🚨TRADING GIANT GOES AFTER SEC GARY GENSLER OVER CRYPTO!

news and interviews. I'm your host, Tony Edward. On your way in. Please sitt 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. Okay, folks, let's start by taking a look at the DXY and bitcoin. Because the DXY, even though it's overbought by the textbook the RSSI, it is still pumping. So we're waiting for

that breakdown. Guys, but we know that by the textbook, once again, this is not sustainable. It is incredibly overbought here and it's going to top out very soon. But in the meantime, it means Bitcoin's not going to do much and Bitcoin's going to do the opposite. So right now Bitcoin is showing some red candles on the daily chart, trading above sixty six thousand dollars, So we have to wait.

But guys, this is where patience is needed. Right We want Bitcoin to break out and start moving up, but unfortunately the factors that are conducive to that are not there one hundred percent as yet, so we got to wait for this DXY to break down. But you just look historically once again that RSI it will start to break down soon enough, and maybe that's within another week or so, and maybe this ties in with the election

uncertainty being removed. Where the elections complete, we know who the president is and then markets will start to rip based on how they performed historically. But guys, it's I know it's painful, I know it's boring, but this is what we are dealing with and this is part of investing. So we're not using our feelings and our emotions, but we're looking at the data and the data is telling us right now the DXY is not going down without a fight, so be patient. Now here's some interesting news,

Tesla reveals none of there. Over seven hundred and sixty three million dollars in bitcoin was sold in Q three, twenty twenty four. Now, what's fascinating. Just about a week and a half ago, Tesla started moving around their bitcoin. People were tracking this with on train metrics and they moved the bitcoin to new wallets. So people were speculating that maybe Elon's going to do something with cancer Fitzgerald with bitcoin yield, but it's TBD. But it's good to

see that they haven't sold any more bitcoin now. They have in the past, and I explain that to you guys. When liquidity was tight and rates were on the way up, Tesla sold some of that bitcoin they had in the past to get liquidity, which I understand from a business standpoint, but good to see that they're still holding a large amount. Now here's some very interesting news and it revolves around

scumbag regulator Gary Genser. So Trading giant Don Wilson thinks the SEC chair Gary Ginster's refusal to set crypto rules is purposeful. You're seeing the writing on the wall here.

Everybody's recognizing what's happening, and it's what we've been talking about on this podcast for years now, since the Ripple lawsuit, that Genser is just doing the bidding of the tradify incumbans who are getting disrupted by blockchain and tokens and crypto, and his goal is not to protect crypto investors, but rather kill these crypto startups, not kill crypto and blockchain now, because as I've stated before, two things are happening in parallel.

While the crypto industry and startups are getting walls, notices, lawsuits, and much more, black Rock and all the wall streets here tokenizing, launching ETFs around the acid class and doing much more. So how can these two things be happening side by side. It's because Genser has been weaponized against the startups. How dare coinbas come and make more revenue than Goldman, Sachs and some of these other companies, right? That is essentially what's happening. So here's a quote from Don.

He says it reminds me of Atlas Shrugged. Wilson tells Coindesk, they get to selectively harass whoever they want. Now, Don defeated the SEC and let me give you the details around that. So Don Wilson is feeling deja vu. This month, the US SEC sued Cumberland DRW, a division of DRW, the Chicago based trading giant Wilson founded and runs. The markets. Regulator accused the company of trading at least two billion dollars of cryptocurrencies, including Solona and Polygons Mattic without first

getting permission. The case hinges on the SEC deeming those assets as securities, a designation that imposes all sorts of requirements on traders like DRW. It's not drw's first tangle with the regulator. In fact, it's not even drw's first tangle with Gary Ginster, the SEC chairman. Back in twenty thirteen, when Ganser ran the USCFDC, the agency filed a lawsuit against DRW and Wilson himself, claiming that they manipulated the

market for an obscure interest rate swamp. Wilson and his firm denied any wrongdoing they had, They argued, simply discovered a lucrative arbitrage opportunity their competitors overlooked. They fought the CFDC and won big time. The judge indicates District Judge Richard Sullivan of the Southern District of New York Now, a judge in the US Court of Appeals for the Second Circuit, emphatically sided with Wilson after a four day bench trial, slapping down the CFDC sooth. In a scathing

