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Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.

Carlos Jasso | Bloomberg | Getty Images

Now that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they want to hear from the new administration on Friday.

Just over six weeks into his second White House term, Trump is hosting his first Crypto Summit, a nod to an industry that played a major role in his election victory in November. No executive was more central to that effort than Coinbase CEO Brian Armstrong.

Once a Silicon Valley entrepreneur focused on onboarding the world to digital assets, Armstrong has spent the last year transforming himself into crypto’s ambassador in Washington, D.C., funneling millions into elections, building alliances, and ensuring the digital currencies market has a seat at the table.

“My goal in attending this is really just, first of all, to thank President Trump for helping make the United States the crypto capital of the world,” Armstrong told CNBC ahead of the meeting. “I think he’s lived up to that campaign promise so far, and we’ve seen a lot of work getting done here in a positive way.”

Joining Armstrong at Friday’s summit, which is being led by White House AI and Crypto Czar David Sacks, will be Strategy Chairman Michael Saylor, Robinhood CEO Vlad Tenev, and Chainlink’s Sergey Nazarov, among others. They’re planning to discuss digital asset regulation as well as the mechanics of the Strategic Bitcoin Reserve, which Trump announced late Thursday by way of executive order.

Armstrong, whose company helped the crypto sector raise and direct $250 million into the 2024 election cycle, outpacing Wall Street banks and the oil industry, has been instrumental in shaping the new administration’s approach to digital assets. Crypto’s push to unseat opposition lawmakers and install pro-crypto candidates paid off handsomely, flipping key seats and cementing the sector as a major political force in Washington.

Trump signs executive order to establish U.S. strategic bitcoin reserve

Several million dollars were funneled directly to Trump’s campaign and inaugural fund, a sign of just how much was riding on his victory.

At Friday’s summit, Armstrong says his top priority will be pushing forward new laws.

“From our point of view, the next step in the United States that’s the most urgent is getting legislation passed,” he said. He specifically pointed to stablecoin regulation and broader market structure reforms.

Momentum for regulatory clarity is already shifting in crypto’s favor. The Senate this week voted, with strong bipartisan support, to overturn two Biden-era regulations that the industry opposed. Sen. Ted Cruz, R-TX, called the wins a gateway for more comprehensive legislation.

Crypto’s wish list

For Sergey Nazarov, co-founder of Chainlink, a key issue is how the U.S. can use blockchain technology to maintain its dominance in global finance.

“Really what matters for financial systems is assets,” said Nazarov, whose company provides a blockchain-based platform for digital assets. “Does the U.S. generate the largest collection of the best base assets that are then wrapped, rewrapped, and repackaged by others? That’s how I define global leadership of a financial system in this new model.”

Nazarov said the U.S. must ensure that key financial markets – treasuries, investment funds, and real estate – are tokenized. He sees that as the defining financial shift of the next 50 years, similar to the move from paper-based markets to internet-based financial products.

Robinhood’s Tenev has emerged as one of the most vocal advocates for tokenization, arguing that blockchain technology can democratize private markets and break down barriers to investment in the world’s most valuable companies. In a Washington Post op-ed, he pointed out that companies like OpenAI, SpaceX, and Stripe are worth hundreds of billions of dollars combined but remain inaccessible to everyday investors, with profits concentrated among a small group of insiders.

“Crypto technology can unlock new ways to trade and invest in all assets, from digital to real-world,” he told CNBC ahead of the event. “Tokenization will transform investing, but we need regulatory clarity to make it happen.”

Under current SEC rules, only accredited investors, people with over $1 million in net worth or $200,000 in annual income, can participate in private markets. Tenev says that reforming these outdated rules and creating a security token registration framework would level the playing field for retail investors, giving them access to high-growth opportunities that have long been reserved for venture capitalists.

Robinhood CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s initial public offering in New York City on July 29, 2021.

Andrew Kelly | Reuters

Prior to Thursday’s executive order, the big debate in the industry was what kind of strategic reserve Trump would propose. The announcement ends speculation over whether the reserve would include multiple cryptocurrencies. While Trump’s initial post on Truth Social named five tokens — bitcoin, ether, XRP, Solana’s SOL token and Cardano’s ADA coin — the final order limits the reserve to bitcoin.

SOL, ether and bitcoin all fell around 5% late Thursday, while ADA plunged nearly 12%.

The order marks the U.S. government’s first formal recognition of bitcoin as a strategic asset. The reserve will be funded exclusively through bitcoin seized in criminal and civil forfeiture cases, ensuring taxpayers bear no financial burden.

