BREAKING: IF THIS Happens, The Cryptocurrency Market Will PUMP, $3 TRILLION worth Of Funds

Well, heres a blast from the not so distant past. It looks like a major company might have been super hush hush over the last few years and might actually be planning to integrate cryptocurrency onto their platform after all, the issue is… some people have a huge issue with this. And it looks like a huge amount of money flowing around the planet has been used for illicit purposes, however, you’ll never guess who the actual culprit is.

Articles: https://thecoinrise.com/meta-to-answer-us-committee-over-crypto-plans/
https://www.coindesk.com/policy/2024/01/22/sec-shut-off-extra-security-on-x-for-7-months-letting-hacker-breeze-in/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
https://www.cryptopolitan.com/nasdaqs-report-3-trillion-illicit-funds-flow/
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Hello everybody welcome back for another video hope you’re all doing well and that you’re all having an absolutely fantastic day uh one really easy way to support the channel is by leaving a like hitting the Subscribe button subscribing to the channel and or leaving a comment

Or two it does a lot for Al Gore’s Rhythm and without any further Ado let us jump right into it uh for whatever reason Under the Sun uh this ended up being one of the most popular news stories out there right now uh back in the olden days and I mean like

2018 for some reason this was a dramatically Hot Topic uh back then known as Facebook or still known as Facebook I don’t call them meta it’s like I’m not going to call you the point is is that a number of years ago after the hotness of Bitcoin became quite apparent in

2017 a number of companies began to add the word blockchain to their companies which set off a lot of price exploration on a number of stock exchanges around the world as these companies profits stock prices began to Skyrocket literally Skyrocket because they added the name blockchain around 28

2019 we had rumors that a lot of companies were going to start integrating crypto and using crypto and then out of nowhere we had news that Facebook was going to be using Bitcoin this like I said the olden days the general idea at least from what we

Received is that apparently a lot of high ranking members of the Facebook company really liked Bitcoin which told me back then that mean that means that they were definitely buying a lot of other people threw my uh ideas away because we saw nothing on chain from them so therefore these people were of

Course not into Bitcoin the other point was is that they we I don’t know if it was documents or what or maybe Zuckerberg came for I don’t know what happened anymore but someone came forward and they were like we originally planned on just using Bitcoin the

Problem was or is is that Bitcoin is far too slow it could not handle what we wanted to do so therefore we decided to make our own coin at that point I began to roll my eyes and for those of you who were not here or do not remember the

Drama that unfolded 24 hours after was quite Dramatical because the way that the story unfolded quite quickly was that a large number of uh people around the globe it was not just within the United States had a a lot of trouble with the idea of Facebook having their own digital

Currency uh it wasn’t that it was going to be similar to bitcoin and and that it would have fluctuating value was meant to be a stable coin and I think what was the original name of the coin was it no it wasn’t metac coin I know DM was one

Of them like d IEM was one of the names of the coin but it had another name before all of that ended up taking place the rumors were apparently that we and end up getting was that allegedly allegedly wink uh Facebook had been in discussions with a number of countries

Around the world uh in an effort to try and get them to actually join on board with their new digital currency that they were planning on launching the rumors were that these discussions had been going on for a while and part of the problem is well uh the US flips out

Anytime that anyone mentions using anything but the US dollar the other gigantic issue is is that Facebook in allegedly having spoken to these other countries and multiple companies were trying in essence to make this the de facto currency of the internet as Facebook I believe has over 1 billion

Users and the idea was according to documents that we heard about in the news is that if Facebook had created their own digital currency they would have de facto become the largest bank on the planet overnight with the potential to have 1 billion people using their

Coin as you might have guessed this is what sent a lot of people around the world into a complete frenzy it was it was basically government uh position holders and politicians and stuff like that and a lot of people from the US as well this this is why there was a

Congressional hearing a senatorial Hearing in uh Zuckerberg was made into thousands of memes with a lot of people not really understanding the actual implications of what they were trying to do because the news was that if they were talking to a number of different countries it was on a debt basis I.E uh

The rumors were that they went to a number of countries who aren’t allegedly maybe not doing so well economically and similar to what China is doing right now what China is literally doing right now to Africa is they went to these countries and basically said we can help

You pay off your debt we can help you build infrastructure we can make it so that your country looks like these other countries who have high gdps but we just ask that you make our currency Facebook coin legal currency in some sort of way or your government uses it or you know

What like it’s it’s Incorporated heavily into your system that’s why there was also a chart I don’t have it here you can find it uh there were I believe initially 30 like Mega companies who were also onboarded to actually use Facebook coin the moment it would have

Been launched the thing is is that with Facebook having a Marketplace and having these 30 Mega companies who were on board all you as Facebook would need to do is not only tell people that it’s active but also have these companies simply say hey we’re offering a 15 20

