the, the, we will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry. republican presidential nominate donald j. trump has promised to make the united states the crypto capital of the planet who will even create a, a big coin to strategic reserve with the currency already held at the us government . this, along with replacing a several current government officials known for their bullish treatment of a crypto work makes donald trump very popular with fan to the digital currency. for these promises even realistic, or will they like most words on the campaign trail. the short lived once the candidate is elected, i'm scared now hughes and this is perspective the,

a broad scale bankruptcy, money laundering. these are all adjectives used by the department of justice and the security exchange commission under president joe biden. and reference to the crypto currency industry. now, as expected, the democratic run it financial wing of the government is strongly opposed to crypto, as it gives them very little power control. was until lately, wall street top regulators had begun a sweeping enforcement crusade to charge a foreign and domestic investors. of like with anti money laundering, violation of the car by the registration has said most crypto talk is being sold are being done so legally with each crypto leader being arrested or prosecuted. panic is setting it, however, house republicans lead by financial services chair,

patrick henry and agriculture chair g t. thompson. feel as though there was an opportunity for legislation that could find a path forward by installing some regulations within the industry to protect it and allow it to grow. a democrat psych represented maxine waters have even agreed to try to work out a deal. it would create a more tailored crypto, including a move to regulate a type of token, notice stable points of his coinage is designed to maintain a value. thank you. traditional assets like the dollar. but was it the whole point of crypto in the 1st place was to get the government out of financial transactions . and i want to discuss with our town, loretta, not the probably on a journalist and author, chris rice, journalist and house rice crypto show on youtube. as steve stockman former us representative, thank you so much for joining me on this. thank you for having me. i appreciate.

wonderful. oh, i actually think i, i would love to actually start with you on this one. steve, do you think crypt occurs? there's a game changer for the united states, or is this just the con, the americans feel like they're being sucked into? no, it's not a count and people forget it. the main thing is distributive accounting and that's uh, could impact industry could be the trillions of dollars. that's why i wrote the 1st crypto bill to protect the crypto from government experience. it would really be helpful if the government stays back and not interfered with the new industry. you know, when uh, when napster 1st came out, everybody was afraid and no one wants to do all file sharing for music. and now it's the standard. so the fear is always in a new industry is there and the frankly, the democrats don't like anything. they don't have control over. well, that's interesting. you bring that up because chris rice, do you think that crypto currency should even be a political issue?

yes, i actually do think so because it is, is a threat to the, the system and it is something that can also help the united states and a lot of different ways. we are going to see that with stable coins here age or as soon as this regulation start passing. but i would say a 100 percent. it needs to be a political issue because really when it comes down to why bitcoin was created, it was out of the aftermath of the 2008 financial crisis, the global financial crisis. and if those aren't political issues, i'm not sure exactly what would it be for that being said, chris, when you look at it and talking about a 2000 a financial crisis, whose fault was it then? so what political party can take claim for spawning this new type of currency. then, as i call it the unit party, i wouldn't necessarily blame it on the right or the left. i blame it on the bankers that pay all the politicians like to get the pockets for well, and that's probably a very good answer on because i think both sides contributed to the 2008. if this was the result, i agree with you. i think that's when the really started take you off and people

trying to look for an alternative form. i find it interesting. and loretta, you can help me with this, that former president trump has now currently begun to embrace the crypto currency movement. is this just a political move? i don't think so. i think you and the brother to it creep to is a to require some times to understand accept the work. i mean, it's a new industry, as we said before. so the, the 1st approach i would say was, and negative approach because it just threw that beach calling, which is, you know, they 1st came to represent a threat to the monopoly of the states that a no more that the board and see because the you of an alternative quarter and say, installation was in a country and this is not accepted by you know, the tradition of economic theory. but then when you start looking at beach calling and seeing isle beach con as developed. so in the last vacate you realize that it

