In this episode of Rapid Response, Bob Safian interviews Laura Shin, a crypto expert and host of the podcast Unchained, to discuss the evolving landscape of cryptocurrency under the Trump administration. Shin provides a no-hype overview of the current state of crypto, highlighting the administration's embrace of crypto, the rise of stablecoins, and the potential for crypto IPOs. She explains the difference between stablecoins and memecoins, and discusses the use of stablecoins in countries with unstable currencies. The conversation touches on Trump's changing stance on crypto, the political divide surrounding crypto, and the implications of J.P. Morgan allowing crypto-backed assets as loan collateral. Shin also offers advice for those interested in experimenting with crypto, emphasizing the importance of education and caution due to the risks of scams and security breaches. Finally, they explore the geopolitical implications of crypto and the impact of Coinbase joining the S&P 500.
