MASSIVE! CFTC GIVE HUGE CRYPTO TRADING APPROVAL! TRADFI WANTS TO STOP DEFI & STABLECOIN YIELD!

Episode Transcript
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Speaker 1 (00:00):
The CFDC just gave a huge approval for a crypto
spot trading on US exchanges, and some trad five firms,
despite adopting crypto, are trying to kill certain parts of crypto.
I'll give you the details on what's happening. Let's get
into it. Hey, folks, welcome into the Thinking Crypto podcast.

(00:23):
I'm your host, Tony Edward. On your way in. Please
sit 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. Huge news coming
out of the CFTC. So here's the headline. CFDC green
lights spot crypto trading on US exchanges. So the approval

(00:44):
of these spot cryptocurrency products are to trade on federally
regulated futures exchanges. In a Thursday notice, acting CFTC chair
Caroline fam said the move was in response to the
policy directives from US President Donald Trump. That the approval
followed recommendations by the President's Working Group on Digital Asset Markets,

(01:05):
engaging with the US Securities and Exchange Commission and consultants
from the cfdc's cryptosprint initiative. Here's a quote. For the
first time ever, spot crypto can trade on CFDC registered
exchanges that have been the goal standard for nearly a
hundred years, with the customer protections and market integrity that

(01:26):
Americans deserve, said Caroline fam So, folks, this is huge.
You're getting the green light from agencies like the CFDC
and the SEC. Plus Congress is working on the Crypto
Market Structure Bill. This will allow for more liquidity to
come into the market. Remember, a lot of the institutions,
many of them are still waiting on the sidelines and

(01:47):
they can't go all in as yet because they need
the clarity, They need the regulators to say it's okay,
because many of them are risk averse. They don't want
to get a lawsuit, they don't want to get penalized.
And much more so, with the rubber stamp of approval
from these government agencies, it will allow the massive players,
especially banks, to be able to come into the crypto

(02:09):
market and participate in a bigger way. So this is
very bullish And of course this week we saw SEC
Chair Paul Atkins. He was interviewed on CNBC. He was
at the New York Stock Exchange and he talked about
the SEC also providing rules and helping Congress to pass
the Clarity Act. So we got both the right and
the left hand so to speak here working together to

(02:31):
get this through. So this is really big. And remember
the CFTC still waiting on the confirmation of Mike sea Leg,
who is you know, Trump's nominee for the SEC chair.
But Caroline fam she's been doing a great job. And look, honestly,
if she got the job as a chair, I would
be all for that, but apparently she may have some
other plans. But she's been doing an amazing job. And

(02:52):
now we'll wait for Mike sea Leg to get into
the office. And Mike is pro crypto, so this is
great news, folks, very very bully. Now on the topic
of the Market Structure Bill, Jake Traversky gave a great
update here. He tweeted out the Market Structure Bill December update.
The Senate is working very hard to get this done,
but the closer they get, the more complex it becomes.

(03:13):
I'm not betting on a markup this month. Three issues
are holding up the bill, stable con yield, conflicts of interest,
and DeFi. So stable coin yield. We know a lot
of the banks are fighting back, right, they don't like
that you can earn higher yield on exchanges like uphold
or coinbase or whatever it may be, so they're trying
to block that. But they have already lost conflicts of interest.

(03:35):
You know, some Democrats are saying, hey, Donald Trump and
his crypto coin and businesses, they don't like that. And
then DeFi is certainly a big one. And we're going
to talk about what Citadel's Securities is trying to do.
But first let me continue here with what Jake had
to say. So Jake says, reminder, market structure legislation may
be the most important crypto policy objective period. It would

(03:56):
clarify which tokens are non securities, how centralized platforms are regulated,
and more. Done right, it protects crypto from a Gensler
two point zero regime in twenty twenty nine or beyond.
The House already passed its version of the bill, the
Clardiac in July. In the Senate, Banking is working on
one half of the bill, the securities law, while Agriculture

