Speaker 1: The SEC is launching a fraud unit. Are they about
Speaker 1: to target mean coin scams with rug polls and insider trading?
Speaker 1: And the ECB, the European Central Bank is looking to
Speaker 1: launch blockchain payments. Of course they are, and Senator Haggerdy's
Speaker 1: stable coin bill gets Democrats support. I'll give you the details.
Speaker 1: Let's get into it. Hey, everybody, welcome into the Thinking
Speaker 1: Crypto Podcasts. You're home for cryptocurrency news and interviews. I'm
Speaker 1: your host, Tony Edward.
Speaker 2: On your way in.
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Speaker 2: Folks.
Speaker 1: We have more narratives coming out from the FED. So
Speaker 1: here they said today the possibility of slowing down quantitative tightening.
Speaker 1: It's not just about the debt ceiling, but also because
Speaker 1: the FED does not want to overshoot. So notice the
Speaker 1: narrative that's forming here, guys slowing down quantitative tightening, and
Speaker 1: then of course they're gonna stop it. Right We've been
Speaker 1: talking about this over the past two years, that they
Speaker 1: will eventually go back to full money printing, which is
Speaker 1: quantitative easing. And we saw the pause rates, then they
Speaker 1: started cutting them and now they're talking about wrapping up
Speaker 1: quantitative tightening. So I hope you see the transition. And
Speaker 1: this is of course very good for risk assets. Eventually,
Speaker 1: they're gonna go back to buying securities like they're done
Speaker 1: in the past. They're gonna print money as they raise
Speaker 1: the debt ceiling. They're gonna go back to the status
Speaker 1: quo because this is the Fiat currency system. And once
Speaker 1: you understand this, guys, you know how to position yourself
Speaker 1: in assets. Now that doesn't mean you put all your
Speaker 1: money in assets, but you put a good amount because
Speaker 1: you want to outpace the debasement and the inflation from
Speaker 1: all the money.
Speaker 2: Printing they do. Right.
Speaker 1: And of course, you can invest in the stock market
Speaker 1: in the Nasdaq SMP five hundred, you can invest in gold,
Speaker 1: you can invest in real estate, but nothing moves like crypto.
Speaker 1: It's as billionaire Paul Tudor Jones said, this is the
Speaker 1: fastest horse in the race. So that's why he took
Speaker 1: a big bet on bitcoin and crypto. That is why
Speaker 1: majority of my asset holdings are in crypto. And it
Speaker 1: has been outpacing all other acid classes. Bitcoin is the
Speaker 1: best performing acid over the past ten to fifteen years. Guys,
Speaker 1: the numbers don't lie. So I hope you see what's
Speaker 1: happening here, and this is going to happen globally. All
Speaker 1: the central banks are going to go back to money
Speaker 1: printing because that's the Fiat system. And we're waiting for
Speaker 1: Bitcoin to show more confirmation and strength and the breakout
Speaker 1: of this consolidation zone it's been in, right, We've been
Speaker 1: seeing fake outs. Both the bulls and bears have been
Speaker 1: getting faked out, and it's been really boring and a
Speaker 1: lot of people are getting discouraged.
Speaker 2: Right, They're in their feelings. This bullmark.
Speaker 1: It sucks, it's over, and that's the perfect setup for
Speaker 1: a reversal.
Speaker 2: I've seen it many times. I've been here.
Speaker 1: In twenty sixteen, so analysts wreck Capital shared a chart
Speaker 1: saying the Bitcoin post breakout retest of the monthly bullflag
Speaker 1: is successful. Thus far, price is performing the key technical
Speaker 1: steps to confirm the bullflag breakout so as to set
Speaker 1: itself up for trend continuation going forward. Approximately ninety six
Speaker 1: seven hundred dollars needs to hold, So we want to
Speaker 1: close above that this coming Sunday. So things are moving ahead, guys.
Speaker 1: And as I shared in yesterday's podcast, Bitcoin on the
Speaker 1: weekly chart, it's RSI is showing a breakout very soon.
Speaker 1: So you got the macro backdrop setting up, with the
Speaker 1: DXY collapsing, global liquidities on the rise, the FED talking
Speaker 1: about stopping quantitative tightening, and then the charts.
Speaker 2: Are in alignment, guys.
Speaker 1: And then of course the government is in alignment, being
Speaker 1: pro cryptos. So I'm expecting a monster rally come March
Speaker 1: into April. I think people are going to be surprised
Speaker 1: because many have already given up. They've lost hope because
Speaker 1: they're not looking at data. They're not looking at the facts,
Speaker 1: They're looking at their emotions. Oh no, the price is down.
