Former President Donald Trump, who previously characterized cryptocurrencies as a scam, has recently altered his perspective. In July, he signed legislation that aims to incorporate cryptocurrencies into the mainstream financial system. Additionally, members of the Trump family have initiated their own ventures in this sector, reportedly generating significant profits and increasing the attention on digital currencies within American politics.
Supporters of this shift argue that it has the potential to strengthen the position of the US dollar in a rapidly evolving global economy. However, critics express concerns regarding possible economic instability and gaps in regulatory measures. This change raises questions about how cryptocurrencies transitioned from a marginal concept to a central aspect of Trump’s economic strategy.
This week, “The Inquiry” program poses the question: Is Trump attempting to create a crypto economy?
The episode includes insights from various contributors:
– Molly White, a writer for the Citation Needed Newsletter in the US
– Francine McKenna, a lecturer at the Wharton School, University of Pennsylvania
– Will Grant, the BBC correspondent for Mexico, Central America, and the Caribbean
– Gillian Tett, Provost of King’s College, Cambridge, UK
The program is presented by Tanya Beckett and produced by Ben Henderson and Matt Toulson, with research conducted by Evie Yabsley, editing by Tom Bigwood, and technical support from Nicky Edwards.
The backdrop of this discussion includes Trump’s recent display of the GENIUS Act on July 18, 2025, which suggests a legislative effort to advance cryptocurrency initiatives. As this issue develops, the program seeks to explore the implications of Trump’s focus on cryptocurrencies.
Source: https://www.bbc.co.uk/sounds/play/w3ct7235?at_medium=RSS&at_campaign=rss