WEBVTT

1
00:00:04.519 --> 00:00:07.519
<v Speaker 1>Hey, folks, welcome into the Thinking Crypto podcast. You're home

2
00:00:07.599 --> 00:00:11.320
<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

3
00:00:11.519 --> 00:00:13.960
<v Speaker 1>On your way in. Please let that subscribe button as

4
00:00:14.000 --> 00:00:16.320
<v Speaker 1>well as the thumbs up button and leave a comment below.

5
00:00:16.559 --> 00:00:19.160
<v Speaker 1>If you're listening on a podcast platform such as Spotify

6
00:00:19.239 --> 00:00:21.320
<v Speaker 1>or Apple, please be sure to follow and leave a

7
00:00:21.399 --> 00:00:24.760
<v Speaker 1>five star rating. Well, folks, I've got bad news for you.

8
00:00:24.800 --> 00:00:28.359
<v Speaker 1>The Claritiac vote is not going to happen. Senator Thune

9
00:00:28.399 --> 00:00:33.000
<v Speaker 1>has confirmed via Politico that the vote will happen in September,

10
00:00:33.039 --> 00:00:36.439
<v Speaker 1>when the Senate and the House returned back into office.

11
00:00:36.759 --> 00:00:39.840
<v Speaker 1>So this is, of course disappointing, but it should come

12
00:00:39.880 --> 00:00:42.159
<v Speaker 1>as no surprise because, as we've been covering over the

13
00:00:42.159 --> 00:00:46.200
<v Speaker 1>past a few weeks, there were many headwinds and things

14
00:00:46.200 --> 00:00:49.399
<v Speaker 1>were not moving and time was not on our side.

15
00:00:49.719 --> 00:00:53.840
<v Speaker 1>And now the whole vote before the August recess has collapsed.

16
00:00:54.119 --> 00:00:58.320
<v Speaker 1>So a reporter from Politico said, Senator Thune just confirmed

17
00:00:58.320 --> 00:01:02.079
<v Speaker 1>our scoop that the Senate is punting Claritiact vote until September.

18
00:01:02.320 --> 00:01:04.760
<v Speaker 1>So both the Senate and the House will return into

19
00:01:05.000 --> 00:01:08.200
<v Speaker 1>office on September fourteenth. So let's see what they can

20
00:01:08.200 --> 00:01:11.120
<v Speaker 1>get done. It's going to be tough because we are

21
00:01:11.120 --> 00:01:14.599
<v Speaker 1>in a midterm election year and you can imagine the

22
00:01:14.680 --> 00:01:17.280
<v Speaker 1>Democrats are going to try to use this against Trump

23
00:01:17.640 --> 00:01:21.400
<v Speaker 1>with many different aspects, you know, with the ethics as

24
00:01:21.439 --> 00:01:23.840
<v Speaker 1>well as the banking lobby pushing back on this bill.

25
00:01:24.280 --> 00:01:27.480
<v Speaker 1>So things are not looking good. But here we go, folks.

26
00:01:27.519 --> 00:01:30.120
<v Speaker 1>You know, it's going to be a mess. And if

27
00:01:30.120 --> 00:01:32.920
<v Speaker 1>we don't get this bill done, you know, let's say

28
00:01:32.920 --> 00:01:35.719
<v Speaker 1>before President Trump leave's office, it opens the door for

29
00:01:35.760 --> 00:01:39.959
<v Speaker 1>another administration to come in and to roll back the

30
00:01:40.040 --> 00:01:43.879
<v Speaker 1>updates the SEC, CFTC and the other agencies have done.

31
00:01:44.200 --> 00:01:46.599
<v Speaker 1>So it's not the end of the world that this

32
00:01:46.840 --> 00:01:49.000
<v Speaker 1>is not going to pass. Let's say it doesn't pass

33
00:01:49.239 --> 00:01:52.680
<v Speaker 1>even in September, because the agencies are providing the guidance. Sorry,

34
00:01:52.719 --> 00:01:55.480
<v Speaker 1>the SEC and the CFTC have been providing the rulemaking.

