cover of episode 🚨BIG CRYPTO NEWS! GARY GENSER RESIGNING SOON? XRP PUMP & SEC SUED BY US STATES!

🚨BIG CRYPTO NEWS! GARY GENSER RESIGNING SOON? XRP PUMP & SEC SUED BY US STATES!

2024/11/15
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Thinking Crypto News & Interviews

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Gary Gensler hints at resignation, and 18 U.S. states sue the SEC over cryptocurrency regulation enforcement. Bitcoin experiences a pullback, and the Fed's potential money printing is discussed.
  • Gary Gensler hints at resignation.
  • 18 U.S. states sue the SEC over cryptocurrency regulation enforcement.
  • Bitcoin experiences a pullback, expected to build support levels.
  • Fed Chair Powell hints at potential money printing.

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You won't believe this news. Gary cancer released statements hinting towards his resignation, or should the exact details of what he had to say. As eighteen U. S, states are suing the S, C C over how they crypto and X R P is breaking out on the charge as liquidity flows to the all coin market and the state pensylvania has introduced a bitcoin strategic preserve bill, this is huge. Let's get into IT.

Hey, everybody, welcome into the thinking crypto podcast, your home for crypto o currency news and interviews on your host tony award on your way in place that bass ribe button as well as a thumbs up button and leave a comment below if you're listening on a podcast platform such as spotify, apple, please leave a rating and review folks, let's start with bitcoin because we are seeing a bit of pull back. This is what we ve been talking about on this podcast and channel for days now that a healthy pullback would be necessary for bitcoin to continue to one hundred thousand dollars plus IT cannot keep going up in a parabolic move without cool downs along the way to build support levels. So we were expecting this, right? Guys, if you ve been following and listening to what i've been saying, if you've been reading my news letter, then you have would have been expecting this guys.

And i'm a bit relief because I want to see higher Prices. And in order to get there, we need cool down in the building a support level. So very good sign and some catalysts that are going to help drive vico in higher is the money printing.

We on this podcast have been talking about the fed moving from quantitative tightening towards pottage easing. We talked about the ray pauses the rate cuts in an eventual money printing. Look at what fed chairs don power had to say today.

In the case of a financial stability event, the fed can use emergency tools. Spent hundred, one of the biggest traders out there, he said, translated, this equals will print like hell again. They are going to continue to print money.

Guys, this is the fiat currency system we live in, and this is why we have to position ourselves and assets like critical stocks realized. And so fort, but as paul toter Jones said, crypt u big win. Cyp dos, the fastest horse in the race.

Nothing moves like IT. No other asset class gives you returns like this guys, especially in a short period time and any very cyclical manner. Now speaking of the fed, look who is capital? Neal, cash Carry mister a weekend print unlimited money forever.

Whenever we want to remember his famous sixty minutes interview. Well, look at this. This guy has been a big time critic of crypto o and big coin.

Senior federal reserve official who blasted bitcoin now says he'll have an open mind. Uh, mini apple is federal reserve president neil cagr, who previously called the cyp du industry worthless and nonsense. So isn't an uber ball, though.

So he started to slowly capital. They will all bend the need. They will all get educated. But in my opinion, I think this guy knows what this is. He's not stupid.

I think many of these spoke now, but often time their position themselves with the big wall street folks to say negative things so that retail doesn't come in at the wrong time. Wall street has the position itself. Then they changed the arrays on retail.

Retail comes in. Retail buy some them. And wall street makes their fees and their money.

That's why I believe Jimmy diamond for years was spreading thought about bitcoin and crypto. Uh, even Larry think, right, Larry, think back into two thousand big coins. And in the index of money launder ing.

Uh, it's only used for bad stuff first. Four years later, they launch in etf. Now he goes on T, V, as it's the best thing ever, right?

That's the game. But if you understand these folks, you are on decide to smart money. You are financially educated.

You're not following the narrative for the heard. You are following the movements. You're watching what do not what they say.

You're watching what the smart money does. So that's very important. Now here's some very incredibly bullish news. And Dennis porter of a satoshi act fund h is definitely behind this.

Pensive in your house introduces a bill to implement a strategic big coin reserve folks, uh, bitcoin will be held by central banks. IT may not happen this cycle. IT may happen in future cycles.

But in in the event that IT does happen this cycle, you know what that's going to do to the Price? Uh, there will be formal worldwide if the united states is doing this. And uh, these things have to make their way through the legislative process and all that right.

But guys, the united states already owns two over two hundred thousand bitcoin, which they sees. What we could see happen is that they don't necessarily go out and buy. They just hold what they have and maybe there's a plan to add back over time.

