September 29, 2025 • 5 mins
Today, Amit Seru, while noting the promise of a public digital dollar, cautions against handing cryptocurrency business interests the keys to the future of the US currency system; H.R. McMaster analyzes President Trump’s speech last week to the UN and shares his experience helping to prepare the president for a similar address eight years ago; and Matthew Turpin highlights a very recent and revealing story showing the consequences of standing up to the Chinese Communist Party.
Hoover Daily Report | September 29, 2025
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Episode Transcript
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>> Speaker 1 (00:00):
Welcome to the Hoover Daily Report.
Ideas Advancing Freedom.
It's Monday, September 29, 2025.
>> Speaker 2 (00:06):
Today, Amit Serou,
while noting the promise of a publicdigital dollar, cautions against handing
cryptocurrency business interests the keysto the future of the US currency system.
HR McMaster analyzes President Trump'sspeech last week to the UN and
shares his experience helpingto prepare the president for
a similar address eight years ago.
(00:26):
And Matthew Turpin highlights a veryrecent and revealing story showing
the consequences of standing upto the Chinese Communist Party.
>> Speaker 1 (00:34):
Should we trust crypto interests with the future of money?
In a guest opinion column for the NewYork Times, senior fellow Amit Seru
examines a piece of cryptocurrencylegislation currently before Congress and
cautions that it could punt the future ofour monetary system to Silicon Valley.
As Saroo notes,
the Digital Asset Market Clarity act wouldbar the Federal Reserve from issuing.
(00:59):
Or even piloting a government issueddigital currency, in other words,
a rival to privately issued stablecoinswithout congressional approval.
If passed,the measure would make the US Quote,
the only major economy to voluntarilyrule out government issued digital money.
Sarou suggests that lawmakers insteadseize this opportunity to develop public
(01:22):
infrastructure in the digital money space.
Sarou argues that deploying public digitalmoney would foster public trust in
government, give the less wealthyaccess to efficient banking, and
equip America with a powerful toolto expand its influence globally.
>> Speaker 2 (01:38):
Consistency and dissonance in President Trump's 2025 UN General
assembly address In a post forhis substack, History We don't know.
Senior Fellow H.R. McMaster evaluatesPresident Trump's speech last
week to the United Nations Generalassembly in New York City.
McMaster finds that this speech andTrump's subsequent truth social posting on
Russia's war on Ukraine also revealedthe enduring dissonance Trump carries with
(02:02):
him in foreign policy andnational security.
The tension between his belief inpursuing peace through strength and
his inclination to retrench because theUnited States shoulders an unfair share of
the burden for international security.
McMaster shares an excerpt from his bookBattlegrounds, discussing how he assisted
President Trump's preparations for asimilar speech to the UN eight years ago.
(02:27):
The former national securityadviser explains how he,
quote, tried to help an unconventional andiconoclastic president reconcile his
dissonance, clarify hisforeign policy agenda.
And communicate that agendato an international audience.
>> Speaker 1 (02:41):
Sliding towards totalitarianism.
Visiting fellow Matthew Turpin opens hisweekly China Articles newsletter with
a harrowing and very recent example of thereal world consequences of speaking out at
against the Chinese Communist Party,or ccp.
Turpin explains how Nathan Law,
the youngest ever person elected tothe Legislative Council of Hong Kong but
(03:03):
prevented from taking officein 2016 by CCP meddling,
was denied entry into Singapore last weekand detained despite holding a valid visa.
The most obvious explanation forthe detention and
deportation from Singapore is thatBeijing demanded it, writes Turpin.
Quote, and that should terrify anyone whothought that Singapore would be a bulwark
(03:25):
against this sort of intimidation andcoercion.
Fortunately, Law was deportedto the United States instead of
the People's Republic of China, or prc,
and was admitted into the country byimmigration officials in San Francisco.
Turpin notes how Law's journey, quote,could have ended very differently if
Beijing got what it wanted withan extradition to the prc.
>> Speaker 2 (03:47):
William in Bowdoin charts Path to Reforming Higher Education in his
weekly column for Real Clear Politics.
Senior Fellow Peter Berkowitz examines thecrisis in American higher education and
highlights the recent appointment ofWilliam in Bowden as Executive Vice
president and provost at UT Austinas a promising model of reform.
Berkowitz argues that colleges and
(04:07):
universities have gravelymismanaged their institutions for
decades by fostering intellectualenvironments where students fear.
Challenging progressive orthodoxy,
corrupting curricula to reflectnarrow political beliefs.
And enforcing illiberal rules selectivelyafter identifying structural obstacles
to reform.
Including tenure systems that entrenchintellectual conformity, administrators
(04:29):
drawn from a like-minded professoriate,and funding disconnected from performance.
Berkowitz praises in Bowden's argumentthat, despite accepting substantial public
benefits, universities have broken theiracademic social contract with American
society by failing to provide beneficialresearch and citizenship education.
Berkowitz concludes that systemic reformwill require multiple approaches,
(04:53):
including expanding alternative programslike summer courses at think tanks and
founding new institutions.
>> Speaker 1 (05:00):
Featured from the Hoover Library and
Archives Diplomacy Digital Collection,the Hoover Institution Library and
Archives offers a digitized collectionof more than 1,000 items from
the history of international diplomacy.
Many items in the collectionare recordings of speeches and
debates on foreign policyissues of the 20th century.
(05:20):
Additionally, numerousepisodes of William F.
Buckley Jr's television programFiring Line dealing with foreign policy
are included in this collection.
>> Speaker 2 (05:29):
That's your Hoover Daily report for Monday, September 29, 2025.
Each weekday we bring you researchanalysis and commentary focused on public
policy, national security, and the ideasshaping American society and government.
