How Bullish Is The Trump Administration?! | Crypto Town Hall [Bot Attack]
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Had to cut the music right when the beat drops, but we do need to start the show. Everyone, IT is thursday. I hope you are having a wonderful day.

A lot in the news once again. But still the real story that everybody's talking about is big coin Price action and of course, the political situation, the red wave. Now the republicans officially have the president, senate and congress.

And a lot of conductor as to what they're be able to do with IT and how that will obviously impact the crypto industry as a whole way of a lot of rumors going around as to what some of those policies might look like. We have Howard lot being uh, now floated for the head of the treasury. So uh, I think everybody can agree that genet yelling being replaced with Howard, let could probably be basically bullishly for the crypto to industry.

And we have some other news is pretty astounding. And me just jumping in first on some of the signals that we have as far as Price action and volume to give us some indication of what interest looks like right now. Crypto, on november thirteen, the big coin body, T, F had a total net inflow of five hundred and ten million, recording net inflows for six consecutive days.

Blackrock E, F, I bit rank first for a single day flow and flow of two hundred and thirty one million. I think about a five billion dollar volume day on I bit and I bit is by leaps and bounds. Now the fact f in history to accumulate forty billion dollars and assets I don't have the front to be is to downing.

It's basically a strain line up. Well, everything else had ever got to forty billion has taken a very, very long time. Thirteen ious body T, F had a total net inflow of one hundred and forty seven million, recording net inflows for elective days.

Finally, etf F E, T, H rank first with a single day net inflow of one hundred and two million. Also, the black rock I bit etf is now larger than their gold etf for those keeping keeping track. Some more bullish a volumes and news here, according to d ilona, along as this daily trading volume has succeeded five billion for three consecutive days, absolutely astounding.

And then with the title here, according to coin glass, the bitchin contract holding of all exchanges in the network are close to fifty five billion in U. S. Dollars, setting a record high for open interest. And obviously, that's also a record high on the cm. So fair to say that we have a ton of volume, a ton of buying, a ton of interest and there's a lot of new people here.

I mean, tom, i'll start with you just jumped up um over the last six months when we had sort of this predictable slow draw down, there are a lot of people asking when will retail come? What will bring them? When will we get new money, whatever that's coming for? Uh, looking pretty good here right now. Yeah looking really good.

I am sure on getting the tax or emails from friends and family. I go they're yp. Things still live right. But what's more interesting is like the financial adviser and allocate or community that i'm i'm pretty plugged in weth is is starting to really engage and actively like come in, including the bigger allocators like family offices who they ve been sitting on the sidelines and the question is like are they too late?

Um the question that they are asking and and the answer is, is no, we're just getting started hopeful in here. Um so there is a really a lot of interest now whether that interests is going to express itself in the etf, we seen record inflows, uh, consistent inflows into the big T F, but also the etf. I think we had four or five days positive.

Um or are they going to come on chain and actively participate? You know those mid caps on chain really are not participating right now. It's been the barbelle of etf and neon coins. So I still not sure of the mid caps gonna participate. I think it's going to continue to be a bar off for a little bit um but I said books are really, really interested right now from everyone I talk to and not just script native people .

yeah makes a lot makes a lot of sense. Tom, is what are you seeing right now as you're kind of looking at the market and interest, obviously via aims been booming and keeping up your time. But you know on the context of that, what else you think yeah.

I mean, just from the restructure excited the cropt market. I mean, working, you know as as the Prices pick up, volume picks up on our side of the market where people are like I just got to get this claim where the situation is a liquid um so find more people looking for liquidity um and um and that and also the states, of course, like the higher the numbers go, the more likely you'll see settlements because you know there's zero dollars.

You know people can not argue if there's make up like a hundred million dollars um more than you can sort of you know there's always a good settled somewhere. Um so you know you think pretty big uh, especially at the x because we crossed the to your mark where they could bring. So now all everything litigation that we know what kind of the x estate is is, is gone.

So like the hasn't file by now, they miss the bar date. So um you see some interesting stuff going on, but um not too much, not too much you now having you we're kind of like in the traditional finance area. So we haven't started to getting the phone calls from the trade guys going, hey, what can we do um which is always a phone call.

They are Normally call you and like you're really hitting all time has but um haven't quite started getting those phone call yet. Um I mean there of course, guys in the F, T X trade and on all those firms are doing incorrectly. Well, I want to leave. I need only A A few three areas, claims traded and sales claims traded. But and you go into two, three docker s like it's still those guys feel like they missed the trade and they're .

not really looking at IT just doesn't know the needs. So you are no more big grapes for you. Look.

look is done and .

your business slowly drives up as your transition to something else more profitable.

I mean, you know the sky, like my parents are bankrupt y lauris. So that's how kind of got in the stock and trade. But um you know that will happy at some point.

Something had a football trapped you either through litigation or hack or something, but you know you don't wish IT upon the market. And in fact, you know something will think the distress investing, you are just buying you know trash and trying to flip IT or something like that. They think so easy just but actually that's the worst deal.

The best deal is the ones where there's a really a lot of you know future prospects um what in the assets the company hold things again. So I think you're seeing that. I think they get it's good for the ecosystem to develop. I mean, it's all you know, allies go bankrupt, tail companies go bankrupt, car manufacturers go bankrupt. It's a natural whatever the natural.

