Speaker 1: Will the SEC drop more crypto cases this coming week
Speaker 1: following last week's big announcement around coinbase and open SA
Speaker 1: cases getting dropped. Could we see updates around crack in, UNISWAP,
Speaker 1: Robinhood and even Ripple this week. I want to share
Speaker 1: some details with you and we have big news around
Speaker 1: liquidity being unlocked from the Treasury, and I want to
Speaker 1: talk about the implications of this to crypto and the
Speaker 1: stock market and much more. Let's get into it. Hey, everybody,
Speaker 1: welcome into the Thinking Crypto Podcasts. You're home for cryptocurrency
Speaker 1: news and interviews. I'm your host, Tony Edward. On your
Speaker 1: way in. Please at that subscribe button as well as
Speaker 1: the thumbs up button and leave a comment below. If
Speaker 1: you're listening on a podcast platform such as Spotify or Apple,
Speaker 1: please leave a five star rating and review. Folks, we
Speaker 1: have big updates around the Treasury and liquidity injection that
Speaker 1: is coming. I've been telling you guys a bit about
Speaker 1: this over the past couple of months. I've been highlighting
Speaker 1: it in my newsletter as well. Thomas and the More
Speaker 1: Market has been keeping a track on this and the
Speaker 1: title of his summary here is not QEQE is well underway,
Speaker 1: so essentially saying this is some sort of pseudo QE
Speaker 1: quantitative easing, and we know the FED is going to
Speaker 1: ultimately go back to that, right, all central banks have
Speaker 1: to go back to that, that is the Fiat system.
Speaker 1: They raise the debt ceiling, they have to service the debt,
Speaker 1: so on and so forth, and of course that impacts
Speaker 1: global liquidity, and as global liquidity rises, asset prices rise.
Speaker 1: You see the correlation in the charts. So he says,
Speaker 1: here a liquidity injection of up to eight hundred and
Speaker 1: forty two billion dollars from the Treasury General Account TGA
Speaker 1: is ongoing. Things are heating up as the TGA balance
Speaker 1: starts to drop. Functionally, this is similar to quantitative easing,
Speaker 1: but temporary. Here is what is happening. The debt ceiling
Speaker 1: induced drawn down of the TGA began last week. The
Speaker 1: TGA balance has continued to fall since then. It decreased
Speaker 1: by eighty one billion dollars liquidity injection between Thursday February
Speaker 1: thirteen and Thursday February twentieth. He says, here's my estimated
Speaker 1: path for the TGA moving forward. So as you can
Speaker 1: see here from his chart, the decline and this is
Speaker 1: going to bode well for the global liquidity and the market,
Speaker 1: so you can start to see an impact on the
Speaker 1: stock market in crypto. And of course the timing aligns
Speaker 1: with what we've been talking about for months on months, guys,
Speaker 1: and that is March and April are usually very good
Speaker 1: for the stock market and crypto market seasonality wise. Then
Speaker 1: there's a little bit into May and then selling may
Speaker 1: go away. So it's funny how all these things line up.
Speaker 1: And then in addition you have the DXY it is collapsing,
Speaker 1: so that's a very good sign for risk assets. So
Speaker 1: I think the macro backdrop here, guys, is lining up
Speaker 1: beautifully for this bull market to continue, and global liquidity
Speaker 1: is on the rise. So based on this information and data,
Speaker 1: I am very bullish, right. A lot of people are fearful.
