Latest / The Paul Barron Crypto Show / D.C. "Crypto Week" Coming!🚀Ron Hammond INTERVIEW🔥

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D.C. "Crypto Week" Coming!🚀Ron Hammond INTERVIEW🔥 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: Today we'll be breaking down a little bit. But what's
• 0:07
  Speaker 1: going to happen in Crypto Week. I think you guys
• 0:09
  Speaker 1: are gonna like it. My name is Paul Barrew. Welcome
• 0:11
  Speaker 1: back into the show. It is going to be a
• 0:12
  Speaker 1: good one. Don't miss this one. I do want to
• 0:15
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  Speaker 1: below to get one hundred dollars funding reward and get
• 0:36
  Speaker 1: started into building your own IRA. Listen, we've had Ron
• 0:40
  Speaker 1: Hammond on the show before and he was with the
• 0:43
  Speaker 1: Blockchain Association at that time. He has come back to
• 0:46
  Speaker 1: the show as a friend of the show with Winter Mute,
• 0:49
  Speaker 1: so great to have you back on.
• 0:50
  Speaker 2: Likewise, it's good to be back on the show and
• 0:52
  Speaker 2: it's new capacy but still don't mean the same thing.
• 0:55
  Speaker 3: So really excited.
• 0:56
  Speaker 1: I want to open up with a clip Cody Carb
• 1:00
  Speaker 1: you know him of course over at the Digital Chamber,
• 1:03
  Speaker 1: and he gave us an odd on something, and I
• 1:05
  Speaker 1: want to get your opinion on this, but let's play
• 1:07
  Speaker 1: this clip. In terms of the odds of the Genius
• 1:10
  Speaker 1: Act going.
• 1:11
  Speaker 3: Through, ninety nine percent that we are going to get.
• 1:14
  Speaker 1: Those are good odds. What's the odds of market structure
• 1:19
  Speaker 1: coming through this year?
• 1:20
  Speaker 3: Fifty to fifty right now, fifty.
• 1:22
  Speaker 1: To fifty, those are not as good odds, Cody, for
• 1:25
  Speaker 1: I'm optimus, all right, so you've got it there, Ron,
• 1:28
  Speaker 1: what's your percentage on Genius? Do you feel pretty confident
• 1:31
  Speaker 1: on that one.
• 1:32
  Speaker 3: I'm feeling pretty confident at the current sitting.
• 1:34
  Speaker 2: We will see what happens if they actually have amendments
• 1:37
  Speaker 2: to the bill itself, because they'll be telling if they
• 1:39
  Speaker 2: make any tweaks whatsoever, it's got to go back in
• 1:41
  Speaker 2: the Senate. And the odds do drop a little bit,
• 1:43
  Speaker 2: but overall they still had a pretty highsome account of
• 1:45
  Speaker 2: eighteen Democrats joining across the aisle, So stilfhillly and confident
• 1:49
  Speaker 2: even they make changes or not, but odds are it
• 1:51
  Speaker 2: seems like they won't, so I'd still.
• 1:52
  Speaker 3: Put it probably around nine nine percent.
• 1:54
  Speaker 2: As Cody Will said, Genius at least be done by
• 1:57
  Speaker 2: audits too.
• 1:58
  Speaker 1: When you look at the Market Structure bill, that is
• 2:01
  Speaker 1: a different animal. There's a lot of working parts in it.
• 2:04
  Speaker 1: I know you're very active in that one specifically. What
• 2:08
  Speaker 1: is your opinion on that one for a pass through
• 2:11
  Speaker 1: what we'll see at least from this year's standpoint, or
• 2:14
  Speaker 1: do you think this rolls into twenty six.
• 2:16
  Speaker 3: It remains to be seen.
• 2:17
  Speaker 2: I'm going to probably say that fall twenty twenty five,
• 2:19
  Speaker 2: October November time frame is.
• 2:21
  Speaker 3: Going to be where the action is.
• 2:23
  Speaker 2: Okay, so we see now we've seen that at least
• 2:25
  Speaker 2: the Senate has confirmed that they will take up market Structure,
• 2:27
  Speaker 2: and they have dedicated themselves to a timeline that's pretty aggressive.
