Figure's $7.6 Billion IPO | How Mike Cagney Is Changing Capital Markets On The Blockchain

Mike Cagney is the Co-Founder & CEO of Figure and the former Co-Founder & CEO of SoFi. Figure recently went public on the NASDAQ and now has a $7.6 billion valuation. In this conversation, we discuss why Mike took Figure public, going all-in on blockchain, the differences between traditional FinTech and blockchain-integrated businesses, the challenges and benefits of going public, the company's growth strategies with capital, the state of DC legislation, if CLARITY will pass, and why the macro economy could help Figure with rate cuts likely coming soon. This episode is sponsored by Gemini: https://gemini.com/CIA Subscribe to the podcast on Spotify: https://open.spotify.com/show/2Y3bQRjEQtdlNx1fxmS8hB?si=813495451b9f4e4e Subscribe to the podcast on Apple: https://podcasts.apple.com/us/podcast/crypto-in-america/id1799000155 Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.This show is powered by Sei.Follow Crypto in America: https://x.com/CryptoAmerica_Follow Sei: https://x.com/SeiNetworkFollow our hostsJacquelyn: https://x.com/jacqmelinekGerald: https://x.com/thatgeraldEleanor: https://x.com/EleanorTerrettTIMESTAMPS:0:00 - Welcome Mike Cagney To Crypto In America! 0:32 - What Crypto In America Means To Mike1:46 - From SoFi to Figure2:54 - Blockchain's Role in Lending and Liquidity5:33 - Why Figure Went Public, Market Reactions9:44 - Utilizing Public Capital for Growth and Innovation12:00 - Navigating Volatility in Crypto Lending15:03-  Real-Time Data With Blockchain, Avoiding Data Revisions - Dealing With Regulators21:25 - Future of Blockchain in Financial Applications26:14 - Impact of Interest Rates At The Fed & Macro Economy27:24 - Regulatory Landscape In DC - Will Clarity Pass?29:51 - Thanks Mike For Joining! Like & Subscribe#crypto #bitcoin #blockchain #investing #technology #america