Latest / The Paul Barron Crypto Show / Gensler Returns To End Stablecoin Yields & Launch Podcast!!🚨

Transcript

Gensler Returns To End Stablecoin Yields & Launch Podcast!!🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Gensler returns ahead of clarity. What does all this mean today?
• 0:03
  Speaker 1: We've got a special one for you. Stick around, let's
• 0:06
  Speaker 1: get into it. I do want to thank our sponsor,
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• 0:43
  Speaker 1: get started and get going. I do want to start
• 0:46
  Speaker 1: off with this right here, and that of course, is
• 0:49
  Speaker 1: that we are dealing with a stable cooin yield framework
• 0:51
  Speaker 1: that remains somewhat un resolved as going based along with
• 0:55
  Speaker 1: our crypto firms, are continuing to push back a little bit.
• 0:58
  Speaker 1: Talks are active and ongoing. There's a lot happening right now,
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  Speaker 1: but this really boils down to one thing. Where does
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  Speaker 1: Gary Gensler come into this? Watch this.
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  Speaker 2: One of the biggest buyers now in the treasury markets
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  Speaker 2: are stable coins.
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  Speaker 3: How do you see this moment?
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  Speaker 4: Well, I do have some concerns about what with interest
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  Speaker 4: being paid on these new forms of money, stable coins,
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  Speaker 4: does it undermine the banking system? Do they want to
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  Speaker 4: destabilize the banking system by allowing the interest to continue
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  Speaker 4: to be paid on these so called stable coins?
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  Speaker 1: So there you haven't the Gensler is anti interest on
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  Speaker 1: stable coins. Whether you're pro or you're anti, some of
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  Speaker 1: you just want to get the clarity act across I
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  Speaker 1: get it. So as you can see, not only did
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  Speaker 1: it come out to fud yields, which you know where
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  Speaker 1: he stands on this, but he also came out to
• 1:52
  Speaker 1: make a very special announcement. Is he returning? Take a look?
• 1:56
  Speaker 4: You know recently Simon Johnson and I started this podcast
• 2:00
  Speaker 4: and Consequences, and it's wonderful to be partnered up with
• 2:04
  Speaker 4: Simon Johnson on our new podcast, Power and Consequences. A
• 2:08
  Speaker 4: little old dacious.
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  Speaker 2: How do you view that when we talk to investors?
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  Speaker 2: I'm sure they come up to you and say, what
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  Speaker 2: do I do here? Because it's so much stuff I
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  Speaker 2: don't understand.
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  Speaker 1: Perhaps I don't know if people are interested in what
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  Speaker 1: Gary Gensler thinks about investing because he's been suppressing this
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  Speaker 1: market for a very long time. And there you have it.
• 2:27
  Speaker 1: That's the podcast. I'm not going to tell you to
• 2:29
  Speaker 1: go out and follow or subscribe on this one. In fact,
• 2:32
  Speaker 1: what I will say is, don't subscribe for this one.
• 2:35
  Speaker 1: This guy's been at our side for quite some time. Okay,
• 2:38
  Speaker 1: maybe I'm jumping to conclusions here. Maybe it's not a
• 2:41
  Speaker 1: bad podcast. Let's give it a chance. Let's actually play
• 2:44
  Speaker 1: a clip from Gary Ginsler's podcast. Listen it.
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  Speaker 3: So that's Power and Consequences with Gary heed Simon.
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  Speaker 4: Thank you so much for joining us.
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  Speaker 3: Our US economy today, this is circa early twenty twenty six,
• 3:00
  Speaker 3: is being driven by two significant factors, and it's being
• 3:04
  Speaker 3: constrained by I want to say at least two things.
• 3:09
  Speaker 3: It's being driven by the big growth and investment in
• 3:14
  Speaker 3: the infrastructure for AI.
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  Speaker 5: That's it.
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  Speaker 1: That's what you're gonna give me, Gary, You're gonna give
• 3:23
  Speaker 1: me that. Why don't we go into what the SEC
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  Speaker 1: was really doing behind closed doors. That would be a
• 3:31
  Speaker 1: podcast that would be what I want to listen to
• 3:34
  Speaker 1: this right here. No, I suggest that this podcast will
• 3:37
  Speaker 1: fall out of the top four thousand with any given
• 3:41
  Speaker 1: day and it's gone. So there you go, guys. Not
• 3:44
  Speaker 1: one that I'm going for for sure. Let's go over
• 3:47
  Speaker 1: to Clarity. I want to talk about that because there's
• 3:49
  Speaker 1: been a whip saw moving in this last week. As
• 3:52
  Speaker 1: you saw, there was no action and then all of
• 3:54
  Speaker 1: a sudden, a dive down here to forty seven percent
• 3:57
  Speaker 1: on polymarket and then a retray over the last twenty
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  Speaker 1: four hours. So something is brewing now with Clarity, this
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  Speaker 1: is getting interesting, guys. I want to go to a
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  Speaker 1: clip real quick because this will get into a little
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  Speaker 1: bit more where Tim Scott thinks we are. Take a look.
