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What Next | Daily News and Analysis

TBD | Bitcoin Takes the White House

What Next | Daily News and Analysis

Slate

News, Daily News, News Commentary, Politics

4.62.3K Ratings

🗓️ 5 January 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

Cryptocurrency spent generously on this last election cycle, and now they’ve got their top pick in the White House, and wins across Congress. Where is the industry looking to go with these favorable, regulatory winds?  Guest: David Yaffe-Bellany, tech reporter covering the crypto industry for the New York Times. Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Podcast production by Evan Campbell, Patrick Fort, and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:33.9

In mid-December, Eric Trump went to Abu Dhabi for a Bitcoin conference.

0:39.3

These events are always a little wild. You've got cryptocurrency die-hards. Some pay $10,000

0:48.3

for special event access. Others dress up in costume.

0:52.3

It's, you know, everyone from, you know, radical libertarians to like former Wall Street

0:57.6

bankers who are super interested in crypto now.

1:01.5

That's David Yaffe Bellany, who covers the crypto industry for the New York Times.

1:06.5

And so the scene around Eric Trump was really no different, except that suddenly the crypto world

1:12.5

is just thrilled about its association with the Trump family.

1:16.3

So you had people posing for photographs in front of giant cutouts of Donald Trump and

1:21.5

Elon Musk, people holding up signs proclaiming their support for the Trump family.

1:27.7

And so it was a celebration of this political movement in the U.S. as much as it was a celebration of Bitcoin.

1:36.5

What does Eric have to say to this crowd?

1:40.3

He says to them, my dad is with you.

1:43.5

You know, he's going to be the Bitcoin president. He's going to

1:46.8

advance crypto in the United States. He's already started doing that. He's appointed people to

1:52.1

key positions who support cryptocurrencies. And he's going to keep doing that because the family

1:58.6

believes in this technology. That was his message.

...

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