is, it's fact, it is something that is here to stay and it is changing. the structure of the mind that the system which is positive change is obviously set a negative change can be positive. so embracing it to, for the united states that is done in the right way, is his promise to show by the time the von sense um yeah, the presentation then i think that they should be welcome also by the industry. but that's the thing chris trump and, and even j b. vast, a certain extent. it's really blown up recently and hence why they're getting behind it. why did truck not get behind it in 2016 when he was actually present or did he but it was more behind the scenes and i think personally, it really wasn't as mainstream now. that black rog and larry think of kind of given the okay with it and being that very big thing is a very powerful individual. i think we've seen

a water change and regulations sense that if you really want to pay attention to things. now honestly, when it comes to trump though, i was in nashville, i got to listen to that speech. that's unfortunately why my voice is little hoarse . so i do apologize about that. but i think he's running himself because i'm very smart individuals and i might even suggest that it's possible that validate rama swami is very much in his ear because a lot of what he was saying and has said seems to be very repetitive to what they cost to say, which is good things. and also the one thing i would say as far as donald trump at that speech is he definitely knew what he was talking about in regards to crypto currency. he definitely showed that he was educated and he wasn't just reading a teleprompter. and that's interesting because we're talking about complex issues. when he conduct a courtesy, steve, i see over there last thing, i guess he doesn't have some familiar names to you that you're hearing category behind it. you've been a republican party for a long time. does this surprise you that that of the republican party is getting behind something like crypto currency and is that agreement with you can through

the traditional republican party normally behind as well. i, i have tell you, i was in congress and when i wrote the bill was 11 years ago, i also was in nashville. and um, the thing is that to be honest with you, i was, i was on the banking committee. so in the ninety's. so i have to tell you when i 1st came out for crypto, my colleagues called me a weird oh, it's your deal, a criminal element, you know? and so frankly, the, it takes a while, i think, as you go through the steps for people become aware what it is and that i think the potential really we haven't covered, which is the distributive accounting and getting around government regulations, which is what i hope crypto does we have so much bloated government? we have doubled the deficit in less than 10 years. and there is going to be a time when we have a crash. and frankly, big point we'll say the day in a lot of ways. and i think you'll go to a $1000000.00 a call, and frankly i,

it's just unstoppable now. well, you say it's and so that's what i want. talk about and of tease and what role they're playing it. cuz obviously trump's getting by an end of cheese as well, that kind of potentially introduce and publicly to crypto in the whole entire world . you know, loretta on this one. do you feel like that end of teaser playing enough of a role in crypto and is that a lot why trump is now actually becoming more and more familiar with it? you know, i don't think so. i think, you know, the n f d as in instrument to use my is a, the sports industry for example. you know, of course, you know about it in a campaign is fantastic because you know, you can sell merchandise is using and if the but, and if the is nothing to do, we do know the actual role of crypto in the morning tati policy and the function a gust of fee at the money with the in the country. i think that is the main issue really well out. the beats calling the s change to the way

we actually look at money. i mean, i think is fantastic because, you know, the end of the day we're trusting the software, but the do the assess the, the, at the money it since the end of the goal, the change is done. there just is an act to update because he'll be on the dollar dollar. there's nothing we don't want to reserve so that you can match it, you know, divide, you know, the dollar. so, you know, at the end of the day with the great, i think, intuition also, does she not come all the wherever he sold, corey was, or she was, this is the fact that you can make this a state, you know, which is the base of you know money and produce a software which is more reliable than a government. because c, dodson, it doesn't get influenced by politics. and that is, i think the great innovation know of beach caught was interesting. i meant to the

end of to just because i was terms original when he went public he started talking about his own f t's that i think was a stepping stone that kind of led him to go, oh wait a minute. but also crypto kind of is that image, that conversation, you kind of hit on this a little bit earlier, chris talking about trump was very knowledgable in his speech of group though, that he knew the different parts that only someone that's involved and it's not just something you can just read on the telephone number, who do you know, why do you, do you think he's actually advising donald trump right now on crypto and want to differentiate himself from potentially what the democrats would have liked to do with crypto. and again, i would have to kind of default back to vague ramos wyoming, i, he was at the big point conference last year as well as in attendance this year. and he was very pro bit claim at that time too. so he's, he's been very forward thinking in what he's been doing and also the crypto currency, the industry itself, and community that that is so much innovation that donald trump wants to see the

