WEBVTT

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<v Speaker 1>Kamala Harris at a Wall Street fundraiser said she is

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<v Speaker 1>ready to support crypto. This is big news. This is

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<v Speaker 1>the first time she's spoken publicly about the asset class.

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<v Speaker 1>I'll give it to details and crypto venture capital firms

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<v Speaker 1>are on a fundraising spree, raising billions of dollars and

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<v Speaker 1>you know where that money's going to go, straight into

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<v Speaker 1>the crypto market. Let's get into it. Hey, everybody, welcome

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<v Speaker 1>into the Thinking Crypto podcast. You're home for cryptocurrency news

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<v Speaker 1>and interviews. I'm your host, Tony Edward. On your way in,

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<v Speaker 1>Please hit that subscribe button as well as a thumbsup

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<v Speaker 1>button and leave a comment below. If you're listening on

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<v Speaker 1>a podcast platform such as Spotify or Apple, please leave

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<v Speaker 1>a five star rating and review. Folks, the big news

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<v Speaker 1>of the day is that Kamala Harris, while speaking to

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<v Speaker 1>a Wall Street crowd doing a fundraiser, said she's ready

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<v Speaker 1>to encourage crypto businesses while protecting consumers. Now, this is

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<v Speaker 1>coming from a credible source. It's coming from a Bloomberg

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<v Speaker 1>reporter who was there and she shared the details. Let

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<v Speaker 1>me give you a quick TLDR. We'll go into some

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<v Speaker 1>fine details that the reporter highlighted so Vice President Harris

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<v Speaker 1>said she would encourage innovative technologies like AI and digital

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<v Speaker 1>assets while protecting our consumers and investors as president during

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<v Speaker 1>comments made at a Wall Street fundraiser. According to a

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<v Speaker 1>Bloomberg reporter, President Reuters also reported today that the Harris

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<v Speaker 1>campaign plans to unveil new economic policies this upcoming week,

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<v Speaker 1>so we could see an updated version of her policy,

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<v Speaker 1>and it may include Crypto. Now, I know some of

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<v Speaker 1>the Trump supporters are going to get triggered, and I'm

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<v Speaker 1>going to get a bunch of hateful comments, but I

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<v Speaker 1>will state my stance for the million time. I am

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<v Speaker 1>not telling you to go vote for Kamala Harris. The

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<v Speaker 1>point is I want to take crypto off the table

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<v Speaker 1>of the election because crypto needs bipartisan support both Democrats

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<v Speaker 1>and Republicans to get legislation through the Senate, and then

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<v Speaker 1>obviously we need a president to support it. So far

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<v Speaker 1>this year we saw a lot of Democrats turned their

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<v Speaker 1>back on Elizabeth Warren and Gary Genser and work with

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<v Speaker 1>the Republicans to a crypto legislation out of the House,

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<v Speaker 1>as well as REPEALSAB one two one. You have Chuck

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<v Speaker 1>Schumer and some other big Democrats who are supporting this.

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<v Speaker 1>So once again, I want to make crypto bipartisans. So

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<v Speaker 1>Kamala Harris coming out and saying hey, I support crypto,

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<v Speaker 1>I think is very good and it bodes well for

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<v Speaker 1>the legislation that's needed and the adoption of this technology

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<v Speaker 1>because you can't just have one party supporting this asset class. Now.

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<v Speaker 1>I know Elizabeth Warren made it political and she formed

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<v Speaker 1>the anti crypto army. So we have to fight back

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<v Speaker 1>and we have to hold Kamala Harris accountable because this

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<v Speaker 1>has been happening under Joe Biden's presidency and Kamala Harris

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<v Speaker 1>has been vice president. Right, let's keep it real. But

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<v Speaker 1>my hope is that they can turn a new leaf

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<v Speaker 1>here and do things right. And I want to get

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<v Speaker 1>it off the ballot. Folks. You guys can vote for

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<v Speaker 1>every other issue and so on and so forth, but

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<v Speaker 1>from a crypto standpoint, I'm trying to get it off

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<v Speaker 1>the ballot. So please understand where I'm coming from. I

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<v Speaker 1>am not saying go vote for Kamala Harris. I'm simply saying,

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<v Speaker 1>let's put the price on so we can get crypto

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<v Speaker 1>legislation through because once again, you need vote parties and

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<v Speaker 1>this will open up more capital to come into the market.

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<v Speaker 1>That's the end goal for me. Once again, there are

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<v Speaker 1>other issues in this election that you can go vote

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<v Speaker 1>on and vote for who you want. Because you are adults,

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<v Speaker 1>I'm not here to tell you who to vote for.