Non-bitcoin assets will be placed in a separate Digital Asset Stockpile managed by the Treasury Department.

Nic Carter of Castle Island Ventures said the decision cements bitcoin’s status as a global asset, “somewhere in the realm of gold.”

Anchorage Digital CEO Nathan McCauley, who will also be at Friday’s summit, called the development “a huge moment for both crypto and American leadership on the global stage.”

“By holding bitcoin and other digital assets for the long term, the White House is taking a future-forward approach to bolstering American economic competitiveness — not just for the decade ahead, but for the next century,” said McCauley.

Trump announces U.S. strategic crypto reserve including bitcoin, solana, XRP and more

The bitcoin audit

For David Bailey, CEO of BTC Inc. and one of the key figures credited with influencing Trump’s embrace of bitcoin, the priority is understanding the size of the country’s bitcoin ownership.

“One is to figure out how much bitcoin America holds, and what we can do as an industry to help the government secure it,” he said.

The Treasury Department must now conduct a full audit of the government’s holdings, estimated at 200,000 bitcoin. Sacks confirmed that the government will not sell any bitcoin from the reserve, positioning it as a permanent store of value.

Bailey, who convinced Trump to keynote the biggest bitcoin conference of the year in Nashville in July, is also pushing for bitcoin-backed Treasury bonds, arguing that integrating bitcoin into the U.S. debt system could strengthen the country’s balance sheet and attract more buyers.

“If we mix bitcoin reserves with U.S. bonds, we could create significant demand by giving investors exposure to bitcoin’s performance,” he said.

Armstrong told CNBC that Coinbase would “absolutely” step up to be a crypto custodian for the government in the context of a national reserve, adding that the company already works with various parts of the government on crypto custody and trading.

“We’re always happy to continue doing that,” Armstrong said.

Coinbase's chief policy officer on why he thinks the crypto voter will be 'decisive' in the 2024 election

Ryan Gilbert, a fintech investor, said the reserve will send a strong message to institutions that bitcoin is here to stay.

“We’re also seeing that this is going to be the mirror image of a lot of corporations that have looked at their treasuries and started to invest in bitcoin,” he said, pointing to Saylor and Strategy as early adopters. “I think this will spark a whole new wave of confidence in the asset, both from corporations and the U.S. government.”

Saylor’s company has amassed a roughly $43 billion stash of bitcoin, accounting for almost all of its market cap.

“I think this executive order is well considered and auspicious for the United States, the crypto industry, and bitcoin,” Saylor told CNBC.

The move faces some pressure from Democrats. Massachusetts Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, sent a letter to Sacks ahead of the meeting, raising conflict-of-interest concerns and questioning whether Sacks had advance knowledge of Trump’s Truth Social post that initially floated a multi-coin strategic reserve.

Warren called on Sacks to disclose any financial holdings in bitcoin, ether, solana, and other assets included in the reserve, noting that his firm, Craft Ventures, was heavily invested in these tokens through Bitwise as of Jan. 1. She also pressed for public disclosure of his government ethics filings, which, as an unpaid special government employee, he has to file but isn’t required to make public.

Sacks said this week on X that he sold “all my cryptocurrency and my crypto-focused funds” before joining the administration.

After the summit, many of the attendees will regroup at an off-the-record event hosted by Coinbase, along with invited members of the administration. Armstrong is gearing up to play the long game.

“The fight for crypto here is more urgent than ever,” Armstrong said. “If the U.S. leads on this front, I think the rest of the G20 could be pretty inspired by it, and that has a lot of domino effects downstream.”

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Bitcoin gives back gains after Trump's proposed strategic crypto reserve

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What’s happening with Tesla’s solar roof?

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What's happening with Tesla's solar roof?

The Tesla Solar Roof tiles are still alive, but the product is on the back burner at Tesla as it failed to achieve its promises.

When launching the solar roof in 2016, CEO Elon Musk presented it as a critical product to accelerate solar power deployment, as it opens up the market to people who want to go solar but also need to replace their roof soon.

He said that he aimed for Tesla to produce 1,000 new solar roofs per week by the end of 2019. 

However, Tesla didn’t reach volume production of the solar roof tiles until 2020, and even then, it was at a fraction of the deployment it was aiming for.

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In 2022, Electrek reported that Tesla installed solar roofs for the first time and confirmed that the Company deployed 2.5 MW of solar roofs during the second quarter of 2022, equivalent to approximately 23 roofs per week, which is far short of its goal.