Speaker 1: A lot of people are saying the top is in,
Speaker 1: this thing is over. It's not base on the data now,
Speaker 1: And in yesterday's podcast, I did a full breakdown of
Speaker 1: the different data and charts, so I'm not going to
Speaker 1: do that again, but you guys can go look at
Speaker 1: yesterday's episode and listen to that if you want where
Speaker 1: I break all that down. But guys, I am seeing
Speaker 1: some very bullish things here, and it's things we've seen
Speaker 1: historically in previous bull markets. And once again there hasn't
Speaker 1: been any invalidation of this market. Bitcoin is boring. Bitcoin
Speaker 1: is annoying right now, faking to the upside and downside,
Speaker 1: but still consolidating in a zone. You can draw a big,
Speaker 1: nice rectangle around the zone. It is not crashing to
Speaker 1: the downside. It's not pumping to the upside, right, So
Speaker 1: we got to be patient here, guys, And I think,
Speaker 1: as I've been saying, as we get closer to the
Speaker 1: end of February and into March, we're going to start
Speaker 1: to see a reversal soon to the upside. And the
Speaker 1: macro backdrop matches up with this, in addition to the
Speaker 1: most pro crypto government that we have in place, and
Speaker 1: all the great things that are happening. And speaking of
Speaker 1: the great things that are happening, guys, obviously last week
Speaker 1: big news that the SEC is dropping the case against Coinbase,
Speaker 1: but remember just about a week ago they said they
Speaker 1: were going to pause the case of Binance. So as
Speaker 1: we can see here a complete change of the SEC
Speaker 1: at one to eighty from what Gary againster was doing.
Speaker 1: So we got the pause in the Binance case, we
Speaker 1: got the coin Base case getting wrapped up right that
Speaker 1: was announced by Coinbase. Then the SEC dropped their case
Speaker 1: against open cd NFT platform. Well, the SEC still has
Speaker 1: cases against Crack in exchange unit Swap, which they sent
Speaker 1: a Wells notice to, Robinhood, which they sent a Well's
Speaker 1: notice to. So could we see these get dropped this week?
Speaker 1: I think so, And I think they can't wait to
Speaker 1: drop these cases because then it will seem like favoritism
Speaker 1: towards Coinbase. You drop the coin Base case, but you
Speaker 1: don't drop the Wells notices which are very easy to
Speaker 1: drop against these other exchanges like unit Swap, robin Hood
Speaker 1: and Cracking. So I expect this week, guys, honestly, that
Speaker 1: we see these cases drop. And that's very good because remember,
Speaker 1: specifically with kracking, many all points were named Solana, Cardano
Speaker 1: and so forth, which Gary Gensler was trying to call
Speaker 1: a security. So, guys, things are moving in the right
Speaker 1: direction here. And I know the Bibit hack really put
Speaker 1: a damper on the big news with Coinbase and open
Speaker 1: Sea on Friday, but it is what it is. We'll
Speaker 1: move forward from it. But I think if we get
Speaker 1: more good news out of the SEC that they're dropping
Speaker 1: these cases, that will be really good. Now, I know,
Speaker 1: the big case that a lot of people want to
Speaker 1: see wrapped up is the Ripple case, But we got
Speaker 1: to be patient there. I like what attorney Jeremy Hogan said.
Speaker 1: His analogy is spot on. He said, the SEC broke
Speaker 1: up with Coinbase after a couple of dates. Ripple on
Speaker 1: the SEC live together and have a baby, so it's
Speaker 1: much more complicated. But you know, could they do something
Speaker 1: where they pause things, you know, certain aspects like don't
Speaker 1: file any type of appeal or anything. Sure, you know,
Speaker 1: we could see that the SEC command say, hey, we're
Speaker 1: not planning to do any type of appeal or do
Speaker 1: this or that or whatever it may be. And that
Speaker 1: will be a very good sign. It will be a
Speaker 1: signal that, look, they're going to eventually wrap this up,
Speaker 1: but it's gonna take some time. So let's see this week, guys.
Speaker 1: We could see some very positive news, even if it's
Speaker 1: just as simple as a signal as to you know,
Speaker 1: they want to wrap up this stuff with Ripple, that
Speaker 1: that would be very good and positive for the market.