(04:19):
works on the other half, the commodities laws. Both committees
publish drafts this fall. Next step is markup markup means
the committees hold hearings to vote on amendments and then
on sending the bill to the Senate floor for a
full vote. Neither wants to do this until they're sure
both drafts will get a passing vote, and that won't

(04:40):
happen until the remaining disputes are resolved. So folks don't
expect the market Structure bill to get passed this month.
It's not happening, and it doesn't look like the markups
are going to happen this month either. There's just a
lot to get through here. And look, it's better that
we're patient and they get it right. And there are
some things to resolve. It's going to have to go

(05:01):
back and forth for a while. And look, this is government, right,
They move slow, sometimes as slow as molasses, but it
is what it is. But the fact that it is
in the Senate, you know, and we're making we have
made it this far is incredibly bullish and a big
win when you think about all the things that don't
make it through the Senate. The Senate is very hard

(05:22):
to move legislation, you know, and spending time in DC
and speaking to a lot of members of Congress and
advocacy groups and so forth. I've learned that it's easy
to get things through the House, but the Senate is
very tough. So the fact that we're at this stage
is still a big win. Obviously, we all want this
to pass, but you know, it's looking like this could
pass by the end of Q one six, maybe sooner.

(05:45):
You know, let's see what these folks are able to do.
So this may be aligned with some sort of market rebound.
You know, you got the macro lining up, you got
the FED chair that's going to be switched out next year.
You know that new chair is going to do the
bidding of Trump cut rates aggressively, maybe go full on QI.
So I think things are aligning here, you know, a

(06:08):
certain timeline. I know we all want it to happen
sooner than later, but we don't control that. But we
can at least look at the facts and where things
are at and see how that may affect the market.
But I still think this is going to be very
big for the market, a big buider rumor sell the
news event situation. Now, I mentioned earlier that some trad
five firms are trying to attack crypto. We've seen a

(06:30):
lot of bangs and Wall Street firms are adopting crypto, right,
that's fine, but some of them behind the scenes are
trying to kill certain things like the stable coin yield
you can earn on different exchanges. They don't like that, right,
because they're giving you bullshit interest payments in your checking
your savings account, and they're keeping the majority of the money. Right,

(06:51):
so they don't like that. You can go on once
again uphold or coinbase or whatever and earn higher yields
staking and on stable coins. But look at this Citadel.
So that's Citadel's securities. They wrote to the US SEC
calling for tighter rules on tokenized assets and DeFi. The
crypto community, of course, is pushing back, but you see

(07:12):
what's happening here. They're getting disrupted and they're still trying
to pull their strings. Right. We've heard citadels say they're
going to adopt crypto. We see that all of them
are trying to launch ETFs or adopt ETFs, trying to
launch stable coins, trying to tokenize, but they don't like that.
Crypto native firms and certain other firms who have more
freedom to build and innovate, they don't like that, right.

(07:33):
They're trying to stop it, and they're going to try
to kill certain aspects of DeFi and crypto. And here
Hayden Adams, the founder of UNISWAP, which many of you knows,
a decentralized exchange. He said, first, Ken Griffin, who's the
founder and CEO of Citadel, screwed us over on the constitution.
Now many of you know that story. Now he's coming

(07:54):
for DeFi, asking the SEC to treat software developers of
decentralized protocols like centralized intermediaries. Peyden says, bet Citadel has
been lobbying behind closed doors on this for years. These
are the people who are lobbying Elizabeth Warren and Gary Genser.
I've been saying that for years, right, it was these
banks and these big time wallshet firms. They hate the

(08:18):
fact that they couldn't offer crypto and you could go
to coinbase or uphold a wherever and buy crypto and
steak and do all that because it was bypassing them.
They hate that, so they lobbied and weaponized Genser and
Elizabeth Warren. And you know, we know about the attack
that took place over the four years. That's why a
guy like Gary Genser, who understands crypto, who was teaching

