WEBVTT

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<v Speaker 1>Integrates the etherorem naming service into its crypto payments infrastructure,

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<v Speaker 1>and Vello Labs as integrated. Black Rocks took an ice

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<v Speaker 1>fun biddle into USDV. And the big debate between Kamala

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<v Speaker 1>Harris and Donald Trump is tonight, will crypto come up

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<v Speaker 1>as a topic. We're gonna break this down. Let's get

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<v Speaker 1>into it. Hey, everybody, welcome into the Thinking Crypto podcast,

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<v Speaker 1>your home for cryptocurrency news and interviews. I'm your host,

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<v Speaker 1>Tony Edward. On your way in, please hit that subscribe

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<v Speaker 1>button as well as a thumbs up button and leave

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<v Speaker 1>a comment below. If you're listening on a podcast platform

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<v Speaker 1>such as Spotify or Apple, please leave a five star

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<v Speaker 1>rating and review. Well, folks, the big debate is tonight

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<v Speaker 1>between Donald Trump and Kamala Harris, and the folks that

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<v Speaker 1>Stand with Crypto are making a push to have crypto

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<v Speaker 1>be asked as one of the questions. And the network

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<v Speaker 1>that's hosting this debate is ABC, so stand with Crypto

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<v Speaker 1>tag them. Had a whole sign up form that was

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<v Speaker 1>started yesterday and I did a pull on x folks

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<v Speaker 1>and the majority of you are saying crypto will not

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<v Speaker 1>come up as a topic, right now fifty nine point

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<v Speaker 1>nine percent say no, forty point one percent say yes.

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<v Speaker 1>So hopefully it does come up as a topic that

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<v Speaker 1>would be really great. And we know it's an important

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<v Speaker 1>topic to Donald Trump, he's campaigning on it. And Kamala Harris,

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<v Speaker 1>while her campus said she will support crypto, we have

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<v Speaker 1>not heard one word from her about it. She has

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<v Speaker 1>not put it into her policy and agenda and so forth.

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<v Speaker 1>So we want crypto to be a bipartisan issue. It

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<v Speaker 1>should not be an election issue. So my hope is

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<v Speaker 1>that Kamala Harris will come around and start supporting crypto

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<v Speaker 1>so we can take it off the table and we

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<v Speaker 1>can debate and vote on other issues. Right, but crypto

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<v Speaker 1>a technology, should not be a debate issue. It shouldn't

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<v Speaker 1>be partisan, guys. It has to be bipartisan. And we

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<v Speaker 1>actually need both Democrats and Republicans to get crypto right

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<v Speaker 1>in the United States with legislation. It can't just be

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<v Speaker 1>one part, So we need both candidates to support this topic. Now,

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<v Speaker 1>we got some big news coming out from PayPal. So

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<v Speaker 1>PayPal Venmo integrate Etheroreum naming service for crypto payments. This

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<v Speaker 1>is a big integration, folks, big adoption for Etherorem. We

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<v Speaker 1>know PayPal is already using Etherorem because it has launched

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<v Speaker 1>its stable coin p y u s the on the

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<v Speaker 1>Ethereum blockchain. Also, PayPal and Venmo both offer crypto trading.

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<v Speaker 1>Right you can buy bitcoin, etherorem and so forth. So

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<v Speaker 1>let me give it to details. PayPal and Venmo have

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<v Speaker 1>integrated the Ethereum Naming Service NS into their payments platforms.

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<v Speaker 1>N S Labs announced tuesday. NS is a decentralized naming

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<v Speaker 1>system built on the Ethereum blockchain that gives readable names

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<v Speaker 1>to crypto addresses. Now, users of PayPal and Venmo can

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<v Speaker 1>enter the recipient's NS named directly in the search field

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<v Speaker 1>when sending crypto, and the payment platforms will automatically identify

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<v Speaker 1>the wallet addresses linked to the ENS. The feature will

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<v Speaker 1>be available for US users first. According to the release, folks,

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<v Speaker 1>this is a core infrastructure item that is needed for

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<v Speaker 1>the global adoption of crypto for billions of people to

