🚨SEC GARY GENSLER DEFEATED IN DEBT BOX CRYPTO CASE & ETHEREUM SPOT ETF APPROVAL IN MAY?

The SEC and Gary Ginser are dismissing their case against Debt Box after the judge threatened a sansion against SEC attorneys. This is another major loss for Gary Ginser and many attorneys are weighing in and Standard Chartered Bank is predicting that the SEC will approve the Ethereum spot ETFs by May of this year. Is that possible? Well, we're going to break it down. Let's get into it. Welcome to The Thinking Crypto Podcasts. You're home for cryptocurrency news and interviews.

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Tomorrow is of course the FOMC meeting. We will hear from them on their decision on whether they're going to keep rates, pause or start cutting. This is important because we are looking at the macro and the correlation between macro and bitcoin in the crypto market. So that's why this is important, folks. Because global liquidity and fast easy money, cheap money and the money printer going burr all impact the markets, so we'll keep an eye on that, and

of course i'll bring you to updates tomorrow. What we're seeing for bitcoin is

that there might be a rejection right now, and it's in line with what I've been saying that I believe bitcoin is headed down to between thirty to thirty five K. I don't know at which price it finds the support. Hopefully it's at thirty five K. I've got some buy orders in place, so let's see what happens. One analyst here is charting it really well. He's

been correct so far. His name is Neste and here he's using the Fibonacci models as well as the Elliott wave model, and we're seeing we're at that wave B, which is then headed to C, which is down where it's so we'll see what happens. Look, no one has a crystal ball. Well, we have to form a thesis. We have to look at both the bearish and bullish scenario. So we're not ignoring any of these, and

we're looking at which has the highest probability of playing out. And as I've been stating, guys, macro from a macro standpoint, we are going to new all time highs. I think we hit eighty k if not like seventy five k this year, where that's going to be the all time high for this year, and then I think we hit higher highs the blow up top next year, which I think crosses six figures. Now, not a guarantee,

not a certainty, but I think a high probability. So be patient, use the pullbacks, use the dips as an opportunity to dollar cost average in. Now let's jump into the news because today the SEC took another big

loss folks. Here. Eleanor Tarott of Fox Business reported the SEC has just filed a brief in the Debt Box case saying that it intends to dismiss the lawsuit against the company. The SEC is choosing dismissal rather than face possible sanctions from the judge for misleading the court in order to secure a restraining order and asset freeze against Debt Box. Another big fat loss for a scumbag regulator. Gary Genzer, I've been telling you guys, we are dealing with a scumbag.

We're dealing with people who are corrupt. They don't care about the law. All they care about is shaking down companies for money and gaining more power. And this may be a symptom of big government. Right. We're seeing different government agencies just running amok. But the SEC, you know, they've kind of had this power for a long time, and you know, it's

almost like absolute power. It corrupts, right, But you know, thankfully the judicial branch of the government is coming through here, not putting up with the bs and lies and hypocrisy of the SEC. Eleanor also added some additional notes. She said, adding to this note that the SEC has dismissed the case without prejudice, which theore medically leaves the door open for the agency to come back and fill a new suit against Debt Box in the future. Expect

comment from the judge on that. Second. If a dismissal is accepted by the judge, it doesn't necessarily mean the agency escapes scott free. The judge could choose to impose monetary sanctions on the agency from misleading the court. Boyd, I hope this judge comes through and does that. We need Gary Ganser

to be exposed. We've been seeing constant lies the appellate court. Those judges said the SEC acted arbitrary and capricious, I mean unbelievable, right, and then Indie Ripple case, which we know the SEC lost the line's share of that case. Judge Sarah Nepburn said the SEC lacks faithful allegiance to the law. These are words coming from the judges. It's not some YouTuber or some random guy on the Internet or somebody tweeting something. This is coming from the

courts. This is why I've been telling you guys for years, we're dealing with a scumback regulator. Gary Genser is on puppet strings being controlled by Elizabeth Warren. Elizabeth Warren's being controlled by the banking incumbents such as Jamie Diamond and many others. That's what's happening here. We are in the then they fight you phase. This is why they're ignoring the law. This is why they're

lying. This is why there's hypocrisy on their part. They're trying to slow down this technology as much as possible, kick out the startups like Coinbase and Ripple and so forth, so that the Wall Street banks can come in and takeover. It's pretty clear what's happening, right. You don't see black Rock getting a wells notice. You don't see Fidelity getting a wells notice even though

