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

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

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<v Speaker 1>On your way in. Please set that subscribe button as

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<v Speaker 1>well as the 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 review. Folks,

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<v Speaker 1>make sure you watch and listen to the end. We

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<v Speaker 1>got lots of big news President Trump calling out the banks,

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<v Speaker 1>plus major crypto adoption by institutions such as MasterCard so

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<v Speaker 1>far and much more. Let's get into it. Okay, folks,

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<v Speaker 1>We got to start with President Trump because he issued

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<v Speaker 1>a big statement today rebuking the banks, saying they are

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<v Speaker 1>holding up the Clarity Act, which is a crypto market

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<v Speaker 1>structure legislation because of the stable coin yield situation. We

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<v Speaker 1>know the crypto industry and the banking sector have being

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<v Speaker 1>butting heads over this because the Genius Act allows for

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<v Speaker 1>you and I to be able to go earn stable

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<v Speaker 1>coin yield and rewards on different platforms such as uphole,

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<v Speaker 1>coin base and others. The banks don't like that. We've

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<v Speaker 1>talked about this ad nauseum. They want to keep their

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<v Speaker 1>big fat bonus checks. They don't want to give you anything.

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<v Speaker 1>They want to give you zero point zero one percent,

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<v Speaker 1>right next to nothing while they get the big bonuses.

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<v Speaker 1>But a new day is here. So let me share

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<v Speaker 1>the statement of what President Trump shared on truth Social

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<v Speaker 1>He says, the Genius Act is being threatened and undermined

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<v Speaker 1>by the banks, and that is unacceptable. We are not

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<v Speaker 1>going to allow it. The US needs to get market

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<v Speaker 1>structure done asap. Americans should earn more money on their money.

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<v Speaker 1>The banks are hitting record profits and we are not

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<v Speaker 1>going to allow them to undermine our powerful crypto agenda.

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<v Speaker 1>That will end up going to China and other countries

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<v Speaker 1>if we don't get the Clarity Act taken care of.

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<v Speaker 1>The Genius Act was the USA's first big step to

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<v Speaker 1>make the United States the crypto capital of the world,

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<v Speaker 1>and getting the Claritiact done is the next step to

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<v Speaker 1>finish the job and most importantly, keep this big and

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<v Speaker 1>powerful industry in our country. The banks should not be

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<v Speaker 1>trying to undercut the Genius Act or hold a Clarity

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<v Speaker 1>Act hostage. They need to make a good deal with

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<v Speaker 1>the crypto industry because that's what's in the best interest

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<v Speaker 1>of the American people. This industry cannot be taken from

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<v Speaker 1>the people of America when it is so close to

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<v Speaker 1>becoming truly successful. Thank you for your attention on this

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<v Speaker 1>matter of President Donald J. Trump. So this is incredible, guys,

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<v Speaker 1>because this is coming from the top. Now. The President

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<v Speaker 1>is literally calling out banks, saying, you are holding up

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<v Speaker 1>the crypto Market Structure bill because you're disputing the stable

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<v Speaker 1>coin yield situation with the Genius Act. We know the

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<v Speaker 1>Genius Act is law, and the banks, I guess they

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<v Speaker 1>got caught flat footed and they feel threatened. But again,

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<v Speaker 1>it's about the bonuses, right. We don't want to give

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<v Speaker 1>up our profits. We don't want to give up our

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<v Speaker 1>bonus checks that we get at the end of the year.

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<v Speaker 1>So it looks like David Sachs and Patrick Witt escalated

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<v Speaker 1>the situation, right. They took it to the higher level here.

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<v Speaker 1>And this is pretty incredible and also very bullish. The

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<v Speaker 1>President of the United States calling out the banks and

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<v Speaker 1>saying we need to get the market structure done. So

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<v Speaker 1>this should put a lot of pressure. It's huge optics

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<v Speaker 1>here against the banking industry. So I think we're going

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<v Speaker 1>to have some sort of agreement soon because Trump has

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<v Speaker 1>threatened certain things in the pass against credit card companies

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<v Speaker 1>as well as banks and much more so. I think

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<v Speaker 1>the fact that he's putting this out there is a

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<v Speaker 1>very good sign and pretty incredible. I did not expect

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<v Speaker 1>to see this, but they definitely want to get the

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<v Speaker 1>market structure built through guys, and as we've been talking about,

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<v Speaker 1>that's going to allow lots of capital to come into

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<v Speaker 1>the industry and we're going to see more adoption in building.

