WEBVTT

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The SEC and Gary Ginser are dismissing
their case against Debt Box after the judge

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threatened a sansion against SEC attorneys.
This is another major loss for Gary Ginser

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and many attorneys are weighing in and
Standard Chartered Bank is predicting that the SEC

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will approve the Ethereum spot ETFs by
May of this year. Is that possible?

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Well, we're going to break it
down. Let's get into it.

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Welcome to The Thinking Crypto Podcasts.
You're home for cryptocurrency news and interviews.

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00:00:37.799 --> 00:00:40.560
If you are new here, please
hit that subscribe button as well as a

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It supports the podcast and it doesn't
cost you anything. Well, folks,

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Tomorrow is of course the FOMC meeting. We will hear from them on their

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decision on whether they're going to keep
rates, pause or start cutting. This

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is important because we are looking at
the macro and the correlation between macro and

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bitcoin in the crypto market. So
that's why this is important, folks.

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Because global liquidity and fast easy money, cheap money and the money printer going

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burr all impact the markets, so
we'll keep an eye on that, and

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of course i'll bring you to updates
tomorrow. What we're seeing for bitcoin is

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that there might be a rejection right
now, and it's in line with what

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I've been saying that I believe bitcoin
is headed down to between thirty to thirty

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five K. I don't know at
which price it finds the support. Hopefully

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it's at thirty five K. I've
got some buy orders in place, so

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let's see what happens. One analyst
here is charting it really well. He's

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been correct so far. His name
is Neste and here he's using the Fibonacci

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models as well as the Elliott wave
model, and we're seeing we're at that

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wave B, which is then headed
to C, which is down where it's

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so we'll see what happens. Look, no one has a crystal ball.

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Well, we have to form a
thesis. We have to look at both

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the bearish and bullish scenario. So
we're not ignoring any of these, and

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we're looking at which has the highest
probability of playing out. And as I've

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been stating, guys, macro from
a macro standpoint, we are going to

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new all time highs. I think
we hit eighty k if not like seventy

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five k this year, where that's
going to be the all time high for

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this year, and then I think
we hit higher highs the blow up top

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next year, which I think crosses
six figures. Now, not a guarantee,

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not a certainty, but I think
a high probability. So be patient,

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use the pullbacks, use the dips
as an opportunity to dollar cost average

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in. Now let's jump into the
news because today the SEC took another big

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loss folks. Here. Eleanor Tarott
of Fox Business reported the SEC has just

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filed a brief in the Debt Box
case saying that it intends to dismiss the

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lawsuit against the company. The SEC
is choosing dismissal rather than face possible sanctions

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from the judge for misleading the court
in order to secure a restraining order and

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asset freeze against Debt Box. Another
big fat loss for a scumbag regulator.

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Gary Genzer, I've been telling you
guys, we are dealing with a scumbag.

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We're dealing with people who are corrupt. They don't care about the law.

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All they care about is shaking down
companies for money and gaining more power.

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And this may be a symptom of
big government. Right. We're seeing

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different government agencies just running amok.
But the SEC, you know, they've

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kind of had this power for a
long time, and you know, it's

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almost like absolute power. It corrupts, right, But you know, thankfully

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the judicial branch of the government is
coming through here, not putting up with

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the bs and lies and hypocrisy of
the SEC. Eleanor also added some additional

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notes. She said, adding to
this note that the SEC has dismissed the

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case without prejudice, which theore medically
leaves the door open for the agency to

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come back and fill a new suit
against Debt Box in the future. Expect

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comment from the judge on that.
Second. If a dismissal is accepted by

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the judge, it doesn't necessarily mean
the agency escapes scott free. The judge

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could choose to impose monetary sanctions on
the agency from misleading the court. Boyd,

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I hope this judge comes through and
does that. We need Gary Ganser

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to be exposed. We've been seeing
constant lies the appellate court. Those judges

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said the SEC acted arbitrary and capricious, I mean unbelievable, right, and

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then Indie Ripple case, which we
know the SEC lost the line's share of

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that case. Judge Sarah Nepburn said
the SEC lacks faithful allegiance to the law.