cap in the united states and not go to other countries. that i'm sure that there's other people advising them as well, because when it comes to that, you know, the project that you mentioned was there, donald trump, himself wasn't putting together the n f t 's. you probably have some advisors, a team of people that he's working with. they may have suggested some to do something like that. and as an entrepreneur, he's definitely open in new possibilities. and as an entrepreneur, he's definitely had to recognize this is the best performing asset of all time. big going is what i'm referring to. well, and it's interesting, you said steve, you mentioned you were on the banking and financing committee. 1020 years ago when you were actually in congress yourself. do you think anybody else outside of a, have you heard any other rumblings of mine for public is actually looking at pepto? looking at this is actually being a serious issue that they need to study or is that just recently with the back room, a swami, donald trump, putting it on the campaign trail. that republicans are starting to look more into the issue and potentially trying to take advantage of the opportunity. and i think

the libertarian republicans are looking at it in particular because we all are a libertarian hearts are republicans want to see less government. and it also facilitates congress and very speedy way if it starts becoming a normal adoption. so this is a transformation that's going to be, it's huge and i don't think people understand just how much this can transform this country on the world until a man few years later. but loretta steve, i want you to stay right here. we're going to continue this conversation. after the break, we're going to look at the status of crypto currency under the trump administration . and the effect crypto will have on other financial sectors of the government, the the,

the, [000:00:00;00] the in the, by the middle of the 19th century. practically the whole of india had been under the rule of the british and by the colonial authorities that imposed that heavy

death, bringing the people into poverty exporting natural resources. and moreover, these authorities absolutely had no consideration for the predictions of the local population. treating them like 2nd class citizens. the british were showing signs of disrespect even to those and cooperated with them. the fact of ignoring the religious beliefs of the hindus led them. you may also see boys mercenary soldiers serving under the british ground. 3000000000 began on the 10th of may 1857 in the garrison town of may river north of india, the form of abuse. the rebels quickly took over daily that he rode resistance of the indian people lasted for one and a half years. however, the forces were not the colonial authorities dealt with the rebels, cruel, late fee and slaves. the boys were tied to the mouth of the cannon and were shot right through their bodies for the amusement of the public. this type of execution was called the devil's with the obliteration of the mutiny resulted in the death of

800000 inhabitants of india. however, the british empire never broke the free spirit of the indians and their will will resist the or the the welcome back to perspective i'm your host, got it. now here's the securities exchange commission has been collecting legal

victories and good reckoning of the current the crypto industry, along with some of the biggest players at the forefront is securities exchange. commissioner chair, gary guns are gary has been very suspicious and has been public with this feeling about the market being riddled with corruption and considers crypto to be very dangerous. as republican presidential candidate donald trump promised to fire guns are, is greatly welcomed by the crypto crowd. so let's continue our discussion with our panel. the reta no polar on e, a journalist, an officer, chris rice, journalist and host of rice crypto show on youtube. and steve stockman, former us representative, thank you for staying with us through the rake. you know, i'm gonna start to you, right? because the president trump of wins. we know he actually wishes to get rid of the current secretary and exchange commissioner chair. but who could each have to find as his treasures secretary? could it be? and i think i could see chris are getting excited. the background swami who

encourage him to adopt the policy that he will never allow the creation of a central bank, digital currency. you know, i don't think so. well, yeah, of course i just looked at all the notes from personally, but i don't think, you know, he's going to pick on somebody which is um, controversial or to, to the traditional high school. it's, you know, the traditional finance industry and you know, the new industry, i think he's going to be somebody that is professional that knows how the market works, but who is going to have a little profile of, i mean, it's publicly we need it. so we need to trust in the new system and so we need somebody that is perceived as a professional. all of that is not going to do the interest. so one group or another. but who is going to guide this rate relation, which is going to have

