💳 Mastercard’s big move

What we’ll cover today:

💳 Mastercard’s big stablecoin move

🏦 PNC Bank’s crypto partnership with Coinbase

🕵️‍♂️ FBI drops Kraken’s Jesse Powell case

Mastercard Wants to Be the Cool Parent for Stablecoins 🪙

Mastercard and Trump team up (kind of). Mastercard says it’s ready to help stablecoins grow up, safely.

🚨 Breaking News:
Trump signed the GENIUS Act. Mastercard says this is their moment to make stablecoins mainstream and less scary for people.

⚡ Wire Simplified:

• Mastercard says stablecoins will soon be everywhere, even for buying coffee.

• New law (GENIUS Act) gives crypto rules, makes banks less nervous.

• Mastercard is building tools to make crypto easier to use (like easy names instead of weird addresses).

• They’re already teaming up with MoonPay to let you spend stablecoins with your Mastercard.

• Mastercard wants to lead the way without making crypto boring.

✔️ Straight to the Point:
Mastercard is betting big on stablecoins becoming normal money. It’s not about crypto anymore, it’s about payments.

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PNC Bank Says “Hello Bitcoin” Through Coinbase 🏦

PNC Bank partners with Coinbase so its customers can finally buy Bitcoin (legally) without weird apps or tech headaches.

🚨 Breaking News:
PNC will now let customers buy, sell and hold crypto directly through their bank thanks to Coinbase partnership.

⚡ Wire Simplified:

• PNC joins other big banks in offering crypto services.

• Coinbase provides the tech, PNC provides the trust.

• Customers can buy Bitcoin like they buy groceries.

• U.S. banking rules now officially allow this kind of partnership.

• PNC thinks it’s what their younger, crypto-curious clients want.

✔️ Straight to the Point:
Big banks like PNC are realizing crypto isn’t going away. So now they’re letting customers buy it, safely.

Kraken’s Jesse Powell Cleared, FBI Hands Back His Stuff 🦑

Kraken founder Jesse Powell is off the hook. FBI returned his computers after a weird legal mess (not crypto).

🚨 Breaking News:
FBI closed its investigation into Powell over a hacking fight with an art non-profit. Crypto wasn’t even involved.

⚡ Wire Simplified:

• The case wasn’t about Kraken or crypto, it was about a non-profit fight.

• FBI raided Powell’s house in 2023, took a bunch of devices.

• Powell said this was political, he’s a big Trump donor.

• The devices are back. Case is closed.

• Powell is free, and probably very annoyed.

✔️ Straight to the Point:
This wasn’t a crypto scandal. Just a messy personal drama with the FBI involved. Crypto sighs in relief again.