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<v Speaker 1>So incredible statements here by the President. Now a lot

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<v Speaker 1>of folks weigh in on this, and here Ripples CEO

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<v Speaker 1>Brad Garlinghouse said, an extremely pointed message from the President

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<v Speaker 1>of the United States. So those who are dragging their

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<v Speaker 1>feet on Clarity, this is and always has been about

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<v Speaker 1>what's in the best interest of the American people. CFDC

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<v Speaker 1>Chair of Mike Selegg says, the President of the United

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<v Speaker 1>States is right. The Clarity Act must pass. It's critical

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<v Speaker 1>we have a future proof digital asset market structure in place.

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<v Speaker 1>The CFTC is eager to implement the Act. Under this

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<v Speaker 1>historic administration, President Trump is unleashing a goal in age

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<v Speaker 1>in America, and this legislation is a key part of

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<v Speaker 1>securing the US as the global leader in innovation. The

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<v Speaker 1>time to act is now now. Ron Hammond, who has

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<v Speaker 1>been a very frequent guest on this podcast. He now

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<v Speaker 1>is working at Wintermute, said, the closer we get to

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<v Speaker 1>the election, the odds of the Clarity passage gets lower.

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<v Speaker 1>Banks know this stall long enough till election politics takes over.

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<v Speaker 1>It's a classic lobbying tactic. But Trump is the kind

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<v Speaker 1>of X factor that could force their political calculus to change.

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<v Speaker 1>So the banks, they're smart, they know what they're doing, right.

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<v Speaker 1>They also have been building a war chest getting ready

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<v Speaker 1>for the midterms, and they want to control crypto. They

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<v Speaker 1>don't want to kill it, they just want to control

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<v Speaker 1>all of it, just like they control the other assets

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<v Speaker 1>in the trad fire world. That's what they're trying to do.

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<v Speaker 1>So Ron called it out pretty well here that this

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<v Speaker 1>is a tactic you're using to stall. Right. He'd come

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<v Speaker 1>back and say, oh, the crypto industry is not letting

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<v Speaker 1>us do these things, and blah blah blah. And just

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<v Speaker 1>yesterday I reported to you guys, JP Morgan CEO Jamie

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<v Speaker 1>Diamond was pretty much you know, saying, oh, we need

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<v Speaker 1>to have a level playing field. You know with crypto

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<v Speaker 1>and all that. Yeah, well, how about you level up

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<v Speaker 1>and launch your own stable coins and offer rewards or

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<v Speaker 1>in your savings accounts up the interest so people don't

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<v Speaker 1>have to go to stable coins for the yield. Right,

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<v Speaker 1>But of course he won't say that. He won't do

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<v Speaker 1>that because it's all about his bonus checks, right, That's

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<v Speaker 1>what this is all about. Okay, moving ahead, CFTC chair

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<v Speaker 1>teases crypto perpetual futures in the next month or so.

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<v Speaker 1>So SEC Chair Paul Atkins and CFTC Chair Mike Sealak

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<v Speaker 1>address market structure, prediction markets, and perpetual futures at a

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<v Speaker 1>Tuesday event. So they both spoke at this event, and

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<v Speaker 1>you know, one of the things that SEC Chair Paul

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<v Speaker 1>Atkins said is that they're looking forward to un chain settlement,

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<v Speaker 1>where we go to T zero, so instant settlement, atomic

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<v Speaker 1>settlement essentially. So in a Tuesday panel hosted by the

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<v Speaker 1>Milken Institute in Washington, D C. Selig said that the

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<v Speaker 1>CFDC was working toward getting true perpetual futures in the

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<v Speaker 1>United States within the next month or so. The prior

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<v Speaker 1>administration drove a lot of these firms and the liquidity offshore,

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<v Speaker 1>said sea Leg Indie panel discussion and sea Leg all

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<v Speaker 1>added that the CFTC was working to provide guidance regarding

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<v Speaker 1>prediction markets in the very near future. He claimed in

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<v Speaker 1>February that the agency had exclusive jurisdiction over regulating platforms

