WEBVTT

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<v Speaker 1>Hey, folks, 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 the thumbs up button and leave a common blow.

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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 review. Folks,

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<v Speaker 1>Jim Kramer is a menace. On Monday, the man tweeted

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<v Speaker 1>out by crypto right, that was his first tweet early

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<v Speaker 1>on Monday morning. And then today he goes on CNBC.

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<v Speaker 1>He gets interviewed by Andrew Sorkin and the others, and

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<v Speaker 1>it's unbelievable. You usually don't see Jim Kramer in this setting,

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<v Speaker 1>but of course he talks crypto. He says, I say,

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<v Speaker 1>crypto is fine. I'm using it as insurance, and it's

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<v Speaker 1>insurance against the thirty seven trillion dollar that we owe.

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<v Speaker 1>I mean, this man is trying to crash the market.

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<v Speaker 1>Right in verse Kramer, let me play the clip for you.

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<v Speaker 2>What about all the folks, especially the younger people, say

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<v Speaker 2>that the future is crypto? How do I say Crypto's fine?

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<v Speaker 2>How do how do you value that? How do you

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<v Speaker 2>what is the sort of process with which you would

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<v Speaker 2>use Well, I'm using it as insurance, and it's an

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<v Speaker 2>insurance against the thirty seven trillion that we of course,

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<v Speaker 2>we do have a government shutdown, but at least it's

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<v Speaker 2>not connected to a deadline involving you know, refinancing for

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<v Speaker 2>the government, which is really good as the government shutdown

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<v Speaker 2>is not done at the same time as a possible

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<v Speaker 2>cataclysm of not paying our bills.

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<v Speaker 1>But I don't know.

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<v Speaker 2>I think that crypto is I'm not valuing as fun.

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<v Speaker 2>I'm valued as anti what they the younger people think

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<v Speaker 2>is our country's problems. They may know that one, but

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<v Speaker 2>then again maybe my generation never has to see it,

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<v Speaker 2>and their generation is going to have to live with

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<v Speaker 2>what happens.

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<v Speaker 1>So again in verse Kramer, maybe the additional downside we

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<v Speaker 1>have is because of this man, he's going to send

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<v Speaker 1>us down lower and then we find our boy, and

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<v Speaker 1>then we are going to have a big Q four

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<v Speaker 1>of course, so it's all part of the process. By

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<v Speaker 1>the way, So right now bitcoin trading over one hundred

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<v Speaker 1>and fourteen thousand dollars. But like I said, I don't

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<v Speaker 1>think we're out of the woods yet. I could be wrong,

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<v Speaker 1>but I think there's further downside. Bitcoin could go test

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<v Speaker 1>some lower levels, taking the RSI to the extremely over

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<v Speaker 1>sold zone below thirty. So we'll have to wait and see. Right,

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<v Speaker 1>we don't have a crystal ball, but based on the

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<v Speaker 1>data we can formulate a thesis. But we're still in

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<v Speaker 1>the macro bull market. You know. I've covered that at

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<v Speaker 1>nauseum on my live stream and in yesterday's podcasts and

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<v Speaker 1>in my recent newsletter. So patients is the key here.

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<v Speaker 1>We just got to go through the roller coaster ride.

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<v Speaker 1>All right, let's jump into some news. The SEC is

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<v Speaker 1>considering allowing stocks to trade on chain, with plans to

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<v Speaker 1>launch quickly. This is very bullish. We know. The SEC

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<v Speaker 1>has been meeting with a lot of tran fi institutions,

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<v Speaker 1>and many of these institutions like banks like your, investment

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<v Speaker 1>firms like black Rock, and the stock exchanges like NASDAK.

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<v Speaker 1>They all want to have tokenized stocks and other assets.

