Mar 12: Live w/ Kyle & Matt: Trump's Crypto Play: Strategic Bitcoin Reserve Unveiled

Mar 12: Live w/ Kyle & Matt: Trump's Crypto Play: Strategic Bitcoin Reserve Unveiled

Kyle and I are back for another live discussion. I really enjoy these talks because I don't know Kyle's opinion or where his head is at, so we both learn a lot about the topics of the day. I hope you do too.


The Strategic Bitcoin Reserve

The biggest news of the week came from an announcement regarding a U.S. government-controlled Bitcoin reserve. President Donald Trump initially tweeted about forming a “crypto strategic reserve,” but left out Bitcoin and Ethereum from his original statement. An hour later, he followed up, including both assets and clarifying his stance.

However, the reality of this reserve was not as explosive as many had hoped. The U.S. government is not buying more Bitcoin—it’s simply choosing to hold onto the Bitcoin it already has, mostly acquired through civil asset forfeiture. If the U.S. had held onto previously seized Bitcoin instead of selling it, the Treasury would reportedly have an additional $7 billion in its reserves.

The ethical concern here is that this decision creates a perverse incentive. By allowing the government to hold onto seized Bitcoin rather than auctioning it off, it essentially profits from civil asset forfeiture. Historically, seized assets have had to be sold or destroyed. Now, if the government sees an opportunity to benefit from rising Bitcoin prices, could that create undue motivation to seize more crypto assets?


White House Crypto Summit

Following the Strategic Bitcoin Reserve announcement, the White House hosted a Crypto Summit, attended by major industry players such as Michael Saylor (MicroStrategy), Brian Armstrong (Coinbase), the Winklevoss twins (Gemini), Brad Garlinghouse (Ripple), and Tom Emmer (House Majority Whip). The summit served as a meeting of key crypto stakeholders with the Trump administration, but it raised concerns about whether this was a genuine effort to advance crypto policy or simply a pay-to-play scheme.

Many of the attendees were major donors to Trump’s campaign, which raises questions about how much influence money has over crypto regulation. If the people in the room are the ones who will have their projects favored by regulators, then retail investors and smaller projects could be at a serious disadvantage. Additionally, there was little diversity at the summit, with very few women or representatives of decentralized finance (DeFi) projects in attendance.


CZ’s Comments on Long-Term Crypto Investing

Binance’s former CEO, Changpeng Zhao (CZ), made headlines this week by discussing ethical long-term crypto investing. He emphasized the importance of token unlock mechanisms that align with a project’s actual success rather than arbitrary time-based schedules. Too often, venture capitalists dump tokens as soon as they unlock, leaving retail investors to absorb the losses. CZ suggested that token unlocks should be tied to key performance indicators (KPIs) rather than arbitrary schedules, an idea that could help make the space more sustainable.


Happy HODLing, everyone.

Hosted on Acast. See acast.com/privacy for more information.

Avsnitt(673)

March 30: Matt Damon’s Lame Crypto.com Excuse & SEC Says Rules Already Exist

March 30: Matt Damon’s Lame Crypto.com Excuse & SEC Says Rules Already Exist

Matt Damon said that he only took the crypto.com money to… well… let’s see if you believe him. Gary Gensler goes in front of the US Senate. And Binance US clients have issues withdrawing their cash.News Links 👇 https://decrypt.co/124936/matt-damon-did-crypto-com-ad-due-down-year-clean-water-foundationhttps://cointelegraph.com/news/okx-seeks-australian-expansion-citing-huge-appetite-for-cryptohttps://www.theinformation.com/articles/gemini-preps-overseas-derivatives-exchange-to-offer-perpetual-futureshttps://decrypt.co/124872/sec-gensler-insists-clear-rules-crypto-already-existhttps://unchainedcrypto.com/binance-us-says-ach-withdrawals-disrupted-for-small-subset-of-users/https://blockworks.co/news/sec-charges-beaxy-exchangehttps://decrypt.co/124872/sec-gensler-insists-clear-rules-crypto-already-existhttps://decrypt.co/124908/candy-digital-pushes-forward-new-mlb-nfts-after-fanatics-divestmenthttps://www.reuters.com/legal/ftxs-bankman-fried-plead-not-guilty-campaign-finance-china-bribery-charges-2023-03-30/——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

