🚨BIG CRYPTO NEWS! US TREASURY IRS APPROVE STAKING IN ETFS & MARKET STRUCTURE BILL MAKES PROGRESS!

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please let that subscribe button as
well as the thumbs up button and leave a comment below.
If you're listening on a podcast platform such as Spotify
or Apple, please leave a five star rating and review. Folks,
we have some very big news to cover, in fact,

(00:26):
very bullish news, so make sure you watch and listen
to the end. First up, the Senate has passed the
bill to reopen the US government. So we've talked about
this being a headwind for markets because you have uncertainty
in the markets, and when you've got people who are
focused on this, they're not going to be focusing on investing.
And I'm talking about retail now right. Obviously, we're happy

(00:47):
that it's open because a lot of people were out
of work and you know, many people need the respective
benefits and so forth. So this is very good, a
major roadblock being removed here, and of course, as a
result of it being reopened, we can see more progress
with the Market Structure Bill, which we're going to talk
about a draft that was released today, but it can

(01:07):
now start progressing within the different chambers of the Senate
and eventually be able to get pass right. So this
is a good sign. In addition, the SEC and other
agencies can get back to work and they can start
approving all coinytfs. So again, major headwind out of the
way here. So this is very great news. And then
today Trump he once again floated the idea of the

(01:30):
two thousand dollars terror stimulus or dividend payout. And here's
a quote from his truth social posts. All money left
over from the two thousand dollars payments made to low
middle income US citizens from the massive tariff income pouring
into our country from foreign countries, will be substantial, will
be used to substantially pay down a national debt. Now

(01:53):
there's a whole political conversation about that. I'm not going
to get involved in it because this is not a
political podcast. So whether you love or hate this is
not the point. The point is the factual aspect of
it that if people receive the two thousand dollars given
in payment, many of them are going to put it
into the market. So this will drive the retail frenzy.
And we're seeing the table set here for a massive

(02:16):
rally to a blow off top right, if you have
all these things in line happening, with market structure passing,
all coin ETFs, retail getting two thousand dollars checks and
much more, so, let's continue to watch it closely. In addition, guys,
this is very bullish. Treasury Secretary Scott Bissent he tweeted
out today that the US Treasury and the IRS issued

(02:39):
new guidance giving crypto exchange traded products ETPs a clear
path to steak digital assets and share staking rewards with
their retail investors. This move increases investor benefits, boosts innovation,
and keeps America the global leader and digital asset and
blockchain technology. So you have, folks, the stamp of approval

(03:01):
from the US Treasury and the IRS that ETFs can
now offer staking huge news. We are getting massive clarity
from the SEC and these different factions of the government.
And obviously the meat and potatoes is that marct Structure Bill.
But to get this, and I'm assuming this is going
to be included in the Market Structure bill, is huge.

(03:24):
It will allow institutions to be able to participate via
ETFs and much more and gain the passive rewards of
staking again massive, and it will increase the inflows into
projects and coins that are like Ethereum and Solona that
offer staking. So, guys, you see how the table is
being set here for a massive face melting rally to

(03:46):
a blow off Tom right now. Obviously, we're going to
have to watch how the market reacts over time. It's
not going to be an overnight thing. We still need
Bitcoin to continue to pump and to go higher and
to break through resistance levels and give us confirmation. Right, So,
I'm not calling home yet, but I am seeing factual
updates here that are very bullish and setting the table

(04:07):
once again for some sort of major rally. Now, folks,
this episode is brought to you by Propy. Propy is
leading the charge with putting real estate on chain. I've
been a Propy token holder or the token name is
pro since twenty eighteen. I discovered Propy and I recognized
that they were ahead of the curve in disrupting the
real estate industry with blockchain. So on Propy's platform, you

(04:30):
can buy and sell real estate for crypto, So you
can tell your house for bitcoin if you want, right.
That is something that Propy facilitates and of course their
platform is blockchain power, and they've put titles and deeds
on chain and for the buy and selling they use
coinbase with a crypto escrow. And folks, legendary billionaire investor
Tim Draper has been invested in this company, so he's

(04:52):
a big believer in it, and he still is very bullish.
So we all know real estate's going to be tokenized
and every industry is going to be disrupted by blockchain.
So Propy's leading that charge. And Folks, today there was
some massive news so Propy completes its first acquisition under
its one hundred million dollar AI roll up strategy, entering Alabama.