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<v Speaker 1>But they're starting with stocks. So the SEC is essentially

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<v Speaker 1>getting the pressure here to move faster than expected. So

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<v Speaker 1>let me give you the details. The SEC is reportedly

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<v Speaker 1>developing a plan to allow blockchain registered versions of stocks

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<v Speaker 1>to trade on cryptocurrency exchanges. A move that would mark

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<v Speaker 1>a significant step toward integrating digital asset technology into the

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<v Speaker 1>traditional financial system. The proposals, still in the early stages,

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<v Speaker 1>would let investors buy and sell stock tokens, digital representations

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<v Speaker 1>of shares in publicly traded companies on approved crypto platforms,

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<v Speaker 1>The Information reported on Tuesday, citing people familiar with the matter,

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<v Speaker 1>The initiative reflects the growing regulatory openness to tokenization, the

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<v Speaker 1>process of creating blockchain based tokens that mirror ownership of

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<v Speaker 1>traditional assets. SEC Chair Paul Atkins recently described tokenization as

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<v Speaker 1>an innovation the agency would seek to advance, not restrict.

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<v Speaker 1>Regulators should be focused on how do we advance innovation

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<v Speaker 1>in the marketplace, he said, noting that tokenized assets would

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<v Speaker 1>improve access to financial markets and reduce costs. So again, folks,

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<v Speaker 1>do you see the direction to puck is heading here?

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<v Speaker 1>The regulators are on board. We know crypto has a

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<v Speaker 1>much more friendlier environment here in the United States, and

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<v Speaker 1>tokenization is a big race in addition to stable coins,

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<v Speaker 1>and many firms looking to launch crypto trading and custody,

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<v Speaker 1>but they want to put assets like gold and stocks

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<v Speaker 1>and much more on the blockchain because it allows it

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<v Speaker 1>to trade twenty four to seven. You can operate with

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<v Speaker 1>it via defive, you can open it up to more

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<v Speaker 1>markets and jurisdictions around the world. So there's a lot

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<v Speaker 1>of benefits here and the race is on now. Speaking

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<v Speaker 1>of stable coins, look at this news. Visa, the credit

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<v Speaker 1>card Giant pilots stable coin payments for businesses sending money abroad.

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<v Speaker 1>So we're seeing massive adoption by these traditional institutions credit

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<v Speaker 1>card companies, payment companies, stock exchanges, banks, and much more

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<v Speaker 1>so global payments Giant and Visa has launched a pilot

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<v Speaker 1>to test stable coins for cross border payments, providing businesses

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<v Speaker 1>with a new way to transfer money abroad more quickly.

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<v Speaker 1>The pilot will allow businesses, including banks and remittance providers,

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<v Speaker 1>to pre fund Visa Direct with stable coins instead of

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<v Speaker 1>fiat currency. Visa treats those stable coins as money in

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<v Speaker 1>the bank or available balances for payouts, enabling businesses to

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<v Speaker 1>send money abroad without locking up large sums of cash

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<v Speaker 1>days in advance. So many of you who don't understand

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<v Speaker 1>the problem of payments that has been going on for

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<v Speaker 1>a long time. Due to the Swift system, you got

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<v Speaker 1>Nostro Vostra accounts You got folks who have to hold

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<v Speaker 1>cash on their balance sheet just to fund these payments.

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<v Speaker 1>They won't have to do that with stable coins, instant settlement,

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<v Speaker 1>real time, cheaper fees. So that's why these payment giants

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<v Speaker 1>are adopting this technology. This is the value proposition, right

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<v Speaker 1>of why they're looking to do this. So a lot

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<v Speaker 1>of people still don't understand you need stable coins. I

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<v Speaker 1>use Venmo, but they don't understand the problem that happens

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<v Speaker 1>behind the movement of money. Here's a quote. We're bringing

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<v Speaker 1>stable coins to Visa Direct, our push payments platform, enabling

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<v Speaker 1>real time money movement to billions of endpoints, a Visa

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<v Speaker 1>spokesperson told the Block. By doing so, we're creating a

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<v Speaker 1>role where payments can be settled in stable coins, unlocking instant,

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<v Speaker 1>global and programmable payments. So they're going to be using