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<v Speaker 1>offering event contracts, pushing back against many state level enforcement

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<v Speaker 1>actions against companies including Calshi and Polymarket. So both the

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<v Speaker 1>CFTC and the SEC are working together here, guys, to

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<v Speaker 1>push crypto for forward, provide the rules, and it's great

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<v Speaker 1>to see the two agencies and lockstep looking to get

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<v Speaker 1>things done here. So this is all very bullish, now, guys,

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<v Speaker 1>we get huge trade five institutional adoption of crypto. So

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<v Speaker 1>today Sofi Bank and MasterCard announced an enhanced partnership to

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<v Speaker 1>enable the Sofi stable coin called sofi USD as a

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<v Speaker 1>settlement option across MasterCards Global Payments Network. Sofi USD as

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<v Speaker 1>a settlement currency across MasterCards network enables issuers and acquirers

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<v Speaker 1>to help millions of businesses to instantly settle twenty four

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<v Speaker 1>to seven. So this right here, guys, is a clear

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<v Speaker 1>example of the use case of blockchain right and we've

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<v Speaker 1>been talking about it for years now right, those of

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<v Speaker 1>you who've been around with me since twenty eighteen or

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<v Speaker 1>late twenty seventeen, you know we've been talking about this

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<v Speaker 1>the token economy, right, and I've been preaching to you guys,

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<v Speaker 1>the capital markets, the future economies and governments will all

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<v Speaker 1>run on bl blockchain rails. That's what's being built here.

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<v Speaker 1>Please don't miss it. And this is where you got

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<v Speaker 1>to look at it from a macro view. Take your

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<v Speaker 1>bets and be patient. Right. So it's incredible and here

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<v Speaker 1>you know, they said as the closing statement to this announcement,

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<v Speaker 1>join us as we build for the next era of finance. Incredible.

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<v Speaker 1>Master Card tweeted out the news, saying more ways to

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<v Speaker 1>move money with the trust and scale businesses expect. Proud

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<v Speaker 1>to partner with SOFI to enable so far us the

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<v Speaker 1>settlement across our network and support always on commerce. Incredible

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<v Speaker 1>news here, folks. Now, this episode is brought to you

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<v Speaker 1>by Treasure. Treasure makes beautiful hardware wallets that make it

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<v Speaker 1>and their hardware wallets are open source. That's how much

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<v Speaker 1>they trust the code they have built. So that code

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<v Speaker 1>is on GitHub you can go look at it and

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<v Speaker 1>you go down the list and they support new tokens

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<v Speaker 1>Don't worry, they don't ask for your private keys. So, guys,

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<v Speaker 1>way to custody your assets where you control the private

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<v Speaker 1>keys right and you can back those keys up accordingly.

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<v Speaker 1>And folks, if you use my code thinking crypto all

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<v Speaker 1>Treasure link will be in the description. Okay, folks, we

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<v Speaker 1>got big news around Ripple. So Ripple expands stable coin

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<v Speaker 1>payments stacked for banks and FinTechs. So we've been hearing

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<v Speaker 1>a lot in the news lately about Ripple and the

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<v Speaker 1>XRP ledger and all the upgrades you're doing, so let

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<v Speaker 1>me give it to details here. Ripple is expanding its

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<v Speaker 1>stable coin payments platform for banks and FinTechs, aiming to

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<v Speaker 1>reduce the need to park money overseas and speed up

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<v Speaker 1>cross border transactions. Ripple Payments, the company's global payments platform

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<v Speaker 1>that connects financial institutions to blockchain based settlement rails, has

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<v Speaker 1>been upgraded to support a broader stable coin workflow, including collection, custody, conversion,

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<v Speaker 1>and payout, the company said on Tuesday. The move positions

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<v Speaker 1>Ripple to compete more directly with legacy payment providers, as

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<v Speaker 1>it is designed to reduce reliance on pre funded accounts

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<v Speaker 1>and traditional correspondent banking networks, which can tie up capital

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<v Speaker 1>and delay cross border Payments, So this will of course

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<v Speaker 1>include Ripple's stable coin r l USD as well as

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<v Speaker 1>use of the XRP ledger. Now will that be in

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<v Speaker 1>every transaction? Of course, not right, because there's different corridors,

