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The NPR Politics Podcast

Why Is Trump Involved In Crypto?

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.524.9K Ratings

🗓️ 14 May 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

His face may not be on any currency issued by the federal government, but President Trump has lent his support and image to a meme coin, a kind of cryptocurrency. We look at how his policies on crypto intersect with his business endeavors.

This episode: political correspondent Sarah McCammon, political reporter Stephen Fowler, and senior national political correspondent Mara Liasson.

The podcast is produced by Bria Suggs and edited by Casey Morell. Our executive producer is Muthoni Muturi.

Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at
plus.npr.org/politics.

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Transcript

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0:00.0

Hey, Sam Sanders here with KCRW, personally inviting you to check out my new podcast.

0:05.9

It's an entertainment show that tries to figure out what makes the culture tick and tell the stories behind creators we love.

0:12.8

New episodes are out every Friday, wherever you get your podcast.

0:17.0

Listen to the Sam Sanders Show, part of the NPR Podcast Network.

0:23.8

Hey, this is Dan from Nashville.

0:26.5

I'm currently standing at the base of the world's tallest indoor waterfall at Jules Chungay Airport at the end of a two-week trip exploring Cambodia, Vietnam, and Singapore.

0:37.1

Ooh, exciting.

0:37.8

This podcast was recorded at...

0:39.4

107 p.m. Eastern Time on Wednesday, May 14th, 2025.

0:43.6

Things may have changed by the time you hear, but I'll probably still be somewhere over

0:47.8

the Pacific in the middle of my 21-hour flight home.

0:51.2

Okay, here's the show.

0:57.7

Sounds like an awesome trip. Yeah, for a great time.

1:03.7

Hey there, it's the NPR Politics Podcast. I'm Sarah McCammon. I cover politics. I'm Stephen Fowler.

1:08.1

I also cover politics. And I'm Mara Liason, senior national political correspondent.

1:14.2

Today on the show, how President Trump's business interests and policies are intersecting.

1:16.3

Stephen, let's start with this.

1:21.1

The president has launched his own crypto exchange and his own meme coin.

1:24.5

So I want you to just break that down for us initially, if you would. What is a crypto exchange and what is a meme coin? So we're talking about

1:30.7

this decentralized digital currency where transactions are recorded on this open source database

1:36.8

called blockchain. And unlike a US dollar, crypto isn't backed by a government or any sort

1:43.2

of financial institution, meaning the

...

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