a tremendous impact, not only the united states, but in the rest of the war, because you know, all the ice will be home to you regulation enough. and i think, you know, a low profile, a highly professional individual will be much better than anybody else because that's what this is. a donald trump usually takes is low profile with any of his individuals. the only thing is he wants to make sure there is not bigger than him. yeah, of course. like i mentioned with that chromosome, i gotta bring it in here. do you think he would actually be considered as a candidate for secretary of the treasury? and would that be a good thing? you know, i don't think he would consider him for that. and i'm not sure that the bank would want that. but i definitely think that he may be involved in a cabinet and a position that may be an advisor in your advisory type position in crypto currency . and i believe that donald trump is already talked about putting together a crypto currency, some sort of committee. so that is definitely a positive thing now. and donald trump said something about no central bank digital currency. he also did say something very positive, very in regards to stable coins,

which i mentioned earlier. and the unfortunate thing is stable clients and central bank digital currencies and digital dollars are all the same thing with just different names. and it's all programmable to just so everybody's aware of that. well, and i appreciate that clarification. you know, but i, you know, i just, it makes me want to scratch my head when i think of balance of, especially on an issue like this. steve, i've gotta ask you, are you a fan of chairman powell and do you think the president trump should nominate somebody else to replace him? of the federal reserve chairman, if you push, if he continues this push on crypto i i'm not a favor. anybody. lots of people that try to do innovation, it's really shameful. last 4 years actually, even uh, frankly, under other ministrations they didn't accept or realize the advantages the crypto and distribute the county. and we've been held back uh what they did in new york. they passed law regulations, new york was a hot place 10 years ago. and when they pass all these rules and regulations, all the people from new york are now spread all over the country. while i'm in

miami and it's quite shameful, uh, regulations killed in industry and we repeatedly do this throughout history. we, we, we, killer in america. we have is great inventions and great ideas. and then we, a government comes in and steps on it and kills that. but eventually there's going to be a people accepting of it and they're going to realize the change and look back on our wonder. it was like a fax machine. we wonder what we could do without it. and now we're without it. you know, we were happy and unfortunately, and that's the way it's gonna go. it's gonna, it's gonna be adopted. but you mentioned that, but loretta, you know, i would heard over the weekend talking to somebody about compton, they're saying mexico and the middle east are kicking the tale of the west right now in regards to crypt. um, being able to get that stablish it, but is it once everybody, let's just say everybody gets involved? everybody gets on board as crypto. will it not be as desirable will not be as valuable if everybody, especially the west gets involved as they've done with so many other issues when

they get involved and they start to regulate it? well, other countries then start to follow in their, in their footsteps. i mean, i don't to worry about, you know, regulation. i mean, generally regulation kills industry because, you know, he blocks it into it space that, that is too small, especially at the beginning of an industry which is the case of the groups. but i would distinguish here between beach coin and the rest of the creep to, i mean the 2 and a so that means calling it is structure in a way that really you can 3 related to much what you can do would be car. and of course you can taxes. so taxation is going to be one of the most instrument that will be used in order to regret the industry. but, you know, you can't control, you know, all you beach going is producer. you can't control the value of the beach going either because, you know, it is decided by the markets. you have the software is produced by

the software and, you know, the, the, the acceptance of the, my name is done based upon, you know, all the members of the beach club and community. so really it is, i think, conceptually the currency of the people at the end, all the criptos are different tests. so we can discuss, you know, one by one, like, you know, stable calling for example, which see of for sure, leading to, to the us the, i'm, but regulating beach calling in for the say to will will be a challenge because there is no very much the a so i, i actually a lot of trust. i'm a believer in the future of beach cooling at sea on the car and see all the people award while it may sound like in 3 months. but i take in the next the k d early may, it may be gone through. what's interesting, chris,

