WEBVTT

1
00:00:07.639 --> 00:00:12.240
Everybody, Welcome into the Thinking Crypto
podcast. You're home for your cryptocurrency news

2
00:00:12.240 --> 00:00:15.679
and interviews. On your way in, please hit that subscribe button as well

3
00:00:15.679 --> 00:00:18.600
as the thumbs up button and leave
a comment below. If you're listening on

4
00:00:18.600 --> 00:00:22.800
a podcast platform such as Spotify or
Apple, please leave a five star rating

5
00:00:22.879 --> 00:00:25.440
and review. Well, folks,
we've got to start off with the big

6
00:00:25.480 --> 00:00:28.760
news, and that is Consensus,
which is the firm that works on the

7
00:00:29.000 --> 00:00:34.439
development of Etherorem. They have filed
a lawsuit against the SEC because the SEC

8
00:00:34.560 --> 00:00:38.920
we know, is trying to categorize
Etherorem as a security. We heard rumors

9
00:00:39.200 --> 00:00:44.079
over the past month that they were
investigating the Theorem foundation, and we've been

10
00:00:44.119 --> 00:00:49.280
talking about it for years that Gary
Genser, scumbag regulator Gary Ginser refuses to

11
00:00:49.359 --> 00:00:53.799
echo the statements of Jay Clayton and
Bill Himmon that etherorem is not a security,

12
00:00:53.880 --> 00:00:58.159
so it's really messy. And of
course the CFTC views Etherorem as a

13
00:00:58.159 --> 00:01:00.439
commodity. So this is so messy. This this is why we need regulations.

14
00:01:00.479 --> 00:01:04.840
We need Congress to act because you
have this rogue regulator that is Gary

15
00:01:04.879 --> 00:01:11.000
Gainser just doing all types of nonsense
and I've been saying that I don't think

16
00:01:11.120 --> 00:01:15.760
Gary necessarily wants to classify eth as
a security, but rather he wants to

17
00:01:15.120 --> 00:01:19.920
delay the Etheroreum's BODYTF Now, I
could be wrong because there are some moving

18
00:01:19.959 --> 00:01:25.959
pieces here with Prometheum, and they
got the license to custody Etheroreum as a

19
00:01:26.040 --> 00:01:30.120
security. I had Aaron Kaplan of
Prometheum on the podcast and he was echoing

20
00:01:30.239 --> 00:01:36.239
Gainser's statements of these things are all
digital asset securities, and that's a term

21
00:01:36.519 --> 00:01:38.879
Gary Genser coined. So what a
mess. But let me give it a

22
00:01:38.959 --> 00:01:44.799
details. Here they said, today
Consensus file a lawsuit against the Securities in

23
00:01:44.840 --> 00:01:49.239
Exchange Commission. The goal behind this
is to ensure that the etherorem remains a

24
00:01:49.359 --> 00:01:55.519
vibrant and indispensable blockchain platform and to
preserve access for the countless developers, market

25
00:01:55.519 --> 00:02:00.799
participants, and institutions who have a
stake in the world's second large blockchain.

26
00:02:00.159 --> 00:02:05.280
And they added the hashtag eth for
all. They said here, we took

27
00:02:05.319 --> 00:02:08.680
this step for two basic reasons.
Number one, the SEC should not be

28
00:02:08.759 --> 00:02:15.159
allowed to arbitrarily expand its jurisdiction to
include regulating the future of the Internet by

29
00:02:15.199 --> 00:02:20.439
wrongly labeling eth as a security.
And number two, the SEC's reckless approach

30
00:02:20.520 --> 00:02:24.439
is bringing chaos to developers, market
participants, institutions, and nations who are

31
00:02:24.439 --> 00:02:30.840
building or already managing critical systems running
on the etheroreum. Now they continue into

32
00:02:30.039 --> 00:02:34.960
their reasons and so forth. But
that's the TLDR and I'm glad they're doing

33
00:02:34.960 --> 00:02:38.840
this. Recently, I had Bill
Hughes, who's a lawyer at Consensus.