25% discount on any ride sharing app you use if you go to these supermarkets you get 25% off just use Facebook coin it would take no more than 6 to n months for it to be a worldwide phenomenon especially as everyone’s always looking for a good deal 15 25% off on anything

That you do of course it would have taken off so for some reason or rather nope that’s definitely the reason uh governments went completely insane there were all these hearings for it and basically Facebook shut down the idea of anything that would have to do with them

Having a digital coin I believe they sold off their coin to another company which I think has also since then gone bankrupt which is a a heck of a thing to have sold imagine creating a currency selling it to someone and then that company goes bankrupt and all

You’ve done is like hyper profit from it for whatever reason this has lurched back into the news I’m not exactly sure why but it was on nearly every single cryptocurrency news websites website and that’s where we currently are social media Gian Facebook apparently has to answer has to answer the United States

House Financial Services committee over its plan to integrate cryptocurrencies and blockchain token onto their platform Facebook and Instagram the news that we got even after they gave up plans for DM the name of their coin after they kept on rebranding it they said that they still have aspirations to integrate

Cryptocurrencies it’s been told to us for a while that these people I mean they’re they’re in Silicon Valley you got to you know money money uh that they do like Bitcoin and cryptocurrencies a lot and the idea similar similar but not quite the same to Twitter payments as

Twitter payments are believed to just be for a while US dollar euro Yen equivalent payments that Facebook wants to integrate crypto coins onto their platform which is even weirder that that didn’t make larger news than Twitter doing it which has a falling user base and I I I don’t I I don’t really

Understand how people’s minds work the issue is committee ranking member her name is Maxine Waters sent a letter letter to Facebook founder and CEO Mark Zuckerberg and operating Chief Javier olivan questioning the company’s plans regarding digital Assets in a letter sent to the executives on the 22nd of January the

Congresswoman referenced the trademark applications filed by the tech firm on the 18th of March of 2022 stating that the filings appear to represent a continued intention to expand the company’s involvement in the digital asset ecosystem end quote Waters who is currently the US Representative for California’s 43rd congressional district said the trademark application

Shows that the $980 billion company is working on digital assets despite telling Democratic Financial Services committee staff on the 12th of October 2023 and I quote that there is no ongoing digital assets work at meta apparently this is popular news because it looks like maybe metab book is still

Going to be doing some type of a cryptocurrency integration I think they would be foolish not to if we get the idea what is it isn’t it telegram telegram has ton coin we’ve heard rumors of other social media apps and platforms also intending to integrate crypto in

Some sort of way if Twitter eventually does it over the course of the next year or two with regulatory approval of course Facebook is going to try and do the exact same thing of course I’m sure they want their own coin cuz can you imagine if Facebook had become the

Largest bank overnight this is why years ago I think people didn’t know what was going on why there was so much push back and there was so much I don’t care for the term fud but like a lot of lies about all these things because they were

Completely not that they were blowing it out of proportion but they were trying to terrify the general public so much of this idea and it’s like no they did a really smart move they were trying to basically have their own digital currency that would have made them

Excessively wealthy um but yeah all over the news again so there will be some kind of a hearing there will be some kind of a discussion or something about what’s going on I have to sneeze and it’s like driving me crazy oh that was terrible thank you to

Anyone out there who said bless you I can’t hear you but still thank you very much um yeah so the news is I mean and the timing the timing is also a little weird uh it looks like you know as we move towards the what do you call it as we

Move towards the having you know that kind of news always ends up coming out forward so Facebook might be having a a thing where they introduce crypto onto their website I’m sure they’re planning on it but apparently there needs to be another discussion it’s so weird I don’t

Know maybe this is why we also heard people were asking uh if Amazon was going to be making their own coin as were number of other companies and they all were like no like kind of hush hush but also saying no at the exact same time so I guess it’s because people

Don’t want this that’s the Facebook might be integrating crypto news might be I mean we’ll see by like March that that’s usually the you know before the having of news and yeah let’s move on also in sure Gary I believe you so for those of you who don’t remember uh

Right before we got the acceptance of the multiple spot Bitcoin ETFs uh if you were online it was a it was a rocky day the day before because the SEC tweeted that the SEC had had accepted the Bitcoin ETFs and that they had all been approved um and then like 2 minutes

Later the SEC was like no that wasn’t us uh we were hacked and then apparently uh we heard news that the SEC was going to do an internal investigation of all these things which makes no sense you can’t how do I say this if a company or

A bank does something wrong an internal investigation is only going to come up negative because why would they snitch on themselves doesn’t really make a lot of sense the US SEC has confirmed that a hacker took over their Twitter account through a Sim swap attack that seized control of a

Cell phone associated with the account I don’t think that’s how it works that allowed the outsider to falsely tweet on the 9th of January that the agency had approved spot Bitcoin exchange traded funds a day before the agency actually did so they said and I do quote access

