Coinbase Announces Worldcoin Listing Amid OpenAI Social Media Speculation
Coinbase’s decision to list Worldcoin (WLD) comes at a time of growing speculation about a potential OpenAI-driven social media platform that could integrate Worldcoin’s identity verification technology. Both projects face significant challenges, but their collaboration could offer innovative solutions.
Coinbase to List Worldcoin Amid OpenAI Social Platform Speculation
Coinbase’s planned listing of Worldcoin (WLD) coincides with mounting rumors of an OpenAI-driven social media platform leveraging the identity verification project. Both initiatives face headwinds—Worldcoin from EU privacy scrutiny, OpenAI from escalating AI development costs—yet a potential integration could sidestep these challenges.
Speculation intensified after Sam Altman’s cryptic Worldcoin announcement, with industry observers predicting OpenAI may unveil US support for the Ethereum L2 project next week. Such a move would likely precipitate WLD integration into ChatGPT, merging two of crypto and AI’s most disruptive forces.
Coinbase Challenges IRS Access to Crypto Customer Data in Supreme Court Brief
Coinbase has escalated its legal battle against the Internal Revenue Service’s use of the third-party doctrine, filing an amicus brief urging the U.S. Supreme Court to reconsider the precedent. The crypto exchange argues the doctrine—which permits government agencies to obtain customer data from financial intermediaries without individual warrants—creates an unconstitutional privacy violation for digital asset users.
The case stems from a 2017 John Doe Summons demanding Coinbase produce records for over 500,000 customers. While the exchange ultimately complied after losing in lower courts, Wednesday’s filing signals a strategic push to establish stronger Fourth Amendment protections for cryptocurrency transactions. Legal experts suggest the move could redefine financial privacy standards in the digital age.
Coinbase Exec Suggests US Could Allocate $100 Billion to Bitcoin via Gold Revaluation
Sebastian Bea, president of Coinbase Asset Management, proposes a radical shift in U.S. Treasury strategy that could free up nearly $100 billion for Bitcoin purchases. The plan hinges on modernizing the accounting treatment of the nation’s gold reserves—currently valued at a 1973 statutory price of $42.22 per ounce versus today’s $3,303 market rate.
The $900 billion valuation gap represents what Bea calls "budget-neutral dry powder" during Wednesday’s episode of The Scoop. His argument cuts through typical institutional hesitation: "Sometimes the ideas are so big that people either can’t hear them or don’t want to hear them."
Such a move would catapult Bitcoin into mainstream reserve asset status years ahead of Wall Street projections. The mechanics involve Treasury authorization to revalue gold holdings at market prices, creating accounting headroom for parallel cryptocurrency acquisition without congressional appropriations.