34
00:02:38.840 --> 00:02:40.919
I interviewed him. You know,
I upload that interview six days ago.

35
00:02:40.919 --> 00:02:44.240
If you haven't seen it, be
sure to check it out. We talk

36
00:02:44.319 --> 00:02:47.520
about what the SEC is trying to
do here in categorizing ETH as a security.

37
00:02:47.960 --> 00:02:53.599
I personally think this is a delayed
tactic to push back that etherorem SPOTTYTF

38
00:02:53.599 --> 00:02:58.800
because the deadline is May twenty third, and you just see this mess though,

39
00:02:58.879 --> 00:03:01.240
right the SEC is soon the industry, the industry suing the SEC,

40
00:03:01.719 --> 00:03:07.159
and it's just all a mess.
But we need Congress to act because we're

41
00:03:07.199 --> 00:03:10.280
all just going to be back and
forth in litigation. Now. Don't get

42
00:03:10.280 --> 00:03:15.240
me wrong. This is where the
balance and the checks and balances comes in

43
00:03:15.319 --> 00:03:19.240
because the SEC has been taking some
big losses because they've been lying to the

44
00:03:19.280 --> 00:03:23.800
courts. They've been acting arbitrary and
capricious and just doing unlawful activities, so

45
00:03:23.840 --> 00:03:27.360
they're getting exposed. So that's a
good thing, right, because we want

46
00:03:27.360 --> 00:03:30.240
these government agencies who are supposed to
be the good guys to abide by the

47
00:03:30.319 --> 00:03:35.039
law. They're taking our tax dollars
and operating, so they should at least

48
00:03:35.080 --> 00:03:39.960
treat us fairly within the law versus
the puppet masters who donate money to them.

49
00:03:40.360 --> 00:03:44.599
So we got to fight here,
folks. There's a bigger theme here,

50
00:03:44.639 --> 00:03:47.439
and that is accountability by the government
and to push back against these rogue

51
00:03:47.479 --> 00:03:53.439
agencies which have done incredible government overreach. So fascinating what's happening. Like I

52
00:03:53.439 --> 00:03:57.840
said, check out my interview with
Bill Hughes. So a lot of folks

53
00:03:57.840 --> 00:04:01.319
are weighing in on this. Paul
grad Wall of Coinbase Chief Legal Officers said,

54
00:04:01.439 --> 00:04:04.639
I know eth is a commodity.
You know eth is a commodity.

55
00:04:04.680 --> 00:04:09.280
The c FDC knows eth is a
commodity. It's time for the SEC to

56
00:04:09.319 --> 00:04:13.400
admit that it still knows eth is
a commodity too. No more games.

57
00:04:13.479 --> 00:04:18.000
Thank you Consensus for standing up against
the SEC's unlawful expansion of authority. So

58
00:04:18.639 --> 00:04:23.920
we also have the Blockchain Association weighing
in on this, giving a full statement.

59
00:04:24.199 --> 00:04:28.519
Their CEO Kristen Smith also weighing in, talking about, Look, you

60
00:04:28.519 --> 00:04:32.720
know this is overreach by the SEC
and consensuses. Lawsuit seeks to defend the

61
00:04:32.720 --> 00:04:39.279
ecosystem and much more. Now,
folks, it's not that simple because we

62
00:04:39.439 --> 00:04:44.240
know, and I'll quote Stephen Narryoff
here in his tweet, that Bill Hinman

63
00:04:44.759 --> 00:04:48.519
was compromised. He had conflicts of
interest, so that's a fact, and

64
00:04:48.639 --> 00:04:51.879
he was warned by the SEC Ethics
Office. And there's people who try to

65
00:04:51.920 --> 00:04:55.759
cover this up and sweep it out
and under the rug. But we have

66
00:04:55.839 --> 00:05:00.480
to call it what it is.
And I'm not so much angry at Joe

67
00:05:00.560 --> 00:05:06.519
Lubin the or the etherorem folks,
because it was the SEC agency which was

68
00:05:06.560 --> 00:05:12.120
compromised. They take my tax dollars, not Joe Lubin and so forth right.

