40 Burst results for "Davidson"
A highlight from CONGRESS DEMANDS BITCOIN ETF APPROVAL - GENSLER GETS REKT | SB Originals
"You refuse to be transparent with Congress regarding your interactions with FTX and Sam Bankman -Fried. That's the investigation we started last Congress. Finally, your lack of responsiveness to this committee's legitimate oversight continues to be unacceptable. And I want to finish here. In February, the committee made multiple requests for documents to the Securities Exchange Commission. This is normal congressional oversight. Yet seven months later, the committee has not received a single non -public document that was not part of a FOIA production. As I said, our patience is wearing thin. The SEC is not above the law, nor is it unique. Other financial regulators have routinely complied with congressional oversight. So let me be clear. I do not want to be the first chairman of this committee to issue a subpoena to the Securities Exchange Commission. And you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress is a co -equal branch of government and is responsive to our oversight duties, or my option is to issue a subpoena. It's time for you to consider the lasting consequences of your actions and what that means to the Securities Exchange Commission's reputation long term. While your time in this role may be temporary, the repercussions for your actions may be permanent for the agency. I yield back. What's up and welcome back. You know, they say when you're on the hot seat, the burns can last a lifetime. And the other night the hot seat was in Congress and Gary Gensler was feeling the heat. We got a lot to cover. Let's get it. All right, let's get it started here. This was just in full letter to the SEC, and this was on September 26th and addressed to Chairman Gensler. It included Representatives Mike Flood, Tom Emmer, Richie Torres, and Wylie Nickel, and they claimed the SEC continuously is discriminated against spot Bitcoin ETFs. And then we have this from Representative Warren Davidson, Gary Gensler must be held accountable. And then if you guys look at the tweet here throughout his tenure, Gary Gensler has blatantly ignored Congress, be it when considering rulemakings or responding to lawmakers oversight requests. Republicans continue to bring long overdue accountability to Gensler's SEC. Republicans are holding SEC Chair Gensler accountable. They even went so far as to say, all right, let's bring in subpoenas or maybe we should just fire this guy. He went further. Gensler's failures are many. That's why I introduced the SEC Stabilization Act to fire Gary Gensler. He'll see you in the hearing. And we've got so much of the hearing to get to. It was honestly out of line in some regards, hilarious. But let's get to it. And we're going to go ahead and get it started here with the GOP majority whip, Tom Emmer totally crushes Gary Gensler. Here's one quote. It cannot be understated. A common theme throughout your career, sir, is your relentless loyalty to the largest financial institutions at the clear expense of innovation, competition and everyday Americans. Let's roll the clip. Chair Gensler, I have a series of questions that require a yes or no answer. And in the interest of my limited time, I'd appreciate it if you would comply with it. Mr. Gensler, is it fair to say generally that large institutions in any given industry benefit more from regulatory uncertainty than everyday market participants or smaller institutions who don't have the scale or the capital to fund expensive compliance teams? Large institutions could benefit from uncertainty. Reclaiming my time. The answer is yes, sir. Mr. Gensler, you had an 18 year career at Goldman Sachs where you were partner and co -head of finance, correct? Yes, sir. Thank you. And is it correct to say that you made most of your personal wealth directly through your employment at this bank, Goldman Sachs? I've done well since then, too, sir.
Fresh update on "davidson" discussed on The Charlie Kirk Show
"You know, we always come up to the end. And this time I look, I think McCarthy, by pushing it off, 45 days, got the best possible deal from the circumstances that everybody put it because, you know, again, he doesn't have absolute power. As we're seeing right now, he's got to herd 218 cats. And, you know, it's hard enough to herd two cats. This was going to happen eventually anyway, because there are rewards for doing this. If you look at Matt Gaetz, Matt Gaetz has gained more attention than he will ever get in the has ever had and will ever get in the future right now, because he's perceived as damaging the Republican brand, which it appears to me he's doing. But he gets a reward out of it. He wants to run for governor. He doesn't intend to be in the next Congress, necessarily. Now, let's see what he's got to lose. There is there is a chance, but it's a small chance that, let's say, Chip Roy or a more conservative become speaker. Is that? But it doesn't seem as if that is going to happen. Because, by the way, Nancy Mace is voting to vacate Kevin McCarthy. She's the most like a rat. She's all over the place. I just I get a kick out of her. I got to be honest. Get into the Chardonnay again. No, Nancy Mace votes to vote. She votes for a criminal referral against Steve Bannon. And then she goes on a Steve Bannon show like nine months later. And now she is she just does whatever she wants. It's it's actually maybe she wants to be speaker. Maybe that's what she maybe she wants to be speaker. So all she does is speak. I haven't seen her do anything but run her mouth. Um, it look, if you're on the side of Nancy Mace with all the Democrats, this is what I call an indicator. This is where you go, wait, time for a personal inventory about the path I've chosen. So let's play Cut 42. Let's play Cut 42. Mr. Speaker, I rise to a question of the privileges of the House and offer the resolution I previously noticed. The clerk will report the resolution. House Resolution 757 resolved that the office of the Speaker of the House of Representatives is hereby declared to be vacant. The resolution qualifies as a question of the privileges of the House. For what purpose does the gentleman from Oklahoma seek recognition? Motion to table at the desk. The clerk will report the motion. Mr. Cole of Oklahoma moves to lay the resolution on the table. So the only question that remains is who's going to vote present or will the Democrats break with the caucus, which won't happen because they don't want, you know, they're dead Pomeranian in the bed. So it's just a simple majority at this point. And again, the present votes could change the math a little bit. Right. So that. Yes. So it's not that the cake is baked, but it certainly looks like it very well might be baked. But Matt Gaetz, Ken Buck, Andy Biggs, Tim Burchette, Sparks, Davidson, Rosendale, Mace and Goode are forcing the vote. So those are 10 votes to say that we want the vote, how they will vote. We will see. And I think it only takes three or four if every Democrat goes with them. And so then let's just build this out, Kurt. So that means literally we're going to go right back to where we were in January. All the committees are going to be put in suspension, all the looking into Merrick Garland, all the weaponization of government stuff at the FBI, all the January 6th stuff. That's all kind of put in suspension. We had 15 rounds last time and we're going to start again. So, Kurt, walk us through deja vu all over again. Well, first thing Matt Gaetz does is walk off the floor of the house to an adoring throng of regime media people who are going to love him for the next 15 minutes. And that's going to be wonderful. Jamal Bowman is sitting there going, yeah, I'm forgotten in all of this. Donald Trump is up in New York experiencing a witch burning, the likes of which our country has never seen. But we're not going to cover that because Matt Gaetz and his pals have to get their time in the house. Ken Buck's going to go get his CNN contract. Bob Gooda, Virginia, is going to tank the legislative agenda, legislative elections in Virginia. This is just great stuff if you're a Democrat. And it is going to be kind of aligning with the Democrat. Right. So so but the question but here's the question and I don't know the answer. And Nancy Banks. Well, yeah, I don't the most unpredictable member of Congress I've ever seen. She's totally predictable because, mark my words, tomorrow she's going to get on like MSNBC, like with Scarborough. And she's going to be like, I can't believe how dysfunctional Congress is. We have to work together to build bridges to a brighter tomorrow. No, that's right. On Morning Joe, on Morning Mika, or she might start the Mace for Speaker campaign. So Mace for Speaker. Nancy Mace is to Republicans what Mika Brzezinski is to the institution of marriage. I'll let everyone do that math. Let's let that sink in.
A highlight from Congressman Warren Davidson Interview - Crypto Regulations, SEC Gary Gensler Hearing & Subpoena, Bill Hinman Ethereum, CBDCs
"Oh yeah, I mean, I think book Gensler should have been subpoenaed already. I mean, I think the amount of patients that chairman McHenry shown, I mean, maybe that's why he's the chairman. He's like more patient study, kind of working it more diplomatic. Like, yeah, I think the subpoena was due like in February. This content is brought to you by link to which makes private equity investment easy. Link to is a great platform that allows you to get equity in companies before they go public, before they do an IPO within their portfolio includes crypto companies, AI companies, and FinTech companies, some of the crypto companies you may recognize include circle ripple chain, analysis, ledger, dapper labs, and many more, if you'd like to learn more about link to please visit the link in the description. Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews with me today is Congressman Warren Davidson, who's a Republican out of Ohio, Congressman Davidson. It's great to have you on. Yeah. It's an honor to join you. Thanks. Yeah. Congressman Davidson, I've followed you for years and all the great work you've done with legislation around crypto. I think you were boy was maybe the first, if I, as far as I remember going back to the token taxonomy days and things like that. Uh, but before we get to all that, you know, tell us about yourself, where you're from and where'd you grow up. Yeah. So I grew up in Ohio, um, a little North of where I live now. So, um, graduated high school in the eighties, 88 listed in the army and, uh, got sent over to Germany when the wall Berlin wall was up, you know, the cold war was there and there, uh, wall separating the East and the West went through East Berlin and got to be there when that came down. And, uh, I'll just say like the people on the other side, weren't looking for more government. They were looking for more freedom and it was definitely a life -defining experience. Uh, from there, I got to go to West point, which, so that's not the normal way you go to West point, but, uh, it worked for me and, uh, graduated, went back into the infantry, served in range of regiment, 101st airborne division, uh, the old guard, you know, so some great units, but ultimately decided I needed to get out and go into a business. So my wife and I, and two little kids at that point in time, moved back to Ohio and, uh, started manufacturing companies, went to Notre Dame, got an MBA, and we basically had a little group of manufacturing companies. And that was what I was doing. And John Boehner resigned as speaker of the house. And a couple friends stopped in and said, Hey, you know, who are you going to back in the race? And I said, Hey, you know, you guys are the political people. And they cracked really a joke. They go, you know, it'd be great if there was an army ranger business guy in the race. So we just laughed and I went home and told my wife about my day. And she said, well, what'd you tell them? Like, well, we just laughed. Cause it's crazy. And she said, no, it's not. You'd be great at that. Well, here I am. So that's been like, you know, gosh, over seven years ago now. So it says it's pretty crazy. So in Congress, I got here and very few people knew much, very few elected office holders knew much about crypto. And I was new on the financial services committee and, uh, you know, kind of started that kind of army ranger business guy, the business guy, financial services also on foreign affairs. And, you know, that's, it's been a, it's been an interesting time to be in politics. Right. Oh yeah. Uh, well first thank you for your service. And, uh, it sounds like that wasn't, uh, just an incredible experience you had with the Berlin wall and so forth and being over there. Um, that must've been something, uh, life -changing it sounds like. Oh yeah. And look, I mean, the military offers a great opportunity for so many people. I mean, it's not a perfect fit for everybody for me. I just love that I got to be a part of it and it turned out phenomenally well for me, but it really is, uh, a great, a great thing to do and, you know, a lot of phenomenal people they'd go in and give a portion of their lives in service. And then unfortunately for frankly, some of my friends and others, they give their full life, um, you know, lost in combat or occasionally a training accident or something, but, you know, it's a serious commitment, but it is really cool that I had the chance to do it. Wow. Um, so let's talk about, uh, some of the work you've done in the crypto legislation front, because I remember as far as I can remember, uh, I, the token taxonomy act being maybe the first crypto legislation, and you can correct me if I'm wrong there, but, um, you know, tell us about the history of the different bills and things you've worked on. Yeah. So when I first got to the committee, you know, it was January of 2017 and, you know, you remember 2017 was like the ICO market people like, oh, you know, I could just write a white paper and kind of skip everything. And there were really good use cases, people trying to do things honestly. And then unfortunately there were just some outright pump and dump scams where people were being taken advantage of. And I'm like, where's the sec. You should be cracking down on these scammers and, uh, you know, they weren't really, you know, reacting well. They didn't really know who was going to do what. So there was this void and, you know, I was trying to get hearings on this subject and you, as the new guy, you don't get to choose which hearing. So this goes all the way into 2018. And, uh, we really couldn't get focused as a committee on the issue. Uh, so I was like, well, I can at least have a meeting. I mean, we won't be able to call it a hearing, so we'll have a meeting. And we did this thing at the library of Congress and it started out with a goal of getting about a dozen people together. And by the end, we had to cap it at 50 and like, people were like, oh, I want to send my CEO and I want to send my general counsel on, you know, we had some of the biggest names in, in, uh, not just crypto, but, you know, venture capital, you know, the New York stock exchange fidelity state street, I mean, you name it, any Andreessen Horowitz, you name it, the big players, we also are like, look, we got to have some startup companies and some founders that no one's ever even heard of some of those kind of knowing that still is heard of. They kind of went away. Uh, but a lot of them have really turned into some of the biggest names in crypto over time. And it was just an interesting conversation. So the goal was this listening to everybody and say, well, how, if we're looking at a tree, how far up can we go before everybody's interest starts diverging and branching out in a different way? And we want to kind of go up to that first level of branches and say, this is the consensus. If you solve these things, uh, you could provide a really difference making piece of legislation. So that was the token taxonomy act. Darren Soto, a Democrat from Florida, and I led the bill and man, think how different crypto would be if we had passed that bill in like 2018.
Fresh update on "davidson" discussed on Sound ON
"We expecting then a vote on the There's some flexibility here on exactly what would happen next, but this does need to be decided in, I believe, in the next two days. Congress can do fun things like extend a legislative day past midnight into the next day. They really wanted to drag this out. So it's unclear. This is was even a motion to vacate the chair. An effort to oust the speaker was in 1910. It's been more than a century since we've seen anything like this happen, and it's never been successful now. There have been efforts to oust former House speakers, and even just the threat of that has been successful as part of the reason why John Boehner is no longer speaker of the House, for instance. So the fact that you've got 10 Republicans that are now voting, at least procedurally, to oust Kevin McCarthy and moving toward a final vote to vacate the chair is really extraordinary. Apparently Democrats have a bit of an attendance issue. Nancy Pelosi will not be there. We were supposed to talk earlier with Congresswoman Chrissy Houlihan. She's on the floor, trying manage to all for of this Democrats. Does the attendance, does the Democratic quorum change the outcome of this vote? Or we're done here? It could. It depends on how many are absent. I believe there are five on a previous unrelated procedural with the actual vote that we're absent. So the question now becomes, do they make their way to the floor in time? It sounds like Congresswoman Amelia Sykes, for instance, from Ohio is on her way. Maybe former House Speaker Nancy Pelosi gets there from the airport after in time being in California for the delivery of the late Senator Dianne Feinstein's remains to San Francisco over the weekend. And the key question here is obviously not how they will vote. Democrats have decided that they're going to vote in favor of this motion to oust McCarthy from the speakership, obviously being not fans of how he has run the House over the last nine months and change. The question becomes, if there fewer are Democrats in attendance, that actually lowers the threshold that McCarthy would need in order to retain the speakership. It's only a majority of those present and voting. And so if there are Democrats absent, that makes it easier for McCarthy to get over the finish line, even if he's losing members of his own party. Some of the votes that the Republican votes against tabling the motion include Davidson, Crane, Buck, Sparks, Biggs, Rosendale, Gatesnotashocker, and Bob Goode, Goode, or any of these names a surprise to you, Zach? And some of these are moving targets. I believe I think Davidson had already changed his vote, and so when the gavel comes down, that'll be the final record. But a lot of these folks are those that have been Kevin opposing McCarthy, especially on procedural matters, for basically since he took the gavel voted or against him during the week -long balloting over the speakership that folks will remember from January. And so some of these folks have had concerns about McCarthy for a long time, and this is just an extension of that, and obviously Gates has been the front man for this effort at being the one to bring this motion to vacate the chair to the House floor, but it does seem that there's at least nine other Republicans that are backing him at least now, and we'll see how the next couple of hours go. There's a couple of interesting people like Nancy Mace that I think would be worth keeping an eye on as we go along. In conversation with Congressman Ben Cline earlier in the broadcast, Zach, of course Freedom Caucus member, he voted for Kevin McCarthy as speaker and has been seen as an ally even as a member of the Freedom Caucus, but he would not tell me, and I asked him a lot of times, what he plan would to vote today if the motion to vacate actually came before him. How many members of the Republican Conference are making up their mind in real time today? I mean there were closed -door meetings with both Republicans and Democrats just this morning that we were staking out and it was really the last opportunity for McCarthy, for Republicans, and Jeffries, for the Democrats to sort of whip their folks into line. You'll notice this is a largely party line affair with the exception of these 10 or so Republicans that are voting against McCarthy at the moment. And so I think lot a of members of Congress are interested in maintaining the party line where possible. If you're going to break with that it has real implications, not just politically, but under the dome if you're opposed to Republican leadership or any leadership of any party, it tends to have ramifications for the rest of how you do your job. So folks are not quite ready to jump on that unless they're really willing to. I guess what's the saying? If you aim for the king, best not miss. I think that's probably the thought factor here. Boy, how true. about How the irony of Nancy Pelosi who encouraged Democrats to vote to oust, or at least not defend, Kevin McCarthy is not able to make this vote. She got tied up at the airport again, Zach. Yeah, right. She was in California escorting the remains of the late Senator Dianne Feinstein, her dear friend from San Francisco, fellow California Democrat, and appears to have been making her way back to Washington. And it sounds like the House is actually now voting on considering removing Kevin McCarthy as speaker. That first procedural vote was successful. And so this is a rather historic moment we're seeing on the House floor. And obviously Pelosi and McCarthy have been antagonists for a long time. Pelosi was speaker. Welcome. McCarthy was minority leader. And we're often at loggerheads on any number of important policy issues. Zach Cohen, thank you so much. I appreciate your stopping down. I know how busy things are up there. We want to bring our listeners and viewers Let's put an ear on what's happening as this motion to table has failed. Thank you. Sounds like a bit of a moment of silence. They didn't see me coming. We just heard from Matt Gaetz, the congressman from Florida speaking. Thank you, Mr. Speaker. Like so many others, I deeply regret that we are here in what was a avoidable situation. I must take you back to January, however, which for many of us about not repeating the failures of the past and letting Republican voters across country the down once again, when in the past, for many years, when Republicans have had majorities in this chamber, we have passed our major spending bills predominantly with Democrat votes, something the other side of the House has never and would never do with majority control. Back in January, I expressed my concern that
A highlight from SEC GARY GENSLER DELAYS BLACKROCK BITCOIN ETF, ETH FUTURES ETF APPROVED, RIPPLE FORTRESS, PAYPAL CRYPTO PATENTS
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit 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, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start off with big news from the SEC. They have delayed a bunch of Bitcoin spot ETF applications, and the applications includes BlackRock's, Bitwise and some others. So not denials, but delays. So corrupt scumbag regulator Gary Gensler continues his clown show. We know he has approved futures ETFs, and in fact, we got news that Valkyrie got their approval for an Ethereum futures ETF. So why is he approving these futures ETFs without hesitation? Because, folks, they can be used to manipulate the market and drive the price down, right? It allows for folks to short the market. And that's why a Bitcoin futures ETF was approved, multiple Bitcoin futures ETF were approved over the years. And yet the SEC kept denying spot ETF approvals. And we know in the Grayscale lawsuit, the three judges said the SEC was arbitrary and Bitcoin spot ETF. So we have to keep putting the pressure. Again, we have a delay here and I think we can expect more delays, right? Until Gary starts feeling the pressure and we saw members of Congress send letters to Gary asking him to approve the Bitcoin spot ETF and highlighting the Grayscale lawsuit. So I think eventually the pressure will be on him where he's going to have to do this. And in one way, in one way, this is a good thing that it's not getting approved now, because in my opinion, I believe the Fed is going to continue to raise rates till the end of the year. And they're going to pause officially in Q1 of 2024, where I believe they're going to start quantitative easing next year. So global liquidity will come back. Right now we are in a tightening cycle, rates are up, inflation is still an issue. So the markets are not really primed for a lot of capital to come in. That doesn't mean that the approval can happen now. But in my opinion, the approval news will help drive the price up and eventually as these products are fully launched by BlackRock and others, a lot of capital will start flowing through them. So in a way it's a good thing, but still on principle, it just shows Gary Gensler is a scumbag regulator. So once again, Valkyrie got their futures ETF approved by the SEC, so expect more volatility around Ethereum. Now, speaking of Bitcoin, a luxury car maker, Bugatti, and that's a very expensive luxury car maker, Bugatti cars, many of them are like a million dollars and over, officially launches Bitcoin ordinals collection. So really cool that big brands are adopting crypto in different ways, whether it be tokenization, NFTs, and much more. The issue is the Bitcoin blockchain cannot handle these things. It more adds congestion to the network, which increases time of transactions as well as costs. So it's not made for that. And I know there are folks who say, oh, you know, this is a good thing, but I don't think it's a good thing for Bitcoin. I think there are other blockchains out there that can handle these things and not have ridiculous costs and fees. So but I think overall, this is good for the market. Now Ripple CEO, Brad Garlinghouse, tweeted out the following today, a few weeks ago, we signed a letter of intent to acquire Fortress Trust. We've since made the decision not to move forward with an outright acquisition. The Ripple will remain as an investor in Fortress. The Fortress team is incredibly talented and has built products solving real customer problems. While this outcome is different from what was originally planned, we'll continue to support them and hope to work together in the future. So obviously, we don't know the details as to why they're pulling out here, but they will remain an investor. So just an update on that, folks. Now a quick word from our sponsor, and that is Uphold, which makes crypto investing easy. Uphold is a great platform that I've been using since 2018, so I can certainly vouch for this platform. They have 10 plus million users, 250 plus crypto currencies, and they're available in 150 countries. You can also trade precious metals and equities on this platform. If you'd like to learn more, please visit the link in the description. Now we have big news around Coinbase. They tweeted out today, the expansion continues. Thrilled to announce that Coinbase International Exchange has secured regulatory approval from the Bermuda Monetary Authority to enable perpetual futures for non -U .S. retail customers. You may have seen the phase two of our go -broad, go -deep strategy for international expansion. Providing greater access to go -broad products, including derivatives, is a crucial part of that strategy, all with the support of forward -looking regulators. Coinbase Advance will begin to offer perpetual futures trading in the coming weeks as access to regulated derivatives expands to more global customers. So really big win here for Coinbase, obviously it excludes U .S. users, but they're going to be able to offer futures trading and much more to many parts of the world. And if only the United States could get its act together and pass regulations and do the right things, you know, U .S. users could benefit from this. But you know, once again, we're dealing with clowns like Gary Gensler. Now PayPal patent apps signal an interest in Layer 2's NFTs. PayPal continues, folks, to just go aggressive in the crypto market. Obviously, recently they launched a stablecoin. We know back in 2021, they launched crypto trading for both PayPal and Venmo. They've been four patent applications, which were published since September 21, suggesting that PayPal is taking a close look at distributed ledger tech. So they're going all in, folks, and I don't blame them, right? You better innovate and adapt to the new disruptive technology, or you will be disrupted and be put out of business. Just ask the folks at Blockbuster what happened to them as Netflix and the internet and streaming and much more went and took their lunch. So really, really bullish. Let me give some details on these applications. The most recent application, published Thursday and originally filed in March of 2022, delves into the details of how validators or miners should be selected during the process of adding transactions to the blockchain. The document states that the company's disclosed techniques could advantageously allow steering of blockchain requests to a desired subsets of miners slash validators. Three other patent applications released on September 21 were also filed in March of 2022. One offered up supposedly new methods and systems to enable off -chain transactions through NFT marketplaces. Boy, imagine PayPal launching an NFT marketplace. Another mentions the concept of a so -called omniverse, which in this context suggests a product that deals in multiple metaverses. The third describes another conceptual online transaction processor. This processor's goal is to facilitate payments between users and merchants operating on different network layers, layer ones and layer twos in a more efficient manner. So essentially looking to build interoperability, that is going to be key. And notice users and merchants, right? So you may have users, let's say on the XRP ledger and merchants on the Polygon blockchain, how do they connect, right? And I'm just giving an example, obviously they mentioned layer one and layer twos here. So it could be like Ethereum and Polygon is a layer two scaling solution, but also there's going to have to be compatibility with different blockchains. So really great stuff here from PayPal and a sign of what's to come folks. This is a stuff that makes me very bullish. Now Circle, they're expanding USDC on the Polygon blockchain, and that's going to be launched on October 10th. So Circle continues to make smart moves here, pretty much getting USDC on all the top blockchains. And once again, there's going to be interoperability and much more. So the ecosystem continues to grow. Now folks, some of you may have seen this, the New York Post did an article saying the Winklevoss twins, Tyler and Cameron, secretly withdrew $280 million in assets before the crypto firm collapsed. This is according to sources, right? So they didn't provide any proof. Well, the folks at Gemini, they addressed this issue and gave some clarity that it's actually false. They said, we are disappointed that the New York Post has chosen to recklessly publish a completely misleading story about the Gemini earn program. Everything the post alleges in its story is the exact opposite. The $282 million that was withdrawn from the Genesis in August of 2022 was in fact earned users money. It was not Gemini's corporate funds, and it was not the personal funds of our founders, Cameron and Tyler, or their investment from Winklevoss Capital. So they clarified that, but kind of a hit piece here from the New York Post. Now folks, speaking of the Winklevoss twins, Mark Zuckerberg, and many of you know the history of Facebook with the Winklevoss twins and Mark Zuckerberg, well, Mark was interviewed on the Lex Friedman podcast, and they did it through the metaverse. People have been roasting Mark and his version of metaverse for years, they've lost billions of dollars. Look, I've even roasted him a little bit, right? Because their metaverse product was not great, but boy, have they made a huge leap. Guys, go check out the interview with Mark Zuckerberg on the Lex Friedman podcast. They did it through the metaverse using the Oculus, and the new feature is this lifelike representation of their faces and their upper body, essentially, and it is incredible, folks. It is incredible. You have to see this. And you may say, Tony, why are we talking about this? Well, folks, this metaverse set up with full immersion, right, will eventually include a lot of NFTs and blockchain and tokens. It's all part of the same technological adoption. You're going to see more tokenization, once again, everything running on the blockchain, and you're going to need the blockchain in the metaverse because it's going to be hard to plug in Web2 payment apps, right? It's going to be hard to go use PayPal in the metaverse versus using stable coins or different tokens to exchange value. So this is incredible. I'm really blown away by what Mark and the folks at Meta did here. And I'm not some big advocate of you must live in the metaverse. I believe the metaverse is going to be useful. I think with everything in life, you've got to have balance. Will I be participating in some metaverses? Yes. Will I be spending all my time in the metaverse? No. I will be out getting fresh air, touching grass, going out for walks and so forth. That is how I grew up. Obviously, we live in a digital world, but we have to balance it out. But future generations, if you're listening, some of you younger kids, somebody listening to this 10 years from now, please don't be fully immersed in the metaverse. Have a balance, spend some of your life outside of it. But folks, this is incredible. Go check it out. Finally, some more good news here. Our judge denies temporary release for Sam Bankman -Fried suggests he could face a very long sentence. That is music to my ears. I love it. This guy is a fraud, a liar, a criminal. He should go to jail along with Alex Mashinsky. And we have to make sure we do a good job of flagging these guys, man, because we don't need this kind of stuff in the crypto industry. We're trying to mature, have good infrastructure and avoid any type of corruption and criminal activity as best as possible. Obviously, it's hard to stop those things. They happen because it's part of human nature. Just look at Bernie Madoff. He was in the most regulated financial markets, yet he was scamming people out of millions, if not billions. I hope this guy goes to jail for a long time and he doesn't get off because we know his parents are connected politically and there's a whole bunch of stuff that's been happening there where money from FTX was funneled to his parents. So, you know, I hope they are all held accountable, folks, friendly reminder, my interview with Congressman Warren Davidson will be published tomorrow. So be sure to check that out. Make sure you got the subscribe button hit, hit the five star rating on the podcast platforms. And I'll talk to you all later. Bye bye.
