users have been divided by digital coin rivalries, but this time, they are united against the idea of SEC Chair Gary Gensler taking the reins of the Treasury Department should VP Kamala Harris win in November.

Six new unicorns were minted in May and, yep, two of them were AI companies, Crunchbase data released earlier this week showed. While newly-minted AI unicorns is a predictable enough phenomenon these days, I was caught more off guard by this: Two of May’s new unicorns are in Web3.

Yida Gao raised $200 million for his venture fund Shima but has since lost the trust of his backers.

An investigation into Shima Capital and its founder, Yida Gao.

With token prices soaring and the sector still in rehabilitation mode, investors want to see some returns.

The reluctant SEC chair turned an esoteric financial vehicle into a three-ring circus.

By offering a yield to investors, the leading crypto exchange could be putting its prized stablecoin at risk.

Respondents to a TRM Labs survey estimated that 40% of offenses investigated by their agencies involved crypto.

Rep. Sean Casten is struggling to find a co-lead for his version of the Warren-Marshall bill.

Figures from SEC Commissioner Hester Peirce to Rep. Ritchie Torres have weighed in on the pressing crypto question, without clarity from regulators.

How a former Goldman Sachs banker became the most divisive SEC chair in decades.