69
00:05:13.319 --> 00:05:15.680
If you want to call him a
bad actor, fine, right,

70
00:05:15.839 --> 00:05:18.879
and bad actors exist, but we
at least want the government to abide by

71
00:05:18.959 --> 00:05:23.560
the law and not be bribe and
not do all these unlawful activities. So

72
00:05:24.000 --> 00:05:29.040
Steven Nariov was of course part of
the creation of the Etheroreum ICO. I

73
00:05:29.079 --> 00:05:32.240
interviewed him about a month ago.
He said, Joseph Lubin and Consensus have

74
00:05:32.600 --> 00:05:36.759
filed a lawsuit against the SEC to
ensure that etherorem is not the cleator security.

75
00:05:38.399 --> 00:05:41.519
Joe Lubin, do you recall when
you wrote the terms and conditions?

76
00:05:41.519 --> 00:05:44.959
He tagged him by the way,
and they purchased agreement in twenty fourteen.

77
00:05:45.319 --> 00:05:49.639
Lubin's significant buying during the ICO amounted
to securities fraud one oh one and also

78
00:05:50.000 --> 00:05:56.680
transformed Ether into a security Gary Genso
later confirmed this by stating Lubin bought nine

79
00:05:56.720 --> 00:05:59.800
point five percent of the ICO.
So he continues, you know, to

80
00:05:59.800 --> 00:06:01.720
talk about Lubin met with Bill Hinman. We know how that went. He

81
00:06:01.800 --> 00:06:06.079
mentioned here Prometheum they got their license, of course in February of this year.

82
00:06:06.519 --> 00:06:11.879
And much more so, he's essentially
trying to say that this is the

83
00:06:11.920 --> 00:06:15.000
SEC coordinating with Lubin and so forth
to try to put up some smoke and

84
00:06:15.079 --> 00:06:18.279
mirrors here. I don't know all
the details, you know, because I

85
00:06:18.720 --> 00:06:24.279
wasn't there. Steven Arroyoff obviously was, So I'll take him at his word,

86
00:06:24.399 --> 00:06:28.160
but you know, we'll see how
this plays out at the end of

87
00:06:28.199 --> 00:06:31.560
the day, what we need is
Congress to act to provide clarity because it's

88
00:06:31.600 --> 00:06:34.680
just a mess and people are going
to keep suing each other. This one's

89
00:06:34.720 --> 00:06:38.240
going to come up with this narrative, this one's going to say this story.

90
00:06:38.800 --> 00:06:42.360
So it's getting very messy, like
where does this even end? And

91
00:06:42.959 --> 00:06:46.040
you know, one of the things
I spoke to Bill Hughes about at Consensus

92
00:06:46.079 --> 00:06:50.399
is that if the SEC denies the
etherorem' spot ETF, they could get sued

93
00:06:50.439 --> 00:06:56.240
by Fidelity, black Rock and many
of the Etheroreum etf issuers. It's no

94
00:06:56.319 --> 00:07:00.759
longer just grayscale like it was in
the Bitcoin ETF case. So Gary,

95
00:07:00.920 --> 00:07:04.199
I don't think he wants these problems, but we'll see where this goes.

