WEBVTT

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<v Speaker 1>Get ready. Multiple Senators are saying the stable Coin Bill,

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<v Speaker 1>the Genius Act, will be pasted next week. This is

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<v Speaker 1>a huge update. I'll give you all the details and

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<v Speaker 1>you won't believe what the Bank of International Settlements and

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<v Speaker 1>Central banks are doing with smart contracts and tokenization. It's

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<v Speaker 1>very bullish. I'll give you all the details. Let's get

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

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

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<v Speaker 1>Tony Edward. On your way in. Please sit that subscribe

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

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

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

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<v Speaker 1>rating and review. Folks. It was a big day for

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<v Speaker 1>Mike Novograts and Galaxy Digital. They went live public on

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<v Speaker 1>the NASDAC. This is another historical moment. We are seeing

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<v Speaker 1>more and more crypto companies going public, whether that's through

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<v Speaker 1>IPOs or SPACs or different types of methods to get listed,

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<v Speaker 1>but incredible stuff here. Now. They have been public in Canada,

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<v Speaker 1>where they were listed on the Toronto Stock Exchange, but

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<v Speaker 1>now they're here in the United States, and of course

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<v Speaker 1>because the United States is much more favorable to crypto.

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<v Speaker 1>Everyone is feeling free to do these things and expand

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<v Speaker 1>their businesses and operate as business as usual versus how

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<v Speaker 1>it was under Genser and Elizabeth Warner and Biden for

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<v Speaker 1>the past four years. So big win here, folks. Signs

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<v Speaker 1>of the times and how bullish things are getting for

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<v Speaker 1>this industry now. Senator Bill Haggerty came out today and

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<v Speaker 1>not only him, Senator Kirsten Gillibrand they both came out

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<v Speaker 1>saying they're ready to pass the Genius Act next week.

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<v Speaker 1>That's a stable cooin legislation. Here's what Senator Bill Haggerty

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<v Speaker 1>had to say. Next week, the Senate will make history

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<v Speaker 1>when we passed the Genius Act that establishes the first

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<v Speaker 1>ever pro growth regulatory framework for payment stable coins. This

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<v Speaker 1>bill will cement the US dollar dominance, protect customers, increased

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<v Speaker 1>demand for US treasuries, and ensure that innovation in the

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<v Speaker 1>digital asset space is in the hands of the United

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<v Speaker 1>States of America, not our adversaries. Folks, This would be

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<v Speaker 1>incredibly bullish if they are able to get this through

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<v Speaker 1>next week. There have been some hurdles with Democrats, but

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<v Speaker 1>the good thing is if you know your politics. Senator

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<v Speaker 1>Kirsten Gillibrand is a Democrat and Bill Haggerty is a Republican.

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<v Speaker 1>We have bipartisan support, and to have Jillibrand leading on

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<v Speaker 1>the Democrat front is very bullish so she can rally

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<v Speaker 1>some of the other Democrats to get this through. Incredible

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<v Speaker 1>stuff here, folks. I'm very excited for next week to

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<v Speaker 1>see how this plays out and to have both Democrats

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<v Speaker 1>and Republicans working together to get this through. Here's what

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<v Speaker 1>bo Hines had to say. Many of you may have

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<v Speaker 1>caught my interview with bo Hines from not too long ago.

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<v Speaker 1>He said, the Genius Act is about securing the future

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<v Speaker 1>of American finance. Stable coins, strengthen US dollar dominance, modernize

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<v Speaker 1>our outdated payment rails, and give Americans faster, cheaper, and

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<v Speaker 1>more transparent ways to move money. Digital asset technology is

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<v Speaker 1>the next generation of finance. The United States is ready

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<v Speaker 1>to lead it, and Cody Carbone, CEO of the Digital Chambers, said,

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<v Speaker 1>we're on the precipice of passing the Genius Act, one

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<v Speaker 1>step closer to securing US dollar dominance into digital age.

