The SEC has acknowledged the XRP ETFs in addition to dogecoin ETFs. This is very bullish for the approval process, and Ripple CEO goes to Washington, d C reporting that crypto legislation is making big progress there and Elon Musk's X is looking to integrate crypto very soon. I'll share the details. Let's get into it. Hey, everybody, welcome into the Thinking Crypto Podcasts. You're home for cryptocurrency news and interviews.
I'm your host, Tony Edward. On your way in. Please sit 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, let's start off with the big news and that the SEC is moving forward with weighing proposals for gray scales, XRP and dogecoin ets The TLDR here is they have acknowledge gray scales XRP,
spot ETF and dosecoin ETF applications. And this is the second phase and the phase right before they make a decision whether they approve or deny. You may recall this was something they did for the bitcoins BOTYTF as well
as the Etherorem's bodytf SO. In a nineteen B Dash four form posted on Thursday acknowledging the New York Stock Exchange arcas filing on behalf of great Scale, the SEC asks for those comments to be filed twenty one days after being published in the Federal Register, following that the SEC could decide to approve this, approve or institute proceedings. A nineteen B Dash four filing is the second part of a two step process for proposing a spot crypto ETF.
Once the SEC acknowledges the filing, it will be published in the Federal Register, initiating the agency's approval process. Very big news here, folks, And as mentioned, this is part of the approval process, right, you got to go through these different phases. So the SEC acknowledging this and not rejecting it instantly is a good sign. Now, it doesn't mean it's going to be an instant approval. We have to wait and see if there's going to be any details.
Because one of the things I've been saying, and I've had my guests experts in the ETF market come on and say, is that the SEC has required a futures market before they approve the spot. They did this with bitcoin and e therapy. Now it doesn't mean they can't deviate from that and change their mind. Under the new Crypto Task for US, Paul Atkins, the new chair that they say, you know what, we don't need the futures, but more likely to not they're going to ask for
the futures. So we'll see what they come back with. And if you caught my interview with Matt Hogan of Bitwise Asset Management, which has filed for an XRP spot ETF, we talked about the timeline, about XRP, Salona and much more. That interview was published this morning, so be sure to check it out. He breaks down what the process will look like. But guys, we're making progress and we want to see progress, and things are moving in the right direction here for an x RP ETF, dose coins, Salon
and much more. Obviously, x this cycle has a lot of enthusiasm, a lot of people are bullish on it, and I want to share some examples because we're seeing that even the biggest haters like Da Vinci and Mike Novograts and all these guys are coming out saying positive things about XRP. Now, remember they were trashing it, making fun of it, saying the most negative things, and now
all these haters are capitulating. That's number one. We're also seeing mainstream influencers and YouTubers are highlighting XRP as an investment. For example, Andre Jick, who has two point five two million subscribers, did a video yesterday on XRP. Now he's done a video in the past, but this is another one, and he titled it why XRP could hit one hundred dollars. So people who are not cryptospecific channels or cryptospecific influencers
are talking about XRP. Very different this cycle, guys. So this is why I'm very bullish in XRP. I think it's going to do well. You got the ETF and of course the price has been doing really well. Xrp's being one of the leaders in all coin market, obviously showing significant growth. Bitcoin maxis are crying, haters are capitulating, and mainstream folks are picking up on this investment. So XRP, as I've been telling you guys for a long time, I think it has room to go up to five
dollars or higher. Could we see eight to ten dollars. It's possible. It just depends on how the bullmarket goes. There are no guarantees or certainties, right. If anyone tells you it's guaranteed to get to this price, watch out right. If they know the future, ask them for the winning lottery numbers next week. That would be great. So XRP obviously hit its old all time high, broke through just a bit, so that's very good. And it's been once
again a leader, and I expect further upside. And the ETF approvals and all these things are just going to add more fuel to the fire here, so I'm very bullish on XRP. Obviously, there's other ETFs that are getting acknowledged and Nature Raci of the ETF Store said, the SEC has now accepted filings for Salona, x RP, doge coin, and like corinytfs, no idea if these get approved. My guess is they will. You may hate some or all of these crypto acids, but this is what a constructive