Since then, Tesla has even further pulled back its solar effort – and even stopped reporting its solar deployment.

Many people are asking what it means for the solar roof, which Musk touted as a revolutionary product.

In 2023, we reported that Tesla began phasing out its solar business, particularly its in-house installations.

Tesla shifted its focus on deploying Powerwalls and solar inverters through third-party installers.

The same thing is happening with Tesla’s solar roof tiles. The company appears to be giving up on installing them itself, but some installations are still happening with third-party certified installers.

Tesla doesn’t even give online quotes on its solar roof anymore and has people submit requests for quotes through third-party installers:

“In order to receive pricing and product information, Tesla will share your contact information with a Tesla Certified Installer.”

We are hearing less about solar roof installations lately, as Tesla has gone virtually silent on the program; however, some ongoing installations are still being carried out by third-party installers.

Weddle and Sons Roofing just posted about a new 20 kW Tesla Solar Roof installation in Topeka, Kansas:

It’s challenging to determine the exact deployment rate of the solar roof, but based on our checks with a few installers, it doesn’t appear to have increased since 2022.

Tesla-certified installers are even convincing potential buyers to opt for a regular roof with solar panels instead of a solar roof. Potential buyer Jeff Betty shared this text from an unnamed installer:

This is not entirely surprising, as the primary issue with the Tesla Solar Roof tiles is their pricing. Tesla aimed for the solution to be competitive with higher-end roofing options, but it remains expensive and much less affordable than many durable roof options, plus solar panels.

Electrek’s Take

In short, the Tesla Solar Roof is still alive, but it’s nowhere near the revolutionary product Tesla claimed it would be.

Instead, it has become a very niche higher-end roofing product that Tesla deploys in very low volume through third-party installers.

It’s not in any way a significant part of Tesla’s energy business, which is now almost entirely Megapacks and Powerwalls.

While Tesla’s solar roof is not for everyone, now is a great time to go solar with rooftop solar panels.

If you want to make sure you’re finding a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage. EnergySage is a free service that makes it easy for you to go solar – whether you’re a homeowner or renter. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Retrospec Valen Rev+: A fat tire e-bike with the spirit of an all-terrain scrambler [Video]

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Retrospec Valen Rev+: A fat tire e-bike with the spirit of an all-terrain scrambler [Video]

For the Valen Rev+, Retrospec managed to get the best out of that iconic moto-style scrambler spirit and put it into a comfortably handling fat tire e-bike while also keeping the performance bits that make it fun, and the best part is it comes at a reasonable price of just under $1,800

Aside from the looks and price this bike has a unique fun factor that comes from a combination of a few key components here.

One is the 20 by 4.0 inch Fat MTB tires with puncture protection and reflective sidewalls. Aside from these tires offering an extra layer of protection and suspension, Retrospec’s decision to offer wide tires also gives way more stability than a typical bike tire, which makes going through ruts, mud, or sand pretty effortless. 

The second key component is the front suspension, which is fully adjustable and has 100mm of travel. Combined with the extra suspension from the fat tires, as mentioned earlier, this makes otherwise challenging terrain turn into fun detours that you’ll likely go out of your way to use. 

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The third component is the 750w rear hub motor, which gives the bike a 28 mph assisted top speed. Combined with the secure handling and added front suspension, the Valen Rev+ is the kind of bike you want to plan an adventure with. Whether that’s a dirt road shortcut on your commute or a day to the beach, the comfortable long seat makes it hard to say no to a trip with the Valen Rev+

On the practical side, Retrospec put some significant thought into the design and build of this bike to ensure that riders are cared for with those often less thought of yet still essential features. Starting with the battery, the fully integrated 720Wh battery uses LG 21700 cells for a total of 68 miles of range when fully charged. In addition, the battery is lockable and easily removable for both on- and off-bike battery charging. It’s also seamlessly integrated into the bike’s frame, making for a clean look. 

For safety, Retrospec added Tektro hydraulic disc brakes with e-bike-specific rotors, which is an important upgrade, considering an improved rotor typically allows for better heat dissipation and better overall performance. There are also Integrated front and rear lights with 100 Lux illumination for the front. Safety aside, the design here for the front light looks amazing.

Retrospec bike

For the less thought-of yet essential features, Retrospec included an easy-change rear wheel removal system that uses braze-ons located at the lower part of the bike, so there’s no need to remove zip ties. Unlike other e-bikes, the Valen Rev+ kept it simple with the same axel nut for both the front and rear which means fewer tools, but what makes the process itself a lot easier is not having to wrestle the chain when re-installing the wheel thanks to the chain hanger.

