WEBVTT 1 00:00:00.120 --> 00:00:06.160 Elizabeth Warren's anti crypto Army candidates are losing in the elections. One of them 2 00:00:06.240 --> 00:00:11.400 has just taking a big loss, saying Elizabeth Warren cost her her career in 3 00:00:11.480 --> 00:00:18.879 Congress, and CFDC chairman testified today before Congress saying the SEC's Prometheum stance with 4 00:00:19.120 --> 00:00:27.480 Ethereum could cause problems between the agencies because Prometheum is treating Etherorem as a security 5 00:00:27.600 --> 00:00:33.399 and El Salvador's bitcoin holdings hit a record one hundred and sixty four million dollars 6 00:00:33.799 --> 00:00:38.119 as the profits passed fifty million. We're gonna break this down and much more. 7 00:00:38.320 --> 00:00:48.359 Let's get into it. Welcome to the Thinking Crypto Podcasts. You're home 8 00:00:48.479 --> 00:00:52.399 for cryptocurrency news and interviews. If you are new here, please hit that 9 00:00:52.439 --> 00:00:55.719 subscribe button as well as the thumbs up button and leave a comment below. 10 00:00:56.000 --> 00:00:59.799 If you're listening on a podcast platform such as Spotify or Apple, please leave 11 00:00:59.799 --> 00:01:03.640 afore five star rating and review. It supports the podcast and it doesn't cost 12 00:01:03.679 --> 00:01:06.439 you anything. Well, folks, let's take a look at bitcoin right now. 13 00:01:06.599 --> 00:01:10.640 Still consolidating. As we've been talking about, Bitcoin's going to consolidate here, 14 00:01:10.719 --> 00:01:14.000 build some support levels. It may even go a bit lower, but 15 00:01:14.120 --> 00:01:18.200 that's fine. This is a healthy pullback. We are building support levels to 16 00:01:18.239 --> 00:01:21.000 go to higher prices, so we have to be patient. Now, the 17 00:01:21.120 --> 00:01:25.359 all coins continue to move. Etherorem today was looking really strong. It is 18 00:01:25.400 --> 00:01:27.840 currently sitting at thirty eight hundred dollars. It looks like it wants to go 19 00:01:27.879 --> 00:01:32.560 to new all time highs as well, so we'll pay close attention to this 20 00:01:32.640 --> 00:01:37.239 and other all coins are popping off. In fact, we have the AI 21 00:01:37.400 --> 00:01:42.200 tokens going crazy, going on a rampage Render fet dot Ai Trace as well, 22 00:01:42.519 --> 00:01:46.640 and I will hold both Render and Fat. You guys know that I 23 00:01:46.719 --> 00:01:49.840 talked about it since December twenty twenty two. AI tokens will have a huge 24 00:01:49.920 --> 00:01:55.680 narrative, a huge opportunity here in this bowl market. And I've took some 25 00:01:55.719 --> 00:01:59.760 profits on Fat. I'm waiting to take some profits on Render, but beautiful, 26 00:02:00.000 --> 00:02:02.840 beautiful call on that, and I'm thankful and I'm taking profits. And 27 00:02:04.319 --> 00:02:07.760 once again, guys, you may not become a millionaire from holding these tokens, 28 00:02:07.760 --> 00:02:09.960 and that's fine, but you may walk away with tens of thousands or 29 00:02:10.080 --> 00:02:15.960 hundreds of thousands of dollars on these tokens, and it's a nice return as 30 00:02:15.000 --> 00:02:19.680 long as you're making money and walking away from this market with money at the 31 00:02:19.759 --> 00:02:23.319 end of the bull market cycle, you're winning. So please have some perspective 32 00:02:23.400 --> 00:02:29.159 on that. Great things are ahead now. Mark Cuban was on CNBC. 33 00:02:29.319 --> 00:02:34.319 He was interviewed and giving bitcoin some prime time view where he said bitcoin is 34 00:02:34.319 --> 00:02:37.759 a great store of value and that's why he's invested in it. Those of 35 00:02:37.840 --> 00:02:39.800 us who are in crypto, we know Mark has been bullish on crypto year 36 00:02:39.879 --> 00:02:45.240 after year. He's had NFTs and much more to Dallas Mavericks at one point, 37 00:02:45.280 --> 00:02:49.879 we're accepting crypto and all that jazz. So Bitcoin getting a lot of 38 00:02:50.520 --> 00:02:55.639 mainstream media, prime