WEBVTT 1 00:00:00.200 --> 00:00:03.080 Get ready. The FED is going to start quantitative easing 2 00:00:03.120 --> 00:00:07.799 tomorrow and JP Morgan launches a tokenized commercial paper on 3 00:00:07.960 --> 00:00:11.279 the Salona blockchain. This is huge news and there may 4 00:00:11.320 --> 00:00:14.400 be some hiccups and problems with the Clarity Act. I'll 5 00:00:14.400 --> 00:00:22.920 give you the details and what's happening. Let's get into it. Hey, everybody, 6 00:00:22.960 --> 00:00:26.640 welcome into the Thinking Crypto Podcasts. You're home for cryptocurrency 7 00:00:26.679 --> 00:00:29.839 news and interviews. I'm your host, Tony Edward. On your 8 00:00:29.879 --> 00:00:32.359 way in. Please let that subscribe button as well as 9 00:00:32.399 --> 00:00:35.000 a thumbsup button and leave a comment below. If you're 10 00:00:35.039 --> 00:00:37.840 listening on a podcast platform such as Spotify or Apple, 11 00:00:38.000 --> 00:00:41.320 please leave a five star rating and review. Folks. Tomorrow, 12 00:00:41.359 --> 00:00:45.679 December twelve, the FED will officially kick off quantitative easing, 13 00:00:46.039 --> 00:00:48.119 so we're gonna look at what the impact is on 14 00:00:48.159 --> 00:00:51.520 the market. Don't expect anything to happen on the charts tomorrow, 15 00:00:51.880 --> 00:00:55.560 but rather it's the start of the money printing cycle 16 00:00:55.880 --> 00:00:58.159 and we could start to see in the week's coming 17 00:00:58.560 --> 00:01:01.200 the liquidity is starting to hit the markets and much 18 00:01:01.240 --> 00:01:04.120 more so. We covered this in yesterday's podcast, and we 19 00:01:04.200 --> 00:01:06.879 know they're going to buy forty billion dollars in treasury 20 00:01:06.879 --> 00:01:10.079 bills over the next thirty days. So again it's the 21 00:01:10.159 --> 00:01:13.040 start which is very positive and let's see what the 22 00:01:13.040 --> 00:01:15.319 impact is. We're going to have to be very patient here, 23 00:01:15.359 --> 00:01:19.200 but this is pretty historic. Remember the last time that 24 00:01:19.239 --> 00:01:23.040 the Fed ended quantitative easing and went into quantitative tightening, 25 00:01:23.079 --> 00:01:26.040 that was in November of twenty twenty one, and that 26 00:01:26.200 --> 00:01:29.439 is when the bear market started. Now the opposite is 27 00:01:29.480 --> 00:01:31.799 happening here. Although you have some people are saying the 28 00:01:31.799 --> 00:01:33.959 market has topped out, I personally don't think it has. 29 00:01:34.200 --> 00:01:37.400 But we are moving from quantitative tightening to quantitative easing, 30 00:01:37.480 --> 00:01:41.319 more liquidity, which should be very great for risk assets. Now, folks, 31 00:01:41.439 --> 00:01:44.879 look at this news. This is incredibly bullish. So coinbase 32 00:01:44.959 --> 00:01:48.319 Institutional tweeted dot wall Street is putting the blockchain to 33 00:01:48.400 --> 00:01:52.319 work in capital markets. Today, JP Morgan arranged a US 34 00:01:52.319 --> 00:01:56.920 commercial paper issuance for Galaxy Digital on Salana, one of 35 00:01:56.959 --> 00:02:00.760 the first debt securities issued on a public blockchain in 36 00:02:00.840 --> 00:02:05.400 the US with tokenization USDC, stable con rails and custody 37 00:02:05.480 --> 00:02:10.879 powered by coinbases crypto as a service platform. This is 38 00:02:10.919 --> 00:02:15.199 incredible news on multiple fronts. First, huge capitulation by the 39 00:02:15.280 --> 00:02:18.159 King of the Fiat world and that is JP Morgan. 40 00:02:18.240 --> 00:02:21.879 We've seen their CEO, Jamie Diamond bash and criticized crypto 41 00:02:21.960 --> 00:02:24.919 for years. Now they have fully capitulated. They tried to 42 00:02:24.960 --> 00:02:27.439 create their own private blockchain, but no one wanted to 43 00:02:27.520 --> 00:02:30.080 use that because it was another wall garden. Why would 44 00:02:30.080 --> 00:02:34.479 I trust your centralized blockchain? Now JP Morgan is forced 45 00:02:34.800 --> 00:02:37.759 to use public blockchains because that's where the liquidity is 46 00:02:38.080 --> 00:02:40.560 and that's where a lot of the transactions and settlements 47 00:02:40.560 --> 00:02:44.080 are happening, and where you have decentralization that folks can 48 00:02:44.120 --> 00:02:47.520 trust what you're building. So this is incredible, folks, This 49 00:02:47.599 --> 00:02:50.599 is a landmark moment and I hope you recognize the 50 00:02:50.680 --> 00:02:54.120 significance of this. And we saw JP Morgan was doing 51 