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The Bulwark Podcast

Jared Moskowitz and Zeke Faux: Scams Galore

Feb 19, 2025
Zeke Faux, an investigative reporter for Bloomberg and author of "Number Go Up," joins Congressman Jared Moskowitz, who formerly directed Florida's emergency management. They dive into the complicated world of cryptocurrency, discussing how scams operate within the market and the political ramifications of these financial maneuvers. They also explore the absurdities of meme coins and the ethics surrounding political endorsements in crypto. The conversation touches on the alarming rise of anti-Semitism in America and Trump's contentious foreign policy.
58:46

Podcast summary created with Snipd AI

Quick takeaways

  • The complexities and jargon of cryptocurrency often alienate journalists and lead to underreporting of significant scams within the industry.
  • Stablecoins like Tether offer a more appealing alternative for transactions despite concerns over their transparency and association with illicit activities.

Deep dives

The Underreporting of Crypto Scams

Crypto scams are likely to be recognized as one of the prominent stories of recent years, yet many media outlets overlook them due to a disconnect between their audience and the crypto community. The complexities of cryptocurrency, often masked by jargon, can leave journalists feeling alienated and skeptical, which fuels underreporting. The speaker points out that while cryptocurrencies were originally intended to serve as alternatives to traditional currencies, this idea has faded as many coins have emerged, serving varied purposes beyond being mere currencies. Consequently, the drive for attention and investment in cryptocurrencies often feels more akin to a gamble than a legitimate investment strategy.

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