The New Era of the Stock Market with Nasdaq CEO Adena Friedman | All-In Summit 2025

In this panel discussion, Nasdaq CEO Adena Friedman discusses the evolution of Nasdaq beyond just a market, highlighting its growth in market infrastructure technology, powering the innovation economy, and building trust in the financial system through anti-financial crime technology. The conversation covers Nasdaq's move towards tokenization and 24/5 trading, the balance between public and private markets, and potential reforms to encourage companies to go public. Friedman also shares her perspective on the crypto markets, the role of the SEC, the Fed's independence, and potential risks in the market, including commercial real estate. The discussion also touches on the rise of index investing and the importance of active management, as well as the dollar as a reserve currency.