Commodity Futures Trading Commission

They represent, you know, the second-largest industry in the world.

Uh, and what Bitcoin does is solves all of the existing problems with the traditional capital markets, right? Whether it be money transfers, whether it be yield generation, whether it be a US dollar standard, inflation, Bitcoin solves that, and it solves it because it is a decentralized, non-sovereign commodity, and it's been determined that by the US government, the SEC, CFTC, governments all around the world, right? And so we've created an asset class that's 18 years old, and over the course of the next five years, will completely progress and improve the financial markets as exist today.

That's exciting.

Now, let's move to AI.

Don't need any credit.

clarity bill passed so that prediction markets can be regulated by the CFTC and we can jam gambling down.

I mean, if you are a youthful person in America, you're just getting...

Porn and gambling shoved down your throat.

They said, "Hold my beer, kid" this week.

Both the CFTC and the SEC taking some, uh, preemptive action to help smooth the transition in the crypto space.

The SEC actually filing what they call an innovation exemption, which really is lifting some of the other assets we're gonna talk about in a bit out here.

But a lot of action on the regulatory front, if not in the CLARITY Act side, Mr.

But have no fear, the Trump administration's here.

Because just two days later, you had the Securities and Exchange Commission and the Commodity Future Trading Commission, each published documents that the industry has been asking Congress for.

So I guess the question is, while the act is dead, are our pensions safe from speculative crypto schemes? And that's why I've asked Patrick Moran to come share some thoughts with us.

He's the newly elected president of AFSCME, the American Federation of State, County, and Municipal Employees.

I think like 70 million or so.

On Friday, we had the CFTC send the crypto pre-rule to the White House.

titled Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.

It's all about perps and derivatives and how that is going to work in the US.

So perhaps one of the reasons why hype is moving Coinbase filed with the CFTC to list single stock per futures.

Talked about that on Friday.

Let's see.

That all makes sense.

In the wake of the incident, executives left and an internal investigation began.

Former regulators from the CFTC Justice Department and Internal Revenue Service said the level of attempted fraud in Polymarket's response was atypical for the commodities and gambling industries.

Unlike traditional commodities exchanges, Polymarket accepts funds directly from retail traders making it more vulnerable to fraud attacks.

In the regulated space, this kind of thing does not happen, said former CFTC enforcement lawyer Joe Konczewski.

In the wake of the incident, executives left and an internal investigation began.

Former regulators from the CFTC Justice Department and Internal Revenue Service said the level of attempted fraud in Polymarket's response was atypical for the commodities and gambling industries.

Unlike traditional commodities exchanges, Polymarket accepts funds directly from retail traders making it more vulnerable to fraud attacks.

In the regulated space, this kind of thing does not happen, said former CFTC enforcement lawyer Joe Konczewski.

They said, hold my bear kid this week.

Both the CFTC and the SEC taking some preemptive action to help smooth the transition in the crypto space.

The SEC actually filing what they call an innovation exemption, which really is lifting some of the other assets we're going to talk about in a bit out here.

But a lot of action on the regulatory front, if not in the clarity act side.

which allows qualifying trading venues to offer tokenized versions of US stocks without registering as traditional stock exchanges for five years.

And the CFTC has also submitted some pre-rules which won't take effect until 2027, which would also ease the regulatory burden on crypto as well.

So some of the optimism in the crypto space starting to drift back in.

Strategy was also in there buying as well.