time exposure here, so great to see what's happening now. 39 00:02:55.680 --> 00:03:00.439 El Salvador bitcoin holdings hit a record one hundred is sixty four million dollars 40 00:03:00.439 --> 00:03:06.199 as bitcoin profits passed fifty million dollars. There a lot of naysayers, a 41 00:03:06.240 --> 00:03:09.919 lot of people writing negative articles about El Salvador, and their president has actually 42 00:03:09.960 --> 00:03:15.280 been trolling. He's been tweeting memes like waiting for the apologies, waiting for 43 00:03:15.319 --> 00:03:19.520 the retractment of those articles that you know saying El Salvador is making the hugest 44 00:03:19.560 --> 00:03:23.400 mistake in the history of the world. But they are up in their holding 45 00:03:23.479 --> 00:03:27.360 spokes, so let me give you some details here. The latest data from 46 00:03:27.400 --> 00:03:32.800 Monitoring Resource Bitcoin Treasuries estimates that El Salvador's bitcoin holdings are up fifty million dollars 47 00:03:32.840 --> 00:03:38.439 against their cost basis. Bitcoin was first approved as legal tender in El Salvador 48 00:03:38.479 --> 00:03:42.000 in twenty twenty two, and since then the country's stash has gone from bear 49 00:03:42.120 --> 00:03:46.159 market rags to record riches. Since its president Naibu Kelly, announced the government 50 00:03:46.199 --> 00:03:52.039 would start purchasing one bitcoin per day, it has a mask approximately two three 51 00:03:52.120 --> 00:03:54.639 hundred and eighty bitcoin, which is valued at around one hundred and fifty eight 52 00:03:54.719 --> 00:03:59.919 point five million dollars. Folks, this is going to set a new standard 53 00:04:00.159 --> 00:04:02.800 and expect game theory to play out that other countries are going to do this. 54 00:04:03.080 --> 00:04:08.879 Now I'm not talking about first world superpower countries like the United States, 55 00:04:08.879 --> 00:04:11.960 are China and so forth right, it's going to start with smaller countries. 56 00:04:12.039 --> 00:04:17.079 We're looking to boost their GDP and boost economic activity. They're going to do 57 00:04:17.160 --> 00:04:24.360 this and El Salvador is a great model here for the rest of the world. 58 00:04:24.399 --> 00:04:27.600 So it's incredible what's happening. And the bitcoin e taps are going to 59 00:04:27.639 --> 00:04:31.000 make it easy for said countries to even to invest in bitcoins. So keep 60 00:04:31.040 --> 00:04:33.839 an eye on on this, folks. This is going to be very interesting. 61 00:04:34.079 --> 00:04:38.480 Now, let's look at the top social media trending coins here. I'll 62 00:04:38.519 --> 00:04:46.000 refresh the data from sentiment, and the meme coins are ruling the social media 63 00:04:46.040 --> 00:04:51.040 mentions. Dog with dog with cat, dog with hat that is leading with 64 00:04:51.120 --> 00:04:57.600 a large positive sentiment. Shiba Inu is at number two. We got fat 65 00:04:57.639 --> 00:05:01.360 dot Ai. We just talked about some AI token's track as well. That's 66 00:05:01.399 --> 00:05:08.079 another AI token near to near protocol at five, doche coin at six, 67 00:05:08.199 --> 00:05:12.319 Ethereum at seven, Dent at eight, but it has a very high negative 68 00:05:12.319 --> 00:05:15.480 sentiment at fifty point five three percent. So I'm not sure what's going on 69 00:05:15.519 --> 00:05:20.639 with dent node or whole network which the token name is node. And then 70 00:05:20.680 --> 00:05:25.639 you have ton token. I've never heard of that. So those are your 71 00:05:25.680 --> 00:05:30.279 top ten trending and once again meme coins dominating the list here because meme coins 72 00:05:30.319 --> 00:05:33.240 have been going crazy. Obviously you got some AI token sprinkled in there. 73 00:05:33.319 --> 00:05:39.040 So this is what's happening on social media with these coins, folks. Now 74 00:05:39.120 --> 00:05:42.720 quickly from our sponsor and that is bitgo. 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Mike is a Web one point zero and two point zero legend. 