WEBVTT 1 00:00:00.200 --> 00:00:05.879 The SEC has dropped this investigation into the finance stable coin BUSD as well as 2 00:00:05.919 --> 00:00:09.800 stacks the Bitcoin Layer two solution. This comes a couple of weeks after they 3 00:00:09.880 --> 00:00:15.320 dropped the investigation against a theorem. It's Gary Genster capitulating and the SEC saw 4 00:00:15.439 --> 00:00:20.920 one two one. Situation gets really crazy as the SEC seems to be backtracking 5 00:00:21.199 --> 00:00:26.760 for their Wall Street buddies and Germany has finally finished selling their bitcoin. Does 6 00:00:26.800 --> 00:00:30.679 this mean bitcoin will start moving up again? We're going to break this down 7 00:00:30.679 --> 00:00:40.399 and much more. Let's get into it. Hey, everybody, welcome into 8 00:00:40.479 --> 00:00:45.640 the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. I'm your 9 00:00:45.679 --> 00:00:49.320 host, Tony Edward. On your way in, Please hit that subscribe button 10 00:00:49.359 --> 00:00:52.359 as well as the thumbs up button and leave a comment below. If you're 11 00:00:52.399 --> 00:00:56.240 listening on a podcast platform such as Spotify or Apple, please leave a five 12 00:00:56.280 --> 00:00:59.479 star rating and review. Folks, we have to start by taking a look 13 00:00:59.520 --> 00:01:04.040 at the price a bitcoin because Germany has officially run out of coins to sell. 14 00:01:04.319 --> 00:01:08.319 They are finished, guys, and this has been one of the factors 15 00:01:08.319 --> 00:01:12.680 that has been driving cell pressure and keeping bitcoin down. And I say one 16 00:01:12.840 --> 00:01:17.719 right, part of it is just the market correction and the cycles playing out, 17 00:01:17.760 --> 00:01:22.000 and you have some mount gock selling, but Germany was doing a significant 18 00:01:22.000 --> 00:01:26.680 amount of selling, folks. So Germany's government sells off all of its bitcoin 19 00:01:26.760 --> 00:01:32.959 holdings totaling two point nine billion dollars. So that is a major catalyst that 20 00:01:33.120 --> 00:01:37.239 is being removed that was suppressing your price. So we could see bitcoins start 21 00:01:37.280 --> 00:01:40.719 to move upwards. The r assigned, the daily is still looking bullish. 22 00:01:40.719 --> 00:01:45.159 It looks like we've hit that bottom. And there's other factors like the DXY 23 00:01:45.319 --> 00:01:49.680 continues to crash, so we know there's an inverse correlation there. And the 24 00:01:49.680 --> 00:01:53.000 stock market, the S and P five hundred and the NASNAC have been hitting 25 00:01:53.000 --> 00:01:56.959 new all time highs. All of these things are conducive to higher prices for 26 00:01:57.040 --> 00:01:59.879 bitcoin. But of course the market cycles have to play out, right. 27 00:02:00.239 --> 00:02:02.480 Nothing can go up in a straight line, and you have to understand Bitcoin's 28 00:02:02.480 --> 00:02:06.719 going to climb out of this higher highs, higher lows, and we will 29 00:02:06.799 --> 00:02:09.560 hit new all time highs. We are still in a bullmarket, folks, 30 00:02:09.639 --> 00:02:14.319 and the smart money, the whales have been buying. So here we got 31 00:02:14.319 --> 00:02:17.039 details that black Rock bought two thousand and seventy six bitcoin, which is about 32 00:02:17.039 --> 00:02:22.800 one hundred and twenty million dollars. So over the past month or so, 33 00:02:22.879 --> 00:02:27.319 they've been buying and buying and buying. And not only them, a lot 34 00:02:27.319 --> 00:02:30.879 of inflows have been going into the ETF. So Hunter Horseley of Bitwise Asset 35 00:02:30.960 --> 00:02:38.000 Management tweeted out twenty eight million dollar inflow into the Bitwise Bitcoin ETF today, 36 00:02:38.240 --> 00:02:42.479 just today, he says, forty seven million dollars total this week. And 37 00:02:42.560 --> 00:02:46.120 this is just this week. Last week they reported on different days, one 38 00:02:46.199 --> 00:02:49.639 day thirty million dollars, the next day forty million dollars, and so forth. 