35 Burst results for "Torres"
Discerning Hearts - Catholic Podcasts
A highlight from LST9 The Passion of St. Therese The Letters of St. Therese of Lisieux with Fr. Timothy Gallagher Discerning Hearts Podcast
"The asserting hearts .com in cooperation with the oblates of the Virgin Mary presents the letters of St. Therese of the suit with Father Timothy Gallagher Father Gallagher is a member of the oblates of the Virgin Mary a religious community dedicated to retreats and spiritual direction according to the spiritual exercises of St. Ignatius of Loyola He is featured on several series found on the eternal word television network He is also author of numerous books on the spiritual teachings of St. Ignatius of Loyola and the venerable Bruno Lanteri founder of the oblates of the Virgin Mary as well as other works focused on aspects of the spiritual life The letters of St. Therese of the suit with Father Timothy Gallagher, I'm your host Chris McGregor So this is May 9th of her final year she dies September 30th The symptoms are not yet at their worst. It's tuberculosis. It was tuberculosis that would take her life We've mentioned earlier from a very early age Therese, she had bronchitis every winter and she had whooping cough very often For several years the sisters had already noticed that her voice would get hoarse in the morning and in the evening Her cousin Marie who was the daughter of the pharmacist and whose letters are very helpful because she has a bit of the Doctor's eye and she describes more clearly than any of the others the symptoms Therese is undergoing as she's writing to family members and others They were worried. They could see that something was not right and a year earlier on Holy Thursday and Good Friday. She has that coughing up of blood Which almost incredibly was not taken as seriously as it should have been Now Therese herself to be fair in all of this Therese herself is in part if we can say this of a saint to blame because She minimized the symptoms she hid them as long as she could in fact when she had that bleeding She never said anything to her sister Pauline who only found out much later because she didn't want them worrying about herself and She struggled to keep up with the discipline and the the daily or Arrium and so forth of the monastery Carry out her tasks even at times just even to walk up the steps. She would almost have to stop at each step She would go through the day with fever and chills all of this has been going on but The symptoms will get to their worst in August where she has a month of excruciating pain But the tuberculosis is progressive and what it's doing is it's eating up the lungs and it's progressively getting harder and harder for her to breathe So a book by this Bishop whom I mentioned as perhaps the primary scholar of Therese He's not a dry academic he loves her and he writes well about her and with great knowledge This book is entitled the passion of Therese of this year, and it's by Bishop Guy Gaucher G -a -u -c -h -e -r And in one chapter in this book, he describes the symptoms that Therese undergoes with the tuberculosis So he entitles this section here from Therese words. I didn't expect to suffer like this. Oh Some of the remedies that were done and Therese bore them She knew they were going to be useless She's like her mother in this. Zelie never had much faith in the remedies The doctors would offer. Of course medicine was not at its present level at that time I'll only mention one of them which is just kind of hard for us to imagine It was called pointe de feu points of fire and what would happen was they thought to increase circulation to help the body a Needle would be heated to where it was red -hot and it would be applied to the skin of the person and Therese had this done several times up to 500 applications of these needles like this Now you can imagine the condition in which she would return to her her room or her infirmary the infirmary She bore all of these things, you know gives a whole new meaning to her expression about thousand little pinpricks. Oh My goodness, is that a possibility of something that I mean in that experience, I mean it gives it a whole new dimension, doesn't it? Well, it's really hard for us to imagine You know the kinds of things that end and diet foods that were just very difficult for her to eat and so forth You know it was and some other things I won't get into all the details But part of her martyrdom is really the only word for it Was the medical attention such as it was that she was given because she was also left without medical help At times when she desperately needed it and also morphine was available to sedate pain But the superior never allowed it now to be fair to the superior when she later herself She died of cancer a very painful death. She would not use it herself It was just considered something that nuns would not use, you know So it was not as though she was simply being cruel to Torres and although in effect it meant that Torres bore excruciating pain with no mitigation at all in these last months of her life But it was not necessarily out of bad will There were also other things involved There was a doctor who was the regular doctor for the Carmel and who was a friend of the superior and good man One of his sons was a priest But when he was away at times a family doctor that this actually was the husband that her cousin Jean married Could have come and helped but the superior just really didn't didn't want that So especially during that month of August when she went through the worst of her pain She had no medical attention during that time. Can I ask you this? I mean What would those sisters going through her blood sister is going through watching this? With this superior that didn't seem to be responsive. I It was terrible. In fact Surreptitiously on a few occasions they mixed a little morphine into drinks and things they did the best they could To try to help her in that situation. This was Torres of the child Jesus and of the holy face very much It's her passion. That's the title of this book that we're quoting So I'm just going to list the symptoms now these symptoms as I'm as I'm saying We're not yet at this stage in May when the letter that we're reading was written But they indicate throughout this time to res continued to respond to letters there was a seminarian Maurice Belair and The very nice book has been written on this by Bishop Patrick Ahern. That's Maurice resin Maurice the story of a love a seminarian who was really struggling Wrote to the Carmel asked if a sister could pray for him the prioress asked her as to do this So in this last year and a half or so of her life You have this handful of letters that he writes And then her response. It's always the same he respites rights discouraged by his failures He writes back to encourage him. God is calling you to be a saint. I know it you can do it But especially for this I'll just quote this one instance because his need was so great in the midst of these kinds of pains And with a trembling hand with the pencil Torres would write sometimes even lengthy responses to these people So that's when you read them on a page. It looks like they're nice Sedate letters that that was not the case All right to describe the symptoms of the tuberculosis So the bishop says fever and profuse sweating for six months So that does include this may that we're looking at Torres suffered from a fever which fluctuated Sometimes her back was burning like fire Sometimes she was perspiring so much. She became dehydrated Digestive troubles Torres suffered frequently from nausea often losing her meals even before she became bedridden The doctor prescribed milk for her. She had never liked it. She could not digest it She continued to take it forced it down knowing what would happen Respiratory troubles as the tuberculosis spread through the lungs Torres suffered pains first in her right shoulder and arms then in her left side the continual cough emaciation Strikingly when you look at the photos of Torres and this is typical from what I've read about this her face looks unchanged Her face looks healthy and all the photos that you see and in fact This was one reason why many of the sisters didn't really believe she was very ill to look at her She seemed fine So she didn't get a lot of sympathy from many in the Carmel as as she went through this But underneath the habit she was becoming a skeleton Normally the face of a person suffering from tuberculosis takes on certain characteristics, but Torres face remained almost the same Her voluminous Carmelite habit hid her thin thinness and her face was full Only her thin hands betrayed her That's all you could see through the habit and gave the lie to the healthy look and the emaciation itself caused various afflictions weakness powerlessness and distress People suffering from tuberculosis like this obviously would have deep emotional discouragement and depression and pain They did the prodigious remedies customary at the time but ridiculous today do anything to alleviate all this suffering Basically the answer to that is no that they really didn't do much Right, that's and of course add to this that Torres is in the heart of the spiritual darkness at this point Which is centered on? This sense powerful in her that heaven is not real that when we die everything is over and She is making more acts of faith as she'll say than ever in her life at this point She writes these lovely poems about eternal life the sisters comment on it and she says I am writing about what I wish to believe So she is this is a martyrdom, you know This is a passion that Torres is going through and that's the context of this letter that she's writing So this is the second Person this case already ordained a priest that she was asked to accompany spiritually and it was a father Adolph Rulong Who was destined for the missions in China where he actually spent 13 years? He stopped by the Carmel at one point can't say that he and Torres actually saw each other because the grill was in between Although they tried to work it so that Torres was the last one.
The Aloönæ Show
A highlight from S14 E11: MarketingBoost Founder's Sales and Scaling Success
"Hello, welcome to The Loney Show. I'm your host, John Mayolone. In this episode, don't have regulars, cause reasons again, sadly. As for our guest, he's from USA. Currently in Port Charlotte, Florida. He's the founder of MarketingBoost .com. Ladies and gentlemen, I give you Marco Torres. Hello there, glad to be here. Fantastic. So, how's life? Peter, life is good. Right now I'm actually traveling in Colombia. So I've spent a few weeks down in Cali. And before that, Mexico City. So I've just been on the road, kind of a digital nomad these days. Okay, that's cool. And besides that, is anything else you up to recently? Well, just know, I mean, working hard and playing hard and enjoying business owners use travel incentives to grow their business, which is my, currently my main focus in business is to help others travel more affordably. Ah, very nice. So what is it you mainly do for a living? Well, I sell travel, but the main thing that I focus on today is a business we call MarketingBoost .com. And what we do with MarketingBoost is we serve entrepreneurs, business owners around the world by giving them what we call the wow surprise and delight factor. With a subscription to MarketingBoost, it gives them the ability to offer complimentary hotel stays in 130 destinations around the world, hotel savings cards and restaurant savings vouchers that they can use. And we teach them how to use these incentives to enhance whatever their call to action is. So they can create loyalty programs, trade show giveaways.
Tech Path Crypto
A highlight from Tom Emmer Pro-Crypto Vote Tomorrow! | DO THIS NOW!
"All right, so the speaker battle is heating up right now, and what looks and appears as though maybe Tom Emmer is going to be at the front of the pile. We'll see how all this plays out because we're going to get a vote tomorrow. We'll break that down, but give you guys some insights why this could be good for crypto. My name is Paul Baron. Welcome back into Tech Path. I want to get us started today, but I do want to thank our sponsor, and that is Tangem. If you're looking at going into self -custody, this is, I think, one of the best platforms out there for self -custody. It's a card platform that you can use. If you go over to their website, you can go into the simple do -it -yourself card, which is going to auto -generate your seed phrase, or you can get into a version that's going to give you a seed phrase option. So you've got both options. Make sure and get the three -pack. Use our code down below. It's going to give you an additional 10 % discount. So that does help the channel out. All right, let's get into a couple of things here today. I've got a few clips here to play out. To give you one, a recap of where the speaker is and why this is such an important role, especially for crypto. Let's play this first clip. Two would -be candidates, Majority Leader Steve Scalise and Judiciary Chairman Jim Jordan, ended up withdrawing their names after not having the votes they needed. The standstill preventing Congress from taking any action on crucial issues. Nine candidates filed to run by Sunday's deadline. The highest ranking among them, GOP whip Tom Emmer, has already earned the endorsement of his former boss. This is not a time for a learning experience as speaker. Tom would be able to walk into the job and do it. A secret vote with the GOP conference is scheduled for Tuesday. Congressman Mike Flood is encouraging Republicans to sign a unity pledge, promising to support whomever wins that vote. He can only afford to lose support from four of his Republican colleagues. In a letter Saturday promising to always be honest and direct and never make a promise he can't fulfill, Schultz says Emmer represents a compromise candidate for a divided Republican party, adding that Emmer appears to have plenty of support and respect among Republicans. All right, so, I mean, it looks rosy for Emmer, however, there is and most likely going to be some pushback. This most likely will come from the MAGA side of what's happening in the House. I want to go to this next clip on what happens tomorrow in terms of the vote. Listen in. I think we will know probably by one o 'clock tomorrow who that speaker nominee is and how close they are. Will they be able to start legislating again quickly or is there going to be too much back and forth? I think that right now we're in a situation where if a speaker does not come out of this around here, I think it increases the pressure to come with some kind of an agreement about a temporary speaker. There is a lot that the House needs to get underway. And of course, getting a speaker in line is very, very critical. Here was a clip on Ken Buck, kind of because he was one of the first to actually flip on Jordan and be pro Emmer, listen to what he had to say. He did not vote for Congressman Jim Jordan, instead voting for Tom Emmer. Well, I guess my first question is, do you really want Tom Emmer to be speaker? No, I don't. I don't like Tom Emmer. I figured this would be the worst job in America. This is a terrible job. So just to underscore that you voted for somebody because you don't like them. I voted for somebody because I wasn't going to vote for Jim. But but you. All right. So you can kind of see the quandary that the House is in. They don't want something so far right. But at the same time, they're not necessarily, you know, positive on what Emmer's stance is, because remember, Emmer is a very pro digital assets lawmaker. And I think his position right now will start to really press the House in terms of things going forward. Politico had an article right here. Trump's tells allies he didn't support Emmer's speaker bid. So this is already starting a little bit of a kerfuffle with not only within the House itself, but also some key components of we'll call it the MAGA machine. I want to go to this next clip that is kind of interesting. This is Steve Bannon talking about Speaker Emmer. Listen in. Remember, Tom Emmer's the biggest of all the never Trump congressmen out there. He's a guy who hates Trump, a super bad guy. If you take out Emmer, you look at the other eight. Hey, there's some good people there. The first thing to do is to stop Emmer today. Once Emmer stopped. Just want to repeat this. You have decapitated decapitated you. This audience did that. Nobody else did that. You did this. So interesting stuff there from Bannon. Again, you know, obviously a very pro MAGA position here again was Roger Stone. If Republicans are going to select Tom Emmer for speaker, why not just reinstall Nancy Pelosi? They're saying, I think that this is the problem that we face right now in the House is that there's so much of this political infighting right now. We can't get these things done and it represents an opportunity for us to get when I say us meaning the American people get a pro digital assets lawmaker in a position of power. Not that the majority of whip is not a position of power, but the speaker of the house is a position of the power and could help really move things through from a regulatory standpoint. I want to jump over to this next clip and this goes into why MAGA is not in line with what Emmer is all about. Listen to that. Is he too moderate? And I put that in quotes. Is he too moderate for House Republicans to unite behind? Absolutely not too moderate. They are all extremely hard, right? Tom Emmer would be the natural pick in a moment where everything has collapsed and you just reach for a consensus candidate. The problem is, Katie, he is one of the members that voted to certify the 2020 election. And so Donald Trump is suspicious of him. It only takes a handful of people who say, OK, Mr. Trump, I'll oppose Emmer. I agree. Emmer is probably the front runner, but Emmer get 217 votes on the floor, not if Donald Trump says don't do it. That is going to be the question here, because if he doesn't win over some of the Republicans and there's only a handful that he has to be able to do this with, then he's going to lose out. But I think we as the American people will lose out just equally as well. Here's why, though, it's so important to the crypto community of why Emmer should be the speaker listening. Crypto saying this whole industry is a fraud, is a scam. It offers no value. It's all play money, et cetera. And then you get to the very end, say the future of our finance in this country is going to be Fed now and the CBDC. Right. Wait a second Fed now. Oh, yippee. I think Fed now will probably work about as well as the post office. All right. You will not have real time clearing. And if you do, you got to worry about everybody who's watching that transaction and scraping data out of that transaction on behalf of your government. The Republican Party has always had its issues with a party purity, right, constitutional purity. And I'm better than you and I'm more in the religious right that factors into it. So we have all these, if you will, melting pot of these different political persuasions. But you've got some good Democrats. I'm going to tell you right now, by the way, their political persuasion probably leans even farther left than I would care to acknowledge. But it's not about their political leanings, just like it's not about Tom Emmer's political leanings. This is an area of finance that literally defines our freedom. I got news for you. That's not a Republican or Democrat thing. That's an American thing. And whether it's Richie Torres, whether it's Darren Soto, who I do a bunch of different bills with, whether it's Ro Khanna, I think you've got to be a little patient with them and I'm not here to to defend them. But I think you've got to be a little patient with them because maybe they are measuring their words because they happen to be under a Democrat administration that they disagree with. Quite frankly, this is what frustrates me with Elizabeth Warren. Elizabeth Warren, if she truly believed in the American value of self -determination, if she truly believed in individuals right to make their own decisions, would she claims she would champion crypto? It's very clear to me that she's nothing more than a big central bank power hungry leader who sees her power essentially being diluted and taken away by this decentralization of our financial system and our financial transactions. And she's desperately, along with the establishment, the institution, she is desperately clinging to hold on to that central banking thing, because that's where their power is. This is a good example of some of the things that are happening right now in our traditional banking system. And these are the things that decentralized assets, especially around digital assets, could solve. And one of those, of course, right here from The Daily Hodl, JP Morgan, of course, coming in now, being sued allegedly for terminating accounts, failing to return about 1 .1 million. So this was purchased through CDs to a couple, individually purchased some CDs at a branch, at a Chase branch. The bank basically closed their accounts and the bank said it mailed out checks to them, but they never got them. And then it all went into, well, give us the check numbers and they couldn't provide those because they never got the check. It ended up having to result in a lawsuit to be able to just get those assets back. These are the kind of things that are happening in traditional finance. And this is just one of many things that are going on out there within TradFi. And I think that's the point that Emmer was making with Elizabeth Warren. But more importantly is that we need to get to a point of decentralized assets as an option that isn't being pushed down by overreach by the SEC, etc. Even Trump, ironically, has an Ethereum stash and it's growing or continuing to grow whether he wants it to or not. The idea of him doing NFT drops and his concept around what he's doing on his collectibles is kind of unique in the sense that he might be against a speaker that's actually pro digital assets, which would be beneficial for him. All right. So whoever does win the speakership, the issue is going to be going through these eight Republicans. So if you if you recognize one of these people and I'll put the names down here in a second is now go out there with StandWithCrypto, I'll show you the website in a second. You can get more information on each one of these. But the list is right here. Let's going to zoom in on it. You got Andy Biggs of Arizona, Ken Buck, Colorado, Burchetta of Tennessee, Eli Crane, Arizona, Matt Gaetz, of course, Florida, Bob Good, Virginia, Nancy Mace, South Carolina, and then Matt Rosendale of Montana. So what I would do is just go right over to StandWithCrypto. You can go over and actually search out each individual person. It will give you the ability to call your congressman right there. You can get started. It's going to give you a little script and it's going to give you ability to actually stand up for what's happening in crypto right now. We are close, maybe the closest ever to getting a pro legislator in a position of power to be able to get some of this stuff through and really change, I think, the future of innovation around all of this. Now, not everything is great right now in terms of the House. And we're going to have a lot of situations, especially hearings, coming along this week. This is one of the things that is going to be happening is going to be a hearing examining the SEC's agenda, unintended consequences for the U .S. capital markets and investors. So that's one. Let me kind of zoom in on that for you guys. This one right here is happening on October 24th. Then we also have this hearing right here, which is the Modernizing Financial Services Through Innovation and Competition, another pro independent finance. And this will happen on the 25th as well or the day after. Then we have two hearings that are extremely negative to crypto. This one right here, which is the hearing entitled How America and its allies can stop Hamas, Hezbollah from invading sanctions and financial terror. You know that crypto is going to come up on that. I hope that we get a lot of the on -chain data analysis that has been put out there to show that they've been wrong in accusing crypto of contributing to that. And the last one that you have to watch for this week also is moving the money, understanding Iranians' regime access to money around the world. This is going to go back into the scenario of how are they getting cash. You know crypto is going to be coming up in that as well. So there's some very key hearings that most likely are going to have bills attached to this that are critical to the future of how this market is going to be flowing out there. So just be aware this is a big week in D .C. With a speaker, a couple of hearings on both the good side and the bad side of crypto. And I think after this week, we're going to know a lot more going forward, especially around legislation. Here's our S &P. This is on the four hour. So you can kind of see that clip right there on Thursday, the 27th. And then we've seen that bit of a downturn. You look at gold also, which has been on the rise, but has started to stabilize right here around the 1900, 1950 range, which is interesting because with Bitcoin continuing to fly right now, the question mark is, is this the top? We're going to be doing a video on that, so be on the lookout for that. Of course, if you guys are not in the diamond circle, make sure and get in now. It's one of the best places to get additional content from us. We do additional podcasts over there, some TA videos I think you will like. We just did one on Solana, also on APE and Render, all of which have been moving a little bit over the last few days. So check that one out. Just go to our substack, pbn3 .substack. You can find out all that good stuff over there. And of course, if you're not following me on X, make sure and do that. It's just at Paul Baron. We'll catch you next time right here on Tech Buy.