35
00:01:55.719 --> 00:01:58.480
<v Speaker 1>The problem, as mentioned, is that if the Claritiact is

36
00:01:58.519 --> 00:02:01.640
<v Speaker 1>not passed, then those things don't be law officially, right,

37
00:02:02.200 --> 00:02:05.719
<v Speaker 1>So that's the risk. But we still got time, you know,

38
00:02:05.760 --> 00:02:09.159
<v Speaker 1>to get something done. But the ideal timing would have been,

39
00:02:10.199 --> 00:02:13.680
<v Speaker 1>you know, before the August recess. But unfortunately, here where

40
00:02:13.800 --> 00:02:16.719
<v Speaker 1>is where we're at Our government is not able to

41
00:02:16.759 --> 00:02:21.199
<v Speaker 1>get this done. So it's pretty annoying, of course. And

42
00:02:21.240 --> 00:02:24.639
<v Speaker 1>then something you should know about. Another Republican came out.

43
00:02:24.960 --> 00:02:28.759
<v Speaker 1>Senator Jerry Moran said he's a no on the claritiac

44
00:02:28.879 --> 00:02:33.080
<v Speaker 1>vote because of the bank stable coin Yale situation. Yesterday

45
00:02:33.120 --> 00:02:36.800
<v Speaker 1>we talked about another Republican, Josh Holly, who was also

46
00:02:36.840 --> 00:02:40.520
<v Speaker 1>saying the same thing. So the banking lobby fighting very hard.

47
00:02:40.599 --> 00:02:43.199
<v Speaker 1>You know, they're cutting the big checks and despite the

48
00:02:43.280 --> 00:02:46.680
<v Speaker 1>spending that the crypto industry has done, the banking lobby

49
00:02:46.759 --> 00:02:50.280
<v Speaker 1>is looking to outspend them. So it might be a

50
00:02:50.439 --> 00:02:54.840
<v Speaker 1>very tough midterm election. Let's see, you know, unless they're

51
00:02:54.879 --> 00:02:59.479
<v Speaker 1>able to find a good compromise in September. But again

52
00:03:00.039 --> 00:03:03.039
<v Speaker 1>election year, and you need the Democrats to get this done.

53
00:03:04.000 --> 00:03:09.000
<v Speaker 1>There was some updates on the ethics compromise, nothing confirmed,

54
00:03:09.120 --> 00:03:12.960
<v Speaker 1>but apparently the details where the bipartisan ethics plan is

55
00:03:13.000 --> 00:03:16.840
<v Speaker 1>to require Trump to sell crypto assets. Trump could net

56
00:03:17.080 --> 00:03:22.319
<v Speaker 1>tax windfall in crypto bill divestiture deal. So obviously this

57
00:03:22.360 --> 00:03:23.919
<v Speaker 1>doesn't matter right now because the bill is not going

58
00:03:23.960 --> 00:03:27.360
<v Speaker 1>to get voted on anyway. But let's see if Trump

59
00:03:27.439 --> 00:03:30.639
<v Speaker 1>and the White House agree to this come September and

60
00:03:31.120 --> 00:03:32.840
<v Speaker 1>if this is still going to be a headwind, because

61
00:03:32.840 --> 00:03:36.280
<v Speaker 1>if they agree to it, then maybe there's some additional

62
00:03:36.280 --> 00:03:39.439
<v Speaker 1>compromise on the stable coin front and they could potentially

63
00:03:39.479 --> 00:03:42.719
<v Speaker 1>push this bill through. Now, Senator Tim Scott did go

64
00:03:42.800 --> 00:03:46.159
<v Speaker 1>on Fox Business earlier in the day. You know, he

65
00:03:46.439 --> 00:03:49.080
<v Speaker 1>was giving some hope. You know, he said, we will

66
00:03:49.120 --> 00:03:52.120
<v Speaker 1>stay here longer for the next two days, and much

67
00:03:52.159 --> 00:03:54.639
<v Speaker 1>longer if needed. But of course this is a non

68
00:03:54.680 --> 00:03:57.759
<v Speaker 1>starter because Senator Thune came out and said it ain't happening.