30 Mars 20238min

March 29: SBF Alleged China Bribery, Binance & Voyager, Kraken’s F1 Sponsorship

March 29: SBF Alleged China Bribery, Binance & Voyager, Kraken’s F1 Sponsorship

Ups and downs in the news, the markets, & in the web 3 space. Bad news for SBF. Great news for BTC prices. And, Kraken is going international. _________News Links 👇 https://decrypt.co/124747/sam-bankman-fried-bribing-chinese-government-officialshttps://decrypt.co/124766/cftc-lawsuit-binance-acquisition-voyagerhttps://unchainedcrypto.com/fdic-gives-signature-crypto-clients-until-next-week-to-close-accounts/https://cointelegraph.com/news/the-government-should-fear-ai-not-crypto-galaxy-digital-ceohttps://www.coindesk.com/policy/2023/03/28/canada-to-ask-pension-funds-to-disclose-crypto-exposure/https://decrypt.co/124779/f1-team-crypto-sponsor-kraken-after-ftx-tezos-exitshttps://www.coindesk.com/policy/2023/03/28/binance-case-is-clear-evasion-of-law-says-cftc-chair-behnam/https://www.coindesk.com/markets/2023/03/29/bitcoin-heads-for-best-quarter-in-two-years-outperforms-ether-gold-and-nasdaq/——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

29 Mars 20239min

March 28: CFTC Sues Binance

March 28: CFTC Sues Binance

Binance is under much scrutiny, and the CFTC has loads of evidence against them. Today in Web 3 we look at some of the evidence.___News Links 👇 https://www.theblock.co/post/223181/uk-government-nft-canceled-royal-minthttps://www.reuters.com/legal/sam-bankman-fried-prosecutors-reach-new-bail-agreement-2023-03-28/https://www.reuters.com/technology/voyager-digitals-sale-binanceus-halted-by-district-court-bloomberg-news-2023-03-27/https://decrypt.co/124683/binance-cftc-lawsuit-responsehttps://decrypt.co/124680/nvidia-says-crypto-adds-nothing-to-society-despite-profiting-from-mininghttps://cointelegraph.com/news/binance-saw-850m-withdrawal-prior-to-cftc-indictment-datahttps://www.coindesk.com/business/2023/03/27/binance-and-cz-sued-by-cftc-over-regulatory-violations/https://cointelegraph.com/news/here-s-why-cftc-suing-binance-is-a-bigger-deal-than-an-sec-enforcementhttps://www.businessoffashion.com/articles/technology/gucci-teams-up-with-company-behind-bored-ape-yacht-club/https://www.coindesk.com/markets/2023/03/27/first-mover-asia-bitcoin-is-ready-for-a-consolidation-phase/https://finance.yahoo.com/news/why-first-citizens-got-a-165-billion-discount-for-taking-over-silicon-valley-bank-154218153.htmlhttps://twitter.com/adamscochran/status/1640378686397448192?s=20https://cointelegraph.com/news/7-details-in-the-cftc-lawsuit-against-binance-you-may-have-missed——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

28 Mars 202311min

March 27: Artist Rolls Back Opinion, SVBs Assets Buyer, Someone Lost a Punk

March 27: Artist Rolls Back Opinion, SVBs Assets Buyer, Someone Lost a Punk

There is nothing worse than an artist that makes art and doesn’t stand behind it. Artist Benjamin Von Wong got on the wrong side of the Bitcoin community and capitulates. _______News Links 👇 https://www.coindesk.com/business/2023/03/27/first-citizens-to-buy-silicon-valley-banks-deposits-loans-in-555b-agreement-with-fdic/https://decrypt.co/124618/first-citizens-enters-deal-fdic-buy-silicon-valley-bankhttps://cointelegraph.com/news/4m-exit-scam-suspected-as-kokomo-finance-flies-off-radar-token-plungeshttps://decrypt.co/124605/canadas-bankrupt-crypto-king-kidnapped-tortured-held-for-3-million-ransomhttps://decrypt.co/124598/nft-trader-accidentally-burns-129k-cryptopunkhttps://finance.yahoo.com/news/ceos-are-suspiciously-optimistic-morning-brief-093012473.htmlhttps://english.kyodonews.net/news/2023/03/6d78f606781a-urgent-japan-s-korea-mull-1st-security-talks-in-5-years-in-april-source.htmlhttps://cointelegraph.com/news/do-kwon-to-reportedly-appeal-against-court-s-decision-to-extend-detentionhttps://thedefiant.io/euler-hacker-returns-90mhttps://www.reuters.com/world/americas/venezuela-arrests-21-corruption-crackdown-11-more-wanted-2023-03-25/https://decrypt.co/124622/skull-satoshi-artist-says-was-wrong-bitcoin-mininghttps://www.youtube.com/watch?v=SAYr_ZB-98o——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

27 Mars 202310min

March 24: Attorney Opinion on SEC vs Crypto

March 24: Attorney Opinion on SEC vs Crypto

SEC has crypto under the microscope and they are taking action. But, is this action politically or legally motivated? What is the SEC really trying to accomplish? And, are they giving Coinbase fair treatment? Guest———Aaron Kaplan is the co-CEO and co-founder of Prometheum, Inc. the parent company of SEC and FINRA-regulated digital asset securities trading platform Prometheum ATS. Prometheum is a blockchain powered solution for trading digital assets under the federal securities laws. ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