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These are words coming from the judges. It's not some YouTuber or some

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random guy on the Internet or somebody
tweeting something. This is coming from the

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courts. This is why I've been
telling you guys for years, we're dealing

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with a scumback regulator. Gary Genser
is on puppet strings being controlled by Elizabeth

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Warren. Elizabeth Warren's being controlled by
the banking incumbents such as Jamie Diamond and

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many others. That's what's happening here. We are in the then they fight

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you phase. This is why they're
ignoring the law. This is why they're

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lying. This is why there's hypocrisy
on their part. They're trying to slow

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down this technology as much as possible, kick out the startups like Coinbase and

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Ripple and so forth, so that
the Wall Street banks can come in and

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takeover. It's pretty clear what's happening, right. You don't see black Rock

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getting a wells notice. You don't
see Fidelity getting a wells notice even though

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they've been in crypto for a long
time. But look at what's been taking

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place, right, all of them
are launching ETFs, all the Wall Street

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firms, while the crypto startups are
getting sued, while the crypto starrups are

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in a fight for their lives.
Right. Pretty clear what's taking place.

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And we don't have full regulations yet
from Congress. Obviously they're working on it

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now. One attorney who works for
being Capital Crypto, she confirmed that,

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look, the dismissal won't save them
from possible sanctions, so the judge can

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really come through here, give Gary
againster another big fat l in his face.

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I hope that happens and the SEC
also has to pay fines and this

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would be another once again big loss
with the SEC. Here Attorney John Deeton

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wade in he tweeted at Gary Aginser
and he said, Gary Ginser, this

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disgrace falls under your leadership or the
lack thereof. First year lawyers were described

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by a federal judge's hypocrites lacking faithful
allegiance to the law. In a ripple

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case. Later, the appellate court
ruled your denial of a spot Bitcoin ETF

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was arbitrary and capricious in the Great
Scale case. Despite those incredible findings,

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findings that would make any lawyer or
leader cringe from embarrassment and humiliation, your

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agency's lawyers continue to act with a
complete disregard for the truth and for justice.

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Now you run away, attempting to
shield your unethical lawyers from facing the

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very law to uphold. Beautifully put
by John Deeton here here, I'm meta

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law man. I'll actually be interviewing
him next week. His name is actually

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James, he said, astounding,
I've never seen anything quite like this in

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more than thirty years of representing clients
averse to the SEC. I actually think

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this voluntary dismissal could make it more
likely that the SEC lawyers involved in the

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misrepresentations to the court will be sanctioned. I hope this happens. Guys here

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Jeff Robert, who is a reporter
at Fortune magazine. He covers cryptos,

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specifically, They put out a full
article on this today, he said.

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So, let's get this straight.
The SEC lied to obtain an ex part

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tro where defendants don't even learn about
the charges. The judge finds out and

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is understandably pissed, starts disciplinary proceedings, the SEC drops the case to try

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and wriggle out of it. So
I'm glad that mainstream media here is covering

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this, exposing this scumbag. Now
the other big case that's taking place,

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which I think Coinbase is going to
win this, right, Coinbase versus the

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SEC. I think the market needs
Coinbase to win. We know a ton

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of all coins have been thrown into
these lawsuits against coinbase in Binance, and

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that's the sneaky way of the SEC
trying to litigate them but not actually giving

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them due diligence, not going to
each project and company and saying, hey,

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give us your facts and ser circumstances, as the SEC would say,

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right, fractions and circumstances. They're
not doing that. They're doing a very

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sneaky scum bag move of just throwing
a bunch of coins and saying, oh,

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yeah, these are all securities without
actually giving details, and then packaging

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it with the lawsuit against coin based
crack and Binance and so forth. Now,

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Binance is its own beast. It
has its own thing going on because

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it has an exchange token and a
stable coin and so forth, so I'm

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going to leave finance it aside,
but coinbasing crack and I hope they destroy

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the sec in court. Now we
got word here from Standard Chartered Bank that

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they are are expecting the a therm
spot ETFs to be approved on May twenty

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third, so very specific date.
I don't know how they came up with

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this, because you know, it
doesn't necessarily have to happen on this date.