twenty eighteen dismissal, he called the cfdc's arguments absurd. Wilson recalls that ruling fondly. So gains, There's always been a scumbag for the most part. For if you know your history. Even back in twenty thirteen, the US CFDC watchdog had faulted Gary Genser for his recusal from the mf Global probe. Go read up on that, so gains. There's a Wall Street rat running through these government agencies, and that's the problem with the revolving door. And now he's here doing

scumbag activities in the crypto industry. He seems to be a chaos agent against anything that's new, and that's disrupting the status quo for the stratify incumbents. But we've been talking about this for years, guys, and look the elections right around the corner. We know Donald Trump would fire

against her for sure. We are not sure about Kamala Harris, even though her team has said they're not happy with Gainser, but I'm assuming they will kick him out because he's just bad for politics and has been really bad overall. So we'll see what happens. But it's great that these people who defeated the SEC are coming out and calling out the SEC's unlawful and unfear attack against the crypto industry.

And Mark Cuban is one as well. He defeated the SEC in the past and he's calling out against her in addition to a bunch of other people now. One way gainst her will also be disarmed in addition to being fired is that Senator Elizabeth Warren is the one who has empowered against her and put him into office. She's the one that sends him the questions and answers ahead of hearings and much more. And John Deeton is

running against her. We're big fans of John Deaton, and if you're in a state of Massachusetts, vote for John. If you're outside the state, donate to John. And Ripple CEO Brad Garlandhouse came out public lyo on Twitter endorsing John, saying John Deaton has been a relentless advocate for the x RP Army and the entire crypto industry. Meanwhile, his opponent, Senator Warren, spreads misinformation and lies about crypto. I endorse

John enthusiastically and wholeheartedly in his run for Senate. For those of you in a position to do so, I encourage you to donate to his campaign as I have. Whether it's ten dollars or one hundred dollars, it all count. And most importantly, vote for him if you're in Massachusetts. So this is great. And he said he predicts a reset after the US election, and he criticizes the Biden

administration and their handling of all this. Now, one of the things we've been talking about for a while is crypto's spending in this election cycle, and those people who are anti crypto are getting destroyed in the polls and the elections, and the ads are running against them. Well, look at this. Bitcoin miners are entering the battle here. So bitcoin miners launch ad campaign in swing states to boost crypto friendly candidates. Bitcoin voter Pack is backed by

three of the biggest bitcoin mining companies. So before it was coin based Ripple A sixteen Z and some other folks who are part of the fair Shake superpack, raising over two hundred million dollars. Now you've got bitcoin miners launching their own pack and going after the people who are anti crypto and supporting the people who are crypto friendly. So it's amazing what's happening. If you told me about this in twenty twenty three, I wouldn't have believed you.

But I think the crypto industry finally woke up realizing they're dealing with a scumbag regulator and Elizabeth Warren who formed her anti crypto army, and the only way to fight back is to take the gloves off and punch back at the bully right, play nice, because we've seen they will take unlawful steps to try to shut down this industry and much more so that their trad five banking buddies can come in and take over. But the

industry is not going to let that happen. And we are on the winning side of history against and Elizabeth Warren are two fools. We will be left on an island by themselves because we see a lot of the anti crypto army folks are dropping like flies in the election, and many of them are backing out of bills they were supporting and co sponsoring. With Elizabeth Warren Roger Marshall being one of them, and I forgot the other guy's name, but it was a recent item where he backed out

of a bill too or took crypto out. So it's great, guys were winning. And be patient because this will all culminate to a more pro crypto friendly United States where clear legislation will be passed and that will unlock a lot more capital and adoption, which will boost the prices of the assets that you hold. And in addition to macro factors, right the money printing that's going to continue global liquidity and so forth. But you have these different

factors which will all be very bullish for the crypto market. Now, guys, quick word from our sponsor, and that is Constellation Network. Many of you may recognize this blockchain project. Their native token is dagdag. Earlier this year I had interviewed Benjamin Diggles, who's the co founder of the Constellation Network. They are building a really cool project and you know they're working with the US Air Force in testing blockchain and using it in different ways. Well, folks, they have a great

conference that is tomorrow. It's called the High Depth Conference and it is both in person and virtual, So if you are in the San Francisco, California era, you can attend in person, but for the majority of you who are probably watching and listening to this, you can stream this for free. So I wrote about it in my newsletter today and the event will feature speakers from Fortune

