The SEC hosted its first crypto roundtable today. I'll give you the major takeaways and Quinbase is about to make a massive acquisition that's going to be a game changer for the crypto industry and Tornado Cash, the crypto mixing platform has scored a huge win against o fac. I'll give it to details. Let's get into it. Hey, everybody, welcome into the Thinking Crypto podcast. You're home for cryptocurrency news and the interviews. I'm your host, Tony Edward. On
your way in. Please let that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a rating and review. Folks. Today was the first ever crypto roundtable held by the SEC in Washington, DC, and it was actually at the SEC headquarters. Guys, this is amazing. I love the transparency, I love the openness. This is a complete one eighty from what scumbag regulator
Gary Ginster was doing over the past four years. And of course Hester Purse is leading to charge along with Mark and we got Paul Atkins who's going to be confirmed around March twenty seventh, so later this month and then I'm sure he'll be fully situated in office come April. So exciting times. We're getting a lot of clarity from the SEC, a lot of cases being dropped. Obviously, the big one from this week was the SEC dropping the Ripple case appeal. So there was your mix of pro
crypto folks but also your crypto naysayers. Bill Hughes of Consensus did a great job of putting together a summary here saying crypto optimists or advocates said, the current law and future of the infinite how we decisions are not a workable regulatory regime. Start with what is a security and what isn't. But a more interesting and somewhat trickier question is, out of the securities, what deserves exemptive relief? What's the thing that justifies a different approach to crypto?
And if it is control, then how do we define it? Securities laws are going to apply to a lot more of this stuff than people think, based on how bullish the current administration is. So, guys, there's a lot to work to do here. But in order to get to the destination of clarity and clear rules and the SEC helping Congress to craft these rules, we need to have dialogue, right, It's important to bring in different law experts, different industry experts, and the SEC is doing the job of listening and
also participating in the conversation. This is what we want. So this is the start of something really big, and they're going to do more roundtables. Now, you had your crypto skeptics, for example John reid Stark, you know, clowns like that coming in their main takeaways where people buy crypto for investment. SEC's mission is investor protection and that's as far as you need to parse jurisdiction. The SEC won many more motions than it lost, so how he
is clearly the answer here. Can we all agree this crypto stuff is just done? Now, this was mostly from John reid Stark, So of course you got the clown in the room, right, And remember he went on sixty minutes when BRADGARL. House, a ripple CEO, went on sixty minutes, said a whole bunch of nonsense as well. But hey, what are you gonna do. You need haters, right, you
need detractors. Because he's probably in line with some of the incumbents being disrupted, so that's why he's saying these things, And of course Caroline Crenshaw was there, the single remaining Democratic Commissioner. She's outnumbered, of course, but she was still on her same bs as well. But John reid Stark was the clown in the room for the most part.
But guys, overall, the administration is pro crypto. Congress is ready to pass legislation for market structure as well as stable coins, so it doesn't matter what clowns like John reid Stark have to say. In fact, Teressa Goudi Gilan, who if you recall she was in a running to be an SEC chair, she said how he was never
intended to regulate an entire industry nor technology. So guys, we know how we was created back in the nineteen thirties forties, right, And this was before the Internet, before blockchain, before tokens were on a decentralized blockchain distributed globally, before people could even fathom in their mind the concept of the Internet. So it is not fit to regulate this type of asset. We need an updated version or an entirely different tests for digital assets, because once again these
things are not just in the United States. This is not an Orange grove in Florida within the walls of the border of the United States. These things are global. What if a token was issued overseas, but it's trading in the US and vice versa. You know what happens there. What if the majority of the tokens are trading outside the US, but a good amount is in the US.
So you have all these complexities. And then when the blockchains are decentralized and the tokens are just moving on their own with market participants and not necessarily the issuer or the foundation, you know who's helping to build adoption and things like that, what are you going to do? How are you going to regulate it? So all of these nuances need to be regulated, and the Howie tests is not up to par to regulate this, so that
common sense telps you that, right guys. So but like I said, the big takeaway transparency dialogue, all of these things very bullish for the market and industry, will lead to clarity, guys. Now, speaking of crypto legislation, the House Financial Services GOP tweeted out at chairman Representative French Hill announces the April hearing scheduled and the key highlights and I'll just highlight the one that's related to crypto. They have a hearing titled American Innovation and the Future of
Digital Assets, Aligning the US Securities laws for the Digital Age. Now, many of you know I've had Congressman French Hill on the podcast many times. I'm hoping to get him back on soon. And by the way, next week I'm interviewing Congressman Brian Style out of Wisconsin, who's been working with French Hills. So, guys, trying to get all these folks who are working on legislation on the podcast so you
can hear directly from them. But you can see crypto is on the agenda here, guys, and it's a high priority, So very bullish. Moving ahead, We've got huge news coming out around coinbase. Coinbase is acquiring Deribit. Talks reach advanced stage according to Bloomberg. Now you may say, what the hell is deribit, Well, guys, Deribit controls over eighty percent of the options market, and Jason Yanovitz a block Work, said, I'd expect this to be the largest acquisition in crypto history.
