🚨BOMBSHELL Kamala Harris Crypto Lie Revealed!

your host, Tony Edward. On your way in. Please sit 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. Folks. Some quick metrics I want to share with you all because I like to look at the market holistically. Right now, the price is not great, there's not a lot happening, but data is

showing us that stable coin supplies increasing. Whales are buying to dip so here we got reports today from Whales Alert that one hundred million in USDC stable coin was minted at the Treasury and it came in two batches, one for fifty million and the other for fifty million. So these are things I pay attention to. Whether the stable coin supply is going up, if the bitcoin whales are buying, what's happening in the macro and so forth.

So we are seeing the stable coin supply going up, meaning this liquidity will be used to buy to dip, and that's very bullish, as I think many of these whales and smart money are anticipating higher highs coming that we're not done. This bull market's not done, and you know we're closing shop and it's now a bear market. That's not the case. Also important to highlight is that the bitcoin bulls were able to successfully defend support at

the fifty six one hundred dollars price point. So, as I said in yesterday's podcast and even the newsletter, we have to survive September. It's going to be rocky, it's going to be bloody. So be patient if you are able to, obviously, try to buy the dip. Not financial advice, That's what I'm doing, but guys, be patient. We just got to get through this month and then I think come October and the start of Q four, we're going to start to see the markets move significantly, So once again,

be patient. All right, guys, we got news today that Kamala Harris apparently is using coinbase to accept crypto donations. This is being reported by Fortune magazine and the source of that is Coinbass CFO. So I went to Kamala Harris's website and guess what. I only see the option to donate via Venmo, Google, Play Playpal. There's nothing here that says you can donate with crypto. So something is up here. It's really weird. I don't know who's lying,

and we haven't heard one word from Kamala Harris. I tweeted out about this new saying, okay, if she accepts crypto donations, if she is indeed, and I don't know where or how, but will she actually come out and state her crypto policy and support crypto. We have not heard one word. And she has not put a stop to Gary against her and Elizabeth Warren from attacking the industry. We see the attacks are coming in Gary. Just last week sent to Wells noticed the open Sea. So the

nonsense continues. So Kamala Harris is dropping the ball here, and I think many folks are starting to get impatient. I'm not saying that I want Kamala Harris to support cryptos, who I can vote for her. That's not my point. As I've been telling you guys, we need bipartisan support to get crypto regulations through. Remember seventy one Democrats join the Republicans in the House to pass the FIT twenty

one bill. They Republicans couldn't do it by themselves, and that's the same thing they're going to have to do to get it through the Senate. So we need Kamala Harris to support crypto to get this issue off the table. It shouldn't be an election issue now, Trump, you got to give him credit. He's all out, he's clear and what he's doing. He said he will fire Gary Answer and he's going to support this industry. I just wish Kamala Harris would come out and state where does she stand.

And I don't understand what the hell is happening with this crypto donation thing here. This seems to be a big lie. I don't know if the coinbase CFO is lying or Kamala Harris's team lied to him. I don't know what's going on, but this is pretty shady. Now, guys, we've got a series of attacks against the industry. We're going to start with the SEC first, and then we're going to go to the CFTC and then the Federal Reserve.

So the SEC charges crypto focused advisory firm Galo's Capital for custody failures, and folks, they're charging him with custody failures because they were storing funds at FTX, and everyone is like, wait, wasn't Gary Gainster meeting with Sam Beakmerfried and FTX officials were at the SEC's office like every month. Wasn't Gary working on that special broker dealer license for FTX that he gave to Prometheum And the SEC didn't do their due diligence, didn't do any type of investigation,

and you're suing companies for using FTX. This is ridiculous and this is where you see these regulatory agencies and government agencies have gone rogue. I mean hypocrisy, lies, unlawful activities, and we've seen the unlawful activities in the SEC. So Adam Cochran weighed in saying the SEC suing a fund for storing funds in FTX is wild. Sure the fund

allegedly failed to keep funds with a valid custodian. But the SEC also failed to identify the largest fraud in history even when actively engaged with and investigating FTX, which is why anyone lost funds. He's absolutely right. Maybe if Gary hadn't been so focused on random ico projects and had stopped a twenty billion dollar fraud instead of trying to befriend him for a job, then they wouldn't be in this mess. Adam is one hundred percent right here,

right folks. Even Kristen Smith, head of the Blockchain Association, weighed in on this, saying, another day, another attempt by the SEC to drive the crypto ecosystem offshore. The SEC claims Galo's Capital failed to comply with the custody rule. Galo's settled, but it's worth digging into the custody rule and how the SEC uses it to discourage investments in crypto. Galo's Capital held cryptotokens with a digital asset firm, but not one that the SEC counts as a qualified custodian.

The problem is that the SEC designated qualified custodians rarely support cryptotokens. In other words, the SEC has made it impossible for investment advisors to comply with its own rules. They are asked to custody crypto assets with a qualified custodian, But qualified custodians do not generally support crypto assets. And she's of course referencing like SAB one two one, which

prevents banks from being able to hold these things. Face with this reality, investment advisors try their best to find a solution that protects client's assets, only to get hit with SEC charges and fines. So, as she continues here, but I think you get the gist of the hypocrisy and the lines of the SEC. Now let's move ahead to the FED. So Hitlin long highlighted here another bank,

another enforcement action. So we see pro crypto banks, those that are working with crypto firms are getting attacked via the Operation Choke point two point zero. And the Federal Reserve put out of press release today about it. And it's apparently the United Texas Bank Base in Dallas, Texas. Now, on that note, Paul Grewall, he and the folks at Coinbase sent a four yer litigation against the FDIC, and he said, today we filed this notice of anticipated motion.

