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<v Speaker 1>Hey, everyone, Welcome into the Thinking Crypto Podcasts. You're home

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

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<v Speaker 1>On your way in to Please sit that subscribe button

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

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

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

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<v Speaker 1>and review. Folks. We've got a very big update from

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<v Speaker 1>the SEC today. They provided further guidance on securities laws

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<v Speaker 1>as it relates to crypto assets. And even though we

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<v Speaker 1>don't have the Clarity Act past as yet, the agencies,

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<v Speaker 1>the SEC and the CFTC are providing guidance and this

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<v Speaker 1>is going to help move things along with adoption and

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<v Speaker 1>allow more institutions to come into the market to build

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<v Speaker 1>invest in much more so. They put out a release

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<v Speaker 1>titled SEC Clarifies the Application of Federal Securities Laws to

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<v Speaker 1>Crypto Assets, and Chairman Paul Atkins of the SEC, he

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<v Speaker 1>was at the DC Blockchain Summit to and he gave

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<v Speaker 1>some statements. I'll share that with you, but let me

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<v Speaker 1>give you some more details here. So the Commission issued

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<v Speaker 1>an interpretation that clarifies the application of Federal Securities laws

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<v Speaker 1>to crypto assets. This is a major step to provide

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<v Speaker 1>greater clarity regarding the Commission's treatment of crypto assets. So

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<v Speaker 1>SEC Chair Paul Atkins tweeted out the following regarding the announcement, saying,

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<v Speaker 1>after more than a decade of uncertainty, this interpretation will

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<v Speaker 1>provide market participants with a clear understanding of how the

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<v Speaker 1>SEC treats crypto assets under federal securities laws. This is

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<v Speaker 1>what regulatory agencies are supposed to do, draw clear lines

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<v Speaker 1>in terms. Now, let me play a clip of him

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<v Speaker 1>speaking at the DC Blockchain Summit today, which is hosted

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<v Speaker 1>by the Digital Chamber.

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<v Speaker 2>So today I'm pleased to announce that the SEC's persistent

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<v Speaker 2>failure to provide clarity on this question is over. As

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<v Speaker 2>we speak. The Commission is implementing a token taxonomy, an

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<v Speaker 2>investment contract interpretation, and you should find that in your

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<v Speaker 2>inboxer if you look on the website when you get home.

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<v Speaker 2>Our interpretation, which is grounded in existing law and informed

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<v Speaker 2>by extensive public input, establishes four asset categories that are

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<v Speaker 2>not deemed to be securities, so digital commodities, digital collectibles,

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<v Speaker 2>digital tools, and payment stable coins under the Genius Act

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<v Speaker 2>with these categories in place. The interpretation then clarifies that

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<v Speaker 2>only one crypto asset class remains subject to securities laws,

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<v Speaker 2>namely digital securities, which are traditional securities that are tokenized.

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<v Speaker 2>This distinction returns the SEC to its core mission and

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<v Speaker 2>statutory authority of protecting investors involved in securities transactions. We're

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<v Speaker 2>not the Security is an everything commission anymore.

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<v Speaker 1>So the question, so this is really great, folks, this

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<v Speaker 1>is very bullish. Again, it is providing the clarity for

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<v Speaker 1>more adoption of crypto, more investment into crypto, and we

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<v Speaker 1>know this asset class is still very young and there's

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<v Speaker 1>still more to go. Higher valuations of the respective blockchains

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<v Speaker 1>that get adopted, plus the higher valuations of their native tokens.

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<v Speaker 1>And again it is both the SEC and the CFTC

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<v Speaker 1>collaborating on these things. Recently, I reported about Mike sea

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<v Speaker 1>Leg chair of the CFTC, and Paul Atkins sitting down

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<v Speaker 1>together shaking hands. They're talking, Mike collaborating. So this is

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<v Speaker 1>really really awesome. Now here's what folks in the industry

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<v Speaker 1>are saying. First up, Stuart Alderoady, Ripple's chief legal officer.

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<v Speaker 1>He said, we always knew XRP wasn't a security, and

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<v Speaker 1>now the SEC has made clear what it is a

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<v Speaker 1>digital commodity. Grateful to the Crypto Task Force for working

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<v Speaker 1>to deliver the clarity that markets, investors, and innovators have

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<v Speaker 1>long deserved. Nature Raci, who's been a frequent guest on

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<v Speaker 1>the podcast, said SEC just issued critical guidance on how

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<v Speaker 1>various crypto assets will be classified, not waiting on the claritiac.

