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26 Mar 2025 - 12:40 am

The crypto industry is advancing. (Just don’t ask it where it’s going.)
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After a dramatic start to the year, the crypto industry is settling into a new reality — one in which the White House is laying out the red carpet and promising an unprecedented level of support.

Crypto, a roughly 15-year-old industry that’s largely operated on the fringes of finance, is at a crossroads. For years, it has blamed a hostile regulatory environment for not allowing it to unleash its supposedly revolutionary technology on Americans. Now, though, their favorite bogeyman, Gary Gensler, the Securities and Exchange Commission chief under President Joe Biden, is gone. Crypto cheerleaders have been installed throughout the government.

The SEC has dropped several enforcement cases against crypto companies and, starting Friday, is hosting a series of public roundtables “to discuss key areas of interest in the regulation of crypto assets.”

Under President Donald Trump, there’s virtually nothing stopping crypto companies from creating and selling their products.

At the same time, the same White House’s chaotic trade policy is undermining financial markets’ appetite for risk, leaving bitcoin in limbo, more than 20% off from its record high in January. And while the industry is grateful for all the attention, the White House’s embrace of some of crypto’s less savory aspects, like meme coins, has given serious investors pause.

Given the enormous potential for the $3 trillion industry in this moment, I checked in with Eswar Prasad, a Cornell University professor of international trade and the author of the 2021 book “The Future of Money,” about the forces disrupting financial technologies.

Fundamentally, Prasad brings a pragmatist’s view of crypto that is as refreshing as it is rare in a subject area that tends to attract zealots and loudmouths. We spoke over the phone shortly after the first-of-its-kind White House crypto summit earlier this month.

The following interview has been edited for length and clarity.

Nightcap: We just saw a pretty wild thing happen with the crypto summit — hard to imagine a scenario like that taking place under any previous administration. What were your takeaways?

Eswar Prasad: The crypto industry is kissing the ring, and I think it’s getting exactly what it wants from the Trump administration, which is the legitimacy provided by government oversight, coupled with what is almost certain to be quite light touch and non-inclusive regulation.

And I think we saw many of the major players in the crypto industry essentially using the opportunity to not just thank Trump, but try to make the point, which seemed to resonate with Trump, that this industry can power, in some sense, a resurgence of a certain part of the US economy.

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25 Mar 2025 - 04:45 pm

Xavier completes thrilling comeback, Mount St. Mary’s advances as men’s First Four comes to a close
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Wednesday saw the men’s First Four come to a close which means only one thing: the 64-team bracket is officially set following No. 11 Xavier’s thrilling come from behind win over No. 11 Texas and No. 16 Mount St. Mary’s victory over No. 16 American in Dayton, Ohio.

The Musketeers trailed by as many as 13 points, but their offense came alive in the second half behind guard Marcus Foster and forward Zach Freemantle to down the Longhorns 86-80.

The senior Foster scored a team-high 22 points while Freemantle, on his way to 15 points, threw down a dunk with a second left to seal the comeback win and ignite the fans at UD Arena, which is just over 50 miles away from campus in Cincinnati, Ohio.

With just under four minutes remaining, Xavier went on an 8-2 run to take a 78-74 lead, their first since the early going of the first half.

Musketeers head coach Sean Miller crowned Wednesday’s game as “one of the best” he’s been a part of.

“I thought we were dead in the water two different times,” Miller told the truTV broadcast after the game. “But that’s the one thing about our team — the resiliency of our group has always won out for us. Just when you thought we weren’t gonna make the tournament, we kept winning. Even in this game, just when you’re like, ‘It’s not gonna work out,’ we have a funny way of staying with it.”

The Longhorns did not go down without a fight as guard Tre Johnson scored a game-high 23 points in the loss.

Xavier will face No. 6 Illinois in the first round on Friday at the Fiserv Forum in Milwaukee.

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25 Mar 2025 - 04:09 pm

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25 Mar 2025 - 03:32 pm

A librarian ran off with a yacht captain in the summer of 1968. It was the start of an incredible love story
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The first time Beverly Carriveau saw Bob Parsons, she felt like a “thunderbolt” passed between them.

“This man stepped out of a taxi, and we both just stared at each other,” Beverly tells CNN Travel today. “You have to remember, this is the ‘60s. Girls didn’t stare at men. But it was a thunderbolt.”

It was June 1968. Beverly was a 23-year-old Canadian university librarian on vacation in Mazatlan, Mexico, with a good friend in tow.

Beverly had arrived in Mazatlan that morning. She’d been blown away by the Pacific Ocean views, the colorful 19th-century buildings, the palm trees.

Now, Beverly was browsing the hotel gift store, admiring a pair of earrings, when she looked up and spotted the man getting out of the taxi. The gift shop was facing the parking lot, and there he was.

“I was riveted,” says Beverly. “He was tall, handsome…”

Eventually, Beverly tore away her gaze, bought the earrings and dashed out of the store.

“We locked eyes so long, I was embarrassed,” she says.

No words had passed between them. They hadn’t even smiled at each other. But Beverly felt like she’d revealed something of herself. She felt like something had happened, but she couldn’t describe it.
Beverly rushed to meet her friend, still feeling flustered. Over dinner in the hotel restaurant, Beverly confided in her friend about the “thunderbolt” moment.

“I told my girlfriend, ‘Something just happened to me. I stared at this man, and I couldn’t help myself.’”

Then, the server approached Beverly’s table.

“He said, ‘I have some wine for you, from a man over there.’”

The waiter was holding a bottle of white wine, indicating at the bar, which was packed with people.

As a rule, Beverly avoided accepting drinks from men in bars. She never felt especially comfortable with the power dynamic — plus, she had a long-term partner back in Canada.

“I had a serious boyfriend at home and thought my life was on course,” she says.