Thinking Crypto News & Interviews
A highlight from Fred Rispoli Interview - SEC Drops Case Against Ripple Execs in XRP Lawsuit! Gary Gensler, Elon Musk & Mark Cuban, Grayscale ETF & Coinbase
"There's for more the SEC to lose than Ripple to lose where we are in the case, which is why now the tables have turned and I think it's just better for them to settle. This content is brought to you by Uphold, which is a great crypto exchange that I've been using for years. In fact, I've been using them since 2018. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and 37 fiat currencies on this platform, and you can instantly swap between crypto and precious metals in these fiat currencies. So Uphold is a unique platform. If you'd like to learn more about Uphold, please visit the link in the description. Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is attorney Fred Rispoli, who is the founder of HODL Law. Fred, great to have you on. Tony, Tony, Tony, the SEC has lost again and it feels good. Yeah, absolutely. The losses keep racking up for Gary Gensler and the SEC. So Fred, for those who may not have heard the news yet, I don't know how that's possible, but give us the details. What happened yesterday? Uh, very quickly, we just got a filing come through on the electronic filing system in the Ripple SEC case that says the SEC is voluntarily dismissing with prejudice all claims filed against Brad Garlinghouse and Chris Larsen. So really this does not affect Ripple, the company at all. It only goes to Brad and Chris's claims, which were the only claims that were left to go to trial. There's some tangential aspects Ripple was involved in that we'll talk about, but from a procedural standpoint, getting the two individuals out and, you know, there was no settlements, there was no money paid by any of those two, no claims that there was any wrongdoing at all. I mean, just an absolute tail between the legs, a capitulation by the SEC. And I haven't read it. It's so rare for them to just lose and give up like this, that they didn't even file it right. And, uh, they have to like refile their give up, uh, notice to the court because they did some procedural error. Wow. Fred, it seems like a little bit of scrambling, a little bit of like, Oh, let's get this thing off the table because this is going to open up a can of worms for us. Why? And take us behind the scenes. Why would the SEC not want to continue this with Brad and Chris? Well, they just really had no case against them from the get -go it's goes all to your state of mind in this type of, um, remember it's not a criminal case. It's a, it was a civil matter, but this type of, um, um, civil liability they were trying to pin on Chris and Brad require recklessness, which you have to prove, you know, you knew about the risk or you should have known because it was so obvious and you just tossed it to the wind and there's just no way that was going to happen because, you know, the SEC knew about ripple and what they were doing for years and years, Brad and Chris spoke to the SEC. I mean, this would all come out in testimony and, you know, there is some sadness that Brad could not get certain notes that were taken, uh, by the SEC of his time when he met there, but they were, you know, unfortunate, but they were unnecessary because think of Brad on the trial. I mean, he could say whatever, I mean, he should say whatever's truthful, but you know, nothing to prove exactly what happened between, you know, three people in a room, you know, Brad could, would just have gone off. I asked him point blank, is this okay? Yeah. I mean, he could even say it was what I'm doing reckless. And, you know, then Jay told me, no, he didn't, he didn't even say anything. In fact, he kind of was looking at me with these deep eyes, kind of indicating I should keep doing it. You know, I mean, but it's just, I mean, that's what trial is. You know, you get to throw out all those crazy things. Well, I shouldn't go that far, but there's a lot of unpredictability in trial and, you know, that Bill Hinman was going to go on, you're going to get the SEC saying they were trading XRP and Ethereum and making their own money on the side for, you know, so many years, it would have been a disaster. The only reason that was filed it's, you know, it's prosecutor 101 in criminal cases, civil cases, any government agency, what individuals can we sue to squeeze, to make uncomfortable? So they'll dance and say what we want them to say. And, you know, normally, and sadly that works and it didn't work here and it didn't work in spectacular fashion. Right. And Ripple Stewart, all the Roddy he's a chief legal officer said, this is the third loss for the SEC in this case. Obviously going back to the July 13th ruling where XRP was declared intrinsically not a security, sales on exchange is not a security. Then earlier this month, Judge Torres denied the interlocutory appeal attempt by the SEC. Now, obviously the SEC throughout this case or this part of the case what are the implications of all these losses for the future of this lawsuit and the settlement potentially being in the works? Sure. I will say I do disagree with Stewart just a little bit in that I don't think he's counting right. It's more than three losses. I get if he's starting from the July 13th, yes to it's 3 -0, but I mean, if you really go into it, it's maybe like 5 -6 -0. I mean, remember they've stacked up a lot of losses in the last three years, but that aside, what I think matters is what's the mindset of the SEC? So now it's obvious.
Thinking Crypto News & Interviews
A highlight from SEC DROPS CASE AGAINST RIPPLE BRAD GARLINGHOUSE & CHRIS LARSEN OVER XRP & GARY GENSLER IS DONE!
"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 a thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I'm sure many of you have heard about the breaking news and that the SEC has dismissed the lawsuit against Ripple CEO Brad Garlinghouse and Ripple co -founder Chris Larson. Folks, this is huge news. It's another big fat L for scumbag regulator Gary Gensler. As I've been saying, we've got to keep the fight up. We've got to continue to use social media and spread the facts because the SEC is not on lawful grounds here. They continue to take L's. Their lies are getting exposed. Their hypocrisy is getting exposed and their lack of allegiance to the law is being exposed. So, folks, the SEC is in trouble. Gary Gensler is in trouble. Let me highlight something here that attorney James K. Filan tweeted of the dismissal. It says stipulation of voluntary dismissal. It is hereby stipulated and agreed to by and between the parties and or their respective counsels that the above caption action is voluntarily dismissed with prejudice against the defendants. Bradley Garlinghouse and Christian A. Larson and without cost pursuant to Rule 41 and all the jargon that follows that of the federal courts or the federal rules of civil procedure document filed by the Securities and Exchange Commission. Folks, we are on the winning side of history. The SEC is on the losing side. We know the game and that was weaponizing the SEC started with Jay Clayton. It continued and expanded under Gary Gensler, Wall Street and the TradFi folks weaponizing the SEC, which is supposed to be a neutral party, which is supposed to protect investors. They've been weaponized to go after and kill the crypto startups so that these TradFi incumbents can come in and take over. But the cards are on the table. Everything is getting exposed. And I'm wondering what Jay Clayton is thinking right now, because he filed this lawsuit and ran out the door the next day. And Bill Hinman, we know his connection with Ethereum. So the SEC, as I've stated many times, has fallen far from its core mission of protecting investors. It has been involved in a lot of corruption, lies and politics. It's a shame what has happened. And remember, just earlier this month, folks, Judge Torres, and this was on October 4th, she said that the SEC cannot appeal the ruling. So their attempt to appeal was denied. Loss after loss. Not to mention the SEC took a loss with Grayscale and those three judges destroyed Gary Gensler in the SEC, saying they were arbitrary and capricious in denying the Bitcoin spot ETF for Grayscale. Coinbase and Binance and other big players are fighting back. And I think Coinbase has a strong chance of winning as well. And we see the language coming out from these judges against the SEC is pretty strong. They're not standing up for lies and hypocrisy, right? And what other else corruption the SEC has been up to. So Judge Sarah Knepper in the Ripple lawsuit said the SEC lacked allegiance to the law. Folks, this is huge news. Here's what Ripple's chief legal officer, Stuart Alder Roddy, had to say. The SEC made a serious mistake going after Brad and Chris personally. And now they've capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC. That's three consecutive wins for Ripple, including the July 13th decision ruling that as a matter of law, XRP is not a security. The October 3rd decision denying the SEC's bid for an interlocutory appeal. And now this. So Stuart is absolutely right. Here's what Ripple CEO Brad Garlinghouse had to say. Today was an even better day. Ripple 3 SEC 0. In all seriousness, Chris and I in a case involving no claims of fraud or misrepresentations were targeted by the SEC in a ruthless attempt to personally ruin us and the company. So many have worked hard to build for over a decade. The SEC repeatedly kept its eye off the ball while secretly meeting with the likes of SBF failing again and again to protect U .S. consumers and businesses. How many millions of taxpayer dollars were wasted? Feels good to finally be vindicated. I like what Brad just did here, folks. What have we been talking about? Gary Gensler met with Sam Beckman Fried and the SEC staff met with Sam Beckman Fried and FTX officials multiple times. Yet they did no investigation into the massive fraud this guy was doing. Yet they're trying to go shakedown NFT companies. Right. And stop NFTs. Oh, no. Pokemon NFTs. Oh, no. We got to protect you from that while Sam Beckman Fried is committing the biggest heist in the history of the world. Right. It's what incredible is happening when you look at these things holistically. It's pathetic. Gary Gensler is a clown. So Brad says it goes without saying, but I truly work with the best lawyers in the business, including but not limited to Stuart Aldarati, Deborah McCrimmon from Ripple, and clearly Gottlieb's Matt Solomon, a heartfelt thank you for your leadership, wisdom and friendship.
The Bitboy Crypto Podcast
A highlight from HUGE NEWS XRP vs. SEC Over?! (Jobs Report Higher Than Expected)
"Good morning, everybody. It is time to discover crypto. It is Friday. It is Friday, October 6th. It is 11 .31 a .m. 10 .31. We're talking about the Nova Scotia time. I believe that's the furthest east island in Canada, folks. That was for you, all seven viewers from that cold island. Good morning and happy Friday, says Grand Roofing. Shout out to Grand Roofing. Grand Roofing, let us know your town. We want to give you a shout out and then maybe put some solar rays power and panels on roofs and then mine Bitcoin against their will. Just kidding. We don't want that, of course. Piper or Sawtooth, we're all having a good time, folks. We're going to talk about SEC. The SEC coming after XRP. Are they putting in the towel? Maybe. Also, SEC going after Elon Musk. What's going on with them after that? Jobs Report are in. Also, SPF stuff. And Thor. We got some Thor news. Now, Drew, you're big on the Thor chain. What are your thoughts on that just before we get into it? Oh, yeah, I warned about it yesterday. Remember, there's been a lot of funds that have been known to be part of hacks and exploits that have been moved through Thor. I was worried about a shutdown and it looks like Thor chain saw that potential and they're doing some maintenance to make sure they stay in compliance. 23 hours, 50 minutes ago, literally, we're saying, watch out, guys. The intelligence agencies are not going to like this. As it gets bigger, they're going to come the after it next day. Folks, we're always ahead of the curve. That's why we're starting early. That's why we're getting this content out early. I'm going to put out a short on the SEC and Elon Musk. That should be pretty good as well. Well, the hit merch, I still got it. I still got the hat. I got the hoodie over there. I took the hoodie off because I got the nice button up on today. Why do I keep dropping things? The hat. The pumpkin doesn't. Can we zoom out? I didn't want to stay on there. I tried this morning. It's just not happening. All right. There we go. Well, it's a weird black pumpkin anyways. I mean, what are these? Can you eat this? Well, that costs seven dollars and you just ruined it. That wasn't edible. All right, let's get a. OK, now we have spit on the floor. Good start to the show. Good start to the show, everybody. By the way, I'm Tim. You didn't introduce me, so. Good start. Good morning, Tim. Yeah, thank you, Drew. Look, I had to take a bite out of the topics today. I had to take a bite out of this pumpkin. Yes. All right. Let's get Tim. How are you doing today? I don't mean to overlook you like the hotel Johnny's from. Johnny's out today, but how are you doing today? I'm doing good. Hopefully my voice is not echoing like a maniac as it was yesterday. Hopefully the TA is a little clearer and you only get to hear it once. Sometimes you like to hear it twice, but maybe not that close together. But I'm doing good, Deezy. How are you doing? I'm doing great. Thor chain is an OG crypto. Was it Silk Road built on it? I'd have to look at maybe the underlying code. You know, maybe I'd have to look at this good point there. So good to that. Drew mentioned the show Dig In or Bug Out. I think that's what it was called. Is that the channel? No, that is on. You want to explain that, Drew? Yeah, it's Buy In or Bug Out. It's on the blockchain basement. We air those every Thursday. Just riffing on hypothetical situations, scenarios, kind of what your knee jerk reaction would be to EMPs, aliens showing up, maybe Kamala is your president, figure it out. Give us some fun scenarios that you would like to game out. You wake up, you know, think of like a Walking Dead situation, just a random, random scary scenario, asteroid hurling towards earth. Maybe that's one. I don't think we've done asteroid yet. So asteroids coming, 24 hours left to live. Can we do that? I think that's a good one. That's a pretty fun one. That's a good one. I like that one. So maybe that'll be one. Throw out some other suggestions you would like to see, just crazy scenario, game it out. What do you want? You know, look, I'm gonna go ahead and say, Drew's an expert at this stuff. What do you like the experts, maybe a novice, just have some fun ideas or bounce off each other. There's no expert at being prepped. You can only try your hardest and then, you know, sleep well at night knowing you did your dance. Well, Tim, you were an Eagle Scout, right? I was never an Eagle Scout. My brother was. I got to Life. Life. I think. Okay, the Eddie Murphy movie. So is that like, was that a badge? It was like, yeah, it was like the thing right before Eagle. I don't know. And no one better touch Bernie Max. What kind was it? Biscuit? I can't remember. Cornbread. Don't touch Bernie Max. Cornbread. Alright, let's see here. Let's get into the crypto market cap, folks. Alright, let's get into the show, folks. What are the coins doing? What's Bitcoin doing? That's what I want to know. Well, Bitcoin's heading down, folks. It is down 1 .3 % to the downside. Ethereum is down 0 .7%. BNB down 0 .7%. XRP down 1%. The entire market cap is 0 .28%. 24 -hour volume, $38 billion. Gas, I think it was Steve -O shouting it out. Gas was as low as 8 Gwei about 3 hours ago, now coming in at 14 Gwei. We keep looking. Solana down 1 .6%, but Cardano relatively holding strong here. Now, Solana is definitely a better weak pump here. It's 4 % to the 14%, but looking pretty good. Cardano for the daily there. Dogecoin also showing some strength. It is only down 0 .3%, but TonCoin moving on up. It is up 3%. Litecoin also moving up. Shoutout to Tom Crown. How is Tom? I need to reach out to Tom, see how Tom's doing. He hasn't been on in a while. Avalanche is up 6 .2%. So Avalanche looking good. Might even see it in the top gainers. I think we will. Yeah, I'm going to put an early bet that is going to be at least in the top three. Bernie Mac taught Crimson Caravan what a certain thing was. How did he teach? You know what? Don't even tell me. I don't even want to know. Bernie Mac had a great family show. Did you ever watch that show, Tim? No. I would recommend going back and maybe if you ever want to do a rewatch. That was a pretty good one. The Bernie Mac Show, I think it was called. I watched a lot of My Wife and Kids. Okay. That was a good one. Okay. I'll say anything Bernie Mac's in, he is the funniest part by far, even if he has like a 30 -second segment. All right, let's look into the biggest gainers. All right, we got a newer coin coming into the ranks here. It's called Tokenize Exchange TKX, rank number 81. I don't think it was in there as recently as like two weeks ago. Let's see. Yeah, I don't think it was in there folks. So yeah, this is going to be a newer coin, a newer entrant into the region here into the realm of the top 100 gamers. Then number two is Avalanche. So the Avax fans are feeling good. EOS junkies do rule. You got it right. TonCoin fans also feeling good. They're up 3%. GMX, then Mina Protocol, all right, was one of the biggest losers now coming in as a big gainer here. Render also moving up. Leo up. Uniswap up. Injective up. Axie Infinity and Quant. Tim, do you own any Quant? No, it's one that's going to make its way to my portfolio though. Just to me, it's not time to start diving into all those coins. Quantitatively speaking, that is. Yeah, I Quant to own it though. Tom's feeling better. Okay. He was all right. Good. Yeah. I know he had a, he had a little health thing. Wayne brothers underrated show. Okay. Okay. Yeah. The Wayne brothers are funny. I still want to know what's your crazy scenarios, folks. So, you know, let us know. Give us some good suggestions on that one as well. We'll have some fun with it. All right. Now let's look at the biggest losers. Biggest loser right now. It's Loki's brother. It's Thor. Thor's down. The rune is down. Rune is down 10 % even here. Erased all the gains for the week. It was up 1 .5%. Now it is down 8 .5%. Rollbit. Woo. Also down a bit. Wouldn't be a complete list without some of Deezy's coins in there. Rollbit down 8 .7, but that's just mostly peeling off healthy gains for the week. It was up 20%. Bitcoin SV. BSV is down 4 .3. Radix is down. Phantom Galatron. Then another Deezy coin. We got 8 coin down 2 .9%. I need to restake that. Oh man. Down to a dollar. That is looking rough. Stacks also down a bit is down 2 .7%, but still up for the week. Mantle up or I'm sorry. Mantle down. Chili's down. Taser's down. Immutable X down. Tim, any of these you see on sale, maybe thinking about getting me, I like rune, but I agree with Drew's thesis and I, you know, I it's, it seems like a healthy thesis. but Yeah, it's one that right now, if you go to the chart, Drew, it's a good price on the chart. There's a lot of things coming in. It's technically dropping a little below this line, but I'm on the hourly chart here. We've got an oversold flash come in here with the green triangle, our MVP oscillator, which these green histograms are just screaming to buy. We're overextended on everything. And you're seeing again, we're wrestling with this blue line, but this could just be a wick. If people start buying it back up, we could found another, a third bounce of support here on a rising level support. We're in a bull trend right now, higher highs, higher lows on rune. So it is a little risky. I'm not saying it's not a risk, but I am saying I'm seeing hourly chart kind of screaming a little overextended to the downside on rune. Okay. All right. A great breakdown. Can you show that line one more time? It is right at that line, right? It's a little bit below it, but wicks that happens all the time. What matters is where we close and let's see how that happens. Yeah. All right. All right. Great, great chart there. Great, great work there, Tim. All right. Before we get into the sec, tap out, cloud of dust covering the earth where you only get survived by lab grown foods. Okay. So cloud of dust covering the earth. What do you think a last moment to buy in before prices go up? That's going to be, if anyone could predict that EOS, they would be a trillionaire. That being said, my educated guess would be as we get closer to the having, I expect some, some fake outs and shakeouts. So it may look like you won't have any other chance, but I think there'd be one more opportunity after the having. Might be slightly higher than it is today. Might be slightly lower. I think there might be one more opportunity in the next seven months. Why not have a segment called DZ's coins? Maybe, maybe. That, that could be a point there. We have a video. There's a video coming out on Sunday. That's a little bit of DZ's coins. Oh, me and Rodney's. Oh yeah. Me and Rodney got a really good video where if I had a, $1 million, what would I do? Drew? How was that? Did I hit the notes there? Yeah. And I kept it going. I don't think that those notes register. Oh, that was perfect. Maybe that was perfect. Matt Maloney sure thinks so. Uh, SCC is retreating like DZ's. Nevermind. I wonder what you meant there. My wife and kids and Lopez show still get me laughing today. Uh, I, my only thing about the Lopez shows is fine. You know, one it's woke up all the kids, you know, you hear that music in the 3 a .m. It's George Lopez's, uh, I expressions, you know, he does a joke. Then he goes like after every little joke, it's true. It's not necessary, George. Uh, all right. Uh, C 90. Did you guys hear about the CO2 emission that is much, much worse than humans? And, uh, it's also equal to volcanoes. There's something that is emitting CO2 that is equal to volcanoes that was just discovered. It was not in any climate model. It's never been in any climate models just discovered. They're gonna have to go back. Basically every climate model is now bunk because this has not been explored. Do you guys know what it was? No rocks, what rocks, apparently there's so much rock cover on the globe. As rain hits it, there's a slight amount of erosion and that erosion creates CO2 emissions. So we're canceling rocks now. Yeah. We have to cancel rocks. What about Dwayne Johnson tax rocks? We taxed Dwayne, uh, no more fast and furious movies. Dwayne is done. You're going to have to pay it all to the government now. Yeah. So interesting. The, I thought that was interesting there. Um, so yeah, just climb, just be careful with the climate models, folks. All right. Uh, let's talk about the SCC though. SCC tapping out folks. It is tapping out, uh, explosive Bates. Oh man. We just getting started. Uh, KO Kev. Uh, look, we're not talking about DZs methane. Okay. And what that might be doing I got to admit. All right. Well, we zoomed in there. It was a little small. Okay. See, do you two have boomer eyes? No, I just, it was a small, I could read it. It was just a small, uh, what if a rock is a member of my family? Emotional will support rock. Okay. Yeah. There you go. Uh, pet rocks. You know, people have pet rocks. Like pets are members of the family. You're going to cancel it. If you adopted a pet rock, so you're on a list. Now you're basically on the list. You have to register. I guess maybe if it's the rain hitting it, just keep your pets inside and then they don't get rained on. They don't omit the, don't give them a bath either. All right. Uh, if we pay more, yeah, we need a rock tax. No more rock music. Guys, we can go all day, but it's time for us to talk about the SCC. SCC will drop all charges against ripple. According to Yassine Moberok, he's a founder of a crypto VC firm and he suggests they might withdraw their case to avoid negative exposure. He believes they use litigation to maintain in uncertainty the crypto space. Of course, the case started in December, 2020. He's the founder of a private equity firm focused on startups as dicer capital and believes that SCC could withdraw all accusations against ripple and Brad Garling house. According to him, it is not in their interest to have a trial where their corruption can be exposed for the claim that XRP has solidified clarity in the crypto market, which puts their agenda at risk. They will now move to in this case soon as possible. They can appeal to the second circuit circuit and continue to sustain this cloud of uncertainty on the whole industry litigation by itself, regardless of the outcome is the weapon. So litigation is the weapon. They need to move this to the second circuit here. The legal battle passed through multiple heated moments afterward. It peaked in July this year. Back then court ruled that most of the sales did not constitute an offer of investment contracts. They were unpleased with the decision and formally appealed it last month. However, Torres recently dismissed the request, granting them another landmark victory. Let's look at XRPs price. I want to see the 90 day chart because guys, this wasn't that long ago, but it feels, it feels like it was yesterday, right? This happened, okay. A month, two months, right? Guys, we're almost at 90 days. Look at this chart. Yeah. We're almost, it's going to be no longer on the chart. Then we have to go to 180 days. So we're almost at the three month mark. Does it feel like three months ago? no. No, All right. So, uh, technically it was on the 13th. We got the pump today's what the sixth, right? So we're essentially a week away. We're a week away from that. So, uh, yeah. Uh, a week away from three months folks is it doesn't feel like three months to me. Oh, how the time flies. Yeah. But things are somewhat exciting. Uh, been exciting here. That's for sure. Wouldn't y 'all say a little bit. Yeah. It's been a lot happening.