• 2:31
  Speaker 2: They said they want to have a draft out by
• 2:33
  Speaker 2: early August and they want to have a vote on
• 2:35
  Speaker 2: that draft in the Senate come probably into September, which
• 2:38
  Speaker 2: it could probably bleed over to October, and then that
• 2:41
  Speaker 2: likely means there's two different bills in market Structure, and
• 2:43
  Speaker 2: they got to combine those two bills together from the
• 2:46
  Speaker 2: House as well as Senate. But at least right now
• 2:48
  Speaker 2: in the short term, the key thing to watch for
• 2:49
  Speaker 2: next week is how many Democrats coming along with Republicans
• 2:53
  Speaker 2: likely to pass the Clarity Act because we saw a
• 2:55
  Speaker 2: Fit twenty one, the bill version of Clarity last year
• 2:58
  Speaker 2: or last Congress, that bill got over seventy supporters at
• 3:02
  Speaker 2: least from the House on the Democrats side of the aisle.
• 3:04
  Speaker 2: But this time it seems to be a shaving up,
• 3:06
  Speaker 2: a little more Parson again, a law that really centers
• 3:09
  Speaker 2: around more of the Trumpet family involvement in crypto, and
• 3:12
  Speaker 2: there's been some additional language and clarity to address some
• 3:14
  Speaker 2: of that to peace Democrats. But it will be you know,
• 3:17
  Speaker 2: be telling to see what the vote count is because
• 3:19
  Speaker 2: for a reference to when we went to the committee
• 3:21
  Speaker 2: at least for Fit twenty one and there were two.
• 3:24
  Speaker 3: So there were six Democrats who supported that bill.
• 3:27
  Speaker 2: Now come this year only two Democrats did, so we
• 3:29
  Speaker 2: already seen a little lower threshold.
• 3:31
  Speaker 3: For votes here.
• 3:32
  Speaker 2: So that is a pause for concern, but hopefully there
• 3:35
  Speaker 2: the Democrats can put away the pars of politics, because
• 3:37
  Speaker 2: this isn't a Trump bill.
• 3:38
  Speaker 3: This is a crypto of regulatory framework. It's a very
• 3:40
  Speaker 3: very different animal we're doing with here.
• 3:42
  Speaker 1: Yeah, for sure, So over fifty percent, are you kind
• 3:46
  Speaker 1: of on the same camp as Carbone with that I'm.
• 3:49
  Speaker 2: Gonna say forty percent chance it gets done, but ask
• 3:53
  Speaker 2: me next week after the votecounts much clearer idea.
• 3:56
  Speaker 1: All right, yeah, maybe a little bit of a date
• 4:00
  Speaker 1: next week, which we'll be watching, of course, very closely,
• 4:03
  Speaker 1: with Crypto Week being next week. However, we did get
• 4:06
  Speaker 1: the Oversight sub Committee hearing. This has now been postponed,
• 4:10
  Speaker 1: so your insights to d C, I would say, one
• 4:14
  Speaker 1: of the best out there in the industry. What does
• 4:16
  Speaker 1: this mean for the existing bills? Do you think this
• 4:19
  Speaker 1: slows them down, especially the Genius Act or is this
• 4:22
  Speaker 1: just you know, typical DC speak right now on these postponements.
• 4:26
  Speaker 2: The reason why I got postponed because Congress was not
• 4:29
  Speaker 2: supposed to be in session last week, but they were
• 4:31
  Speaker 2: voting on the big Beautiful Bill quite some time. So
• 4:34
  Speaker 2: that's solely why the House is out this week. That's
• 4:37
  Speaker 2: why they got postponed in those committees. So we'll likely
• 4:39
  Speaker 2: see those bill or those hearings happening you next week
• 4:42
  Speaker 2: or the week after. And as we saw potentially for
• 4:44
  Speaker 2: those who may have patched it last week, there was
• 4:46
  Speaker 2: Center Lumits trying to put in some crypto tax provisions
• 4:49
  Speaker 2: into the Big beautiful bill. Unfortunately, it didn't get accepted
• 4:53
  Speaker 2: by a lot of the chair as well as the
• 4:55
  Speaker 2: other members of Congress, which is expected.
• 4:57
  Speaker 3: It was kind of the last second push.
• 4:58
  Speaker 2: But this is the House show and commitment that, hey,
• 5:00
  Speaker 2: we want to work on crypto tax issues. Even though
• 5:02
  Speaker 2: we just did a big tax bill. There's a lot
• 5:04
  Speaker 2: of issues, especially in crypto on the tax front that
• 5:06
  Speaker 2: need to be addressed.
• 5:07
  Speaker 3: So I'm optimistic.
• 5:09
  Speaker 2: But that's me a totally separate effort, and that's going
• 5:11
  Speaker 2: to be likely a late twenty twenty five, early twenty
• 5:14
  Speaker 2: twenty six.