But yeah, I mean, you always are kind of hoping that you put yourself out of business because the Prices of whatever you bought, like we look to a number deal once you're hoping that the Prices for larger deal of longer mills are so ridiculous. Ly high. No, no, tough. You will never the deal that you're ready in, you've become a little bit .

you want to retire on the work that you did and have to depend on the future work is the kind way of saying.

yeah, I think you don't wish bad things. Things will happen. You know guys, we'll get trouble for L K, Y, C stuff. For regulatory change will push the company into restructuring. Um the best restructurings are liquidity problems, not insolvency problems like what I mean insolvency like you know dying businesses are very tough to make money .

getting involved in the restructuring. So yeah totally. So you obviously mentioned footfalls and regular reaction.

Well, maybe the biggest news stories Polly market you I miss IT uh the FBI rated the home of CEO of Polly market phone computers and such IT seems that the claim is that IT could be in trouble for allowing U. S. users.

Is that correct to, uh, trade contracts on Polly market? Not so do similar to when obviously baLance got in trouble for allowing americans with VPN to trade on baLance. But uh, serious timing.

Man, I mean, I did like the FBI rating, the C E O of the company that did the best job of predicting their opponents, uh, presidential Victory within a week of that election. I am not a conspiracy. There is IT could be quite sence, but holy crap. Man.

yeah at the time, is really questionable and the whole situations really bizarre because chain coplin uh know the there was no question. I'm sure there was a lot of american users using the V P, N to the play with a poly market. Um and there's other alternatives now too I mean because he is now U S.

Regulated prediction market too. I they also use a fiat where I think paly mark not mistaken, is still just cypher cypher but create IT like this uh like a literally week after the election and it's even worth surprising is coplin. Um I think he was actually lead the paris waldner.

I mean, I think he actually was back in I through this photos of floating around here. So I don't know I thought like he was proved rop either. That's what the surprises me. Um you know IT remains to be seen just going to shake out brain armstrong put a pretty aggressive of tweet out last night.

I think he's since deleted IT um elan must replied to that we um just raising questions about time me of IT and overall crack down the continue cracked down you think they would have let up um out of the election. But this underscore is really the concerns that we have as an industry use these next disaster bug session. Will the will there be more enforcement actions coming up from the S E.

C? Will will there be more of these types of actions from D O, G prior to the new administration taking office? I don't know.

This wasn't a good sign. Uh, so yeah, that was the yesterday was saying news day. I mean, every other hour there was something popping up. And so this was the latest one, I think that the party market news drop maybe thirty minutes or so after the map gates newsrom every. And we can get into that a little while though, because there is a lot of action happening on the transition .

side and these appointments. But market, I want to come back to oro leader, obviously attorney general gates and others. The Polly market thing, though I won't ask you really quickly or if anyone knows because we've obviously talked about like S, C C civil enforcement actions against you know coin base and finance all being dropped to forget a new regulator if it's this was F, B, I, but if it's D, O, J, N, F, B, I, are those things is likely to go away just because of a new administration. Someone is to five layers on stage, literally.

I was this god. I've got a, i've got a lot of thought on this because I played with this space a little bit. I think the first, like a couple of something, remember that first of this is not the first time that Polly market has gone in trouble for this.

They've ve got they were fined a million and a half books back in twenty twenty two by the C. F, T, C. For not adequately, uh, basically keeping U. S. Users off the platform.

So not only are you going to go and say that this has been nothing to do with the election, i'll go farther and you can say this really doesn't even have anything to do with crypto. Almost certainly only we don't know exactly what IT is. We won't know for a while exactly what IT is, but my guess is it's either about K Y C A M L stuff or continuing to not appropriately keep americans off the platform on IT.

Um and in terms of the tide of the election, again, I think what we will find out is the only tide of the election is going to be that they actually held off on doing the RAID until after the election was done to prevent any appearance of them uh trying to affect or method that this actually comes and become relevant to legates thing to and the house effects committee panel that has been investigating him. But like, yeah, people are jump ing straight IT. If you look at like even the other thing is that if you watched a lot of the very political go minded prosecutions and things are the things for the F B I chasing a headline, the F B I and the D O J leak like a fricking sea, they will constantly do if you think that, like when they back in the arrest of Martin squirl, you think it's an, and that they had like a photos.

There is a news hot graph sitting outside his apartment ready to get like a, uh, nice of perp lock photo of him coming out. No, these guys leak like a seat. And the fact that did they didn't come from their side and was clearly either from shame himself or maybe shame lawyer making a really bad decision, 嗯， leading and trying to set the context, uh, step the narrative through that new york post article and that the F B I I n't said anything is to me that is a real case that has been around for a long time.

They had a warrant, which means the head have a grand jury panelled on IT like this has been going for a while. It's a real case. I'm not saying that it's whole vanator that were going to fight problems with IT, but the idea that this like got cooked up after the election because Polly market was Polly market wasn't in that much was not any more accurate any of the other betting markets. IT did not call the election that foregate advance. IT was constantly flipping back and forth between whether Harris was a head or trump is that there's yeah the idea that this is about anything more than my standard financial crime stuff, I think is gonna end up being used to be absolute .

bunk yeah I I agree with that. Um anybody else have particular feelings on the Polly market situation before we jump back to sort of this lame ducks session in the transition team that then I were talking about before？ Because then correct if i'm wrong and I don't know if this gets approved, I don't know what happens with the senate, but IT seemed like everybody being put in place as project. Finites feels that way.

IT really is. He really is. Indicate situation. There's a few different theories on how this plays out. You know, because he literally resigned from congress yesterday as well because he was facing house ethics investigation.

So we could he resigned a seat and however, just last week, he was reelected to his seat. So there there's no reason to say that he can't retake off. It's come genuine.

But in the meantime, yeah so his nomination was really a shocked uh, most people that I know here winging he is very controversial congresswomen and but he's very, very progressive though he actually wanted to get a part in for a july son. So he he aligned with a lot of what our industry stands for. The problem is he quite radioactive, are usually on both side to the air.