five hundred companies, Constellations executive Team, policymakers, and politicians. And you can expect big air drops and exclusive announcement folks, including updates on new partnerships such as Constellations collaboration with Panasonic and other groundbreaking partnerships. And as an attendee, you can participate in over ten thousand dollars worth of giveaways, including the exclusive DAG Token and Ltxtoken prizes. To be eligible for the giveaways, you must watch or stream for

free via the swap Card event app. So you can stream this on YouTube, but you won't be eligible for the air drop. So if you go to the link in the description, which is a swap card a link, you can sign up for free as a virtual attendee, you can throw your hat in the ring for the giveaway. So I will be streaming this, guys, because the folks at Constellation are doing some big things, huge partnerships, and like I said, they're working with the Air Force and

the US government on quite a few projects. And I will have one of the co founders on next week for an interview as well, so I'll try to get you guys as much information as possible. So check out the link in and description and I will definitely do some takeaways from it in tomorrow's podcasts as well. All right, guys, we've got some big news, and it's actually good news. I remember that Binance employee who's being held in Nigeria

due to money laundering charges, Well he's finally free. Binance's Gumbar Yon is free to leave Nigeria for medical treatment after money laundering charges dropped. And you know, one of the things I had talked about when this news broke months ago was that Nigerian government was kind of like holding him hostage so they could try to squeeze Binance

for some money. And you know, they saw the Binance settlement in the United States for four billion dollars, so they're probably like, man, we want some of that money, right, So, but they were unlawfully holding this guy clearly bs charges and he was not doing very well health wise. It shows the extent some of these governments will do to

get money. Nigeria's government has withdrawn the money laundering charges Finance Executive Tigrand Gambar Yon days Tigran Gambar jan I hope I said his name right days after a cord denied him bail. Local news outlet Punch reported on Tuesday. So this is good news that he's finally oud because his medical condition was deteriorating. It's pretty bad moving ahead, guys,

uniswaps permission less bridging goes live across nine networks. So UNSWAP for those of you who don't know, is a decentralized exchange and the biggest out there, and the SEC is actually going after them, sent them a walls notice and so forth, but powered by across protocol. Permission less bridging via the UNISWAP interface or wallet is now live across nine networks. Initially, bridging is possible with the theorem based arbitrump polygon opi Mayet, Zora Blast World Chain and

zk Sinc. So big update here around UNISWAP now Michael Saylor and Vitalic Bouterin are beefing a bit, and it comes as Vitalic criticized what Sailor had to say about self custody. Fatallic Booterin said, Michael Sailor's recent comments regarding regulated bitcoin custody concerns being mostly from paranoid crypto anarchists

were batshit insane. Sailor seemed to be explicitly arguing for regulatory capture approach to crypto Booterin claimed, now the statements essentially that Sailor made were kind of like anti self custodes of Italic, who I think was right in calling him out. However, Sailor this morning, seemingly backtracking or adding clarity here, said I support self custody for those willing and able, the right to self custody for all, and freedom to choose the form of custody and custodian for

individuals and institutions. Globally, Bitcoin benefits from all forms of investment by all types of entities and should welcome everyone. Now, as always, guys, I keep things real with you all. I'm not holding back anything, and I'll be as candid as possible. I think Michael Sailor is just an opportunist who he's using bitcoin to make money. Now, there's not

necessarily anything wrong with that. The point is, though he uses a facade of Bitcoin is the best and this and that, but when you see his actions and sometimes some of his comments, it tells that it's just a matter of boosting up micro strategy for him. He's not like a true bitcoin believer, like the ethos of bitcoin and hard money and Satoshi in the white paper and so forth. He said those things in the past, but you can see over time he's deviating from it, and

people are starting to call him out. Even some Bitcoin Maxi's now are going up against Sailor. They don't trust Sailor anymore. I saw Max Kaiser of all people tweet about Sailor and his comments, criticizing him. But what they don't realize is Sailor when he was telling you to sell your house and get a mortgage and so forth, just so you can buy bitcoin. When I saw, I was like, man, that is bad. He's gonna get people wrecked.

A lot of Bitcoin Maxis were still supporting him and so forth, but I started calling him out from there, and I interviewed the guy you know, back in twenty twenty. But you know, we got to keep it real. We got to call it as it is, guys, not sugarcoated,

not try to cover up anything. I don't take him as serious anymore because I see his agenda and I recall I think it was earlier this year where he was lying to a group of investors saying the regulator will never approve any all coined ets, bitcoins the best, and then literally a few weeks later, etherorem ETF was approved. So I was like, this guy's a liar. I tweeted out about it, and a bunch of people came, oh, no, he didn't mean that, and he said what he said.