83 00:06:15.920 --> 00:06:19.480 The man has done some great things in the Internet in the early days 84 00:06:19.519 --> 00:06:23.560 and now he's here building in Web three. So if you'd like to learn 85 00:06:23.600 --> 00:06:27.120 more about bitgo, visit bitgo dot com. Link will be in a description. 86 00:06:27.560 --> 00:06:30.839 Now, folks, some very important news that you should know about. 87 00:06:30.040 --> 00:06:34.839 Many of you know Elizabeth Warren is anti crypto. She ran on the campaign 88 00:06:34.839 --> 00:06:41.279 that she's building an anti crypto army. She has been colluding with scumbag regulator 89 00:06:41.319 --> 00:06:46.160 Gary Genser. We know they have been coordinating attacks against the industry. Well, 90 00:06:46.240 --> 00:06:48.959 there are people who are tied to Elizabeth Warren and who are part of 91 00:06:49.000 --> 00:06:55.399 her anti crypto army. Well, yesterday you had the Super Tuesday at elections 92 00:06:55.720 --> 00:07:00.000 start right, Well, here's some interesting news. Eleanor terryt to Fox Business 93 00:07:00.160 --> 00:07:06.199 reported Crypto superPAC Fairshake, which mounted a ten million dollar ad campaign against Katie 94 00:07:06.279 --> 00:07:11.480 Porter, and she's the one that's aligned with. Elizabeth Warren released the below 95 00:07:11.560 --> 00:07:16.879 statement following her defeat to Adam Schiff in tonight's California Senate primary, saying her 96 00:07:17.000 --> 00:07:24.000 choice to side with Senator Elizabeth Warren listen to this against crypto costs her her 97 00:07:24.040 --> 00:07:30.399 career in Congress. Wow, Wow, what an epic defeat for Elizabeth Warren. 98 00:07:30.439 --> 00:07:34.800 Folks, This goes a far away because Elizabeth Warren is only as strong 99 00:07:34.839 --> 00:07:38.519 as that some of the people who are backing her and tied with her. 100 00:07:38.600 --> 00:07:43.160 Remember, she's just by herself saying I'm building an army. No one's going 101 00:07:43.240 --> 00:07:47.319 to care. But when she has other cronies position across the country right that 102 00:07:47.560 --> 00:07:53.079 are trying to be anti crypto just because they want to kiss her ass and 103 00:07:53.120 --> 00:07:57.920 they're losing, that's a great win for the crypto industry. And this is 104 00:07:57.920 --> 00:08:01.959 why I've been sharing with you guys that this these super PACs have been raising 105 00:08:01.040 --> 00:08:07.040 fund some coinbase from Ripple, from Andreesian Horowitz, and they're using it to 106 00:08:07.279 --> 00:08:13.680 build awareness of these corrupt politicians like Elizabeth Warren who are against freedom from people 107 00:08:13.720 --> 00:08:16.560 being able to invest in crypto and much more. Right, So, this 108 00:08:16.720 --> 00:08:22.199 is huge news. And here's something else that Eleanor shared, she said. 109 00:08:22.480 --> 00:08:28.000 In addition to Adam Schiff's win over Katie Porter in California, other pro crypto 110 00:08:28.160 --> 00:08:33.519 candidates in Texas and Alabama had dominant first place finishes in their races. Alabama's 111 00:08:35.240 --> 00:08:41.799 Shamari Figures is that the name? I apologize, Yes, I guess that's 112 00:08:41.799 --> 00:08:46.159 his name. Shamari Figures will head to a Democratic primary runoff in April with 113 00:08:46.399 --> 00:08:52.039 Julie Johnson and Texas secured over fifty percent of the vote to put her in 114 00:08:52.080 --> 00:08:58.480 the running for it. Says here Colin Allarid's seat in November, folks, 115 00:08:58.720 --> 00:09:03.519 the pro crypto candidate, they got some momentum here. We're seeing some wins 116 00:09:03.559 --> 00:09:07.080 coming in. And this is what I've been saying for a long time. 117 00:09:07.279 --> 00:09:11.720 Crypto is a ballot issue. Now it's not in number one issue. It's 118 00:09:11.720 --> 00:09:15.360 not number two, probably not number three. It may be number five or 119 00:09:15.440 --> 00:09:18.240 six, right, because