Integrates the etherorem naming service into its crypto payments infrastructure, and Vello Labs as integrated. Black Rocks took an ice fun biddle into USDV. And the big debate between Kamala Harris and Donald Trump is tonight, will crypto come up as a topic. We're gonna break this down. Let's get into it. Hey, everybody, welcome into the Thinking Crypto podcast, your home for cryptocurrency news and interviews. I'm your host,
Tony Edward. On your way in, please hit that subscribe button as well as a thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Well, folks, the big debate is tonight between Donald Trump and Kamala Harris, and the folks that Stand with Crypto are making a push to have crypto be asked as one of the questions. And the network that's hosting this debate is ABC, so stand with Crypto
tag them. Had a whole sign up form that was started yesterday and I did a pull on x folks and the majority of you are saying crypto will not come up as a topic, right now fifty nine point nine percent say no, forty point one percent say yes. So hopefully it does come up as a topic that would be really great. And we know it's an important topic to Donald Trump, he's campaigning on it. And Kamala Harris, while her campus said she will support crypto, we have
not heard one word from her about it. She has not put it into her policy and agenda and so forth. So we want crypto to be a bipartisan issue. It should not be an election issue. So my hope is that Kamala Harris will come around and start supporting crypto so we can take it off the table and we can debate and vote on other issues. Right, but crypto a technology, should not be a debate issue. It shouldn't
be partisan, guys. It has to be bipartisan. And we actually need both Democrats and Republicans to get crypto right in the United States with legislation. It can't just be one part, So we need both candidates to support this topic. Now, we got some big news coming out from PayPal. So PayPal Venmo integrate Etheroreum naming service for crypto payments. This
is a big integration, folks, big adoption for Etherorem. We know PayPal is already using Etherorem because it has launched its stable coin p y u s the on the Ethereum blockchain. Also, PayPal and Venmo both offer crypto trading. Right you can buy bitcoin, etherorem and so forth. So let me give it to details. PayPal and Venmo have integrated the Ethereum Naming Service NS into their payments platforms.
N S Labs announced tuesday. NS is a decentralized naming system built on the Ethereum blockchain that gives readable names to crypto addresses. Now, users of PayPal and Venmo can enter the recipient's NS named directly in the search field when sending crypto, and the payment platforms will automatically identify the wallet addresses linked to the ENS. The feature will
be available for US users first. According to the release, folks, this is a core infrastructure item that is needed for the global adoption of crypto for billions of people to come in. Because not everyone is going to be comfortable with the long hash addresses right the wallet addresses. Not everyone is going to be able to navigate the ability to share wallet addresses and do all these things. But if they have a name that's blockchain friendly, kind of
like a domain name. Right, you go to thinkingcrypto dot com, that's my website, or you can go to Tony Edward dot com. Well, if you have thinkingcrypto dot ether or thinkingcrypto dot whatever, and you give that to people, they can simply type that into whatever platform they're using and send you crypto. And the great thing is many of
these naming services are becoming interoperable with different blockchains. So you can send bitcoin, eth, madic, XRP, whatever it is, and the service will automatically designate the funds to the
approach its wallet. And that is the future. That's how it has to work because there are so many chains and so many tokens, and I've often talked about we're headed to the token economy, right, So if you have even tokenized assets on the Ethereum blockchain or an avalanche or whatever it may be, there needs to be interoperability. We can't be segmented where it's like, oh, you're on etherorem and I'm on Soalana. Oh, I guess we can't do anything. We can't send each other anything. It can't
work that way. NFTs Tokenized Assets stable coins, crypto assets all will need to be interoperable, and having a name service like this will be a common thing where everyone will have this similar to once again like a domain name or a social media handle, right, and they can just give that, Oh, you want to send me some funds, go to Jane do dot ether right, a simple example.