39 00:02:50.000 --> 00:02:53.919 Smart money buying a dip while retail is scared seeing the bullmarket's over same 40 00:02:53.960 --> 00:02:58.439 story, different cycle. I've seen it time and time again, and this 41 00:02:58.520 --> 00:03:00.520 is why I always tell you guys, look at the charge, look at 42 00:03:00.520 --> 00:03:04.520 the fundamentals, keep your emotions at the door. Let's move ahead, guys. 43 00:03:04.719 --> 00:03:07.840 Big day around the SEC. So Eleanor Tarota Fox Business did a great 44 00:03:07.919 --> 00:03:12.120 job of summarizing this, she says. In the last couple of weeks, 45 00:03:12.159 --> 00:03:17.280 the SEC has closed their investigations into several crypto firms, including Consensus and the 46 00:03:17.319 --> 00:03:22.840 Etherorem investigation, and just yesterday they dropped the busd stable coin, which is 47 00:03:22.879 --> 00:03:25.439 the finance stable coin which is issued by Paxos, saying it is not a 48 00:03:25.520 --> 00:03:30.599 security. And then Bitcoin Stack, so Stax is the layer two solution for 49 00:03:30.680 --> 00:03:36.280 Bitcoin, which is enabling smart contracts. I've had the founder Monibe on the 50 00:03:36.319 --> 00:03:40.520 podcast and he tweeted out the SEC drops a three year investigation into stacks with 51 00:03:40.680 --> 00:03:45.599 no action. He says, earlier this week we receive word from the SEC 52 00:03:45.639 --> 00:03:50.080 that after three years, they are terminating their investigation into the Stax blockchain, 53 00:03:50.319 --> 00:03:54.879 the protocol and hero system a company with no action. This is huge. 54 00:03:55.199 --> 00:04:00.280 There's many layers to this cake or onion. We got to peel back here. 55 00:04:00.840 --> 00:04:04.840 One is Gary Gainster and the SEC capitulating, given that there is political 56 00:04:04.840 --> 00:04:09.479 pressure probably coming in from the Democrats saying, hey, we're losing in all 57 00:04:09.479 --> 00:04:13.439 fronts right from the macro. Joe Biden is in a bad place right now. 58 00:04:13.759 --> 00:04:15.240 I'm not trying to get to political, but I'm just thinking the facts. 59 00:04:15.560 --> 00:04:19.319 And then Gary Ginster has been taking losses in the courts and you have 60 00:04:19.399 --> 00:04:26.240 the entire crypto industry countersuing him. Members of Congress have been calling him out, 61 00:04:26.560 --> 00:04:30.079 Democrats have turned against him, and Elizabeth Warren in the House and the 62 00:04:30.120 --> 00:04:33.199 Senate right to pass the FIT twenty one bill to repeal SAB one two one. 63 00:04:33.399 --> 00:04:36.680 So, as I've been saying, Gary Gainster and Elizabeth Warren on an 64 00:04:36.759 --> 00:04:42.600 island by themselves here because they're losing the support of their own party. So 65 00:04:42.879 --> 00:04:46.480 could this be some sort of Okay, we're going to take it easy, 66 00:04:46.519 --> 00:04:48.720 We're going to put out some good stuff here that we're not doing any enforcement 67 00:04:48.759 --> 00:04:54.120 actions to try to salvage some of the perception that they hate crypto and their 68 00:04:54.160 --> 00:04:58.199 anti crypto. But I think it's a little bit too late. Elizabeth Warren 69 00:04:58.319 --> 00:05:03.319 is the one who created the anti Crypto army campaign