Fresh update on "davidson" discussed on WTOP 24 Hour News
"DC. The Wharf hosts the three -day because they're funny comedy festival. It's this weekend. Our whole mission diversifying is the entertainment landscape. We've been doing it for film and TV for almost three decades and now we're gonna do it for comedy. Founder Jeff Friday screens the mecca of comedy documentary at Union Stage. A local filmmaker out of DC directed a documentary about the history of black comedy in the DMV area. That movie actually inspired our closing night show. After that it's the DMV black comedy homecoming show at the anthem. That show I'm really excited about because we're reuniting some of those top names. Pierre, Joe Claire, Donnell Rollins, Tommy Davidson and Red Grant. We have all the info on wtop .com. Jason Fraley, WTOP Well Taylor Swift has apparently given a boost to the NFL's ratings. 27 million people tuned in to watch the Kansas City Chiefs play the New York Jets on Sunday night made that game the second most watched NFL of game the season behind only the September 7th season opener. NBC attributing the strong performance partly to the attendance of Swift. She's rumored to be dating the chief star tight Elsie. Sports at 25 and 55 powered by Maximus, moving people and innovation forward. Alright Dave Preston, take it away. Commanders may be facing Chicago Thursday evening, but right now they're confronting a defense that's allowing 30 points per game almost a quarter of the way through the season. What is going on head coach Ron Rivera? Well I think you know one of the things that we're most certainly working on is trying to eliminate some of the explosives we've allowed that's been unfortunate and untimely. And then continue to work and continue create to takeaways. You know we've had opportunities we just haven't we haven't gone through with it. WTLP's George Wallace will be practice at today tweeting or posting on X at G Wallace WTLP and we're just gonna throw this out there Perhaps prime time is not the best window for the New York Giants. Last night's loss to Seattle means they've fallen on Sunday Monday and Thursday nights by the combined score of 94 to 15 Wildcard playoff baseball round begins the today with four games Texas -Tampa Bay is the series that sends the winner to Baltimore that game one begins at 3 this afternoon Miami Philadelphia is the one the Nationals fans will watch with what -ifs in their heads from Trey Turner suiting up for the Phillies to the Marlins making the playoffs thanks to an 11 -2 record The against Nats along those lines our final Nationals notebook of the season is up on the sports page at WTOP com Dave Preston WTOP sports thanks Dave 1156 money news brought to you by the Crohn's and Colitis Foundation the Crohn's and Colitis Foundation has been at the forefront of inflammatory bowel disease research and care for over 50 years learn more about research education and support at Crohn's Colitis Foundation .org dad's doctor says it's time to focus on quality of life and comfort I'm not sure where to start I'm glad you called Jessa we can help when you reach out to Jessa our hospice nurse will meet you at home for an assessment that's completely covered
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Fresh "Davidson" from WTOP 24 Hour News
"Safe digging is a matter of steps steps to get you home safely at the end of the day. Follow the entire safe digging process. Contact Miss Utility before every dig. Confirm responsible utilities and only hand dig within 18 inches marks. of the Visit Miss Utility dot net or call 811. Before you dig. Every day it's the law. This is WTOP news 953. heart The of Annapolis will look very different if a just unveiled design is approved. The plan includes new a city dock welcome center aimed at bringing back the city's working waterfront. It would encourage everyone to pull their boats up to the dock, shuck oysters right there and sell them right there. Also a water pumping pumping station would be built under compromise street to finally control the area's frequent flooding. The Capital Gazette reports the projected cost is eighty eight million dollars. The city is counting on federal funds to cover most of it. The design now goes before the city's planning commission for approval. The founder of the American Black Film Fest is launching There's a a new comedy new fest in DC. The Wharf hosts the three day because they're funny comedy festival this weekend. Our whole mission is diversifying the entertainment landscape. We've been doing it for film and TV for almost three decades and now we're going to do it for comedy. Founder Jeff Friday screens the mecca of comedy documentary at Union stage. Local filmmaker out of DC directed a documentary about the history of black comedy in DMV the area. That movie actually inspired our closing night show. After that it's the DMV black comedy homecoming show at the anthem. That show I'm really excited about because we're reuniting some of those top names. Pierre, Joe Claire, Donald Rollins, Tommy Davidson and Red Grant. We have all the info on wtop .com. Fraley, Jason WTP news. Sports at 25 and 55 powered by customers moving people and innovation forward. Dave Preston Monday night football was kind of hard to watch. You know best the thing is that it's past us and we don't have to tell you oh gosh. Seattle smacks the New York Giants 24 to three sacking giant quarterbacks 11 times daniel jones passer rating after four weeks is 33rd the league in and this just in
A highlight from SEC GARY GENSLER HEARING & SUBPOENA SOON? COINBASE CRYPTO ADVOCACY WITH NANCY PELOSI!
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit 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, Apple or Google, please leave a 5 star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, as you all may know, Gary Gensler testified before the House Financial Services Committee today. He got grilled. He got a lot of pressure questions and things that he was shaking and unable to answer. It's the same old nonsense. And I'm sure many of you saw the clips, so I'm not going to play a whole bunch of clips for you, but I'm going to give you the big takeaways. What can we expect next? And McHenry, Patrick out of the gate, started grilling Gary Gensler. He asked him, is Bitcoin a security? And Gary was like stumbling, like he couldn't even answer it. And of course, you know, Patrick McHenry was like, what are you doing, man? I'm giving you softball questions. You can't answer me. Is Bitcoin a security? So Gary Gensler continued his clown show. This guy's a scumbag regulator, as I've been saying for a long time, and needs to be fired. But the big takeaway from what Patrick McHenry said, folks, he threatened Gary Gensler and said, don't make me have to send a subpoena. And he highlighted that Gary has not sent documents about FTX. He highlighted Gary's losses in court and much more. So I think the next step, you know, I haven't seen this level of threat about a subpoena from these folks. So I think we're getting there, folks. And I'm actually going to be interviewing Congressman Warren Davidson, who also did a great job grilling Gary tomorrow. And he's going to I'm going to ask him about the subpoena and what are the next steps. And of course, he highlighted his SEC Stabilization Act, which essentially fires Gary Gensler and replaces that chair seat, adds another commissioner and an executive director. So it makes the SEC less political and more balanced. And he has some great questions to Gary. You know, he even alluded to the EITH Ethereum free pass. Some of you may have seen the clip. So he did a great job. And once again, I'm interviewing him tomorrow. So be sure you're subscribed on the podcast as well as the YouTube channel. And Tom Emmer also brought some heat on Gary Gensler saying, I'm convinced you are not an impartial regulator. And he went on and did a press conference about this. And Gary Gensler is a bureaucrat who does not answer to Congress and much more. So, you know, similar types of comments that we've seen historically. But I think the subpoena threat was the big takeaway for me. The other stuff was, you could argue, was said historically and said before and other hearings with Gary Gensler. Now, Democrat Richie Torres did a great job of talking to Gary and getting specific, like he highlighted, is buying a Pokemon card a security? Gary said no. So he said, well, what if that Pokemon card got tokenized on the blockchain? It's a den of security. And that's where Gary was going back and forth and saying he needs more details and yada, yada. But great questions by Representative Richie Torres, very laser targeted in detail where Gary is just like caught off guard and he's trying to dodge the questions. So Gary continues to get exposed. And I like what happened today. I think the clips and all the news that are coming out of it, while they may not be very much actionable, where Gary is getting kicked out tomorrow, right? They do paint Gary Gensler in a very bad light. And remember, I've said many times, a lot of politics is simply optics. And if you have bipartisan support against Gary Gensler, that's not good. He's not going to be in that seat for very long. So it's great to see Democrats coming out against Gary Gensler. Now, quick word from our sponsor folks, and that is Uphold, which makes crypto investing easy. I've been a user of Uphold since twenty eighteen. They have ten plus million users, two hundred and fifty plus crypto currencies, and they're available in one hundred and fifty countries. You can also trade precious metals and equities on Uphold. If you'd like to learn more, please visit the link in the description. Also, a great comment from Representative Andy Barr to Gary Gensler on capital markets. He said, if the U .S. capital markets are a gold medalist, you are the Tonya Harding of securities regulation because you are kneecapping the United States capital markets with the avalanche of red tape coming out of your commission. Wow. That is a pretty strong remark there. Many of you know about the Tonya Harding story. If you don't look it up, Nancy Kerrigan and Tonya Harden and someone who was sitting behind Gary Gensler started flashing the Coinbase stand with crypto NFT shield. Many of you have seen that. And someone also highlighted the stand with crypto logo on a piece of paper. So this is similar to what happened with the guy who did the buy Bitcoin behind Janet Yellen years ago. So they put this right behind Gary. So it's pretty funny. This is another one that's going to go in the record books. And on that note, the SEC did acknowledge that the 1 .5 trillion dollar asset manager, Franklin Templeton, spot Bitcoin ETF application. Now, that doesn't mean anything because we need an approval. But things are moving ahead for these new applicants. Now, as all this was happening, guess who was in D .C.? Brian Armstrong and the Coinbase folks. Pretty incredible. And they did this whole campaign where they're at the Hill and a Brian Armstrong tweet out here at our nation's capital for a stand with crypto day with 40 founders from across the country. It's time for America to join the rest of the G20 and get some clear rules on the books. So great move here by Coinbase because the juxtaposition of what Gary is saying and what a big publicly traded crypto company is doing with a whole bunch of founders in D .C., educating and providing advocacy is really, really great. So I love this. And you hear you see Brian posted some photos, he said a great meeting with Speaker Pelosi. Now, all feelings about Nancy Pelosi aside, this she's a Democrat, folks, and I think this is a very smart move, Brian. Very, very smart move, because today even Maxine Waters was praising Gary Gensler. Oh, he's the knight in shining armor. And Gary, you know, you've been doing your thing, protecting Americans from these crypto scammers. Right. So remember, just like two years ago, she was hugging up FTX saying she loves Sam Beckman Fried, blowing kisses, taking campaign donations from FTX. So she's can be bought and sold right pretty easily. And I really like this. Coinbase is playing chess here while Gary Gensler is getting grilled. I love it, love it, love it. And they took a whole bunch of photos here at the Capitol Hill. So smart move by Brian. Really, really smart move. Now, finally, Kraken sets sight on stock trading. So Kraken, the crypto exchange, they're looking to expand their services. And, you know, this makes sense. If you're ordering already an exchange where you sell crypto, you can easily move to stocks. And then I know some other folks have been looking to tokenize stocks and sell those. So this is a pretty big move. And we're going to see that these crypto exchanges are going to expand to other markets. And with the advent of tokenization, you know, they're going to tokenize a lot of the traditional financial markets and assets and commodities and much more. And allow people to easily get access to them globally, 24 seven trading and much more. So obviously this would put them up against like Robinhood, essentially right where you have stocks and you've got crypto in the mix. So I think it absolutely makes sense. Well, folks, that's the news. Let me know what you think. What did you think about Gary today in the hearing? And once again, I'll be interviewing Congressman Warren Davidson tomorrow. So be sure to check out that interview once it's published on Friday. And I'll talk to you all later.
Fresh "Davidson" from WTOP 24 Hour News
"New ways to help achieve you your vision and all within your budget. Visit one of our seven showrooms. Sit down with an experienced designer and build the kitchen or bathroom of your dreams. Call or go online today and schedule a free consultation at cabinetdiscounters .com. It's cabinet discounters proud to serve you for over 40 years. Everything you need every time you listen. WTOP News 545. I'm John Aaron and I'm Michelle Bash. The CDC is proposing the first morning after pill to protect against sexually transmitted diseases. CBS News medical contributor Dr. Celine Gounder explains. Many health departments and sexual health clinics have already started offering doxypep to patients. Patients should still be screened every three to six months for the vaccine. of a breakthrough sexually transmitted infection but this is a really important development because over the past decade the rate of sexually transmitted infections in the United States has rocketed over 40%. The CDC plans to finalize the recommendation after a 45 day public comment period. Should parts of DC get taller buildings? A plan to do that is being pushed by DC Mayor Muriel Bowser in the name of creating more housing. Building height restrictions would be raised from 40 feet to 75 feet in Cleveland into Park 90 feet in Woodley Park. I mean it makes a lot of sense to me. DC resident Mike Stein says the city needs more housing. You get more people in the neighborhood near a metro stop, people can get to work, people can come to get a drink after work. But others including DC resident Michael Fox favor the lower profile buildings of the historic neighborhoods. I kind of like the city the way it is with the height restriction. But even Fox says he'd go for taller buildings if they really lead to a increase meaningful in affordable housing. Dick Iuliano, WTOP News. The founder of the American Black Film Fest is launching a new comedy fest in DC. The Wharf hosts the three -day Because They're Funny Comedy Festival this weekend. Our whole mission is diversifying the entertainment landscape. We've been doing it for film and TV for almost three decades, and now we're going to do it for comedy. Founder Jeff Friday screens the Mecca of Comedy documentary at Union Stage. Local filmmaker out of DC directed a documentary about history the of black comedy in the DMV area. That movie actually inspired our closing night show. After that it's the DMV black comedy homecoming show at the Anthem. That show I'm really excited about because top names Pierre, Joe Claire, Donnell Rollins, Tommy Davidson, and Red Grant. We have all the info on wtop .com Jason Fraley, WTP news. And here are the top stories were working on a wtop. A congressman is the latest of many armed carjacking victims in the district. The Washington Nationals are asking for big money to improve Nats Park and Hunter Biden returns to court today. Keep it here for full details on these stories in the minutes ahead. It's 5 48 on the eights. Rita Kessler watching traffic in the wtop traffic center. We do have the one problem on the beltway in Virginia. This is the inner loop of the beltway near Braddock Road near the points where the express lanes split. The left side of the main lanes is blocked with the crash response should be at the scene. We're definitely seeing delays starting to grow there. Also northbound 95 has your slow spots from Dale City into Woodbridge and through Newington trying to head into Springfield. Eastbound 66 is starting to slow out of Manassas then it looks good to the beltway. Northbound 28 is heavy out of Manassas headed into Centerville. 270 southbound starting to fill in passing 109 but then it looks good lane divide. You do need to watch out on the outer loop near the merge with the 270 spur. There is a broken down vehicle in that gore area right at the point where the lanes all merge. Now they may have to temporarily traffic stop there to get the vehicle to move out of that part of the roadway maybe over to the shoulder or maybe with a tow truck so just keep an eye out. They may have to temporarily stop things but it won't be for long. Outer loop topside starting to fill in a bit from University Boulevard headed around toward Georgia Avenue. No problems along 95 of the Baltimore Washington Parkway but we are seeing a little bit of a slowdown southbound in the area of Route 100. In the district southbound DC 295. The delay is from Burroughs passing East Capitol Street and Moore volume northbound I -295 trying to head on to the inbound 11th Street bridge. Kids are back in school and many do not have the resources to participate in after -school programs. Donate to the Salvation Army National Capital Area Command to ensure all kids can be successful. Visit salvationarmynca .org. I'm Rita Kessler WTOP traffic. 7 7 News First Alert meteorologist Brian Van de Graaff. We are really being spoiled with this little stretch of weather here. We really have been fortunate and I think it's payback because last week was kind of blah let's be
A highlight from 1401: FIDELITY: Bitcoin Will Hit $1 Billion Per Coin By This Date
"In today's show, we're going to be discussing Bitcoin ignoring the CPI and FTX as the price action hit us a September high of $26 ,600 as the bulls are back in control. We'll also be discussing the court approving the sale of FTX digital assets, meaning the assets will be sold off weekly with special handling for Bitcoin and Ethereum and insider affiliate tokens. Also breaking news just in, Congressman Tom Emmer launches an anti -surveillance state act with 49 Republicans in a new push against CBDCs, central bank digital currencies. Also the SEC chairman Gary Gensler says crypto is a field rife with fraud, abuse, misconduct. It's daunting. We'll also be discussing breaking news, $800 billion asset manager Deutsche Bank partners to offer Bitcoin custody for institutions. Let's go. It virtually means that the bank can now hold crypto directly for its clients. Also in today's episode, we'll be discussing, can the Bitcoin price achieve fidelities? $1 billion price target by 2038. That's right, the $4 .5 trillion asset manager is predicting that one Bitcoin will eventually be worth $1 billion per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. With that being shared fam, welcome to everyone just joining us. This is pod episode number 1401. So let's fricking go. Today is September 14, 2023 and the crypto market is back in the green. Shout out to everyone out there in the live chat. It's good to see the entire Bitcoin fam. So yeah, let's kick it off with our market watch. As you can see, Bitcoin is trading back above $26 ,600. We also have Ether trading back above $1 ,600 and virtually most all the major cryptos are in the green minus BNB barely in the red. And checking out coinmarketcap .com, the current crypto market cap sits just north of $1 trillion with $28 billion in volume in the past 24 hours, but the Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .6%. So yeah, checking out the top 100 crypto gainers of the past 24 hours. We have Axly Infinity leading the pack trading at $4 .73 up 11 % followed by ThorChain up 5 .5 % trading at $1 .65 followed by Conflux up a modest 5 % trading just above or I should say just shy of 12 cents. And checking out the top 100 crypto gainers for the past week, we can see virtually everything is in the green minus a handful including Scamcoin FTT down 5%. Axly Infinity leading the pack here as well up 12%. And as you can see, the alts are pumping. That's what's up. How many of you took advantage of this recent price dip? Let me know. And how many of you are gonna be hodling into the next Bitcoin halving, which is roughly six months out around the corner. Holla at your boy chat. I appreciate the interaction. At the end of the show, I'll be reading everyone's comments out loud. And how you doing today for Christ's sake? Holla at your boy. Don't be a stranger. And with that being shared, now let's dive into today's Bitcoin technical analysis. Check out the charts and what is popping with the King crypto. Here we go. Bitcoin hit new September highs after the September 14 daily close as markets digested macroeconomic as well as crypto. Industry news, which you can clearly see here in the Bitcoin one hour candle chart. Now data from Cointelegraph and TradingView tracked the Bitcoin price highs of 26 .5 over on Bitstamp and Bitcoin had shaken off the higher than expected US CPI the day prior, which we covered here in the show, maintaining that 26 ,000 support. Subsequent confirmation that the defunct exchange FTX had received legal permission to liquidate its remaining assets likewise failed to dent Bitcoin's comparatively solid intraday performance. And a little later in the show, I'll be sharing that ruling directly coming from the courts in regards to the FTX assets being sold. Now coming up to the range highs and once we flip these levels, we can look to finally get into a safe position and long since popular crypto trader, Crypto Tony and fellow analyst, Dan Crypto Trade suggests that the overall Bitcoin market dynamics have changed versus the period of weakness seen around the monthly close. Quoting this gentleman here, market feels different this week. The dips are being bought up relatively quick and while the price keeps sweeping highs, it keeps crawling itself back and leaving the lows untouched. The spot bid is also stronger than the past few weeks, might be wrong, but I am optimistic. Let me know if you agree to disagree with the analyst and additional analysis predicts that the longer term Bitcoin price breakout should US regulators approve a Bitcoin spot ETF or which we all know is inevitable over the coming months. He also says that BTC .d is still holding on the previous range high, which is the Bitcoin dominance chart and in the CHOP region, but ultimately says, I think this would go higher in case of a Bitcoin ETF approval one day. Yeah, that's right. They can only push it back and delay it for so long. I believe the next day they have to acknowledge it is in October and more than likely Gensler and the SEC is gonna push it back till next year. That's just my two Satoshi's. Let me know your thoughts, fam. Now more cautious was Trader Sku who referenced the on -chain volume prime to cool once more after the relief rally, quitting him here. The daily structure looks fairly good here and decreasing volumes. So could definitely be looking towards a relief rally before lower as the commentary read, noting the Bitcoin was still holding the key 25 ,000 level. Now with Bitcoin up just 1 % month to date at this time, Bitcoin is nonetheless on course for its best performing September and years. As we know, it's usually September, pun intended. According to data from monitoring resource CoinGlass, the last time Bitcoin gained in September was all the way back in 2016. That's like holy moly, seven years ago, fam. That year was its best on record at a modest 6 % while its biggest red September bear month was two years prior when it lost a whopping 19%. Talk about total bloodshed, right, fam? Now in 2022, Bitcoin shed 3 % before climbing another 5 % in October, which is a popular month amongst the bulls who informally referred to it as Uptober. So hopefully, God willing, we have another Uptober here right around the corner as we're already halfway through with September. With that being shared, fam, let me know your thoughts and outlook on the current landscape of the crypto market. Do you feel we're likely to correct lower or do you think we'll continue rising back towards that $30 ,000 level psychological resistance? Let me know, chat. And now let's break down our next story of the day and discuss the latest judgment coming from the courts regarding the FTX asset sales. Here we have it. This is just in, the Delaware Bankruptcy Court approved the sale of FTX digital assets. We have Judge John Dorsey who made the ruling at a hearing yesterday, September 13th. Major changes were made to the draft order authorizing the sale the previous day. Now as you know, there's been a lot of FUD of people talking about all the assets, billions of dollars worth of crypto is gonna get dumped and it's going to wreck the market. Well, there are some caveats, so it's important I share them here. FTX will be allowed to sell the digital assets excluding Bitcoin, Ethereum, and certain insider affiliated tokens in weekly batches through an investment advisor under pre -established guidelines. There will be limits of $50 million for the first week and $100 million in subsequent weeks. There will be an option to increase the limit with prior written approval of the creditors committee and ad hoc committee or to raise the limit to 200 million weekly with the approval of the court. So they can't dump it all at one time which is good for the bulls, right? Now Bitcoin and Ether and insider affiliate tokens can be sold through a separate decision by FTX. After 10 days notice to the committee and the US trustee, the US trustee is appointed by the US Department of Justice. Now I'm curious what those insider affiliate tokens are. If I was to guess, I'd guess FTT, that scam coin, Bankman Fried created out of thin air and I'd also throw Solana in there, but what are your thoughts, fam? Let me know. Those sales will also be conducted through an investor advisor. Information about the sales will be subject to professionalize only and confidentially restrictions with a redacted version accessible to the public. The sales will be subject to written objection by the committees and the US trustee. And in that case, the sales will be delayed until the objections are overcome or the court orders a sale. Quoting Bak Ubu here, FTX adapts crypto sale plan to address the US government concerns. FTX, the bankrupt crypto exchange is making changes to its proposal for selling billions in crypto assets. That's right. And I just broke down ultimately what you need to know. The conditions on the latter sales were added in the draft submitted September 12th, a couple of days ago. They were regarded as cautionary moves to ensure the market stability during the influx of FTX assets. Some observers noted that the sales will represent only a small portion of the trading volume and may not have a heavy impact. But according to a recent shareholder update, FTX has $833 million worth of Bitcoin and Ethereum collectively. FTX can enter into hedging arrangements using Bitcoin and ETH with the private approval of committees and can use them for staking according to the guidelines. The FTX token, as we know, is FTT, cannot be sold without further court authorization. Well, good for them. Glad to hear they're not authorized to sell their scam coin and dump it onto the market. That's definitely a good sign, wouldn't you think? Now let's break down the next breaking story of the day. Gotta give respect and credit where it is due. We have US Congressman Tom Emmer who made a very strong anti -CBDC stance and we know that's the central bank digital currencies which the central bankers are gonna be rolling out and I know their pilots have already began rolling out around the world. So let's discuss this anti -CBDC push because I'm all for anti -CBDC. That's why I promote Bitcoin every day here on the pod. Bitcoin is the antidote to the CBDC. Let me know if you understand what I'm saying. Now Congressman Tom Emmer is leading the reintroduction of the bill that aims to prevent the Federal Reserve from creating a digital dollar. God bless him. Emmer says on the social media platform X that if it isn't designed to emulate cash, then a CBDC would dismantle the American's right to financial privacy while also emboldening the administrative state. Facts. The majority whip says that the new bill attempts to prohibit the Fed from issuing a retail CBDC while protecting innovation and any future development of true digital cash. This bill puts a check on unelected bureaucrats and ensures the US digital currency policy upholds our American values of privacy, individual sovereignty and free market competitiveness. The administration has made it clear. President Biden is willing to compromise the American people's right to financial privacy for surveillance style CBDC. I don't believe in compromising American rights. That's the bottom line. If not open, permissionless and private like cash, a CBDC is nothing more than a CCP, which we all know stands for, right? Style surveillance tool that will be weaponized to oppress the American way of life. Preach. I couldn't have said it any better myself. I stand by what he is saying because I know it's fact. Now while official, the concrete plans for the CBDC haven't been released by the US government as opposition has already formed, which is a good sign. We also have US candidates who are running for the presidential election next year in 2024, including current governor of Florida, Ron DeSantis, who is running