1 00:00:07,133 --> 00:00:10,453 Speaker 1: You're listening to the Saturday Morning with Jack Team podcast 2 00:00:10,573 --> 00:00:12,853 Speaker 1: from News Talks. That'd be well. 3 00:00:12,853 --> 00:00:17,853 Speaker 2: The US government had been investigating how crypto currencies were traded, 4 00:00:17,893 --> 00:00:20,333 Speaker 2: but the new prison has meant for some big changes 5 00:00:20,373 --> 00:00:23,653 Speaker 2: on the crypto front in the US. Our expert Paul 6 00:00:23,773 --> 00:00:26,213 Speaker 2: Stenhouse is here with the details. He's a big crypto 7 00:00:26,333 --> 00:00:29,853 Speaker 2: guy at the best of times. But yeah, well, I mean, 8 00:00:30,533 --> 00:00:32,573 Speaker 2: if only you had been a big crypto guy, right, 9 00:00:32,613 --> 00:00:35,253 Speaker 2: because it's with a whole lot more today than it 10 00:00:35,373 --> 00:00:36,413 Speaker 2: was three months ago. 11 00:00:37,013 --> 00:00:40,093 Speaker 3: Yeah, I mean I did. I did make a little 12 00:00:40,093 --> 00:00:40,773 Speaker 3: bit of money out. 13 00:00:42,933 --> 00:00:44,533 Speaker 2: Did you have a mean coin or did you just 14 00:00:44,533 --> 00:00:45,253 Speaker 2: go with bitcoin? 15 00:00:45,733 --> 00:00:45,813 Speaker 1: No? 16 00:00:46,013 --> 00:00:47,813 Speaker 3: Just bitcoin. I was just scared to do the others. 17 00:00:47,853 --> 00:00:50,253 Speaker 3: But I do know people who have made like six figures, 18 00:00:50,613 --> 00:00:52,973 Speaker 3: so do I coin. Yeah, it's pretty incredible. 19 00:00:53,053 --> 00:00:58,533 Speaker 2: Well you got five grades, don't laugh. I mean that's impressive. 20 00:00:58,613 --> 00:00:59,053 Speaker 3: Yeah. 21 00:00:59,253 --> 00:01:01,533 Speaker 2: Yeah, probably know a few people have lost money as well, 22 00:01:02,493 --> 00:01:05,573 Speaker 2: spect Paul, But you don't hear about the stories plan anyway. Anyway. 23 00:01:05,733 --> 00:01:07,813 Speaker 3: No, So, the the big app that people used typically 24 00:01:07,933 --> 00:01:11,773 Speaker 3: is called Coinbase, and Coinbase was the target of the 25 00:01:11,813 --> 00:01:16,893 Speaker 3: SEC's investigations as the sort of biggest player, and the 26 00:01:16,933 --> 00:01:20,013 Speaker 3: SEC was sort of looking at the crypto market and saying, 27 00:01:20,453 --> 00:01:23,253 Speaker 3: this looks a lot like stocks, this looks a lot 28 00:01:23,293 --> 00:01:27,293 Speaker 3: like bonds, and those types of things typically need to 29 00:01:27,293 --> 00:01:29,853 Speaker 3: be registered with the FBC. There are very strict rules 30 00:01:29,853 --> 00:01:32,853 Speaker 3: and regulations about how you sell them, how you don't 31 00:01:32,973 --> 00:01:35,613 Speaker 3: lock up periods, about information and all sorts of things, 32 00:01:36,133 --> 00:01:39,453 Speaker 3: and they went, this looks pretty similar. And so there 33 00:01:39,573 --> 00:01:43,013 Speaker 3: was this investigation taking place, and now with President Trump, 34 00:01:43,613 --> 00:01:48,973 Speaker 3: it seems that that has disappeared. Jack the Coinbase CEO, 35 00:01:49,053 --> 00:01:51,333 Speaker 3: said that the SEC says that they're going to fully 36 00:01:51,373 --> 00:01:55,053 Speaker 3: dismiss its investigation. No penalties are applying to it, and 37 00:01:55,093 --> 00:01:58,573 Speaker 3: it's basically case closed. Here's one thing that's interesting to note. 38 00:01:58,573 --> 00:02:03,453 Speaker 3: Though Coinbase gave seventy five million dollars to pro crypto packs, 39 00:02:04,173 --> 00:02:07,613 Speaker 3: they made a seven figure donation to Trump inaugural committee, 40 00:02:07,973 --> 00:02:11,293 Speaker 3: and the CEO gave about one point three million dollars 41 00:02:11,293 --> 00:02:13,013 Speaker 3: in personal contributions. 