regulator looks like. Engage debate, learn such a breath of fresh air. Essentially, he's saying this is a one to eighty from scumbag regulator Gary Gins here, right. Remember, the SEC had to get sued by Grayscale to even approve a bitcoin ETF, and the judges had to call the
SEC arbitrary and capricious, ridiculous stuff. Now they eventually approve it an ETHERREMYTF, and I think they under this new administration, with the Crypto Task Wars Paul Atkins coming in as a chair, they're going to prove these other old coin ETFs. It's a matter of when not if, so this could happen a bit later in the year. But guys, the ball is rolling and it's very bullish. I hope you
see what's happening here now. Ripple CEO replied to a tweet thread that the SEC acknowledged the XRP nineteen b dash Forth filing, saying I recall pointing out more than once that this is inevitable, despite some vocal assertions to the contrary. He also tweeted out that he was in Washington, d C. Yesterday and he said he walked away from DC yesterday with the feeling that there is finally an incredible opportunity to advance meaningful bipartisan legislation that establishes clear,
constructive and pro innovation regulatory frameworks for crypto. He said thank you to these leaders and he posted photos with him. Senator Tim Scott Richie Torres, Democrat who supports crypto. By the way, Bill Heizinga, who I've had on the podcast, represented Timmins, Zach Nunn represented Brian Steele and others. Pitchard bo Hines, Senator Schumer, Democrat who supports crypto, Catherine Clark and French Hill, who I've had on the podcast, and I should be having him back on very soon. He's
now the chair of the House Financial Services Committee. Guys, things are moving ahead in DC and great to see Brad is out there. And I'm sure there's other crypto CEOs also out there. So I'm so excited for this year. We're going to get legislation. I know the price is a bit depressing right now, but this is part of investing. You got to go through these consolidation zones, this rollercoaster ride, and this is where you've got to check your emotions
and be patient, you know. Warren Buffett has the quote saying the stock market is a transfer of wealth from the impatient to the patient. So when in doubt, zoom out have a macro view of the markets. Guys. Quick word from our sponsor, and that is v chain, which is one of the top layer one enterprise blockchains out there, building Web three applications with many big brands and enterprises. I've been an investor in the vet token, which is
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dot org. Link will be in the description. Now, folks, check this news out. Fireblocks executive says Elon Musk. X Money expected to be crypto ready by the end of this year. I think we all notice is coming. Elon Musk absolutely understands blocking technology payments. The man you know, helped found PayPal, and he understands crypto Tesla holds bigcoin in his balance sheet. Elon personally holds dochecoin, Bitcoin in e theorem, and he's hinted at different things and talked
about crypto in different ways. So his vision for exes to make it a payments app, and eventually he wants it to be the What's App of the United States, right, So he's going to integrate different crypto payments. We have to get the details on c but you know, Fireblocks SVP of Payments, Ran Goldie told The block that from what he's hearing, x money is expected to be crypto ready by the end of twenty twenty five, although there
was no mention of crypto. Last month, Elon musk x money partner with Visa to enable transfers between digital wallets and bank accounts in addition to peer to peer payments. Now many of you know, Visa integrated stable coin payments and they're testing a whole bunch of stuff with blockchain, so very very interesting. So this is just a matter
of when not if it's coming. Guys. You know, Elon is up to something here and he's going to try to make this platform x which is formerly Twitter, into this all in one app for finance, social media and all that jazz. So very very bullish. Now Framework Ventures leads twenty million dollars Series A for stable coin firm Plasma. So the investments, the mergers, the acquisitions continue, guys, healthy signs of a bull market and a growing industry and
asset class. Lasthma is building out a blockchain that's specifically built for tethers USD pegged stable coin USDT to enable more efficient transactions. The firm plans to use its funding to continue developing the Plasma blockchain, which is an EVM compatible Bitcoin side chain to facilitate USDT transfers with no fees. Very interesting. So you're seeing a lot of innovation, a lot of ideas. I've been telling you guys for a while. You have an idea, you want to build something. You're