Speaker 1: The member markets are forward looking. So they just need
Speaker 1: to know that, oh, this is a direction the SEC
Speaker 1: is going. We know what to anticipate when you know
Speaker 1: or what's going to come. So guys, keep your eyes
Speaker 1: out and ears open to what the SEC may do
Speaker 1: this week. And once again, if they don't make a
Speaker 1: move soon with Crackett and Uniswap and Robin and they
Speaker 1: will be showing favoritism to Coinbase. So I have a
Speaker 1: strong feeling that they're going to come out this week
Speaker 1: and drop a lot of stuff. So I'm really excited
Speaker 1: about this, guys, and I'm hoping the SEC does the
Speaker 1: right thing here and gets it done. I trust in
Speaker 1: hester Purse and the Crypto Task Force and market it
Speaker 1: as well. Of Course, the new incoming chair, Paul Atkins
Speaker 1: is not in office yet, so they may hold off
Speaker 1: on certain things to get wrapped up, like, for example,
Speaker 1: maybe the Ripple and Binance case, which is further along
Speaker 1: for Paul Atkins to come in to completely wrap those up.
Speaker 1: And remember the Binance case, they just paused it, so
Speaker 1: it's not like completely wrapped up. It's not like what
Speaker 1: they would Coinbase an open seat, just dropping the case
Speaker 1: saying that's it. It's done. Right, So even a pause
Speaker 1: in some of these cases is a very good signal
Speaker 1: for the markets and for everybody involved. And remember the SEC,
Speaker 1: they are scaling back their crypto enforcement unit. We had
Speaker 1: gotten reports early in February that some in a special
Speaker 1: unit of fifty lawyers and staff had been dedicated to
Speaker 1: bringing in enforcement actions are now being reassigned. And this
Speaker 1: was according to a New York Times article. So things
Speaker 1: are moving in the right direction. As I said at
Speaker 1: the beginning, we got to be patient, be patient with
Speaker 1: the market, be patient with the charge, to be patient
Speaker 1: with the SEC, and all these things. Things are moving ahead.
Speaker 1: People get very impatient, but things don't happen on our
Speaker 1: own pace, and governman does moves though, and market cycles
Speaker 1: have to play out. So guys, I am bullish on
Speaker 1: the macro. Things are headed in the right direction. And
Speaker 1: no invalidation that this bullmarket and all these news items,
Speaker 1: all these cases getting dropped. All these things will eventually
Speaker 1: be priced in and lead to higher prices and remove
Speaker 1: the dark clouds of ambiguity and uncertainty around what's the
Speaker 1: security and what's not. So all this bodes well. Guys.
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Speaker 1: in the description. Okay, guys, we got news that Michael
Speaker 1: Sailor's strategy used to be called micro strategy now is
Speaker 1: just strategy. They're hinting at resuming bitcoin buying. So Michael
Speaker 1: Sailor is going nuts, man. But that's a good sign
Speaker 1: that if he's buying, he's anticipating the higher prices are coming.
Speaker 1: We're seeing this from many different institutional investors, so that's
Speaker 1: a good sign. Right. It's not the only signal we
Speaker 1: want to follow. We want to look at the charts,
Speaker 1: the on chain data, and much more. But this is
Speaker 1: one of the factors, you know, are what are the
Speaker 1: big institutional investors the whale is doing. So the company
Speaker 1: completed its latest purchase on February tenth, acquiring seven thousand,
Speaker 1: six hundred and thirty three bitcoin valued at over seven
Speaker 1: hundred and forty two million dollars at the time. This
Speaker 1: brought strategies total holdings still four hundred and seventy eight thousand,
Speaker 1: seven hundred and forty bitcoin. That is incredible. According to
Speaker 1: data from Salor trackers, strategies. Bitcoin Stash is worth over
Speaker 1: forty six billion dollars at the time of writing, and
Speaker 1: the company's currently up forty seven point seven percent on
Speaker 1: its investment. Sailor previously disclosed that the company sow to
Speaker 1: ramp up its use of intelligence leverage during Q one
Speaker 1: twenty twenty five to finance more bitcoin purchases and create
Speaker 1: more value for Strategy Commons shareholders as it continues to
Speaker 1: be the largest corporate holder of bitcoin. Guys, I have
Speaker 1: no problem with Salor or micro Strategy buying bitcoin. The
Speaker 1: problem is I am worried about the amount of leverage
Speaker 1: they're using. I hope it works out. I know I've
Speaker 1: been saying this a lot, and some of you probably like,
Speaker 1: why do you keep repeating this, And I'm just like,
Speaker 1: I've seen what leverage, insane leverage can do. We go
Speaker 1: back into history, right, You got to learn from history
Speaker 1: so you don't repeat the same mistakes. Too much leverage
Speaker 1: is not good because you never know what could happen.