96
00:07:04.240 --> 00:07:08.720
There's something cooking up here. I
don't trust Gary, I don't trust Prometheum,

97
00:07:08.800 --> 00:07:12.839
I don't trust Joe Lubin once again. But my ripe mainly is with

98
00:07:12.920 --> 00:07:17.079
the government agency because that's being funded
by my tax dollar. So I've been

99
00:07:17.079 --> 00:07:21.000
on record saying that, and we'll
see where this goes. Now, what's

100
00:07:21.040 --> 00:07:25.519
interesting is that eth is trending here. The data is brought to you by

101
00:07:25.720 --> 00:07:30.680
Sentiment, which does social media metrics
and sentiment about different crypto coins. So

102
00:07:30.720 --> 00:07:32.680
if you want to sign up for
a pro account, you can check out

103
00:07:32.720 --> 00:07:35.800
the LinkedIn and description. You can
get a discount using the code thinking crypto

104
00:07:36.279 --> 00:07:42.560
so eth though, even though this
news is popping up, is trending positively,

105
00:07:42.879 --> 00:07:45.399
I guess because the investors see this
is a good thing going on the

106
00:07:45.399 --> 00:07:49.319
offensive against the SEC. Coming in
at number two is Amp with positive sentiment.

107
00:07:50.000 --> 00:07:54.240
Number three baby dos Coin, a
meme coin coming in with a positive

108
00:07:54.279 --> 00:07:59.319
sentiment. Vello comes in at number
four with positive sentiment. Eos Wow a

109
00:07:59.360 --> 00:08:03.000
blasphom pass. This thing was essentially
dead, but it's still here. I'm

110
00:08:03.040 --> 00:08:09.279
not invested in it, but it
has high positive sentiment. Chronoscro crypto dot

111
00:08:09.279 --> 00:08:13.279
COM's coin coming in with positive sentiment, Bunk another meme coin coming in with

112
00:08:13.360 --> 00:08:18.560
positive sentiment, and number seven Masa. I've not heard of this. This

113
00:08:18.600 --> 00:08:22.360
token comes in at number eight with
positive sentiment. Doge Coin another meme coin

114
00:08:22.480 --> 00:08:28.360
coming in at number nine with positive
sentiment, and BnB coming in at number

115
00:08:28.360 --> 00:08:31.440
ten with positive sentiment. So those
are you top ten trending tokens on social

116
00:08:31.480 --> 00:08:35.360
media data brought to you by Sentiment
Now folks, We've got some interesting news

117
00:08:35.440 --> 00:08:43.279
that Ripple is using USDT the stable
coin. It's fascinating and I think this

118
00:08:43.360 --> 00:08:46.080
has to do with the lawsuit.
Right They were kind of forced to step

119
00:08:46.120 --> 00:08:50.720
away from XRP a little bit during
that period. In crypto. Eddie,

120
00:08:52.000 --> 00:08:56.399
who has a great channel you can
check out her channel, highlighted an email

121
00:08:56.480 --> 00:09:01.600
here from Monica Long of Ripple saying
that they took steps to mitigate each US

122
00:09:01.720 --> 00:09:07.320
based ODL customer from using Excorp as
the bridge in the ODL to using USDT

123
00:09:09.159 --> 00:09:13.200
or the contract was terminated. We
should continue to use USDT or Bitcoin or

124
00:09:13.200 --> 00:09:20.320
other vetted stable coins for US based
flows unless otherwise approved by legal So you

125
00:09:20.320 --> 00:09:22.879
know, this has to do with
the lawsuit. I understand why they pivoted,

126
00:09:22.240 --> 00:09:26.200
but I think the key point here
and I always keep it real with

127
00:09:26.240 --> 00:09:28.960
you guys. I don't have a
hidden agenda. You know some people have

128
00:09:28.960 --> 00:09:33.879
a hidden agenda. They spread foot
about Tether and USDT. I've interviewed the

129
00:09:33.919 --> 00:09:39.960
CEO Tether. I've found their attestations
and their audits which appear on the website

130
00:09:39.000 --> 00:09:43.879
to be legit. They got a
big endorsement from Howard Lutnick, the CEO

131
00:09:45.039 --> 00:09:48.120
of Canthor Fitzgerald firm that's been on
Wall Street forever, and he said at

132
00:09:48.200 --> 00:09:54.159
Davos they have the money. So
I think with all the details that Teather

133
00:09:54.240 --> 00:09:56.039
has done and cleaned up their books
and they're in I think they're in a