an entrepreneur. Now's the time to go pitch it to many of these hedge funds and firms. You will get money, You get capital as long as your idea is good, of course, but you know you can even get something at like five million or ten million to start off. With their companies getting huge funding rounds. I'm talking sixty seventy million dollars in higher so an exciting time. You know,
it's amazing to watch this unfold. We saw it in Web two point zero and Web one point zero, so it's happening here in Web three Crypto dot Com, which is of course aypto app slash exchange. They have received regulatory approval to provide crypto services to all European Economic Areas or the Member States European Economic Area Member States, So the expansion continues, folks. Final news item here, This one is interesting. Memestock favorite game Stop considers investing in
bitcoin and other crypto. Essentially, they're looking to put it on their balance sheet right, kind of using a micro strategy model. And now I don't think they're going to raise debt, but this is fascinating. I think we're going to see more and more companies do this. Guys. GameStop has this massive following obviously with the stock and everything that took place back in twenty twenty and twenty twenty one. But let's see if they actually go through with it. It
looks like they're exploring. They said here, game Stop is exploring investments in alternative asset classes, including crypto and in particular bitcoin. Three sources told the business news outlets. So if they put some bitcoin in their balance sheet to retain the purchasing power of the actually have I think it makes sense, right, diversified because the basement inflation is going to continue. This is the fiance money system and that we live in, and this is why we diversify
into assets. Now. I've often stated, yes, you can invest in real estate, the stock market and precious metals. Gold is ripping right, But nothing moves like crypto. As billionaire Paul Tudor Jones said, it's the fastest horse in the race. Nothing gives you a return like this. So, guys, that's the news. As mentioned earlier, be patient. Patience is a big part of investing. Control your emotions. I've often stated when the market's down like this, I don't look at
my portfolio. Guys, I've not looked at my portfolio like a week because I know the psychological impact. I know my funds are safe. Yes, you can usually, like you know, check in and make sure everything's okay. But I don't sit there scrolling, Oh this coint is down. Oh man, this is right. There's no point as long as I'm basing my thesis is based on data, not emotions. That we are still in a bull market based on the data, the unchain data, the signals and the carriers and so forth.
Then I don't have to worry, and I have a cash out plan so I know what to do next once the market starts pumping. So you got to be prepared. You got to mentally prepare yourself if you want to make good money in this market. Guys, you've got to make the investments. Skip the Netflix show, right, Sometimes you got to skip going out and just sit down, write out your plan, study the charge, study all these things. That's why I created a crypto course to help people
learn as much as possible by crypto. It's at mycryptocurse dot com. It's a comprehensive course that covers every aspect of crypto. It includes expert commentary from CEOs, founders, institutional investors, and much more. It includes videos, downloadable materials, text write ups, one time fee for lifetime access. Go at your own pace and expand your crypto knowledge, guys, because knowledge is power.
And I went on this journey of learning and it helped me to make significant returns and this bull market cycle, I'm going to be pretty happy with my profits. I'm already happy with where my portfolio is because it's up from the bear market, but I know there's another leg
up here and I'll be taking profits. And I told you guys, some of that money pay off debt, some of it goes into retirement, some of it I'm going to use to help family, and then some of it I'm going to reinvest in the bloody bear market because I'm going to ride the wave again to the twenty twenty eight bullmarket. Guys, hope you see how I'm approaching this and how I'm thinking about this macro view, gaining as much knowledge as possible and having a plan, a strategy.
That's how you got to approach it, folks. Guys. Another great way you can support me sign up for my free email, Loser. It's one hundred percent free. It's on substack. Also, grab a copy of my book, Rethinking Crypto. It's available on Amazon and paperback in digital. Thank you guys for watching and listening. I appreciate you all, and I'll talk to you all later.