• 5:15
  Speaker 3: Time to tell that zex got legs.
• 5:16
  Speaker 1: All right, So there are some things happening right now
• 5:19
  Speaker 1: in the traditional markets. One of course, was announced by
• 5:22
  Speaker 1: Robin Hood just this last week, and that is token
• 5:24
  Speaker 1: is securities. That's happening mostly in Europe. I want to
• 5:27
  Speaker 1: play a clip for you and then get your opinion
• 5:30
  Speaker 1: of how this is affecting Congress today. Take a look.
• 5:33
  Speaker 4: Well, so they're live in the European Union, not live
• 5:37
  Speaker 4: in the UK or the US.
• 5:39
  Speaker 1: I mean, it'd be widely exciting right if it were,
• 5:41
  Speaker 1: for example, launched in the UK.
• 5:43
  Speaker 2: What kind of things are they asking you to do
• 5:44
  Speaker 2: to make sure that it's fine to do.
• 5:47
  Speaker 4: So what makes this possible now is clear regulations in
• 5:52
  Speaker 4: the European Union for crypto assets. In the US, we
• 5:56
  Speaker 4: do believe that the SEC has the authority to make
• 6:00
  Speaker 4: it happen without legislation, which is interesting.
• 6:03
  Speaker 2: So how quickly can it?
• 6:06
  Speaker 3: Hard to predict?
• 6:06
  Speaker 4: Yeah, and I actually think our event should help accelerate that.
• 6:10
  Speaker 4: And actually, since our announcement, I've had a deluge of
• 6:16
  Speaker 4: inquiries private companies that actually want to access retail to
• 6:20
  Speaker 4: have their shares tokenized, to be a part of this revolution.
• 6:23
  Speaker 4: I think that it's going to be a thing. I
• 6:25
  Speaker 4: think this is so important that we're gonna We're very motivated.
• 6:29
  Speaker 4: We'd like to have thousands of private companies on the platform.
• 6:33
  Speaker 1: All right, So that's a big deal because you're talking
• 6:36
  Speaker 1: about this is a seismic shift, this happening in the UK.
• 6:40
  Speaker 1: I was following your tweet right here obviously with your
• 6:43
  Speaker 1: announcement at winter Mute. Winter Mute a company that really
• 6:46
  Speaker 1: does focus on what's happening in the EU and the UK.
• 6:49
  Speaker 1: When you see that and you look at almost a
• 6:52
  Speaker 1: situation right now where the US is going, Wow, this
• 6:55
  Speaker 1: is happening in the biggest markets, but it's not the
• 6:58
  Speaker 1: United States. How much pressure is this gonna put on
• 7:01
  Speaker 1: DC to make a move on this quickly, vastly?
• 7:05
  Speaker 2: And I can already confirm that I was on the
• 7:07
  Speaker 2: hill earlier. It's why I'm a little sweaty today. But
• 7:09
  Speaker 2: it's because there's a lot of excitement on this and
• 7:11
  Speaker 2: mean especially token is securities and token equities. There's been
• 7:14
  Speaker 2: a lot of excitements post Robbin announcement that they have
• 7:17
  Speaker 2: a great team here in DC on the lobbing side
• 7:19
  Speaker 2: as well as Coinbase too has been itching again that's
• 7:22
  Speaker 2: used and they had that kind of pseudo product of sorts,
• 7:25
  Speaker 2: and so we're seeing a lot of interest from the
• 7:27
  Speaker 2: companies here and they're pushing DC and at least on
• 7:29
  Speaker 2: the toganization front. To your point and to Lad's points,
• 7:32
  Speaker 2: it's not really legislative play. This is more of a
• 7:34
  Speaker 2: regulatory play. But we haven't really seen yet explicit green
• 7:38
  Speaker 2: light ready to go again. There's been some efforts like
• 7:40
  Speaker 2: Coinbase on others that are pseudo like it, but that
• 7:43
  Speaker 2: explicit green light has not happened yet. And now some
• 7:46
  Speaker 2: that could be largely due to the fact that the
• 7:48
  Speaker 2: SEC Task Force is still up and rolling again. They're
• 7:50
  Speaker 2: gonna be here for another three and a half years,
• 7:52
  Speaker 2: so their timeline is a lot more you know, longer
• 7:54
  Speaker 2: out compared to Congress, which operates about a year and
• 7:57
  Speaker 2: a half two year cycles here. But there probably what's
• 8:00
  Speaker 2: happening is that they're waiting to see what happens with
• 8:02
  Speaker 2: that market Structure bill. Does that actually have legs in
• 8:05
  Speaker 2: the Senate, And if it does, great, then they can
• 8:07
  Speaker 2: pick it back off that for rulemakings and such at
• 8:09
  Speaker 2: the SEC. If we're to stall out, it does change
• 8:12
  Speaker 2: the SEC's at least strategy when it comes to providing
• 8:15
  Speaker 2: regulatory clarity because if it's not going to come for Congress,
• 8:17
  Speaker 2: if there's deadlock there, they have to you know more
• 8:20
  Speaker 2: take initiative here to.
