Paul Stenhouse: US Government stops investigating Crypto, and why its turned off EV chargers

Crypto has been under investigation for allegedly trading unregistered securities, but the newUS Government has now stopped investigations.

Coinbase gave $75 million to pro-crypto PACs and made a seven-figure donation to Trump's inaugural committee, not to mention the CEO's additional $1.3 million in personal contributions. Coincidence?

Expert Paul Stenhouse talks to Jack about the issue, and why the US government is turning off its EV chargers.

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Episode Transcript

Speaker 1 (00:07):
You're listening to the Saturday Morning with Jack Team podcast
from News Talks. That'd be well.

Speaker 2 (00:12):
The US government had been investigating how crypto currencies were traded,
but the new prison has meant for some big changes
on the crypto front in the US. Our expert Paul
Stenhouse is here with the details. He's a big crypto
guy at the best of times. But yeah, well, I mean,
if only you had been a big crypto guy, right,
because it's with a whole lot more today than it

(00:35):
was three months ago.

Speaker 3 (00:37):
Yeah, I mean I did. I did make a little
bit of money out.

Speaker 2 (00:42):
Did you have a mean coin or did you just
go with bitcoin?

Speaker 1 (00:45):
No?

Speaker 3 (00:46):
Just bitcoin. I was just scared to do the others.
But I do know people who have made like six figures,
so do I coin. Yeah, it's pretty incredible.

Speaker 2 (00:53):
Well you got five grades, don't laugh. I mean that's impressive.

Speaker 3 (00:58):
Yeah.

Speaker 2 (00:59):
Yeah, probably know a few people have lost money as well,
spect Paul, But you don't hear about the stories plan anyway. Anyway.

Speaker 3 (01:05):
No, So, the the big app that people used typically
is called Coinbase, and Coinbase was the target of the
SEC's investigations as the sort of biggest player, and the
SEC was sort of looking at the crypto market and saying,
this looks a lot like stocks, this looks a lot
like bonds, and those types of things typically need to

(01:27):
be registered with the FBC. There are very strict rules
and regulations about how you sell them, how you don't
lock up periods, about information and all sorts of things,
and they went, this looks pretty similar. And so there
was this investigation taking place, and now with President Trump,
it seems that that has disappeared. Jack the Coinbase CEO,

(01:49):
said that the SEC says that they're going to fully
dismiss its investigation. No penalties are applying to it, and
it's basically case closed. Here's one thing that's interesting to note.
Though Coinbase gave seventy five million dollars to pro crypto packs,
they made a seven figure donation to Trump inaugural committee,
and the CEO gave about one point three million dollars

(02:11):
in personal contributions.

Speaker 2 (02:14):
Sure they're not those things aren't related at all. It's
totally totally independent. Series of act speak of the US
government and the big changes that are underway. Despite President
Trump's close relationship with Elon Muski la Musk, of course
being the founder of Tesla. The US government is turning
off it's EV charges.

Speaker 3 (02:33):
Yeah, maybe it's because they don't have enough Teslas and
they've got other cars and who knows. But there's a
government branch called the General Services Administration that's sort of
like the ones who run all the facilities of the government,
and they are now starting to shut down turn off
all of the EV charges they had started to put
in because Biden was on a mission to basically try

(02:55):
to get over half a majority of the six hundred
and fifty thousand federal vehicles to be evs. And of course,
if you have EVS, you need charges, you need infrastructure.
They have basically now said that it is quote not
mission critical to be spending time, effort, money on these charges.
So instead of just turning them off or letting them

(03:17):
break and not fix them, they're actually working to remove
those exact things they had already started putting them in.
They were talking about sort of eight thousand plugs that
were across the federal government, and they've already started to
buy evs. Jack They've already started to buy fifty eight
thousand as of March last year, late the number was

(03:38):
So what happens to the cars that they've audited. Yeah,
are they going to be sold? Are they going to
be put into storage? It seems like a little bit
of a waste.

Speaker 2 (03:46):
Yeah, that's interesting. Yeah, a lot of changes on that
front at the moment. It's hard to keep up, so
I thank for bringing those to our attention. Paul. Paul's
then house our texpert there. In a couple of minutes,
doctor Brian Betty's in with his tips on recovering from
sprained ankles and what distinguishes a sprained ankle from other
injuries you might have in that department eighteen to eleven
on news doorg Z'DB.

Speaker 1 (04:06):
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