WEBVTT

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<v Speaker 1>The SEC hosted its first crypto roundtable today. I'll give

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<v Speaker 1>you the major takeaways and Quinbase is about to make

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<v Speaker 1>a massive acquisition that's going to be a game changer

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<v Speaker 1>for the crypto industry and Tornado Cash, the crypto mixing

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<v Speaker 1>platform has scored a huge win against o fac. I'll

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<v Speaker 1>give it to details. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto podcast. You're home for cryptocurrency

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<v Speaker 1>news and the interviews. I'm your host, Tony Edward. On

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<v Speaker 1>your way in. Please let that subscribe button as well

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<v Speaker 1>as the thumbs up button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a rating and review. Folks. Today

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<v Speaker 1>was the first ever crypto roundtable held by the SEC

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<v Speaker 1>in Washington, DC, and it was actually at the SEC headquarters. Guys,

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<v Speaker 1>this is amazing. I love the transparency, I love the openness.

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<v Speaker 1>This is a complete one eighty from what scumbag regulator

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<v Speaker 1>Gary Ginster was doing over the past four years. And

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<v Speaker 1>of course Hester Purse is leading to charge along with

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<v Speaker 1>Mark and we got Paul Atkins who's going to be

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<v Speaker 1>confirmed around March twenty seventh, so later this month and

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<v Speaker 1>then I'm sure he'll be fully situated in office come April.

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<v Speaker 1>So exciting times. We're getting a lot of clarity from

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<v Speaker 1>the SEC, a lot of cases being dropped. Obviously, the

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<v Speaker 1>big one from this week was the SEC dropping the

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<v Speaker 1>Ripple case appeal. So there was your mix of pro

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<v Speaker 1>crypto folks but also your crypto naysayers. Bill Hughes of

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<v Speaker 1>Consensus did a great job of putting together a summary

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<v Speaker 1>here saying crypto optimists or advocates said, the current law

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<v Speaker 1>and future of the infinite how we decisions are not

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<v Speaker 1>a workable regulatory regime. Start with what is a security

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<v Speaker 1>and what isn't. But a more interesting and somewhat trickier

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<v Speaker 1>question is, out of the securities, what deserves exemptive relief?

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<v Speaker 1>What's the thing that justifies a different approach to crypto?

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<v Speaker 1>And if it is control, then how do we define it?

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<v Speaker 1>Securities laws are going to apply to a lot more

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<v Speaker 1>of this stuff than people think, based on how bullish

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<v Speaker 1>the current administration is. So, guys, there's a lot to

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<v Speaker 1>work to do here. But in order to get to

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<v Speaker 1>the destination of clarity and clear rules and the SEC

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<v Speaker 1>helping Congress to craft these rules, we need to have dialogue, right,

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<v Speaker 1>It's important to bring in different law experts, different industry experts,

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<v Speaker 1>and the SEC is doing the job of listening and

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<v Speaker 1>also participating in the conversation. This is what we want.

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<v Speaker 1>So this is the start of something really big, and

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<v Speaker 1>they're going to do more roundtables. Now, you had your

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<v Speaker 1>crypto skeptics, for example John reid Stark, you know, clowns

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<v Speaker 1>like that coming in their main takeaways where people buy

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<v Speaker 1>crypto for investment. SEC's mission is investor protection and that's

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<v Speaker 1>as far as you need to parse jurisdiction. The SEC

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<v Speaker 1>won many more motions than it lost, so how he

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<v Speaker 1>is clearly the answer here. Can we all agree this

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<v Speaker 1>crypto stuff is just done? Now, this was mostly from

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<v Speaker 1>John reid Stark, So of course you got the clown

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<v Speaker 1>in the room, right, And remember he went on sixty

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<v Speaker 1>minutes when BRADGARL. House, a ripple CEO, went on sixty minutes,

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<v Speaker 1>said a whole bunch of nonsense as well. But hey,

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<v Speaker 1>what are you gonna do. You need haters, right, you

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<v Speaker 1>need detractors. Because he's probably in line with some of

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<v Speaker 1>the incumbents being disrupted, so that's why he's saying these things,

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<v Speaker 1>And of course Caroline Crenshaw was there, the single remaining

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<v Speaker 1>Democratic Commissioner. She's outnumbered, of course, but she was still

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<v Speaker 1>on her same bs as well. But John reid Stark

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<v Speaker 1>was the clown in the room for the most part.