• 8:21
  Speaker 3: Provide those clear rules of the road.
• 8:23
  Speaker 2: So I think there's a lot more difference to the
• 8:24
  Speaker 2: Congress here, But I can one hundred percent say that
• 8:27
  Speaker 2: the robber Hood announcement definitely made some ways in DC.
• 8:30
  Speaker 2: And if there's two teams more in the lobbing front
• 8:32
  Speaker 2: that I've seen that been weather mining storms and they've
• 8:35
  Speaker 2: done really really good job, it's Coinbase and robin Hood.
• 8:37
  Speaker 2: And of course there's a lot more players in the
• 8:39
  Speaker 2: ecosystem willing to help them out as well. So overall,
• 8:42
  Speaker 2: very confident that we're going to get some former clarity
• 8:45
  Speaker 2: on that front, especially more on the regulatory side for
• 8:47
  Speaker 2: the token I side of things. But largely they probably
• 8:50
  Speaker 2: wait for Congress at least to see where the bill
• 8:52
  Speaker 2: goes off for clarity.
• 8:53
  Speaker 1: So this could really start to shift things around. It's
• 8:56
  Speaker 1: a little surreal listening to Vlad say, oh, well, maybe
• 9:00
  Speaker 1: the SEC will guide this out, you know, because obviously
• 9:04
  Speaker 1: we've seen a different spin of the coin over the
• 9:07
  Speaker 1: last couple of years. I want to jump over to
• 9:10
  Speaker 1: Wall Street to Web three. This is the Digital Asset
• 9:13
  Speaker 1: Markets meeting that they were planning. This a full committee hearing.
• 9:16
  Speaker 1: Brad garling House set for his I think this might
• 9:19
  Speaker 1: be one of his first larger appearances. But we'll also
• 9:24
  Speaker 1: have Jonathan eleven from Chain Analysis, so he'll be fighting
• 9:27
  Speaker 1: off the you know a lot of the bad news
• 9:29
  Speaker 1: coming in. But what do you think is going to
• 9:31
  Speaker 1: happen here? Where do you think this is going and
• 9:33
  Speaker 1: what's the purpose.
• 9:34
  Speaker 2: So this is going to be the first full committee
• 9:35
  Speaker 2: here in for cent banking on market structure. So this
• 9:38
  Speaker 2: has not happened before. We had a subcommittee hearing about
• 9:40
  Speaker 2: two weeks ago, but this is the full committee hearing.
• 9:42
  Speaker 2: So lizip Warren is going to be at this hearing,
• 9:44
  Speaker 2: oh yeah, And the question's going to be remaining is
• 9:47
  Speaker 2: does she dictate the tone for the rest of the
• 9:48
  Speaker 2: Democrats down the dias when they ask their questions, because
• 9:51
  Speaker 2: we do know they are pro crypto Democrats on that committee,
• 9:54
  Speaker 2: like Lisa Blount Rochester from Delaware. She's actually let a
• 9:57
  Speaker 2: crypto bill that got signed a law this year. So
• 10:00
  Speaker 2: you know, we've seen some champions, but we've all seen
• 10:01
  Speaker 2: some of the loudest antagonists. Now the question is how
• 10:04
  Speaker 2: much does e. Lizab Warren more dictate the narrative on
• 10:07
  Speaker 2: the Democrats side, because that will be very telling, will clarity,
• 10:10
  Speaker 2: will the mark structure bill have a chance in the
• 10:12
  Speaker 2: Senate we will be able to get a decent amount
• 10:15
  Speaker 2: by partisan support, or we only get to see one
• 10:16
  Speaker 2: or two Democrats join the Republicans in this effort. And
• 10:19
  Speaker 2: let's not also forget, you know, the signs of a
• 10:22
  Speaker 2: much smaller body. And as we've seen with some recent bills,
• 10:24
  Speaker 2: especially the Big Beautiful Bill, some Republicans can be problematic
• 10:28
  Speaker 2: as well, and every vote counts, especially in the Senate,
• 10:31
  Speaker 2: and the magic number is sixty, so you need to
• 10:33
  Speaker 2: hit that threshold, and you need Democrats to come along
• 10:36
  Speaker 2: even with the Republican sweep. This is the you know,
• 10:39
  Speaker 2: the where of checks and balances in Congress here, so
• 10:41
  Speaker 2: it's really important to keep on moving forward. But the
• 10:44
  Speaker 2: backdrop of all this, of course is President Trump for
• 10:47
  Speaker 2: a lot of these folks, and there's a huge desire
• 10:49
  Speaker 2: for Democrats to show that they're finding Trump or the
• 10:51
  Speaker 2: Republican agenda at any fast that they can. And I
• 10:55
  Speaker 2: think that's going to be you know more hopefully we
• 10:57
  Speaker 2: can put away that parts of politics, but it will
• 10:59
  Speaker 2: be telling us what happens.
