This podcast episode explores the shifting attitude towards cryptocurrency in Washington, driven by Wall Street's desire to profit from the industry. The alliance between crypto and traditional Wall Street, motivated by financial interests and campaign donations, is expected to elevate the industry to new heights. The episode also discusses the impact of political activity on crypto regulation and the growing mainstream adoption of cryptocurrencies in the financial industry. Additionally, it highlights the success of Grayscale in attracting investment advisors and hedge funds, as well as the surprise announcement of a new CEO for Goldman Sachs' asset and wealth management division. The episode concludes by discussing the challenges faced by active managers in mutual funds and exploring the potential implications of leadership changes at GBTC and Vanguard. Overall, the episode provides insights into the evolving landscape of crypto regulation and its implications for the industry, as well as the future prospects of key players in the market.