134
00:09:56.080 --> 00:10:01.240
better place now that even a company
like Ripple is using u SDT. So,

135
00:10:01.720 --> 00:10:05.279
you know, crypto Eddie called out
the folks who are spreading fud and

136
00:10:05.360 --> 00:10:09.879
lying and saying, you know,
you know those channels claiming usdt's a scam,

137
00:10:11.039 --> 00:10:13.399
oh the twist of life, and
you know you're pretty much talking about

138
00:10:13.919 --> 00:10:20.200
some XRP maximalists who do this.
So, guys, this is why you

139
00:10:20.240 --> 00:10:22.720
always do your own research and don't
just listen to stories and people. Go

140
00:10:22.799 --> 00:10:26.559
do your research. Even what I'm
telling you, validate it, And I

141
00:10:26.600 --> 00:10:31.639
have confidence saying that because I don't
have a hidden agenda. You can go

142
00:10:31.879 --> 00:10:35.799
read up this email, go check
out the article and see that indeed this

143
00:10:35.840 --> 00:10:39.600
is fact right, it's not a
lie. I'm not trying to blow smoke

144
00:10:39.720 --> 00:10:43.360
up here you know where, or
gaslight you or anything. I'm here to

145
00:10:43.440 --> 00:10:46.120
make money and I'm telling you what
I'm doing. I'm sharing the facts and

146
00:10:46.159 --> 00:10:50.639
the news and the reporting here,
so and Tether. Here's a report that

147
00:10:50.679 --> 00:10:56.080
actually came out yesterday. Tether will
freeze while it's evading Venezuelan sanctioned. So

148
00:10:56.120 --> 00:11:01.919
Tether's actually been working with governments to
stop bad actors, and that's what you

149
00:11:01.960 --> 00:11:07.919
want to see from the world's largest
stable coin issuer. They are working with

150
00:11:07.080 --> 00:11:13.159
different folks. So use of Tether
has increased in Venezuela after the US reimposed

151
00:11:13.200 --> 00:11:18.000
sanctions on oil exports, so the
firm froze forty one wallets tied to the

152
00:11:18.120 --> 00:11:24.799
US Treasury Department's Office of Foreign Assets
Control specifically designated nationals list in December.

153
00:11:24.360 --> 00:11:28.440
So again they're working with the governments. They have cleaned up their books,

154
00:11:28.440 --> 00:11:31.679
they're doing the attestations, they've done
audits. Go on their website and check

155
00:11:31.720 --> 00:11:35.960
it out. And they're getting endorsements
from Wall Street firms. So I think

156
00:11:35.000 --> 00:11:39.240
Tether isn't a better place now.
I always keep it real with you guys.

157
00:11:39.320 --> 00:11:43.200
I don't think things were in a
good place years ago. I'm talking

158
00:11:43.279 --> 00:11:46.639
like four or five years ago,
or maybe you know what five six years

159
00:11:46.679 --> 00:11:48.120
ago, I would say, And
when it was a bit of the wild

160
00:11:48.200 --> 00:11:52.159
west of the crypto market, and
I've had, like I said, represented

161
00:11:52.240 --> 00:11:54.720
some tethers, a couple on the
podcasts. I've interviewed them and asked them

162
00:11:54.759 --> 00:11:58.799
the hard questions and so forth.
And like I said, my most recent

163
00:11:58.879 --> 00:12:03.200
interview was with the CEO Tether,
Paolo r Emos, So be sure to

164
00:12:03.279 --> 00:12:05.440
check out at interview. It's a
pretty good one, ri folks. Quick

165
00:12:05.440 --> 00:12:09.519
word from our sponsor and that is
bitgo. Big Goes one of the top

166
00:12:09.600 --> 00:12:15.120
tier crypto custodians in the market,
serving many large institutions and crypto firms.

