31 Burst results for "Stuart Little"
The Financial Guys
A highlight from Republican Debates, Election Predictions, and Media Criticism
"At some point we have to take the economy seriously. We can't just keep printing money and sending it overseas. Welcome to another Financial Guys podcast. I'm Mike Hayflick along with my partner, Mike Speraza. We are always excited to be here, Mike. Um, we are here after the second Bill's win. Yeah. Yeah. We will, we'll keep it at that. Every time we talk very little, things go well. So let's, let's keep it at a win and big game Sunday. Miami. What should be right. A massively popular game. I mean, when they put up 70 against Denver and we, we basically, did we shut out the three points? Three, three. Okay. We held, held Washington, the Washington commanders to only three. That should be a really, really dynamite game. So. Had to change their name due to political correctness. I know, I know. And we had some conversation about that. The people I was watching the game with were reflecting on, I guess the good old days when the, the nicknames of teams just didn't seem to matter as much, but it matters now. Now they want to take down statues. You're an Iroquois guy. They're taking that name away. The chiefs because apparently saying chiefs is very, uh, politically incorrect. I mean, a leader. You can't be called the leaders anymore. Maybe it'll be the Iroquois comrades because everyone's got to just hold hands and sing Kumbaya. Yeah. And, and you know, nobody gets a gender anymore. Nobody can dominate one or the other. Even if it's a sport, there really might not even ever be winners or losers. They might not even keep score anymore in sports. Like it's just going to be for the experience of it trophy for the trophy for the trophy. Line them all up. They're all going to look exactly the same. There'll be gender neutral trophies. When will we have a they, them team name? Like the, the Washington they, thems, like when, when, I mean, I know that sounds outrageous, but that's where we're headed. Yeah, it's true. It's going to be comrades. Friends. Yeah. The friends, the Iroquois friends, the Iroquois comrades. It literally is heading that way though. Something where you go, what is, what is this sport? Like we don't even know based on the name, what the sport is. We don't even, yeah. You won't know. Like usually you could derive some more information from things like that. Oh, no, no, not anymore. No, you're going to have to dig real deep. You're going to have to show up at these events and, uh, you know, maybe wear a nice hoodie and a pair of shorts at the events. Yeah, I agree with you. And, uh, you know, maybe right after you went through the Senate chambers to vote on something, you can head and do a game with your hoodie and shorts on. Anyway, the next one, the last thing I'll say is the next one will be the Patriots. They'll be getting their name taken because that represents Donald Trump and his movement. We got to take away the name Patriot, right? That'll be the next one. There you go. You know, I just, I can't with these people anymore. It's really getting to be absurd. Yep. Totally. So, uh, Mike, let's start with this one. A second Republican debate coming this Wednesday night, September 27th, and Dana Perino, who I've always enjoyed listening to. Um, she will be joining Stuart Varney and Ilia Calderon at the Ronald Reagan library. presidential Suitable place. I love it. Yeah. And, uh, I, we were just chatting a bit before the podcast, so let's just line this up. All right. I don't know the order, but we're going to have Pence, Christie, DeSantis, Rama, Swami, uh, Doug Burgum made it Dougie Dougie. Um, who is that? Who else? I'm I've got five Nikki Haley. Thank you. And then, uh, there should be one more. Um, I did pens from, let's write this down. One more time for everybody. Pence, Rama, Swami, right? DeSantis. How do I not remember? Tim Scott, Tim Scott. Thank you. So, so seven this time, um, not Asa Hutchinson, I think you said he, he didn't make it. Didn't qualify. So, um, of course the big elephant in the room is that Donald Trump again will not be there. Just tell me your thoughts, I guess, on this next upcoming debate. Are we going to hear anything different? Is there any going to be anything that really makes people go, Whoa, this guy's really racing to the front or female. Um, if it's Nikki Haley, anyone going to race to the front after this one? I really, I mean, I think we're kind of wasting our time here and I'm not saying it as a, as a Trump voter. I'm just saying it realistically. Right. I mean, at this point, the lead is 40 to 50 points. Nobody makes up that ground than a debate, right? Like Nikki Haley had a great debate last time. She's still polling single digits. Right. I don't agree with Nikki Haley stance on a lot of things, but she, she fared well in that debate and she really didn't grow or fall behind anymore. Right. So I think that's the tough part. When we look at these debates, the Donald Trump in the 2015, 2016 campaign years, that is your like unicorn, right? Where, where you just go up there and go bananas. And then you end up, you know, taking over the field. The difference was there was no Donald Trump in that election, right? Like you had a Jeb Bush, but he wasn't the guaranteed slam dunk candidate right now. You have Donald Trump, Mike, and he is the guaranteed slammed on Canada. The only one that we thought maybe had a chance was Ron DeSantis and he has crumbled mightily, whether you like him or hate him. It's just the facts. He's, he's in trouble. Right. I mean, so what, what are we accomplishing with these debates other than kind of a, I guess I'll say wasting our time. Yeah. And I, I just, I just think it's worth breaking this down a little bit. Like what is it that people like you and I think that these others are just inferior to a guy like a Donald Trump? Like, and I'll tell you my opinion first. Mine is I just don't think they'll win. And I just feel like more and more people need to, you got to vote and expect that the conservative Republican candidate in this case wins. And I don't think any of these other people could, could actually win. I don't think they have enough, you know, experience. They don't have the fortitude that a Donald Trump has. Well, I think that that to me is, is there's two reasons why I'm voting for Donald Trump, right? Number one was I thought he had a very good four year term other than the COVID 19 issue. And I, I'm telling you right now, I say this to people all the time. If it was Ron DeSantis, if it was Donald Trump, if it was Hillary Clinton, that, that, that whole debacle was, was a disaster and there was no way you were going to look good in that debacle. I'm just telling you. Yeah. Number one, but that was a Trump fault that I have. And if I ever talked to him, I would tell him that that I do not agree with what he did with COVID. It's easy for me to say that now, but, but at the end of the day, he had a great four year term other than that, in my personal opinion. Number two is every time they've tried to knock him down at the knees, Mike, that has made me want him back more, right? The, the every time they indict him, I want him back more, right? Every time they try and silence him with gag orders, I want him back more. This is how I think a lot of conservatives are feeling. And at this point, it's kind of like, okay, is Rhonda, here's what my other point, I don't mean to keep going on, but at the end of the day is whether it's Ron, DeSantis, Vivek Ramaswamy, or Donald Trump, I'm going to use those three for a second. They will be treated the exact same way by the media, by the Democrat party. It doesn't matter who that candidate is. It doesn't matter. Right. People always say like, Oh, but, but Trump's hated. If DeSantis is a candidate, he's already taken crap from the leftist media, right? Like if he's the candidate, he's going to, it's going to be open up another can of worms. I don't think it matters. The reason why we got to go with Donald Trump is he's been there. He's been able to handle it. We know that whether you like him or not, he's handled the media and he's handled the Democrats well. And we need that experience. This is the election of our lifetime. And I will say that now, this is the election of our lifetime. We need to win. Dana Perino says, I believe the economy will feature prominently because we know that that is the biggest concern and preoccupation that is worrying Americans. And she says in many ways, in my opinion, the economy is the thread that runs through all of these other possible topics. For example, if you're concerned about crime, one of the issues is what kind of resources do you have and are you willing to use in order to help deal with that? I think she's spot on. I think when it comes to the economy, the economy sort of is the fuel and whether you then have a notion to, you know, actually shut down the border, improve childcare, improve education, then the, the economy obviously is the main thread that actually everything else seems to branch off of. If you have a lot of people working, for instance, you're going to have a thriving economy because supply and demand is going to balance out. You're going to have lots of products and services to offer and a lot of people can afford these things. Right. So, uh, I, I agree with her. Plus it is Fox business that's hosting the event. So might lean a little bit more toward economics. Yeah, I think it should. I agree with you. I mean, at some point we have to take the economy seriously. We can't just keep printing money and sending it overseas at some point, you know, and I say, I've said this to you, Mike before, going to get groceries now at times, like they ring all the stuff up and I'm like, Holy crap. I bought, I have a cat. I bought five cans of cat food. They're, they're the size of like a lacrosse ball, not even. And it's like $5 for five cans. I'm like this, this thing costs more than my kids at this point. This cat's going to be very thin. It's going to be out of crash diet. I mean, but seriously, how do people, Mike, that don't make money? And I say this in a sad way, like how do people that don't make money survive? Even going, you go to a local fast food restaurant for two people. My wife and I it's 30 bucks. I'm like, what the hell happened out here? I told that is what's going on. And that's scary. Yeah. When they have to make those kinds of hard choices. Right. Uh, all right. So, uh, let's move on. So speaking of Trump, we're talking about these other seven candidates that will be there Wednesday, this Wednesday night, nine to 11 PM in the second Republican debate, Donald Trump will not be there, but this came out like in a Washington post poll. Trump is now up 10%, uh, over a potential run against Biden, 10 % double digit. Now if you just pin Trump against Biden again, first your thoughts, and then we'll go a little deeper into this. Well, I'm not surprised. Um, I think, I think Americans are getting sick and tired of it. I think Americans are worried about our futures. I think the migrant crisis is hurting the Democrat party because you have liberal places like New York city that are waking up saying, Oh my God, we can't do this anymore. And there's like 10 ,000 migrants in New York city, not 10 million. Right. So like, like it's starting to click, I think with certain people, number one, number two, Mike, I think it's hard to hide Joe Biden's cognitive decline, right? The left can say whatever they want in the media. You just can't, when you fall over on things, when you do talk like that, I mean, they, it's a problem. It's a real problem and it's visible. Um, do I trust these polls? Yes and no. I think, if I think America is as smart as I think they would, the polls should be probably higher, like 30 % lead for Trump. Um, but I think the numbers that keep growing in Trump's favor, the margin of error is not that big, right? Michael, like you look at the Republican primary polls, the margin of error is not 40%, right? He's up 40%. So even if they're off by 20%, he's still up 20%. The same thing's starting to happen in these head to head polls with Biden. It started, you know, Trump down, then it was Trump even, then it was Trump three, five, now it's 10. I mean, that's a lot. Yeah. And so I want to read a little bit here. So the post ABC poll shows Biden trailing Trump by 10 percentage points at this early stage in the election cycle. This is, by the way, the Washington Post little write -up, uh, after the poll was done. Um, so this is, this is actually humorous. Although the sizable margin of Trump's lead in this survey is significantly at odds with other public polls that show the general election contest to virtual dead heat, the difference between this poll and others as well as the unusual makeup of Trump's and Biden's coalitions in the survey. So Mike, the more words, the muddier this all gets, right? It sounds like excuses coming up, right? It sounds like Kamala Harris. It really is. It's like, yeah, total word salad. Um, I just said suggested is probably an outlier, right? So, so this, this I thought was interesting. Um, Byron Byron York of the Washington examiner said the post dumped on headline news in quotes from its own poll. So basically they do a poll. They say that their poll is likely an outlier and, and he, he goes on to then say Washington Post sub heads suggests its own poll may be an outlier. That may be true, but they put no such disclaimer in headline three years ago when they published a poll of Wisconsin, right before election day in 2020, showing Biden up 17 points on Trump, 10 points more than the average of other polls at the time. That was real clear politics, president Tom Bevin. So, so funny to me, so interesting, right? Even when they try to do something where they want to take part in the polling process and inform all of us as Americans, Ooh, that's not really where we wanted to see that. That's likely an outlier folks. Yeah. Oh, Donald Trump's winning. Shit. That doesn't count. Okay. What are we going to do? Next one. Okay. These were registered voters. What are we going to do? This is 10 points. Holy shit. What are we going to say? Let's just say it's an outlier. Oh damn. That was a fake poll. Oh, those stupid polls. Yeah. I mean, and it might, I'll say this before we get onto another topic on what's, what's, you're starting to see it all come together. It's like, it's like when they see, you know, hurricanes forming in the ocean, right? We're starting to see it now. The polls are shifting to Trump. Now we have Hillary Clinton coming out saying things like, Oh yeah, who's to say Putin won't medal in the election in 2024 again, right? You have others saying like, Ooh, we got to get Trump off the ballot or people saying, let's indict Trump again for this or that let's put gag orders on him. It's all coming together. Now the new thing too, Mike is, Hmm, let's indict the Bidens and let's see if we can get, we can get a Joe Biden off the ticket. We've used him, we've abused him. Now we're getting them out of here. It's all, it's that wave in the ocean. It's that hurricane forming in the ocean. That's what's happening. And I believe that because why, why would Hillary Clinton come out and say, if you're so confident right in the 2024 election, if you're so confident and Trump's an idiot, he's never going to make it again and get rid of them. Why are you now saying, Hmm, maybe Putin will medal in the elections again. Why would you say that? Right. Right. And by the way, this is the same guy that's richer than ever because his country has been able to sell oil at a high rate since Biden's been in office. This is the same country that has had its way with the Ukraine walking in there and taking over land since Biden's been in there. Why would, why would Putin medal in the election to get in and probably in his mind, the nut job of Donald Trump back in office, it may drop a nuke on him. Why would he want Trump back in office? Ask yourself that question. Don't have to, if you have any sense at all, then you don't even have to ask that. Um, so anyway, let's see what the next number of polls start to reveal. Let's see if, let's see if polls stop coming out, Mike, right? Because once you have one that's got Trump winning by double digit, maybe they just start to say, polls are stupid. Polls are for racists. You're homophobic. If you read polls, I mean, we'll see. Or they come out with some poll from the middle of nowhere. That's like Biden up 35 points on Donald Trump. Right, right. This was from registered voters in the white house. Yes. We interviewed seven people and it was six to one, six to one. And the other one we fired, we don't even know who that was. Yeah. So, so let's go to this now. Every once in a while, Mike, I have to do this CNN, right? I go to the cnn .com site. I just got to see what they're finding note newsworthy, noteworthy, whatever you want to say. And honestly, and I've often reported this, I'm often in disbelief at what they aren't reporting. In this example though, I was like, Oh, a few stories down. Here's a story, Mike, why more women are choosing not to have kids. So right away I'm thinking, Oh my gosh, these are the most unlikable people, the most anti traditional family structure people ever. They probably don't want to have a relationship at all. They don't want to ever have true, you know, intimacy with anybody cause they just can't do it. They're just nasty. They're mostly on, you know, just awful. These lots, so many of these people. So I go on to read a little bit of this and you know, this is, this is someone named Diana Volek who, who never, who was never someone who dreamed of becoming a mother, right? And these are just some of the reasons given. They don't want the responsibility of being a parent. They fear a lack of support. They like their life as it is. They're still judged for being child free. So so even when they don't choose to have children, right? So I'm like looking at this and then suddenly I go, wait a second. This was published at midnight, uh, basically Sunday or Monday, you know, September 25th. That's that's now as we record editor's note, this story was originally published in August, 2021. Some details such as the ages of those interviewed remain the same as they were when the story first published. So you're telling me right away, I thought, is the Hollywood writers strike? Is it bleeding into CNN now? Cause there aren't enough stories. There aren't enough people to write like modern stories. There's not enough news. They had to pull a story from two years ago to talk about why many women are deciding not to have kids. Like how pathetic is that? How pathetic. This new trend too, of like, it's cool to just say, screw it. I don't want to have a family is the weirdest thing ever. And then we wonder why these people are miserable, right? I mean, again, is parenting easy? I'm a new parent. Mike, you know that you, you parented two girls for, you know, they're what? 25, 22, right? So you've had, you've had 25 years of parenting experience. I've had, you know, almost a year. It's the most enjoyable thing ever. Right? I mean you're finally, it's good not to be selfish. It's good to take care of somebody else and love somebody else. Right. And I'm not saying you don't love your spouse, but your spouse is an adult relationship. You have to have a relationship with a baby, which turns into a toddler, which turns into an adolescent, a young adult like that. There's nothing more special than that. You should want that. Instead it's like, Oh, kids are stupid. I'm going to be so rich. Really weigh me down. Yeah, yeah, sure. Okay. They're going to weigh me down. I want my independence. I don't want to be responsible to another human being. I've got myself to worry about and treat and, and you know, I don't know, a door like I get like, that's fine. I want to see the next story though be why many women are deciding that having a child is rewarding. It can become a very loving, you know, yes, you have to be responsible. Like it just was so gross to me like that. And two years ago, this isn't even news. This is like, Oh my gosh, we got to fill these headlines. What do we get out? Pull that one again. We don't like kids. We don't want anyone, you know, raising children, my God for, you know, I'll say this though, Mike and all seriousness too. Like, yes. Is, is it fun being a college degenerate and booze and all the time and having a blast? Sure it is. We all did it right. I mean, yes, of course it's a fun thing. Is it fun to not care if you can go to bed at 2am or 5am or 5pm? Sure. That's great. But at some point you have to mature as an adult, take your job seriously, take your family seriously and care about things like I always say this, Mike, and this is something I've brought up a million times. Think about being, you know, if you want it, like if you didn't want to have kids, I'm not saying people that can't have kids cause I feel for them. But if you, if you didn't want children, cause you didn't want the responsibility, what do you do in your sixties and seventies with no family? Like that breaks my heart, honestly. Right? Like I, what my relationship with my parents, my wife's with her parents, like it's, it's fun, right? It's, you're a family. You get to do things together and you get to enjoy each other. Who doesn't want that? I just don't get it. Well, there's a lot of people in Washington that actually have spouses and children and grandchildren. And clearly there is not a lot of love and support going on between all of them. Because some of these people, I mean, we know who we're talking about, the Mitch McConnell's, the Joe Biden's, they would not be in front of microphones if people actually cared about them. They would not let those loved ones go through what they go through on a daily basis, unless they have no connection, no personal connection at all. Um, all right. AOC. She's almost the last story of our day, but there's one more after this. So we got a bonus. We do a bonus story here, breaking news. So AOC wins the hypocrisy award mic for this, uh, at least this week, maybe the year on this one decade, this is hilarious. And, um, I'll just set this up for a second. So here she was on CBS's face the nation. And, um, she was discussing president Biden's plan to visit the Michigan auto workers on Tuesday. So host of CBS's face, the nation, Margaret Brennan points out a couple of interesting facts about AOC and her selection of vehicles. So let's go ahead and play that. Yup.
Thinking Crypto News & Interviews
A highlight from ANTI BITCOIN BOB MENENDEZ CHARGED! SEC GARY GENSLER DOESN'T LIKE THE LAW (CRYPTO NEWS)
"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 very interesting news, which I'm sure many of you may have heard in the mainstream media, and that is Senator Bob Menendez has been charged with bribery and a whole bunch of other crimes. And you may say, well, Tony, why are you talking about this? Right. Well, folks, Senator Bob Menendez, who is a Democrat, he introduced a bill back in 2022, which would help to stop Bitcoin adoption in El Salvador. And he was citing that the adoption would open the door for money laundering and corruption. Wow. Talk about hypocrisy, folks, right? This guy all along for a very long time, his track record, he's been accused of doing a lot of shady stuff and now he's being charged here. The folks at Bitcoin Archive said the senator who said Bitcoin can open the doors of corruption in El Salvador was just indicted for corruption by federal prosecutors who seized one hundred thousand dollars in gold bars and four hundred and eighty thousand dollars in hidden cash from his home. So politicians those who are often very loud and screaming against crypto are the ones who have a lot to lose and a lot to hide, who are probably doing shady stuff. For example, Elizabeth Warren, Brad Sherman, Gary Gensler, right? I'm sure they've got some really nasty stuff in their closet. And some folks have shown that Elizabeth Warren has a net worth of seventy three million dollars. And of course, her salary is just like two hundred and eighty thousand a year. That's a great amount of wealth she's accumulated from just a senator's salary, right, folks? But we know the game, right? This is why we got to keep fighting and we got to expose these corrupt bureaucrats and politicians like Elizabeth Warren and Brad Sherman. We know they are puppets on the string doing a lot of the bidding of the tradfi incumbents and people who would love to kill crypto and not just even kill crypto, but just stop or kill the startups and allow their banking buddies and Wall Street buddies to come in and take over. So I'm glad these folks are getting exposed. And President Nayib Bukele, who, of course, he's the president of El Salvador, he tweeted about this news. He said, this is the guy that called for an investigation against us. He ended up being charged, period. So I'm glad he's doing a victory lap there. Now we got some interesting news about a library in the SEC. So we had reported just about a week and a half ago or two weeks ago that library was going to file an appeal. And this is based on the Ripple lawsuit outcome. Right. It makes sense. We have new case law with XRP, so it makes sense for them to appeal. And the First Circuit Court of Appeals in Boston has directed library to file its brief by November 1st, 2023. Now of course, this is no guarantee they're going to win. But the point is, we want to put the pressure on the SEC and Gary Gensler. We want to expose them for their lies, hypocrisy and much more. So I'm glad library is doing this. Attorney Jeremy Hogan highlighted a video here with Gary Gensler being interviewed. And it just shows his hypocrisy that he doesn't care about the law. He just cares about his own power and his next job. And it's no wonder Judge Sarah Netburn said the SEC has no faithful allegiance to the law. So he says the crypto space is full of hucksters and noncompliance. Well, the reporter asked them, would anything a court says change your mind? Great question. Gensler said, well, no, not really. And of course, he looked very shaky. He's losing confidence. And Attorney Jeremy Hogan said, you can't make this stuff up. So clearly, this man has no respect for the law. He's just making things up as he goes. It's about his show, his power, his ego. And we can't have that, folks. This guy's supported by our tax dollar. He should be kicked to the streets. And I'm telling you, I hope that Coinbase mops the floor with his buffoon and the SEC so that he has so much pressure on him. He's forced to resign. I'm hoping that happens. Now, Stuart Aldarati highlighted that same video. And here's what he had to say. What's most concerning to me and should be to you in the full video clip, this is the shocking admission of an unelected bureaucrat that he won't respect the decisions of the courts. So I'm thankful for the judicial branch and the balances we have in the government that a corrupt scumbag regulator like Gary Gensler, as much as he can go around saying all kinds of nonsense and nasty stuff, he has to respect the courts in a sense of what they put out there. Right. The SEC has to abide by that. Now, he may not personally agree, and he can, you know, like in this interview, say, oh, no, I don't agree with anything. But at the end of the day, if he takes a loss, he takes a loss. Right. So we got to keep fighting. I'm hoping the industry keeps fighting back as well. Now, quick word from our sponsor, and that is Uphold, which is a great crypto exchange that I've been using since twenty eighteen. I've interviewed their CEO and many representatives so I can vouch for this platform. 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 thirty seven fiat currencies so you can switch between these different currencies and crypto and precious metals at a click of a button. So it's a unique platform and they've been around for a long time. Once again, I can vouch for this platform. So if you'd like to learn more, please visit the link in the description. All right. Let's move ahead. Caitlin Long was at Mainnet and she was tweeting out some of the statements coming out of Mainnet. I was at Mainnet yesterday and I met her. I tweeted out a photo of us together. I was supposed to go on Wednesday as well, but I wasn't feeling too hot. So stayed home that day. But, you know, there was a lot of folks there. And Brian Armstrong, CEO, was there. He said the Biden administration has been terrible for crypto. Well, that's to say the least, right? That's an understatement. They've been horrendous, in my opinion. Caitlin also highlighted that 61 percent of pro -crypto voters actually this is she's highlighting what Chris Lee Hain had to say, that 61 percent of pro -crypto voters in 2020 voted for Biden. Democrats are at risk of losing them in 2024 due to anti -crypto policy. Absolutely right. And these Democrats are shooting themselves in the foot. Patrick Hanson of Circle highlighted the following, that the euro stablecoin, obviously Circle issues USDC, but they also have the euro stablecoin and it's now EURC instead of EUROC. So just an update there. So the euro coin is now EURC. So just heads up on that, folks. And I want to highlight something I tweeted out today, and I think it's important. And, you know, all emotions aside, all feelings aside, I was highlighting that I'm very bullish on Ethereum for the 2024 -2025 bull market. Now this is, once again, all emotions and feelings about Bill Hinman and Joe Lubin aside, I still want those guys to be held accountable. But as for the token and the code, it's getting adoption. And I highlight that PayPal is building their stablecoin in Ethereum, right, PYUSD, Citibank's token is built on Ethereum. JP Morgan is working on a deposit token, which is built on Onyx, which is a permissioned version of the Ethereum blockchain. Coinbase is obviously launching base, which is their layer two for Ethereum, or they have launched it, I should say. And there's a rise in institutional ETH staking. So I'm very bullish on ETH and this type of news, these facts now, not my feelings, not my opinions, but these facts of adoption from very big companies and brands has me very bullish on Ethereum. I obviously hold ETH in my portfolio. I stake it and I continue to buy the dip, not financial advice. You should do your own research. And obviously I'm not just bullish on ETH alone, but just there's been a lot of adoption. And I want to highlight that because it's about facts, not feelings now. And I'm bullish on Bitcoin, XRP, Chainlink and many other tokens. Let's talk about Core Scientific, which is a Bitcoin mining company. So Core Scientific sealed $77 million Bitmain deal for 27 ,000 Bitcoin mining rigs. The deal was first finalized in August with Anchorage as another party agreeing to an equity stake in the bankrupt crypto miner. So one of the key things is that BlackRock also gave them a bit of money. Guys, this was back in 2022. So it's kind of like to the Victor goes to spoils where Bitmain was in trouble and then a whole bunch of folks started coming in to grab up as much as they can. So the deal between the two mining companies will see Bitmain supply 27 ,000 Bitcoin mining rigs for $23 million in cash, along with $53 .9 million worth of common stock of the bankrupt firm. Apart from the mining hardware purchase deal, Bitmain and Core Scientific have signed a new hosting agreement to assist Bitmain's mining operations. The deal was finalized in August when a court filing highlighted Bitmain's plan to sell mining hardware in exchange for cash and equity. As part of Core Scientific's restructuring plan, apart from Bitmain, the restructuring plan also included Anchorage. And you guys may have seen my interview recently with the president of Anchorage and the co -founder of Anchorage, Diego Monica. If you haven't seen that, be sure to check it out. It says here, restructuring plan also included Anchorage, BlockFi and mass mutual asset finance. Apart from Anchorage, all other three firms chose a mix of cash and equity options to settle their claims. The expansion investment plan by Bitmain will come into force by the fourth quarter of 2023, pending approval from a judge. Once approved, the hardware will potentially add 4 .1 exahashes to Core Scientific's hash rate. The two crypto mining companies all have also agreed to work together to upgrade Bitmain's last generation miners hosted at Core Scientific's data centers to further increase the firm's productivity. So, folks, Core Scientific, I will be potentially interviewing the new CEO and I'll let you guys know when that's coming up. But I want to definitely get into the details here and what BlackRock is doing with them in addition to Bitmain. So I'll definitely be asking those questions once I get the interview locked in. But, you know, a lot of companies are preparing for the Bitcoin mining next year. And many of you may have seen my interview uploaded earlier today with Fred Thiel, who's the CEO of Marathon Digital Holdings, and Marathon is working with a sovereign wealth fund. So, folks, there's going to be a lot of capital coming to the market. You're going to see a rise in demand for Bitcoin as the spot ETFs get approved, especially around, you know, BlackRock spot ETF and Fidelity and so forth. So I'm very bullish, you know, like I've been saying, we are in quantitative tightening, fighting inflation, rates are high, but this will end right as it has historically boom and bust cycles. The Fed will eventually start its QE again. They're going to start printing money, global liquidity will go back up and we'll be back in a bull market. We just have to be patient, dollar cost average where possible. And, you know, don't look at the price every day because you'll drive yourself crazy. And, you know, it's very volatile. Sometimes it's moving sideways. It's very boring. And I know that's tough. But just, you know, take your positions, obviously do your research, take your positions and just be patient and then, you know, watch what these players are doing. Right. Not so much the price, but watch what the players like this are doing, who's investing, who's building, who's raising capital and much more. So that's what I'm looking at. And that's why I build this podcast to share the news, because, you know, this is not going to make mainstream news. This is not going to be on CNBC, Fox or CNN or whatever it is. Right. And a lot of people are not paying attention. But I'm glad I'm here early. If you are here early, pat yourself on the back because there's going to be billions of people coming in buying Bitcoin and other crypto at a premium and they're going to go to BlackRock and whoever else. Right. But you and I are on the side of smart money. We are on the side of BlackRock. We are on the side of Fidelity. Right. Accumulating the lows. And then when the bull markets come back, then, you know, the herds, the herd who watch Jim Cramer and listen to Jim Cramer will go by. And that's when I'll be taking profits. And I'm sure many of you as well. So once you understand the market cycles, both for stocks, even real estate and obviously crypto, you know, you can make money, folks. And that's what I had to learn. I had to unlearn the mainstream media finance and listening to Jim Cramer and all these things. Right. And study the charts and understand the market cycles and know when to buy and when to sell, because all those things, you have to be a contrarian. Right. You've got to go against your emotions. You've got to go against the herd mentality. And that's hard if, you know, all your life you've been trained to go with the herd. Right. From television and media and all these things, you have to unlearn that. And once you get it, boy, it's pretty sweet. Right. To be able to make a nice return, make nice money. And obviously you've got to diversify. I diversify into different tokens, into stocks. I've often tweeted and sometimes shared, you know, my positions. Recently, I told you guys I bought PayPal because Jim Cramer said to sell PayPal. So I bought PayPal. Right. I know it's not going to be some quick flip. It may I see I may see some nice returns by next year and that's OK. I a am patient investor looking to build wealth for me and my family. So anyway, guys, that's my approach. Let me know what you think. I would love to hear what you guys think about this news. Leave your thoughts and comments below. Hit the thumbs up button. Hit the five star rating on the podcast platforms. Don't forget to check out the merchandise store. Link will be in the description. Thank you for your support. Thank you for listening. And I'll talk to you all later. Thank you.
