Jun 18, 2025
John and Glen ruminate on a pair of major events reshuffling the
fintech world- The Circle IPO’s impact on venture funding, and the
Big Beautiful Bill’s unorthodox approach to throttling AI
regulation. Also- John gets “spun out on quantum,” and admits a
surprising change of heart regarding his outlook for AI.
Links related to this episode:
Glen’s blog on the Circle and Chime IPOs: https://www.big-fintech.com/what-the-chime-and-circle-ipos-mean-for-fintech-investment/
The Senate alters the House budget provision curtailing states’
ability to regulate AI: https://rollcall.com/2025/06/05/ai-regulation-moratorium-dropped-in-senate-budget-package/
Axios’ story about AI’s newfound ability to blackmail: https://www.axios.com/2025/05/23/anthropic-ai-deception-risk
CNBC’s take on the Genius Act: https://www.cnbc.com/2025/06/13/what-the-genius-act-could-mean-for-crypto-and-other-investors.html
TechCrunch’s recap of Chime’s circuitous path to a successful IPO:
https://techcrunch.com/2025/06/12/chime-almost-died-in-2016-turned-down-by-100-vcs-today-it-ipod-at-14-5b/
Pitchbook’s take on the inevitability of Chime’s “down round” IPO:
https://pitchbook.com/news/articles/chimes-ipo-signals-down-rounds-are-here-to-stay
Join us for our next CU Town Hall- Wednesday July 9 at 3pm
ET/Noon PT- for a live and lively interactive conversation
tackling the major issues facing credit unions today. Industry
developments keep coming fast and furious- the CU Town Hall is the
place to make sense of these items together. It’s free to attend,
but advance registration is required: https://www.cutownhall.com/
Join us on Bluesky!
@bigfintech.bsky.social; @154advisors.bsky.social
(Glen); @jbfintech.bsky.social (John)
And connect on LinkedIn for insights like the Friday
Fintech Five:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/