With the Clarity Act failing in the Senate, stablecoin yields remain outside of US regulation. Independent Community Bankers of America CEO Rebeca Romero Rainey discusses her opposition to the bill with Isabelle Lee and Tim Stenovec on "Bloomberg Crypto."
Vince Tizzio, CEO of top global specialty insurer AXIS, said that his company sees the risk landscape as 'fairly perilous,' specifically in the marine landscape like the Strait of Hormuz or other areas exposed to conflict. Tizzio said that pricing for policies has increased 30% to 40% from the rates AXIS was charging a year ago as demand remains high and the company is willing to still take on risk.
The Securities and Exchange Commission gave the green light for digital versions of securities to start trading in the US, moving forward with a plan that could reshape traditional market structure after crypto legislation failed a key Senate vote last week. Jamie Selway, director of the division of trading and markets at the SEC, talks with Isabelle Lee and Tim Stenovec on "Bloomberg Crypto."
Brett Bruen, president of the Global Situation Room and former Obama administration official, said that Trump's speech at the UN General Assembly 'came off looking desperate' and was not indicative of a White House that is offering diplomacy from a position of strength. Bruen said that Trump's comments in his speech about having 'the spoils' of Venezuela fly in the face of the why the United Nations was founded after the Second World War.
Matt Cole CEO of Strive, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." Digital assets have reclaimed $3 trillion in market value for the first time since January after Bitcoin's stunning rally, but traders are also piling into leveraged bets in perpetual futures, increasing the risk of rapid price swings.
Representative Lori Trahan, a Democrat from Florida, said that President Trump is 'not in lockstep' with the American people when it comes to AI guardrails and that the president's claim that AI risks are a 'globalist scheme' is out of touch with what the public is feeling. Trahan, who co-authored a bipartisan bill on AI guardrails, said that she feels action shouldn't wait until the next congress and that congress is 'gambling' with the next AI security incident by sending members home ahead of the midterms.
Representative Carlos Gimenez, a Florida Republican, said democratic elections in Venezuela will finish the job of bringing freedom to its people and give companies confidence to invest. Gimenez said that while he has been strongly against communism as a Cuban-American, diplomacy with China is necessary, while diplomacy with Cuba is not.
Ireland Foreign Minister Helen McEntee sits down with Bloomberg's Tyler Kendall in the UN Rose Garden to discuss the EU's relationship with the US, saying "the US will remain one of the most important trading relationships that we have."
AI pioneer and World Labs CEO Fei-Fei Li discusses Atlas, the company's latest world model designed to understand and generate 3D environments for applications spanning robotics, design and science. Li explains why spatial intelligence could become a major frontier beyond language models, and weighs in on the broader AI safety debate, arguing that humans must remain in control and that independent benchmarks, academia, government and industry all have a role in evaluating increasingly powerful systems. She joins Ed Ludlow on "Bloomberg Tech."
SpaceXAI's Grok Bot has topped 400,000 weekly users roughly a month after its launch, offering an early look at demand for Elon Musk's push into AI agents. The product, which is separate from the flagship Grok chatbot, is designed to operate more like an always-on employee as SpaceXAI competes with OpenAI and Anthropic in the growing market for AI agents. Bloomberg Tech's Ed Ludlow reports.
The Horowitz Andreessen Academy is launching a new alternative to traditional college aimed at preparing young people for the AI economy. Backed by $42 million and supporters including Andreessen Horowitz, OpenAI, Anthropic, and Nvidia, the San Francisco-based program will focus on building with AI, interpersonal skills and hands-on projects rather than traditional majors. Founder and CEO Gagan Biyani joins Ed Ludlow on "Bloomberg Tech."
Private credit default rates vary widely depending on who's counting, making the true level of distress tough to gauge. Bloomberg's Kat Hidalgo breaks down the confusion on Bloomberg Open Interest.