But that is where we're headed to, and the infrastructure needs to be built out and it needs to be interoperable as mentioned, but when you have a payment like PayPal integrating it, it will help to push mass adoption. So this is very bullish for the mass adoption of crypto, but also super bullish for Etheroreum And in full disclosure, I am an ETH token holder and bullish on ETH. I think Eth could get to ten k at least this bull market cycle. That's not a guarantee, that's not
a certainty. That's just my prediction and we'll see if he does get there, but even if not, in it just tops out a eight thousand, I'm fine with that. I'll be taking profits now. Moving ahead, Paxos is set to expand to arbitrum, any therum layer to network, so more bullish news for ethereum as well. As Arbitram, Paxos. Select stable coins are currently available on Ethereum, the Polygon proof of State network and Solana. So Paxos they helped
to launch different stable coins. I had interviewed Charles Cascarilla, who's the CEO of Paxos over the years. I'm trying to get some folks on. I remember they're working with PayPal to launch their stable well to help process their stable coin, which is all already launched. They were also working with finance, with busd and much more so. Paxos is a big infrastructure player and it's great to see that they're expanding their stable coins onto another blockchain, arbitrump
and as I just said, interoperability multiple chains. We need it all to function together, folks. So all bullish news now, speaking of bullish news, Vello and I don't hold this token, guys. Vello has a token. You can check it out on coin market cap. I don't hold it. It's not possible to invest into everything. But they got some very bullish
news here. They tweeted out vellow Labs incorporates black Rocks tokenized short term Treasury Fund BIDDLE into USDV, enhancing seamless transactions and yield opportunities for over one million users in Southeast Asia with securitized backed by Blackrock. This move strengthens the defied landscape in the region. A monumental leap in blockchain powered payments and trading. Big move here by Velo, very smart, and they're working with the folks Securities who
are working with Blackrock. Securities helped black Rock to launch your tokenization initiatives. And if you saw my interview with Carlos Domingo's CEO and co founder of Securities that was published about a month ago or so, we talked a lot about how they're working with black Rock, So if you haven't seen the interview and be sure to check
it out. So they said here with USDV now backed by black Rocks institutional grade Biddle fund, users across Southeast Asia can enjoy bank free transactions, cross border money transfers, and even store of value, all while earning competitive unchain yields. This is really great and shows the ability of crypto
to offer great returns and yields. Now, the problem is here in the United States, we don't have clarity, so you know, staking is still being threatened by Gary Gins and the SEC had much more, but eventually we'll get regulations and more of these products can be launched here in the United States. But this is big news if you're a vellow token holder. So once again you can check out this token. I don't know too much about it. I'm still researching it, but I don't hold any as
in full disclosure. Now, quick word from our sponsor, and that is bitgo, which is one of the top tier crypto custodians in the crypto industry. Bitco works with many big companies and exchanges in the market. They're headed up by Mike Belshie, who is a Web one point zero legend. I've often interviewed Mike on the podcast. Some of the trusted companies and brands that are using bitco include Pantera
Capital as Dan morehead, Bitstamp Exchange, Bitcoin Ira. Nike uses Bitgo's wallet services for their NFTs and some of the great services that they offer include hot wallets, custodial wallets, self managed cold wallets, and NFT wallets. So if you'd like to learn more about bitco, visit bitgo dot com. Link will be in the description. Now, guys, yesterday I told you about the defied Congressional hearing and that took place this morning and it was a really good hearing.
It was the first ever about DeFi and it's great that this is a topic coming up because we've seen a lot of regulatory uncertainty around DeFi here in the United States, a lot of attacks on DeFi, and we need to educate the folks in DC about this and help get people to support the proper balance legislation. Here. Ron Hammond says, we are live at the first Congressional hearing on DeFi. This is setting the stage for policy priorities for twenty twenty five and largely expected to be educational.
Taylor Barr of the Digital Chambers said by exploring nuanced topics like DeFi and tokenization, Representative French Hills Subcommittee shows they are committed to maintaining US leadership in the digital economy. So I'm going to try to get Frenchchill back on the podcast to talk about this. But Taylor said this is critical to have this discussion to keep the momentum going.
