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investing alps distributors hey what's news listeners it's sunday july 13th i'm luke vargas for the wall street

journal and this is What's News Sunday,

the show where we tackle the big questions about the biggest stories in the news by reaching out to

our colleagues across the newsroom to help explain what's happening in our world.

This week, with President Trump eager to promote the U.S. as the crypto capital of the world

and the House Financial Services Committee in the coming days considering several bits of crypto regulation, the industry has the wind at its back and is racing to see how far a friendly regulatory environment can carry it.

Brokerage Robin Hood is helping lead the charge as it pursues a rapid expansion into new markets and product areas as part of its CEO Vlad Tenev's vision of crypto serving as the rails of global finance.

We'll discuss that vision and more.

Without further ado, I want to introduce Robin Hood CEO Vlad Tenev. Vlad, thank you so much for being

with us on What's News. Much obliged. Thank you for having me. And over here on my side of the table,

I'm joined by Wall Street Journal Markets reporter Caitlin McCabe, who covers hedge funds now,

but before that, reported on Robin Hood and on individual investors. Caitlin, pleasure.

Thank you for joining us. Thanks for having me. Vlad, I want to ask you about your individual

investor clients, many of them young people, the median age of Robin Hood users is 35, so many of them

are younger than that. This is a generation already facing substantial debt burdens, feeling a lot of anxiety around money.

And now enter artificial intelligence, the CEO of Anthropic in May predicting AI could lead to half of all entry-level jobs disappearing in one to five years. I'm curious what you make of that

for Robin Hood to succeed. I'd imagine you would want young people share of the financial pie to be

growing, but there's obviously some uncertainty there. I think that's right. There is a tremendous

...