🚨WILL THE SEC DISMISS MORE CRYPTO CASES THIS WEEK?(Kraken, Ripple, Uniswap) - podcast episode cover

🚨WILL THE SEC DISMISS MORE CRYPTO CASES THIS WEEK?(Kraken, Ripple, Uniswap)

Feb 24, 202515 min
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Episode description

Crypto News: Following the dismissal of the Coinbase and Opensea cases, will the SEC drop cases against Kraken, Uniswap, Robinhood, and pause Ripple XRP Case?
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Transcript

Speaker 1

Will the SEC drop more crypto cases this coming week following last week's big announcement around coinbase and open SA cases getting dropped. Could we see updates around crack in, UNISWAP, Robinhood and even Ripple this week. I want to share some details with you and we have big news around liquidity being unlocked from the Treasury, and I want to talk about the implications of this to crypto and the stock market and much more. Let's get into it. Hey, everybody,

welcome into the Thinking Crypto Podcasts. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in. Please at 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, we have big updates around the Treasury and liquidity injection that is coming. I've been telling you guys a bit about

this over the past couple of months. I've been highlighting it in my newsletter as well. Thomas and the More Market has been keeping a track on this and the title of his summary here is not QEQE is well underway, so essentially saying this is some sort of pseudo QE quantitative easing, and we know the FED is going to ultimately go back to that, right, all central banks have to go back to that, that is the Fiat system.

They raise the debt ceiling, they have to service the debt, so on and so forth, and of course that impacts global liquidity, and as global liquidity rises, asset prices rise. You see the correlation in the charts. So he says, here a liquidity injection of up to eight hundred and forty two billion dollars from the Treasury General Account TGA is ongoing. Things are heating up as the TGA balance starts to drop. Functionally, this is similar to quantitative easing,

but temporary. Here is what is happening. The debt ceiling induced drawn down of the TGA began last week. The TGA balance has continued to fall since then. It decreased by eighty one billion dollars liquidity injection between Thursday February thirteen and Thursday February twentieth. He says, here's my estimated

path for the TGA moving forward. So as you can see here from his chart, the decline and this is going to bode well for the global liquidity and the market, so you can start to see an impact on the stock market in crypto. And of course the timing aligns with what we've been talking about for months on months, guys, and that is March and April are usually very good for the stock market and crypto market seasonality wise. Then there's a little bit into May and then selling may

go away. So it's funny how all these things line up. And then in addition you have the DXY it is collapsing, so that's a very good sign for risk assets. So I think the macro backdrop here, guys, is lining up beautifully for this bull market to continue, and global liquidity is on the rise. So based on this information and data, I am very bullish, right. A lot of people are fearful. A lot of people are saying the top is in,

this thing is over. It's not base on the data now, And in yesterday's podcast, I did a full breakdown of the different data and charts, so I'm not going to do that again, but you guys can go look at yesterday's episode and listen to that if you want where I break all that down. But guys, I am seeing some very bullish things here, and it's things we've seen historically in previous bull markets. And once again there hasn't

been any invalidation of this market. Bitcoin is boring. Bitcoin is annoying right now, faking to the upside and downside, but still consolidating in a zone. You can draw a big, nice rectangle around the zone. It is not crashing to the downside. It's not pumping to the upside, right, So we got to be patient here, guys, And I think, as I've been saying, as we get closer to the end of February and into March, we're going to start

to see a reversal soon to the upside. And the macro backdrop matches up with this, in addition to the most pro crypto government that we have in place, and all the great things that are happening. And speaking of the great things that are happening, guys, obviously last week big news that the SEC is dropping the case against Coinbase, but remember just about a week ago they said they

were going to pause the case of Binance. So as we can see here a complete change of the SEC at one to eighty from what Gary againster was doing. So we got the pause in the Binance case, we got the coin Base case getting wrapped up right that was announced by Coinbase. Then the SEC dropped their case against open cd NFT platform. Well, the SEC still has cases against Crack in exchange unit Swap, which they sent a Wells notice to, Robinhood, which they sent a Well's