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<v Speaker 1>But guys, overall, the administration is pro crypto. Congress is

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<v Speaker 1>ready to pass legislation for market structure as well as

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<v Speaker 1>stable coins, so it doesn't matter what clowns like John

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<v Speaker 1>reid Stark have to say. In fact, Teressa Goudi Gilan,

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<v Speaker 1>who if you recall she was in a running to

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<v Speaker 1>be an SEC chair, she said how he was never

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<v Speaker 1>intended to regulate an entire industry nor technology. So guys,

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<v Speaker 1>we know how we was created back in the nineteen

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<v Speaker 1>thirties forties, right, And this was before the Internet, before blockchain,

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<v Speaker 1>before tokens were on a decentralized blockchain distributed globally, before

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<v Speaker 1>people could even fathom in their mind the concept of

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<v Speaker 1>the Internet. So it is not fit to regulate this

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<v Speaker 1>type of asset. We need an updated version or an

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<v Speaker 1>entirely different tests for digital assets, because once again these

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<v Speaker 1>things are not just in the United States. This is

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<v Speaker 1>not an Orange grove in Florida within the walls of

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<v Speaker 1>the border of the United States. These things are global.

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<v Speaker 1>What if a token was issued overseas, but it's trading

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<v Speaker 1>in the US and vice versa. You know what happens there.

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<v Speaker 1>What if the majority of the tokens are trading outside

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<v Speaker 1>the US, but a good amount is in the US.

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<v Speaker 1>So you have all these complexities. And then when the

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<v Speaker 1>blockchains are decentralized and the tokens are just moving on

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<v Speaker 1>their own with market participants and not necessarily the issuer

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<v Speaker 1>or the foundation, you know who's helping to build adoption

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<v Speaker 1>and things like that, what are you going to do?

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<v Speaker 1>How are you going to regulate it? So all of

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<v Speaker 1>these nuances need to be regulated, and the Howie tests

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<v Speaker 1>is not up to par to regulate this, so that

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<v Speaker 1>common sense telps you that, right guys. So but like

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<v Speaker 1>I said, the big takeaway transparency dialogue, all of these

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<v Speaker 1>things very bullish for the market and industry, will lead

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<v Speaker 1>to clarity, guys. Now, speaking of crypto legislation, the House

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<v Speaker 1>Financial Services GOP tweeted out at chairman Representative French Hill

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<v Speaker 1>announces the April hearing scheduled and the key highlights and

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<v Speaker 1>I'll just highlight the one that's related to crypto. They

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<v Speaker 1>have a hearing titled American Innovation and the Future of

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<v Speaker 1>Digital Assets, Aligning the US Securities laws for the Digital Age. Now,

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<v Speaker 1>many of you know I've had Congressman French Hill on

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<v Speaker 1>the podcast many times. I'm hoping to get him back

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<v Speaker 1>on soon. And by the way, next week I'm interviewing

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<v Speaker 1>Congressman Brian Style out of Wisconsin, who's been working with

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<v Speaker 1>French Hills. So, guys, trying to get all these folks

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<v Speaker 1>who are working on legislation on the podcast so you

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<v Speaker 1>can hear directly from them. But you can see crypto

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<v Speaker 1>is on the agenda here, guys, and it's a high priority,

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<v Speaker 1>So very bullish. Moving ahead, We've got huge news coming

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<v Speaker 1>out around coinbase. Coinbase is acquiring Deribit. Talks reach advanced

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<v Speaker 1>stage according to Bloomberg. Now you may say, what the

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<v Speaker 1>hell is deribit, Well, guys, Deribit controls over eighty percent

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<v Speaker 1>of the options market, and Jason Yanovitz a block Work, said,

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<v Speaker 1>I'd expect this to be the largest acquisition in crypto history.

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<v Speaker 1>That's even bigger than what we saw announced just this week,

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<v Speaker 1>which is Cracking acquiring Ninja Trader for one point five

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<v Speaker 1>billion dollars. Guys, this is amazing, right, what's happening pretty incredible.

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<v Speaker 1>And remember last year Stripe acquired Bridge, the stable coin platform,

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<v Speaker 1>for a billion dollars. These are signs of growth the

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<v Speaker 1>bullish market, right. These companies are not doing this to

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<v Speaker 1>lose money. I've often said that they're looking to expand

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<v Speaker 1>their footprint, gain as much market share as possible. They're

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<v Speaker 1>expanding globally, they're acquiring businesses. I mean, if you think

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<v Speaker 1>about it outside the crypto market, just look at other

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<v Speaker 1>companies that have grown through a quisitions like Google. Google

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<v Speaker 1>didn't create YouTube, they bought YouTube right and other products,

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<v Speaker 1>and there are many other examples. But I hope you

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<v Speaker 1>guys understand what I'm saying. So this is so huge, Guys,

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<v Speaker 1>where we're headed. I don't think people realize what's happening.