69
00:03:58.000 --> 00:04:02.360
<v Speaker 1>So unfortunate. Now, Now, what's interesting the price of bitcoin

70
00:04:02.479 --> 00:04:05.560
<v Speaker 1>is not reacting negatively, and it goes back to what

71
00:04:05.639 --> 00:04:07.800
<v Speaker 1>I was talking about in yesterday's podcast as well as

72
00:04:07.800 --> 00:04:11.879
<v Speaker 1>in my newsletter from yesterday, that potentially this negative news

73
00:04:11.960 --> 00:04:16.560
<v Speaker 1>of no vote could already be priced in. Now I

74
00:04:16.720 --> 00:04:18.920
<v Speaker 1>was born at night, but not last night. Obviously, we

75
00:04:19.000 --> 00:04:21.600
<v Speaker 1>got to give it time. The market could dump tomorrow,

76
00:04:21.720 --> 00:04:24.920
<v Speaker 1>over the weekend or early next week. Right, But let's

77
00:04:24.959 --> 00:04:28.319
<v Speaker 1>say it doesn't dump. There is a possibility that it

78
00:04:28.399 --> 00:04:32.279
<v Speaker 1>is priced in, and that bitcoin in the crypto market

79
00:04:32.279 --> 00:04:34.480
<v Speaker 1>could follow the lead of the stock market, which has

80
00:04:34.519 --> 00:04:36.160
<v Speaker 1>been hitting new all time highs at s and P

81
00:04:36.279 --> 00:04:39.120
<v Speaker 1>five hundred and more. So let's see what happens. It

82
00:04:39.160 --> 00:04:41.319
<v Speaker 1>would be a very good sign like I said, if

83
00:04:41.319 --> 00:04:44.240
<v Speaker 1>this thing doesn't dump. And the signals we're seeing is

84
00:04:44.240 --> 00:04:46.879
<v Speaker 1>that the RSI is in the neutral zone and the

85
00:04:47.040 --> 00:04:50.839
<v Speaker 1>MACD just flipped bullish, so it literally just flipped bullish.

86
00:04:50.839 --> 00:04:52.879
<v Speaker 1>You had a bullish cross here and this is on

87
00:04:52.920 --> 00:04:55.199
<v Speaker 1>the daily chart. On the weekly chart, we have the

88
00:04:55.199 --> 00:04:58.639
<v Speaker 1>bullish divergence and the MACD has already flipped bullish, right,

89
00:04:59.120 --> 00:05:02.600
<v Speaker 1>So these things are in our favor. The charts, the metrics,

90
00:05:02.639 --> 00:05:06.000
<v Speaker 1>and the information still looks good here. But again maybe

91
00:05:06.000 --> 00:05:08.279
<v Speaker 1>the bad news hasn't gone through the news cycle yet

92
00:05:08.319 --> 00:05:10.279
<v Speaker 1>and you know, there could be a massive sell off

93
00:05:10.279 --> 00:05:14.160
<v Speaker 1>tomorrow or next week. So we shall see. But fingers

94
00:05:14.199 --> 00:05:18.600
<v Speaker 1>crossed that it doesn't. And regardless, you know, if you

95
00:05:18.639 --> 00:05:21.439
<v Speaker 1>have the macro view, guys, that this bullish divergence on

96
00:05:21.480 --> 00:05:25.360
<v Speaker 1>the weekly chart is incredibly bullish because it means we

97
00:05:25.399 --> 00:05:28.040
<v Speaker 1>are about to turn the corner and flip bullish. And

98
00:05:28.959 --> 00:05:31.920
<v Speaker 1>I think that would align with you know, I believe

99
00:05:31.959 --> 00:05:34.040
<v Speaker 1>Trump doesn't want to go into the midterm elections with

100
00:05:34.079 --> 00:05:36.240
<v Speaker 1>the markets and the dump, and I believe the stock

101
00:05:36.319 --> 00:05:38.360
<v Speaker 1>market and much more is going to rip, and I

102
00:05:38.360 --> 00:05:40.399
<v Speaker 1>think crypto's going to follow that. So we could see

103
00:05:40.439 --> 00:05:45.279
<v Speaker 1>a very strong and year end rally because of the

104
00:05:45.319 --> 00:05:49.399
<v Speaker 1>signals we're seeing here, plus those macro factors of you know,

105
00:05:49.839 --> 00:05:53.519
<v Speaker 1>a FED under Trump's control and you know, liquidity and

106
00:05:53.560 --> 00:05:56.199
<v Speaker 1>all these things being pushed into markets. So we shall

107
00:05:56.240 --> 00:05:59.600
<v Speaker 1>see now, folks, quick word from our sponsor. This episode

108
00:05:59.639 --> 00:06:03.079
<v Speaker 1>is brought to you by Fortax. Guys, Let's be honest,

109
00:06:03.199 --> 00:06:06.600
<v Speaker 1>the crypto market has been moving sideways for a while now.