• 11:00
  Speaker 3: That hearing tomorrow.
• 11:02
  Speaker 2: And again you've seen some good players that have been
• 11:04
  Speaker 2: there before, like Tim Asad, who's been more the Democrat witness,
• 11:08
  Speaker 2: so we kind of know exactly what he's going to say.
• 11:10
  Speaker 2: But the question more is how aggressible Democrats come and
• 11:14
  Speaker 2: will be open minded or will they be more shut off,
• 11:16
  Speaker 2: because at least in the House, it took several years
• 11:18
  Speaker 2: to get those hearings to give you more of a
• 11:20
  Speaker 2: vi parison approach and to get those vote counts whereas
• 11:23
  Speaker 2: a Senate they haven't done as much compared to the
• 11:25
  Speaker 2: House work here, but which is kind of crazy to
• 11:28
  Speaker 2: think about. Like the Clarity Bill, for example, was one
• 11:30
  Speaker 2: of the bills that I worked on in some foreign
• 11:32
  Speaker 2: fashion back in twenty seventeen, and I thought that bill
• 11:34
  Speaker 2: would hopefully get across the finish line of Token Taxoniact
• 11:37
  Speaker 2: in twenty twenty.
• 11:37
  Speaker 3: One and the very latest.
• 11:39
  Speaker 2: But here we are almost eight years later and we're
• 11:42
  Speaker 2: still looking for a market structure bill. So someone who's
• 11:44
  Speaker 2: a person been very involved in this fight, My hope
• 11:47
  Speaker 2: is that the Senate is taking the notes from the
• 11:49
  Speaker 2: House that this is a inevitable but b this is
• 11:51
  Speaker 2: also not a trump bill, and see this is really
• 11:53
  Speaker 2: necessary for the markets because to your point Paul about
• 11:56
  Speaker 2: a friendly SEC, the penduland swings the other way again,
• 12:00
  Speaker 2: and that can happen in three years, so we wouldn't
• 12:02
  Speaker 2: have a situation where we have law instead of having
• 12:04
  Speaker 2: guidance that can get stricken down, just like this current
• 12:07
  Speaker 2: SEC has stripped down much of the guiance from the
• 12:09
  Speaker 2: previous SEC.
• 12:09
  Speaker 1: Yeah, for sure. So it is a window for sure
• 12:12
  Speaker 1: that could be looming up on us. And I think
• 12:14
  Speaker 1: you look at Crypto week next week July fourteenth through eighteenth.
• 12:18
  Speaker 1: This could really open up a lot of different analysis
• 12:22
  Speaker 1: on one how a lot of these lawmakers are dealing
• 12:26
  Speaker 1: with this, both from an incoming amount of lobbyists, but
• 12:30
  Speaker 1: also maybe giving us a little bit of indication. What
• 12:33
  Speaker 1: do you think is going to happen next week?
• 12:35
  Speaker 3: It is hard to tell.
• 12:36
  Speaker 2: And again a lot of this does come down to
• 12:38
  Speaker 2: more how you address it and how the narrative is
• 12:39
  Speaker 2: in the media, because you have to remember that a
• 12:41
  Speaker 2: lot of these members of Congress from most part having
• 12:43
  Speaker 2: dealt with Crypto, the Tuligan and two committees, you're dealing
• 12:46
  Speaker 2: about one hundred members or so. There was that vhoto
• 12:48
  Speaker 2: on did twenty one that was really strong last year,
• 12:50
  Speaker 2: and we had a lot of surprises, including folks like
• 12:52
  Speaker 2: Nancy Pelosi.
• 12:53
  Speaker 3: You understand this is important to vote for.