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<v Speaker 1>come in. Because not everyone is going to be comfortable

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<v Speaker 1>with the long hash addresses right the wallet addresses. Not

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<v Speaker 1>everyone is going to be able to navigate the ability

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<v Speaker 1>to share wallet addresses and do all these things. But

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<v Speaker 1>if they have a name that's blockchain friendly, kind of

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<v Speaker 1>like a domain name. Right, you go to thinkingcrypto dot com,

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<v Speaker 1>that's my website, or you can go to Tony Edward

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<v Speaker 1>dot com. Well, if you have thinkingcrypto dot ether or

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<v Speaker 1>thinkingcrypto dot whatever, and you give that to people, they

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<v Speaker 1>can simply type that into whatever platform they're using and

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<v Speaker 1>send you crypto. And the great thing is many of

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<v Speaker 1>these naming services are becoming interoperable with different blockchains. So

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<v Speaker 1>you can send bitcoin, eth, madic, XRP, whatever it is,

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<v Speaker 1>and the service will automatically designate the funds to the

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<v Speaker 1>approach its wallet. And that is the future. That's how

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<v Speaker 1>it has to work because there are so many chains

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<v Speaker 1>and so many tokens, and I've often talked about we're

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<v Speaker 1>headed to the token economy, right, So if you have

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<v Speaker 1>even tokenized assets on the Ethereum blockchain or an avalanche

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<v Speaker 1>or whatever it may be, there needs to be interoperability.

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<v Speaker 1>We can't be segmented where it's like, oh, you're on

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<v Speaker 1>etherorem and I'm on Soalana. Oh, I guess we can't

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<v Speaker 1>do anything. We can't send each other anything. It can't

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<v Speaker 1>work that way. NFTs Tokenized Assets stable coins, crypto assets

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<v Speaker 1>all will need to be interoperable, and having a name

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<v Speaker 1>service like this will be a common thing where everyone

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<v Speaker 1>will have this similar to once again like a domain

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<v Speaker 1>name or a social media handle, right, and they can

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<v Speaker 1>just give that, Oh, you want to send me some funds,

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<v Speaker 1>go to Jane do dot ether right, a simple example.

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<v Speaker 1>But that is where we're headed to, and the infrastructure

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<v Speaker 1>needs to be built out and it needs to be

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<v Speaker 1>interoperable as mentioned, but when you have a payment like

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<v Speaker 1>PayPal integrating it, it will help to push mass adoption.

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<v Speaker 1>So this is very bullish for the mass adoption of crypto,

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<v Speaker 1>but also super bullish for Etheroreum And in full disclosure,

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<v Speaker 1>I am an ETH token holder and bullish on ETH.

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<v Speaker 1>I think Eth could get to ten k at least

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<v Speaker 1>this bull market cycle. That's not a guarantee, that's not

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<v Speaker 1>a certainty. That's just my prediction and we'll see if

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<v Speaker 1>he does get there, but even if not, in it

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<v Speaker 1>just tops out a eight thousand, I'm fine with that.

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<v Speaker 1>I'll be taking profits now. Moving ahead, Paxos is set

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<v Speaker 1>to expand to arbitrum, any therum layer to network, so

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<v Speaker 1>more bullish news for ethereum as well. As Arbitram, Paxos.

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<v Speaker 1>Select stable coins are currently available on Ethereum, the Polygon

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<v Speaker 1>proof of State network and Solana. So Paxos they helped

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<v Speaker 1>to launch different stable coins. I had interviewed Charles Cascarilla,

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<v Speaker 1>who's the CEO of Paxos over the years. I'm trying

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<v Speaker 1>to get some folks on. I remember they're working with

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<v Speaker 1>PayPal to launch their stable well to help process their

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<v Speaker 1>stable coin, which is all already launched. They were also

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<v Speaker 1>working with finance, with busd and much more so. Paxos

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<v Speaker 1>is a big infrastructure player and it's great to see

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<v Speaker 1>that they're expanding their stable coins onto another blockchain, arbitrump

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<v Speaker 1>and as I just said, interoperability multiple chains. We need

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<v Speaker 1>it all to function together, folks. So all bullish news now,

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<v Speaker 1>speaking of bullish news, Vello and I don't hold this token, guys.

