MAJOR SEC CRYPTO REGULATIONS COMING SOON! VANGUARD BENDS THE KNEE TO CRYPTO & TOKENIZATION!

**Tony Edward** (0:05)
Hey folks, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please be sure to follow and leave a five star rating. Folks, we have to start with Vanguard. They are bending the knee, they are capitulating. These folks have been anti-crypto for years, skeptics saying they're not gonna add Bitcoin ETFs much more, and now we are seeing a complete 180 So they are hiring a head of digital assets to develop their multi-year digital assets roadmap and drive execution.
Of course they are. We've talked a lot about this over the years, guys, that all the laggards will eventually have to catch up because if they don't adopt Bitcoin, crypto and blockchain technology, they're writing their economic death sentence, right? All of Wall Street is building the infrastructure, not only for people to invest in the asset class, but they're using the actual blockchain technology internally and to move funds and much more. And Vanguard, better late than never, right? Here they are capitulating. So some more details. They are hiring a head of digital assets to lead their strategy for tokenization, staple coins, blockchain infrastructure and client facing products.
Guys, incredible. Remember all the heat they took when they came out and said, we're not going to offer Bitcoin ETFs. And all the social media was going after them. And people were saying they were closing their accounts and moving to other competitors on Wall Street. And I think they learned their lesson, right?
It's just foolish that they would take that stance. It's one thing to say, hey, look, we're going to crawl before we walk and before we run versus saying, we don't want to do anything with crypto.
We don't care about it. That was the idiotic approach, isn't it? You start alienating customers, you create a negative perception about the company and more. So let me give you some more details. According to the job description on Vanguard's website, the executive will be responsible for determining how Vanguard participates in digital assets, including evaluating client-facing products, tokenization, stablecoins, custody models, blockchain-based settlement and digital asset operating infrastructure. The role will also represent Vanguard in discussions with regulators, clients and industry groups.
So, folks, you're seeing again the bending of the knee, and all the naysayers and the detractors are capitulating and going all-in on crypto. So this is incredible news. And I think pretty much all of Wall Street's here. We know Morgan Stanley was late, but they weren't anti-crypto. They didn't put that type of messaging out there, but Vanguard was. And now, like I said, better late than never. So crypto is winning for sure.
Moving ahead, New Hampshire lawmakers to hold hearing on $100 million Bitcoin bonds. So not only is the federal government adopting crypto in different ways, we know there's a Bitcoin Reserve Bill in place, the Clarity Act and crypto tax legislation much more. We have states buying Bitcoin. They're buying Bitcoin ETFs. They're adding it to their pensions. Well, this is a unique one. The proposed bonds will be backed by cryptocurrency, but still need approval from the New Hampshire Governor Kelly Ayotte, if I'm saying her name right, and the state's five-member Executive Council. But the fact that we are here, where these things are actually being presented and discussed is amazing, guys. I mean, we've come such a far away.
So in an update to the New Hampshire Governor and Executive Council agenda, the state's Business Finance Authority has scheduled a meeting for Wednesday regarding the proposed issuance of $100 million in Bitcoin-backed bonds. The BFA approved the bond in November 2025, saying that it planned to issue the vehicles upon approval from Governor Kelly Ayoti and the state's five-member Executive Council. Here's a quote, This is an innovative way to bring more investment opportunities to our state and position us as a leader in digital finance without risking state funds or taxpayer dollars, said Ayoti on the bonds following the BFA approval. So you have states competing now for crypto businesses, crypto revenue and all these things, right? Because crypto is a booming industry. And as we've been talking about, the direction the puck is heading in is that this asset class is going to be like a black hole sucking in all the other assets because they're all going to be tokenized on the blockchain. So it's not going away. And despite the ebbs and flows of the markets and bull and bear markets, right? It's just part of the cycles. And once we have legislation pass and now we have all the bridges for institutional investors to put a lot of capital in, we are going to see higher valuations of these blockchains and the companies and of course, their respective tokens. So the potential high value Bitcoin backed bonds signaled the US states move toward friendlier digital asset policies. New Hampshire was the first state to approve a law establishing a strategic Bitcoin reserve in May 2025, allowing the government to invest 5% of public funds in digital assets with a market capitalization exceeding $500 billion.