they've been in crypto for a long time. But look at what's been taking place, right, all of them are launching ETFs, all the Wall Street firms, while the crypto startups are getting sued, while the crypto starrups are in a fight for their lives. Right. Pretty clear what's taking place. And we don't have full regulations yet from Congress. Obviously they're working on it

now. One attorney who works for being Capital Crypto, she confirmed that, look, the dismissal won't save them from possible sanctions, so the judge can really come through here, give Gary againster another big fat l in his face. I hope that happens and the SEC also has to pay fines and this would be another once again big loss with the SEC. Here Attorney John Deeton wade in he tweeted at Gary Aginser and he said, Gary Ginser, this

disgrace falls under your leadership or the lack thereof. First year lawyers were described by a federal judge's hypocrites lacking faithful allegiance to the law. In a ripple case. Later, the appellate court ruled your denial of a spot Bitcoin ETF

was arbitrary and capricious in the Great Scale case. Despite those incredible findings, findings that would make any lawyer or leader cringe from embarrassment and humiliation, your agency's lawyers continue to act with a complete disregard for the truth and for justice. Now you run away, attempting to shield your unethical lawyers from facing the very law to uphold. Beautifully put by John Deeton here here, I'm meta

law man. I'll actually be interviewing him next week. His name is actually James, he said, astounding, I've never seen anything quite like this in more than thirty years of representing clients averse to the SEC. I actually think this voluntary dismissal could make it more likely that the SEC lawyers involved in the misrepresentations to the court will be sanctioned. I hope this happens. Guys here

Jeff Robert, who is a reporter at Fortune magazine. He covers cryptos, specifically, They put out a full article on this today, he said. So, let's get this straight. The SEC lied to obtain an ex part tro where defendants don't even learn about the charges. The judge finds out and is understandably pissed, starts disciplinary proceedings, the SEC drops the case to try and wriggle out of it. So I'm glad that mainstream media here is covering

this, exposing this scumbag. Now the other big case that's taking place, which I think Coinbase is going to win this, right, Coinbase versus the

SEC. I think the market needs Coinbase to win. We know a ton of all coins have been thrown into these lawsuits against coinbase in Binance, and that's the sneaky way of the SEC trying to litigate them but not actually giving them due diligence, not going to each project and company and saying, hey, give us your facts and ser circumstances, as the SEC would say,

right, fractions and circumstances. They're not doing that. They're doing a very sneaky scum bag move of just throwing a bunch of coins and saying, oh, yeah, these are all securities without actually giving details, and then packaging it with the lawsuit against coin based crack and Binance and so forth. Now,

Binance is its own beast. It has its own thing going on because it has an exchange token and a stable coin and so forth, so I'm going to leave finance it aside, but coinbasing crack and I hope they destroy the sec in court. Now we got word here from Standard Chartered Bank that

they are are expecting the a therm spot ETFs to be approved on May twenty third, so very specific date. I don't know how they came up with this, because you know, it doesn't necessarily have to happen on this date. It could have happened in the month right, So very very big statements here from a bank, and I think we have to pay attention because it's a bank making the statement. And we know that with the bigcoin's body TFS approved, it makes it very easy for the theorem's bodytf to be approved.

Now is it very likely to happen? Is the big question because it could you know, Gary Agnster could easily do it, but will he. So here let me give you what the spokes Standard Charter are saying. We expect pending applications for the ethus spot ETFs to be approved on May twenty third, the final deadline for the first of the ETFs under consideration, the equivalent date to Januarate tenth for the Bitcoin ETFs. Jeffrey Kendricks, head of Standard Charter

Banks and Digital Assets Research, wrote in a report on Tuesday. If ETH prices performed similarly to how Bitcoin prices perform in the lead up to BTC ETF approval, EITH could trade as high as four thousand dollars by then. So we'll have to wait and see. Here's what I tweeted out, though I

don't know about this. The EH situation is very different from Bitcoin. I wonder if Gary gens will try to block the ETH ETF, but the issuers consume him and reference what Bill Hinman had to say about ETH not being a security, or maybe Gary foles and just approves as he knows he will lose in court. So there's some complications here with EAT. So you have Gary

Genster refusing to save ETH is a security before Congress. We've seen this, right, he got rilled by Patrick McHenry refused to even say a word. Second, the ETH situation is tricky because other projects, and we saw in the Ripple case, they use this. They reference what Bill Hinman and Jake