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It could have happened in the month
right, So very very big statements

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here from a bank, and I
think we have to pay attention because it's

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a bank making the statement. And
we know that with the bigcoin's body TFS

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approved, it makes it very easy
for the theorem's bodytf to be approved.

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Now is it very likely to happen? Is the big question because it could

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you know, Gary Agnster could easily
do it, but will he. So

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here let me give you what the
spokes Standard Charter are saying. We expect

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pending applications for the ethus spot ETFs
to be approved on May twenty third,

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the final deadline for the first of
the ETFs under consideration, the equivalent date

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to Januarate tenth for the Bitcoin ETFs. Jeffrey Kendricks, head of Standard Charter

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Banks and Digital Assets Research, wrote
in a report on Tuesday. If ETH

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prices performed similarly to how Bitcoin prices
perform in the lead up to BTC ETF

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approval, EITH could trade as high
as four thousand dollars by then. So

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we'll have to wait and see.
Here's what I tweeted out, though I

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don't know about this. The EH
situation is very different from Bitcoin. I

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wonder if Gary gens will try to
block the ETH ETF, but the issuers

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consume him and reference what Bill Hinman
had to say about ETH not being a

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security, or maybe Gary foles and
just approves as he knows he will lose

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in court. So there's some complications
here with EAT. So you have Gary

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Genster refusing to save ETH is a
security before Congress. We've seen this,

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right, he got rilled by Patrick
McHenry refused to even say a word.

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Second, the ETH situation is tricky
because other projects, and we saw in

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the Ripple case, they use this. They reference what Bill Hinman and Jake

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Clayton endorsed that ETH is not a
security. We know that Bill Himon gave

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a speech premously in twenty eighteen,
it was market moving and everybody thought,

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there's not a security, But then
you have the staking component now that if

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they were to approve an etheroremist BODYTF, what does that mean for stakers?

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And maybe it's they make it clear
in the guidelines you will not get any

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type of staking rewards by investing in
it. Maybe it's that simple. I

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don't know, but that is a
component. And if they are going to

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do this with the ambiguity that's out
there around ETH, it can open up

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the door for other all coins again
to ETFs. And this is where Gary

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Ginser may not want to do it, but he will probably be forced to

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do it. So I don't know, I don't know if we're going to

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get that etheremist BODYTF this year.
It may be a situation where if coinbase

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wins their lawsuit, then maybe you
know, that'll force the hand of Gary

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g Ancer because a lot of the
tokens that he does list and the SEC

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00:12:00.480 --> 00:12:05.360
listen their lawsuits against Cracking and Coinbase, some are ERC twenty tokens and some

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are Layer two solutions for etherorem So
this thing is so messy. The SEC

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would just do his job, and
you know, if Congress could get things

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going. I know Patrick mckenney's trying
to push through the two bills in the

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House. There's two in the Senate, and boy, I hope they can

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get it done this year before the
craziness of the election. But if not,

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twenty twenty five would be ideal as
well. Now, quick word from

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folks, they are fully reserved.
You can go review their transparency reports and

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I've interviewed the CEO, the CFO
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I can vouch for them. And
if you'd like to learn more, please

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visit the link in the description.
Now, speaking of ether theorem, folks,

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Vitallic. Whether you hate him or
you love him, he put out

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a great, great, great write
up about crypto plus AI. And remember

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what I've been saying. If you've
been listening to this podcast, I told

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you, guys, this coming cycle, one of the narratives will be AI

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driven crypto and that's why I took
a position in Render as well as fetch

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dot ai. Those are upright now. Now that's not financial advice. Please

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do your own research. Don't go
buy those tokens because I mentioned I have

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them. Please do your own research. So if Italic tweeted out the promise

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and challenges of crypto plus AI applications, folks, once again you could hate

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Vitalic, but this is a really
good, really good write up and talking

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about the benefits and the challenges and
the synergies and much more. It's too

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much for me to break down here
in this podcast. Probably need like an

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hour to do this, but I
highly recommend you guys go read up on