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<v Speaker 1>A lot of work to be done, but the monumental

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<v Speaker 1>leadership from bo and others to get this close should

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<v Speaker 1>not be unnoticed. We cannot waste this opportunity, so obviously

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<v Speaker 1>referencing Bahines and David Sachs and their work they've been

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<v Speaker 1>doing and helping to push Congress through, and the industry

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<v Speaker 1>has also been weighing in. So the stage is being

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<v Speaker 1>set here for next week to be a historic week

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<v Speaker 1>with stable coin legislation pass. And I think the market

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<v Speaker 1>could rally off of this. We'll see, you know, it

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<v Speaker 1>just depends on the charts and what is happening in

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<v Speaker 1>the macro. Of course, But as I've been saying, we

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<v Speaker 1>are in a bull market, so good news can help

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<v Speaker 1>move the price. It doesn't always help move the price,

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<v Speaker 1>because you know, you have to look at the technicals

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<v Speaker 1>and the sentiment much more. But if everything aligns here,

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<v Speaker 1>this could be really great now, folks. Quick word from

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<v Speaker 1>our sponsor, and that is Proppy. Propy is leading to

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<v Speaker 1>charge with putting real estate on chain. Folks. You can

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<v Speaker 1>buy and sell real estate on Propy, and you can

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<v Speaker 1>do it with cryptocurrencies, and of course their platform is

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<v Speaker 1>powered by blockchain. They've been putting titles and deeds on

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<v Speaker 1>the blockchain. They've created NFTs for properties. So propably is

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<v Speaker 1>a licensed Web three pioneer. They've been around since twenty

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<v Speaker 1>seventeen and they have facilitated over four billion dollars in

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<v Speaker 1>transactions and for the scro service, they use Coinbase so

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<v Speaker 1>the buying and selling of properties. And I'm a Propy

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<v Speaker 1>token holder I have been since twenty eighteen. When I

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<v Speaker 1>saw this project and company, I was like, wait a minute,

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<v Speaker 1>if we're headed to the future that I think we

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<v Speaker 1>are with everything on the blockchain, I don't see anyone

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<v Speaker 1>else disrupting the real estate industry and Propy we was,

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<v Speaker 1>so I grabbed up a whole bunch of the tokens.

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<v Speaker 1>So I'm bullish on this project. And I've interviewed the

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<v Speaker 1>CEO and many folks from this company, and they're doing

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<v Speaker 1>some great stuff. And you can get some free property

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<v Speaker 1>tokens by participating in a campaign they have where you

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<v Speaker 1>can share their video, sign up, and much more. It's

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<v Speaker 1>a great way to get some free tokens. So if

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<v Speaker 1>you'd like to learn more, visit the links in the description. Now, folks,

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<v Speaker 1>look at this news. The Federal Reserve Bank of New

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<v Speaker 1>York and the Bank of International Settlements are testing smart

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<v Speaker 1>contracts to explore tokenized monetary policy. Of course they are.

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<v Speaker 1>If we are creating a world with stable coins and

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<v Speaker 1>tokenized treasuries and bonds and funds and all these things,

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<v Speaker 1>and everything will be running on the blockchain. It's what

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<v Speaker 1>I've been telling you guys, government's economies, markets will be

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<v Speaker 1>running in the blockchain. What do the central banks have

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<v Speaker 1>to do? They have to be able to plug into

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<v Speaker 1>the blockchains, have interoperability, be able to monitor all of this. Right,

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<v Speaker 1>common sense will tell you that. So we're seeing the

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<v Speaker 1>start of this, and let me give you some more

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<v Speaker 1>details here. So central banks are experimenting with smart con

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<v Speaker 1>to implement monetary policy and tokenized environments, signaling a growing

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<v Speaker 1>interest in integrating blockchain technology into traditional finance. According to

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<v Speaker 1>a joint research study by the Federal Reserve Bank of

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<v Speaker 1>New York's Innovation Center and the Bank for International Settlements

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<v Speaker 1>BIS Innovation Hubs Swiss Center, smart contracts could offer central

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<v Speaker 1>banks flexible, rapid response tools in a tokenized financial system.

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<v Speaker 1>The study, dub Project pying, tested a prototype generic customizable

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<v Speaker 1>monetary policy tokenized toolkit for further research by central banks.

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<v Speaker 1>According to a BIS report published May fifteenth, the smart

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<v Speaker 1>contract toolkit was fast and flexible. The BIS wrote in

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<v Speaker 1>hypothetical scenarios, the Central Bank was able to add and

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<v Speaker 1>change tools instantly. My goodness, Uh, this is incredible. Folks.

