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Finally GOOD NEWS For Bitcoin! US Government SUPPORTS It?

7314 ratings | 169071 views
Today we are going to talk about the recent US Senate hearing on Bitcoin. The reaction to this has been overwhelming today, making many cryptocurrency enthusiasts beam with optimism. The star of the show was CFTC Chariman Christopher Giancarlo, who truly seems to believe that blockchain technology is something to be fostered, not hindered with excessive regulation. This was a welcomed piece of good news amid tough times on the crypto markets, so let's take a deep dive in and see exactly what went down. New Podcast Channel! - https://www.youtube.com/channel/UC2Q-Uk6OKdgpt3Zn6uJXX_A Get Coin Central merch here: https://coincentral.com/shop/ I also make videos about poker: https://www.youtube.com/c/DougPolkPoker I'm on Discord every day talking crypto. Join us here: https://discord.gg/sj3uBvg I also share my thoughts about crypto on Telegram: https://t.me/coincentral Follow me on Facebook: https://www.facebook.com/dougpolkcrypto Twitter: https://twitter.com/DougPolkPoker Instagram: https://www.instagram.com/dougpolkpoker/ Snapchat: http://www.snapchat.com/add/WCGRider Protect your crypto with the Trezor wallet: https://trezor.io/?a=coincentral.com Buy Bitcoin, Ethereum, and other currencies on Coinbase: https://www.coinbase.com/join/529fa0f298c10a166400013f Doug Polk is a professional poker player and cryptocurrency enthusiast. Crypto News is the show to keep up with the latest trends and stories involving Bitcoin price, Ethereum, Litecoin, Ripple, IOTA, investing, analytics, and various altcoins. I am not a financial adviser, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.
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Text Comments (1098)
Abel TOKPE (1 month ago)
hi hi how i on beninoi i work at the bank my grandfather was selling btc and he died it's 2two week and he left more than 8 btc i want to sell it, ci someone needs needs a month sign on whatsapp + 1 (315)587-0334
Hum Shak (4 months ago)
Doug will be the first crypt channel to get 1mil subs.
Ryan S. Madero (8 months ago)
I’ll buy some Doug coin whip that shit up sell it for a dollar to support your channel there I just got you a use case for Doug coin now when ico?
Peter Meissnitzer (9 months ago)
Bitcoin terrifies Big Banks, because it threatens their centuries-long monopoly over the world. Because Bitcoin makes it possible for ANYONE, who has some brain and knows how to use the technology, to become rich and be part of the money elite. That is what terrifies them, because they DON'T want that. The Big Banks rather want us all to remain poor and in debt for the rest of our lives while they SUCK away everyone's money like BLOOD LEECHES . There is a war between them and us. We want to become well off and truly independent. They want to prevent us from becoming well off and independent , the elite want to stay in power so they can do their EVIL deeds , depopulation , vaccines , all the EVIL stuff . IT'S TIME FOR THE MIGHTY BITCOIN TO CHANGE THE WORLD FOR THE BETTER.
Harry Canoli (9 months ago)
You need an editor. Blank tape in the beginning? But I like ya!
Karl Roberts (9 months ago)
Dam amazing video Doug.Good job! So much value, info and nuggets of wisdom.
Michael Neugebauer (10 months ago)
MyBigCunt ... sure i've heard of it... also known as BitConnect...
Crypto Conversations (10 months ago)
Love it...
Berly Weaver (6 months ago)
Crypto Conversations love yes because I have made a very good profit 1% everyday and for me that is good
One Bitcoin Buy Sell (10 months ago)
Who love Bitcoin crypto or another cryptocurrency, please thumb up of me.
Berly Weaver (6 months ago)
One Bitcoin Buy Sell hi how are you doing? For me I have been enjoying is profit 1% everyday for me is good profit
Upgrade Bitcoin (10 months ago)
It was really informative. Thanks for sharing :)
Glen Papenburg (11 months ago)
When Dougcoin moon?
Lazy LAG (11 months ago)
and this your agenda lol m8.
Cloud Richardson (11 months ago)
OMG with the no sound
SouthSideTommyD (11 months ago)
Please provide source video
joeryburns (11 months ago)
Doug questioning the value of crypto is odd cause are not google and amazon just dots and zero.s whats the value in that isn.t it all based on trust?