as a Republican. And we also have Kennedy Jr. who is running as a Democrat who are both pro Bitcoin and anti CBDC. So we must stand strong and oppose these weapons of financial mass destruction, which are better known as CBDCs. So again, much respect to the congressmen and those making this push. Now last month we also had Ohio Republican Warren Davidson said the CBDCs pose an existential threat to the Western civilization and was committed to fighting against them. Davidson said that he wants to prohibit the CBDCs because they threaten other digital assets like Bitcoin and impede the development of the beneficial financial technology. Facts, quitting him here. Central bank digital currency poses a serious threat, tall digital assets, as I said, at flyover FinTech. Many people wrongfully conflate even Bitcoin with a CBDC. Ignorance is bliss, huh? At least most agree that CBDC is evil, the financial equivalent of the Death Star. Great reference to Star Wars there. Don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning a CBDC is essential to the American's FinTech future. So there you have it. What are your thoughts on CBDCs if they roll out, which more than likely they're going to eventually at a theater near you, are you going to participate in them, is the million dollar question. What if they give you a stimulus and they promise you, we're gonna give every American $5 ,000 of this digital dollar, AKA CBDC, central bank Ponzi scheme currency. What are you gonna do about it? I say just say no to Bitcoin, or I'm sorry, just say no to CBDCs and fight it with the antidote, which is Bitcoin, by simply stacking stats today and preparing yourself so that you can fight the tyrants who are trying to take over our country. Just saying, fam, let me know if that resonates with you. And with that being shared, now let's break down our next story of the day and discuss the latest with Mr. Gary Gensler, the chairman of the SEC and what they recently shared with Congress regarding cryptocurrencies and enforcement. Here we go. The chairman of the SEC, everyone's favorite huckster, Gary Gensler talked about cryptocurrency during his testimony before the US Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, two days ago. Reiterating his views that most crypto tokens are securities, Gensler told the lawmakers without prejudging any one token, the vast majority of crypto tokens likely meet the investment contract test. Given that most crypto tokens are subject to the security laws, it follows that most crypto intermediaries have to comply with the security laws as well, quoting the chief right here. In terms of crypto, I've been around finance for 44 years now, and I've never seen a field that is so rife with misconduct. It is just, it's daunting. He further described the crypto industry right now. Unfortunately, he says there's significant noncompliance and it's a field which is rife with fraud abuse as well as misconduct. Now the Senator Bill Hagerty asked Gensler during the hearing what the SEC needs to see from issuers to approve a Spot Bitcoin ETF. Wouldn't you say that's a great question? Following the recent court ruling in favor of the grayscale investments, now the court found that the securities regulator, denial of grayscale Spot Bitcoin ETF app, was arbitrary and that the SEC Chairman Gensler replied with the following, we're still reviewing that decision. We have multiple filings around Bitcoin ETF products, so it is not just the one you mentioned, but there's multiple others. We are reviewing them and I am looking forward to the staff's recommendations. So there you have it. How do you feel this will likely play out regarding the regulators and crypto choke point 2 .0 as it continues? Do you think it'll keep pushing innovation outside the United States? Or do you feel that it's just a matter of time and Gensler's no longer gonna be able to push back these deadlines for the SEC approvals? Because we all know once the Spot Bitcoin ETFs get the green light from the regulator, it's game on. There's literally trillions upon trillions of dollars right now sitting on the sideline just waiting for that freaking approval. And if it wasn't for the SEC, we'd already had a Bitcoin Spot ETF a decade ago because that's how long they've been denying them, right? In fact, the very first Bitcoin ETF application was submitted by the Winklevoss twins of the Gemini exchange literally over a decade ago. And while they keep approving these futures ETFs which aren't in the investors best interest, but to keep pushing back the Spot ETFs which benefit everyone makes no logic except they're doing what they do because that's what they do and let's leave it at that. And with that being shared, fam, now let's break down the latest breaking news regarding Deutsche Bank. This is big news coming from another major institution and then I'll be breaking down the $1 billion fidelity price prediction for the King Crypto. That's right, they're saying that one Bitcoin will eventually be worth $1 billion per coin and then we'll dive into our live Q &A. So yeah, here we go, breaking news just in. The German bank, Deutsche Bank, was one of the handful of companies to invest in a $65 million Series B fundraising round for tourists in February of this year. The company offers enterprise -grade infrastructure to issue managed custody and trade, cryptocurrencies, tokenized assets, as well as NFTs and other digital assets. Let's go. Now according to Taurus' co -founder, Lamin, the partnership underwent a thorough and very detailed due diligence process before the German bank decided to use its infrastructure services, quoting them here. It started end of 2021 and ended somewhere in 2022. We won the deal a couple of quarters ago and as previously reported, Deutsche Bank has been brewing plans to offer crypto custody and trading services to its clients over the past three years, since 2020. The bank most recently applied for a digital asset custody license from Germany's financial regulator, Baffin, in June of this year, as it continues plans to offer its customers access to crypto markets as well as assets. Now brain, aka, confirm, whoever that is, the agreement is global in scope with tourists providing custody and tokenization tech in line with the local regulatory requirements. Let's get it. Good stuff. And I appreciate the live chat right now. I am tuned in and checking you guys out. Much love. Any questions, feel free to drop them. And again, at the end of our premiere story with Fidelity, we're gonna be reading those comments out loud. Anyways, announcing the partnership, Deutsche Bank Global Security Services head, Paul Maly, said that crypto space is expected to grow to trillions of dollars of assets and is likely to become a priority for investors and institutions. Preach, that's a given, right? Meanwhile, Deutsche Bank's asset management arms, DWS Group, had reportedly been in discussions to invest in two different German -based crypto firms in February of this year. This includes crypto exchange -traded product provider, Deutsche Digital Assets, and market maker, platform, Tradius, Deutsche Bank Singapore, and Memento Blockchain also recently completed a proof of concept called Project DOMA, which stands for Digital Asset Management Access, which allows for the management of digital funds and tokenized securities. And founded in Switzerland in 2018, Taurus' Series B round was led by Credit Suisse and included the likes of Deutsche Bank alongside Arab Bank Switzerland, indicating major interest from traditional financial banks. Let's go. The announcement of its Series B round also clearly outlined Taurus' aim to serve tier one banks in Europe. And they also told Cointelegraph that the platform serves close to 30 banks, with most deals going beyond cryptos to including tokenization of equity debt as well as other products. Deutsche Bank is set to offer customers crypto custody options through a partnership with the cryptocurrency infrastructure platform, Taurus. Now obviously, this is a major, major deal when you have a $800 billion asset manager, such as Deutsche Bank, partnering to offer Bitcoin custody for institutions around the world. The bank can now officially hold crypto directly for their clients. So there we have it. Another one bites the dust. And now for the moment you have all been waiting for. Let's discuss this $4 .5 trillion asset manager, Fidelity, which I believe, correct me if I'm wrong, is the second largest asset manager in the world, next to BlackRock that controls over 10 trillion in assets under management. They're predicting, their head of global macro, Julian Timmer is predicting that the Bitcoin price hit $1 billion per coin. So let's break this down, shall we? And then we'll dive into our live Q &A. Here we go. Fidelity's prediction for Bitcoin. We have Julian Timmer, director of global macro at Fidelity, put forth the notion that Bitcoin, the king crypto, has the potential to reach a value of $1 billion per BTC in roughly two decades, specifically around the year 2038. So there you have it. Right now we're in 2023. So what is that? Roughly like 15 years out. To supply the forecast, Timmer employed a combo of models and charts with particular focus on the stock to flow model and his own demand model. These analytic tools form the foundation for his primary prediction. And speaking of stock to flow, massive shout out to Plan B, creator of the Bitcoin stock to flow model. Now he believes, along with the stock to flow, the data, which doesn't lie, that the Bitcoin price is subject to hit between 100 ,000 and a million dollars after the halving in 2024. Let me know if you agree or disagree with the stock to flow prediction. And now we'll get back to this analysis from Julian Timmer of Fidelity. The above demand model employs Metcalfe's law, and according to the numbers of its users, grows linearly, the network's value, or interfiends, the Bitcoin price, grows geometrically. This means that the utility of the adoption of Bitcoin are expected to grow more rapidly compared to its network of users, exchanges, ATMs, and participating retailers. Therefore, this model predicted that the Bitcoin price will reach $1 million, which is seven figures, by the year 2030. Now I'd also like to throw out there, we also have Cathie Wood of ARK Invest predicting a $1 million Bitcoin price by the year 2030. In fact, if you've been following my show, then you know her bear case scenario is over a quarter million per BTC in 2030, her base case is over 600 ,000, and her bullish case is $1 .48 million per BTC. There's other big analysts and financial institutions as well, just as bullish as Cathie Wood. So I just wanted to throw that out there that there's others in agreement with Jurien Timmer thus far on this Bitcoin price prediction. So yeah, in contrast, Timmer's stock to flow supply model noted the event of significant price surges during each halving event. Consequently, when considering this model in conjunction with the other factors, it foresees a Bitcoin price range of $1 million to $10 million for Bitcoin defined by the year 2030. Timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price. But on the other hand, the stock to flow model seemed to provide a better approximation for the peak of Bitcoin. However, it's worth noting that the disparity between these two models widened significantly beyond the year 2030, which is where things get interesting. The reason behind this gap is expected to be the changing value of the dollar, as many, many economists are anticipating the crash of the dollar in which Jurien Timmer is as well. So Timmer proposes that the value of the dollar undergoes fluctuations over time when compared to other traditional assets. For instance, if just $1 was invested into the stocks during the 18th century, its present -day value would be roughly $4 billion. You mean to tell me $1 invested into stocks in the 18th century is now worth $4 billion? That tells you everything you need to know about fiat currency, folks. Now similarly, Timmer implied that if $1 million was invested today, it can grow to $1 billion in just a span of 20 years. This further revealed that the purchasing power of the dollar has significantly reduced due to factors like inflation and depreciation, and let's not forget, money printer continued to go. Just saying. Thus, Timmer's statement implied that keeping a fixed amount of dollars for many years may lead to a reduced purchasing power due to the assets' changing value, and over the last few years, an increasing number of are companies taking over the $1 trillion market cap, and as a result, it's foreseeable that in the next two decades, the concept of a trillion -dollar valuation will become more common. Yes, right, so much that individuals themselves could be worth a trillion dollars or even more. The scale of numbers may even reach the quadrillion range. Like, whoa, so is this milestone still achievable for Bitcoin is the million -dollar question. So despite Bitcoin's historical growth, it had recently faced a significant setback. Bitcoin's network activity had diminished, and it had fallen behind in comparison to Cardano's network, for example, the number of active addresses in the Bitcoin market had experienced a notable decline when compared to the levels seen in 2021, but we also gotta note that we're currently in a bear market, past couple of years. We hit the cycle peak back in 2021, and we soared. Remember COVID era? Bitcoin dumped all the way down to like $3 ,500 range, and within a year, by the end of the fourth quarter of 2021, we hit that all -time high, which is the current high of $69 ,000. So this just goes to show you how fast Bitcoin can climb during a bull market, and we know the past couple of years have been bearish as all hell, right, especially 2022. We had the collapse of Terra Luna. We had the collapse of FTX being the second largest crypto exchange at the time. There was mass contagion. Everything was impacted. We dropped to a new cycle low of 15 ,700, but I think the bottom is past us. What's your thoughts, chat? Do let me know in the comments so I can read those out loud here in a little bit, but let's finish up this prediction. The higher network activity, like increased transaction volume or active addresses, is viewed as a positive indicator for the growing adoption for Bitcoin. This can create a sense of confidence amongst investors, potentially leading to the rise in demand and positive effect on the price action, and although Timur's prediction may be considered far -fetched and lacks empirical evidence, it doesn't completely dismiss the possibility of Bitcoin reaching such levels. The concept of de -dollarization has gained stature, shifting global attention towards alternative currencies. The shift in focus is expected to drive the demand for assets like golden crypto, such as Bitcoin, and with BRICS pushing for the fall of the dollar, the BRICS currency and Bitcoin are expected to garner continued momentum. So there you have it, fam. What are your thoughts surrounding this whopping $1 billion price prediction for the king crypto by the year 2038? Do you think it's realistic? And before we even got to that billion prediction, what about $1 million by the year 2030? Do you think this is realistic? Do you think this is a pipe dream? Do you think this is conservative? What's your honest thoughts? And where do you feel the dollar is likely to go over the course of the next few years? Do you think it will not even be in existence and will be replaced by the digital version, which is the CBDCs, central bank digital currencies that Congressman Tom Emmer and many others are warning you about? Let me know your honest thoughts. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
A highlight from Crypto 2023: Even Vitalik Is Getting Hacked
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Monday, September 11th, and today we are catching up on everything in the cryptosphere from last weekend, including the founder of Ethereum getting hacked. Before we dive into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello friends, hope you had a great weekend. Like I said, today we are doing a grab bag, catching up on just a ton of news, and let's start with the weird one. On Saturday, Ethereum co -founder Vitalik Buterin's Twitter account was compromised. The attacker used the account to tweet about a time -limited NFT promotion. Users that followed the link that tried to mint the NFT instead had their wallet drained. Around 700 ,000 in crypto tokens and NFTs were stolen. Now, the attack followed a similar pattern to many SIM swap attacks which have plagued high -profile crypto figures recently. An attacker fraudulently obtains control over the target's phone number and then uses two -factor authentication to gain access to Twitter or other services. The attacker then posts a link to a poison transaction for victims to sign. According to Unchained Sleuth's ZackXBT, there have been more than 53 SIM swap attacks over the past four months which have led to the theft of over 13 .3 million in crypto assets. Now, at this stage, we don't know exactly how the attacker gained access to Vitalik's Twitter account. Some assumed that Vitalik would be using more complicated security design than simple phone number based 2FA. If so, this attack speaks to much more sophisticated attacks targeting crypto figures. What was particularly insidious about this attack was how believable the fake communication was. The attacker's fake message was promoting a Q &A on a forthcoming Ethereum feature known as proto -dank sharding. Numerous high -profile industry figures were taken in by the fake message and signed transactions with their wallets. The highest profile NFT that was drained was the very first crypto punk to be claimed, valued at around $250 ,000. To some, the attack demonstrates a clear change in targets for scammers. DC Investors said, Still, others pointed out that it could have been a lot worse. Coin Bureau tweeted, Putting it more simply, CL207 tweeted, While Mac's short ETH, dude would have made $100 million, not $1 million. Still to others, this was just an example of how difficult it is still for normal people in the cryptosphere. Harrison at PompPunk on Chain wrote, Next up, staying in and around the Ethereum ecosystem, consensus -owned blockchain infrastructure firm Infura have announced plans to release a decentralized version of their service by the end of this year. Infura provides a range of blockchain infrastructure but are most well known for their Ethereum RPC nodes. As much as 50 % of Ethereum transactions are routed through Infura infrastructure, making their centralization an ongoing risk. As regulatory efforts move from enforcement to compliance, it's anticipated that regulators will look for intermediaries within the crypto ecosystem to deputize. And to many, a centralized Infura would be a natural fit for compliance enforcement. Indeed, we've already seen multiple instances of Infura being used as a tool for compliance. Last November, the firm announced that some 20 million Metamask users would have their wallets and IP addresses tracked using Infura. Consensus pushed back on the controversy by noting that Metamask allowed users to opt out by switching to a different RPC provider. In March, consensus blocked IPs from certain regions in an effort to comply with sanctions requirements. Also, in March, consensus blocked IPs from certain regions in an effort to comply with sanctions requirements. Users from Venezuela and Iran were among those who complained they could no longer use Metamask through Infura. At the time, consensus were criticized for restricting access more broadly than the sanctions called for, including blocking some U .S. residents who had emigrated from sanctioned nations. Still, it appears that consensus and the Ethereum ecosystem at large have grown increasingly uncomfortable with the censorship risk of RPC nodes. And Infura have been working on this decentralization project for over a year now. Now, the project will be rolled out in a number of phases. Infura refers to the first stage as the quote federated phase, where trusted partners will be brought on to run redundant versions of key infrastructure. Tom Hay, decentralized infrastructure product lead at Infura, said in a statement, We're looking to launch something later this year, and that is going to be a federated phase. The federated phase will last at least six months and will provide the network with the insight on how to build a sustainable model before introducing further decentralization. Now, according to the team at ConsenSys, aside from censorship resistance, adding more diversity and redundancy in RPC infrastructure could also improve the robustness of Ethereum in general. ConsenSys head of strategy Simon Morris said, If you have different people setting up their infrastructure in different ways on different cloud providers using different node software, then you can start to build antifragility into the system. Next up on this breakdown, a regulatory roundup. On Friday, the SEC filed their response in the Ripple lawsuit, arguing that the case should be allowed to proceed to appeal. Ripple had previously objected to the appeal, stating that the regulator had not made a sufficient argument to ground an appeal. The SEC is filing hitback, stating that, quote, The defendants themselves say that the issues have industry -wide significance and are of special consequence. They claimed that this pivotal decision should be subjected to the scrutiny of an appellate court to ensure a clear precedent is made. The SEC is filing hitback, stating that, quote, The defendants themselves say that the issues have industry -wide significance and are of special consequence. End quote. They claimed that this pivotal decision should be subjected to the scrutiny of an appellate court to ensure a clear precedent is made. The SEC noted that one judge has already rejected the Ripple decision as a persuasive precedent, opening the door to contradictory rulings. The regulator further argued that halting the rest of the Ripple case to deal with the appeal immediately would, quote, preserve the resources of the court. They even went so far as to take a swipe at Ripple, claiming that the firm was deliberately dragging out court proceedings. Speaking of the SEC, Republican House Whip Tom Emmer has introduced an appropriations amendment to rein in the SEC's crypto enforcement agenda. In a tweet, Emmer wrote, "...Gary Gensler has abused his authority to grow the administrative state to the detriment of the American people. Congress must use all our tools, including the appropriations process, to restrict Chair Gensler from further weaponizing taxpayer dollars." The appropriations amendment would limit the SEC from utilizing funds to pursue digital asset enforcement until comprehensive rules and regulations are put in place. Now, of course, Emmer has long been critical of the SEC's approach to crypto regulation. In June, he supported fellow Congressman Warren Davidson's SEC Stabilization Act proposal which would limit the authority of the SEC chair by introducing a sixth commissioner to require bipartisan support for regulatory actions. Gensler is scheduled to appear at an oversight hearing before the Senate Banking Committee on Tuesday. The House Financial Services Committee, meanwhile, will hold their SEC oversight hearing on September 27th. So we should get a chance to hear more about whether there has been any shifts in the Gensler -SEC attitude since some of these court proceedings have gone through. Now, moving over to the Fed. In a speech given at a fintech event on Friday, Fed Vice Chairman of Supervision Michael Barr made a number of comments about CBDCs and stablecoins. When it comes to CBDCs, Barr emphasized that the Fed is still firmly in the quote basic research phase and is far from making any decisions. Barr said that quote, Investigation and research are very different from decision -making about next steps in terms of payment system development and we are a long way from that. By way of detail, he explained that the research is currently focused on system architecture and tokenization models. Barr continued to reinforce the idea that the Fed won't make any decision on CBDC issuance without quote, clear support from the executive branch and the authorizing legislation from Congress. On stablecoins, Barr said quote, I remain deeply concerned about stablecoin issuance without strong federal oversight. If non -federally regulated stablecoins were to become a widespread means of payment and store of value, they could pose significant risks to financial stability, monetary policy, and the U .S. payment system. It is important to get the legislative and regulatory framework right before significant risks emerge. Now, Barr has recently spearheaded the Fed's Novel Activities Supervision Program, which requires banks to obtain a written non -objection before they can interact with stablecoins. He claimed that the safeguard was in line with previous guidance issued by the Office of the Comptroller of the Currency. Barr argued that strong federal oversight of dollar -backed stablecoins was in the Fed's interest, arguing that the tokens quote, borrow the trust of the central bank. Now, of course, federal oversight of stablecoin issuers has become a line in the sand for establishment Democrats who sought to hold up the progress of stablecoin legislation back in July. Barr also reflected on the July launch of FedNow, which is the new instant gross settlement system operated by the Fed. He said that FedNow has been made available to depository institutions of all size, but quote, while current volumes on FedNow are small, I expect that participation will grow over time. Now, next up, one we talked about a bit in the weekly recap, but giving the details just for completeness. On Thursday, the CFTC announced enforcement actions against three D5 firms — Open, 0x, and Derridex — all settled lawsuits for offering unregistered derivatives products to U .S. customers. The fines were relatively small — $250 ,000, $200 ,000, and $100 ,000, respectively — but the message was clear. CFTC Director of Enforcement Ian McGinley said in a statement, Somewhere along the way, DeFi operators got the idea that unlawful transactions become lawful when facilitated by smart contracts. They do not. The DeFi space may be novel, complex and evolving, but the division of enforcement will continue to evolve with it and aggressively pursue those who operate unregistered platforms that allow U .S. persons to trade digital asset derivatives. Now, while both Open and Derridex were offering derivatives trading, the situation around 0x was a little more complex. 0x is an Open DEX platform which allows anyone to list tokens. They attracted the attention of the CFTC by simply having derivative tokens with embedded leverage listed. The CFTC claimed that simply retaining the ability to draw fees from the trading, though not actually profiting from the platform and having access to shut down the platform, was sufficient to be held liable for how other developers use the platform. Now, one CFTC commissioner offered a scathing dissent to the enforcement action. Commissioner Summer Mersinger wrote, Although each case presents different facts, they have been lumped together for commission consideration and vote, presumably for messaging purposes, as quote -unquote DeFi cases. She added that, I am concerned that the Commission in these cases is taking another step down the path of bringing enforcement actions when we should be engaging with the public. It is important to emphasize that Enforcement First has not always been the CFTC's default position. These cases are especially concerning in that they represent a significant shift in position on the merits of engagement with DeFi market participants. Finally today, over in the UK, the United Kingdom Financial Conduct Authority have pushed back the commencement date of some elements of strict new crypto advertising rules. The core rules will come into force on October 8th. They require advertisements to be clear, fair, and not misleading. In addition, risk warnings will now be mandatory in incentivizing platform use with both monetary and non -monetary rewards is prohibited. Other parts of the regulations could be pushed back to as late as January according to the FCA. Individual firms would need to apply for additional time on a case -by -case basis. The regulator explained that firms are running up against technical issues implementing some parts of the new rules. In particular, a 24 -hour cooling -off period which would allow customers to ask for full refunds is proving difficult to comply with. It would require programming changes to platforms at a minimum, if not an overhaul to business models. Lucy Casseldine, Director of Consumer Investment at the FCA said, As a proportionate regulator, we're giving firms that apply a little bit more time to get other reforms requiring technology and business change right. We'll maintain our close eye on firms during this extended implementation period. Now, the FCA's strict new rules have been criticized for their broad scope and draconian punishments. Foreign firms that advertise to UK customers would be covered by the regulations, which capture social media posts, websites, and in -app advertising. Influencers would be held liable for their promotion of crypto products, and the failure to adhere to the new regulations could result in criminal charges. The maximum punishment for breaches includes an unlimited fine or even jail time. The FCA has said that the strict rules are designed to Prevent harm to consumers from investing in crypto assets that do not match their risk appetite. The regulator added that It is up to consumers to decide whether they buy crypto assets, but they should do so based on fair and accurate information that helps them make effective investment decisions. So friends, this is the other side of the prepping for the next bull run. It is going to be a much tighter environment, certainly for any types of promotions. Although whether that will end scams given where we started this episode, I think that remains to be seen. However, that is going to do it for today's episode. I appreciate you guys listening as always. Until tomorrow, be safe and take care of each other.