slogan and started building her 70 00:05:03.480 --> 00:05:06.839 army, right. It had Sharad Brown and all these clowns part of it. 71 00:05:08.360 --> 00:05:11.319 So I think it's a bit too late. But I think there's some 72 00:05:11.360 --> 00:05:15.360 capitulation here. The timing is just interesting, right, given that the Democrats 73 00:05:15.360 --> 00:05:18.160 are in a bad spot right now. You had Democrat Congressman Roe Kanna do 74 00:05:18.279 --> 00:05:23.480 a crypto roundtable this week to try to help the bind An administration to take 75 00:05:23.519 --> 00:05:27.920 it easy here. Right, Those things are not happening for fun. They're 76 00:05:27.920 --> 00:05:31.480 happening because Democrats are hitting the panic button here. Mike see Legg, who 77 00:05:31.639 --> 00:05:38.000 is a partner at Wilkie Farre, says another sec loss hero sold STX, 78 00:05:38.040 --> 00:05:43.360 that's the STACKS token in a regulated a securities offering, then declared SDX a 79 00:05:43.480 --> 00:05:49.399 non security. Given stx networks decentralization, sec is now dropping an investigation into 80 00:05:49.519 --> 00:05:57.639 STX, seemingly conceding tokens sold in a securities offering aren't necessarily themselves securities. 81 00:05:58.279 --> 00:06:00.839 Huge win. This goes back to the rule from Judge Torres in the Ripple 82 00:06:00.879 --> 00:06:05.600 case. Right, the tokens themselves are intrinsically not a security. It depends 83 00:06:05.680 --> 00:06:10.160 how they're offered up. It depends on the contract, just like in the 84 00:06:10.240 --> 00:06:14.079 Howie case, going back to the nineteen thirties and forties, it wasn't the 85 00:06:14.279 --> 00:06:17.279 oranges, the oranges you get off a tree or in the supermarket, or 86 00:06:17.360 --> 00:06:21.800 you have in your home. It's not an orange tree that's somewhere in Florida, 87 00:06:23.279 --> 00:06:30.240 but rather how he's packaging of those orange groves that caused the security alarm 88 00:06:30.279 --> 00:06:32.920 bells to go up. Right, But Genser has been on a tear, 89 00:06:33.079 --> 00:06:38.639 lying, ignoring the law, ignoring common sense, because as I've been stating 90 00:06:38.879 --> 00:06:43.480 he has been weaponized by the trad fying comments to kill crypto startups and to 91 00:06:43.600 --> 00:06:47.240 stop these companies. Not kill crypto, because notice that black Rock, JP 92 00:06:47.399 --> 00:06:51.560 Morgan and all these folks are using crypto. They're using the blockchain technology. 93 00:06:51.720 --> 00:06:56.839 So it's not to kill that technology. It's to let these trad fy incumbents 94 00:06:56.920 --> 00:07:00.160 catch up. That's the whole game, folks. It's not specific to the 95 00:07:00.160 --> 00:07:05.519 crypto industry. We know that many big companies in different industries they pay politicians, 96 00:07:05.600 --> 00:07:10.040 right, they lobby, they do campaign donations. Well, the crypto 97 00:07:10.079 --> 00:07:13.240 industry was like, we're not going to allow this anymore. They raised over 98 00:07:13.279 --> 00:07:16.560 one hundred and sixty million dollars and they started going after the anti crypto people. 