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Donald trump is in talks with the crypto industry to find a crypt deal policy director. Further, White house IT would be the first of its kind, and bitcoin hit ninety five thousand dollars today. What's next? And the salona phantom wallet has moved up in the up ranking, signaling more bull market vives. Let's get into IT.
Hi everybody, welcomed to a thinking crypt to podcast your home for gypt o currency news and interviews on your host's y award on your way in please that bass ribe button as well that thugs up button and leave a comment below if you're listening on a podcast platform such a spotify apple, please leave a five star rating and review box today bit in hit ninety five thousand dollars. IT broke through ninety four and touch ninety five, but right now IT cooled off a bit. IT is at ninety four thousand three hundred and five dollars.
We are so close to one hundred thousand men, it's so close. But we know it's gonna en. And I have a pieces.
The bitcoin whales wanted push bitcoin to one hundred cape buy thanksgiving. So that thanksgiving dinner will be about bitcoin and crypto. And that will kick off a lot of retail formal guys.
I think that's the plan. But i'm sure many of you agree with me that the whales who played the markets are gonna look to do that. Uh, but IT is so close, guys, so close.
We have cross the Price point of where this thing the next trajectory is one hundred, right? It's not like we're back down at A D K. And it's like go see because gets to a hundred k by december.
No, we are so close and we've passed the significant Price point of ninety one thousand five hundred. So one hundred thousand is incoming guys is is so close. And one of the things we continue to see is tether continues to mt usdt like razi today.
They maintain another billion U S A T. Over the past four to five days. They've maintain four billion in usdt circle has maintain a few hundred million of U. S.
D. C. So why is this important? That's liquidity. That's stable.
Liquidity will go into the market, big coin and all coins. So expect the pump to continue. We look at charge. We look at the macro, we look at the fundamentals, we look at the stable coin supply. We want to look at the market from all angles to make sure we understand what's happening folks.
Now another signal of the bull market vives and retail returning crypto wallet phantom out ranks WhatsApp and instagram among the top three iphone. That's a signal, folks. If you are out ranking what's happened? Instagram, you're getting a lot of downloads.
So phantom is, of course, the salona wallet. There's a lot of means on salona that, that means a lot of retail people are getting involved and they're downloading this APP. So very, very bullish.
And remember, we are the early adopters. We are on the side of smart money. We bought the dips, we bought the bear market bottom, we dollar cost averaging, and we're looking to sell you for a blow of top to make significant gains.
We don't come with the heart into the dun money crack. We are the contrarians, which is a minority group of people who are financially educated, buying depth, buying the bottoms and so forth. Right guys? So, uh, very, very exciting.
What's coming next? Now here's the big news of the day Donald trump's team is considering creating the first ever White house crept go roll. This is being reported by bloomberg.
Here is, uh, some other details. Uh, I can give you everything because bloomberg wants you to pay, which is annoying. So the president Alice team is vetting candidates for the job.
Crypto industry executive spoke with trumpet this week. I reported to you guys that a trump is meeting with coin by C. E.
O. Brian and armstrong. So he's talking to different people in the industry to pick the right candidates that so bullish guys. And we know he's going to a put a procris pto S C C chair.
And there's even talks of brian Brooks being the ahead of the other treasury secretary, and we know brian absolutely understands crypt up. So trump's team is vetting candidates to serve in such a role, the people said. If created, IT would be the first ever crypto specific White house and would underscore the influence the nason industry stands to wheel in the incoming administration.
It's unclear whether there will be a senior White house staff position or cricket s are, so we don't have all the details, but we know this thing is in motion and nothing stopping the train folks from the process. Pto, the congress that's coming in is the most programme ever and we got some legislation that is about to make you its way through the senate uh, the bull markets heating up. Bitcoin strategic reserve bill is on the table.
So many great things are here. Guys are gary games is gonna be kicked out. So, uh, i'm excited.
This is so bullish. I mean, we are seeing just incredibly bullish news coming out every day. Now Charles husk and son has been going around meeting with different stakeholders in D, C. If you recall, he told us about this in a life stream, uh, just last week that he would be going to D, C, meeting with the trump administration and different folks to talk to them about crypto b.
So he added some counting news, he said, with respect to the idea of a crypto zr at the White house, I feel the role needs to be filled with someone whose neutral works with all the protocols and has a deep understanding of why cyp to is special, as well as that the united states government biden has done wrong. There is only one candidate that I think stands out in our industry for this role. And that's a brian armstrong.
wow. Uh, the C. E. Of court base. He says coin base has grown into one of the pillars of crapo and has had to endure the unfair tactics of a government committed to regulation, to enforcement. I know he would build a broad tent, coal lian, to bring the industry together and help us get the government rally behind real action, including passing new laws, for my part, are having worked with the legislature branch. And while aiming to get three one cricket laws pass.