I don't know he'll have full face a very, very tough confirmation process and senate um and but florida, there's absolutely dominating right now. I mean, take a look at this what's been happened in over the last few days how they put in a rubio's sector state and they put in a Michael alth congressmen from florida national security advisor. Up until yesterday, a rick god was running for the senate majority later, obviously didn't make that, but now works by mind and so as to take up from the top.

right. So this week rubio's a nameable for sexual date. I think he's going to get IT. He's definitely china hawk.

He's probably the most hawker ish terms nomination and so far, but that opens up that senate city down there. So they'll be a slew of interest sted parties that will be interested in running. You're getting that appointed from descends to fill that on expire term that will be want to watch.

And we have a lot of protocl pto congressmen down there that I would love to have that seat. And also we talked about the mayor miami. There is a few other other politicians done that I think would be terrible for that.

Uh, then let the police move over to tilt gavard. So he was the one to just got DNA yesterday. The director of national intelligence, hugely popular, powerful role, I should say, has been a friend of the industry. Uh, and then just going down the list here we have but see brad clip C I A was interesting.

Uh, the department of doge was also was just another one that came out there for yesterday with must can raa swam leading that up and they released that new official logo with the the dog I cracked up. H, that's exciting. I mean, he is a perfect girl for those too. You know, you can be set up to be temporary, but they're going inly be bringing in a lot of outside folks to help with that.

So IT would be fantastic. Really get a crowd source from x ideas to cut the government based on their tweet IT.

Third, seems that way. And you know this this is perfect. I mean, and it's what actually I got to give credit to win. H, he's a regular on these things.

I think he was him that actually tweet that and coin that term uh few months back uh so anyway they they ran with IT so now the official government acronym um so we'll see how that shakes out. And then on the senate side, uh this was this was pretty nifty. You know, soon ended up putting IT off and you he'll take the official role in january third after congress, you know, wraps up this five week lambo x session. But his a you know, all three of them were a rated by standing with cyp to his rock salad. I think that also he exerted the interest the influence of the separation of powers you trump all but endorsed and Scott for the role without coming out for IT Scottish even make a past the first round of ballot um but again, I would have been happy you with all three in terms of our industry but soon and I think we would be fine um he's definitely that is hard trump but that might not be a .

bad thing in terms of just separation. He also, writ gently, been cyp to and also because C, F, D, C should have more power. Mh, have more clearly correct.

exactly. He is. He is. Yes, he's not he's kind of low key, very great fund raiser, which that matters and in a race like that.

And but he's supportive industry. He's not like at the alarming or you know a cruise, but that's fine. I think he'll work with us. And I think that is is is that a bad thing?

I mean, what a world went of information. It's it's never remember a political new cycle like this. But I guess that makes sense when you have a complete overhaul, what our industry look for. A good .

morning. Uh one of the things i'm skeptical of is uh ability or the you know that the manifestation of actually reducing the amount of government in the U S. In the sense that um you know sure you can have a department of h know governmental efficiency in these sorts of things but I know depending on on that particular organization, there might be more of a think tank that can suggest things to get past when is still has to go through congress congress.

So even if um you know they have the house in the republicans have the house in the senate, you get all of these politicians to agree, right? You have to get I like wet like nine eight percent past these bills to agree to do this and then some of these guys are in swing states as well. So I just want to see how that's going to play out in real time here because, you know, people have had a broken their neck and try to reuse the government before, and that hasn't been that successful. So, you know, I just want to see how this you know how this plays out, at least on that friend.

The best shot we have right now for by parties, an agreement in the slam duck session is going to be the stable coin situation.

You know, we can get that low for IT big time.

Yeah, big time because that's Frankly wick. But kenly wants that finished. He want he wants that to be a party legacy, and I really hope we can pull that off.

And then of course, the market structure topics are gona be imperative. I think from the first hundred days is are going to be very, very interesting. He's gonna a few quick Victories for the industry.

I think day one he should part in boss get other way. Um and I think this statistic bit coin reserve everybody talking about listen, I I think it's a great idea. Um I wouldn't say this on the top of the pecking order prior for the industry, at least right now.

I think market structure is big picture more important. But you know let's do IT why not? Um so he will have a honeymoon period and they have a good working relationship with the senate house uh you know for but it'll two years as a long time, right?

Naturally going to be some chAllenges to ego here, but I think we have a whole bunch of new friends coming in right now from the work that we all did you know everybody on this call and in the pack that we had a slew of new incoming congressmen from both side the isles, Young like a Young folks. That are gonna really help us. So I think i'm really excited for, for the next two years.

even at the most nal levels, a lot of these people are going to be running campaign s again in the next two years, right? And this and we've seen what this industry will do for anyone who even sniff es out. A mention of cyp doors comes out even remotely positive.

So I think that, you know, that's only going to increase this industry. And you have this sort of these stars aligning right now. We really get a ball run. All these companies, all these donors, they make tons more money. You get the sort of you know fly wheel effect of the the politicians realizing that it's a winning issue where they can raise a lot more money. And I think it's just onna continue, at least for the next two years where the industry gives a lot more money to politicians and politicians speak a lot more favorably. I an do you think that, that makes a lot of sense that I mean, this four runs not guaranteed, but if he does, I mean, imagine the amount t of money that's going to port from cypher one to politics.

I completely agreed. God, we haven't had the industry rate now is that is in terms of influence in this town is peak right now. The industry really hasn't beat as much muscle ever, and I think it'll continue.

But we're coming off a really, really strong election. We literally the industry just took out, you know, the city senate banking chair. I mean, that is a huge deal, and we have an enormous amount of positive attention on this right now. I don't we know we can screw this up.