Speaker 1: I'm tired, I'm bored. This thing sucks. I want to
Speaker 1: give up and run away. That is when the market
Speaker 1: flips on him. And this is why you do not
Speaker 1: invest with your emotions, guys. And I've often told you
Speaker 1: that if you are bothered by the price action, don't
Speaker 1: look at your portfolio. I have not looked at my
Speaker 1: portfolio for the past two and a half weeks, guys,
Speaker 1: because I know it's down it's not doing anything, So
Speaker 1: why am I going to torture myself looking at it
Speaker 1: every day?
Speaker 2: I don't do that.
Speaker 1: So I've learned my lesson over the years how to
Speaker 1: navigate the market and handle these moments. And guys, I
Speaker 1: just see the perfect set up here for another monster rally,
Speaker 1: So be patient. All right, we got big news coming
Speaker 1: from the SEC. So the SEC launches a new unit
Speaker 1: focus on protecting investors against fraud in crypto and AI.
Speaker 2: This is very good.
Speaker 1: The agency announced the new unit on Thursday today, of course,
Speaker 1: calling it the Cyber and Emerging Technologies Unit or C
Speaker 1: two CETU. Laura de Lard, who has been at the
Speaker 1: SEC for several years with various roles and enforcement, will
Speaker 1: lead the unit. So, guys, this is great news because
Speaker 1: we saw hester pers form the Crypto Task Force, which
Speaker 1: is working with the crypto industry and the government to
Speaker 1: help get clarity and not to have regulation by enforcement anymore.
Speaker 1: That's what Gary Ginster was doing. And notice what Gary
Speaker 1: Ginser was doing. He was attacking good actors while letting
Speaker 1: the bad projects flourish, right because his agenda was the
Speaker 1: slowest thing down, collapse it as much as possible, So
Speaker 1: that his Wall Street banking buddies can come in and
Speaker 1: take over. And he let FTX crash, he let Celsius crash,
Speaker 1: he let all these projects blockfi and so forth. They
Speaker 1: did no investigations, but he was busy suing coinbase, suing
Speaker 1: Kraken exchanges. That we're trying to work with the SEC.
Speaker 1: But that was once again part of the whole plan.
Speaker 1: But now the SEC the ship is being righted here
Speaker 1: with a new SEC chair on his way. Paul Atkins,
Speaker 1: who's pro crypto obviously has to purse crypto mom Mark
Speaker 1: e Waite as well, who's the acting chair right now.
Speaker 2: They're trying to put things in order.
Speaker 1: Now what we could see, guys, they may go after
Speaker 1: some of these meme coin scams.
Speaker 2: Now, not all meme coins are scams.
Speaker 1: So we got doge coin, Pepe and some of these
Speaker 1: that have been around for a long time. They have
Speaker 1: a developer community, they have an actual community that is
Speaker 1: behind the token. Merchants accept the tokens and so forth.
Speaker 1: But then you have pump fun where these bullshit meme
Speaker 1: coins get launch and they end up rugging people. And
Speaker 1: some of these scam artists are going to people like
Speaker 1: Javier Malay and some celebrities getting them to launch these things,
Speaker 1: tweet out about it, and then they rug the investors.
Speaker 2: We can't have that.
Speaker 1: As I've said before, that is giving a lot of
Speaker 1: bad press in the market. It's giving a bad impression
Speaker 1: to new people coming in.
Speaker 2: Like, WHOA, what's happening here?
Speaker 1: These guys are just stealing money and they're missing the
Speaker 1: bigger picture of what blockchain technology is being used for.
Speaker 1: So we got to put a stop to this. And
Speaker 1: as I've said before, I believe people can invest in
Speaker 1: meme coins if they want, but we need to put
Speaker 1: the guardrails in place and make sure they're educated that
Speaker 1: this is like gambling or playing the law, and the
Speaker 1: guardrails so that people are not getting rug pull and
Speaker 1: causing all types of problems for many different people. So
Speaker 1: I like this, guys. It's a healthy balance because you
Speaker 1: got the Crypto Task Force doing a lot of great work,
Speaker 1: and then you have this fraud unit that's going to
Speaker 1: target bad actors. Now, what's interesting. Brian Armstrong, CEO of Coinbase,
Speaker 1: of course, the largest exchange in the US, he tweeted
Speaker 1: out about meme coins yesterday. I'm not going to read
Speaker 1: through the whole thing, because it's very long, as you
Speaker 1: can see here, but I want to highlight just an
Speaker 1: excerpt from it. He says, some meme coins have clearly
Speaker 1: gone too far lately, to the extent people are insider trading.
