Leo Schwartz

@leomschwartz

Reporter at @FortuneMagazine covering the future of money • Send tips to [email protected] or Signal 856-872-2064 (no pitches)

NYC

Joined March 2009

2KFollowing

8KFollowers

Leo Schwartz@leomschwartz · Jul 16

Posting this again... fortune.com/article/trump-…

leomschwartz's tweet card. The Fed is special. Why the Supreme Court may let Trump fire other agency heads—but not Jerome Powell.

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Leo Schwartz@leomschwartz · Jul 16

Another mammoth crypto M&A deal as the digital assets trading infrastructure unicorn Talos acquires the blockchain data provider Coin Metrics for more than $100 million. More here: fortune.com/crypto/2025/07…

leomschwartz's tweet card. The deal is the latest in a flurry of M&A activity in the crypto sector.

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Leo Schwartz@leomschwartz · Jun 25

Interesting to see Peng Zhao, the CEO of Citadel Securities, as one of the new backers of Kalshi. Cofounders Tarek Mansour and Luana Lopes Lara both worked at Citadel early in their careers (more in my profile here: fortune.com/2024/10/23/kal…)

TTarek Mansour@mansourtarek_ · Jun 25

I’m excited to announce our $185M Series C valuing Kalshi at $2B. The round was led by Paradigm with participation from Sequoia, Multicoin, Peng Zhao, Neo, and Bond Capital. People choose to work at Kalshi not because of the money we've raised, but because of our ambition:…

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Leo Schwartz@leomschwartz · Jun 24

The crypto industry is celebrating the Senate's passage of the Genius Act, but what are its chances of actually becoming law? fortune.com/2025/06/24/sen…

leomschwartz's tweet card. Despite a major Senate win, the Genius Act has a long way to go.

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Leo Schwartz@leomschwartz · Jun 18

Jump Crypto is (officially?) back jumpcrypto.com/reintroducing-…

leomschwartz's tweet card. Jump Crypto, a division of the Jump Trading Group, is a global leader in Web3 infrastructure development and investment.

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Leo Schwartz@leomschwartz · Jun 13

I can't tell whether "crypto-native" or "zero-proof" is a funnier way to describe sparkling water

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Leo Schwartz@leomschwartz · Jun 6

After Circle's red-hot IPO yesterday, mainstream attention around stablecoins is only likely to grow. @bdanweiss and I have a new, scoopy feature about how Big Tech firms like Apple, Airbnb, Google, and X are exploring stablecoin integration: fortune.com/crypto/2025/06…

leomschwartz's tweet card. Fortune 500 tech firms are having early conversations with crypto companies about stablecoin integration.

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Leo Schwartz@leomschwartz · Jun 4

It's truly a new era for U.S. crypto: A perps-only hybrid exchange, Rails, is launching this week with a plan to launch its own token in the fall. My full write-up here: fortune.com/crypto/2025/06…

leomschwartz's tweet card. Rails is backed by Sam Lessin’s Slow Ventures and cofounded by the former Grindr COO.

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Leo Schwartz@leomschwartz · Jun 3

The biggest sign that crypto is "back" is that non-crypto reporters are doing dispatches from crypto conferences again

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Leo Schwartz@leomschwartz · May 1

Good overview on the crypto venture fundraising outlook from @Yueqi_Yang (Featuring some of my reporting 😉) theinformation.com/articles/crypt…

leomschwartz's tweet card. Fundraising is picking up among crypto venture funds after two dismal years, as investors hope to profit from the friendly regulatory environment under President Donald Trump. The rebound is likely...

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Leo Schwartz@leomschwartz · May 1

The crypto venture firm dao5 has closed its second fund at $222 million. Led by Polychain alum @tekinsalimi, dao5 has backed projects like Berachain and Bittensor. My full write-up here: fortune.com/crypto/2025/05…

leomschwartz's tweet card. Dao5 is led by Polychain alumni Tekin Salimi and has backed startups like Berachain and Bittensor.

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