let's be realistic. There's all the problems in the 120 00:09:18.279 --> 00:09:22.039 country, inflation, the border and all that, right, we want to 121 00:09:22.080 --> 00:09:26.039 be realistic here. And the fact that you know, these pro crypto candidates 122 00:09:26.039 --> 00:09:30.919 are winning is a good sign. And I think we saw that when the 123 00:09:31.000 --> 00:09:35.279 presidential candidates came out and they were supporting crypto, you know, like Ron 124 00:09:35.320 --> 00:09:39.639 de Santez, RFK Junior as well as Vivek Ramswami. So, folks, 125 00:09:41.200 --> 00:09:46.399 something very interesting is happening here. Crypto in politics and playing a huge role. 126 00:09:46.759 --> 00:09:52.159 Elizabeth Warren chose the wrong side and she's going to feel the results of 127 00:09:52.279 --> 00:09:56.519 that in the polls. And we know John Deaton, our friend John Deeton, 128 00:09:56.559 --> 00:10:00.240 is running against her to take away that seat. And I believe John 129 00:10:00.320 --> 00:10:01.679 can win. He's going to get the support, he's going to get the 130 00:10:01.720 --> 00:10:05.840 ad campaigns from these super packs, and we got to donate to him. 131 00:10:05.879 --> 00:10:09.440 So please donate if you haven't already. John Deeton for Senate guys, please 132 00:10:09.480 --> 00:10:13.399 donate if you and he's accepting crypto now, so whatever you can do to 133 00:10:13.399 --> 00:10:18.000 support him would be awesome. But this is a guys, I'm super happy 134 00:10:18.039 --> 00:10:22.080 to see this. This is a great, great sign. I'm telling you. 135 00:10:22.120 --> 00:10:24.879 Elizabeth Warren in her camp right now are not happy. And that's why 136 00:10:24.919 --> 00:10:28.399 she's been so scared. You know, she's been sending out tons of email. 137 00:10:28.759 --> 00:10:33.279 She's been asking other Democrats from other states to come help her to fight 138 00:10:33.399 --> 00:10:37.440 John Deaton. John John is still trying to raise money as someone who has 139 00:10:37.480 --> 00:10:43.720 no political background but is a fighter and believes in freedom and the American Constitution 140 00:10:43.960 --> 00:10:48.279 versus Elizabeth Warren. Right, so, guys, she's scared, and I 141 00:10:48.279 --> 00:10:54.039 think this is a sign right here. What's the comm now today? CFTC 142 00:10:54.519 --> 00:11:01.200 Chairman Rosston Benham was testifying before Congress and some interesting statements came up, and 143 00:11:01.240 --> 00:11:07.919 here's the headline. CFDC Benham says Prometheum's eat stance could create interagency conflict bitcoin 144 00:11:07.960 --> 00:11:11.720 and etherra commodities. Benham said, but if the sec claims otherwise, things 145 00:11:11.720 --> 00:11:16.200 could get complicated. Remember what I've been saying, And I interviewed Aaron Kaplan 146 00:11:16.279 --> 00:11:22.279 a Prometheum. They are calling etherorem Prometheum, that is Digital Asset Securities who 147 00:11:22.360 --> 00:11:26.320 has been saying that, Gary Genser, he's the one that coined that term 148 00:11:26.480 --> 00:11:31.639 digital asset securities. And he refuses to echo J. Clayton and Bill Hinman 149 00:11:33.000 --> 00:11:35.919 and say etherorem is not a security. Patrick McHenry and the rest of Congress 150 00:11:35.960 --> 00:11:39.519 grilled the hell out of him and he wouldn't say. And we just saw 151 00:11:39.600 --> 00:11:45.120 they denied the Black Rock Etherorem ETF. Now we'll have to wait and see, 152 00:11:45.240 --> 00:11:48.600 but clearly Rosst and Benham is saying, hey, we're seeing some deviation 153 00:11:48.960 --> 00:11:52.879 from how the agency has acted in the past because we believe it is a 154 00:11:52.960 --> 00:11:56.919 commodity and if the agency says it's a security, we're going to have problems. 155 00:11:56.960 --> 00:12:01.559 That's the TLDR. So, folks, it's gonna be very interesting. 