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<v Speaker 1>Most crypto assets are not themselves securities. This is a

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<v Speaker 1>quote from the guidance the SEC provided. Nate adds, this

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<v Speaker 1>type of procrypto innovation stance from the SEC would have

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<v Speaker 1>been unthinkable two years ago. So of course Gary Ginster

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<v Speaker 1>was not going to provide anything like this. In fact,

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<v Speaker 1>he was trying to stifle the industry so his buddies

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<v Speaker 1>can catch up and they can control it, right talking

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<v Speaker 1>about his Wall Street traad five buddies. So guys, this

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<v Speaker 1>is so awesome. This is so great, and I think

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<v Speaker 1>this is going to lead to more adoption because again,

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<v Speaker 1>if you think about it, you certainly need the claritiac.

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<v Speaker 1>But the actual people who need to provide the guidance

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<v Speaker 1>and enforce it are the agencies. The fact that the

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<v Speaker 1>agencies are going ahead and getting this done while the

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<v Speaker 1>Clarity Act is still being sorted out in the Senate.

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<v Speaker 1>Is really great. So they're getting ahead of the curve here.

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<v Speaker 1>And I really really love what's happening. And I'm going

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<v Speaker 1>to try to get SEC Chair Paul Atkins on the

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<v Speaker 1>podcast to talk about this because this is all great. Now,

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<v Speaker 1>speaking of agencies, the popular Salona wallet Phantom wins the

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<v Speaker 1>CFDC NOD to access regulated derivatives markets. So these agencies

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<v Speaker 1>are providing guidance. They are giving out approvals on what

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<v Speaker 1>the infrastructure companies like Wallace and Exchanges can do and

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<v Speaker 1>much more. So let me give you some details here.

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<v Speaker 1>The CFTC said it won't pursue an enforcement against the

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<v Speaker 1>Phantom wallet for acting as a non custodial interface connecting

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<v Speaker 1>users to registered derivatives platforms, removing the need for broker

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<v Speaker 1>registration under specific conditions. Phantom calls the relief first of

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<v Speaker 1>its kind, enabling in app access to regulated derivatives and

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<v Speaker 1>event contracts while signaling a potential regulatory template for other

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<v Speaker 1>crypto wallet providers. So I think this is spot on.

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<v Speaker 1>I think this could be further guidance that the CFTC

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<v Speaker 1>provides and really great to see these things. Guys, this

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<v Speaker 1>is awesome. I'm really really excited about it because you know,

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<v Speaker 1>I was feeling a bit upset about the CLARITYAC situation.

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<v Speaker 1>But the fact that these agencies are moving ahead is

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<v Speaker 1>really really great. And you know, it calls back to

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<v Speaker 1>what Austin Campbell, who I interviewed not too long ago,

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<v Speaker 1>and many of you, I think really appreciated that interview.

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<v Speaker 1>He said, it really comes down to the agencies, the

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<v Speaker 1>regulatory agencies, and I think this is a clear example

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<v Speaker 1>that it matters what they do, not so much that

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<v Speaker 1>the Clarity Act has passed or not passed. Yes, you

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<v Speaker 1>need the Clarity Act pass because it just makes everything

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<v Speaker 1>official and it's rubber stamped and signed into law. Right,

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<v Speaker 1>but the agencies themselves have to act. But guys, it's

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<v Speaker 1>a new day and things are moving in the right direction, folks.

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<v Speaker 1>This episode is brought to you by I Trust Capital,

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<v Speaker 1>the many other exchanges and platforms out there that say

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<v Speaker 1>all paper gold and paper silver, but that's not the

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<v Speaker 1>out there. Okay, folks, Big news from MasterCard today They

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<v Speaker 1>are looking to acquire stable coin infrastructure company bv NK

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<v Speaker 1>for up to one point eight billion dollars. So the

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<v Speaker 1>deal would add on chain payment rails for stable coins,

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<v Speaker 1>token i deposits, and tokenize assets across one hundred and

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<v Speaker 1>thirty plus countries to Mastercard's existing network. MasterCard has been

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<v Speaker 1>doing a lot, if you guys recall most recently they

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<v Speaker 1>launched their Crypto Partner program right that was just last week,

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<v Speaker 1>where they're bringing crypto and banking companies together. So they're

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<v Speaker 1>not playing around folks. Look at I mean, this is

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<v Speaker 1>a huge acquisition, right. Do you think they're a bearish

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<v Speaker 1>on blockchain technology? Do you think they see blockchain technology

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<v Speaker 1>as a fad? Of course not. I think everybody recognizes

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<v Speaker 1>this is how the markets, the economies, and governments will

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<v Speaker 1>all function they're going to be running on blockchain rails.