Retrospec bike

One of the great feelings of the Retrospec Valen Rev+ e-bike is how simple yet stylish it is; the display is a center-mounted color display with controls on the left-hand side of the handlebars. The control panel has only three buttons, so it’s as simple as it gets. With the up or down control, you can change through 6 levels of pedal assist, but if you’re looking for more control, you can also use the controls on the right side of the handlebars to cycle through the eight speeds on the Shimano Altus derailleur.

For how comfortable the moto-inspired Valen Rev+ is, it also feels great to pedal on in case you’re looking for more exercise and want to opt for the pedal assist rather than the throttle only. Unlike other e-bikes on the market, Retrospec’s Rev+ makes riding very approachable. For those who are newer to riding, that long seat and wide tires add a level of stability, making the overall learning experience much more enjoyable. With how comfortable the bike rides, it might make you think more about leaving the car at home more often and opting for the bike paths. 

For those looking to get as much fun as possible out of an e-bike aside from the fat tires and front suspension, Retrospec’s BMX style handlebars offer excellent geometry and height that gives you much more control over the bike in case you wanna stand up and tackle some of the more challenging trails. In addition, if you’re looking to forget pedaling altogether, you could even choose to get the optional footpeg accessories, which, combined with the BMX-styled handlebars, will make the bike much more functional for off-road riding. 

Overall, Retrospec seems to have put a lot of effort into bringing that scrambler moto spirit into a comfortable bike with loads of features that other manufacturers haven’t quite nailed down. From the easy rear wheel removal to the BMX-styled handlebars and comfortable long seat, it’s a very approachable and easy-to-maintain e-bike that can still rip on trails for those who want to tackle more of that tough off-road terrain.

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This is it: Mazda EZ-60 crossover interior revealed ahead of global launch [video]

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This is it: Mazda EZ-60 crossover interior revealed ahead of global launch [video]

We got our first look at the new-for-2026 Mazda EZ-60 electric crossover just last week, but Mazda played coy with the interior, leading many in the media (including us) to believe that the interior would be pretty similar to the EZ-6 sedan‘s. We were wrong.

I’ll cut right to the chase. The new Model Y rival from Mazda is coming for the Y’s old sales crown with a starkly elegant 26.45-inch 5K ultra-wide display with dual screens and (get this) a massive 100″ (!) augmented reality heads-up display (AR-HUD) that projects key driving information onto the windshield, alerting the driver of pedestrians, speed limits, etc.

You can check it out for yourself, below.

Mazda EZ-60 interior revealed

Via Planet Car News.

As you can see, the interior largely eschews buttons, knobs, or physical interfaces of any kind in favor of touchscreens. Those screens enable EZ-60 drivers and passengers to control and adjust a 23-speaker, 7.1.4-channel Dolby Atmos audio system, while a separate touchscreen in the rear allows drivers passengers to adjust climate and entertainment settings for themselves.

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Other interior features include super-slick digital wing mirror displays (the exterior “side mirrors” are aerodynamic cameras), and fully twenty kid- and family-friendly storage compartments sprinkled liberally throughout the vehicle. A relatively small 350-liter (12.3 cu ft) rear trunk expands to 2,036 liters (71.9 cu ft) with the seats folded flat. A 126-liter frunk (4.4 cu ft, or about the size of the mini fridge in your college dorm) adds extra practicality.

The electric Mazda SUV itself is built on the Changan EPA1 platform, and is believed to be powered by an 80 kWh battery good for 295 miles of WLTP range, and a 93 kW charging speed that can take the EZ-60 from 30 to 80% charge in a little over 30 mins.

Following the crossover’s Chinese launch – officially slated for April 23rd. Changan Mazda plans to release the EZ-60 in overseas markets under the Mazda CX-6e nameplate.

Electrek’s Take

Mazda-EZ-60-electric-SUV
EZ-60 electric crossover SUV; via Changan Mazda.

Mazda is on a hot streak right now – and not just in China, but in the US as well. The brand’s near-premium positioning is perfect, targeting middle class buyers who are willing to pay a premium to drive a vehicle with better fit and finish than the Ford, Chevy, and Stellantis offerings – but not enough of a premium to justify a move into Acura/Volvo territory. And, frankly, no one in the industry is doing paint as well as Mazda right now. Not until you start doubling the Mazda’s MSRPs, anyway.

Here’s hoping this one comes to the US.

SOURCE | VIDEO: Changan Mazda, via China Auto Show, Planet Car News.

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