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Slate News

What Next TBD | $Trump

Slate News

Slate Podcasts

News, News Commentary, Politics

4.66K Ratings

🗓️ 23 February 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

The crypto industry threw its weight and money behind Donald Trump, in hopes of legitimizing the industry. Before his Inauguration Day was over, Donald Trump was already enriching himself via a memecoin, one of the scammier, least legitimate-looking uses of crypto. Guest: David Yaffe-Bellany, reporter covering cryptocurrency 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:53.5

A few days before President Trump's inauguration, partygoers in Black Tie were swaying back and forth to a snoop-dog set in the Mellon Auditorium in Washington, D.C.

1:04.2

They were there for the crypto ball.

1:07.0

And basically everybody who's anybody in the crypto industry was there.

1:14.5

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

1:19.2

Mere Mortals paid $2,500 for a ticket.

1:22.9

For $100,000, partygoers could get up close and personal with the big names.

1:29.0

There was a special VIP part of the event where members of Donald Trump's family were

1:34.2

rubbing shoulders with crypto executives, and everybody in the crypto industry was just

1:39.4

toasting the start of what they hope will be a kind of new era of abundance.

1:54.4

It was a moment the industry had been waiting for, ever since it poured tens of millions of dollars into the election. They were celebrating a series of promises that Trump had made to them

1:59.8

on the campaign trail, that he would

2:01.8

relax regulations on the crypto industry, that he would end a crackdown that the SEC had been

...

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