THE SEC & CFTC APPROVE CRYPTO ON STOCK EXCHANGES! - podcast episode cover

THE SEC & CFTC APPROVE CRYPTO ON STOCK EXCHANGES!

Sep 03, 202519 min
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Episode description

Crypto News: SEC & CFTC issued a joint statement clarifying that SEC and CFTC-registered exchanges are not prohibited from facilitating the trading of certain spot crypto asset products which would allow the NYSE, Nasdaq, CBOE, CME, etc, to have spot trading for BTC, ETH, and more. Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/

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⏰ Time Stamps ⏰
00:00 Intro
00:38 Bitcoin & crypto analysis 
03:29 SEC CFTC Crypto news
06:48 Gavin Newsom Meme Coin
08:26 World Liberty Financial news
09:54 Gemini & Figure IPO valuations 
10:45 XStocks Ethereum Tokenized stocks
11:38 Solana Alpenglow upgrade 
14:05 CleanCore Dogecoin Treasury 
16:11 Coinbase Equity Futures Tech and Crypto 
 =================================================
#Crypto #SEC #CFTC #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #Altcoins #NFTs #Metaverse #Podcast #ThinkingCrypto ================================================= 
The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing ================================================= 
Disclaimer - The Thinking Crypto podcast and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice. Note that links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!

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Transcript

Intro

Speaker 1

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 let 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. I apologize ahead of time for my voice if it

sounds a bit different a week. I am recovering from a summer flu, been under the weather for the past couple of days. But I got some very big and significant news I want to share with you all. First, let's kick it off with bitcoin, because we are seeing

Bitcoin & crypto analysis

a bit of an uptick. Bitcoin trading over one hundred and eleven thousand dollars once again. Now is this the start of the recovery? Well, we have to wait and see. I always tell you guys, we have to wait for confirmation because the market can easily fake us out. It has faked us out many times. But some good things we are seeing is that bitcoin is near that over soul zone. The mac D on the daily chart is showing the bears are losing momentum and that the bulls

are going to gain control very soon. So I think the flip is coming very soon where we're going to see the start of the next major rally. So just be patient, guys, because things are moving in the right direction. As we've been talking about, the macro bull market thesis has not been invalidated. This thing is still in play. We are still in a bullmarket. The other factor is that the sentiment has now flipped to fear. So as we've been talking about, the whales are doing their job.

If you feel fear, you feel angry, frustrated, then they're doing their job to try to shake you out of the market. But we do not want to operate by our emotions. We want to look at the data and folks, what we've seen is when that RSI for bitcoin and even other all coins is in the over soul zone and the sentiment is in fear, We've seen this story before, it leads to another major rally. So the setup here is very very good. So let's be patient, guys, And

then you have the dollar continuing to weaken. Bitcoin dominance also has been on a down trend. It's seeing a little bit of an uptick here, but I don't expect that to last. I think that's going to continue to go down stable coin dominance, USDT dominance to be specific, also in a down trend. And I've been telling you guys, once this thing breaks four percent, it's going to be fireworks. And we head down to let's say the three zero point seven zero percent or so that baseline level support

levels we've seen before. Like I said, it's going to be fireworks. So things are setting up beautifully here. I love what analyst Crypto Wizards share today with the total two chart here showing that the cycle isn't different, is what he said. Total two is training within a similar structure to its previous bull cycles. After the arc comes the flag, talking about bullflag. After the flag comes all

season patients pays. So this is where you really cut your teeth in the market in learning the cycles, learning the charts, learning all the signals and metrics. And you don't have to be an expert like I am, by no means an expert. I can't go work on Wall Street, but I know enough to navigate the markets to make sure I'm basing my thesis on facts, not feelings or emotions or fairy tales. But what story is the data telling us right that we are still in a bull

market and that there's still room to go here. So things are in a very good place, all right. We got some very big news folks here. Eleanor Tarrett reported,