This is the time and with the income and favorable president, senate and house, um um I mean I think knowing the time to really make some accomplishments and the groups that are really not going anywhere, I mean that so where where I was going to be here, right but it's the political groups like fair shake sam cyp to thera, you are just closing shop. They indicated that they are going to stick around and actually target these races, you know going forward in the next mid terms and raise money and build you bipartisan consensus and that will circle down to the states, you know, local even. And I think it'll be an exciting time.

Can I just jumping with the appoint? Yeah so uh, in terms of government spending on the dosh, I kiss liver calling that like what version of the simulation reliving and this is amazing. Um there's one they talk about cutting two trillion.

Uh, last year's discussion spending with one point seven true in total and that included some h military spending. So they're going to really have to cut deep to actually get anywhere near those numbers. That means cutting like antlered programs, which I don't think there's any repetitive to do.

So I measure to see how they actually get through this. Take the other thing um is you know they have the republicans have a monday right now in the first hundred days is absolutely key. So I think they are gonna tick off the easy things like know praying, ross. But I would be surprised with the first hundred days actively like focused as much on cyp tu as we wanted to be. It's probably going to a take a Better tea to other priorities.

immigration. I mean, the bigger obviously the bigger national issues. And I honestly and then I think we talk about this four, but on I think there's a likelihood that you you know the present like to have these grand huge bills in those first hundred, two hundred days like the uh laughs hable inflation reduction act obviously, biden in such I wouldn't be surprised of these big for us, script topics get wrapped in as small issues and much bigger legislation.

That's true. And as Thomas saying, there's kind of priorities coming into the new administration. We like to think that we live reading this stuff every day and it's super important and it's important that the trump ministration coming in.

But there is an enormous matter about the things he has got in this plate, including immigration, right, including your forever affairs, ukraine, you name IT uh and you're right there could be things wrapped up onesta that is not a bad thing. And we we can work really on some these other pieces of legislation, collaborative ly like this beginning the the A A X that they're doing at the end of this year um and in the new year. And I know ran was talking about that. I think class time is on the show. I mean, there's pieces of legislation that we're going to push that can be part of a something larger if necessary.

IT makes sense, James. I'm glad you jumped up here. We also have andre here from bit wise.

So we have a few people. We can talk etf here. These flows absolutely astounding. I know you aren't here at the beginning, but I mentioned IT at the begin of the show.

I mean, obviously, it's following this incredible Price action, but also a lining, I think with a lot more wireless ses coming online and people being able to these. But I mean, I bed has been just the fastest by exco entity, fastest to forty forty 表演。 And I mean the flows, the volume, this is radio. Have you ever seen anything like this?

yeah. I mean, this is unlike anything. Never seen an etf world like you.

In the crop, the world, you've seen stuff like this take off this way. But uh, in the etf world, this is kind of, uh, rather unprecedented. I would say.

I mean, I don't know exactly when numbers you throughout there, we were at two point four, two point five billion so far this week that have come in. I mean, these things have taken in over twenty eight billion on a net asia since they launched in january eleven. Um that's a lot of money.

Um a lot of this is still based straight on i'm not sure is that there is that many wireless ses that have come online and I have been seen much that to indicate that there is definitively wireless ses coming online. But uh, we will know for sure who has been buying over the last few months. I mean honest, where to tomorrow is the deadline for thirteen of data um so we will know who had bought you know through september thirty th on an artistic basis.

A lot of people tend to go ship in in the last minute. Some are already filed. But yeah I mean will know exactly he was fine. But I still think there's a lot of wise. There's a lot advise sor networks that still haven't fully approved these things um and that's still obviously another area of demand that can come from and I said this a lover TV recently like, they are like, kindness, keep going.

And they asked me this like two weeks ago before the election and I was like, look, you look at our colleagues and the trade by industry, like the vast majority of people I speak to still consider this entire space of joke now. And like they just equate like bitcoin alongst identities. And meanwhile, they don't there is no separation of, like, maybe we should start taking this big coin things seriously.

There are a lot of people that are kind of like, okay, big coin is the only thing I don't get that I don't approve of IT. I don't like that, but is so this whole of the spaces of joke. So there's just like there's still this massive overwhelming view from most people I talk to that are just like I do not take this remotely seriously at all. And I think if I mean, I guess when or if that changes or at least the a greater number of people started to taking more seriously, I mean, this we're still early days, I guess, is what I would say.

Um I degree with the James here. Um I think if you have to put some kind of estimate on where we're going, I mean, we've already seen three billion and that influence so far across all products, right? H since strating launch, but I think this at least double this amount still in the pipeline. I mean, h James has just mentioned that most of the wire houses, they still haven't got access, right. And if you look at simple estimates, right, if you just look at uh, the whole passive etf market in the U S.

Alone, it's around nine point one trillion, ridiculous the high number and h if you just do some conservative estimates, let's say every um to adviser every few etf investors going to switch to bitcoin etf for instinct, right with the three percent and end up with uh very high numbers like around sixty billion U S dollars still to go just by substitution alone and right. So money that is being substituted from existing passive E T S like equity ETS4NTTS and song about T S uh to big etf for rent。 You you still have, okay, I mentioned authority billion, right?

You for us that inflows and train lodge, but you still have around the same amount left just by substitution alone. And this pie is growing, right? I mean the the 操作 etf markets growing because the s five rents also at all time eyes， right this keeps keeps going higher.

And so the potential of um the substitution flaws alone is also increasing. I mean you mentioned also the forty billion am in habit, right? I mean and no questions that they have completely. I think the word we are looking for is I that destroy or obliterated? great.