Tech Path Crypto
A highlight from 1263. Gensler Rejects Courts | Hints At Revoking Bitcoin Futures
"Today, we have the SEC going directly against the U .S. court system, and I think it's going to be a good one for you guys. We'll break this down for you. There's a lot happening with Garrett Gensler, how they are strategizing against potentially some of the rulings already by the U .S. courts. You don't want to miss it. My name is Paul Baron. Welcome back into Tech Path. All right, let's get into it today. Before we start, I want to thank our sponsor, and that is Tangem. If you guys are looking at a secure way to do your own self -custody, one of the things you can do is get into these card wallets. Now, a card wallet is like a physical wallet. It in itself works in tandem with your software on the phone, and it does a great job in terms of your overall security and protecting your digital assets. If you like self -custody, this is one of the tools you can use. Just go over, go to tangem .com, click Get Tangem. You've got a couple of options here. They've got a brand new wallet coming out that will give you optional seed phrase capability, all of that happening in October. So jump in, use our discount code. It's going to give you some additional discounts. Make sure and get the three -pack, too, because it's a better deal. So use the discount code, click the link down below, and start your journey on self -custody. Let's get into the first thing. I want to go to the clip that explains Gensler's strategy here about the current status of our courts and their decisions so far and what he might do with that. Listen in. When you take collectively recent court decisions we have seen, how have they made you, Gary Gensler, think differently about regulating this space? I'll tell you. I think the same thing. It's about ensuring for compliance and protecting the investing public. And this is a field, it kind of reminds me a bit of the 1920s, where a lot of people were getting hurt. The securities laws apply to crypto security tokens, and there's nothing incompatible with those tokens, with the securities laws, and we've just seen so many people hurt and lost their money, and there's so many hucksters and fraudsters in this field. All right, so most of this has been, as you guys know, if you've followed our channel for very long, you understand where the problems had lied. Most of it is because of the lack of clarity, the lack of real legislative direction, and I think that's been the case. Gensler's position has pretty much been unchanged. He truly believes that all tokens are essentially securities and that they are the savior against protecting individuals' rights and hopefully their finances. The only problem is that we see just as much fraud and problems within the traditional finance markets as we do in any other markets that are speculative. So I think this is still Gensler's missed shot of really understanding what the future of innovation really means for crypto and blockchain. Let's go to another clip here. This is where maybe could the courts convince him because the rulings have been coming out pretty sequential here in and against, in favor of the blockchain industry and against the SEC. Listen to what he had to say. And so nothing any court would say would change your mind on that? I wish something a court could say which would actually bring the compliance sooner. Having said that, there are a lot of folks in this field that are trying to say, well, those don't apply to us. And I suspect you've interviewed one or two of them, too. You'd be right about that. First thing I want to say here is Gensler's selection of words. His pauses are getting further and further apart. Why is that? I mean, he seems to be so intrepid in the past. And now all of a sudden he's taken this role of just a very, very strategic way of answering questions. And I think it's an interesting concept, especially because of the fact that he's had what handed to him over the past few months in terms of court rulings by judges who are essentially following the law. And this is where I think it starts to rub with a lot of people about Gensler's kind of frivolous attempt at, hey, I don't really care what the courts have to say. They just need to give us the ability to litigate and execute our plan over the SEC or over these financial markets, including the crypto markets in general. Stuart Alderadi kind of jumped in on this on Twitter. Stuart Alderadi obviously coming in from the Ripple case, fresh off a fairly good win. But what's most concerning to me, let me zoom in on that, and should be to you in the full video clip, is shocking admission of an unelected bureaucrat that he won't respect the decisions of the court. This is the problem that the overreach of the SEC continues to dive into. But more important, I think it's more importantly around Gensler himself. Because there's enough dissent in the SEC, especially in most of these rulings here recently, that it does pose a very interesting position right now. Here's John Deaton coming in with it. Just watch the reaction of the question posed. Any court includes the Supreme Court, the Supreme Court of Law of the Land. These people are so inherently arrogant that they think they are above the law. Let me introduce you, everyone, to the real -life example of a megalomaniac right there. And I would agree. I think this interview alone started to really showcase how Gensler thinks about these things. And he's strategically lining up. I'm wondering if there is something big that Gensler - because remember, if you watched one of our other clips when we did the government shutdown video, part of that was in a clip here and there was a lot of nervousness around these government shutdowns. I don't know. Is there something brewing down there with the SEC? I want to go to this next clip because this is where Gensler is going directly against a decision that's already been made around ETFs, listening to what he had to say. I'm not going to ask you to comment specifically on what's next in the Grayscale case, but in part of that ruling it was about the distinction between futures and spot and it not being clear that really fundamentally they were differently in terms of the fraud and manipulation you often talk about. My question to you is, is there a world given those concerns you have about fraud and manipulation that the SEC could actually revoke approval of a Bitcoin futures ETF? We take into consideration any time a court rules and we consider it and think it through and deal with filings that are in front of us. And we have a number of open filings in the Bitcoin exchange traded product space. For spot products, sure, but could you rule out revoking the futures product? Again, I'm just not going to speak to the filings and you are absolutely right. There are a number of Bitcoin futures exchange traded funds and they've been live since about two years. All right. So there was some body language in there in that interview. Part of this was the smirk that Gensler has on his face when that question was asked. This concerns me because it does and has the ability to impact the markets in pretty much a catastrophic way. Traditional traders would see this as a very bad move by the SEC because this could put a lot of futures ETFs at risk. And I think for just him to even entertain that, as opposed to an unequivocal no, we would not do that, we've already put markets in motion, is very telling about the strategy and his grab of power that the SEC has continued to go after. So it's a very interesting situation right now brewing within the SEC. There is something up, there is something up with Gensler and his strategy in terms of these market conditions. I want to go to another clip here on Custodia Bank because this kind of starts to play into this because there are some other scenarios playing out with Custodia Bank and the Fed. I'll explain this in a couple of clips so you guys can catch up. You probably are not completely aware of it. Let me go to this first clip that kind of gives you an overview on Custodia.
Thinking Crypto News & Interviews
A highlight from SEC GARY GENSLER TO BE GRILLED ON CRYPTO SOON! NYDFS BLACKLIST RIPPLE XRP & DOGECOIN, CBDC PRIVACY ISSUES
"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, quick news about the Fed right now, they are pausing rate hikes, but we know they are leaving the option on the table to be able to raise rates again. And we know these rate hikes and the fight against inflation does have an impact on the markets. Now, Bitcoin and the crypto market, of course, have rallied from the lows of December 2022. And we are obviously not going to new all time highs right now, but it's certainly a bounce off the lows. So I've been saying we're in that transition phase between the bear and the bull market. And next year is the halving. And I think the bull market officially starts then. But we'll see how the Fed's news has an impact on the markets. Look, the Fed, they've been raising rates all this year and the markets have been going up. So let's see what they decide to do historically, based on the charts and all the data. When they start cutting is when we need to kind of worry during that period. And once they start quantitative easing, guys, global liquidity will come back and asset prices will continue to rally. So short term, a lot of uncertainty, maybe a little bit more pain, but long term, we are headed back to the bull market. The bull runs just we are in this tightening period and we have to be patient and go through it. And then we will be back in good times, as they would say. Now let's move ahead, because the date is set, folks, September twenty seventh, corrupt scumbag regulator Gary Gensler will be testifying before the House Financial Committee. And it will be, of course, a much less friendly venue than what he experienced with the banking GOP, as we're going to see the folks who oversee the SEC, the House Financial Committee, you know, really put down the hammer on Gary Gensler and grill him like they did last time. Remember the last time Patrick McHenry and many of these members gave him laser pointed questions. Is he theorem of security? Is XRP a security rate? I'm very curious how they're going to grill him this time, because obviously he took a big loss. The SEC and Gary Gensler took a big loss in the ripple lawsuit. They also lost the grayscale. The judge recently shut down their ability to do any discovery with Binance U .S. So the judicial branch and the courts and so forth are not putting up with the lies, corruption and hypocrisy of the SEC. They abide by the law. So Gary Gensler and the SEC have not been trying to abide by the law. Remember what Judge Sarah Netburn said in the ripple lawsuit. The SEC lacks faithful allegiance to the law. Imagine being a government agency that's supposed to have integrity, that's supposed to protect investors and be the good guys. You are being told you don't abide by the law. And this is what I've been saying for years. The SEC is rotten at its core. It's fallen far from its core mission. And not to mention the Bill Hinman situation and a theorem free pass and much more. So mark your calendars, folks. Gary Gensler is going to be grilled and it's going to be 10 a .m. on Wednesday, September 27 to next Wednesday. And we shall see how that goes. I'm sure there's going to be fireworks. Now here's something that's very funny. Brad Garlinghouse, CEO of Ripple, him and his team, his legal team were in D .C. He said they were meeting with members of Congress and their global policy team were trying to figure out regulations. And he said, can't get regulatory clarity without actually engaging with the elected officials who are proposing bills. He also posted a picture of him and Stuart Allerani, chief legal officer, in front of the SEC building with their hands up like, yeah, you know, we had to take a picture in front of the SEC building while in town. In case you're wondering, no, Chair Gensler did not invite us in. I love it. Very, very funny. So, you know, Gary Gensler is a clown. Everybody's laughing at him now. He's such a buffoon. And, you know, I've said it many times, he's a puppet on strings. He's doing the bidding of the TradFi incumbents, which is sad, right? Just corrupt. You're supposed to be protecting investors, having a fair free market, you know, whether it be startups, new industries and so forth. Just looking to protect investors, not doing the bidding of the TradFi giants. And you know, we'll see how this once again, this hearing goes on the 27th. Now quick word from our sponsor, and that is Uphold, which makes crypto investing easy. I've been using Uphold since 2018. I've interviewed their CEO and many folks on this platform so I can vouch for them. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and 37 national fiat currencies, and you can easily swap between them. So that makes this platform very unique. If you'd like to learn more about Uphold, please visit the link in the description. All right, folks, we got some attack coming from the New York crypto regulators really removing Dogecoin, XRP and Litecoin off their token green list.
Thinking Crypto News & Interviews
A highlight from ELIZABETH WARREN RAMPS UP ANTI CRYPTO PLANS WITH SEC GARY GENSLER - DEUTSCHE BANK CRYPTO CUSTODY
"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've got big news that Senator Elizabeth Warren has added nine new co -sponsors to her anti -crypto bill. They're all Democrats, those co -sponsors. This has not changed the trajectory of the bill as most of these co -signers were expected. This is being reported by Taylor Barr of the Digital Chamber of Commerce. And you know, it's not a surprise that they're all Democrats, but these Democrats got to get their act together. Many of them are not going to be reelected because of this stance on crypto, in addition to other political issues. And I'm not here to say Democrats are worse than Republicans or Republicans are better, right? I'm pretty much an independent and I look at who's the best candidate from that standpoint. But the Biden administration and many Democrats are really, really screwing themselves over. Now I want to be fair, there are many Democrats who are pro -crypto, right? We've seen Richie Torres, Ro Khanna, and a bunch of others who have been doing a great job. The problem is Senator Elizabeth Warren's voice tends to drown out many of the other Democrats. And she has a large following, right? Because of other issues that she covers. But we know she's corrupt and she's been doing a lot of backdoor dealings with scumbag regulator Gary Gensler. We know she sends him the questions and answers ahead of hearings. We know she's been working with him to try to get the crypto market in a mess. We saw that Promethium was a plant by Gary Gensler and the SEC. And I think Elizabeth Warren certainly helped with that. Elizabeth Warren also contributed to the bank runs that were happening early in 2023. It started with banks that were pro -crypto, of course, and then that domino effect happened where you had a whole bunch of different banks started collapsing. So I don't trust Elizabeth Warren. I don't think ultimately she's going to win anything here against crypto. The most she may do is slow us down. But crypto is going to outlast her and corrupt scumbag regulator Gary Gensler. But we do have to make sure that we keep fighting and we spread the facts. This is why I always tell you guys, contact your representatives, use Twitter and social media to your advantage, make content and much more. We can drown out all of her tweets and all of her things about crypto. And we see the narratives around Gary Gensler collapsing, his false narratives, and he's getting exposed in court. So the more Gary Gensler takes defeat, the more Elizabeth Warren's going to lose wind in her sails to back Gary Gensler and to say, oh, you see all these crypto things are all scams when the courts are disagreeing with Gary Gensler and the SEC. But we've got to be vigilant. We've got to watch out here. She's certainly not giving up. She's up to something. But we're ultimately going to win the war, folks, and crypto is going to outlast both her and Gary Gensler. Now speaking of Gary Gensler, some of you may have seen this video and it's hard to convey this on the podcast, those of you listening on Spotify and Apple and Google. But Gary was interviewed by Brooke Masters, who is a journalist at the Financial Times. And Gary was stating his false narratives and lies, right? He was saying, crypto, these guys don't abide by the law, there's hucksters, there's scammers, the same old bullshit, talking points. But surprisingly, the journalist, the interviewer responds saying, they seem to be finding some sympathetic judges, referring to the SEC's recent court losses to Ripple and Grayscale. Then she said, so you got to watch out there. And if you saw Gary Gensler's face, I mean, those of you watching the YouTube video, just look at his face. This is going to become a meme. He just, he didn't say anything in response to her. It was like this awkward silence and his face just tells it all like, he was not expecting that. And I'm sure it cut him deep. But even, you know, journalists and mainstream media are recognizing this guy is blowing out hot air. Like you can say all those things, but the reality of the situation is you just took a big loss with Grayscale and the judges are ripping you apart. And you took a big loss in the Ripple lawsuit, and it looks like the SEC is going to take a loss in the Coinbase lawsuit. So once again, the optics and narratives are falling apart, and this is what I've been telling you guys. A big part of politics is optics. And he can shout on the top of the hill that, oh yeah, there's all hucksters, scammers, and it's all securities, but the courts are disagreeing and that's where we're going to win. Now, 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 2017. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. Another cool feature is you can trade precious metals on this platform, as well as 37 Fiat currencies. You can easily swap between those respective asset classes, Fiat, precious metals and crypto. So it's pretty incredible. No other exchange offers this type of functionality. So if you'd like to learn more, please visit the link in the description. All right, folks, we also got news here that John Deaton, yes, our friend John Deaton, who has been fighting on behalf of the 75 ,000 XRP holders, well in the library appeal, remember library is now appealing the ruling, given that there's updated case law with Ripple, John Deaton has filed his notice of appearance on behalf of Amicus Curae Naomi Brockwell. So if you remember Naomi Brockwell, she served as Amicus Curae, where she was stating that how she was using the library platform to earn LBC tokens and much more. I was also, you know, using the platform the same way. We know the SEC unfairly attacked the library here, but it's all, you know, the bullshit from Gary Gensler just attacking the market, not providing any guidance, not trying to work with the market. And even, you know, commissioners at the SEC, such as Hester Peirce and Mark Ueda have been dissenting on all these actions. So it's pretty clear what's happening. Now yesterday, we talked about the SEC attacking Stoner Cats NFTs, which was founded by Mila Kunis and Ashton Kutcher. And we know it's just unfair, right? We talked about it. It's like, well, you can't release artwork anymore. What about baseball cards and sports cards, right? Are those all securities now? It's just ridiculous. Well, Stuart Eldoradi, chief legal officer at Ripple, he weighed in on the SEC's decision saying, I don't know all the facts here, but I do know that a settlement to avoid a crushing SEC process without admitting or denying anything is binding on no one. A cynic would call it a PR stunt. What matters is that when seriously challenged in court, the SEC continues to lose. He's absolutely right. But folks, as we've been talking about for years now, the ultimate goal here is Gary Gensler has been weaponized. He's a puppet on strings so that he can come in and kill these crypto startups so that his big Wall Street buddies and banking cartel buddies can come in and take over. Here's another prime example, Deutsche Bank to hold crypto for institutional clients. Well, look at that, folks. Gary says there's only hucksters, scammers, and fraudsters in this market. Does that include Deutsche Bank? Does that include BNY Mellon, Fidelity, BlackRock, JP Morgan, Goldman Sachs, right? All of them are getting involved in crypto in one way or the other. So let me give you the details here, folks. Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients, cryptocurrencies, and tokenized assets. Taurus said in a statement on Thursday, the partnership means Deutsche Bank will for the number cryptocurrencies of for its clients, as well as tokenized versions of traditional financial assets, a Deutsche Bank spokesperson said, folks, see what's happening. Always watch what they do, not what they say, right? If you were only listening to the talking points of Elizabeth Warren and Gary Gensler, you may be scared, right? Let's say you're not well -researched, not well -versed. You don't listen to the Thinking Crypto podcast, right? And you're not paying attention and you're passively looking at this. You may catch some headlines from Gary Gensler and Elizabeth Warren and you're like, oh my gosh, man, it sounds like there's a lot of scams going on in this crypto market. I better not get involved. But we know, folks, watch what they do, not what they say. As Gary and Elizabeth Warren are saying that, in parallel, BlackRock, Deutsche Bank, Fidelity, all the big institutions are getting involved, right? The facts are right in front of our face. You've just got to look at the entire market holistically and pay attention to what's happening and who are making moves, who's investing, who's raising capital, and much more. So, crypto trading is not the bank's immediate plans, this spokesperson said. Deutsche Bank said it aimed to offer crypto trading in a World Economic Forum paperback in 2020. But, folks, let me give you a prediction here, which I think would be 100 % accurate, right? Just in a matter of maybe three to four years. They will all offer crypto trading. This is going to be, what is it, the 12th sector? If I'm not mistaken, I'm getting all my sectors together, right? Of the S &P. Crypto will be trading on stock markets. ETFs will be the thing. It's coming. We've seen the maturation and the growth and the adoption.
The Crypto Overnighter
A highlight from 643:Ripples Legal Dance, CFTCs Crypto Focus, and Shibarium Stumbles
"To those who visit Mickey D's for their favorite breakfast item and then go somewhere else for coffee, give this Mickey D's brew a second chance. The glow up was real. Try any size iced coffee brewed with 100 % Arabica beans for just 99 cents until 11 a .m. and pair it with a savory Sausage McMuffin with Egg for $2 .79. Prices and participation may vary, cannot be combined with any other offer. Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, 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 Thursday, August 17th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. First, though, I need to let you know my anniversary is coming up. My wife and I are going to be heading out of town, so I would not expect any new episodes on Monday the 21st through Wednesday the 23rd. Tonight, however, we delve deep into Ripple's courtroom battles with the SEC. We'll explore the shifting regulatory roles as the CDFTC targets crypto scams and witness the turbulence surrounding Shaberium's launch. Bittrex Global makes a significant shift in their regulatory stance, while PayPal ventures further into the crypto realm with Ledger. Finally, Dubai's Vara puts a damper on OPNX's operations as the platform faces heavy fines. A federal judge has permitted the U .S. Securities Exchange Commission to argue its right to appeal against a ruling. This ruling stated that Ripple did not breach securities laws when making XRP accessible to retail traders via exchanges. Judge Annalisa Torres of the U .S. District Court for the Southern District of New York approved the request. The SEC has until Friday to file the motion. Ripple then has until September 1st to respond, and then the SEC can reply by September 8th. If the SEC's motion succeeds, they can then seek permission from an appeals court to file the actual appeal. Ripple's chief legal officer, Stuart Alderati, expressed the company's opposition to this request. The price of XRP remained relatively stable despite that order, with a minor 4 % drop over the last 24 hours. The SEC's decision to appeal is significant. It indicates the agency's determination to set a precedent in how digital assets like XRP are going to be classified and regulated. The outcome of this case could have far -reaching implications for the cryptocurrency industry. The SEC's persistence in this matter underscores the regulatory challenges facing the crypto space. It's a clear sign that regulatory bodies are keen on establishing guidelines and rules for digital assets. Bill Hughes, senior counsel and director of global regulatory matters at Consis, commented on the SEC's uphill battle. He mentioned that the legal standard is tough to meet, and the specifics of this case do not favor the SEC's argument for an appeal. Dave Rodman is the founder and managing partner of the Rodman Law Group. He added that even if the SEC wins appeal from both Judge Torres and the Second Court of Appeals, the circuit court might halt all proceedings until the appeal is resolved. Brad Garlinghouse, Ripple's CEO, in a recent interview expressed confidence in the ongoing legal process. He believes the SEC would face a lengthy appeal process and remains optimistic about Ripple's position. The broader crypto community is closely watching the developments in this case. The final outcome could set a precedent for how other cryptocurrencies are viewed and regulated in the U .S. The case underscores the need for clear regulatory frameworks for digital assets, ensuring innovation thrives while protecting investors. While Ripple stands firm against the SEC, another regulatory body, the CFTC, is stepping up its game against crypto scams. Hit that follow button to stay updated on the regulatory dance between the CFTC and the SEC.