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<v Speaker 1>different places in the world where maybe certain technologies will

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<v Speaker 1>not be needed. Right, But of course there will be

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<v Speaker 1>the use of the XRP laguer in different places and

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<v Speaker 1>the rl USD stable coin. So Ripple Payments is live

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<v Speaker 1>in more than sixty markets and has processed over one

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<v Speaker 1>hundred billion dollars in transaction volume to date. The company

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<v Speaker 1>cited Switzerland's Ameta Bank, Brazil's bancogen El, Malaysia's ecib and

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<v Speaker 1>Philippines based alt pay nets as examples of companies participating

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<v Speaker 1>in the network. Huge, huge news here, folks. And now

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<v Speaker 1>speaking of banks, look at this. Bank of Japan expands

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<v Speaker 1>blockchain settlement sandbox and says CBDC efforts are ongoing. So

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<v Speaker 1>again you see the direction the puck is heading in here.

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<v Speaker 1>This is no longer a proof of concept, a trial

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<v Speaker 1>and error. No, they're building right, CBDC stable coins. They're

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<v Speaker 1>leveraging blockchain for tokenization and much more. Guys. So we

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<v Speaker 1>are still in the early days when you look at

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<v Speaker 1>the S curve adoption, because a lot of the infrastructure

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<v Speaker 1>is now getting set up, and you know, obviously we're

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<v Speaker 1>waiting for legislation, which I think will fast track a

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<v Speaker 1>lot of that building. But you know, these folks they

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<v Speaker 1>want to build it, but in order for them to

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<v Speaker 1>push it to full production to the masses, you need

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<v Speaker 1>the legislation in place. So the Bank of Japan has

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<v Speaker 1>launched a blockchain based sandbox project to test settlements using

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<v Speaker 1>central Bank reserves held as current account deposits. The project

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<v Speaker 1>will explore how blockchain systems can connect with existing infrastructure

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<v Speaker 1>for use cases such as domestic interbank securities settlement, which

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<v Speaker 1>analysts say could enable instant, round the clock transactions and

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<v Speaker 1>reduce gridlock risk. That right there, we're seeing stock exchanges

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<v Speaker 1>and banks around the world going twenty four to seven, right,

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<v Speaker 1>that's what they're talking about. Crypto started that, and the

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<v Speaker 1>reason Crypto was able to do that is because of

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<v Speaker 1>blockchain tech. So Governor Kazuo Yueida from saying that right said,

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<v Speaker 1>the boj's Retail Central Bank Digital Currency Pilot remains underway,

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<v Speaker 1>while Japan also participates in Project Agora to test tokenize

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<v Speaker 1>wholesale central bank deposits for more efficient cross border payments.

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<v Speaker 1>So guys, they're building out tokenized deposits, cbdc's stable coins,

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<v Speaker 1>and as mentioned, tokenizing as many of the tradi fi

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<v Speaker 1>assets as possible, stocks, equities, commodities. That's all going on chain.

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<v Speaker 1>So book it. It's a done deal. The process and

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<v Speaker 1>the sausage making, you know, it's gonna maybe take a

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<v Speaker 1>little bit. They're gonna test different blockchains, they're gonna get

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<v Speaker 1>their legislation through, they'll fine tune things. But ten years

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<v Speaker 1>from now it's gonna be very different. I've been telling

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<v Speaker 1>you guys, no more opening and closing bill. That will

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<v Speaker 1>be a thing of the pass. We're gonna see twenty

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<v Speaker 1>four to seven, three sixty five markets, no more nights

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<v Speaker 1>and weekends and holidays, guys, and AI and AI agents

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<v Speaker 1>will be assisting a lot of these markets in trading

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<v Speaker 1>twenty four to seven and all these things. That is

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<v Speaker 1>what's coming. So it's inevitable. So this is where you

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<v Speaker 1>take your bets. Be patient, have the macro view. As mentioned,

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<v Speaker 1>and here's another example, so Swift the payments messaging system.