They completely destroyed previous etf launches and IT seems like this is going to continue with the bull market because i'm just i'm still at the airport, he engine eva, right now, we've just come back from for client meetings today alone. Um so retail interest has picked up. You probably seen that google trends start, but we institutional demands also picking up.

IT used to be this way. When went to a client meetings, we had to push them all the time like I Y. Interest in interesting into T S etps, right? But now it's more like, uh, a poll effect, right? We are seeing increasing demand from clients, right? And of course, I mean, the reasons we've cross new alteram island is just a natural phenomenon, but I think it's there's still so much in the pipeline. James.

what do you think every theory am catching up to some degree? I mean, even just getting that possible, right? And we're starting to see some flows, but hearing any chatter that there is actually interest in notes. And I mean, right now, this is that day we ve seen in X R P uh etf floated sona h bar, right? I mean, what gets open here?

Yeah I mean, no, I mean, we're seeing obviously.

you've seen Price pick up a little bit on the authorities side, but not to the extent we have like biton some others. But I mean the demand the interest just isn't there yet for a theory. Um I think i've talked about this on the spaces before, I think is just a much similar story to say, uh, what bitcoin is and what it's delivering.

It's very simple. You can hold bitcoin, you can store IT and you can move IT or or trade IT, right? Like with the theory is the whole dev ecosystem, we can do a lot more it's a lot more complicated.

I think, uh, we we as as android just said and as I just said, there's a lot of bit vise, there's a lot of trade by people that just like don't even really understand bitcoin, went alone in trying to wrap their heads around one and theory can offer. I think the idea of cash flows and staking might be something that eventually, like I don't know how quickly will happen, I think could drive some demand there. But yeah, there there just isn't the same level of interest in demand there.

There hasn't been this fervor to get their hands on the theory, at least not yet. I'm not saying it's never gonna en, but um yeah it's it's just not there yet. Um the other thing I would say that we didn't really talk about this uh, big T S.

Are probably about at least the U S. About tps. Um I believe they have if they haven't yet, they're about to pass. Uh so toshi as uh at the estimate at one point one million bitcoins that so I had. So um I mean, no matter how you look at this space for the bitcoin E T specifically, um there are just I mean firing on all soldiers and crushing records left and right but yeah a theory um there's just less interest. I guess you could say I think .

that an opportunity personally exact ince, we now have a lawyer. I don't know if you are listening at the beginning, but we are talking about Polly market uh and the RAID by the F B I. We obviously have this sort of sentiment that the .

S C C enforcement actions .

of the civil suit for sort of disappear if something comes from the D O J R F B I at this point, you think that because of the change of the administration, those could be dropped as well as that sort of a different situation. We just didn't really get .

different legal standpoint. Normally IT would be a different situation. I think with if that gates ends up in the head of the D O J. Um I think you will see political shifts in the cases they bring.

And the question for like cases like this is how far along are they if they're already sort of filed, if they are in the court system, then it's harder for the DJ to walk them back. Uh if its early stages is still investigation, he hasn't been formally charged anything. Uh, it's easier for the D O, J to get rid of us.

Does anyone have any insight to how likely these h folks are to get approved? Or is anyone not likely to get approved? People with more knowledge of myself.

a magadan is not going to get approved unless it's a recess appointment answer. The question is, do they want to spend political capital on that? Joan fung has said he is open to a resampling txt if that's necessarily to get trumps picks across but not necessarily that they're down to just do everything through a research intent. So we'll see the the politics of IT.

I think point out I do also said that before gabbard and gates got announced to and you've seen a lot of them back pedal a bit on IT, I don't think we can be certain, but feel like IT someone like gates is insane enough that IT jeopardizes whether senate leadership is gonna want to do recess appointments or whether they have the votes to do IT.

So I mean that is that accurately take I mean gates as views on that plan?

Yeah I know no question about IT um in other millars, I think around the one you in that group with me yesterday discussing everybody was pretty shocked at that. And I think out of all the recent nominations that trans put forward, gates is the one least likely to get confirmed you know one theory that I mentioned is you he may have just nominated .

him really is a favor kind of his second yeah he .

loves the attention so he doesn't get IT. Okay, then he's out and then you will get something else. Not confirm able or i'll go back to be in congress for the city. Just got reelected to last week.

I mean, he resign. He resigned .

for the dunes. Well, yeah, he did resign, but he was just he resigned, I guess, his current term, but he last week was just reelected to to the to the uh to the seat that we do would take off as theoretically and january third. I don't know that work is actually I I saw that i'd seen and yesterday he was Scottie ans was speculating how that would work out.

So he was just reelected to the sea, but he was elected. See that starts in january third, not the current one. So it's it's quite a unique situation doing and know if you wanted way in well.

yeah, sir, i'm obviously not an american political expert, but IT appears that i'm he resigned two days early so that he wouldn't surely be subjected to the investigation that's going on with him. What's the trafficking with the trafficking issue? So because he is not i'm officially in office, then they could question whether they're going to release IT or not because not an actual member right now.

So I think that was the main issue. And i'm wondering if um you know he can really get uh no confirmed you know for that particular job because he isn't really have the represent qualifications. And in some ways, i'm wondering if I was just um you know also there's the idea of attention, um you know the sort of distract from this investigation that's going on with him, putting him in the new cycle for a different light. So also a couple of the that know you know I think that could be considered.

He is a near zero chance he gets confirmed. I think the only way that happens, the research of them .

yeah also point out if we trust polling market in culchard, they're pricing IT at like thirty five percent that he ends up as a .

turny general. Uh do in the case anyone notice by that i'm getting messages but uh, we just had a five x Spike in followers that is the box attacking spaces as much as I would love uh to the idea that are talking about market somehow uh about to twenty thousand extra people, uh yeah so that then sometimes these bite attacks crashed the spaces. So just put your heads up there if you get round that, that is likely what happened.

