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Lever Time

Big Tech’s Monopoly Money

Lever Time

The Lever

News, News Commentary, Politics

4.8560 Ratings

🗓️ 5 June 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

There’s a new evil genius on Capitol Hill, one that privacy experts warn could empower tech billionaires like Elon Musk and Mark Zuckerberg to issue their own private currencies. The Senate is poised to pass the GENIUS Act, which would give so much free rein to such “stablecoins” that it could destabilize the rest of the economy. Today on Lever Time, Arjun Singh sits down with Lever reporter Luke Goldstein to understand the GENIUS Act, how it could turn Big Tech companies into unregulated banks, and why this should be a concern for the rest of us. You can read Luke’s full story on the GENIUS Act and the future of “ZuckBucks” here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to the free ad-supported version of our podcast. For an ad-free experience,

0:05.5

visit levernews.com slash upgrade. When Donald Trump was inaugurated like all presidents, he swore

0:12.1

an oath to preserve, protect, and defend the Constitution. Instead, Donald Trump has decided

0:16.9

to swerve, deflect, and append the Constitution and treat it like a terms and conditions

0:21.8

page. I'm Professor Corey Brett Schneider. And I'm deeply unqualified comedian John Fugleson.

0:27.3

We'd like to invite you to listen to the Oath in the Office podcast where every week we interpret

0:32.1

the Constitution and hold Trump accountable to his oath. It's a podcast that offers real insight on how to take action against tyranny and mayhem,

0:41.2

because despair is not a strategy.

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We'll hold him to his pledge, despite his threats to democracy and the law itself.

0:49.3

It's a podcast that's all about hope for what a real democracy should look like from an esteemed, respected

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constitutional scholar and a deeply neurotic comedian who thought the emoluments clause was a breakfast item.

1:01.1

Subscribe to The Oath in the Office where every week we talk about how citizens can preserve our democracy

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and fight back against the threat to democracy.

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