After the FIT twenty one bill passing the House in May, remember, seventy one Democrats joined the Republicans to get that through and we need to get that some sort of a bill, whether it's Cynthia Lummis and Jillibrand's version through the Senate or the FIT twenty one through the Senate. We have to get it through the Senate and eventually whoever's president to sign it into law. But this is a big move now. It wasn't without controversy because you had your
anti crypto army people. Elizabeth Warrens cronies were of course here, Brad Sherman and even Representative Sean Caston, who's a Democrat, no surprise there, and if you look at Stanford Crypto's website, he is strongly against crypto. He voted against the CBDC Anti Surveillance State Act, he voted against FIT twenty one, so he didn't join his Democrat colleagues. He voted against this SAB one two one House Joint resolution, So a
big time brown newser of Elizabeth Warren. And of course the Sherminador Brad Sherman was there, you know, talking some sort of bullshit, his normal nonsense. You know, sometimes you have people who are anti crypto, who are tickle it, and they can form a good thought and you know they'll present an argument and so forth, and you can actually, you know, sit down and listen to them in reason with them. But Brad Sherman is like the crazy uncle
or crazy grandpa. All right, who's who's living somewhere up in the mountains. And then he comes out and he's talking all kinds of madness. So he was, you know, making all kinds of weird statements as usual. I remember he's the one that talked about mongoose coin and all kinds of stuff in the past. He's just a joke at this point. Now, speaking of Elizabeth Warren's clown army, let's talk about Gary Genser. So the SEC is doubling
down on SAB one two one. There's an update here saying that they don't want to step back with SAB one to one, even though the Government Accountability Office had called this thing out saying it needs to go through Congress. We know that Congress tried to repeal this thing, but Joe Biden ultimately vetoed it. But you know, the SEC
is doubling down. But it's not so much hester pers or market way to it is Gary Ginster and the other two Democrat commissioners, and apparently Gary ginser internal comments were mistakenly released to the public. Kitlin Long highlighted it. It's not related to cryptos specifically, but it just shows the secs just a joke sometimes. And you remember they got their Twitter account hacked with the bitcoin ETF launch and much more. Gary, I don't know what to say, man.
I hope that he gets fired if Donald Trump wins and or Kamala Harris wins, that Gary's out of there because he's a scumbag regulator. Now, the Japanese public company Meta Planet continues to buy more bitcoin. They are the Michael Sailor micro Strategy of Japan, but they are ahead of the curve folks, and it's a smart move. And micro STRATEGI has figured out this arbitrage with their stock
and so forth. And I think this Japanese company, Metaplanet is realizing that that they can make some really nice returns and boost the value of their company and stock value and so forth. We got news here that crypto ETFs from State Street and Galaxy Digital begin trading. So State Treat is a massive Wall Street bank. Galaxy Digital of course headed up by Mike Novograts. These are two
big players here. So the two firms. New funds provide mixed exposure to various companies associated with blockchain technology in addition to cryptocurrencies through futures and other ETFs. The three funds started trading today under the tickers DECO, d ECO, HEKO h E c O and tech x t e k X. So great to see that different financial products are being launched around crypto folks. This is really bullish for their future adoption at crypto. Now, let's end it
on some really positive news. Former Alameda CEO Caroline Ellison SPS one time girl friend and fling right. She is sent to face sentencing on September twenty fourth, following the FTX follow up. So I was wondering, Actually just the other day, I was like, what happened to Caroline Ellison? When is she going to jail? Right? All these crooks, what it's Alex Mashinsky, Sam Bank, Murfee, Caroline Ellison, all
of them need to go to jail. You do the crime, you paid the time, and they scammed a ton of people. They put a big black stain on the crypto industry. Thankfully we're coming out of that, and I think the industry is maturing and growing from here, and Wall Street's here right, Black Rock Fidelity and so forth. But these people need to go to jail. They need to stay away from crypto. So Ellison's lawyer asked the judge on Monday to redact some names and information regarding her living
situation that they say could put her at risk. So she needs to go to jail. Sam Beck mcfred is in jail. So nature is healing folks. All right, folks, that's the news. Leave your thoughts and comments below hit the thumbs up button. Don't forget to sign up for my free email news that are on substack filled with crypto knowledge and insights. Also, be sure to grab a copy of my book, Rethinking Crypto. It's available on Amazon and paperback and digital, also available on Barnes Andnobles dot com.
Grab a copy to support the podcast, Buy a few copies for your friends and family. Give it to them as gifts, guys, as the holidays come up and so forth. It will make a great gift to help them understand crypto. What the hell is happening here? It includes some investment tips and so forth. And if you bought a copy, my friends, please please please leave a rating and review it will help out my rankings. Thank you so much, I appreciate you all, and I'll talk to you all later