Thinking Crypto News & Interviews
A highlight from RIPPLE FIRES BACK AT SEC XRP RULING APPEAL! COINBASE CRYPTO FUTURES & CONGRESS SEC PROMETHEUM
"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've got big news coming out in the SEC versus Ripple lawsuit. So Ripple has filed its opposition to the SEC's anticipated motion for leave to file an interlocutory appeal. Now we know the SEC is attempting to appeal some of the rulings from Judge Torres. And here's what Stuart Alda Roddy, chief legal officer at Ripple, tweeted out. He said, we oppose the SEC's request for an interlocutory appeal. There is no extraordinary circumstances here that would justify departing from the rule making or the rule requiring all issues as to all parties to be resolved before an appeal. Here's what Ripple CEO Brad Garlinghouse had to say regarding the SEC's attempt to appeal. 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 slash trial. But the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. That's utter nonsense. He continues here saying the judge's July 13th ruling said that the SEC would be put to their proofs at trial regarding their claim against Chris and me. We look forward to proving the SEC wrong as a matter of fact and law again. So Ripple, they're not putting up with the SEC's nonsense and rightfully so. We're seeing Ripple and the entire industry going up against the SEC fighting back Coinbase is fighting back Grayscale and many others, even Binance US. There is news of Binance US complaining and highlighting that the SEC is just making stuff up as they go. They're not abiding by the law, as we've seen many times, right? Even Judge Sarah Nutburn in this Ripple lawsuit said the SEC lacks fateful allegiance to the law. Wow. Just imagine that a judge saying that about a government agency. It's pathetic what the SEC is doing. We need Congress to act. Now Attorney John Deaton weighed in on all this and he had a lot to say. So I'm going to read his first tweet. He said, remember everyone, Judge Torres allowing the SEC to file a former motion doesn't mean that she is agreeing to allow it to appeal. The immediate issue is only whether she allows the SEC to write a more detailed motion. For example, she allowed me a motion to intervene, asking her to force the SEC to formally sue thousands of individual XRP holders, which is way more uncommon than an interlocutory appeal. She then later denied the motion to intervene, but allowed me to serve as an amicus counsel instead. John also says here regarding the response from Ripple, excellent response. The even stronger argument will be coming next from Brad Garlinghouse and Chris Larson's attorneys related to the SEC's request for stay. If it wasn't for the Rakoff ruling, and he's talking about Judge Rakoff in the Terra case, I would lean toward Judge Torres denying the SEC's request to file a motion for interlocutory appeal. The SEC doesn't come close to meeting the standard justifying an early appeal, but with the Rakoff ruling out there, her allowing the SEC to write a formal motion will give her an opportunity to further demonstrate why her decision is sound and based on evidence or lack thereof, thus making her decision even more appeal proof. So I actually interviewed attorney Fred Rispoli. I published that interview earlier today. If you haven't seen it, check it out. We break down a lot of the SEC's approach to the appeal. What are the percentages and the likelihood of them winning an appeal or just going to get denied? And I think everybody sees that the SEC can certainly try to appeal and Judge Torres may grant their motion, but it doesn't mean they're going to win the appeal. It doesn't mean the secondary court is going to allow it as well. So I don't think the SEC is in the driver's seat here. I think Ripple is still in the driver's seat and them pushing back will even delay this whole thing further out, years.
Crypto Altruism Podcast
A highlight from Episode 116 - Steward - bridging the natural and digital worlds with Web3
"We totally believe that nature is the first true decentralized system. And I think there are so many different examples when you look at nature in terms of the resilience that's built into decentralized networks. Welcome to the Crypto Altruism Podcast, the podcast dedicated to elevating the stories of those using Web3 for good. I'm your host Drew Simon from CryptoAltruism .org. Now before we get started, a quick disclaimer. While we may discuss specific Web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice and please make sure to do your own research on investment opportunities or any opportunity, including its legality. And now, let's get on to the show. Welcome and thanks so much for joining. Over the last few decades, a new type of world has emerged, the digital world. It started with the birth of the internet, followed by the incredible growth of social media and more recently with the emergence of the Web3 movement. While many view the digital natural worlds as polar opposites and even adversarial, there are many who view digital tools, including Web3 tools, as an exciting opportunity to connect individuals to the natural world. To dive into this, I'm excited to welcome Maria Lee, co -founder of Steward, a Web3 community that aims to create a bridge between the natural and digital worlds. We discuss how Web3 tools can help individuals reconnect with nature, the concept of decentralization in natural ecosystems, driving philanthropic action with NFTs, inclusion in Web3, and much more. Now, before we get started, I have some exciting news to share. Crypto Altruism is taking part in Gitcoin Grants Round 18, which launches today, the date of release of this podcast. We have an ambitious plan to grow Crypto Altruism into an important tool for onboarding nonprofits and changemakers to Web3, and we need your help. I have one big favor to ask of those listening in today. If you've been a fan of our podcast and enjoyed our resources, I would like to ask you to take a moment to support our Gitcoin Grant, even if it's a $1 contribution that can go a long way through matching funds and helping us grow this movement. After all, the more people that contribute, regardless of amount, the more matching funds we'll be eligible for. Thank you so much for hearing me out and not skipping past this part. Crypto Altruism has been bootstrapped since day one, and this grant will help us go full time and grow Crypto Altruism into not only a platform for quality Web3 content, but also a hub for nonprofits and changemakers to turn their inspiration into action using the power of Web3. Make sure to check out the show notes for a link to our Gitcoin Grant proposal, and thank you so much for hearing me out. So without further ado, please join me in welcoming Maria to the Crypto Altruism podcast. Okay, Maria, thank you so much for being here today on the Crypto Altruism podcast. Pleasure to have you. Thank you so much for having me. I'm excited to be here as well. Yeah, definitely. Really excited to learn about Steward, which is a new initiative, and I'm so glad your team reached out because it sounds like a really exciting opportunity that really connects kind of digital with nature, and so I'm excited to dive into that. Before we get there, though, I want to learn about your story and how you got to Web3. So what would you say was your aha moment, that kind of light bulb that got you excited about crypto or Web3 in the first place? Yeah, for sure. So Steward is a project. We kicked it off somewhere in the middle of the bull market, for sure. So I think we started brainstorming around it and really just thinking big picture. November 2021, probably. And so actually my day job, I run a tech and startup digital media company out here in Singapore. And so I spend a lot of time reading and covering the latest tech trends and latest startup trends. And so when that particular bull run was coming up, what it really felt like, and I still do believe, is that Web3 is going to be this massive technological platform shift, right? And people were talking about it on the scale of internet computing and then mobile and everything that kind of came with that. So it really felt like this massive platform shift. And when the other co -founders, Lydia and Sophia and I, kind of got together, the previous platform shifts when it comes to technology have actually traditionally been led by relatively wealthy white males, to be honest, because that's typically your tech crowd. And it felt like maybe this was an opportunity because Web3 is so much about decentralization and community inclusiveness, we felt like, OK, then we actually wanted to see that level of change represented as well. And so we were like, we should get involved. We don't know anything about Web3. But it felt like, why not? And to start, and it was such heady times, to be honest, that everybody was kind of jumping in. And so we just kind of jumped into it as well. So I think that was the main thing, is really recognizing that this was a major platform shift, that it's obviously in super early stages of the overall Web3 transition, and this opportunity for ourselves to basically learn about it. And every mistake we've learned, we're like, well, at least we won't make that particular mistake again. But being able to bring in more women, minorities, people of color into this space, yeah, so that was one. And then actually, the second bit was really more about the immutable part of the blockchain, because I know this is what historically blockchain technology is super exciting about. And people have always kind of hypothesized about different ways that it could be used, the immutable ledger aspect of it. But then I think what we saw in 2021, 2022 is people really kind of expanding the definition of that and figuring out, OK, what are the different applications of it? And so I think that was where technology actually opened up a new world of interacting, of storing information, of passing on information. And so it was also this amazing ability to basically apply it to all these new use cases. Yeah. Yeah. Amazing. Well, that's great. And I love what you said earlier on, too, about looking at the technological shift that's coming with Web3 and recognizing that technological changes or transformation in the past have really been led by white, wealthy males from Western countries, typically. And that, you know, you're going to make sure that your project made its mark. It was a part of this movement. And I think that's so important. We're going to talk a little bit about that later on, too. But I appreciate you sharing all that background. And I couldn't agree more with everything you said there. And I want to talk about Steward now and learn a little bit about kind of your mission and the roadmap and all that stuff. So on your website, you mentioned how Steward is a bridge between the natural world and digital world. So love that mission. Can you please give listeners a high level overview of your work and your mission? Sure. Yeah. So as I mentioned, our goal is to basically bridge the natural and digital worlds. One of the things that really stood out to us is when you look at the climate space, less than two percent of global philanthropy dollars go towards climate. Right. And whereas, like I think you can see from the news on a daily basis right now, climate is actually the number one challenge that we all face. But the giving level has never quite matched the emergency and the need level, which is ridiculous because, you know, if you think about how much money has been poured into Web3, how much money is currently being poured into AI, like the world has enough money to basically go invest in a lot of the climate solutions that we actually already have. It's just not being directed to the right places. And then so we wanted to kind of co -opt a lot of the funding and the interest that Web3 was getting and redirect some of those financial and capital flows over to the climate space. And so what we mean by creating that bridge is literally, you know, Steward at a high level, it's a digital art collection, formerly known as NFTs. Right. And then I can tell more so the digital art collection is all premise of a different ecosystem for each particular ecosystem. We picked a nonprofit partner that's working on the front lines of that particular ecosystem. And then as the art is being collected, traded, sold, whatever, a portion of those proceeds is always going straight to that nonprofit partner. So what it is, is an institutionalized, more permanent way of giving and donating to the climate space, but also worked into like somebody's maybe like daily flows so that it's not like, oh, man, it's the end of the year, I have to go, you know, like write a bunch of philanthropy checks and like charity checks in order to offset my taxes. Right. But we are trying to build it into like more of like a daily actionable basis. Yeah. The question so that we can direct more of the funding, more of everybody's global funding into the climate space. Yeah, very cool. And so you mentioned there, you know, digital art is kind of being one of the key components of your mission and your work. So let's talk about that. How can digital mediums like NFTs and other Web3 tools really help individuals reconnect with nature? Because they're often seen as like separate. Right. Or like almost competing. You have like digital in nature. But really, there's an opportunity here to kind of use digital to bridge that gap to nature, which is, of course, the mission of Stuart. So talk to me about that. Yeah. So I think that framing is super binary and it makes people feel like those two are necessarily at odds. But let's be real, like if there is no natural world, we don't have a digital world. Right. Like at the end of the day, internet, Wi -Fi, cloud storage feels invisible, but it's all being stored in like massive servers being connected that are right. So like even the most visual aspects of anything still has an incredibly physical natural part, which has a huge impact. So I think that's one thing we wanted to do is just kind of break down the binary and be like, it's not one or the other, but the two can coexist. And so one way that we try to do it. So each one of our digital pieces of our digital artwork, it has a geolocation code. And so, like, say we have a different ecosystem. So you have like a piece of art from the Tundra collection. That is actually coded to a specific point on the planet that's actually in the Tundra, which is different than like the next Tundra piece of art. And then our artwork is dynamic. And so actually we'll show in semi real time. I think we have like a two or three hour lag, but like semi real time, the weather conditions and the time of day that's actually happening in that particular part of the world. And so it's almost like a window into, you know, a different part of the world that you don't typically see, but you maybe feel like a bit more of that physical connection with or that emotional connection with because you can kind of understand what's actually happening there. And so I think, yeah, so that was like the main concept behind a lot of the artwork is to make people feel like they understand the place that even if they're just sitting at their desk at home, you know, they can open up their their web browser or phone or or like whatever their digital art, digital framework and feel connected to a part of nature and be reminded that honestly, that natural world is still out there. It's still moving and changing without you. Yeah, and because I think a lot of times when we think about the digital or sorry, the natural world now is honestly when we see some of the terrible headlines about like extreme weather, flooding, you know, heatwaves, whatever it is, which tends to be quite negative. And so the other thing we wanted to showcase is like, actually the genuine peacefulness that comes with nature, right? And then like most of the time, it's actually as wonderful and beautiful and you're going off to the cabin. So I think you get it. But the stillness amazing that comes with with just being in nature and that it doesn't have to be a new cycle that draws our attention to nature, but it can just be something that's like beautiful, pleasant to look at. Yeah, yeah, amazing. That's so cool. I love that. And yeah, I think that, you know, you're right, it is not binary, right? And that one doesn't exist without the other. Well, nature exists without digital, but digital doesn't exist without nature and the physical. And so, you know, using that as an opportunity to remind people of the importance of reconnecting with nature and the regeneration that can come with that. Love that. That's so important and incredible. And I think another piece of the puzzle here that's really interesting is I often see Web3 as kind of, you know, the perfect tool in a sense for like, you know, helping reconnect with nature because I, you know, I see decentralization as a key pillar in Web3. But then I also see Web3 concepts like decentralization being found in nature, which could, you know, very much be viewed as the first decentralized system. Thoughts on this and how Web3 kind of is it is a optimal tool for this mission? Yes, we totally believe that nature is the first true decentralized system. And I think there's so many different examples when you look at nature in terms of like the resilience that's built into decentralized networks, right? And so the two I think most obvious ones are mycelium networks and aspen networks. So aspen are, you know, like those beautiful trees, their deep roots are underground. And actually, when you see an individual aspen tree, you're basically just seeing like an individual clone off that name that's branching off of that main network. And I think what's amazing about that is that even if like some of the trees are wiped out, if that root system exists, it'll continue to repopulate itself. And so like the beauty of decentralization, which is very much the fundamentals of Web3 is that when it's community based, the overall network becomes a lot stronger, becomes a lot more resilient. And yeah, so like aspen trees are a great example. Mycelium networks are other great example, which is like the fibrous root network that a lot of fungus and trees absorb. So they communicate, right? And so like, if there's, I don't know, fire or like something traumatic that's happening to one part of the mycelium network, there's actually like methods of communication where, where like other other trees and other plants within that network, basically, like if this warning signal can take some defensive actions. And so it's so beautiful, I think how nature has already developed all these systems, right in order to make itself more resilient to whatever's happening. And of course, again, we're a climate focused project. And so like a lot of the a lot of the changes that are happening, honestly, are bad, but nature has built in has the built in defense mechanism to do so and basically to manage it. And I love that the a lot of the principles around Web3 are basically the same thing, because I do think that there's a lot of things that could be fixed in our current, like normal, capitalistic Western world, right to power concentrated in the hands of too few, poor decisions being made, I think not really like soliciting, like input feedback or from the overall community. So I actually think that's so amazing that the Web3 community is founded on this idea of decentralization. We would just, you know, like to point out that nature did it first, not that that's like a right or wrong thing. But that there is power and it makes and that's also like one of the reasons we felt even more, I don't know, passionate that like Web3 was the right kind of like platform vehicle to launch a project such as Steward. Yeah, yeah, that's so cool. That's absolutely fascinating. And you really explained that well of how nature is the first decentralized system and how you've seen kind of those elements of these decentralized networks that have existed since forever. Right. Which makes Web3 really a cool tool to help return people to nature. I love that. And, you know, one of the ways they're doing this, of course, is so you have individuals that they want to participate. They buy one of these digital art pieces that I know representative of one of the ecosystems. It also has contributions from a global artist, which is really cool how you're bringing so many different people to the table. So tell me more about the digital art behind the project. Yeah, absolutely. So we one of the co -founders is a creative director, like former Nike, absolute creative genius, and has an amazing artist network. And so I think, again, like we came together what what we really wanted this project to do beyond the climate and information aspect is actually be very representative and inclusive of the result, which is why we were like, okay, we were tapping into new, fresh, young rising artists, you know, who may not otherwise have the opportunity. People actually haven't done that, like other NFT questions or any sort of digital artwork, because one of the main goals is to bring new people into the Web3 fold. And, and yeah, it would be representative of the world that we that we live in. So we kind of put out a global call, did a global search for these artists. We're also looking for honestly different styles, right? And we wanted each ecosystem to have its own vibe, which when I think we've really some snapshots and like some snippets of the artwork, but like, they look really, really different, which is also a very cool part of the collection. And yeah, and so we came up with a shortlist and basically started working through and asking people, you know, like, was there a particular ecosystem they identified with? I think some people pick ecosystems where obviously they live because, you know, the connection, the emotional connection is very strong there. But also ones that maybe they just like found fascinating or, you know, when you're a kid, you kind of get obsessed with like different things. And so people like actually, I've always loved the Tundra, you know, so it was kind of beautiful and organic in terms of how the different artists came through. And I do think actually one interesting part again, we started off in 2021 is a lot of artists that we spoke to even the artists that ultimately signed on with us, didn't want to do an NFT collection, because I think, you know, the word out on the street was like, NFT collections or exploits, exploiting artists, right? Like, it came in with this idea of, of like royalties for the artists, and they would get paid and they would get recognition for like any other artwork they produce. But I do think there were some very popular questions at the time where you found out that wasn't true. And basically, the artwork was like paid for like a few hundred bucks or whatever, but then the project was like hundreds of millions. So, so I think that digital art was actually getting a maybe a bit of a bad rep within the artists as well. So actually, we took that as an opportunity for education, right. And obviously, we've set up our royalty structure. So that again, like, for every every time a piece of artwork is sold, you're donating a piece, a bit of your proceeds go straight to the nonprofit, but also a very small part of it goes to the artists as well for royalties. So that becomes like that ongoing, you know, living proof and transfer of like, you know, a job well done, and people appreciating your artwork and the financial benefits and history to kind of go along with that. Cool. That's, that's awesome. I love that. Yeah, yeah, for sure. And I love the way that you've kind of, and I saw this on your website to use as an opportunity to really educate, kind of help, you know, shift the space away from the, you know, the the negative that was becoming maybe the, you know, an NFT digital art space. So, you know, kudos to you for doing that. And you had mentioned too, like a portion of the funds from each person of these digital art goes to one of eight nonprofits, each representative of one of those different ecosystems that you mentioned as well, I believe. So tell me more about this, the nonprofits, how they were selected, kind of, you know, all that process. Yeah. Okay. So earlier, we were talking about binary digital versus nature, natural. And I think when it came to selecting nonprofits, that binary contract was another thing we wanted to deconstruct. So I think at the beginning of COVID, you know, like, obviously, everybody was kind of hidden away in lockdown, and things like that. And you did see nature kind of reclaim certain cities, certain areas. And then I think a lot of the storyline was like, nature fights back or like, nature, you know, like, nature wins against the people and things like that. And so we also didn't want it to feel like people cannot coexist in harmony with nature. Because obviously, you know, prior to our latest urbanization, people have coexisted with nature, like very, very well, and very harmoniously for thousands of years. I think it's really, we've kind of lost a bit of that, especially in the Western world, in the last, like, century, probably. And so when you're picking our nonprofits, actually, we again, we're working in very diverse ecosystems. So that was great, because they kind of allowed us an opportunity to be really, really global in our search. But we're also picking for frontline organizations and primarily indigenous one, because I think you find an indigenous communities still have a lot of traditional understandings of how to maintain the environment that they're living and working in. And so that they still can make a living, they can still eat, right, but it's not like an exploitative level of, of, like farming out that particular ecosystem or environment. And so we try to focus more on indigenous nonprofits as much as possible, because it felt like they had like that more, honestly, like a wiser, more mature and steady approach in terms of like, how do you kind of coexist in harmony with nature. And so yeah, so we came up with, again, an amazing list of eight, eight nonprofit, kind of all around the world, each one is working, what we felt is really on the front lines of protecting and preserving that particular ecosystem. They are honestly not the biggest name, right? Because again, a lot of the main goal of the project is to channel funds to the people we felt like needed at most. So they're not the biggest names. But we they're ones that we believe have the right vision, vision and heart. Yeah, so so I think it's incredibly exciting. Like the one that we're working with in Brazil, for example, the articulation of the indigenous people of Brazil, they do so much in terms of the Amazon, which, you know, I don't need to explain is incredibly important. And so, so I think that's just like, that was one of the main things. Sorry. And the other the other thing I would say, when we were looking for nonprofits, is, you know, I do think the larger ones tend to have higher admin and overhead costs. And again, for us, we wanted our every single dollar that was falling towards these organizations to be, you know, as useful and as, as impactful as possible. And so yeah, and so I think that was another another filter that we added on. So yeah, we're super excited about the aid. And actually, same thing to the artists, a lot of nonprofits were a little wary about, you know, like, taking crypto, and they're like, I mean, they're nonprofits, right. And so they're like, I mean, some were very, very savvy, actually, like, Oh, I already have a crypto wallet. Here you go. Which was amazing, but actually, most of them did not. And so same thing, it was like, you know, if what really is that next technological platform shift, as a nonprofit, you also can't really afford to miss out on it, right? Like, you need the dollars. And so we wanted to also take this as an opportunity to kind of bring along their own crypto web through journey, so that they wouldn't be missing out on potential crypto altruism dollars that would otherwise be coming their way. So yeah, that as a as a great educational opportunity as well. Yeah, definitely. And absolutely love the approach you took to select those nonprofits. I think that's amazing. And, because you mentioned earlier to like, you know, environmental organizations are traditionally underfunded, that 2 % figure, I know that indigenous organizations, at least in Canada, right, are also traditionally underfunded, you know, disproportionately underfunded, compared to other organizations, right. And then also, you know, deliberately choosing to work with smaller organizations versus larger organizations, I think is important because, you know, you think when it comes to technological shifts, those smaller organizations are often the ones that also struggle to make that adaptation to, you know, embrace these new technologies, because maybe they don't have the same capacity and staffing, you know, ability of these large organizations. And so they might get left behind, right. So I think that that's amazing that you're providing that opportunity to make sure that they don't get left behind. And then also bringing more indigenous organizations in a web three as well, which I think is important to make sure this, you know, that we're building from the ground level and making as inclusive of an ecosystem as possible. So kudos to you for taking that approach. I think it's so important, would have been easy to just go with one of the big, you know, big name environmental organizations that maybe already has is accepting crypto donations and has a web through strategy. But, you know, you went with one of the smaller ones, which I think is so important. So yeah, you know, kudos to you for doing that. Thank you. Thank you. I think one of the things that we thought deeply about is like, when when these platform shifts happen, why do people get left behind? Right. And I think it's like, it's not necessarily that, like, people are actively trying to exclude others. But it's really that people who are the most under resourced have the least amount of time and energy to put into learning something new, like they're basically trying to make do with what they have. So that could be true for, you know, an artist who has like a ton of like commission, where that could be true for a nonprofit that's already relatively under resourced and can barely keep up with like, the level of work and funding that they have now. Right. And so it's not necessarily intentional thing when people when people get left behind. But it's one of those things that's like, oh, it's nobody's fault and just ends up happening. But the thing is, we've seen that pattern history happen so many different times. And so it just felt like, I mean, granted steward is, you know, like, I don't think we're going to be the one that changes the game. But we wanted to be one example in which we can bring a few more people in, and maybe like, become a reflection point for a few different artists we work with for a few of the organizations we work with. And if nothing else, basically set up a model that kind of works, that maybe other projects could replicate.