Nick Fotopoulos (11 months ago)
HODL!!!! (thumbs up when you hear it!)
Michael Somerville (11 months ago)
BRO!! I love it - he's saying basically, got that tron!!! ROTFL!! LOVE IT MAN!!
Mr Raphael (11 months ago)
Boring.. just tell is from the start in 5 minutes what they say :)
Dolfski (11 months ago)
The real voice behind Rick & Morty
Densite Webdesign (11 months ago)
I hate you doing that. Thats for me a reason to skip your video and thumsdown
AaronBonBarron (11 months ago)
MR. CRAPO HAHAHAHAHAHAHAHA
matt angelo (11 months ago)
Lol that blue foam was and is driving me nuts.
GRAND SLAM (11 months ago)
Doug... sound check pwease
David Lane (11 months ago)
Great update! Thanks Doug, you and data dash run the game for crypto news
Khayri Ali (11 months ago)
Your the host of poker night in America!! That’s awesome man
RPGaming (11 months ago)
I want to buy a DougCoin or PolkCoin. Make it so Doug! Coin focused on neutral crypto news.
ken mills (11 months ago)
Doug, I can't believe I just watched that whole video and ENJOYED it! Love your thoughts and, as always, the banter that comes with. Keep it up and I'll buy you a drink in a few weeks.
dfdfsdfsd (11 months ago)
Guys, can someone enter my code in the Electroneum mobile app? I need just one ref to have a chance for a weekly bonus. My code is: BC779D
Berly Weaver (6 months ago)
Hello dfdfsdfsd how are you doing? Have you been trading with bitcoin before?
Ahmad White (11 months ago)
Dougcoin is a shitcoin. We are going to pump and dump that shit and buy more Tron. Thanks for this vid man
Jeremy Wheeler (11 months ago)
I've never heard of "My Big Coin." But, I wonder if he's thinking of "Big Bullion." Which I sort of remember being called "Big Bullshit" in some of the forums.
Satoshi Bitcoinsaki (11 months ago)
Jay Clayton's old lady works for Goldman Sachs.
Michael Nicoletta (11 months ago)
T Doug Polk , The Fucking Truth
Chad Scott (11 months ago)
Elizabeth Warren is such a twat. She injects her own thing....cuz she doesn't have a fuckin clue.
Steve Dalriada (11 months ago)
DOPUG!!! What if you got "Bitconnected" BUt werent allowed to have a class action suit against them bcuz of POS Trumpo repubS???
E T (11 months ago)
good stuff
Wolf Blitzer (11 months ago)
About the volatility, when governments do as if they wanna do something against cryptos, the prices drop, if they keep their mouth shut ( because you cant ban crypto, same as the internet) the volatility is only an upward trend. So the volatility of crypto is not very much, its the news that makes it extreme volatile. about cryptos that replace the us$, Libya and Venezuela tried in the past to replace oil$ into oileuros, that meant war and boycot. USA fights back, but cryptos are worldwide USA knows they will lose this battle so if you cant fight it join it, thats whats happening now. The speed of transactions: internet was slow too in the 90's, speed of transactions will go up in the future. BTW your suit jacket is not decentralised, its old world, centralised. For the rest the video is to long to watch. Bitcoin value is related to the number of humans on the planet, as long the number of humans grows, the bitcoin value is going up, in the old world you had buildings etc that have value, in cryptos it is the number of humans on the planet. All the guys in the video do not know a lot about crypto but they all have invested in it, just in case! Including me. lol.
CryptBro Currencies (11 months ago)
NANO $XRB will be widely adopted.
Michael Warunek (11 months ago)
Thank you for lambasting Elizabeth Warren. You just went up 10 points in my book.
James Carr (11 months ago)
Ah, go on! Doug Coin!! :)
Ivan P (11 months ago)
What's up with the foam in the back?
entity5555 (11 months ago)
Never heard of my Big con, but we all know shitconnect and davor lol 😂
Martin (11 months ago)
I Hope that the EU will handle this the right way.
