Stablecoins are Narrow Banks with Nic Carter

In this episode of Galaxy Brains, Alex Thorn interviews Nic Carter from Castle Island Ventures about the Genius Act and its implications for banking and payments, including the potential for narrow banking and the challenges it poses to commercial banks. They also discuss AI, touching on its impact on the job market, the development of critical thinking skills in younger generations, and the growing demand for data centers and energy. Additionally, Bimnet Abebe from Galaxy Trading joins Alex to discuss market trends, trade deals, and the Federal Reserve's independence, debating whether Fed independence is beneficial and constitutional.