(08:39):
it at MIT and was pro crypto, went to the
SEC and all of a sudden did a one to
eighty right, and he started attacking it and doing unlawful
things and speaking as if PE didn't know about it,
and he went against the past statements he made at
MIT right because he was just a neutral party at
that point. But when he got to the SEC, the

(09:00):
phone call was made and Elizabeth Warren, you know, she
enabled him. It wasn't so much Biden. Obviously, Elizabeth Warren
had that top financial oversight seat and so she was,
you know, running a muck. But they got defeated clearly.
But that's not stopping some of these trad fi folks. Okay.
Hayden continues here, saying, Okay, that's all pretty bad. But

(09:21):
the actual nerve for one of these arguments to be
that there is no way for DeFi protocols to provide
fear access for all things. He says, laugh out loud.
He says, makes sense. The king of shady trad fi
market makers doesn't like open source peer to peer tech
that can lower the barrier to liquidity creation. He's spot on.

(09:44):
We all know about Citadel and the whole robinhood game
stop and all that stuff, right, I don't need to
go through that. If you don't know, go research it.
But that in itself is a whole other podcast. But
you can see these guys are fighting back. The banks
don't like you're getting stable quin yield. Citadel is like, oh,
we don't like DeFi, right, we don't like the fact
that eventually you can put tokenized assets in DeFi. We

(10:07):
want to control it. We wanted to run through centralized
rails like it's been you know, historically, But it ain't
gonna happen disruptions here now. Could they lobby really hard
and put a ton of money and flip certain people. Sure,
although I don't think Donald Trump it's gonna allow it.
And this administration now, we got to get crypto legislation

(10:28):
through before Donald Trump leaves office, that's for sure. So
I hope you see what's happening here. And we got
to keep fighting. But the crypto industry is ready to
fight and push back on this. You know, I tweeted
out about this today. I said, we still have a
fight on our hands. Citadel, JP Morgan and other trad
five firms are adopting crypto, but still trying to stifle
and kill certain aspects of crypto. They want to take

(10:50):
over and control it. So we still got to fight, folks.
I'm gonna talk to some people in DC and I'll
try to bring them on the pod and you know,
see if we can get you guys. The update now, folks,
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(11:12):
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(11:32):
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if you'd like to learn more about vchain, go to
vchain dot org. Link would be in the description. Now, folks,

(11:54):
look at this. The first suite based ATF approved as
twenty one shares brings leverage to market, so we're seeing
a lot of all coin ETFs get approved. So the
twenty one shares two x suite ETF was approved for
trading on Thursday on the Nasdaq Exchange t XXS marks
the seventy fourth crypto ETF to launch this year and

(12:15):
the one hundred and twenty eighth overall, according to Bloomberg.
So we're seeing an all coin ETF explosion. And it's
not just simply spot but you got some leverage products here. Now,
whether you like the leverage product or not, that's, you know,
for the free market to determine. I personally wouldn't get
involved with this, but you know, it is what it is.

(12:37):
Everybody has to pick and choose how they want to invest.
Moving ahead, Coinbase Incubated Ethereum l two Base network rolls
out of Bridge to Salana. So we know Coinbase they
built Base, which is their Ethereum layer two, and it
looks like they're building this bridge to Solana, which is
smart so popular Ethereum layer two. Base will now support
Salana based assets natively and enable the export of Base

(13:00):
these assets onto Solana via a new cross chain bridge.
The cross chain infrastructure is powered by chain links cross
chain interoperability protocol. Now I hold eth Solona and chain
Link in my portfolio, so you can see I'm betting
on these chains that are getting adoption, and that's what's important. Right.
You don't want to be emotionally evolved, but just look
at the real world adoption. And this is a smart

(13:21):
move by Coinbase. It helps expand their ecosystem. This is
good for Solana, it gets more transactions and all these
things on their protocol or on their blockchain. And of
course chain Link, the connector of all these things is
one of the blockchains and tokens I'm very bullish on
because you can see chain links technologies being used by
blockchains and TRAAD five firms. Because it is solving some

(13:45):
real role problems here. This is really great. Now look
at this news. CNBC taps CALCI to bring real time
prediction data into financial coverage. This is huge. You got
mainstream media here integrating these platforms that use blockchain, and
this is a great example of how this market is
maturing and people are integrating the technology in different ways.