Clayton endorsed that ETH is not a security. We know that Bill Himon gave a speech premously in twenty eighteen, it was market moving and everybody thought, there's not a security, But then you have the staking component now that if they were to approve an etheroremist BODYTF, what does that mean for stakers? And maybe it's they make it clear in the guidelines you will not get any type of staking rewards by investing in it. Maybe it's that simple. I

don't know, but that is a component. And if they are going to do this with the ambiguity that's out there around ETH, it can open up the door for other all coins again to ETFs. And this is where Gary Ginser may not want to do it, but he will probably be forced to do it. So I don't know, I don't know if we're going to

get that etheremist BODYTF this year. It may be a situation where if coinbase wins their lawsuit, then maybe you know, that'll force the hand of Gary g Ancer because a lot of the tokens that he does list and the SEC listen their lawsuits against Cracking and Coinbase, some are ERC twenty tokens and some are Layer two solutions for etherorem So this thing is so messy. The SEC would just do his job, and you know, if Congress could get things

going. I know Patrick mckenney's trying to push through the two bills in the House. There's two in the Senate, and boy, I hope they can get it done this year before the craziness of the election. But if not, twenty twenty five would be ideal as well. Now, quick word from our sponsor, and that is Uphold. Uphold is a great crypto exchange. I've been using them since twenty eighteen. You can buy bitcoin, etherorem and all the top all coins on this platform. They have two hundred and sixty

plus cryptocurrencies, folks. You can also trade precious metals on this platform, goalsilver, palladium, platinum. They have stable coins and they support I think like thirty seven Fiat currencies. They're available in one hundred and fifty countries as well. They have a great platform, great app. Best of all, folks, they are fully reserved. You can go review their transparency reports and I've interviewed the CEO, the CFO and he representatives from the exchange, so

I can vouch for them. And if you'd like to learn more, please visit the link in the description. Now, speaking of ether theorem, folks,

Vitallic. Whether you hate him or you love him, he put out a great, great, great write up about crypto plus AI. And remember what I've been saying. If you've been listening to this podcast, I told you, guys, this coming cycle, one of the narratives will be AI driven crypto and that's why I took a position in Render as well as fetch dot ai. Those are upright now. Now that's not financial advice. Please do your own research. Don't go buy those tokens because I mentioned I have

them. Please do your own research. So if Italic tweeted out the promise and challenges of crypto plus AI applications, folks, once again you could hate Vitalic, but this is a really good, really good write up and talking about the benefits and the challenges and the synergies and much more. It's too much for me to break down here in this podcast. Probably need like an hour to do this, but I highly recommend you guys go read up on

it. I'll try to do an AI cryptospecific video and podcasts where I can break down and reference some of this information. But it's really well done and I think it's not hype. It's not just a narrative. I think it's a legit thing. Now are we there yet where it's like, hey, we have this figure out figured out and here's the solutions, here are the use cases. We're not there yet, right, We're very much in the ideation phase and here are some possibilities. But I think folks are working on

it. And don't be surprised that we see AI merge or blockchain. In fact, from a larger perspective, I think blockchain will be needed to police AI, and we see that deep fakes are on the rise. It's hard to verify media and where it comes from, and we know the AI defakes will only get even more sophisticated and realistic where you you can't even tell. So we need blockchain. And we actually saw Polygon, which is a layer

two scaling solution. I had reported on this. They partner with the Fox News Corporation to build a platform where the content that's published by the media sources can be verified because it's on the blockchain, and you can avoid de fakes or if they're not avoid but if defacs do come up, you can verify

what's real and what's not. So this is very interesting and once again the narrative I set it in Deceber twenty twenty two, one of the big narratives, right, and what I'm anticipating, and this is why I took position in AI themed tokens. Now moving ahead, Portal raises thirty four million dollars

for atomic swaps while de decentralized exchange is still in Testinet. Portal, a bitcoin based DeFi project, recently and now it's successful thirty four million dollars seed funding round. At the time of writing, this represents the second largest funding round in the web three space for the year of twenty twenty four. This follows an earlier fundraising effort in September twenty twenty one, where Portal secured eight

point five million dollars. Then as now, Portal's raise announcement focuses heavily on the platform's creation of a decentralized exchange to allow atomic swaps that don't rely on trusted intermediaries to move assets between chains, But after more than two years and forty two point five million dollars in funding, Portal's decentralized exchange is still in testinet. Following the announcement of the most recent fundraised, Portal community members express

frustration at the project's slow development on Portal's telegram channel. Some invested in Portal through retail investment platform Republic and wanted to know when they could see returns, and administrator in telegram said investors would receive equity following the launch. In an interview, Portal co founder CEO Chandra Douguiralla from saying that right acknowledge things did take longer to and expected, which is true of all difficult engineering problems.