156 00:12:01.639 --> 00:12:03.600 But you know, the industry is going to sue the hell out of Gary 157 00:12:03.600 --> 00:12:07.799 Ginster if he denies the ETFs by the May twenty third deadline, and we 158 00:12:07.840 --> 00:12:11.559 saw he lost already in court. But you know, Elizabeth Warren, his 159 00:12:11.679 --> 00:12:18.200 handler, may make him enforce him to go against the industry and deny the 160 00:12:18.480 --> 00:12:22.519 ETFs, but we'll have to wait and see. Nevertheless, we're gonna fight 161 00:12:22.559 --> 00:12:26.919 and we're gonna win because the law is on our side. And remember the 162 00:12:26.960 --> 00:12:33.279 SEC guy called arbitrary and capricious for denying the Greyscale bitcoins boty TF. Here's 163 00:12:33.320 --> 00:12:37.919 a quote from Benham today from my understanding essentially reading the press and talking to 164 00:12:37.960 --> 00:12:41.639 my staff who have reached out to the SEC, this was an independent decision 165 00:12:41.720 --> 00:12:46.000 by Prometheum to signal to the market that it is their intent to custody Ether, 166 00:12:46.159 --> 00:12:52.399 Benham said when asked about how the SCFDC views Ether. So this is 167 00:12:52.519 --> 00:12:56.039 these statements are not good for Ganinster because just shows that there needs to be 168 00:12:56.159 --> 00:13:00.919 crypto regulations. While Gary will say it's very clear, the rules are clear, 169 00:13:01.039 --> 00:13:03.799 there's no need to do anything right. But that's his talking points handed 170 00:13:03.799 --> 00:13:07.600 down for him from Elizabeth Warren. Here's another quote. How this plays, 171 00:13:07.960 --> 00:13:13.039 obviously is very critical. The issue is we do have an action by the 172 00:13:13.080 --> 00:13:20.279 SEC essentially validating Prometheum's decision constituting Ether as a security. It will then put 173 00:13:20.279 --> 00:13:24.840 our registrants, our or exchanges who list Ether as a futures contract of sort 174 00:13:26.039 --> 00:13:30.279 or in non compliance of the SEC rules as opposed to to CTC rules. 175 00:13:30.759 --> 00:13:33.919 So this is going to be very interesting, and this is why Congress needs 176 00:13:33.960 --> 00:13:37.879 to act because Gary Genster is out of control and here you got the other 177 00:13:37.960 --> 00:13:41.919 agency just saying like, we're not in agreement with what's happening here, with 178 00:13:43.240 --> 00:13:46.360 what the SEC is doing with Prometheum. Now, yesterday we talked about shape 179 00:13:46.360 --> 00:13:50.039 Shift and the SEC going after them, issuing a cease and desist, and 180 00:13:50.080 --> 00:13:54.240 then shape Shift decided to settle. But it was like for two hundred and 181 00:13:54.240 --> 00:13:58.080 seventy five thousand dollars and they were claiming the SEC was claiming that it was 182 00:13:58.120 --> 00:14:03.120 for stuff that happened back in twenty fourteen to twenty twenty one, kind of 183 00:14:03.159 --> 00:14:07.279 retroactively going after them, which is asinine because the business model has changed. 184 00:14:07.440 --> 00:14:13.200 They're not a centralized exchange anymore. Their decentralized exchange. Well hester purse and 185 00:14:13.240 --> 00:14:16.720 mark Youveeda, I would know a surprise here they issued a dissent and you 186 00:14:16.720 --> 00:14:22.039 know highlighting the following the SEC one doesn't specify which of the seventy nine assets 187 00:14:22.120 --> 00:14:26.720 might constitute investment contracts. So what was interesting in this settlement No mention of 188 00:14:26.759 --> 00:14:33.000 the actual tokens. So maybe Gary Ginser scumbag. Regularly Gary Ginser was getting 189 00:14:33.000 --> 00:14:35.120 called out, you know in the coinbase and crack and lawsuit where they were 190 00:14:35.200 --> 00:14:41.519 highlighting tokens, but not giving those tokens due process and litigating them individually. 