But I could start with simply, I just keep the big when we have no more selling, and I think that would be very bullish. Now check this out, guys. Uh, jane saved the bloom reporting that U S.

Spot biton etf now on and estimated one point zero seven million bitcoin as a group. They're likely to pass the total estimated holdings of approximate one point one million bitcoin in the next few days or weeks. Do you see what's happening? folks?

This is so bullish and blackrock is seeing, uh, the lion share of the inflows. And I think it's so what did they? Over thirty billion dollars.

Now it's mind blowing. And this is all the etf records out of the water, all the trade five E, T, S, all the gold E T F, and much more guys. 啊, incredibly bullish, right?

This is the fact. This is the data of their buying. While the majority of the population are not paying attention, they silpa in big ecrite pt as a scm. They're not financially educated.

They haven't taken the time to read a about this technology and city application, but this is the tale as old time, right? And this is why counter self lucky, if you are here early, positioning yourself, buying in the bear markets and so forth, you are on the side of smart money. Now we can to talk X R P.

X R P is ripping in currently over eighty two cents. We've been tracking to break out on the charge, right? I've been tell you guys in multiple light streams what's been going on.

And as i've been telling you guys, the liquidity cycles through the market, right? Notice that big one, cool down. A theme, cool down and pull back a salona, cool down.

But X, R, P running dosh coin, cool down as well. The point is liquidity flow to the markets. So I hope you are learning something here for those of you who are new and that you have to be patient.

These all coins are waking up. I told you guys that, uh, the movie we offer cardono pumping those as well. We're going to see for X, R people, we have to be patient, the liquidity cycle through the market.

So I hope guys that is resonating and that you are paying attention to the charge and you're seeing and you're learning. And my goal is to hell, spread the knowledge that i've learn, guys. I had to go through this process and I want to share that knowledge so you guys can learn how to navigate the markets and how to make a great return on your investment.

So very good. X R P running has a lot of people, uh, very bullish. Now here's what, uh, crypt wiz great endless had to say X R P about to fly.

He, as the fun has started, X R P broke above sixty five cents. As called X R P is now teasing the last obstacles. Seventy three cents.

Once IT breaks above, there is no resistance to ninety cents. So looks like these things gone to move to ninety cents. And remember, the bull market works in phases, so it'll move up to ninety cents.

IT will cool down, pull back, right? Build the support levels, just like big ones doing, just like edms doing, and then find the support and then keep moving up. But remember phases and remember the liquidity these cycles through the market.

So you have to be patient. Uh, just because you're seeing another token run doesn't mean you're tokens I got run is just every dog has its day, so to speak, in this market. Um but very bullish ed and a lot of people are waking up to this move then tap ero macro investor.

I've had him on the podcast a couple times. He is invest in crypto. He's not some X R P M guy but even he is recognizing, he says, could X R P go back to its highs?

Now, this is a forty billion dollar acid today, bread golden house plugged into dc. And now elon must mention IT. I've never understood the business level, but forty billion is a big number.

And IT survived despite everyone attacking IT survivors have value. Hash tag X R P if you don't know who, then happy ero is good research. This guy has been investing before craped.

He's a hetch fun guys, right? He's like, well, power, mike, november, ts and iron to and all these guys and uh, he has a huge crypto funds. I'm talking huge millions and millions of dollars and multiple funds.

So this is no Joshua, random guy on the internet. This is a big time investor. Now, M.

M. Crypto, Chris, we know this guy has multimillion dollar trades. He shows IT on his channel.

I had him on a last month talking about the markets. He just bought two million dollars in X R P. He has an open trade. He does the rivaw ves. He's not really a spot investor.

But the fact that he's putting money into uh, his the strating betting on the Price of X R P going higher, that's a sign once again he's not some X R P community X R P army guy. So I say that because people may say all you're bias are these people are bias. They're not their investors looking to make money and they reach charts, not feelings or emotions, not a religious fundamentalism magazine, nonsense garbage.

They simply look at charts and look at hard to make money. So um i'm sharing this to highlight that the people who study charts and analysis are paying attention in A C something bullish on this chart. Now guys with X R, P, we are seeing a lot of t being filed for X R P and other all coining.

And here, the new york stock exchange article files for one thousand nine b dash for to up less bit wise. Top ten crypto o index fn as an etf IT currently has one point three billion dollars in assets. What's included in that index? Bitcoin ithome X R P cardono avh or a bax bitcoin cash chain link and poke IT out in unswathed.

So this is a very bullish gray scale, is also doing the same thing. I had to interview they had a research at grey scale just about a week ago. Check that interview.

I'm interviewing mat hogan a bit wise, uh, tomorrow. So i'll get you guide the details about their X R P specific body, T, F and this index. fine. So guys, I hope you see what's happening here.