I'm focusing a ton of my efforts on the house and the senate to help facilitate the legislative effort that will forever remove the abuses of the current federal government and open the flood gates for the legacy world to enter. Crypt ou now he continues, is a very long thread. So I don't want to read everything free guys, but that's the just of what he's saying.
He even posted some photos of him with some representatives in washington, D. C. As you can see here, he posted he had dinner with senator tim Scott, who we know is procreate doo.
He knows about IT. His been talking about IT and he's, of course, gonna be one of the top folks in the senate. And uh, that's very bullish crypto o so guys, things are moving in the right direction.
I love with him seeing also Charles has been doing a good job meeting with different protocols and companies like rip and others looking to help build bridges with uh, cardono. So I appreciate what Charles is doing here. Really, really great stuff.
And I think it's important for Charles to do this because here's something i'm worried about and I spoken to, uh, different folks off the record about in D. C. We don't want a big coin magazine to be taking some of these roles.
That would be very bad for the entire market if you get a bitcoin, hard core bitcoin, Maxine, there you know what they are gonna do, right folks so i'm glad changes doing this. I'm glad the folks a rip or meeting with with trump and much more and other industry leaders, uh brian armstrong of coin days because they see the full market. They understand the need for different block chains and web three and how all that works.
So we have to watch out. We don't want any bitcoin maxims going in their day. You know what they're going to do, folks.
So this is a very smart move by trials. Now here's some interesting news coming out of the S, C C checks in the mail. S, C, C, to partially reimburse story in online advertising.
Blockchain, start a bit clave. I ve never heard a bit claim, but essentially they did an I C O back in twenty seventeen. They raised over twenty five million dollars.
And D S, C, C is distributed ing. Millions of dollars, I think around twelve million to a folks who invest in IT. Now here's the thing. I don't have all the details here.
However, if the S C C just went after the m for doing an I C O, that's wrong, because we don't have clear rules and there is tons of companies that I, C S, the S C C went after them for doing fraud and or stealing people's money. Then yes, the S C C is in the right position protecting investors without scams, right? But IT doesn't seem like that's the case here.
I think it's the former and that is they just simply did A I C O S, I H. We don't like that. We're going to take you to court and we're gonna, uh, take the funds and give IT back to the users.
So I don't know the S, C, C caused this company to go out of business by doing that, right? We seen the S, C, C go around shaking down companies and that's not right. Um they need to provide clear rules of the road.
They need to make a pathway for a hasta person, suggested a regular ory said box. Okay, you think your coin right now maybe under or falls under the security umbrella, you need to come in register will help you to get to a non security place. You have to be more decentralized.
Yet that should be the process right? There should be an updated how we test and all these things. Because, guess what? These tokens are.
This should be the global reader on block chains globally, and certain jurisdictions in countries view as virtual currency. So in the united security, but in every part other part of the world, their virtual currencies and people outside the U. S.
In particle, we can, we can have this nonsense. This is ridiculous. So we need to have clear rules, and we need to have the S, C, C, in the U.
S. Government work with. These companies have figured this all out because it's bigger than the united states. And if you just go after companies in the U.
S, but not outside, and you only stop users in the union using IT but in every part of the world they can access is that does not fear right that that is uh in a nonsense um but like I said, the new ones here uh is that if this company was scamming people, if they defrauded people, they stole their money. Whatever IT is exam back you're free or something, then they deserve to be punished. But you break the law.
But, uh, we need clear regulations. But we know that's coming. Congress has possible out of the house.
There is one that's gonna making a through the senate hofus ly in the lame duck, if not, uh, in the middle of twenty twenty five and stable coin legislation as well. So things gone to be cleaned up and all this are crazy. And S, C is gona stop.
so. Uh, but just let you guys know. I don't know if any of you participated in the big lave ico, but apparently you would have a check coming to you so we shall see. Are you folks that the news let me know, you think be sure to check out our sponsor uphold a great place to buy bitcoin and all coins have been using them since to twenty eighteen def three and a plus ript a currencies, a lot of great product. So check out the link in the description.
Go sign up also be sure to sign up for my free email news letter on subset, it's a hundred percent free, and grab a copy of my book rethinking crypto s about on amazon and paper back in digital. Thank you guys for watching. I appreciate you all, and i'll talk to you all later.
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