Berly Weaver (6 months ago)
Hello Martin how are you doing? Yes because I have been making a very good profit by making 1% profit everyday
Travzilla 88 (11 months ago)
I like your videos and value your opinion, but I have to disagree on the regulations. The WHOLE point of crypto is for it not to be regulated.
NICE DAWG (11 months ago)
I knew they were not going to bash it but so hard or really none it seems now ,it is a world wide money magnet that they can use for their system and that is what they want and that is Taxes out of what we can make . We do the work and they suck it up,,,so much for decentralization. ,,
Roid Gamez (11 months ago)
Before you mentioned that I thought of Rick . I was imagining Rick talking this whole time. I so happy you brought tht up. Means I'm not alone
tony g (11 months ago)
nice good thing
stewart baden (11 months ago)
good shit as always Doug....your a crypto legend! and your right..... get a strategy and fuckin stick to it!!!! some of those clowns from the US gov have no idea what the new financial future is about....we do!!! i'm from Nottingham England... we had Robin hood... he stole from the rich and grave to the poor....just like cryptos are.... but on a world wide scale!!!!!
Johnny Gerland (11 months ago)
you have a suit ??
Kyzer Ricoy (11 months ago)
@Doug on whether or not tokens are considered securities, like game skins and Doge: it all depends on whether or not the funds were raised by the company for the development of the business. If the company kept some of the money for their business then yeah they were basically securities, and whether or not people trade them after buying them or years later wouldn't change that. Many tokens, even that have utilities, may end up being classified as securities. The biggest implications of this would be then falling under all of the same regulations that securities currently are, including requiring KYC. Another reason Polymath looks so interesting, they are already SEC compliant and have the ST20 protocol for companies to easily tokenize their securities from anywhere in the world and be automatically compliant. The Howey Test is the way to find out if any token is a security, btw. Remember me pls.
Rusty Shackleford (11 months ago)
Gee it sure would be a shame if someone were to....tax the shit out of cryptocurrencies
Draco Dominus (11 months ago)
I'd buy a Doug Coin...
Eric K (11 months ago)
Are you going to fix that foam piece hanging?  LOL
༺ • AFINO • ༻ (11 months ago)
EXCELLENT JOB DOUG!!
Jason Nunn (11 months ago)
Hey dude, please could you fix that blue acoustic foam. It's triggering my OCD. Thanks in advance.
paul k (11 months ago)
Warren’s comment made sense bc you can apply their IPO regulations to ICOs.
theandy4ever (11 months ago)
loved the hearing review, thanks doug, also lold at your disabled mic
Duke Ung (11 months ago)
Bitconcent????? How blatant can they be??? Obviously a bitconnect rebrand.... scam alert!!!!
Jbig1430 (11 months ago)
Next time you do something like this do not mute your mic unless you are doing a million other things in the background
Lamptree (11 months ago)
Oh, the SEC?, let them go back to regulating stocks and bonds like the losers they are. There, they can regulate to their hearts content. Or, how about, let them get a life. Let the people go and let them invest in what they want without trying to stop them! Look, were not little kids that your supposed to watch over. Take your 'Big MAMA' government obsession somewhere else! Were adults now and don't like being talked down to and regulated, and patronized. Who asked them to step in and dominate us?? Stick to your d*mn stocks and bonds and get lost SEC a-hulls.
Christopher Drews (11 months ago)
Elizabeth Warren is concerned about ICO's being scams. I think she misspoke or didn't address that ICO's could do the same thing. The SEC blocked consumer protections and moving forward in Crypto, I would think you would d that critical as you and most crypto pros repeatedly state, "90% of the coins out there are scams." It was clear to me she wants to protect us by making sure theses ICO's KYC and follow some of the basic SEC trading practices. Much of which have been eliminated by the SEC hacks. By the way, not sure there really is a moderate liberal or conservative anymore. Maybe you should look into the progressive movement.
Jared Brintz (11 months ago)
Sen. Warren's question is clearly serving a dual purpose, however it applies to protecting investors in IPO's AND ICO's. Essentially they are one and the same and deserve the same consumer protections. Protecting companies (Traditional or Crypto) from class-action lawsuits levied by defrauded investors is a TRUMP ADMINISTRATION INITIATIVE and should not be allowed in open market capitalism. Granted she is extrapolating a little here, but totally in the realm of the hearing.
