Latest / The Paul Barron Crypto Show / CLARITY Crunchtime🚨Japan Adoption EXPLOSION!🔥

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CLARITY Crunchtime🚨Japan Adoption EXPLOSION!🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Clarity is now critical, and Trump is planning a meeting
• 0:03
  Speaker 1: with senators will break it all down for you. Maybe
• 0:05
  Speaker 1: there is hope yet as we get into it, I
• 0:08
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• 0:43
  Speaker 1: over on OKX. Let's go over to a few tweets
• 0:46
  Speaker 1: I want to kind of lead off with, and that
• 0:47
  Speaker 1: is that Trump is going to be meeting with US
• 0:49
  Speaker 1: senators today to discuss crypto and the market structure. Bill,
• 0:54
  Speaker 1: and I think the point right now will be this is,
• 0:57
  Speaker 1: you've got some very interesting issues that are facing President Trump,
• 1:03
  Speaker 1: and also the administration in terms of Clarity, how they
• 1:06
  Speaker 1: negotiate this, and they may we'll see, they may push
• 1:10
  Speaker 1: it down the road and say it doesn't really belong
• 1:12
  Speaker 1: in this. But I think this is going to be
• 1:15
  Speaker 1: the meeting that will pretty much tell the tale of
• 1:18
  Speaker 1: whether or not Clarity gets through. Ripple may see that
• 1:21
  Speaker 1: to be the case, because guess what, they've put the
• 1:23
  Speaker 1: Clarity truck back on the road today. It's in DC
• 1:26
  Speaker 1: trying to get Senators to may make some decisions and
• 1:29
  Speaker 1: pay attention to what's happening. Other points you have to
• 1:32
  Speaker 1: look at within the bill. These are the three key things.
• 1:36
  Speaker 1: If you guys have been following our show, you probably know,
• 1:38
  Speaker 1: but we have a lot of new viewers. Thank you
• 1:41
  Speaker 1: for subscribing. We appreciate that. But these are the three
• 1:45
  Speaker 1: boiling points that really it comes down to. One is
• 1:48
  Speaker 1: the ethics provision. The question is whether or not they
• 1:51
  Speaker 1: negotiate some sort of compromise and they push this down
• 1:54
  Speaker 1: the road. The key things are going to be developer protection,
• 1:57
  Speaker 1: which I think is going to still stay with it,
• 2:00
  Speaker 1: and then of course the stable coin yield. That is
• 2:02
  Speaker 1: the fight. I think that continues to be the number
• 2:06
  Speaker 1: one issue that the Banks, of course push in on
• 2:09
  Speaker 1: one other point that is important here is in reference
• 2:13
  Speaker 1: to who's going to be in the room. It goes
• 2:14
  Speaker 1: back to this right here, and that is Reuben Diego,
• 2:17
  Speaker 1: who is the Democrat who led the ethics talks for months.
• 2:21
  Speaker 1: He's not invited. That is a problem, I think for
• 2:24
  Speaker 1: one the Democrats to maybe come to a detente with
• 2:28
  Speaker 1: this administration around ethics. And I think it also showcases
• 2:33
  Speaker 1: that maybe we've got a handful of Democrats that are
• 2:36
  Speaker 1: going to push us in the position where we cannot
• 2:38
  Speaker 1: make the sixty votes. So right now there's about fifty
• 2:41
  Speaker 1: three Republicans, so there needs to be seven Democrats at least,
• 2:45
  Speaker 1: and that is without Lindsey Graham even coming into the place.
• 2:49
  Speaker 1: So big pressure right now when it comes down to voting.
• 2:52
  Speaker 1: I want to play a quick clip here of where
• 2:56
  Speaker 1: some of the industry thinks this is going to land
• 2:58
  Speaker 1: on ethics.
• 2:59
  Speaker 2: Take a look now, I know there's an effort in
• 3:01
  Speaker 2: the Senate by a number of Democrats at ethics provisions.
• 3:05
  Speaker 2: That's something we in the industry really can't speak to.
• 3:07
  Speaker 2: It's an amendment to the government ethics rules, which is
• 3:09
  Speaker 2: really something policymakers need to figure out, and so we'll
• 3:13
  Speaker 2: see what happens on that side of it. But even
• 3:15
  Speaker 2: without an ethics provision, the bill is a dramatic step
• 3:18
  Speaker 2: forward for the priorities that Democrats have laid out, and
• 3:21
  Speaker 2: so I hope everybody keeps their focus on that reality absolutely.
