cryptocurrency is about to explode now I already see you commenting I'm not talking about today I'm not talking about tomorrow but the cryptocurrency market is setting up I think for something very similar to something just like here or here or here think about it with the SEC dropping their lawsuit against coinbase ending their probe against openc understand that prices are only down right now due to shortterm uncertainty with Trump's tariffs and Trump's deportations but these are short-term catalysts make no mistake about it crypto has entered into a whole new era the complete 180 that we're
witnessing is a huge huge deal and don't just take my word for it Ryan rasm bit wise's head of research says this is a Monumental moment for the crypto industry and at bitwise they're very excited about the future of the crypto space listen I think it's a really Monumental moment for the industry that the SEC has dropped its yearslong tiate against coinbase and the lawsuit that they've been chasing after coinbase on and ultimately we expected coinbase to Prevail from that lawsuit in the courts but I think it's a huge signal to the market that the
actual regulatory pivot that we've been hearing is going to happen that it's actually happening in Washington already so we're very excited about it you spoke to Hester Pur earlier obviously she has a different way of viewing the market than the gendler SEC and she's leading the crypto task force that will take on setting clear rules and regulations for crypto and creating a framework for crypto to finally be on a Level Playing Field with the rest of the financial and Technology industry so we're really excited about that and we think that we'll look back in 5
10 20 years at today's dismissal of the case against coinbase as a real pivotal moment in crypto's long-term Journey smash the like button subscribe to altcoin daily we keep you informed on crypto on a daily basis even on weekends four big policy changes are on the horizon that I think these four things will happen in the US this year Anthony Pomano on Fox Business describes exactly the top four policy changes we expect to see going forward under a trump presidency with David Sachs as cryptos are number one clear crypto rules and guidelines number two staking
and ETFs number three bank and stable coin legislation number four getting rid of capital gains tax number four would be huge if true Anthony Pomano explains you know a thing or two about the cryptos what kind of Regulation does the crypto industry really want what's at the core of the regulation that you want to see well there's a ton of stuff so we won't be able to cover it all but I think that a couple of very easy things are uh one people want a very clear framework for all of these organizations that are launching
coins what's allowed what's not allowed how should they be treated the second thing is the ETFs there's a lot of staking that's available it's kind of like yield generation right now they can't do that with the ETFs people would like that to occur the third thing is the banks uh right now they cannot issue a stable coin they can't use it like cash if we're moving to a digital world obviously you want stable coins to be used inside of the financial system just as much as it's used in Emerging Markets so that's a big deal
uh and then maybe the fourth thing and probably uh to me one of the most important things is uh if you go and you actually buy dinner tonight using Bitcoin you pay capital gains tax you're buying a good or a service and so I think that we should come up with some sort of framework where if you're trading this as a cial asset then you're hit with a capital gains tax but if you're using it to buy goods or services then you shouldn't be uh kind of required to pay that capital gains tax I go
out for a stake I pay with crypto and I'm eligible for I've got to pay capital gains tax because I've cashed out the crypto correct so if you my profit if you buy dinner with dollars you know you buy the meal you tip the waiter or waitress you pay your sales tax and you're good to go uh but if you do that same thing with a cryptocurrency uh you pay capital gains taxes looked as property instead of a currency and so I think changing that would be a big boom for the so it's got to
become a currency I would argue that it already is a currency yeah I think a lot of people would and then of course the number five thing maybe this is the biggest thing is a Bitcoin strategic reserve and I was surprised to hear that Anthony Pompano says that he thinks Trump will 100% Implement a Bitcoin strategic Reserve Cynthia Lumis Bitcoin strategic Reserve bill will pass and he says this will make price go way up Trump's crypto friendly you think you'll get the kind of Regulation that you're looking at anytime soon I I think that a
lot is going to change for the positive for the industry I think that we will get the Strategic Bitcoin reserve and I think we'll see a lot of these rule changes uh because president Trump and his administration uh really understand this stuff and if we got that would Bitcoin go up well anytime that you get clarity from a regulation standpoint obviously you get you know more people who are interested in buying it I think the single most important thing for bitcoin's Price going up right now is is the United States going to buy Bitcoin we
now know that other countries are it just came out that Abu Dhabi sovereign wealth fund they're bought about uh $500 uh Million worth of bitcoin and so when you see other countries buying Bitcoin and getting exposure the United States doesn't want to get left behind I think we should be a leader there does anybody in congress have a bill that they're putting forward uh they do uh Senator Cynthia lumus in particular yeah she's got a a bill where she would like to establish the Strategic Bitcoin Reserve um and I think she's got a pretty good
shot cuz she's got a lot of people in the administration who are supporting her reminder a Bitcoin strategic Reserve would reduce International debt and would not cost the American taxpayer any more money I don't think people realize how close we are to this getting implemented the other thing is the proposal that I have and that uh president Trump has discussed about a strategic Bitcoin Reserve or strategic Bitcoin stockpile where the United States would acquire and hold Bitcoin for 20 years this would be an asset that could help Shore up the US dollar as the world
Reserve currency and serve as um a uh Reserve that could be used to uh reduce the national debt significantly you know the American people are still hurting from inflation from high prices uh and they want the national debt reduced uh these are ways to do it with an asset that is immutable uh can easily be held by the federal government in a variety of uh vaults uh and that states can participate in as well so this is the uh gold standard digital asset uh and a strategic Bitcoin Reserve is the way to embed it you
know we got off the gold standard a long time ago my question is how much you would spend tax dollars at a time where we're talking about trying to reduce costs how much would you spend on bitcoin as part of this Reserve uh we wouldn't have to spend any new dollars we have Reserves at our 12 federal reserve banks including gold certificates that could be converted to current fair market value they're held at their 1970s value on the books and then sell them uh into Bitcoin uh that way we wouldn't have to use any new
dollars in order to establish this reserve the United States already holds over 200,000 Bitcoin in the asset forfeiture funds so that would be the initial Source uh of Bitcoin so no new money spent on this Reserve guys make sure you subscribe to our Channel I really do think 2025 will be a great year for crypto and the market is down right now so you know that's an opportunity if you're also a Believer either way see you tomorrow for those folks who are watching who are not in Bitcoin or are thinking about buying Bitcoin at these
prices are you saying that this is a a fair and good price to get in or are you saying wait because you think it's going farther down you know Bitcoin is something you need to be long-term focused I don't think anyone's going to lose money buying here at 90 to me Bitcoin could be significantly higher this year you know maybe 200 250 so I think 90 is still a good entry point m