191 00:14:41.600 --> 00:14:46.200 Right, he's trying to sneak the tokens in saying these are securities and don't 192 00:14:46.200 --> 00:14:50.919 ask me why I just picked them random tokens. Right. The sneaky scumbag 193 00:14:50.000 --> 00:14:56.200 move number two here doesn't allege any frauduct or consumer harm occurred. So once 194 00:14:56.200 --> 00:15:01.639 again, this was a bullshit move by Gary you here, and he's just 195 00:15:01.679 --> 00:15:05.039 trying to rack up wins because he's been taking major losses. And from a 196 00:15:05.039 --> 00:15:09.600 PR standpoint, it's been horrible for the sec But great to see hester person 197 00:15:09.600 --> 00:15:13.639 market waited coming out and dissenting. And some of you may say, hey, 198 00:15:13.679 --> 00:15:16.600 I'm tired of all the talk. Well this is part of the process, 199 00:15:16.639 --> 00:15:18.879 right, in order for Congress to act for them to have AMMO. 200 00:15:20.240 --> 00:15:22.759 It's good that these commissioners are coming out and saying, hey, this is 201 00:15:22.799 --> 00:15:26.840 wrong. We don't agree with the other commissioners. So really, really good 202 00:15:26.840 --> 00:15:30.919 stuff. It was a great write up here. You guys should definitely read 203 00:15:30.960 --> 00:15:35.320 it now. Adam Cochran, who works in the crypto industry, tweeted at 204 00:15:35.320 --> 00:15:37.519 the following, which I thought was great. He said, if Joe Biden 205 00:15:37.600 --> 00:15:43.279 wants to appeal to fiscal Republicans and independence. I know a lot of single 206 00:15:43.320 --> 00:15:48.639 issue voters who really want to see Gary Ginter replaced with a competent chair like 207 00:15:48.720 --> 00:15:52.039 hester Purse. We've been saying that on the podcast Forever Right. Put hester 208 00:15:52.080 --> 00:15:56.240 Purse as the chair. He says here against her. One refuses to give 209 00:15:56.240 --> 00:16:02.480 guidance our policy to the industry to bullies small US startups example of shape Shift 210 00:16:02.759 --> 00:16:07.240 has led to the highest turnover and lowest job satisfaction rate at the SEC. 211 00:16:07.360 --> 00:16:10.399 A lot of people are leaving, a lot of turnover. The people are 212 00:16:10.440 --> 00:16:15.000 complaining about the Gary's just going nuts over there. Number three has lost court 213 00:16:15.080 --> 00:16:19.799 battles with Crypto at every turn. Number four denied Americans access to a big, 214 00:16:19.840 --> 00:16:23.600 tiny TIF until courts forced him to catch up with the rest of the 215 00:16:23.639 --> 00:16:29.360 world. And five has sent millions of jobs overseas by creating a chilling effect 216 00:16:29.399 --> 00:16:34.000 on fintech industries. He says they're replacing gangster in the new administration. Isn't 217 00:16:34.039 --> 00:16:38.320 controversial as most people don't know who he is. Those who do know don't 218 00:16:38.399 --> 00:16:42.320 like him. A large chunk of Crypto are single issue voters. A large 219 00:16:42.360 --> 00:16:47.519 chunk of fiscal Republicans want to see an admin that can reach across the isle 220 00:16:47.600 --> 00:16:52.519 of physical policy. He says, seems like some real low hanging fruit to 221 00:16:52.639 --> 00:16:57.679 commit kicking Genser to the curb and having Hester purs propose some new crypto regulation, 222 00:16:59.200 --> 00:17:04.759 something that Senator Elizabeth Warren Callsworth against their fails to deliver. So I'm 223 00:17:04.799 --> 00:17:07.319 in a total agreement here, and I think people are going to start to 224 00:17:08.000 --> 00:17:11.680 push the Biden administration to do this. Will they do it? I don't 225 00:17:11.720 --> 00:17:15.839 know. You know, we'll see especially you know, it depends on who 226 00:17:15.000 --> 00:17:19.200 wins now. I tweeted at Gary Gainster today because I'm sure some of you 227 00:17:19.279 --> 00:17:23.680 saw your community bank crash forty two percent. They had to halt trading. 