So I see him as an opportunist. I think he tells people, you know, buy bitcoin, don't sell it, and so forth, because he's simply that benefits him and his company. He doesn't care about you and the ability for you to have financial freedom. He just talks his book and he puts out a narrative there that benefits him in micro strategy. So I'm starting to see this for what it is. A lot of people will probably disagree, but

make no mistake about it. Watch as things unfold. He's starting to depart from some of the statements he's made in the past, you know, in regards to the ethos of bitcoins. So I'm glad Vitale called him out, and I think this tweet here from Michael today is an evidence that he's trying to cover his tracks here now. Vietnam releases blockchain strategy aims for regional leadership. Vietnam's new blockchain strategy focuses on legal frameworks, infrastructure, and international cooperation

as it aims to boost innovation and build a thriving ecosystem. Folks, we are seeing the global adoption of cryptio and blockchain. It's what we've been talking about for years. Every country will participate. What if I said going back to twenty eighteen, twenty nineteen and so forth. Any country that bans this technology, they are writing their economic death center because the traditional assets will be tokenized on the blockchain, and this is going to be a big part in creating jobs and

driving GDP growth. It won't be the only factor, obviously, there's going to be other industries, but this is going to be a big part of it. If the world is running on blockchain and you're taking all your traditional assets and putting it on there, you've got to embrace this thing. You've got to set the infrastructure up, you got to put the legislation in place right. You got to make it clear what institutions can do and what

retail can do. We are seeing across the globe a move towards this industry and asset class, folks, and I hope you see it as well. I've been sharing these news items for years, and I hope it's resonating. I hope in the recesses of your mind, you are remembering these things and paying attention to what's happening. It's not making the big headlines on Fox, CNN, MSNBC and whatever mainstream media. But this is why we do our own research.

We go and look at the information like this. We look at what the regulators are doing, what the big money is doing, and much more, and take our position because the masses are not paying attention. They're focusing other stuff, their Netflix shows and the election and so forth. And they'll get me wrong, there's nothing wrong with those things. But there's a balance. Right at the end of the day.

We are trying to better our lives and get financial freedom and so forth, and there is an opportunity of a lifetime here and for the first time in history, the average joke can take part. They don't have to be accredited. They could be in any part of the world and get a cut of this asset class and technology. They can go build something in it, they can work in it and so forth. But obviously the investment aspect

is the biggest part. So I am so happy and I feel lucky to be here early that I recognize this, and I've taken the position I've made money in previous bull markets and I'm going to look into make significant returns in this bullmarket. And I'm sure many of you as well. So it's incredible what is taking place globally, folks. So the Ministry of Information and Communication announced the strategy on October twenty third, outlining several key objectives to develop

the country's blockchain capabilities. It aims to develop blockchain technology, establish relevant legal frameworks, and promote innovation in what it calls the Fourth Industrial Revolution. Do you want to know where that Fourth Industrial Revolution title comes from? In the context of crypto the World Economic Forum. I don't know how many of you recall I shared it maybe with you guys. A couple of years ago, or was it back in twenty twenty when they released that paper the

Fourth Industrial Revolution, it included blockchain and crypto and so forth. Now, if you're not doing your research, and you're reading headlines and you're listening to Jim Kramer, you wouldn't know this right. That's why I created this podcast. Folks. Big things are happening, and it's not for the masses, but for those who

are financially educated. And financially educated means you can be educated into how the stock market works, how markets were to macro liquidity, money printing, what's happening in specific industries, whether it's AI, blockchain and crypto and so forth. So you have to do your own research. So big things are ahead, folks. I'm very bullish. Let me know what you guys think. Leave your thoughts and comments below. Be sure to sign up for my free email news that

are on Substack. Today I put out an article about the stable cooin market reaching one trillion dollars and the catalysts and different things that are in line that could enable that very soon. And also grab a copy of my book Rethinking Cryptos, available on Amazon and paperback and digital. Grab a copy to support the podcast. If you bought a copy already, please leave a rating and review. It

will really help me out. And as I mentioned earlier, go sign up for that Constellation Network Virtual conference folks, and it's free to stream, and you can go via the swap card app and be eligible to win possibly some tokens. Why not? Right? All right, guys, check out the links and I'll talk to you all later. Pok pok, pok, pok pok post bott