• 3:26
  Speaker 1: All right, guys, let me know what you guys think.
• 3:28
  Speaker 1: Do you think that the ethics issue will put a
• 3:31
  Speaker 1: stop to this bill? Just put yes or no down below.
• 3:34
  Speaker 1: I'm kind of curious because what Fariar was getting at
• 3:38
  Speaker 1: here is that it really shouldn't be even considered in
• 3:42
  Speaker 1: this particular bill. It should be something that is a
• 3:45
  Speaker 1: broader scope in general. And maybe that is the angle
• 3:49
  Speaker 1: in which the lobbyist and maybe some of the lawmakers
• 3:52
  Speaker 1: are trying to go. So I don't know we're going
• 3:54
  Speaker 1: to see it. But you got Senator Tom tell Us,
• 3:56
  Speaker 1: he's one of the lead negotiators right now by the
• 3:58
  Speaker 1: Banks and crypto stablecoin compromise. He told Brendan Peterson that
• 4:03
  Speaker 1: he's got this whole thing around a circuit breaker language,
• 4:06
  Speaker 1: and what he said was adding the language would be
• 4:09
  Speaker 1: a test for the banks if they still oppose it
• 4:13
  Speaker 1: with the bill with a circuit breaker provision. Then he suggested,
• 4:16
  Speaker 1: they're concerns about you. Deposit flight is just pretty much BS.
• 4:21
  Speaker 1: Let's just say it is BS. And I think that
• 4:23
  Speaker 1: is the issue right now. This is more about control
• 4:27
  Speaker 1: of what eventually will be an emerging generation of new
• 4:32
  Speaker 1: investors and a lot of new financial decisions that are
• 4:35
  Speaker 1: going to be made out there. And I think banks
• 4:37
  Speaker 1: are kind of on the line either way because there's
• 4:40
  Speaker 1: been so much innovation in the fintech side of things.
• 4:43
  Speaker 1: Another thing to look at right here, and I think
• 4:45
  Speaker 1: Friar hits it right here, is the impact on sable
• 4:48
  Speaker 1: coins on small banks has received a lot of attention,
• 4:51
  Speaker 1: but not for the right reasons. He goes on in
• 4:53
  Speaker 1: this tweet says, now, the part small banks should actually
• 4:56
  Speaker 1: care about sable coins enable four thousand community and re
• 5:00
  Speaker 1: banks to punch above their weight. This is what I
• 5:03
  Speaker 1: actually think that the big banks are concerned about, is
• 5:07
  Speaker 1: that the little banks might actually have a chance here
• 5:11
  Speaker 1: to grow. So I don't know this is going to
• 5:14
  Speaker 1: be Maybe there's a fight brewing right now within the
• 5:16
  Speaker 1: banking industry as a whole, and this is just one
• 5:19
  Speaker 1: of the cornerstones that would help drive it forward. If
• 5:22
  Speaker 1: you look at the odds of clarity. It has been
• 5:26
  Speaker 1: dropping really since we saw right there around May tenth,
• 5:29
  Speaker 1: I think it was the Mother's Day weekend or so.
• 5:32
  Speaker 1: They went after the senators and I'm talking about the
• 5:37
  Speaker 1: banks the ABA, and that's the essentially the situation of
• 5:40
  Speaker 1: the lobbying group putting a lot of pressure on. Since
• 5:43
  Speaker 1: that occurred, we have seen kind of up and down,
• 5:46
  Speaker 1: but the trend line is not good even holding it
• 5:49
  Speaker 1: about a forty percent chance right now. So let me
• 5:51
  Speaker 1: go to another clip here, because this is lummis brilliant
• 5:54
  Speaker 1: w wash on issues on the destruction of records during
• 5:59
  Speaker 1: the Silicon Valley bank. Now, this could ties into some
• 6:02
  Speaker 1: of what maybe the banking industry is concerned about. Take
• 6:05
  Speaker 1: a look.
• 6:06
  Speaker 3: You know, there are rumors that there may have been
• 6:10
  Speaker 3: destruction of records by some of the staff at the
• 6:17
  Speaker 3: Division of Bank Supervision, and of course that's a crime.
