Jon Lovett

We're building a world market available to the JP Morgans, but also to Groucho Marx, right?

Like everybody can get in on it.

Now, you obviously draw parallels to what's happening now, not just with crypto, but with companies making trading more available to ordinary investors and the Trump administration trying to lower some of the guardrails, including guardrails from after the depression that try to protect people from.

irrational exuberance.

Can you talk about those parallels and why they make you nervous?

So the Biden administration was aware of this and was thinking about how do we regulate cryptocurrency to protect people and to protect the broader economy from the same kind of boom and bust and hyper speculation.

that happened in the 1920s, Trump at first is extremely skeptical of crypto, doesn't get it, starts to discover there's something in it for him personally.

Next thing we know, the SEC becomes sort of captured by crypto and he's selling it himself.

How much does that look like what was happening in the 20s?

And how...

How vulnerable are those of us who are staying out of cryptocurrency to its impacts if there's a crash of some kind?

And so then Trump comes in.

Yep.

He calls off an investigation into one of his key backers and that's sort of entwined in these businesses.

What are they doing right now to –

lower the kind of guardrails that we had put in place after the depression, both on cryptocurrency, but also in the broader market.

You don't need to be a day trader.

You don't do anything complicated.

You should just put your money into something that's safe and reliable that you can forget about and leave alone.

That's not your expertise.