99 00:07:16.639 --> 00:07:19.839 So, guys, this is huge. And here's what some other people 100 00:07:19.879 --> 00:07:26.079 are saying about the BUSD situation. Tyler Winkebol said, the SEC and Gary 101 00:07:26.120 --> 00:07:30.120 Genser are starting to get tired of losing. They just gave up on their 102 00:07:30.199 --> 00:07:34.079 sham investigation into the Paxos stable coin. I wonder if the SEC will reimburse 103 00:07:34.120 --> 00:07:40.199 Paxos for tens of millions of dollars they must have cost the time and expense 104 00:07:40.560 --> 00:07:45.639 with this bullying and harassing behavior. Gary Ginser and his SEC are a national 105 00:07:45.680 --> 00:07:50.759 embarrassment and abomination. A metalaw Man retweeted Tyler and says, and remember the 106 00:07:50.800 --> 00:07:56.680 SEC did not just spontaneously come to its senses that BUSD stable coin is not 107 00:07:56.759 --> 00:08:01.480 a security. Exactly two weeks ago, Judge Berman accent ruled in the Binance 108 00:08:01.560 --> 00:08:07.079 case that the SEC had failed to articulate any plausible claim that busd is a 109 00:08:07.120 --> 00:08:11.720 security. So, guys, two massive wins, one on the stable coin 110 00:08:11.800 --> 00:08:16.920 front and one on the token itself being a security front. Right stax They 111 00:08:16.959 --> 00:08:20.680 pretty much say stx is not a security. And from a stable coin standpoint, 112 00:08:20.839 --> 00:08:24.160 remember, Gary Ginster was hinting over the years that stable coins could be 113 00:08:24.199 --> 00:08:30.240 securities, which is completely asinine. But guys, we're winning. As I've 114 00:08:30.279 --> 00:08:33.480 been saying for a long time, Gary Ginsterer and Elizabeth Warren are on the 115 00:08:33.519 --> 00:08:37.559 losing side of history now. Ripple CEO Brad Garlinghouse highlighted that tomorrow is the 116 00:08:37.559 --> 00:08:43.279 anniversary of Judge Torres ruling that XRP is not a security. He says, 117 00:08:43.440 --> 00:08:46.039 on July thirteen, twenty twenty three, that day was a very good day 118 00:08:46.039 --> 00:08:50.080 for Ripple and the entire industry and for me personally, a core memory. 119 00:08:50.120 --> 00:08:56.200 We had the conviction to fight the bully that has harassed and executed an unlawful 120 00:08:56.240 --> 00:08:58.320 war on our industry. As I said, when it started, I knew 121 00:08:58.360 --> 00:09:01.399 we were on the right side of the law and that we would be on 122 00:09:01.440 --> 00:09:05.879 the right side of history. In the year since, Gary Ginser's SEC has 123 00:09:07.000 --> 00:09:11.279 ramped up its war on crypto with the false belief that they could smother this 124 00:09:11.399 --> 00:09:16.200 technology and industry with failed lawsuits, false rhetoric, slander and intimidation. They 125 00:09:16.200 --> 00:09:20.879 were wrong then and they are wrong now. Well put so, guys, 126 00:09:20.960 --> 00:09:24.360 we're winning. The battles still rages, of course, but I think we're 127 00:09:24.399 --> 00:09:28.360 seeing some capitulation here from Genser and the SEC. Now. Quick word from 128 00:09:28.360 --> 00:09:31.360 our sponsor, and that is Bitgo. Bit goes one of the top tier 129 00:09:31.440 --> 00:09:35.960 custodians in the crypto industry. Guys, they're working with many big companies and 130 00:09:37.039 --> 00:09:41.879 brands across different industries. So they work with Pantera Capital, Thats Dan Morehead, 131 00:09:41.879 --> 00:09:46.360 bitsdamp Exchange, Bitcoin Ira, Nike uses bitgo for its wallet services for 132 00:09:46.440 --> 00:09:52.120 their NFTs and the services that bitco provides includes hot wallets, custodial wallets, 133 00:09:52.200 --> 00:09:56.279 self managed cold wallets and NFT wallets. If we'd like to learn more about 134 00:09:56.320 --> 00:10:00.559 bitgo, go to bitgo dot com. Link will be in a descript Now, 135 00:10:00.600 --> 00:10:03.759 guys, there's been a lot of drama around the SAB one two one 136 00:10:03.799 --> 00:10:09.279 situation right that essentially de facto prevents the banks from being able to hold crypto 137 00:10:09.360 --> 00:10:13.159 directly. For example, Bny Mellon can't