• 6:21
  Speaker 3: So if records relating to the supervision of these banks
• 6:25
  Speaker 3: were intentionally deleted by staff before you were at the FED,
• 6:30
  Speaker 3: before you ever became chairman, will you order your staff
• 6:34
  Speaker 3: to assist in recovery of these records and cooperate with
• 6:38
  Speaker 3: law enforcement.
• 6:40
  Speaker 4: Yeah, so I made a bold statement to one of
• 6:42
  Speaker 4: your colleagues before that I was opposed to scams. I
• 6:44
  Speaker 4: can make a bold statement, I'm opposed to criminal activity.
• 6:47
  Speaker 4: I have no reason to believe there are any criminal
• 6:50
  Speaker 4: activity here, but I think we want to get to
• 6:52
  Speaker 4: the bottom of an investigation. If there's an ongoing investigation,
• 6:56
  Speaker 4: and investigators generally want access to things, there's no reason
• 7:01
  Speaker 4: why they shouldn't have access.
• 7:02
  Speaker 1: Thank you, all right, So they're giving access. We'll see
• 7:05
  Speaker 1: if that pans out here, because it could put some
• 7:09
  Speaker 1: pressure on the FED itself. Lummus is also pushing, obviously
• 7:14
  Speaker 1: on clarity. She is the one center I think that
• 7:16
  Speaker 1: continues to kind of tout the horn for obvious reasons.
• 7:20
  Speaker 1: But let me play a clip on that. Take a look.
• 7:22
  Speaker 3: It's very important that we get this bill across the
• 7:25
  Speaker 3: finish line before the August recess begins, so we can
• 7:30
  Speaker 3: make the markets aware of the stability that will be
• 7:36
  Speaker 3: provided to them if they remain on shore in the
• 7:40
  Speaker 3: United States to do business. This is a pivotal time
• 7:43
  Speaker 3: for the industry and we want to meet their needs.
• 7:46
  Speaker 3: Is it fair to say this bill will be back.
• 7:49
  Speaker 3: It will be on the Senate floor the week of
• 7:51
  Speaker 3: July twentieth, well, I expect it'll be that week.
• 7:55
  Speaker 1: Then you have Patrick Witt right here. The world won't
• 7:57
  Speaker 1: wait on America forever. We can either lead or we
• 8:01
  Speaker 1: can just fall behind pretty much when it comes to
• 8:02
  Speaker 1: digital assets. The problem is this, guys. We did a
• 8:06
  Speaker 1: video yesterday. This video is pomping right now. It's Japan.
• 8:11
  Speaker 1: And the reason that they just blew past the US
• 8:15
  Speaker 1: and here is the core. They have essentially from the
• 8:19
  Speaker 1: government level, paved the way both on the banking infrastructure,
• 8:24
  Speaker 1: the adoption model, as well as the distribution model that
• 8:29
  Speaker 1: it would take to implement crypto across the entire economy
• 8:35
  Speaker 1: inside Japan. Remember Japan one of the largest trading partners
• 8:39
  Speaker 1: with the US, but more importantly one of the top
• 8:42
  Speaker 1: five when it comes to economic powerhouses globally. So this
• 8:47
  Speaker 1: is a huge move on Japan's side that is really
• 8:51
  Speaker 1: positioning them because they understand there is a very interesting
• 8:55
  Speaker 1: situation boiling when it comes to things like the reverse
• 8:58
  Speaker 1: carry trade, which we've talked many times. If you guys
• 9:01
  Speaker 1: know what that is, go out and do a little
• 9:02
  Speaker 1: research on it. It essentially starts to put a lot
• 9:05
  Speaker 1: of pressure on US treasuries and if they have an
• 9:07
  Speaker 1: alternative system that essentially is underway. This is exactly what
• 9:11
  Speaker 1: Patrick Wit and a lot of lawmakers are concerned with
• 9:14
  Speaker 1: right now, is that the US no longer becomes the
• 9:19
  Speaker 1: center of the financial ecosystem. Japan's two hundred and fifty
• 9:23
  Speaker 1: billion SBI group now as partner with ONO. This is
• 9:26
  Speaker 1: another nail in that coffin is they continue to push through.