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<v Speaker 1>So again, MasterCard agreed to buy the UK based stable

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<v Speaker 1>coin infrastructure firm BVNK for as much as one point

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<v Speaker 1>eight billion dollars. The deal is intended to link on

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<v Speaker 1>chain stable coin payments with MasterCards global network for cross

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<v Speaker 1>border transfers, remittances and business the business transactions. The acquisition,

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<v Speaker 1>which follows failed talks between b and Coinbase, underscores MasterCards

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<v Speaker 1>broader push into digital assets amid rising stable coin payment volumes,

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<v Speaker 1>and is expected to close by year end, pending regulatory approvals. Now,

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<v Speaker 1>many of you may recall I interviewed MasterCards head of

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<v Speaker 1>Crypto last year. I hope to have him back on

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<v Speaker 1>soon to talk about all these great initiatives in this

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<v Speaker 1>upcoming acquisition and talk about their updated strategy because it's

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<v Speaker 1>amazing what's happening. And of course their competitors Visa are

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<v Speaker 1>also doing the same thing, building with blockchain tech, stable

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<v Speaker 1>coins and much mores. It's just amazing to see these

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<v Speaker 1>firms do these things. Now, speaking of stable coins, PayPal

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<v Speaker 1>had just made a major update, so their stable coin

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<v Speaker 1>PYUSD is rolling out onto the PayPal wallet across seventy markets,

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<v Speaker 1>enabling faster settlements, lower costs, and build for everyday global commerce. Again,

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<v Speaker 1>send this type of news to these cryptoskeptics, the blockchain

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<v Speaker 1>skeptics who don't understand what's happening, because aside from all

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<v Speaker 1>the you know, the speculation and so forth, there's a

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<v Speaker 1>legit technology that's going to be the fabriak of how

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<v Speaker 1>things are functioning, as I mentioned in the capital markets,

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<v Speaker 1>the economies and governments moving forward. So this is incredible.

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<v Speaker 1>I will be interviewing paypals how to crypto this week

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<v Speaker 1>to talk about this news, and we're going to go

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<v Speaker 1>through all the details and you know what's your plan

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<v Speaker 1>with Venmo and their crypto offering. Of course the stable

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<v Speaker 1>coin rollout across the globe, and we're going to go

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<v Speaker 1>through all the details and make sure you guys are

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<v Speaker 1>subscribed for those interviews. Now moving ahead, this one's big

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<v Speaker 1>as well Moody's many of you know, is the Ratings

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<v Speaker 1>Agency becomes the first credit rating agency to bring its

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<v Speaker 1>ratings on chain, debuting its token integration engine on the

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<v Speaker 1>Canton network. Remember I've been telling you guys about Canton network,

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<v Speaker 1>right the dtccs using them. I'm a Canton token holder,

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<v Speaker 1>and I will continue to accumulate this token in the

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<v Speaker 1>bear mark it as it hits new lows and other

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<v Speaker 1>all coins as well. But this is one of my

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<v Speaker 1>big bets, So huge news. Moody's is also going to

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<v Speaker 1>be running a node on the Canton network. So I mean,

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<v Speaker 1>I mean, I don't even know what to say anymore.

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<v Speaker 1>This is just profound, right, You're just seeing the biggest

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<v Speaker 1>names adopt crypto and blockchain technology in different ways. So

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<v Speaker 1>Moody's Corporation today announced that Moody's Ratings has launched its

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<v Speaker 1>network agnostic Token Integration Engine, becoming the first credit rating

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<v Speaker 1>agency to ingest analytical data and share credit insights on chain.

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<v Speaker 1>As an inaugural step, it is the first rating agency

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<v Speaker 1>to operate a node on the Canton network. The milestone

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<v Speaker 1>marks a significant step in Moody's commitment to digital innovation,

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<v Speaker 1>intending to enable secure, compliant, and efficient ingestion of data

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<v Speaker 1>and dissemination of ratings enabled by technology built for integration

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<v Speaker 1>across platforms. Now, some of you may say, Tony, why

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<v Speaker 1>would they need to put it on the blockchain, Well,

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<v Speaker 1>if we're going to twenty four to seven, three sixty

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<v Speaker 1>five markets and expanding markets globally. The current system can

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<v Speaker 1>handle that. Blockchains is the way to go. So that's

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<v Speaker 1>why it's all going on chain, the assets, the analytics,

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<v Speaker 1>the data, right, all these things, everything that greases the

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<v Speaker 1>whole system on chain guys. So this is why, regardless

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<v Speaker 1>of if we're in a bear market and then is volatility,

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<v Speaker 1>have the macro view of where the puck is heading here, right,

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<v Speaker 1>take your bets, be patient and they will pay off.