00:02:54.120 --> 00:02:57.400 some trial and error testing with base, which is Coinbase's 52 00:02:57.879 --> 00:03:00.960 etherorem layer two, and they've of course launch crypto trading 53 00:03:01.039 --> 00:03:04.960 and much more. In addition, Coinbase, you know, their crypto 54 00:03:05.000 --> 00:03:07.639 as a service platform is getting huge adoption. Just a 55 00:03:07.719 --> 00:03:09.719 couple of days ago I reported about P and C 56 00:03:09.840 --> 00:03:13.800 Bank launching bitcoin trading using coinbased as services, and we 57 00:03:13.840 --> 00:03:16.680 know City Bank is also partnered with coinbase, so all 58 00:03:16.719 --> 00:03:20.400 the major banks getting involved in crypto. More on rams 59 00:03:20.439 --> 00:03:24.560 being established here more tokenization and use of the technology. 60 00:03:24.840 --> 00:03:27.800 Very very bullish and on JP Morgan's website they put 61 00:03:27.800 --> 00:03:30.240 out a full press release about it. So how things 62 00:03:30.240 --> 00:03:33.240 have changed here Here's what the headline is on their website. 63 00:03:33.360 --> 00:03:37.439 JP Morgan arranges landmark US commercial paper issuance on the 64 00:03:37.520 --> 00:03:43.120 Solana public blockchain for Galaxy Digital Holdings. Incredible news, folks, 65 00:03:43.159 --> 00:03:45.360 and as you all know, game theory will play out here. 66 00:03:45.439 --> 00:03:47.719 No bank wants to get left behind. All the other 67 00:03:47.800 --> 00:03:51.439 banks will follow suit. So incredibly bullish news. Now on 68 00:03:51.479 --> 00:03:55.599 the topic of Coinbase and Solana, Coinbase will enable decentralized 69 00:03:55.639 --> 00:03:59.439 exchange trading for all Solana tokens, no list things needed. 70 00:03:59.800 --> 00:04:01.759 This is a smart move by Coinbase. They're going to 71 00:04:01.800 --> 00:04:04.360 allow all those Solana based tokens right, whether it be 72 00:04:04.400 --> 00:04:08.120 meme coins or whatever, to be launched inter decentralized exchange 73 00:04:08.159 --> 00:04:12.479 trading wallet and platform. So that's not the centralized aspect 74 00:04:12.479 --> 00:04:14.879 where it's more strict, you know, as far as listening, 75 00:04:15.039 --> 00:04:18.959 So the decentralized exchange part makes sense. So this is amazing. 76 00:04:19.040 --> 00:04:22.920 We are seeing incredible progress being made here. Now here's 77 00:04:22.920 --> 00:04:27.240 some more details about this news. Andrew Allen coinbased protocol specialists. 78 00:04:27.480 --> 00:04:30.480 He posted on x about this news and he said, 79 00:04:30.519 --> 00:04:34.040 for issuers and builders, if your token has sufficient liquidity, 80 00:04:34.319 --> 00:04:37.560 this means you can be accessible to millions of users 81 00:04:37.600 --> 00:04:41.240 on Coinbase without getting listed. So they're doing a bit 82 00:04:41.240 --> 00:04:43.439 of this with Base, so it makes sense for them 83 00:04:43.480 --> 00:04:46.240 to do it with Solana. It's a very easy model 84 00:04:46.279 --> 00:04:49.759 to just move over. And I think you know, Coinbase 85 00:04:49.839 --> 00:04:53.040 recognizes that this success pump dot fun is having, so 86 00:04:53.160 --> 00:04:56.519 they're building a version of that. Not necessarily that they're 87 00:04:56.560 --> 00:05:00.000 targeting meme coins, but rather anybody that wants to build 88 00:05:00.040 --> 00:05:01.839 on Solana, you can go ahead and do it, and 89 00:05:01.879 --> 00:05:04.199 you have liquidity and you know they can trade on there. 90 00:05:04.240 --> 00:05:07.839 So this is really really great news, folks, amazing stuff. Okay, 91 00:05:07.879 --> 00:05:10.360 moving ahead, we got more big news out of the CFTC. 92 00:05:10.600 --> 00:05:13.519 So they have announced today they are withdrawing the outdated 93 00:05:13.600 --> 00:05:17.959 and overly complex guidance that penalizes the bitcoin and crypto industry. 