A highlight from Crypto Market Will EXPLODE If This Happens! (SEC Keeps Losing)
"During the summer of Jeep event, well -qualified Washington, D .C. lessees get a low mileage lease on the 2023 Jeep Grand Cherokee 4xe for $289 a month. For 24 months with $5 ,699 to its sign -in. Tax title, license extra. No security deposit required. Call 1 -888 -925 -JEEP for details. Requires dealer contribution and lease through Stellantis Financial. Extra charge for miles over $20 ,000. Includes $7 ,500 EV cap cost reduction. Not all customers will qualify. Residency restrictions apply. Take delivery by 9 -5. Jeep is a registered trademark. Fire Gary Gensler is trending. U .S. Representative Davidson is taking action against Goldman Gary. We also like to call him G3. Warren Davidson is all out to take action against Gary Gensler, the head of the SEC. He believes Gensler's actions in regulating cryptocurrencies are biased and unjustified. There's the tweet right there. More evidence that his actions at the SEC are arbitrary and capricious. You know what I'm seeing trending more than Fire Gary Gensler? The word capricious. Everyone's just going nuts with the word capricious there. I think Wendy's tweeting about being capricious here. Crypto Steve O 'Shawty, he was tweeting about being capricious. This is not the first time Davidson disagreed with Gensler's action. They also like to call him Gindler. Gindler's actions. Waging, they also don't like to wage open wars. They like to wag. They like to wag their open wars. Wagging an open war, he introduced the SEC Stabilization Act to remove Gensler from his position. Davidson firmly believes that the capital markets need protection from what he sees as his overreach. He wants to bring real reform and fire Gensler as the SEC chair. What went wrong? What didn't go wrong? He quoted a recent court statement to support his stance, highlighting that the SEC's denial of his ETF proposal was arbitrary and capricious. Here we have Scott Melker, a friend of the channel, that turns out the law doesn't agree with the SEC at all on almost any enforcement action. Love to see it. Hashtag fire Gary Gensler. Let's see. Let's click on this. Where are we on the fire Gary Gensler? All right. All right. 123 ,000 views on this one. We'll go ahead and give it a like there. Let's get this thing trending, folks. Overall, Davidson's ongoing efforts to remove Gensler showcase the ongoing struggle between regulatory control and creating a friendly environment for crypto. This situation underscores the need for fair and unbiased regulations that incur innovation and protect investors' interests. Now, unbiased, didn't he say Algo's like the greatest crypto asset ever, AJ? Gary Gensler, I do have that video saved on my phone. It's actually when I wake up every morning, that's like my alarm. It's his voice amplified saying how much he loves it. It's just a great way to start your morning. You want to start with a good energy. You didn't choose the Hillary Clinton like vibe when it comes to Algorand to wake you up? I have that one hanging around. Okay. What's the Clinton? Is it like her laughing? Is it her, you know, uh, No, that was the, that was the joke that it's just hanging around. I was just hanging around. Okay. Okay. But, um, no, uh, You're going to be hanging around. Keep making those jokes. You know, uh, yeah, but then, but then you would know it's real. Then you would know it's real. But on this really fast, I mean, David Warren Davidson was on Gensler back when they had that hearing and everyone just kind of reamed into Gary Gensler and Davidson said all the way back then that he was completely against. And this has been building for a while. If you listen to previous interviews with Warren Davidson and Gary Gensler, this is a beef. I'm sure there's some like internal stuff going on here because it's been building for so long, but I am just really grateful to see so many politicians openly just against like, there's no way the guy still has that job in a year or two. Like, no way. Like he has too many enemies in, in, in the Capitol. No way. Yeah. Uh, there will be the situation as we get closer to the election, there's going to be less of a focus on him. So the Davidsons, the representative Davidsons, you know, they only have so many arrows that they can fire right now. It's easy to fire it at Gary Gensler. There might be a point where it's like, all right, we're all team election. Our team talk about this. Let's not get off message. And then he might hide behind the wall like a rat. So we've got to make sure, you know, if that does happen and you know, some of these politicians get a little distracted with, you know, just the upcoming election and just making sure it's fair and every vote is counted accurately. Yeah. Maybe that's, that's when he started doing some of his more secret actions out there. All right. Let's see. Uh, all right. Go A .J. Go Deezy. Thank you. Taylor Warren. Is that Tim? Is that your old account? Hey. Shout out to Taylor. Hey, uh, you know what? Go Tim. Go Tim as well. All right.
A highlight from 654:Grayscale Defeats SEC, X Gets Licensed and Tethers New Partner
"Rockstar Energy punched, bringing a bold and unapologetic flavor packed with energy through a blend of B vitamins, guarana extract, and 240 milligrams of caffeine to fuel what's next. Rockstar Energy drink. Good evening and welcome to the Crypto Overnight. I'm Nickademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Wednesday, August 30th, 2023. Welcome back to the Crypto Overnight, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, a game of legal chess unfolds as Grayscale squares off against the SEC. Speaking of the SEC, they're also setting their sights on Binance with a sealed motion that could be a ticking time bomb. And don't miss the latest on Sam Begman Fried's ongoing legal battle. His prison tech is making headlines. Plus, X's new crypto license in Rhode Island could be a game changer for mainstream adoption, but at what cost? Tether is seeking solace in offshore banking, but can this strategy keep them afloat? And finally, SEBA Bank crosses a new milestone in Hong Kong, but will this move dilute the essence of decentralized finance? Strap in for an in -depth analysis. We're diving into the legal and regulatory labyrinth of the crypto universe. Grayscale Investments won a legal battle against the SEC. The U .S. Court of Appeals for the District of Columbia Circuit ruled the SEC's rejection of Grayscale's proposal to convert its bitcoin trust into a spot bitcoin ETF was, quote, arbitrary and capricious. The court ordered the SEC to review its decision. And keep in mind, that's all this means. It doesn't mean Grayscale's going to be allowed to convert the trust to a spot bitcoin ETF. It doesn't mean that anybody is getting a spot bitcoin ETF. It just means that the SEC has been told to reconsider their decision, keeping in mind the guidance from the court. So the SEC now has several options. Appeal the decision, grant Grayscale's application, or come up with new objections. Grayscale applied to list its ETF on the New York Stock Exchange Acura in October 2021. The SEC had denied the application, citing that the proposed ETF was not designed to prevent fraudulent and manipulative acts. That's despite the fact that the SEC had approved two bitcoin futures ETFs, but rejected Grayscale's proposal. The court criticized the SEC for failing to explain why it offered two different treatments for similar products. Bitcoin's price spiked 5 .4 % following the news. The SEC has the next 45 days to request a hearing. If not, a final mandate will be issued detailing what happens next. The SEC has not yet approved a spot bitcoin ETF. They've always cited concerns over fraud and manipulation. This is a monumental moment, not just for Grayscale, but for the entire crypto industry. The court's ruling exposes the SEC's inconsistent approach towards crypto -based financial products. It's a win for those who have long advocated for more accessible bitcoin investment options. The SEC's arbitrary decision -making process has been laid bare, and they'll have to go back to the drawing board. But the SEC's troubles don't end with Grayscale. Their inconsistency in arbitrary decision -making are catching up to them in more ways than one, impacting not just corporate stakeholders, but also the political landscape. Enter Gary Gensler, the SEC chair who's now finding himself in the hot seat. Gary Gensler is facing mounting pressure. Ripple's CEO and CLL have criticized the SEC for its legal setbacks. Congressman Warren Davidson has called for Gensler's removal. Davidson even filed legislation to restructure the SEC. In addition, the SEC's aggressive stance towards crypto companies, including Coinbase and Binance, has been noted. We'll be talking about the SEC and Binance here in a bit. The SEC is in a tight spot, and Gensler's leadership is under intense scrutiny. The recent court rulings are not just legal setbacks, they're a blow to the SEC's credibility. The agency's inconsistent treatment of similar products, like the ETFs based on Bitcoin futures and Spot Bitcoin, has been called out. This isn't just a legal issue, it's a matter of public trust. Congressman Davidson's call to fire Gensler is not a lone voice, it's part of a growing chorus that questions the SEC's role and its approach to crypto regulation. The hashtag FireGaryGensler is more than just a trending topic, it's a public sentiment. And it's not just about one man, it's about an agency seen as stifling innovation in the crypto space. The SEC is at a pivotal moment, both their internal decisions and public perceptions are at stake. Whether it's their ruling on XRP or Grayscale or their growing discontent from within Congress, the SEC's got some hard choices to make, and fast. The SEC's at a crossroads. Its decisions in the coming weeks will not only determine its relationship with the crypto industry, but also its standing as a regulatory body. The agency needs to decide if it will be the enabler of innovation or a roadblock. And for Gary Gensler, the clock is ticking. SEC might have lost to Grayscale, but they're not backing down. In fact, their next target might be even bigger. If you're following Binance, you're going to want to hear this.
Monitor Show 14:00 08-25-2023 14:00
"Not real when you put your mugshot out there. I guess maybe if they're smiling we know it's not real now that we've seen the contrast here. I'm so confused about so many things. Jeannie, thank you so much. Rick Davis as well. They're gonna join us later, by the way, on Balance of Power, our closers, our signature panel. So meet all of us later on today on Bloomberg TV. In the meantime, we bring Kaylee Lyons into the conversation. Coming up next, Hour 2 of Sound On starts right now. It's been there. People are going to say I was doing better then than I am now. Bloomberg Sound On. Politics, policy and perspective from DC's top names. You got to work to get people back to work, but not only that, but to higher paying jobs. The Russian threat is being degraded and unfortunately it's being degraded at the cost of Ukrainian lives, blood, treasure. Bloomberg Sound On with Joe Matthew and Kaylee Lyons on Bloomberg Radio. The is fight not over. Welcome to Hour 2 of Sound On as Jay Powell makes it clear in Jackson Hole they have not yet won the fight against inflation. More hikes could be coming and rates could stay higher for longer. But you knew that already. We'll talk about what we learned today with two important interviews that Bloomberg's Michael McKee will bring us live from Jackson Hole this hour. Chicago Fed President Austin Goolsbee and Cleveland Fed President Loretta Mester with analysis from Bloomberg Fed expert Kate Davidson. We've got a big hour ahead here and glad to say that Kaylee Lyons has joined us for it.
A highlight from BIG CRYPTO NEWS! COINBASE CIRCLE USDC, SEC GARY GENSLER GEMINI RIPPLE XRP & CRYPTO REGULATIONS
"Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit 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, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, we got some very big news today between Coinbase and Circle. So Coinbase acquires a stake in stable coin operator Circle and USDC adds six new blockchains. The center consortium jointly managed by Circle and Coinbase is being shut down and Circle is bringing issuance and governance of the USD stable coin in -house. So this is a big move, but it actually doesn't surprise me because we've seen Coinbase embrace USDC. They offer some APY, staking, yield, or whatever you want to call it, interest on USDC. I personally do that through Coinbase, so I'm earning some really great returns there. So big partnership, and I think this is a move to combat Tether. I think Circle being the largest stable coin in the United States, it's regulated. They use US treasuries as part of their reserves and Coinbase being the largest crypto exchange in the US that's regulated in public. It makes sense for them to come together and really make a push here for a global dominance, so to speak. And we got a lot of competition playing out in market. That's great, right? And it's also a move, I think, to combat PayPal's new stable coin, because as you can imagine, PayPal has huge branding, huge reach outside of crypto, and they have millions of customers. So Circle, I think, needed to make this move to go up against Tether and PayPal. And here's what the folks at Coinbase tweeted out. Today, Coinbase and Circle announced a few updates to USDC. Stable coins will be a key component of a new financial or a new updated financial system, and we look forward to helping unlock additional utilities and growing the USDC ecosystem. Expanding networks, USDC will be launching on six new blockchains for native support. Coinbase has taken an equity stake in Circle to continue our alignment and investment in long -term success of stable coins and specifically USDC. We have streamlined operations in governance with Circle having full responsibility and accountability for USDC as an issuer. For Coinbase customers, there will be no changes to the USDC on Coinbase, and Coinbase will continue to support USDC across all platforms with all the same benefits you enjoyed today, including gas -free transfers and rewards. So big update, my friends, and once again, this is a strategic move by Circle to combat Tether, which is the largest stable coin in the world, and PayPal's new stable coin. And as you can imagine, there's other players that are going to be entering the stable coin wars, and we're going to see possibly Amazon, possibly Google, we'll see. It would really make sense for Amazon to have a stable coin given the amount of customers they have. They have an e -commerce platforms where people transact. They have a prime membership subscription, and they could easily create something called a prime coin that's a stable coin base, and boy, would that go a far way. That will give a lot of these stable coins a run for their money, but I love it. This is what we want to see, competition in the market, and that's usually really good for users and customers, so great big strategic move here by the folks at Circle and Coinbase. Now quick word from our sponsor, and that is Uphold. Uphold is a great crypto exchange that I've used since 2018. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and equities on Uphold. If you'd like to learn more about this platform, please visit the link in the description. Well, folks, Gemini is looking to dismiss the SEC lawsuit claims accusations are flawed. The exchanges lawyers argued that the SEC hasn't provided key details about alleged securities such as sale date or parties involved making its case a week against Gemini. Of course, what can we expect from scumbag regulator Gary Gensler? They continue their same old nonsense. They're not giving any specifics. They're not giving any clarity. It's just a bunch of ambiguity. It's a bunch of gotcha type of moves, right? They'll ask you to come in. Oh, come on in. Don't worry about anything. They'll grab a bunch of information about you, and they don't meet with you in good faith, and then they'll stab you in the back, right? Even Coinbase CEO Brian Armstrong mentioned about this. He tweeted out the SEC has been acting shady about a year and a half ago, and I think it's going to kill these crypto startups so that his Wall Street banking buddies can come in and take over the market. We see many of them are filing for Bitcoin spot ETFs. They're launching their own crypto exchange, right? Fidelity, Charles Schwab, Citadel launched their own crypto exchange called EDX Markets. So it's pretty clear what's happening. Attorney John Deaton weighed in on this, and it's pretty long his thoughts, but it's really good. He said SEC lawyers like Jorge Tenreiro and SEC enforcement director have learned nothing from the Ripple case. Their arrogance is mind blowing. In the Gemini reply, Cameron and Tyler state the fact that the SEC cannot decide what is the security at issue only underscores the weakness of its position. It also violates fundamental fairness and the requirement of fair notice. In other words, the SEC makes up new arguments disregarding any previous argument in made early in the case that my friends sums up the SEC and its approach to litigating crypto assets. As we learned in the Ripple case, the SEC is 100 % transactional in its arguments, always shifting its theory or position. And he goes on to highlight how, you know, they are hypocrites on regarding the bill him in speech. Remember, they tried to have it both ways. And Judge Sarah Nemper and a judge said this about them, that they lack faithful allegiance to the law. It's pathetic what the SEC has become. They're rotten at their core, and it needs to be revamped, disbanded, whatever it is. Congressman Warren Davidson had a good idea by getting rid of the chairman's seat, having a board and have an executive director instead. And, you know, the it will be much better that way because you have these corrupt bureaucrats like Gary Gensler coming in and you have political agendas when they're not supposed to. It's pretty insane what's happening. So here's the thing, though, my friends, the courts are the balance of power here. What we're seeing, as you know, as we saw in the RIPPLE lawsuit, the judges are not putting up with the bullshit from the SEC because they don't have time for that. They follow the law. And, you know, they are, for the most part, siding with the crypto companies. We saw even in the Coinbase lawsuit, the judge was also throwing out comments like, what is a security and what is not? You haven't provided any guidance. You're just saying, hey, they sell unregistered securities, give an example. But of course, they won't do that. And of course, with the Ethereum situation, they can't even mention Ethereum because Bill Hinman, we know he was bribed essentially to give Ethereum a free pass. And I hope he sees the hands of justice coming after him. But, you know, we'll see what happens. And Jay Clayton as well. Now, Ron Hemmen of the Blockchain Association, who's a frequent guest on the podcast, he gave an update here regarding crypto regulation and what we can expect. So he said this week in Congress and crypto, two weeks until Congress is back in D .C. And they have a large number of issues to tackle when they return, including crypto. Earlier this month, Representative Mike Flood hosted his fintech flyover with experts and policymakers. Here's what we learned. The first ever fintech flyover was in Lincoln, Nebraska, and was a very substantive crypto policy summit. A full day of panels from experts such as Tiong Wei, if I'm saying that right. She's partner and head of regulatory policy at Bain Capital Crypto. Dan Nunez of Crypto .com. Jared Favel of Circle.
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at CryptonewsAlerts .net. Again, that's CryptonewsAlerts .net. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode.