But we haven't write up there in the title bought attack. So I know we have a sponsor could up in a little while. But then is anything else politically here that should be on our raw or anything maybe your few days other people being floated for appointments that we haven't had announcements .

on the big one right now, everybody is awareness is treasury. That's really the last big, big tomorrow that we're waiting on. I think it's imagine that could be today, could be tomorrow and it's really boiling to two people fail Better out of south CarOlina a and then Howard london, who's now emerging.

And our opinion is more of the favorite because is the other guy best thing turns out that he had potentially sometimes the joy, sorrow. You know, I don't know the story there, but that's that's quite radioactive in the trump world. But nevertheless, there are both pro cyp to.

And that's great for us. I actually like our lodden ic. I watch that video that he did with pump a few days back. Real impressive guy. I was a great story. He um you know he's highly connected to either which is interesting um so he gets IT that would be very, very fascinated for the for our industry. So keep your right .

and treasury that should be any day now although a story as well, like there are people who definitely have a knights out for landing.

I I think you're right. I mean, there's a lot of other opponents of you're right. I'm not going to get into IT, but it's not gonna a cake walk, no question. But he seems to be attacked to the hit the mariota with trump right now and he's actively involved in the transition process. So that's not going to heard this chance yeah .

and I understand that you like giving your position. You need to be diplomatic here for people in the audience like that. I think there is a lot of wrangling over what stable coins will look like, and there are large competitors who do not see the same way. And letters seems like isn't the cross hairs of that fight right now. And that's a lot of the sort of intrigue that's going on in the grouping .

industry in D C. At the moment.

Yeah uh, but sorry, we work about the thing to get the s sponsor up so that we to that let them speak to these twenty seven thousand bots actually twenty thousand bots um but um in the meantime, anything else here as we kind of wrap up on anyone else's RAID R I mean, to dance point, the new cycle is so fast right now, so much happening and so much in this transition that hard to even keep up.

I haven't, even while we've been on the show, bothered to look at the Price of bickering. IT had once again made to move to the upside. And then I saw that there was kind of a drive.

No, here we heard eight, eight thousand, uh, flat, pretty big drop. I think I was up at ninety one, ninety two thousand h two hours ago. So a lot of volatility here I would say that is original title was how much open interest there was ambient. You can expect that every time you have that of open interest, they are going to see these flush hes in both directions right out. Yeah.

I can have equation for this. Like dan or whoever else feels like they have a really good read on senate republican politics. I'm curious what you guys think about what the selection of june as majority leader versus corner are, especially Scott says about like the central republican's attitude, lords trump and how what there's think publicly verses what they're thinking. travail.

I think IT says a lot. I mean, trump came out strongly for Scott. Elon came out strongly for Scott. They did this through a secret ballot in the senate pic phone, which I think says that know there are republican senators who feel like all things equal, they would be a check on trump, but they are unwilling to do basically yeah.

I prey matic ally, exactly exact said I think IT was just a chance for the senate also to just flex their check on baLance. Your baLanced power, the senate has your confirmation power um a lot of them did obviously support from publicly but the senator club right and they they're going to want to go with know who they think the best leader and through into very pragmatic guy again, his great fund raisers I mentioned, I don't think he's going to be Better, really bad for our industry. Um all three that would have to fined this rick got second attempt. You know he tried to do IT against in two years ago and failed really bad so I don't know how much powers will have in this senate but then seems to be now the the new .

mechano yeah I rick dot has no business being sent. A majority leader, as i've say, that as a floridan whose tractors career for a very long time through perpetrate in the largest health care fraudful in history to be in the least popular government, the history of florida, and just fAiling his way forward, somehow, literally at a twenty six percent approval rating in fda governor and somehow became our senator to pretty incredible what money can do in politics. I think a so ah our concern want to make sure we get you want to go ahead and a chat with .

v yeah for sure just to make sure that uh, davy bet is good to go and can speak despite this boat attack davy bet, why not you do just a little bit of an an intro to kind of warm people up about what divy bet is and what you guys are working on yeah .

absolutely so well, you know, first of all, thank you guys. Have me on the space. Really, really love the conversation that's going going on right now.

Uh, especially you know what everything happened in the U S. right. So, uh, thank you for that often and and thank you for the conversation here. Hey, you guys, hear me OK. Yeah.

you're great. Are right.

Perfect, perfect. Uh, so what that opportunity love to kind of, you know let you guys know what we're building here and and and how, uh, you know we plan on kind of growing in the future. Uh so to start off, uh David bt mobi R A A lot of power sport protocol that we have used block ting tech logic to really eliminate all the traditional barriers of access， right?

Um so those of the here who are defi users and been at the court to space for a while now, that you know a lot of times the user experience is actually Better than the web two counterparts, right? So for us, what we've been able to do is actually build sports betting on chain. Now we've allow people to wage IT directly with their wallets without having to sign up or actually deposit uh for every civil birthday place and uh you know what? The way we're built in structure by utilizing smart contracts are really govern and manage the entire bookmaking process.

Every thing is I should made or guarantee payout ts and instant direct settlement. Uh and you know the biggest render between us and every other caso sports book out there is that we actually have a dey base model at the core of our product. And you know we use that to really disrupt the the caso model by adding the development and allow anyone to be the house.

I love that. I mean, it's uh it's definitely a Better in a unique spin based on competitors in the market. Uh, for for those was listening like if you're using roll bit or anything like that, they kind of tell themselves as a cypher betting platform, but depositing and and from what you're saying, David IT sounds like you guys you're kind of using a smart contract factory where each new market is the news that a smart contracts and you can bet directly in your your wallet and get a pay out immediately without signing up. Would that be correct for more of a technical same point?