SEC CFTC Crypto news

in a rare show of unity, the SEC and CFTC staff just issued a joint statement clarifying that the SEC and CFDC registered exchanges are not prohibited from facilitating the trading of certain spot crypto asset products. SEC Chair Paul Atkins said market participants should have the freedom to choose where they trade spot crypto assets. CFDC Acting Chair Caroline fam said, under the prior administration, our agency sent mixed signals about regulation and compliance in digital asset markets, but

the message was clear innovation was not welcome. That chapter is over, so very big statements from both chairs there and Eleanor added the move marks a major step in the agency's Project Crypto and Crypto Sprint initiatives aimed at coordinating oversight while expanding venue choice and optionality for the US market participants. Now. Matthew Siegel of van X said the following the New York Stock Exchange, DASDAC, CBOE, CME, Etc. Will soon have spot trading for bitcoin Ethan more, he's

spot on. So this opens up the full gambit of the markets and exchanges, so even stock exchanges to be able to list crypto assets and spot that is incredible, my OG subscribers, Remember we were talking about this in twenty eighteen and twenty nineteen, that crypto would become this fully regulated asset class listed on stock exchanges. All the major brokerages and firms like your Charlie Schwab and all these guys would eventually come around, and it's happening. It's amazing.

So if you've been patient, buying the dip and holding, your patients will be rewarded because we are entering new ground here, we're breaking new ground. This is incredible. So the clarity is there from the two major agencies, the SEC and the CFDC, there's nothing holding back these firms, and on the banking sector to FED and OCC have loosened the restrictions so there are once again nothing holding

these firms back. And folks, this is going to lead to more capital coming into the market, higher prices and valuations for these respective assets. So again, be patient, your patients will be rewarded big things are coming here. This episode is brought to you by v Chain. V chain is one of the top layer one enterprise blockchains in the crypto asset class and they are getting adoption by many big brands and companies around the world are building

Web three and decentralized application technologies. I've been a VET token holder for many years. In fact, I started investing in v chain back in twenty eighteen, and some of the key features of the v chain blockchain includes its secure, affordable, scalable, fast, and sustainable. Some of the companies and brands working with vchain include Jivon, Chi, Walmart, China, BMW, Boston Consulting Group,

and many more. Most recently, they partnered with Dana White in the UFC and Dana White even said recently that he purchased over a million dollars of the VET token and vchain also recently launched staking where you can stake the VET token and earn great rewards. So if you'd like to learn more about vchain, go to vchain dot org. Link will be in the description. Now, this news is

Gavin Newsom Meme Coin

kind of crazy, I have to let you guys know about it. We got Governor Gavin Newsom California's governor saying he's going to launch a mean coin to challenge Trump's meme coin, which is Trump of course. Now this is crazy. I tweeted out about it today. Can we ban all

elected officials some launching mean coins, including the President? You guys know, I've been on records saying that I don't have a problem with President Trump's family is kids operating crypto, and they want to launch businesses or be part of otter crypto businesses, that's fine. But the mean coin, I am not a fan of that. I don't believe any elected official should have that. And unfortunately, it looks like this thing is starting to get out of hand because

Newsom wants to launch his own meme coin. These things are not going to end well for people who don't know better and they go buy these meme coins, it's really not going to end well. Meme coins are very vaulta and you can easily lose your money. And I don't know who else is going to launch, but can you imagine a whole bunch of politicians doing this. It's a recipe for disaster. So my hope is there's some

sort of ban on these things again. I'm not saying that you ban meme coins altogether, because I believe in the free market, but elected officials who are serving the public should not have this. And I don't care if you love Trump or whatever. This is not about Trump specifically, as it is about the principle of it that whether you're a Democrat, Republican, independent, whoever, you should not have something like this. So watch out, Gavin Newsome coin is coming.

