Speaker 1: We have major updates from the SEC as Paul Atkins
Speaker 1: the new chair. His confirmation date has been confirmed by
Speaker 1: Congress and hester Purse and Marketway to release details on
Speaker 1: crypto mining and if they are securities activities or not.
Speaker 1: And President Trump speaks at a crypto conference. In addition,
Speaker 1: two major stock exchanges are moving to twenty four hour
Speaker 1: trading because of crypto. I'll give it to details. Let's
Speaker 1: get into it. Hey, everybody, welcome into The Thinking Crypto Podcasts.
Speaker 1: You're home for cryptocurrency news and interviews. I'm your host,
Speaker 1: Tony Edward. On your way in. Please sit that subscribe
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Speaker 1: President Trump today spoke at the DS Crypto Summit in
Speaker 1: New York City and it was a recorded video, it
Speaker 1: was not a live feed, and he said, together we
Speaker 1: will make America the undisputed bitcoin superpower and crypto capital
Speaker 1: of the world. So he doubled down on his mission.
Speaker 1: And while he didn't give any new information, he did
Speaker 1: expand on what is going to come next, and that
Speaker 1: is he wants to get legislation through for crypto market
Speaker 1: structure as well as stable coins. He actually mentioned crypto
Speaker 1: market structures. So very bullish. Even though there's no major
Speaker 1: news here as far as something new, still, you have
Speaker 1: the sitting president of the United States taking time to
Speaker 1: do this. I think it's very important and crypto is
Speaker 1: going to be a big part of the economy moving forward.
Speaker 1: We've talked about tokenization, stable coins, and more. Bo Hines
Speaker 1: retweeted the video of Trump talking about crypto, saying, under
Speaker 1: the leadership of the President of the United States and
Speaker 1: our AI and cryptos are David Sachs, we will usher
Speaker 1: into Golden age for digital assets, ensuring that the United
Speaker 1: States is the crypto capital of the world. Now, I'm
Speaker 1: trying to get an interview with Boa. I'm in contact
Speaker 1: with him, so stay tuned. I'll try to get that
Speaker 1: for you guys. And today, Tether CEO Paulo Ardouino, who've
Speaker 1: had on the podcast, said Tether was the seventh largest
Speaker 1: buyer of US treasuries in twenty twenty four compared to
Speaker 1: other countries. Guys, what have I been telling you? China
Speaker 1: has been ramping down in their purchasing of US treasuries,
Speaker 1: but stable coin issuers have been backing their issuance and
Speaker 1: their reserves with US treasuries. This is why there is
Speaker 1: an urgency for stable coin legislation, because the United States
Speaker 1: wants this. It helps the Treasury, it helps the FED,
Speaker 1: and it helps support the US dollar from a world
Speaker 1: reserve currency status. So the fact that Tether is the
Speaker 1: seventh largest and ahead of them is the United Kingdom, right, Singapore, Belgium, Luxembourg,
Speaker 1: Frans and Cayman Islands. This is incredible and folks, this
Speaker 1: will only continue to grow, and not only Tether but
Speaker 1: other stable coin issuers as well. Here's some data from
Speaker 1: DeFi Lama. Today, the stablecoin market surpasses two hundred and
Speaker 1: thirty billion dollars for the first time ever, up over
Speaker 1: five point one billion dollars in the past thirty days
Speaker 1: and two point three billion dollars in just the past week.
Speaker 1: So stable coin issuance is growing not just for the
Speaker 1: use in purchasing crypto assets and trading, but also for
Speaker 1: yield for people to make payments and much more. Guys,
Speaker 1: things are really booming here and it's exciting and I
Speaker 1: think the best is yet to come in this bull
Speaker 1: market because once the legislation, the old coin ets and
Speaker 1: all these things are live, you're going to see a
Speaker 1: lot of capital flow into the market. There's still a
Speaker 1: lot of capital sitting on the sidelines. They don't want
Speaker 1: to touch anything because the clear legislation is not there.
Speaker 1: Certain institutions can make that move, and many of them
Speaker 1: are risk averse, so they're listening to their legal team, right.
Speaker 1: They're going to follow the direction of those folks. But
Speaker 1: once the legislation's in place, guys, the floodgates will be open.
Speaker 1: Now we have confirmation on when new SEC chair Paul
Speaker 1: Atkins will be confirmed, and that is on Thursday, March
Speaker 1: twenty seventh. I had reported on that I think yesterday
Speaker 1: day before, but it was just a rumor. We didn't
Speaker 1: get confirmation. But it's coming out from Chairman Tim Scott
Speaker 1: and the folks in the Senate that this is happening.
Speaker 1: So Paul Atkins will be in the SEC by the
Speaker 1: end of the month or into early April. So exciting
Speaker 1: times and we should get some clear directions from him
Speaker 1: as far as ETFs and some of the maybe outstanding
Speaker 1: items would ripple with the fine and much more, but
Speaker 1: overall the lawsuit would Ripple is done right, the SEC
Speaker 1: is not going after Ribble anymore, so very good news.