228 00:17:25.240 --> 00:17:27.680 Some are saying this is a banking crisis. Remember last year a whole bunch 229 00:17:27.720 --> 00:17:32.200 of bank collapses and the FED did some backdoor stuff to help them out, 230 00:17:33.200 --> 00:17:37.319 and the stock price is crashing heavily. So I tweeted at Gary and I 231 00:17:37.319 --> 00:17:41.319 said, hey, Gary Ginster, is this the industry that is rife with 232 00:17:41.599 --> 00:17:45.440 fraud? As you would say, you were talking about the regulated banking industry, 233 00:17:45.519 --> 00:17:51.079 right, But of course crickets and Gary Ginster crickets from Elizabeth Warren. 234 00:17:51.839 --> 00:17:55.880 They just want to push the narrative that crypto is this, you know, 235 00:17:56.279 --> 00:18:00.480 rife with fraud. Everything in crypto is a fraud, and it's the rules 236 00:18:00.480 --> 00:18:03.039 are clear, and you know this is blah blah blah, And well JP 237 00:18:03.200 --> 00:18:07.640 Morgan and these big banks get issued fines every year for breaking the law they 238 00:18:07.640 --> 00:18:11.200 are banking. They were banking guys like Jeff Jeffrey Epstein and much more right, 239 00:18:11.480 --> 00:18:15.640 and you just see all this nonsense happening. But you know, this 240 00:18:15.680 --> 00:18:18.400 is the point. They're trying to push the narrative on the masses who are 241 00:18:18.720 --> 00:18:22.039 not fully educated on these things. Who are you know, passively looking at 242 00:18:22.079 --> 00:18:26.880 crypto and just cashing headlines. But this is why we need to amplify the 243 00:18:26.920 --> 00:18:33.319 facts and expose these corrupt bureaucrats and corrupt politicians like Elizabeth Warren and expose all 244 00:18:33.319 --> 00:18:37.440 their lives. Now we've got to report here that the SEC claims binance dot 245 00:18:37.519 --> 00:18:44.759 Us unwilling to give info requests, court intervenes. Binance US isn't answering important 246 00:18:44.839 --> 00:18:48.759 questions, the SEC claims, but the Crypto Exchange has further requests exceeded the 247 00:18:48.880 --> 00:18:53.119 regulators bounce so I don't blame Binance. We're not one to work with them. 248 00:18:53.400 --> 00:18:56.319 After all they've been through. They're probably like whatever, we don't care. 249 00:18:57.000 --> 00:19:03.440 So BAM Trading Services doing business as Finance dot US has been unable or 250 00:19:03.519 --> 00:19:07.279 unwilling to answer requests for information concerning the custody of customer assets. The SEC 251 00:19:07.319 --> 00:19:11.920 alleged in a March fifth Joint status report to a Washington DC District Court. 252 00:19:12.359 --> 00:19:17.359 It asks the court they're intervening to speed up the discovery process. So, 253 00:19:17.839 --> 00:19:21.400 you know, it's funny the SEC and these government folks, they break the 254 00:19:21.480 --> 00:19:22.839 laws. They don't care about the laws right, as we've been seeing in 255 00:19:22.880 --> 00:19:26.039 the courts. Yet they're like, why are you not following the law? 256 00:19:26.359 --> 00:19:30.920 Right? It's like, you guys are such hypocrites and you don't even uphold 257 00:19:30.960 --> 00:19:34.279 the law or care about the law. And this is why the judges have 258 00:19:34.440 --> 00:19:40.640 threatened sanctions. They've called the SEC that they lacked a faithful allegiance to the 259 00:19:40.680 --> 00:19:44.240 law. In the Great Scale case, they will call arbitrary and capricious. 260 00:19:44.839 --> 00:19:48.799 It's unbelievable what we're dealing with. But maybe this is a symptom of big 261 00:19:48.839 --> 00:19:52.000 government, right. You have these agencies just running amok and they don't care 262 00:19:52.039 --> 00:19:56.119 about the law, and they become they have gotten too much power, and 263 00:19:56.400 --> 00:20:03.559 there needs to be some sort of reset and recalibration. And I love Congressman 264 00:20:03.599 --> 00:20:08.200 Warren Davidson's proposal to have the restruction of the SEC to make it less political 265 00:20:08.599 --> 00:20:12.680 and to avoid things like this where you have a scumbag like Gary Ginster running 266 00:20:12.720 --> 00:20:17.279 the SEC. So we'll see what they do here. You know what the 267 00:20:17.400 --> 00:20:21.680 judge