The growing your business can mean big time logistical questions like how are we going to keep up with all these local deliveries? Let uber direct offer you a helping hand with uber direct. You take orders on your website, APP or by phone, then drivers who are part of uber career network pick them up from your store and deliver them to your customers doorstep.

Some simple right uber direct helps you give your customers what they want when they want to offer them delivery options in under two hours on the same day or scheduled up to thirty days in advance, plus share, real time tracking and E, T, S by text. You can keep growing your business at a Price that works for you. Never pay commission or hidden charges, just pay a fixed fee per delivery. Delivery just got Better with uber direct. Learn more at uber direct dot com.

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is waking up to all kinds, are going to run this bowl market. And even the next says, who are saying, exr, he is dead. Clearly, the institutional investors see the value.

That is why grey scale, we launch their X R P trust. That is why canary funds has fell from X R P body. T, F.

Now, don't get me wrong, they felt for other aucoin. This is why we diversify, right? So I hold the theme.

I hold salona, I hold cardono. I hope I I hope chain link. So i'm diversified. I believe these all coins will run and the best is yet to come in this bull market folks.

Now quick word from our response or and that is bit go, which is one of the top tier crypto custodians and the crypto market. They're headed up by mike belsher, who's a web one point o and two point of legend. Big goal has been through the ebl and bear markets and much more.

They have many different services, wallet services and many big brands use bitt goal such as bit stamp exchange swe the projects we pentel capital does then more head twenty one shares. They are an etf issue because in any term, uh etf. So bit go uh offers a variety services like I said, like wallet services, prime services um and a lot of different things folks.

They have a self hosted retail wallet that you can use. You can check them out and once again, very trusted uh insurance, the highest level, great security and much more. In fact, nike uses bit goes wallet services for their nt.

So check out bit, go go a bit, go dot com. Or guys, let's talk cum bag regulator gary cancer. We know he's out and everybody's waiting for his resignation letter.

Well, he kind of tease this a bit today are here. Gary genser released a statement today suggesting he may be leaving the S E C. So this is fascinating um and here already a except of IT is just part of his statement.

Before I close, I want to say something about the S C. N, its staff. It's a remarkable agency. The staff and commission are deeply mission driven focus blob baba blood, and he said, great honor to serve with them doing the people's work and ensuring that our capital markets remain the best in the world. He said some other things too but people are like with me this is a hint um that he seems like he's added here here might see like.

As S, C, C, chair gary cancer suggest, his departure from the agency may be imminent in remarking today that it's been a great honor to serve whether against the departs are not president trump l, does he made a new chair or acting chair on january twenty? Now those an error in reporting by reuters, uh, highlighting that j. Cline, maybe the replacement for gary gather that had a lot of people upset, of course, but IT was actually jack laden is being picked for U.

S. atterley. At the S. D. N, Y, so is being picked by trump for that, not as a replacement for the S. C, C. Chair position.

So look, cancer, I don't think he wants to go against trump and all the political fallout that's already happening with the democrats. I think we're going to see his resignation letter very soon. And I think the markets are going to rip it's going to rip guys. Or you may have already started pricing that.

And I don't know, but I think that there's gonna a lot of euphoria because we have seen people of all across crypto, even bitcoin, maxes and stuff like that, that one against them out because, uh, you saw to fight, he put up a grey scale to block the big yesterday. I know we like he's he's gna block everything because that's what he's being told to do. So his wall street bodies, his golden sex bodies, can catch up, right? But guys can is out.

And I think the markets are going to go bunkers and look at this guys. Chris, john, carlo, i've had on the pockets like five times, and I am sure to have him on soon he just destroy gary cancer and twitter. Remember he is the former C, F, T, C chairman.

He took over from gary cancer. And remember gary cancer, when he was there at the C, F, T, C, made a big mess. Go look at M, F, global and all these things, Chris says.

As for the reports that i'm in the mixed to run the S, C, C, I made IT clear that i've already cleaned up earlier, gary, against her mess at the C, F, T, C, and don't want to have to do IT again. D, C, rumors that i'm interested in some clipt role at the U. S.

Treasury are wrong. So Chris saying, hey, I I don't really want to be the S, C, C. Chair because his name was being thrown around and even at the U.

S. treasure. But he clearly said he doesn't want to clean up the mass.

Gary, against me again. wow. wow. This is from a former C, F, D, C.

chairman. He's putting IT out on twitter. Guys, everybody hates cancer. Cancer is a sunbaked.

That's why being calling this guy bag regulator for years, because I saw that, I saw the moves. He was not acting in good faith. He was just lie.

And you look at what he was saying before he got to the C, C. You can build uber and algan, uh you know indium and X R P and ripple. They will need clarity for the S, C, C, because the rules are inclined.