94 00:05:18.360 --> 00:05:21.800 So acting Chair Caroline fam continues to do an amazing job. 95 00:05:22.079 --> 00:05:24.720 You know, yesterday we talked about them approving crypto and 96 00:05:25.199 --> 00:05:29.319 as collateral for derivatives trading and much more so, huge 97 00:05:29.360 --> 00:05:33.000 progress here and on the SEC front, SEC Chair Paul 98 00:05:33.079 --> 00:05:36.600 Atkins tweeted out, our Crypto Task Force will host a 99 00:05:36.800 --> 00:05:40.120 roundtable on Monday, December fifteenth, so that's next week on 100 00:05:40.240 --> 00:05:44.360 policy matters related to financial surveillance and privacy. The event 101 00:05:44.439 --> 00:05:48.199 will be in person and livestream on the SEC dot gov. 102 00:05:48.480 --> 00:05:50.439 We hope you'll join us. So let's see what comes 103 00:05:50.439 --> 00:05:53.560 out of this roundtable. Privacy is a big factor for 104 00:05:53.639 --> 00:05:56.639 the industry. We've seen, you know, things like z cash 105 00:05:56.759 --> 00:05:59.120 start to move. We saw a circle is building a 106 00:05:59.199 --> 00:06:03.399 private version of USDC. They're stable coined, and you know 107 00:06:03.439 --> 00:06:07.560 a lot of institutions they're looking to build privacy layers 108 00:06:07.560 --> 00:06:09.519 because they don't want all their information out there in 109 00:06:09.519 --> 00:06:12.120 the market. Of course, so this this should be a 110 00:06:12.120 --> 00:06:16.600 pretty good roundtable. And the SEC has approved the DTCC 111 00:06:16.879 --> 00:06:21.639 plan to tokenize stocks, bonds, and treasuries. So the tokenization 112 00:06:21.800 --> 00:06:24.120 race is heating up here, folks. We've been talking about 113 00:06:24.120 --> 00:06:27.079 it for years. The token economy, that's where we're headed to. 114 00:06:27.199 --> 00:06:29.720 And we're going to see the markets, the governments, and 115 00:06:29.759 --> 00:06:32.480 the economies all running on blockchain rails. So whether that 116 00:06:32.560 --> 00:06:35.839 be for payments, transactions, all the assets will be on 117 00:06:35.879 --> 00:06:38.480 the blockchain, folks. Now, this episode is brought to you 118 00:06:38.560 --> 00:06:40.680 by v chain, which is one of the top Layer 119 00:06:40.759 --> 00:06:44.959 one enterprise blockchains in the industry that's getting massive adoption. 120 00:06:45.319 --> 00:06:47.879 Folks are tokenizing on v chain, They're building Web three 121 00:06:47.959 --> 00:06:52.199 applications and much more so. They have five million plus users, 122 00:06:52.399 --> 00:06:55.439 three hundred and fifty applications, build four hundred and eighty 123 00:06:55.519 --> 00:06:58.439 six thousand weekly sustainable actions, and they have been around 124 00:06:58.480 --> 00:07:01.600 since twenty fifteen. They're partner with Dana White and the UFC. 125 00:07:01.800 --> 00:07:04.040 Dana White just this year said he bought a million 126 00:07:04.079 --> 00:07:06.800 dollars in VET token and I'm a VET token holder, 127 00:07:06.800 --> 00:07:09.199 I have been since twenty eighteen, so I'm very bullished 128 00:07:09.199 --> 00:07:11.639 on this project. And they're working with a lot of 129 00:07:11.639 --> 00:07:17.399 different brands and companies, folks like Boston Consulting Group, BMW, PwC, Walmart, 130 00:07:17.480 --> 00:07:19.800 China and much more. Some of the great features of 131 00:07:19.839 --> 00:07:23.759 the v chain blockchain includes it's scalable, secure, fast, compliant, 132 00:07:23.759 --> 00:07:27.360 and purpose led. So again doing some amazing things. And 133 00:07:28.000 --> 00:07:32.399 recently they went live with their Hyabusa upgrade and also 134 00:07:32.560 --> 00:07:34.959 Stargate two point zero, so the steaking you can do 135 00:07:35.000 --> 00:07:37.959 steaking via Stargate, So if you are a VET token holder, 136 00:07:38.000 --> 00:07:40.120 this is something to check out. And they're making a 137 00:07:40.160 --> 00:07:42.480 lot of progrests. I hope to have their CEO, Sonny 138 00:07:42.560 --> 00:07:44.800 Lou back on the podcast again to talk about all 139 00:07:44.839 --> 00:07:47.519 these great things. So they said, here delivering the full 140 00:07:47.560 --> 00:07:50.879 staking experience. Stargate two point zero is fully integrated with 141 00:07:50.959 --> 00:07:55.360 Hyabusa and unleashes a new era of tokenomics slash rewards 142 00:07:55.360 --> 00:07:57.920 for v chain and the vet token. So this is 143 00:07:58.079 --> 00:07:59.959 really great. So if you'd like to learn more about 144 00:08:00.079 --> 00:08:02.480 Vacha and go to vchain dot org. Link will be 145 00:08:02.639 --> 00:08:05.600 in the description. Now, folks, It's been a very busy 146 00:08:05.639 --> 00:08:09.639 week for crypto legislation, especially around the Claritiac and even meetings. 