Gen Z’s Crypto Gamble, World Liberty Financial’s Coming Card, E*TRADE’s Digital Asset Roadmap, and the CFTC’s Tokenized Collateral Plan | September 24, 2025
Description
Gen Z embraces “financial nihilism,” with crypto playing a central role in their high-risk investment strategy (1:26 ). Plus, World Liberty Financial reveals a new app and debit card tied to its stablecoin (2:50 ). Morgan Stanley brings digital asset trading to E*TRADE (4:28 ), and the CFTC launches a sweeping initiative on tokenized collateral (6:14 ).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles discussed or referenced in this episode:
“Acting Chairman Pham Launches Tokenized Collateral and Stablecoins Initiative.” U.S. Commodity Futures Trading Commission Press Release, 23 September 2025, https://www.cftc.gov/PressRoom/PressReleases/9130-25.
Harring, Alex. “Young Adults Embrace ‘Financial Nihilism’ with Risky Crypto, Stock Bets as American Dream Feels Unattainable.” CNBC, 23 September 2025, https://www.cnbc.com/2025/09/23/young-people-crypto-meme-stocks-options-risk-financial-nihilism.html.
Irene, Nellius. “CFTC Explores Stablecoins and Tokenized Collateral for Derivatives.” Cryptopolitan, 23 September 2025, https://www.cryptopolitan.com/cftc-explores-stablecoins-collateral/.
Jafri, Assad. “Morgan Stanley to Kick Off Proprietary Crypto Trading Services via Digital Platform in 2026.” CryptoSlate, 23 September 2025, https://cryptoslate.com/morgan-stanley-to-kick-off-proprietary-crypto-trading-services-via-digital-platform-in-2026/.
Park, Danny. “World Liberty Financial to Launch Debit Card 'Very Soon,' Co-Founder Zak Folkman Says.” The Block, 22 September 2025, https://www.theblock.co/post/371766/world-liberty-financial-debit-card-very-soon.
Verma, Aniket. “Trump Family's World Liberty Financial Platform Gears Up to Introduce Debit Card, Retail App: Report.” Benzinga, 23 September 2025, https://finance.yahoo.com/news/trump-familys-world-liberty-financial-095203863.html.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
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