Speaker 1: This is illegal and people should understand that you will go.
Speaker 2: To prison for this.
Speaker 1: In every cryptocycle, there is a get rich quick crowd
Speaker 1: that comes and goes and learns this lesson the hard way.
Speaker 1: Don't break the law and don't try to get rich quick.
Speaker 1: You should get rich by contributing real, lasting value to society,
Speaker 1: or at least be trying.
Speaker 2: It's not easy.
Speaker 1: So he's spot on here, and he says a lot more,
Speaker 1: of course, but I want to highlight that that this
Speaker 1: insider trading stuff is breaking the law, and I think
Speaker 1: a lot of people are going to start to feel
Speaker 1: the repercussions of this. And let's see the SEC decides
Speaker 1: to target some of these. I think they will, honestly,
Speaker 1: because this is getting out of hand. And you know,
Speaker 1: if I love crypto, I love blockchain technology. It's going
Speaker 1: to be the future, but I do not love what's
Speaker 1: happening here with this meme coin scams and rug pulls
Speaker 1: and much more now more news around the SEC. Eleanor
Speaker 1: Turriott of Fox Business highlighted the following. She says, according
Speaker 1: to a source that recently spoke with the SEC, the
Speaker 1: agency is very, very interested in staking, even asking industry
Speaker 1: for memo detailing the different types of staking and their benefits.
Speaker 1: This source expects to see some kind of agency guidance
Speaker 1: on staking in the near future, as it's a topic
Speaker 1: they're engaging enthusiastically on. Last week, staffers from the Division
Speaker 1: of Trading and mark It's took part in a staking
Speaker 1: webinar with some industry players, as reported on Friday.
Speaker 2: So, guys, I.
Speaker 1: Think we're going to see staking be brought back to
Speaker 1: the United States again. We know there's been a lot
Speaker 1: of shutdown of staking services, you know, under the against
Speaker 1: the regime, but I think has surpursed the Crypto Task Force.
Speaker 2: They're going to get this right and I.
Speaker 1: Expect to see staking added to the etherorem ETF And
Speaker 1: I think that's going to help bring more inflows into
Speaker 1: eth because having that yield, that reward is a strong incentive.
Speaker 1: So this is great news, guys, and all of you
Speaker 1: should be able to stake your crypto or earn your rewards,
Speaker 1: and obviously we need the SEC to make sure that
Speaker 1: the companies that are offering these things that they are
Speaker 1: doing it right now, we got news that more bipartisans
Speaker 1: support for Senator Haggarty's stable cooin bill, the Genius.
Speaker 2: Act is here.
Speaker 1: A Senator Haggerty, of course, is a Republican and he
Speaker 1: introduced that amazing stablecoin bill. I think it's the best
Speaker 1: to date. And Maryland Senator and Jela also Brooks has
Speaker 1: just signed on to co sponsor to bill, making her
Speaker 1: the first banking GOP Democrat to join, says eleanor try
Speaker 1: to fox business. The other Democratic co sponsor is Senator Jillibrand,
Speaker 1: and we know she's pro crypto. She's been working with
Speaker 1: Senator Lummis. So, guys, they're going to get stable coined
Speaker 1: legislation through. And part of the reason is this is
Speaker 1: about the dollar reserve currency status in addition to updating
Speaker 1: payments and allowing this industry to boom. But here's a
Speaker 1: great chart from Nick Carter. He highlights that US debt
Speaker 1: held by China, and China has been buying US treasuries
Speaker 1: for a long time. It has been on the decline.
Speaker 1: But what's interesting. US debt held by stable coins is
Speaker 1: on the rise. So I hope you see the tectonic
Speaker 1: shift that's happening here.
Speaker 2: Guys.
Speaker 1: We are living in an amazing time of great change
Speaker 1: started with the Internet in it's the fourth Industrial Revolution.