To the phone number occurred via the Telecom carrier not via SEC systems a spokesperson for the agency said in a statement on Monday SEC staff have not identified any evidence that the unauthorized party gained access to SEC systems data devices or other social media accounts the SEC did not identify who

The Telecom carrier was apparently the agency also had deactivated their multiactor authentication on the account in July of 2023 due to issues accessing the account the spokesperson said the protection has since been turned back on it’s not that I don’t believe them as much as I don’t

Believe them uh It is believed or rather the general consensus from the public is that basically this was a tweet that was going to go out it probably went out too early someone maybe messed up the time and therefore they’re trying to like backtrack and just who knows exactly

What really went on but you can’t investigate yourself apparently I I think I saw that the FBI got involved I don’t know if it was that deep but sure why not so the the joke or the the running gag at the moment is that the SEC told people last summer

That they should have as much due diligence online when dealing with anything digital have uh double Factor authentication and emailed this and all these other like parameters to make sure that people don’t get hacked or whatever and then the SEC deactivated their own things and then it ended up happening to

Them that they told other people to take care of so cool so I guess we can close the the the book or the page on on this entire discussion as well you know I I have a feeling it was just a simple slip up but they’re making it

Seem far more dramatic than it probably actually is I mean it was just like an early tweet they don’t have to go completely insane that’s the SEC um news news okie dokie let’s move on and um I think this should be more spoken about that would be absolutely completely fantastic actually um over

The course of the last years we’ve heard far too many times uh that cryptocurrencies are only used by criminals uh this was disproven a number of times uh by onchain analytics companies who literally came forward and they were like no no no there’s like a the like maybe like a minuscule amount

Of things that have been going on but they’re not it’s it’s not as serious as people are actually making it out to be so recently there was something that was done by the NASDAQ where they went over Financial crimes around the world and wouldn’t you know it not a lot of cryptocurrencies

There NASDAQ had a Global Financial crime report and apparently it sheds some light on the scale of illicit funds flowing through the Global Financial system which apparently according to them reached a staggering $33 trillion last year alone while addressing various aspects of financial crime this comprehensive report notably

Did not have any mention of cryptocurrencies that’s kind of weird right wouldn’t you expect that they had a lot of it especially since cryptocurrencies are so terrible and only criminals are using them notably admitting cryptocurrencies including Bitcoin and stable coins as conduits for these illicit funds because

For those of you who do not know the vast majority if not the all majority of financial crimes tends to actually take place with Fiat a lot of um criminals have kind of learned that uh having online transactions ain’t so good as it has a trace and therefore you do stuff

With uh usually us dos there’s a lot of documentaries if you ever get a chance to watch them as well of them are very interesting we we we spoke about this lightly last summer as well there’s one documentary oh I’m sure anyway there’s one that I saw but I’m sure there are

Many on this topic where they were talking to people in Latin America and people who were like making fake currencies in fake dollars and they’re like I don’t want to use the term genius for something that’s illegal but it was very interesting to see it being done

And they were like yeah you know if you’re dealing in stuff you can’t take this money and go to a bank and be like I’m going to deposit oh for those of you who also don’t know they were saying you can’t go and deposit $9,999

199 CU even that sets off alarms in a lot of countries if you deposit more than 10K you you know like certain Bells will be wrong especially if you do it more than multiple times but apparently for those of you who didn’t know it’s also illegal to make sure that you go

Under that number so if you I just heard someone suck their teeth I know if you deposit 9, 999.999 knowing that you’re going under the number this is also some type of a like an evasion of something so what have you so they were saying the way

That you do it is you make sure that you just make tons of cash and you use it in various aspects you find people who will accept it for this or accept it for that or do things what have you so on and so forth um but that’s usually what ends up

Happening a lot of it is in Fiat you do it in the most liquid thing that is also untraceable so the idea of you using as we’ve heard many times before in the news uh using crypto for something illegal is usually done by people who don’t know how computers work you think

I’m joking you can find news from 2015 16 17 18 maybe 2019 of um physical Bitcoin um ATMs you know like the things you walk up to you put cash into there were numerous stories I remember laughing I I remember being like there’s no way uh numerous stories of criminals

Going up to them and smashing the machines open now someone said why why would you do that because they thought that there was physical Bitcoin inside of it so it’s usually done by people who don’t don’t have a lot in La cabesa kind of kind of thing going on uh most people

Just tend to use cash around the world nasdaq’s report points a grim picture of the world’s ongoing battle against Financial crime the report estimates that a substantial portion of the illicit funds approximately just a lot of money $ 782.ersp.biz and then also can’t say those words either a lot of money went to things that they consider or rather that are definitely illegal uh and apparently an alarming $485 billion was associated with fraud as well nasdaq’s CEO Adena fredman acknowledge that financial institutions have been at the Forefront