The Hoover Institution at StanfordUniversity is grounded in constitutional
principles with a commitment tosustaining the safeguards of the American
(05:51):
way of life.
Thank you for listening.
For links to all the articles andinterviews mentioned today,
visit Hoover.org/HDR.
Welcome to the Hoover Daily Report.
Ideas Advancing Freedom.
It's Monday, September 29, 2025.
>> Speaker 2 (00:06):
Today, Amit Serou,
while noting the promise of a publicdigital dollar, cautions against handing
cryptocurrency business interests the keysto the future of the US currency system.
HR McMaster analyzes President Trump'sspeech last week to the UN and
shares his experience helpingto prepare the president for
a similar address eight years ago.
(00:26):
And Matthew Turpin highlights a veryrecent and revealing story showing
the consequences of standing upto the Chinese Communist Party.
>> Speaker 1 (00:34):
Should we trust crypto interests with the future of money?
In a guest opinion column for the NewYork Times, senior fellow Amit Seru
examines a piece of cryptocurrencylegislation currently before Congress and
cautions that it could punt the future ofour monetary system to Silicon Valley.
As Saroo notes,
the Digital Asset Market Clarity act wouldbar the Federal Reserve from issuing.
(00:59):
Or even piloting a government issueddigital currency, in other words,
a rival to privately issued stablecoinswithout congressional approval.
If passed,the measure would make the US Quote,
the only major economy to voluntarilyrule out government issued digital money.
Sarou suggests that lawmakers insteadseize this opportunity to develop public
(01:22):
infrastructure in the digital money space.
Sarou argues that deploying public digitalmoney would foster public trust in
government, give the less wealthyaccess to efficient banking, and
equip America with a powerful toolto expand its influence globally.
>> Speaker 2 (01:38):
Consistency and dissonance in President Trump's 2025 UN General
assembly address In a post forhis substack, History We don't know.
Senior Fellow H.R. McMaster evaluatesPresident Trump's speech last
week to the United Nations Generalassembly in New York City.
McMaster finds that this speech andTrump's subsequent truth social posting on
Russia's war on Ukraine also revealedthe enduring dissonance Trump carries with
(02:02):
him in foreign policy andnational security.
The tension between his belief inpursuing peace through strength and
his inclination to retrench because theUnited States shoulders an unfair share of
the burden for international security.
McMaster shares an excerpt from his bookBattlegrounds, discussing how he assisted
President Trump's preparations for asimilar speech to the UN eight years ago.
(02:27):
The former national securityadviser explains how he,
quote, tried to help an unconventional andiconoclastic president reconcile his
dissonance, clarify hisforeign policy agenda.
And communicate that agendato an international audience.
>> Speaker 1 (02:41):
Sliding towards totalitarianism.
Visiting fellow Matthew Turpin opens hisweekly China Articles newsletter with
a harrowing and very recent example of thereal world consequences of speaking out at
against the Chinese Communist Party,or ccp.
Turpin explains how Nathan Law,
the youngest ever person elected tothe Legislative Council of Hong Kong but
(03:03):
prevented from taking officein 2016 by CCP meddling,
was denied entry into Singapore last weekand detained despite holding a valid visa.
The most obvious explanation forthe detention and
deportation from Singapore is thatBeijing demanded it, writes Turpin.
Quote, and that should terrify anyone whothought that Singapore would be a bulwark
(03:25):
against this sort of intimidation andcoercion.
Fortunately, Law was deportedto the United States instead of
the People's Republic of China, or prc,
and was admitted into the country byimmigration officials in San Francisco.
Turpin notes how Law's journey, quote,could have ended very differently if
Beijing got what it wanted withan extradition to the prc.
>> Speaker 2 (03:47):
William in Bowdoin charts Path to Reforming Higher Education in his
weekly column for Real Clear Politics.
Senior Fellow Peter Berkowitz examines thecrisis in American higher education and
highlights the recent appointment ofWilliam in Bowden as Executive Vice
president and provost at UT Austinas a promising model of reform.
Berkowitz argues that colleges and
(04:07):
universities have gravelymismanaged their institutions for
decades by fostering intellectualenvironments where students fear.
Challenging progressive orthodoxy,
corrupting curricula to reflectnarrow political beliefs.
And enforcing illiberal rules selectivelyafter identifying structural obstacles
to reform.
Including tenure systems that entrenchintellectual conformity, administrators
(04:29):
drawn from a like-minded professoriate,and funding disconnected from performance.
Berkowitz praises in Bowden's argumentthat, despite accepting substantial public
benefits, universities have broken theiracademic social contract with American
society by failing to provide beneficialresearch and citizenship education.
Berkowitz concludes that systemic reformwill require multiple approaches,
(04:53):
including expanding alternative programslike summer courses at think tanks and
founding new institutions.
>> Speaker 1 (05:00):
Featured from the Hoover Library and
Archives Diplomacy Digital Collection,the Hoover Institution Library and
Archives offers a digitized collectionof more than 1,000 items from
the history of international diplomacy.
Many items in the collectionare recordings of speeches and
debates on foreign policyissues of the 20th century.
(05:20):
Additionally, numerousepisodes of William F.
Buckley Jr's television programFiring Line dealing with foreign policy
are included in this collection.
>> Speaker 2 (05:29):
That's your Hoover Daily report for Monday, September 29, 2025.
Each weekday we bring you researchanalysis and commentary focused on public
policy, national security, and the ideasshaping American society and government.
The Hoover Institution at StanfordUniversity is grounded in constitutional
principles with a commitment tosustaining the safeguards of the American
(05:51):
way of life.
Thank you for listening.
For links to all the articles andinterviews mentioned today,
visit Hoover.org/HDR.
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