Who is under investigation and Fed vs. Powell

Jeff Park is a Partner & Chief Investment Officer at ProCap Financial. In this conversation, we discuss Fed independence and the ongoing investigation impacting markets, Jeff’s outlook on Bitcoin and public equities, and what the potential BitGo IPO could mean for the crypto space. We also touch on regulatory clarity, the GENIUS Act, and where U.S. legislation around digital assets may be headed.

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• 0:00 – Intro

• 1:48 – Fed independence & Powell investigation

• 12:01 – Why this matters even if Powell is leaving soon

• 14:37 – Executive power vs the Fed: speed, control, & global policy shifts

• 23:37 – President Trump & early data releases

• 34:20 – Bitcoin’s role amid policy chaos & shifting narratives

• 38:39 – BitGo IPO & institutional crypto adoption