custody any of the bitcoin for any 138 00:10:13.159 --> 00:10:16.399 of the ETFs because there's no clarity. And then the SEC tried to put 139 00:10:16.440 --> 00:10:20.759 this unlawful rule in place, which we know the Government Accountability Office said, 140 00:10:20.879 --> 00:10:24.320 hey, Congress has to make these rules, not you, guys, and 141 00:10:24.440 --> 00:10:28.039 Democrats sided with Republicans to repeal this in the House and send it. But 142 00:10:28.159 --> 00:10:33.399 Biden ultimately vetoed it. And the reason he vetoed it is not because he 143 00:10:33.480 --> 00:10:37.480 knows anything about crypto, is because Elizabeth Warren probably made the call and said, 144 00:10:37.480 --> 00:10:39.559 hey, don't just veto this thing, right, Because remember she sent 145 00:10:39.600 --> 00:10:43.879 a letter out when the Senate was going to vote, and we were all 146 00:10:43.919 --> 00:10:46.720 like, wait, why is she sending this letter out? Because she knew 147 00:10:48.000 --> 00:10:52.159 the Democrats had turned against her, but she still had Biden in her back 148 00:10:52.159 --> 00:10:56.120 pocket. Well, Eleanor tarryt to Fox Business Is reporting the following. She 149 00:10:56.200 --> 00:11:00.600 says, I reached out to the SEC to ask about the Can you report 150 00:11:00.679 --> 00:11:05.679 that the staff has created exceptions for certain banks and broker dealers to custody crypto 151 00:11:05.759 --> 00:11:11.240 assets. Oh exceptions, you say, Oh little little Gary Ginster working for 152 00:11:11.320 --> 00:11:16.039 his Goldman Sacks Wall Street buddies here, as spokesperson tells me that SAB one 153 00:11:16.080 --> 00:11:22.799 to one guidance remains unchanged, but that certain broker dealers and custody banks have 154 00:11:22.080 --> 00:11:28.919 sufficiently demonstrated to the SEC staff that their fact patterns are different from those described 155 00:11:28.919 --> 00:11:33.960 in SAB one two one, such as ensuring that customers maintain ownership of their 156 00:11:33.000 --> 00:11:37.960 assets even in the case of a resolution or bankruptcy. Separately, I'm also 157 00:11:39.039 --> 00:11:43.399 told not by the SEC spokesperson that because SAB one to one is accounting staff 158 00:11:43.440 --> 00:11:48.600 guidance, not a rule, the Commission has not been privy to the substance 159 00:11:48.639 --> 00:11:54.320 of the discussion staff has had with certain banks and broker dealers about this and 160 00:11:54.440 --> 00:11:58.000 are currently working to figure that out. Folks, Gary Ginser, you know, 161 00:11:58.120 --> 00:12:03.240 trying to help those I had five buddies trying to, like I said, 162 00:12:03.360 --> 00:12:05.480 kill the crypto startup so they can come in and take over. Caitlyn 163 00:12:05.559 --> 00:12:11.799 Long weighed in on this. She said SEC leadership extracts revenge on the crypto 164 00:12:11.879 --> 00:12:16.360 industry one day after Rocanna's White House session by giving the Big Bang special exceptions 165 00:12:16.559 --> 00:12:22.519 from SAB one to one while sidelining crypto companies still subject to it. How 166 00:12:22.639 --> 00:12:30.120 are progressives okay with such corporate favoritism? Great question, But guys, this 167 00:12:30.279 --> 00:12:33.440 is why I call Gary Genser a scumbag regulator. I don't call him that 168 00:12:33.720 --> 00:12:39.600 just for hyperbole or for jokes. That's what I truly believe. We're dealing 169 00:12:39.600 --> 00:12:43.440 with. A scumbag. This guy doesn't respect the law, he doesn't respect 170 00:12:43.440 --> 00:12:48.519 the SEC's mission. He just respects what his masters on Wall Street at telling 171 