The Bitboy Crypto Podcast
A highlight from XRP News: SEC Fight Continues!
"It's all going to zero. Sell everything. Alright, let's talk a little XRP. The main story here is the SEC appeal with XRP. There's a lot of moving parts. There's a lot of legal mumbo jumbo. We're going to try to sift through the noise and give you the real breakdown here. SEC seeks to file an appeal against XRP crypto case ruling. Here we have Gary Gensler looking at your tax records. The SEC has just announced plans to seek an interlocutory appeal against this July 13 court decision that Ripple Labs token is not a security when sold at crypto exchanges sold to retail. So we had one favorable ruling, one unfavorable ruling. They're obviously, they're appealing the one that they didn't like. So SEC said, hey, we don't like it when XRP isn't selling things as securities. They're fine. They didn't want to appeal, of course, anything working in their favor, but XRP is not looking good as far as the appeal goes. Well, let's talk about the grounds for appeal here. The SEC revealed that the appeal would be based on several grounds, including secret legal clarification on the evidence for differences of opinions. The attorney used judge Taurus or urge judge source to consider the impact an appeal will have on other lawsuits the commission is pursuing, especially in cases like SEC versus Coinbase, also probably SEC versus Binance US. The SEC wants the court to order a stay of proceedings during the upcoming appellate review. So they're saying, hey, you know how you ruled against us. Hey, we're, we're also like fighting all these other crypto companies. That's not a good look for us. I don't think the re the judge is really going to care about that though. The stance on cryptocurrency, the SEC views digital assets, such as cryptocurrencies as securities and has always claimed regulatory authority. The commission has seared over 100 enforcement actions against companies and ball crypto, where many culminated in alternative dispute resolution agreements, such as settling. They are known for settling. They're not known for taking something all the way to jury. If it does go to jury, this is my understanding, according to John Dean jury, if it goes to jury, we have second quarter of next year. Yes. Yeah. So we gearing up right around the having, I could see some bullish action if they do push it back that far. But the big takeaway here is ultimately that has a lot more to do with the SEC versus ripple, not the SEC versus XRP. There's not a lot they can do to suppress XRP at this time. They're not appealing. They can't appeal against the ruling by judge Torres that XRP is not a security. So anyone who's freaking out, wondering, Hey, is this, is this going to lead towards XRP getting overruled? That's not happening yet. I mean, that's obviously what Gary wants, but he has to stay within his legal framework. And that's not his option. We were saying this months ago, there's going to be a lot of back and forth with the football here. You know, we've started in 2020 in December and, you know, there's always like this huge decision landmark is going to be three months from now. And then it happens three months and it's like, Oh yeah, there's an appeal process. Yeah. And then there's like, Oh yeah, but now it's about to end and be like, Oh yeah, well now there's like an appellate court appeal process. Okay. So are there, are we done? No, no, no. There's one above that. And then it goes to Supreme court. There's always going to be a, you know, they're always going to kick the ball. All right. I just think the good news, I think the biggest takeaway here is this, what just happened should have no effect on stopping XRP from rallying this bull market. It might just delay Ripple's ability to go public and start getting all that stuff. They just got to clear all this stuff up first. That's the big takeaway here. XRP is safe. Yeah. Well, I think big institutions, they want more of a slam dunk win. And I don't think we have the slam dunk win yet. All right. Expressing here, we're going to talk about Deaton here, expressing his excitement about XRP being removed from the latest list of sec securities on coin gecko. Dean tweeted today, not on the list XRP. Deaton compared this development to how it began three years ago when the sec claimed that ripple sold over 14 .6 billion units of digital asset security. So there's the coin gecko list. We actually pulled it up early in the show. So it was no longer on there. There are still are some tokens on the list. BNB, Cardano, Solana, Tron, polygon, a ton coin, BUSD, Adam file coin, ICP, near algo sand, actually infinity mana or decentralized flow chilies. And it's not bit torrent. Is it? No, it is bit torn, not bit token bit torrent as well. So ripple CTO responded positively to this admission saying not on the list. Orange groves, live, live beavers, warehouse receipts for whiskey casks and XRP is a humorous reference to some of the other items sec has once tried to bring under its regulatory control, just like they want to stop Ethereum. They also try to stop live beavers and whiskey casks, man, and they always just go too far, don't they? Here we have Jeremy Hogan, breaking down Eleanor Terrence. She was on the show before. Yeah. ATB as well. Taurus says the court will seek to schedule a jury trial and the second calendar quarter of 2024. So April, May, June, 2024. They order both parties to submit blackout dates for trial by Wednesday, August 23rd. So Jeremy Hogan breaking it down. Individual defendants trial will begin around May 2024. That means final judgment in the case won't be entered until 2024. late summer At the earliest, any appeal would go well into 2025. The gloves on the other hand now delays are good for XRP and ripple. Would you agree that delays are good? Well, I mean, yeah, good. I don't know if I'd say good, but it's not detrimental. I think John Deaton made it really clear. They expected this. You said it. We expected this. No one's surprised by anything. And ultimately, again, this is more like a last ditch effort by SCC because they've lost and they know it. And they just don't like to wave the white flag because they want to try to still go after these other companies and coins. This is their only option. They had to do something in their eyes. Ripple prepares response as SCC asked for appeal permission. I think that's Deaton right there thinking of civil war battles. No, this is a chief legal officer. Stuart outer already, I think I'm saying it right, has responded to the recent announcement by the SCC regarding its intention to appeal judge towards his partial judgment that favored ripple. He asserts that SCC does not have the authority to launch an appeal to do so they're seeking the court's permission to proceed with what is known as this interlocutory appeal. Conversely, rebel plans to present its counter to the court filing in the coming week, a tweet from him elaborates on the matter saying SCC does not have the right to appeal just yet, which is why they're asking permission to file. Ripple will file his response within the court next week. Stay tuned. So it looks like this is not a normal thing that they filed this interlocutory appeal. And so they're asking for permission, and then they'll be granted permission or not and whether or not they can then file this appeal. And then ripple will have a their day in court as they get to appeal the appeal. And then here we go, you know, this topsy turvy thing for the next, I guess another six months, it looks like at this point, again, it's just a kick the can further down the road keep delaying because you don't want you want to waste taxpayer money and not admit defeat is what Gary's thinking right now. All right, stop spreading FUD. I don't think we don't know which part yet. Not yet. It's all going to zero sell everything. There you go. There you go. There's your fun. All right. I'm watching the chart. It's dropping the minute chart. It's down. All right, back to the SEC here. The SEC's pursuit of this appeal in the ripple case marks a pivotal juncture in the ongoing debate over XRP's classification. As regulatory continues, clarity continues to shape the crypto landscape. This case could potentially set a precedent for how other digital assets navigate their legal standing. That's why there's a lot riding on this. And that's why the SEC is fighting it so hard. They're saying, hey, this ruling is going to be used for other cryptocurrencies. So we can't have anything favorable for a crypto protocol has to be all negative. You got to be team SEC judge, come on. We got to fight these coins and prevent them from launching. That was Brad Garlinghouse. Thank you.
Tech Path Crypto
A highlight from 1208. SEC Desperately Appeals XRP| Gemini Lists XRP
"All right, so let's jump into XRP today, and of course, the biggest news in the market right now is all about Gary Gensler and what he's trying to do to get revenge. We'll break it all down for you today. It's going to be a good one. My name is Paul Baron. Welcome back into Tech Path. I want to jump into a little bit about how all this has been architected by the SEC and how this flows into maybe crypto in general, especially what's going to happen with Ripple. Before I do that, I do want to thank our sponsor, and that is iTrust Capital. You guys are looking to get into long -term trading and holding of your assets, and you want to put it in an IRA, this is the way to do it. Check out iTrust Capital. You can actually invest into XRP. You can go into all sorts of different assets over there as well. So check out that, and of course, if you want to jump into gold and silver, you can do that as well. Click the link down below. So if you do that, you get a $100 funding reward, all you have to use is our link down below. So check it out. It does help the channel. All right. So I wanted to hit on a couple of things here. First up is this tweet from Eleanor Teret. This is the Fox Crypto reporter. New, Judge Torres says the court will seek to schedule jury trial for the SEC Ripple case in the second calendar quarter of 2024. This is jury trial on the second part of the ruling, not the part where Ripple was deemed not a security. Torres ordered both parties to submit blackout days for trial by the 23rd, see full deadline schedule. So that kind of was part of the process here that was going on with the courts and with the SEC. All right. So this tweet, just kind of hitting on a little bit more of the potential of what might happen. This is huge in the appeal context, so long as the SEC does not attempt an interlocutory appeal or does, and it is denied. So there's a couple of things that could play into this. But the key here is, is that would go all the way into as far out as 2025. That's what really what have been the scenario for most analysts right now has been saying that's going to take a long time. You know, it's a federal court. There's a process. All these things happen. All right. So here it is. The interlocutory appeal and the process. There's a couple of things in here I want to hit on. Obviously, this goes to Judge Torres, a couple of things we highlighted here. And I think it's interesting because of the urgency in which the SEC is trying to get this done. Timely appellate review is particularly warranted right now. SEC is seeking expedient and efficient ultimate resolution of this litigation. I was surprised that that didn't surprise me in the sense that they would say, hey, we want to hurry this along. The question was, is when they want to do it. And further in the documents, as Ripple itself has accordingly proclaimed that the conclusion of the suit could take years, and then they go as far as using a Cointelegraph article for that as their submission of here's facts. Waiting for a final judgment means that should the court appeal, reverse or remand, this court would need to redo remedies, phase discovery and litigation, any intervening trial. So this would affect a lot of what's happening with the SEC and many of their cases as well. Further into the document, they kind of go in here talking about the review as appropriate. Order involves control and question of law as to whether there is substantial ground for a difference of opinion, meaning, hey, you could change your mind of where this might play out. And then right here is interesting, the order's rulings are of particular consequence to an issue of programmatic concern to the SEC enforcement of the securities laws and potentially to a large number of pending litigation. So Coinbase is one of them. You also see Binance Holdings also referenced and many others that are in here. So this is really a bad position for the SEC because, first of all, they've got to get this through the judge to get it done. Whether or not the judge even would, maybe there's a possibility the judge might allow this, but the likelihood of doing this in the timeframe that the SEC wants it done is the big question mark. And I think as we go further in the document, you'll see what they're asking for. Other distributions, at least one court has already held that the crypto asset issuer used the assets to incentivize users. This is talking about the library case. And really, when you think about it, the library case, well known already, is that these were not investment contracts and they're already jumping to that conclusion on this. Further into this document, it says, the review would advance the termination of this litigation in an efficient manner by removing the possibility of two remedies, phases, and two trials. So meaning what they're trying to do is hyperspeed this thing into the courts so they can potentially get this underway. And then last up is what really surprised me, respectfully proposes a briefing schedule whereby the SEC files its opening brief on August 18th, that's next week, okay, which is two days after the defendant's response to this letter due. Defendant's opposition is 14 days, therefore, after all these rules, September 1st of this year and the SEC's reply is due seven days thereafter on September 8th. So they're trying to get all of this in within 30 days. And I have not seen any of these kinds of scenarios play into, especially around a federal law case, federal law issue, is that kind of speed. So even if there is a scenario where this plays out from the judge and they say, okay, maybe I should reconsider, the likelihood, I still think the judge would push this into next year. Of course, that changes everything in a big way. Here was Deaton kind of chiming in a little bit on certain conditions right here. This is Judge Rakoff. This is the judge that was in the library case, were gratuitous and unnecessary. He could have easily distinguished the Tara case from Ripple case, and that was something that we've talked about here on the channel. Maybe that's why he's been reversed over 50 times, ouch. But objectively speaking on paper, Rakoff ruling does give the SEC's request for in an interlocutory appeal a bit more teeth. So there are some scenarios that play into this. We'll probably try to get Deaton on to talk about this, but this is in reality a lot of FUD that has been put into the market. And interesting it's to where this FUD is coming from. I'll talk about that in a minute. But here was Judge Torres, this is crypto law coming in again. Judge Torres and the Second Circuit will both have to agree, zoom in on that for you a little bit, that the SEC's arguments for why an interlocutory appeal should be allowed. So that in itself would be a lot to get that approved and agreed. So that is another factor that is another kind of hurdle that you have to leap. The SEC argues that Torres' ruling could impact its other lawsuits, of course, we know. But in this particular case, John's simply saying this is the weakest of the SEC's arguments and saying, hey, well, you know, it's going to affect a bunch of other stuff we have going. That argument would apply every single time the SEC or any other governmental agency loses a decision. So it's kind of silly in essence. And I think that's the scenario is this puts up the SEC in a really bad position of going at it with this kind of case. Rather than going at it with case law and all these other things, it's basically saying, hey, we think this is all happening. We've got all these other things, irons in the fire. All that plays into it to try to push and in essence bully the job. Here's another attorney jumping in on this. Scott Chamberlain. My bet Judge Torres denies the request. She studiously avoided new law. And then, of course, the SEC failed because the undisputed facts didn't support the Howey prongs for two of the three chosen transaction buckets, not because Judge Torres shifted the legal goalposts on the definition of those prongs. So maybe that is going to be the case. And if it is, that would be a stake in the heart, because now this could be utilized by all these other cases that are out there pending, including what's happening with Binance, Coinbase, et cetera. And now we would have a very, very bad look on the SEC itself, because even then the scenario of trying to get this back into trial would not have been the case. Here's Stuart Alderadi. He comes in. Remember, Alderadi is the attorney for Ripple. SEC does not have the right to appeal just yet, which is why they are asking permission to file this appeal. Ripple will file its response with the court next week. Stay tuned. So again, this is all pending. This is not an appeal that has been filed. This is just getting the right to appeal, which I think is the FUD that has been out there. Further into this, let's look at where Ripple and what they're doing. Hong Kong is now a high concentration, and Ripple, and we already know this, we've talked about it many times here on the show, of developers around blockchain and a lot of new investments happening over in Hong Kong, obviously, but they're excited, Ripple being excited to work with some new businesses over there and financial institutions, which we've said many times here on the show is that Asia is really starting to put some pressure on the Western countries moving in the right direction. You also have movement in Europe. Right here is France preparing to implement MICA crypto regulations, and they're looking at hyperspeeding this. Look at the date here that they're trying to pull this off. The country's financial regulator, AMF, announced that it's improving registration requirements for crypto firms, which will come into effect from January 1st, 2024. So MICA all moving in the right direction, Hong Kong still moving in the right direction, and you see what's happening here in the U .S. with this craziness with the SEC. So very interesting for sure. One other thing to be aware of is this headline right here, Ripple Joins BIS, Cross -Border Payments Task Force. This is a big deal because when you think about the globe and you look at payments in general, cross -border payments especially, Ripple has been pretty much a leader out there. The fact that they're coming in on the BIS, look at the task force members here. I'll zoom in on this a little bit so you can kind of see some of this. But you've got Paynet, this gets into payments, Canada, Ripple, of course, Swift is in here, Clearinghouse is in here, the Pan -Africa payment system is in here. So you've got a fairly significant. And then when you look at just the amount of exposure here within the BIS members, there's 63 jurisdictions in here that are ahead of this. So again, primary goal of the BIS is basically the international monetary and financial cooperation, mainly all banks and central banks communicating and working with each other. So that, again, shows the power and the strength of what Ripple is doing, and they continue to fight right here on the home front of where all this now. Does it make sense or does it really get into a lot with where XRP is going? Maybe not. Maybe all of this right now is just political theater. And if we do get a stablecoin passing, or if we do get something going at least on regulatory clarity for crypto in general, all of this starts to look very, very interesting in the future. Just timing here from this post from Gemini, I thought, man, this either is just by coincidence or it is a masterstroke in trolling the SEC. And this is, of course, Gemini launching. XRP is now available for deposit on Gemini. So I don't know, sometimes I think the Winklevoss twins are, they just, they have that about them that kind of goes in that direction. Anyway, if you guys are part of our diamond circle, congrats, but if you're not, make sure and jump in. It's a great place where you get additional podcasts. We also do a lot of additional research, TA, all that kind of stuff. You can catch it over on the diamond circle. It's free, and it's a great place to sign up. Just click the link down below. If you guys want to catch me, it is out there on Twitter, at paulbarrant.
Thinking Crypto News & Interviews
A highlight from SEC GARY GENSLER APPEALS RIPPLE XRP RULING! COINBASE BASE & MAXINE WATERS STABLECOIN REGULATION
"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 and the SEC versus Ripple lawsuit. So the SEC is looking to appeal some of the decisions from Judge Torres. Here James K. Filan or attorney James K. Filan, I should say, tweeted out the following SEC files letter outlining its basis for filing a motion for leave to file an interlocutory appeal regarding programmatic offers and sales to XRP buyers over trading platforms and Ripple's other distributions. He says the SEC seeking a stay of all proceedings pending appeal is not unexpected. So James actually spoke about this back in December 21st, 2022. And I think we all know the SEC was going to appeal, right? Because on one hand, even if they don't win the appeal, they want to do it from an optics standpoint. So they don't look weak because if they just took their loss and ran with it, the entire industry right now is really emboldened and feeling confident that they're going to be able to beat the SEC and the wins have been taken out of Gary Gensler's sales. Even Congress, members of Congress who have crypto bills like Patrick McHenry, Cynthia Lummis and these folks have been using this ruling to say, hey, we got to get crypto regulations pushed through, support my bill, right? We've seen those statements. So not surprised by this. Now something we need to keep in mind is that, look, as of right now, the law based on the ruling is that XRP intrinsically is not a security, secondary market sales are not a security. That's the law. What you're probably going to see tomorrow and over the next few days, a lot of fun. Ripples will be defeated. The SEC is coming back for XRP to make it a security, right? People are going to say a lot of negative things just expected, right? Could it click bait headlines? But this is where you leave your emotions to the side and you think about this logically. Now we have to see how things play out. I don't think the SEC has a strong case here. I think this is more for optics, but I could be wrong. But if we're looking at the possibilities or the percentages that are probabilities, I should say, of what scenario is to play out, I don't think the SEC has a strong case here. I think this ruling stands. Now here's Stuart Alder Roddy of Ripple. He's the chief legal officer. He tweeted out about this news. He said the SEC does not have the right to appeal just yet, which is why they are asking for permission to file an interlocutory appeal. Ripple will file its response with the court next week. Stay tuned. So of course, Ripple is going to push back on this, right? So this is not a done deal that they can just appeal. Like he said, they don't have the right to, but they're going to ask for permission to appeal. So that's an important factor there. Here attorney Jeremy Hogan said, and the SEC continues to make questionable decisions requesting an interlocutory appeal. Note that it is not appealing whether XRP itself is a security, just its losses on the programmatic and individual sales issues. So interesting thoughts here. Now one of the folks replied to Jeremy's tweet and said the Torres ruling on XRP programmatic sales is what led to XRP being a non -security and crypto exchanges relisting XRP, is in challenging programmatic sales, the functional equivalent of challenging the non -security status of XRP. That's a great question. Jeremy said two separate issues, XRP is not a security period, but if the SEC wins the appeal on sales, then Ripple couldn't use exchanges to facilitate sales. And the big question would exchanges keep XRP listed? He said, I think yes, as long as they can verify sales are not being made by Ripple. So to recap, the SEC is not appealing that XRP itself intrinsically is not a security. I think they would absolutely lose that, right? Because it goes back to the orange groves and oranges themselves were not securities in the Howey test. It was the packaging, how Howey put together that investment scheme, but they are going after those exchange sales. And I don't think they're going to win it, but they have the right to appeal. Well, I should say they can appeal, but they have to ask for permission as Stuart said. So let's see where things go. Ellie Tourette of Fox Business, she said the following, from everything I've learned about interlocutory appeals from brilliant legal minds in this space, they are notoriously tricky to get approved. The SEC will need to get blessings from both Judge Torres and the Second Circuit in order to do for this to be granted.