• 9:30
  Speaker 1: This is going to bring Japanese stocks on chain, including
• 9:33
  Speaker 1: tokenized assets through SBI, so that's more distribution. You've got
• 9:36
  Speaker 1: the en stable COINSJPIC. All of this will be used
• 9:39
  Speaker 1: for payments and collateral. This clears the table for what
• 9:44
  Speaker 1: Japan is really trying to do, and that is make
• 9:47
  Speaker 1: a massive step forward. And I think their tax positioning
• 9:51
  Speaker 1: when they reduce their capital gains from fifty to twenty.
• 9:53
  Speaker 1: I mean, can you imagine seeing your capital gains tax
• 9:56
  Speaker 1: going from fifty percent on crypto to twenty percent. This
• 10:00
  Speaker 1: is going to ignite activity and I think that might
• 10:03
  Speaker 1: be why we're seeing a little bit movement in the
• 10:05
  Speaker 1: market right now. So as you can see, guys, for
• 10:08
  Speaker 1: the amount of updates that the Japanese are doing right
• 10:12
  Speaker 1: now and the speed in which they're aligning this, it's
• 10:16
  Speaker 1: possible we could see all sorts of announcements that would
• 10:18
  Speaker 1: continue on twenty days could be a lifetime based on
• 10:22
  Speaker 1: everything that is happening, because I think there is a
• 10:26
  Speaker 1: slew of companies here in the United States that are
• 10:29
  Speaker 1: simply waiting for the Senate to say yes. The minute
• 10:33
  Speaker 1: they do, you are going to see an absolute explosion
• 10:37
  Speaker 1: of announcements, press releases, movements, strategic partnerships, a lot of
• 10:42
  Speaker 1: these nbas completely uncovered, and a whole movement. I think
• 10:46
  Speaker 1: in crypto going forward, we're ready. The trigger is there
• 10:50
  Speaker 1: and ready to pull. I think the problem is that
• 10:53
  Speaker 1: we've got Capitol Hill holding all of this up right now,
• 10:57
  Speaker 1: That's what it boils down to. I want to go
• 10:59
  Speaker 1: to a clip here, though, Let's jump over to how
• 11:01
  Speaker 1: crypto and AI are connected at the hip and what
• 11:04
  Speaker 1: it might mean going forward.
• 11:06
  Speaker 5: This is tomly there may be a point in time
• 11:09
  Speaker 5: where if our delegated agents make more money than us,
• 11:13
  Speaker 5: we're going to wonder if we work for them or
• 11:15
  Speaker 5: they work for us. And I think that crypto is
• 11:18
  Speaker 5: really one of the ways for humans to control the
• 11:21
  Speaker 5: future world of agents. Right market was looking for two cuts,
• 11:24
  Speaker 5: now it's two hikes. That's a headwind the Clarity Act,
• 11:28
  Speaker 5: which was supposed to help provide and create federal preemption
• 11:33
  Speaker 5: of cryptocurrency rules and let the CFTC essentially have purview
• 11:37
  Speaker 5: over that industry. You know, that's still stuck in the
• 11:41
  Speaker 5: Congress processes. And AI of course has done so well
• 11:46
  Speaker 5: to me headwinds, but they're not creating what I call
• 11:49
  Speaker 5: intermodal replacements. I think blockchain is still going to be
• 11:52
  Speaker 5: central to the future of the financial services industry and
• 11:56
  Speaker 5: actually to how we manage AI.
• 12:00
  Speaker 1: All Right, so some very key statements there. One, the
• 12:02
  Speaker 1: fact that he mentioned Clarity just shows you that he's
• 12:05
  Speaker 1: fully in tune with why this is so important. He
• 12:09
  Speaker 1: also understands the implementation of how AI agents are going
• 12:13
  Speaker 1: to be transacting on our behalf in the future. And
• 12:16
  Speaker 1: it's coming, guys, very quickly. I think we're going to
• 12:18
  Speaker 1: probably see it integrated more and more into the centralized
• 12:21
  Speaker 1: exchange products that are out there. Robin has already gone
• 12:24
  Speaker 1: this direction, a handful of others are moving this direction.
