Israel-Iran Conflict Escalates & Stablecoin Bill Advances 6/20/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 20 June 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Donald Trump says he will decide within two weeks whether the United States will enter the escalating conflict in the Middle East. Israel's Minister of Economy and Industry Nir Barkat discusses Israel's strategic goals in its ongoing campaign against Iran and how the country views potential U.S. involvement. Meanwhile, the U.S. Senate has advanced the GENIUS Act, a bill aimed at regulating dollar-pegged stablecoins, setting up a final vote in the coming days. Katie Haun, CEO of Haun Ventures, weighs in on how the legislation could reshape the crypto industry and the future of digital currencies. Plus, President Trump extended the deadline for a TikTok ban by another 90 days, while a new report finds the U.S. added roughly a thousand new millionaires each day in 2024. Nir Barkat - 17:22 Katie Haun - 32:35 In this episode: Nir Barkat, @NirBarkat Katie Haun, @katie_haun Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Today on Squawk Pod, President Trump says he'll decide within two weeks on whether to join Israel's campaign against Iran.
0:13.0	We're joined by Israel's economy minister near Barkat.
0:17.0	We want to make sure that Hamas will never exist after this war.
0:21.6	The first major legislative win for the crypto industry passed in the Senate earlier this week,
0:27.6	crypto expert and Hahn Ventures CEO, Katie Hahn.
0:31.6	We're talking about trillions and trillions of dollars of disruption coming.
0:35.6	Plus, President Trump extends a TikTok ban for a third time.
0:40.8	The U.S. hits a new record of millionaires.
0:43.8	And do you know the population of Iran?
0:46.5	Now I know 92 million.
0:49.9	I'm CNBC producer Zach Vileasy.
0:52.5	It's Friday, June 20th.
0:54.4	It's a Friday in the summer.
0:57.1	Squawk pod begins right now.
0:59.8	Stand and under by in three, two, one.
1:02.8	Q. Andrews.
1:05.0	Good morning and open Scott Box.
1:07.1	Right here on CNBC.
1:09.0	We're live at the NASDAQ market setting Times Square.
1:11.8	Are you real? Are you here? There's Joe Kernan right there. Are you real? Becky's off today.
1:16.7	I am real in the flesh. It's nice to see you after almost can I touch you. It's almost been like a
	...

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