Thinking Crypto News & Interviews
A highlight from BIG CRYPTO NEWS! PAYPAL STABLECOIN ON ETHEREUM, BILL HINMAN SEC INVESTIGATION & RIPPLE XRPL CARBON MARKETS
"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, so I can certainly vouch for this platform. 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, the big news of the day is, of course, PayPal launching their U .S. dollar stablecoin on the Ethereum blockchain. This is massive, massive news. PayPal is a giant company, a well -known brand existed before crypto, of course, and they are building on the Ethereum blockchain. So there are multiple impacts to the crypto industry and market here. One further validation that the technology solves real world problems. You have a big name like PayPal adopting it further gives credibility to the crypto industry and the asset class. It will help usher in more capital from institutional investors and obviously more retail will enter the market. So let me give you some details here. PayPal launches U .S. dollar stablecoin pay USD, which is, well, the ticker symbol is PYUSD is designed to contribute to the opportunity stablecoins offer for payments and is 100 % backed by U .S. dollar deposits, short term U .S. treasuries and similar cash equivalents. PayPal USD is redeemable one to one for U .S. dollars and is issued by Paxos Trust Company. Now, remember, Paxos was the one working with Binance to launch BUSD. In fact, I interviewed the co -founder and CEO of Paxos last year, Charles Cascarilla. You can definitely check out that interview. And Paxos is a regulated entity. Now all of a sudden, six months later, Paxos was green lighted to, of course, manage issue and manage the PayPal stablecoin. Funny how that works out, right, guys? So they said here, starting today and rolling out in the coming weeks, eligible U .S. PayPal customers who purchase PayPal USD will be able to, one, transfer a PayPal USD between PayPal and compatible external wallets, send person to person payments using PYUSD, fund purchases with PayPal USD by selecting it at checkout, convert any of PayPal supported cryptocurrencies to and from PayPal USD. So another on and off ramp. And remember, PayPal already offers the ability to buy and sell crypto via the PayPal app as well as the Venmo app. So this is huge, guys. Once again, further validation, massive adoption here, very bullish. And, you know, one of the things I was talking about today and I was tweeting about it, we're seeing some big news items coming out here that it's almost priming for a pump. Right. And Bitcoin has been moving sideways for a long time. Kind of boring. It needs some sort of catalyst to drive it either up or down. So there's no guarantee which way it's going to go. We'll have to wait and see. But this news is almost looking like a primer for a move upwards for Bitcoin to continue its retracement. Now, some are calling for new all time highs this year. I hope it happens, but I'm going to default to how Bitcoin has played out historically. So here's a quote from Dan Schulman, the president and CEO of PayPal. The shift towards digital currencies requires a stable instrument that is both digitally native and easily connected to a fiat currency like the U .S. dollar, said Dan Schulman, president and CEO of PayPal. Our commitment to responsible innovation and compliance and our track record delivering new experiences to our customers provides the foundation necessary to contribute to the growth of digital payments through PayPal USD. And it continues here, the article, which and this is really insightful. It says, building the bridge between Fiat and Web three for consumers, merchants and developers, PayPal USD will be available to consumers, merchants and developers to seamlessly connect fiat and digital currencies as the only stable coin supported within the PayPal network. PayPal USD leverages PayPal's decades long experience in payments at scale, combined with the speed cost programmability of block chain protocols as an ERC 20 issued token on the Ethereum block chain, PayPal used or PayPal USD will be available to an already large and growing community of external developers, wallets and Web three applications can be easily adopted by exchanges and will be deployed to power experiences within the PayPal ecosystem. Folks, big things are happening. I hope you recognize what is taking place here right before your eyes and what's on the horizon. What's going to take place here? Game theory, expect more players to come out with their versions of the stable coins or their stable coin, and I tweeted about it. I expect the stable coin wars to heat up, folks. And I tweeted about this in October of twenty twenty two. My predictions about what's going to happen this year and I said, expect stable coin wars to heat up next year. It wouldn't surprise me if the U .S. government was to select like Circles USDC for their digital dollar. And right now, Tether is the largest stable coin in the market. USDC is the second largest. But boy, expect P .Y. USD to jump up there because PayPal has millions of customers and they can easily get a lot of adoption overnight right in a very short period of time. And they have a trusted brand. People recognize it. They will want to use it. So huge, huge news. And one of the things I tweeted about is I'm curious if Elon Musk, he's going to create a stablecoin for X. Some people said he said he won't do that. But look, he could change his mind or he's going to use PayPal's stablecoin, given he was one of the founders of PayPal. That's where his pedigree is, right? Payments. And that's what he's trying to do with X. So this is has a lot of implications, guys, and very bullish for the market. Here's what Patrick McHenry, the House Financial Services chairman, one of the gentlemen who put out crypto regulations and much more. He said this announcement is a clear signal that stablecoins, if issued under a clear regulatory framework, hold promise as a pillar of our 21st century payments system. So big statements there, folks. Now, Chainlink God, many of you may follow this handle, did a great summary on why this is a big deal. So he said he did a whole thread. He said, why does PayPal launching a stablecoin P .Y. USD on Ethereum matters? First, P .Y. USD shows there's a clear demand from financial services companies to tokenize assets on blockchain. Tokenizing dollars is the most straightforward asset to tokenize and is directly relevant for payment processors like PayPal. PayPal has a majority share of online payment processing with 40 million plus transactions processed per day, over 400 million plus active users globally and 30 million plus merchant accounts. PayPal launching their stablecoin legitimizes crypto Web3 and stablecoins for normies and regulators. The fact that PayPal is issuing P .Y. USD on a public or the public Ethereum blockchain instead of a private PayPal chain shows the power of network effects. Folks, that is key. It goes back to what we've talked many times about and even I've shared thoughts from David Schwartz of Ripple. Wall gardens, you know, they're they're fine, but don't expect the public and people to use it, right, because it's just another centralized ledger. And we've seen JP Morgan try it with JPM coin. But who the hell is going to want to use it? It's a wall garden. So private blockchains will exist. That's fine. You can do your private blockchain, but that doesn't mean it's going to get mass adoption. And as Chainlink got highlighted here, network effects, Metcalfe's law, right, folks, the more adoption a network gets, the more participants, more builders, the stronger it becomes, the more valuable it becomes. So he said here, no doubt they will expand to other chains as well as other stablecoins have to obtain more market share. So we know USD and UST together, you know, they're on multiple blockchains. Expect P .Y. USD to do the same thing. He said the market cap of all stablecoins is over one hundred and twenty two billion dollars, peaking at one hundred and eighty billion a year ago. While amount circulating has downtrended during the bear market, it has held up much better than the price of most tokens or total value loss of most decentralized applications. The demand is sticky and P .Y. USD could be a major growth factor. Stablecoins are fundamentally a superior version of fiat, digitally native, programmable, low fees, fast settlement, zero borders, permissionless to transact in. Is this just the very beginning of PayPal stepping into Web3, which shares many of the same properties? Folks, I think so. I think they're going to do a lot more. So he continues here. But I want to just share some some of the thoughts. You know, this is a pretty long thread. So bullish news, bullish news for the market, whether you hold Ethereum or not. But I hold ETH. I've been holding ETH for a long time. I diversify. My number one holding is XRP. My number two is Bitcoin. My number three is Ethereum. And I stake ETH and I earn passive rewards. So great news here. Now, folks, speaking of Ethereum, we got some big news. We all know Bill Hinman and Jay Clayton did the backroom deal with Ethereum folks, Joe Lubin and Vitalik. Right. And Ethereum got the free pass. It was through the speech of Bill Hinman that Ethereum was said to not be a security. And that, of course, gave it an unfair advantage over the rest of the altcoins in the market. But we know this was an under the table backroom deal corruption. Right. I don't want to rehash all the details. You guys all know this. Well, Stuart Aldorati of Ripple, he's the chief legal officer. He tweeted out something very interesting today. And I couldn't believe it when I first read it. But he said, Crypto critic, ex SEC official John Reed Stark, who has blocked me, by the way, says there should be an investigation to Bill Hinman. This is a this is broader than Ripple. There could potentially be serious conflicts of interest by a government official. An investigation will either put it to rest or hold folks accountable. So even someone who is a critic of crypto, John Reed Stark, and he blocked me because I used to I share a lot of facts with him. He didn't like that. But even he can agree. Yeah, this does not look good. Yeah, of course. Anybody with a normal sense of logic and reasoning can see something is fishy here. And I think Jay Clayton should be investigated to these two corrupt government officials. Obviously, they're not at the SEC anymore. And it's funny, I often criticize both of them, especially Jay Clayton. He's the chairman. He rubber stamped everything. Then he filed a lawsuit against Ripple and ran out the SEC door the next day. Then he goes to work for a crypto company. These guys are scumbags. Right. They're supposed to have integrity. And serve the people. They're there, you know, working in government, using the taxpayer dollars. And yet they're doing all kinds of nonsense like this. But guys, I hope I hope Congress and some folks in the House Financial Services Committee take action and they, you know, go ahead and launch an investigation. I think we deserve that. And look, big shout out to John Deaton, who's been beating the drum on this for a long time and as well as the people at Empire Oversight, the nonprofit whistleblower organization, which did a lot of FOIA requests, sue the SEC to get the Hinman documents, emails and much more. And of course, we saw they were colluding with Joseph Lubin and Vitalik and much more. Right. So John Deaton did a full post on this. I'm not going to read through everything, but essentially saying, look, if crypto is going to stand back, Mifrides and Alex Mashinsky, we need to be held accountable. The cleanup includes the unelected bureaucrats who sold out. Well put, John. And look, people call John a scammer. They called him a liar. They call him a conspiracy theorist. But he was right all along. And the folks at Empire Oversight got a lot of the information, all the facts that we were looking for. And we know a lot of people who were attacking John were those trying to cover it up because they knew what happened. But the truth will come out. Everything done in darkness will be brought to light, folks. So I'm hoping Congress launches an investigation in order for us to get that. We have to keep using social media. We have to keep contacting a representative. So if you're not on Twitter, please get on Twitter. Follow me. Start retweeting John, myself, all these all these facts that we're putting out there to get the attention of Congress and to hold these folks accountable. Now, let's move ahead. Ripple and Rocky Mountain Institution are proud founding partners of Centragate Earth, a new open data platform that brings increased transparency, trust and integrity to carbon markets. Centragate powers the next evolution in carbon markets. So the TLDR here is there's a lot of tokenization on blockchains around carbon credits. And Ripple is working with different folks to get this done. And of course, the XRP ledger will be a solution for for these folks to do that. You know, they highlight that here in the article. Ripple, for example, they said Ripple and other industry players recognize that blockchain can be a catalytic tool for helping global carbon markets reach their full potential. As its core, blockchain enables more efficient transactions. Unlike proof of work blockchains, the open source blockchain technology that ripples that powers Ripple solutions, the XRP ledger is natively sustainable, requiring low amounts of energy and no cryptocurrency mining. The XRP ledger is the first major blockchain to achieve net zero status through the purchase of renewable energy for its remaining energy use. So pretty clear the goal here and with tokenization. So that's big unlocking new utility and use cases, folks. Now, we got news here of a new crypto fund about to launch. So CF Private Equity is building a blockchain fund. It appears to be the first fund dedicated specifically to blockchain investments for the business. So we're seeing all the TradFi hedge funds, investment firms, they're launching crypto funds. Of course they are. Right. We saw it with Paul Tudor Jones and Stan Druckenmiller and the list goes on and on and on. So the firm known as Common Fund Capital, prior to a rebrand at the beginning of this year, has hinted at its crypto interests since 2018. But CF Private Equity, according to an SEC filing from the beginning of August, is preparing to launch what appears to be the first fully digital asset private equity venture. The move is perhaps the most telling indicator yet of the firm's crypto ambitions. The vehicle's filing indicated an expected fund raise of one hundred million dollars. But it's possible the disclosed figure only pertains to the fund's first close. A spokesperson for the company declined to comment when reached. Folks, again, I know I ask this and I say this a lot. Do you see what's happening? Right. Watch what they do, not what they say. I see a lot of capital flowing in this market. I see building and adoption funds being launched, and that makes me very bullish. Now, let's end it with some news here. We started the podcast with some news about stable coins. Now we got some news around Huobi. So Huobi dismisses plunging stable coin reserves as FUD. Exchange spokesperson refuted claims that any team members have been detained by Chinese authorities. In my opinion, Huobi seems like a dying company. It's connected to Justin Sun, with Tron and much more. Look, I would stay away from Huobi, folks, and Justin Sun. I don't know what that dude is up to. I've just seen a lot of shady activity from him. So following speculation that Chinese officials detained some Huobi executives, the crypto exchanges stable coin reserves have dwindled as much as 34 percent in the past week. Local Chinese media reported that law enforcement detained at least three Huobi executives. Allegedly, some employees were sent an urgent notification advising them to depart the country at the earliest. Adam Cochrane, a partner of Sinem Hain Ventures, relayed information. He alleges came directly from a high ranking executive at Tron, stating that team members were facing a criminal probe tied to the activities associated with Huobi. So we'll see, folks. Things are not looking too good here. If you are a user of Huobi, I would highly recommend you be very careful here. You know, I would avoid this platform at all costs, guys. There's something happening here where there's smoke that expires, so please be careful. All right, folks, that's the news. Please be sure to check out my interview with Brock Pierce. He's a crypto OG and legend. Guys, we talk about everything. He's one of the co -founders of Tether. So, you know, he has great perspectives on the crypto market. Be sure to check out that interview as well. And let me know what you think about the PayPal news. I think this is very bullish for the crypto market. And we're going to see stablecoin wars heat up. We're going to see game theory play out other. Look, I wouldn't surprise me tomorrow if Amazon launch a stablecoin and they call it Primecoin, right? Because they already have Amazon Prime. Guys, the future is bright for this market. Ignore the FUD. Be prepared for the volatility that just comes with the market, but that swing, the swings that go very low also go very high, my friends, and it allows you to make money. But you got to be patient and you have to know when to enter the market and when to exit when there's blood on the streets and fair, you buy the dip dollar cross average when there's euphoria and everybody and your Uber driver and grandma are telling you about Bitcoin. That's the time to sell. We've we've seen this, right? If you've been here multiple times for multiple bull markets and bear markets, you know the deal. For those of you who are new, you got to put your emotions to the side. You got to spend time researching and educate yourself. That's super important. All right, folks, let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button, hit the five star rating, and I'll talk to you all later.
Tech Path Crypto
A highlight from 1192. Gensler Asked To Delist All Crypto From Coinbase
"All right. So welcome in today. We're going to dive into, I think, a topic you guys see a lot here on our show, and that is talking about Mr. Gensler, the chair of the SEC, and his now new potential pressure on Coinbase. But is there something else going on? So we're going to break that down for you. I think we have an interesting show for you lined up today. My name is Paul Barron. Welcome back into Tech Path. Before we get started thanking our sponsor, and that is iTrustCapita, if you guys are looking at long -term holding, check over onto iTrustCapita. Did you know that they were one of the first that relisted XRP? And of course, you can actually put XRP in your long -term IRA, your crypto IRA. So check it out. If you're looking at gold, silver, any altcoins you can imagine, all of that can be managed within the app. And the cool thing, no monthly fees. You just pay for your active trades. That's the way it works. Whether you have a current existing IRA, or maybe you want to start one, all of that can happen over on iTrustCapita. Just check it out. Just click the link down below. It does help the channel out. All right, so let's get into a couple topics here. I want to play this video right here by Stuart Alderati. This is a good one. Listen in. What do digital assets have to do with orange groves, barrels filled with whiskey, pay phones? Who remembers those? And beavers? Well, it turns out a lot. None of those things, standing alone, are securities. But any one of them can be packaged into a contract for an investment that may be a security. Let me break this down a bit. The law lists a bunch of things that are securities. That list includes things you ordinarily think of, like a share of stock. Why is a share of stock always a security? If you own a share of stock in, let's say, Apple, Apple owes you a fiduciary duty, and you can hold Apple accountable if they don't fulfill those obligations. That's true no matter how you bought the stock or who sold it to you. But the law also includes something called an investment contract. One thing I'm getting at here with this one is the fact that Stuart Alderati, obviously the legal counsel for Ripple in that case, and really what's happening here, is he's trolling Gensler. These kinds of videos that he was just doing are almost carbon copies of what Gary Gensler is doing when he's explaining crypto scams to investors. And I think that's the that counter XRP and Ripple are about to do. Now, the question is whether or not Coinbase is also pulling a little bit of this. So here's the story. Coinbase CEO says SEC told it to delist everything but Bitcoin. And this actually happened earlier in the month. The reason that I think it's interesting that it's coming back is I think this is something that Coinbase is actually re -energizing back into the market to show just how ludicrous and how crazy the SEC has become, especially now on losing to a certain extent the case against Ripple. At the time, the SEC reportedly said it believes every asset other than Bitcoin is a security set Armstrong. We said, how are you coming to that conclusion? Because that's not our interpretation of the law. Obviously, neither is it of the interpretation of the courts, which is the biggest issue here. Of course, within that, you've got metal lawmen. Why is the Supreme Court as a major questions doctrine? This is political appointees of executive branch agencies do not have authority to eradicate an entire industry, which is what he's talking about under what they call the MQD. Congress gets to decide the big policy questions like how crypto will be regulated. This isn't meaning basically what metal lawmen is talking about there. It's not up to Gensler. It's really up to our lawmakers. And all of that is usually done through the court system. That has already spoken. And of course, this is all now starting to play into the hands, I think, to where finally Coinbase may be on the offensive here, meaning they're injecting this back into the populace. If you look at the video that was done on this, this was actually the video by The Wall Street Journal quite a bit ago. Listen to what they said. And you know, fast forward, you know, a year later, we started to hear some conflicting statements from the SEC, the CFTC. Generally, when we hear updated information from regulators, we go in and we talk to them, we say, great, if the rules have changed, how can we adjust? And, you know, an example of that was they said XRP we think might be a security. We said, OK, we want to act in good faith. We'll delist it. We don't know if it's a security or not. And that court case is still playing out. But, you know, we want to be collaborative and work with regulators. And then something shifted about a year ago. A totally different tone started to happen. And we kind of got this information from the SEC that, well, actually, we think everything other than Bitcoin is a security. And we kind of said to ourselves, well, that's not our understanding of the law. You know, how are you coming to this conclusion? And we were sort of met with silence, right? We did a series of meetings with them, probably 30 meetings over the last 12 months, where they asked us every question under the sun. We told kind of them everything we could about our business. But we didn't really get clarity from them about how we could come in and register, which assets they had a concern with, why there's contradictory statements between them. All right. So this was the video that was done by The Wall Street Journal, that interview with Brian Armstrong, CEO of Coinbase. If you're brand new to our channel, maybe you're brand new to crypto. What's happened here is Coinbase got a Wells notice basically from the SEC saying, hey, wait a minute, you know, you're selling unregistered securities. You said maybe it's all things that you're selling. So essentially they kind of told Coinbase to just stop doing business. In essence, after they had approved an IPO, if you know what an IPO is, that's a publicly listed company now that has investors in the stock, which is coin. So if you're trying to protect investors in a scenario that you've already approved the IPO in which they showed you the business model and explained what they do, and now coming back in on this, it really does make as though there is a hidden agenda, I believe here obviously with Gary Gensler. The interesting thing is that this resurfaced. This video, this topic resurfaced back into the narrative. I think it is Coinbase putting a lot more political pressure on Mr. Gensler. And this, I think, comes at a very interesting time because we are also moving in to where we're getting some regulatory framework that's going to the House floor. A lot of policymakers, lawmakers are in the midst of doing a lot of interviews, requests for information, all these sorts of things that they're essentially going to go to the floor of the House with to possibly send a crypto regulation through the House and into the Senate. So a lot playing out very interestingly. This, of course, was from Woo Blockchain. It says, US SEC asked Coinbase to halt trading on all cryptocurrencies other than Bitcoin prior to suing the exchange, about more than 200 tokens it offers. So again, back to my point of that it is a scenario where the SEC pretty much just said, okay, you're a publicly traded company and we're going to just lock you down and tell you can't do business anymore, even after we've approved you and essentially set you up to go out and get investors on the New York Stock Exchange and go out and sell a token called coin, which is a registered security. Further in this, SEC warns accountants. This is interesting. Now the SEC is saying, hey, wait a minute, accountants don't partake in any mislabeled audits for crypto exchanges. So now they're telling the finance community to not do business with these organizations, these exchanges. And in the article, this is very interesting because this is quite a bit of overreach. US Securities Exchange says, issued a warning to accountants this week, cautioning them not to partake in misrepresented audits. Crypto exchanges and other digital asset companies have been tapping into accounting firms for review of their business and then passing those partial reviews off as audits. As accounting firms increasingly engage in sort of non -audit work, risk misleading suggested that alternative non -audit arrangements with parity even more precise than the financial statement audits. Such suggested are false. Non -audit arrangements are neither rigorous nor comprehensive as financial statements. Here's my question. If you're investing in anything, now most of the time if you're going into a private business, an audit is worth it from a third party. You're going into companies that are just saying, hey, here's from our accounting company, here's our current P &L, which have been audited. Those are not big claims that I think a lot of people would look at and say, I'm going to invest in that because it has audited P &Ls. This is the thing that I think and I find a huge overreach by the SEC. And in fact, the SEC commissioners find that it's an overreach as well. Here's Hester Pierce criticizing the SEC's warning to accounting firms to work with crypto. Again, this is where it gets really interesting that the SEC has so much infighting and so much disagreement within the commissioners. Now this only tells me one thing. This is a political landscape now in full force. It is no longer enforcement by litigation now or even just by issuing Wells notices, etc. This is now, I think, a true political landscape. Within this article, it says certain crypto asset trading platforms with other crypto industry have marketed to investors or retention of third parties, sometimes accounting firms to perform some part of a review of certain parts of their business, often presented and purported as audits. This is kind of where they were going. This was very similar to this previous article that we talked about. The point is that I think that they're getting into this and this is where she's talking about this. Crypto platforms and their account should be clear about what proof of reserves is and isn't with customers and should understand the limitations. Why would you want to discourage good faith efforts to provide more transparency? So what they're simply saying is these kinds of financial things are third party. These are accountants going in looking at the books and, yes, this is good. Where it gets interesting is if you could say, give me proof of reserves. Now you've got something that's a huge transparent opportunity and anybody that gives you real proof of the reserve is a good guy because they're clearly saying, hey, we're fine with it. This is all of our Bitcoin that's backed up all of our customers' Bitcoin. You get into commingling funds, those kind of things that are really the problem that most of these issues have faced. And when you think about this and you look at back at what happened with just FTX, had Gensler been this aggressive with FTX, imagine the amount of investors he would have saved. That's right. That's the SEC's job is to save investors. So just by being able to, if they had just filed a notice, if they went and said, hey, we're going to go in and prosecute, you know, Sam Bankman Free, if we're going to go in and start to question these kinds of practices, even though they're not a U .S.-based country, but they're doing business in the United States, obviously with the FTX -US platform. That never happened. So why is it that that who, of course, we already know the, you know, the run behind what SPF and Gensler had in terms of potentially political ploys, that is a scenario that I think will continue to haunt Gensler overall. There was, of course, mental lawman coming in. This was a three -judge panel of D .C. Circuit. Just invalidated an SEC order on grounds it was an arbitrary and capricious. This is again more of this situation where, though, and this actually came in from Eric Bakunas last week that we were noticing, but the point is this arbitrary and capricious. This language has been looked at and this is all referencing the treatment of spikes, which was a futures trade that kind of played into this. And the scenario that I think is showing up now is there seems to be a pattern coming into this around the SEC, and that is that the courts are not agreeing with the process in which they're doing this, and nor do they think they have a good position from a legal standpoint. So again, obviously, that was why we saw the play out there with Judge Torres with the Ripple case.
Tech Path Crypto
A highlight from 1190. Gensler Asked To Delist All Crypto From Coinbase
"All right. So welcome in today. We're going to dive into, I think, a topic you guys see a lot here on our show, and that is talking about Mr. Gensler, the chair of the SEC, and his now new potential pressure on Coinbase. But is there something else going on? So we're going to break that down for you. I think we have an interesting show for you lined up today. My name is Paul Barron. Welcome back into Tech Path. Before we get started thanking our sponsor, and that is iTrustCapita, if you guys are looking at long -term holding, check over onto iTrustCapita. Did you know that they were one of the first that relisted XRP? And of course, you can actually put XRP in your long -term IRA, your crypto IRA. So check it out. If you're looking at gold, silver, any altcoins you can imagine, all of that can be managed within the app. And the cool thing, no monthly fees. You just pay for your active trades. That's the way it works. Whether you have a current existing IRA, or maybe you want to start one, all of that can happen over on iTrustCapita. Just check it out. Just click the link down below. It does help the channel out. All right, so let's get into a couple topics here. I want to play this video right here by Stuart Alderati. This is a good one. Listen in. What do digital assets have to do with orange groves, barrels filled with whiskey, pay phones? Who remembers those? And beavers? Well, it turns out a lot. None of those things, standing alone, are securities. But any one of them can be packaged into a contract for an investment that may be a security. Let me break this down a bit. The law lists a bunch of things that are securities. That list includes things you ordinarily think of, like a share of stock. Why is a share of stock always a security? If you own a share of stock in, let's say, Apple, Apple owes you a fiduciary duty, and you can hold Apple accountable if they don't fulfill those obligations. That's true no matter how you bought the stock or who sold it to you. But the law also includes something called an investment contract. One thing I'm getting at here with this one is the fact that Stuart Alderati, obviously the legal counsel for Ripple in that case, and really what's happening here, is he's trolling Gensler. These kinds of videos that he was just doing are almost carbon copies of what Gary Gensler is doing when he's explaining crypto scams to investors. And I think that's the that counter XRP and Ripple are about to do. Now, the question is whether or not Coinbase is also pulling a little bit of this. So here's the story. Coinbase CEO says SEC told it to delist everything but Bitcoin. And this actually happened earlier in the month. The reason that I think it's interesting that it's coming back is I think this is something that Coinbase is actually re -energizing back into the market to show just how ludicrous and how crazy the SEC has become, especially now on losing to a certain extent the case against Ripple. At the time, the SEC reportedly said it believes every asset other than Bitcoin is a security set Armstrong. We said, how are you coming to that conclusion? Because that's not our interpretation of the law. Obviously, neither is it of the interpretation of the courts, which is the biggest issue here. Of course, within that, you've got metal lawmen. Why is the Supreme Court as a major questions doctrine? This is political appointees of executive branch agencies do not have authority to eradicate an entire industry, which is what he's talking about under what they call the MQD. Congress gets to decide the big policy questions like how crypto will be regulated. This isn't meaning basically what metal lawmen is talking about there. It's not up to Gensler. It's really up to our lawmakers. And all of that is usually done through the court system. That has already spoken. And of course, this is all now starting to play into the hands, I think, to where finally Coinbase may be on the offensive here, meaning they're injecting this back into the populace. If you look at the video that was done on this, this was actually the video by The Wall Street Journal quite a bit ago. Listen to what they said. And you know, fast forward, you know, a year later, we started to hear some conflicting statements from the SEC, the CFTC. Generally, when we hear updated information from regulators, we go in and we talk to them, we say, great, if the rules have changed, how can we adjust? And, you know, an example of that was they said XRP we think might be a security. We said, OK, we want to act in good faith. We'll delist it. We don't know if it's a security or not. And that court case is still playing out. But, you know, we want to be collaborative and work with regulators. And then something shifted about a year ago. A totally different tone started to happen. And we kind of got this information from the SEC that, well, actually, we think everything other than Bitcoin is a security. And we kind of said to ourselves, well, that's not our understanding of the law. You know, how are you coming to this conclusion? And we were sort of met with silence, right? We did a series of meetings with them, probably 30 meetings over the last 12 months, where they asked us every question under the sun. We told kind of them everything we could about our business. But we didn't really get clarity from them about how we could come in and register, which assets they had a concern with, why there's contradictory statements between them. All right. So this was the video that was done by The Wall Street Journal, that interview with Brian Armstrong, CEO of Coinbase. If you're brand new to our channel, maybe you're brand new to crypto. What's happened here is Coinbase got a Wells notice basically from the SEC saying, hey, wait a minute, you know, you're selling unregistered securities. You said maybe it's all things that you're selling. So essentially they kind of told Coinbase to just stop doing business. In essence, after they had approved an IPO, if you know what an IPO is, that's a publicly listed company now that has investors in the stock, which is coin. So if you're trying to protect investors in a scenario that you've already approved the IPO in which they showed you the business model and explained what they do, and now coming back in on this, it really does make as though there is a hidden agenda, I believe here obviously with Gary Gensler. The interesting thing is that this resurfaced. This video, this topic resurfaced back into the narrative. I think it is Coinbase putting a lot more political pressure on Mr. Gensler. And this, I think, comes at a very interesting time because we are also moving in to where we're getting some regulatory framework that's going to the House floor. A lot of policymakers, lawmakers are in the midst of doing a lot of interviews, requests for information, all these sorts of things that they're essentially going to go to the floor of the House with to possibly send a crypto regulation through the House and into the Senate. So a lot playing out very interestingly. This, of course, was from Woo Blockchain. It says, US SEC asked Coinbase to halt trading on all cryptocurrencies other than Bitcoin prior to suing the exchange, about more than 200 tokens it offers. So again, back to my point of that it is a scenario where the SEC pretty much just said, okay, you're a publicly traded company and we're going to just lock you down and tell you can't do business anymore, even after we've approved you and essentially set you up to go out and get investors on the New York Stock Exchange and go out and sell a token called coin, which is a registered security. Further in this, SEC warns accountants. This is interesting. Now the SEC is saying, hey, wait a minute, accountants don't partake in any mislabeled audits for crypto exchanges. So now they're telling the finance community to not do business with these organizations, these exchanges. And in the article, this is very interesting because this is quite a bit of overreach. US Securities Exchange says, issued a warning to accountants this week, cautioning them not to partake in misrepresented audits. Crypto exchanges and other digital asset companies have been tapping into accounting firms for review of their business and then passing those partial reviews off as audits. As accounting firms increasingly engage in sort of non -audit work, risk misleading suggested that alternative non -audit arrangements with parity even more precise than the financial statement audits. Such suggested are false. Non -audit arrangements are neither rigorous nor comprehensive as financial statements. Here's my question. If you're investing in anything, now most of the time if you're going into a private business, an audit is worth it from a third party. You're going into companies that are just saying, hey, here's from our accounting company, here's our current P &L, which have been audited. Those are not big claims that I think a lot of people would look at and say, I'm going to invest in that because it has audited P &Ls. This is the thing that I think and I find a huge overreach by the SEC. And in fact, the SEC commissioners find that it's an overreach as well. Here's Hester Pierce criticizing the SEC's warning to accounting firms to work with crypto. Again, this is where it gets really interesting that the SEC has so much infighting and so much disagreement within the commissioners. Now this only tells me one thing. This is a political landscape now in full force. It is no longer enforcement by litigation now or even just by issuing Wells notices, etc. This is now, I think, a true political landscape. Within this article, it says certain crypto asset trading platforms with other crypto industry have marketed to investors or retention of third parties, sometimes accounting firms to perform some part of a review of certain parts of their business, often presented and purported as audits. This is kind of where they were going. This was very similar to this previous article that we talked about. The point is that I think that they're getting into this and this is where she's talking about this. Crypto platforms and their account should be clear about what proof of reserves is and isn't with customers and should understand the limitations. Why would you want to discourage good faith efforts to provide more transparency? So what they're simply saying is these kinds of financial things are third party. These are accountants going in looking at the books and, yes, this is good. Where it gets interesting is if you could say, give me proof of reserves. Now you've got something that's a huge transparent opportunity and anybody that gives you real proof of the reserve is a good guy because they're clearly saying, hey, we're fine with it. This is all of our Bitcoin that's backed up all of our customers' Bitcoin. You get into commingling funds, those kind of things that are really the problem that most of these issues have faced. And when you think about this and you look at back at what happened with just FTX, had Gensler been this aggressive with FTX, imagine the amount of investors he would have saved. That's right. That's the SEC's job is to save investors. So just by being able to, if they had just filed a notice, if they went and said, hey, we're going to go in and prosecute, you know, Sam Bankman Free, if we're going to go in and start to question these kinds of practices, even though they're not a U .S.-based country, but they're doing business in the United States, obviously with the FTX -US platform. That never happened. So why is it that that who, of course, we already know the, you know, the run behind what SPF and Gensler had in terms of potentially political ploys, that is a scenario that I think will continue to haunt Gensler overall. There was, of course, mental lawman coming in. This was a three -judge panel of D .C. Circuit. Just invalidated an SEC order on grounds it was an arbitrary and capricious. This is again more of this situation where, though, and this actually came in from Eric Bakunas last week that we were noticing, but the point is this arbitrary and capricious. This language has been looked at and this is all referencing the treatment of spikes, which was a futures trade that kind of played into this. And the scenario that I think is showing up now is there seems to be a pattern coming into this around the SEC, and that is that the courts are not agreeing with the process in which they're doing this, and nor do they think they have a good position from a legal standpoint. So again, obviously, that was why we saw the play out there with Judge Torres with the Ripple case.