• 12:55
  Speaker 2: So the question is do we see that kind of
• 12:57
  Speaker 2: leadership buying from the Democrats saying, hey, it's okay, you know,
• 13:00
  Speaker 2: this is not the Republican versus Democrat fight. This is
• 13:02
  Speaker 2: actually a necessary bill. Those are large decisions that impact
• 13:06
  Speaker 2: the rest of the Democratic caucus. And so when we
• 13:09
  Speaker 2: get the same votecount as fit twenty one. On the
• 13:11
  Speaker 2: Democrats side, we're hoping so, but again we have this
• 13:16
  Speaker 2: take in mind that the Trump family involved in worldly
• 13:18
  Speaker 2: financial in the meanpoints and a lot of issues have
• 13:21
  Speaker 2: caused some heartburn for Democrats and also a vector to
• 13:24
  Speaker 2: attack the Trump administration via crypto legilation, which we didn't
• 13:27
  Speaker 2: really think was possibility in two years ago, but here
• 13:29
  Speaker 2: we are now. So that's just the added factor. But overall,
• 13:32
  Speaker 2: the market has been clamoring for this and this is
• 13:35
  Speaker 2: really really necessary. And that's where we're telling a lot
• 13:37
  Speaker 2: of folks like, hey, look, regardless of politics here, this
• 13:39
  Speaker 2: is actually just good policy that we need on the books.
• 13:41
  Speaker 2: And by no means is that like a giveaway to
• 13:43
  Speaker 2: the industry, No doubt, it's regulational.
• 13:45
  Speaker 3: An industry is asking.
• 13:46
  Speaker 1: For regulation, Yeah for sure. Well, and I think you know,
• 13:49
  Speaker 1: you look at some of the other things that are
• 13:51
  Speaker 1: kind of encompassing what's happening on the crypto side of that,
• 13:54
  Speaker 1: and that is data privacy. Obviously, this was a tweet
• 13:57
  Speaker 1: from Atallic. This was talking about Romans. This is one
• 14:00
  Speaker 1: of the Tornado Cash guys that was talking about what
• 14:04
  Speaker 1: could be accepted out there privacy and messaging without back doors.
• 14:07
  Speaker 1: That's one of the big one that everybody's looking at
• 14:09
  Speaker 1: right now. Do you think that data privacy versus Congress
• 14:14
  Speaker 1: and how the Democrats would perceive this, because the positions
• 14:19
  Speaker 1: that I've heard in the past from the Dems has
• 14:21
  Speaker 1: been very pro data privacy. This would change things up
• 14:25
  Speaker 1: quite a bit here if this were to go in
• 14:28
  Speaker 1: that direction. What are your thoughts about that?
• 14:29
  Speaker 3: It's a weird issue data privacy.
• 14:31
  Speaker 2: It actually kind of is one where the fringes of
• 14:33
  Speaker 2: Republicans and the fringes of the Democrats do meet in
• 14:35
  Speaker 2: the middle and actually agree. So I worked for Warren
• 14:37
  Speaker 2: Davidson years ago. He's a very pro privacy member of Congress.
• 14:41
  Speaker 2: And what is allies is Zoe Lofgan from California, and
• 14:43
  Speaker 2: she's one of the most progressive members out there. And
• 14:46
  Speaker 2: so data privacy does have this weird thing with the
• 14:49
  Speaker 2: edges agree but the middle does not. Actually, in the past,
• 14:52
  Speaker 2: it was actually a Republican administration that was pretty aggressive
• 14:54
  Speaker 2: on privacy, especially in the first Shop administration, and we
• 14:58
  Speaker 2: are seeing that old guard really being shifted out, and
• 15:00
  Speaker 2: I guess especially the dropping of the Romans compet that
• 15:02
  Speaker 2: has been a really interesting dynamic where these really national
• 15:05
  Speaker 2: security heavy Republicans who like to have as much of
• 15:08
  Speaker 2: a backdoor as possible, both in tech but also in
• 15:11
  Speaker 2: governments to enact whatever policies they want. That seems to
• 15:14
  Speaker 2: be getting shut down again. That's very much. It seems
• 15:17
  Speaker 2: to be the new Trump mimistration and the new push
• 15:20
  Speaker 2: from this issue. But again we've all seen self cussy
• 15:23
  Speaker 2: language included in the Clarity Act, and the largest pushback
• 15:26
  Speaker 2: for years was actually other Republicans, and so that's been
• 15:29
  Speaker 2: a major shift behind the scenes.
