Episode Details

20th June: Crypto & Coffee at 8
🟢 SEC drops investigation into Ethereum 🟠 German Government Moves $425M Bitcoin 🏦 Bank of Thailand — De-Dollarization by CBDC 🏦Iran to launch CBDC ❗

🟢 Consensys mentioned via Twitter (X) that the Enforcement Division of the U.S. Securities and Exchange Commission has notified them that it is closing its investigation into Ethereum 2.0. This means that the SEC will not bring charges alleging that sales of ETH are securities transactions. Tweet here https://lnkd.in/dqDEpVbg 

❗ The decision follows a letter Consensys sent on June 7, asking the SEC to confirm that the May ETH ETF approvals, which were premised on ETH being a commodity, meant the agency would close its Ethereum 2.0 investigation. 

- To what extent do the US elections influence the SEC’s decision-making process?

⚡ German Government Agency has transferred $425M in Bitcoin, some are to Crypto Exchanges Arkham previously identified the address as belonging to the German Federal Criminal Police Office (BKA), which had seized nearly 50,000 BTC from a piracy site. Transactional data shows deposits worth $32 million each to Kraken Digital Asset Exchange and Bitstamp, which may indicate intentions to sell.

⚡6,500 BTC to the address here https://lnkd.in/d3kEsM9A and then back to itself. The power of publicly verifying transactions. With FIAT & CBDC it is impossible for the average person to verify transactions! Arkham CEO Miguel More told CoinDesk over Telegram Messenger info here https://lnkd.in/dBTNF9nm 

🔵 The Bank of Thailand is increasing its gold reserves to support a de-dollarized trading system using the Mbridge CBDC project. Analyst Jan Nieuwenhuijs suggests this move addresses trade imbalances and follows China’s gold-buying trend. The recent cooperation between China and Thailand aims to facilitate non-dollar trading and promote de-dollarization. Info via Bitcoin.com here https://lnkd.in/dihpdt28
- How is this connected to Petro Dollar? 

🚨 Iran — CBDC
- Iran’s central bank has launched a pilot scheme for its digital currency, the digital rial, starting June 21 on Kish Island. The island, situated in the Persian Gulf and known for its free trade zone status, will allow banking customers and tourists to use the digital rial. Kish Island attracts millions of visitors annually and does not require visas for tourists from various countries. Official info here