Derek Gold (11 months ago)
Every currency is a virtual currency. The fiat currencies are all traded on computer systems. The only difference is there isn't a printed paper to represent the faith and belief of the currency you or your country uses. Gov'ts want to pull it in regulate it to the max and tax it to the max because it's now a large market cap; otherwise, they wouldn't talk about it. Major issues that crypto have is the circumvention of Sanctions to inject money into and be able to trade with the US who are restricted. The other benefit for the gov't is to have everyone using a traceable online currency so long term everyone switching to a blockchain or crypto currency will eliminate paper money and be able to track everything. Canada now does ETF, US Gov't allows and regulated crypto futures. There's an obvious trend here to where there head is at and leading right now.
MuchFly Wow (11 months ago)
lol dogecoin has had a dev team, alpha 1 of new wallet 1.14 was just released. beta incoming soon.
Ričards Kočkers (11 months ago)
Yo dudes check out my telegram pump group. Search for GREEN CANDLE
Allison Sudberry (11 months ago)
Yassss 👏🏽👏🏽👏🏽 on the ripple. Keep being real and honest. Not everyone is going to be happy, but I am happy I follow you. You have helped me a lot.
Berly Weaver (6 months ago)
Hello Minister of Kupcakes how are you doing! Have you been trading with bitcoin before or have you been investing?
Rocco's Modern Lifestyle (11 months ago)
What Elizabeth Warren says has nothing to do with Crypto - "here lets listen in" lol
Christopher Vergara (11 months ago)
Great Job as always Doug keep up the good work!
Rajat Singh (11 months ago)
I feel proud that i started seeing ur vids, its been awesome, keep doing the good work man!!
Daniel Brown (11 months ago)
Fantastic mix of fact, fun and details, as always
PC SpecOps (11 months ago)
Doug see if you can get Charlie Lee on
Kurai (11 months ago)
I am guessing he didnt fix his statement on icon
TheAARSAA (11 months ago)
When MOOOOOOAAAAAAAAAAAN !!!!! Moons are over, pull back all, party is over, go home guys... Have a good day rest, recover from the crypto hangover... Come back when Sober :) Take this advice, you will be happy later... Thanks,
BITCOIN BTC (11 months ago)
Thanks for your work!
Peeter Pakiraam (11 months ago)
THEKEY (TKY) new coin moving up werry fast
Popcorn Seller (11 months ago)
What an epic battle that would be: DougCoin vs DogeCoin
Minrr Dosjhahs (11 months ago)
Tai Lopez thats hilarious , btw can you recommend how i can become and library lambo garage icon???
MakeMoneyHobby.com (11 months ago)
Interesting!
Oscar Arroyo (11 months ago)
Poor foam min 105
Oscar Arroyo (11 months ago)
Poor foam
bestaeroplane (11 months ago)
our US govt. didn't want cryptocurrency to be decentralised but to be regulated ,monitored under Microscope. It means ,they wanted to take over virtual currency and follows their rules and regulated. Also it means,they wanted transparency so they can tax us.They wanted us,to surrender our identity for easy tax purposes. Recently,they saw bitcoin losing steam ,so now they are boosting the steam ,for cryptocurrency trains,to rise up again, for tax purposes.
gamerZsoul (11 months ago)
LoL I wanted to ask you about XRP and Bam! I mentioned it on this video LoL. Oh well I believe in Ripple and I am cool with your decision. I still love your videos :) It would be cool if you could make a video about Ripple why you don't like it etc. I know this might bring hate but I will not hate you just because you don't like XRP :) Negative feedback in my opionion is a very improtant feedback. Keep up the cool vids coming. Love your approach on the uploaded videos you do.