42 00:02:14,813 --> 00:02:17,053 Speaker 2: Sure they're not those things aren't related at all. It's 43 00:02:17,213 --> 00:02:20,693 Speaker 2: totally totally independent. Series of act speak of the US 44 00:02:20,733 --> 00:02:24,133 Speaker 2: government and the big changes that are underway. Despite President 45 00:02:24,173 --> 00:02:27,413 Speaker 2: Trump's close relationship with Elon Muski la Musk, of course 46 00:02:27,413 --> 00:02:31,053 Speaker 2: being the founder of Tesla. The US government is turning 47 00:02:31,053 --> 00:02:32,533 Speaker 2: off it's EV charges. 48 00:02:33,373 --> 00:02:36,413 Speaker 3: Yeah, maybe it's because they don't have enough Teslas and 49 00:02:36,413 --> 00:02:39,973 Speaker 3: they've got other cars and who knows. But there's a 50 00:02:40,013 --> 00:02:43,133 Speaker 3: government branch called the General Services Administration that's sort of 51 00:02:43,173 --> 00:02:45,373 Speaker 3: like the ones who run all the facilities of the government, 52 00:02:45,733 --> 00:02:49,493 Speaker 3: and they are now starting to shut down turn off 53 00:02:49,613 --> 00:02:52,013 Speaker 3: all of the EV charges they had started to put 54 00:02:52,013 --> 00:02:55,253 Speaker 3: in because Biden was on a mission to basically try 55 00:02:55,253 --> 00:02:57,933 Speaker 3: to get over half a majority of the six hundred 56 00:02:57,973 --> 00:03:01,773 Speaker 3: and fifty thousand federal vehicles to be evs. And of course, 57 00:03:01,813 --> 00:03:05,773 Speaker 3: if you have EVS, you need charges, you need infrastructure. 58 00:03:07,053 --> 00:03:09,373 Speaker 3: They have basically now said that it is quote not 59 00:03:09,493 --> 00:03:13,213 Speaker 3: mission critical to be spending time, effort, money on these charges. 60 00:03:13,573 --> 00:03:16,973 Speaker 3: So instead of just turning them off or letting them 61 00:03:17,333 --> 00:03:20,093 Speaker 3: break and not fix them, they're actually working to remove 62 00:03:21,733 --> 00:03:25,173 Speaker 3: those exact things they had already started putting them in. 63 00:03:25,373 --> 00:03:28,573 Speaker 3: They were talking about sort of eight thousand plugs that 64 00:03:28,653 --> 00:03:32,213 Speaker 3: were across the federal government, and they've already started to 65 00:03:32,253 --> 00:03:35,493 Speaker 3: buy evs. Jack They've already started to buy fifty eight 66 00:03:35,533 --> 00:03:38,573 Speaker 3: thousand as of March last year, late the number was 67 00:03:38,973 --> 00:03:41,693 Speaker 3: So what happens to the cars that they've audited. Yeah, 68 00:03:41,733 --> 00:03:43,053 Speaker 3: are they going to be sold? Are they going to 69 00:03:43,053 --> 00:03:45,453 Speaker 3: be put into storage? It seems like a little bit 70 00:03:45,453 --> 00:03:45,973 Speaker 3: of a waste. 71 00:03:46,053 --> 00:03:49,413 Speaker 2: Yeah, that's interesting. Yeah, a lot of changes on that 72 00:03:49,493 --> 00:03:50,933 Speaker 2: front at the moment. It's hard to keep up, so 73 00:03:50,973 --> 00:03:53,573 Speaker 2: I thank for bringing those to our attention. Paul. Paul's 74 00:03:53,613 --> 00:03:55,973 Speaker 2: then house our texpert there. In a couple of minutes, 75 00:03:56,013 --> 00:03:58,373 Speaker 2: doctor Brian Betty's in with his tips on recovering from 76 00:03:58,493 --> 00:04:01,853 Speaker 2: sprained ankles and what distinguishes a sprained ankle from other 77 00:04:01,893 --> 00:04:04,693 Speaker 2: injuries you might have in that department eighteen to eleven 78 00:04:04,733 --> 00:04:05,773 Speaker 2: on news doorg Z'DB. 79 00:04:06,533 --> 00:04:09,613 Speaker 1: For more from Saturday Morning with Jack Tame. Listen live 80 00:04:09,693 --> 00:04:12,533 Speaker 1: to News Talks at B from nine am Saturday, or 81 00:04:12,573 --> 00:04:14,493 Speaker 1: follow the podcast on iHeartRadio