I don't know what to make of it now, speaking

World Liberty Financial news

of Trump and his family, we're Liberty Financial. You know, they released their tokens and you know it had the typical pump and then a big rug pull. I'm not saying the project's a scam, but a lot of people were calling it out, saying a lot of insiders probably benefited significantly from it. Look, I don't know, but this this is why I am not invested in it, because one of the things I said was I don't know

who the developers are on here. For most projects, you can at least you know hear from some of the developers and the people working on it, And outside of just marketing, you have people who are talking about the core mission and what they're trying to do, and I decided not to invest in it. And look that's working out so far. I didn't get pumped and dumped, right and look, this project could continue to grow, but again,

you got to do your research. And I would rather invest in other projects that have been around for a while. And I think many of you know me by now. I don't worship politicians or whatever. I could care less do. I vote, of course, I vote, but there's a balance to everything. And some people are very much crazy about politics and politicians. They worship politicians. I don't do stuff like that. So you know, someone are going to go blindly invest in these tokens and unfortunately they may pay

the price. And so far, you know, we're Liberty Financial had a lot of pullback, guys, but this is part for the course, all right. Moving ahead, the crypto ipo

Gemini & Figure IPO valuations

market heats up with figure seeking five hundred million dollars in Gemini for three hundred million dollars. So we recently heard about Gemini filing with the SEC to try to do an ipo. So we're getting some more details around this, and folks, this is a validation that we are still in the bull market. No one does an ipo in a bear market or if the top is in, right, these guys have room full of analysts who are going through these things. The banks they're working on to do

the deals for the IPO. They're not going to say, oh, guys, okay, the market is over, let's go do an IPO. They're gonna do this when there's a lot of liquidity and people are still bullish and able to invest. Right, let's be serious here, right, So this is very interesting and further validation the bull markets here. So both firms updated their IPO filings on Tuesday, revealing how much they hope to raise. Very interesting look at this. X Stocks launches

XStocks Ethereum Tokenized stocks

on Etheroreum with sixty tokenized stocks, including Navidia and Tesla. So x Stocks they have been doing a lot of tokenization of stocks and they're a token is stock product owned by back to Finance, and they're launching an etherorem They had previously launched on Solana, BnB Chain and tron and now they're expanding to Etheroreum. So, folks, I hope you see what's happening here. The tokenization race is heating up and a lot of crypto exchanges are trying to participate.

And they're trying to tokenize the top stocks. So it's pretty incredible, guys. It's heating up. And this is the future everything running on blockchain, the economies, the markets, and the governments, and they're going to tokenize you know, a lot of the top assets such as real estate, precious metals, and of course stocks. So this this is the future. Now, Solana's alpin Glow upgrade clear as governance vote for implementation.

Solana Alpenglow upgrade

So some big updates here for Solana. After a two week governance process in which more than half of validator's cast votes, Solana is said to be upgraded using the alpen Glow consensus protocol. According to the results of the governance process released on Tuesday, more than night ty eight percent voted yes to approve the new consensus protocol for Solana,

with a fifty two percent stake participating. The oup and Glow upgrade is expected to reduce the transaction finality to one hundred and fifty milliseconds from more than twelve seconds,

significantly overhauling the system. Here's a quote. At these speeds, Solana could realize Web two level responsiveness with L one finality, unlocking new use cases that require both speed and cryptography certainty, said the Salona Foundation in and August twenty first blog post, adding the compounding effect of these initiatives and the many others in the Solana ecosystem is financial infrastructure that operates at Internet speed. This is really big for Solana. So

I'm a big believer. In fact, you know, years ago Solana had a lot of downtime. They have not had any downtime, you know, significant ones recently, so this is good and they're making the proper upgrades. This is what you want to see. I've often talked about, you know,

there's further iteration needed for many of these blockchains. We are really in what one could call the web one of crypto, if you know, you look at the web one of the internet, dial up clunky and needed further iteration, and we eventually went to broadband and we had faster

wireless networks. So we're going to get to you know, that level of infrastructure and speed and settlement and so forth eventually, but it's going to take time, right And this is where though we as early adopters, we can really benefit because we're getting in early ahead of the mass adoption and the infrastructure being set up to where billions of people could come on board. So this is where we have to do our research right and we

have to stay up to date with what's happening. That's what I'm trying to do here and help you guys do on this podcast. But this is really great for Solana. I do hold a soul token. I'm sure many of you do as well. And the increasing the speed and the finality is really great. So really really great stuff here. Now.