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  Speaker 5: There's good news though, Cheryl. The first thing I'd say
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  Speaker 5: is that we now have Republicans and Democrats working together
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  Speaker 5: on language that they can agree on. The White House
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  Speaker 5: agrees on it as well. We have one more step
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  Speaker 5: to go. We need the industry to agree on it.
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  Speaker 5: So I spoke last night with coinbase as well. Everyone
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  Speaker 5: is still at the table. There is work to be done,
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  Speaker 5: but I'm really excited about the fact that we finally
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  Speaker 5: have Republicans and Democrats agreeing on something really important on
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  Speaker 5: the yield conversation. We now have to get industry to
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  Speaker 5: buy into this language. This is a threading the needle process.
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  Speaker 5: It's always difficult the first time you do it, but
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  Speaker 5: it gets better and better and better, and so I'm
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  Speaker 5: still very optimistic.
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  Speaker 1: All right, well, very optimistic there by Tim Scott. And
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  Speaker 1: interesting statement that he made is that he talks at coinbase,
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  Speaker 1: called them out specifically that they are still at the table.
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  Speaker 1: So that means there must be some sort of understanding
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  Speaker 1: that they have come to. Maybe is it already done.
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  Speaker 1: Maybe that's why we're seeing this all of a sudden
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  Speaker 1: spike in probability of passing. And if you look at
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  Speaker 1: what fiy arcs are, it is saying remember this right
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  Speaker 1: here is one of the chief policy leads over there
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  Speaker 1: at coinbase, and what he's saying here is us tax
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  Speaker 1: code was written for the twenty sarch century money. It
• 5:35
  Speaker 1: shows today coin based of course kicking off series of
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  Speaker 1: laying out of the urgent case for crypto tax reform.
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  Speaker 3: So have they.
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  Speaker 1: Moved on already? Maybe this is already done? And it's
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  Speaker 1: just a matter of maybe crossing a few teas and
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  Speaker 1: dotting an eye here and there. I don't know. Let
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  Speaker 1: me know in the comments what you guys think. Is
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  Speaker 1: it in a position right now where they can actually
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  Speaker 1: pull this thing across the line very closely on the
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  Speaker 1: next moves here other things, stablecoin yield debate. Nobody is
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  Speaker 1: fighting for you. I would agree with that. Let's talk
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  Speaker 1: about that. This is the issue that we are facing
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  Speaker 1: right now. If you look at some of the tweets
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  Speaker 1: that are out there, this was Patrick Witt hitting on
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  Speaker 1: this one right here. Plenty of uninformed fuds circulating social
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  Speaker 1: media this week. It's all going to work out. So
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  Speaker 1: he's very bullish, but he's very back and forth. I
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  Speaker 1: don't know if you guys saw his previous tweet where
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  Speaker 1: he was talking about, hey, sometimes the quarterback needs to
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  Speaker 1: change their strategy. I think I knew who he was
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  Speaker 1: talking about. But the point is is that he was
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  Speaker 1: trying to position in I think on both sides, and
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  Speaker 1: if you look at it right here, this is an
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  Speaker 1: interesting statement from the XRP community. White House warrens coinbase
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  Speaker 1: could lose its Clarity Act if it waits too long
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  Speaker 1: they're pushing. When I say the XRP, I don't know
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  Speaker 1: if it's the army, but there's definitely some key people
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  Speaker 1: out there in the XORP community along with other communities
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  Speaker 1: that are pushing coinbase to get this through, go ahead,
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  Speaker 1: back off of it. But at the same time, there's
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  Speaker 1: a bit of a mix in where the XRP community
• 7:02
  Speaker 1: stands because if you look at what the XRP lawyers
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  Speaker 1: are saying, and when I say lawyers, that would be
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  Speaker 1: John Deeton, the metal law man types, they are still
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  Speaker 1: very anti bank right there, enemy of the American people.