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<v Speaker 1>You're not children. So keeping it one hundred percent real

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<v Speaker 1>with you, guys. So the reporter, her name is Jennifer Epstein,

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<v Speaker 1>and she tweeted out Kamala Harris's full comments and she says,

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<v Speaker 1>here here are her first comments on crypto. As a

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<v Speaker 1>Democrat nominee. To build that opportunity economy, I will bring

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<v Speaker 1>together labor, small businesses, founders and innovators, and major companies.

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<v Speaker 1>We will partner together to invest in America's competitiveness, to

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<v Speaker 1>invest in America's future. We will encourage innovative technologies like

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<v Speaker 1>AI and digital assets while protecting consumers and investors. We

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<v Speaker 1>will create a safe business environment with consistent and transparent

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<v Speaker 1>rules of the road. Very encouraging. As I've been saying,

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<v Speaker 1>show me, don't tell me, because Genzer and Elizabeth Warren

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<v Speaker 1>are still in the loose. So guys, you know, I

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<v Speaker 1>keep it real here. I put my political id ideologies

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<v Speaker 1>and favoritism and candidates to decide, and I keep it

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<v Speaker 1>real here. I need to see action because right now,

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<v Speaker 1>Donald Trump has taken more action than Kamala Harris. I

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<v Speaker 1>know under his tenure as a president he was anti crypto,

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<v Speaker 1>but I think he has since educated himself understood that

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<v Speaker 1>this technology is here to say. I've watched him say

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<v Speaker 1>different things in different places, even at the World Economic Forum.

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<v Speaker 1>I've heard him talk about, you know, technology like this,

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<v Speaker 1>and he's doing a lot more. But Kamala Harris nothing

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<v Speaker 1>this one comment. Fine, this is good, it's positive, but

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<v Speaker 1>we need to see action now. To add some context

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<v Speaker 1>of this, why do you think this came up at

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<v Speaker 1>this fundraiser? Wallstreet is here right, Blackrock, Fidelity and so forth.

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<v Speaker 1>They are heavily invested in crypto and AI. They're building products, ets,

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<v Speaker 1>they're tokenizing. So she has to recognize that this technology

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<v Speaker 1>is relevant and it's here to stay. Plus, if you're

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<v Speaker 1>looking for funds, if you're going to be anti crypto

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<v Speaker 1>a big part of what Wall Street is investing in

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<v Speaker 1>to make money, you're shooting yourself in the foot. So

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<v Speaker 1>I think this may be a wake up call for her.

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<v Speaker 1>Right that in this room, and Wall Street has a

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<v Speaker 1>lot of money, They do a lot of campaign donations.

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<v Speaker 1>You better start endorsing crypto, you better start embracing crypto.

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<v Speaker 1>But we need to see more. So very big news,

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<v Speaker 1>my friends. Now here's what folks in the industry are saying.

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<v Speaker 1>Jake Trawirsky, who's a really well known legal expert in

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<v Speaker 1>the crypto industry, said, this is progress, and progress is good,

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<v Speaker 1>but while protecting our consumers investors could mean a lot

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<v Speaker 1>of things. The anti crypto army uses consumer protection as

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<v Speaker 1>a smokescreen to conceal their attempts to destroy our industry. I,

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<v Speaker 1>for one, want to see policy details. Bam spot on.

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<v Speaker 1>This is exactly how I feel. Show me, don't tell me,

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<v Speaker 1>say anything, but I need to see action. And as

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<v Speaker 1>I mentioned earlier, Elizabeth Warn and Gary Ginster have been

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<v Speaker 1>running a mock under this administration, which is Kamala Harris

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<v Speaker 1>is a part of Here's what Fiar Chizade of coinbase said.

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<v Speaker 1>I had him on the podcast a couple of times.

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<v Speaker 1>He said, this is an important and constructive statement from

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<v Speaker 1>Kamala Harris. It's not nearly as forward leaning as the

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<v Speaker 1>concrete and visionary positions taken by Donald Trump. But it's

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<v Speaker 1>still notable because one, she recognizes digital asset innovation as

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<v Speaker 1>being important and on par with AI. She understands that

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<v Speaker 1>there's a path that promotes innovation while protecting consumers and investors.

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<v Speaker 1>And Third, her statement comes after weeks of outreach by

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<v Speaker 1>her inner circle, who are thoughtful and open minded on crypto.

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<v Speaker 1>So there's been a lot of events, even some bipartison events.