• 15:31
  Speaker 3: I don't think a lot of folks have realized.
• 15:32
  Speaker 2: So I'm glad you brought it up because it's a
• 15:35
  Speaker 2: very interesting battle with the very interesting and very different lines,
• 15:39
  Speaker 2: and it touches so many other issues. Of course, especially
• 15:42
  Speaker 2: when we saw the TikTok it's of like that years ago,
• 15:44
  Speaker 2: so it remains to be seen. But right now, at
• 15:47
  Speaker 2: least in DC, it's trending in a positive direction. And
• 15:50
  Speaker 2: recall again, the main hurdle for years ago was nationalcurity
• 15:54
  Speaker 2: heavy John McCain types on the Republican side, and that
• 15:57
  Speaker 2: has now evaporated.
• 15:58
  Speaker 1: What's happening with TikTok right now. Obviously we've got a
• 16:01
  Speaker 1: lot of activity going on one specifically this week. I
• 16:05
  Speaker 1: want to play this clip for you and get your
• 16:07
  Speaker 1: opinion as to whether or not you think this is
• 16:09
  Speaker 1: going to get approved.
• 16:09
  Speaker 2: Take a look, there is going to be a buyer
• 16:12
  Speaker 2: for the popular social media app.
• 16:14
  Speaker 3: Pretty much have a deal.
• 16:16
  Speaker 5: I think we're going to start Monday or Tuesday asking
• 16:18
  Speaker 5: talking to China.
• 16:19
  Speaker 3: So we pretty much have a deal.
• 16:21
  Speaker 5: President Trump is pretty confident that there is a buyer.
• 16:25
  Speaker 5: In fact, there could be private equity buyers at Consortium
• 16:29
  Speaker 5: who may be interested in buying TikTok us. But in
• 16:33
  Speaker 5: the process they have launched a new app sort of
• 16:35
  Speaker 5: suggest they want to decouple the algorithm from the core
• 16:39
  Speaker 5: TikTok usage, So that was also a point of contention
• 16:43
  Speaker 5: in terms of getting the approval.
• 16:45
  Speaker 1: So all right, so am I going to have effectively
• 16:48
  Speaker 1: two tiktoks out there at the TikTok app we all
• 16:50
  Speaker 1: know and love. And then something that they are doubling
• 16:53
  Speaker 1: internally is m two.
• 16:54
  Speaker 5: Will get access to the new app and then the
• 16:57
  Speaker 5: first one gets paced out.
• 16:59
  Speaker 1: So this is going to get be big. I'm just
• 17:01
  Speaker 1: going to show you a quick headline here. They're talking
• 17:03
  Speaker 1: about this app right here. Divest Or the band deadline
• 17:07
  Speaker 1: and the deadline for this new app right now, let
• 17:10
  Speaker 1: me kind of zoom in on that scheduled to launch
• 17:13
  Speaker 1: on September fifth. Now, TikTok very very critical in terms
• 17:19
  Speaker 1: of data privacy. That's been pretty much the campaign that
• 17:21
  Speaker 1: most of what DC has played on. You look at
• 17:24
  Speaker 1: this strategy though, if this does take place and we
• 17:28
  Speaker 1: end up with the likes of whether it's Oracle or
• 17:31
  Speaker 1: others out there that could play into an acquisition here,
• 17:35
  Speaker 1: this gets into all of social I mean you're talking
• 17:38
  Speaker 1: about as Facebook, meta pretty much anyone that would be
• 17:42
  Speaker 1: really at odds here now with possibly a data privacy issue.
• 17:45
  Speaker 1: Do you think that's going to play out going forward?
• 17:48
  Speaker 3: A hunred percent.
• 17:49
  Speaker 2: I actually I expected to consume much of the fall
• 17:52
  Speaker 2: when convers gets back in August or after August.
• 17:54
  Speaker 3: It's going to be an issue for hearings.
• 17:56
  Speaker 2: Again, like I mentioned, the party lines on this issue
• 17:58
  Speaker 2: are not straight Republican versus Democrat, especially on TikTok. It's
• 18:01
  Speaker 2: this also weird thing where you have the anti China
• 18:05
  Speaker 2: viewpoint of the Trump administration that's being very aggressive as
• 18:08
  Speaker 2: well as trying to say that this is actually a
• 18:09
  Speaker 2: pretty good technology that has been very instrumental for a
• 18:12
  Speaker 2: lot of things, including the campaign recently. So the lines
• 18:16
  Speaker 2: are very interesting and that's where we're going to see
• 18:18
  Speaker 2: probably a lot of different vectors here. But in terms
• 18:21
  Speaker 2: of buyers and in terms of folks somebody DC to
• 18:24
  Speaker 2: a lot of those issues. I've definitely seen them in
• 18:25
  Speaker 2: the hallways, you know, on both sides of the aisle.