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<v Speaker 1>Vello has a token. You can check it out on

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<v Speaker 1>coin market cap. I don't hold it. It's not possible

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<v Speaker 1>to invest into everything. But they got some very bullish

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<v Speaker 1>news here. They tweeted out vellow Labs incorporates black Rocks

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<v Speaker 1>tokenized short term Treasury Fund BIDDLE into USDV, enhancing seamless

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<v Speaker 1>transactions and yield opportunities for over one million users in

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<v Speaker 1>Southeast Asia with securitized backed by Blackrock. This move strengthens

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<v Speaker 1>the defied landscape in the region. A monumental leap in

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<v Speaker 1>blockchain powered payments and trading. Big move here by Velo,

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<v Speaker 1>very smart, and they're working with the folks Securities who

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<v Speaker 1>are working with Blackrock. Securities helped black Rock to launch

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<v Speaker 1>your tokenization initiatives. And if you saw my interview with

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<v Speaker 1>Carlos Domingo's CEO and co founder of Securities that was

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<v Speaker 1>published about a month ago or so, we talked a

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<v Speaker 1>lot about how they're working with black Rock, So if

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<v Speaker 1>you haven't seen the interview and be sure to check

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<v Speaker 1>it out. So they said here with USDV now backed

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<v Speaker 1>by black Rocks institutional grade Biddle fund, users across Southeast

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<v Speaker 1>Asia can enjoy bank free transactions, cross border money transfers,

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<v Speaker 1>and even store of value, all while earning competitive unchain yields.

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<v Speaker 1>This is really great and shows the ability of crypto

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<v Speaker 1>to offer great returns and yields. Now, the problem is

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<v Speaker 1>here in the United States, we don't have clarity, so

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<v Speaker 1>you know, staking is still being threatened by Gary Gins

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<v Speaker 1>and the SEC had much more, but eventually we'll get

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<v Speaker 1>regulations and more of these products can be launched here

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<v Speaker 1>in the United States. But this is big news if

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<v Speaker 1>you're a vellow token holder. So once again you can

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<v Speaker 1>check out this token. I don't know too much about it.

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<v Speaker 1>I'm still researching it, but I don't hold any as

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<v Speaker 1>in full disclosure. Now, quick word from our sponsor, and

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<v Speaker 1>that is bitgo, which is one of the top tier

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<v Speaker 1>crypto custodians in the crypto industry. Bitco works with many

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<v Speaker 1>big companies and exchanges in the market. They're headed up

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<v Speaker 1>by Mike Belshie, who is a Web one point zero legend.

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<v Speaker 1>I've often interviewed Mike on the podcast. Some of the

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<v Speaker 1>trusted companies and brands that are using bitco include Pantera

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<v Speaker 1>Capital as Dan morehead, Bitstamp Exchange, Bitcoin Ira. Nike uses

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<v Speaker 1>Bitgo's wallet services for their NFTs and some of the

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<v Speaker 1>great services that they offer include hot wallets, custodial wallets,

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<v Speaker 1>self managed cold wallets, and NFT wallets. So if you'd

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<v Speaker 1>like to learn more about bitco, visit bitgo dot com.

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<v Speaker 1>Link will be in the description. Now, guys, yesterday I

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<v Speaker 1>told you about the defied Congressional hearing and that took

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<v Speaker 1>place this morning and it was a really good hearing.

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<v Speaker 1>It was the first ever about DeFi and it's great

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<v Speaker 1>that this is a topic coming up because we've seen

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<v Speaker 1>a lot of regulatory uncertainty around DeFi here in the

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<v Speaker 1>United States, a lot of attacks on DeFi, and we

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<v Speaker 1>need to educate the folks in DC about this and

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<v Speaker 1>help get people to support the proper balance legislation. Here.