110
00:06:06.879 --> 00:06:09.199
<v Speaker 1>A lot of people are just sitting on their coins

111
00:06:09.399 --> 00:06:12.319
<v Speaker 1>waiting for the next big move. But while you're waiting,

112
00:06:12.600 --> 00:06:16.480
<v Speaker 1>your crypto is just sitting in your wallet doing absolutely nothing.

113
00:06:17.000 --> 00:06:20.920
<v Speaker 1>That's why I want to mention one of my longtime partners, Fortax.

114
00:06:21.600 --> 00:06:24.000
<v Speaker 1>Instead of just letting your assets sit idle, you can

115
00:06:24.040 --> 00:06:28.720
<v Speaker 1>put supported cryptocurrencies into fortestx liquidity pools and earn daily

116
00:06:28.759 --> 00:06:33.480
<v Speaker 1>rewards while still keeping the flexibility to withdraw whenever you want.

117
00:06:33.680 --> 00:06:36.199
<v Speaker 1>One of the reasons I've continued working with them is

118
00:06:36.199 --> 00:06:40.120
<v Speaker 1>because they keep delivering. The team is public, They've successfully

119
00:06:40.120 --> 00:06:45.639
<v Speaker 1>completed Cyberscope team verification, KYC pass independent security audits, and

120
00:06:45.959 --> 00:06:50.000
<v Speaker 1>the platform has been building consistently for years they focused

121
00:06:50.040 --> 00:06:53.600
<v Speaker 1>on long term growth, transparency and security rather than hype.

122
00:06:53.839 --> 00:06:56.560
<v Speaker 1>In a market like this, it makes far more sense

123
00:06:56.600 --> 00:06:59.240
<v Speaker 1>to have your crypto working for you instead of letting

124
00:06:59.240 --> 00:07:02.439
<v Speaker 1>it sit in your wallet. I've worked with fortest x

125
00:07:02.519 --> 00:07:04.560
<v Speaker 1>for a long time, and if you're planning to hold

126
00:07:04.600 --> 00:07:07.800
<v Speaker 1>your crypto anyway, I genuinely think it's one of the

127
00:07:07.920 --> 00:07:11.000
<v Speaker 1>smartest ways to put those assets to work. And folks,

128
00:07:11.000 --> 00:07:12.920
<v Speaker 1>I know security is very important to all of us

129
00:07:13.000 --> 00:07:15.560
<v Speaker 1>as we hold our crypto assets and they are fully

130
00:07:15.600 --> 00:07:19.240
<v Speaker 1>audited by certik and they are sec registered and much

131
00:07:19.279 --> 00:07:21.639
<v Speaker 1>more so. You got to check out ford X. Go

132
00:07:21.759 --> 00:07:25.800
<v Speaker 1>to fordesx, dot fi slash x slash thinking crypto link

133
00:07:25.839 --> 00:07:29.199
<v Speaker 1>will be in the description. All right, Moving ahead, France

134
00:07:29.279 --> 00:07:33.199
<v Speaker 1>proposes a strategic Bitcoin Reserve bill to acquire two percent

135
00:07:33.279 --> 00:07:37.439
<v Speaker 1>of bitcoin's total supply. This is interesting. We are seeing

136
00:07:37.480 --> 00:07:40.360
<v Speaker 1>a lot of these bitcoin reserve bills popping up around

137
00:07:40.360 --> 00:07:44.319
<v Speaker 1>the globe, so everyone is looking to regulate crypto. Yesterday

138
00:07:44.360 --> 00:07:48.279
<v Speaker 1>we talked about Russia signing their respective crypto legislation into place,

139
00:07:48.759 --> 00:07:52.839
<v Speaker 1>and the United States of course, still has this bitcoin

140
00:07:52.920 --> 00:07:56.600
<v Speaker 1>reserve bill open so to speak. You know, the ability

141
00:07:56.639 --> 00:07:58.959
<v Speaker 1>to buy has not been confirmed yet, but they have

142
00:07:59.279 --> 00:08:03.079
<v Speaker 1>established the reserve with bitcoin they have seized over the years.