• 12:27
  Speaker 1: It won't be very long. I think by end of
• 12:30
  Speaker 1: year you're going to see really active portfolios by average people,
• 12:34
  Speaker 1: average traders that are doing some pretty amazing things visa
• 12:38
  Speaker 1: actually said that AI agents will use stable coin payments
• 12:40
  Speaker 1: for tiny payments, So now we're talking about micro payments
• 12:43
  Speaker 1: that would get involved in the endo this and I
• 12:46
  Speaker 1: think that opens things up stable coins to be a
• 12:48
  Speaker 1: part of that. That's a multi trillion dollar industry in
• 12:50
  Speaker 1: itself globally, so imagine all of that still coming on blockchain,
• 12:55
  Speaker 1: and we haven't even moved the multi trillion in terms
• 12:57
  Speaker 1: of asset liquidity into risk assets overall, which continues to
• 13:03
  Speaker 1: put more pressure on the overall market in general. Stripe
• 13:06
  Speaker 1: and PayPal, though, are still courting a deal. This deal
• 13:10
  Speaker 1: could put PYUSD. If you guys don't know, that is
• 13:13
  Speaker 1: PayPal's stable cooint Yeah, they have one, and this would
• 13:17
  Speaker 1: put it into basically Venmo's four hundred million users blockchain
• 13:22
  Speaker 1: payment rails, So you'd have Venmo, PayPal, and Stripe all connected.
• 13:27
  Speaker 1: If the government doesn't shut this down. From an antitrust standpoint,
• 13:33
  Speaker 1: I think this would be interesting. The other side to
• 13:36
  Speaker 1: this is this pivots PayPal out of a public company,
• 13:40
  Speaker 1: because Stripe obviously not public yet. PayPal surged on the news.
• 13:45
  Speaker 1: This of course will be a question mark, but does
• 13:48
  Speaker 1: this do something for pyus D and maybe even the
• 13:51
  Speaker 1: strategy that Stripe could be putting together. Again, this is
• 13:55
  Speaker 1: all still speculation because this would have to go through
• 13:58
  Speaker 1: a lot of regulation to just get done for sure. Micron, though,
• 14:03
  Speaker 1: in the meantime, has continue to retrace. Now, Micron has
• 14:08
  Speaker 1: been one of the winners overall when it comes to
• 14:12
  Speaker 1: the semiconductor stocks, and the reason obvious. You know, they
• 14:16
  Speaker 1: make the chips and memory that goes in almost every
• 14:18
  Speaker 1: device out there that you're utilizing today, that of course
• 14:22
  Speaker 1: has blown off top. We've started to see a pull
• 14:24
  Speaker 1: down Micron and is down now thirty percent since just
• 14:28
  Speaker 1: June twenty second. Guys, so less than a month we
• 14:31
  Speaker 1: have seen a thirty percent drop. So this probably hurts
• 14:33
  Speaker 1: some retail traders that we're trying to look at where
• 14:37
  Speaker 1: this was heading. The semiconductor stocks are the new leaders
• 14:41
  Speaker 1: in the market though still and I think everybody's trying
• 14:43
  Speaker 1: to figure that out. But Micron at the time contribute
• 14:47
  Speaker 1: one point four percentage points to the S and P
• 14:49
  Speaker 1: S five hundred. That was after their gains. This of
• 14:52
  Speaker 1: course was during the stock which had rallied over a
• 14:55
  Speaker 1: long period of time. Are we seeing a rotation is
• 14:57
  Speaker 1: really what the question is? If there is a rotation
• 15:00
  Speaker 1: out of this, whether it's going into capital like stable
• 15:04
  Speaker 1: coins or into just cash in general and ready for
• 15:08
  Speaker 1: either a final DIB or possibly what leg up we
• 15:12
  Speaker 1: are on right now as ethereum hits almost two thousand dollars,
• 15:15
  Speaker 1: So maybe there is some strategy going on right now
• 15:19
  Speaker 1: from the semiconductor traders that are starting to shift into
• 15:22
  Speaker 1: more risk. Here is Mark Cudmore talking about the AI
• 15:26
  Speaker 1: turning point. Take a look.