Speaker 1: We got confirmation there. In addition, marky Wada and Hester
Speaker 1: pers and the Crypto Task Force continue to do great work. Today,
Speaker 1: the SEC put out guidance on how certain proof of
Speaker 1: work mining activities should be viewed under existing securities laws.
Speaker 1: So they're essentially saying, hey, a lot of these crypto
Speaker 1: proof of work mining they're not securities. So it's great
Speaker 1: to have that clarity, guys. And they put out a
Speaker 1: full write up on their website that you can go
Speaker 1: review and a look at it. So really really great stuff.
Speaker 1: This is what we wanted other against there. But you know,
Speaker 1: he was all political. He was a puppet on strings
Speaker 1: following Elizabeth Warren's orders. And here Cody Carbone, who is
Speaker 1: now the CEO of the Digital Chamber by the way,
Speaker 1: said huge for bitcoin miners. The SEC just clarified that
Speaker 1: proof of work mining does not involve the offer or
Speaker 1: sale of securities. This gives much needed legal clarity and
Speaker 1: clears the path for the mining industry to grow in
Speaker 1: the United States. This is great stuff, guys. Now on
Speaker 1: the SEC front, we also got a bit Wise filing
Speaker 1: to add staking to their etherorem etf spot ETF that is,
Speaker 1: and we're seeing not only them, but multiple players. I
Speaker 1: think the SEC is going to prove staking any theorem
Speaker 1: ets very soon. Of course, they'll do it for other
Speaker 1: proof of steak blockchains once they get their ets. But
Speaker 1: this is really great news. Let me give you some
Speaker 1: details here. Blackrocks, head of Digital Assets, spoke about the
Speaker 1: potential benefits of allowing steak for spot etherem ETFs, which
Speaker 1: by some estimations, have underperformed in terms of attracting investors. Meanwhile,
Speaker 1: the New York Stock Exchange ARCA filed a proposed rule
Speaker 1: change that would pave the way for permitting bit Wise's
Speaker 1: ethererem metaf to earn yield from staking the cryptocurrency guys,
Speaker 1: I'm calling it now. Once this is approved and staking
Speaker 1: is available in ETFs, you're going to see a lot
Speaker 1: of inflows into etherorem and I think the price is
Speaker 1: going to surge. Etheroreum has underperform this cycle, but I
Speaker 1: think it's going to have its day. Every dog has
Speaker 1: its day, and when you have a major catalyst like this,
Speaker 1: you will see a lot of inflows. Now I'm not
Speaker 1: saying it's going to be the best performing asset. Like
Speaker 1: I think XRP is going to outperform Etheroreum this cycle,
Speaker 1: and there may be some other all coins that will
Speaker 1: outperform XRP. Right, it just depends where they're at in
Speaker 1: the cycle, what are the catalysts, and much more. But guys,
Speaker 1: things are setting up beautifully here for the next phase
Speaker 1: of the bull run. I hope you're not getting in patient.
Speaker 1: Areing to see some comments people are getting a little
Speaker 1: depressed tired, right, But this is investing. You got to
Speaker 1: exercise patients. This is not playing the lottery. This is
Speaker 1: not going to the casino. So you got to throw
Speaker 1: that mindset out the door. And when it comes to
Speaker 1: this stuff, you got to study the charge, look at
Speaker 1: the macro and understand the cycles that are playing out.
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Speaker 1: Link will be in the description. Now, we have an
Speaker 1: interesting report coming out here that both the NASDAK and
Speaker 1: this New York Stock Exchange are in the process of
Speaker 1: making round o'clock trading available five or seven days a week,
Speaker 1: mimicking cryptos trading hours. What have I been saying for years, guys,
Speaker 1: there will be no more opening and closing bell because
Speaker 1: of Crypto. Crypto is the first truly global asset class
Speaker 1: that trades twenty four to seven. There's no opening or
Speaker 1: closing bell, there's no nights, there's no weekends, there's no holidays. Right,
Speaker 1: this thing is trading a NonStop. The folks at these
Speaker 1: stock exchanges are like, oh my god, we better get
Speaker 1: in line here, we better get update our processes because
Speaker 1: these stocks and the commodities and all these things are
Speaker 1: going to be tokenized on the blockchain and will trade
Speaker 1: twenty four to seven as well. So these stock exchanges
Speaker 1: are trying to catch up here now. Even if they
Speaker 1: do twenty four to seven trading, eventually, tokenization is still
Speaker 1: going to steal their launch unless they adopt token ied assets.
Speaker 1: So we'll see. I'm most likely they will. I don't
Speaker 1: think they're gonna just lay down and die, you know,
Speaker 1: to the crypto token ice industry. But you see the
Speaker 1: pressure crypto is putting here. You see the game and
Speaker 1: how it's changing, right guys. So this is what I've
Speaker 1: been talking about with the token economy and how things
Speaker 1: are going to run, and they're doing this in once
Speaker 1: again in response to crypto. Here's a quote from Young Bou,
Speaker 1: who is nasdaq's head of US Equities and exchange traded Products.
