Crypto Today: Kiyosaki Warns of "Global Cash Shortage," CFTC Moves Closer to Crypto Oversight, Tether Accelerates Commodity Lending
The crypto market continues to see sharp volatility, while influential voices weigh in on the reasons behind the correction and a new regulatory framework takes shape. Meanwhile, Tether — the world's largest stablecoin issuer — is scaling up its ambitions in commodity lending to the tune of billions of dollars. Robert Kiyosaki: A Global Cash Crisis Is the Real Reason Markets Are Tanking Rich Dad Poor Dad author Robert Kiyosaki says he is holding firm on his position of not sell
The crypto market continues to see sharp volatility, while influential voices weigh in on the reasons behind the correction and a new regulatory framework takes shape. Meanwhile, Tether — the world's largest stablecoin issuer — is scaling up its ambitions in commodity lending to the tune of billions of dollars.
Robert Kiyosaki: A Global Cash Crisis Is the Real Reason Markets Are Tanking
Rich Dad Poor Dad author Robert Kiyosaki says he is holding firm on his position of not selling Bitcoin or gold despite the steep market downturn.
On X (Twitter), Kiyosaki stated that "every bubble is popping" and that the real culprit is a global liquidity shortage.
He predicts a "Big Print" phase is coming as governments are forced to print more money to deal with ballooning debt. In his view, when "fake money" loses value, assets like gold, silver, Bitcoin, and Ethereum will surge.
Kiyosaki also noted that most of the current panic stems from investors needing cash — not from any loss of faith in the assets they hold.
Jeff Park: CFTC Taking a Larger Role Than the SEC in Crypto Regulation Is "the Right Direction"
In a conversation with Anthony Pompliano, Jeff Park — CIO of ProCap BTC — argued that the picture for crypto market oversight in the U.S. is becoming clearer.
According to Park, the CFTC will oversee the majority of the crypto market, superseding the SEC.
He explained that the CFTC has traditionally dealt with financial innovation, capital efficiency, and derivatives products — a natural fit for the "new settlement layer" that the crypto industry is building.
Park also emphasized that treating crypto as a commodity is consistent with the global nature of this market.
Tether Aggressively Expands Commodity Lending Arm, Has Deployed $1.5 Billion
Tether is accelerating its push into the commodity lending market, according to CEO Paolo Ardoino.
The company has extended roughly $1.5 billion in credit to commodity traders, in the form of both cash and USDt stablecoin.
Tether is targeting traditional trade flows such as crude oil and agricultural products, and says it will "aggressively scale" its lending activity through its Trade Finance unit — a business line focused on providing short-term capital for the purchase, shipping, and distribution of physical goods.
While some firms remain cautious about borrowing in USDt instead of USD, Tether's growing financial footprint (with nearly $184 billion USDt in circulation) could help shift that perception.
Tether currently also holds more than 100 metric tons of physical gold, further supporting its gold tokenization and commodity lending operations.