00:12:48.679 --> 00:12:52.000 him, what Elizabeth Warren is telling him. And that's what we're dealing with. 172 00:12:52.039 --> 00:12:54.679 And this is why I keep telling you we got to fight. Use 173 00:12:54.720 --> 00:12:58.320 social media to your advantage, Call up your representatives, make content and just 174 00:12:58.360 --> 00:13:05.000 put the pressure expose against her. Retweet the facts, amplify the facts that 175 00:13:05.000 --> 00:13:07.840 we're putting out, because this is a part of it is a game of 176 00:13:07.960 --> 00:13:11.279 narratives, and he's trying to put the narratives out there that are false. 177 00:13:11.320 --> 00:13:13.960 He's trying to paint the industry in a certain negative way, right, But 178 00:13:15.039 --> 00:13:16.559 we're not gonna let it happen, guys. All right, moving ahead, 179 00:13:16.600 --> 00:13:22.519 we got some interesting updates here with Tornado Cash. So Amanda Tuminelli of the 180 00:13:22.559 --> 00:13:28.279 Defied Education Fund a head her on the pod not too long ago. Apparently 181 00:13:28.320 --> 00:13:35.000 the judge grants the delay of the Tornado Cash trial, and Amanda says this 182 00:13:35.120 --> 00:13:39.799 part. Judge Falia asks whether the charges were comparable to criminally charging the creators 183 00:13:39.879 --> 00:13:46.120 of WhatsApp because criminals used it. If Tornado Cash has a thousand customers and 184 00:13:46.240 --> 00:13:52.480 one is a bad actor, are they criminally liable? Boom exactly. Logic 185 00:13:52.720 --> 00:13:56.960 is winning here, right once again. The people who are attacking Tornado Cash 186 00:13:58.039 --> 00:14:01.159 are some of the Elizabeth Warren Crowe who are in different parts of the federal 187 00:14:01.200 --> 00:14:07.559 government. And you can't go after the creator of the platform and hold him 188 00:14:07.559 --> 00:14:13.200 accountable for everything that goes wrong because bad actors exist. They exist in every 189 00:14:13.200 --> 00:14:18.080 industry. You can't go after the platform and the person who created it because 190 00:14:18.120 --> 00:14:20.759 you had some bad actor use it for a bad purpose, because there are 191 00:14:20.759 --> 00:14:24.720 people using it for good purposes. So I'm glad the judge is calling this 192 00:14:24.799 --> 00:14:28.960 out. This is a pretty big win. Now moving ahead, Jake Trawirsky 193 00:14:30.279 --> 00:14:35.320 said something which I thought was pretty spot on. He says, if someone 194 00:14:35.399 --> 00:14:39.919 other than Joe Biden wins the presidency, whoever that might be, US crypto 195 00:14:39.039 --> 00:14:45.200 policy could look wildly different in twenty twenty five. As a result, many 196 00:14:45.240 --> 00:14:48.960 crypto companies are delaying their products, tokens, et cetera until after the election 197 00:14:50.559 --> 00:14:56.440 this summer, maybe even quieter than usual. Hmmm. I think that that's 198 00:14:56.440 --> 00:15:01.240 a solid point there. We could see companies hold on until the elections are 199 00:15:01.279 --> 00:15:03.919 over to see maybe Donald Trump wins, maybe someone else comes in in Biden 200 00:15:03.960 --> 00:15:09.440 instead, who is not as crazy about crypto, who ignores Elizabeth Warren. 