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it. I'll try to do an
AI cryptospecific video and podcasts where I can

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break down and reference some of this
information. But it's really well done and

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I think it's not hype. It's
not just a narrative. I think it's

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a legit thing. Now are we
there yet where it's like, hey,

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we have this figure out figured out
and here's the solutions, here are the

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use cases. We're not there yet, right, We're very much in the

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ideation phase and here are some possibilities. But I think folks are working on

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it. And don't be surprised that
we see AI merge or blockchain. In

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fact, from a larger perspective,
I think blockchain will be needed to police

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AI, and we see that deep
fakes are on the rise. It's hard

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to verify media and where it comes
from, and we know the AI defakes

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00:14:56.240 --> 00:15:01.480
will only get even more sophisticated and
realistic where you you can't even tell.

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So we need blockchain. And we
actually saw Polygon, which is a layer

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two scaling solution. I had reported
on this. They partner with the Fox

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News Corporation to build a platform where
the content that's published by the media sources

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can be verified because it's on the
blockchain, and you can avoid de fakes

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or if they're not avoid but if
defacs do come up, you can verify

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what's real and what's not. So
this is very interesting and once again the

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narrative I set it in Deceber twenty
twenty two, one of the big narratives,

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right, and what I'm anticipating,
and this is why I took position

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in AI themed tokens. Now moving
ahead, Portal raises thirty four million dollars

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for atomic swaps while de decentralized exchange
is still in Testinet. Portal, a

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bitcoin based DeFi project, recently and
now it's successful thirty four million dollars seed

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funding round. At the time of
writing, this represents the second largest funding

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round in the web three space for
the year of twenty twenty four. This

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follows an earlier fundraising effort in September
twenty twenty one, where Portal secured eight

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point five million dollars. Then as
now, Portal's raise announcement focuses heavily on

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the platform's creation of a decentralized exchange
to allow atomic swaps that don't rely on

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trusted intermediaries to move assets between chains, But after more than two years and

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forty two point five million dollars in
funding, Portal's decentralized exchange is still in

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testinet. Following the announcement of the
most recent fundraised, Portal community members express

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frustration at the project's slow development on
Portal's telegram channel. Some invested in Portal

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through retail investment platform Republic and wanted
to know when they could see returns,

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and administrator in telegram said investors would
receive equity following the launch. In an

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interview, Portal co founder CEO Chandra
Douguiralla from saying that right acknowledge things did

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take longer to and expected, which
is true of all difficult engineering problems.

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So they're getting more capital to keep
building. But folks are not happy with

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the timeline. And look, that
doesn't mean the project's dead. And we've

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seen certain projects take a long time
but eventually come to fruition. But I

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understand the frustration of some investors.
But we'll see. But look, a

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takeaway here is that there's capital ready
to invest in many different crypto ideas and

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projects. So if you are an
entrepreneur, it's an opportunity for you to

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raise capital and get your idea off
the ground. Now. Unprecedented two point

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one billion dollar bitcoin seizure in Germany
linked to online piracy group A suspect willingly

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transfer nearly fifty thousand bitcoin to official
wallets. So, folks, what we're

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seeing is that there's still the legacy
bitcoin still moving around where it's connected to

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like Silk Road or other things happened, you know, back in the day.

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There's a couple of things here,
you know, because you have like

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Elizabeth Warren who will go around saying, see, bitcoin is only used for

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such and such, when we know
criminals largely use cash. But the point

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is not the method or the means
of the transfer of value. It's the

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bad actors you want to stop bad
actors. Bad actors will use any means

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00:18:19.240 --> 00:18:25.440
of currency or value transfer right because
they're just trying to get away with whatever

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00:18:25.440 --> 00:18:29.640
they're doing, money laundering and so
forth. And it's actually harder for them

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to do with crypto because everything's on
chain. You can track it in the

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blockchain. And and of course a
lot of groups like Chainnalysis came out and

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00:18:37.000 --> 00:18:41.039
debunked Elizabeth Warren's lies and fud and
this data that came out and showed there

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00:18:41.519 --> 00:18:47.119
it's so minimal, which the amount
of crypto has used for nefarious activities versus

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cash. I mean, it's ridiculous. How much cash? Does that mean?