A highlight from 1197. Elizabeth Warren Demands More Crypto Taxes Pro-CBDC Army vs Stablecoins
"So, Elizabeth Warren up to her antics again, this time using taxes, using CBDC, and many other tools to her disposal to try to take a position against crypto. We're going to be breaking down all of this for you guys today. My name is Paul Baron. Welcome back into Tech Path. I want to get into the first story here. Democrat senators want Treasury, IRS, to pick up the pace on crypto tax rules. So a few things that I want to break down in this article so you kind of know who the players are. I'm going to zoom in on this one. Elizabeth Warren, Bernie Sanders, Robert Casey, and then Richard Blumenthal, all involved in this. The idea is pretty simple. Treasury and IRS have until the end of the year to finalize new rules to help close the estimated $50 billion crypto tax gap. Now, this is something we'll break down because this is not necessarily the real scenario. It's what they're proposing out there. The other thing they want to put in here is, without quick action, your agencies are at risk of failing to meet congressionally mandated deadlines and the implementation of the final rule. We urge that you act swiftly and implement strong crypto tax reporting rules for cryptocurrency brokers. All of this, which we'll get into, one of the things the industry has said has become very antsy waiting on guidance, particularly with regards to the IRS defines a broker. Industry observers have claimed that the broker definition is very broad. We all know that because it could include miners and also software developers. That's another problem that already exists in crypto of who is a broker. And then secondly, or additionally, what are we hoping for? An industry perspective that is updated with the 6045 regulation, which basically gives different qualifications based on type of activity. The other thing they break down is it'll hopefully make it clear that not everyone effectuating a transfer of a digital asset would be subjected to a broker reporting. So this gets into some of the details of when taxes do apply, and we'll show a little bit more about this. The letter, the senatorial letter, comes days after the IRS issued new guidance update in 6045 regarding crypto staking, which is the other part of this that's pretty big, in which the agency ruled that staking income, regardless of the gains are realized, will be taxed as income. So you have to think about that for a second. You're staking ETH, you get ETH in return. You haven't sold ETH, but you're taking that as an income. That is the argument I think that everybody, of course, is up in arms about. If a cash method taxpayer takes stakes cryptocurrency native to a proof of stake blockchain and receives additional units of cryptocurrency as rewards, which is what happens here when the validation occurs, the fair market value of the validation rewards received is included in the taxpayer's gross income. So if you are staking, that's a problem. The interesting thing is that you do not take tax gains if you're putting that in a money market and you're getting paid interest. That's not gains until you exit those kind of scenarios. So this is an interesting aspect of how the IRS and how Elizabeth Warren is really putting pressure on it. Another point I want to get to here. This was coming from the 2021 Infrastructure Investment Employment Act, which is where all this came from. But basically, it said if we do not act quickly, that is, if the Treasury and the IRS do not implement these new rules in a timely manner, we risk missing out on roughly $1 .5 billion in tax revenue for fiscal 2024. At this point, you should not give this chance to tax evaders, which is what they're calling crypto people. And I think this is something that people don't realize just how much taxes are being paid by people in crypto. In fact, countries with the most taxpayers currently in cryptocurrency, United States leading the way, number one, Japan, number two, Germany, United Kingdom, and Austria. So you can kind of see we're already handling this because crypto is like any other really asset out there if you think about it. If you take a gain, if you sell an asset and you take a gain, that's a capital gains tax. And it applies to capital gains rules. Those are the same kind of scenarios that play into it. What I don't necessarily think is going to be popular is for them to continue to reach in to these unrealized gains, like taking unrealized gains and taxing them in any other corporate infrastructure, just not necessarily the model in which this plays out. The other thing that income tax is payable on is you're getting paid in crypto. That's revenue. So you're paying tax on that. You get an airdrop. That's a new asset you've received. Getting taxes on that. Staking rewards. That's the other scenario that plays into this. DeFi interest. Mining rewards and then even referral bonuses. All of those are income taxable at this time. There was a couple of things here in a report from CoinLedger that I want to showcase. And this was really kind of going through the people in their survey of who understood when a taxable event occurs. So 65 % of investors correctly identified that selling cryptocurrency is a taxable event. Now you have to sell it for a profit, of course. If you sell it for a loss, that's not obviously a taxable event. But only 38 % of the investors correctly identified that a crypto -to -crypto trade is a taxable event. So this is still questioning and also it's still not completely clear so that the IRS, but also even your tax preparers understand really what's happening out there in the place. And I think, again, this all goes back down into regulation, which will flow into the tax code and many other aspects. This is kind of interesting right here. This was further from the CoinLedger report. 50 % of non -taxpayers don't report because they haven't made a profit currently in cryptocurrency. You have to remember the last two years, really since 2021, almost anybody in crypto, along with other assets out there, have been in the negative. Right now, haven't made a profit, so you're not going to be paying taxes on that. I didn't know I had to report. Some people said that. I don't understand how to report, 12%, and then I don't want to pay taxes, 7%. So that should have been larger. Government doesn't know about my cryptocurrency. Okay, those are the bad guys right there. So the likelihood is if you guys are watching our show and maybe you're brand new to crypto, it's treated like any other asset class. Doesn't have any really differentiation. It is money. If you're taking it as revenue, if you're taking it as income, if you're taking a sale and getting profit from it, you're going to be able to take taxes at that time. Those are taxable events. The other problem is that it's not like an investment if you do lose money where you get to use that as a tax loss. So that's another problem of how this could. Now you can do some tax loss harvesting, of course, obviously you should get with your own CPA to understand how that works. I want to go to a clip here because the clip will go into a little bit about where, and we're kind of transitioning out of taxes into CBDC, but where Warren stands on CBDCs. Let's know what she said. So that's not so hard on stablecoins. The harder one is what do you think Bitcoin is about? If you think it's about being able to transfer value without having to go through banks, and little side note, I think banks have done a really bad job of a lot of the things they're called on to do. Yeah, the biggest advocates of Bitcoin sound like you. Yeah. Meaning they want to break up these big banks have been terrible, right? That's exactly right. And they've cheated consumers and they've kept prices high and they're slow and they won't cash a check. Five to seven days to three to five days. There you go. And it was a huge victory. Huge victory, right? That they only held onto your money for five to seven days. So a lot that banks do wrong, if you think we could improve that in a digital world, the answer is sure you could. But in that case, let's do a central bank digital currency. Are you there? Oh, for a central bank digital currency? Yes. All right, so you can see she's very pro central bank digital currencies. If you look at Warren Davidson's tweet right here, in America, CBDC should be banned. This was one option, a jailable criminal offense declaration of war and implemented. Obviously that was his kind of poking fun at, but banned is the big one is that we shouldn't use it. This is a big scenario that plays out, has been playing out for quite some time on the CBDC front. So let's just understand that CBDCs, if we do get to that, and I think this is one of the reasons that obviously crypto in general has been more popular and started to become more popular around the world, especially in countries that already have problems with their fiat. And I think that is going to be an issue that will continue to face here in the U .S. of how that does play out on a digital currency. If you look at what's happening in China, obviously their social credit system is all tied to eventually to the money. So definitely a problem. Now the other things that play into this is that there could be some scenarios right now where Gensler is going to start trying to do some other things to try to deflect maybe a possible loss that could be coming at him. One of the things that's happening right now, this of course, hacks crypto founder used investor funds to buy almost four and a half million Black Diamonds. This is the SEC. So this again is nefarious actors like Richard Hart and others that have been in the crypto space. Listen, this is not the only place that has those kinds of actors out there, but this is a good example of just how the SEC is trying to go in and deflect a little bit. Here was one of the things they charged, SEC charges 18 Utah defendants with a $50 million crypto fraud scheme. So again, Gensler and the SEC are on the warpath right now. And I always wonder why, because these are small fraud. And I look at this, they're definitely not a Binance, they're not an FDX, and they're definitely not a Coinbase. So why are they going out after these very low hanging, I'm sure they should, but it's almost making mountains out of molehills in the kind of scenario that this is faced into right now. Are they maybe setting up for deflecting off of a potential big loss, such as possibly an approval through the House on these crypto bills? Just to give you an idea of just how close Gensler is to the regulatory and the political landscape, look at the timing here. January 12th, this was 2023, he sued Genesis. During that time, we had the House Financial Services Committee announcing their subcommittee on digital assets, so nice timing there. February 12th through the 14th, Wall Street comes in and says they've issued a Wells Notice for Paxos. At the same time, you had a committee hearing on crypto crash, why financial system safeguards are needed. Then you had this one, March 19th, he goes in and he publishes the op -ed in The Hill, and then you had the Senate Ag Committee saying we're going to do these crypto hearings. Then he does April 27th, and you can kind of see it just all ties in to activity that's happening in the political forefront. He is coming in, or the SEC coming in, and timing is everything. So the reality is that all of this is going to play into the hands, I think, of the industry and also to the lawmakers understanding what the SEC's overreach has been. So it's going to be one that will probably play out in a very short period of time. I want to go to this next clip of Ron Hammond from Blockchain Association. Listen in. At least in the market structure bill, which again, got more votes than the stablecoin bill from Democrats, which blew everyone's mind in D .C. No one expected that to have ever happened. We were expecting like four or five. We had six Democrats join. Stablecoins were expecting 12 or so Democrats to join. We only got five. All right. So simply kind of taking a little bit of a victory lap of what has happened here recently on the House floor in terms of the committees and getting ready to send both of these bills to the House for a potential vote. This will happen in September. Let's take a listen to this next clip on Hammond on Gensler. And I think the market structure vote in particular just shows how much he's lost his own party in terms of buying the narrative that, A, the status quo is fine, B, there's no need for legislation, and three, he's doing a good job on the enforcement end. And we saw that on all three arguments from different Democrats fail each time. And I think the fact that there's six Democrats who bucked their own party, who bucked the SEC and said, yeah, we're going to advance the market structure bill forward. Even the House Act Committee said, yeah, we're going to advance this bill forward, too, without any opposition recorded. That's huge. All right. So I think the play out on this, you know, when you look at the current landscape right now of what Warren's attack is, the crypto army, you look at the positioning that really D .C. is doing currently, and now could this play into the political landscape for 2024? Yes, it could. But the bigger play here, I think, is still the regulatory front. And that means that either the SEC is going to lose some of its power and the CFTC is going to come in and start to have a little bit more divvy up of what digital assets and how they're controlled through these government agencies. But really, how does this play out maybe into the future? This note right here from the block, they were talking about the commission being the SEC has so far received 52 letters about these proposed funds. This is in reference to ETFs, with most of them expressing support. So it's very possible that we could see an ETF actually get passed here. And you've seen some of the things we've talked about here on the channel before in the last couple of weeks, you know, everything from the Bloomberg team and so on around the potential of the ETF getting passed, the Bitcoin ETF. If that does get passed, that would be huge for the market, would absolutely legitimize what's happening in this space. And I think it would probably, in most cases, put so much pressure on D .C. that they have to move to going in and actually getting some landscape in play. Most of the comments against the approval appeared in multiple letters from a business consultant calling themselves the due diligence. I think basically this is a bunch of banks tied in behind this and this was the counter argument to what an ETF should be. So there is full political folly in play here and it is happening at, I think, light speed right now, much faster than what I anticipated even. One of the last things here is the comment period wraps up next week. So the SEC accepting letters for the final funds around August 11. So meaning that Gensler is getting ready to have to actually make some decision either for or against or a delay, which is probably what most likely will happen. But the good thing is that, like I said, there's going to be a potential right now which keeps increasing of a potential approval coming from some of the best ETF experts in the world that are analyzing where the situation is and kind of how it's going forward. Additionally, you've got anti -crypto movement now escalating Congress's assault on privacy. This is where a lot of people are starting to look at the idea of cash and just personal privacy, which is one of the biggest issues really around the world. And if you think about just how important that is, this would give you an example, cash matters, free citizens entitled to privacy and the protection of their data. In the UK, 74 % of people say cashless society would take away the people's right to choose. In the U .S., it's 73%. When it comes to purchases, personal preferences should remain exactly that, simply meaning that with a CBDC, we all know what that means, the control of the cash, control of what you spend on, then it gets into the control of what you spend on based on your political viewpoints or other aspects of your life that all start to play it. So cash does pretty much empower citizens to become capable of kind of voting with their wallets. And I think this is a very critical scenario that's playing out right now. CBDCs will be a big part of this. So you've got CBDCs happening, you've got what we're going to be dealing with on a taxable side and then the legislative. So all of this happening right now, literally in 2023, and it seems to be coming to a head very quickly. I think as we move forward, there's going to be two things that come out of this, and that is how these bills start to move their way through Congress and eventually, if we do get approvals, to the president's desk. Here's of course, the Senator Lummis and Gillibrand bill. Just another piece of legislation that is making its way through. Most likely, this is one that will not happen, mainly because of the association and the collaboration, I think, with the ICC. The bill involves a broader swath of agencies, so this is kind of interesting because it gets into the Office for Foreign Asset Control, the FTC, OFAC, FinCEN, et cetera. The SEC is provided also with something that a section -by -section overview claims resolves a long -standing issue with the SEC custody requirements. Probably the bill that will not make its way through, which gives us back to the scenario of the two bills that are currently on the floor that most likely will make it. So good news, I think, in general, bad news for the crypto army and CBDC is still coming to a head, but I think the good thing here is that, in many cases, it's like bad PR is even good PR, but the point is that the industry, lawmakers, finance community, they're all talking about crypto, and in the end, that is good for the asset class. One other thing that did happen, which is kind of interesting, this was a letter to Tim Cook, and we did a full video on this, so I won't go into the detail of this, but mainly it was trying to get Apple to get less and less constrictive on asset classes that are making their way through apps or innovation that are involved with blockchain. One of the things that they got into was purposely limiting choice and stifling innovation at the expense of user experience. This is a problem that Apple kind of faces for quite some time. And we broke down a lot of this, but the big deal is this right here, responding to the following questions no later than 5 p .m. on August 14th. So this is another issue that is coming to a head here in August of Apple having to actually address what's happening in Capitol Hill around the blockchain and the crypto industry as a whole. So again, just another big benefit, I think, for where this market is going. I want to go to this next clip here, and this is again Ron Hammond, on where he thinks Apple's position is. Listen in. But this is a bipartisan letter from the leaders of the subcommittee on innovation. That sends a message that says, look, I mean, Apple's getting hit on a number of fronts, but this definitely sends a message saying, you know, hey, look, you're on the clock right now. We're looking at you. So that committee is going to be taking more of a role over time because we've seen this talk and this narrative of crypto really shift more and more in D .C., at least, talking about the tech itself, which is perfect, is exactly what I want to talk about, the innovation and the technology itself. And that's the Energy and Commerce Committee. That's a bipartisan letter that sends a pretty good warning shot to others in the industry saying, look, you know, crypto is here to stay. We have concerns that the U .S. are probably blocking them out. And that's not good on our watch. All right. So I think this is one of those things, again, that the thwarting of innovation is a concern here in the United States because it's one of the things that pretty much pushed the U .S. ahead of the entire planet when it comes to really capital growth, entrepreneurship, how we grow our own economies, but more importantly, our position in the hierarchy of the global structure in terms of just being the global power. And I think if you consider that, you have to look at what's happening in Europe. And with the EU, markets and crypto assets regulation, this is MICA, this is a regulation that's pretty much been in place, and it's now starting to take form. And one of the things that you have to kind of look at here is their consultation package three. These are all actually happening now. Qualification of crypto assets and financial instruments, monitoring detection, notification of market abuse, investor protection is happening, you can kind of see the things there on reverse solicitation, policies, procedures, all that. System resilience and security access, all that is building. Mainly what is going on right now in MICA is they're prepping to get all of this regulation in place so that they can roll out this program. And when they do, it is going to put the EU at the front and center of one of the biggest asset classes that has ever been created. This is the power of what crypto and blockchain is bringing to the planet. And that's why I think we are seeing all of this scrambling going on here in 2023 in the U .S. Look at the timeline here of MICA. June hits, publication goes out. July, the consultation package one already rolls out. October of this year, we're going to see package two. And then by Q1, that's when that consultation package three goes into play. And then we have early entry into the application and then the rollout by end of next year. So this is pretty significant. Further into their rollout, this kind of, let me kind of zoom out on this a little bit. This shows more background on all the transitional measurements that are going to take place. And this looks complicated, but really what it simply means is these are the deadlines that they're trying to meet to get all of the organizations that are applying for regulatory position in the EU into play so that they can go into the markets with all of these things in a legal way. And I think that is what is interesting. I think they're going to stay very sharp on these timelines because they don't want to look stupid. And right now, the world is watching. Everybody's looking at this. Asia's watching this now. The U .S. is pretty much on a big race with it. I want to go to a next clip here. And this next clip is a little bit more about the BRICs, now why the BRICs matter. And listen to this one. This is an important one. Yeah. So BRICs is a collection of countries that are trying to find an alternative to what they see as the hegemonic dollar based U .S. run global economy. So BRIC stands for Brazil, Russia, India, China, South Africa. But what happened in the wake of the Ukraine invasion is that the U .S. seized Russia's presumably to try to set off a banking crisis. Now, ironically enough, for separate reasons, our banks crashed. But anyway, that didn't work. But the problem, yeah, the problem is that every country on earth saw that happen. All right. And you've got now all these countries that they were never really hostile to the U .S., but they're starting to wonder now, could they come after me? Could they try to crash my banks? But at this point now it's accelerating. And so they've got a meeting coming up in August. And one of the items that may or may not be on the agenda is the prospect of a gold backed BRICs currency. What I think is interesting is that if any country did gold back a widely used currency, that would I mean, it would be catastrophic for the U .S. dollar. Right. That would give the world an alternative sort of payment rail that is even stronger than the dollar is today. All right. So hopefully you guys are seeing how all of this is connected. You go from everything that Elizabeth Warren is doing on the legislative front to basically tax Americans, kind of setting up the scale of what and how this asset class is going to be dealt with, to how we're going to control the digital dollar, which is the CBDC, and whether or not FedNow will play into that in the future. Then you tie into all this regulatory framework. And then lastly, but not least, is BRICs and their importance on the global front. If you look at this tweet right here on World Statistics, GDP at purchasing power parity of the world. Here's the G7. You can kind of see U .S., Japan, et cetera, all the way in there, 45 percent 1993, all the way down to 2028, around 27 percent. The BRICS nations, all the way down to 2028, they will actually accelerate over the GDP of the G7. This is pretty significant because all this was, again, projected by the IMF, the International Monetary Fund. One of the things around this is whether or not, and St. Auge talked about that, Peter, the guy that we just did a clip on, he talked about the importance of this gold -backed dollar or BRICS currency. If that were to occur, that would be, as he said, catastrophic for not only the U .S. dollar, but I think catastrophic for the globe because we would see a shift in power pretty quickly. So here's the alliance right here. This is a scary picture. BRICS alliance will discuss the usage of local currencies for cross -border transactions in the upcoming summit in August. Now, the good thing, the good news, if there is some, is they're talking about using local currency as opposed to gold. Had they used gold, that would have been a huge blow into, really, the future of the U .S. dollar, and they still may go that direction, so you have to be considering that. Again, why is it important to be investing in cryptocurrencies or digital assets? We've just painted out a picture for you and the reasons why all of this flows up in a very interesting domino effect toward how just monetary systems are going to be run in the next 100 years. Stablecoins' potential counter to de -dollarization, that's a big part of this. So in this particular scenario of this article, people familiar with the talk said that the last moment the White House National Economic Council, this was Lael Brainard, dumped cold water on this stablecoin bill saying it didn't put federal regulators in a strong enough role. And remember, if you'll recall, we did a video on this where, of course, Patrick McHenry and Maxine Waters were negotiating that. And there seemed to be an agreement prior to going to the vote. And then at the last minute, Maxine Waters pretty much got the phone call from the red phone and that was dislodged. And then, of course, McHenry went to the floor with what was the old bill that did not have all the changes in it. So again, a lot of politics being played out right here in D .C. And again, this is very important because of the global position and what we are trying to do to essentially compete at a very high level. I want to close this out quickly with our last clip here. This is just the stablecoin timeline from the Blockchain Association listening. It does, unfortunately, hinder it a little bit, but I've had conversations with staff and members of Congress after the fact, and they seem very gung ho in trying to resolve this issue before the whole entire House votes on that bill. But likely what's going to happen is that in the fall, there's going to be a general House floor vote. Every member of the House gets a vote on this, which, again, it's a lot of education. So I've already had some Republicans reach out to me for more the right wing of the caucus saying the stablecoin bill is just a CBDC bill. And it's like, no, it's not. It's nothing related to that. On the left, we're seeing a little more consumer protection concerns and also just the general crypto skeptic concern as well. So August, we're going to have a break and in the fall, you're going to have a vote, right? Exactly. But I think for sure in twenty twenty three, we'll have a general vote on the House floor. And then you can see for yourself what your members of Congress are supporting crypto or guardrails for crypto and which ones say, you know, nah, you know, I don't I think the status quo is fine. All right, so big actions happening this fall and part of this will, of course, will be the stablecoin bill, but also crypto and digital assets in general hitting the House floor. This and as Hammond said, this will be a critical time because the scenario that plays into this right now is it's going to showcase into a lot of what we'll see in the political runs and the campaigns that are being run next year in twenty twenty four. So this could become a little bit more of a voting scenario. So hopefully this has given you guys a rundown. I know it's it's it is a lot here to to kind of digest. If you're new to our channel, we try to break these down. And I promise we're going to try to get these in a little bit, maybe smaller bite sizes. But you can see the breadth of what's happening globally, especially here in the United States right now, because this is a fight for your wallet. And that's why it's so important and that's why we're seeing so much activity happen. You guys are part of the Diamond Circle. Great. Glad to have you in. But if you're not, make sure and join. All you have to do is click the link down below. We we do, of course, a podcast over there, a lot of additional research. I even do additional analysis over there. So it's a great place for you to start here with the PBN team. And of course, it's the best way to get to us. Just go to our website. You can join right there. Of course, if you're not following me at that out there on X, it's just at Paul Baron. We'll catch you next time right here on Tech Path. We'll be right back.
A highlight from JOE BIDEN BULLISH ON BITCOIN?? COINBASE SEC LAWSUIT DISMISSAL, FIRE GARY GENSLER + COREUM
"Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit 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, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. This content is brought to you by Uphold, which makes crypto investing easy. I've been a user of Uphold since 2017, they have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and equities on this platform. If you'd like to learn more about Uphold, please visit the link in the description. Well, folks, I want to start off with President Joe Biden, who appeared to signal that he was bullish on Bitcoin today and had the entire crypto Twitter community very interested in what is happening here. But let me give you the rundown. He posted a video of him drinking a cup of coffee and on the mug that he was drinking the coffee from, it had his face with laser eyes and it said 2024. So of course, we all know that laser eyes means was part of the crypto bull market and bull run of 2020 and 2021, where people were bullish on the market. A lot of Bitcoiners had the laser eyes up. So immediately the crypto community was like, wait a minute, what's happening here? Is old Joe promoting Bitcoin? Is he long Bitcoin? But that's not the case. In fact, he's promoting his dark Brandon meme. And for those of you who hate Joe Biden, please, I'm just reporting the news. So I know people with politics get very emotional and triggered. So I'm not here to support Biden or whatever. That's not the point of this reporting, but rather what the crypto community was perceiving to to be happening around what he posted. So to put it to bed, guys, this has nothing to do with Bitcoin. This has to do with some dark Brandon meme or something like that. And I personally don't care about that. But yeah, you know, it was when I first saw it, I was like, wait, what is this guy long Bitcoin or something? Because once again, that meme was primarily used for the crypto community. But that's not the case. Now, let's move ahead Coinbase to file orders seeking dismissal of the SEC lawsuit. Paul Rawal said Coinbase will seek to dismiss the SEC suit on August 4th, which will argue that it never sold securities as the regulator alleged. Now, we all know Coinbase is suing the SEC and the SEC is suing Coinbase. Now, the fact that the SEC sued Coinbase first is ridiculous because the SEC approved Coinbase to go public, knowing their business model, knowing they were selling different tokens, had staking and much more. Now it's turning around saying, oh, all those things are illegal, right? It's just asinine. But as I've been saying, we're dealing with a corrupt scumbag regulator by the name of Gary Gensler. He is doing whatever he can because he's a puppet on strings and he's doing the bidding of the Wall Street TradFi companies. He's trying to kill these crypto startups, not kill crypto, kill the startups so that his friends, BlackRock and all these folks can come in and take over. And I think we see that, right? BlackRock and all these guys are entering the market, but many of them are launching crypto exchanges and much more. So Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on August 4th. So that's tomorrow with the crypto exchanges legal chief saying it expects to win the case on its August 3rd, second quarter, 2023 earnings call. Coinbase chief legal officer Paul Grewal expressed confidence the exchange would win the court case brought by the regulator. Here's a quote. With respect to the litigation with the SEC, I want to be very clear. We do think we can win. We expect to win. The SEC sued the exchange on June 6, alleging it sold unregistered securities and operated as an unregistered securities exchange. Grewal said Coinbase will file a motion asking the court to dismiss the lawsuit on August 4th. Here's the quote. Tomorrow, we will be moving the court for an order dismissing the case in its entirety. Grewal said it will argue that Coinbase did not list securities on his platform, that the SEC has no regulatory authority over crypto exchanges, and it never suggested to Coinbase there was a requirement to register when it declared Coinbase's registration statement effective in April 2021. So I think Coinbase has a strong case here, guys, because obviously, as highlighted, the SEC Coinbase approved to go public, right? And Coinbase went through all the hoops, right? They had to make sure they had all the bells and whistles before you go public. That's a lot of audits, a lot of registration, a lot of things that you have to have in line, all your ducks in a row, right, to go public. So they did all that. And the SEC didn't say anything, right? Hey, here you go. Here's your stamp of approval now is turning around two years later or whatever it is suing them. So right away, I think we're seeing even the judge in the lawsuit was calling out the SEC about this. Like, what is your definition of a security? You know, you can't make blanket statements. You have to give specifics. But we know the SEC don't know they don't know what they're doing. And we're dealing with a corrupt scumbag regulator that is Gary Ganser. In addition, I think Coinbase, they're going to use the ripple ruling guys with secondary market sales, these crypto assets being declared, not a security intrinsically, right, basing off of what the judge rule for XRP. So they're probably going to use that as well as they see, look, this this is asinine. We're in the secondary market sales business. So you can't say we're listing securities and you have to litigate each of these tokens specifically. And Coinbase, like I said, they're the most regulated crypto entity in the United States and possibly the world because of all they had to go through to go public. So it just makes Gary Ganser look like a fool, not to mention BlackRock is partnered with Coinbase. Coinbase is doing a lot of big things in the United States and around the world. So it's unbelievable that we're dealing with this buffoonery. But once again, scumbag regulator Gary Ganser. And here's another example. Folks, Congressman Warren Davidson tweeted out the following regarding what John Deaton's crypto law tweeted out. He said, in case you missed it, the SEC has a Gary Ganser problem and a structural problem that he has exposed to stop politicizing the SEC, pass my SEC Stabilization Act, restructure the SEC and fire Gary Ganser. This is coming from a congressman. Right. You know, you screwed up when members of Congress are calling for your firing. It's unbelievable that we're dealing with this. And guys, remember that he congressman Warren Davidson put out a bill to have Gary Ganser fire, change the structure of the SEC, remove the chairman and have an executive board. And it just would be much more better, in my opinion. And it may not happen now, but I think this this has this could be something that's put into place because you have these corrupt bureaucrats like Gary Ganser getting into power and it's all political. He's looking for the Treasury job, so he doesn't care. He doesn't care if he's stifling innovation and he's just a puppet doing the bidding of his his puppet masters at Wall Street. And here's what John Deaton's crypto law highlighted. It's a chart showing the timeline of crypto regulatory activity, what Congress has been doing and when Gary Ganser chose to take actions. So crypto law, John Deaton's crypto law, they said just a reminder that Jeff John Roberts or Jeff Roberts, excuse me, put his this handy chart together for Fortune magazine that shows Gary Ganser counterprogramming lawsuits, Wells notices and public statements against Congress advancing on setting clear rules. Ganser is protecting his power, not the markets. And you look at the dates and it makes sense, folks. He's timing these news items, right? Scumbag regulator. He's supposed to be working on behalf of the people he's he's paid by our tax dollars. He's not voted in. He's appointed. So the fact that he's trying to do these things is unbelievable. He needs to be kicked out. And as Congressman Warren Davidson said, they need to restructure the whole SEC. Now, let's move ahead. We got some very bullish statements coming out of Japan, Japan's prime minister. Here's something he said at the Webex Asia conference, which took place recently, July 25th to the 26th, he said Web3 is part of the new form of capitalism.