201 00:15:09.559 --> 00:15:15.519 So let's see what happens here, folks. But interesting development there now, 202 00:15:15.639 --> 00:15:20.559 the ethereum spot ETFs. Everybody's waiting for this. Nate Garraci of the ETF 203 00:15:20.639 --> 00:15:26.399 Store said, it appears the SEC's playing the spot etheroreum ETFs one similar to 204 00:15:26.440 --> 00:15:31.399 the nineteen b Dash Force. Extremely tight lipped, still think approval next week, 205 00:15:31.720 --> 00:15:35.639 Absolutely no reason to delay. Eric Balachin has weighed in on this, 206 00:15:35.720 --> 00:15:39.879 says, yeah, right, now it's all quiet on the western front regarding 207 00:15:39.919 --> 00:15:43.759 the ETFs. Nada from the SEC this week. Unclear why they are taking 208 00:15:43.840 --> 00:15:48.399 such sweet ass time. Every issuer is ready, docs are ready. It's 209 00:15:48.440 --> 00:15:52.519 like a rain delay in baseball. Got to just wait. Maybe things will 210 00:15:52.559 --> 00:15:56.720 move fast next week we'll see. So essentially there are no roadblocks here. 211 00:15:56.799 --> 00:16:00.879 Everything is in all the issuers did what they have to do, made their 212 00:16:00.919 --> 00:16:06.120 amendments of the other applications, and I've been saying we could see something by 213 00:16:06.120 --> 00:16:08.039 the middle of the month. The fifteenth would be I think it's Monday. 214 00:16:08.320 --> 00:16:12.279 If I'm not mistaken yet, it'll be Monday. So we could see as 215 00:16:12.279 --> 00:16:18.000 soon as next week the approvals of these et apps. Germany has finished selling 216 00:16:18.039 --> 00:16:21.639 their bitcoin, so we could see the market rally off of this. I'm 217 00:16:21.639 --> 00:16:25.600 not saying new all time highs, just bounce and do a reversal of v 218 00:16:25.639 --> 00:16:30.000 shape recovery out of this pullback, so be prepared, guys. I think 219 00:16:30.120 --> 00:16:33.480 that could be a catalyst and we could see the approvals next week. That's 220 00:16:33.519 --> 00:16:38.679 not a guarantee, obviously, and we'll have to wait and see final item 221 00:16:38.720 --> 00:16:44.120 here. There's some big news around Abra, the crypto app and I had 222 00:16:44.159 --> 00:16:48.279 Bill Barheid, the founder on I Think, a couple months ago, but 223 00:16:48.440 --> 00:16:53.200 essentially crypto trading platform ABRA said it had acquired several private cryptocurrency trusts from Valkyrie 224 00:16:53.279 --> 00:16:59.440 Investments. So Bill tweeted out saying they acquired trusts including Bitcoin, Tron and 225 00:16:59.559 --> 00:17:03.799 Zilica. So he says, stay tuned. So it sounds sounds like big 226 00:17:03.840 --> 00:17:08.160 stuff. These are signs of a bullmarket, guys. Liquidity coming in mergers, 227 00:17:08.240 --> 00:17:12.640 acquisitions, partnerships, global expansions. So this is why I look at 228 00:17:12.640 --> 00:17:18.160 the market holistically, charts, fundamentals, what are players doing, what's the 229 00:17:18.240 --> 00:17:22.640 global liquidity look like? And all these things. So very bullish news, 230 00:17:22.920 --> 00:17:25.240 guys, Let me know what you think. Leave your thoughts in comments below. 231 00:17:25.440 --> 00:17:29.720 Do you think Gary Ginster and the SEC are capitulating here given they're losing 232 00:17:29.799 --> 00:17:33.880 the outside pressure of the Democrats in Biden's situation right now, let me know 233 00:17:33.920 --> 00:17:37.359 what you think, And guys, don't forget to grab a copy of my 234 00:17:37.440 --> 00:17:41.440 book, Rethinking Crypto. Grab a copy to support the podcasts. It's available 235 00:17:41.440 --> 00:17:45.079 in paperback and digital on Amazon. Also, grab a couple copies for your 236 00:17:45.079 --> 00:17:48.119 friends and family who want to learn about crypto. If you've bought a copy 237 00:17:48.119 --> 00:17:52.720 already. Please please please leave a rating, a review. It would really 238 00:17:52.759 --> 00:17:55.799 help me out. Thank you guys. I appreciate you all, and I'll 239 00:17:55.839 --> 00:18:04.279 talk to you all later. Tatt