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<v Speaker 1>But you've got to be patient because there are cycles

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<v Speaker 1>to markets, there are macro factors that affect markets. But

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<v Speaker 1>obviously eventually it all works out. We just got to

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<v Speaker 1>go through the roller coaster ride. Here's another example of

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<v Speaker 1>institutional adoption. So US regional banks are building tokenized deposit

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<v Speaker 1>network with on zksync to rival stable coins. So one

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<v Speaker 1>of the things that banks are looking to do is

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<v Speaker 1>build tokenized deposits, which you know, they kind of rival

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<v Speaker 1>stable ones in a way, but not entirely because they

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<v Speaker 1>can certainly coexist. So this is a very very fascinating one.

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<v Speaker 1>It says here the carry network, and I've heard of this,

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<v Speaker 1>but I don't know too much. So to carry cari

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<v Speaker 1>network is targeting a twenty twenty six rollout as banks

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<v Speaker 1>tests issuance, transfers and redemption of digital deposits. Participating banks

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<v Speaker 1>include Huntington Bank, Shares, First Horizon, M and T Bank,

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<v Speaker 1>Key Corp, and Old National Bank Corp. So certainly regional

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<v Speaker 1>banks here pretty small, right, So to Carry network is

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<v Speaker 1>you know, they're going to use it to move tokenized

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<v Speaker 1>deposits instantly on blockchain rails while keeping funds inside the

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<v Speaker 1>regulated banking system. Built on ZK Singh's infrastructure, The project

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<v Speaker 1>is targeting a twenty twenty six rollout as banks test issuance,

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<v Speaker 1>transfers and redemption of digital deposits. So again you're just

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<v Speaker 1>seeing incredible stuff here. Now, just so you know, the

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<v Speaker 1>Carry Network is a layer two platform built on ZK Sync.

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<v Speaker 1>And if you don't know about ZK saying, there is

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<v Speaker 1>a token, so again you could look to invest in

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<v Speaker 1>his token. Not financial advice, because I'm not saying that

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<v Speaker 1>you know this network that they built is going to

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<v Speaker 1>be successful. I don't know I'm speaking of the banks,

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<v Speaker 1>but clearly there's adoption. So if the price of this

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<v Speaker 1>token is down, and you know might be a good

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<v Speaker 1>bet it is down significantly, right, you can certainly grab

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<v Speaker 1>some and I'm not saying it's going to go to

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<v Speaker 1>the moon, but you know that there is potential for

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<v Speaker 1>upside because it's getting utility and with news headlines of

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<v Speaker 1>banks using it, you guys get what I'm saying, right,

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<v Speaker 1>how you want to approach investing. There's other things you

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<v Speaker 1>need to look at, like tokenomics, like who's behind the

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<v Speaker 1>project and much more. Do your full due diligence there.

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<v Speaker 1>But I mean, this is real world adoption here, right,

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<v Speaker 1>This is what you want to see from the big

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<v Speaker 1>It's getting adoption from the biggest institutions in the world.

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<v Speaker 1>Moving ahead, crypto trading firm GSR expands token advisory with

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<v Speaker 1>fifty seven million dollars in acquisitions. Wow, you guys may

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<v Speaker 1>recall I interviewed one of the folks from GSR. I

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<v Speaker 1>think it was last year, Yeah, late last year, and

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<v Speaker 1>they're one of the crypto market makers, well known. They

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<v Speaker 1>also do a lot more than market making. It looks

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<v Speaker 1>like they're making some big acquisitions here. So crypto trading

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<v Speaker 1>firm GSR is acquiring Autonomous and Architect for fifty seven

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<v Speaker 1>million dollars to help crypto projects launch their tokens. Smart

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<v Speaker 1>move you're a market maker have the ability to help

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<v Speaker 1>companies and different projects to launch their tokens. So Autonomous

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<v Speaker 1>will retain its brand and focus on token launch operations,

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<v Speaker 1>while Architect will form the core of a new unit

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<v Speaker 1>called GSR Digital Asset Advisory. By combining token design, fundraising,

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<v Speaker 1>market access, and treasury operations on a single platform, GSR

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<v Speaker 1>aims to replace the current patchwork of separate service providers.

