Zanny Minton-Beddoes

And this is a bit of a gold rush.

It's one that the president and his family are personally benefiting from to an extraordinary degree.

It's more broadly an administration that has legislatively now

underwritten, you know, we want America to be a place where cryptocurrencies blossom, and where the whole crypto universe blossoms.

And actually, this is something that leads and I will say this very quickly.

But this is an administration that from financial services, to energy to all manner of areas is trying to cut regulation and make it easier for business to do things.

And

I think that's an important thing to remember because CEOs in the United States are very upbeat right now.

And they're certainly not saying anything publicly against the president, perhaps because they're worried.

But they are also seeing an administration that is trying to make it easier to invest in the United States and is trying to make it easier for businesses to do well.

So I do think it's kind of important that we don't focus only on one side of the ledger.

It's not that the Trump administration is only doing things that are hurting the economy.

It is also trying to do things that encourage investment, that encourage businesses to invest in financial services.

They're definitely pushing back against regulation.

That may or may not be a good idea.

But broadly, I think most people agree that there was too much and too onerous regulation in the Biden administration and having a bit less of it would be a good thing.

Absolutely.

You're absolutely right.

If you stand back a bit, what is really striking is...

is how willing this administration is to pick winners and to say, you know, this is a good company, this is a bad company.