Thinking Crypto News & Interviews
A highlight from BLACKROCK TO INVEST $17.7 TRILLION IN XRP, BITCOIN, & ETHEREUM?!!
"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, folks, huge news coming out about BlackRock and Wall Street ready to enter the crypto market. So here's the headline from Forbes. BlackRock Insider primes crypto for a huge seventeen point seven trillion dollar Wall Street earthquake that could be about to hit the price of Bitcoin, Ethereum and XRP. Let me give you the details here. A former BlackRock managing director has predicted it's only a matter of months until the U .S. Securities and Exchange Commission approves a long awaited Bitcoin spot ETF, giving funds that manage seventeen point seven trillion dollars worth of assets. The green light. Here's a quote from that BlackRock manager. The SEC will probably approve all spot Bitcoin ETF applications at the same time. I don't think they want to give anybody the first mover advantage. Former BlackRock managing director Stephen Schoenfeld said this week at the London conference, it was reported by Decrypt. Schoenfeld gave the SEC three to six months until it approves a Bitcoin spot ETF. Last month, one point five trillion dollar manager, Franklin Templeton, filed with the SEC for a Bitcoin spot ETF, joining a flurry of applications that was kicked off by the world's largest asset manager, BlackRock in June, and includes Wall Street giants Fidelity and Vesco Galaxy, Wisdom Tree and many more. Schoenfeld pointed to a recent decision by the SEC to delay until early next year at the latest on a handful of prominent Bitcoin spot ETF applications as accelerating the process. Instead of completely rejecting the whole list, they've asked for comments, which is a marginal but significant improvement in the dialog, Schoenfeld said. So he's absolutely right. And folks, I think you and I, who have been following this closely, know about this, right? There's a flood of capital that's going to come into this market and we're going to see new all time highs in the next bull market. And it's going to go to Bitcoin, you know, initially, like we've seen historically, and then the liquidity flows to the alts. It goes to Ethereum, to XRP, as mentioned here. So we are in a whole new paradigm right now with these Wall Street folks coming in and look, they've shown us what their plan is. Their cards are on the table, right? Let me just quickly recap what has taken place so far this year. Obviously, BlackRock and Fidelity and Franklin Templeton and all these folks have filed for Bitcoin's spot ETF. But it's important to note that BlackRock is heavily invested in Bitcoin mining companies. They're some of the largest shareholders of some of the most public Bitcoin mining companies. They also are holding USDC reserves for Circle. Charles Schwab, Fidelity and Citadel launched the crypto exchange earlier this year called EDX Markets. It's an institutional crypto exchange. PayPal, of course, launched a stablecoin on the Ethereum blockchain. Deutsche Bank will start offering crypto custody to institutional clients. Both Citibank and JP Morgan are working on deposit tokens on private blockchains. MasterCard launched a CBDC program with participants which include Ripple, ConsenSys and Fireblocks. Visa, of course, expanding their usage of USDC stablecoin on Solana and Ethereum. So all signs are pointing to adoption, folks, and institutional tradfi, real world adoption, not just rumors, but they're actually building and launching products. They're filing for their patents and applications. So the next bull market is going to be incredible. There's going to be a ton of capital coming in and I'm expecting it to be one of the biggest bull markets we've ever seen, if not the biggest, because I don't think there has been this level of capital waiting to come in with these ETFs. Right. You think about the retirement accounts and all the different capital locked up in different investment products that, you know, they can't really touch crypto directly, but through an ETF, they can. So that would be a game changer. And like I said, Bitcoin will pump like we've seen historically go to new all time highs. Liquidity will flow to alts. The alts pop off new all time highs as well. So I'm diversified. I hold Bitcoin. I hold XRP Ethereum in different alts. So I'm excited for the next bull market. Here's some other incredibly bullish news that is along the lines of institutional investors coming in with a lot of capital. Billionaire backed Hong Kong crypto VC pours $100 million into blockchain fund. The Titan fund will focus on early stage startups in gaming, metaverse and NFTs, and will prioritize equity investments rather than digital assets. So CMCC Global, a blockchain focused venture capital firm backed by Hong Kong billionaire Richard Lee, aims to provide support for entrepreneurs building companies in the industry called the Titan fund. It has a particular focus on early stage startups operating in the blockchain verticals of infrastructure, fintech and consumer applications such as gaming, metaverse and non fungible tokens. The Titan funds investments will be directed towards equity investments in blockchain companies. Block .one served as the anchor investor, pledging $50 million. CMCC Global, the fund's initiator, also contributed a 15 % general partner commitment. Other notable investors include Richard Lee's Pacific Century Group, Hong Kong's Jebson Capital, Winklevoss Capital and Animoca Brands co -founder Yat Sui or C if I'm saying that right. The Titan fund will empower great entrepreneurs to build the next wave of Web3 and blockchain powered fintech applications, Gemini co -founder Cameron Winklevoss said in a statement. Folks, this is huge. I mean, look at the amount of capital is coming in and they're investing in both the tokens. Now, not everybody is investing in the tokens. Some are, and some are investing in the equity aspect, the companies that are building the infrastructure for the tokens to be adopted, right? For the different blockchains to be adopted. So it's all bullish news around. And the fact that they're doing this when the markets are down, when the macro economic outlook is not great right now, but they know it's just a matter of time when those things are going to flip. We're going to be back in the bull market. Everybody's going to forget about now and the hard times and the fear and the uncertainty, right? It's funny how human emotions work, but this is why you have to look at the charts, have a macro outlook and understand the market cycles. We are in that transition phase right now between bear to bull market. We are certainly not in the realms of that bottom zone of the bear market. We are out of that. Clearly Bitcoin rallied this year, but we're not in that bull market where euphoria is starting to build. And for those of you who have experienced that before, you know what I'm talking about. So the Bitcoin halving is kind of my marker on the timeline for when I think the bull market starts. So that's what I'm anticipating looking at. And that's why I'm dollar cross averaging. I'm paying attention to what these big investors have been doing, like the amount of capital they're raising and so forth. So we just got to be patient, folks, like I said, dollar cross average and be patient. Now, quick word from our sponsor, and that is Uphold, which makes crypto investing easy. Uphold is a platform and exchange I've been using since 2018. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. I've interviewed their CEO and many other folks so I can vouch for this platform. They also have precious metals on the platform that you can trade and also 37 fiat currency. So really unique platform. If you'd like to learn more about Uphold, please visit the link in the description. Now we got news here that Fairblock raises $2 .5 million for fully private blockchain transactions. The Fairblock team has recently secured $2 .5 million from investors to bring conditional encryption blockchains. to Folks, just further proof, right? Once again, keep in mind the economic outlook right now in the crypto market. There's nothing major happening right now with the price, but these companies are raising capital. People are giving them money. Why? Because they expect to make a return on their investment. They know that the current market cycle will be over and will be back in the bull market and there's going to be future adoption when you look at the S curve adoption model, right? So Fairblock is hoping to make conditional decryption, pre -execution privacy, a reality. Conditional decryption refers to allowing users to set conditions to that enable protocols to execute transactions without revealing any on -chain information before execution. Unlike zero knowledge technology, Fairblock is designed so that information is only encrypted or decrypted under certain conditions. It does so through advanced cryptography, including identity -based encryption and witness encryption. The company is also looking into fully homomorphic, if I'm saying it right, encryption or FHE, which will enable computations to be performed on fully encrypted data. Payment Momeni, Fairblock's co -founder, told Blockworks that the team had secured $2 .5 million in pre -seed funding to build this infrastructure. Folks, this is the building out phase for massive adoption for the next billion people and for a whole bunch of other use cases. And as you can imagine, what that's going to do to the prices of the tokens over time, you know, it's going to be incredible. So we have to be patient as these things are being built out. As always, go back and look at the 90s and the dot -com boom and, you know, there were boom and bust cycles there. But as the winners started building out their technology and getting more adoption, their valuations, of course, rose and increased significantly. So that's how we got to look at it, folks. Now, Stuart Eldorati, chief legal officer at Ripple, weighed in on the SEC's brief in the Coinbase case, which we covered in yesterday's news. He said, there's so much wrong with the SEC's brief in the Coinbase case that I don't know where to begin. Let's start with the SEC claiming without citation or support that digital assets have no innate or inherent value while collectible baseball cards do. So, you know, the SEC, they continue to look like fools. And we saw Congressman Richie Torres call out Gary Gensler about the Pokemon card situation. I think that caught Gary off guard where he's like, you know, is a Pokemon card security? What about a tokenized Pokemon card? And Gary's like, oh, I need more information. So, you know, the SEC, they're making things up as they go. But we know the game. The game is to slow this down, kill those pesky crypto startups, which, you know, are taking the market and making all the money while BlackRock and all these guys have to wait for regulations and have to wait for an ETF, right? That's a game. Allow the Wall Street folks to come in and take over. So, it's just roadblocks being put up to try to slow down the disruptors while the incumbents come in and catch up. Now, something interesting also coming out of the SEC, they're suing Elon Musk. So, there's going to be a probe into the purchase of Twitter in 2022. We'll see where this goes. And if it has legs, but this could bog down the SEC a bit because I'm sure Elon's going to fight back and we'll see where it goes because Elon's obviously trying to do things with crypto and Twitter and payments and much more. But we have to get more details. Now, finally, Matt Hamilton, who used to work at Ripple, and now he's, I think he works with Filecoin if I'm not mistaken, he met up with Kyle Samani. Now, those of you who don't know who he is. He's the co -founder and managing partner of MultiCoinCap. And I covered this over the years that these guys were spreading a lot of FUD about XRP back in the day. I think they were shorting as well. And I think they had insight into what Bill Hinman and the Ethereum folks were doing and that Ripple was going to get sued. So, they were shorting. They put their shorts in and they were spreading their FUD. Well, Matt brought the XRPs not a security t -shirt from the Ripple proper party and gave it to Kyle. You may say, well, why is that important? Well, years ago, Kyle back, I think it was in 2018, 2019, the man was walking around with a Ripple t -shirt saying hashtag XRP the security. So, once again, he and those guys were shorting XRP, I believe. And they knew they had some inside information. Will they get held accountable? That is to be seen. Probably not. But Matt said he had a good conversation with Kyle and we'll see how things progress, folks. Obviously, there's something fishy going on with these guys. Also, the other partner who blocked me, I think he's an Indian guy. I forgot his name, but he's also one that was just going around making neurons. You could see there was an agenda. We want to tell everybody XRP is a security. Now, why would you care about that? Unless you had a financial benefit and also in both ways. One, I'm going to short a competitor to Ethereum. And I'm probably going to go long on Ethereum. So, they were going around doing these things. But that's the news, folks. Let me know what you think. Leave your thoughts and comments below. Let me know what you think about this Forbes article on BlackRock and Wall Street. There's certainly a lot of capital waiting to come in and I'll talk to you all later. Bye.
Thinking Crypto News & Interviews
A highlight from John Deaton Interview - Judge Denies SEC Ripple XRP Appeal, LBRY Appeal, SEC vs Coinbase, Grayscale, & Binance
"It's just another smackdown of Gary Gensler and the SEC and this was a foregone conclusion because basically the SEC was asking the judge for an early appeal, but we have this trial that needs to take place for Brad Garlinghouse and Chris Larsen, and so an interlocutory appeal is usually done when there's not a trial left to do. Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. With me is attorney John Deaton. John, great to have you back on. Thanks, Tony. Always a pleasure to be with you, my friend. Yeah, it was great seeing you at the Ripple proper party. I got a little sick. Yeah, but it was certainly fun. It was fun. It was amazing to meet everybody. For sure. All right. So, John, yesterday we got news that Judge Torres denied the SEC's appeal attempt of the Ripple ruling. Tell us about that and the details around it. Yeah, well, it was just another smackdown of Gary Gensler and the SEC. And this was a foregone conclusion because basically the SEC was asking the judge for an early appeal, but we have this trial that needs to take place for Brad Garlinghouse and Chris Larsen. And so an interlocutory appeal is usually done when there's not a trial left to do, but they still ask permission. And I predicted that she was going to allow them to file the motion. You first have to ask permission, hey, Judge, can I file a motion? And then she says yes or no. And if she says yes, you file it and then she gives you the answer. And I said, of course, she's going to let them file it. And then she's going to use that opportunity to really solidify her first decision. It's not like she's going to change her mind and go, yeah, I got it wrong. After spending six months right in that order, I got it wrong, guys. You're right. No. So it's going to really allow her to explain it. And after her summary judgment ruling and part of the basis for the early appeal request was that Judge Rakoff in the Terraform case, where he said, I'm not going to follow the line of reasoning that was in the Ripple case. Well, a lot of people, especially the Bitcoin Max, he's out there, everybody was jumping on it, oh, the Rakoff decision is inconsistent with her decision. And this was a bad mistake of the SEC, Tony, because it gave her an opportunity. When a judge gives one ruling, you and I could debate it, right? Well, did she mean this when she said ABC? And you could say, John, I don't read it to mean that. And I could say, well, I read it to read this and we could debate that, you and me. But when the judge says, well, let me tell you what I meant. Now there's no debate. So before this ruling we got last night, her decision was a little up in debate. The crypto world like Coinbase was saying, look, she said that XRP sold on an exchange isn't a security.
