Coinbase confirms a major data breach affecting sensitive user information—and reveals it refused a $20 million ransom (0:57). We also break down a renewed SEC investigation into its past user metrics (2:36). Plus: New Hampshire delays a bill to shield crypto miners from regulation (3:58), and Mastercard pushes deeper into stablecoin payments through a new partnership with MoonPay (5:28).

This is your essential update on the forces shaping what's next in money.

More on stories and articles mentioned or referenced in this episode:

Coinbase says customers' personal information stolen in data breach. Zach Whittaker. Tech Crunch.

https://techcrunch.com/2025/05/15/coinbase-says-customers-personal-information-stolen-in-data-breach/

Item 1.05 Material Cybersecurity Incident. Form 8-K. Coinbase Global, Inc. U.S. Securities & Exchange Commission.

https://www.sec.gov/Archives/edgar/data/1679788/000167978825000094/coin-20250514.htm?7194ef805fa2d04b0f7e8c9521f97343

S.E.C. Investigating Whether Coinbase Misstated Its User Numbers. David Yaffe-Bellany and Matthew Goldstein. New York Times (soft paywall, free registration required).

https://www.nytimes.com/2025/05/15/technology/coinbase-sec-investigation.html

New Hampshire Senate Halts Cryptocurrency Deregulation Bill, Hoping to Return to It Next Year. William Skipworth. New Hampshire Bulletin.

https://newhampshirebulletin.com/2025/05/15/new-hampshire-senate-halts-cryptocurrency-deregulation-bill-hoping-to-return-to-it-next-year/

New Hampshire House Bill 639:

https://gc.nh.gov/bill_status/legacy/bs2016/billText.aspx?sy=2025&id=722&txtFormat=html

Mastercard Taps Into 100 million Crypto Users with MoonPay Partnership. Nabaparna Bhattacharya. Benzinga.

https://www.benzinga.com/trading-ideas/movers/25/05/45446885/mastercard-taps-into-100-million-crypto-users-with-moonpay-partnership

Mastercard and MoonPay Team Up to Mainstream Stablecoin Payments. Press Release. Mastercard.

https://www.mastercard.com/news/press/2025/may/mastercard-and-moonpay-team-up-to-mainstream-stablecoin-payments/

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti