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<v Speaker 1>Hey everyone, Welcome into the Thinking Crypto podcast. 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. Please hit that subscribe button as

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

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and be

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<v Speaker 1>sure to follow folks. We have to start with the

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<v Speaker 1>price of bitcoin, because right now it is trading below

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<v Speaker 1>sixty six thousand dollars. So we are seeing a downward

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<v Speaker 1>move here for bitcoin, and it appears that the rising

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<v Speaker 1>channel we were in has been invalidated. We were certainly

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<v Speaker 1>looking for Bitcoin to go up to eighty k maybe

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<v Speaker 1>a little bit higher, but of course no move to

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<v Speaker 1>new all time highs. This was simply a relief rally

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<v Speaker 1>and then a rollover to lower lows. Now I have

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<v Speaker 1>to say that we got to let this complete, or

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<v Speaker 1>let the week complete, and see what the weekly close

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<v Speaker 1>brings us. It could still be on the table, but

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<v Speaker 1>the probability of us continuing higher is getting lower. So

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<v Speaker 1>just be mentally prepared if Bitcoin were to do another

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<v Speaker 1>leg down and dump to the fifty ks, at which

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<v Speaker 1>point I think it finds the bottom between fifty to

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<v Speaker 1>let's say, fifty four thousand dollars. I actually wrote about

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<v Speaker 1>this in today's newsletters to make sure you check that out.

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<v Speaker 1>It's one hundred percent free, but I have some charts

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<v Speaker 1>and things along those lines in there. So we got

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<v Speaker 1>to be careful here because you know, they could be

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<v Speaker 1>further downside. Obviously, there's a lot of macro factors with

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<v Speaker 1>the economy, oil prices, of the war in Iran. Not

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<v Speaker 1>to mention, the stock market itself is showing a ton

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<v Speaker 1>of weakness. One good sign is that the SMP five

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<v Speaker 1>hundred is touching the over soul zone, so we could

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<v Speaker 1>see a bounce, a relief rally, but not to new highs.

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<v Speaker 1>Then it continues to roll over and if it doesn't

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<v Speaker 1>get a bounce, maybe maybe that helps Bitcoin to continue

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<v Speaker 1>its move higher again not too new highs, and then

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<v Speaker 1>we hope alquins can follow. But right now not looking good,

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<v Speaker 1>and we're gonna have to wait and see how Sunday

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<v Speaker 1>closes and what next week brings us. Okay, folks, we

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<v Speaker 1>have an update on Morgan Stanley's bigcoin ETF and the

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<v Speaker 1>fee they're gonna charge. Well, they are looking to compete

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<v Speaker 1>because they set the fee at zero point one four percent,

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<v Speaker 1>which is the lowest in the market once approved. So

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<v Speaker 1>it hasn't been fully approved yet, but they're looking to

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<v Speaker 1>make a splash here, so certainly going up against the

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<v Speaker 1>competitors like your black Rocks and others. So we've been

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<v Speaker 1>talking about this that Morgan Stanley, you know, a bit

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<v Speaker 1>late to the game, after Blackrock, Fidelity and all the

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<v Speaker 1>other big Wall Street firms took their position, but nevertheless,

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<v Speaker 1>better late than never, and even the naysayers like Vanguard

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<v Speaker 1>and others are jumping in. Here's what James Seyfert's ETF

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<v Speaker 1>analysts at Bloomberg had to say about the news. He said, Wow,

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<v Speaker 1>we have the fee on Morgan Stanley's spot bigcoin etf

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<v Speaker 1>MSBT will charge just zero point one four percent. Big

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<v Speaker 1>move here. They are not messing around. Likely to launch

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<v Speaker 1>in early April. So I'm very curious as to what

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<v Speaker 1>the inflows are going to look like because Morgan Stanley

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<v Speaker 1>does have a lot of clientele, a lot of capital

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<v Speaker 1>that it can certainly push into that et app So

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<v Speaker 1>we shall see. But the fact that they're lowering the

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<v Speaker 1>fee is a very very good sign competition is heating up,

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<v Speaker 1>and that's very good for the market. Now, interesting news

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<v Speaker 1>here from Ripple They are rolling out an AI driven

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<v Speaker 1>security upgrade to the XRP Ledger. This includes AI assisted

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<v Speaker 1>testing and dedicated red team to catch vulnerabilities before they

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<v Speaker 1>hit production. So I think every major blockchain is going

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<v Speaker 1>to do this right. They have to leverage AI in

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<v Speaker 1>different ways. And here's what Jay Otto Akinley from seeing

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<v Speaker 1>his name right, who's head of engineering at Ripple X.

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<v Speaker 1>He said, we're taking a more proactive AI driven approach

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<v Speaker 1>to strengthening XRPL security. That includes AI assisted testing across

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<v Speaker 1>the development life cycle, a dedicated red team, and higher

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<v Speaker 1>standards for how changes are evaluated before they go live.

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<v Speaker 1>As the XRP ledger scales to support global payments, tokenized assets,

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<v Speaker 1>and institutional use cases, our goal is to continuously strengthen

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<v Speaker 1>its reliability. The reality is the work of building secure,

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<v Speaker 1>reliable financial infrastructure is never done. So great to see

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<v Speaker 1>that these updates are being done across different chains and

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<v Speaker 1>obviously here on the XRP Ledger. This is all good. Okay, folks.

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<v Speaker 1>This episode is brought to you by Treasure, which makes

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<v Speaker 1>the private key, So checkout treasure link would be in

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<v Speaker 1>the description. Okay, Anchorage Digital ads Tron custody opens US

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<v Speaker 1>institutional access to the TRX trading so grx is of

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<v Speaker 1>course the native token of the Tron blockchain. This is

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<v Speaker 1>of course a project that was spearheaded by Justin Sun

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<v Speaker 1>with a lot of controversy, but I think Justin Sun

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<v Speaker 1>being relieved from any type of investigation allows the token

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<v Speaker 1>and this project to now be adopted by different folks

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<v Speaker 1>across the globe. So Anchorage Digital, a US regulated crypto bank,

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<v Speaker 1>will add support for the Tron blockchain, starting with institutional

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<v Speaker 1>custody for TRX, the network's native token. The integration provides

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<v Speaker 1>institutions with a compliant way to hold TRX and will

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<v Speaker 1>be expanded to include TRC twenty assets and native trx.

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<v Speaker 1>Taking the move brings Tron, a major network for stable

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<v Speaker 1>con transactions, into Anchorage's institutional framework, offering a bridge between

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<v Speaker 1>traditional financial institutions and the crypto ecosystem. So great to

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<v Speaker 1>see additional crypto assets being added for support for institutional investors.

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<v Speaker 1>So this is really great. Now look at this, folks.

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<v Speaker 1>The New York Stock Exchange owner, which is the Intercontinental

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<v Speaker 1>Exchange doubles down on Polymarket with a fresh six hundred

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<v Speaker 1>million dollar investment. Now we know the New York Stock

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<v Speaker 1>Exchange itself is going all in on crypto and tokenization,

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<v Speaker 1>but they're looking to invest in platforms like prediction markets,

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<v Speaker 1>which are blockchain based. So it's amazing what's happening to

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<v Speaker 1>see these trad five folks of this caliber, you know,

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<v Speaker 1>investing in crypto companies. It's amazing. It's amazing. And their

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<v Speaker 1>total commitment to polymarket is about two billion dollars. Yeah,

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<v Speaker 1>that is wild, but this is the future. They recognize

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<v Speaker 1>what's happening and it's gonna take It would take very

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<v Speaker 1>long time for them to go to build something like this,

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<v Speaker 1>so they can easily acquire these companies or you know,

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<v Speaker 1>bring them into their fold, so to speak. And uh,

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<v Speaker 1>I think we're going to see more and more of this,

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<v Speaker 1>especially as the Claritiac gets passed and we have the

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<v Speaker 1>clear rules of the roads. A lot more capital is

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<v Speaker 1>going to come in investing in companies, buying the tokens

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<v Speaker 1>and much more. But not everyone is happy. You got

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<v Speaker 1>some Democrats who are pushing back against the Kansas Fed

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<v Speaker 1>over their approval of Kraken's master account, so you can.

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<v Speaker 1>Elizabeth Warren and here specifically, Maxine Waters, the ranking Democrat

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<v Speaker 1>of the House Financial Services Committee, is demanding answers from

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<v Speaker 1>the Federal Reserve Bank of Kansas over the approval of

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<v Speaker 1>Kraken's Financials Limited Purpose Master account. Now we know Maxine

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<v Speaker 1>Waters and Elizabeth Warren two grandmas. They don't care about

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<v Speaker 1>why it was done. No, they're getting their marching orders

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<v Speaker 1>from the likes of the Jamie Diamonds of the world,

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<v Speaker 1>right the bank series who are getting disrupted. You know,

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<v Speaker 1>Jamie Diamond doesn't like this. He doesn't like that these

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<v Speaker 1>folks can have their own stable coins. He doesn't like

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<v Speaker 1>that they can get fed master accounts. He doesn't want that. Right,

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<v Speaker 1>he's the incumbent and he's trying. He's been fighting for years,

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<v Speaker 1>and we know at one point he was trashing bitcoin

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<v Speaker 1>and crypto forever. Now he's capitulated, right, his bank is

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<v Speaker 1>offering cryptos services and much more. But that's not going

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<v Speaker 1>to stop him and his buddies from lobbying the hell

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<v Speaker 1>out of these top democrats like Maxine Waters and Elizabeth Warren.

