Marketplace Morning Report The Trump administration is building closer ties to crypto
May 28, 2025
The podcast dives into the burgeoning relationship between the Trump administration and cryptocurrency, highlighted by major figures attending Bitcoin 2025 in Las Vegas. It discusses how regulatory changes reflect a shift towards acceptance, contrasting with stricter policies of the Biden era. Additionally, the episode examines corporate commitments made to historically Black colleges, assessing their effectiveness and ongoing challenges in securing funds. The interplay between banking and crypto trends is also explored, revealing shifts in attitudes amid fiscal critiques.
AI Snips
Chapters
Transcript
Episode notes
Trump's Pro-Crypto Shift
- The Trump administration has shifted towards embracing cryptocurrency and engaging with the industry rather than enforcing strict bans.
- This approach has encouraged banks and investors to participate more actively in crypto markets, enhancing legitimacy.
Banks Boost Crypto Legitimacy
- Major banks are increasingly entering the digital asset space, building services like Bitcoin ETFs and stablecoins.
- This trend contributes to a growing perception that crypto is a safer investment despite its inherent volatility.
Corporate Support for HBCUs
- Post-George Floyd, corporations made pledges to support historically Black colleges and universities (HBCUs), but the impact has varied.
- Morgan Stanley's HBCU Scholars Program successfully graduated students who are joining the firm, while others like Target rolled back some commitments but resumed programs.