(14:06):
So CALCI will provide real time prediction data across CNBC's TV,
digital and subscription platforms beginning in twenty twenty six as
part of a multi year partnership. And just this week
we heard about Calshi's moving to court crypto traders with
tokenized betting contracts and they're doing that on Sowana. So

(14:26):
lots of development happening here, guys. It's incredible and I
love seeing news like this, right, the convergence of tradfi
and the traditional tech world with crypto. Now, Jack Mahler
is twenty one Capital I's Tuesday debut following Canter Equity
Partners mergers. So it looks like twenty one Capital, which
is a bitcoin treasury company, is going to go public here,

(14:48):
So let me give you some details. Twenty one Capital,
a bitcoin focused financial company led by Jack Malers, expects
its shares to begin trading on the New York Stock
Exchange next week following the completion of its merger with
Canter Equity Partners, a special purpose acquisition company. The announcement
on Thursday followed shareholder approval of the deal at Cantor
Equity Partners meeting, clearing away for twenty one Capital to

(15:11):
list Tuesday under the ticker symbol XXI. Final voting results
from the meeting are expected to be disclosed in a
forthcoming form AK filing with the us SEC. So big
news here, more companies going public, more crypto companies that
is so I think we're going to see more and
more of this as we head into twenty twenty six. Okay,

(15:32):
moving ahead. Former Binance US ceo launches stable coin platform
ahead of l one network. So one Money, a company
co founded by the former ceo Binance US, has launched
a stable coin orchestration platform ahead of its plans to
build a Layer one blockchain for payments. In a Thursday announcement,

(15:52):
one Money set the platform by the same name will
have zero platform fees, opting instead for a usage based
fees for transactions involving stable coins in fiat. According to
the company, the initiative will continue on one Money's Layer
one network for stable coin payments offering no gas fees.
Here's a quote. For too long, the legacy stable coin

(16:14):
service providers have held the ecosystem back with outrageous high
monthly minimums and bloated fees. One Money is ending that era,
said Brian Schroeder, One Money co founder and CEO and
former CEO binance Us. Very interesting. We'll see if it
works out. Right, a lot of innovation happening, and that's
very bullish. Right with the Genius Act pass, you're going

(16:36):
to see a lot of stable coin innovation, folks. So
here's a clear example, and it looks like they want
to launch their own Layer one blockchain. But I don't
know how many Layer one blockchains we need. Well, let's see.
You know, the free market will determine who's going to
win this battle or this war. Now look at this,
and I hope I pronounced this right. Hugh Zia State

(16:57):
Link Chinese Bank tokenizes six hundred million dollars in yuan bonds.
So we're seeing tokenization happening across the globe. And uh,
you know, China is out there saying, oh, we banned
crypt and whatever. Yet you look at what Hong Kong
is doing they've launched ETPs, they're tokenizing, doing much more.
So China is just putting up a smoke screen. You

(17:17):
got people and banks related to China very closely linked,
doing all these things. Right, So, hugh Zea Bank, if
I'm saying that right, it might be butchering it. A
publicly traded financial institution linked to China's government issued four
point five billion yuan or six hundred million dollars in
tokenized bonds on Wednesday, aiming to reduce clearing friction by
removing into miniaries from the auction process. According to Sina,

(17:41):
the on chain government bonds were issued by hugh Zea
Financial Leasing, a subsidiary of hu Zea Bank, a state
controlled commercial bank in China. The bonds offered a three
year fixed yield of one point eight four percent to holders.
So the six hundred million dollars bond tranch was auctioned
off exclusively to holders of Look at this, China's digital Renembi,