167
00:12:15.159 --> 00:12:20.039
Some of the names include Pantera Capital, Bitstamp Exchange, Bitcoin Ira, and

168
00:12:20.080 --> 00:12:26.159
many more. In fact, Nike
uses bitgoes wallets service for their NFTs,

169
00:12:26.200 --> 00:12:28.679
so bitco has been around for a
long time. It's headed up by Mike

170
00:12:28.720 --> 00:12:33.080
Belshie, who was building in Web
one point zero and two point zero.

171
00:12:33.080 --> 00:12:37.600
He's pretty much an Internet legend man
who's at Google building Google Chrome and much

172
00:12:37.639 --> 00:12:43.840
more. But the features and services
that bitgo offers includes hot wallets, custodial

173
00:12:43.879 --> 00:12:46.399
wallets, self managed coal walts,
and NFT walts. And they have top

174
00:12:46.440 --> 00:12:50.320
tier security and insurance and much more. So. If you'd like to learn

175
00:12:50.320 --> 00:12:54.120
more about bidgo, check out the
link in the description or go to bitgo

176
00:12:54.240 --> 00:12:56.440
dot com. Now, folks,
we've got news area. Stripe is looking

177
00:12:56.440 --> 00:13:01.639
to bring back crypto payments in the
next few months. This is the first

178
00:13:01.639 --> 00:13:05.679
cryptocentric announcement from Stripe since May of
last year. So we're seeing all types

179
00:13:05.679 --> 00:13:11.879
of technology services, business solutions,
and apps and technologies are integrating crypto and

180
00:13:11.919 --> 00:13:16.960
of course because it's a growing technology
and acid class. So global payments company

181
00:13:18.080 --> 00:13:22.480
Stripe announced that it was going to
start allowing crypto payments on Thursday at the

182
00:13:22.480 --> 00:13:26.840
company's Global Internet Economy Conference. Speaking
at the final keynote titled the Future of

183
00:13:26.919 --> 00:13:33.000
Payments, Stripe's president John Collison said, our history with crypto goes back a

184
00:13:33.080 --> 00:13:37.759
long time. He cited the company's
now defunct Bitcoin support back in twenty eighteen

185
00:13:37.799 --> 00:13:41.120
because it wasn't being used. We're
excited to announce that we're bringing back crypto

186
00:13:41.159 --> 00:13:45.720
as a way to accept payments,
but this time it will be a much

187
00:13:45.720 --> 00:13:48.399
better experience, folks. As I
always say, this is news you want

188
00:13:48.440 --> 00:13:54.360
to see if you're investing in a
nascent acid class. So it's incredible what's

189
00:13:54.399 --> 00:13:58.360
happening. Some of the biggest companies
in the world are integrating and adopting crypto.

190
00:13:58.519 --> 00:14:01.799
They're tokenizing their building with it.
They're creating financial products right like the

191
00:14:01.840 --> 00:14:05.879
ETFs and much more. Due to
the fact that crypto has more use cases

192
00:14:05.960 --> 00:14:11.399
and Callson presentations said, cryptos back
Stripe decided to bring back crypto payments.

193
00:14:11.879 --> 00:14:16.919
Here's a quote. Crypto is finding
real utility. Callison said, with transaction

194
00:14:18.039 --> 00:14:22.000
speeds increasing and costs coming down,
we're seeing crypto finally make sense as a

195
00:14:22.120 --> 00:14:26.960
means of exchange. And I think
we're seeing a lot of that is due

196
00:14:26.960 --> 00:14:31.519
to stable coins like USDC and much
more. And with interoperability and different blockchains

197
00:14:31.559 --> 00:14:37.279
and faster transaction times and lower costs. You know, as there's more iterations

198
00:14:37.399 --> 00:14:43.720
with these different cryptocurrencies and like I
said, better experience and speed and transaction

199
00:14:43.840 --> 00:14:46.320
fee standpoint, you're going to see
more adoption globally. So this is really

200
00:14:46.320 --> 00:14:50.480
good news. Now we got some
big news around Algoran. Many of you

201
00:14:50.519 --> 00:14:52.600
know I hold the Algo token.
I am bullish on this project, not