Speaker 1: There's a lot of demand globally for US stocks and
Speaker 1: people want to trade within the hours that they're typically awake,
Speaker 1: and I think a lot of it is because people
Speaker 1: are used to trading crypto twenty four seven. A paradigm
Speaker 1: shift is taking place here guys, it's amazing crypto, this
Speaker 1: almost nascent young industry, which you know, compared to these
Speaker 1: other industries, it's almost nothing, right, it's just what just
Speaker 1: over the read trillion dollars, right compared to these others,
Speaker 1: and it is already having an impact and influence on
Speaker 1: tradfy And this is the way the world's going, guys,
Speaker 1: a world running on blockchain global markets. I've often said
Speaker 1: secondary and tertiary markets and much more now, guys, the
Speaker 1: other day I talked about Kracking potentially acquiring Ninja Trader.
Speaker 1: I think it was yesterday's podcast, by the way. Well
Speaker 1: we got confirmation today and that is Cracking is indeed
Speaker 1: acquiring Ninja Trader for one point five billion dollars, locking
Speaker 1: in the largest tradify plus crypto deal ever. And yet
Speaker 1: some people are on social media crying the bull market's over.
Speaker 1: Oh my god, I'm tired of waiting. These big players
Speaker 1: are not crying. These big players are not tired. These
Speaker 1: big players have the macroview and look at the money
Speaker 1: they're putting out, the investments, the partnerships, the expansions, guys.
Speaker 1: So I hope you see what's happening. This is massive.
Speaker 1: We also got news that Moon Pay they have a
Speaker 1: new two hundred million dollar revolving credit line with Galaxy
Speaker 1: Digital to help fuel onboarding around the world. So they're
Speaker 1: essentially getting this credit line to expand globally. I mean, guys,
Speaker 1: what more can I say here? The writing's on the wall,
Speaker 1: the expansion. These guys know what's coming. Man, These guys
Speaker 1: see what's on the horizon, and I hope you do
Speaker 1: as well. Now, today XRP Futures went live and it's
Speaker 1: on bit nomial. So yesterday we talked about it. Well,
Speaker 1: it's been confirmed it went live, and this is important.
Speaker 1: This is a key step in getting a SPOTTYTF. So
Speaker 1: I wanted to let you guys know about that. Now,
Speaker 1: generally I think the SEC has wanted to see things
Speaker 1: like the CME, but this new SEC may be different
Speaker 1: and say, hey, this is sufficient. So very good to
Speaker 1: see that. Even Solana futures have gone live as well.
Speaker 1: So the futures market, while it's not a US, have
Speaker 1: the SEC prefers to have it. So I spoke about
Speaker 1: it with SEC Commissioner Hester pers in my last interview
Speaker 1: with hers. So it looks like this is the way
Speaker 1: and all these companies are going to launch their features
Speaker 1: for the you know, for the all coins to be
Speaker 1: able to get these bodytf and which will be huge
Speaker 1: for the market of course. And check this out. Polymarket
Speaker 1: users are predicting that there's an eighty three percent chance
Speaker 1: that's an x RP ETF will be approved in twenty
Speaker 1: twenty five. So the market wants it, the institutions want it,
Speaker 1: and there's a whole bunch of ETF applications I think
Speaker 1: over ten now, so it's gonna happen. It's gonna happen
Speaker 1: for Solana, I think h Bar as well. There's an
Speaker 1: h Bar ETF. I think light Coin. So we're going
Speaker 1: to have all these ETFs in play, and then I
Speaker 1: think the big winners that will be the index ETF,
Speaker 1: which gives you the top five or top ten because
Speaker 1: generally that's how you know, registered investment advisors and the
Speaker 1: average investor, you know, they buy these index they'll buy
Speaker 1: the NASSA, the SMP five hundred, so I think more
Speaker 1: capital will come into the index. So you may have
Speaker 1: a crypto index if you want to call it our
Speaker 1: crypto eventually a crypto top hundred, you know, as the
Speaker 1: acid class grows and you maybe there's going to be segmentation,
Speaker 1: you know, tokenization of course or deepen, and you'll just
Speaker 1: have a lot of variety I think, and the index
Speaker 1: will have multiple assets. So this is really great, guys.
Speaker 1: Things are setting up beautifully here for the continuation of
Speaker 1: the bull market. Folks. That's the news. Let me know
Speaker 1: what you think. Leave your thoughts and comments below hit
Speaker 1: the thumbs up button. A great way you can support me, guys,
Speaker 1: is by subscribing to my free email news that are
Speaker 1: on substack. A link will be in a description. Also,
Speaker 1: check out my book on Amazon. It's available in paperback
Speaker 1: in digital, and check out my new course at Mycrypto
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Speaker 1: Link will be in the description. Folks, thank you for
Speaker 1: watching and listening. I appreciate you all, and I'll talk
Speaker 1: to you all later