The US Crypto Landscape In 2025 | Roundup

In this episode, the gang unpacks major talking points from this week including but not limited to the notion of the end of foundations in crypto, Circle’s IPO, the impact the US government has had on the overall ecosystem and chokepoint 2.0s lasting impacts on Ethereum, existing legal challenge for tokens in the US and the space for privacy focused stablecoins to take shape. -- Ledger, the global leader in digital asset security, proudly sponsors Expansion! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe. Buy now on https://shop.ledger.com/?r=1da180a5de00. -- Join us from June 24th-June 26th at Permissionless IV! Use Code EXPANSION10 at checkout for 10% off! -- Tickets: https://blockworks.co/event/permissionless-iv - - Follow Jill: https://x.com/jillrgunter Follow Nick: https://x.com/nickwh8te Follow Uma: https://x.com/pumatheuma Follow Mike: https://x.com/MikeIppolito_ Follow Expansion: https://x.com/ExpansionPod_ Subscribe on YouTube: https://bit.ly/3QLwfTs Subscribe on Apple: http://apple.co/4bGKYYM Subscribe on Spotify: http://spoti.fi/3Vaubq1 -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Chapters: (00:00) Introduction (02:22) Listening To Old Crypto Podcasts (08:47) PRE ROLL LEDGER AD (16:21) Crypto’s Time In The USA (18:15) Ethereum vs Solana Foundation (24:21) Existing Legal Challenges For Tokens (27:09) Why Hyperliquid Over A CEX? (34:41) Crypto Driving Push To Revisit KYC (39:20) MID ROLL LEDGER AD (42:35) White Hat To The Rescue (43:10) Private Stablecoin Protocols (46:26) Circle’s IPO -- Disclaimer: Expansion was kickstarted by a grant from the Celestia Foundation. Nothing said on Expansion is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Michael, Nick, and our guests may hold positions in the companies, funds, or projects discussed.