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<v Speaker 1>There was one this week with stand with Crypto, Patrick

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<v Speaker 1>McHenry who's a Republican, Walie Nichol who's a Democrat, and

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<v Speaker 1>they had the Chainsmokers and those folks there. So you're

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<v Speaker 1>seeing on the congressional level there is bip artists and support.

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<v Speaker 1>So guys, eventually both parties will one support this asset class.

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<v Speaker 1>We will be in the clear, we'll get the regulations,

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<v Speaker 1>but we've got to keep putting the pressure. Once again,

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<v Speaker 1>you don't have to love kam Laers, you don't have

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<v Speaker 1>to be voting for her, but you want to at

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<v Speaker 1>least put the pressure to get Democrats to support this

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<v Speaker 1>thing so that we can get legislation through and more

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<v Speaker 1>capital can come into the market. That's the end goal,

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<v Speaker 1>and not to make this an election issue. And that's

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<v Speaker 1>not to take away anything from Donald Trump. I give

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<v Speaker 1>a whole bunch of credit to Donald Trump. He shifted

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<v Speaker 1>crypto's Overton political Overton window, and I'm actually going to

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<v Speaker 1>be doing a mini documentary on that very soon. So

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<v Speaker 1>big credit to Donald Trump, of course. But at the

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<v Speaker 1>end of the day, guys, the end goal more capital,

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<v Speaker 1>more clear, clarity for entrepreneurs and investors. Now check this out. Guys.

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<v Speaker 1>Dan Tapiro, who's a big time fund manager, I've had

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<v Speaker 1>him on the podcast a few times. He says, landmark Ledger.

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<v Speaker 1>And why did he say that. He tweeted out a

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<v Speaker 1>full page ad in the New York Times that is

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<v Speaker 1>from Ledger. That's amazing in the New York Times. And

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<v Speaker 1>obviously they highlight that you can store your crypto with

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<v Speaker 1>them and safely do it and so forth. Guys, crypto

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<v Speaker 1>is going mainstream and the fact that you have a

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<v Speaker 1>Ledger hardware wallet add in a full page in the

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<v Speaker 1>New York Times is very bullish in my opinion. Now,

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<v Speaker 1>US Bitcoin ETF see inflows worth ninety two million dollars.

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<v Speaker 1>So on Friday we get information that the exchange traded

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<v Speaker 1>funds saw net inflows of ninety two million dollars and

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<v Speaker 1>this was spread across the seven funds. That's good. We're

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<v Speaker 1>seeing positive inflows. I think this is a second week

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<v Speaker 1>or third week in a row that we were seeing

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<v Speaker 1>positive inflow, So that's good. No negative. I think people

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<v Speaker 1>are starting to get bullish, you know, after the fed

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<v Speaker 1>Erray cuts and much more. Bitcoin looks like it's very

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<v Speaker 1>close to bottoming out, so we do have to be patient.

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<v Speaker 1>As we've been talking about, September is a red month,

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<v Speaker 1>but October is coming. Q four is usually very good

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<v Speaker 1>seasonality wise. Now there's no guarantees, but using the technicals,

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<v Speaker 1>the fundamentals and the macro, that is what we're seeing

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<v Speaker 1>right now. Now. Quick word from our sponsor, and that

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<v Speaker 1>one enterprise blockchains out there. Guys, v chain is huge.

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<v Speaker 1>They're getting massive adoption from many big brands and institutions.

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<v Speaker 1>Many of these companies are using vchain to build Web

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<v Speaker 1>three applications, decentralized app ecosystems, and much more. Some of

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<v Speaker 1>the great benefits of the v chain blockchain include it

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<v Speaker 1>is secure, affordable, scalable, fast, and sustainable. Some of the

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<v Speaker 1>brands working with v chain include gvon Chi, BMW Walmart China, PwC.

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<v Speaker 1>That's one of the top four accounting firms in the world.