143
00:08:03.480 --> 00:08:06.199
<v Speaker 1>But other countries are going to follow suits. So if

144
00:08:06.240 --> 00:08:09.240
<v Speaker 1>this does become law, it will be huge and game

145
00:08:09.279 --> 00:08:13.959
<v Speaker 1>theory will certainly play out now. Plume has joined DTC's

146
00:08:14.040 --> 00:08:18.360
<v Speaker 1>Digital Assets Solutions Industry Working Group alongside the NASDAQ Charleis

147
00:08:18.360 --> 00:08:23.040
<v Speaker 1>Schwab and Alpaca. Incredible names here, guys who are getting

148
00:08:23.040 --> 00:08:26.399
<v Speaker 1>involved with digital assets, crypto and blockchain, and they're forming

149
00:08:26.480 --> 00:08:29.959
<v Speaker 1>their own associations and groups. I mean, we've come a

150
00:08:30.120 --> 00:08:33.480
<v Speaker 1>long way, going back to when I got into the

151
00:08:33.480 --> 00:08:37.039
<v Speaker 1>market in twenty sixteen and seeing icos and this market

152
00:08:37.080 --> 00:08:40.039
<v Speaker 1>being so young and it's maturing, and you have the

153
00:08:40.039 --> 00:08:43.840
<v Speaker 1>biggest institutions in the world now getting involved and leading

154
00:08:43.879 --> 00:08:46.399
<v Speaker 1>the charge. It's pretty incredible. Sometimes I have to pinch

155
00:08:46.440 --> 00:08:50.000
<v Speaker 1>myself that this is actually happening, because we've waited so

156
00:08:50.200 --> 00:08:52.399
<v Speaker 1>long for it. I've been through multiple bull and bear

157
00:08:52.480 --> 00:08:56.519
<v Speaker 1>market cycles, a lot of food and now we've certainly

158
00:08:56.559 --> 00:09:01.720
<v Speaker 1>crossed the chasm of institutional adoption. Coinbase has launched twenty

159
00:09:01.840 --> 00:09:04.879
<v Speaker 1>four or five US stock trading in the UK, offering

160
00:09:04.919 --> 00:09:09.200
<v Speaker 1>nearly four thousand equities with zero commission trading and fractional

161
00:09:09.240 --> 00:09:15.399
<v Speaker 1>shares from one euro funded by GBP or USDC. So

162
00:09:15.679 --> 00:09:19.519
<v Speaker 1>you have both native crypto firms like coinbase and traditional

163
00:09:19.559 --> 00:09:24.720
<v Speaker 1>financial firms launching tokenized stocks and et apps and much more. So. Eventually,

164
00:09:24.840 --> 00:09:27.279
<v Speaker 1>I've said many times, these markets are going to become blended.

165
00:09:27.440 --> 00:09:30.279
<v Speaker 1>It won't be crypto and stocks and so on and

166
00:09:30.279 --> 00:09:32.039
<v Speaker 1>so forth. It's all going to be one market because

167
00:09:32.039 --> 00:09:34.039
<v Speaker 1>it's all going to be running on blockchain rails. So

168
00:09:34.559 --> 00:09:38.360
<v Speaker 1>this is the future, guys, and everybody's trying to build

169
00:09:38.559 --> 00:09:40.960
<v Speaker 1>out as fast as possible around the globe, get as

170
00:09:41.039 --> 00:09:44.399
<v Speaker 1>much market share as possible. Here's another example. Hong Kong

171
00:09:44.480 --> 00:09:48.080
<v Speaker 1>launches a token is securities framework powered by chain Link,

172
00:09:48.200 --> 00:09:50.720
<v Speaker 1>So I'm bullish on Link. I have that in my portfolio,

173
00:09:51.360 --> 00:09:56.639
<v Speaker 1>standardizing issuance, distribution and settlement of tokenied securities with cyberport,

174
00:09:56.759 --> 00:10:02.279
<v Speaker 1>Apex Group and regulated broker CSPro among participants. So again