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<v Speaker 1>Ron Hammond says, we are live at the first Congressional

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<v Speaker 1>hearing on DeFi. This is setting the stage for policy

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<v Speaker 1>priorities for twenty twenty five and largely expected to be educational.

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<v Speaker 1>Taylor Barr of the Digital Chambers said by exploring nuanced

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<v Speaker 1>topics like DeFi and tokenization, Representative French Hills Subcommittee shows

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<v Speaker 1>they are committed to maintaining US leadership in the digital economy.

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<v Speaker 1>So I'm going to try to get Frenchchill back on

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<v Speaker 1>the podcast to talk about this. But Taylor said this

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<v Speaker 1>is critical to have this discussion to keep the momentum going.

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<v Speaker 1>After the FIT twenty one bill passing the House in May, remember,

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<v Speaker 1>seventy one Democrats joined the Republicans to get that through

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<v Speaker 1>and we need to get that some sort of a bill,

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<v Speaker 1>whether it's Cynthia Lummis and Jillibrand's version through the Senate

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<v Speaker 1>or the FIT twenty one through the Senate. We have

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<v Speaker 1>to get it through the Senate and eventually whoever's president

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<v Speaker 1>to sign it into law. But this is a big

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<v Speaker 1>move now. It wasn't without controversy because you had your

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<v Speaker 1>anti crypto army people. Elizabeth Warrens cronies were of course here,

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<v Speaker 1>Brad Sherman and even Representative Sean Caston, who's a Democrat,

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<v Speaker 1>no surprise there, and if you look at Stanford Crypto's website,

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<v Speaker 1>he is strongly against crypto. He voted against the CBDC

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<v Speaker 1>Anti Surveillance State Act, he voted against FIT twenty one,

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<v Speaker 1>so he didn't join his Democrat colleagues. He voted against

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<v Speaker 1>this SAB one two one House Joint resolution, So a

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<v Speaker 1>big time brown newser of Elizabeth Warren. And of course

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<v Speaker 1>the Sherminador Brad Sherman was there, you know, talking some

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<v Speaker 1>sort of bullshit, his normal nonsense. You know, sometimes you

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<v Speaker 1>have people who are anti crypto, who are tickle it,

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<v Speaker 1>and they can form a good thought and you know

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<v Speaker 1>they'll present an argument and so forth, and you can actually,

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<v Speaker 1>you know, sit down and listen to them in reason

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<v Speaker 1>with them. But Brad Sherman is like the crazy uncle

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<v Speaker 1>or crazy grandpa. All right, who's who's living somewhere up

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<v Speaker 1>in the mountains. And then he comes out and he's

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<v Speaker 1>talking all kinds of madness. So he was, you know,

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<v Speaker 1>making all kinds of weird statements as usual. I remember

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<v Speaker 1>he's the one that talked about mongoose coin and all

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<v Speaker 1>kinds of stuff in the past. He's just a joke

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<v Speaker 1>at this point. Now, speaking of Elizabeth Warren's clown army,

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<v Speaker 1>let's talk about Gary Genser. So the SEC is doubling

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<v Speaker 1>down on SAB one two one. There's an update here

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<v Speaker 1>saying that they don't want to step back with SAB

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<v Speaker 1>one to one, even though the Government Accountability Office had

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<v Speaker 1>called this thing out saying it needs to go through Congress.

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<v Speaker 1>We know that Congress tried to repeal this thing, but

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<v Speaker 1>Joe Biden ultimately vetoed it. But you know, the SEC

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<v Speaker 1>is doubling down. But it's not so much hester pers

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<v Speaker 1>or market way to it is Gary Ginster and the

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<v Speaker 1>other two Democrat commissioners, and apparently Gary ginser internal comments

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<v Speaker 1>were mistakenly released to the public. Kitlin Long highlighted it.

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<v Speaker 1>It's not related to cryptos specifically, but it just shows

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<v Speaker 1>the secs just a joke sometimes. And you remember they

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<v Speaker 1>got their Twitter account hacked with the bitcoin ETF launch

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<v Speaker 1>and much more. Gary, I don't know what to say, man.