24 Mars 202319min

March 24: Do Kwon Arrested, SEC’s Warning, Ark Keeps Buying

March 24: Do Kwon Arrested, SEC’s Warning, Ark Keeps Buying

Do Kwon arrested, SEC’s warning, Ark keeps buying, & I explain what is going on with this podcast and my new ventures. _______News Links 👇 https://decrypt.co/124392/do-kown-arrested-montenegro-says-countrys-minister-of-interiorhttps://www.theblock.co/post/222561/ethereum-shapella-shanghai-capella-foundation-doubles-bug-bountyhttps://cointelegraph.com/news/3ac-co-founder-can-answer-subpoena-or-take-his-chances-us-judgehttps://decrypt.co/124452/bitcoin-ordinals-inscriptions-fees-rise-rewards-bored-ape-dupeshttps://www.theblock.co/post/222511/ark-etfs-resume-buying-coinbase-shares-with-18-million-purchasehttps://www.bloomberg.com/news/articles/2023-03-23/do-kwon-charged-with-fraud-by-us-prosecutors-in-new-york?srnd=cryptocurrencies-v2#xj4y7vzkghttps://www.coindesk.com/policy/2023/03/23/sec-urges-investors-to-be-cautious-with-crypto-securities/——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

24 Mars 202312min

March 23: We Stand with Coinbase

March 23: We Stand with Coinbase

Yesterday the SEC gave a Wells Notice to Coinbase, alleging that Coinbase has been all a long dealing in unregistered securities. Coinbase says they have been in constant communication with the SEC. Yet, it didn’t seem to change the outcome. That and the news Today in Web 3. _______News Links 👇 https://cointelegraph.com/news/onecoin-head-of-compliance-facing-40-year-sentence-after-us-extraditionhttps://cointelegraph.com/news/class-action-lawyers-claim-youtuber-bitboy-crypto-threatened-themhttps://www.coindesk.com/policy/2023/03/22/australian-regulator-tells-banks-to-report-exposure-to-startups-and-crypto-related-business-report/https://thedefiant.io/blockchain-assn-says-crypto-cos-debankedhttps://decrypt.co/124168/white-house-president-economic-report-digital-crypto-assets-reporthttps://www.theblock.co/post/221815/white-house-blasts-digital-assets-in-new-crypto-reporthttps://decrypt.co/124156/coinbase-stock-up-with-brazil-expansionhttps://www.coindesk.com/business/2023/03/21/crypto-exchange-okcoin-suspends-trading-of-miami-and-nyc-citycoins/https://decrypt.co/124135/sonys-latest-nft-patent-push-suggests-web3-path-for-playstationhttps://www.coindesk.com/markets/2023/03/22/tether-stability-made-it-the-safest-stablecoin-bet-amid-us-banking-crisis-analysts-say/https://www.coindesk.com/policy/2023/03/21/coinbase-argues-an-arbitration-case-in-us-supreme-court-as-crypto-makes-its-debut/——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

23 Mars 202310min

March 22:  White House Takes Aim at Crypto

March 22: White House Takes Aim at Crypto

President Biden releases a scathing report calling crypto ignorant of basic economic principles ___________News Links 👇 https://cointelegraph.com/news/onecoin-head-of-compliance-facing-40-year-sentence-after-us-extraditionhttps://cointelegraph.com/news/class-action-lawyers-claim-youtuber-bitboy-crypto-threatened-themhttps://www.coindesk.com/policy/2023/03/22/australian-regulator-tells-banks-to-report-exposure-to-startups-and-crypto-related-business-report/https://thedefiant.io/blockchain-assn-says-crypto-cos-debankedhttps://decrypt.co/124168/white-house-president-economic-report-digital-crypto-assets-reporthttps://www.theblock.co/post/221815/white-house-blasts-digital-assets-in-new-crypto-reporthttps://decrypt.co/124156/coinbase-stock-up-with-brazil-expansionhttps://www.coindesk.com/business/2023/03/21/crypto-exchange-okcoin-suspends-trading-of-miami-and-nyc-citycoins/https://decrypt.co/124135/sonys-latest-nft-patent-push-suggests-web3-path-for-playstationhttps://www.coindesk.com/markets/2023/03/22/tether-stability-made-it-the-safest-stablecoin-bet-amid-us-banking-crisis-analysts-say/https://www.coindesk.com/policy/2023/03/21/coinbase-argues-an-arbitration-case-in-us-supreme-court-as-crypto-makes-its-debut/——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

22 Mars 20238min

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