The Crypto Overnighter
A highlight from 689:SEC Showdowns & Global Surveillance: Ripple, Coinbase, and Project Atlas
"Good evening and welcome to the crypto overnighter. I'm Nicodemus 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 10pm Pacific on Wednesday, October 4th, 2023. Welcome back to the crypto overnighter where we have no sponsors, no hidden agendas and no BS. But we do have the news. So let's talk about that. Tonight, we delve into a series of pivotal legal and regulatory moves that are shaping the crypto landscape from Ripple's courtroom victory and the SEC's broadening grip to shifts in US political power and international surveillance efforts. Buckle up because it's arrived through the judiciary, the hill and the cryptic corridors of global finance. The US Securities Exchange Commission, the agency that's been a thorn in the side of crypto recently faced a significant setback. Judge Analisa Torres rejected the SEC's motion for an interlocutory appeal against Ripple. For those unfamiliar, an interlocutory appeal is an appeal made during a trial. The SEC wanted this to challenge a previous ruling that partially favored Ripple. Judge Torres stated that the SEC failed to meet its burden under the law to show that there were controlling questions of law or that there were substantial grounds for differences of opinion. In simpler terms, the SEC couldn't convince the judge that their appeal was necessary or that it would advance the case in any meaningful way. The trial is set for April 23rd, 2024, and any appeal by the SEC must wait until after the trial concludes. Legal experts are divided on the impact of this decision. Some see it as a major win for Ripple, while others urge caution. Bill Hughes, a lawyer at blockchain firm Consensus, stated that it's not typical for such an appeal to make it through at this stage of a trial. On the flip side, crypto lawyer Jeremy Hogan called the decision a disaster for the SEC. Gabriel Shapiro, general counsel at Delphi Labs, warned crypto advocates not to get too excited. He clarified that the SEC still could appeal the case later. However, Scott Chamberlain, an entrepreneurial fellow at the ANU College of Law, argued that the SEC is now stuck with a weak factual record, making a successful appeal more difficult. The SEC initially filed a lawsuit against Ripple and its executives in 2020, accusing them of raising $1 .3 billion through the sale of XRP. The agency also sued CEO Brad Garlinghouse and co -founder Christian Larson. Judge Torres previously ruled that some of Ripple's sales of XRP did not violate securities laws, but other direct sales to institutional investors were securities, leaving a partial win for the SEC. Now, what does this mean for crypto? Well, it's another example of the SEC failing to clamp down on a major player in the crypto space. Ripple CEO Brad Garlinghouse took to social media to express his enthusiasm. And why wouldn't he? The SEC has been handed a defeat, and it's a win for those who champion financial freedom and decentralization. Ripple's courtroom victory is definitely an eyebrowser. The SEC just got a reality check. But just as one regulatory Leviathan stumbles, another tries to stretch its tentacles. Buckle up as we dive into the SEC's latest power play. The SEC asked a federal judge to deny Coinbase's motion to dismiss its lawsuit. The regulator argues that Coinbase knew the cryptocurrencies it sold were securities under the Howey test. The SEC's audacity here is staggering. They claim that each crypto asset issuer led investors to expect an increase in asset value. According to them, this makes those assets securities subject to SEC registration. Now, let's not kid ourselves. The SEC is trying to stretch the Howey test to fit their narrative. They want to regulate the crypto market without waiting for Congress to give them the permission to do so. Coinbase's legal chief fired back. He stated that the assets listed on Coinbase were not securities and thus not within the SEC's jurisdiction. He even went on to say that the SEC's arguments would mean everything from Pokemon cards to stamps could be considered securities. And he's right. I used to collect Magic the Gathering cards back in the day. I even made a little money at it. That said, they're not securities. According to Miles Jennings, the SEC's motion is just riddled with holes. Jennings is the crypto legal counsel at A16Z. Even if the court agrees with the SEC's main argument, their case could still fail. The SEC's definition of an investment contract, he argues, has endless breadth. Coinbase has been clear. Crypto trades do not meet the definition of an investment contract because no actual contract is established. The SEC, however, argues that a formal contract isn't a prerequisite. The SEC also tried to They're claiming that Coinbase is just trying to distract from the fatal flaws in their own legal arguments. They even went so far as to say that just because they allowed Coinbase to go public doesn't mean they endorsed the trading on that platform. The SEC's move to deny Coinbase's motion to dismiss this lawsuit is a clear signal of the regulator's intent to tighten its grip on the crypto industry. The SEC is not backing down. Instead, it's doubling down on its belief that cryptocurrencies can be classified as securities under the This is a pivotal moment, one that could set a precedent for how cryptocurrencies are regulated in the US. Coinbase, on the other hand, is not taking this lying down. Their legal team is pushing back hard, arguing that the SEC's broad interpretation of the Howey test is overreaching. But let's be real here. The SEC isn't just targeting Coinbase for fun. They're sending a message to the entire crypto industry. Comply or face the consequences. This case is a glaring example of the SEC's overreach. They're trying to regulate a space they have no business being in. It's a power grab, plain and simple. And it's not just Coinbase that should be worried. If the SEC gets its way, the entire crypto industry could be at risk. So what's at stake? The court's interpretation of the Howey test. Is it Coinbase with its narrower view, or the SEC, which wants a flexible and broad interpretation? This case could set a precedent that impacts the entire crypto market. The SEC's bid to control the crypto narrative is both audacious and revealing. If you thought Ripple's case was a lone battlefield, think again. With the SEC's eye on Coinbase, the stakes couldn't be higher. But there's a shift in the tectonic plates of US politics that could ripple through these regulatory showdowns. Hold on tight. You don't want to miss this.
The Breakdown
A highlight from A Leading Candidate for Next Speaker of the House is One of Crypto's Biggest Allies in D.C.
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, October 4th, and today we're discussing so many interesting political stories. Broader political US machinations that have some interesting implications for the crypto industry. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy hump day. Now, I mentioned yesterday that I wasn't going to do full SPF trial updates every day. My current plan, although it's, of course, always subject to change, is effectively to save up every few days for really important stuff and give you the full rundown. Now, that said, I will try to give you the very highest highlights if there's anything super important. And really, the only big notable detail yesterday was around witnesses. In addition to the FTX leaders that we know had cut deals with the Justice Department and who were planning on testifying against Sam, including Gary Nashad and Caroline, it appears as though former COO Constance Wang, and probably most notably to the crypto community, former Alameda Co CEO Sam Tribuco, are also planning on testifying. Given that that other Sam has not been heard from, effectively since he went off on his boat in the summer of 2022, that one certainly got some tongues wagging. Now, that said, when it comes to the crypto industry and its actual future, the much more interesting story was drama in Congress. I'm excited to dig into that. But before we do, I'm also thrilled to announce that the breakdown today is welcoming a new sponsor. That sponsor is Kraken. Now, Kraken is a company I've known forever. Their founder and former CEO Jesse Powell is one of the true OGs of the space. And I've just known tons of super high integrity people who have ended up working with Kraken. And I think that that comes out in a lot of different ways, including them being super early, for example, to proof of reserves. I'm really excited to have Kraken on board as a sponsor, and so you will be hearing from them over the course of the show and in future shows as well. But let's talk congressional drama and what it means for crypto. TLDR, House Republicans have plunged into disarray as the fallout from last week's narrowly averted government shutdown plays out. Specifically, House Speaker Kevin McCarthy has been ousted from his position after Matt Gaetz filed a motion to vacate, calling for a vote to remove the speaker. Now, this outcome always had some chance of being in the cards. McCarthy was elected speaker in January after a torturous, modern record 15 rounds of voting. McCarthy made a range of concessions and deals with various GOP factions in order to gather enough support to be elected speaker. Among them was a rule change that would allow any single House member to call for a vote to remove him at any time. Gaetz, who was one of the primary agitators pushing for a government shutdown last week, unsurprisingly pulled that trigger on Monday evening. The last straw seemed to be the revelation of a secret deal between McCarthy and the Biden White House to ensure ongoing Ukraine funding. On Tuesday, the House voted 216 to 210 in favor of McCarthy's removal. Several conservative Republicans joined with Democrats to support the motion. This is the first time in US history that the Speaker of the House has been removed by a vote. Indeed, even calling for a vote is extraordinarily rare, with the last one taking place over 100 years ago in 1910. Now, of course, there will be plenty of places where you can go discuss and hear about what it represents in terms of the state of American politics and the deepening divides within the Republican Party, but that's not really what matters in the context of this show. What matters is that shortly after the vote concluded, Republican Chairman of the House Financial Services Committee Patrick McHenry assumed the Speaker's role and graveled the chamber into recess. McHenry will now serve as the interim Speaker until a vote can be held next Wednesday. So the first part of the story is, of course, that Patrick McHenry, as you will well know from listening to this show, is one of the most pro -crypto congressmen we have. As leader of the House Financial Services Committee, he has worked very hard to push a number of different bills, including the stablecoin bill, through. And so the fact that we now have an ally sitting in that vaunted position should be a powerful thing, right? Well, practically speaking, the House will be held out of session until that vote next Wednesday, meaning that McHenry will not have an opportunity to advance a legislative agenda. Getting back then to who might end up as the Speaker, Gates and the rest of the House Freedom Caucus don't have anywhere near enough votes to advance their own candidate, but they are numerous enough to act as a veto for other potential speakers. McCarthy, for his part, has said he does not intend to put his name forward for consideration in next week's vote. And so, among a long list of potential candidates as a replacement, support appears to be coalescing around two options. First is House Majority Leader Steve Scalise. Scalise is currently finishing up treatment for blood cancer, but enjoys broad respect from both the establishment and radical wings of the Republican Party. The other leading candidate is House Majority Whip Tom Emmer. Emmer is, of course, known to the crypto space as a fierce advocate of sensible crypto regulation. He has advanced numerous bills on clarity for token issuers and resisting the creation of a CBDC. Now, Gates, for his part, has spoken kindly of both frontrunners. On Monday night, he said, I think the world of Steve Scalise. I think he'd make a phenomenal speaker. At the same time, Gates noted that unclear resolution to medical issues make it difficult to know whether Scalise will be an appropriate choice. On Tuesday night, he said something very similar about Emmer and ended the day with a shortlist of six candidates he would be willing to support, including both Emmer and Scalise. Now, if Emmer succeeds in gathering the votes to become the next House Speaker, he has an opportunity to push forward a crypto legislative agenda prior to next year's election. There are currently two bills which have been ratified by a committee and stand ready to be voted on in the House. One bill provides regulatory clarity for stablecoins, while the other establishes a regulatory framework for the crypto industry more broadly, including a division of power between the SEC and the CFTC. Neither bill is expected at this stage to have the votes to get past the Democrat -controlled Senate to become law. But that said, there have been some recent rumblings that Senate Banking Committee Chairman Sherrod Brown could be open to a deal with McHenry. Specifically, he might be willing to support crypto legislation in exchange for McHenry's support in passing cannabis banking reform. Now, we are still a long way from Emmer being placed in charge of the House agenda. There's no telling how long it could take to elect a Speaker. The last time around, this process took the better part of a week to resolve. And since then, the fractures within the Republican Party appear to have become more entrenched. Then after that, once a Speaker is elected, crypto ally or not, the number one consideration will be putting in place long -term government funding. The stopgap funding measures which were passed last weekend will run out in mid -November. The House Freedom Caucus has grown increasingly clear in their calls to reform the way congressional appropriations operate. Since 1990, the U .S. government no longer puts forward formal budgets with individual financing bills. Instead, the government is funded using omnibus legislation which deals with the entire annual spending in one gigantic bill. Gates called for a major reform of this system and a return to fiscal conservatism on Tuesday night in front of Congress. Gates said, You know what I think paralyzes us? Continuing to govern by continuing resolution in omnibus. You know what I think throws this institution into chaos? Marching us towards the dollar not being the global reserve currency anymore. Real chaos is when the American people have to go through the austerity that is coming if we continue to have $2 trillion annual deficits. Now, Democrats, for their part, appeared content to allow the chaos to play out. Ahead of voting with the House Freedom Caucus to remove McCarthy as Speaker, House Democrat leader Hakeem Jeffries said that the chamber has plunged unprecedented into dysfunction. So, bringing it back around to the crypto industry, I think there are a couple things to note. One, even if we get Emmer, his hands are somewhat going to be tied by the legislative body that he inherits and all of the challenges that it represents. As you've probably heard over and over from me, my base case is that we effectively limp over the line of the next election cycle without really getting much done in legislation of any form between now and then. Could this re -galvanize people and lead to some better outcomes? It's totally possible, but for those who are looking for the sunny side for crypto, it's probably very measured in terms of potentially nudging these few bills that have some amount of momentum forward rather than some big radical overhaul. Still, of course, if you're going to choose between a crypto ally as the Speaker of the House and not a crypto ally, it's pretty clear who we want. Now, for the second half of our show, we are going to stay in government land, but before we do that, a quick note from today's sponsor, Kraken. Kraken Pro is an incredible resource for advanced and professional traders. The all -in -one experience allows advanced traders to switch seamlessly between spot trading and other advanced products with a UI that is highly customizable to your unique trading style. With institutional -grade performance, Kraken Pro is Kraken's most powerful platform ever. Go to pro .kraken .com to get started. Thanks again to Kraken for supporting the breakdown. Alright, so as I mentioned, the other big story is that the SEC has been denied an early chance to appeal the Ripple case. On Tuesday, the judge refused to grant the SEC certification to pursue an interlocutory appeal. An interlocutory appeal is when a party is allowed to appeal a partial decision in an overall lawsuit before the case has been fully decided. The SEC had sought to appeal two parts of the decision from the Ripple case prior to a full trial on the question of whether Ripple executives had aided and abetted securities laws violations. Those two parts of the proposed appeal were that sales of Ripple tokens to retail investors through an exchange, known as programmatic sales, as well as the distribution of tokens to contractors and staff, both constituted unregistered securities transactions. The judge said that the SEC had failed to meet the legal standard required to bring an interlocutory appeal. Specifically, they wrote in their order that the SEC is not arguing that the court applied the law incorrectly. Instead, the SEC argued that the judge incorrectly applied factual analysis of the Howey test to the specific set of circumstances in the case. Digging in, the judge clarified their original decision. They wrote that they had not ruled that sales of tokens through an exchange can never produce a reasonable expectation of profits based on the efforts of others in order to satisfy the Howey test. Instead, the judge's decision was that the specific set of facts presented in the Ripple case did not satisfy the Howey test. As an extension of that logic, the judge also rejected the idea that the Ripple case has significant precedential value for other token cases. They stated that that would misconstrue the court's ruling. The order clarified that The court held that based on the totality of the circumstances in this case, including an examination of the facts, circumstances, and economic realities of the transactions, Ripple's programmatic sales could not lead investors to reasonably expect profits from Ripple's efforts. The judge explained that their analysis was based on a multitude of factors and did not turn on the fact that Ripple's offers and sales were on crypto asset trading platforms. They even referred specifically to an order made in the Terraform Labs lawsuit as well as the Library case and stated that the decisions were not in conflict because they deal with entirely separate sets of facts. Peels are only allowed to deal with a dispute on the state of the law rather than a disagreement on how the law has been applied in a particular case. In rejecting the SEC's argument that there was a substantial disagreement about the state of the law, the judge wrote that To simplify it down, the judge appears to be saying that there is no dispute that the Howey test is the correct legal theory to apply in the Ripple case, nor is there any dispute about the judge's understanding of the Howey test. The only disagreement the judge could find on the SEC's application was in how this judge applied the Howey test to the specific facts of the case. The judge ruled that this was not a disagreement subject to appeal. So what are the takeaways of this ruling? Well, one, the decision seems to severely restrict the SEC's ability to appeal the Ripple decision whatsoever. If the regulator wants to bring an appeal, they will need to find new grounds and argue that the judge got the law wrong rather than simply made a decision that they disagreed with. More broadly, this order seemed like an implicit criticism of the SEC's strategy of regulation by enforcement. If each token case relies on a separate set of facts and is of limited precedential value, the theory that the SEC can simply win a handful of cases and apply those precedents broadly across the entire industry appears much more shaky than it previously might have. Finally, the judge in the Ripple case appears to have given a lot of thought on how to make their decision unable to be appealed. This order did not give the impression that the judge was looking to make decisions that would need ratification in an appellate court. Instead, it appears that the original Ripple decision was written in such a way to make it resistant to appeals. They seem to have thought through the arguments that might be made to force an appeal and worked around them in advance. In terms of what's next, the judge set a trial date in April to deal with the remaining issues in the case, and the SEC will be able to make another attempt at an appeal once that trial winds up. Now, a lot of folks in the industry were, of course, very excited about this. Brad Garlinghouse, the CEO at Ripple, said, just that XRP in this case wasn't one, and that even though some XRP acquirers purchased it for speculation, the SEC didn't prove it was tied to the efforts of Ripple. Now, on the flip side, although the judge's decision was fairly firm, some crypto lawyers did caution against celebrating too early. Gabriel Shapiro, the general counsel at Delphi Labs, said, don't get too excited about the denial of SEC's interlocutory appeal in Ripple. It doesn't mean the SEC lost its appeal. It means that if the SEC wants to appeal, it has to appeal everything at once after the trial. Still, some useful clarification of Judge Torres's opinion. Consensus lawyer Bill Hughes, however, thought the decision was a more significant blow to the SEC, tweeting, SEC served another L in the Ripple case. Crypto has been calling BS on this making it up as you go approach. Good to see at least one court also taking note. So, friends, overall, a fairly exciting day in crypto land. We got a demonstration of how U .S. politics, as disconnected as it might seem from crypto, actually has an impact on how the industry might grow and develop in this country. And we got yet further evidence that when it comes to the rule of law and protecting this industry's right to, you know, be an industry, the courts are, at least at this time, our best backstop. In any case, that is where we will wrap for today. Excited to share more evolutions with you as they come. Thanks one more time to Kraken for sponsoring the breakdown. And until tomorrow, be safe and take care of each other. Peace.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1421: One Bitcoin Will Reach $60 Million - Binance CEO CZ
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show, Bitcoin traders hope $27 ,000 holds as the Bitcoin price ignores the volatile US dollar and breaking news just in. El Salvador's volcano energy launches the nation's first Bitcoin mining pool. Let's go! That's right. Quitting Max Kaiser, send all your hash to El Salvador. Bitcoin miners around the world, send us your hash to save the planet from fiat money crooks and central bankers President Bukele launches his re -election campaign and volcano energy launches our mining pool the same week. All the stars, all the memes, and all the worlds are aligning behind the Savior. Preach! Also in today's show, breaking news, Judge Torres rejects the SEC's motion to file an appeal against the Ripple ruling. We'll also be discussing Alameda Research sent 4 .1 billion dollars of the scam FTT tokens to FTX right before the crash. I'll be breaking down this latest report as well as a new book reveals the Binance CEO CZ rejected Bankman Freed's 40 million dollar request for a futures exchange. Also, California residents filed class -action lawsuit against Binance and its CEO over the alleged role in the FTX implosion. We'll also be discussing Binance versus the SEC as an amicus brief was filed accusing the SEC of regulatory overreach. I'll also be breaking down for you CZ's 60 million dollar Bitcoin price prediction. That's right in September of 2021 when Bitcoin was trading at $60 ,000 per coin he said Bitcoin can grow in value another thousand X which would mean 60 million dollars per Bitcoin. We'll also be taking a look at the overall crypto market all this plus so much more in today's show.