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<v Speaker 1>You know, many years ago they used to talk trash

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<v Speaker 1>about blockchain. We don't need blockchain. Our system is fine, right,

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<v Speaker 1>But that was them as the incumbents getting disrupted. Remember

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<v Speaker 1>it's a group of banks. It's essentially all the banks, right,

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<v Speaker 1>and they formed this messaging system, but it's outdated, it's old,

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<v Speaker 1>and it's become irrelevant right in the age of the

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<v Speaker 1>Internet and blockchain. Look at this, Swift is saying here

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<v Speaker 1>that their partnering with be and why so they said,

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<v Speaker 1>b and ys among the global institutions collaborating with us

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<v Speaker 1>to help design our blockchain based ledger for cross border

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<v Speaker 1>payments and tokenie value. Through the close collaboration, we're building

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<v Speaker 1>a more connected, secure and interoperable financial system. So they've

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<v Speaker 1>pretty much capitulated, right. They used to talk, like I said,

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<v Speaker 1>trash about blockchain and crypto. Now they're trying to adopt blockchain.

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<v Speaker 1>So guys, I hope you see what's happening. The biggest

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<v Speaker 1>dominoes are falling. Here's another example. Visa and Stripes Bridge

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<v Speaker 1>plan stable coin card expansion to over one hundred countries.

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<v Speaker 1>So again, bank stock exchanges, credit card companies, the biggest

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<v Speaker 1>investment firms in the world all involved in crypto and

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<v Speaker 1>blockchain so global payments giant Visa is expanding its stable

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<v Speaker 1>coin card partnership with Stripe owned Bridge, expanding the rollout

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<v Speaker 1>of stable coin linked Visa cards worldwide and testing on

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<v Speaker 1>chain settlement. Visa and Bridge are expanding their joint card

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<v Speaker 1>program to eighteen countries, which plans to reach more than

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<v Speaker 1>one hundred across Europe, Asia, Pacific, Africa, and the Middle

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<v Speaker 1>East by the end of the year. The expansion follows

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<v Speaker 1>the program's initial launch in April twenty twenty five, which

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<v Speaker 1>first supported markets in Latin America, including Argentina, Columbia, Ecuador, Mexico, Peru,

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<v Speaker 1>and Chile. In addition to the expansion, the companies are

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<v Speaker 1>testing stable coin settlement through Visa's pilot program, enabling users

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<v Speaker 1>and acquirers to settle transactions using stable coins rather than Fiat. Again, guys,

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<v Speaker 1>see where we're headed and it says here. The move

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<v Speaker 1>highlights the ongoing stable coin raised indie payments industry, with

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<v Speaker 1>MasterCard recently enabling stable coin card spending, with MasterCard recently

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<v Speaker 1>enabling stable coin card spending in the US via the

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<v Speaker 1>self custodial crypto wallet Madam mass So that news I

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<v Speaker 1>reported to you guys over the past couple of days.

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<v Speaker 1>So incredible adoption, folks. Just incredible stuff. Now, big news

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<v Speaker 1>around Onto finance. So I'm a ONTO token holder. I'm

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<v Speaker 1>sure many of you are as well. So Onto Finance

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<v Speaker 1>tokenized stocks platform on Binance wins regulatory approval in Abu Dhabi.

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<v Speaker 1>So again, guys, global expansion, mergers, acquisitions, huge investments. Everybody's

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<v Speaker 1>setting up for the token economy. So Abu Dhabi's Global

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<v Speaker 1>Markets Regulator approve Ondo finances token is stocks and et

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<v Speaker 1>apps on Finance's regulated trading venue. This is the first

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<v Speaker 1>time the ADGM approved token is securities trading under its

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<v Speaker 1>regulatory framework, allowing institutions to deal in digital equities. Ondo,

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<v Speaker 1>which structures its products as equity linked notes and has

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<v Speaker 1>processed more than eleven billion dollars in trading volume. It's

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<v Speaker 1>part of a broader push to put traditional equities on blockchains,

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<v Speaker 1>a market now valued at over one billion dollars. Incredible

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<v Speaker 1>stuff here, folks. Okay, final news item. Eric Trump's American

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<v Speaker 1>Bitcoin has purchased eleven two hundred and ninety eight more

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<v Speaker 1>BTC miners to help protect the network and lead the

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<v Speaker 1>future of bitcoin in America. That's a quote from him.

