Bitcoin (BTC-USD) and other crypto-related stocks have rallied to new highs after former President-elect Donald Trump won reelection. The president-elect is perceived as friendly to the crypto industry. Executive Editor Brian Sozzi sits down with Independent Institute senior fellow and former economic adviser to President Donald Trump Judy Shelton to discuss her stance on crypto and its role in strategic federal reserves.

“This was a turnaround for President Trump to support the crypto community. It was it was brilliant. I think that the whole decentralized finance movement does reflect less trust in government management of money, and I think that’s healthy,” Shelton , “I think we need to challenge whether or not we want to have [the] government use money, which I consider private property. You earn it. I consider it a moral contract between citizens and the government that money performs as a meaningful unit of account and a reliable store of value. I think it’s very healthy to challenge the protected status of the dollar as our legal tender by allowing continual innovation in the sphere of alternative currency.”