CreepyAnt (11 months ago)
There isn't really much of an explanation he would give on it. He said in this video that he hates ripple because it's centralized, which goes directly against the whole point of cryptocurrency.
kim warburton (11 months ago)
ive heard ripple was created/sponsored by the banks to manipulate/control crypto in the long term. it is not a decentralised currency. new coins are created by a select few (1% the owners/creaters/sponsors) which means they can make as much as they want, just like the fiat currencies the world currently runs on. thus they can devalue the currency with inflation, yet on the market charts, it will look stronger n stronger because more coins =more buyers = more interest = price rises and demand while the banks etc get themselves into position -they were late to the crypto game, didnt think it wld work n now they trying to catch up n take back control they used to .... on this recent crypto drop, it has affected all but 2 alt currencies, with the exact same pattern as bitcoin. 1 of those 2 currencies is ripple, but the ripple's trend still has followed bitcoin a little bit, but not to same degree as ether or other alts. i cannot recall name of the other alt currency that was moving up when every other crypto was going down last few days -i nvr heard it b4 or since, it was on a chart within one of these 'why bitcoin is losing' vids that came out last few days. the host only made passing mention to it and ripple being only ones to not be following the crypto trend n speculated that this was because the creater/owners were making lots of coins So as an investment, maybe ripple is ok. But i would never use it or support it as actual money. The technology that enables crypto might just be the biggest n most democratic event since with the internet and may in the eyes of history become as vital as the discovery of fire regards the autonomy and independence of average people's money. Banks nor government want that, they want transparency so they can control our accounts n tax us n charge us for every transaction etc Personally, i dont want some arrogant suited twat tellin me what i can n cant do with MY money That said, im waiting until Gen 3 to buy crypto, to actually use it like money. what we got atm is steam power, im waiting for electric
hill poll (11 months ago)
Soo... when are you interviewing Charles Hoskinson?
dr crypto1776 (11 months ago)
Great job Doug! I was at first like WHOA long video. But I'm watching it on 2x speed and enjoying what I am hearing and your commentary. THANK YOU!
Andy (11 months ago)
Please switch to tungsten or incandescent lights, you look ill on each of your videos. Otherwise, thank you for the great content ;)
Joshua Winters (11 months ago)
Listen Mooooorrrty, cryptocurrency is for people who like to hedge their bets XD
hill poll (11 months ago)
pump up the contrast on your vids... looking pretty washed out color/tone wise.
Picasso Impaler (11 months ago)
Thanks for all the hard work to make this video man. Appreciate it, have a like lol
tupark82 (11 months ago)
Have you seen Charlie Lee's profile pic on his twitter? That "troll" guy was dressed exactly like Charlie's photo.
Jeff X (11 months ago)
I believe the guy asking if the other fully reads contracts before signing was trying to point out that most people also do not read before signing. There are a lot of circumstances where consumers are protected by laws or rules that make certain additions to contracts illegal and therefore null and void even if they are put into contracts. The ones that come to mind for me are medical industry and rental agreements. It does bother me that you have to be an accredited trader with like a million dollars to buy into ico's if you're a us citizen. While I do believe that maybe they are trying to protect people who don't know what they are doing from scam ico's but the reality is that those people will just buy it on an exchange for a much higher price during a pump and dump and be left holding higher priced bags of nothing. It actually makes it worse. It also has a bad look when joe schmoe can't legally buy into something that ends up going 100x 6 months later but some wall street guy can. kind of lame.
Kendrick DeCamps (11 months ago)
PICKLE RICK!!!!!!
YellowKard (11 months ago)
You have a foam falling off the wall
rockpile (11 months ago)
You lost respect for Elizabeth Warren? This implies you had some respect for her. Why?
CarcinoGEN (11 months ago)
LMAO pumping a dead dog.... Why lie to the masses Doug... why?!?!?!?
MStrickkk (11 months ago)
"Is this guy just trolling?!" Calm down there Mark Hoppus.
Jesse James (11 months ago)
sen warren is a piece of shit, slow your roll pochahontas..
Big A (11 months ago)
This felt like teaching my parent to use their iPhones
Big A (11 months ago)
Side note. Mr Shelby = Mr Makkey from South Park
Loresk Canada (11 months ago)
thank the lord, hopefully this applies for Canada. I can maybe pay off my credit card and buy a gaming pc lmao
H. B. (11 months ago)
Thanks for fixing your ICON inaccurate information from your previous video.
DEVUNK88 (11 months ago)
on another note, your foam is broke bro
rafaelquilmes (11 months ago)
Spanish 🤔

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