Yes, a hundred percent right. Every single time you place a bet it's locked in as grow against up um our house pools right to grantee that you get paid the event that you went right um and but you lize you know smart contracts there we have should get rid of once again the process to have to deposit before you wage and even they withdraw processes well where since went you get the money directly banging your all the without you ever having .

to visit the problem and ah how does that kind of compared to something like Polly market? I know that the panel is here. We're kind of talking about Polly market A A little bit earlier and just seemingly that the market is all the U S.

Market is is hoping that they would ban U S. Users from being able to participate certain markets there. Um in this way that you guys have kind of architected this. How does that differ from Polly market? And a may be talk a little bit about that.

yes. So you know structurally and an architectural al is actually pretty similar in terms of using utilizing smart contracts and set of wages. And I actually be able to tell, uh, take wages and actually show all the bets on chain and and you a complete transparent.

So we're very, very similar in data aspect technically, uh, but you know the business model would be different, right? They are a prediction market, uh, which you know we've seen throughout the years, uh, you know really, really get popular during the election cycle, as you can see in the past cycle h by the end of you know polymer ks spent around for quite a bit of time now, right. And and they add a similar um you know uh a hit a popularity during the last cycle as well. So for us, you know the make difference there is we're more focus on the sports spending, sadder things, right, where you will come in Better on your favorite teams and what not and and and be able to do this in a completely on chain banner.

In my my understanding is you guys launched a relatively recently, what when did you guys exactly launched and how did that all go?

Yeah so we actually launched the main uh, over a year and a half ago, back in march twenty twenty three. So during the deep bear cycle of those you remember um so yeah building in the bears definitely you know come up a lot of a you know hurdles and and and and obstacles that we got through. But yes, you know, we're been around for over year and a half now generate over you know twelve million dollars in wages since then.

And and we been seen A A pretty nice of taking growth uh, in twenty twenty four. As you know, the market is starting to change and expect that to grow a lot more. As you know, we entered the true both ycl, as I like to uh I say .

IT and and it's all driven by the D V, Y token. How does that fit into the model? What what do people do with .

your so you know what the devi tokens, it's our native token of the platform, right? Uh you know in a lot of one two sports spokeshave see alone use marketing tactics like uh you know matching your deposit up to certain amount and giving you you boost IT out and free bets like that right? Uh, so we are borne that model and it's it's a way for us to really attract additional users.

Are our platform right where you know day wagon R N any of the tokens that we support, it'll be uh alleged film to earn these D V token. So those you that are I having a device space for a while, it's a similar to uh, yell farming, right? That was kind of the big thing back in the last ball run down.

So we're kind of bring that back with your farming, and we actually have current promotion on to to to get you know this is gonna form where their first wager made in divi tokens, uh, will be no sweat, right? Meaning that if you lose, what will refund you are the wager up to five thousand fifty token. So a, you know, nice way for people kind of come on h, try our system, see how we really different from the competitors, uh, with no rist of them.

cool. Now I I definitely encourage people who are listening into. I was just on your website. If you cook on the the D, V profile and go to the website, which is the link is in the bio there, you can see the the offer there right at the the top of their website. Um but you talk about that current campaign that's going on right now. What what else do you guys have coming up? Maybe talk a little bit about not only just campaigns, but you're you're upcoming road map to improve the product for users.

I absolutely. So right now, you know the the product we have now, what ever call you know still kind of in the stage right where more proof concept that we can actually bring betting on chain and we've been able to achieve that, uh with match uh but than also part lazed as well. Uh so twenty twenty five, we're looking into really add additional markets, right?

So you know, the player props, daily fantasy sports things that I need you to really are be able to compete with the full flight solution of life sports books out there. On top of that, you know, you know, continue to to build utility behind the retaking so that you will have more reasons to spend the user with them up perform. One of the things are we coming out soon is are staking, uh, where you know you've able to stick your token and and actually, uh you know over two hundred percent and D V tokens, if you do all the daily activities and quest that we have set out. And lately, we're also gonna put in ructions element to IT, where will be diverting and contributing one hundred percent of five foundation shares. H two people that stake, right, so that give them, you know, not only do you form an aspect, but also the passive income aspect as well .

as you utilize their 这边 awesome。 I think a lot of people in web three are a relatively bullish ed just on the the nature that hey online with three sports books can can really be an on rap for for users. I mean, I I even had a friend who had a personal experience during the last election where of course, the winner was was not actually chosen for a few months after.

And they IT took the months and months actually get paid out from betting on bite in using essential zed sports book. So I think a lot of people are fairly bullishness on uh, web three sports spelling platforms, being a really great on boarding tool to bring more people into the industry and a kind of expand the pie. We talk a lot about that on shows like this, but what are your personal outlooks on that expanding the pie element and uh, the outlook of of more users coming to web three for sports bedding? Is that something you guys alive deeply?

Yes, absolutely.

And that's actually one of the main reasons why we decided to to build this, right? Uh, when you kind of go back a little bit, you know, and kind of look at look at the history of the cypher currency, bitcoin particular, really one of the first mass adoption in the first use cases were for gambling, right? You know, I talked a lot of people that know they remember the days when you know they were using bitcoin to play poker, right? You know, bet in one or two P, T, C, and and stuff like that.