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<v Speaker 1>I hope that he gets fired if Donald Trump wins

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<v Speaker 1>and or Kamala Harris wins, that Gary's out of there

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<v Speaker 1>because he's a scumbag regulator. Now, the Japanese public company

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<v Speaker 1>Meta Planet continues to buy more bitcoin. They are the

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<v Speaker 1>Michael Sailor micro Strategy of Japan, but they are ahead

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<v Speaker 1>of the curve folks, and it's a smart move. And

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<v Speaker 1>micro STRATEGI has figured out this arbitrage with their stock

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<v Speaker 1>and so forth. And I think this Japanese company, Metaplanet

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<v Speaker 1>is realizing that that they can make some really nice

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<v Speaker 1>returns and boost the value of their company and stock

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<v Speaker 1>value and so forth. We got news here that crypto

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<v Speaker 1>ETFs from State Street and Galaxy Digital begin trading. So

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<v Speaker 1>State Treat is a massive Wall Street bank. Galaxy Digital

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<v Speaker 1>of course headed up by Mike Novograts. These are two

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<v Speaker 1>big players here. So the two firms. New funds provide

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<v Speaker 1>mixed exposure to various companies associated with blockchain technology in

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<v Speaker 1>addition to cryptocurrencies through futures and other ETFs. The three

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<v Speaker 1>funds started trading today under the tickers DECO, d ECO,

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<v Speaker 1>HEKO h E c O and tech x t e

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<v Speaker 1>k X. So great to see that different financial products

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<v Speaker 1>are being launched around crypto folks. This is really bullish

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<v Speaker 1>for their future adoption at crypto. Now, let's end it

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<v Speaker 1>on some really positive news. Former Alameda CEO Caroline Ellison

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<v Speaker 1>SPS one time girl friend and fling right. She is

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<v Speaker 1>sent to face sentencing on September twenty fourth, following the

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<v Speaker 1>FTX follow up. So I was wondering, Actually just the

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<v Speaker 1>other day, I was like, what happened to Caroline Ellison?

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<v Speaker 1>When is she going to jail? Right? All these crooks,

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<v Speaker 1>what it's Alex Mashinsky, Sam Bank, Murfee, Caroline Ellison, all

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<v Speaker 1>of them need to go to jail. You do the crime,

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<v Speaker 1>you paid the time, and they scammed a ton of people.

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<v Speaker 1>They put a big black stain on the crypto industry.

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<v Speaker 1>Thankfully we're coming out of that, and I think the

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<v Speaker 1>industry is maturing and growing from here, and Wall Street's

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<v Speaker 1>here right, Black Rock Fidelity and so forth. But these

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<v Speaker 1>people need to go to jail. They need to stay

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<v Speaker 1>away from crypto. So Ellison's lawyer asked the judge on

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<v Speaker 1>Monday to redact some names and information regarding her living

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<v Speaker 1>situation that they say could put her at risk. So

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<v Speaker 1>she needs to go to jail. Sam Beck mcfred is

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<v Speaker 1>in jail. So nature is healing folks. All right, folks,

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<v Speaker 1>that's the news. Leave your thoughts and comments below hit

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<v Speaker 1>the thumbs up button. Don't forget to sign up for

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<v Speaker 1>my free email news that are on substack filled with

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<v Speaker 1>crypto knowledge and insights. Also, be sure to grab a

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<v Speaker 1>copy of my book, Rethinking Crypto. It's available on Amazon

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<v Speaker 1>and paperback and digital, also available on Barnes Andnobles dot com.

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<v Speaker 1>Grab a copy to support the podcast, Buy a few

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<v Speaker 1>copies for your friends and family. Give it to them

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<v Speaker 1>as gifts, guys, as the holidays come up and so forth.

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<v Speaker 1>It will make a great gift to help them understand crypto.

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<v Speaker 1>What the hell is happening here? It includes some investment

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<v Speaker 1>tips and so forth. And if you bought a copy,

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<v Speaker 1>my friends, please please please leave a rating and review

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<v Speaker 1>it will help out my rankings. Thank you so much,

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

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<v Speaker 1>later