Tech Path Crypto
A highlight from 1278. Gensler LOST AGAIN! | Judge Shreds SEC Appeal! | XRP Update
"Let's get into some XRP news today and talk about the SEC taking another black eye. These guys are taking round after round from the judge, and it's going to be an interesting one for sure. You don't want to miss this show. All right, my name is Paul Baron. Welcome back into Tech Path. Let's get into it. A couple of topics that we'll break down from the judge, but also the kind of impact this could have for the overall crypto markets, even the Coinbase case. We'll give you guys kind of a rundown. One thing I do want to do is thank our sponsor, and that's iTrust Capital. If you guys are looking at going into long -term investing into crypto IRAs, this is one of the vehicles you can use, and it's very simple to do it. Easy to start up, there's no monthly fees, and all you have to do is you can do your own self -directed trading. So if you want to get into XRP or others, you can do that right here within the iTrust Capital IRA. Very easy to join, and you'd be joining 200 another ,000 accounts that have already created IRAs there with iTrust. So check the link down below. You get a $100 funding reward if you decide to do something there. Helps our channel out. Appreciate that. All right, so let's get into a couple things here. I want to go over to the PDF here. This is the judge response, and there's a few points. I'm going to kind of zoom in on this a little bit for you guys. There's a few spots in here. There's going to be a lot of scrolling, but the point is we're going to get to a couple of points here. I want to go down here to page five. All right, so let's get into this. First, SEC has not presented a pure question of law. This is one of the things that the judge has already pretty much put in in the judgment on the first ruling, and of course, kind of them just saying, hey, this is, you're still in the same position here. In fact, the court specifically rejected defendants' essential ingredients, the legal test, and applied the SEC's legal standards. So this was where the SEC was essentially trying to create their own rules. Judge says, nope, not going to work here. Further into the document, the SEC seeks to appeal question C, and issuers offers and sales of crypto assets and trading platforms create a reasonable expectation of profits based on the efforts of others. But the court did not hold that offers and sales on a digital asset exchange can create a reasonable expectation of profits based on the efforts of others. So I think that is pretty much the same kind of scenario that's playing out in the Coinbase trial that we will most likely, I think we're going to see a win there as well. Ripple's programmatic sales were blind, bid -asked transactions, same as almost every crypto transaction out there. Ripple's programmatic sales represented less than 1 % of the global XRP trading volume, did not make any promises or offers, and the SEC failed to provide evidence. The SEC failed to provide evidence, and she just keeps on, failed to provide evidence over and over on all of this. So really kind of hitting home on the SEC, just not holding up their end of being able to even prove that XRP or other digital assets are securities. Further in this document, it says the SEC failed to provide evidence and the development of use cases for the XRP ledger, which constitutes a tangible and definable consideration to Ripple. That's important. Court also rejected the SEC's argument that XRP provided Ripple employees as compensation and bonuses satisfies the Howie's first prong. So getting into a lot more detail here, and I think this is going to flow into the rest of the civil cases that are still out there against Garlinghouse and Larson. All right, so court rejects the SEC's remaining argument that the courts have accordingly found section five violations where unregistered crypto asset transactions occur not between the issuer and the investor, but through intermediaries, including on trading platforms, keyword on trading platforms. That is Coinbase in a nutshell. And I think that's the scenario. Digital assets I think are getting ready to fall outside of the guise of the SEC. Court rejects the argument that there is a substantial ground for difference of opinion, meaning it doesn't matter what you think the court has a rule of law to go by and we're going to affect it. And, uh, the SEC is not creating their own law, which is the other scenario. Okay, so further in the court, uh, in the document, the court cannot draw any conclusions about library's core reasoning, uh, to an issue because it was never litigated. Therefore the SEC fails to point to any digital asset cases which conflict with the court's holding as to the other distributions. If you don't know about what happened in the library case, this was a really a milestone event for the SEC, but now the court is pretty much saying, man, not really. Listen into this clip right here. After the blockchain was launched and we didn't do an ICO and this was during the ICO boom and then we said we were trying to be a conservative company and eventually the SEC sued us and they declined to actually bring the trial until shortly before the statute of limitations was going to hit on our, on our first buying time. Yeah. We came in and we did a whole presentation and they just used that stuff against us. Never answered a single one of our questions. We've said we'll destroy the entire company. We'll give you our entire pre -mon. You can have every dollar in our bank accounts, right? But what we want is the status that Bitcoin has, right? If I have to blow everything up, if that's what's somehow the difference here. Okay, fine. Just tell me that that's what I have to do. They won't tell you that. They'll say you're, I mean, seriously, it's so it like gives me an energy. That's crazy. I mean, that would be in the founder of library talking about how much pressure and just gravitas that the sec is wielding out there on small companies. And that's the problem of overreach that we talk about all the time. All right, so let's go back to, actually there's another clip I want to play for you. This is John Deaton. Listen to this one. The judge agreed with me, promised me, assured me that he was going to make sure that the world knew that his decision did not apply to secondary market transactions. And that was a very important point because judge Torres in the ripple case cites that hearing Jeremy Kaufman and library spend between one and $4 million and they spend another couple million dollars in legal fees. The sec spends ungodly amount of hours taxpayer money. And when it's all said and done, the government protected us by getting $111 ,000 in legal fees. From library. Well, we've successfully destroyed them financially. We did what we told Jeremy Kaufman we were going to do when he argued with us and we said, we will bankrupt you pal. What happened is the library is appealing the decision by the judge granting summary judgment to the sec. I think that they have been emboldened, if you will, because of the grayscale ruling by the ripple decision by maybe even the Uniswap decision by judge failure and hopefully a really good decision that comes down in the Coinbase motion to, to dismiss. Remember people, there's not a case in 80 years that supports taking an asset that may have been an investment contract in the beginning and then calling it an investment contract. The underlying asset forever. None. Yeah. So Deaton pretty, pretty benefit. I'm pretty passionate about that. And I think he does kind of hit that point home is that the sec kind of plays unfairly, not surprising and to anyone out there. But the good thing is, is now the courts are starting to rule against them. And this seems like they are finally in a position where they're taking the bully to class here further in the conclusion denied at the sec's request for a stay is also denied. So this court basically just lashed everything down. This is an interesting statement at the end prior to the final pretrial conference council for both parties along with parties themselves shall meet in person for at least one hour to discuss the settlement of the match. So they are really meaning the court is really pushing to get this done. This of course is Annalisa Torres, judge Annalisa Torres, which I think is the one that has pretty much outlined that the sec has no case here for digital asset control and most likely is going to fall under, under outside the graces of the court when it comes to the, to the Coinbase, uh, case as well. All right. Just a couple of tweets here. Uh, corrupt sec got an effort fail on their appeal. Judge Torres wrote the fail 10 times. Uh, here's Stuart Alderati, of course, the ripple attorney courts, um, July 13 ruling was and remains law of the land XRP is not a security. Jeremy Hogan comes in and says, Hey, okay, look here. A couple of things here that I want to note. Uh, and that is really this statement right here. This is a disaster for the agency. I'm going to mark that just it's there. This is a disaster for the agency, but I think this is, this is a good thing for crypto in general and digital assets. But more importantly, I think for digital asset technology and how all of this is moving forward, keeping government overreach out of industry and innovation is important because as you know, Deaton kind of mentioned, they went through all that, you know, millions and millions and millions of taxpayers money for $111 ,000 for a library case, which is probably going to get overturned out. So not a good one. Here was Scott, Scott Chamberlain, uh, further talking about the XRP case and he kind of hits something here. So there's a lot in change. SCC failed to prove its case. Now it has to push not something nice uphill with a pointy stick if it wants to win. So they have a huge boulder in front of them to get this done in being able to win. I think the SCC has lost this and I think it's going to start either looking very bad for Gensler or the SCC is going to start to pivot their position. Now you look at it politically, that could be the case because we're starting to see some things in DC that could also kind of tie into this. I want to go over to this last clip, which is Deaton talking about this a little bit further into what this might mean. Listen in. She said some XRP holders, no doubt bought XRP for speculative reasons and they may have relied on the efforts of Ripple, but the SCC didn't prove that. Programmatic sales of XRP on exchanges are not securities. XRP itself is not a security. And what she did in this decision was solidify it. And I'm telling you it's untouchable. It cannot be touched. She even said, look, I never said that it's impossible for some crypto token to still be a security when it's bought on an exchange. I've just said that XRP in this case with these facts are not period. She even made it more clear that as of right now on this day, excluding Bitcoin, XRP is the only one clearly, with legal clarity. I'm really hoping that judge failure comes through on the Coinbase decision because I think that will be when Gensler is forced to pivot. And that's when Elizabeth Warren has to accept that her anti crypto army is a bunch of old people about to die. All right, there you go. Anti crypto army dead. Uh, and I think back to my point is that I think that Gensler is going to pivot. He has to, this is starting to impede political positioning. It's also impeding the benefits of what the SCC is going to try to do in really the work they should be doing, which is real securities law. And that is the challenge because right now it's just overreached. This is just power grabs. You look at what Graywall was saying here. Of course, this is the Coinbase attorney. SCC just filed its opposition motion to dismiss their case. This is the opposition to the motion for Coinbase trying to get this dismissed. This is going to take on a light of its own. If you look back down here at the end, it says, we look forward to filing our reply in October 24th. So as always, we appreciate court's consideration. So this is probably going to move into November, but the key here is the SCC continues to lose and they're losing in very, very grandiose ways. And this is not good for anything from a governmental overreach standpoint. I think it's even worse for the political position of the SCC. And this also starts to change things dramatically, I think in digital assets as a whole. Most likely Coinbase is going to come out of this. Coinbase is going to look really good pretty soon. So, all right guys, we're going to get into that more. We're going to be covering more of this. Obviously we had the speaker house change up this week. There's a big implication there on crypto and digital assets as a whole. We'll cover that. Make sure and stick around on the channel. If you're not subscribed, make sure and subscribe right now. Just hit that little button down there. If you want to get some of our live streams, I'm doing as much lately, but we do want to bring those back. Just hit that bell. You'll get notifications when we do this. All right, if you're not in our diamond circle, get in now. It's another place where we drop additional content. We've got a really special surprise for you. We've got new TA videos coming only to our diamond circle members twice a week. Those will be dropped on, it looks like Monday and Thursday. Plus you're going to get Kyle's webinar, excuse me, web3 podcast, and he's adding another show to it. So you're going to get four new pieces of content that you don't get anywhere else. Not here on YouTube, only in the diamond circle. Click the link down below. You guys want to catch me? It's out there on Twitter at Paul Baron. We'll catch you next time right here on Tech Path.
Thinking Crypto News & Interviews
A highlight from BIG RIPPLE XRP NEWS! JUDGE DENIES SEC GARY GENSLER APPEAL! RIPPLE SINGAPORE LICENSE, SEC VS COINBASE & BINANCE
"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. Please also hit the five star rating on the podcast platforms. Well, folks, as you can probably tell by my voice, I am sick. I'm under the weather. I think I picked up something at the ripple proper party, but it was certainly worth it. The ripple proper party was incredible. It was amazing to meet many of you in person and to chat with you all and then get to know you a bit better. Thank you all for your support. It was just an awesome experience. Well, folks, let's jump into the news. The SEC's motion to appeal the loss in the ripple case has been denied. Judge Torres once again denying the SEC and scumbag regulator Gary Gensler. Gary Gensler's lies, failed talking points and bullshit are not, of course, going to be holed up in court so he can continue going on TV and telling lies. But it's not going to happen with the judiciary branch. This is great, folks. We are seeing a government agency that is run by a corrupt bureaucrat being put in their place. They've obviously fallen far from their core mission of protecting investors. They become political and they are trying to go beyond above and beyond what powers have been given to them. Their goal is to protect investors, but they're doing all kinds of nonsense. We know Gary Gensler is a puppet on strings trying to protect the trad fi banking incumbents who are being disrupted by cryptocurrency and blocking companies. So this is amazing. Let me give you some details. So district judge Annalisa Torres said in that brief ruling Tuesday that the SEC had failed to meet its burden under the law to show that there were controlling questions of law or that there are substantial grounds for differences of opinion. So Gary is getting shut down. You know, there's obviously going to be a trial next year, but we'll see. There could be some sort of settlement here wrapping this up because I don't think the SEC can continue to take losses like this. Here's what Ripple CEO Brad Garlinghouse had to say on the matter. The SEC's request to file an interlocutory appeal is denied. I am not a lawyer, but it seems the court just told the SEC, you asked me to apply the Howey test. I did. And like it or not, you lost. Exactly. Stuart Alderadi, chief legal officer at Ripple said the court's July 13 ruling was and remains the law of the land. XRP is not a security. Here's what John Deaton's crypto law highlighted. In footnote six of her ruling today, Judge Torres raped the SEC for shifting the inconsistent arguments as to its legal theory about other distributions. This is in line with Judge Netburn's earlier admonition on the SEC's lack of faithful allegiance to the law. So you have a government agency that doesn't even respect the law folks. They use our tax money to do their jobs, right? That's how they're funded primarily. And they don't even It's unbelievable. This is why we need a total revamp. And if you've seen my interview with Congressman Warren Davidson just a few days ago, he has a bill called the SEC restructuring act or whatever it may be, where it would eliminate that chair role and add another commissioner to bring more balance. And I think we need something like that because clearly, I mean, whether you're a Democrat, Republican, independent, it doesn't matter if you just look at this reasonably, you see something is wrong here. There's this agencies rotten at its core. Here's what attorney Jeremy Hogan had to say. The SEC's motion for interlocutory appeal denied, which means the case either goes to trial in April or goes away. And this order allowed the judge to explain parts of her ruling even better, making the appeal that much harder for the SEC to win disaster for the agency. Now, quick word from our sponsor, and that is uphold, which makes crypto investing easy. I've been a user of uphold since 2018. So I can 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 on here as well as 37 Fiat currencies. And you can very easily switch between the Fiat precious metals and cryptocurrencies. So that's a very unique feature to this platform. If you'd like to learn more about uphold, please visit the link in the description. Now, attorney Fred Rispoli also weighed in on this, and I've had him on the podcast many times. He said XRP community, the big win was on July 13th, of course, but this is a but this is also pretty sweet options for the SEC are dwindling at a rapid pace. This opinion to me oozed with contempt from Judge Torres for the SEC for wasting her time and in a disrespectful way. I still maintain it all went south for the SEC the day it took such widely hypocritical positions in the Hinman email saga. What an epic fail decision for show me the De Niro to narrow the TLDR of this order to me is the footnote six that first sentence the court further notes that in its summary judgment briefing, the SEC presented shifting and inconsistent arguments as to its legal theory about other distributions. This statement was completely unnecessary for Judge Torres to make and only exists to jab at the SEC out of character for Judge Torres but fully necessary. The SEC may seek an emergency writ to the Second Circuit, but that will be denied. It would waste time and money. So I cannot put that at a zero percent probability. The order's many references to facts yet to be decided was saturated with implications by Judge Torres and that any and all arguments by the SEC will be greeted from a starting point of being non -credible. Wow folks, these judges are taking the SEC out to the woodshed and it's Sarah Netburn going back to saying the SEC has no faithful allegiance to the law. Even recently in full of it. Like what are you trying to tell us what is the security and what's not? Obviously they can and they greenlighted Coinbase to go public. So I think these judges are seeing this is nonsense. What are we doing here? Right? The SEC is not abiding by the law. Now Neil Hartner of Ripple highlighted the following. He said, by my count, the SEC got an F on their interlocutory 10 times in her 14 page ruling.
Simply Bitcoin
A highlight from CONGRESS DEMANDS BITCOIN ETF APPROVAL - GENSLER GETS REKT | SB Originals
"You refuse to be transparent with Congress regarding your interactions with FTX and Sam Bankman -Fried. That's the investigation we started last Congress. Finally, your lack of responsiveness to this committee's legitimate oversight continues to be unacceptable. And I want to finish here. In February, the committee made multiple requests for documents to the Securities Exchange Commission. This is normal congressional oversight. Yet seven months later, the committee has not received a single non -public document that was not part of a FOIA production. As I said, our patience is wearing thin. The SEC is not above the law, nor is it unique. Other financial regulators have routinely complied with congressional oversight. So let me be clear. I do not want to be the first chairman of this committee to issue a subpoena to the Securities Exchange Commission. And you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress is a co -equal branch of government and is responsive to our oversight duties, or my option is to issue a subpoena. It's time for you to consider the lasting consequences of your actions and what that means to the Securities Exchange Commission's reputation long term. While your time in this role may be temporary, the repercussions for your actions may be permanent for the agency. I yield back. What's up and welcome back. You know, they say when you're on the hot seat, the burns can last a lifetime. And the other night the hot seat was in Congress and Gary Gensler was feeling the heat. We got a lot to cover. Let's get it. All right, let's get it started here. This was just in full letter to the SEC, and this was on September 26th and addressed to Chairman Gensler. It included Representatives Mike Flood, Tom Emmer, Richie Torres, and Wylie Nickel, and they claimed the SEC continuously is discriminated against spot Bitcoin ETFs. And then we have this from Representative Warren Davidson, Gary Gensler must be held accountable. And then if you guys look at the tweet here throughout his tenure, Gary Gensler has blatantly ignored Congress, be it when considering rulemakings or responding to lawmakers oversight requests. Republicans continue to bring long overdue accountability to Gensler's SEC. Republicans are holding SEC Chair Gensler accountable. They even went so far as to say, all right, let's bring in subpoenas or maybe we should just fire this guy. He went further. Gensler's failures are many. That's why I introduced the SEC Stabilization Act to fire Gary Gensler. He'll see you in the hearing. And we've got so much of the hearing to get to. It was honestly out of line in some regards, hilarious. But let's get to it. And we're going to go ahead and get it started here with the GOP majority whip, Tom Emmer totally crushes Gary Gensler. Here's one quote. It cannot be understated. A common theme throughout your career, sir, is your relentless loyalty to the largest financial institutions at the clear expense of innovation, competition and everyday Americans. Let's roll the clip. Chair Gensler, I have a series of questions that require a yes or no answer. And in the interest of my limited time, I'd appreciate it if you would comply with it. Mr. Gensler, is it fair to say generally that large institutions in any given industry benefit more from regulatory uncertainty than everyday market participants or smaller institutions who don't have the scale or the capital to fund expensive compliance teams? Large institutions could benefit from uncertainty. Reclaiming my time. The answer is yes, sir. Mr. Gensler, you had an 18 year career at Goldman Sachs where you were partner and co -head of finance, correct? Yes, sir. Thank you. And is it correct to say that you made most of your personal wealth directly through your employment at this bank, Goldman Sachs? I've done well since then, too, sir.