(18:06):
also known as the Digital You Want. So China said,
that's fine, use our CBDC. Wow. Now which blockchain did
they tokenize on? I don't know. The article I don't
think gives that detail, but I would love to hear
and know about that. That might be something they keep
on their wraps here or maybe they have a proprietary

(18:27):
uh blockchain, but it doesn't yet, it doesn't say which one.
But man, this is why you gotta be careful. Folks.
Watch what they do. Now. They say they can say,
oh this is banned, but when you look at what
the actual people are building and doing, tells a different story, right, Okay,
moving ahead. Soulmate so s o l m Ate looks
beyond Solana's treasury model with rockaway x acquisition. So Soulmate,

(18:54):
a former Berera Holdings PLC, has signed a non binding
term she to acquire rockaway X, a deal that would
shift the Abu Dhabi based Salona company from a passive
digital ASCID treasury to a unified platform offering infrastructure, liquidity
and asset management services. So essentially, this is a Salona

(19:15):
digital asset treasury company and they're doing this acquisition to
expand their services, which is smart. I think these digital
acid treasury companies need to do more than just hold
the asset right, generate revenue in other ways, you know,
integrate things that complement the asset that they're holding, and
which can help increase their value and provide greater yield

(19:35):
and returns to the holders of the stock. So, according
to Thursday's announcement, the all stock deal with c soulmate
acquire all of rockaway x's operations, including its validator infrastructure
and on chain liquidity business, as well as its venture
and credit funds, creating a combined entity with more than
two billion dollars in assets under management. Wow. So the expansion,

(20:01):
the global expansion of crypto continues, massive mergers and acquisitions, investments.
It's amazing. What's happening is so exciting. Final news item here,
Digital Asset raises fresh funding to scale Canton network adoption.
A couple of things here. Remember I've been telling you
guys about Canton Network. That token is not available yet,

(20:22):
but I told y'all watch this right here, because that's
what I'm going to be looking to buy now. I'm
not gonna buy into any pump. I'm gonna wait for
it to cool down, you know, anything that launches and
it goes crazy and all that. But you want to
buy when the blood is on the streets, right, And
Digital Asset is the firm I interviewed. You've all rus
the co founder and CEO of Digital Asset about three
three months ago. If you haven't seen an interview, be

(20:43):
sure to check it out. They are This network, by
the way, is backed by the major Wall Street firm.
So Digital Asset said roughly fifty million dollars in funding
came from B and Y, America's oldest bank in the
world's largest custodial bank, I Capital, NASNAC and S and
P Global will help scale the Canton network as institutions

(21:05):
warm to n chain tokenization. So Canton network is a
layer one blockchain that is privacy focus, is built for
institutions and is backed by Citadel, Goldman, Sachs and so forth.
So this is why I'm telling you watch this one right.
Remember I'm telling you this and I don't have the
token yet, so I don't want you to think I'm
pumping my bags. I don't. But when I did the
interview and I started researching, like wait a minute, Wall

(21:28):
Street is building its own blockchain here, and they're gonna
have it's gonna be a public blockchain and they're gonna
have a token. I'm gonna invest in that because I'm
here to make money, guys. So that's why I'm sharing
with you. And once again I don't have the token.
It's not in the open market yet, so once they
do put it out there and correct, so I'll be
scooping up some you know, maybe it's in the bear market.

(21:49):
I don't know. I'll let you guys know when I
do take a bet. But again, watch this one, folks.
That's the news. Let me know what you think. Leave
your thoughts and comments below hit the films up button, folks.
A great way to support the podcast is by subscribing
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Link will be in a description. Check out my book
on Amazon it's available in paperback and digital, and my

(22:10):
course at mycryptocourse dot com. This is a comprehensive course
that teaches you everything you need to know about crypto.
So if you want to expand your knowledge about this
technology in this market, this is the course for you. Folks.
Thank you so much for tuning in. I appreciate you
all and I'll talk to you all later.

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MASSIVE! CFTC GIVE HUGE CRYPTO TRADING APPROVAL! TRADFI WANTS TO STOP DEFI & STABLECOIN YIELD!

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