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<v Speaker 1>So the companies have notified the regulators in Dubai. So

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<v Speaker 1>the companies have notified regulators in Dubai about the discussions,

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<v Speaker 1>as dera bit holes a license there which would be

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<v Speaker 1>taken over by and acquire, Bloomberg said, citing anonymous sources.

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<v Speaker 1>Deribit is the world's largest trading platform for bitcoin and

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<v Speaker 1>ether options, while Coinbase is the biggest US crypto exchange

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<v Speaker 1>according to a platform Kaiko, man, I don't know what

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<v Speaker 1>to say if you don't see what is happening here.

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<v Speaker 1>I don't know what to say for into you right,

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<v Speaker 1>because this is massive and I just see big players

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<v Speaker 1>moving chess pieces here on the board, and they are

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<v Speaker 1>setting the stage for a massive bull run, not just

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<v Speaker 1>a cycle, but future bull markets because tokenization is going

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<v Speaker 1>to be the next big phase when they're going to

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<v Speaker 1>put all these traditional assets on the blockchain. Guys now,

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<v Speaker 1>quick word from our sponsor, and that is bitgo, which

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<v Speaker 1>is one of the top tier crypto custodians in the

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<v Speaker 1>crypto industry. They're headed up by Mike Belshie, who's a

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<v Speaker 1>web one point zero and two point er legend. Bitco

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<v Speaker 1>has been around for many bull and bear markets. Guys

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<v Speaker 1>Day custody over one hundred billion dollars of assets on

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<v Speaker 1>their platform. They work with many big companies and enterprises

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<v Speaker 1>in the crypto industry, such as twenty one Shares which

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<v Speaker 1>issues bigcoe in etherorem ETFs, Pantera Capital does Dan Moorehead's

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<v Speaker 1>hedge fund Suite, a token project and bitstamp exchange. So

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<v Speaker 1>they provide a variety of services, wallet services, custody of course,

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<v Speaker 1>prime services. It's all in one. And they also have

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<v Speaker 1>a retail platform and you can buy, sell, trade and

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<v Speaker 1>stay crypto on this platform, guys. And they support a

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<v Speaker 1>variety of all coins and they have a great self

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<v Speaker 1>hosted wallet that you can use as well. So if

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<v Speaker 1>you'd like to learn more about bitgo, go to bitgo

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<v Speaker 1>dot com. Link will be in the description. Now here's

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<v Speaker 1>another big win. Tornado Cash, which is the crypto mixer

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<v Speaker 1>platform that has been attacked over the years. As you

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<v Speaker 1>guys know, and you know we've talked about it, it's

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<v Speaker 1>not the tool or the platform, it's the bad actor.

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<v Speaker 1>So bad actors use a technology that is not a

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<v Speaker 1>crime for the founders of that platform. The government, as

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<v Speaker 1>with all things, have to go after the bad actors.

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<v Speaker 1>But we know they were attacking cryptos that are trying

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<v Speaker 1>to shut all this stuff down. Well, apparently, in fact,

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<v Speaker 1>the Office of Foreign Assets Control they have delisted tornado

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<v Speaker 1>Cash here and here. Bilagi stren of us and said

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<v Speaker 1>privacy wins. Tornado Cash is legal now. Roman Storm and

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<v Speaker 1>alexey per Stev should immediately be freed, pardon and reimbursed

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<v Speaker 1>by the state for their invalid prosecution. So those are

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<v Speaker 1>the founders, of course, so why should they be persecuted.

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<v Speaker 1>Why wasn't the law enforcement and government folks going after

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<v Speaker 1>the bad actors? They can track all that stuff. It's

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<v Speaker 1>on the blockchain, they have IPA and all that, right,

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<v Speaker 1>But it was the attack on crypto. But this is

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<v Speaker 1>great news, guys. Crypto is winning. We're getting clarity across

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<v Speaker 1>the board, and we're moving in the right direction here.

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<v Speaker 1>Now check this news out around Meta Planet. The CEO,

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<v Speaker 1>Simon Gorovich tweeted out Metaplanet is thrilled to welcome Eric

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<v Speaker 1>Trump to the newly formed strategic board of advisors. His

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<v Speaker 1>business expertise and passion for bitcoin will help drive our

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<v Speaker 1>mission forward as we continue building one of the world's

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<v Speaker 1>leading bitcoin treasury companies. For those of you who don't remember,

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<v Speaker 1>I've often shared the news around Metaplanet buying bitcoin. They

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<v Speaker 1>are using the micro strategy or Strategies playbook where they

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<v Speaker 1>are buying bitcoin as a treasury reserve asset. They are

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<v Speaker 1>a publicly traded company in Japan and once again doing

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<v Speaker 1>the same thing as micro Strategy raising debt buying Bitcoin.

