The Wolf Of All Streets U.S. Gov Goes ALL IN On Crypto! Game Changer Or Power Grab? | Friday Five
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Aug 29, 2025 The U.S. government is ramping up its commitment to blockchain, even publishing GDP data on-chain. There's drama brewing with Trump challenging Fed independence and potentially affecting market dynamics. Meanwhile, banks are pushing back against stablecoins, fearing they may disrupt traditional practices. A whale recently dumped 24,000 BTC, plunging prices lower, while Google Cloud rolls out a new blockchain solution. The tension between political influence and crypto investment is palpable as analysts debate what this means for the industry's future.
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Government Puts GDP On-Chain
- The U.S. Commerce Department will publish GDP data on-chain via Chainlink across multiple public blockchains.
- Nathaniel Whittemore says this is a small step but a meaningful signal of government interest in blockchain immutability.
US Stake In Intel Isn’t Typical Intervention
- The White House took a 10% stake in Intel, signaling willingness to intervene in private markets.
- Nathaniel argues Intel's semiconductor role makes the move materially different from arbitrary corporate stakes.
High-Profile Crypto Deals Raise Doubts
- Trump-linked crypto deals like Trump Media's $6.4B involvement with Crypto.com token raise governance concerns.
- Scott Melker and Nathaniel Whittemore find the scale and due diligence around such token deals dubious.