202
00:14:52.720 --> 00:14:58.000
financial advice through your own research.
But the headline reads Algoran courts Python devs

203
00:14:58.039 --> 00:15:03.559
in seismic chain. The Algrand Foundation
touts the network as the first to go

204
00:15:03.919 --> 00:15:09.600
after full of ten million global developers. A choice of programming language is not

205
00:15:09.759 --> 00:15:13.759
the be all and end all of
smart contract development, but it does influence

206
00:15:13.799 --> 00:15:18.159
security, efficiency, and accessibility of
blockchain applications. Each language comes with its

207
00:15:18.200 --> 00:15:24.159
own set of capabilities and limitations that
can impact how contracts are executed, the

208
00:15:24.559 --> 00:15:28.720
potential for vulnerabilities, and the ease
of finding and fixing errors. Algran is

209
00:15:28.720 --> 00:15:33.639
becoming the first Layer one blockchain to
adopt Python as its canonical language. In

210
00:15:33.720 --> 00:15:41.279
what Algrand Foundation Chief technology Officer John
Woods calls a seismic change. Python is

211
00:15:41.320 --> 00:15:46.639
a massive step forward on the roadmap
towards removing all barriers to entry for developers,

212
00:15:46.879 --> 00:15:50.720
said Woods. So this is actually
really good. I know it's not

213
00:15:50.120 --> 00:15:54.320
something that we as investors really pay
attention to, but when you want to

214
00:15:54.360 --> 00:15:58.159
attract more developers and the best developers, you want to make sure you're using

215
00:15:58.279 --> 00:16:04.799
certain coding language that is familiar and
has global presence so that you get more

216
00:16:04.879 --> 00:16:08.360
talent, right, and you get
people who are more familiar with that talent,

217
00:16:08.679 --> 00:16:11.799
and you can try to get the
best out of these folks. So

218
00:16:12.159 --> 00:16:17.360
I think it makes sense, and
this is really good news for Algo token

219
00:16:17.399 --> 00:16:21.840
holders. So great to see that
this is a door they're opening up,

220
00:16:21.919 --> 00:16:26.879
and I think it will lead to
more adoption of blockchains if they're more compatible

221
00:16:27.320 --> 00:16:32.159
with you know, other solutions that
are out there, other technologies and so

222
00:16:32.240 --> 00:16:34.080
forth. So I think it's a
win win all around. Now, next

223
00:16:34.080 --> 00:16:40.159
news item here, crypto focused federal
chartered bank intro settlement network, coin fund

224
00:16:40.399 --> 00:16:45.120
edX Clearing and non co are among
the first users of the offering. So

225
00:16:45.200 --> 00:16:49.159
this is Anchorage Digital. Many of
you may recall my interview with Nathan McCauley,

226
00:16:49.559 --> 00:16:55.200
he's the CEO of Anchorage Digital,
just maybe about a month ago,

227
00:16:55.480 --> 00:16:57.320
so be sure to check that out. I try to bring you guys these

228
00:16:57.360 --> 00:17:02.120
interviews so you can hear from people
building and investing in the market. So,

229
00:17:02.519 --> 00:17:07.319
Anchorage Digital is a federally chartered bank
and it is now offering settlement of

230
00:17:07.480 --> 00:17:11.440
US dollars and crypto assets for buy
and sell side institutions. Crypto focused.

