SWIFT Plans to Launch CBDC, Binance Founder CZ Sentenced, & Ethereum ETF News
On this episode of A Wiser Retirement®, Casey Smith is joined by Robert Swarthout, Founder, CEO, and Portfolio Manager of Teton Crypto Capital. They discuss how SWIFT plans to launch a CBDC, Binance founder CZ sentenced, and give an Ethereum ETF update.
Listen or Watch:
Summary
SWIFT plans to Launch a CBDC
SWIFT plans to launch a Central Bank Digital Currency (CBDC) platform, aimed at maintaining its relevance in digital transactions. Despite this initiative, there are doubts about SWIFT becoming the standard due to the potential adoption of more open blockchain technologies for CBDCs.
Swiss National Bank and Legacy Bonds
Swiss National Bank is taking the initiative to tokenize legacy bonds using blockchain technology. This move aims to make bonds more accessible by allowing fractional purchases.
Cryptocurrency Regulation: SAB 121
The Senate recently passed a resolution to overturn SAB 121, a regulation from the SEC that imposes stricter accounting requirements on banks dealing with crypto assets, causing some banks to halt their crypto operations. They criticize the SEC’s stance on crypto and discuss how regulation could further distance banks from the crypto industry.
Approval of Ethereum ETF
They discuss the potential approval of an Ethereum Exchange-Traded Fund (ETF) and its possible impact on the market, noting Ethereum’s dominance in smart contracts and its significant brand recognition. The pressure exerted by the crypto community on regulators for a clear decision on a Bitcoin ETF is also discussed, emphasizing the community’s efforts to influence high-level political figures.
Links:
- Click here to download one of our free guides that covers financial planning topics like retirement, investing, taxes, divorce, and more!
Connect:
- Click here to schedule a consultation with one of our financial advisors.
- Follow us on social media: Twitter, Instagram, Facebook, LinkedIn, and YouTube.
- Learn more about A Wiser Retirement™ podcast and access previous episodes.
Recent posts
Share This Story, Choose Your Platform!
Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). As a registered investment adviser, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment adviser’s registration.
Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.
To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.