Congress Grills Gensler on Anti-Crypto Stance
"Yesterday was for so many of us, akin to the Super Bowl of crypto regulatory action. It was the long awaited verbal comeuppance for the industry's number one antagonist. Yes, yesterday SEC chair Gary gensler sat in front of the House financial services committee for a grueling four and a half hour oversight hearing. Now, gender last appeared before the House in 2021, although he did appear in the Senate for an oversight hearing in September of last year. Ahead of the hearing notable Republican committee members, including GOP whip Tom emmer, and representative Warren Davidson, expressed deep misgivings about how gensler has been running the regulatory agency and foreshadowed a tough interrogation. The hearing covered a broad range of regulatory changes that have been introduced during gensler's tenure. This includes climate change disclosure requirements, proxy share ownership and major market structure reforms, all of which were seen as regulatory overreach by House Republicans. Since gensler came into office, he has used the agency's rulemaking power at an unprecedented level, introducing 53 new rules in the two years he's been in office. That's more than twice the amount introduced under each of the two previous SEC chairs. Of course, it seems odd, given that one of the key issues the crypto industry has with the SEC is ignoring proper process by avoiding the rulemaking procedure when making changes. But in broader financial markets, gensler is viewed as being far too prolific in changing the rules. He's seen as often speeding through the public comment process and increasing compliance costs for public companies with these plethora of new rules. Now, despite all of those issues being raised, the focus was undeniably on the SEC's recent rampage through the crypto industry. Republican committee chairman Patrick mchenry got right to the point in his opening comments. Which criticized the SEC's approach to regulating digital assets. But Henry said, under your leadership, the SEC has brought nearly 50 separate enforcement actions against digital asset firms. At the same time, you have refused to provide clarity on whether digital assets as part of an investment contract are subject to securities laws, and more importantly how these firms should comply with those laws.
The IRS Makes a Bizarre House Call on Matt Taibbi
"Matt taibbi testifies in front of Congress, asked questions by the weaponization of government committee and talks about how Twitter has been involved with the federal agencies and then he gets a knock on the door from the IRS. And who is it? It's the IRS asking about your tax returns. Now, that's very unusual. The IRS really doesn't do house visits. And why is it that they then decide to go knock on the door of a dissident journalist? We know the reason. This is stalinist Maoist behavior from the Biden regime to try to chill speech and intimidate journalists. Could you imagine that if when Trump was president, this is the equivalent that when Trump was president, Maggie haberman got a knock on the door from the IRS? And they just knocked on the door to Matt taibbi, would be a shame if you get audited. I mean, we're supposed to believe this is a coincidence? No way.
Why a Recession Is Imminent With Economist E.J. Antoni
"Very confusing economic climate currently, a Washington D.C. seems just determined to continue to spend more money as inflation goes and the economic indicators go under. We have bank collapses, federal government is doing more than ever, the fourth branch of government seems completely just unchecked and they are doing whatever they want. So EJ, we're seeing, we're seeing this confusing economic time and it's hard to pinpoint exactly where we are at. And I know this is a difficult question, but if you were to forecast the economic trends, do you think we're already in a deep recession? We're going to stay in a deep recession, what is the data showing you? Early, it's a really, really great question. And when we try to determine, for example, when a recession begins or ends, we have to look at a whole host of different factors. And right now, the majority of those are pointing down. But probably not enough to really say definitively. Yes, we the economy is contracting right now. But what it looks right now, just given today's data before years end, we are definitely going to be into that downswing where the economy is in fact contracting. And I have quite frankly given up on all of the so called experts who are supposed to officially determine whether or not we're in a recession because look at last year. Look at the first half of the year when the economy actually shrank. And what happened? That came and went. And again, the so called experts never batted an eye. Whether or not that was politically motivated, I'll leave that to you to determine, but the fact remains that the economy did contract for the first half of last year, and it's very likely going to begin contracting again in the very near future. One
Heritage Foundation Economist E.J. Antoni Discusses Inflation
"Now is EJ and Tony from the heritage foundation, the new and improved heritage foundation, economist and very smart man. EJ, welcome to the program. Charlie, thank you for having me. Of course, what in your opinion is the true inflation rate and what does that mean for middle class muscular class people in the heartland of the country that are just trying to make ends meet. The floor is yours. Charlie, it's a great question, you know, inflation is in the short run really difficult to measure in the long run. It's pretty easy because everything tends to go up by about the same amount. But in the short term, it's affected by what government is purchasing and where the money is going at first before it has a chance to filter out to the rest of the economy. So we have a lot of different ways to measure inflation, but all of the official government metrics have a lot of flaws to them, not the least of which is the fact that they fail to account for those who are affected the most by inflation and taking a more accurate measurement of the cost increases that those people are facing. And once you do that, in my opinion, you add at least two or three percentage points to the official inflation metric. You can look at something like eggs, for example. That is a very good illustration of how the poor who disproportionately use eggs as a source of protein have been just dramatically affected by the increase in food prices because eggs have gone up so much more than fillet mignon, for example, on a percentage basis.
"davidson" Discussed on ACG - The Best Gaming Podcast
"It really depends on also how you play. Because if you're like me and your OCD, you're picking up every single guy. What's wrong with that? I do the same thing. And then pick a mom. It's a slows my roll carrot. I don't need the take all button in any RPG, which is like everything out of the drawer. They added that at some point. Well, you have the filter for purples, don't you? Don't you have like the filter where you can choose only to pick up certain colors. Oh, I meant like that you just hold E and you pick up everything in the scene. Yeah, and you don't even have to do that anymore. Oh, right, yeah. Yeah, I just automatically remove it from the game from the game. You're just a, you know, you have all this graphic. Picking up everything. Black hole for loot. Sucking up everything. But yeah, so these guys, a huge thanks to them for coming on. Check out their stuff. Borderlands got, I don't know when this will be announced. I'm assuming there's going to be another full borderlands for at some point. You guys haven't said anything, right? We haven't nothing about we're never doing another one. Yeah. Yeah, right. Well, Josh didn't smile when I said right, so who knows, but regardless of what happens, awesome games that it seems like everybody absolutely enjoys, honestly, really, really cool co op shooters, but even cooler just that they come on and talk about audio, which is just, it's rare that you get people who want to talk about audio or who can for a long periods of time. We got Austin wintry, who's come on. These guys have come on, we got Justin bell, all these people that you guys should celebrate by going and checking out their stuff because again, 90% of the game is not visual. I'm sorry. Okay, I'll change that. 70% of the game is not 50%. Okay, I'm changing my score. 50% of the game is visual 50 is audio. And if you are not paying attention to the audio, I implore you just one time. And play and see what these guys have done because it's fucking awesome. When you appreciate you having a voice and being an advocate for us, it's a really big deal to us too. Yeah, I always will be, even, you know, if you ignore the pickup animation. It's so weird, though. It must be a real thing because they mention it after women mention it just. So it's obviously it's on people. It's on people's radar. By the way, quick shout out to Kepler north, which is Joshua Davidson's music on Spotify. You can look at it.
"davidson" Discussed on Expositors Collective
"When we're talking about most of scripture, we think of the richness of scripture where you can re diverse ten times and the 11th time you see something fresh and new that we understand that there's layers to its meaning and message. Until we get to genesis one and because of all of the anxieties over these apparent conflicts, that discussion often collapses into what is the singular monochromatic understanding that must be defended against all others if you're going to get this right. And we really lost this sense of the richness of scripture. And so there was a desire to recapture that by going in kind of setting aside those scientific conflicts and discussions. And looking at it from the perspective of the people that it was originally written to and the literary beauty of that text and to recapture some of that richness. Hey, welcome to the expositors, collective podcast, episode 223. I'm your host, Mike neglia, and this episode is kind of unlike many of the previous shows that we've put out. I'm interviewing two different authors, doctor Greg Davidson and doctor Kenneth Turner, and while we do have specific content in this episode about preaching and teaching, this is largely about biblical interpretation. We talk about preaching the manifold beauty of genesis one. Looking at a familiar passage and a somewhat a battleground passage that a lot of people from different traditions have very strong opinions as to what genesis one means and what we should be saying about it. In this conversation, Greg and Ken kind of open up the windows and allow several other perspectives in to help us understand this passage and biblically, faithful categories. So they've written a book about it, which is published by kriegel academic, which is doing very well. And you're invited to listen in to me speak with Greg and Ken, about different ways to faithfully understand and then some of the ways that we can apply that in our preaching and teaching. With genesis chapter one, and then also with other contentious passages in holy scripture. Before the episode starts, of course, let me say that our next in person training event is taking place October 14th and 15th in Boise, Idaho. Be sure to keep an eye out on our website, expositors collective dot com and social media that's going to point you towards places where you can register and save your spot for two days of incredibly practical hands on workshops and coaching to help you grow in your personal study and public proclamation of God's word. All right, I'm going to get out of the way and then here's myself, doctor Greg Davidson and doctor Kenneth Turner, speaking about the beauty in genesis chapter one. Hey, welcome to the expositors collective podcast. There are two guests this week. Doctor Gregg Davidson and doctor Kenneth Turner. And so I'm excited to be talking with you guys about the manifold beauty of God's word, you guys have published a book that will be referencing later on. The manifold beauty of genesis one, but kind of as a way to get introduced to you, I'd love to hear about your first sermon you have a preached. Yeah, so I was converted when I was 18 in a small little dirt parking lot, baptist church that was a reform baptist tradition. And so I was immediately kind of enamored by my pastor and theology, as I was learning the basics of the gospel. But one of the good things that church did is they gave me opportunities to speak to youth group, to even read from the scripture. I even tried to join the choir, but I had no voice. But early on, I remember even the first Christmas of my freshman year of college, I came back home and there was a series of us guys who were given slots to preach and it was my chance. And don't have a lot of details in mind. I just remember looking back being very scared, you know, I had been taught the kind of the preaching of God word is as fully moment and wanted to be prepared and doing all the study and preparation. But I remember looking back just thinking, I am so into myself, I'm so worried about how I'm coming across wanting to be accurate, but also effective, I was a scary moment. And while I was feeling called administrator at that time, some of those moments if I didn't have the encouragement of my church, I think I would have given up. Got in taught high school or something like that. Yeah. Well, we're thankful for that. Doctor Davison? Yes, so of course, Ken is the Old Testament, Hebrew scholar guy that people expect. Of course you fill the pulpit at least from time to time. And we're not necessarily expect that from the geology professor, but I actually grew up in an extended family family where both my grandfathers were preachers. My father was a biology professor, you might have thought that there'd be some clashes there. There weren't. There was this synergy where there was a wonderful appreciation for the truth of God's word and its inspiration, as well as an appreciation for the study of nature. And actually, when I was in late high school, I was actually thinking I would get a degree in an undergraduate degree in science, but then got in the seminar. So my first sermon was kind of like Ken's. It was a short one that was in high school. That was, of course, when you're that age, it's always about, yeah, I want to impress people more so than I want to be a good steward of God's word. And we all grow and repent from that self centeredness, hopefully. So that was a very positive experience. I ended up feeling more later in college called to stay within the sciences and to be able to minister in various ways there and it's been interesting that it has come around full circle that I've been able to engage in theology. And periodically, Phil pulpits. So my very first full sermon was when I was in grad school and it was on a passage and revelation and the very next Sunday, the head pastor got up and said, I don't really agree with what Davidson said. Well, thanks. That would have confidence. Oh, okay. Wow, that's fun. That's fun. Well, yeah, revelation is a tricky book to understand. The Bible kind of begins and ends on some, I don't want to say confusing, but complicated or nuanced, nuanced books that ought to be understood according to their genres. And these types of things. Hey, on that note, would you guys like to tell us about our latest book, your recent book? First book together, is that right? The manifold beauty of genesis one, a multi layered approach. Yeah, so I guess I'll kick it off mainly because the so it was an idea that I had had that.
"davidson" Discussed on Daily Pop
"Sorry, court, you're Travis. You can stop now. Before letting the calm down. As we mentioned, Pete Davidson was not at the wedding. Well, we all know where he was. Apparently, well, there you see Pete actually got to the wedding on this fingernail. Meanwhile, Pete was busy making other big news of the weekend. He announced he's leaving Saturday Night Live. Co Colin and che and millions of people only watching to see if I bring up Kanye. So are you officially leaving? Yeah, man. Lauren accidentally gifted me a sock, so I'm free. He always gives the best advice. Really, this is all true advice that Lawrence given me. I'll never forget this. I called him and said, when I got engaged, I said, Lauren, I just got engaged to Ariana Grande after dating for two weeks. And he said, oh, hold on for dear life. And then I remember when I auditioned for SNL, he looked me right in the eye and said, I don't know, I don't think you're right for this show. So let's screw this up together. So hard to say goodbye after 8 years. Do you think it's right for him to leave SNL? Is it the right move? I mean, I feel like he's got some movie stuff that's been happening. I feel like maybe it's time to go on to the next thing. I feel like maybe his thing with Kim is becoming like a little bit of a, I don't know. Maybe it's kind of a circus. It's SNL with that. I don't know. I don't know. I don't know if that's part of it, or if it's just also 8 years is a long time to be on SNL. Yeah, it is a lot. On the end. There were three other people that left as well. Kate and Kyle and ate it. Look, this is the thing with SNL. You don't get paid a lot of money. People forget that. You get because you're not in prime time. So that is an issue. And once you start doing projects, it's hard to do those projects in the fall because you have to prepare sketches and things like that. So Pete is at a point where he's a star, he's a name. He's got a bunch of movie projects, and this is just his time. For all of them. The thing is that everybody this weekend was like, oh my God, what's going to happen to SNL? The same thing just say happened when Amy was left. When Tina Fey left, Will Ferrell left. Everybody was like, it's not the baby. Yes, that's the purpose of SNL is to be a stepping stone. Exactly. Let me tell you. Out of all people, Pete Davidson used a hell out of that stuff. He lost it. No, he launched it. He's SpaceX right now. He wants to hell out of that. Yeah. And you're right. It is a launching pad. That's why the show works so well. Is because there's fresh energy coming in. There's new characters. They've had a 159 cast members since 1975. What other show can keep that running, but I do believe and I say this with all due respect, 'cause a lot of people are like, oh my God, he's leaving because of Kim. Hell yeah, he's leaving because of him. If anybody gets this heat behind him, you go and you take off and you read every script that comes to you and you take the best ones that are gonna prepare you and propel you to the next level. This man has gotten to the next level. For sure. And it seems like this was a very amicable breakup between a very supportive breakup between SNL and him, so if worst case scenario, if it doesn't work out, we've seen cast members go back. Exactly. You shouldn't. But we see it happen. Yeah. Yeah. Definitely. I mean, it's going to be a change and it's going to be nice for the fall to see who else block of people, you know, be creative. I'm going to miss Kate McKinnon. Oh, okay. Brilliant. And her goodbye was really heartfelt. She did her last, you know, live from New York is Saturday Night Live. So it's like, this is why we love Saturday Night Live. This is what kind of sucks. Is that Kate McKinnon didn't get the send off that she deserved. Right. Well, she was able she did the co open. She was able to, you know, say goodbye that way. Who didn't get it was Kyle Mooney. Kyle didn't get a good, we don't even know if Kyle was even there. I don't even think I saw him in the sketch. He picked up that check and left. Coming up, our emotional new interview with Mandy Moore as she says, goodbye. To this is us, plus the.
"davidson" Discussed on Bloomberg Radio New York
"SpaceX is celebrating another successful launch of falcon 9 rocket carrying 53 Starlink communication satellites lifted off from cape canaveral early this morning the company says all of the Starlink satellites were deployed into low earth orbit about an hour after launch the satellites help provide broadband Internet to remote areas and to people in Ukraine were normal communications have been disrupted by war Saturday Night Live star Pete Davidson is grounded unable to blast off into space Sara Lee Kessler reports Pete Davidson was booked for a free ride on Blue Origin's next spaceflight march 23rd but when it was pushed off 6 days the SNL star who often plays a doofus named Chad had to pull the plug on being part of the 6 person crew You're gonna be a father Chad No thank you The Staten Island native is filming a movie right now which is kept him away from SNL for three weeks Davidson would have been Blue Origin's third celebrity to rocket into space after Star Trek's William Shatner and Good Morning America's Michael Strahan Sara Lee kesler reporting prince Harry and Meghan Markle are staying with Spotify Michael kessner reports The duke and Duchess of Sussex reportedly thought about moving their podcast because they were concerned about how the streaming platform was handling coronavirus misinformation Spokesperson for their production company said Thursday they're confident about moving forward with their multiyear deal with Spotify They expect to launch Meghan's podcast series this summer I'm Michael kassner The mega millions jackpot is getting bigger lottery officials say nobody picked all 6 numbers in last night's drawing That means Tuesday's jackpot will be worth $39 million Friday's numbers were two 6 25 40 45 and the mega number was 5 The odds of matching all 6 numbers in the multi state lottery game is about one in 303 million A young alligator is back in the wild after crashing a Florida swim team's practice student athletes at montverde academy were about to start swimming laps when they spotted a three foot gator in the pool officers were able to safely catch the gator and release it into a Lake I'm.
"davidson" Discussed on Air Male with Robert Sunday
"Stand up comedy. Wow, man. Vitamins. Go for a walk, dude. You can't be that good in bed, looking all fucking messed up in your face. What are you shooting out dusty cum? Jeez. Where's Pete Davidson? I can't even imagine. What kind of a universe am I living in? We're fucking hot chicks, fucking ugly ass dudes who got a lot of money. Well, I guess we're not 1954 where it was hot cheeks and hot dudes. With money, come on. What are we trying to do in this lexicon and what are we trying to say? I don't get it. Handsome dudes of the world we need to unite. Take our pearly whites to The White House to say it's not right. Ugly dude should not be banging hot chicks in the media. Come on. That ain't right. But you would be interesting if a sex take emerge, you would dissolve you'd need a night vision fucking goggles because that motherfucker would glow in the dark and you know, wow. He Davison sex symbol. King of the Jews. That's who they chose. Jesus Christ, kiss my ass. They say, Pete Davidson. Yo, I'm not anti semi. I'm pro everybody's religion. You know? I heard about that whole golden cathing y'all guys did too one time. So I'm not surprised that Pete Davidson is now the king. So. We still pray for y'all to come back to the covenant. I mean, we're still here waiting. We know you guys are ready. Jesus Christ, we'll save your soul. Even though you try to hang them. I know. Is that too much? Is that too much? I'm just, you know, I'm feeling a historical mood today. You know, and I you could believe whatever you want to believe. I'm going to believe what I believe. And your politics, I don't care, man. Oh, I got more pressing issues. Half the people in my clan going to heaven because COVID or just fucking fucking live in a great lifestyle fucking took them out, man. Oh, you gotta take care of your body. Like a safe people, hey, care your body, go for a walk, get off your ass. I've been lazy past couple of days, man. I didn't go to work. And I almost gave myself an excuse just to sit around and fucking stare outside all day, you know? And that's not fucking. You gotta go. Gotta go for what? Go for swim. You know? Motions lotion. Motion is fucking low. What else can I say, man? What else can I say? You know, I think about somebody who close to me died. She was pretty poignant part of my, you know, she was my aunt, right? And I'll never forget the last time we spoke somebody else in the family was getting married. Sooner than they should, mind you. We were walking away on hallowed ground away from the freshly dug dirt, where my cousin be rested, and I saw my long, absentee ant. I admired some questions. I knew how to barely walk and talk. Hi. How are you doing antoni? She looked at me. My mom signed me. We'll be talking to me. You son of a bitch. I'll never forget her. That was my Antony. She got us both in one fell swoop. One sentence. Holy obliterated my mom and myself. And a bunch of other ghosts in the cemetery side. It was a collective and we didn't even do it. Yeah? Well, well, if you listen closely, I can almost hear the screams in purgatory, trying to get out of there. Oh, you didn't mean to be so mean. It's okay. I'm praying for you to go to heaven. Hey, what you gonna do, man. You leave memories and you just hope that when you leave, everybody you know, hell like Bob Saget, everybody said I love you. Or, you know, it was like, oh, he was a great dude. Now I got this. Tainted rusty scar of a person. And then I love this individual. Don't talk to me, you son of a bitch. I'll never forget it. My mom will never forget it. She didn't even have my back. She fucking just walked away 'cause she knew I had that bitch fucking plucked on my eyebrows out. I ain't talking shit. And yeah, you know? I knew at that point. So if I could take insults like that in a crazy place, like a cemetery, I could do some stand up comedy and try to make a bunch of people who don't want to laugh laugh. What the fuck, why not? I'm Robert Sunday. You have been listening to airmail. I'm your host. It's been great having you with some time in there. Late part of January, it's cold and a lot of places. It's still 80° outside where I live. And I'm broadcasting live inside of a closet for food sound insulation. I really appreciate your listenership. Like, follow subscribe, tell your Friends about the show. Airmail with Robert sundown of air fucking. Spotify. Pandora, you.
"davidson" Discussed on Air Male with Robert Sunday
"Hey, everybody. I'm Robert Sunday and you're.
"davidson" Discussed on TFG Truth
"Telling people that to stay home don't move around. Don't go out, don't congregate with other people. It's completely counterintuitive. Can I ask a question of that to some of these things are like you just said, these are obvious things that most I hate to play this game, but most intelligent people have been saying for 12 to 18 months, right? This is not like groundbreaking CNN posted out to the other day. This could be linked to poor health. Well, no shit. We knew that 18 months ago, right? Absolutely. Absolutely. Do you think it's part of it because there are afraid to hurt people's feelings like fat shame? Is that part of this? I think that's a huge part of it. I feel like again, it's too prong. I think it's the way our medical system is structured is to live your own life, live and let live, and we'll just treat whatever, you know, whatever you end up having will treat it. Which in some sense I can understand, but taken to the extreme, which is what we're dealing with now, I don't think that's actually helping people. We're not healing people. And the other thing is, yes, I think we live in a culture society where we're very hesitant to criticize lifestyle choices. We're very hesitant to engage in any sort of shame. You shouldn't be ashamed for anything. And I think that that's actually not correct. I think shame is a powerful mechanism for, for instance, keeping people honest. You know, you feel ashamed if you're dishonest. You should want people to feel responsible for themselves and to take care of themselves, and I also think, you know, we live kind of, we live in difficult times now, and this is not to get a sappy note, but people we want people to have the will to live and the will to live healthily. And between the rise of video games, the rise of porn being locked in your house, it's not, we're not creating if we want it to fashion a society to make everyone depressed. I couldn't think of a better way to do it than the way we're doing it now. So in some ways, you know, I feel sympathy for people. Because I think that we haven't created society that actually leads to long-term happiness. And when that isn't present, people are less likely to take care of themselves. So I think there's a lot of things going on here. But a tremendous amount of this has to do with what you were pointing out Mike, which is basically our society is afraid to tell people to make better decisions. And Mike real quick and I'll let you finish that. I think we've talked a lot about this too, Ariel of this idea that we have to incentivize society to be better again, right? You have to incentivize the youth, especially college kids, high school kids, throughout 20, 30s to say, I want to be somebody. I want to do something great. I want to be great. And instead we've gone the other way of like just milk the system as much as you can. That's a good way to live, right? That's where we are right now. We have zero incentivization if that's even a word. I might have just made that up there. But for doing better and creating a better life for yourself and your future family, right? That's what we put a premium on suffering. We've said that the way to be good in society, the way to have virtue to suffer is to be virtuous, but not necessarily to suffer to be a victim. To be a victim is to be virtuous. That's the ultimate good in our society right now. And so it's not a surprise to me that people are perfectly fine wallowing in sort of that victimhood. And finding a way to post it on social media. Yes. And then post it all over social media when you're and I think yeah, it's a weird phenomenon. You've probably noticed it, where people post a lot of personal information about their lives and social media. Like you pointed out, I have a Twitter. I'm very careful. My Twitter is my professional political commentary space. I think it's important to keep a real separation or bifurcation between your social media and your private life. And I think increasingly people just collapse that distinction. And I think it's very strange and peculiar. I don't know what to make of that, but maybe you guys have more insight into that. It's attention seeking. Yeah, it's like the shaming part, right? It's all about and I say this all the time and I hate to keep talking over Mike here. But everything's about people's feelings, right? It's all about feeling. I want to show how great I am. I want to do that. I'm the same way Ariel. All my social media is only for this stuff we're doing right now. I don't use it to post a picture of me at the beach or at a bills game or whatever. It's just not what it's there for for me. But I think it's all this to showboat and to just, it's all about everybody's feelings. I want everybody to know how great I'm doing. You said it perfectly earlier. It's all a House of Cards. When you break it down, it's all a House of Cards. I think one of the things that I heard though is we used to we used to really appreciate and I think we had a better appreciation that mental health was really important Ariel. And physical health, of course, matters. But people have forgotten that mental health really, really matters. The depression, the number of suicides, the drug addictions, the alcoholism, the abuses that are going on. I think they're almost like just being kind of forgotten and it's really, really sad. I hope the left has finally decided that COVID is not as serious as it was back in February of 2020 that we've learned from it that people have largely become vaccinated and natural immunity and vaccinations have largely now protected the population and we can move on. But just give you your last thoughts, I guess on that. Well, I would just say that it goes back to what I said earlier about the death of the soul versus the death of the body. You know, we are living Nietzsche's last man. There is such an emphasis on physical security and seating control to the state in order to preserve it. And at the risk of letting our souls die. And that's never a good thing. So I think the work you guys are doing is very important in amplifying the conversations that don't get to be had that often. So I commend you both for the work you're doing, but it's important to say these things because you're not allowed to question the pieties of the regime. And one of the pieties is that we are better off sitting in our homes not speaking to each other, not doing anything. And I just think that's rapidly incorrect. Yeah. No doubt. That's going to be a rap folks. Thanks again, Ariel Davidson, new associate director at George Mason university center for the middle Easter and international out. That's a handful of mouthful to say, but congratulations on your new position. Good luck on the bar exam. Thank you. And we wish you luck on that. And hopefully if you need Mike and ice help on that last time. Yeah, you guys are you guys are our legal scholars from what I can tell and so I definitely feel comfortable sending my legal questions to you guys. For your coffee for your coffee breaks maybe. I can join you for some coffee. You don't from a distance, but all right, thanks. Thanks again Ariel. For Mike's brows, I'm like, hey, like, folks would be back again next week on TFD truth. Thanks for joining us. Thanks guys..