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<v Speaker 1>Very smart move, but you can see here everybody's gearing

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<v Speaker 1>up doing as much of a land grab as possible,

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<v Speaker 1>acquiring companies, building out their network, preparing for where the

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<v Speaker 1>puck is heading, right folks. Final news item here. Ripple

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<v Speaker 1>looks to expand crypto payment services in Brazil. So Ripple

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<v Speaker 1>said it is expanding its digital asset services in Brazil

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<v Speaker 1>and plans to apply for a Virtual Asset Service Provider

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<v Speaker 1>license with the country central Bank. The company's rolling out

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<v Speaker 1>an integrated platform for banks and FinTechs that combines cross

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<v Speaker 1>border payments, crypto custody, brokerage, and treasury tools. Ripple's Brazil

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<v Speaker 1>push comes amid rapid expansion through billion dollar acquisitions and

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<v Speaker 1>launching a US dollar stable coin, Ripple usd r L USD,

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<v Speaker 1>so a big, big expansion here, and Ripple continues to

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<v Speaker 1>build its partnerships with FinTechs and banks around the world,

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<v Speaker 1>and of course they're pushing the usage of the XRP ledger.

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<v Speaker 1>Their stable coin are Lua and now they have, you know,

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<v Speaker 1>all these brokerage and settlement platforms and all these things

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<v Speaker 1>that if people want to even get exposure to other

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<v Speaker 1>assets like bitcoin, they can do that. They want to

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<v Speaker 1>have a custodian, they get. Ripple provides that smart smart

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<v Speaker 1>move here by the team at Ripple, and they're going

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<v Speaker 1>to be a powerhouse. You know, the headwinds they face

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<v Speaker 1>with the SEC all gone and it's been only up

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<v Speaker 1>from here. So if you go to r WA dot xyz,

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<v Speaker 1>which is a site I've shared with you guys, you

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<v Speaker 1>see the XRP ledger is now number four, number four

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<v Speaker 1>guys in total value that is on that is tokenized

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<v Speaker 1>on the XRP ledgers. So it's been growing and rising.

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<v Speaker 1>Incredible stuff here, so you know, go check it out, guys.

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<v Speaker 1>You can see how the other blockchains are performing. So

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<v Speaker 1>just imagine the XRP ledger was not getting any type

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<v Speaker 1>of adoption for a long time and now you just

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<v Speaker 1>look at the chart, and it's been only up and up.

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<v Speaker 1>The trend is up here right. People are putting all

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<v Speaker 1>types of tokenized assets and much more on the XRP

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<v Speaker 1>ledger now, so go check it out, guys. The data

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<v Speaker 1>doesn't lie here. And again, it's not just the XRP ledger.

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<v Speaker 1>You can look at a Canton network, e theorem, Solana

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<v Speaker 1>and much more. Folks, that's the news. Let me know

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<v Speaker 1>what you think. Leave your thoughts and comments below, hit

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<v Speaker 1>the thumbs up button subscribe it if you haven't as yet. Folks,

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<v Speaker 1>be sure to support the podcast by subscribing to my

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<v Speaker 1>free email newsletter. It is one hundred percent free. Link

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<v Speaker 1>would be in a description I put out a write

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<v Speaker 1>up yesterday. Also, be sure to grab a copy of

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<v Speaker 1>my book on Amazon. It's available in paperback, in digital.

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<v Speaker 1>And if you want to expand your knowledge about crypto

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<v Speaker 1>and blockchain, check out my comprehensive course at Mycrypto course

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<v Speaker 1>dot com. Knowledge is Power. Get a full understanding of

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<v Speaker 1>what this technology is and how it's applied and being

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<v Speaker 1>used in different ways. And right now, folks, I'm offering

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<v Speaker 1>a discount on the course if you use the code

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<v Speaker 1>bear Yes Bear B E A R. Because it's a

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<v Speaker 1>bear market, so you get fifty percent off the course price.

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<v Speaker 1>So again use the code bear to purchase a course

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<v Speaker 1>and get a fifty percent discount and again packed with

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<v Speaker 1>tons of value, and you can go at your own pace.

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<v Speaker 1>It's lifetime access, share it with your friends and family

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<v Speaker 1>if you want, and I continually update it. And if

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<v Speaker 1>you have questions within each lesson, you can leave a

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<v Speaker 1>comment and ask a question and I usually reply. So

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<v Speaker 1>if you sign up and you go in there, you'll

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<v Speaker 1>see a lot of people have asked questions and I

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<v Speaker 1>reply and I say things as well, So be sure

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<v Speaker 1>to check it out. Guys, go to mycryptocourse dot com. Folks,

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<v Speaker 1>all the links will be in the description. Thank you

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<v Speaker 1>so much for tuning in. I appreciate you all, and

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