Tech Path Crypto
A highlight from 1190. Gensler Asked To Delist All Crypto From Coinbase
"All right. So welcome in today. We're going to dive into, I think, a topic you guys see a lot here on our show, and that is talking about Mr. Gensler, the chair of the SEC, and his now new potential pressure on Coinbase. But is there something else going on? So we're going to break that down for you. I think we have an interesting show for you lined up today. My name is Paul Barron. Welcome back into Tech Path. Before we get started thanking our sponsor, and that is iTrustCapita, if you guys are looking at long -term holding, check over onto iTrustCapita. Did you know that they were one of the first that relisted XRP? And of course, you can actually put XRP in your long -term IRA, your crypto IRA. So check it out. If you're looking at gold, silver, any altcoins you can imagine, all of that can be managed within the app. And the cool thing, no monthly fees. You just pay for your active trades. That's the way it works. Whether you have a current existing IRA, or maybe you want to start one, all of that can happen over on iTrustCapita. Just check it out. Just click the link down below. It does help the channel out. All right, so let's get into a couple topics here. I want to play this video right here by Stuart Alderati. This is a good one. Listen in. What do digital assets have to do with orange groves, barrels filled with whiskey, pay phones? Who remembers those? And beavers? Well, it turns out a lot. None of those things, standing alone, are securities. But any one of them can be packaged into a contract for an investment that may be a security. Let me break this down a bit. The law lists a bunch of things that are securities. That list includes things you ordinarily think of, like a share of stock. Why is a share of stock always a security? If you own a share of stock in, let's say, Apple, Apple owes you a fiduciary duty, and you can hold Apple accountable if they don't fulfill those obligations. That's true no matter how you bought the stock or who sold it to you. But the law also includes something called an investment contract. One thing I'm getting at here with this one is the fact that Stuart Alderati, obviously the legal counsel for Ripple in that case, and really what's happening here, is he's trolling Gensler. These kinds of videos that he was just doing are almost carbon copies of what Gary Gensler is doing when he's explaining crypto scams to investors. And I think that's the that counter XRP and Ripple are about to do. Now, the question is whether or not Coinbase is also pulling a little bit of this. So here's the story. Coinbase CEO says SEC told it to delist everything but Bitcoin. And this actually happened earlier in the month. The reason that I think it's interesting that it's coming back is I think this is something that Coinbase is actually re -energizing back into the market to show just how ludicrous and how crazy the SEC has become, especially now on losing to a certain extent the case against Ripple. At the time, the SEC reportedly said it believes every asset other than Bitcoin is a security set Armstrong. We said, how are you coming to that conclusion? Because that's not our interpretation of the law. Obviously, neither is it of the interpretation of the courts, which is the biggest issue here. Of course, within that, you've got metal lawmen. Why is the Supreme Court as a major questions doctrine? This is political appointees of executive branch agencies do not have authority to eradicate an entire industry, which is what he's talking about under what they call the MQD. Congress gets to decide the big policy questions like how crypto will be regulated. This isn't meaning basically what metal lawmen is talking about there. It's not up to Gensler. It's really up to our lawmakers. And all of that is usually done through the court system. That has already spoken. And of course, this is all now starting to play into the hands, I think, to where finally Coinbase may be on the offensive here, meaning they're injecting this back into the populace. If you look at the video that was done on this, this was actually the video by The Wall Street Journal quite a bit ago. Listen to what they said. And you know, fast forward, you know, a year later, we started to hear some conflicting statements from the SEC, the CFTC. Generally, when we hear updated information from regulators, we go in and we talk to them, we say, great, if the rules have changed, how can we adjust? And, you know, an example of that was they said XRP we think might be a security. We said, OK, we want to act in good faith. We'll delist it. We don't know if it's a security or not. And that court case is still playing out. But, you know, we want to be collaborative and work with regulators. And then something shifted about a year ago. A totally different tone started to happen. And we kind of got this information from the SEC that, well, actually, we think everything other than Bitcoin is a security. And we kind of said to ourselves, well, that's not our understanding of the law. You know, how are you coming to this conclusion? And we were sort of met with silence, right? We did a series of meetings with them, probably 30 meetings over the last 12 months, where they asked us every question under the sun. We told kind of them everything we could about our business. But we didn't really get clarity from them about how we could come in and register, which assets they had a concern with, why there's contradictory statements between them. All right. So this was the video that was done by The Wall Street Journal, that interview with Brian Armstrong, CEO of Coinbase. If you're brand new to our channel, maybe you're brand new to crypto. What's happened here is Coinbase got a Wells notice basically from the SEC saying, hey, wait a minute, you know, you're selling unregistered securities. You said maybe it's all things that you're selling. So essentially they kind of told Coinbase to just stop doing business. In essence, after they had approved an IPO, if you know what an IPO is, that's a publicly listed company now that has investors in the stock, which is coin. So if you're trying to protect investors in a scenario that you've already approved the IPO in which they showed you the business model and explained what they do, and now coming back in on this, it really does make as though there is a hidden agenda, I believe here obviously with Gary Gensler. The interesting thing is that this resurfaced. This video, this topic resurfaced back into the narrative. I think it is Coinbase putting a lot more political pressure on Mr. Gensler. And this, I think, comes at a very interesting time because we are also moving in to where we're getting some regulatory framework that's going to the House floor. A lot of policymakers, lawmakers are in the midst of doing a lot of interviews, requests for information, all these sorts of things that they're essentially going to go to the floor of the House with to possibly send a crypto regulation through the House and into the Senate. So a lot playing out very interestingly. This, of course, was from Woo Blockchain. It says, US SEC asked Coinbase to halt trading on all cryptocurrencies other than Bitcoin prior to suing the exchange, about more than 200 tokens it offers. So again, back to my point of that it is a scenario where the SEC pretty much just said, okay, you're a publicly traded company and we're going to just lock you down and tell you can't do business anymore, even after we've approved you and essentially set you up to go out and get investors on the New York Stock Exchange and go out and sell a token called coin, which is a registered security. Further in this, SEC warns accountants. This is interesting. Now the SEC is saying, hey, wait a minute, accountants don't partake in any mislabeled audits for crypto exchanges. So now they're telling the finance community to not do business with these organizations, these exchanges. And in the article, this is very interesting because this is quite a bit of overreach. US Securities Exchange says, issued a warning to accountants this week, cautioning them not to partake in misrepresented audits. Crypto exchanges and other digital asset companies have been tapping into accounting firms for review of their business and then passing those partial reviews off as audits. As accounting firms increasingly engage in sort of non -audit work, risk misleading suggested that alternative non -audit arrangements with parity even more precise than the financial statement audits. Such suggested are false. Non -audit arrangements are neither rigorous nor comprehensive as financial statements. Here's my question. If you're investing in anything, now most of the time if you're going into a private business, an audit is worth it from a third party. You're going into companies that are just saying, hey, here's from our accounting company, here's our current P &L, which have been audited. Those are not big claims that I think a lot of people would look at and say, I'm going to invest in that because it has audited P &Ls. This is the thing that I think and I find a huge overreach by the SEC. And in fact, the SEC commissioners find that it's an overreach as well. Here's Hester Pierce criticizing the SEC's warning to accounting firms to work with crypto. Again, this is where it gets really interesting that the SEC has so much infighting and so much disagreement within the commissioners. Now this only tells me one thing. This is a political landscape now in full force. It is no longer enforcement by litigation now or even just by issuing Wells notices, etc. This is now, I think, a true political landscape. Within this article, it says certain crypto asset trading platforms with other crypto industry have marketed to investors or retention of third parties, sometimes accounting firms to perform some part of a review of certain parts of their business, often presented and purported as audits. This is kind of where they were going. This was very similar to this previous article that we talked about. The point is that I think that they're getting into this and this is where she's talking about this. Crypto platforms and their account should be clear about what proof of reserves is and isn't with customers and should understand the limitations. Why would you want to discourage good faith efforts to provide more transparency? So what they're simply saying is these kinds of financial things are third party. These are accountants going in looking at the books and, yes, this is good. Where it gets interesting is if you could say, give me proof of reserves. Now you've got something that's a huge transparent opportunity and anybody that gives you real proof of the reserve is a good guy because they're clearly saying, hey, we're fine with it. This is all of our Bitcoin that's backed up all of our customers' Bitcoin. You get into commingling funds, those kind of things that are really the problem that most of these issues have faced. And when you think about this and you look at back at what happened with just FTX, had Gensler been this aggressive with FTX, imagine the amount of investors he would have saved. That's right. That's the SEC's job is to save investors. So just by being able to, if they had just filed a notice, if they went and said, hey, we're going to go in and prosecute, you know, Sam Bankman Free, if we're going to go in and start to question these kinds of practices, even though they're not a U .S.-based country, but they're doing business in the United States, obviously with the FTX -US platform. That never happened. So why is it that that who, of course, we already know the, you know, the run behind what SPF and Gensler had in terms of potentially political ploys, that is a scenario that I think will continue to haunt Gensler overall. There was, of course, mental lawman coming in. This was a three -judge panel of D .C. Circuit. Just invalidated an SEC order on grounds it was an arbitrary and capricious. This is again more of this situation where, though, and this actually came in from Eric Bakunas last week that we were noticing, but the point is this arbitrary and capricious. This language has been looked at and this is all referencing the treatment of spikes, which was a futures trade that kind of played into this. And the scenario that I think is showing up now is there seems to be a pattern coming into this around the SEC, and that is that the courts are not agreeing with the process in which they're doing this, and nor do they think they have a good position from a legal standpoint. So again, obviously, that was why we saw the play out there with Judge Torres with the Ripple case.
Mike Gallagher Podcast
A highlight from Trump Says He Expects An Arrest & Indictment Over Jan. 6th Capitol Riot
"Welcome in to The Mike Gallagher Show. All of us at Salem Media Group have heavy hearts as we say farewell to Stuart Epperson, Sr., who was the co -founder and chairman of Salem Media Group, the parent company of this show. We are all lifting up Stu's wife, four kids, 21 grandkids in prayer and praying for God's healing and comfort and peace. What an amazing guy. Stuart Epperson, Sr., was a gentle giant. A big, tall, just amazing presence. Would walk into a room and exuded kindness and grace and compassion. He and Nancy mentored at -risk youth for many, many years. Did a lot of things that people didn't even know about. Reaching out to some of these kids in the inner city and sharing God's love and the joy of Jesus Christ and salvation with so many. He was also a broadcasting giant, a broadcasting legend who sparked the careers of many, many people. Simply put, without Stuart Epperson and his brother -in -law Edward Atsinger, there is no Salem Media Group. There is no Mike Gallagher Show. There is no Salem News Channel. There is no Salem Podcast Network. There are no owned and operated stations around the country operated by Salem Media Group. So I just wanted to share all of us, our collective mourning and yet celebrating a life well lived. Stuart Epperson, who passed away this week at the age of 86. Welcome into a Tuesday episode of the Mike Gallagher Show. We have a lot, a lot to cover today. Holy cow. So much material and where do we begin? Well, let's start in my beloved South Carolina where yesterday Governor DeSantis held a big town hall. Packed, a lot of enthusiasm, big turnout to hear DeSantis and a lady stood up and spoke and this thing went viral. Certainly the DeSantis people are very excited about what she had to say. I'm going to play it for you. I just don't, I don't want you to think I'm making an editorial judgment about either DeSantis or Trump or anybody else for that matter. You know me, I'm a Republican. I'm going to support whoever gets the nomination in 2024. Enthusiastically, I might add, because we got to stop the Democrats reign of terror over the United States. They're destroying this country city by city, state by state. But I want to play this for you. Again, this went viral. This was somewhere in South Carolina where this lady took the microphone and spoke directly to Ron DeSantis. I was invited to come today to listen to you by this gentleman, Representative Moss.
Mike Gallagher Podcast
A highlight from The Mike and Mark Davis Daily Chat - 07/18/23
"I kiss them and I love them Cause to me they're all the same I hug them and I squeeze them They don't even know my name They call me the wanderer They call me the wanderer I'm the wanderer Dion Demucci, live or dead? I didn't even know the name Dion Demucci so how would I know? He went by Dion, the wanderer. Oh Dion, oh yeah, yeah, yeah, sure, sure. And keep away from a run around zoo and see, there you go. The answer is he's alive, alive and 84 today, 84 today, just a little older than Biden. There you go. Hey, I wanna just salute you. Your tribute to Salem Media Group's co -founder and chairman Stuart Epperson on Twitter was really beautiful. You helped put things in perspective about the fact that all of us are sitting here largely because of his efforts along with his brother -in -law Ed Atsinger who founded Salem and what would become Salem Media Group back in the early 1970s. And we lost a broadcasting giant as Stuart passed away at the age of 86. He was such a kind and decent and godly man. A lot of stories about Stuart that people don't even know about. He and Nancy, his wife, his beloved wife, mentoring kids from the inner city, did things that a lot of people had no idea they did. They just did it quietly with a servant's heart. Of course, he was a broadcasting legend and hey, Salem is not gonna be the same without him. So thank you for your beautiful tribute to him on Twitter. As I tweeted out, anyone who got to know him or met him received a blessing because he fought the good fight. He did and I got to thinking that what's the measure of a life and what does it mean to the broad nation and what does it mean to me? And so I'm sitting there thinking, what are some things I can say within the allotted amount of characters? Stu, through his efforts, made our country better through his conservative activism. He made radio better, partnered with Ed Atzinger to create this company that has changed, saved so many souls with all the Christian stations we have, hope, trying to save our country. And he also made my life better because for the last 11 plus years, I've had the opportunity to walk into this building and do this show containing various blessings, including a daily chat with you. And so, but for this company, that's not happening. And but for Stu, this company doesn't happen. He and Ed, I'm eternally, eternally grateful. Rest well, well done, good and faithful servant, the great Stu Evers. You bet, prayers for Nancy, the four kids, the 21 grandchildren, what a beautiful family. I'll be in Winston -Salem on Friday. Carl Jackson looks like a guest host for me as I travel there for the funeral. And then back again on Monday. So wonderful, wonderful. Yep, yep, so thank you again for your kind words. Hey, what do you do when you're the Washington Post and you smear a movie like Sound of Freedom that has become this shocking summertime hit? Now they're approaching $100 million at the box office. Forbes and Variety, look at this headline at Forbes, surprise hit Sound of Freedom moves up in box office rankings. It was number two this past weekend, Marc, only to Mission Impossible. This movie is raking it in. It's changing hearts and minds. A lot of eyeballs are seeing this movie. And the Washington Post, of course, and I think Rolling Stone and CNN, they've smeared this movie saying it's QAnon tinge. Adjacent, yes. It's QAnon adjacent. Whatever that even means. Who knows? Well, so there was such a laughable out, you know, people just laughed at that. Like, are you crazy? What, the left is now pro child sex trafficking? Is that what you're telling us? Well, what do you do if you're the Washington Post and you're confronted with that kind of criticism? You double down. I'm reading an article today, Noah Berlatsky who writes, QAnon and Sound of Freedom both rely on tired Hollywood tropes. You see, Trump plans to screen the film Sound of Freedom at his New Jersey golf club next week. Well, that was all they needed to hear. There you are. Because as you proceed, I don't want to interrupt you, the enemy of my enemy is my friend. If you ask them, of course, we're not pro child sex trafficking, but if an anti child sex trafficking movie comes out and it stars Jim Caviezel, a stalwart conservative and conservatives like it, and endless in the QAnon angle, if anybody's even wondering about that, that sliver of loony birds believes that there's some cadre of George Soros, Hillary Clinton, Epstein's ghost who are involved in all this, whatever, but the trafficking story is real and if people they don't like are making that movie, then the movie becomes bad. It must be terrible. I mean, let's just peruse some of the words in this Washington Post article, the column. The film has been embraced by the far right and Christians. Many critics, many, I love when they say that. People say. People say, dot, dot, dot. Many critics have linked Sound to Freedom to the pro Trump QAnon conspiracy cult. They've also been startled by its mainstream success. But the truth is that the conspiratorial right and the Hollywood default aren't that different, which is why perhaps our politics have had such difficulty rejecting QAnon, Trump, and fascism. I'm not kidding you, Mark. This is like satirical garbage, but it's on the pages of the August Washington Post. The August Washington Post has another huge problem this week as Jennifer Rubin, who continues to receive a paycheck from them for some reason, and we all know what that reason is. You remember when she used to write a column called Right Turns? It was a kind of sort of conservative column. I had her on a couple of times. She was one of those sort of center righties, kind of a squish, but whatever, right on some things, not so much on others. And Trump broke her, and now she's hard left, rooting for Biden every day, rooting for Democrats every day, and against anything conservative. She had a column in the Washington Post that said that Florida is paying a horrible price for DeSantis, for fighting the woke stuff and standing up for parents' rights and stuff like that, and all she did was get the numbers precisely 180 degrees wrong. She identified the number of people moving to Florida, which is huge, and characterized it as the number of people moving out of Florida. The Post issued, I think, a page 47B correction, and somebody said they should be embarrassed, the Post should be embarrassed. They're not. Embarrassment involves some measure of self -awareness, some notion that you've done something wrong and need to atone or need to correct yourself. That doesn't exist at Post headquarters. It doesn't exist at New York Times headquarters. They know exactly what they're doing. If you double down on an anti -child sex trafficking movie as being QAnon and embraced by only Christians in the far right, listen, Jennifer Rubin is child's play. They won't touch that. I mean, believe me, she's a heroine to them. And incidentally, for the record, she based that on an incorrect statistic that was, I think, originally published, if I'm not mistaken, by Business Insider, where they had the two numbers backwards, and then they, of course, had to correct it. Gavin Newsom famously gave an interview, I think to Sean Hannity, where he tried to make that same goofy argument, something about, but his formula is per capita, per capita. Per capita, more people are fleeing Florida than are fleeing, it's goofy. And incidentally, speaking of goofy, tell me you saw the CNBC 10 worst states to live and work in. And Texas, number one, baby, Texas. Yes, and the - The worst state to live and work in. All 10 states on the, well, they're all red states. Well, and they are, because the criteria used by CNBC, I don't know if you got them in front of you, but it's magnificent states, Texas, Florida, Indiana, South Carolina, in a place with good, God's doing, happy people leading productive lives. The criteria used by CNBC included a few factors, some of them objective, but one of them, like the degree to which these states are willing to fall in with DEI initiatives, various woke things - Child care, is there child care per capita? Is the climate, but I mean, honest to goodness, it's, you don't think people are fleeing California and New York and Illinois, but they're an embarrassment. CNBC used to be kind of a neutral sort of - It was kind of financial network. Yeah, the 10 worst states to live and work in. Of course, Florida's got, and I love the, they got to smear DeSantis right off the bat, so they published the list in descending order. So it's 10, nine, eight, because Florida's got to pop up first. When you look at the article, it's got to see Florida first, because Ron DeSantis is ruining Florida. Florida's just a hell hole. Hey, I got a plan, and I said this on the show yesterday, I'll say it again today, I'm embracing this report. Please, progressives, stay away, stay out. Yeah, CNBC is right, Texas is horrible. It's too hot here. It's hot, there are bugs. We'll shoot you where you stand. There are guns everywhere, and South Carolina's even worse. Please, believe me, Florida, I can't even get through the day without looking over my shoulder. You'll get eaten by an alligator, and you'll die. Oh my gosh, please don't come here. Stay in Berkeley, you stay in LA, make sure you stay put in Chicago. Do not come to any, the CNBC article is gospel. It is true, they're onto something. So please, please, I'm looking out for you, progressives. Stay away, we don't want you to have to be triggered. Now, speaking of being triggered. Real quick, 30 seconds, having mentioned DeSantis, having mentioned Florida, all eyes on, maybe for the first time in a long time, all eyes on Jake Tapper. DeSantis sits down for Jake Tapper. It's on Jake's show, right? It's five o 'clock Eastern, four o 'clock Central. Well, I thought it was prime time tonight. It's not prime time? Maybe they are, my mistake. So just, we're not in the habit of paying attention to CNN. But DeSantis sits down with Tapper, and there's a lot of advanced angst about this, and I don't know why. I've said, silly, let the game come to me. If it goes well, then it will have been a good idea for DeSantis to do it. If it doesn't, then it wasn't. I have a feeling it'll probably go fairly well. I think there are some folks on Team Trump who are, shall we say, concerned about it going well, and so there's been a lot of mouthing this, but how do you think that will go, and was it a good idea for him to go? DeSantis has been criticized for only talking to certain members of conservative and friendly media. Which is true, which is true. Well, I can speak from experience. But listen, he needs to go where he's gonna maybe win over hearts and minds. Did you see the lady in South Carolina who stood up at a packed town hall that he was hosting? She gives this impassioned speech about what a die -hard Trump supporter she is, and she loves Donald Trump, and she feels that he's been unfairly persecuted, but she's thought long and hard about it, and she believes that Ron DeSantis is the man who will take the day.