notice to. So could we see these get dropped this week? I think so, And I think they can't wait to drop these cases because then it will seem like favoritism towards Coinbase. You drop the coin Base case, but you don't drop the Wells notices which are very easy to drop against these other exchanges like unit Swap, robin Hood and Cracking. So I expect this week, guys, honestly, that

we see these cases drop. And that's very good because remember, specifically with kracking, many all points were named Solana, Cardano and so forth, which Gary Gensler was trying to call a security. So, guys, things are moving in the right direction here. And I know the Bibit hack really put a damper on the big news with Coinbase and open Sea on Friday, but it is what it is. We'll move forward from it. But I think if we get more good news out of the SEC that they're dropping

these cases, that will be really good. Now, I know, the big case that a lot of people want to see wrapped up is the Ripple case, But we got to be patient there. I like what attorney Jeremy Hogan said. His analogy is spot on. He said, the SEC broke up with Coinbase after a couple of dates. Ripple on the SEC live together and have a baby, so it's much more complicated. But you know, could they do something where they pause things, you know, certain aspects like don't

file any type of appeal or anything. Sure, you know, we could see that the SEC command say, hey, we're not planning to do any type of appeal or do this or that or whatever it may be. And that will be a very good sign. It will be a signal that, look, they're going to eventually wrap this up, but it's gonna take some time. So let's see this week, guys.

We could see some very positive news, even if it's just as simple as a signal as to you know, they want to wrap up this stuff with Ripple, that that would be very good and positive for the market. The member markets are forward looking. So they just need to know that, oh, this is a direction the SEC is going. We know what to anticipate when you know or what's going to come. So guys, keep your eyes out and ears open to what the SEC may do

this week. And once again, if they don't make a move soon with Crackett and Uniswap and Robin and they will be showing favoritism to Coinbase. So I have a strong feeling that they're going to come out this week and drop a lot of stuff. So I'm really excited about this, guys, and I'm hoping the SEC does the right thing here and gets it done. I trust in hester Purse and the Crypto Task Force and market it

as well. Of Course, the new incoming chair, Paul Atkins is not in office yet, so they may hold off on certain things to get wrapped up, like, for example, maybe the Ripple and Binance case, which is further along for Paul Atkins to come in to completely wrap those up. And remember the Binance case, they just paused it, so it's not like completely wrapped up. It's not like what they would Coinbase an open seat, just dropping the case

saying that's it. It's done. Right, So even a pause in some of these cases is a very good signal for the markets and for everybody involved. And remember the SEC, they are scaling back their crypto enforcement unit. We had gotten reports early in February that some in a special unit of fifty lawyers and staff had been dedicated to bringing in enforcement actions are now being reassigned. And this was according to a New York Times article. So things

are moving in the right direction. As I said at the beginning, we got to be patient, be patient with the market, be patient with the charge, to be patient with the SEC, and all these things. Things are moving ahead. People get very impatient, but things don't happen on our own pace, and governman does moves though, and market cycles have to play out. So guys, I am bullish on the macro. Things are headed in the right direction. And no invalidation that this bullmarket and all these news items,

all these cases getting dropped. All these things will eventually be priced in and lead to higher prices and remove the dark clouds of ambiguity and uncertainty around what's the security and what's not. So all this bodes well. Guys. Quick word from our sponsor, and that is Uphold. Uphold is a great crypto platform. I've been using there for years, since twenty eighteen. They have three hundred plus cryptocurrencies, Bitcoin and all the top all coins. They are very easy

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is coming from. So no nonsense here. It is legit and they're doing it the right way. So if you'd like to learn more about Uphold, check out the link in the description. Okay, guys, we got news that Michael Sailor's strategy used to be called micro strategy now is just strategy. They're hinting at resuming bitcoin buying. So Michael Sailor is going nuts, man. But that's a good sign that if he's buying, he's anticipating the higher prices are coming.

