In this YouTube video, the host discusses the recent developments in the crypto market, including Gary Gensler’s appearance before Congress where he was exposed and grilled by representatives. The host also talks about China’s upcoming economic stimulus, BNY Mellon’s confirmation to custody crypto, and the bullish trends in the market. The video covers the SEC charging Trust Token and Truecoin for defrauding investors and the bipartisan demand to rescind the SAFT guidance. The host also discusses the positive news of BNY Mellon being able to custody bitcoin and ether for exchange-traded products. The video concludes with a discussion on the political dynamics and lobbying in the crypto industry, pointing out the disruptive nature of technology and the industry’s fight back against regulatory challenges. The host encourages viewers to do their own research and stay informed about the market trends. Overall, the video highlights the key events and developments in the crypto market and discusses the implications for investors and the industry as a whole.