Bankless
A highlight from ROLLUP: Coinbase Crashes DC | Gary Grilled By Congress | Vitalik Deepfakes
"Miss Wagner is like, yo, MIT version of Gary was pro -blockchain, but SEC Gary is anti -blockchain. And then Richie Torres is like, yo, it's a Pokemon card of security? These people are listening to crypto Twitter. They are like, these are our things. The power of crypto Twitter is like getting into Congress. Well, it's because it's distilled logic. I mean, Bankless Nation, it is the last Friday of September. David, what time is it? It's the Bankless Friday Weekly Rollup Ryan where we cover the entire weekly news in crypto, which is always an ambitious endeavor, yet we persevere nonetheless into the frontier this week with a bunch of clips of Gary getting grilled. So everyone, everyone prepare for that one. If you're not listening to this with coffee, because it's too late in the day, well then you should get your popcorn, because that is what you will need. I mean, this is a catharsis, I think, for many of you in this episode. You'll enjoy this very much. Also, crypto was present in Washington this week. Yeah, Coinbase's stand with crypto day was held at Capitol Hill the same day that Gensler was giving testimony in front of Congress. Convenient. What about the timing of that? David, what else we got? After that, we'll talk about pudgy penguins in Walmart landing a huge deal, a ton of distribution for pudgy penguins, also with each toy purchase having an on -chain identity on ZKSync. So we'll talk about that. And then after, also not only are penguins getting identity, but citizens of Buenos Aires perhaps also getting some on -chain presence as well. We'll talk about that. And then, of course, we're going to do the PSA of deepfakes and phishing attacks that are out there. We got a Vitalik deepfake that we want to show you. It's pretty hilarious, but not if you believe it. Notable VC Fred Wilson got phished for 40 NFTs this week. So if Fred Wilson can get phished, so can you. We will talk about this and more. What else we got, Ryan? You know, the usual Bitcoin ETF stuff. ETH might be getting futures. There's a ton to talk about every week. This is a bullish week, I think. I'm declaring it such, David. It is a bullish week. And we got some green candles when we get to the markets. But before we get in, David, we got a message from our friends and sponsors over at Layer Zero. What do they want the folks at home to know? They want you to know that after a year, over a year of combined effort, Layer Zero and Google Cloud have announced their partnership, and they are ready to build the interoperable cross -chain apps of the future. What is Layer Zero? Of course, Layer Zero is a set of smart contracts that are deployed on every single chain. These smart contracts connect to each other. How do they connect to each other? Well, they need some Oracle service in the center to be the chatterboxes, the passing messages between all of the Layer Zero smart contracts across all of the 50 different chains. Google Cloud is that new default Oracle. That is the partnership that they have created. So there is a link in the show notes for you to go explore more if you're a builder who wants to build on Layer Zero. LayerZero .network is also the URL. Well, you know what I want to learn more about this week, David, is markets. Tell me about the old markets. I think, I think, I haven't looked at this yet, but I think we got some green on the week. We got some green, dude. Let's look at the Bitcoin charts first. What's Bitcoin showing us? Some single digit green. Look at that green right on the right. That's your dose of dopamine for this week. It's like, whoo, Bitcoin up 2%, whopping 2%. Started the week at 26 ,600, ending the week at, well, Thursday morning, if you call it the end of the week. It's not the end of the week. 27 ,150, up 2%. Ether price up a little bit more, starting the week at 1660, up 4 .5 % to the current price, excuse me, starting the week at 1560, ending the week at right around 1660, where we are right now. 1660. I mean, it's still low. That is a low price. We are getting excited about very little right now. Yeah. It's up such a small degree, you shouldn't even be excited about this. And yet we are. Yeah, we are. 4 .5 % on the week, I'll tell you. It's better than flat. When's the last time we had a double digit week, man? Double digit up or down? Up. I can't remember either, actually. We've been in the flatlands for so long. It's just like kind of a little bit of a bleed out all the way from 1900. Weren't we over 2000 a few weeks ago? Yeah, we have touched over 2000 in this bear market, but man, it certainly doesn't feel like it. Last time we were at 2K was July. In July, briefly. We weren't at 2K. Yeah, I can't remember July. Well, I was in the mountains. It's been downhill ever since I caught back for the mountains. Yeah, it really was. It's been all downhill since you guys. The only thing you can do, David, is go to the mountains. Bad things happen to Gary Gensler when you go to the mountains. Although, I guess nothing bad happened to him this week. Anyway, I'm skipping too far ahead. We'll have our Gary later in the episode. ETH, Bitcoin, up 2%. Total crypto market cap, $1 .11 trillion. Layer 2 scaling factor, touched 6 % this week, down to 5 .5%. Still at all -time highs. Layer 0. Wait, what touched 6 %? Excuse me, not 6%. Total value loss? 6x. 6x is what I meant. Oh, activity. That's what you like to look at. Yes, layer 2 activity touched 6x of Ethereum, but now it's at 5 .69. Nice. 60 transactions per second, 64 transactions per second. Yeah, that's where we get the 6x. We got more transactions per second left in this tank, I think. Oh, yeah. David, you want to talk about the general markets, like all the TradFi markets? You want to talk about macro really quick, because it's been super confusing to me. It's been super confusing. And then I read this tweet. We're also doing a macro show on Tuesday as well. So a macro show, so talking about the state of macro from a crypto person, so it's a crypto person who understands macro, so I'm really excited for that show. Are you a crypto person that understands macro, David? Do you understand macro? When I have a smarter macro person with me, then yes, I understand macro. My question to you is, does anybody really understand macro, particularly right now? Oh, you mean current snapshot? Definitely not. Yeah, all right. So here's the tweet. Current situation. One, stocks are falling like a recession is coming. Two, oil prices are rising like there's no recession in sight. That's contradictory. Three, interest rates are rising like we have 10 % inflation. Yes, they are. Four, gold is falling like inflation is gone. Five, housing prices are rising like rates are falling. And six, commercial real estate is falling like it's 2008. Nothing adds up here. That's the way I feel about macro right now. It's very confusing. There is a confusing set of signals going on, and it's not adding up in my head. What do you think about this? Yeah, they follow through, and they say it's beginning to feel like a pivot point in sentiment. I don't know if I'm about to say what I think they are meaning by this, but when there's a bunch of confusion, people, I think, brace for something, brace for clarity, and then whatever that clarity is will define sentiment. Where are we going? We don't know. As soon as we find out, we'll know how we feel about it. But we know it's going to be different from here. Different good or different bad? Those are the only two directions. Yeah, I guess that's the reductive take about it. But it's basically like we don't really know. That's why I'm very interested in doing this macro episode next week to see what the newest macro person kind of knows. I will say one thing, though. I think volatility is back on the menu. I think that's what this means. Because when the market doesn't know what direction it's going to go in, then it can kind of lurch in one direction or the other. So weird macro climate right now. On the back of stimulus, on the back of money printing, like what's going on here? And just to be clear about something, we've previously talked about stocks being at all time highs. That's been kind of the theme of the last two months, I would say. Well, so from looking at the SPY, you don't have the chart up, but it has declined by 7 % since July. So the SPY is down 7%, which is more. That goes to the first bullet point. Stocks are falling like a recession is coming up. I don't know. It's down 7%, just doesn't feel like a lot to me. Well, in the trade market, 7 % is a lot historically, but not recently. 7 % in the trade market is actually, that's just like, trade markets are also volatile. OK, well, we'll try to make sense of this, but let's get back to crypto. This is a negative report from JP Morgan, who said, Ethereum's activity post -Shanghai that was the last hard fork back in March, has been disappointing. JP Morgan calling Ethereum's progress disappointing. They've got some reasons for this. While the shift from proof of work to proof of stake meant that the energy consumption from Ethereum collapsed by 99%, the Ethereum supply is shrinking and staking rose sharply by 50 % since the Shanghai upgrade. While that happened, the increase in network activity has been rather disappointing. Ethereum's daily transactions, daily active addresses, and total value locked on DeFi protocols on the network have all experienced declines since the last hard fork. So JP Morgan, their analysts expressing some bearishness here over the last six months or so. Yes. I'm not mad, just disappointed with that activity. My response to that is, who the hell are you? JP Morgan doesn't know how to analyze these things. Well, I don't know. Ethereum post -Shanghai activity, it's just the broader crypto downturn. And also, they're just wrong, JP Morgan, he is wrong. They say layer twos have displayed mixed results. Well, no, TVL and economic activity on layer twos across the board are all up. I don't know where the hell they're getting their data from, but not only is their data wrong, but their analysis is poor. Well, let's go to the actual numbers, Stephen. Layer two beat provides a good source for value locked on layer twos. What are we looking at? At the 180 -day time frame, it's basically flat. It's marginally up, it's basically flat. It's a flat TVL, $10 .5 billion. Activity is up, it's up so much. It's unequivocally up by a lot. I'm disappointed in JP Morgan. Wow. Have you ever been not disappointed with JP Morgan, David? I'm generally disappointed by banking in general. Really? You should start a podcast called Bankless, David, about escaping your bank over time, slowly. I think Vance Spencer put that tweet in perspective as well. Actually, I don't think he was responding to that tweet in particular. But we are. We got some perspective here from Vance Spencer. This is Ethereum, if you chart it against some of the fastest growing tech companies in human history, companies like Alphabet was Google, of course, and Meta or Zoom or Microsoft, and how quickly, over time, it took them to surpass $10 billion in revenue. How long did it take them? It took Ethereum seven years. When charted against these other tech companies, there's only one that did that faster, and that is Google. Yeah. Ethereum really did all of its $10 billion of revenue inside of 2020 to 2023. I mean, so look at this line. It's just kind of like a slope line up. So I mean, doing pretty well, all things considered, JP Morgan. Not disappointing. I'm not disappointed by this. And I'm not disappointed. Also, long -term perspective, not disappointed in the price of ETH over the last seven years either. And we can keep going. Uniswap this week hit 300 million in swaps. 300 unique million trades, swaps, has happened on Uniswap. Uniswap was invented in 2019. 300 million swaps since 2019. Is that disappointing? Is that disappointing? I'm not disappointed by that in the slightest. I feel great about that. Maintain my disappointment about JP Morgan. You know, I think it's part of a broader crypto sentiment, and I've seen a lot of takes just in general in news, but even in financial analyst news like JP Morgan research, that sort of thing. It comes back down to this, David. Mainstream thinks that crypto is dead, again, like always. This always happens. And this is what makes this a buying opportunity, as with previous cycles. And when crypto 10x's the next cycle, don't let anybody tell you you didn't earn it. Because if you're buying here, when everyone is saying crypto is dead, it's never coming back. That they're disappointed. That's how you earn. It's so easy. The signals are just being laid at our feet right now. They really are. I tweeted something like that out, and somebody responded with this life cycle. What are we looking at here? Yeah, just like the cycle of the bull bear market. So in the top of the bull market, some crypto friend of you will tell you, a bankless listener, you're so lucky. I wish that I bought two. And then the crypto market will go down and be like, you're an idiot. I told you crypto was a scam. Yeah, so especially when they say the words disappointing, it's such an emotional word. It's kind of just playing into the readership. I don't know if JP Morgan is about that game. I mean, we're in the stage of the cycle where everyone thinks you're an idiot. And they told you it was a scam. And you can't talk about crypto at your family events or parties because you're just the crypto moron who knows nothing. And ha, ha, ha, SPF, FTX, that's so stupid. Scams, frauds, NFTs are such a joke. Well, granted, some of those things are actually true. Sure, sure. But if you're still in crypto and you know why you're here. And you're no longer buying the scams because you can identify them. And then you'll swing back to like, I am a genius. I am amazing. I am lucky. Or third parties will say you're lucky when that happens and you'll feel like a genius. You've been chewing glass for three years, but you know, you got lucky, though. You got lucky. How about the Bitcoin ETF, David? Here's a tweet from James Seyfert. What's this about? He just says that the SEC has come out super early and delayed the ARK Invest and 21 shares Bitcoin ETF filing. There wasn't a decision due until November 11th. And typically up until recently, the SEC has always gone up right up until the buzzer. But they decided to delay their decision on this earlier than usual. You know why? Partially? It's some speculation. It's because the government's about to shut down. The U .S. government's about to shut down. That's on Monday, right? On Monday? Yeah. So apparently if by Sunday night, this Sunday night, Congress doesn't reach some sort of compromise resolution, whatever agreement to keep the government running, then it shuts down yet again. I mean, how many times have we been through this? And so this is the SEC just getting ahead of that so that the stuff doesn't expire while the government shut down. And I guess, I don't know what would happen if the government shut down and these deadlines were missed. But maybe they would de facto be approved. I think that could be how it works. Is this some sort of pseudo oracle about how the SEC thinks that if we do go for a shutdown, we'll get shut down all the way until at least November 11th? I have no idea. I have no idea what this could mean. I do know this is good news. So Congress, both Democrats and Republican lawmakers, sent a letter to Gary Gensler pleading that he approve a spot Bitcoin ETF.
The Breakdown
A highlight from Congressional Republicans Lash Out At Gensler
"And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated ogles closed the hearing with the call to open up the floodgates, hit him with subpoenas, get the information we need. The obfuscation, the not answering questions, I'm sick and tired of it. Dude, you wear tap dancing shoes better than Fred Astaire and enough is enough. It's time that questions are answered and that we have the information that we need. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, September 28th, and today we are talking about Gensler's combative hearing. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on The Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, we had yesterday another hearing featuring SEC Chair Gary Gensler. This was a House Financial Services Committee oversight hearing. And what makes this one a little bit more interesting, even in the Senate hearing that we heard last week, is one, it had some interesting lead -in in the fact that a bipartisan group had just sent Gary Gensler a letter encouraging him, in the strongest possible language, to approve a Bitcoin spot ETF. And two, it had the setup for some very interesting fireworks heading in. And indeed, that is exactly what we got. Committee Chairman Patrick McHenry set the agenda from the beginning with his opening remarks. He addressed Gensler saying, Last time you were before the committee, I voiced my concerns regarding your reckless approach to rulemaking, lack of capital formation agenda, crusade against the digital asset ecosystem, and unresponsiveness to Congress. So many things changed, so many things remain the same. Those are the same issues on the docket today. McHenry went on to accuse Gensler of doing nothing over the past five months to remedy the legitimate and often bipartisan concern expressed by this committee, adding that this is disgraceful and that their patience was wearing thin. Now, the Republican critique of Gensler's rulemaking agenda is that a huge number of rules have been proposed during his term without an economic analysis being performed on their cumulative effect. Regarding the crypto crackdown, McHenry rebuffed Gensler's constant assertion that the law is clear. He stated, your actions have created more confusion and lasting damage. Indeed, he said that contrary to the SEC's role of consumer protection, that Gensler's actions had, quote, pushed legitimate digital asset activities outside of regulated financial institutions where consumers are best protected. Keep in mind, this is all in the opening statements. McHenry went on noting that the SEC's regulation by enforcement agenda has been ineffective and has been on a massive losing streak in the courts. Still, the main point, the main thrust of McHenry's opening, was that it was unacceptable that the SEC had not engaged with Congress. Wrapping it up, McHenry said, the SEC is not above the law, nor is it unique. I do not want to be the first chairman of this committee to issue a subpoena to the SEC, and you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress as a co -equal branch of government and is responsive to our oversight duties, or my option is to issue that subpoena. It's time for you to consider the lasting consequences of your actions and what that means to the SEC's reputation long -term. While your time in this role may be temporary, the repercussions for your actions may be permanent for the agency. It was a fierce opening that sent the signal right away of what we were in store for. Now, a couple other quick notes around other opening statements. Democrat Ranking Member Maxine Waters used her time to rail against MAGA Republicans for pushing the government into a shutdown, and effectively defended the SEC's agenda on all fronts, and asserted that their rulemaking agenda was moving quote thoughtfully and effectively. Now, Gensler himself also got a chance to give an opening statement, and most of his time was spent on justifying the agency's regulatory agenda. He claimed overall that the rulemaking process had been measured with ample time and consideration given to public comment. Now, from there we moved into the question section of the hearing. McHenry as committee chair got to go first and used his questions to focus on Bitcoin. He asked Gensler whether he stood by his previous comments that Bitcoin is not a security, which Gensler evaded by talking in circles, never reaching a point. Notably frustrated by this process, McHenry snapped, I'm asking you to answer my question now. This is not supposed to be hard. Unable to get a straight answer, McHenry moved on to his point that there is currently no regulator with authority over Bitcoin's spot markets. He asked whether Gensler believed legislation should be passed to close that regulatory gap. To the surprise of no one, Gensler continued in his noncommittal manner, acknowledging the existence of said gap but failing to engage with the need for legislation. After that, McHenry left the crypto topic to press Gensler about when he can expect a response to document requests. Becoming ever more frustrated with Gensler's mealy -mouthed answers, McHenry said, This should not be the hard work of a chairman. You have 30 major rulemakings, but you won't even provide basic documents to us. Your unresponsiveness is non -compliance and we'll have to take action if you're not willing to comply. Now Maxine waters again as ranking minority member got to speak next. She, too, continued on the crypto theme, although she used her time to accuse the industry writ large of quote gross violations of the law that end in investors getting ripped off. She asked Gensler what the SEC has done to quote shut down crypto firms and whether quote crypto firms are getting the message. This, of course, mainly served to set up Gensler's usual sound bites. This is a field, he said, that's rife with fraud, manipulation and scams, and the American public is still getting hurt by the non -compliance in this field. Waters also used this chance to castigate Republicans who quote too often protect crypto firms. Now it was very clear listening to Waters that she wants the public to see the crypto industry as just Luna and FTX, to extrapolate them to everything and effectively shut the industry down. Now moving into the rest of the questioning, much of the substantive discussion centered on SEC staff accounting bulletin 121. Better known as SAB 121, this measure requires financial institutions to place intangible assets on their own balance sheet rather than in segregated customer accounts. The rule has been widely criticized for making crypto custody essentially unworkable for banks. Dissatisfaction was expressed from numerous representatives, including one of Gensler's usual allies, Brad Sherman. Sherman noted that the rule lumps all intangible assets together from real estate to crypto. He suggested that specifically designed rules for vastly different asset classes would be more appropriate. The most robust questioning on this topic, however, came from Republican Mike Flood. Flood put to Gensler that his staff did not consult with prudential regulators on SAB 121, which Gensler acknowledged. After stating that he had personally looked into this issue, Flood noted that the Accounting Standards Board had not published any guidance around crypto custody. This contradicted Gensler's comments from a previous hearing when he stated that the SEC was simply applying existing accounting rules. Flood said quote, With regard to SAB 121's potential effects on a bank's balance sheet, it's fair to say that fact pattern we have is that the SEC is not just going out of its lane, but it failed to comprehend the existence of any conflict with prudential rules. He suggested that there are only two explanations for this action. Either the SEC knew there was no justification for SAB 121 and chose to do it anyway, or that there were fairly obvious mistakes made during that process. Flood concluded saying quote, The case of SAB 121 raises the question of whether the SEC is compromised. Now, as you might expect, minority whip Tom Emmer lined up to take his shot with a series of rapid -fire yes or no questions. The main thrust of his questioning was around whether Gensler's history as a partner at Goldman Sachs had colored his agenda at the SEC. To get a sense of Emmer's opinion on this, just look at his tweet from yesterday where he said, Fact, Gary Gensler is not an impartial regulator, and his answers to my questions today prove just that. He's made a career of being relentlessly loyal to the largest institutions in America at the clear expense of innovation, competition, and everyday Americans. One example, Emmer presented Gensler with a quote he previously gave about bank executives being concerned about depositors moving money into crypto. Emmer asked, Can you assure this committee that your style of regulation by harassment towards digital asset innovation is to the benefit of every American and not driven by your desire to protect industry incumbents? At another point, Emmer asked whether Gensler believed that all crypto tokens were securities, which was, once again, avoided with a rambling noncommittal answer. And all of this built up to the big finale in which Emmer