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  Speaker 1: I agree with that, and metal law kind of hits
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  Speaker 1: on it right here. If you want the US to
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  Speaker 1: be the crypto capital of the world, do not give
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  Speaker 1: the big bank cartel veto authority over the market structural legislation.
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  Speaker 1: This is something I know James is really passionate about,
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  Speaker 1: but it's interesting to me that we are in this space. Unfortunately,
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  Speaker 1: I feel like this is going to get through with
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  Speaker 1: some bad maybe some bad issues for in general. You know,
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  Speaker 1: if you're a yield person and you're all about gaining yields,
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  Speaker 1: I think the bigger loss here is for the people
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  Speaker 1: who have not even joined crypto. Yet that's what I
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  Speaker 1: fear is that those who have not joined crypto, they
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  Speaker 1: never had a chance to even see this or get
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  Speaker 1: advantage to take advantage of it. And I think that's
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  Speaker 1: one of the big losses that we're dealing with. Vladicorse
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  Speaker 1: sets it right here. We must unleash the yield safely.
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  Speaker 1: We're to momentous turning point for our industry of Congress
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  Speaker 1: passes to Clarity Act, we finally get the regulatory certainty
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  Speaker 1: we need. I agree that would be huge. So what's
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  Speaker 1: hold of siding customers should earn neild from their stable
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  Speaker 1: coin holdings. Remember he's already paying yield on dollars US
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  Speaker 1: dollars in your Robinhood account, So we must prioritize what
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  Speaker 1: matters most for America's which is value and safety he has.
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  Speaker 1: I'm let to go to this clip real quick because
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  Speaker 1: this will kind of lead into more of where this
• 8:36
  Speaker 1: may be going with Robinhood.
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  Speaker 2: Take a look, our customers are very heavy into crypto.
• 8:42
  Speaker 2: So as crypto has fallen, of course the AUM has
• 8:45
  Speaker 2: fallen as well. Interesting yees, So if I looked at
• 8:48
  Speaker 2: it on a quarter over quarter basis, I would say, yes,
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  Speaker 2: they're probably underperforming the S and P an S and P,
• 8:55
  Speaker 2: which isn't crypto right. However, if I go back and
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  Speaker 2: look over the course of two years or three years,
• 9:01
  Speaker 2: which is the time horizon of most investors, is not
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  Speaker 2: a quarter. It's over a long period of time, Especially
• 9:08
  Speaker 2: if I'm a twenty or thirty year old, which is
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  Speaker 2: what we have, they significantly outperform.
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  Speaker 1: They've outperformed because of the crypto and because.
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  Speaker 2: And just all the other investments that they've made that
• 9:20
  Speaker 2: you know, have periods where they can be down for
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  Speaker 2: a quarter, but you know, over the long run, that's
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  Speaker 2: what they care about, which means and this is a
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  Speaker 2: hard one to Paul, I don't think you and I
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  Speaker 2: are going to have the answer, but that a lot
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  Speaker 2: of what happens with them from here is going to
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  Speaker 2: depend on what happens with crypto.
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  Speaker 1: I would agree. I think a lot is on the
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  Speaker 1: line right now, and maybe that is why the industry
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  Speaker 1: is pushing so hard in the direction of getting clarity
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  Speaker 1: through and falling on the sword when it comes to yields.
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  Speaker 1: I think the question will be in a year, twelve
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  Speaker 1: months out, twenty four months out, do we look back
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  Speaker 1: on this and say we had a chance, and we
• 9:56
  Speaker 1: let it go. I don't know. However, if you look
• 10:00
  Speaker 1: at the performance of some of these crypto slash energy
• 10:04
  Speaker 1: performers since the Iranian War broke out right there, it
• 10:08
  Speaker 1: is ETH one of the best energy stocks apparently that
• 10:12
  Speaker 1: is out there, up sixteen percent. Then you have World
• 10:15
  Speaker 1: Energy Bitcoin up twelve, the MAGS seven even up three.
• 10:21
  Speaker 1: So interesting that Ethereum leading the way. Guys right here,
• 10:25
  Speaker 1: you know what this means we are in for. I
• 10:28
  Speaker 1: think a next revolution. Eth will continue to be one
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  Speaker 1: of the leaders out there on that and more on
• 10:33
  Speaker 1: this crypto boondoggle that we're dealing with around clarity as
• 10:37
  Speaker 1: things start to leak out and hopefully get proven this week.
• 10:40
  Speaker 1: Stay tuned. If you like this video, like and subscribe,
• 10:50
  Speaker 1: drop a comment down below, and also join our free
• 10:53
  Speaker 1: private member group. The link is in the description.