SEC CHAIR SAYS HUGE CRYPTO RULES IS COMING SOON!

We are still in no man's land, sideways chop hell, we are not seeing any type of price action. Bitcoin did move up to about seventy K, I believe earlier today and even yesterday, but there's no definitive move to the upside or downside, and of course bears are calling for a further downside. There is the possibility that a relief rally continues up to about eighty K before rolling over,

but we're gonna have to wait and see. As we've been highlighting with the macro uncertainty of the war, and you know, Trump posts something negative, it could send markets tumbling.

So it's a really tough time in the markets. But look, it's the bear market, and there's certainly accumulation opportunities here, and this is where you have to have the long term view on what's happening in the markets, because even the stock market is seeing weakness, and I anticipate that we could see further downside for both the stock and crypto markets, but of course that's not going to be

the case forever. There will be a bottom and then we're going to start moving back up into a bull market. So patients is the key here now, folks. Very big

statements coming out from SEC Chair Paul Atkins. He was speaking at a summit today, in fact, the Digital Assets and Emerging Tech Policy Summit, which was held in collaboration with Vanderbilt University as well as the Blockchain Association. Well, he said they will the SEC will propose a reg crypto for token fundraising soon under the thirty three Act. Talking about the nineteen thirty three Act, will it will

be open for common as well. Atkins says we will soon have innovation exemption for use of DeFi under the thirty four Act. So the SEC and the CFDC are front running the Clarityact right which is stuck in the Senate right now because we're still waiting for a banking

stable coin yield compromise. But that's not stopping the agencies which would have had to do this rule making anyway, right because the Clarity Act would essentially give the mandate, But they're doing it ahead of time, which is really really bullish and really great. So things are moving ahead on this front, and I think having these agencies provide the guidance regardless of where the Clarity Act is is very important because the agencies, like the SEC and the CFDC,

they do the enforcing right. It's not so much Congress passing a bill. It is the agencies who have to take action. So the fact that they're giving this clarity is really great. Many of you may recall recently the SEC gave clarity on which crypto assets are securities. They gave four categories, right, and they also talked about tokenization guidelines that will be coming soon, so really great stuff. Here. Eleanor Terrott gave some definitions of what reged crypto means.

She said it refers to a proposed capital raising exemption in the Senate's version of the CLARITIAC Section one oh three that would create a new exemption under the Securities Act of nineteen thirty three. It is designed for crypto projects that want to raise funds from investors, distribute tokens,

and work toward decentralization. So this is a key, key guideline here, guys, because this goes back to why Ripple was sued and all the stuff that went on under Gary Ginster even before Gary Againster with Jay Clayton and much more Ryan. So this would be the pathway for many companies to launch their own tokens, and I anticipate we're going to see big companies launch their brand tokens,

new crypto projects coming out. They register with the SEC, they do what they got to do on how much money they can raise, if there's a cap on the amount of toeins, all that stuff, right, We obviously need the details, but this is really good. This is going to allow for more innovation. Eleanor says the new reg crypto exemption would contain a bespoke disclosure framework and a

cap on fundraising. According to Paul Atkins, the SEC is working on its own version through rulemaking while the Clarnyact moves through Congress. So obviously we need the details. But I know Chair Atkins hester person the team there, they're working in good faith to find the balance regulations here. And you know I've had many guests on the podcast where we talked about the meme coin type of setup. I wonder how they're going to regulate that, even though

they said that's not a security. In addition to, you know, what are the fundraising models that could come out here and how can maybe banks do that or different entrepreneurs or different companies. Right, there's a lot they need to define and give information on. But this is really really the important for the future growth of the market. So very very big news here. Now, look at this JP

Morgan's Jamie Diamond. He's, of course the CEO sees new competitors on blockchain and stable coins, of course he does. But JP Morgan's going all in. They've been building and tokenizing and doing a lot with their own stable coin, if you want to call it that the jpm coin, I believe it is, and they have connectus and much

more so. In his annual share letter on Monday, Diamond identified artificial intelligence, data and advanced technology as key to the future, signaling a shift toward more automated, data driven financial services. While blockchain and digital assets were not essential focused. Diamond acknowledge that a whole lot of news set of competitors are emerging based on blockchain, which includes stable coins,

smart contracts, and other forms of tokenization. The comments come as JP Morgan continues to focus on its own blockchain initiatives, and as Diamond emphasized that the bank's long term success will depend largely on its ability to deploy AI across its operations. So we know JP Morgan's all in right, and despite what Jamie Diamond was saying for years and now in his annual letter he's highlighting blockchain, staple coins, tokenization.

