🚨CRYPTO HOLDERS! PREPARE FOR A BULL RUN AS THE FED CUTS RATES!

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 at 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. The big news of the day, as I'm sure many of you saw that Jerome Powell, the Chair of the FED, announced at Jackson Hall, Wyoming that the time has come for the FED to begin reducing interest rates. And we knew this was coming, but it's official, right We got it straight from the horse's mouth, and of course many folks are anticipating the first cut to come in September. So what does this mean for markets, guys, Well,

right now Bitcoin is pumping off that news. It is over sixty four thousand dollars nice green candle on the daily chart, and the DXY, that dollar currency index, is crashing hard. It is at one hundred right now. Just red candles, red candles, And that's what we want to see, because when the DXY is crashing, guys, there's an inverse correlation where risk assets like bitcoin and all coins are pumping. So that's an ideal situation for the continuation of the

bull market and for us to see parabolic moves. Now, if you read my email newsletter today, I shared a great chart where I showed that when the DXY falls below one hundred, it's completely risk on folks, and that means we're going to see a lot of apple will come into the crypto asset class as well as the

stock market. And one of the things Nate Jerraci and I spoke about in our recent interview is that a lot of money is going to leave money market funds, which was generating a lot of high yield or interest because the rates were so high. But if the rates are getting cut, you're not going to make as much. So people are now going to move a lot of those funds into risk assets like bitcoin, crypto and the stock market, and people will see this as a bullish sign.

So the market sentiment in psychology is going to change because we're now headed to the next boom cycle. We have officially ended the quantitative tightening cycle where they are raising rates and the FED is selling many of their securities holdings. Now rates will fall, it will be easier for businesses to borrow money, hedge funds and everybody, and you know, the business cycle will do really well and

people will now look to invest. So there's a whole market psychology to this, right that ray cuts are coming down, it's easier to get a mortgage, all that stuff. You guys understand the economics of it. So we are at the cusp of entering the risk on era guys again, And we've seen these boom and bus cycles throughout the history of the economy. So we're coming out of the bus which was twenty twenty two a bit into twenty twenty three and entering into the next long term boom cycle.

So that's very bullish overall. So you may say, why are you saying we're at the cusp, Tony, isn't it done well? Not yet, folks. And when you look at this bitcoin chart, bitcoin could retest lows again before we have the bounce and keep going higher. I'm not saying I want that to happen. I'm not saying that will happen.

I'm saying it's a probability. As informed, educated investors, we want to leave our emotions at the door and be prepared for different scenarios because Bitcoin could test the lows again, go back down to fifty k. Who knows, it may not. This may be the move that takes us up. It's not going to go to straight line. It's going to be you know, kind of a staircase, right, you're stepping upwards, you're pumping go back a bit, bill support level, pump again,

pull back bill support levels, higher highs, higher lows. You guys know the deal. So that's what I'm anticipating, and I believe the markets will really start to rally significantly come the second half of September when that raycut actually happens, and seasonality wise, we've seen that October into November, December Q four there is a significant rally for bitcoin. The question is will we see the blow off top by the end of this year or will it is bleed

into next year. There will be a blow off top. So right now, as I stated in my newsletter, I'm going to be preparing to cash out, have my numbers and all my price targets set up accordingly for both crypto and the stock market. So that's how I'm viewing this. I hope you understand. As mentioned, check out my newsletter today. It's free to sign up. It's all free you guys. You don't have to pay anything. So I am very bolish, guys,

I am very very bullish. We got the macro signal from the Fed that QT is done, that heightening cycle is done. We're now entering to easy money. We know what that means, lower rates, more money printing and all that. One of the things we've been tracking over the past month, guys, given you know the Japanese end trade and the markets pulled back significantly, is the stable coin volume and minting. We saw Tether just this month minted two billion USDT

and USDC issued by Circle. They issued hundreds of millions of USDC and today fifty million was minted. This is very important because where's this Where are these stable coins going to go? People are not minting it for fun. This is going to go into the crypto acid class. So notice we're looking at the charts, we're looking at the macro, We're looking at different factors like these things, the stable coins supply and so forth, not just for