147 00:08:09.680 --> 00:08:12.639 So first up, Eleanor Tarrett reported it's a pack day 148 00:08:12.680 --> 00:08:17.199 for crypto policies. Senators are expected to hold a bipartisan 149 00:08:17.240 --> 00:08:20.120 meeting this morning and that actually happened this morning to 150 00:08:20.199 --> 00:08:24.639 continue hashing out the market structure negotiations. This afternoon, representatives 151 00:08:24.680 --> 00:08:27.120 from several leading industry firms will head to the White 152 00:08:27.160 --> 00:08:30.240 House for a separate market structure meeting, according to an 153 00:08:30.319 --> 00:08:35.120 email reviewed by Crypto in America, and later, CEOs from 154 00:08:35.159 --> 00:08:38.159 Bank of America, City Well Spargo will meet with senators 155 00:08:38.159 --> 00:08:42.320 to discuss curbing interest payments by affiliates of stable coin issuers, 156 00:08:42.360 --> 00:08:46.320 along with other outstanding issues. So the banks, we've been 157 00:08:46.360 --> 00:08:48.399 talking about it for a while, are trying to kill 158 00:08:48.440 --> 00:08:52.399 certain aspects of crypto. Right. We saw Citadel Security send 159 00:08:52.759 --> 00:08:55.120 a letter to the SEC about DFI. We know the 160 00:08:55.159 --> 00:08:58.440 banks don't like that you're earning higher interest and yield 161 00:08:58.519 --> 00:09:01.320 on your stable coins on crypt platforms than they're giving 162 00:09:01.360 --> 00:09:03.960 you in their savings and checking account. Right. We know 163 00:09:04.000 --> 00:09:05.799 for years the banks have been taking a lot of 164 00:09:05.840 --> 00:09:08.600 that money and giving you nothing, right, zero point zero 165 00:09:08.639 --> 00:09:12.159 one or some whatever garbage. Right, it's nonsense. So we 166 00:09:12.279 --> 00:09:15.039 got to fight here. So let's see how the pro 167 00:09:15.120 --> 00:09:18.279 crypto senators and members of Congress handle this, because the 168 00:09:18.279 --> 00:09:21.519 banks are trying to lobby hard, really really hard, but 169 00:09:21.840 --> 00:09:25.200 they've lost the fight. Now there is some controversy around 170 00:09:25.240 --> 00:09:27.919 the claritiac because there's a version that's floating out there 171 00:09:28.000 --> 00:09:31.080 that people don't like, and rightfully so, because we know 172 00:09:31.320 --> 00:09:34.159 Elizabeth Warren and some of these Democrats who are being 173 00:09:34.200 --> 00:09:37.039 lobbied by the banks are trying to, you know, throw 174 00:09:37.039 --> 00:09:39.519 some monkey wrenches in there and change up the language. Here. 175 00:09:39.679 --> 00:09:42.039 James Murphy aka Metal law Man, who have had on 176 00:09:42.080 --> 00:09:44.960 the podcast many times. Says, too many people in crypto 177 00:09:45.039 --> 00:09:47.480 have the mindset of I don't care what the rules 178 00:09:47.600 --> 00:09:50.200 are for crypto. I just want a set of clear 179 00:09:50.279 --> 00:09:53.240 rules adopted and I will follow them, he says, warning 180 00:09:53.320 --> 00:09:56.519 the draft market structure bills circulating in Congress right now 181 00:09:56.919 --> 00:10:00.799 all import the very worst aspects of the Bank Secrecy 182 00:10:00.840 --> 00:10:04.720 Act into the crypto ecosystem. If we don't fight for 183 00:10:04.799 --> 00:10:08.639 our privacy rights now, they will never be reclaimed. SEC 184 00:10:08.639 --> 00:10:11.799 Commissioner Hester person has been warning the crypto communities starting 185 00:10:11.840 --> 00:10:14.639 about two years ago not to trade away our privacy 186 00:10:14.720 --> 00:10:18.279 rights in order to get crypto legislation enacted as usual. 187 00:10:18.399 --> 00:10:21.039 Hester was right, and that is exactly what is about 188 00:10:21.080 --> 00:10:23.799 to happen if the crypto community does not speak up 189 00:10:23.840 --> 00:10:27.679 and object now. So some people have been tweeting out things. However, 190 00:10:27.799 --> 00:10:30.960 Patrick Witt, who took over Bohine's job as the White 191 00:10:30.960 --> 00:10:34.480 House Crypto Advisor, working with David Sachs, he called out 192 00:10:34.519 --> 00:10:37.039 some of these things. That the language in these bills 193 00:10:37.240 --> 00:10:40.919 is in the progress of being addressed, he says, replying 194 00:10:40.960 --> 00:10:44.600 to Paul Barron here who tweeted out about this well. 195 00:10:44.679 --> 00:10:47.120 Paul said the following the market structure bill circulating in 196 00:10:47.159 --> 00:10:50.399 the Senate isn't regulatory clarity. It's the ultimate rug pull. 197 00:10:50.759 --> 00:10:54.519 He talked about Elizabeth Warren's language being inserted and that 198 00:10:54.600 --> 00:10:58.519 Senator Tim Scott and Lummis are effectively handing the future 199 00:10:58.519 --> 00:11:01.120 over to her to put these nonsense things in there, 200 00:11:01.120 --> 00:11:04.600 but Patrick Witt said this is entirely false. The White House, 201 00:11:05.039 --> 00:11:08.120 Senator Tim Scott and Senator Lummis are in lockstep on 202 00:11:08.200 --> 00:11:11.240 the knee to protect software developers and DeFi the message 203 00:11:11.240 --> 00:11:13.480 which conveyed to the Senate Democrats on the Hill this 204 00:11:13.600 --> 00:11:16.080 morning and again at the White House with the industry 205 00:11:16.120 --> 00:11:19.679 this afternoon. So we got to watch this very carefully, 206 00:11:19.799 --> 00:11:22.879 right because again the banks are lobbying Elizabeth Warren, even 207 00:11:22.919 --> 00:11:25.720 though she's not as vocal, she's working behind the scenes. 