said, Mr. Gensler, despite your years of rhetoric, I'm convinced you are not an impartial regulator. Instead, it's clear you are working to consolidate your own power even though it means crushing opportunities for everyday Americans and, frankly, the financial future of this country. Even the federal courts are highlighting the damage you, sir, are doing to our constituents and they are telling you you don't have the legal authority to accomplish your goal of squashing competition in the financial markets. Now, while this was extremely satisfying to watch if you happen to agree with Emmer, in general, I find that this type of interaction is exactly why these hearings are so much about and not really about productive anything. This was a chance to articulate the Republican position against Gary Gensler. There's no real place for listening. It's about laying out a narrative. Now, in this case, I happen to agree with Emmer's narrative, but it still doesn't make for the most effective governance. Another notable line of questioning came from Democrat Richie Torres. Torres used his time to dig into the issue of whether crypto should be governed by securities law. He said, I worry that the term investment contract has become so infinitely malleable and I worry that when it comes to crypto, your interpretation of the term investment contract has no limiting principle and therefore could invite arbitrary and capricious enforcement action. Torres referenced an August report from six law professors which examined the history of the Howey test. That report had noted that no Supreme Court ruling has ever determined the existence of an investment contract scheme without recognizing one or more contracts underlying that scheme. When pushed to provide a case that contradicts this research, Gensler was unable to do so. When Gensler began to waffle, Torres cut him off, stating that, This is a question to which you should know the answer because the definition of an investment contract is the central issue. That's what determines the extent of your authority. That's what determines the applicability of federal securities law to crypto transactions. Your inability to answer that question is baffling to me. Switching tactics, Torres asked whether purchasing a Pokémon card would constitute a securities transaction. Gensler, as always, was unable to give a straight answer, stating that he would know what the context was, although generally he acknowledged that it would not be. Torres followed up by asking whether purchasing a tokenized Pokémon card would be considered a securities transaction. He asked Gensler if, For you, the process of tokenization is what transforms a non -securities transaction into a securities transaction? Gensler, of course, did not get to a real answer and just fell back on restating the elements of the Howey test. One other topic that you might be wondering if it came up was the Prometheum question. Prometheum was, of course, the first crypto firm to obtain SEC registration as a crypto brokerage, despite the fact that that licensing seems to give them no ability to actually offer digital asset trading. Prometheum is also minority -owned by a prominent Chinese firm. After Gensler failed to express any serious concern with the Prometheum situation, Congressman Ralph Norman noted that the SEC had taken 10 weeks to respond to a letter on the issue. He said, Andy Ogles brought the four -hour hearing full circle, saying, And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated Ogles closed the hearing with the call to, So, what can be drawn from this hearing, if anything? Well, Gensler appears to be stubbornly sticking to his plan to evade document requests and oversight from Republican representatives. Over the four -hour hearing, there were few, if any, answers from Gensler that produced any new information or even, frankly, attempted good -faith engagement with the questions. Throughout the hearing, Gensler acted as if he knew there would be no serious repercussions and he could continue to treat congressional oversight as a joke. Republicans, for their part, are clearly fed up and ready to act. McHenry began and ended the hearing with a threat to subpoena the SEC and Gensler to compel a response to the numerous document requests that have gone unanswered. The threat seemed to carry little weight for Gensler, who seemed more than willing to allow that controversial action to play out. Now, on the flip side, establishment Democrats appear entirely disengaged with the legislative process and committed to the current strategy of naming failed crypto projects and demanding that the SEC continue its rampage throughout the industry. No senior Democrats appear at all concerned that the SEC is losing in court, as long as that litigation remains a roadblock for the industry. Representative Torres remained a bright spot and one of the few Democrats breaking with his senior colleagues. His questions showed a deep understanding of the legal issues surrounding token lawsuits and the need for additional clarity and crypto regulation. Overall, the hearing really just confirmed what we already knew about Gensler and his leadership of the SEC, which is, of course, that it seems very unlikely that anything will change. However, Republicans have now clearly reached the end of their rope and are ready to play hardball by using subpoena power. As Bill Huizenga put it to Gensler, what's your plan? Because we've got a plan. Until next time, guys, be safe and take care of each other. Peace.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Bitboy Crypto Podcast
A highlight from Congress Demands Bitcoin ETF NOW! (Gary Gensler Accusations)
"Good morning. It is time to discover crypto. Today is September 27th. It's my late mother's birthday today and it is 11 .31 Eastern Standard Time. How are you doing today? We got Tim and someone else at Andrews, BJ on the ones and twos today. How are y 'all doing? I'm doing fantastic. Great, great morning so far. Excited about this show. Excited to have BJ sitting in our production seat. Looking forward to it. Yeah, BJ. BJ, how was Vegas? BJ just got from Vegas for Magic the Gathering. How was it? I mean, it was epic. It was fun. Were you the one hacking the casinos for $100 million? No, but I do have some very funny footage when we went to the MGM. Okay. We might do something with that later. All right. Did you jump into the lion pit and you rode a lion? I don't want PETA coming after me. All right, guys, make sure you hit the like button if you haven't already. We're going to talk about Gensler's speech in front of Congress, what's going on. We got a couple clips from that as well. We also have a breakdown of his speech. We're going to talk about Bitcoin jumping in price. We're going to talk about CCP. We're going to talk about Binance as well and Ethereum staking as well. All right, let's just get right into it, folks. All right, so we do have, you know, Gary, he's in front of Congress right now. There's a harsh notice to the SEC from a large group of US representatives led by Tom Emmer, approved Bitcoin spot ETFs, immediately. He said, I like to think there was an exclamation point after the end of that as well. Representatives Mike Flood, Tom Emmer, Richie Torres, and Wiley Nickel. What the heck is up with the name Wiley Nickel? That is a cartoon character that's going to shoot you at the saloon, correct? That or it's a superhero's, you know, real name. I would take superhero sidekicks, real name. You know, Batman and his sidekick, Wiley Nickel, because Robin fell down the shaft. But no, yeah, Wiley, we love Wiley, I guess, maybe, I don't know. They sent a letter to Gensler on Tuesday arguing that a regulated spot Bitcoin ETF would increase investor protection. Congress has the duty to ensure that the SEC approves investment products that meet the requirements established by Congress. Here are requirements. Okay, crypto ETF fits that. Yeah, I don't know. I don't know if we can prove that you're not doing your job representatives here, or you're not doing your job, SEC. The court specifically addressed the SEC's disparate treatment of spot Bitcoin ETFs and similar funds based on a regulatory approved futures contracts. Representatives point out this inconsistency saying a spot Bitcoin ETP is no different than a Bitcoin futures ETP. Therefore, the SEC's current stance is untenable going forward. So that was the statement. Okay, then. So what did the SEC say in response? Well, the SEC is delaying a decision on Art21's proposed spot Bitcoin ETF until January 2024. They also postponed the decision on GlobalX's Bitcoin ETF until October. This isn't saying a no, this is just a classic kick the can down the road here. So Cebo BZX had earlier proposed a rule change aiming for approval listing of the Art21's ETF, although they submitted April 25th. It was not published for comment until May 15th. They then designated a longer approval period on June 15th. Well, you fast forward to today, they're expected to approve or reject within 181 days or by November 11th. However, the regular setting is current. Finally, it is allowed to extend the approval deadline by an additional 60 days. So not only do they get to increase the amount of time, hey, guys, we need 180 days. All right, we're on 179 days. Oh, yeah, I need another 60 days. I'm sorry. I'm so sorry. As such, they have now postponed until January 10th, 2024. Many asset management firms submitted similar filings for ETFs after BlackRock submitted its own application in mid -June. However, ARK submitted considerably earlier. They can only delay until January of next year where it can delay some of these other ones until March of next year. But then you know what happens on February 28th? Wait, is next year a leap year? February 29th, what's going to happen? Oh, we need another 60 days. So even though you're seeing March 24 is the latest deadline there, I wouldn't be surprised if March 2024 gets increased. If I have a video clip from the SEC hearing chat, they can hear it, right? The audience can hear? Yeah, we can play around or if you send it to me. Okay, well, I have to hit refresh here. This is breaking. I haven't had time to send it to you. This is just getting uploaded within the last hour. This one, Matt will we know? Do we know? Let's try. Let's try.
Bankless
"torres" Discussed on Bankless
"Financial <Speech_Male> <SpeakerChange> <Silence> <Speech_Male> panics. <SpeakerChange> <Speech_Male> Representative Torres, we <Speech_Male> talked a lot about <Speech_Male> crypto. We just <Speech_Male> talked about <Speech_Male> the bank <Speech_Male> failures and some <Speech_Male> of your takes on that. <Speech_Male> <Speech_Male> We're engaging <Speech_Male> in crypto <Speech_Male> with you're right. <Speech_Male> Audience that <Speech_Male> skews younger, <Speech_Male> certainly. And I think <Speech_Male> that's where this <Speech_Male> community <Speech_Male> has arisen <Speech_Male> from. And <Speech_Male> I speak to a lot of <Speech_Male> younger people <Speech_Male> who are basically <Speech_Male> jaded by politics. <Speech_Male> <Speech_Male> There's almost this <Speech_Male> nihilism, this <Speech_Male> lack of hope. <Speech_Male> And <Speech_Male> crypto has been <Speech_Male> advertised as like, oh, <Speech_Male> this is a way to escape from <Speech_Male> the system and <Speech_Male> my encouragement <Speech_Male> has <Speech_Male> been for young people <Speech_Male> to <Speech_Male> engage in the political <Speech_Male> process, as <Speech_Male> you have <Speech_Male> encouraged us here <Speech_Male> today. <Speech_Male> But I think <Speech_Male> in order to engage, <Speech_Male> they have to have <Speech_Male> some hope <Speech_Male> that they <Speech_Male> will be heard <Speech_Male> that things can <Speech_Male> change. <Speech_Male> As we close out <Speech_Male> this <Speech_Male> episode, can <Speech_Male> you provide us some hope <Speech_Male> for the future? <Speech_Male> What is going <Speech_Male> well <Speech_Male> about America <Speech_Male> right now? <Speech_Male> Where can <Speech_Male> we end up <Speech_Male> at the end of <Speech_Male> this decade? <Speech_Male> Give us a <Speech_Male> reason to engage <Speech_Male> in the political <Speech_Male> process. Give us some <Speech_Male> hope here. <SpeakerChange> <Speech_Male> Look, we're living <Speech_Male> in a time <Silence> where the individual <Speech_Male> has never had a greater <Speech_Male> impact. <Silence> On <Speech_Male> society, where the potential <Speech_Male> for social impact <Silence> has never <Speech_Male> been greater. I mean, we're <Speech_Male> living at a time where you're <Silence> one hashtag <Speech_Male> away from <Speech_Male> sparking <SpeakerChange> <Silence> a <Speech_Male> social movement. <Silence> <SpeakerChange> Hashtag <Speech_Male> I can't breathe. <Silence> <Speech_Male> The <Speech_Male> whole host of hashtags. <Speech_Male> And <Speech_Male> we've seen in the <Speech_Male> past few years, <Speech_Male> some of the largest <Speech_Male> demonstrations <Speech_Male> in American history from <Speech_Male> the woman's <Speech_Male> march <Speech_Male> to the march for our lives, <Silence> <Speech_Male> march <Speech_Male> for climate change, <Speech_Male> march for criminal justice <Speech_Male> reform, <Speech_Male> and the common thread <Speech_Male> among all these <Speech_Male> mass mobilizations. <SpeakerChange> <Silence> <Speech_Male> If young people <Silence> is that <Speech_Male> young people have a passion <Speech_Male> for social justice <Silence> <Speech_Male> that has been a driver of <Speech_Male> social impact in our <Speech_Male> society, <Speech_Male> and so I feel like <Silence> if <Speech_Male> there were ever a time <Speech_Male> to <Speech_Male> bet on the grassroots <Speech_Male> energy and the <Speech_Male> social impact of young <Speech_Male> people that time <Speech_Male> is down. <Speech_Male> Awesome, <SpeakerChange> we'll close with <Speech_Male> that representative Torres. <Speech_Male> Thank you so much <Speech_Male> for joining us. Thank <Speech_Male> you for your voice <Speech_Male> in D.C. <Speech_Male> for crypto. <Speech_Male> We appreciate <Speech_Male> all that <SpeakerChange> you're doing. <Speech_Male> Absolutely. Thank you for <Speech_Male> having me on. <Speech_Male> <SpeakerChange> Bankless nation <Speech_Male> got in with this wrist <Speech_Male> and disclaimers, of course. <Speech_Male> None of this has been financial <Speech_Male> advice. It wasn't <Speech_Male> even political advice, <Speech_Male> at least I don't think so. <Speech_Male> Crypto is risky. <Speech_Male> You could definitely lose <Speech_Male> what you put in, but we are <Speech_Male> headed west. This is <Speech_Music_Male> <Advertisement> the frontier. It's <Speech_Music_Male> <Advertisement> not for everyone, but <Speech_Music_Male> <Advertisement> we're glad you're with us on the <Speech_Music_Male> bankless journey. <Speech_Music_Female> Thanks a lot.
Encyclopedia Womannica
"torres" Discussed on Encyclopedia Womannica
"Hello. From wonder media network, I'm Jenny Kaplan, and this is a manica. This month we're highlighting ragers. Women who use their anger, often righteous, though not always, to accomplish extraordinary things. Today, our story starts in the westernmost point in Texas. On a bridge connecting the Mexican city of Juarez, the American city of El Paso. In the early hours of January 28th, 1917, traffic on the bridge came to a standstill. Because there, blocking the tracks was the body of a young red headed girl. Laying her life on the line to protest America's border crossing policies. Her name was carmelita Torres. And on that day, in 1917, she led the 1917 bath riots. Of movement of fierce resistance by Mexican migrant women. Carmelita Torres mornings had a familiar rhythm. She woke early, boarded a street car and crossed the Santa Fe street bridge into El Paso, where she worked as a cleaner for white American families. Carmelita and hundreds of other Mexican women made this morning commute in an atmosphere of intense racial resentment. Indigenous and mestizo women like carmelita were often portrayed as sexually promiscuous and criminal. American doctors had popularized the idea that Mexican immigrants were dirty and disease ridden. So when a typhus epidemic broke out in Mexico City, American public health officials jumped into action. They set up elaborate quarantine plants on the border. Low imposing buildings filled with complicated looking machinery. Their goal was to use these plants to get rid of any lice Mexican migrant workers might be carrying. Lice carried typhus. Officials at the border chose who would have to enter these plants. Unsurprisingly, they targeted working class indigenous and mestizo Mexicans. When the quarantine plants began operating, carmelita was indignant. For good reason, going through the plants was a humiliating process. Once the migrants stepped inside, they were separated by gender and forced to take off their clothes. After pushing their clothes and baggage through holes in the wall, the naked migrants would be examined by American officials for lice. If they found lice in a man's hair, they would shave it off and burn it. If they found lies in a woman's hair, they would drench her hair in a mixture of kerosene and vinegar, and then wash it with water and soap. Finally, the migrants would have to take supervised kerosene baths. Which meant getting sprayed with a mixture of soap, water, and kerosene. Kerosene vas were already known to be deadly in El Paso. Just the year before, and the El Paso jail, 16 prisoners taking a kerosene bath to get rid of lice had burned to death. After a stray spark had entered the room they were in. 19 more prisoners were injured. Carmelita and her peers started hearing alarming stories about what went on inside the quarantine plants. There were rumors that American officials were taking pictures of the naked women. And then hanging the images up at a nearby saloon. Carmelita wouldn't stand for this. And so on January 28th, 1917, she refused to enter the quarantine plant. Instead, carmelita and 30 other women got out of their street car and laid their bodies across the bridge's tracks. Preventing cars from crossing the border. As the day drew on the protest carmelita had started grew from dozens of women to hundreds. The women would jump on top of the street cars and break them apart. Then they would use the pieces of glass and metal to block the bridge. They had motor controllers stolen from streetcar conductors in their stockings. They threw stones and bottles, and also hurled insults at the immigration and health officials. By the afternoon, some sources reported that the protest crowd had reached the thousands. And the women succeeded in shutting down the border. That day, only 7 people crossed. The U.S. government eventually called in backup troops. By the end of the day, the protests had been shut down by the authorities. Carmelita was arrested. We don't know what happened to carmelita after her arrest. But the end of the bath riots isn't the end of her legacy. Because in the days following January 28th, the uprising carmelita started took on almost mythical proportions. The headline of the El Paso morning times the morning after the riot read. Auburn haired Amazon at Santa Fe street bridge leads feminine outbreak. The story made it all the way to Wisconsin where a local paper claimed the women were screaming death to Americans. But most of the coverage failed to mention what the women were actually protesting. The kerosene baths and the non consensual photography of their bodies. The quarantine plants continued to operate on the U.S. Mexico border after the bath riots. Even after the typhus epidemic ended. Years later, the plants were studied by Nazi Germany, where officials then implemented similar methods in their death camps. American officials would continue to operate the quarantine plants into the 1950s. Carmelita Torres actions on that day in 1917. For a moment, a fierce resistance against dehumanizing border crossings. She made the space for hundreds of women to come together and give their rage a voice. Almond for talking about ragers. For more information, check us out on Facebook and Instagram at will manica podcast. Special thanks to Liz caplan, my favorite sister in co creator. Talk to you tomorrow. Your future in business is bright and nothing's going to get in your way. Take the next step and get a glimpse into what life is like as an executive MBA student at the Robert H Smith school of business. The Robert Smith school of business executive MBA for a day event is Saturday May 6th, network with current students and alums and see how the smith EMBA leads to an unstoppable career. Don't delay register today at RH smith dot UMD dot EDU slash EMBA day. University of Maryland, Robert H Smith school of business. For over 80 years, quell ortho has been here alongside you, transforming the power of medical diagnostics into a better future for you and your patients. When information is essential to helping healthcare providers make the right decision, we are there. When what providers decide to do next depends on what they learn now. We are there. Wherever you are and whatever you need, we are there. Ortho, changing lives, one test at a time. For our early days of delivering icing coal, Griffith energy services has been a leader in having the right comfort solutions for you. 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ChelseaWiki Football News
"torres" Discussed on ChelseaWiki Football News
"The change in football tactics? Torres at both Atlético Madrid and Liverpool was used to playing in a four two three one formation as the sole spearhead. He played at the top of the team, where he can maximize his speed and technique to get past the last defender. Chelsea's preferred formation was four three three in Torres was no longer prioritized to possess the ball like in the previous two teams he had to actively move and run more as a result when away from the penalty area, Torres had fewer opportunities to score. Torres injury during his last full season with Liverpool, the 2009 to 2010 season, Torres suffered consecutive hamstring and ankle injuries. He no longer retained the speed, endurance, and full physical strength as in previous years. The instability in Chelsea's management during four years, Chelsea had four changes in managers. Each coach had his own tactical football and personal perspective. That constant change led Torres sometimes disoriented and without the necessary stability to find himself again. What do you think about the time Taurus at Chelsea? Though at that time his form declined the sacrifice of Torres is undeniable. He still won a certain awards in trophies with the blues. Follow Chelsea wiki to enjoy more interesting news on its history and legends.
ChelseaWiki Football News
"torres" Discussed on ChelseaWiki Football News
"Torres at Chelsea, a plot that still wins hearts of the blues fans. The time that Torres at Chelsea was known as a bad transfer, though he scored a few and made a flop, fans still remember what he brought to the blues forever. They admit Torres is a Chelsea legend indeed so let's look back at the time Torres play for Chelsea to understand why people still call him a legend Fernando Torres with his brilliant career Fernando Torres is a former Spanish striker who was born in 1984 he is currently working as a manager of Atlético Madrid juvenile a Torres is one of the most powerful strikers in world football. His 18 year career was full of ups and downs at the Spanish national football team, Atlético Madrid, Liverpool, and Chelsea. He left many memorable moments for many football lovers all over the world. During his career playing for the clubs, Taurus has scored 260 goals in 765 appearances the peak of his career flourished when he played for Atlético Madrid and Liverpool. Torres played in two spells for Atlético Madrid, scoring 128 goals in 394 games. Meanwhile, with Liverpool, the El Nino striker scored 81 times in 142 appearances in four seasons at Anfield. In the national team, he is the third highest goal scorer in the history of Spanish football, 38 goals in 110 games between 2003 to 2014 the trophies that Fernando Torres won are UEFA Euro 2004. The 2006 FIFA World Cup, Euro 2008, the 2010 World Cup, Euro 2012, and the 2014 World Cup. When and why did Fernando Torres transfer to Chelsea? In 2011, Jan, Chelsea made a bit of 40 million pounds to buy Torres from Liverpool, but the offer was rejected. Though they denied the offer from Chelsea on transfer deadline day in January 2011, Liverpool ultimately gave in and sold the powerful striker. At that time, Torres made a British transfer record by agreeing to a 5 and a half year contract. The contract elevated him to the 6th most expensive footballer in history.