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<v Speaker 1>Sam's Club. So I've been a VET token holder for

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<v Speaker 1>many years, guys. I believe in this project. It's one

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<v Speaker 1>of my biggest holdings. So I put my money where

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<v Speaker 1>my mouth is. So I believe in this project. So

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<v Speaker 1>if you'd like to learn more about v chain, v

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<v Speaker 1>chain dot org link will be in a description. Now,

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<v Speaker 1>we get news that cryptovcs are on a funding spree

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<v Speaker 1>and they're raising lots of capital, guys, so let me

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<v Speaker 1>give it to details. Cryptovcs have raised over two point

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<v Speaker 1>two billion dollars in new capital through closed funds this

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<v Speaker 1>year as of August, according to pitchbook data. In the

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<v Speaker 1>last few weeks alone, at least half a dozen vcs

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<v Speaker 1>have collectively raised over five hundred million dollars. Notable examples

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<v Speaker 1>include Parafy Capitals one hundred and twenty million dollar fund,

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<v Speaker 1>Bortalless Capitals one hundred million dollar fund, Hack Vcs seventy

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<v Speaker 1>seven million dollar fund, and Robot Ventures seventy five million

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<v Speaker 1>dollar fund. Additionally, several funds are actively seeking new capital

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<v Speaker 1>this year. With Dragonfly Capital reportedly aiming for five hundred

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<v Speaker 1>million dollars and already raising half of that amount. This

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<v Speaker 1>is very bullish. This is liquidity that's going to be

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<v Speaker 1>put into the market. Now, not all of it is

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<v Speaker 1>going to go to coins. Some of it's going to

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<v Speaker 1>go to infrastructure companies, right, They're going to get equity,

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<v Speaker 1>private equity and so forth. But the point is these companies,

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<v Speaker 1>these funds are bullish. They're not seeing a bear market

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<v Speaker 1>like some people are calling, Oh, the bull market's over,

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<v Speaker 1>everything's over. No, there's cycles playing out here in the micro,

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<v Speaker 1>but when you look at the macro, we're on track

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<v Speaker 1>to new all time highs. And this is a very

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<v Speaker 1>good sign that the market's maturing, that there's demand, there's interest.

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<v Speaker 1>People see what's on the horizon and they're putting more

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<v Speaker 1>capital into it. And this is obviously just this year.

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<v Speaker 1>Over the years, there's been tons of funds. A sixteen

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<v Speaker 1>Z has raised a billions and many other funds. Guys.

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<v Speaker 1>It's pretty incredible stuff. So very bullish news. And you

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<v Speaker 1>want to watch what these vcs are doing, which projects

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<v Speaker 1>they're investing in, which tokens they're putting their money into,

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<v Speaker 1>because that could be an indication. It's not a guarantee,

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<v Speaker 1>but an indication of how that token may perform. We've

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<v Speaker 1>seen that time and time again. Now, guys, on Friday,

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<v Speaker 1>I told you about the SEC approving the Bitcoin ETM

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<v Speaker 1>options with black Rocks ETF, and that's very bullish. I'm

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<v Speaker 1>going to try to get Nate Jerrasi of the ETF

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<v Speaker 1>Store on this week to talk about it, but he

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<v Speaker 1>shared some additional thoughts that I want to highlight here.

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<v Speaker 1>He says, so once options trading on spot Bitcoin ETF commences,

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<v Speaker 1>expect a flurry of various ETF filings, Bitcoin buffer or

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<v Speaker 1>defined outcome ETFs, Bitcoin premium income or yield max covered

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<v Speaker 1>call ETFs, bitcoin tail risk ETS, bitcoin convexity ets, all

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<v Speaker 1>of it. Now, I don't know what the hell some

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<v Speaker 1>of these are. So that's what I'm going to get

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<v Speaker 1>Nate on. But the point is, guys, we're high heading

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<v Speaker 1>to higher highs and this is going to usher in

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<v Speaker 1>more liquidity, more institutional investors, and all of that is

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<v Speaker 1>very bullish with his acid class. So that's why I'm

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<v Speaker 1>sharing with you. That's why I'm excited, and the bull

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<v Speaker 1>market's not over yet, guys. Now, Fred Thiel, who's the

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<v Speaker 1>CEO Marathon Digital, which is one of the biggest bitcoin

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<v Speaker 1>miners out there. He says, the more entrenched bitcoin becomes

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<v Speaker 1>in the final ancial system, the better. Now we need

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<v Speaker 1>the SEC to exempt all federally chartered banks from SAB

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<v Speaker 1>one to one and then things will really accelerate. BNY

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<v Speaker 1>Mellon is a New York chartered bank and is exempted.

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<v Speaker 1>Hopefully more will follow. So he retweeted the news about

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<v Speaker 1>the options and he said, you know, obviously the next

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<v Speaker 1>big phase would be these banks being able to custody crypto.

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<v Speaker 1>I believe they will eventually. The SEC is going to

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<v Speaker 1>fold SAB one two one was called out by the

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<v Speaker 1>Government Accountability Office as being unlawful. It got repealed by

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<v Speaker 1>Republicans and Democrats in the House and Senate, but Biden,

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<v Speaker 1>who probably got the call from Elizabeth Warren, vetoed that repeal. So, uh,

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<v Speaker 1>guys were winning. The pressures is on the anti crypto army.