175
00:10:02.720 --> 00:10:07.120
<v Speaker 1>global movement to launching the token economy, integrating crypto and

176
00:10:07.159 --> 00:10:12.120
<v Speaker 1>blockchain tech. Here's another example. Tether expands tokenization business into

177
00:10:12.120 --> 00:10:16.360
<v Speaker 1>Saudi Arabia, starting with real estate. So they're going to

178
00:10:16.399 --> 00:10:18.879
<v Speaker 1>put all asset classes on chain, guys, it's going to

179
00:10:18.960 --> 00:10:23.559
<v Speaker 1>take time, but you can see stocks, equities, ETFs, real

180
00:10:23.639 --> 00:10:27.240
<v Speaker 1>estate gold. Tether is already doing gold, and we know

181
00:10:27.279 --> 00:10:30.360
<v Speaker 1>they've already tokenized the dollar, right, so they were the

182
00:10:30.399 --> 00:10:34.639
<v Speaker 1>first stable coin to have that mass appeal and mass adoption.

183
00:10:35.360 --> 00:10:38.919
<v Speaker 1>So guys, I mean, this is incredible stuff. So the

184
00:10:38.919 --> 00:10:43.039
<v Speaker 1>company said Thursday that it's tokenization platform, dubbed Hadron, will

185
00:10:43.039 --> 00:10:46.320
<v Speaker 1>provide the technology to issue and manage tokenized real estate

186
00:10:46.360 --> 00:10:50.320
<v Speaker 1>assets for institutional investors in the country. Tether is teaming

187
00:10:50.399 --> 00:10:54.519
<v Speaker 1>up with the Saudi partners First Data and fintech company

188
00:10:54.639 --> 00:10:57.679
<v Speaker 1>bk N three oh one on the effort, so the

189
00:10:57.799 --> 00:11:04.120
<v Speaker 1>operating model could later expand and beyond real estate into energy, infrastructure, finance,

190
00:11:04.200 --> 00:11:08.200
<v Speaker 1>and other real world assets. The firm said, So, guys,

191
00:11:08.879 --> 00:11:11.360
<v Speaker 1>it's going to start with these well known asset classes

192
00:11:11.360 --> 00:11:14.200
<v Speaker 1>and then they're going to expand. So pretty incredible what's

193
00:11:14.279 --> 00:11:18.440
<v Speaker 1>being built here now. Final news item crypto marketmaker winter

194
00:11:18.519 --> 00:11:22.919
<v Speaker 1>Mute launches a US broker dealer. Winter Mute is pretty big.

195
00:11:22.960 --> 00:11:26.000
<v Speaker 1>They're one of the largest market makers. They've certainly got

196
00:11:26.039 --> 00:11:30.120
<v Speaker 1>a lot of bad social media comments, you know, as

197
00:11:30.159 --> 00:11:33.159
<v Speaker 1>the bear market started. They're they're not like the active

198
00:11:33.240 --> 00:11:35.799
<v Speaker 1>sellers like they just provide the market may gifts people

199
00:11:35.840 --> 00:11:38.159
<v Speaker 1>want to sell. The provide that liquidity, people want to

200
00:11:38.159 --> 00:11:41.039
<v Speaker 1>buy the you know, provide the assets. So you know,

201
00:11:41.080 --> 00:11:45.039
<v Speaker 1>sometimes people aim their anger at the market makers versus

202
00:11:45.600 --> 00:11:50.080
<v Speaker 1>who's actually selling, right. So on Thursday, winter Mute announced

203
00:11:50.080 --> 00:11:53.960
<v Speaker 1>its affiliate, winter Mute US a LLC, has registered with

204
00:11:54.039 --> 00:11:59.279
<v Speaker 1>the US sec and Financial Industry Regulatory Authority FINRA. The

205
00:11:59.360 --> 00:12:03.000
<v Speaker 1>registration allows winter met USA to trade stocks and stock

206
00:12:03.080 --> 00:12:08.559
<v Speaker 1>options and act as an authorized participant for exchange traded products,

207
00:12:08.600 --> 00:12:12.639
<v Speaker 1>including those tied to digital assets. So winter Mute said

208
00:12:12.679 --> 00:12:16.000
<v Speaker 1>the registration allows the firm to position itself for the

209
00:12:16.200 --> 00:12:21.840
<v Speaker 1>emerging tokenized securities landscape. So again, everybody's building here, getting

210
00:12:21.879 --> 00:12:25.120
<v Speaker 1>their infrastructure together. You know, there's a saying the bear

211
00:12:25.200 --> 00:12:27.879
<v Speaker 1>market is for building, right, that's when you can lock

212
00:12:27.960 --> 00:12:30.279
<v Speaker 1>in and build. And we're seeing a lot of that,

213
00:12:30.840 --> 00:12:33.600
<v Speaker 1>not only from crypto native firms, but trat five firms.

