We have major updates from the SEC as Paul Atkins the new chair. His confirmation date has been confirmed by Congress and hester Purse and Marketway to release details on crypto mining and if they are securities activities or not. And President Trump speaks at a crypto conference. In addition, two major stock exchanges are moving to twenty four hour trading because of crypto. I'll give it to details. Let's get into it. Hey, everybody, welcome into The Thinking Crypto Podcasts.
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President Trump today spoke at the DS Crypto Summit in New York City and it was a recorded video, it was not a live feed, and he said, together we will make America the undisputed bitcoin superpower and crypto capital of the world. So he doubled down on his mission. And while he didn't give any new information, he did expand on what is going to come next, and that is he wants to get legislation through for crypto market structure as well as stable coins. He actually mentioned crypto
market structures. So very bullish. Even though there's no major news here as far as something new, still, you have the sitting president of the United States taking time to do this. I think it's very important and crypto is going to be a big part of the economy moving forward.
We've talked about tokenization, stable coins, and more. Bo Hines retweeted the video of Trump talking about crypto, saying, under the leadership of the President of the United States and our AI and cryptos are David Sachs, we will usher into Golden age for digital assets, ensuring that the United States is the crypto capital of the world. Now, I'm trying to get an interview with Boa. I'm in contact with him, so stay tuned. I'll try to get that
for you guys. And today, Tether CEO Paulo Ardouino, who've had on the podcast, said Tether was the seventh largest buyer of US treasuries in twenty twenty four compared to other countries. Guys, what have I been telling you? China has been ramping down in their purchasing of US treasuries, but stable coin issuers have been backing their issuance and their reserves with US treasuries. This is why there is an urgency for stable coin legislation, because the United States
wants this. It helps the Treasury, it helps the FED, and it helps support the US dollar from a world reserve currency status. So the fact that Tether is the seventh largest and ahead of them is the United Kingdom, right, Singapore, Belgium, Luxembourg, Frans and Cayman Islands. This is incredible and folks, this will only continue to grow, and not only Tether but other stable coin issuers as well. Here's some data from
DeFi Lama. Today, the stablecoin market surpasses two hundred and thirty billion dollars for the first time ever, up over five point one billion dollars in the past thirty days and two point three billion dollars in just the past week. So stable coin issuance is growing not just for the use in purchasing crypto assets and trading, but also for
yield for people to make payments and much more. Guys, things are really booming here and it's exciting and I think the best is yet to come in this bull market because once the legislation, the old coin ets and all these things are live, you're going to see a lot of capital flow into the market. There's still a lot of capital sitting on the sidelines. They don't want to touch anything because the clear legislation is not there.
Certain institutions can make that move, and many of them are risk averse, so they're listening to their legal team, right. They're going to follow the direction of those folks. But once the legislation's in place, guys, the floodgates will be open. Now we have confirmation on when new SEC chair Paul Atkins will be confirmed, and that is on Thursday, March twenty seventh. I had reported on that I think yesterday day before, but it was just a rumor. We didn't
get confirmation. But it's coming out from Chairman Tim Scott and the folks in the Senate that this is happening. So Paul Atkins will be in the SEC by the end of the month or into early April. So exciting times and we should get some clear directions from him as far as ETFs and some of the maybe outstanding items would ripple with the fine and much more, but overall the lawsuit would Ripple is done right, the SEC is not going after Ribble anymore, so very good news.
We got confirmation there. In addition, marky Wada and Hester pers and the Crypto Task Force continue to do great work. Today, the SEC put out guidance on how certain proof of work mining activities should be viewed under existing securities laws. So they're essentially saying, hey, a lot of these crypto proof of work mining they're not securities. So it's great to have that clarity, guys. And they put out a full write up on their website that you can go
review and a look at it. So really really great stuff. This is what we wanted other against there. But you know, he was all political. He was a puppet on strings following Elizabeth Warren's orders. And here Cody Carbone, who is now the CEO of the Digital Chamber by the way, said huge for bitcoin miners. The SEC just clarified that proof of work mining does not involve the offer or sale of securities. This gives much needed legal clarity and clears the path for the mining industry to grow in
the United States. This is great stuff, guys. Now on the SEC front, we also got a bit Wise filing to add staking to their etherorem etf spot ETF that is, and we're seeing not only them, but multiple players. I think the SEC is going to prove staking any theorem ets very soon. Of course, they'll do it for other proof of steak blockchains once they get their ets. But this is really great news. Let me give you some
details here. Blackrocks, head of Digital Assets, spoke about the potential benefits of allowing steak for spot etherem ETFs, which by some estimations, have underperformed in terms of attracting investors. Meanwhile, the New York Stock Exchange ARCA filed a proposed rule change that would pave the way for permitting bit Wise's ethererem metaf to earn yield from staking the cryptocurrency guys,
I'm calling it now. Once this is approved and staking is available in ETFs, you're going to see a lot of inflows into etherorem and I think the price is going to surge. Etheroreum has underperform this cycle, but I think it's going to have its day. Every dog has its day, and when you have a major catalyst like this, you will see a lot of inflows. Now I'm not