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<v Speaker 1>A lot of people are leaving that army. We've seen

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<v Speaker 1>people back out of bills who are aligned with Elizabeth Warne.

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<v Speaker 1>We see many of them are losing in the elections.

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<v Speaker 1>So we're going to get there and we just got

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<v Speaker 1>to keep putting the pressure and fighting. Now, Coinbase announces

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<v Speaker 1>plan to bring cb BTC to Solona's network. So this

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<v Speaker 1>is coinbase is wrapped bitcoin derivative. So they're planning to

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<v Speaker 1>expand this to Solana's network and there's no specific date,

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<v Speaker 1>but pretty big for Solona. And obviously what Coinbase is

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<v Speaker 1>doing here, I think Coinbase is making the right moves.

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<v Speaker 1>You know, Base was a massive hit for them, generating

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<v Speaker 1>a ton of revenue, and I think this the derivative

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<v Speaker 1>of bitcoin here opens up a lot of defian options

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<v Speaker 1>for bitcoin, which you know, obviously is very good for

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<v Speaker 1>the adoption and continued to use on liquidity and all

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<v Speaker 1>these things. Now we got news here that plu network

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<v Speaker 1>says it's tokenizing over one billion dollars in real world

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<v Speaker 1>assets like solar farms, medicaid claims, and mineral rights. Folks,

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<v Speaker 1>I know I sound like a broken record, but I've

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<v Speaker 1>been telling you all for years. We're headed to the

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<v Speaker 1>token economy. Everything running on the blockchain, twenty four to seven,

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<v Speaker 1>markets open three hundred and sixty five days of the year,

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<v Speaker 1>no more opening and closing bell, no more markets closed

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<v Speaker 1>on weekends. It's going to be a truly global market

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<v Speaker 1>place and it's exciting what's taking place. So Plume Network

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<v Speaker 1>plans to have about one point two five billion dollars

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<v Speaker 1>of real world assets tokenized by the fourth quarter. Token

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<v Speaker 1>Holders will be able to earn a yield on different assets,

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<v Speaker 1>and that's including what I mentioned before, minimal right, solar farms,

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<v Speaker 1>and medicaid claims. So incredible stuff, folks, very very bolish

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<v Speaker 1>our final news item here, Travala expands booking support to

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<v Speaker 1>Solana based assets, offers Soul travel rewards. So Travala has

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<v Speaker 1>integrated with Solana, expanding cryptocurrency booking support beyond Ethereum and

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<v Speaker 1>Thebnb chain. Travala's token is also being deployed on Solana

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<v Speaker 1>and the platform will offer a soul trade rewards alongside

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<v Speaker 1>bitcoin and Ava. Incredible adoption, and you're going to see

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<v Speaker 1>more and more of this as businesses go full on

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<v Speaker 1>Web three and understand the benefits of token and token

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<v Speaker 1>rewards and what you can do with that and to

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<v Speaker 1>help keep customers around, because if you offer token rewards

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<v Speaker 1>and so forth, there's real monetary value there versus just

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<v Speaker 1>rewards that may be just limited to certain benefits. While

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<v Speaker 1>tokens have a lot of benefits, right staking Obviously the

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<v Speaker 1>value can go up and all these different things, so

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<v Speaker 1>really exciting stuff, folks. Let me know what you think.

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<v Speaker 1>Leave your thoughts and comments below. Don't forget to sign

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<v Speaker 1>up for my free email newsletter on Substack. It's one

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<v Speaker 1>hundred percent free, filled with crypto insights and knowledge. And

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<v Speaker 1>don't forget to grab a copy of my book, Rethinking Crypto.

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<v Speaker 1>It's available on Amazon and paperback and digital. Grab a

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<v Speaker 1>copy to support the podcast. Grab a few copies for

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<v Speaker 1>your friends and family, give them as gifts this holiday.

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<v Speaker 1>Help them to learn about crypto as we head deeper

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<v Speaker 1>into the bull market and they can be knowledgeable about

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<v Speaker 1>this acid class versus being part of the dumb money

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<v Speaker 1>crowd right part of the herd. And if you bought

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<v Speaker 1>a copy already, guys, please please please leave a rating

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<v Speaker 1>a review on Amazon. It will really help me out.

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<v Speaker 1>Thank you so much. I appreciate you all, and I'll

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<v Speaker 1>talk to you all later