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We should destroy cash and fiat and
so forth and never use it.

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Of course not. We got to
stop the bad actors, right So the

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00:18:56.400 --> 00:19:03.319
authorities alleged that the bitcoin is tied
to a piracy site that violated the Copyright

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Act back in twenty thirteen, so
once got legacy problems here. According to

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00:19:07.799 --> 00:19:11.839
a police statement, a German and
Polish man were found responsible for the alleged

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money laundering and reportedly bought bitcoin with
the proceeds. The Tuesday statement marks the

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00:19:17.240 --> 00:19:21.839
largest bitcoin seizure by German authorities.
The future of the assets remain uncertain,

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though the police statement clarified that a
suspect voluntarily transferred them to the official wallets

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provided by the BKA. A final
decision has not been made about the utilization,

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00:19:32.000 --> 00:19:36.279
the statement said. However, authorities
said they would not be providing more

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information until they complete the investigation.
No charges have yet to be filed against

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them. While the United States leads
in global bitcoin node count with twenty eight

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percent, Germany is not far behind, with over thirteen percent of global nodes.

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According to bitnodes. From a regulatory
standpoint, it has become more crypto

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friendly over the last few years,
with some of the biggest banks seeking crypto

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00:19:56.480 --> 00:20:00.920
custody licenses. Germany granted a crypto
custody licensed the Commerce Bank in November,

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making it the first full service bank
to receive such a license. Deutsche Banks

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00:20:06.680 --> 00:20:11.359
Paul Mayley told block Works last September
that it was interested in offering corporate and

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00:20:11.440 --> 00:20:15.599
institutional clients custody of selected cryptocurrencies and
stable coins. Of course, it is

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every bank, every financial institution,
stock market and you name it. They

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00:20:21.440 --> 00:20:26.880
are all here. They're ready to
add bitcoin and crypto trading to their services

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in addition to custody and much more. And we know that tokenization is the

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future, so all of the assets
that many of them hold will go on

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the blockchain. And the interesting part
is which blockchains the tokenization will happen on,

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and do you hold a native token? So exciting times ahead. And

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00:20:44.920 --> 00:20:48.599
you know when you see a headline
like this, it can lead to fear

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00:20:48.039 --> 00:20:51.720
or fun, right, but you
got to go into the details. This

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00:20:51.880 --> 00:20:56.039
is just legacy stuff that happened back
in the early days wild Wild West,

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00:20:56.720 --> 00:21:00.319
and I think the governments are now
going to be hyper focus on cleaning this

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00:21:00.400 --> 00:21:04.400
up. They're gonna tie up loose
ends and make sure all these guys are

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00:21:04.400 --> 00:21:07.799
brought in whoever did nefair yourself.
All the bad actors right, Look,

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00:21:07.839 --> 00:21:11.400
bad actors, like I said,
they're going to exist, They're gonna people

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00:21:11.440 --> 00:21:14.920
are going to use bitcoin and other
cryptos for bad activities in the future.

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00:21:15.160 --> 00:21:19.000
It's going to be tough for them
because once again KYCML is being enacted everywhere.

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00:21:19.200 --> 00:21:25.039
Plus there's on chain of reporting data
analytics where you can track stuff now,

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00:21:25.119 --> 00:21:29.400
so it's gonna be even more difficult. But the point is criminals and

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00:21:29.759 --> 00:21:34.039
dumb criminals right will do whatever they
want and use whatever they want. That's

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00:21:34.279 --> 00:21:37.440
human nature, that's civilization. It
is what it is. The point is

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00:21:37.440 --> 00:21:41.640
we want to stop bad actors,
and we've gotta be careful with corrupt politicians

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00:21:41.680 --> 00:21:45.240
like Elizabeth Warren who try to spread
lies because they're trying She's trying to protect

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00:21:45.279 --> 00:21:49.480
the banking incumbents from getting disrupted.
Well, folks, that's the news.

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Let me know what you think.
Leave your thoughts and comments below, Hit

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