What is cryptocurrency and why is it so important in the Trump administration? Zach Everson of Forbes is on this beat and explains it clearly. 00:00 - Welcome 01:17 – Zach shares how he became a cryptocurrency reporter 03:48 – Zach on Trump’s finances as an under-covered story 04:49 – Introduction to crypto: is it just money laundering? 06:03 – Trump’s shift from property money to crypto money 07:33 – Overview of Trump’s crypto ventures, starting with digital trading cards 09:06 – Explanation of blockchain 10:15 – Trading cards as collectibles; comparison to sports cards 12:22 – World Liberty Financial: Trump’s decentralized finance platform 14:44 – Details of Trump’s stake in World Liberty and potential profits 15:56 – Introduction to Trump’s stablecoin (USD1) and how it works 17:02 – Example of $2 billion stablecoin investment and Trump’s cut 19:08 – Meme coin: what it is and how it works 21:00 – Risks of meme coins, rug pulls, and legality 23:01 – Trump Media’s Bitcoin reserve strategy 24:39 – What is Bitcoin and how it fits into Trump Media’s model 26:37 – Zach on crypto’s supposed benefits and real-world usefulness 28:23 – Why Trump’s crypto matters: money, influence, and policy overlap 31:22 – Is crypto creating a permanent ultra-wealthy class?