So they're getting more capital to keep building. But folks are not happy with the timeline. And look, that doesn't mean the project's dead. And we've seen certain projects take a long time but eventually come to fruition. But I understand the frustration of some investors. But we'll see. But look, a takeaway here is that there's capital ready to invest in many different crypto ideas and projects. So if you are an entrepreneur, it's an opportunity for you to

raise capital and get your idea off the ground. Now. Unprecedented two point

one billion dollar bitcoin seizure in Germany linked to online piracy group A suspect willingly transfer nearly fifty thousand bitcoin to official wallets. So, folks, what we're seeing is that there's still the legacy bitcoin still moving around where it's connected to like Silk Road or other things happened, you know, back in the day. There's a couple of things here, you know, because you have like Elizabeth Warren who will go around saying, see, bitcoin is only used for

such and such, when we know criminals largely use cash. But the point is not the method or the means of the transfer of value. It's the bad actors you want to stop bad actors. Bad actors will use any means of currency or value transfer right because they're just trying to get away with whatever they're doing, money laundering and so forth. And it's actually harder for them to do with crypto because everything's on chain. You can track it in the

blockchain. And and of course a lot of groups like Chainnalysis came out and debunked Elizabeth Warren's lies and fud and this data that came out and showed there it's so minimal, which the amount of crypto has used for nefarious activities versus cash. I mean, it's ridiculous. How much cash? Does that mean? We should destroy cash and fiat and so forth and never use it.

Of course not. We got to stop the bad actors, right So the authorities alleged that the bitcoin is tied to a piracy site that violated the Copyright Act back in twenty thirteen, so once got legacy problems here. According to a police statement, a German and Polish man were found responsible for the alleged money laundering and reportedly bought bitcoin with the proceeds. The Tuesday statement marks the

largest bitcoin seizure by German authorities. The future of the assets remain uncertain, though the police statement clarified that a suspect voluntarily transferred them to the official wallets provided by the BKA. A final decision has not been made about the utilization, the statement said. However, authorities said they would not be providing more information until they complete the investigation. No charges have yet to be filed against

them. While the United States leads in global bitcoin node count with twenty eight percent, Germany is not far behind, with over thirteen percent of global nodes. According to bitnodes. From a regulatory standpoint, it has become more crypto friendly over the last few years, with some of the biggest banks seeking crypto custody licenses. Germany granted a crypto custody licensed the Commerce Bank in November,

making it the first full service bank to receive such a license. Deutsche Banks Paul Mayley told block Works last September that it was interested in offering corporate and institutional clients custody of selected cryptocurrencies and stable coins. Of course, it is every bank, every financial institution, stock market and you name it. They are all here. They're ready to add bitcoin and crypto trading to their services

in addition to custody and much more. And we know that tokenization is the future, so all of the assets that many of them hold will go on the blockchain. And the interesting part is which blockchains the tokenization will happen on, and do you hold a native token? So exciting times ahead. And you know when you see a headline like this, it can lead to fear

or fun, right, but you got to go into the details. This is just legacy stuff that happened back in the early days wild Wild West, and I think the governments are now going to be hyper focus on cleaning this up. They're gonna tie up loose ends and make sure all these guys are brought in whoever did nefair yourself. All the bad actors right, Look, bad actors, like I said, they're going to exist, They're gonna people are going to use bitcoin and other cryptos for bad activities in the future.

It's going to be tough for them because once again KYCML is being enacted everywhere. Plus there's on chain of reporting data analytics where you can track stuff now, so it's gonna be even more difficult. But the point is criminals and dumb criminals right will do whatever they want and use whatever they want. That's

human nature, that's civilization. It is what it is. The point is we want to stop bad actors, and we've gotta be careful with corrupt politicians like Elizabeth Warren who try to spread lies because they're trying She's trying to protect the banking incumbents from getting disrupted. Well, folks, that's the news. Let me know what you think. Leave your thoughts and comments below, Hit the thumbs up button on YouTube, hit the five star rating on the podcast

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the podcast. I'm working on bringing you guys great interviews. Thank you for watching and listening, and I'll talk to you all later