208 00:11:25.799 --> 00:11:27.960 And again this goes back to the gainst their days. 209 00:11:27.960 --> 00:11:30.879 She was the one doing it. Wasn't Biden. Biden. You 210 00:11:30.919 --> 00:11:34.039 can't say Biden was you know, this old man not 211 00:11:34.200 --> 00:11:37.159 making not doing things autopen. But yet he's leading the 212 00:11:37.240 --> 00:11:39.279 charge against crypt I keep telling you, guys, I spoke 213 00:11:39.279 --> 00:11:42.159 to many people in DC. Elizabeth Warren had that top 214 00:11:42.200 --> 00:11:45.120 financial services seat. Yes, Biden gave it to her. But 215 00:11:45.240 --> 00:11:47.799 Biden wasn't waking up saying, hey, go attack Crypto. It 216 00:11:47.840 --> 00:11:52.080 was Elizabeth Warren getting her paychecks from those banks. And 217 00:11:52.120 --> 00:11:54.799 then you know, same thing with Gary against her dog 218 00:11:54.840 --> 00:11:57.279 on the leash, and they were doing all the nonsense 219 00:11:57.360 --> 00:12:00.480 right on lawful activities and much more so, she's not stopping. 220 00:12:00.799 --> 00:12:03.840 Remember she's getting those paychecks and those banks, folks. So 221 00:12:04.720 --> 00:12:08.159 we got to see what happens here and keep a 222 00:12:08.200 --> 00:12:10.519 close eye make sure the right things are done. I 223 00:12:10.559 --> 00:12:13.440 do have confidence in Patrick, I should say, Patrick Witt, 224 00:12:13.519 --> 00:12:17.080 and David Sachs, Senator Tim Scott, and Senator Lummus that 225 00:12:17.120 --> 00:12:19.720 they can get this done. And look, the industry is 226 00:12:19.720 --> 00:12:22.519 getting ready for the midterm election. So anybody who tries to, 227 00:12:22.960 --> 00:12:25.519 you know, run alongside Elizabeth Warren they're going to get 228 00:12:25.519 --> 00:12:28.840 their asses handed to them again because the money will 229 00:12:28.879 --> 00:12:31.919 be spent. But again, we got to be vigilant here 230 00:12:31.919 --> 00:12:34.320 and see how this plays out. Now there's some more 231 00:12:34.440 --> 00:12:39.320 controversy around another bill, the CBDC ban. So GOP hardliners 232 00:12:39.759 --> 00:12:43.480 vexed as Defense bill advances with help the CBDC ban. 233 00:12:44.279 --> 00:12:47.559 So this CBDC band was supposed to go in this bill. 234 00:12:47.639 --> 00:12:50.919 So that's not good. A group of Republicans has called 235 00:12:50.919 --> 00:12:54.559 fouled after the US House passed a massive defense spending 236 00:12:54.600 --> 00:12:57.399 bill on Wednesday that omitted a ban on central bank 237 00:12:57.440 --> 00:13:02.519 digital currencies, despite promises it would be included. Conservatives were 238 00:13:02.600 --> 00:13:07.919 promised explicitly that strong anti CBDC language would be included 239 00:13:07.960 --> 00:13:11.440 in the National Defense Authorization Act. That promise was broken, 240 00:13:11.519 --> 00:13:16.519 GOP representative Keith shelf wrote on X on Wednesday, So 241 00:13:17.080 --> 00:13:21.039 that's not good. The House voted three hundred and twelve 242 00:13:21.039 --> 00:13:24.159 to one hundred and twelve to pass the National Devents 243 00:13:24.480 --> 00:13:28.240 Act on Wednesday, sending nine hundred billion dollars annual military 244 00:13:28.279 --> 00:13:30.559 funding bill to the Senate in a bid to have 245 00:13:30.679 --> 00:13:34.399 it passed before the end of the year. So I'm 246 00:13:34.440 --> 00:13:36.559 not sure what's going to happen here. Maybe they can 247 00:13:36.600 --> 00:13:38.559 get it back in the or they can put it 248 00:13:38.639 --> 00:13:42.240 in the market tructure build. I don't know, but he'd see, guys, well, 249 00:13:42.279 --> 00:13:45.120 we have to be vigilant. We have to be vigilant 250 00:13:45.200 --> 00:13:48.799 because this CBDC band is supposed to get pushed through. 