and the courts decide to do. But it's funny that the SEC is 268 00:20:21.720 --> 00:20:26.519 complaining, right when they often delay things, when they often use shady tactics, 269 00:20:26.519 --> 00:20:29.359 when they're supposed to be the good guys abiding by the law right, 270 00:20:29.720 --> 00:20:33.279 but they're not. So it's funny. They're getting a taste of their own 271 00:20:33.319 --> 00:20:37.079 medicine right now. Now. Many of you know Avalanche. It's a great 272 00:20:37.119 --> 00:20:41.039 blockchain. I hold the avax token in my portfolio. Yesterday we talked about 273 00:20:41.279 --> 00:20:45.279 Coachella. You know they're going to launch their ticket NFTs on the Avalanche blockchain. 274 00:20:45.599 --> 00:20:51.440 We we got news here that Avalanche releases Durango upgrade, unveils Teleporter to 275 00:20:51.519 --> 00:20:56.559 boost subnet interoperability. Now, John Wu of able Abs, which works on 276 00:20:56.559 --> 00:20:59.559 Avalanche. I interviewed him a couple of weeks ago. I'm sure many of 277 00:20:59.599 --> 00:21:00.960 you remember that. If you haven't seen that, be sure to check it 278 00:21:02.000 --> 00:21:06.720 out. Avalanche is doing some great things, so Avalanche developers launch Teleport it 279 00:21:06.720 --> 00:21:11.920 to enhance the communication across its subnet ecosystem. Teleporter aims to unify Avalanche's network 280 00:21:11.960 --> 00:21:18.839 of application specific chains, addressing network fragmentation. It is built on avalanches warp 281 00:21:18.960 --> 00:21:26.680 messaging and supports EVM compatible subnets, particularly the C chain. So great update 282 00:21:26.720 --> 00:21:30.839 here and Avalanche is a blockchain to watch, folks, and not financial advice, 283 00:21:30.880 --> 00:21:33.799 but an example. Many of you may have seen the news. City 284 00:21:33.880 --> 00:21:37.839 Bank and JP Morgan are testing tokenization and Avalanche. I just told you guys 285 00:21:37.839 --> 00:21:44.599 about the Coachella music event tickets on there, so you know, check it 286 00:21:44.599 --> 00:21:47.880 out, research it, do your own research obviously, but this is certainly 287 00:21:47.880 --> 00:21:49.799 one of the projects I think will be in a winner, and I've added 288 00:21:49.839 --> 00:21:53.119 it to my portfolio now quickly. From our other sponsor, and that is 289 00:21:53.240 --> 00:21:57.960 v Chain. This is one of the top enterprise grade Layer one blockchains out 290 00:21:57.960 --> 00:22:03.920 there, building a ton of use cases and web three. They've done great 291 00:22:03.920 --> 00:22:08.000 things with supply chain management tracking and trace ability. They're working with big brands 292 00:22:08.039 --> 00:22:14.839 such as PwC, BMW, Walmart, China as well as the Boston Consulting 293 00:22:14.880 --> 00:22:19.079 Group to build a decentralized app ecosystem. Folks, I am so bullish on 294 00:22:19.119 --> 00:22:22.359 this project. I have been for years. I've been holding the VET token 295 00:22:22.920 --> 00:22:26.720 for years and I'm a believer in this project. Once again, I hold 296 00:22:26.720 --> 00:22:30.599 the token and this is why I have accepted them as a sponsor, because 297 00:22:30.599 --> 00:22:33.839 I believe in it. And this blockchain is very energy efficient, very scalable, 298 00:22:33.960 --> 00:22:37.640 great speed and security. So many big brands are working with them. 299 00:22:37.720 --> 00:22:41.720 If you'd like to learn more about vchain, visit vchain dot org. Link 300 00:22:41.759 --> 00:22:45.319 will be in the description. Thank you for watching and listening. Be sure 301 00:22:45.359 --> 00:22:48.920 to subscribe to the free email newsletter link in the description. Follow me on 302 00:22:48.960 --> 00:22:52.960 TikTok, Instagram, and all the social platforms all the links in the description. 303 00:22:53.079 --> 00:23:03.480 Guys, thank you and I'll talk to you all later. Talk pak 304 00:23:03.640 --> 00:23:11.759 post talk poks, the talk pak talk st