In short, the public is entitled by law to every letter the FDIC sent to any financial institution suggesting that they indefinitely pause crypto related activities. We appreciate the court's consideration. So let's see what comes out of this. And the

reason all this is happening, folks, is Elizabeth Warren. When I was in DC back in May, I spoke to some people and they told me she has staffers everywhere and she got that head of the Financial Services so to speak job, you know, because she made a deal with Biden that hey, I'm going to drop out the race, but give me this role. So she's pulling the strings at the at the FED, at at the Treasury, at the SEC, at the CFTC and everywhere. Guys. She's got

her cronies everywhere. And I heard this from some reputable folks in d C. So that's what's happening here. If you're wondering, oh, is Jerome Powell waking up saying, oh, let's go cut off banking to the crypto acid class, No, right, it's it's Elizabeth Warrener making the calls and she has that power right now. And of course we know she controls Gary Genser. So that is what's happening here, folks. That's why you see all these attacks and unlawful moves

and lies and like I said, hypocrisy. So the next news was the CFDC issues order against UNISWAMP labs were offering illegal digital asset privatives trading. Now you know, SWAMP is a decentralized exchange and they're not only getting hit

by the CFTC but also the SEC. However, one of the commissioners at the CFDC, specifically Commissioner Mersinger, she dissented based on this move by the CFDC, and Alexander Grieve highlighted the following worth noting that Commissioner Mersinger is one of the leading candidates for a CFDC chair under a Trump admin. So I think we're seeing the political lines here, folks, and it's really frustrating. We need both Democrats and Republicans to support a crypto together. But what we'll get there

just we got to get past these hurdles. And I know a lot of you are going to comment that's why you got to vote for Trump. And I'm not here to tell people who to vote for necessarily, because I know the presidential election involves more than crypto. So I like to be a neutral party reporting the news and let you guys your decisions accordingly. So I'm as

you see, I criticize Kamala Harris. That doesn't mean that I'm telling you don't go vote for her because I don't know what you're voting for her regarding right and but I will tell you what I feel is wrong and what she needs to do better. So that's my

approach in bringing you guys the news. And on the note of elections, guys, John Deeton has won the primary, guys, the Republican He's a Republican nominee in the state of Massachusetts, and even Mark Cuban highlighted here, congrats to John Deeton. Only one w to go, so he's going up against Elizabeth Warren. So you know, like I said before, in the presidential election, it's a bit different. But when it comes to John Deeton in Massachusetts, vote for John, folks.

So congrats to John. That's a big win, folks. Quick word from our sponsor and that is Uphold, which is one of the top crypto exchanges that I've been using for years. I started using them since back in twenty eight team they have Bitcoin in all the top ball points. They have two hundred and sixty plus cryptocurrencies and they're available in over one hundred and fifty countries guys, and

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in the description. Now, folks, next week we got a big hearing around DeFi, So the Financial Committee or the House Financial Committee GOP has officially rescheduled their hearing on DeFi for next Tuesday, September tenth. The hearing was originally scheduled for July, but got pushed back till after the

August recess. So well, the folks that the Digital Chambers said they're going to do a summary on this, but this is interesting more hearings about crypto and if you caught my interview with Cody Carbone of the Digital Chamber. This morning, there's a hearing coming up with Ginser is going to have to appear, actually two hearings, so let's see what Ginster is going to have to say. Be sure to check out that interview now, folks. Final news item here, Samsung is getting ready to invest in back

Sony's blockchain. So I've been telling you guys about Sony's Ethereum layer two called Sonium. Sony's also building a crypto exchange in Japan. So now you've got Samsung saying hey, we want to participate. So you are seeing a lot of these legacy tech companies getting involved in crypto, and I hope you recognize what's happening here. This is big. They're not doing it for fun, they're not doing it to lose money. They want to make money. They see what's on the horizon and they want to stay ahead

of the curve. They don't want to get disrupted. So Samsung next invest in Startial Labs, enhancing blockchain capabilities for seamless, decentral application development partnership focuses on Star Network, Sonium startail cloud services, reducing entry costs and technical barriers. So big, big news here, folks. These are big names, big power players in the tech space. I mean you probably have devices in your house that are Samsung or Sony, right,

and they are getting involved with blockchain and crypto. Pretty incredible stuff, right, folks. Let me know what you think. Leave your thoughts and comments below. Also, be sure to sign up for my free email news that are on substack one hundred percent free link will being a description. Also, be sure to grab a copy of my book, Rethinking Crypto. It's available on Amazon and paperback and digital also on Barnes and Nobles dot com and grab a copy to

support the podcast. Grab a few copies for your friends and family who want to learn about crypto. This will make a great gift. It covers crypto's past, present, and future. It includes tips for investing, so it's very good for people who are new and want to know what the hell happened with FTX, and why is Wall Street here launching et aps, what is tokenization? And much more. And if you bought a copy of Ready, Folks, please leave a rating and review. It will really help me out.

Thank you so much. I appreciate you all, and I'll talk to you all later.