USDC and not just for us DT, but both. So, guys, I'm seeing some very bullish signals here, very exciting times. I hope you are as bullish as I am. Now we got news here that Sony Detect Giant they are teasing the launch of an Ethereum Layer two blockchain with Startail Labs. Folks, it's amazing. You have the biggest companies in the world, whether they're in their tech sector, the finance sector, whatever, they are adopting crypto. They're building with it,

they're launching financial products. We've crossed the chasm. It's amazing. Who's here. I am still waiting for Michael Dell to tweet out Dell has officially added bitcoin to their balance. Youet I've been sharing this with you guys for months now because Michael Dell has been tweeting about bitcoin, and it's amazing to see these legacy companies do this. It's very bullish. So global conglomerate Sony Group's joint blockchain venture

with Startail announced the development of Sonium. If I'm saying that right, s O N E I U M. It's first Ethereum layer two blockchain that focuses on scalability and user friendliness when an aim for mainstream adoption. Sonium, upon launch, plans to deliver Web three apps across a multitude of feels, including entertainment, gaming, and finance, leveraging Sony's global Web two

presence Sony block Solutions Labs. In a statement, Sony Group has strong distribution channels and multiple industries and existing users in our daily lives. Soda Watanabe, founder of Astor Network and director of Sony Block Solution Labs, said in the press release, through Sonium, we will make something people want to go mainstream beyond Web three. Now, I don't know if this is going to have a token. They don't mention that here, but this is nevertheless bullish. It's going

to be built on. It's going to be a layer two to Ethereum. So if you hold the Eve token, this is going to benefit you, of course, and I'll try to get more details here. The other thing that Sony is working on, it was reported, is that they're preparing to launch a local cryptocurrency trading platform in Japan. Guys, I hope you are as bollish as I am. I am seeing incredible things happening here in this market. Now here's a quick word from our sponsor. Check it out.

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This is coming from Comerceant, so we are seeing the global adoption of crypto. Whether you love or hate Russia or you know, all these different things. The point is, I'm not trying to endorse any type of country. I'm just stating the facts of adoption, who's building, who's launching, what they're doing. And we know Russia is trying to bypass sanctions by using specific stable coins. They've even legalized crypto for cross border payments. So something very interesting is

cooking up here, guys. But this speaks to where we're headed, and that is a world running on blockchain, whether it's currencies on the blockchain, tokenized assets, and much more. Everyone is joining the party in one fashion or the other. And it's amazing to see that Russia is doing these things. And once again, the politics of Russia in Ukraine that's an entirely different situation. But big things are happening globally, and global superpowers are making big moves. It's pretty incredible.

Now we got some big updates around the SEC lawsuit against krack in exchange. We know the SEC, led by scumbag regulator Gary Ginser, has been targeting coin based kracking, Robinhood and much more, and Kraken's been fighting back, which is what we want to see. The industry's punching back. So we got news here that their motion to dismiss in the US SEC case was denied. But this headline is a bit deceiving. Let me give it a details.

There's actually a big win for Kraken here in the crypto industry, so Marco Santori, who's the chief legal officer at Kraken, said today the Federal Court for the Northern District of California ruled as a matter of law that none of the tokens trading on Kraken are securities. So, folks,

that is huge. It is a stark contrast to what Gary Againster is trying to pedal that all these things are securities, right, and they throw a bunch of tokens in these lawsuits, they don't litigate, eat and give each of those tokens due process. So this is a significant win for Kraken, for the principle of clarity, and for crypto users everywhere. It also confirms Kracken's long standing position

that it does not list securities. Furthermore, the courts found the SEC's self serving invention of the crypto asset security concept to be unclear at best and confusing worse. The court called out the SEC straw man tactics too, wondering aloud on the record, why the SEC consistently mischaracterizes Kraken's position as requiring a written contract for there to be a security. I guess why. Because Gary Ganser is a scumback. He will lie in the courts. The SEC got subpoena

in the death death box case. They got called arbitrary and capricious in the Gray Scale case. So what can we expect, right, Gary's going to do anything. He'll break the law just to get his way here, Marco continues, Yet the court still permitted the case to proceed to discovery. How read on Fundamentally, the court in Kraken's case made the same distinction as in the Ripple case. A token isn't a security, but arguments around a token could be.

So it's as Judge Torres ruled right, the token itself intrinsically is not a security, just like the orange groves or the oranges and the how we test were not securities. Rather it was how we packaged them. So it depends on the facts and circumstances. But the SEC likes to have it both ways. They like to throw out facts and circumstances. But we know that the token just creating a token itself that is not a security, but how is it offered? So what's the scheme around it? Right?

