The New York Times investigates a $2 billion investment linking the Trump family, UAE interests, and the USD1 stablecoin (1:21). We also spotlight the rise of Fellowship, a pro-crypto super PAC with $100 million in early funding (3:30). Meanwhile, Israel cracks down on wallets allegedly tied to the IRGC (5:09), and France calls for tighter EU oversight of cross-border crypto licenses (6:57).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles discussed or referenced in this episode:

“France Threatens to Block Crypto License 'Passporting' in EU Regulatory Fight.” Reuters, 15 September 2025, https://finance.yahoo.com/video/france-threatens-block-crypto-license-140555541.html.

Lipton, Eric, et al. “Anatomy of Two Giant Deals: The U.A.E. Got Chips. The Trump Team Got Crypto Riches.” New York Times, 15 September 2025, https://www.nytimes.com/2025/09/15/us/politics/trump-uae-chips-witkoff-world-liberty.html.

Nobel, Mitchell. “F.E.C. Form 1, Statement of Organization.” Fellowship P.A.C., Federal Election Commission, 7 August 2025, https://docquery.fec.gov/cgi-bin/forms/C00915181/1910480/.

Post by Fellowship PAC, X, 15 September 2025, https://x.com/Fellowship_PAC/status/1967619490482643135.

Walsh, Sheri. “Israel Links Crypto Wallets, $1.5B to Iran's Revolutionary Guard.” United Press International, 15 September 2025, https://www.upi.com/Top_News/World-News/2025/09/15/seizes-crypto-wallets-irgc/3101757969868/.

Wright, Turner. “Super PAC Backing ‘Pro-Crypto Candidates’ Raises $100M.” CoinTelegraph, 15 September 2025, https://cointelegraph.com/news/crypto-backers-political-action-committee-100.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.

The IRS is making crypto tax enforcement personal with sweeping powers, billions in seizures, and little legal pushback (1:19). Tether makes a move into U.S. markets with its new stablecoin, USAT, backed by Treasuries and managed by Cantor Fitzgerald (2:55). Pakistan opens its doors to licensed exchanges (4:32), while Türkiye slams its doors shut to unlicensed operators (6:26).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles discussed or referenced in this episode:

Khan, Mubarak Zeb. “Pakistan Seeks Partners for Digital Future.” Dawn, 14 September 2025, https://www.dawn.com/news/1941811/pakistan-seeks-partners-for-digital-future.

Steer, George, et al. “Crypto Group Tether to Launch New Stablecoin with Eye on US Markets.” Financial Times, 12 September 2025, https://www.ft.com/content/f2329769-6bbc-489b-9a98-d9bbf7addf6f.

“Türkiye Blocks Access to Crypto Trading Platform Darkex.” Türkiye Today, 14 September 2025, https://www.turkiyetoday.com/business/turkiye-blocks-access-to-crypto-trading-platform-darkex-3206891.

V., Vismaya. “Inside the IRS’s Expanding Surveillance of Crypto Investors.” Decrypt, 14 September 2025, https://decrypt.co/339134/inside-irs-expanding-surveillance-crypto.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.

Polling from NBC News shows just how sharply U.S. crypto adoption splits by age, gender, and political affiliation (1:05). Avalanche makes a push to raise a billion dollars through new investment vehicles designed to bulk up its AVAX reserves (2:56). In Asia, Hong Kong is moving to ease capital rules for banks holding crypto (4:22), while South Korea is granting crypto firms coveted “venture company” status (5:48).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles discussed or referenced in this episode:

Crawley, Jamie. “Hong Kong's Central Bank Plans to Ease Rules on Banks' Crypto Holding: Report.” CoinDesk, 11 September 2025, https://www.coindesk.com/policy/2025/09/11/hong-kong-s-central-bank-plans-to-ease-rules-on-banks-crypto-holding-report.

Kamisar, Ben. “Poll: Who Owns Cryptocurrency? More Young People, More Men and More Republicans.” NBC News, 11 September 2025, https://www.nbcnews.com/politics/rcna230247.

Katte, Stephen. “South Korea Crypto Firms Get ‘Venture Company’ Status Next Week.” CoinTelegraph, 11 September 2025, https://cointelegraph.com/news/south-korea-crypto-firms-venture-certification-lifted.

Stafford, Philip and Antoine Gara. “Avalanche Blockchain Aims to Raise $1Bn for Crypto-Hoarding Companies.” Financial Times, 11 September 2025, https://www.ft.com/content/87b5cb20-e86c-4849-8959-ee1f87ffb388.

Wang, Xiaoqing. “Hong Kong Plans to Optimize Crypto Asset Capital Regulations to Help Banks Accept Compliant Stablecoins.” Caixin, 10 September 2025, https://finance.caixin.com/2025-09-10/102361170.html.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.