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<v Speaker 1>So this is why we need to get the Clarity

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<v Speaker 1>Act pass. These people are not gonna stop. I mean,

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<v Speaker 1>just the other day you saw Elizabeth Warren Is sending

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<v Speaker 1>a letter to mister b saying, mister Bees, Jimmy Donaldson

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<v Speaker 1>told us about your acquisition of Step and what you're

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<v Speaker 1>gonna do with Crypto, with gen z Ers and much

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<v Speaker 1>more like, really, let the regulators have that. Why do

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<v Speaker 1>you need to send a letter to mister Bees. But again, guys,

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<v Speaker 1>I hope you see for what it is. It's just

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<v Speaker 1>a lot of bullshit. Right. They are simply getting the

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<v Speaker 1>big fat checks in the mail from the banks, and

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<v Speaker 1>they're going around trying to shake down people. Give them

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<v Speaker 1>a hard time, slow them down, roll block them, right

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<v Speaker 1>because you can imagine again just like you know, Jamie Diamond,

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<v Speaker 1>and these guys don't like crypto companies getting banking licenses

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<v Speaker 1>and master accounts. They don't want anybody with a huge

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<v Speaker 1>following being able to set up the abilit to move money. Right,

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<v Speaker 1>this is how it works there, incumbents who have been

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<v Speaker 1>doing campaign donations for a long time, you know, calling

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<v Speaker 1>up pulling those strings, right, Hey, Elizabeth Warreon, Hey Maxine Waters,

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<v Speaker 1>go stop these guys, right, we don't like what they're doing. Again,

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<v Speaker 1>not that these folks broke the law. They did anything bad,

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<v Speaker 1>just disruption, right, So that's why you have these grandma's right.

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<v Speaker 1>We're out there attacking these companies. It's pretty crazy. Final

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<v Speaker 1>news item here we have details on who the auditor

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<v Speaker 1>will be for Tether's usdt SO. KPMG, one of the

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<v Speaker 1>top four accounting firms, has been highlighted as the auditor,

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<v Speaker 1>and I actually just interviewed someone from KPNG. That interview

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<v Speaker 1>should be published over the next couple of weeks. They're

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<v Speaker 1>doing a lot with crypto and blockchain, and it's incredible

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<v Speaker 1>to see these firms which existed way before crypto are

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<v Speaker 1>now adopting the technology in different ways and great to

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<v Speaker 1>see Tether is going through the respective processes here to

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<v Speaker 1>meet the requirements of things like the Genius Act and

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<v Speaker 1>much more and further legitimizing the work they've been doing.

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<v Speaker 1>There is a lot of fund out there. I've been

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<v Speaker 1>on record how I feel about it. I have no

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<v Speaker 1>dog in a fight. I'm just about facts I've said

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<v Speaker 1>in the early days of Tethers set up. You know,

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<v Speaker 1>I even interviewed people from who are creators or founders

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<v Speaker 1>of Tether, and I asked them about this and they're like, yeah, look,

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<v Speaker 1>I don't think the ship was right in the early

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<v Speaker 1>days that things were not buttoned up, but to say

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<v Speaker 1>that's the case now is just asinine. Right, Teather has

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<v Speaker 1>been doing antessations. They got Canter Fitzgerald backing them, you know, saying, hey,

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<v Speaker 1>they've got the reserves. Now they're going to bring in

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<v Speaker 1>a top four accounting firm. But you're gonna still see

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<v Speaker 1>people who are fludsteries, who are either getting paid or

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<v Speaker 1>there's something behind the scenes, right you want to bring

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<v Speaker 1>down Tether, you know, regarding their bias or whatever it

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<v Speaker 1>may be. But this is really great and looking forward

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<v Speaker 1>to seeing the audit that's put together here, folks, that's

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<v Speaker 1>the news. Let me know what you think. Leave your

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<v Speaker 1>thoughts and comments below hit the thumbs a button. Be

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

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<v Speaker 1>free email newsletter. Like I said earlier, I put out

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<v Speaker 1>a write up today again, it's one hundred percent free,

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<v Speaker 1>in the description. Be sure to grab a copy of

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<v Speaker 1>and prepare for the next bullmarket. So it covers every

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<v Speaker 1>Go to Mycrypto course dot com. Folks, thank you so

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<v Speaker 1>much for tuning in. I appreciate you all and I'll

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<v Speaker 1>talk to you all later.