saying it's going to be the best performing asset. Like I think XRP is going to outperform Etheroreum this cycle, and there may be some other all coins that will outperform XRP. Right, it just depends where they're at in the cycle, what are the catalysts, and much more. But guys, things are setting up beautifully here for the next phase of the bull run. I hope you're not getting in patient. Areing to see some comments people are getting a little
depressed tired, right, But this is investing. You got to exercise patients. This is not playing the lottery. This is not going to the casino. So you got to throw that mindset out the door. And when it comes to this stuff, you got to study the charge, look at the macro and understand the cycles that are playing out. All right, guys, quick great from our sponsor, and that is v Chain, which is one of the top layer
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mimicking cryptos trading hours. What have I been saying for years, guys, there will be no more opening and closing bell because of Crypto. Crypto is the first truly global asset class that trades twenty four to seven. There's no opening or closing bell, there's no nights, there's no weekends, there's no holidays. Right,
this thing is trading a NonStop. The folks at these stock exchanges are like, oh my god, we better get in line here, we better get update our processes because these stocks and the commodities and all these things are going to be tokenized on the blockchain and will trade twenty four to seven as well. So these stock exchanges
are trying to catch up here now. Even if they do twenty four to seven trading, eventually, tokenization is still going to steal their launch unless they adopt token ied assets. So we'll see. I'm most likely they will. I don't think they're gonna just lay down and die, you know, to the crypto token ice industry. But you see the pressure crypto is putting here. You see the game and
how it's changing, right guys. So this is what I've been talking about with the token economy and how things are going to run, and they're doing this in once again in response to crypto. Here's a quote from Young Bou, who is nasdaq's head of US Equities and exchange traded Products. There's a lot of demand globally for US stocks and people want to trade within the hours that they're typically awake, and I think a lot of it is because people
are used to trading crypto twenty four seven. A paradigm shift is taking place here guys, it's amazing crypto, this almost nascent young industry, which you know, compared to these other industries, it's almost nothing, right, it's just what just over the read trillion dollars, right compared to these others, and it is already having an impact and influence on tradfy And this is the way the world's going, guys,
a world running on blockchain global markets. I've often said secondary and tertiary markets and much more now, guys, the other day I talked about Kracking potentially acquiring Ninja Trader. I think it was yesterday's podcast, by the way. Well we got confirmation today and that is Cracking is indeed acquiring Ninja Trader for one point five billion dollars, locking in the largest tradify plus crypto deal ever. And yet some people are on social media crying the bull market's over.
Oh my god, I'm tired of waiting. These big players are not crying. These big players are not tired. These big players have the macroview and look at the money they're putting out, the investments, the partnerships, the expansions, guys. So I hope you see what's happening. This is massive. We also got news that Moon Pay they have a new two hundred million dollar revolving credit line with Galaxy Digital to help fuel onboarding around the world. So they're
essentially getting this credit line to expand globally. I mean, guys, what more can I say here? The writing's on the wall, the expansion. These guys know what's coming. Man, These guys see what's on the horizon, and I hope you do as well. Now, today XRP Futures went live and it's on bit nomial. So yesterday we talked about it. Well, it's been confirmed it went live, and this is important. This is a key step in getting a SPOTTYTF. So
I wanted to let you guys know about that. Now, generally I think the SEC has wanted to see things like the CME, but this new SEC may be different and say, hey, this is sufficient. So very good to see that. Even Solana futures have gone live as well. So the futures market, while it's not a US, have the SEC prefers to have it. So I spoke about it with SEC Commissioner Hester pers in my last interview
with hers. So it looks like this is the way and all these companies are going to launch their features for the you know, for the all coins to be able to get these bodytf and which will be huge for the market of course. And check this out. Polymarket users are predicting that there's an eighty three percent chance that's an x RP ETF will be approved in twenty twenty five. So the market wants it, the institutions want it, and there's a whole bunch of ETF applications I think
over ten now, so it's gonna happen. It's gonna happen for Solana, I think h Bar as well. There's an h Bar ETF. I think light Coin. So we're going to have all these ETFs in play, and then I think the big winners that will be the index ETF, which gives you the top five or top ten because generally that's how you know, registered investment advisors and the average investor, you know, they buy these index they'll buy the NASSA, the SMP five hundred, so I think more
capital will come into the index. So you may have a crypto index if you want to call it our crypto eventually a crypto top hundred, you know, as the acid class grows and you maybe there's going to be segmentation, you know, tokenization of course or deepen, and you'll just have a lot of variety I think, and the index will have multiple assets. So this is really great, guys. Things are setting up beautifully here for the continuation of the bull market. Folks. That's the news. Let me know
what you think. Leave your thoughts and comments below hit the thumbs up button. A great way you can support me, guys, is by subscribing to my free email news that are on substack. A link will be in a description. Also, check out my book on Amazon. It's available in paperback in digital, and check out my new course at Mycrypto course dot com. It's a comprehensive course that covers all aspects of crypto and guys. What makes it unique It
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