(05:12):
So propies AI and smart contracts will double profitability and
aim for market dominance. So they are now making some
massive moves in the United States right getting into certain markets.
And this is why I'm bullish on Propy. I'm a
Propy token holder. Continue to hold this is one of
my long term coins because I believe, guys, real estate

(05:32):
as the world's largest acid class, it is going to
be disrupted by blockchain, and like I said, Propi's leading
the charge. If you like to learn more about Propy,
going to propty dot com link would be in the description. Now, folks,
very big news coming out of the Senate Agriculture Committee.
They have released their long awaited bipartisan Crypto Market Structure
Discussion draft. So this is huge. And the folks that

(05:56):
participated on the Republican side, you have John Boozman and
on the Democrat side Senator Cory Booker. So we got
bipartisan effort here. Friarsherzad of Coinbase said today's bipartisan draft
from John Boozman and Senator Booker is a welcome step
toward giving fifty two million Americans clear strong protections indie

(06:17):
digital asset market. There is more to do, but we're
grateful for the work done so far and are ready
to do our part to keep the process moving forward.
Crypto continues to be the most bipartisan issue in DC
these days, and kudos to Chairman Boozman and Senator Booker
for showing that again today. So while Democrats and Republicans
may not agree on a ton of things, we're seeing

(06:39):
progress here. So you see why I'm bullish, guys, right,
I am bullish. We got Scott Bessant saying here's clarity
on staking on ETFs with the Irs agrees along with
the Treasury, and you got the discussion draft being put
out here. So progress being made, folks, And we know
government moves slow, so when we see wins like this,
we got to celebrate it. We got to be happy

(07:00):
because government doesn't always work great. Right now, one of
the things that the bill highlights is it gives authority
to the CFTC. And these are things we've seen throughout
the year as we had a version go through the House,
that a lot of crypto is going to be handled
by the CFTC rightfully, so because a lot of crypto
assets are not securities, right even though Gary Genser would

(07:23):
love to make everything a security, that scumbag. But he's
gone and it's a new day and things are progressing, guys.
So this is a major win. You know, when I
interviewed Congressman Tom Emmer about a couple of months ago,
you know, he said, realistically, we could see the Market
Structure Bill pass the Senate in December. Now is that

(07:45):
set in stone? Of course not, We'll have to see.
But if we are seeing progress right now and that
thing is able to pass before the breaks that happen
in December, that would be huge. Plus you got the ETFs,
plus you got the FED ending QT December first. Again,
you see the table being set here. Once again, it's
not guaranteed, right, but I'm just pointing you to some

(08:06):
facts here that these are major milestones and narratives that
I think whales and market makers are going to use.
Right if we know how the market works. This is
the same thing the stock market. And you got the
stimmy checks, the tariff stimy checks. Right, that could all
lead to a monster rally. But we'll have to wait
and see. We have to be patient and see how
these things play out. All right, Moving ahead, Jack Dorsey,

(08:28):
Square has just opened up four million merchants to bitcoin.
So we know Jack Dorsey is a big believer in
bitcoin and his company's Square continues to build technology around
it and do all types of innovations so payment processors.
Square has launched its bitcoin payment feature for sellers, allowing
them to opt in and accept bitcoin at check out

(08:50):
through its point of sales system. Jack Dorsey, co founder
a block which owns Square, said in an expost on
Monday that with the new feature of merchants using Square
can receive bitcoin to bitcoin, Bitcoin to Fiat Fiat to
Bitcoin or Fiat to Fiat payments at the same time.
Jacob seismic if I'm saying that right, An account executive
at Square, stated that Bitcoin payments are currently only available

(09:15):
for in person purchases and point of sale terminals, but
online invoicing options are in the works and teas that
updates would be coming soon. So progress being made here. Guys.
You got to watch Jack Dorsey. He's a very smart guy,
has had a lot of success in tech, and I
always follow what he's doing because I'm very curious. He's

(09:36):
one of those smart guys and he's very innovative, so
he's got the capital and the resources to build things.
So we're going to watch what he's doing. But this
is really great. Moving ahead. Biopharma eyes one hundred million
dollar crypto treasury to back cancer treatment. This is interesting.
This is kind of like a pseudo digital acid treasury,

