Amazon lets AI bots pay in USDC via Coinbase x402

Coinbase x402 is now native to Amazon Bedrock AgentCore, letting AI agents pay for services in USDC without human input Summary AWS launched Amazon Bedrock AgentCore Payments on May 7, with Coinbase x402 and wallet infrastructure embedded to give AI agents autonomous USDC payment capability. Agents settle transactions on Base in roughly 200 milliseconds at…

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FBI dismantles decade-long insider trading ring, charges 30 in scheme spanning US, Russia, and Israel

Federal authorities just pulled the curtain back on one of the most elaborate insider trading operations in recent memory. The Department of Justice and Securities and Exchange Commission announced charges against 30 individuals accused of running a sprawling scheme that allegedly milked tens of millions of dollars from approximately 30 major mergers and acquisitions over…

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Banks try to kill the CLARITY Act

The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14. Summary Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup. Senators Lummis and Tillis publicly defended the deal,…

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Pennsylvania files lawsuit against Character.AI for chatbot impersonation of doctors

Pennsylvania just drew a line in the sand for AI companies playing doctor. The state’s Department of State filed a lawsuit on May 5 against Character Technologies Inc., the company behind Character.AI, alleging its chatbots impersonated licensed medical professionals and handed out mental health advice without any credentials to back it up. The case represents…

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Stablecoin execs warn on hard part ahead

Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps still block mainstream use. Summary MoonPay VP Richard Harrison said the GENIUS Act gave firms a regulatory permission slip, accelerating traditional finance entry into stablecoins. Ripple SVP Jack McDonald argued…

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