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CRYPTO BLACK MONDAY? BNY BANK ETHEREUM & ELIZABETH WARREN SEC RIPPLE XRP!

#Cryptocurrency
2025-04-11 14:528 min read

Content Introduction

The video discusses recent developments in cryptocurrency, focusing on BNY Mellon, one of the world's largest custodial banks, launching new crypto services built on Ethereum. Host Tony Edward highlights criticisms from Elizabeth Warren against the SEC for dropping cases against major crypto exchanges like Ripple. Additionally, the video covers market trends, including Bitcoin's stability and comparisons to the volatile stock market. There are discussions on the SEC's effort to reassess crypto regulation under acting chair Mark Waya and the potential for rate cuts due to economic pressures. The host also emphasizes the growing interest among financial institutions in blockchain technology, noting that major banks are developing digital assets and networks to adapt to the evolving market. The segment concludes with insights on how these changes will influence the financial landscape and a promotion for the sponsor, Propy, which integrates real estate and blockchain.

Key Information

  • BNY Melon is one of the world's largest banks and has launched new crypto services built on Ethereum.
  • Elizabeth Warren is criticizing the SEC for dropping lawsuits against various crypto exchanges, including Ripple.
  • The podcast host Tony Edward discusses the current state of the cryptocurrency market, including Bitcoin's recent price drop.
  • The stock market is experiencing significant losses, with almost $6 trillion removed amid fears related to tariffs.
  • There are calls for the Federal Reserve to cut rates and implement quantitative easing due to the market downturn.
  • The introduction of BNY Melon's digital asset product 'Data Onchain' aims to provide insights into blockchain and off-chain data.
  • Investors are increasingly adopting blockchain technologies as institutional acceptance grows.
  • Elizabeth Warren is under scrutiny for her connections with the SEC and the financial industry, particularly in relation to crypto regulations.

Timeline Analysis

Content Keywords

BNY Melon

BNY Melon, one of the largest banks globally, announced the launch of new crypto services built on Ethereum. This includes their latest digital asset insights product called BNY Data Onchain, which aims to securely and efficiently deliver data across blockchain networks.

Elizabeth Warren

Senator Elizabeth Warren is criticizing the SEC for dropping cases against various crypto exchanges, including Ripple. She is pushing for greater regulatory clarity and accountability within the crypto space.

Bitcoin Market Update

Bitcoin has experienced price drops recently but is moving sideways rather than significantly declining like traditional stock markets. The market faces a correction partly due to tariff fears.

SEC Update

The SEC's acting chair has directed staff to review statements concerning crypto risks and security laws. This initiative may lead to modifications or rescissions of previous statements, particularly those issued under past leadership.

Crypto Adoption

Large financial institutions are increasingly recognizing the potential of blockchain technology and are actively engaging in building services and infrastructures that leverage this technology.

Propy

Propy is a leader in the real estate industry that integrates blockchain technology for real estate transactions, allowing properties to be bought and sold using cryptocurrencies.

Related questions&answers

What recent news has BNY Mellon announced?

BNY Mellon has launched new crypto services built on Ethereum.

What is Elizabeth Warren's stance on the SEC?

Elizabeth Warren is critical of the SEC for dropping cases against various crypto exchanges.

What price is Bitcoin currently trading at?

Bitcoin is currently trading at $78,000.

How has the recent stock market performed compared to Bitcoin?

The stock market has seen significant drops, while Bitcoin has been moving sideways.

What are some concerns regarding crypto exchanges?

There are concerns regarding the SEC's handling of lawsuits and the clarity provided to the crypto markets.

What innovations are BNY Mellon's new services providing?

Their services aim to securely deliver on-chain and off-chain data across blockchain networks.

Why are some politicians critical of crypto?

Critics argue that some cryptocurrencies may be scams or volatile, impacting investors negatively.

What does the future hold for blockchain integration in finance?

There's a strong belief that government and major financial institutions will increasingly adopt blockchain technology.

What products has Wisdom Tree announced related to crypto?

Wisdom Tree has introduced BTC and ETH ETFs and is now launching Connect for tokenized real-world assets.

How can individuals engage with cryptocurrency for real estate?

Individuals can now buy real estate using cryptocurrencies through platforms that facilitate these transactions.

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