Speaker 1: I've been telling you guys about it. I've spoke to
Speaker 1: Kathy Wood and different people and interviews about this. This
Speaker 1: is the fourth Industrial Revolution. And it's not only blockchain
Speaker 1: and crypto. It's obviously AI, robotics, EV space exploration, and
Speaker 1: much more. Just think what the next twenty to thirty
Speaker 1: years is going to look like. It's going to be
Speaker 1: a very different world, folks. And look, some of it
Speaker 1: may be a bit scary, some of it a little
Speaker 1: bit draconian, and this is why we're going to make
Speaker 1: sure we keep our government accountable. But while we may
Speaker 1: be watching vigilantly, we want to make money off of it.
Speaker 1: We want to invest in these coins, in the blockchain,
Speaker 1: maybe some AI companies as well. Right, I hold stocks.
Speaker 1: I hold Tesla stock and other stocks. So you look
Speaker 1: to make money off of these trends, guys, and these
Speaker 1: things that are happening, because this is what's going to
Speaker 1: shape our future, whether.
Speaker 2: We like it or not.
Speaker 1: I'm not saying I love these things or I love
Speaker 1: everything that's happening, but hell, I'm going to make as
Speaker 1: much money off of it and try to improve my
Speaker 1: life and my family life, my daughter's life and so forth,
Speaker 1: and be able to navigate some of these changes that
Speaker 1: are coming. Because there's drastic changes coming. The disruption is
Speaker 1: going to be huge, unlike anything we've ever seen historically.
Speaker 1: You know, I've often talked about how the candle makers
Speaker 1: and the horse and buggy guys, you know, in the
Speaker 1: late eighteen hundreds of early nineteen hundreds are disrupted by electricity,
Speaker 1: light bulb, the automobile, and we saw where that led
Speaker 1: us to write airplanes, trains, all those things.
Speaker 2: It changed the world completely.
Speaker 1: Well, this this is going to take a whole other
Speaker 1: level because you're going to see robots doing a lot,
Speaker 1: and some of them will be in our homes and
Speaker 1: AI being a big part of the fabric of our
Speaker 1: society and our life, and blockchain thankfully is here to
Speaker 1: help maintain the sanity among all these things and control
Speaker 1: over some of these things because they you know, if
Speaker 1: you make sure the AI, the robots are power through blockchains,
Speaker 1: they can't bypass certain controls and setups and sofa in
Speaker 1: and guardrails. So anyway, let me get off my soapbox
Speaker 1: on that. But I hope you guys see what's happening here.
Speaker 1: Major technnic shift happening in the world with all these
Speaker 1: technologies and money changing, and I think we're at the
Speaker 1: moment of another Bretton Woods with stable coins, bitcoin, digital stockpile.
Speaker 1: I mean, just think about all the things that are
Speaker 1: on the table here. It's pretty incredible, guys. A quick
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Speaker 1: Hedge one Suite, a token project, Bitstamp Exchange, and the
Speaker 1: big news for them is that bitco and Copper enable
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Speaker 2: Link will be in the description.
Speaker 1: Now check this news out coming from the European Central Bank.
Speaker 1: They are exploring using digital ledgers to settle transactions in
Speaker 1: central bank money. So over the years we've heard about
Speaker 1: cbdc's central bank digital currencies and how these different central
Speaker 1: banks are going to use different digital currencies, and guys,
Speaker 1: we know they're going to put all the Fiat currencies
Speaker 1: in that token ized format. Everything will be running on
Speaker 1: the blockchain, right, I know I've said this at nauseam.
Speaker 2: We're headed to the token economy.
Speaker 1: All the securities, the commodities, the currencies, everything, real estate,
Speaker 1: everything on the blockchain, right, So you got to watch
Speaker 1: what these central banks are doing very closely because it's
Speaker 1: a big signal as to what is coming. So the
Speaker 1: two track plan includes creating a long term solution for
Speaker 1: using central bank money in digital leisure based transactions, which
Speaker 1: can involve foreign exchange settlement, along with other international financial
Speaker 1: use cases. The endeavor attempts to augment a European market
Speaker 1: for digital assets.
Speaker 2: Guys.
Speaker 1: As I just said not too long ago, a tectonic
Speaker 1: shift is happening, major change in the world and how
Speaker 1: the economy and governments are going to be run in
Speaker 1: the future. And obviously we see Elon here in the
Speaker 1: United States via douse looking to put government spending on
Speaker 1: the blockchain. Everything will run on blockchain. And that's what
Speaker 1: a lot of people are missing. They get caught up
Speaker 1: with headlines. This is a ponzi, this is a scam.
Speaker 1: Oh it doesn't look like a stock. Well what at
Speaker 1: one point stocks didn't exist, my friend, This is a
Speaker 1: paradigm shift.