• 18:28
  Speaker 2: Here are both sides of the camps of the TikTok fight,
• 18:31
  Speaker 2: and there's a lot of money being invested in terms
• 18:33
  Speaker 2: of trying and change hearts and minds.
• 18:35
  Speaker 1: Yeah, I think that's the key to your point is
• 18:37
  Speaker 1: a lot of lawmakers are now starting cycle in. We
• 18:40
  Speaker 1: are going to see a new presence, I think, especially
• 18:42
  Speaker 1: in twenty twenty six and the obviously going into the
• 18:44
  Speaker 1: midterms late next year when all this is done. At
• 18:48
  Speaker 1: the end of the day, Ron, what is your outlook
• 18:51
  Speaker 1: here for crypto, especially the blockchain industry as a whole.
• 18:54
  Speaker 1: Is this still? Man? We are on fire and we
• 18:57
  Speaker 1: are going to see so much innovation. What's your uh?
• 19:00
  Speaker 2: I'ven't seen that directed myself actually, I mean especially after
• 19:03
  Speaker 2: November uh in where you aside where you'd actually took
• 19:06
  Speaker 2: them to the White House a couple of months ago,
• 19:08
  Speaker 2: I v Any and Marina the COO uh, and they
• 19:11
  Speaker 2: were very much doubling down President Trump's message of we're
• 19:14
  Speaker 2: trying to make this the crypto capital of the world,
• 19:15
  Speaker 2: and we're actually establishing a US office. I firstly moved
• 19:18
  Speaker 2: from DC to New York, and I'm seeing the slew
• 19:21
  Speaker 2: of other companies who are hiring in this space, both
• 19:24
  Speaker 2: for business development teams but also policy folks.
• 19:26
  Speaker 1: Uh.
• 19:27
  Speaker 2: And really New York's kind of weirdly this crypto capital now,
• 19:30
  Speaker 2: and a lot of folks from mine so I've seen
• 19:33
  Speaker 2: it personally, and it's weird going through areas like Soho
• 19:36
  Speaker 2: and even the fi Ie areas and seeing a lot
• 19:39
  Speaker 2: of crypto people talking crypto on the streets.
• 19:41
  Speaker 3: I never thought I would see that in years. But
• 19:43
  Speaker 3: cryptos coming to Wall Street now.
• 19:45
  Speaker 2: The question is kind of, uh, will crypto e its
• 19:47
  Speaker 2: own tail in d C where we have too much
• 19:50
  Speaker 2: find in the markets to really be, you know, clear
• 19:54
  Speaker 2: as a mature industry, the sky's a limit. But I've
• 19:57
  Speaker 2: been seeing it firsthand in New York very very recently.
• 20:01
  Speaker 2: It's got me really excited. So and again, so not
• 20:03
  Speaker 2: just winning mute, it's a lot of companies I'm seeing
• 20:05
  Speaker 2: and they're all actually we're a lot of us are
• 20:06
  Speaker 2: in the same we work, so it's kind of exciting
• 20:08
  Speaker 2: to see these companies coming together and we're all collaborating together.
• 20:12
  Speaker 3: Very much like at the Blockchain Association.
• 20:14
  Speaker 2: It's kind of like a WE word for crypto, so
• 20:16
  Speaker 2: like all the crypto lobbyists and policy folks come hang
• 20:18
  Speaker 2: out and it's we're emulating that in New York and
• 20:21
  Speaker 2: it's grown tremendously.
• 20:23
  Speaker 1: I love it. Hey, listen, Ron, it's been great having
• 20:26
  Speaker 1: you back on. I'm going to tap you a couple
• 20:27
  Speaker 1: of times. We'll be covering a lot of this going
• 20:30
  Speaker 1: through the next six weeks and into the fall as
• 20:33
  Speaker 1: we start to see a lot of changes coming into
• 20:35
  Speaker 1: the crypto market. So thanks again for coming in.
• 20:36
  Speaker 2: We appreciate it anytime, but we planned to cover so
• 20:38
  Speaker 2: looking forward to it.
• 20:39
  Speaker 1: You bet are you? Guys? Make sure and tune in
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• 20:51
  Speaker 1: We'll catch you next time right here on the Paul
• 20:53
  Speaker 1: Baron Show,