"davidson" Discussed on TFG Truth
"Not so much a surprise? I'm not surprised at all, but I couldn't agree more in her in terms of having a more targeted approach. So I'll just put my own COVID vaccine opinions on the table. I am vaccinated. I am boosted. I am pro vaccine. I am not pro mandate. I think at the end of the day, it's an individual decision that you need to make. And if you believe in the faith of the facts, if you believe that the vaccines work, then you should be concerned about yourself being vaccinated because in essence you should be protected. So forcing others around you to get vaccinated when you're vaccinated seems a little strange and peculiar to me. The other thing I will say is that they over promised on what the vaccine could do. I a 100% believe that the vaccine does make if you do get COVID, it does make your case of COVID less severe. It doesn't mean that you're not going to get it. But again, we were told you're not gonna get COVID, you get vaccinated, you're free to go. Well, we're learning that that's not the case. And I'm understanding of the fact that more information comes out and we adjust our what we can expect. But it's the lack of reflection in the lack of the ability to make a culpa. The lack of the ability to say, you know, we made a mistake we were wrong about what the vaccine was capable of doing. The fact that there's no self analysis taking place, that to me is what's incredibly frustrating and actually reduces faith that faith in the government that they know what they're doing. The other thing I'll say too is we're not like you said we're not taking a targeted approach. We're treating everyone as if they have the same risk when it comes to COVID, which if you look at the numbers. So my home state of Massachusetts, the average age of death or serious COVID, I believe is around 80 years old. But so that doesn't explain to me why we're shutting down schools that have 6 and 7 year olds. When it's been shown that kids have little to no risk of getting serious COVID. Actually, even initially, they weren't even at risk for really getting COVID. Do you guys remember how rare it was when kids were to get COVID? I mean, it was super rare and yet we just shut down the schools in many states wholesale. And I think what it's showing is that we're kind of living Nietzsche's last man if you know what I mean by that. It's the sense of we're so obsessed with physical security that we're allowing we're so worried about dying physically that we're allowing the death of the soul to happen. You know, so we've decided that it's okay that we don't see people. Just keep isolating. Keep social distancing. Don't go to church. Don't go to synagogue. Don't go to school. Don't go to the movies. Don't go to a show. Don't travel with your family. Just keep doing that indefinitely. And you're going to be alive. Well, is that living? Because I don't think that that's not a form of living. And any time you're in a society, every person has to take a risk assessment. I'm going to give you this example, for instance, I think tens of thousands of teenagers die every year between ages 16 and 17 from driving. But we've decided we want 16 year olds to drive. We want them to be able to be economic participants. We made that tradeoff. We said, you know what? We want people to be able to have the freedom to move around and be mobile. And you know what? It is dangerous for 16 and 17 year olds to drive. And maybe we do need to think about raising the driving age. But as a society, we understand that there's going to be risks inherent to anything we do. And we seems to have lost total perspective on what it means to we believe that risk free life exists. It doesn't. It doesn't exist. No doubt. So I think a couple of things and Mike and I have just it's almost exhausting that we still talk about this because we've had this conversation 55 times the last 55 podcasts. We've done COVID's come up at least once. But I think what's frustrating is everybody went along in the beginning, right? Even us who were against this whole thing from the very beginning went along with it. We had some of our staff work from home. We didn't have clients coming in. We were very careful, right? Because that's the right thing to do. But it's been this consistent lie and then another lie. Now, again, as COVID real, of course it is. Are people dying from it? Of course they are. Should certain subsets of the population, the elderly or others with comorbidities or immunocompromised folks, should they be vaccinated or maybe stay home from work and their work remotely? Of course they should. But we have to stop looking at everybody like you said as one group. It's not. And I'll say, for you and I, the death rate is like .0 something percent. Right. From the virus. It's a very, very, very low chance of someone our age dying from this virus. To make it that people like us can't go to restaurants now you have to be vaccinated. We know that doesn't work, and they continue to just double down, double down, double down. New York State's the best example of this, we're still doubling down on you have to be vaccinated for everything. I can't go to a bills game anymore. I had season tickets for the bills. After week one, they said you have to be vaccinated to go to the game. I gave up my seats. We know now that that means nothing in terms of the spread of COVID, yet they continue to double down on it. Yes. And that's where it's starting to get and I agree with what you said. If you want to get vaccinated, that's a person's right. They absolutely have that right. And I'm not against it. I am pro vaccine too. In your best interest, get it. If you want to get the flu shot every year, get it. But this idea that we just keep jamming it down people's throats with no end in sight because they are still putting out this data as Mike said about in New York State 43% of people in the hospital are with COVID, not of COVID. And we're still shoving more mandates on everybody's throat. Yeah. When does it act? I don't have an answer when it ends, but what I think has been most illuminating is that we know, for instance, that obesity is a huge, huge factor when it comes to serious COVID. Because I asked the doctor, I said, why, why is it that, you know, because people always say, oh, if you, you know, if you're overweight, you've got a bigger risk of X, Y, and Z but why is it specifically with COVID that's such a problem? And what it is essentially is if you're obese, your lungs are not overweight necessarily actually very much overweight. Your lungs are already inflamed. And so when you get a respiratory virus that inflammation is already there and it's in a prolonged whatever illness you may suffer. And so the fact that we shut down gyms, which is a main mechanism for combating obesity, the fact that we have a medical system that treats the illness as opposed to prevents the illness. And this is that's what I think this virus has exposed as well is that we don't, when we put someone on cholesterol medication, we're not saying, you know, maybe you should change your diet. We're just saying, keep eating the way you're eating and taking this lipitor every day. We're not actually no, but we're not, we don't have a system, unfortunately. We just treat the patient. We don't actually prevent the patient from becoming ill. And I'm not saying that that's necessarily the responsibility of doctors. That's, again, personal decisions, but we should be encouraging people back when the Spanish flu was around. The actual directives from the government were keep exercising and stay healthy. And that was in the 1900s. And what we're dealing with now is a virus that I have to say it targets the overweight and the obese. It actually goes after fat tissue according to The New York Times. And what are we doing? We're not encouraging people to eat healthier. We're giving out free donuts at Krispy Kreme. We're giving out free hamburgers if you're vaccinated. We're.
"davidson" Discussed on TFG Truth
"In cultural exchanges with Israelis. This was and again, it was so many people read the tea leaves so incorrectly and yet they're still holding positions at DoD in the State Department. So this just goes to show you that, yes, there are foreign policy advisers surrounding within the administrative state and surrounding the president and vice president. But are they actually skilled at what they're doing? Not necessarily, because again, in D.C., you can get promoted for being wrong about pretty much everything. The who you know thing, yeah, this reminds me that what is it that Peter principal, you rise to your level of incompetence, right? Eventually, you're running an organization and you weren't, you weren't really good at the customer service level. You weren't really good in the sales level. You weren't really good at the management level, but they make you manager. So now what, you're out of the way, but you're actually the one creating policies and you're incapable of doing it. You know, the other thing that we talk about my real quick, we always talk about this simple versus complex, right? I thought that was just what you said earlier about lacking a level of sophistication of getting out of Afghanistan in a proper way. It was just simple, right? It was so simple just to pick the time, get them all out and then whatever carnage is left oh well, our political leaders, it seems, for sure, on the left, I mean, Trump embraced complexity. He embraced the idea of letting experts figure out the best way to do things, and he let them do that. Our leaders now, they just, they embrace simple. They embrace everyone wear a mask. They embrace everyone get vaccinated, and I have a mom and assisted living. I think those people that take care of my mother should be in hazmat suits. I mean, they should be because if my mother gets reinfected again or any of her friends in the assisted living center get, in fact, they could die. But they don't take a level of complexity in their solutions. They think simple is good, simple, simple, simple. Everyone do the same thing. Just like you did anybody's feeling. Yeah, you don't hurt anybody's feelings. You tweeted Ariel about everything is racist now, right? If you don't agree with me, well, you're racist. You said, if you don't want your kids in school, you're a racist. If you want your grocery shelves full, while you're a racist. That's what they do, because it's so simple. It is. It's also a way to demonize the other side to shut down the other side. It's a form of tar and feathering. It actually goes back to sort of biblical notions about staying in purity, right? So if you can imagine yourself as the pure one and then show that they're staying upon others, then use boosted yourself within a steam you're going to go into heaven. It's a very, it's almost all of the trappings. Again, all the trappings of a religion without God. And so this is kind of the fealty component that exists is that people feel really committed to these ideas. You asked earlier, do people really believe this stuff? I think a large portion of the left believes what they espouse. And you know, I don't know if we had talked about this before we started recording or not. But I think in some ways, even within the dating scene, people now can't date other people who have different political opinions. And it used to be that religion was the big divider. And now it's politics. And I think in a weird way, it's because politics has risen to fill the gap of people who are becoming increasingly air religious or atheistic or agnostic. And so it's troubling and it shows as well that people the level of commitment people have to politics in such a way that it's become, again, like a religion, it's extremely troubling because you can't challenge it. You're not allowed to challenge any portion of it. That's how they get away with it. I'll say I'll say this though. What's so maddening about that? And you're absolutely a 100% right on that. I just don't know why people care so much. That's what makes our country the greatest country in the world. Have your own opinion. You can do that. I don't agree with everybody's COVID opinion, but that doesn't mean I'm just not going to talk to him ever again, right? I can have an opinion on whatever, critical race theory. The Trump administration, the Biden administration, that's okay. We can have conversations and then walk away and say, great. All right, we're not on the same page. We disagree wholeheartedly, but at the end of the day, I still like you, you like me, great talk. We'll talk next time. We hang out over a beer or whatever, right? I don't know why and I might be generalizing here, but why people on the left just can't do that. I'm on the right. I don't have a hey fuck, we've talked to people that don't agree with us. We actually interviewed a liberal politician in Buffalo and had like a little table wide debate. That was okay. I'm not angry about it. You have a conversation. You're friendly, and it's great. They can't do that. They just really can't. Because your worldview can sustain criticism. Naos goes back to what I was saying is that if you don't believe your idea is consistent criticism, if allowing your ideas into the marketplace, is going to make them abandon their own because that ultimately at the end of the day is what they fear. They fear their narrative is so fragile. It's like a House of Cards. And it's so easy to pull holes in it, that they have to make sure that those who disagree with it remain silent in order to preserve it, because it needs to be protected at all costs, because these really are pieties. These aren't actual truths. Their pieties in the sense that these are things that are unable to be questioned. And they need to be upheld by routinely and continuing continually lying to yourself. And that gets to be a very arduous task if you have people around you saying things like, well, wait, wait a minute, that's not right. It becomes really a lot harder when there's descent. And so it's interesting. When I see all the rise of you guys have probably been aware of these sub stacks that are coming up, right? You're seeing kind of these center left writers say, you know what? I've had enough of the media. They've gone way too far left. I'm starting my own sub stack. I think that's phenomenal. Self publishing. I think it's great. I love to see that. And it reminds me so much of the phenomenon of Sami thought, and the Soviet Union when you had there were increasingly instances in which authors in order to get sides growth the censorship of the civil union had to self publish and then smuggle their literature into the west. We're seeing kind of a similar proliferation of self publishers. You know, there are new avenues being created. Why is Joe Rogan capturing such a much larger audience than CNN? That is really encouraging. So there are trends. People are hungry for the truth. And there are people on the left. I think very heroically saying I've had enough and I want to be able to start saying truthful things. I don't want to start just spitting out pieties. I want to actually say critical insightful things. So I do see glimmers of hope. I just think that the actual base, I mean, it like I said, it just requires so much lying. Yeah, it really does. Just to wrap up here, we'd love to get your thoughts on COVID and it seems like how Biden and Harris have just completely completely made a massive the idea of testing and really I think again taking more complex approach to who needs to be vaccinated. They just can not, they can not let go that everyone should be vaccinated. But then they change the fully vaccinated definition. And then now they're saying, well, you know what, let's be realistic here. Not everybody's in hospitals because of COVID. They just happen to have COVID and they came in with a broken arm or heart disease or whatever. They're completely changing this narrative, but is this a surprise to you.
"davidson" Discussed on TFG Truth
"Luther King day speaker was Angela Davis. Okay? Very few people had anything to say about that. And she was the, you know, she was an activist in the U.S. Communist Party. Also an anti semite, in my opinion. And very few people said anything about that, except for my thesis adviser, a wonderful man. But yeah, very few very little pushback against that. So it just shows you kind of the double standard that takes place on college campuses. This was 5 years ago. Actually, almost 6 years ago now. So this shows you that it's a tremendous problem on college campuses and it's fostered by the professors. Yeah, it floors me that here I am in Jupiter, Florida in our office down here. Mike, you're up in williamsville New York in our flagship office. You're in Bethesda. You're talking about Stanford. And just think of the ways we can all communicate now. The fact that the facts and evidence of things happening get so convoluted and like you said some of the millennial I wouldn't put you and Mike in this category. But some of the millennials will just take whatever they have at their fingertips and take that as the truth and just run with it. Like it's just amazing to me like with the technology we have today, you think it'd be so much easier to report all the facts and the people see the choices and create their own opinion. But how does that not happen? I think to be honest with you though, what drives me more nuts than anything and like we've talked about a million times. But if you don't like something, then just don't go to it. If somebody's coming to speak that you don't like, if joy Reid came to our office tomorrow and said, I'm going to hold a seminar in the middle. I may go just to watch her because it'd be a good thing for me comically. But CNN, I don't watch CNN. I just don't have the interest in it. I don't really want to hear the crap, but I just turn it off. That's okay. There's no rule out there that says, because somebody's coming to your college campus or because there's a speaker somewhere or something on TV, you have to watch it. That's what's so unbelievable. Well, remember David bellavia, Michael, we had David belleville on. He's a Medal of Honor winner, are just a great great man. And he has a novel radio show here in western York, but he had said, I watch all those newscasts because I want to try to figure out, how could they possibly think the way they do? And I am a bit fascinated by it. Like, how can things that we used to think were just sort of very, I don't know, standard you know, we were talking about what most people strive to be and morality and everything. And it used to be very standard, you know? I don't know. Yeah. I think there's a fear on the left increasingly, the more they silence you, the more they're afraid that their ideas can't compete with yours. You know, they need to silence you because if people start to listen to the other side, they may start to question the pieties of the left and there are pieties. There are certain things you're just not supposed to question. You're not allowed to, you're not allowed to wonder about the veracity of certain facts. I use a quotation marks that are espoused by the left. There are just certain questions not allowed to ask. And when people are asking them, it creates fear. Why do you think they want to shut down Joe Rogan? Why do you think that they're so anxious and nervous about Fox News? Why do you think sub stack terrifies them? Yeah. Let me ask a question too before we get into some stuff on the Middle East because I always ask this question to guess that when this conversation goes this way, do you think they actually believe a lot of the crap that they spew? I get in this debate a lot because some people are like, yeah, they absolutely do and a lot of people are like, they just can't. I mean, especially we'll talk COVID later. Yeah. You can't anymore believe the stuff that they came out and said and are still saying. If you're vaccinated, you're fine. You're not. It's proven. It's not a question anymore, right? And I think that's what's so insane. I think some of these people like AOC actually believes her idea of America is the best way and it's gonna work. I really believe that. I think it's I think it's mixed. I think some do, I think the real foot soldiers like AOC really do believe it and then I think there are individuals who see what's happening and are in positions of power or have advanced professionally in their careers and don't want to lose any social capital by pointing out the lies. And so they're kind of in an uncomfortable position where they're choosing between their professional the professional prestige they enjoy and are they willing to sacrifice that to say something. And I think a large portion of people just want to pay their mortgage, they want to raise their kids. They don't necessarily want to be thrown into the political fray. And frankly, I can't I can't blame a lot of people for feeling that way. But I do think there's a high level of dishonesty taking place. IE people are willing to put up a BLM sign in their front yard or hang the pride flag in places, even if they're not necessarily connected to either of those movements, but I kind of compare it to garlic in the sense you know when you know the old wives tale that you wear garlic to ward off the vampires. You know, they put they put out these innocent signaling mechanisms to show that they're innocent, to show that they're not, you know, they're the good guys that please don't come, you know, burn down my store. Please don't break the glass. The glass front of my store. You know, this is the type of behaviors that people engaged in now. And I think it's somewhat of a survival mechanism unfortunately because the left has become so rabid in their behaviors that in some ways I can't blame certain people to be Frank because you do it as a sacrifice to come forward and to say, wait a minute, this isn't right. And honestly, some people are confident some people lack confidence. Some people are ignorant, some people are very highly intelligent. And I think when they have, when they have that doubt, then they just decide, well, who do I want to identify with? I'll just identify with all those people who say the masks are good. I'll just wear the masks. I don't really necessarily believe the science behind it, but I'm going to do that because it literally is that herd mentality. It's so easy to just go along to get along and I think people are doing less and less of that though Ariel, they're doing far less of the go along to get along. Even the left now, just let's talk a little bit about Afghanistan. As Mike said, we're not Middle East experts. I mean, we see it on the news just like everyone else. Why does that matter? Why should what happened in Afghanistan matter? I mean, clearly it was American citizens and those that supported American citizens being left stranded there. But once this episode had happened, why should we care what goes on over in the Middle East? Why should the United States citizens think that it's still really important to kind of firm up relationships there.
"davidson" Discussed on TFG Truth
"Pulled her hair back. Presumably a protester. We don't know if it was a middlebury student, or if it was an outside agitator, but that type of environment was only made possible because of this strange kind of collaboration between the students and the professors and increasingly you're seeing so much of this attitude of silencing speakers on college campuses, which sounds like such a hackneyed term at this point because we're so used to it now. But I got to tell you when I was in middlebury, the 2014 Martin Luther King day speaker was Angela Davis. Okay? Very few people had anything to say about that. And she was the, you know, she was an activist in the U.S. Communist Party. Also an anti semite, in my opinion. And very few people said anything about that, except for my thesis adviser, a wonderful man. But yeah, very few very little pushback against that. So it just shows you kind of the double standard that takes place on college campuses. This was 5 years ago. Actually, almost 6 years ago now. So this shows you that it's a tremendous problem on college campuses and it's fostered by the professors. Yeah, it floors me that here I am in Jupiter, Florida in our office down here. Mike, you're up in williamsville New York in our flagship office. You're in Bethesda. You're talking about Stanford. And just think of the ways we can all communicate now. The fact that the facts and evidence of things happening get so convoluted and like you said some of the millennial I wouldn't put you and Mike in this category. But some of the millennials will just take whatever they have at their fingertips and take that as the truth and just run with it. Like it's just amazing to me like with the technology we have today, you think it'd be so much easier to report all the facts and the people see the choices and create their own opinion. But how does that not happen? I think to be honest with you though, what drives me more nuts than anything and like we've talked about a million times. But if you don't like something, then just don't go to it. If somebody's coming to speak that you don't like, if joy Reid came to our office tomorrow and said, I'm going to hold a seminar in the middle. I may go just to watch her because it'd be a good thing for me comically. But CNN, I don't watch CNN. I just don't have the interest in it. I don't really want to hear the crap, but I just turn it off. That's okay. There's no rule out there that says, because somebody's coming to your college campus or because there's a speaker somewhere or something on TV, you have to watch it. That's what's so unbelievable. Well, remember David bellavia, Michael, we had David belleville on. He's a Medal of Honor winner, are just a great great man. And he has a novel radio show here in western York, but he had said, I watch all those newscasts because I want to try to figure out, how could they possibly think the way they do? And I am a bit fascinated by it. Like, how can things that we used to think were just sort of very, I don't know, standard you know, we were talking about what most people strive to be and morality and everything. And it used to be very standard, you know? I don't know. Yeah. I think there's a fear on the left increasingly, the more they silence you, the more they're afraid that their ideas can't compete with yours. You know, they need to silence you because if people start to listen to the other side, they may start to question the pieties of the left and there are pieties. There are certain things you're just not supposed to question. You're not allowed to, you're not allowed to wonder about the veracity of certain facts. I use a quotation marks that are espoused by the left. There are just certain questions not allowed to ask. And when people are asking them, it creates fear. Why do you think they want to shut down Joe Rogan? Why do you think that they're so anxious and nervous about Fox News? Why do you think sub stack terrifies them? Yeah. Let me ask a question too before we get into some stuff on the Middle East because I always ask this question to guess that when this conversation goes this way, do you think they actually believe a lot of the crap that they spew? I get in this debate a lot because some people are like, yeah, they absolutely do and a lot of people are like, they just can't. I mean, especially we'll talk COVID later. Yeah. You can't anymore believe the stuff that they came out and said and are still saying. If you're vaccinated, you're fine. You're not. It's proven. It's not a question anymore, right? And I think that's what's so insane. I think some of these people like AOC actually believes her idea of America is the best way and it's gonna work. I really believe that. I think it's I think it's mixed. I think some do, I think the real foot soldiers like AOC really do believe it and then I think there are individuals who see what's happening and are in positions of power or have advanced professionally in their careers and don't want to lose any social capital by pointing out the lies. And so they're kind of in an uncomfortable position where they're choosing between their professional the professional prestige they enjoy and are they willing to sacrifice that to say something. And I think a large portion of people just want to pay their mortgage, they want to raise their kids. They don't necessarily want to be thrown into the political fray. And frankly, I can't I can't blame a lot of people for feeling that way. But I do think there's a high level of dishonesty taking place. IE people are willing to put up a BLM sign in their front yard or hang the pride flag in places, even if they're not necessarily connected to either of those movements, but I kind of compare it to garlic in the sense you know when you know the old wives tale that you wear garlic to ward off the vampires. You know, they put they put out these innocent signaling mechanisms to show that they're innocent, to show that they're not, you know, they're the good guys that please don't come, you know, burn down my store. Please don't break the glass. The glass front of my store. You know, this is the type of behaviors that people engaged in now. And I think it's somewhat of a survival mechanism unfortunately because the left has become so rabid in their behaviors that in some ways I can't blame certain people to be Frank because you do it as a sacrifice to come forward and to say, wait a minute, this isn't right. And honestly, some people are confident some people lack confidence. Some people are ignorant, some people are very highly intelligent. And I think when they have, when they have that doubt, then they just decide, well, who do I want to identify with? I'll just identify with all those people who say the masks are good. I'll just wear the masks. I don't really necessarily believe the science behind it, but I'm going to do that because it literally is that herd mentality. It's so easy to just go along to get along and I think people are doing less and less of that though Ariel, they're doing far less of the go along to get along. Even the left now, just let's talk a little bit about Afghanistan. As Mike said, we're not Middle East experts. I mean, we see it on the news just like everyone else. Why does that matter? Why should what happened in Afghanistan matter? I mean, clearly it was American citizens and those that supported American citizens being left stranded there. But once this episode had happened, why should we care what goes on over in the Middle East? Why should the United States citizens think that it's still really important to kind of firm up relationships there.