Speaker 2: For the first time in history.
Speaker 1: You get to have access and hold that token on
Speaker 1: that respective blockchain, and the token is needed on the
Speaker 1: blockchain to grease the wheels to pay for the transactions
Speaker 1: and get things going. And you can even go build
Speaker 1: on that blockchain if you want, or you could simply
Speaker 1: hold a token or do both. Right, But this is
Speaker 1: the concept many don't understand because they're so programmed to
Speaker 1: think a certain way and not realize all of us
Speaker 1: here are specting the timeline of history and things will
Speaker 1: continue to evolve and change, and we have to make
Speaker 1: sure we have an open mind to understand what is changing.
Speaker 1: And of course, like I said earlier, take advantage of.
Speaker 2: It and make money.
Speaker 1: That's what we're here for here to play around, because
Speaker 1: this is an opportunity of a lifetime. So here is
Speaker 1: a quote. We are embracing innovation without compromising on safety
Speaker 1: and stabilities, said Piero Cipolone. If something that right, an
Speaker 1: ECB executive board member helping the endeavor in a statement,
Speaker 1: this is an important contribution to enhancing European financial market
Speaker 1: efficiency through innovation.
Speaker 2: Our approach will pay due attention to the Eurosystem's goal
Speaker 2: of achieving a more harmonized and integrated European financial system.
Speaker 2: So you know they're going to put the Euro on
Speaker 2: the blockchain.
Speaker 1: All the European markets are going to run and blockchain
Speaker 1: tokenized assets, twenty four to seven trading fractionalization. You got
Speaker 1: your secondary and tertiary markets that are going to open up, guys.
Speaker 2: I hope you see what's happening.
Speaker 1: So Europe's public and private sectors have long been home
Speaker 1: to a number of Central Bank digital currency CBDC pilots,
Speaker 1: especially regarding cross border transfers. In January, the ECB highlighted
Speaker 1: the need for digital asset payment initiatives, especially around the
Speaker 1: digital Euro, as a way to compete with the dollar
Speaker 1: back stable coins. And remember the EU pass crypto regulations
Speaker 1: with the MICA regulations, so they're ahead of the curve
Speaker 1: on the United States here. But of course, the United
Speaker 1: States has the world reserve currency and the largest capital markets,
Speaker 1: so that's what's at least helping it to state, of course,
Speaker 1: and obviously now we have a pro crypto government with
Speaker 1: the regime change, with Trump, new SEC chair, new CFDC chair,
Speaker 1: new Secretary of Treasury, you got a white house. Cryptos
Speaker 1: are so, guys, things are moving in the right direction.
Speaker 1: And I often say, you know, these things are not
Speaker 1: making the biggest headlines. You don't see it on Fox,
Speaker 1: you don't see it on CNBC or CNN where you
Speaker 1: get your news.
Speaker 2: And you have to do your research.
Speaker 1: You have to pay attention, right forget about the sensationalized headlines.
Speaker 2: What are these people doing?
Speaker 1: And all signs point to adoption of blockchain and crypto,
Speaker 1: And count yourself lucky that you recognize what's happening here.
Speaker 1: I read the comments online from different people of walks
Speaker 1: of different walks of life, under different videos and so forth,
Speaker 1: and you see some are completely ignorant and some their
Speaker 1: mind has already been warped by like mainstream media. You know,
Speaker 1: oh this yeah, this is a ponzi. Uh yeah, this
Speaker 1: is a scam.
Speaker 2: All of it is a scam. Right.
Speaker 1: The other day I replied to one person, I said,
Speaker 1: have you ever read the Bitcoin white paper? Crickets, No,
Speaker 1: I haven't read it, right, they haven't gone that extra
Speaker 1: step that you're just reading headlines, and many are going
Speaker 1: to miss it. But this is the nature of markets.
Speaker 1: Those who are curious and educate themselves and take the
Speaker 1: time to research are going to benefit guys. So, as
Speaker 1: mentioned at the beginning of the podcast, the next leg
Speaker 1: is coming of this bull run, and I think a
Speaker 1: lot of people are going to be surprised. It's going
Speaker 1: to be a face melter, even stronger than what we
Speaker 1: saw in Q four, So be prepared, my friends.
Speaker 2: Folks, that's the news. Let me know what you think.
Speaker 2: For thoughts and comments below, hit the thumbs up button. Guys.
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Speaker 1: check out my new course at Mycrypto course dot com.
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