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<v Speaker 1>Wake up if you are still on the fence, because

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<v Speaker 1>the private sector and the public sector are moving in tandem,

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<v Speaker 1>and they're both headed towards the same direction, and that

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<v Speaker 1>is crypto and blockchain. And as I've been saying for years,

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<v Speaker 1>blockchain is the next layer on top of the Internet.

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<v Speaker 1>It will change the way we transact and do business

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<v Speaker 1>and how we trust each other. And with all the

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<v Speaker 1>assets on the blockchain via tokenization, once again that central

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<v Speaker 1>banks are going to have to plug into all of

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<v Speaker 1>this and be able to operate it in this environment

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<v Speaker 1>and understand what's happening. So this is so bullish. I

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<v Speaker 1>know it seems like boring new Central Bank BIS blah blah,

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<v Speaker 1>But they wouldn't be doing this if the future wasn't

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<v Speaker 1>what we're talking about here. And again, there's a lot

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<v Speaker 1>of people out there saying this is a scam, a

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<v Speaker 1>ponzi blah blah. Blockchain is crab, it doesn't work. Yet

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<v Speaker 1>the biggest institutions in the world are participating and even

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<v Speaker 1>the governments and their central banks. Folks, count yourself lucky

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<v Speaker 1>if you are here, you understand what the hell is happening,

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<v Speaker 1>and you're taking your bets so to report. Emphasis is

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<v Speaker 1>that if tokenization becomes widely adopted for money and security,

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<v Speaker 1>smart contracts could play a central role in how monetary

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<v Speaker 1>policy is executed. Incredible stuff here, guys, Incredible stuff. All right,

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<v Speaker 1>moving ahead, we got an update with World Liberty Financial

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<v Speaker 1>stable coin. It's now available on multiple networks via chain

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<v Speaker 1>link on Bullish on chain link. Many of you know

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<v Speaker 1>I hold that in my portfolio. So World Liberty financials

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<v Speaker 1>USD one stable coin is now operable across multiple blockchains

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<v Speaker 1>through chain links. CCIP USD one, a US dollar back

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<v Speaker 1>stable coin has seen its adoption grow in reach two

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<v Speaker 1>billion dollars in market capitalization. The CCIP integration addresses crosschain

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<v Speaker 1>security vulnerabilities which have historically costs users billions the firm set.

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<v Speaker 1>So even Trump's crypto businesses are expanding and building and

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<v Speaker 1>using multiple blockchains because interoperability is so important. It's going

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<v Speaker 1>to be a multichain world. And mostly his kids are

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<v Speaker 1>running these businesses, like Eric Trump and Donald Trump Junior,

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<v Speaker 1>and in fact Donald Trump Junior spoke a Consensus saying

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<v Speaker 1>the banks made the biggest mistake of their lives. So

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<v Speaker 1>he's talking about how they fought crypto. He said, there's

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<v Speaker 1>a famous saying that sometimes the enemy of your enemy

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<v Speaker 1>is actually your best friend. Eric Trump told the crowd

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<v Speaker 1>at Consensus in Toronto, Canada, that was the Trumps with

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<v Speaker 1>the crypto community. And I think the banks made the

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<v Speaker 1>biggest mistake of their lives. So we know the banking incumbents,

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<v Speaker 1>as I've been saying for a long time, are the

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<v Speaker 1>ones who weaponize Elizabeth Warren and Gary Genser because how

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<v Speaker 1>dare you move money outside of them? Right? You think

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<v Speaker 1>about JP Morgan, the world's largest bank, and they're plugged

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<v Speaker 1>into the FED, and they've been running the show for

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<v Speaker 1>a long time, making tons of money, both on payments

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<v Speaker 1>as well as investments, right because they have their investment

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<v Speaker 1>arm But how dare you go outside of them and

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<v Speaker 1>go buy tokens on a blockchain? And years ago they

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<v Speaker 1>couldn't touch it, right, They couldn't custody it, they couldn't

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<v Speaker 1>trade it, they couldn't touch it. So you can imagine

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<v Speaker 1>why Jamie Diamond and all these folks were out there

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<v Speaker 1>talking negatively about bitcoin and crypto. It's crap. You'll lose

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<v Speaker 1>all your money. It's a scam. Yet they've been trying

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<v Speaker 1>to build their own version behind the scenes, jpm Coincorum.