Obviously, at that point in time, IT was a worth much right. Uh but what that done for the industry is actually opening up for a lot of other you know users to be able to to to get on the sports spoke to make the wages that they like uh, without going you know across the traditional bank banking system, which a lot times would be extremely expensive or or or you know delay like like you said with their experiences that your friend had. Ah so I believe like honesty, would that be the first wave of massage 1 by these gambling ers？

You know I don't think we be all here talking about, you know the policies that are coming, right? So I do you think that, that was the first injection. So for us, it's really an evolution, you know, of the technology in the space right by you lian crypt u were taking betting to the next level, putting them on chain and truly giving everyone a Better experience.

Uh, that's also a primary reason why we decided to build on slam. I know there are a lot of talks about even the dominance that theyve had read and being, you know number two, with the coin market cap and what not obviously gives that it's it's uh it's you know a number tape but at D N A, right? We want to position our as the consumer application to support that continue mass adoption.

And or do that, we believe that you need to have you know a good user experience where one that rivals whatever you see web to. Um so you know what building on salona people can actually see that rh transaction to process with you know couple of seconds and you can kind of track all that stuff functions as well. So with the upcoming you know borrow in the adoption every single cycle, A, B, C, the number while it's grow by you know uh to the tempo depending on what cycle you're on, right? So we expect you know that number ahead. Uh over five million, hopefully a billion users by the time that that you know when when the bill this ball IT you know we want to position ourselves to be there to be able to capture the percentage that pie as a comment.

yeah, I had a similar experience. What was my own network of of just poker friends and that's why a lot of them got in a bit coin was from what you said. But but also just people in different countries around the world, like people with using different currencies and kind of having that oh my moment of all, we can settle everything in in bitcoin and everyone's on A A similar playing field.

But I I was also using a online sports betting platform of a few years ago was built on polygon. And uh one thing that caused me to stop using IT was just the liquidity um of the betting and and the this particular platform was very much so A P V P setting system. So if you wanted to take one side of a wager, you had to have someone market make the other side of the wager. So are you guys setting lines or is everything p to p within the platform?

So you know the p to p model with actually is more similar how Polly market does IT with a predictions market right away like a lot. The odds are decided, uh, by the betting volume. And you know when you look at the desensitization betting， that is the most poor way to do IT for us.

We actually source our lines from, you know some of the biggest bookmakers out there. You know there's the draft kings, uh, pinna provides of the world that we get our odds from. And then in our back, we then look at the you know source the best ones that that we want to give our clients um and then we put them on G V A smart contracts from there.

So um you know we do realize that one of the major issues of P V P rave there isn't enough money on one side. You're not onna be able to make that you want. Uh so that's why with our house school model it's more like an A M A M M model right where as longer enough liquidity and there and within the limits that we ve set on per that you can actually go and make that way you you know without having to worry about whether there's liquidity on the other side or not.

That's awesome. I mean, I think that that that was the big issue for me during the last cycle of using some of these online force books is that, look, if you wanted to do a wager anywhere above one hundred dollars, that there may not be liquidity at a line that would be fair compared to traditional book. So I I think that's smart.

Um so with traditional sports book users like like say somebody is you mentioned draft kings using draft kings. What's the plan that kind of a track those users to start using a decentralized web three model? Like like what's the pitch to them as to why they should move away from a product like that to something like divi?

Yeah you know the number one thing has shown them the ease of use. So i'd be able to like really display you know how easy IT is for us for you guys to connect on our uh our sports book. And I should be able to you know get your button in record time. Very kind of shown them. You know did the hurdles are the by being on on crypto also you know with the um advancement of a lot of wallets that you seen, right a lot of wallets now you can support you know buying uh cypher directly uh from those wallets if you connect your rambo, your pet car, thanks to that nature. And one of our plans, as we are talking to some of these on rams as well, where you know we're looking to perhaps provide a promotion where you know IT will be the first export dollars will be uh, you know with zero fees as long they come and use IT on our on our sports spending protocol, right say you know promotions like that, the number one get more users and also water adoption as well as more and more people become interested.

Are the majority the markets the uh so these markets or like celera abase markets, usdt or they in h the native D V token.

So we actually support uh seven different markets right now. There's a sold stables, U S D C. U S D C, our own tokens, jupiter and warm hole as well. And you know what do you think you know the future return to open up when anyone can actually open up their own pool, right? Similar how a lot of dexters work. Um and then you know that point any token or any project, whether many coins or or any other, you know I ones are too. They come and actually create on poor and now people can start betting in with their tokens um you know immediately given their token additional utility with that as well.

Wonderful as we we wrap up here just at the top of the hour, is anything that uh would be called the action for any listeners perhaps like you're ongoing promotion and how they can sign up and get involved.

Yeah absolutely. So you know the beauty about our platforms that there is no sign of, right? Know you don't have to provide us with any of your sense information, right? All yet to do is go connect your wallet and you're good to go. Um so yeah just a rate to the current promotion we do have.

Um you know your first bet made and devi tokens will be uh you know offered you guys best free, right? So if you will come and lose, you'll get up to five thousand v token cent directly back to you within twenty four hours. So like I said, the way for people to come and explore and and see you know what true web three bedding looks like and you know get people ready for div staking rewards which will be coming out in a week or two. Um so yeah yeah make sure to come check out um and and let me know .

what you think wonderful. There's a couple big N F L games this weekend. So if anyone's listening in and on, sure that's A A pretty good way to have a no sweat bet.

So first thing I watch the chief bill, so maybe it's gonna a good game. But uh D V, I appreciate you are joining us and and for the A M A. And uh thank you to uh to everyone who came. So thanks, Scott, for for hosting this. I thought I was a great conversation.

Happy thursday, everybody. Guys, thanks for us for japan. Guys, yeah, we will be back tomorrow.

Obviously different time. Looking forward to IT take to lar guest. See you guys smart. Thanks by.