because she does talk about how she's very, i love already your optimism on this subject. however, the current standard right now. unfortunately, becky is held by the federal reserve. so chris, how do you think the federal reserve and the larger banks will react if present terms, elected any implement crypto and encouraged its growth even more? i mean, that's going to be a good question is definitely be solved or to pay attention to because when it comes to that point, again, like all you can really do is take down, it's on an off ramp switch to bank and definitely control that you kind of caching in and caching out of the particular crypto currencies. but these things are designed to go peer to peer. so that's the kind of aspect of best that they can not stop. so i think it's going to take a lot more of seeing what's happening as far as regulation, but the future is a 100 percent digital. when you look at the, i am asked d. b. i asked the bank of international settlement e c, b and all the things that are being introduced. the em bridge that's being created, which is basically

a way to interconnect all of these different digital currencies. whether there's central bank, digital currencies, or stable coins or digital fee arch, it's a way to interconnect. fed now is a u. s. version of interconnecting them. and then they're also going to be interconnected in bigger ways, as i mentioned with em, bridge. and ambridge is something has been developed with lots of different banks, including i and a half and b i s. and we just recently saw saudi arabia joint monte, the enbridge. so this is almost mimicking things that are happening a crypto currency already. so is the question, do you want to be in a, in a crypto currency gauge system, or do you want to be in, in a more of an open crypto currency system? and big point is gonna offer that alternative is not going to be central, is ation and control. when i mentioned programmable currency, there's a lot of things that people are fearing in the future of where that program ability can go, especially when we seen things happen in canada with the truck or on voice. so

there's a lot of things that legislation prevents countries from doing, but taking things into the private sector with stable coins, especially here in the united states is going to alleviate the u. s. government from having to get involved with legislation changes. right. and then for the resort, technically cannot create a central bank visual currency without the approval of congress, which they've already said they're not planning on creating one. and i don't believe they will on a retail side, but they will on a wholesale side. and that is where you'll have a central bank for bank, a central bank, digital currency for banks. well, that's a great lead into my final question. i'm gonna give it to you, steve, because well present truck be able to get your former colleagues on board to support crypto as a currency or, or they're just going to be a lot of checks written like everything else in order to buy off washington's approval. well, the curb to currency has been good communities been given quite a bit of money. i think there's a pass dollar lobbyist under donations, but i want to own it close. besides, it's real important where it is drawing a dollar. there's no question about written the dollars, there's this being destroy,

it becomes less valuable. and then people like saudi arabia that depend on the dollar as a current exchange. and it's going to happen where crypto becomes a default currency because it's just a case in which we're destroying what we have. and unfortunately, this government's policy is destroying our currency. and we're going to buy it by the fact that we're gonna end up going to bit point. very interesting, loretta chris, steve, thank you so much for our conversation. thank you. you know, can i can promise the moon to constituency, but if they are not elected, those promises are washed away with tears alongside all the other promises made on the campaign trail. however, if a kid is elected, those promises can soon become the sword in their side, especially if they were extremely specific to one group. those there's a port crypto currency are already suspicious of the government. here's why they

turn to they like the electronic currency in the 1st place. this appointment only will lead to distance, and donald j trump, if elected, will only be given one chance to make his words come true. failure not only will effect trust in the government by a growing population, the trust of the financial sector, which has already seen its account over drafted. but hey, that's just my perspective. i'm sky now. here's the next time the the, [000:00:00;00]

the that one would see lots of, i'm interested in lots of family. this for gabriel boy, subspace issue i see for the full of the senior snap under the guise of evacuation about 50000 people were transported. the, the main purpose of this concentration camp in federal rules was to in think, prisoners was type us and use them as a human shield against the advancing savvy at, on a different mind inside the home, but ceiling and slipping coupon. you put them in the, in the plugin for the ship that you're shipping and stuff like that, but don't want to bring your name. you know, i'm so sorry. i missed cuz that an extra 262 people decided that there's 2 seas use people, his biological weapons, leading them to perish without food, water,

or shelter. the do of small it there for me, if i did the so could i thing who lives on there with you for the small can you put the fringe you can use your weight loose or just put in each each additional re issue for them to move the cam, gloucester 10 days or what else made it drastically defense from of accounts of the 3rd rice watch on the water is part of the is it that the employee would post good? isn't the the place you of us input in the word part? is it something deeper,