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<v Speaker 1>USDC and well, I should say circles, USDC and the

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<v Speaker 1>EU RC tokens you have both a US dollar and

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<v Speaker 1>a Euro back stable coin. So they're going to expand

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<v Speaker 1>to other stable coins, they said here, but they're starting

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<v Speaker 1>with circles, which makes sense, folks. This episode is brought

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<v Speaker 1>to you by Uphold. Uphold is a great platform I've

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<v Speaker 1>been using since twenty eighteen. They're one of my go

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<v Speaker 1>to exchanges. They have over three hundred plus crypto currencies,

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<v Speaker 1>Bitcoin in all the top all coins. They offer staking

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<v Speaker 1>on twenty plus crypto assets. I've been using Uphold for

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<v Speaker 1>many years. I've never had any issues or problems. And

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<v Speaker 1>best of all, folks, they are fully reserved. They don't

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<v Speaker 1>commingle or lend out your crypto assets. In fact, you

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<v Speaker 1>can review their transparency report on their website. And they

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<v Speaker 1>have a great rewards program called Uphold Rewards where you

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<v Speaker 1>can earn up to five point twenty five percent on

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<v Speaker 1>stable coins. You can also get twenty four hour early

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<v Speaker 1>access to new tokens they list now to stable coins.

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<v Speaker 1>They support our ripples r L, USD you can earn

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<v Speaker 1>up to five percent there and USBC where you can

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<v Speaker 1>earn up to five point two five percent there. And

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<v Speaker 1>to participate, you simply have to open the app once

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<v Speaker 1>per month, deposit fifty dollars once per month, and trade

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<v Speaker 1>fifty dollars once per month, so very simple. Once again,

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<v Speaker 1>this is a platform I use, I can vouch for it.

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<v Speaker 1>So if you'd like to learn more about Uphold, check

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<v Speaker 1>out the link in the description. Now look at this

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<v Speaker 1>USDC issuer, which is Circle partners with Deutsche Borse for

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<v Speaker 1>europe stable coin adoption. So Circle is making some big

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<v Speaker 1>moves here. German securities marketplace Deutsche Borse has partnered with

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<v Speaker 1>USDC stable cooin issuer Circle to collaborate on stable coin

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<v Speaker 1>adopt in Europe. Deutsche Bors Group and Circle Internet Group

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<v Speaker 1>have signed a memorandum of understanding to integrate Circle stable

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<v Speaker 1>coins within Deutsche Burse's financial market infrastructure. According to a

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<v Speaker 1>joint statement on Tuesday, the collaboration targets circles europeg EU

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<v Speaker 1>r C stable coin as well as its dollar peg USDC,

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<v Speaker 1>with an initial focus on listing and trading on three

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<v Speaker 1>sixty t's digital exchange three DX and via Crypto Finance,

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<v Speaker 1>both part of Deutsche Bors. Huge adoption news here. We're

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<v Speaker 1>seeing many traditional firms adopting stable coins, bitcoin and crypto

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<v Speaker 1>trading of course, and this is huge adoption for Circle

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<v Speaker 1>and the USDC stable coin. The announcement comes and made

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<v Speaker 1>reports that European authorities are considering a ban on multiissuer

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<v Speaker 1>stable coins, raising questions about potential impact on companies like

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<v Speaker 1>Circle and Pasos. Now I think they're going to figure

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<v Speaker 1>this out. You know, I don't think European authority is

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<v Speaker 1>going to be that crazy, but hey, you never know.

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<v Speaker 1>But I think the crypto industry is gonna fight a

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<v Speaker 1>lobby and do much more. But this is big, big

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<v Speaker 1>news here, folks. Pretty incredible what we're seeing from an

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<v Speaker 1>adoption standpoint. Now, this news is big. Web three investor

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<v Speaker 1>Animoka Brands equity to be tokenized on Solana in RWA deal. Now,

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<v Speaker 1>you may recall I interviewed the CEO of Animoka Brands Yatsu.