Speaker 1: And we know we live in a boom and bus
Speaker 1: cycle and things can come and change the way the
Speaker 1: economic environment is and it could be really bad. So
Speaker 1: hopefully nothing bad happens, but the amount of leverage worries me,
Speaker 1: but Sailor looks like he wants to keep buying. And
Speaker 1: that's a good sign that you know, him and the
Speaker 1: other big institutional investors are expecting higher prices. Now, this
Speaker 1: news made me laugh. Sam Beg Murfreed always played both
Speaker 1: sides of the out despite new Republican plea. So Beg
Speaker 1: Murfreed is begging President Trump for a pardon. Bro, Why
Speaker 1: the hell would anyone pardon you? You me? Come on, man,
Speaker 1: I guess it doesn't hurt in trying, right, He's got
Speaker 1: nothing to lose at this point. Please put President Trump
Speaker 1: pardon me. I guess he saw, you know, President Trump
Speaker 1: pardon Ross allbreak of silk Row. But it's a completely
Speaker 1: different situation. Backmer Fried stole a whole lot of money
Speaker 1: and screwed a lot of people, and he largely donated
Speaker 1: to the Democrats, but he also donated to Republicans as well.
Speaker 1: And we know he was in DC trying to you know,
Speaker 1: lobby as much as possible while he was doing all
Speaker 1: the shady nonsense in the Bahamas, has his dumb girlfriend
Speaker 1: and clown friends running the exchange and losing money people
Speaker 1: who had no clue on what they were doing. They
Speaker 1: were not in the business of exchanges or trading a
Speaker 1: much more. They were hemorrhaging funds and then they had
Speaker 1: to eventually go steal the customer funds to make up
Speaker 1: for it. But you guys know the story. But it's
Speaker 1: funny that he's, uh, he's trying to get a pardon here, Like, no, bro,
Speaker 1: you're gonna stay in prison and pay for your crimes.
Speaker 1: There will be no part gardens here. But it's funny
Speaker 1: that he's trying to do this. Guys, that's the news.
Speaker 1: Let me know what you think. Hoping that, you know,
Speaker 1: we start to see the market bound soon. I think
Speaker 1: we will as we wrap up February and hopefully, you know,
Speaker 1: the latter half of next week bitcoins starts to move up,
Speaker 1: show some strength, and then has a strong weekly close
Speaker 1: next Sunday, and we head into March, you know, with
Speaker 1: some momentum. That is what I'm hoping. Doesn't mean that
Speaker 1: it will happen. There's no guarantees there. I don't have
Speaker 1: a crystal ball, but once again, no invalidation of the
Speaker 1: bull market based on the data we have, and I'm
Speaker 1: hoping we get some good news from the sec that
Speaker 1: they drop more cases. So let me know what you
Speaker 1: guys think. Leave your thoughts and comments below. Guys, A
Speaker 1: great way you can support me is by subscribing to
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Speaker 1: on Amazon. It's available in paperback in digital. You can
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Speaker 1: go to mycryptocurse dot com guys, thank you for watching
Speaker 1: and listening. I appreciate you all, and I'll talk to
Speaker 1: you all later