Senate Banking Committee Chair Says Stablecoins May Be “Outright Fraudulent”

Basketball star Kevin Durant and his company Thirty Five Ventures have signed a multiyear deal with Coinbase Global Inc. to promote the cryptocurrency platform across his businesses. As part of the arrangement, Durant will appear in advertising as a face of the brand. Coinbase will also link up with his sports site, Boardroom, for digital ads and sponsored content about crypto, and put money into Durant’s foundation to support his youth programs. Financial terms of the agreement were not disclosed. “Kevin does very, very few brand deals and that was by design,” Rich Kleiman, Durant’s longtime manager and co-founder of his firm, said in an interview. “They’re this new model of brand partner for us, where they do integrate in all different parts of our business.” tweet at 8:23am: He’s been a builder his entire life and a Coinbase investor since 2017 - now we're welcoming @KDTrey5, @35Ventures and the @boardroom media network as official partners. https://t.co/wjfog4915m