By Catherine Austin Fitts

After leading all industries in political contributions in the 2024 elections, the crypto industry is enjoying the “Trump pivot,” with the President appointing a crypto lobbyist to run the Securities and Exchange Commission (SEC) and Silicon Valley venture capitalist David Sacks named to a new White House position, “AI & Crypto Czar.” In addition, the President and his wife have issued their own meme coins, and he has signed an “Executive Order to Establish United States Leadership in Digital Financial Technology” that establishes a working group to push ahead on a new regulatory framework to ensure that digital money and assets will be privately led. Meanwhile, his family companies World Liberty Financial and Trump Media & Technology Group have expanded their push into crypto.

Members of the Administration have been enthusiastic about the use of stablecoins to expand the markets for the U.S. dollar and the Treasury markets. Gone are the pallets of cash flown to the Middle East to dollarize a foreign market. Now the pallets will fly in directly to each person through their mobile phone—all around the existing banking system. The goal is to attract billions of people firmly into the dollar syndicate.

Darren Moore, Jr. joined me last year on the Solari Report to discuss the future of private currencies. This week, he is back to discuss the “crypto pivot” and what it means for potentially explosive growth in the crypto markets. After reviewing the policy changes underway, we focus on Ripple/XRP, currently one of the leading contenders for global payment systems. We also touch on Tether—the largest stablecoin—and asset tokenization.

We are at a crossroads where the people who manage the global dollar system can achieve dramatic support by siphoning off significant resources into a parallel transaction system that helps attract retail investment away from real assets and enterprises. Despite the transparent nature of distributed ledger technology, it can support much greater secrecy in the building of a digital control grid. Best of all (from their point of view), they can attract a much greater number of users into the dollar system.

Here it comes, ready or not. Darren, one of the experts tracking crypto, understands both the markets and what they mean to the wider economy.