 Welcome to Digital Asset News, the top stories in cryptocurrencies and digital assets. Man, break it down to bite-sized pieces today. Just want to talk about three things. First of all, Bitcoin is not a security. Tether is not a security. Celcius is a security. And why? This is actually great news that I found out about Celcius. So let's back up, first of all. Let's take a look at why we consider Bitcoin out of security. And this was actually in front of the House Appropriations Committee before Congress, the former chairman of the SEC, Jay Clayton, who is out right now, was asked by Congressman Stuart to clarify his view on essentially Bitcoin. And this was in April 2018. And he states, Bitcoin, a pyramid of exchange, the one that's most often cited, is Bitcoin. As a replacement for currency, that has been in term of most people to not be a security. So there was a bunch of different things going around, especially in the Twitterverse, where, well, now that XRP is going this whole thing with the SEC, of course, then the whole cryptocurrency space will be doomed. That's not true. They have to take a look at a lot of different factors. And one of those is Bitcoin's out of security. Also, they've alluded to the whole fact of Ethereum being the same way. So let me back up even farther. So I want to talk to you real quick about what would be considered actual security. And this is the Howie test. And this Howie test was created a long time ago. So everybody doesn't stand up to the complexities of the future or of right now what's going to happen. But we have to take it for what it is, because that's all we got. So there's four criteria. And the three really doesn't really make too much of a sense, right? Investment of money, okay, great. Everybody invests money. And then the third one, the investment money is in a common enterprise. Sure, you can say that. And then any profits comes from the efforts of a promoter or a third party. Well, with Bitcoin, that doesn't happen because it's so decentralized. And that's what they talk about. If it's decentralized, then it's not really a third party because it's decentralized throughout. It's not a centralized product. And that is one of those issues. And the second one is why I want to really harp on before we get into the Tether story. And it talks about there is an expectations of profits from the investment. So here's one of those things about Tether. I don't see how you can get profits from Tether from investing in Tether. Because it's pegged to the dollar. And some people will say, well, you can make profits by spending it on other cryptocurrency. That doesn't make any sense. So it's pegged to the dollar. You're not going to hold Tether and make a bunch of money. Because it's pegged to the dollar. They'd be like going, well, I'm going to buy a shovel and I'm going to make a bunch of money because I'm going to pay. I'm going to have people pay me as a shoveler. And that's how I'm going to make money. It doesn't make any sense. So Tether is not going to be a security. But this actually just came out a couple hours ago. And I want to go over this real quick before we get into the whole thing with Celsius. So what the heck is going on? Well, this is Qiyong Zhu and he is the CEO at CryptoQuant. And he states, if SEC's next target is Tether, it's going to be very, very bad for this bull run as the market heavily relying on USDT. USDC, the most legally regulated stablecoin, will eventually replace USDT. And of course, Qiyong Zhu over there at CryptoQuant has a vested interest in USDC. So Arduino, who is the CTO at Bitfinex, who they are responsible for Tether, dismisses the rumors and accuses the former Qiyong Zhu of spreading misinformation. Here's what he states. Reminder, Tether is registered and regulated under FinCEN as all the centralized competitors are. Strict KYC and ML is applied to all Tether direct users as the other main issuers are doing. Less regulated is just FUD. Ask yourself who benefits from spreading information for misinformation. So sure, understandable. The big thing about Tether though is about the audit. People are always saying, well, do you really have the billions of dollars that it is supposed to be pegged to or not? And that is the big thing. But that is something completely different from being registered as a security, which I do not think it is from what we just talked about. And it's not just me. Economist Alex Kruger insists that the SEC will not be targeting Tether. Kruger argues that the SEC wouldn't target Tether because the stablecoins issues are not related to unregistered securities and would fall under the purvey of a different agency. And this is Jake Trevinsky. If you don't know Jake, he's a lawyer, specializing in cryptocurrency. And he also thinks it's unlike the SEC is the agency that will go after Tether because stablecoins are just about the hardest thing to classify as a security. Again, what we just talked about as far as expecting profits from investing in a Tether is makes no absolutely no sense. So that clears up that section. Now let's get to something that is pretty interesting to me. And that is that Celsius has been registered as a security. So what's going on here? I didn't know this, so this was good that Daley Hartle actually put this out. So Celsius has shot up by more than 84% in value, which is kind of crazy, but good for all you holders, including myself, Newsflash. I am biased because I own Celsius and Bitcoin and if they're in all the things that I talk about. So that's just how it is. And this is what Alex says from, he's the CEO of Celsius. All the coins that may be deemed a security are down 20 to 50%. XRP, XLM, XEM, TRX, XE, all that stuff. This was interesting. Crow, which is the Crypto.com. While the only token that registered with the SEC is up plus 42% in 14 days. I was like, huh, I didn't know they registered with SEC. We'll get to that in a second. It was only trading at around 46 cents in August and it's gained a whopping 3,765% year-to-date. Yeah, it's been a pretty crazy run. In addition to being registered with the SEC, Celsius Network also recently announced the competition of an audit of its assets through a partnership with Chainalysis. This is what Moshinsky said. Our relationship with our 230,000 community members are built on trust because they count on us to act in their best interests and have access to unique curated financial services, products and rewards, and so on and so forth. With the validation of a third party, we're providing additional transparency into our business, which remains one of the industry's most reliable, secure and rewarding platforms for putting unparalleled economic freedom in the hands of people. So great. So this is fantastic news. I like when these things happen. This didn't just happen recently. It was actually December 9th. And the third party Chainalysis came in and said, we're going to do an audit to make sure that you actually have 3.3 billion of assets that you claim to have. They went in there, they did that, and they said, yes, you absolutely have that. So I like to see other type of entities come in and do some type of audits because I mean, we do that with the FDA. We do that with our