251 00:13:48.879 --> 00:13:52.399 I remember interviewing Congressman Tom Emmer about this, right, So 252 00:13:52.919 --> 00:13:56.080 I'm not blaming him, but just it can't just be him, 253 00:13:56.120 --> 00:13:58.440 it has to be collectively they do this. So a 254 00:13:58.440 --> 00:14:00.720 lot of drama here, folks, And I'm going to try 255 00:14:00.759 --> 00:14:03.519 to get some folks from DC on the pod to 256 00:14:03.559 --> 00:14:07.039 talk about all this and what the hell is happening. Okay, 257 00:14:07.080 --> 00:14:11.320 another interesting bill that was introduced. Senator Jerry Moran has 258 00:14:11.360 --> 00:14:14.519 introduced a bill to establish a Task Force for Recognizing 259 00:14:14.559 --> 00:14:18.320 and averting cryptocurrency scams. So this is great. I think 260 00:14:18.399 --> 00:14:21.799 we have to have the guardrails in place because you 261 00:14:21.840 --> 00:14:24.799 can have legislation and clarity, but if you don't have 262 00:14:24.919 --> 00:14:28.080 people dedicated to stopping bad actors, like for every industry, 263 00:14:28.480 --> 00:14:30.240 then you know the bad actors are going to continue 264 00:14:30.279 --> 00:14:32.759 doing your thing. And sure some of the litigation may 265 00:14:32.840 --> 00:14:35.480 mitigate some of these things, but I think you need 266 00:14:35.519 --> 00:14:38.320 a dedicated task force like what they're trying to establish here. 267 00:14:38.360 --> 00:14:40.960 So this will be really good. Now look at this, folks. 268 00:14:41.039 --> 00:14:45.480 Trust Wallet taps Revolute for crypto purchases in Europe, so 269 00:14:45.600 --> 00:14:48.720 again the on and off ram is being established globally 270 00:14:48.840 --> 00:14:51.919 for more capital to come into this market. Trust Wallet 271 00:14:52.000 --> 00:14:55.440 the self custodial crypto wallet owned by Binance co founder 272 00:14:55.679 --> 00:14:59.240 Chang Peng Zau or cz has partnered with European fintech 273 00:14:59.320 --> 00:15:02.759 Unicorn and digital banking giant Revolute to introduce a new 274 00:15:02.759 --> 00:15:06.159 way to purchase crypto assets on its platform. So trust 275 00:15:06.200 --> 00:15:09.759 Wallet users can now buy bitcoin, ether, Solana with Revelue 276 00:15:09.799 --> 00:15:13.120 through a direct integration, the company said on Thursday, with 277 00:15:13.240 --> 00:15:16.440 a minimum purchase starting at ten euros or twelve dollars 278 00:15:16.480 --> 00:15:19.320 and capped at twenty three thousand euros or twenty six 279 00:15:19.799 --> 00:15:23.879 nine fifty dollars daily and per transaction. Trust Wallet's new 280 00:15:23.919 --> 00:15:26.840 buy option is expected to provide a faster and easy 281 00:15:26.879 --> 00:15:31.519 way to access crypto from Europe. In October, Revolute score 282 00:15:31.600 --> 00:15:35.679 regulatory approval from the Cypersecurities and Exchange Commission to offer 283 00:15:35.759 --> 00:15:40.639 crypto services across thirty European Economic Area markets in compliance 284 00:15:40.639 --> 00:15:47.320 with the Europeans' Markets in Crypto Assets Regulations or MICA Framework. So, folks, again, 285 00:15:47.840 --> 00:15:50.320 auto m's being set up across the globe. This is 286 00:15:50.360 --> 00:15:53.559 what you want to see as an investor, and more adoption, 287 00:15:53.799 --> 00:15:58.200 more capital coming in, more building and much more moving ahead. 288 00:15:58.279 --> 00:16:02.759 Bhutan goes for gold and now says sovereign backed RWA token. 289 00:16:03.000 --> 00:16:05.840 We know Bhutan is very bullish on crypto. They're mining crypto, 290 00:16:05.879 --> 00:16:08.840 they're buying crypto. They're doing a lot, and it looks 291 00:16:08.840 --> 00:16:12.039 like they're getting into the tokenized gold game here or 292 00:16:12.519 --> 00:16:17.320 a token backed by a gold so man I can't pronounce. 293 00:16:17.440 --> 00:16:22.360 Is Jeleeffu Mindfulness City GMC, a Special Administrative Zone of 294 00:16:22.440 --> 00:16:25.600 Bhutan and aunced on Wednesday that it is launching a 295 00:16:25.720 --> 00:16:30.840 sovereign gold backed digital token called ter Teer. The physical 296 00:16:30.840 --> 00:16:34.279 gold deposits will be custodied by dk Bank, a digital 297 00:16:34.320 --> 00:16:37.679 asset bank regulated by the Government of Bhutan and issued 298 00:16:37.720 --> 00:16:41.720 on the Solana blockchain network against Solana. Again, right, we 299 00:16:41.759 --> 00:16:45.000 saw JP Morgan is building on Solana, So I'm a 300 00:16:45.000 --> 00:16:48.200 sol token holder. This is why it's important to diversify, folks. 