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Warning Europe Bans Crypto Smart Contracts

Originally aired on November 9, 2023

Wendy O starts the show discussing her morning routine and how she has started drinking bone broth. She shares that the crypto markets are looking good, with Bitcoin finally breaking above $20,000.

Wendy plays a clip of musician Jelly Roll’s emotional acceptance speech at the Country Music Awards, praising his wife. She talks about the importance of mental health and not giving up hope during tough times.

Looking at the crypto markets, Wendy analyzes Bitcoin’s price chart and potential resistance levels. She believes we are still early in the bull market. Wendy answers a question about whether it’s too late to buy Ethereum, advising dollar cost averaging.

Wendy covers news of the EU looking to ban crypto smart contracts. She explains how this relates to central bank digital currencies and increased regulation.

The SEC is going after crypto companies like Binance, while giving Ethereum a “free pass” in Wendy’s view. She discusses the SEC’s spending and lack of returns from lawsuits.

There is talk of reviving FTX under new leadership. Wendy shares her skepticism, believing FTX was a “psyop” designed to hurt crypto.

In Sweden, Bitcoin holders are being targeted and robbed. Wendy stresses not sharing your holdings or wallet details publicly.

What is Wendy’s morning routine?

  • Started drinking bone broth before coffee
  • Hopes it will help her lose weight and improve mental clarity
  • Buys organic bone broth from Costco

What is happening in the EU regarding crypto?

  • EU voted to approve Data Act banning most smart contracts
  • Wendy sees it as a move toward central bank digital currencies
  • Smart contracts allow crypto to work seamlessly

How is the SEC treating Binance versus Ethereum?

  • SEC sued Binance for offering securities
  • But Ethereum gets a “free pass” in Wendy’s view
  • She questions how the SEC spends money on lawsuits

What crypto security tips did Wendy share?

  • Don’t share your wallet or holdings publicly
  • You could become a target for criminals
  • Be careful discussing crypto assets in public

00:00 – We are blessed

08:45 – The entire crypto market

09:35 – BTC 6h & daily

11:15 – Is it too late to buy $ETH?

13:35 – Bitcoin flipped #tesla #tsla

14:30 – Europe to implement smart-contract “killswitch”

18:35 – Robinhood to launch in UK

19:00 – Coinbase offers leverage trading in the US

24:20 – SEC slams #binance motion to dismiss lawsuit

28:20 – Gary Gensler says FTX reboot can happen if done legally

30:10 – Tomemmer slams Gensler

33:15 – John Deaton still fighting for XRP holders

34:10 – LBRY FUD

36:50 – Grayscale vs SEC update

37:25 – All 12 Bitcoin ETFs could get approved soon

42:25 – Situation in Sweden