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<v Speaker 1>They're one of the largest investment firms in crypto. They're

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<v Speaker 1>based in Hong Kong, and this is pretty incredible that

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<v Speaker 1>they're tokenizing on Solana. So Real world asse tokenization company

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<v Speaker 1>Republic plans to tokenize equity in major Hong Kong based

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<v Speaker 1>Web three investment company Animoka Brands. According to a Tuesday

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<v Speaker 1>Republic announcement, Animoka Brands equity tokenization on Solana will allow

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<v Speaker 1>more investors to access exposure to the company. Animoka is

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<v Speaker 1>not listed on any public exchange, but has invested in

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<v Speaker 1>more than six hundred Web three prom So once again

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<v Speaker 1>one of the largest investment firms, and they've done a

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<v Speaker 1>lot in gaming and a metaverse and much more so.

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<v Speaker 1>This is pretty interesting. Andrew Dirgy, co CEO at Republic,

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<v Speaker 1>said the initiative sets a president for how companies can

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<v Speaker 1>structured their equity for the future. Solana Foundation President Lily

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<v Speaker 1>lou added that the move showcases what Internet capital markets

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<v Speaker 1>make possible, giving retail investors access to opportunities once reserved

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<v Speaker 1>for private markets. So one of the so clearly they

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<v Speaker 1>highlighted the benefits there of tokenization, opening it up to

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<v Speaker 1>more people and opening up to more markets. But this

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<v Speaker 1>is big that they're doing equity tokenization. I think this

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<v Speaker 1>may be the first of its kind. So very bullish

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<v Speaker 1>news here from a tokenization standpoint, adoption standpoint, but also

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<v Speaker 1>Solana now look at this. Senator Lummis says progress is

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<v Speaker 1>underway on crypto tax rules in the Senate, So, folks,

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<v Speaker 1>I'm hoping we get something good that is bullish and

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<v Speaker 1>it adds more fuel to the fire for the crypto ballmarket. So,

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<v Speaker 1>speaking Tuesday at BTC and DC, Senator Cynthia Lummis said

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<v Speaker 1>that the committee which focuses on taxes is working to

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<v Speaker 1>incorporate ideas she has previously posed. In July, Lummus introduced

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<v Speaker 1>legislation to modernize the tax treatment of digital assets, which

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<v Speaker 1>includes a minimus provision to exclude gains or losses from

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<v Speaker 1>crypto transactions that are under three hundred dollars from being taxed.

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<v Speaker 1>So that would be good. I'm hoping that they raised

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<v Speaker 1>the threshold. In addition, folks, tomorrow there is a hearing.

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<v Speaker 1>But although you know, the government shutdown may cause some

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<v Speaker 1>problems here, but there was a meeting schedule tomorrow. Hearing

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<v Speaker 1>schedule tomorrow. I don't know if it's still going to

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<v Speaker 1>happen right due to the government shutdown stuff, but I'll

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<v Speaker 1>let you guys know, you know, based on what happens tomorrow.

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<v Speaker 1>But let's see. Hopefully they can get this right. And

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<v Speaker 1>again it can add some just more fuel to the

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<v Speaker 1>fire for the bull market, because if it's really good

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<v Speaker 1>and retail likes it, you know, there's going to be

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<v Speaker 1>a huge narrative from the mainstream media and it's going

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<v Speaker 1>to bring in more people in the market. All right,

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<v Speaker 1>moving ahead, folks, we got a big statement here from

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<v Speaker 1>a ripple CTO, David Schwartz. He's stepping down as CTO,

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<v Speaker 1>but he's moving to the board, so he's gonna be

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<v Speaker 1>stepping a bit back from his day to day and

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<v Speaker 1>spend more time with his family. He said he's still

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<v Speaker 1>working on things on the XRP ledger, coding and so forth.