¿Dice Así? Podcast
"torres" Discussed on ¿Dice Así? Podcast
"Up, can also come up. The moment to say, and. Torres, the Mark. Gets a political ecosystem. It causes capitulos. Thanks. It's going to be one of the least. Dancing the Taj is important on the relevant to Nobel connector who said. Yes, SLL problem. So that's a luckily. For better secular steps, those had no idea. They had women that were locally.
The Thought Card
"torres" Discussed on The Thought Card
"Of color advance in the workplace with manda hearts and so much more you can head over to the lincoln the show notes to go ahead and check out the entire belania wealth builders archive. Here is denise torres rodriguez wealth-building story. Money was something that you had to work very hard for. My father was and still is a consultant so a lot of his career consisted of traveling and he would leave on monday morning and come back on friday and he was the primary breadwinner of the household up until i was in high school. My mom didn't even work fulltime because his schedule was so demanding that she needed to be home to be able to take care of us. And so i thought that in order to make a lot of money you have to sacrifice time energy your family your sanity your health. That's just what came with building wealth and it wasn't until much later that i realized that that toxic mentality is how i also showed up in the workplace for awhile. I just figured. I'm going to go into a field where i'm gonna make a lot of money. And hopefully that is what makes me happy. And i kept making more money. So side hustling for me was very much a an exercise in frustration about the lack of enthusiasm i had about my career. And so side hustling provided a creative outlet for me to do something other than this soul-sucking career that. I had signed myself up to do so. My food block. Dylan's delights was never meant to be a business. And i think it's because i didn't actually know i was creating a business and a lot of side hustler's are guilty of this. We're just like you know creating these things and not really. We don't have a plan for them. But after getting laid off about six months after starting my blog i realized that i had a desire to not go back to work. I told my husband. I'm like i got fired and like this is cool. This is okay. I could do this forever potentially But i didn't have the structure in place to be able to do that for a long period of time but that was the catalyst for me wanting to learn how i could turn into a business so after getting laid off took a course in food. Blogging i spent a lot of time on google and youtube religious teaching myself. How you actually monetize an online brand like a blog and after two years i was able to monetize it but during that time. I already had this idea that i was going to do this. And that's definitely what kept me going. And it's also because i just love doing it. I'm a foodie at heart. I love cooking so it will never felt like work to me. It just felt like something that i would do for free and so i think that's a key message that i want to give decide hustlers just like if you wouldn't do this for free you definitely shouldn't try to monetize it because otherwise you might just be setting yourself up for another career of doing something you hate just because of the money. I i had the inkling that this is something that i wanted to do around twenty eighteen. I was introduced to the concept of financial independence and the fire movement. Talks a lot about entrepreneurship. And how you've been create passive income sources on the internet that can allow you to retire early and become work optional. So once i found out about that..
The Podcast On Podcasting
"torres" Discussed on The Podcast On Podcasting
"I don't think anybody will judge our work harder than we judge our own work so we have to sometimes be able to take ourselves out of the equation and say is the message that i wanna share in this piece there. There's over one point. Nine million podcasts. Most of them never see the results. They expected they want to monetize their show ends up costing them money and they never achieve listenership they desire. This show will help you launch row monetize and inspire with your podcast. Get ready to take notes is. Here's your host adam atoms. Hey it's adam adams in generally as you may have gotten accustomed to any even numbered episode is supposed to be me alone pouring into you and your business however i did so many different interviews with so many really really good people that on this episode today even though this would typically be pouring into your business me just sharing something short like five ten twenty minutes where i poured into you and your podcast and growing your brand and really getting you in front of everybody. I'm going to do that today with an interview. So let's get right into it and we're back with another episode of the podcast on podcasting. I'm your host. Adam triple a. Adams joined with sandra lemme torres. How are you center. I'm doing great. Thank you so much for having me. I feel so privileged to be on your show. So thank you Thrilled to have you and excited to kind of dive in. I think some of the things that i want to talk about is a little bit of like messaging getting in front of the right people social media hashtags messaging like on your podcast and in advertisements. Kind of like social media. And i think you have a lot to offer on that topic. So i'm we are going to get into it just Let the listener a little bit about you. You actually started you do marketing. You do strategy. You do messaging you help others do that. You're really passionate about people's voices and being heard knowing what their messages especially within the next community as well. I know that you founded. It's called united latinas right. Yes and additionally. I know that helps minority entrepreneurs business leaders in entrepreneurship..
Behind the Bima
"torres" Discussed on Behind the Bima
Voices of the Community
"torres" Discussed on Voices of the Community
"Episode fifty we feature the voices of local government leaders rebecca woodbury and kelly permanently along with civic innovator judie brown to provide insights into the pandemic impact on our local government. We wanted to do a deeper dive into how the pandemic an economic crash has impacted the city of san francisco's ability to provide services to our community members. In this special hour long episode. We wanted to focus on the city and county of san francisco's office of economic and workforce development. The office of economic and workforce development is one of the city government departments that has a unique mission of working across multiple sectors in our community from economic and community development to work for training community benefits and housing to accomplish our goal of this deep dive. In this episode. We feature the voice of joaquin torres who over the past decade plus has been working in the center of all the intersections of the office of economic and workforce development. I'm joined remotely by joaquin torres. The former director of the san francisco of economic and workforce development who is appointed in january of twenty twenty one by mayor breed as the new assessor recorder of the san francisco office of the assessor recorder. Okay and welcome to voices of the community george. I really wanted to have you on the show. Because you've been working in economic and workforce development along with affordable housing for a while now and these are the three big areas that have been impacted the most by covid nineteen. So i think it would be really wonderful if you could just provide the audience as we were talking before we came on. Just i've known you for a while in the background. But i think it would be great if you can talk a little bit about your background working with the housing authority and then moving over into the hall invest in our neighborhoods program. And then. Of course i wanna ask you about your love of the arts community as well. Yeah extra While my name is joaquin torres. And i'm the second quarter for the city and county san francisco. I was very very fortunate to be appointed as you mentioned by maryland and grape sworn in on february. Eight and i've been diving into the world of of assessing recording in taking a very intricate series of steps away from about a eleven year career primarily in one department in the city and county and that was the office of economic and workforce development. A place that had always attracted me since i joined the city back in a two thousand nine working first for mayor gavin newsom as a district liaison to the latino community native american communities and districts. Nine eight and eleven supervisorial districts in the city for the perspective of people today. That means a supervisor management's district from today or supervisor hillary ronen district today and supervisor ultra soft i-it's district today. When i joined the city that david compost. Who's now chief of staff to jesup. Leading district attorney brooding as well as the head of a democratic county central committee. Then of course john lewis Eleven embedded duffy at the time in district agonized started so a lot has changed but so many of the issues. We were talking about back then that might have been considered on. The fringe are front and center in every single discussion. Every single article every single news clipping story arts programming lectures webinars that we see today. I think that's been very interesting for overtime. Moving through those years of working for gavin newsom than beginning the invested neighborhoods initiative under mayor li after serving his director of neighborhood services that constituent direct service work that. I was doing that. Tyrod restarted than i was tasked with leading that invested neighborhoods initiative really focusing on during that time and.
The TalkCast
"torres" Discussed on The TalkCast
"We have a special guest with us to assad might ten thousand plays. I averted a very cool person nets. Why ono like three weeks ago. Somebody that plays That we did a podcast on her On her podcasts. Call them everyday thoughts with tornado torres in this on her podcast last week so i saw it on my podcast this week so please that may walkout tornado torres. To the gas podcast. Thank you for having me your very well So yeah this is the podcast where i get raw in sometimes. Thirty two It depends on. How do i get. That's that's how i get dirty to roll with you. No worries.
The TalkCast
"torres" Discussed on The TalkCast
"You from the talk as podcast. And this is season episode. Nine and this episode is going to be a little different because i recently did an interview on every day thoughts by tornado torres. Podcasts and she having on her podcasts this past weekend and it was dope she is so awesome and when he is such a credible woman she so great was he does. Her voice is so so cool that she has a voice of a rare. Dj she has a voice of Podcasts or it's an incredible so hopefully you dig this dope interview. it's it's forty one minutes of pure entertainment. And i hope you enjoy. It's going to be playing that for you on this week's episode. I i'm trying to stutter My brain is not working tonight. Qualm doing this recording. Come on here to tell you what's going on kilo update about me. Thank you thank you. Thank you so much for the ten thousand. Plays on this podcast. It means so much to me that you love what you're hearing. They love my podcast. You personality. He loved how raw in japan is. And i appreciate that so much if you want to show your support even more please. British five stars on apple podcasts. Or wherever you listen to your podcasts at by searching for a detox gas in your favorite podcast network or you can go to anchor dot. Fm says she talked gas defined of About how you can listen and more. There are thirteen ways that you can listen because not spotify people apple podcasts. Because the on deesor cast box. We are everywhere so just type in the talk cast. It's the base. Todd cast one word and starts for it so awesome. Get your love and support. I appreciate you guys so so so much. I love you guys so much. I just can't believe it that we reached ten thousand players. I wanted to celebrate. Somehow i am teaming up with a process of getting together some my closest friends some of my closest colleagues m my radio industry to do a an hour or two long podcast episode to break on july. Maybe five or six interviews with my friends hanging out. Eat some skittles do some. Amr you know. Camille asmar to our ten ks radiation or if if all that fails i think just having tornado torres on for that. The tank k. Role play so we might do some role playing in some asmar. We'll see how things go but Me now we guys want you can follow the talk. Cast on twitter. No you can't. You can't follow on twitter. Sorry he can follow on instagram and facebook at the talk casts podcasts. I believe it's odd. Set the tog guests on facebook. And it's on the interview. It's on instagram. Talk gas podcasts. see. I'm sorry frauds starring and just going to happen okay. It is where it is. I hope you guys on how the guys understand. Obviously you do or. You wouldn't be here right now. So i appreciate you guys so much This is who i am on edit oriented on cut raw and win. I'm so glad you guys are really enjoying this. Podcast get you your day you workday. It's not over yet. He on dog go kill yourself. Live for me.
Real Food Real People
"torres" Discussed on Real Food Real People
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Real Food Real People
"torres" Discussed on Real Food Real People
"Then i mean what's bad about their decisions and what's happening with this overtime thing. I think i think you in that first of all. We wasn't doing anything anything wrong. You know because it's supposed to be under the law then farmers why we should be over time before. Yeah that's the reason we use Nomar if i'm pain rhino r. overtime. I still having the same. They still have the same benefits Buddy goes farming had that exemption. Yeah like flight attendants and realtors or other people who have that exemption and farming did to where time and a half wasn't required after forty hours. Yep and a here here in my workers they you know not only because they're working here but you can just talk to them and they help you the way they treat them them in and what they need when they need Something to go with their families. And i i'm willing to use you know Covered them and were they can be happy with their families do And and i think the over overtime time you know like you say it wasn't doing anything wrong why they come up with that without Chicken the most of the farm workers in all if it will fare. They should check the other person before they they start us. Impose some things to the farm workers. Do your employees like the whole time and a half thing has it. Been good for them They they're okay. They're right now Use let him know what was going on. And but in the other way they'd like mom well. Yeah some now than when they work in the wife and the guy now they need you spe other than this. You know. I don't well that's how does the way to live this this world on this country so They're happy they happy in but but in other handed delayed i'm sure they really want.
Real Food Real People
"torres" Discussed on Real Food Real People
"The world. Helping people understand the the agriculture He went to riga. He went to russia. He went to cast stan. All this stuff well so he was really good. Good guide you know then. like the help More people more people not only here but around the world to In and that's one of the things that i want to keep Keep doing it. You know if if if first of all of course i have to be well here now in order to offer more helped to more more people than they really want to learn about the the natural stuff in and the good care of a farming was that like bill got cancer here on the farm. How how did you keep it going so hard but you. It's dairy farm. You can't stop Really when his passed away because he's passed away in an accident in the he got an accident in a really amazing. How how how strong was he was by then and yeah every single day. He was here even his dad. You know four thirty in the morning and his dad was here just checking for the little little things. We'll missing when we're busy on on big stuff and we miss him a lot when he passed away so when bill when bill Wants to doctors in told them what was happening. He came that was five. Am he never miss a day. You know but a few days be Like month before he was He missed three days so i told him you better go and get a wall checkup and and make sure then nothing. Bad was a strong guy but you know he's no. I think everything's fine. It's just a little little thing but later on he feel like no. I better go in and do it. So when he'd when they discovered the five am and he came from his house. Because i show up early you know i was. I was in charge of feeding animal skin and everything so he gave me he. He gave me the ban in dot point. I told him you know what. Don't worry about the about the farm i'm here. Nothing will be changed I'll keep going you go and take care of yourself and make sure then you you get in well and and i'll keep keep doing it for for a few months. My my head was spinning. You know vehicles. Because i still miss him. So how quickly did he pass. Then after finding out i know pancreatic cancer is terrible terrible disease. It went fast win fast. Yeah and that was the that was hard time for us to to seem to see him..
Real Food Real People
"torres" Discussed on Real Food Real People
"I consider myself lucky. You know to to to lend this this this this side of the of the quantum here in Like a toll years his family you know tank to to to them. I can stand my other hand and help more people. Yeah because really this this thing is not only chance for maybe a chance for more people to to get better including my family and including people in something so i don't know them but but my if if i if i helped somebody Just helped him because he's in. My heart is not. Because not. Because i know i know them or not. Your parents proud of you for what you're doing. I hope. I hope. I hope they'd proud. Yeah happy really happy young. That's the that's the way that i really helped him to everybody. You know my my brothers and sisters nephews to you know Down there things was really good by then but I'm just still thinking you know. Then i came from there and i never forget than than the struggle. We went through it and This point you know. Here's struggling to but but Hey this is our life. Yeah so nineteen ninety six. You started working here for the dairy farmer. Who's here now. This is your farm. How did that all happened. What all went on easter with a plan. You know the plan wasn't really to to be in this place. is start with With a conversation with bill about to own something in my life you know. I didn't have anything just a car and style but not house or anything so i asked him a bill. You know if. I can buy you nacre mobile home or something So he told me he gave me a few questions to say. The you really liked work at the farm. So yeah i'm happy and thank you for keeping me here. I stakes like like everyone but now but but you know he. He was really good. Good teacher Really good a sponsor so He wanted the plan was to build a herd milking around like eighty cows. Or so. And i just moved to another rent. Another place in move on That was the plan. Start your own new farm. Yeah but our plans. Sometimes you know doesn't go like the way that we want because i believe in supreme power Got ice to to use Bill awale this this is world. What happened He got sick. He got sick. He got cancer pancreatic cancer and he passed away in november two thousand. Fourteen years bach. You know he teach me how to make the orders of everything most of the things. He traveled around the around..
Real Food Real People
"torres" Discussed on Real Food Real People
"I was suffering to seen him on that sedation. So i told him bill you you you want to go just go here squeeze my hand you say okay. So that was the last. This is the real food real people. Podcast it's an emotional episode this week and a story like i've never heard before is in boggles the mind how it all played out for jose torres who we talked to dairy farmer down in l. o. Washington of west washington and he started working on a dairy and is now owning and running the dairy himself. But there's heartbreak in how that all came to pass and so you'll find out about that as we chat with them and learn more about how things work on the farm some of the issues that he's facing the struggles the uncertainty that he's facing for the future of the farm dylan hong-kook. This is the real food. Real people podcast. And we're glad you're here again for another week of this continuing journey to get to know the real people behind our food here in washington state. Thank you to our sponsors dairy farmers of washington you can find them at wat. Dairy dot org. They're all about educating the washington community about real agriculture. And what goes on on farms and inspiring the desire for local dairy They have a virtual farm tour available that you should check out again at wat. Dairy in all the ins and outs there of what really goes on washington dairy farms mana insurance group new sponsor. This season thank you to them for supporting what we're doing here They're all about planning ahead. Not just picking up the pieces when things go wrong. And certainly they do that..
The Fashion Geeks
"torres" Discussed on The Fashion Geeks
"Was in harrison for a certain amount of time also was able to build a good trade like northern jersey and so actually one of the stores in mont in montclair specifically reach out to me and we haven't met like two years ago or maybe even the year before he's like. Hey you know. His his decision was like action doing pretty well but he does convenience store all the time you other commitments things like that so it was just getting too much to handle and i was kind of in a similar position to where i was. Biding a little more than i could chew so he was like well. Why don't we collect here as well. I like all right so we had a few meetings. That if you zoom calls conferences and things like that and yesterday also was my first full day. Heroes would kind of set up. My my little states have like a little cubby. He has As on my manic instead of with my books and stuff Yes having him allows me to serve as coming up in the north because was another issue is like because down by the shore and guys in the north so having to find or a way to deal with both of them was starting to stress me out a little bit but now i have spaces where the guys down by. The short can drive up route. Eighteen on To meet at the clothing center which is a pretty easy drive coming from that low up to east brunswick and the guys from montclair. Or like harris in. Newark hudson county morris morris channel guys. It's easy to come to montclair so it just it was. It was a beautiful beautiful thing and then connecticut is also greek. 'cause i've never been to connecticut so like it's just i heard it's a good market. I i i I was able to talk to melissa. Who owns the the in connecticut. So we've been in good contact of you know. We have a great friendship. And so i asked her listen. I got these huge things going for me right now I mean you do wedding dresses like why don't you offer of men's succeed. Does as she like. Yeah i mean that's super cool and so again she had a few questions Questions that we have things out what it was really really transition. So yes she was. What would russia hosting an event in connecticut in april. I don't know the data on top of my head. But in april we're going to have event there were have the committee launch party So that the by have those three locations now and it's it's a huge blessing huge huge cluster. Yeah i think that's an understatement. Oscar torreon you are you are blowing up for the two one. There's no question that sounds like you're leveling up followed you on instagram. For a long time we met at cd a few years ago. And i was also trying to do our own kalabo button perspective. Kudos to you man. Thank you appreciate. you're making it happen. You are humble. I would hope that. Mr cleveland is checking out what you're doing in Is giving his nod of respect as you branched out on your own so oscar. You use the word actually in the beginning of our interview. They're going to hit you up with it again. So what does always be fly mean to. You always be fly for me I always think that has to do with like a wave of being. Because i mean i can. I can wear jeans and a t-shirt and still still rocket really well. You know i agree with you absolutely like everyone thinks killer is just shooting night you can make some genes that you can get like a nice shirt like your rocket fiber you do kind of like a a sense of of south where you're comfortable in yourself and your presence and your confidence so you're not one of those guys that has on movie nights walk into the restaurant and you're like well you got a shoulders back head up go introduce yourself sick hand a or whatever you shake a kennedy can zou. You have a great attitude and that in itself will roll. We'll see you 'cause they will grow like sometimes like obviously they give you a and do that going to be attracted to but here a dick like yeah like gonna have you your two minutes of fame. Whatever but the guys that are like are actually like really really good. Do they're honest. And they're they're working and trustworthy. Those are the ones usually actually settle down better. I would say also that is being you know like it doesn't matter what you're wearing just where it well aware confidently and you just have a good mindset. I agree. I like what you said..