231
00:17:11.480 --> 00:17:18.359
Anchorage Digital unveil its new settlement network
called Atlas in a Thursday announcement. Atlas

232
00:17:18.359 --> 00:17:22.480
has already settled hundreds of millions of
dollars in crypto since its early access launch

233
00:17:22.519 --> 00:17:27.000
earlier this year. To company said, Atlass users can access counterparties that include

234
00:17:27.039 --> 00:17:33.279
clients of Anchorage Digital and its Singapore
subsidiary on chain settlement ensures the assets are

235
00:17:33.319 --> 00:17:38.559
not commingled and don't leave on chain
addresses until settlement occurs. According to the

236
00:17:38.599 --> 00:17:42.720
bank, this is what we need
for the growth of the market. No

237
00:17:42.880 --> 00:17:49.279
commingling, no FTX, right trusted
institutions who are federally chartered, god insurance,

238
00:17:49.319 --> 00:17:52.960
your license, and much more.
And you know if you put your

239
00:17:53.160 --> 00:17:59.599
crypto funds with these firms, you
know there's safeguards, there's guardrails in place,

240
00:18:00.039 --> 00:18:03.559
and that they're not going to do
nonsense like FTX was allowed to do

241
00:18:03.759 --> 00:18:07.119
under Gary Genser's watch. By the
way, so at List participants are not

242
00:18:07.279 --> 00:18:14.200
reliant on settlement providers books, a
spokesperson told block Works. Our regulatory status

243
00:18:14.200 --> 00:18:18.640
and security profile represent a major unlock
for institutions, with ATLAS advancing a new

244
00:18:18.720 --> 00:18:25.319
era of safe and secure settlement across
the industry. So really great to see

245
00:18:25.359 --> 00:18:29.400
this. And the industry is growing, guys, it's maturing all the bells

246
00:18:29.400 --> 00:18:34.400
and whistles and even more than what
exists in the tratify markets. So these

247
00:18:34.440 --> 00:18:40.160
are custody and these things are pillars
for the growth of this asset class and

248
00:18:40.160 --> 00:18:44.039
a continued adoption and we continue to
raise the bar and the standard here.

249
00:18:44.079 --> 00:18:47.000
So this is a great, great
sign. So that's the news, folks.

250
00:18:47.240 --> 00:18:49.559
Friendly reminder to check out my book, Rethinking Crypto. It is available

251
00:18:49.599 --> 00:18:55.920
on Amazon in digital and in paperback. Guys. This book tells the story

252
00:18:55.960 --> 00:18:59.759
of crypto. Talks about you know, the sec versus Gray Scale and Ripple,

253
00:18:59.799 --> 00:19:03.279
and why those lawsuits are there,
why FTX was not the ethos of

254
00:19:03.319 --> 00:19:07.759
crypto, Sam Beck, mcfred was
just a bad actor. It talks about

255
00:19:07.799 --> 00:19:10.799
the future of crypto, what that
looks like. It talks about the bigcoin

256
00:19:10.880 --> 00:19:15.559
ETM phrase with Black Rock and Wall
Street. It also highlights tips for how

257
00:19:15.599 --> 00:19:18.319
to invest in crypto. Now,
if you know all about crypto, you

258
00:19:18.319 --> 00:19:22.759
know, this would make a great
gift for someone who doesn't know, because

259
00:19:22.799 --> 00:19:26.680
it gives the holistic view of crypto, not just okay, it's only bitcoin,

260
00:19:26.759 --> 00:19:30.160
but or it's only this and that. It talks about everything, tokenization,

261
00:19:30.319 --> 00:19:33.240
CBDCs, everything, guys. So
grab a copy, guys. Link

262
00:19:33.279 --> 00:19:37.839
will be in the description. And
I also have a book signing event next

263
00:19:37.839 --> 00:19:40.640
week, So if you are in
the New York City area, come check

264
00:19:40.680 --> 00:19:44.880
it out. The book signing will
be in a building right across the street

265
00:19:44.920 --> 00:19:48.160
from the Wall Street Bowl. Will
be in the Financial district. Come get

266
00:19:48.200 --> 00:19:52.359
some food and chat up about crypto. Get a signed copy of the book,

267
00:19:52.359 --> 00:19:55.359
we can hang out. It'll be
Tuesday, April thirty. A link

268
00:19:55.359 --> 00:19:57.359
will be in a description. Thank
you guys for watching and listening, and

269
00:19:57.440 --> 00:20:15.559
I'll talk to you all late.
This task stop post tasks. Don't stand