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Bitcoin is reshaping the foundations of modern finance.
“It is well enough that people do not understand
our banking and monetary system, for if they did,
there would be a revolution before tomorrow morning.”
—Henry Ford, 1922
Bitcoin’s realized cap is now over $1 trillion. We are on the path to suck the investment capital out of EVERYTHING.
Senator Cynthia Lummis just introduced the “Digital Asset Mortgage Reserves Act.”
If passed, Fannie Mae must recognize Bitcoin as valid mortgage reserves, no fiat conversion required.
HODL your sats AND secure a house? Bullish.
Just FYI for everyone to understand this DOES NOT mean regular people can do in-kind BTC redemptions from ETFs. This applies to *authorized participants* which are the specialized financial institutions authorized by the ETF issuers to create and redeem shares of the ETF, i.e. Jane street, JP Morgan, Goldman Sachs, etc
BIG DEAL SEC APPROVES IN-KIND CREATION AND REDEMPTIONS FOR ALL SPOT BITCOIN ETFS
SEC Permits In-Kind Creations and Redemptions for Crypto ETPs
FOR IMMEDIATE RELEASE 2025-101
Washington D.C., July 29, 2025 – The Securities and Exchange Commission today voted to approve orders to permit in-kind creations and
redemptions by authorized participants for crypto asset exchange-traded product (ETP) shares.
The orders approved today reflect a departure from recently approved spot bitcoin and ether ETPs, which were limited to creations and redemptions on an in-cash basis. With today’s approval orders, bitcoin and ether ETPs, consistent with other commodity-based ETPs approved by the Commission, will be permitted to create and redeem shares on an in-kind basis.
“It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,” said SEC Chairman Paul S. Atkins. “I am pleased the Commission approved these orders permitting in-kind creations and redemptions for a host of crypto asset ETPs. Investors will benefit from these approvals, as they will make these products less costly and more efficient.”
“Today’s approvals continue to build a rational regulatory framework for crypto, leading to a deeper and more dynamic market, which will benefit all American investors. This decision aligns with the standard practices for similar ETPs.”
Jamie Selway, Director of the Division of Trading and Markets, said, “The Commission’s decision today is an important development for the growing marketplace for crypto-based ETPs. In-kind creation and redemption provide flexibility and cost savings to ETP issuers, authorized participants, and investors, resulting in a more efficient market.”
The Commission also voted to approve other orders that advance a merit-neutral approach to crypto-based products, including exchange applications seeking to list and trade an ETP that would hold mixed spot bitcoin and spot ether, options on certain spot bitcoin ETPs, Flexible Exchange (FLEX) options on shares of certain BTC-based ETPs, and an increase of position limits up to the generic limits for options (up to
250,000 contracts) for listed options on certain BTC ETPs. Additionally, the Commission issued two scheduling orders soliciting comments in support of, or in opposition to, the Division of Trading and Market’s approval, pursuant to delegated authority, of a national securities exchange’s proposals to list and trade two large cap crypto-based ETPs.
Today
White House releases its long-awaited 180-day report on digital assets.
Senior administration officials are expected to attend a press event at the White House at 2:30PM EST, where they will discuss the recommendations outlined in the report.
Trump scheduled this pro-#crypto announcement at the White House at the EXACT same time as Jay Powell’s post-FOMC press conference. Trolling Powell… Gee, I wonder what the President’s Working Group’s report will say about the Fed’s role in all the #debanking.
Nothing is accidental in media environments at that level. But the Fed claims it is “independent”, right? Therefore, the Executive Branch does not have to work around their schedule either!
Fractional reserve banking is obsolete. Central banks becoming irrelevant.
vs
Trump admin holds $23.2B in seized Bitcoin yet pushes crypto into 401(k)s – not regulatory clarity, but capitalizing on forfeited crime proceeds. Today’s “regulatory Bible” arrives 198,012 coins richer from asset seizures while gutting Biden-era consumer protections.
The Strategic Bitcoin Reserve created March 2025 now stockpiles illicit gains as policy centerpiece, contradicting claims of tech neutrality. With Trump family crypto ventures complicating Senate negotiations and GOP rebels delaying the GENIUS Act, this “crypto capital” fantasy prioritizes political theater over stability. Powell trolling can’t mask 401(k) gambits lacking bipartisan support or safeguards against $23B in volatile, seizure-sourced assets.
A “crypto capital” built on forfeited coins & press conference stunts can’t claim regulatory legitimacy – just another grift ledger.
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It’s kind of amazing that Trump has managed to appoint close allies as federal judges overseeing places Trump lives. Eileen Cannon, confirmed in 2020, decides on any Mar-a-Lago search warrants. Emil Bove, confirmed yesterday, decides on any Bedminster search warrants.
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Ted Lieu @tedlieu
CANCEL THE CUTS RELEASE THE FILES
Today marks the 60th anniversary of the creation of Medicare and Medicaid — and nearly one month since President Trump’s federal budget cut almost $1 trillion from Medicaid.
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Gennady Timchenko’s Arctic Cash Loopholes in U.S. Assets
Gennady Timchenko has long been one of the Kremlin’s most strategic operatives in the global energy and financial sectors, leveraging his vast wealth and state-sanctioned influence to penetrate Western markets through opaque channels. A close ally of Vladimir Putin and a linchpin in Russia’s energy dominance strategy, Timchenko’s network of Arctic-based projects and shadow capital vehicles became one of the Kremlin’s most effective tools for moving sanctioned money into U.S. and European assets. Those same channels intersected with Donald Trump’s business empire at moments when he was desperate for foreign capital, leaving a trail of dependencies that remain relevant today.
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Michael Wolff saying Trump talked to Epstein about pushing Marla Maples down the stairs after finding out she was pregnant.
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2007: Epstein “would use the spa” at the Mar-a-Lago Club “to try to procure girls.”
https://pagesix.com/2007/10/15/sex-case-victims-lining-up/
Meanwhile, the Mar-a-Lago Club in Palm Beach last night confirmed a Web site report that Epstein has been banned there. “He would use the spa to try toprocure girls. But one of them, a masseuse about 18 years old, he tried to get her to do things,” a source told us. “Her father found out about it and went absolutely ape-[bleep]. Epstein’s not allowed back.” Epstein denies he is banned from Mar-a- Lago and says, in fact, he was recently invited to an event there.
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Bill Barr has some explaining to do. This was his DOJ and Epstein had broken bones in his neck inconsistent with suicide. Barr said he was “appalled.” He should be. That prisoner was his responsibility.
Epstein-Barr?
https://www.npr.org/2019/08/12/750492186/serious-irregularities-at-jail-where-epstein-died-attorney-general-says
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Winning Democracy in the Long Term
Who would ever use big money to prioritize statehouses?
Um…the Koch Brothers, that’s who.
It’s called ALEC and it’s why they’ve been winning.
We must do the same.
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“Anybody bringing European goods into the U.S. is going to pay a tax equal to 15% of the value. And … there’s overwhelming evidence that the great bulk of that is going to end up being paid by U.S. consumers.”
https://newrepublic.com/article/198586/transcript-krugman-wrecks-trump-europe-deal-scam-voters
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What alternative is there but to gerrymander, wnen the courts aren’t upholding fair district laws? Control of the House of Representatives has gone to Republicans in both of the last 2 cycles because Republicans have rigged the elections.
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AML ironically means anti-money laundering
Founder And CEO Of AML Bitcoin Sentenced To Seven Years In Prison For Multi-Million-Dollar Fraud Scheme
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