So the sec unqualifiedly loss on this tokens are securities theory and will not be permitted to rely on it going forward. That is huge, folks. Instead, it will need to prove for every alleged transaction on Kraken that the Howie test factors are satisfied. Now, a bunch of different people weighed in. I want to share what James Murphy metlaw Man had to say because he absolutely gets this from a legal perspective. He says, to put the case

in proper context. Remember, there are no allegations that krack and defrauded anyone, so this is not a fraud case, guys. The crux of the case is the SEC alleges that the eleven cryptotokens are traded as investment contracts ie securities. This includes Cardono, Algoran ADAM filecoin Flow, ICP, Manimatic, near OMG in Solana. He says, as I read the opinion, I sympathized with the judge as he had to sift

through a lot of conflicting crypto case law. That is being developed as a consequence of the SEC scattered regulation by enforcement approach. Interestingly, the judge specifically aligned himself with the reasoning of Judge Torres and the Ripple case. On a number of points. The judge rejected the major questions doctrine defense. Quoting another case, he wrote, the cryptocurrency industry falls far short of being a portion of the American

economy bearing vast economic and political significance. That's interesting, James says, I wonder whether he noticed the recent headlines declaring that the crypto industry is the single largest political contributor in the land. Ultimately, the judge concluded that the binding Ninth Circuit case left him with little choice but to allow

the case to move forward. At this point, James says, winning a motion to dismiss at the onset of a case is hard, So it's not a big deal that the judge is letting this move to discovery and going on right that happened in the Ripple case and so forth. This means the case will move on to discovery directed at the question of whether the eleven tokens in the case are traded as investment contracts. This discovery and potential trial will happen without the presence of the eleven token

issuers as parties in a case. So this is what I've been talking about. Guys. See SEC just throw a bunch of tokens in not litigating each of those tokens, not giving them the legal due process. That is a scumbag move. James says, My overall impression is that the judge felt that the SEC did satisfy the requirements of how we at at this early stage, but he is not necessarily convinced that the SEC will ultimately be able to prove sufficient facts to show that these tokens actually

traded as investment contracts on rackin. So this is very similar to the Ripple case. XRP intrinsically not a security. X AREP traded on secondary markets on exchanges, not security. But they said that the institutional sales which involve the contract are security. So facts and circumstances. Gary Ginster getting exposed and this is why we got to keep fighting. This is why the industry is punching back as they

see weakness, they see lies, they see unlawful activities. We know Gary's doing this because he's doing the bidding of Elizabeth Warren, who's doing the bidding of tratify, incumbans who want to kill these cryptos startups, these exchanges so they can come in and take over. Right, I've often talked about how can two things be happening in parallel, cryptos startups getting lawsuits, wells notices, while Black Rock, Franklin, Temple's and Fidelity and all these guys are tokenizing, are launching

ETFs and much more. Right, how can these two things be happening in parallel because the incumbents made the phone call to the Goldman Sachs guy who's at the SEC, and that is Gary Ginzer. If you don't believe that, if you think that's a conspiracy theory, then you don't know how the world works. I don't know about the revolving door of Wall Street and Washington, DC. Just go look it up. It's there. Gary's an example, look at Hank Paulson. There's many examples, guys. And it really sucks

that these things happen. But this is why we got to hold our government accountable. We got to share the facts, call up our representatives, and much more. But one thing's for sure, Crypto's here to stay. Cryptos winning Gary will be kicked out and the SEC is on the losing side of history here with Gary Ginser. So they may put up roadblocks and try to slow us down, but we're ultimately going to win. We're getting the major victories in the courts. Guys. Now, it's costly, these these exchanges

have to pay a lot of money. But I think, like I said, the industry is now going on the offensive. Not only are they countersuing and fighting back, they are proactively launching lawsuits against the SEC even if the SEC is not engaging with them. There's a lot of that happening. So I'm sure the legal department at the SEC they're head they're spinning a bit here, and an entire industry

is ready to fight back. So this is a big update here for the entire crypto market, and that the judge is saying, hey, these are not securities as is, so that's a big loss for Gary. All Right, guys, that's the news. Let me know what you think. Leave your thoughts and comments below. Don't forget to sign up for my free email newsletter on Substack. Link will be in a description. Also, please grab a copy of my book Rethinking Crypto. It would be a great way to

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Links will be in the description. I appreciate you all, Thank you so much, and I'll talk to you all later. Task Past the task pos