🚨DONALD TRUMP'S WHITE HOUSE CRYPTO ADVISOR PLANS REVEALED! - podcast episode cover

🚨DONALD TRUMP'S WHITE HOUSE CRYPTO ADVISOR PLANS REVEALED!

Nov 21, 202411 min
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Episode description

Crypto News: President-elect Trump team to consider creating first ever White House crypto role. Solana Phantom Wallet moves up in app rank. Cardano Charles Hoskinson meets with folks in DC to talk crypto.
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Transcript

Speaker 1

This is huge. Donald Trump is in talks with the crypto industry to find a crypto policy director for the White House. It would be the first of its kind. And Bitcoin hit ninety five thousand dollars today, what's next? And the Salona phantom wallet has moved up in the app ranking, signaling more bull market vibes. Let's get into it. Hey, everybody, welcome into the Thinking Crypto podcast. You're home for cryptocurrency

news and interviews. I'm your host, Tony Edward. On your way in, Please at 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 five star rating and review. Folks. Today Bitcoin hit ninety five thousand dollars. It broke through ninety four and touched ninety five, but right now it cooled off a bit. It is at ninety four thousand, three hundred and five dollars. We are so close to one

hundred thousand, man, it's so close. But we know it's going to happen. And I have a thesis that Bitcoin wheal want to push bitcoin to one hundred k by Thanksgiving, so that Thanksgiving dinner will be about bitcoin and crypto, and that will kick off a lot of retail fomo guys. I think that's the plan, but I'm sure many of you agree with me that whales who play the market are going to look to do that. But it is so close, guys, so close. We have crossed the price

point of where this thing. The next trajectory is one hundred right. It's not like we're back down at eighty k and it's like, oh, we'll see if bitcoin gets to one hundred k by December. No, we are so close, and we've passed the significant price point of ninety one thousand, five hundred, So one hundred thousand is incoming. Guys. It's so close. And one of the things we continue to see is Tether continues to mint USDT like crazy. Today they've minted another billion USDT. Over the past four to

five days, they've minted four billion in USDT. Circle has minted a few one hundred million of USDC. So why is this important. That's liquidity, that's stable coin liquidity. We'll go into the market bitcoin and all coins, so expect the pump to continue. We look at charts, we look at the macro. We look at the fundamentals, we look at the stable coin supply. We want to look at the market from all angles to make sure we understand

what's happening, folks. Now, another signal of the bullmarket vibes and retail returning crypto wallet Phantom outranks What's app and Instagram among the top free iPhone apps. That's a signal, folks. If you are outranking what's appen Instagram, you're getting a lot of download So Phantom is of course the Salona wallet. There's a lot of memes on Salanas that means a lot of retail people are getting involved and they're downloading this app. So very very bullish, and remember we are

the early adopters. We are on the side of smart money. We bought the dips, we bought the bear market bottom, we dolar cost average in and we're looking to sell the euphoric blow off top to make significant gains. We don't come with the herd into the dumb money crowd. We are the contrarians, which is a minority group of people who are financially educated, buying dips, buying the bottoms and so forth. Right, guys, so very very exciting. What's coming next. Now here's the big news of the day.

Donald Trump's team is considering creating the first ever White House crypto role. This is being reported by Bloomberg. Here is some of the details. I can give you everything because Bloomberg wants you to pay, which is annoying. So the President Alex team is vetting candidates for the job. Crypto industry executives spoke with Trump this week. I reported to you guys that Trump is meeting with Coinbase CEO Brian Armstrong. So he's talking to different people in the

industry to pick the right candidates. That's so bullish, guys. And we know he's going to put a pro crypto sec chair. And there's even talks of Brian Brooks being the head of the Treasury secretary and we know Brian absolutely understands crypto. So Trump's team is vetting candidates to serve in such a role. The people said, if created, it would be the first ever crypto specific White House job and would underscore the influence the Nasson industry stands

to wield in the incoming administration. It's unclear whether there will be a senior White House staff position or crypto zar. So we don't have all the details, but we know this thing is in motion and nothing stopping this strained folks. Trump is pro crypto, the Congress that's coming in is the most pro crypto ever, and we got some legislation that is about to make its way through the Senate. The bull market's heating up. Bitcoin Strategic Reserve bill is

on the table, So many great things are here. Guys, Gary Ginster is going to be kicked out, So I'm excited. This is so bullish. I mean, we are seeing just incredibly bullish news coming out every day now. Charles Hoskinson has been going around meeting with different stakeholders in DC. If you recall, he told us about this in a live stream just last week that he would be going to DC meeting with the Trump administration and different folks to talk to him about crypto. So he added some

contact to this news. He said, with respect to the idea of a crypto zar at the White House, I feel the role needs to be filled with someone who's neutral, works with all the protocols, and has a deep understanding of why crypto is special, as well as that the United States government under Biden has done wrong. There is only one candidate that I think stands out in our industry for this role, and that's Brian Armstrong Wow, the