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<v Speaker 1>So interesting that Eric Trump is joining their board of advisors.

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<v Speaker 1>So pretty amazing stuff. Now, this week we shared some

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<v Speaker 1>news around securitized, the platform that is helping companies to

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<v Speaker 1>tokenize the help Blackrock to launch your tokenize fund. Well,

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<v Speaker 1>their CEO, Carlos Domingo, who I've had on the podcast,

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<v Speaker 1>he tweeted a recap. He says, it's been an eventful

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<v Speaker 1>last few days. Let me recap. BlackRock's BIDDLE exceeded one

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<v Speaker 1>billion dollars and became the largest tokenized treasury fund and

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<v Speaker 1>is now close to one point five billion dollars. Yesterday

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<v Speaker 1>we celebrated its first year anniversary. Two our total assets

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<v Speaker 1>under management is now trending towards three billion dollars. The

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<v Speaker 1>largest tokenization platform in the industry by far. Number three

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<v Speaker 1>we launch converge on chain with Athena Labs to bring

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<v Speaker 1>institutional DeFi and RWAs together. Number four we hosted Tokenized

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<v Speaker 1>dot NYC with friends from Wormhole and it was an

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<v Speaker 1>awesome conference. Number five we won the largest RWA allocation

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<v Speaker 1>from Spark with five hundred million dollars coming into BIDDLE

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<v Speaker 1>soon competing against thirty nine companies. Hard work pays off,

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<v Speaker 1>he proceeds to say that thanks to all the people

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<v Speaker 1>that securitize for making this happen in amazing guys. I mean,

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<v Speaker 1>this is mind blowing what's taking place here. And once again,

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<v Speaker 1>this is not making big headlines on CNBC or Fox

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<v Speaker 1>or wherever you get your mainstream news. It's not the

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<v Speaker 1>majority of people don't even know what the hell is

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<v Speaker 1>going on here. But we do, and we are early,

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<v Speaker 1>early adopters, and we have bought the dips, we've bought

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<v Speaker 1>the blood and streets, the lows, and we have the

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<v Speaker 1>ability to make incredible returns here. And of course the

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<v Speaker 1>people who are not paying attention, they're going to be

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<v Speaker 1>part of what's called the dumb money crowd. I didn't

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<v Speaker 1>make that term up. They come in at the top,

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<v Speaker 1>right with the herd, with the mainstream telling them, oh,

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<v Speaker 1>look at this, this is going crazy. Great, you should

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<v Speaker 1>be buying Jim Kramer, right, you should be buying. But

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<v Speaker 1>that's when we are looking to sell, folks. And this

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<v Speaker 1>is why you have to educate yourself. This is why

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<v Speaker 1>knowledge is power. And patch yourself on the back. If

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<v Speaker 1>you're here early and you understand what's taking place, all right, guys,

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<v Speaker 1>that's the news Let me nature think heads up. I'll

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<v Speaker 1>be publishing my interview with Jasmine Cooper had a product

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<v Speaker 1>at Ripplex tomorrow. We talk all things XRP ledger, tokenization,

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<v Speaker 1>on the XRP Ledger, much more. You don't want to

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<v Speaker 1>miss this one, so it'll be published in the morning.

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<v Speaker 1>You can check it out and guys, A great way

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<v Speaker 1>you can support me in the podcast is by subscribing

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<v Speaker 1>to my free email newsletter. It's one hundred percent free.

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<v Speaker 1>It's on Substack. Check out my book on Amazon. It's

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<v Speaker 1>available in paperback and digital. Also sign up for my

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<v Speaker 1>new course at Mycrypto course dot com. It's a comprehensive

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<v Speaker 1>course that covers every aspect of crypto, guys, and what

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<v Speaker 1>makes it unique and different from any other course out there.

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<v Speaker 1>It features expert commentary. You will hear from founders, CEOs,

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<v Speaker 1>institutional investors breaking down to different aspects of crypto and

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<v Speaker 1>as I said earlier, knowledge is power, so you're going

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<v Speaker 1>to hear from people who are actually building in this industry.

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<v Speaker 1>And you pay a one time fee, you get lifetime

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<v Speaker 1>access go at your own pace share to log in

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<v Speaker 1>with your friends and family, and the course features full

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<v Speaker 1>text write ups of course videos, downloadable materials, so if

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<v Speaker 1>you'd like to learn more, go to mycryptocurse dot com.

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<v Speaker 1>Thank you guys for watching and listening. I appreciate you all,

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<v Speaker 1>and I'll talk to you all later