Of addressing these issues for decades I don’t know about that Adena a lot of banks are usually the people who are committing these crimes did you guys see my videos about four days ago I I don’t remember what the title is I can’t if I tried to remember i’ I’d probably start crying

What whatever one of the videos was a couple of days ago uh people found information as to how much uh just just JP Morgan Chase how much they’ve paid in fines for having done stuff that was allegedly illegal and it came out to it was like $29 billion it

Was it was something literally like it was a double digit multi-billion dollar kind of thing and I was like just imagine like what they have gotten away with that no one knew about but also like the fine for something tends to be a lot lower than you actually like than

The actual crime uh per se so I don’t think financial institutions have been at the Forefront of addressing anything they’re usually the ones who are doing it because they’re the ones who write the laws and make stuff in their favor so they know that if they just wink

Happen to be um sitting in traffic and they look over and there’s a king um tons of anything and it’s worth like 30 billion that Their fines are only going to be like 200 million so uhhuh however she underscored the importance of recognizing that no single company can effectively combat Financial crime in

Isolation and this is why you’re seeing so much talk this is exactly why you’re seeing so much talk of countries talking about um having stable coins making stable coins Andor integrating uh Central Bank digital currencies as the main way while you may be told that you should be terrified of Central Bank

Digital currencies because you’ll be tracked online everything you already do online is tracked any any the addition of Central Bank digital currencies only actually helps governments in situations for where they deem that people might be evading taxes Andor situations like this now understand here’s the main takeaway from it governments don’t

Really care that a lot of these illicit things are happening this is not a tinfoil hat moment this is I’m telling you this because you’re adults a lot of governments we found out through history and through documents that became uh uh legal for for viewing by the public a

Lot of governments are usually like the people who do a lot of these things they make money from them watch documentaries about the can’t say those words um there’s a documentary on Netflix um you hang your hat on a rack everyone with me and the third letter of the alphabet

Is now combine those words together there’s a document on that on Netflix and it is quite intense because uh in documentry we find out that maybe there might have been some involvement by uh multiple governments for the situation back in the 80s and the 90s anyway the point actually

Is it’s not that they care about these events happening so much as if they’re going to happened they basically want taxes from these events or they want to know where the flow of money is going so that they can also get their share I

Lived in a I I lived in a world many years ago where I assumed uh we were to be protected and or uh how do I say this that money simply wasn’t everything uh but cash really does rule everything around us uh dollar dollar bills y’all because it is

Really intense what’s actually happening in the world so so as the years go on we will see uh stable coins and digital currencies and transactions being tracked even more so than they currently are you’re not losing out on any extra level of privacy that you might already have that’s already been gone since

Around the year 2001 or so but uh I found this interesting because I like numbers I like information like this I like to know you know it’s it would be completely nonsensical to believe or to think that no cryptocurrency is being used in what might deem to be uh illicit transactions

However you know we know that it’s Fiat and governments basically want their slice of pie this is why you keep hearing about it and why they’re trying to have Global standards around stable coins and Central Bank digital currencies because for those of you who don’t know I think even India just India

Alone I think the government believes that they’re missing out on billions of dollars of tax revenue and as such they have to make life uh far more complicated for everyone else as they move into this uh hyper digital future we live in a very weird world I I know I

Say that all the time uh but if you ever get a chance don’t fall down too much down the rabbit hole even online but more so just like sit and think about the world that we live in and all the stuff that’s going on and just the

Movement of money how much money people have what they do with this money how they accumulate more uh there’s a really not that this pertains to anything but it’s more of a really weird video that U my friend sent it to me on Instagram and

It was this woman uh I think she lived in Dubai and she was talking about like um her monthly allowance like that’s how she phrased it it was some sort of someone else must have seen this and she was talking about how much money she had

In like what she did every single month and she was talking about her her um her nails getting done was around like 3,000 and she was buying bags worth around like 15,000 and then she mentioned something along the lines of like uh her monthly like housing budget

And it it wasn’t like for her rent it was for like how much she had every month to buy new property and it was 200k and I was like we we live on completely different planets like the world like is literally like people can’t imagine I mean can you imagine having a

Budget every month of 200k I I heard someone say yes and was like yes I can totally imagine that anyway the world is fascinating and it’s all being documented at this point so I think that’s going to do it for this video um I do sincerely hope that you’re all

Doing well that you’re all having a great day a great morning a great afternoon wherever you are wherever the heck you might be I do sincerely hope that it’s absolutely fantastic um thank you all once again for watching listening liking commenting Andor supporting I’m going to give it I’m

Going to give it middle of March we’re probably going to hear that Facebook is going to be integrating some kind of coin or doing something with crypto that would also be great for the market by the way yeah and I will most certainly be talking to you all soon see you