Washington weighs in on crypto
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 15 July 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The EU proposes to shift its budget to send billions to eastern European countries, and bitcoin hits a record high as US lawmakers are about to vote on cryptocurrency laws. Plus, chancellor Rachel Reeves is set to talk about the UK’s vision for the financial services sector, and Nissan’s hybrid technology launch in the US.
Mentioned in this podcast:
EU budget shake-up to shift billions to eastern states
Bitcoin hits $120,000 milestone as US Congress readies for ‘crypto week’
Rachel Reeves to hail fiscal ‘stability’ and City risk-taking in Mansion House speech
‘E-power’: the hybrid tech Nissan is counting on to conquer the US
Today’s FT News Briefing was produced by Fiona Symon, Mischa Frankl-Duval, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.2 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low-carbon |
| 0:22.4 | solutions has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com. |
| 0:32.2 | Good morning from the Financial Times. Today is Tuesday, July 15th, and this is your FT News briefing. The EU is ready |
| 0:40.0 | to spend big on Eastern members, and Bitcoin looks like it's, in fact, headed to the moon. Plus, |
| 0:47.1 | Nissan is having a rough go of it, but it's hoping a focus on the U.S. market can change all that. |
| 0:52.6 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:06.4 | The European Union is shaking up its budget, and its eastern countries are the winners. |
| 1:12.2 | A leaked proposal outlines a new way to allocate more than 750 billion euros of farming and |
| 1:17.3 | development funds. |
| 1:18.5 | The plan shifts the common budget to favor newer member states and the ones that border Russia. |
| 1:23.5 | And it gives those governments more leeway on spending. |
| 1:26.8 | So they could divert money from things like regional development and spend it on defense. |
| 1:32.4 | The European Commission will officially launch this as part of its seven-year budget tomorrow. |
| 1:37.5 | That proposal needs to get approval from all 27 member states to pass. |
| 1:47.6 | It's a very good. member states to pass. It feels like the cryptocurrency sector is making unprecedented strides right now. |
| 1:53.0 | Bitcoin hit a record high yesterday. |
... |
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