U.S. Gov Goes ALL IN On Crypto! Game Changer Or Power Grab? | Friday Five

The Friday Five podcast, broadcasting live from Las Vegas, delves into the week's significant crypto and macro news. The hosts discuss the U.S. government's increasing adoption of blockchain technology, including putting GDP data on the blockchain, and debate the implications of the government taking stakes in private companies like Intel, drawing parallels to socialism. They analyze Trump Media's investment in Crypto.com's digital token, scrutinize Trump's attempts to influence the Federal Reserve, and dissect Jerome Powell's Jackson Hole speech, disagreeing on whether it signaled a dovish or hawkish approach to future rates. Finally, they address the U.S. banks' lobbying efforts to block stablecoin interest and Google Cloud's development of its own blockchain for payments, and the recent Bitcoin dump caused by a large sell-off.