301 00:16:48.360 --> 00:16:52.320 So matrix DOC, a real world asset tokenization platform, is 302 00:16:52.399 --> 00:16:56.080 the technology partner responsible for tokenizing the real world asset 303 00:16:56.519 --> 00:16:59.639 on the blockchain. So, folks, it's what I've been saying 304 00:16:59.679 --> 00:17:02.559 again and again. Right, all these assets are going unchain 305 00:17:02.639 --> 00:17:05.440 the token economy, all of it running on blockchain rails. 306 00:17:05.480 --> 00:17:07.720 So I hope you see the direction of puck is 307 00:17:07.759 --> 00:17:10.880 heading here, and you have a macro view and your 308 00:17:10.920 --> 00:17:13.640 patient about the market, and here's some news around this, 309 00:17:13.759 --> 00:17:17.559 say crypto blockchain. I don't hold say in my portfolio, 310 00:17:17.640 --> 00:17:21.680 but z me if I'm saying that right or Eami 311 00:17:22.240 --> 00:17:25.799 to pre install say crypto wallet on millions of phones 312 00:17:25.960 --> 00:17:28.799 in global rollout. So I never heard of this. So 313 00:17:28.839 --> 00:17:32.319 Say Labs, the core development group behind is Say blockchain, 314 00:17:32.400 --> 00:17:36.880 has reached a distribution deal with against Ziami or Eami 315 00:17:37.279 --> 00:17:40.160 to pre install a new crypto wallet and discovery app 316 00:17:40.240 --> 00:17:43.920 on all of their smartphones sold outside mainland China and 317 00:17:43.960 --> 00:17:47.079 the US. So I guess this is some mainland China phone. 318 00:17:47.400 --> 00:17:50.000 I've never heard of it. By the way, apologies if 319 00:17:50.799 --> 00:17:53.559 some of you know about it, I don't. According to 320 00:17:53.960 --> 00:17:56.799 Thursday's announcement, the Apple Let users sign in with their 321 00:17:56.839 --> 00:18:00.759 existing Google or Zami IDs and will will feature a 322 00:18:00.880 --> 00:18:06.079 multi party computation waller for security, access to popular crypto applications, 323 00:18:06.519 --> 00:18:11.039 and support for both peer to peer merchant payments. Guys, 324 00:18:11.119 --> 00:18:13.680 look at what's being built here. We know Samsung and 325 00:18:13.960 --> 00:18:16.640 is doing their thing with crypto. It already has a 326 00:18:16.720 --> 00:18:20.359 wallet built in, so I'm just blown away at the 327 00:18:20.359 --> 00:18:24.720 infrastructure that's being set up here now. State Street, Galaxy, 328 00:18:24.759 --> 00:18:28.160 and Ondo joined tokenized cash race with twenty four to 329 00:18:28.160 --> 00:18:31.599 seven sweep fund so big names here and ONO is 330 00:18:31.640 --> 00:18:32.759 a part of it. Many of you know. I'm a 331 00:18:32.759 --> 00:18:37.200 Onto token holder. I most recently interviewed Nathan Allman at 332 00:18:37.519 --> 00:18:40.480 chain Link smart Con, so we talked about Ondo. Just 333 00:18:40.559 --> 00:18:42.359 I think was it this week or last week the 334 00:18:42.400 --> 00:18:46.240 SEC dropped their investigation into Onto. You know that was 335 00:18:46.240 --> 00:18:49.640 a legacy investigation from the Gary Ginster days. So State 336 00:18:49.720 --> 00:18:53.960 Street Investment Management and Galaxy Asset Management are joining forces 337 00:18:54.000 --> 00:18:57.480 with Onto Finance on a tokenized liquidity fund that will 338 00:18:57.519 --> 00:19:02.119 push cash sweep balances directly onto public blockchains, creating a 339 00:19:02.119 --> 00:19:05.559 potential source of twenty four to seven on chain liquidity. 340 00:19:06.039 --> 00:19:09.559 The planned State Street Galaxy on Chain Liquidity sweet Fund 341 00:19:09.640 --> 00:19:12.759 or SWEEP, is designed to take in and pay out 342 00:19:12.799 --> 00:19:17.440 paypals pyus, the stable coin for accredited investors. The company 343 00:19:17.480 --> 00:19:20.759 said on Tuesday. Ontoicks expected to see the fund with 344 00:19:20.839 --> 00:19:24.519 two hundred million dollars, tying a major tokenized real world 345 00:19:24.599 --> 00:19:28.599 asset issuer directly into State Streets tokenization stack. The fund 346 00:19:28.680 --> 00:19:31.920 will be powered by Galaxy Digital Infrastructure, while State Street 347 00:19:31.920 --> 00:19:35.839 Bank and Trust Company, an affiliate of State Street Investment Management, 348 00:19:35.960 --> 00:19:39.839 will act as custodian. SWEEP is set to launch on 349 00:19:40.039 --> 00:19:45.359 Salana in early twenty twenty six, man with rollouts on 350 00:19:45.440 --> 00:19:49.799 other networks including Stellar Ethereum to follow using chain links, 351 00:19:50.119 --> 00:19:55.359 crosschain interoperability