So we've come a far away all these naysayers and detractors and all of them have bent the knee Jamie Diamond, Vanguard and many others folks. This episode is brought to you by I Trust Capital, which makes crypto investing easy via an IRA. In I Trust Capitals IRA, you can invest in over ninety crypto assets bitcoin, xrpe Theorem, Salona, and much more. And you can invest in precious metals like gold and silver, and you get huge tax advantages

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It's I Trustcapital dot com, slash Go, slash Thinking Crypto. If you use my link, you can get one hundred dollars funding bonus, So check them out. Link will be in the description. Now, folks, look at this news. Circle

is planning to launch sir btc. Cir btc, a one to one bitcoin backed wrapped token built for institutional DeFi. So Circle obviously the second largest staple coin issue with USDC. They've been doing a lot of innovation. They're obviously public now and here's another example of their innovation. So they're doing this DeFi wrapped bitcoins and it's for institutions, so really really great to see this happening. And it's essentially building the bridges for these institutional players to bring in

more capital into the market. Right, that's what's being built across the globe. Retail already has the access not only with native crypto firms and apps and exchanges, but also you know those general investing apps like robin Hood and PayPal and public and much more. So. This is really great. Here's an example of how blockchain is just being implemented globally.

China's tax authority urges bank to implement blockchain for lending services. So despite China's smokescreen of banning crypto and this and that throughout the years, they are very bullish. They control Hong Kong, and Hong Kong is one hundred percent in support of crypto. They have ETFs, they have banking services for crypto companies and much more. And I believe eventually the ETFs in Hong Kong will be open to mainland China.

So let me give it to details here. China's tax and financial regulators on Monday urge banks and local authorities to use blockchain and privacy computing to upgrade the bank tax interaction model and expand financing for small businesses. The State Administration of Taxation and National Finance Regulatory Administration said in a joint policy notice that banks and taxpayers should standardize data sharing and reduce information asymmetry between tax authorities,

banks and enterprises. The report also urges banks to improve credit models, enhance credit approval efficiency, and increase the supply of financing services to honest tax paying enterprises. The directive aligns with China's broader effort to integrate blockchain into data infrastructure. Following a National Development and Reform Commission roadmap released in January twenty twenty five targeting nationwide implementation by twenty twenty nine.

Shen Zulin, the deputy director of the National Data Administration, said in a January twenty twenty five press conference that China expects blockchain based data infrastructure to attract four hundred billion yu wan about fifty eight billion dollars in yearly investments. So across the globe, every country is integrating blockchain in one way or the other. It's what we've been talking about on this podcast for years that the future capital markets, economies,

and governments will all run in blockchain rails. That is where the punk is heading. And to see a country like China, you know, embracing these technology. We know they've already launched their digital Yuan, and there were even papers years ago done about they want to make Shanghai a very pro tech and Web three friendly city, and they're looking to integrate web pree technology obviously blockchain technology. So it's amazing what's happening. And this is why I'm bullish

long term. Now final news item. The future of institutional

crypto runs through prime brokerages. So this is an opinion piece and the chief product officer at Signum and his name is Dominic Lohberger. So counterparty risk in crypto markets has always moved in cycles. Exchanged default or get hacked. Standards tightened for a while, then complacency quietly returns as losses are forgotten. What is happening this time is different. Leading traditional financial players entering crypto must adopt practices from

established financial markets for the first time. The infrastructure exists to enable them to do so. They can mirror assets held with regulated custodians onto trading venues without ever depositing on exchange. This is a lasting change in how serious money actually moves through digital assets, he says. Here to separation of powers considered the mergers and acquisitions deal flow, Ripple deployed one point twenty five billion dollars to acquire

Hidden Road. Hidden Road is a global multi asset prime broker. This was the largest acquisition in crypto history. It signaled that institutional trading infrastructure is where value will concentrate. Standard charters building a crypto prime brokerage under its own venture arm. These are infrastructure bets by firms that see where the

market is heading. So I think he's right here because you're seeing the convergence of crypto and trade and the things we've talked about for years that the setups, the white globe service, the bells and whistles, the moving parts and components that exists for tradify will be built for crypto and that will happen through acquisitions and mergers and things like that. And you know, the example he gave here was with Ripple right, and they've been doing a

lot with Hidden Road. So it absolutely makes sense. And I think we're going to move away from exchanges, and not to say that exchanges won't exist at all, but just the masses, the billions of people who have not gotten access to cryptoet they're going to come through these prime brokers and much more so. He said, for most of crypto's history, exchanges have played every role at once, from trading venues, custodians and clearinghouses, exchanges played them all.

That conflation of roles was a necessity in bigcoin's earliest days. It was never going to survive institutional adoption at scale, so I think he's right, and he referenced you know, the FTX collapse and the bybit hacking much more so I think he spot on. And you know I've given the mock scenario years ago, you know, just for fun, like mister Jones. This is Dan from JP Morgan. You banquet us. We now offer a crypto investment and guess what,

you don't have to do anything. You just let us know what you want to invest in and we'll take care of everything. We'll send you to reports, we'll custod it for you. That's what's coming folks, right the banks are going to be calling up your mom and dad, your aunts and uncles and others who you know are not necessarily going to go on coinbase and by crypto, they're going to go through these institutions that they know. So I think this is spot on, folks. That's the news.

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tuning in. I appreciate you all and I'll talk to you all later