AP News Radio
2 more Oath Keepers sentenced to prison terms for Jan. 6 Capitol attack
"Two more members of the oath keepers were sentenced for their roles in the capitol riot. Army veteran Jessica Watkins was sentenced to 8 years in prison. Another army veteran, Kenneth harrelson, received a four year sentence. They were acquitted of the most serious charge seditious conspiracy, harrelson was the group's ground team lead on the day of the riot. Watkins formed a separate Ohio based militia group, recruiting people to join. Watkins cheerfully apologized and described herself as just another idiot running around the capitol on January 6th, harrelson broke down in tears as well, saying he has totally demolished his life a day earlier, the leader of the proud boy, Stuart Rhodes, was sentenced to 18 years in prison for seditious conspiracy. The longest sentence yet in a capitol riot case. Ed Donahue Washington
The Bancroft Brothers Animation Podcast
"stuart little" Discussed on The Bancroft Brothers Animation Podcast
"Please seek help, talk to a friend, talk to a medical adviser or doctor, please. Yeah. And now back to the very special episode of the Bancroft brothers. Yeah. MD, yeah. All right, well, Tony, do you have some stories to tell? Well, you know, I do. Yeah, I've been thinking about this since we brought up this topic. And you know, I think a lot of people think, you know, when you get into animation, you start working at Disney, a big studio, you're working on all these big films that it's going to set you up for life. Well, that's not always the truth, is that there are struggles that come. And for me, one of the most impactful times of my life, which was a great learning experience in retrospect, it is only helped me now in the future, but at the time was almost crippling for me in my life for my family and for myself was that back in 2000, I decided to leave Disney. And this is something I've never really talked about publicly too. I thought you got fired. No, no. No. You know, I didn't. No, I actually had, I had just finished Mulan, which came out in 1998, directed that they put me up in development for a good 6 months. I mean, and I was just kind of or maybe three months. I was up there for three months and development. And at Disney, there's different levels to the building. And so I was up on the third floor, which is the development level. Well, everybody in production is on the second floor on the first floor. And they just kind of said, yeah, go ahead and think up some ideas for a new feature, and now that you're done with Mulan. And I was really on my own. I had no support team, no resources, just sitting up there going. Okay, and I came up with several ideas. And every time I would pitch them to, at that time, Tom Schumacher and Peter Schneider, the president and vice president of animation. I would hit a brick wall. Now, we've talked about this on other podcasts, but some of those things that I pitch have now been made into features by either DreamWorks or Disney. But what? Yeah. Okay. That's what I'm saying. I was way ahead of my time. Pat pat on the back. No. But I was up there and I was kind of banging my head and I said, you know, I really want to go back in animation. I missed that. So I ended up going on to emperor's new groove. And I got the really key character kronk and working with Patrick warburton. That was a dream come true, but it was around that time as I was finishing emperor's new groove that I started feeling like I always had this dream of and you and I shared this dream in college, Tom. But starting my own animation company. No, not that dream. The other dream. Starting my own animation company, and I got two friends together from my church, and we wanted to do something that I had more family values to it. And really use our talents and abilities more towards our faith based. Faith based storytelling. And at the time, vegetarians was really big. Again, this is around 2000. So I actually went to Disney and I said, I want to get out of my contract. I had another two years, I think, on my contract at Disney, and it was unheard of at that time to go to them and try and get out of your contract. So I went to them, got out of the contract. I started this company with my tube buddies. And at first things went, we're going great. We're working on and my transition period was I went from Disney to Sony to work with rob meek off on Stuart little two. I was the animation director on that. And that was a great experience. But at the same time, I'm working on Stuart little two. I'm also working on a business plan at nights and weekends with my buddies trying to get this new company called tenacious family entertainment to get it to nation's family entertainment off the ground. That's so cute. Yeah, you see what I did there? And things were starting to go well. We went out and we got this, I mean, we had a business plan that was probably like this thick. I mean, it was like a phonebook almost. And we were ready. We were so ready. And the day we finished our business plan, 9 11 happened. Yeah, the 9 11 happened. Twin towers, the whole thing, the economy changed instantly overnight, trying to find investors for what we were trying to create, which was our own faith based we're going to create our own children's sorry. Our own faith based children's video series veggie tales or something like that. But all 2D animation, as a matter of fact, pause because I have a copy of one right here. I want to see that, Tony. Socket to me. Now, ironically, I was at veggie tells at the time. I was at big idea productions while he was setting this up. Oh, look at that. So the camera, you could see that if he's holding up a video cassette of Lenny and Sid. And it's VHS, which tells you how long ago that was. But we also had some DVDs too, but we came out with two videos. So we had just enough funding to get it going in the first couple of years. Things were great. But then things turned. And for the next 5 years after that, we went through some really tough times. And I put every ounce of my money into this business. Luckily I had the support of my family. My wife and my kids, I had three kids at the time. So I'm trying to support the family. Then tragedy really, really happens. And the house that we were living in got mold, you know, there was a big leak and we got mold and we got kicked out of our House and the insurance company wouldn't pay for it. We're fighting them. Long story short, we were out of our House for a year and a half. We have no money. We're putting every living in a hotel. We were literally hotel for how long? The family of 5, we were living in a hotel for 6 months, and then we moved into an apartment for another year after that. Before the insurance company gave us the money we needed to move back in. And our kids were all under 5 years old. So these are young kids growing up in a hotel, all squished together in one room. It was tough. I mean, we were not, I was the director of Mulan. This wasn't supposed to happen to me. This was not in my game plan. This is not on in my vision. We've talked about vision statements. This was really out of the blue. And my company is struggling. We can't get financial backing. We turn our company into doing work for hire at this point. And I'm doing everything we can to call Disney and call other studios, hey, do you have any DVDs that you need us to do a B roll story for something or a bonus feature for your DVD? And we got some of that work, which was great. And we got a couple commercials, Tom, you helped us out with one. And we tried to make the ends meet and hold on to hopefully something turning around in that time we created some features, which I was really proud of.
The Christian O’Connell Show
"stuart little" Discussed on The Christian O’Connell Show
"He's sharp as a tack. You got that one. It's nice to know you say. The joke interpreter. And Scotty bob hawke down. Prime minister. He didn't have to stretch for that one. He likes when he has to stretch a bit. But Christian O'Connell show podcast. If you open any of the posts that comes into your house, what do you mean? Never open a bit of post. I just leave it when I put a letter once I'll see if there's any of my Amazon deliveries and rest of those bills and some of that are close it back up. My wife will go through and look at that and let me know if there's any to go urgent on that. What are you in charge with at home? You put the pizza. Can I put the bins out? Put them out last night. It's very, very well done. Very well done. But anyway, I thought I had an Amazon package right arrive on Monday. I opened it up and it was addressed to me, but it was not for me. I opened something up, there were two of these things right, and I looked at them for a while, I think, and I've got absolutely no idea what these are for. It's obviously I'm guessing just by the way they're put together. This is designed for people who are of a certain age to make life easier, but I was staring at them for a solid 5 to ten minutes. I had no idea what these two things were. To my wife came back and I said, what are these for? She showed me and I went, that is genius. I brought them in this morning. I'm going to show Jack and Patsy in a minute. If you go online your next 5 minutes, I'll put it up on Instagram before they can see it on our Facebook as well. If you look for the Christian O'Connell show, you try and guess what those are for. The Christian O'Connell show podcast. All right, on our Facebook page and on Instagram as well. There are now there's a photo of what I opened on Monday in the post. Addressed to me, but clearly not for me. I had to wait ten minutes to my wife came back to tell me what these were for. What do you think that is? Okay, I'm seeing it for the first time. It is a big piece of plastic. It looks like a wedge. I know exactly what that is. Do you really? Do you pack? You're kidding me. It looks like something you'd find at a swimming pool like aid swimming. It's like, yeah, it's a weird wedge. It says someone that needs to be west of solar Poland. Yeah. Funny you say tucked in. See, what am I holding here? That is like a wedge with a handle and what you use that for, I believe, is to shove up under your mattress to make it easier to take your sheets under. Wow. Sarah's 79 year old mom has broken her arm and obviously, you know, there's a lot of things she can't do. This is for, so I said to sell well on your mom only needs one of them because you just tuck this into a bend and then you put the sheet. So we now have this. I made the bed yesterday with this thing. Life is a lot easier. Really? Oh yeah. But it's not that difficult as a tool. It's not, no, no. No, you shouldn't, but what you do is it gets a bit baggy. You know, it's a sag. If you walk around, you can't be bothered over the edge. That's right. This stops that. You just shove it in and it's tight. It's a hospital corners. Yeah, yeah, honestly, check them out. That is good. I think it's called a mattress lifter. What is said though for your mother in law is she's broken her arm and instead of you going around and changing her sheets for her. You bought this wedge around it. Look, it was one up. You don't just need to have a broken heart to use this. But Christian O'Connell show podcast. While in the subject of the bed sheets, do you guys like, you get into bed right? And it feels like you're getting into a Sanya with a lot of sheets. She's going on. And you're the meat. Because the kid in that bed and I only really want a relationship with the duna. Who is this other fellow now is in a bed with me, that strange flat extra. Lasagna sheet. Get out of the bed. Yep. Anytime I'm in a hotel, that's just want to get rid of me. Yeah, we've set down. Yep, me too. Is it bad? We just have the door open. Yeah. What is the point of that? You don't have it in England. It's unique to Australia. Go ahead and come in with my wife loves it. So she just wraps herself in sort of my donated bit of it, like a it's like a Shroud or a cocoon. But then still has the dinner on top. Yes. Yes. Like a little mummy in there. In summer, this is what my parents said what it's good for is in summer you can kick the door off and just have the flat shade over you. How is that what it's for? Is in Melbourne even in beds. That flat sheet is overkill. Sick of it getting tangled around my ankles. Looking at your device, the big handle with the birds back on it that pushes their mattress shade under. Isn't it basically? What I need help with is when you put the do not inside the duna cover, getting it to all four corners evenly. Because what will happen is it bunches up the bed like a sock does around the hill sometimes it all gets bunchy. Yes, and then somebody gets a flimsy side of just essentially doing a cover and the other one's horrible isn't that gap in there. How do you get it to pull edges? What do you do? You can buy clips for it. What do you mean? Inside of the cover to hold you doing. You know what? You need here is to harness the power of magnets. Yes. You know what you just chuck it in and the magnet will find its other magnet. What's called the bank that bases it or it goes so they just go. So you'd have magnets on the edge of your door. Yeah, and you throw it into the ramped up turbo magnets. And then it will then the magnet will find its way to its metallic mate. And they're just like mush each other. So it will just go. Then it'll be perfectly set inside the duna cover and it'll act as a weighted blanket. Yes. Actually, genuinely. Sorry, can't run a 4.3. Use inside words. We've just been wondering shock tag. See you suckers. Ordering a hit on the Dunkin app is always been pretty awesome. You get to skip the line and don't have to wait to get your favorite Dunkin treat. And now ordering ahead is even more awesome. Because rewards members who order ahead on the app can get a $2 medium cold brew every day, all month long. Not a member? Join Duncan rewards on the app and get even more exclusive Dunkin deals. Duncan rewards save them stack them, use them how you want. America runs on Dunkin. And at one part member per day additional charges in terms may apply participation may very limited time offer. The Christian O'Connell show podcast. Now, it feels like a new Netflix show this, isn't it? Rio's move took a day off last week to move house. I think he's just about to ask if he can have another one off now for someone coming round to wall mount his TV. Also, did you notice he came back from the long weekend, which is traditionally a relaxing weekend? Oh, I've been unpacking boxes all week. It wasn't a rest for me. It wasn't a risk. How much does she get a score back from all the boxes I've had to see the size of that Playboy mansion you've moved into? It's tiny. Suitcase and a half. A little field mouse will have more belongings. Stuart little. Yeah, it's just like a little homo. What'd you go with that stick in a brindle on the back as they set off down there? Someone just lost the invert to the rooftop pool. That's it. All right, so what happened with the wall mounted TV? This is quite a saga. Well, yesterday, yes, I did need to get a TV wall mounted in my room because I got a big TV and I am not capable of doing it myself. I have no life skills. Fair enough. And the guy that came over, I actually had to end up hiding in the study nook because he terrified me. What do you mean? Just the presence. It's very gruff. I would say at one point I tried to maybe soften the interactions early. I said, oh, can I get you a glass of water in here? And just waved his hand. You know, he didn't bother Rembrandt. Yes. Ask you want some lime cordial. Michael Ashley when he's paying for the 16 champion.
Giant Bombcast
"stuart little" Discussed on Giant Bombcast
"It's basically the same thing. But yes, guardian legend for the NES. Actually, alpha protocol. Yeah, so south broke all. That's a pretty good one. Let me look up my top 25 games of all time. Let me see what didn't get a. You have that lesson on deck. It's kind of this in my notes app for sure. Come on now. Looks like everything got a sequel. Super Mario RPG, you could say paper Mario. Followed up on that. You could say, well, chronic cross is a sequel to cronic. Legend of the dragoon. Give me a legend of the dread tune. Okay. Maybe you shouldn't say that. Not every thought needs to be so. That's true. That's true. Normally I just like everyone politely smiles and nods their head. Wow. That happens way too often on the show. So it just says a game and then someone just pulls it out. Well, it helps when you have Mike minati who has a million fucking things on his desk. Yeah, I want to see, I want to see Mike menotti's desk. Baccala, grub what is Mike menotti's desk look like? There's like a weird small genesis. There's a bunch of cables. There's like a camera. It's honestly just a mess. And then there's a notepad or a sticky note that just says heal mut on it. And then there's a lot of him going low and ha ha ha. He is a child. Yeah, basically. I love him so much though. We all love. He's our child. He's our child. Look at that. Do you have an N 64 near you right now, Jesse? Nope. I just keep this on my desk because it's my favorite Nintendo 64 game. It's like anchors, you know? You got to keep it close to you. It's what holds you down. Keeps you humble. That's a good answer. Let's just start pulling out games, everybody. Okay, here's like, I'm holding up one, two, three, four. 6 SSDs that I don't know what are even on these. I just found these in the office and I'm like, this was in one of my boxes. I should take it. Oh shit. Is this Tomb Raider two, but with the cheat codes like written on the inside of the job? Wow, wow. What a flex. What a flex. I don't know. That's a good question. I feel like I should have an answer on hand for that. I'll just go with Super Mario RPG. This is the best sequel though. Stuart little. Ellen, wonderworld. Stewart, little too. Do you obviously think grub that we're going to get a ball in wonderworld two? Fuck no. They said, jail. Yeah. It'll be the first video game developed from prison. Yeah. It's going to have my review is going to be like, it's a lot like prison wine. Yeah, it goes down. It's going to do a whole documentary series on it. I would watch the development of bad ones. Hey, I follow a lot of people or TikTok creators that are in jail. So anything is possible, you know? That rules, oh my God, give me a tip for that. I would love that. How do you create content in jail? We're not going to blow up their spot. Like a lot of it is just like cooking in jail. So you get your commissary and then, oh, yo, I'm a deep fried, you want to deep fry some chicken. Let's deep fry some chicken in jail. Yeah, but they got like iPhones and shit. They smuggled any phones. You buy a green screen and a ring light from commissary. And then you just make content. Shit. It's a lot like our lives, honestly. We're in the prison. Wow. I got my third eye open. Thanks, Jeff. No, I didn't mean to do that one. Oops. All right. I'm not too familiar with this, but maybe you three are. This email comes from Dan P what would your American Gladiator name be? I never watched American Gladiator. Young Elmo. Oh. Yeah, sure. Let's see. They called the ones that were on there were like laser and blaze. And so lots of lots of Z's and names basically sounds Z sound. I would be zoned with a Z there you go. Glizzy goblin. Jan you would be pounder pounder. Oh, I like it. I'll take it. Yeah. Michael, I think you're going to be Swedish made penis in larger pump. Hell yeah. Vibes. The existential crisis. Smeg. All smeg. Swag. Existential crisis. This is Meg. All right. My name would be Jamie Kennedy. That would be my American name. No notes. I don't know why I thought you were going to say Jamie Lee Curtis. And I'm like, yeah. Yeah. That's a real powerful name. JLC? Oh. I'd let Jamie Lee Curtis punch me in the mouth. I've seen true. I've seen true lies. Next email comes from Austin for the Bay Area. Sorry, I feel compelled to do that. Hold on. Is that you? Yeah, that's me. You put yourself on the sound board? No, no, I just did it now. No, he's just doing it. Shouts out to the goggles or when it works. Hi crew, I've been living the French press life for a while, but after Jan's comment on UPF, I realize I need to try drip. Jan, I'm lost. What kind of V 60 should I get? What kind of filters do I need? Also my kettle only goes down to one 80. Do I need a whole new kettle? Help me fam,
90 Day Fiance Trash Talk
"stuart little" Discussed on 90 Day Fiance Trash Talk
"They go to dinner with her ladies group. And then they do a group hug. Well, the squad. Yes, the squad. His voice is what is very confusing to me. Why is it like that? Stuart little. He's like, you need to change your dress because I don't like that your butt is found. I don't like your butt in the restaurant. Right. What? Could you take a man seriously that sounded like that? No. No. No, not at all. It's very weird. So he says that it write out her friends are very weird. This is what he said. Yeah. And I got to tell you, I kind of agree with him. I could deal with them. He's like, listen, they're very weird because they're putting their boobs out to try to get me upset. They are. Yeah, I know. And he's like, this is weird. Yeah. I don't even like him, but he's right. They all, I mean, come on, that was done purposely. Of course it was done previously. So now we find out that his ex fiance left him because he had no money. He never kissed her anyway. Apparently, come on, yeah. So he said that eve was the first woman he ever kissed. And her weirdo Friends, I'm going with you on this one Bahama, they're weirdos, is like, well, have you ever watched porn? Like, how do you know what to do? That is so weird and disgusting and annoying. So he's like, listen, so they're like, our boobs are out. Look at my nipple. Look, I have three nipples out. All three of them. You want to see my butt crack at the table? And he's like, I'll show you the fourth. Right. He's like, I don't care what other women do. Yeah. You're not my girlfriend. You're not my wife. Why would he care? So then the she brings up at the table, how he didn't want her butt showing at dinner. And it's like, why don't you get up? Why not do it? Right. Explain to him, hello. I mean, I explained to him explain to your friends. He wanted me to wear a longer jacket because look at the back of my dress. Look at the back. Noelle, if you and I were going out and you're at the back of your dress looks like that. I would tell you the same thing. Yeah. I don't speak purpose. That's different. I feel like, is this a cover up for your bathing suit? This is a dress. Yeah. Right. So Tatiana said that he's a controlling tyrant. I always thought. And he said something that was, again, I hate that I'm agreeing with this man. Wow. He's like, they didn't want me to judge them. They literally took their breasts out at the table. Yeah. And they didn't want me to make a comment or judge them, but all they did was judge me the whole time. He's not wrong. Well, eve is like, you're being quiet, what's wrong? And he goes, you're acting like you weren't there or something. Listen, he was being so nice. He could have been so. He was being super nice. And eve was like, no, no, no, no, no, what they were doing was an intentional. And so then we find out that Muhammad was mad that she wore a bikini on a family trip..
Hack
"stuart little" Discussed on Hack
"In mites locked in twenty four seven. And you can't do that. You know extended period. We've known for a long time that prisoners at a really high risk. This is sophie meet new a recession from human rights watch and she says is a lotta people in joe who were really vulnerable right now. Prisoners have a high rate of underlying medical conditions than the general population. And there's just really inadequate healthcare allston industrial imprisons. Yeah according to a health and welfare of in two thousand eighteen. Nearly a third of australian inmates have some sort of chronic health condition and someone he was really worried about. Getting covered in prison was shantelle bica. Our sort of computers chantelle was in jail in april last year when the pandemic was just starting and as someone we've medical conditions shanto was a high risk in terms of getting carved terrified when our situation because of another life. Dr eighties and my health will deteriorate real. Because of vulnerabilities unr- abilities shantelle was released on bio. But right now. She's really worried about the outbreak in the look downs happening because her brother and panna of birth in jail or the whole business locked lockdown they all in twenty four hours a day. Usually they're out in the yard. And i go to them as much as they want and i usually get a fine call every second day ovalles not shantelle says it should be made way more of a priority to get everyone in the prison. Vaccinated security guards unites and staff at prisons were initially pot of the priority groups in the federal vaccine rollout. But that hasn't really worked out. So despite the fact that these drilling government prioritize prisoners full vaccination. It doesn't appeal. Those writers highs. They should have been the new south. Wales government has refused to reveal the level of immunization among birth prisoners and stopped. Sorry we don't really know how many of them have actually had the jab which sophie says needs to change or obliged to give datta on people in disability homes but people in prisons are just as vulnerable yet. That data is not being released. Stuart little also wants to say the new south as government introduced rapid antigen testing jails which is basically testing that gets results back within minutes but they are less accurate than the usual tests. We actually rapidly tasting nights. When i come into the system. But he says it's really just about prioritizing and protecting some of our country's most vulnerable people in new south wales one in every four prisoners is indigenous. Some of the most vulnerable people in our society. I in our prison says a lot about how we treat them and why we should protect them. They can't escape but they stuck in there at the very least we need to give them that protection of being vaccinated and if they haven't been given that opportunity yet then that's a really bad reflection on us as a society pack on triple jack days almond with that story. So greg bonds essays from these trillion lawyers alliance. Thank you for your time from the start of the pandemic make you've been calling for vulnerable. People like elderly people in prisons to be released now. That sort of escalating in giles. How would that sort of situation work kennewick in new south because the government and you saw swells pasta legislation in march last year which allows for the director of corrective services to release individuals or groups of individuals who particularly vulnerable essentially. Have them on parole. So it can happen now. The government's got the legislation in place. And of course that would mean for example elderly prisoners It would be prisoners who've otherwise health Those who are on remand for nonviolent offenses particularly there any number of groups that could be released today under existing legislation greg. We've got thirty seconds a lot of people saying well. They've done the time they should stay in jail. What decided those people deserve to die in jail identikit covered in jail pretty sure what else government's legislation use it all right gregg bonds from these dryly and lawyers alliance. Thank you so much for joining us on the program. Thanks for listening to this episode. I'll catch you next time..
Fun Time Horror Show
"stuart little" Discussed on Fun Time Horror Show
"We want him to continue living on. Although he's not physically in this world could continue to do whatever. I can to make sure. No other child suffers in the way adrian head if we can continue to do something in his name. That's what we want to do. Detective lancaster you may remember was the lead detective on adrian's case in his work tony lead to the arrest of both michael and heather. Unfortunately detect lancaster would pass away after receiving a fatal gunshot wounds while on the line of duty fleeing suspect of another crime at the age of only thirty nine years old. His colleague detective stuart little filled with delivery statement before sentencing as well undetected lancaster's behalf. I would like to start by saying that. I making the statement memory of adrian and in the honor of detective. Brad lancaster rapid everything into this case but he was murdered before he can see through. Brad was adrian's champion. Adrian has gone ordered by the two people who are supposed to love and protect him. Detective mark bundy. And i finished the case for brad. Brad should be sitting reading this on me. I cannot describe how deeply cases affected everyone. Who has worked on technicians. Help us find his remains. The woman who are forced to transcribe the awful details of his torturing young wife mark. And i been.