protocol. Folks, all of these tokens here I hold, 352 00:19:55.720 --> 00:19:57.839 and it's not because I just simply threw a dart 353 00:19:57.920 --> 00:20:00.759 at the board. I looked at what they're liquidity ones, 354 00:20:00.839 --> 00:20:04.599 their tokenomics and the adoption, right, that's so important. So 355 00:20:04.640 --> 00:20:06.440 that's why I have Soul in my portfolio. I have 356 00:20:06.519 --> 00:20:09.720 some Excelm not as big as my other holdings Etherorem 357 00:20:09.759 --> 00:20:11.599 I have in my portfolio, and of course chain like 358 00:20:11.720 --> 00:20:13.440 many of eve, you know, I'm bullish on this project 359 00:20:13.680 --> 00:20:18.039 because every other blockchain and trii FI companies using chain links, connectivity, 360 00:20:18.880 --> 00:20:21.759 their bridges, they're oracles and much more so, they are 361 00:20:21.920 --> 00:20:25.359 building an incredible technology that can be used by everyone 362 00:20:25.400 --> 00:20:28.160 in the crypto industry. So this is bullish news on 363 00:20:28.319 --> 00:20:30.839 multiple fronts. I hope you guys see what's happening here. 364 00:20:30.880 --> 00:20:34.240 I'm not making this up. It's not my feelings or emotions, 365 00:20:34.359 --> 00:20:37.119 is the fact. So again, the reason I'm saying that 366 00:20:37.200 --> 00:20:38.519 you're going to see a lot of comments feel a 367 00:20:38.519 --> 00:20:41.240 Salona sucks and this sucks, and it's like bro Are 368 00:20:41.240 --> 00:20:43.400 you here to make money or for a religion? Right, 369 00:20:43.759 --> 00:20:47.240 So look at the adoption that's happening. So just make 370 00:20:47.279 --> 00:20:48.960 sure you do your research and take your bets and 371 00:20:49.000 --> 00:20:52.119 don't be emotional about these tokens. Just look for the 372 00:20:52.160 --> 00:20:55.960 adoption like this. Finally, you AE Telco giant E and 373 00:20:56.200 --> 00:20:59.200 if I'm saying that right, taps Durham stable coin for 374 00:20:59.559 --> 00:21:04.799 bill payments pilot. So the United Arab Emirates, a telecom 375 00:21:04.839 --> 00:21:09.440 giant e end, is reportedly preparing to test whether regulated 376 00:21:09.480 --> 00:21:13.799 stable coins can support mainstream consumer payments, having signed a 377 00:21:13.839 --> 00:21:17.960 memorandum of understanding with Al Maria Community Bank to explore 378 00:21:18.000 --> 00:21:21.640 the use of a Durham pegged stable coin across as 379 00:21:21.680 --> 00:21:25.680 digital channels. Man, look at what is being built here, guys, 380 00:21:25.680 --> 00:21:28.960 and it's again happening across the globe. So, according to 381 00:21:29.240 --> 00:21:33.039 a Golf News report, executives framed the collaboration as part 382 00:21:33.079 --> 00:21:38.200 of the UAES push toward regulated digital finance. Hattem dawidar 383 00:21:38.759 --> 00:21:42.839 e and Group CEO said, the stable coin enables instant settlement, 384 00:21:43.119 --> 00:21:48.720 complete transparency and friction less access. They're starting to wake up, 385 00:21:48.839 --> 00:21:52.200 they're starting to get it. They're getting educated. The stuff 386 00:21:52.279 --> 00:21:55.960 we've been talking about on this podcast for years. Guys. 387 00:21:56.079 --> 00:21:58.160 Come on, I've been here since twenty sixteen. I started 388 00:21:58.160 --> 00:22:01.960 to pod late twenty seventeen talking about it and how 389 00:22:02.359 --> 00:22:05.119 everything will go on the blockchain because it's just the 390 00:22:05.160 --> 00:22:08.039 next layer on top of the Internet, eliminates a lot 391 00:22:08.079 --> 00:22:13.000 of the middleman. It runs twenty four to seven instant settlement, transparency, 392 00:22:13.279 --> 00:22:15.599 you don't have to wait days for the transaction, and 393 00:22:15.640 --> 00:22:19.599 you have a network a consensus of validators saying this 394 00:22:19.960 --> 00:22:23.200 is the exact transaction, this is what's happening. It's real time, 395 00:22:23.599 --> 00:22:26.599 so there's no confusion, there's no ambiguity. And all the 396 00:22:26.640 --> 00:22:30.000 banks and all the financial institutions and stock exchanges and governments, 397 00:22:30.119 --> 00:22:34.200 they are all getting on board, folks. It's inevitable. They 398 00:22:34.240 --> 00:22:36.720 got to get on this train or they're gonna be 399 00:22:37.039 --> 00:22:40.680 left in the old world. The things are changing and 400 00:22:40.720 --> 00:22:42.960 we're headed to a more digital world, folks. And you know, 401 00:22:43.000 --> 00:22:45.640