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<v Speaker 1>Just this week, I told you folks about JP Morgan

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<v Speaker 1>building on Ondo because they realized public blockchains are the

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<v Speaker 1>way to go. No one wants to use the Wall

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<v Speaker 1>Garden private blockchain. Why would I trust JP Morgan's or

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<v Speaker 1>Bank of Americas or whoever's private blockchain when you can

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<v Speaker 1>manipulate it. But on a public, decentralized blockchain, it's fair game.

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<v Speaker 1>It's open and different. Folks can plug it in and

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<v Speaker 1>build and we can transact safely because it's a public

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<v Speaker 1>blockchain that's decentralized. So that was the game. That's why

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<v Speaker 1>Genser was fighting back and all that he was lobbied.

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<v Speaker 1>Elizabeth Warne was lobbied. You saw Jamie Diamond and Elizabeth

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<v Speaker 1>Warren in a hearing, both ganged up to get other

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<v Speaker 1>against crypto. Right, they came out seeing all kinds of

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<v Speaker 1>negative stuff, and yet look at what JP Morgan is doing.

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<v Speaker 1>So this is what was going on. And then Operation

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<v Speaker 1>Choke point two point zero. They try to Dbank, the

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<v Speaker 1>crypto industry and much more so. It's it's incredible. But

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<v Speaker 1>you know, I've said it years for years now, disruptive

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<v Speaker 1>technology always wins. You know, there's a saying, first they

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<v Speaker 1>ignore you, then they laugh at you, then they fight you,

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<v Speaker 1>then you win, and folks, we are in the then

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<v Speaker 1>you win phase. Look at this. Brian Armstrong, Coinbase CEO,

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<v Speaker 1>tweeted out the following that crypto lending markets are moving

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<v Speaker 1>on chain. Over two hundred million dollars borrowed on coinbase

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<v Speaker 1>retail loans. This was one hundred million dollars two weeks ago.

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<v Speaker 1>So we are seeing borrowing and lending on the rise again.

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<v Speaker 1>This is very good for the market. Now we've got

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<v Speaker 1>to make sure it's done right because we saw what

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<v Speaker 1>happened in the last bull market when it wasn't done

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<v Speaker 1>right and there was a lot of lies, you know,

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<v Speaker 1>three hours Capital selsia FTX of course, and there's some

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<v Speaker 1>other folks block five as well. Right, So I think

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<v Speaker 1>the industry has matured. All the proper safeguards are there,

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<v Speaker 1>but you also have to do your research. You know,

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<v Speaker 1>if you're doing any type of barring lending, understand the

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<v Speaker 1>network it's being done on which exchange. I think coin

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<v Speaker 1>Base is very reputable. Of course, they are public companies

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<v Speaker 1>so they are held to a higher standard. So just

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<v Speaker 1>be careful, do your research, cross your t's, dot your

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<v Speaker 1>eyes and double check everything. But if this is done right,

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<v Speaker 1>it will open up the world of opportunity where if

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<v Speaker 1>you're holding out to your crypto, you put it in

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<v Speaker 1>a smart contract, you lend it out and you earn

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<v Speaker 1>some yield. And obviously there's terms to that. You know,

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<v Speaker 1>if it's a six month term, year, well whatever, then

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<v Speaker 1>you get it back. That will be amazing for the

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<v Speaker 1>crypto industry. And it would also allow us to bridge

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<v Speaker 1>easily to real world transactions like mortgages and you know,

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<v Speaker 1>loans and all kinds of stuff would transfer much more.

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<v Speaker 1>So this is really good to see, folks. That's the news.

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<v Speaker 1>Let me know what you think. Leave your thoughts and

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<v Speaker 1>percent free. Link of being a description. Check out my

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<v Speaker 1>book on Amazon it's available in paperback and digital, and

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<v Speaker 1>my course at Mycryptocurse dot com Thank you for watching

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

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<v Speaker 1>you all later