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<v Speaker 1>But I don't care if you don't like Eric Trump

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<v Speaker 1>or Trump at all. This is bullish, guys, because if

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<v Speaker 1>the Trump family is taking all these big bets and

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<v Speaker 1>people are saying crypto is dead, it's pointless. It's use

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<v Speaker 1>as we're seeing the headlines, right. I shared with you

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<v Speaker 1>guys that article from the New York Times just the

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<v Speaker 1>other day where they're saying it's pointless, and not even

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<v Speaker 1>the Trump family can say it. But again, you're seeing

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<v Speaker 1>all the banks and all these major institutions taking these

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<v Speaker 1>big bets. You're seeing the Trump family up their crypto

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<v Speaker 1>investments in companies. I think they know what's coming, right,

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<v Speaker 1>So this is where you know. That's one of those

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<v Speaker 1>signals I'm looking at. And again it's not so much

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<v Speaker 1>about the politics. There's things I disagree with and on

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<v Speaker 1>and so forth. For example, I hate that Trump launch

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<v Speaker 1>a meme coin and Malania launch a meme coin. I

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<v Speaker 1>think that hurt the crypto market and the past bull market,

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<v Speaker 1>not now specifically, but the fact that they continue to

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<v Speaker 1>double down. They're not doing this in the AI sector

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<v Speaker 1>or any other sector, right, not even robotics, and we

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<v Speaker 1>know that's coming. They're doing it in crypto. So I

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<v Speaker 1>think that's a bullish sign. Again, put your political biases aside,

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<v Speaker 1>just the simple fact where are they putting your money,

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<v Speaker 1>what are they investing in, what are they building? That's

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<v Speaker 1>a sign. So I think guys, once the Crypto Market

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<v Speaker 1>Structure Bill has passed the clarity at I think that

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<v Speaker 1>kicks off the super cycle. So my thesis could be wrong,

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<v Speaker 1>but I think many of you can agree with me logically.

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<v Speaker 1>Once that's past, we're going to see a lot more

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<v Speaker 1>adoption from trad fi institutions, more capital coming into the market,

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<v Speaker 1>and higher prices for the tokens. So you gotta be patient.

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<v Speaker 1>You know, obviously dollar coross average in buy it when

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<v Speaker 1>there's blood on the streets and fear and then hold

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<v Speaker 1>that's the big thing. So, folks, that's the news. Let

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<v Speaker 1>me know what you think. Leave your thoughts and commons below,

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<v Speaker 1>hit the thumbsup button subscribe if you haven't as yet. Folks,

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<v Speaker 1>Heads up, I will be publishing my interview with Malcolm Clark,

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<v Speaker 1>who is the VP of Digital Assets at Western Union.

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<v Speaker 1>That interview is coming tomorrow. You got to make sure

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<v Speaker 1>you watch these guys. Why they are building their own

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<v Speaker 1>stable coins and they're doing it on the Salana blockchain.

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<v Speaker 1>I ask all the questions that many of you would

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<v Speaker 1>want to know, so it's incredible to have this payment's giant,

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<v Speaker 1>which I'm sure many of us have used building their

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<v Speaker 1>own stable coins. So you don't want to miss this one.

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<v Speaker 1>It's going to be published in the morning. Check it out,

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<v Speaker 1>and I got some big interviews this week as well.

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<v Speaker 1>I'll give you guys heads up. I'm going to be

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<v Speaker 1>posting the images once I interview folks, but stay tuned folks. Now, guys,

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

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00:20:37.720 --> 00:20:40.480
<v Speaker 1>email newsletter. It is one hundred percent free. I just

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<v Speaker 1>did a write up yesterday, so check it out. Lots

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<v Speaker 1>of chart data and much more. Again, it is one

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<v Speaker 1>hundred percent free. Be sure to grab a copy of

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

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<v Speaker 1>and check out my course at Mycrypto course dot com.

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<v Speaker 1>If you want to learn more about blockchain and crypto technology,

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<v Speaker 1>this is the course for you. It's comprehensive course. It

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00:21:01.680 --> 00:21:04.240
<v Speaker 1>is packed with tons of videos and write up and

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00:21:04.440 --> 00:21:08.599
<v Speaker 1>downloadable materials. So acknowledge is power, guys. Expand your knowledge

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<v Speaker 1>about this asset class and technology all the links will

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<v Speaker 1>be in the description. Thank you so much for tuning

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

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<v Speaker 1>you all later