He was seeing M, I, T. Its own video. Then he goes to the sec.

And what happens? He aligns with a lizbeth and tried flying. Combine with the agenda of kill, descript startups so that we can catch up.

Because i've often told you guys about the two things that are happening in parallel. On one hand, uh, coin base, all these companies getting lost. These notices.

Well, a black rock shows up. Give me my E, T, F for big in any theme. I'm the toga ized any theme.

And in the rest of wall street, follow. right? How can these two things be happening at the same time? Clear day, right? Well, street, your fun.

You guys, you're fun. You caught up. Come on in. Oh, h, these critter startups. N, F, T, donor cat.

I'm going to go after these guys and give a lossy right? Typical stuff. So, uh, this this is the combat activity we ve been dealing with now.

Guys, look at this. Eighteen U. S, states have failed to sue S, C, C.

And its commissioners, accusing them of unconstitional, tional, overrate and unfair persecution of the crypto al industry under the leadership of agency chief gary cancer. Wow, you got to be doing something wrong. If eighteen U.

S. States is showing you, this is an embarrassment. This is a stain. Look at where the S. C, C. Has fAllen in two guys and it's what i've been saying for years. They become rotten at their core if this is pathetic.

So the lawsuit, signed by eighteen republican attorney generals, details how the agency has committed growth government overage with its regulation by enforcement crusade against the three trillion dollar industry, resulting in an infringement upon states rights to regulate their economies. Wow, again. So i've gotta get out there, men, because you see what's happening, right?

The industry and different folks are gonna pile on. They know gangers in a weak spot because he is out and, uh, the political downfall. So he has no way to fight back.

Lizabeth ns anti crp t army is done. It's finish. Shade Brown is got right. So he and get in a lizbeth warn or stuck on an island by themselves. How is he going to fight back?

So a lot of people are going to piped on and they going to start kicking him and all right, figuratively now that now you literally, you hope you guys understand. So he brought this on himself though he brought this on himself with his unlawful activities. And more here, even senator bill hagerty, uh, who's a poker to champion, uh, introducing various bills requited this new thing.

It's unfortunate that he came to this point, but i'm glad to see states including tennessee taking a stand against gary geers entire yp to agenda. Gary, pack your bags. Get out of man.

Save yourself from further embarrassment. Just go hide. If I was gary, I would be packing, running out the S.

C, C. And i'll go, uh, on a vacation for a whole year. Get out the country. Go on an island somewhere.

You know, gary is a rich guy, right? So, uh, he's just get away, go go back under your rock, man so no one hears or see you because, uh, the fall oud is gonna ue to follow you if you if you try to stay there, oh my gosh, cancer will be, uh, I don't think he's that dumb, uh, but he would be in for IT here ripples to at all the rody. Uh, wait.

He said, gary, cancer is institutional damage to the S. C. C. Runs deep. His legacy of undermining american innovation and fAiling to uphold the law is shameful.

With eighteen states swing to hold him accountable, I look forward to him becoming an unfortunate footnote in S. A, C. history.

wow. So gary is getting destroyed by a politicians, former regulators and many industry leaders. And well, deserve right? Uh, like I said, the guys has come back regulator, but uh, it's over for him.

Crypto IT has a bright future here in united states. We got the first program to president. We have a proper to congress, which I think is even more important than a proper president because you need legislation to get through congress.

They make the laws right and it's hard to get build to the senate. So the fact that we have more programs to people in the senate and the house now is very buoyant. And well, I think we're.

c. Stable coin and market structure uh, make a food. The senate, and of course go to the president's desk will be an easy sign for trump. So I am hugely bullish. Ed going into twenty twenty five, uh, expecting to get very euphoric.

Remember, have a plan, know which Price points are taking profits, that because this thing can run fast, guys, you see exergy y breaking, you see what big coins doing. IT will continue moving in phases. So remember, you have to control your emotions, because you will seem like you won't stop, but have that plan.

Guys, folks, that's the news. Let me know you think. Leave your thoughts and comments below. Hit the thugs up button. guys.

A great way you can support me is by subscribing to my free email loses its on subset, one hundred percent free linking description also grab a copy, my book rethinking crypt s available on amazon and paper back in digital. Guys, I if you bought a copy, you ready, leave a rating and review box. Get a couple copies for your friends and family for these holidays.

Help them to learn about the market. As the bull market continues, don't let them get react right. This book covers advice on how to invest.

Uh, what the hell happened with F, T, X and crypto s past, present and future? So give them the full picture. What's h happening here? So check IT out guys linking the description.

Thank you so much. I appreciate you. Thank you for your support, and i'll talk to you guys later.

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