(09:58):
so let me give it the details. Australia based Propank
Biopharma has announced it has secured up to one hundred
million dollars from a crypto focused family office to launch
a crypto treasury, a move its CEO described as transformative
as its cancer therapy product enters human trials next year.
The private placement, structured through convertible preferred stock, provides Propank

(10:22):
with an initial one million dollar investment and up to
ninety nine million dollars in follow on funding over the
next twelve months from Hextone Capital, a family office that
invests in several crypto treasury companies. So, folks, the digital
acid treasury company trend continues, and this is very bullish.
They're buying the assets that we hold right Bitcoin, e, theerem, XRP,

(10:46):
and much more. So this is really bullish. Obviously, I've
stated many times that we have to be careful when
the bear market comes because I don't know how many
of these will survive. But we're going to ride that
liquidity wave up to a blowoff top to our profits
so we don't have to worry. And then when the
bloody bear market rolls around, I hope you're still here
and you're going to be buying the dips with me. Now, obviously,

(11:08):
do your own research, not financial advice. I'm just going
to share what I'm doing. So the cancer treating biotech
companies stated that the proceeds will be used to build
a digital acid treasury and accelerate the development of its
lead cancer therapy PRP, which aims to enter first in
human trials in the second half of twenty twenty six.
So this is interesting, very very hybrid approach here. They

(11:32):
did not state which assets they're going to buy or
where they plan to buy, but hex Stones clients have
invested in everything from Bitcoin to Ether, Solona, Injective, and
as well as some lesser known cryptocurrencies. So maybe they
do a basket, maybe Bitcoin, Ethereum, Solana or whatever else,
but we'll have to wait and see. Nevertheless, another one
hundred million dollars coming to buy the assets you hold.

(11:56):
So very bullish news here. Now Rumble, the video platform
is looking to buy a crypto minor or the crypto
minor Northern Data after Tether investment. That's a huge expansion
going from a video to you know, mining and so forth.
So video sharing platform Rumble announced a business combination agreement

(12:16):
with AI infrastructure company Northern Data, following its deepening financial
ties with stable coin issue or Tether. In a Monday notice,
Rumble said it would acquire Northern Data following its August
announcement with Tether as part of a joint venture to
purchase the AI infrastructure company. Reuters reported that the acquisition
would be valued at about seven hundred and sixty seven

(12:39):
million dollars as part of a stock deal between Rumble
and Northern Data. So, folks, the building, the innovations, the
mergers and acquisitions continue. Not to mention, you have a
bunch of crypto companies and traditional tech companies like open
Ai looking to do IPOs. I present the question to
you again. I know it's at nauseum and I repeat myself,

(13:00):
but I want to hammer home. People don't do IPOs
or go public in a bear market. Right. Some people
are saying the market is top, it's gonna roll over.
We're in a bear market already. So these companies are idiots.
They're they're going to do going to go public in
a bear market, right, Guys, See how it doesn't add up.
So this is why we got to have critical thinking

(13:22):
and look at facts and be reasonable and really really
avoid the emotional rollercoaster and check our emotions at the
door and just look at the facts of what's happening.
So big news here, folks. So folks, that's the news.
Huge updates, especially from the Treasury Scott Besson's updates about
staking and you got the movement and progress of the

(13:42):
crypto market, structure bills, so huge news. Let me know
what you think. Leave your thoughts and comments below hit
the thumbs up button, Folks. Heads up my original profile
on TikTok for those of you who follow me, and
TikTok got banned. I don't know why, but I created
a new profile, so I'll put a link in the description.
Please follow. I need to build my followers up there
so you can spread the good news about crypto, so

(14:04):
check it out. Link will be in the description. Also,
you can support the podcast by subscribing to my free
email newsletter. It is one hundred percent free, so check
out the link in the description. Also check out my
book on Amazon, it's available in paperback in digital, and
my course at Mycrypto course dot com. This is a
comprehensive course that teaches you everything you need to know
about crypto. So, folks, thank you so much for tuning in.

(14:26):
I appreciate you all and I'll talk to you all later.

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🚨BIG CRYPTO NEWS! US TREASURY IRS APPROVE STAKING IN ETFS & MARKET STRUCTURE BILL MAKES PROGRESS!

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