hospitals. We do that with a lot of businesses for OSHA and things like that. So why shouldn't we do that with our cryptocurrency where it actually is stored? If you're going to talk about centralized finance like a tether, like a Celsius, and all those things. So it makes sense to me. And actually, this is another reason why I'm big on Cardano. When Charles Hoskins is always talking about it's backed by science and peer reviewed, what they do is they have independent people come in just like you would do with a drug company and say, we need a third party to evaluate these types of medications, in this case, it would be Cardano, to see if this would actually work in a real world situation. And that's why they talk about, we have all these papers and da, da, da, da. It's because they reach out to other third party entities. Okay, so let's get into the meat of this about what Celsius actually is as far as a registered security or what's going on with it being registered if it actually is a security. So there's the website Celsius.network, Why Trust Celsius? It's a pretty good page to put up, especially when I have people trust you a lot. They pretty much just go about what it is, what's going on. And then they talk about license of regulations here. And then if you scroll down here, April 2018, SEC regulation, if you click on the defile, it'll go right to the sec.gov website. And there's two documents. So you have both of them July, actually April 30, 2018 was the initial file, then there was an update in July 13th. If you click on documents right here, it'll take you to the next page. And I'll say this is Form D, notice of exempt offering of securities. And I'm like, what the heck is that? So if you look it up, Form D, the federal securities laws requires a notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under rule, blah, blah, blah. Okay. A company must file this notice within 15 days after the first sale of securities in the offering. So what it looks like to me is that Celsius went ahead and said, yes, we are and have sold securities. And we want to register that with the SEC because we want to stay in compliance. Okay. So if we click on here, the primary document, this is going to open up the SEC, notice of exempt offering of securities. If you scroll down about three quarters of the way down, it's going to state the type of securities offered. And this is just to back up real quick. This is from Celsius Network. Jurisdiction is in the UK within the last five years. Here's the last name, Mishinsky, Alex. Here's their corporate address and blah, blah, blah. And then when you scroll down again, you can see where it says types of securities offered. And right here it says other, purchase agreement for cryptocurrency. So yes, it is 100% a security. It is registered with the SEC. So there is no risk of the SEC coming down on Celsius because they've already registered. So this is great news because this is one of the things that I had in the back of my mind. I'm like, why isn't, you know, Celsius a security? Because it kind of fits that mold what we just talked about as far as the Howie test. Now me as an investor, I like to minimize my risk for the potential greatest upside. That's why I've got 50% of my portfolio in Bitcoin and Ethereum and the rest, the alts, I mean, I don't know. But I have invested pretty heavily as well. But again, the lion share, Bitcoin and Ethereum. And that's just how I see it. Now with this news, what I just discovered today, I have been even, I'm going to be even more bullish on Celsius. And yes, it has skyrocketed in price. If we take a look at coingecko.com, you can take a look here at Celsius Network. Today, just this week when I'm 72%, it's at $5. And it's just been on a absolute pair. It kind of reminds me of Binance Coin where it was like nothing, like a couple bucks. And all of a sudden it went like 30, 40, 50 dollars. So this makes me quite bullish on it because I mean, look, SEC, there's no problems there. It's got a great community. It's got a guy who's doing AMAs all the time. It's got the best rates as far as loans. If you took a look at my video, we talked about the alternatives to cashing out. So this is what I'm going to do. I had put out a video a couple of days ago, about a week ago, and I talked about how I only DCA for tokens right now. I bought a lot more of other things, but these are the ones that I buy every single day, Bitcoin, Ethereum, Cardano, and Voyager. And you can watch that video and I'll explain exactly why I have those four. Now I have others, but these are the ones that I buy every single day. But I will just say this, with what I see with the community, with where I see that Celsius is going, especially with Alex behind the wheel. Remember this guy has already been a successful entrepreneur and he's had multiple exits, I think three exits for a billion dollar companies, which are still around and doing quite well. I've never had a problem with Celsius, even when they had that issue with their website. I had Alex come on the show and he explained to everybody exactly what happened, totally transparent. I mean, look, it's, does it get much better than that? That's all I can ask. I have to ask the questions, get much better than that. And especially with the price action. So I think as time goes on, people really want to go somewhere where they can trust and believe in. Trust is the currency you can't buy and I trust Celsius. I've actually got 15% of my entire portfolio on that platform. So I will still keep DCA for, but as I talked about before, I am going to stop buying Bitcoin when it's 30,000. I've explained exactly why you can watch that video. I'll link at the very end. So what I'm going to start to do is actually as soon as Bitcoin switched over above 30,000, I will buy Celsius. So right now actually, I'll be DCing at five. And then when Bitcoin is 30,000, I'm going to stop buying into Bitcoin and buying to Celsius. I mean, I've got, look, I've been DCing since 2017. I've been dollar cost damaging for three years. And I can only put so much in. I mean, I put a good chunk. We'll just say that. So this will be my next one. Now then, if you want to learn how to buy Celsius, because you can't get any exchanges right now, just go over to DanTeachersCrypta.com. It's my 100% free website. You can click on the start learning and then just sign up. Once you log in, obviously watch this video right here. It's going to explain exactly how to navigate the whole thing. But for this one, there's five different modules. The basic safety investing reviews and how do I, you'll click on how do I. And then as you scroll down, there'll be the couple one down here. How do I buy Celsius right there? So that is it. So thanks for watching. All the way to the end. I really appreciate it. It's a little bit, not too long, I don't think, but a lot of good information. Hopefully this clears some things up as far as what is going on out there. So thanks again for watching. If you like these types of videos, you'll be too much. It's going to pop up on your left and right, right, right now. I don't know which ones. YouTube does it's a little magic. And that is it. So thanks again. And I'll see you on the next one.