CEO of Coinbase. He says Coinbase has grown into one of the pillars of crypto and has had to endure the unfair tactics of a government committed to regulation through enforcement. I know he would build a broad tent coalition to bring the industry together and help us get the government

rallied behind real action, including passing new laws. For my part, having worked with the legislative branch in Wyoming to get thirty one crypto laws pass, I'm focusing a ton of my efforts on the House and the Senate to help facilitate the legislative effort that will forever remove the abuses of the current federal government and open the floodgates for

the legacy role to enter crypto. Now, he continues, it's a very long thread, so I don't want to read everything for you guys, but that's the gist of what he's saying. He even posted some photos of him with some representatives in Washington, DC. As you can see here, he posted he had dinner with Senator Tim Scott who we know is pro crypto. He knows about it, he's been talking about it, and he's of course going to be one of the top folks in the Senate, and

that's very bullish for crypto. So, guys, things are moving in the right direction. I love what I'm seeing. Also, Charles has been doing a good job meeting with different protocols and companies like Ripple and others looking to help build bridges with cardonos. So I appreciate what Charles is doing here, really really great stuff. And I think it's important for Charles to do this because here's something I'm worried about, and I've spoken to different folks off the

record about in DC. We don't want a bitcoin maxie to be taking some of these roles. That would be very bad for the entire market. If you get a bitcoin hardcore Bitcoin maxi in there, you know what they're going to do, right, folks. So I'm glad Charles is doing this. I'm glad the folks at Ripple are meeting with Trump and much more in other industry leaders Brian Armstrong of Coinbase, because they see the full market, they understand the need for different blockchains and web three and

how all that works. So we have to watch out. We don't want any Bitcoin maxis going in there. You know what they're going to do, folks. So this is a very smart move by Charles. Now here's some interesting news coming out of the SEC checks in the mail. SEC to partially reimburse investors in online advertising blockchain startup Bitclave. I've never heard of Bigclave, but essentially they did an

ICO back in twenty seventeen. They raised over twenty five million dollars and the SEC is distributing millions of dollars I think around twelve million to folks who invested in it. Now here's the thing. I don't have all the details here. However, if the SEC just went after them for doing an ICE, that's wrong because we don't have clear rules and there's

tons of companies that did icos. If the SEC went after them for doing fraud or stealing people's money, then yes, the SEC is in the right position protect investors weed out scammers, right, But it doesn't seem like that's the case here. I think it's the former, and that is they just simply did an ICO. The SEC was like, oh, we don't like that. We're gonna take you to court and we're gonna take the funds and give it back to the users. So I don't know if the SEC

caused this company to go out of business by doing that. Right, we've seen the SEC go around shaking down companies and that's not right. They need to provide clear rules of the road. They need to make a pathway for like hester Perth suggested, a regulatory sandbox. Okay, you think your coin right now maybe under or falls under the securities umbrella. You need to come in register will help you to get to a non security place. You have to be

more decentralized, YadA YadA. That should be the process, right, should be an updated Howie test and all these things, because guess what, These tokens are distributed global lead on blockchains globally in certain jurisdictions and countries viewed them as virtual currency. So in the United States has securities, but in every other part of the world there are virtual currencies and people outside the US can partake, but we can't.

You can't have this nonsense. This is ridiculous. So we need to have clear rules and we need to have the SEC in the US government work with these companies have figured us all out because it's bigger than the United States. And if you just go after companies in the US but not outside, and you only stop users in the United States and using it, but in every part of the world they can access it, that that's

not fair, right, That is a nonsense. But like I said, the nuance here is that if this company was scamming people, if they defrauded people, they stole their money, whatever it is, like sam bang your freed or something, then they deserve to be punished. Right, you break the law, but we need clear regulations. But we know that's coming. Congress has

pass the bill out of the House. There's one that's going to be making it through the Senate, hopefully in the lame duck if not in the middle of twenty twenty five. And stable coin legislation as well. So things are going to be cleaned up and all this craziness on the SEC is going to stop. So but just let you guys know. I don't know if any of you participated in the bigclave Ico, but apparently you would have a check coming to you, so we shall see.

All right, folks, that's the news. Let me know what you think. Be sure to check out our sponsor, Uphold, a great place to buy bitcoin in all coins. I've been using them since twenty eighteen. They have three hundred plus cryptocurrencies a lot of great products, so check out the link in the description go sign up. Also, be sure to sign up for my free email newsletter on substack. It's one hundred percent free. And grab a copy of my book, Rethinking Crypto. It's available in Amazon and paperback

in digital. Thank you guys for watching. I appreciate you all, and I'll talk to you all later. Tak tak

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