We're seeing this from many different institutional investors, so that's a good sign. Right. It's not the only signal we want to follow. We want to look at the charts, the on chain data, and much more. But this is one of the factors, you know, are what are the big institutional investors the whale is doing. So the company completed its latest purchase on February tenth, acquiring seven thousand, six hundred and thirty three bitcoin valued at over seven

hundred and forty two million dollars at the time. This brought strategies total holdings still four hundred and seventy eight thousand, seven hundred and forty bitcoin. That is incredible. According to data from Salor trackers, strategies. Bitcoin Stash is worth over forty six billion dollars at the time of writing, and the company's currently up forty seven point seven percent on

its investment. Sailor previously disclosed that the company sow to ramp up its use of intelligence leverage during Q one twenty twenty five to finance more bitcoin purchases and create more value for Strategy Commons shareholders as it continues to be the largest corporate holder of bitcoin. Guys, I have no problem with Salor or micro Strategy buying bitcoin. The problem is I am worried about the amount of leverage

they're using. I hope it works out. I know I've been saying this a lot, and some of you probably like, why do you keep repeating this, And I'm just like, I've seen what leverage, insane leverage can do. We go back into history, right, You got to learn from history so you don't repeat the same mistakes. Too much leverage is not good because you never know what could happen. And we know we live in a boom and bus cycle and things can come and change the way the

economic environment is and it could be really bad. So hopefully nothing bad happens, but the amount of leverage worries me, but Sailor looks like he wants to keep buying. And that's a good sign that you know, him and the other big institutional investors are expecting higher prices. Now, this news made me laugh. Sam Beg Murfreed always played both sides of the out despite new Republican plea. So Beg Murfreed is begging President Trump for a pardon. Bro, Why

the hell would anyone pardon you? You me? Come on, man, I guess it doesn't hurt in trying, right, He's got nothing to lose at this point. Please put President Trump pardon me. I guess he saw, you know, President Trump pardon Ross allbreak of silk Row. But it's a completely different situation. Backmer Fried stole a whole lot of money and screwed a lot of people, and he largely donated to the Democrats, but he also donated to Republicans as well.

And we know he was in DC trying to you know, lobby as much as possible while he was doing all the shady nonsense in the Bahamas, has his dumb girlfriend and clown friends running the exchange and losing money people who had no clue on what they were doing. They were not in the business of exchanges or trading a much more. They were hemorrhaging funds and then they had to eventually go steal the customer funds to make up

for it. But you guys know the story. But it's funny that he's, uh, he's trying to get a pardon here, Like, no, bro, you're gonna stay in prison and pay for your crimes. There will be no part gardens here. But it's funny that he's trying to do this. Guys, that's the news. Let me know what you think. Hoping that, you know,

we start to see the market bound soon. I think we will as we wrap up February and hopefully, you know, the latter half of next week bitcoins starts to move up, show some strength, and then has a strong weekly close next Sunday, and we head into March, you know, with some momentum. That is what I'm hoping. Doesn't mean that

it will happen. There's no guarantees there. I don't have a crystal ball, but once again, no invalidation of the bull market based on the data we have, and I'm hoping we get some good news from the sec that they drop more cases. So let me know what you guys think. Leave your thoughts and comments below. Guys, A great way you can support me is by subscribing to my free email newsletter. It's one hundred percent free on substack link of being a description. Check out my book

on Amazon. It's available in paperback in digital. You can grab a copy. And if you want to expand your crypto knowledge, check out my new course at mycrypto course dot com. This is a comprehensive course that covers every aspect of crypto from A to Z. Best of all, guys, this course features expert commentary. No other crypto course out there offers this. You will hear from founders, CEOs and institutional investors breaking down the different aspects of crypto and

it covers everything as I mentioned. And you pay a one time fee, you get lifetime access and you can share this access with your friends and family. Go at your own pace and you can view the curriculum on the site and take a look and see everything that's included. It's packed with value videos, full text writeups, downloadable materials, and much more so. If you'd like to learn more, go to mycryptocurse dot com guys, thank you for watching

and listening. I appreciate you all, and I'll talk to you all later

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