• 15:28
  Speaker 6: I think the bubble keeps on unfading until an earning
• 15:32
  Speaker 6: season change. And what I'm looking for an earning season
• 15:33
  Speaker 6: is a slash in CAPEX. So I think it is
• 15:36
  Speaker 6: a tremendous AI copex bubble. I think it's going to
• 15:38
  Speaker 6: be very painful what happens, but I don't think you
• 15:40
  Speaker 6: can preempt it. And I think it's it's a I think,
• 15:43
  Speaker 6: you know, is this is this a turning point now?
• 15:45
  Speaker 6: I don't think so, But like I'm open minded, but
• 15:48
  Speaker 6: like basically I think you've got to stay underlyingly positive
• 15:51
  Speaker 6: until we get that copex production. However, as we've discussed
• 15:55
  Speaker 6: since May, I think we're in the much more volatile stage,
• 15:57
  Speaker 6: and I think the volatil we've seen in the last
• 15:58
  Speaker 6: two months is what we're gonna get for the next months.
• 15:59
  Speaker 6: But like the prior bubbles, that voltile stage last six months.
• 16:03
  Speaker 6: So to me, you know, my base cases were another
• 16:05
  Speaker 6: earning season away always, but I'm going to be open
• 16:07
  Speaker 6: minded to every single hyperscaler earning support. As soon as
• 16:10
  Speaker 6: Capex gets slashed, that's game over.
• 16:13
  Speaker 1: All, right, So this is something that is critical to
• 16:15
  Speaker 1: pay attention to, guys, because you're looking at two colliding
• 16:20
  Speaker 1: forces here, one Capex potentially going to the line of
• 16:25
  Speaker 1: let's reduce spending. When that does, just like Cogmore just said,
• 16:30
  Speaker 1: it's game over. That means rotation of capital. Only one caveat.
• 16:34
  Speaker 1: If Clarity doesn't spin through Washington, then you have basically
• 16:39
  Speaker 1: a mismatch of where that liquidity could go instead of
• 16:43
  Speaker 1: into crypto because it's got you know, a regulatory pathway,
• 16:46
  Speaker 1: now you could be running into something else. So this
• 16:49
  Speaker 1: is a very sensitive time right now in the markets,
• 16:52
  Speaker 1: So pay attention to that. Larry Fink, though thinks there's
• 16:56
  Speaker 1: something else happening. Listen to what he had to say.
• 17:00
  Speaker 7: I was always worried about the leverage in bitcoin and crypto.
• 17:04
  Speaker 1: There is too much leverage players in it. That's why
• 17:07
  Speaker 1: we had to wash out.
• 17:08
  Speaker 7: And I think there's more stability at these levels here.
• 17:10
  Speaker 7: But for the scale of the capital markets today, the
• 17:14
  Speaker 7: leverage is not as large. I mean, that doesn't mean
• 17:18
  Speaker 7: there's not pockets, but no, As I said in my
• 17:23
  Speaker 7: prepared remarks this morning, I'm very bullish on the markets
• 17:27
  Speaker 7: over the next twelve.
• 17:28
  Speaker 1: Months, all right. So think's point there is. I think
• 17:32
  Speaker 1: it's well taken in the sense that most of the leverage,
• 17:35
  Speaker 1: the extreme leverage, has been flushed out. That's the move
• 17:38
  Speaker 1: we've seen from one twenty five to down to where
• 17:40
  Speaker 1: we are sixty five now in terms of Bitcoin. But
• 17:44
  Speaker 1: I think also what he's going to is that it's
• 17:47
  Speaker 1: getting more stable, which means that Wall Street's getting a
• 17:50
  Speaker 1: little bit more comfortable with the play on crypto in general.
• 17:54
  Speaker 1: Bitcoin of course leading the charge there, but this will
• 17:56
  Speaker 1: also flow over into eth and a handful of other
• 17:59
  Speaker 1: blue chips. The fact that he is very bullish, you've
• 18:02
  Speaker 1: got Tom Lee still very bullish, You've got the market
• 18:06
  Speaker 1: kind of looking for an opportunity of a rotation. But
• 18:10
  Speaker 1: yet you've got to hold up over here with clarity.
• 18:12
  Speaker 1: Do you see the mismatch here, guys? Because this is
• 18:15
  Speaker 1: what we're dealing with right now, so stay tuned. If
• 18:24
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• 18:27
  Speaker 1: down below, and also join our free private member group.
• 18:31
  Speaker 1: The link is in the description