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<v Speaker 1>So he's trying to go back to kind of his

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<v Speaker 1>grassroots or his roots, i should say, and being more

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<v Speaker 1>of a developer and things like that. But he said

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<v Speaker 1>he will still be in and out of Ripples's office

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<v Speaker 1>as this CTO emeritus, and we'll see what he comes

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<v Speaker 1>up with. You know, as far as what he's been

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<v Speaker 1>tinkering with on the XRP ledger, he says to stay

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<v Speaker 1>tuned on that. But just FYI, he's stepping back. Now

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<v Speaker 1>you're going to see a lot of people spread fud.

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<v Speaker 1>Oh my god, it's over for XRP. What's gonna come on?

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<v Speaker 2>Man?

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<v Speaker 1>The company is huge now. They have more developers, more people.

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<v Speaker 1>It's not twenty fifteen anymore. Right, So he's done a

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<v Speaker 1>lot of work. There's been a lot of developments and

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<v Speaker 1>advancements with the XRP ledger. You see a lot of

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<v Speaker 1>tokenization happening now. I've been sharing that with you guys.

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<v Speaker 1>Now that the SEC case is over, adoption has exploded,

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<v Speaker 1>so things are in a much better place now and

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<v Speaker 1>a lot of different updates have been rolled out, so

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<v Speaker 1>he's stepping back. So watch out for the fud people.

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<v Speaker 1>You know, honestly, this I don't even need to report

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<v Speaker 1>this because this is a non starter. But you know

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<v Speaker 1>the fudstage are going to come out. Did you hear

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<v Speaker 1>Ripples CTO stepping down? Oh my god? It is the

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<v Speaker 1>underdo world. XRP is dead, Like really, come on, man, right,

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<v Speaker 1>you're just going to see crazy stuff on the internet, right,

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<v Speaker 1>So guys, we want to be educated, not and be

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<v Speaker 1>involved in dumb conspiracy theories and not be emotional about markets, right,

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<v Speaker 1>So we want to look at everything from a factual standpoint.

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<v Speaker 1>So again, just FYI on this.

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<v Speaker 2>All right?

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<v Speaker 1>Final news item Brian Kintents, who was Trump's nominee for

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<v Speaker 1>the CFDC chair. Unfortunately that nomination has been withdrawn. Brian Contents.

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<v Speaker 1>I interviewed him many times over the years. He's a

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<v Speaker 1>former CFDC commissioner and he was working at a sixteen Z.

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<v Speaker 1>He absolutely understands technology and crypto, but he was getting

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<v Speaker 1>a lot of roebox. The Winklevoss twins were trying to

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<v Speaker 1>block him. Not to mention, I think that the casinos

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<v Speaker 1>were saying he was too connected to Calshi the prediction market,

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<v Speaker 1>he was an advisor, and they were trying to block it.

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<v Speaker 1>So I understand why Trump and his team and the

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<v Speaker 1>administration pull pull the nomination, but he would have been great. However,

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<v Speaker 1>I tweeted out about this, I said, look, Acting Chair

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<v Speaker 1>Caroline fam she's been doing an amazing job. She should

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<v Speaker 1>just become the permanent chair at this point, stay on

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<v Speaker 1>and give her the official title because she's been doing

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<v Speaker 1>an amazing job. You know, they launched the CFTC, launched

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<v Speaker 1>crypto Sprint, she's been meeting with a lot of industry stakeholders,

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<v Speaker 1>Traded five stakeholders, and the CFDC has been giving a

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<v Speaker 1>lot of clarity, especially around prediction markets and much more.

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<v Speaker 2>So.

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<v Speaker 1>Hopefully she can, you know, take that chair job. Hopefully

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<v Speaker 1>she wants it, and the CFTC can continue to run

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<v Speaker 1>under her leadership. So just an FYI, guys, that's the

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<v Speaker 1>update there with the CFTC. Folks. If you appreciated this content,

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

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

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<v Speaker 1>Link will be in the description. Check out my book

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

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<v Speaker 1>course at mycrypto course dot com. This is a comprehensive

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<v Speaker 1>course that teaches you every aspect of crypto folks. All

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

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<v Speaker 1>much for watching and listening. I appreciate you all and

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