214
00:12:33.600 --> 00:12:37.960
<v Speaker 1>So pretty incredible stuff. And I know the CLARITYAC news

215
00:12:38.039 --> 00:12:40.480
<v Speaker 1>is a bummer, but you know, we kind of expected

216
00:12:40.480 --> 00:12:43.120
<v Speaker 1>that and let's hope that we can get something done

217
00:12:43.200 --> 00:12:46.399
<v Speaker 1>in September. But we continue to see incredible adoption of

218
00:12:46.440 --> 00:12:49.440
<v Speaker 1>crypto The technology is not going away just because the

219
00:12:49.440 --> 00:12:52.519
<v Speaker 1>building and pass it doesn't mean crypto's dead again. You're

220
00:12:52.559 --> 00:12:55.720
<v Speaker 1>going to see those narratives, right, and maybe that's how

221
00:12:55.759 --> 00:12:58.080
<v Speaker 1>it goes right. Those narratives are going to be pushed.

222
00:12:58.080 --> 00:13:01.480
<v Speaker 1>The price goes down, sentiment goes down. People are gonna feel, oh,

223
00:13:01.519 --> 00:13:05.200
<v Speaker 1>it's over, but they're missing all the building and investing

224
00:13:05.240 --> 00:13:08.440
<v Speaker 1>that's happening. Despite the delays in the claritiac right, there

225
00:13:08.519 --> 00:13:11.480
<v Speaker 1>will be crypto legislation in the United States. It is

226
00:13:11.600 --> 00:13:14.559
<v Speaker 1>just we have to go through the painstaking sausage making

227
00:13:14.639 --> 00:13:17.000
<v Speaker 1>process of the government and you know, all the crap

228
00:13:17.039 --> 00:13:20.279
<v Speaker 1>we have to deal with, right with Elizabeth Warren and

229
00:13:20.360 --> 00:13:22.960
<v Speaker 1>all these anti crypto people and much more. But we'll

230
00:13:22.960 --> 00:13:26.639
<v Speaker 1>get there. The disruptive technology always wins, and as we

231
00:13:26.679 --> 00:13:29.039
<v Speaker 1>always talk about, watch what they do, not what they say,

232
00:13:29.039 --> 00:13:33.399
<v Speaker 1>and we're seeing just investing, building and much more so. Guys,

233
00:13:33.440 --> 00:13:34.960
<v Speaker 1>let me know what you think about this news. Leave

234
00:13:35.000 --> 00:13:37.559
<v Speaker 1>your thoughts and comments below, hit the thumbsup button. Subscribe

235
00:13:37.559 --> 00:13:39.519
<v Speaker 1>if you haven't as yet, be sure to support the

236
00:13:39.519 --> 00:13:43.200
<v Speaker 1>podcast by subscribing to my free email newsletter. It's on Substack.

237
00:13:43.600 --> 00:13:45.840
<v Speaker 1>Grab a copy of my book on Amazon It's available

238
00:13:45.840 --> 00:13:48.360
<v Speaker 1>in paperback, in digital and check out my course at

239
00:13:48.399 --> 00:13:51.320
<v Speaker 1>Mycrypto course dot com. This is a comprehensive of course

240
00:13:51.360 --> 00:13:53.679
<v Speaker 1>that teaches you everything you need to know about crypto

241
00:13:54.279 --> 00:13:56.679
<v Speaker 1>and all the links will be in the description. So folks,

242
00:13:56.679 --> 00:13:58.919
<v Speaker 1>thank you so much for tuning in. I appreciate you

243
00:13:58.960 --> 00:14:15.759
<v Speaker 1>all and all time. Up to you all later m h.