Racing Post
"stuart little" Discussed on Racing Post
"Welcome back now so much. Good action york last week with no even tipped Towards the handicapped performed to. So i'm gonna get one standout run from each of our panelists today. Keith let you go first. You caught your eye Out of the big field handicaps york but it only watched the sort of granular level of like to mostly been staying races settling attempts to handicaps and i thought the melrose was a racist abar myself. These are really progressive through units all the way through. Now look at the top. Sex valley forge was really impacting. Just knifed field on. The bridal was really really impressive. Michelle what. I thought was still green. Ribbons creek castle is extremely unexposed. Aunts m just one on his ear the time before du schon was in the middle of the track and and maybe that wasn't the place to be only did ultimately switch and tash gannon king of the castle of reasons to be mocked too. I mean i just think he followed about four. It looks extremely good to me and often does work melrose form. So you're not gonna get rich to not particularly but these horses are gonna turn up an and racist subsequent. I mean ravenscraig. Castles rates seventy eight. He's going to go up to and could run in on what to eat to eat again next time that he's a very very progressive horse needs to be taken seriously King of the castle. Tho- has have you could tell me. His head was street. I would see he have market up quite a lot but yet i'm not going to name a horse. I'm just gonna see look foldout melrose for them because that first five or six very good horses in fact even to an little mitigation for study to apologies to to viewers any. At least those. Who didn't back i e because you finished eighth but some he. He was in the middle of the track. Little thank you a little bit better than not. But i'm not saying you should've been placed in the classical sense or anything but you'll do better than that one day so yeah just about melrose. Form is great. What in case. I agree what about you. I quite liked the race on friday. That was one boy. Sam cook the was code sky bit handicap. Yeah mall four furlongs. A thought that sam cooke won that race. Very very well i. She packed from hole in that rice. And i thought he was just going to hold everything he they kept coming to frown. Honi pushing them away. Ton in hawaii tend to why and then i just looked in behind and they sam cook and he was just traveling like a an absolute express train and Always thinking please don't find anything. Please don't find anything and sure enough. So i'm data. He went away and one well. But i thought that For that reason it was a bit of a standout performance in the handicaps. Really because when you see a host that is so obviously traveling well who then goes and puts the race to bed in the way that sam cooke did from from a host. Enthrone whole like i say. Pretty much batted away every of challenger. I thought that that was a good rice. I've been following frozen whole for a long time. I he was disappointing in ascott when nothing he fell out the traps and then he pulled really hard him rare in any town off again. Next time i think but some this was a real good efforts From foreign holdback vermont and a half because it being run mon and six these previous star so yeah. That was the right to me. That i'll be taking a few of the One fifty eight. You'll come friday. Sam cooke bates frown who. I think that both firm useful. She's going forward is very useful. Appoint lawns now arm reach for the moon. The form of the lots of in the chechen stakes. Roy alaska still embiid new in the futurity stakes in ireland over the weekend. Reach for the moon when the solorio at sundown on saturday out of these two horses compare case in. Who saw would you be on next year. Indeed if you look at the two thousand guineas betting point loans does seven so on favourite reach for the moon double the odds at fourteen even six teams in some places to be brought great. I'll going in apology skies jiro. Let's talk about some of the now. In point lonsdale beat reach for the moon in chesham stakes lasca earlier on in the season indeed neurons lebron's challenger remained unbeaten in charity stakes. In orland over the weekend whereas john gosden charge when the slower states. Sundown how do they compare and he would. You rather be on going forward in terms of next year's two thousand guineas when lonsdale is the seventy one favorite. Reach the main double. That price thought that reach for the moon looked far from the finished article. Mad at sandown on the weekend. I thought they still pit free. And a navy stuart little bit green as well but some like the mighty powered how he was really strong up the straight at sandown which is always a good sign of course is a race that john go often as one which some small before i think he wanted with raven's pass and To don hots and some of these other stars competed in it as well so he obviously holds rates for the moon in high regard and when Finished second behind point lonsdale. The point lonsdale was spectators. If defeat was out the question they don't get it wrong too. Often it ballydoyle. Do i end the vibes. Coming out of the then with a point on there was very very good. Oh so the fact that reach for the moon was able to give him a write in the pair. Ford i think three and a quarter arrested some escort. Mark those down as possibly to the best two year olds we were going to see the season so it's proving because obviously point lonsdale won very impressively at the curragh on saturday night as well a very very short price. Double if you wanted to do it. But i don't think you you would've ever had any worries Because point lonsdale might oh and looked relentless. He looks a bit more professional. A typical ballydoyle Typing the looks right. He looks like he's already finished. Article in some ways in a probably will keep on improving given the way that they train them but he barely does put his head down trying battle. Awhile wouldn't be anywhere. Anywhere is about summit. So i think that he will be the almost the ideal type for next year. She's not as appropriate for daulby. And i think they are two of the best to euro coats. We've seen this season and not only that..
With Friends Like These
"stuart little" Discussed on With Friends Like These
"Hear my full interview with comedian. John hodgman a few weeks but he is so delightful. I wanted to treat you to his adorable segment a little early stay tuned to hear more about his cat. Lolo on this week's with doorbells like these john. Thank you for your door with us. Thank you. I've won adorable and one and one pet. A cat is possible. That i could have two cats and only one adorable as you. Well know could you please give us the name of the animal adorable and describe. Our cat is named margallo would is not an anagram for mar-a-lago. She was named after the bird in stuart little We call her lolo. She is a part of maine. Coon cats but beyond. That don't know we know that that she has that main cat in her because she's got further between her paws and her primary quality is she's really not very smart and i've had a lot of cats in my time and they tend to be fairly clever but what is so adorable about low. The dumdum cat is. She is really dull. She stares into space vacantly. And i've seen times when she will go sit under a coffee table and then stand up and hit her head on the coffee table. No i've ever witnessed this little spatial awareness as lola. The dumdum cat is really. It's really fun to be around. How did your adorable come into your life. My wife was a whole human being in her own right. was getting her hair's cut and the person who cuts both of our hairs as fosters rescue cats and Holly showed showed. Catherine i was all persson euro. Write a picture of this cat. She was fostering and it was just known to catherine that we would be living with that cat for the rest of their lives. There was just an immediate iphone connection so he took. We took the cat in. What's the most you've gone out of your way to cater or spoil your adorable I was the only one who bought lolo a christmas present this year. I i am i. We celebrate christmas and a secular way and no one got her a present. And i didn't at first either and then i noticed that she seemed a little annoyed by it because she's not intelligent but she is spiteful she's a cap after all and she seemed annoyed that we're opening these presents so i went and i got this little Soft cat cup like a little soft cat bed. But it's very hype walden like a cup fleece cup. From a from a c- a cat store in in blue hill maine where we spent our time. And i brought it back in. My whole family laughed and laughed and laughed at me saying she doesn't want to christmas present and she's to two huge fit into that thing anyway. I said just wait and week pass. Nothing happened week pass. Nothing happened and one day. I came back and i don't know how she did it but she got herself into that thing and was so happy and both she and i had vengeance on our whole families. Is there anything better there. Any better way to honor christmas than that vengeance upon our whole family. What is lola's funniest or weirdest habit or behavior. We used to think that even though she's not smart that she his secret genius quality because when she saw bird outside she would make a very special noise which you probably know. Which is i think. And we thought that she was the only cat who did that. And since then. I've learned through instagram and other sources that it is it is actually a pretty common though mysterious behavior that when cat spot prey particularly birds they make they vocalized very distinct way. That is nothing like their regular now and we hear of course believe that. All animals are emotional support animal. Yeah and how has the low in particular helped support. Your emotions supported you. There's i mean we've all disgusted. You know we we we. There are four of us in our family. Catherine the human that i share my life with and then to rapidly aging adults that live in our house and demand things from us and.
MyTalk 107.1
"stuart little" Discussed on MyTalk 107.1
"Kinds of goofy photos. Yeah. So are you going to be forgettable? Are you going to? Um, I am going to say you're ugly. I don't um I I think I'm okay with them. Saying that you look old as weird as that sounds because I am like I think I did some cool stuff back then. I don't want them to forget. Yeah. Like I worked really hard at being interesting back then I I wanted to be a value. So, yeah, I'm just going to have to look old. Probably looked like you were five then, anyway, exactly. So they're like in comparison to how did you look back then? Now you're You're 30. Yeah. All right. So all right. Would you rather would you rather find a rat in your kitchen or a roach in your bed? Red in your kitchen, Roach in the bed. We know what Alexis is going to answer Roaches in the bed. Okay. You just not. Not about the rodents, rodents regard, Jer. He's probably when she might get sick right now. Just okay, alright. I didn't know I should have given a trigger warning before I got to this question. I would have done that. Like dawn in the ocean. Oh, okay. And the rats? Yeah. But you're not Stuart literally over there. No, no. You know, I think maybe some of my source material and I was younger still makes me like I think that mice are still bested me to Stuart. Little. Yeah. So all the Stuart Littles and I was like mine. It was the mouse and the motorcycle because I'm old And so I I can see them as charming and nothing about Roaches. Okay, either I'm nothing about rodeo. I'm like that. Just be the rat their their growth. Apocalypse is coming. I didn't clean my heart like there's too many reasons why I'm just like know about Roaches. Sort if I have a demon in your house if there's a bunch of Roaches in your bed, right and exactly the window. Yeah, I'm not going with it. And my family. My sisters have had pet rats. I'm okay with with road. Yeah, my brother did too. I think that's why mighty Mary did a number on me. Fair enough. They're nice. You married? Uh huh. She just was wearing you out. Yeah. I I do love all animals. I'm just saying that you don't have to love that one issues. You know you can break up with the rodents. That's okay. Okay. Thank you. Thank you for all right, And this may be something that happens to either of us are all of us at in some point in time, would you rather always have a full phone battery or a full gas tank? See both very practical things. Yeah. Mhm. Oh, we haven't had this one. I think I ought to go with the phone battery realism I can call for help. At least fair enough. Fair it, okay? That is logical. Um, I think I would always like to have a full gas tank because that is cost prohibitive. So I'm like, I'm thinking that maybe it does not cost me to have to recharge my phone on the regular Like I had to write myself a note this morning when I got in the car because I always forget. I'm like, Oh, you need to get gas after this. Like I look down energy crisis yet, So I'm like, Oh, it's telling me 12 Miles. I'm good, like an adventure in the challenge, don. Well, I'm apocalypse girl, So I need to have a full phone battery in case I have to go on the run. Okay. All right, Fair enough. Fair enough. Alright, I'm down with that. All right. How about this? Would you rather where the same socks for a month or the same underwear.
Boomer & Gio
"stuart little" Discussed on Boomer & Gio
"Baffert so he's boy. Nhl playoffs game. five islanders. And i did think that though he looks great night. I wonder like we do win. Justus h what are we doing. It looks pretty damn good. I mean you look good too for sixty. thanks jer. Everybody to me because because we're talking about like players at their advanced age. You shouldn't be doing this at fifty just like tom. Brady shouldn't be doing what he's doing at his age. It's i did did go through my mind. You only thing that went through my mind. Honestly after all the things that he had been talking about the last couple of months would be admiral. The only thing focus our focus. I know does a how many times talking about his game down. And all this other stuff and i mean yeah i mean. It was excruciating. They teed off at two-thirty. They did. Yeah it was seven fifteen. I think something like that Nhl playoffs game five islanders penguins from pittsburgh tonight series even to two to as ours l. Shoot the puck. Shoot the puck pock. This is just an now. shoot the puck. The avalanche completed the sweep of the blues bruins ousted eliminated the capitals predators. Mccain's don't bruins right. You said blues is the bruins. I heard bruins okay. So yeah because the blues got sweat. I said the avalanche struck a blues. And then the bruins to care the capitol right. And then you've got predators hurricanes in double overtime four three series even to the jets up three on the oilers winning in overtime about that. Five four the morning show with boomer esiason and greg hardy boomer and geo there was only one choice to watch the game if you were local and you got. Msg had to listen to breen clive posts interesting watching that broadcast was. I didn't see spike lee one time now. I saw a little bit of john. Stuart little bit of tracy. Morgan didn't t spike lee. A one time during that broadcast watch a little while he was all over the ten t broadcast. I was going back and forth. I wanted to listen to greg anthony. Because i like greg and i think he does a really good job and i love clyde and mike. I mean there's no. There's no question about that so i was kind of going back and forth. Well when i saw the highlights when i'm sitting there and i'm watching this morning on highlights they're playing the highlights and spike lee every five seconds. So that means jim dolan told. Msg no spike lee. Yeah that sort of thing. So don't don't don't even show them. I don't care if he's paying for tickets or not. Don't even show them but after that whole thing about all they wouldn't let me in the special entrance or whatever it was that whole deal and he's done with the knicks. Now he's back. I got there was no spike lee. Not so well. He said he was all play. You got plenty of camera time on by the way you know. We haven't even talked much about it than the nets just steamrolled through the celtics. Fourth quarter and kevin durant. Looks like he's fine. Yeah i mean they're just any all. They need a bucket. They'll get a bucket from one of those guys. just he was again. He was the same guy that we saw in golden state. That's the kevin durant that. That's basically virtually unstoppable stoppable. The celtics aren't gonna put up much of a fight in this series. I mean it's it's going to take either. I mean i don't even. There's not a team in the east. I really think it's going to maui the team in the west. I'm look. I say if the three of them stay healthy was telling jerry this last week there sixteen and five and they're winning the championship. I'm telling you if the three guys stay healthy after watching. It's a long way to go. But man you they're they're they're. All unstoppable ten stop. Offensively unstoppable forget. It doesn't matter who we are all right. let's go to robby. staten island. It's up ravi. Hey what's going on jail Listen i'm not gonna sit here all morning and cry trae young and the and the phantom fouls and all that. We deserve to lose that game. And i'm a die hard knick fan and tell you white how many freaking free throws it we miss last night. Where eleven of cain. Where eleven of fifteen on three say are boomers. We miss four. they missed. i think they missed. Might they may miss too. I think that's so why. Why i didn't think the free throw eleven. We were eleven big problem we points. We were eleven of fifteen they were eleven of twelve. Yeah i mean early on the back difference right there i mean i know when the game started every free throw attempt was was going to be a problem. Julius randle our top. I mean you can't miss shots like that. Jewish ramble had away. He had rocking them. You can't do it man. You like ninety three organ choke you. Don't use the chokwe. Say that. But i didn't think that missing free throws a big issue. What i thought was julius. Randle wasn't very good and i also thought defensively. That was one of the worst games. I've seen them play. What is this is probably like the seventy first or seventieth game that julius they didn't play every game in the in the regular season right so this is the worst game that he had all year. I think i would. I would say came the worst time. He had a really bad one as we mentioned earlier. First game out of the all star break two games he's played and maybe there's a correlation. They were time right and the thing about it is like he owned up to it after the game goes. It's a seven game series guys. It's not a one game series. As derrick rose says not playing game. It's a best of seven. Yeah that's the way i mean. It's just it's funny because it felt like there was some sort of finality last night because we haven't had the knicks of the playoffs in a long time. It's a it's a grind. One game push you haven't had fifteen thousand people in the stand. I know i know all right. It's supposed to be supposed to be contested supposed to be difficult. It's supposed to be you know it's supposed to be a team game and will come up with some new wrinkles or he'll show the film to these guys and say look we can have stuff like this happen and you know and we all know who the catalyst says for the atlanta hawks. Everybody knew coming in and board sell out last night and unfortunately final possession. He gets free and he makes running a floater. So what can i tell you great player. That's what typical task is during this these days off. Isn't it remind you a little bit of the sons and chris paul. Oh yeah chris. Paul taken the game over for But the tipo task these next couple of days is make sure that julius randle can be more effective and slowdown trae young. Those are the two things and reggie got hit some balls. So let's go to nick and vernon nick. What's happening some ball. Boys good morning ranger. Fan here boomer. Yet last night mass square garden was rocking thanking god. And this time and age. We needed that man. I was watching the rangers there to man. Yeah me too. I was thinking about the knicks. The knicks you know they have the to me a fan base said that spreads out all five boroughs. And that's they're more of a national story. They have their their fans. That's your but the knicks. The big fan base and when the knicks are good. It feels like new yorkers right of course heels could've brings people together. yeah absolutely. I mean this is something that has been a point for a very long time. I mean there's nothing more new york sports in my opinion than the knicks are good so for sure i mean the last night you gotta taste. That just ended with a bad taste in your mouth. Brian and rockland. What's up brian. Hey good morning john ryan..
Art Talk
"stuart little" Discussed on Art Talk
"Welcome to art. Talk podcast. i'm your host standpoint on a co-host erin. How you doing. Pretty good about browning vertical. How are you good. You feeling above ground vertical. Well you you. You still have an address second shot. Yeah and you're and you're helping your mom move. Yes and that's always fun moving. Yes yeah and and you're dealing with your car and you've got all kinds of stuff on so you're busy busy there you're gonna spend busy and outside or not that's right. It's ninety degrees. It's ninety degrees hot. It was it was cold. And then i walked outside the next day. I'm like the web. The the summer hit in one day you went from forty five fifty or whatever it was that was ninety nine hundred global warming of course not no controversial issues on the show. So i'm gonna say a couple of things real quick before we get started where today where as you all know. If you've been listening to this podcast we've been injured interviewing anyone who's created so stand up comedians belly dancers we're gonna be interviewing actors a lot. We've interviewed sculptors and artists today. We're gonna be talking to a young man whose produced the film. he's an art dealer is Worked at auction houses. That can also an author but before i get into that i want to just make a couple of quick comments I did a podcast in the past that has to do with the value of art as a continuation of that idea when add a few comments today and in future podcasts. Again to help people who own art but don't have a good gauge as to the value of the art so when you're searching for a work of art that does not include any paperwork or a certificate and can't find any printed text on the border of the prince. Or maybe you have an original with no signature able. Let's say you have a painting of a woman you found it in the attic or whatever inherited it. There's a woman in the image. He's gathering fruit. There's like two sheep in the image. The painting looks vintage and you have absolutely no idea but what is value is where it came from or even the artist is so in the past. It was a common theme For you'll see a man harvesting you would see a woman. Picking fruit is common themes of painting so people painted what they were familiar with. So you'll notice today's art. You have a lot of digital things going on in the past. You had a lot of oil paintings of very traditional everyday life. And that's what you see so allowing you start your search online. You wanna be real specific with that description so be sure to add the word painting oil painting if you don't see a match for your image expand your search look to see the medium if it looks more like a palette knife art than a brush art for example Search for women to sheep palette knife painting vintage something along those lines. In some cases the art can't be found online. I've had to try to find art in hardcopy books in the past. That's really time consuming. But it's the same as the internet in the sense that you're searching for a match The downside for consumers is that we in the art industry have archival material that most people will never see but again there are ways to find the the art for example if you think the art is by flemish artists. Use your search. Include that if it looks more like an italian artist then you have to try to find it that way. I remember helping people who have no painting with no signature. No certificates volatility took out three weeks of occasional searches looking through art books before i found a similar painting that gave me an artist. Name within searched under that artist found a match for the unknown art Once she had a title we call the dealer who sold that specific art and he bought her painting so he could resell it as part of a larger collection of That artist's work so it is possible to move the art and you might have something valuable so this this is why i'm giving information. And just say you know in two thousand nine art historian gergen of this name. Property wrong about i believe. It's gra gaily. Barky was watching the nineteen ninety nine film stuart little with his daughter. Lola when something unexpected happened in the background of one of the shots he spotted what he suspected to be a long lost. Nineteen twenty seven nineteen twenty eight painting by a hungarian artist named robert bahraini the set designer who originally obtained the painting said he found it at a local antique store pasadena california. You paid a low price for a work of art turned out to be worth two hundred and eighty five thousand seven hundred once it was resold so An and this is more common with prince because so many people in the past decorated well known artists words but they were in the form of anti prince so years later people have inherited those prince though you know stick them in storage or or take him to goodwill or whatever not knowing what they have so anytime you see a hand signature and pencil lower right and addition number lower left of an old print on always check the value before you give it to a thrift store sell at a yard sale. If you're having a tough time identified a work of art you can always message me via our website which is art work. Podcasts dot com already so That's my spiel today for a continuation of my helping people with art. Sorry to hear noises on moving things around. So i want to get to our interview because we have a really interesting guests today. His name is joel. Miller and joel is a filmmaker and art dealer worked at an auction house. Recently an author he was also rhody so we should have him on the line with us. Or you're with joel. I am here. Hey how you doing good. I feel like the jack of all trades. Thank you and I used to say head cook bottle. Washer so We're in southern california. Where are you located. I do In the san fernando valley. Oh nice okay good and feel free to speak up Can you hear me. okay. I hear you okay. Good good so So joe again. You're you're a experience pretty vast. So i mean it. Can you tell me. Do you remember Whatever whatever your first memory is of doing doing something created that you you really recall what it was and why it got your attention. I wrote a book and fourth grade. Yeah we'll everybody in the class. Write a book. But i got little. Got the gold sticker awards from the teachers. These two guys about these pirates.
Jeather's Random Stuff
"stuart little" Discussed on Jeather's Random Stuff
"The water heater. I've seen this vicious made it. So i really don't wanna confidence. It was just like wow dan all right next one. i know. Megan yeah. Come on man i know. Okay what is the official name of moonlight sonata. I said what i knew. His his unfinished symphony does the second symphony. The fifth the fifth symphony sixth seventh set forth. Third it's not. He has so many more than the eight. Fuck we're done over here bohemian rhapsody. I'm sure that's about. That's i'm very sure so. Close piano sonata. number fourteen. o our ways double enclosed. It says we're going to get it mounted over the next time my brothers here. We'll shit mounted okay. Go ahead this family you want. I know you might know this one. I highly doubt it. I know where the movie stuart little take place in england and shit. Boston new york new york. Boston damage was new york. Why do you hate rats kyle. No it's just a little. Don't only stuart little only stewart. Imagine urine orphanage rate and family comes in picks a fucking rat over. You was a fair point. That's a fair. Point is their point is weather looked at the orphanage. Take or taken the rat. Why didn't they just like rat poison. Why why didn't it go to the animal shelter. Yeah right was it. It could talk inhumane guys. That's not the way the writer wrote it. It's like a higher level of intelligence. Yeah go let's move on. Move on he please in. Which movie did eddie murphy play. A character named prince akeem into america. Yes i haven't even seen that movie but you watch everything you see every preview you know everything is coming on this thing. I don't watch tv. Hardly ever watch tv. I don't i watch football. That's it and that flicks live tv on your tv. Go ahead may know if you if you. I know you like horror movies. You might like this. I do love horror movies. I don't think you've ever seen this one though. Who directed the nineteen eighty-two movie..
The Patriot 1280 AM
"stuart little" Discussed on The Patriot 1280 AM
"Of Abraham Lincoln on Children. You love to know what a third graders biography of Avery I'd pay for that. Yeah, well, they thought it was gonna be a golden books and a Children's story about a mouse, which would have been essentially copped from Stuart Little bit right. Right? My father said No, because my mother had been a child star, and he said, Look what it did to her. So I'm not gonna let you do this. Did her? Yeah. Oh, it did to her, But believe me, but So so I What was the question? What's capital of North Dakota? Bismarck? Okay, all right. Well, that's yes, it appears. So Wait a minute. So you were, um You're leading up actually to question I want to ask, But you were you were talking about how you were raised in a room with black linoleum and how you're really were not You were left to yourself. They're getting later and do you now You seem very cheerful. It doesn't strike me that you're thinking of this as neglect or something that you or maybe it was neglect. But you simply aren't bitter about it. But it sounds like neglect. No, no, it wasn't neglect. What was it? It was neglect. Yeah, but in the best sense of the public, but my my parents, I love my parents, and in fact, I was crazy because You know, I spent most of my life my young while my father was alive. I can see why they did this because they probably knew what was coming. I spent most of my life telling my father Asking him questions. About his life. So I feel really I do as if I were born in 19 4 because I have spent tens of thousands of hours listening to every detail of his life. And he had a photographic memory. Hey, was famous for it. He could He could someone could say to him, for example. When was the last time you were on 26th Street between 3rd and 4th Avenue? And and he would say. It was in this'd be 19 fifties, He would say it was December 17th. 1936 and they would say describe it. He could tell you everything that was in the store windows. The the cracks and saw everything. He had a complete photographic memory. So I trailed him beginning when I was very little asking him questions about starting from His earliest memories. And he lived a very adventurous, interesting life. So so essentially. That's why I probably they put me in the room with the little Liam because they knew that I'd be pestering them right in the need to catch a break. And that was the only way he could get away from you. Well, it's interesting. This brings up another quality in your fiction. You don't write. Thank the Lord like most contemporary writers, and I think it's like reading someone from a different generation than you are. Yeah, in the soldier of the Great War, which is about a 74 year old man. Strange enough. So's Paris. He's also separate for I wrote a soldier of the Great war beginning in 1980. When I was let's see a 33. And I've always felt like a much older person because I've sort of Absorbed my father's age on guy. Also, I started in a different time. And I'm gonna throw back to a different time. And I never succumb to the pressure to conform to this time, and you know, and you shouldn't ever do anything that that you would lose sleep over that you'd feel bad about But where will you show.