CleanCore Dogecoin Treasury

In a recent podcast, I believe the one on Sunday, I told you guys about Elon Musk's lawyer participating with a company that is going to be launching a dogecoin treasury strategy. Well we got details who or what that company is. Clean Core plunges sixty percent after unveiling one hundred and seventy five million dollar doge coin treasury strategy. Doesn't seem the market is happy with this sixty percent? Wow?

What a mess. So clean Core Solutions, a Nebraska based maker of aqueous ozone cleaning systems, saw its shares plunge over sixty percent Tuesday after announcing plans to become a dogecoin treasury company. What a mess. So the company disclosed one hundred and seventy five million dollar private placement backed by over eighty institutional and cryptonative investors, including Pantera, GSR,

Falcon Exit more or less. Wow, So, folks, you know, one of the things I stated when I read the news and we didn't know who the company was, I said, that was very risky. You know, do you want to have a meme coin as a treasury asset? Even if it's dose coin with a huge brand, there's no utility.

There's network effects, right, Don't get me wrong. There's network effects with the branding and adoption by merchants, but outside of people having fun with it and just using it to spend it here and there, there's nothing else happening. So that right there, I think is a flawed strategy to try to use this asset as though it was

bitcoin or a ethereum or Salona or XRP. So clearly the market things that this is not a good IDEA sixty percent plunge, that's crazy, but hey, you know, maybe maybe they can recover this if the market starts pumping and dose starts making you all time highs, which I think is could based on the charts. But at the end of the day, they are taking a very risky bet because again this is very different from holding bitcoin or ether or something like that. Now, moving ahead coin

Coinbase Equity Futures Tech and Crypto

based equity futures to blend MAG seven stocks with crypto ETFs, this is interesting. So coin based derivatives will be launching equity index features on September twenty second, expanding beyond single acid offerings. The MAG seven plus crypto equity index features combine the performance of tech heavyweights and bitcoin and ether ETFs. The index will be evenly weighted and rebalanced quarterly, with

market Vector serving as a provider. This is an interesting mix, but I think a sign of things to come where you have this convergence of trad fy in the crypto market. You know, earlier we were talking about token ised stocks, So it's going to be fascinating to see how these things can converge, in what new products and things are

launched around it, and how investors navigate it. One thing's for sure, the tokenized markets will open up new investing opportunities globally to people who couldn't access the stock market and certain assets and allow for these assets to trade twenty four to seven. So this is an interesting move by Quinbase, but a smart one because I think they're getting ahead of the curve. They see the writing on

the wall and what's coming so very very interesting. And as always, game theory will play out, their competitors will follow. No one will want to get left behind and launch similar products. So, folks, that's the news. Let me know what you think. Hopefully my voice wasn't too bad for you guys again recovering from the summer flu here, but I hope you see the big news. The sec CFTC news was the big one, right. I think that's incredible, allows Spot crypto to be traded on stock exchanges and

much more. Just amazing, amazing stuff. So hang in there, folks, bull market's not over. Remember, if you're starting to feel angry or emotional, whatever, the whales are doing their job. They're messing with your head. So let's stick to the data and the facts and the signals and try our best to navigate these markets. Folks. A great way you can support me in the podcast is by subscribing to my free email newsletter. It is one hundred percent free.

It's on Substack. Also check out my book on Amazon. It's available in paperback in Digital and my course at Mycrypto course dot com. This is a comprehensive course that teaches you every aspect of crypto. Knowledge is power. Expand your knowledge about this technology and asset class. Go to Mycrypto course dot com. Folks, all the links will be in a description. Thank you so much for watching and listening. I appreciate you all and I'll talk to you all later

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