That's even bigger than what we saw announced just this week, which is Cracking acquiring Ninja Trader for one point five billion dollars. Guys, this is amazing, right, what's happening pretty incredible. And remember last year Stripe acquired Bridge, the stable coin platform, for a billion dollars. These are signs of growth the bullish market, right. These companies are not doing this to lose money. I've often said that they're looking to expand
their footprint, gain as much market share as possible. They're expanding globally, they're acquiring businesses. I mean, if you think about it outside the crypto market, just look at other companies that have grown through a quisitions like Google. Google didn't create YouTube, they bought YouTube right and other products, and there are many other examples. But I hope you guys understand what I'm saying. So this is so huge, Guys,
where we're headed. I don't think people realize what's happening. So the companies have notified the regulators in Dubai. So the companies have notified regulators in Dubai about the discussions, as dera bit holes a license there which would be taken over by and acquire, Bloomberg said, citing anonymous sources.
Deribit is the world's largest trading platform for bitcoin and ether options, while Coinbase is the biggest US crypto exchange according to a platform Kaiko, man, I don't know what to say if you don't see what is happening here.
I don't know what to say for into you right, because this is massive and I just see big players moving chess pieces here on the board, and they are setting the stage for a massive bull run, not just a cycle, but future bull markets because tokenization is going to be the next big phase when they're going to put all these traditional assets on the blockchain. Guys now, quick word from our sponsor, and that is bitgo, which is one of the top tier crypto custodians in the
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another big win. Tornado Cash, which is the crypto mixer platform that has been attacked over the years. As you guys know, and you know we've talked about it, it's not the tool or the platform, it's the bad actor. So bad actors use a technology that is not a crime for the founders of that platform. The government, as with all things, have to go after the bad actors. But we know they were attacking cryptos that are trying
to shut all this stuff down. Well, apparently, in fact, the Office of Foreign Assets Control they have delisted tornado Cash here and here. Bilagi stren of us and said privacy wins. Tornado Cash is legal now. Roman Storm and alexey per Stev should immediately be freed, pardon and reimbursed by the state for their invalid prosecution. So those are the founders, of course, so why should they be persecuted. Why wasn't the law enforcement and government folks going after
the bad actors? They can track all that stuff. It's on the blockchain, they have IPA and all that, right, But it was the attack on crypto. But this is great news, guys. Crypto is winning. We're getting clarity across the board, and we're moving in the right direction here. Now check this news out around Meta Planet. The CEO, Simon Gorovich tweeted out Metaplanet is thrilled to welcome Eric
Trump to the newly formed strategic board of advisors. His business expertise and passion for bitcoin will help drive our mission forward as we continue building one of the world's leading bitcoin treasury companies. For those of you who don't remember, I've often shared the news around Metaplanet buying bitcoin. They are using the micro strategy or Strategies playbook where they
are buying bitcoin as a treasury reserve asset. They are a publicly traded company in Japan and once again doing the same thing as micro Strategy raising debt buying Bitcoin. So interesting that Eric Trump is joining their board of advisors. So pretty amazing stuff. Now, this week we shared some news around securitized, the platform that is helping companies to tokenize the help Blackrock to launch your tokenize fund. Well, their CEO, Carlos Domingo, who I've had on the podcast,
he tweeted a recap. He says, it's been an eventful last few days. Let me recap. BlackRock's BIDDLE exceeded one billion dollars and became the largest tokenized treasury fund and is now close to one point five billion dollars. Yesterday we celebrated its first year anniversary. Two our total assets under management is now trending towards three billion dollars. The largest tokenization platform in the industry by far. Number three we launch converge on chain with Athena Labs to bring
institutional DeFi and RWAs together. Number four we hosted Tokenized dot NYC with friends from Wormhole and it was an awesome conference. Number five we won the largest RWA allocation from Spark with five hundred million dollars coming into BIDDLE soon competing against thirty nine companies. Hard work pays off, he proceeds to say that thanks to all the people that securitize for making this happen in amazing guys. I mean,
this is mind blowing what's taking place here. And once again, this is not making big headlines on CNBC or Fox or wherever you get your mainstream news. It's not the majority of people don't even know what the hell is going on here. But we do, and we are early, early adopters, and we have bought the dips, we've bought the blood and streets, the lows, and we have the ability to make incredible returns here. And of course the people who are not paying attention, they're going to be
part of what's called the dumb money crowd. I didn't make that term up. They come in at the top, right with the herd, with the mainstream telling them, oh, look at this, this is going crazy. Great, you should be buying Jim Kramer, right, you should be buying. But that's when we are looking to sell, folks. And this is why you have to educate yourself. This is why knowledge is power. And patch yourself on the back. If you're here early and you understand what's taking place, all right, guys,
that's the news Let me nature think heads up. I'll be publishing my interview with Jasmine Cooper had a product at Ripplex tomorrow. We talk all things XRP ledger, tokenization, on the XRP Ledger, much more. You don't want to miss this one, so it'll be published in the morning. You can check it out and guys, A great way you can support me in the podcast is by subscribing to my free email newsletter. It's one hundred percent free. It's on Substack. Check out my book on Amazon. It's
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