"davidson" Discussed on TFG Truth
"Welcome to TFD truth where each and every week we report facts, expose hypocrisy in espouse common sense, I'm Mike hayflick along with my partner remote this week, Mike spera. And this week we're happy to be joined by Arielle Davidson and on Twitter at political L all right, and that's going to be POL IT. I see AL political ELE. Nearly a 150,000 followers, Ariel is a writer, a researcher. And now I think this is a bit of breaking news Ariel. I'm associate director at George Mason university center for the Middle East and international law. Another little bit of breaking news is that congratulations to Joe Biden and we now have 7% inflation. So those numbers keep going up. The highest inflation rate in 40 or so really cool to announce your new position. But also to pair it up with Joe Biden and Kamala hitting 7% inflation. So this is really cool. This is great. Area, welcome to TFT truth. Thank you so much for having me. I'm super pumped to be here. Yeah, we're so happy you decided to join with us and hopefully this isn't the first time because it just seems like facts being misreported and all sorts of hypocrisy and all sorts of crazy, far, far less than common sense, a seemingly happening every day, every minute. So we feel like we could do this podcast Mike eternally, right? Yeah, I mean, we never have a lack of crap to talk about. Let's put it that way. There's so much. Right now, any portion of the government is just a content factory. So we don't have a tough time finding things to talk about. Yeah, Ariel, we usually will say, who's the best content factory maker, Nancy Pelosi? Is it joy Reid? Is it AOC? AOC I mean, they're all competing to get their material, I guess on a podcast like ours. So we're happy that they do that for us. So before we get to some things that are kind of on the world stage, including in the U.S., just tell us a little bit about yourself. Tell us for our sake, but also for our listeners sake. Absolutely. So I was a writer at the federalist for a good amount of time and before that I worked at the Hoover institution, I was doing economic research there. As well as a TA at Stanford business school. And I actually just recently finished my law degree at Georgetown, so I will be getting my degree in about a month. Thank you. I am incredibly relieved. And as you mentioned, I now am the associate director of the center for Middle East and international law at George Mason university's law school. It's been a long road, but I'm very excited to be here. And I think one of my so I do comment on the Middle East, international law, but as you mentioned, I comment a lot in domestic politics. And, you know, what I've noticed and what I think is really important is that there be kind of younger millennials like myself I'm under 30 who speak about these issues and kind of normalize positions that are sort of considered forbidden within either academia or amongst my age group more generally. And you kind of, when I say the things I say, I give, I hope, at least. I give people the permission to say the things they want to say. I can't tell you how many young college students have messaged me. You know, I'm 29 full disclosure, but I can't tell you how many young college students are straight out of college, have messaged me and said, hey, you know, this is something that I've talked about with my friends, but I've never been able to say openly. And you know, I'm not the arbiter of what's permitted and what's not permitted, but I'm happy to kind of break through the brush and clear a pathway so that people can say things that I think need to be said because increasingly, as you both pointed out, I can Ryan. This is something that Mike and Mike Mike and Mike and I saw an episode myself when I saw this. No problem. Because you guys, as you guys both mentioned, you know, the regime sustains itself by churning out lies. And the most important thing that you might and might can both do is to continue to challenge those lies, continue to give people the permission to say the things that normally the regime tells them they're not allowed to say. And Ariel, if I can pick up on that, so I'm also 29 and a millennial myself. And I'm interested. I'm going off the cuff here. I didn't even think they asked us until right now when you said how heavily involved, you have been in with education. You know, there's a couple things, right? I think kids go to college, they listen to everything they're told. They don't think outside the box because it's kind of like I just got to go get a degree. I got to get there. And then they come out of college, saying everything that was repeated by a college professor without any thought or any, I guess, looking things up on their own, just taking the initiative to do that. Do you see that in your experience education that it truly is a lot of just bad information out there? Or is it only certain professors? Is it certain colleges? I mean, I don't know because I only went to one college and it was a local New York college. So that's why for me, you've been at a lot of major colleges across the country. I have not. Right. You know, it's tough to say, when I was at Stanford, I had the privilege of working with some phenomenal economists. And so I was very spoiled. I can't comment necessarily on the academy of I've experienced because I've had very positive experiences. But what I will say is this is that I've noticed that the movement against CRT and elementary schools and in high schools, it's not super comforting to me in the sense that, okay, great. You don't want your kids indoctrinated at age 6 and 7 or at age 14, 15, but you're not really worried about what's happening in higher Ed. And to me, that's a much bigger issue. Because I think that, yes, it's great to take a stand with elementary school, middle school high school. But what about once they get to college? The indoctrination is going to take place there anyway. And I actually think what I've noticed personally is that the students are much more activist driven than the professors are, which I think is pretty alarming. And I'm going to try to keep this brief, but I'll tell the story to kind of illustrate the connection between students and professors when it comes to activism on college campuses. So after I left middlebury college, the year after I graduated, one of the groups I helped to start over there invited Charles Murray to campus to speak. He's the author of the bell curve, which was controversial when it came out in the 90s and then he also wrote a book and I think in 2011, 2012 called coming apart. And it was an attempt to explain the political divides in our country at the time. And when he came to campus, right before he came to campus, the outrage that faculty members had towards some faculty members was unbelievable. And what they actually did is they organized protests of students. And they set up three different locations across middle grade campus to kind of rile up the students. And then when Charles Murray came, there were also some outside agitators that came as well. And one professor who was supposed to interview him was actually assaulted, and she suffered.
"davidson" Discussed on Pop Culture Junkie
"York's <Speech_Music_Female> <Laughter> <Speech_Female> <SpeakerChange> <Speech_Male> <Silence> <Speech_Music_Male> <Advertisement> <Speech_Music_Female> <Laughter> isn't he from sad <Laughter> <Speech_Female> <SpeakerChange> <Speech_Female> <Speech_Female> God i was in <Speech_Female> l. a. This weekend and <Speech_Female> i was with my two friends <Speech_Female> and <Speech_Female> we were walking starbucks <Speech_Female> and we just got on the <Speech_Female> topic. Because i saw <Speech_Female> someone who looked like mg <Speech_Female> k. k. <Speech_Female> k. whereas meghann <Speech_Female> <Speech_Female> topic <Speech_Female> and i was <Speech_Female> like <Speech_Female> you know what i <Speech_Female> bet. You've chris <Speech_Female> plans <Speech_Female> literally every relationship <Speech_Female> that they're in <Speech_Female> because <Speech_Female> they will date someone <Speech_Female> it'll become <Speech_Female> super <Speech_Female> irrelevant and <Speech_Female> then all of a sudden <Speech_Female> two weeks later. They're dating <Speech_Female> some random person <Speech_Female> he would never <Speech_Female> ever expect <Speech_Female> them to date so <Speech_Female> they can be in the headlines <Speech_Female> and get their stories across <Speech_Female> because obviously <Speech_Female> yes. I do love <Speech_Female> the credentials but please <Speech_Female> like what is your <Speech_Female> talent. Why are you <Speech_Female> can. <Speech_Female> We know why you're famous <Speech_Female> but we won't get into <Speech_Female> that bill <Speech_Female> like seriously. I'm <Speech_Female> just like this. Is <Speech_Female> chris <Speech_Female> knows what she's doing <Speech_Female> <Speech_Female> very well understood <Speech_Female> the assign. <Speech_Female> Yes so <Speech_Female> okay. Davidson <Speech_Female> has been with arianna <Speech_Female> guerande. Obviously <Speech_Female> was <Speech_Female> kate <SpeakerChange> beckon <Speech_Female> sale for like right. <Speech_Female> Yeah that <Speech_Female> was. That was <Speech_Music_Female> crazy crazy. <Speech_Female> All of them <Speech_Female> are <Speech_Female> grenade. I was like okay. <Speech_Female> She was with mac miller. <Speech_Female> I can kind <Speech_Female> of see that <SpeakerChange> right. <Speech_Female> Kate <Speech_Female> beckett sale. I was like <Speech_Female> oh way <Speech_Female> she is <Speech_Male> like hot and <Speech_Male> normal and what <Speech_Male> is happening. <Speech_Female> And he <Speech_Female> was rumored to be linked <Speech_Female> to kaley cocoa for <Speech_Female> like a minute <Speech_Female> just because they made <SpeakerChange> that movie <Speech_Female> together <Speech_Female> but i saw <Speech_Female> the article today. <Speech_Female> Said <Speech_Female> they're just friends. <Speech_Female> But kim is <Speech_Female> quoted as saying <Speech_Female> that she finds him intriguing <Speech_Female> and <Speech_Female> she is interested <Speech_Female> in him. And there's quite <Speech_Female> an age gap. I think <Speech_Female> between <Speech_Female> kim's like forty <Speech_Female> something i wanna say. <Speech_Female> He must be in his <Speech_Female> late. Twenty s <Speech_Female> because he's younger than <Speech_Female> cheeky. I mean that's <Speech_Female> the age gap with him and cape <Speech_Female> beck and sale to. I <Speech_Female> think she might <SpeakerChange> even be older than <Speech_Male> kim. <Speech_Male> I'm looking forward to <Speech_Male> this being on. Snl <Speech_Male> if it hasn't already <Speech_Male> <Speech_Male> <SpeakerChange> pokes <Speech_Male> his own self. <Speech_Female> mike. <Speech_Female> I <Silence> completely agree when he <Speech_Female> like goes <Speech_Female> as himself <Speech_Female> unlike. He made <Speech_Female> fun of his relationship. <Speech_Female> With arianna. I <Speech_Female> could totally see him doing <Speech_Female> that. Because kim hosted <Speech_Female> l a couple of weeks <Speech_Female> ago apparently <Speech_Female> that's how they <Speech_Female> met or <Speech_Female> maybe they didn't not how they <Speech_Female> met but it kind of rekindled <Speech_Female> this free <Speech_Female> or whatever <Speech_Female> but i also read <Speech_Female> a quote that said that he <Speech_Female> uses snl <Speech_Female> as his <SpeakerChange> quote personal <Speech_Female> dating service. <Speech_Female> Well so <Speech_Female> yes oh. Kim kardashian <Speech_Female> hosted snl <Speech_Female> just a few weeks <Speech_Female> ago and in a skit. <Speech_Female> She <Speech_Female> played jasmine and <Speech_Female> he was aladdin. And they kiss <Speech_Female> in the skit <Speech_Female> and so that <Speech_Female> has only like fueled <Speech_Female> some of the rumors. <Speech_Female> But i'm just <Speech_Female> fascinated. Because like <Speech_Female> i think <Speech_Female> pete davidson funny. <Speech_Female> He's self deprecating. <Speech_Female> I've <Speech_Female> heard some of his <Speech_Female> stuff where he talks about <Speech_Female> his depression. Anxiety <Speech_Female> and start. He'd be like <Speech_Female> really insightful. <Speech_Female> But there is <Speech_Female> no part of <Speech_Female> me that is attracted <Speech_Female> to p <Speech_Female> daily <Speech_Female> none at all okay <Speech_Female> disclaimer. <Speech_Female> I love my husband. I <Speech_Female> would let <SpeakerChange> pete davidson <Speech_Music_Female> destroyed. <Speech_Music_Female> <Speech_Female> I will be <Speech_Music_Female> that next person on <Speech_Female> that list. I <Speech_Female> <SpeakerChange> get it. <Speech_Female> i don't get <Speech_Female> it. Like he <Speech_Female> i just. <Speech_Female> I can't run my head around <Speech_Female> like he's lost <Speech_Female> a lot of blood nine <Speech_Music_Male> here
"davidson" Discussed on Pop Culture Junkie
"And i was the first thing i ever saw him and i was like. What's the hype about this kid. Wow actually every. I really really liked him. So i went into this movie like okay. Why everybody's screaming about this guy. I'm like okay. I get it now. The other thing that i watched this week was a. Cbs show called ghosts. So i saw this show out. Because i am a huge fan of rose mcivor. She is the main character of the show will her and her husband dr but she played the main character on one of my other favorite. Tv shows is zombie. She always seems to be drawn to these spooky things she was an is avi now. She's in ghosts. But the show is remake of a bbc show and it is about a couple who inherits this house that turns out to be haunted in. This isn't really a spoiler because it happens within literally the first episode of the show. She falls down the stairs. Bumps her head wakes up and she is able to see all of the ghosts center out. Her husband cannot. There's like a fifteen freaking ghosts in this house and they all have very distinct hilarious personalities and shenanigans ensue. I know you watched it to haley. What did you think of goes. Yeah i like to i. I only watched the first three episodes. I feel like it has a lot of potential. I really like a brandon. Scott jones who was on the good place. He plays this like. Oh yeah ghost that has a feud with alexander hamilton. Which is pretty hilarious. He's very closet and he's super pissed. That hamilton has become famous. And no i like it. I like the the back stories. I think it has potential. I won't necessarily it quite yet. I would like hot potato it. I think i gotta give it a few more episodes. But i think the cast is is good. It's got a good premise. So this is the premier that like of the us version. Yes i think. I've seen the the bbc version call. I'm going to have to check that out sometime. pretty good. yeah. I think there's been like maybe five episodes. I watched the first four. I really liked it. I'm not sure if. I really liked it because i just love rose macgyver. So much and i'm just like clouded in my judgment. I am curious to see how they can continue it. It's i'm pretty sure. Every ghost is going to have an episode where it kinda tells their background but at that point. I'm like what's going to happen. How far can we keep this going. Okay she can see ghosts and then what like what's going to. What's the plot of this show. I like this. I want to give it a try. Because the bbc version i think part of the reason was that i didn't connect to the ghost but like now that there's ghost that i'm familiar with alexander hamilton. Maybe i can have some connection to it. I mean other. Bbc shows like shameless and the office. Those are pretty. Yeah shows like ghost. They're all super funny. There's like tech bro from like the eighties. And he doesn't have any pants on but we don't know why yet..
"davidson" Discussed on Helping B2B High Ticket Service Providers Grow - One Lesson at a Time
"What would be that one lesson? The one lesson. Oh, my goodness. I mean, I've seen so many bad things, but I guess the run lesson is to keep it simple. So use the kiss principle to keep it simple, stupid. That often. And you're right there because when I see populated slides , as you said, ten bullet points plus three images. It's like, where should I look now? Where should I start from? That's exactly right. And then people are too busy looking at the slide. And they're not listening to you. Or you are reading from, you know, you know, and so it's distracting to the audience. And I quickly lose patients with you in either they walk out, or they start playing with their phones or they thinking about what they're going to go get to for dinner or whatever. They're not paying attention. I really want to share is just keep it simple. Don't over complicate what you do. It's distracting. It's boring and, you know, there's nothing worse than sitting through a presentation that is death by PowerPoint. Yeah, and now with the online presentation, I can just open a new top Facebook and continue scrolling while you're actually trying to give your best presentation. That's correct. Yes. And I don't certainly don't want that when I'm giving my presentations. I don't want people to be distracted. So I try to make my slides nice looking and aesthetically pleasing as possible, but not too busy so that they having to rig the whole slide and definitely not listen to what I'm saying. Yeah, nice. You're spot on there. And I was curious. I mean, for PowerPoint, you have Microsoft PowerPoint. Are there any tools that are similar to that or better? Yeah, Apple key notes is very similar to PowerPoint. You can actually download Microsoft PowerPoint to keynote and so if someone sends you a Microsoft PowerPoint presentation, you can actually turn that into a keynote. For the other way around, you can still do that, but you need to have keynote downloaded on your PC. And it doesn't, they don't talk to each other very well. I did a very nice slide presentation and for somebody recently and I didn't realize that she was a macusa and so when she opened up the slide to push they went lined up anything like them, and I was trying to disappoint it because I've spent like two days on these slides. And yeah, it was a long time. And so she started not to use them. And I was so disappointed because she's not a tech savvy person. So even though I sent her instructions, you know, really clear instructions on how to convert the slides from PowerPoint to keynote, he couldn't work it out. And she got frustrated and she just gave up. And she wouldn't even let me share screens with her to walk us through the process that's how frustrated she was. And to me, it was really disappointing because, you know, she played me money to make up these slides and then she's not going to use them. And I think that's just a waste of both of our time. But, you know, what do you do? Mindful of that, if you're using a Mac, which has K note and your VA or whoever you're getting to do your slides with is a Microsoft user, you need to remember that you need to tell each other what programs you're using so that they can make allowances. It's really, really important. Well, that is an important lesson on the side record to beware in which platform or you're dizzy using. But you mentioned something I wanted to test. What is a normal time to create a good PowerPoint presentation? I mean, I don't know even how to benchmark is it average, how much usually do you take to create the PowerPoint presentation in time? It depends on if I have to start from scratch. It probably took me a little bit longer than normal. It takes me a little bit longer time to make them if I have to start from scratch. If I have I've already got a presentation to work on. Partying it up doesn't take me as long because I've just really need to just either change the images or make them look a bit more pretty by putting bevels around them, or do whatever and just line up the text. So, you know, a 68 squaw and it took me two days, but that wasn't working constantly on the mother because you know, you can't just sit there and just do a PowerPoint so bad because it's crazy brain. Yeah, it's exhausting. The creative part of the brain. Yeah. There have coffee breaks. Yeah. Well, no, that's why I was curious because people when they say PowerPoint in someone's head, it's like ad that's like 5 minutes to just put detection that's it for someone is like a week. And I just wanted to get the idea. So it's like a few days ago. I too fussy to spend something on a slide and say that that's pretty no, sorry. Exactly. Well, what are the plans for you in the future? I mean, I'm curious to see where your business is headed or what do you want to drive it in the future? I would like to drive it to be the person that people come to to get their PowerPoint slides made or the online events organized. I want to be on a team working for me. At my moment, I'm just doing it by myself, but two or three years down the track I'd like to working for me . Nice, nice. Very good whole team. And be the go to guy. You need a PowerPoint. I do. Yeah. Nice, nice. Well, if anybody is interested, actually, to give them your presentation for you to review or if they need to help for a complete building of a PowerPoint, or even if they need help with the online event, where can people find Euros? Well, I have websites that rose Davidson dot com or they can email me at hello at rose Davidson dot com or you can find me on Facebook at rice Davidson. And yeah, that's about our LinkedIn rice Davidson. Yeah, I was actually communicating with you on LinkedIn. At least I knew that we can find the on LinkedIn as well. Yeah, so yeah, website Facebook PowerPoint will email. It's probably the easiest way to find me. Yeah. Yeah, exactly. I found this very insightful. I mean, as I was taking notes now, I'm looking like, okay, one thing that I really realized that I should be careful is that look at the present view put the notes in the bottom not inside the flight. So it won't be boring. That's really useful. They keep it simple, the key model, it really needs to have a presentation that is a building rather than put everything like ten, 20 bullet points and stuff. Well, the audience is your primary target. You don't make your slide presentation to play you. Yeah. But entertain them audience. You better make your audience happy. And plays them. And the third thing that I wrote here is beware between PowerPoint and Apple keynotes. They don't always integrate a smooth as you're hoping to. And yeah, there's no way me as a normal guy would know these things. And actually, that's why I wanted this kind of interview because as we are learning new stuff, I'm like, um, I never actually thought because I'm a I'm a Microsoft guy, my whole life. And I was never even considered that, yeah, well, if I send someone a PowerPoint and they are in the Apple ecosystem, they might have problems and conversions and stuff, which I don't know. I never had that kind of thoughts because I'm a Microsoft my whole life. Yeah, me too. Yeah. And I knew came out existed, but I.
"davidson" Discussed on AusPod Syndicate
"A check russa and production dipped important to know who you're tag macanese. You just need to know that Like united the back behind. You gotta be really confident that unite here your your audio client. Is they passionate about what you do. If you're not passionate about it doesn't give you a reason to get out of bed in the morning. Then you're obviously not in the Wrought tim business electron pilot forward to others. It's very important that temp that tidily on its fakest because there are other people that you could be offering your advice or you'll say it's his to that eevinai pie it forward to you own Powerful somebody else. The takes one person to to start an ebola atlanta fam- of care. I guess As i said. I'm i'm a i love tying it forward to the business sinus quite often i and nothing Because you know. They're a challenge financially. Or i can say could do a bit of a hanged apple or whatever. Michael loves money out of business because that reason taste soft i think maybe they the account be tidally financially. Fakest it's it's Unless you too hot nice and that's what you're in business but if you're in business just to make money than not in the right spice down. What for somebody else You've got to be kind to become self. you gotta be con- to others. The past show is a production of kangaroo media lab which is all about supporting you. Just start at build a thriving business tribe podcast on those pods syndicates. Tarring more than thirty five years in high level. I missed a rose. In a corporate world pro started her business as dos biz in two thousand fifteen promoting adminstrative service that she could provide female enterpreneurs however did not like her up in two twenty twenty rows pivoted her business. I served passionate. Timely lies being viswanath creative. She now offer services that fulfill this passion to speakers thought leaders in influenced by creating a powerpoint presentation and promotion of video. Pros is published co author and. She is magic always in the butkus. Kosovo's on talking with the expert. Welcome to this week's episode. We really appreciate you joining us. This podcast and really shows us how we can all learn. Live and thrive off of each other by sharing knowledge through our conversations. We will impart some knowledge. Whoops learning ourselves out of progress even further. Here is your host david. Welcome to the try. Podcast under spots syndicate. How are you today. i'm very well. Thank you for asking me to cameron. Thank you so much for your time as will rosano. It's been busy nowadays. Even it's pandemic. do we have a lot of. Were reading through your getting busy because of the pandemic because everyone is doing really twelve van. Doing from homes have been been busy because of that and we never expected it to be like that to our odor and to our listeners. Well can you tell us about yourself. I'm i guess. A mature aged entrepreneur. I started my business license. I as you into in try. I have worked in the corporate failed. As in the name in edmund rouse for more than thirty five years and but honestly i got really tired of working for somebody else and so i've got all this crowd skills. I've always right knowledge and I'd been in contact with some same. Oh you know business owners in what you tight show skills to is At bay that is starting up. So that's what i decided to however In twenty twenty just people. The painting did they make he's decided i was going to feed my business Because doing edmund work. It just wasn't fun anymore. Saudi saw that start doing powerpoint presentations and and making Muscial videos small business scientists and speakers and just as them i was getting into that then. The pandemic heated match last year so it was an opportune time to actually work with speakers and consultants and coaches. Because a lot of them couldn't do impersonations any longer. Sorry i'm i could help them get their events online they're Online said that spent quite an interesting journey and Yeah a lot of them. Were afraid at the beginning because you know they were not very savvy and they You know didn't have that. Got speaking to camera because my swim hadn't done it before and think Speaking to cameras different than speaking to tyson person face to face. But it isn't really. It's pretty much the sign spy that some time on your new business started in the am doing very well and then in july i started talking with the experts because i could say a lot of business signed with not doing so. Well i guess. The united china the business around so i thought well not get some global business latest to get out and discuss shame wise. They could help small business since. That's happened and i've just recorded my hundred and fiftieth episode since july last year. So i'm pretty pretty happy with that and that that's my up tonight pretty much. So how important. This podcast is brought by osbat syndicate powered by kangaroo fern. Media can grew is his trolleys independent video and podcast management agency with a mission to help individuals in intrepid yours to start their own podcast and harness the power off podcasting book now via www dot.
"davidson" Discussed on WMAL 630AM
"And yet John Davidson today, Black lives matter is an organization is nominated for a Nobel Peace prize when they were Part and parcel to some of the deadliest and most destructive riots we've seen in this country in generations, and the entire media is on board with black lives matter. In fact, this spring and summer when we were having unprecedented once in a generation riots and looting cities, entire city blocks being burnt down. Dozens of people killed The media started running pieces about like, Oh, do we really want to use the word looting? Do we really want to use the word riding A P came out with something cautioning use of the word riot. So when it's on their side, the left is very concerned about the language that we're using. But when the target is people on the right, well, we're going to use the most extreme, hyperbolic, hysterical. Unmoored from reality language we can think of, and so it only goes one way. It only goes one way and that's what we need. We need to call it out and we and we need to put a stop to it. Amen and keep calling it outside because it's never gonna go away. And yes, the only time they use the word riot over the summer was in quoting Martin Luther King out of context, saying that the riot is the voice of the unheard. Um but and of course that is then used to justify any violence. You could use that to justify the violence of January 6 that The problem here. Exactly Exactly. And part of the problem is that some people on the right a small section of radicalized people on the right have decided to do just that day after months and months of writing and looting, they said. Well, hey, let's go to the capital and right for our cause. That's right now that that's right, That's right. We're gonna leave it there. John Davidson. Let's Let's Don't be a stranger. Let's have you back, please on a regular basis, because I really do appreciate your writing. Thank you said Love to come back. Thanks. Thanks for having 4 47. Let's get straight to Ed Rodriguez and the Hindi carpet cleaning products. Something's going on and Frederick clear. He looks like it might be a crash or a very slow moving vehicle going up Gambles.