Latest / The Paul Barron Crypto Show / Banks WIN!🔥Banning Stablecoin Yields!🚨Crypto Clarity Bill Breakdown🚨

Transcript

Banks WIN!🔥Banning Stablecoin Yields!🚨Crypto Clarity Bill Breakdown🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Banks are winning. I am definitely paying attention. Now you
• 0:03
  Speaker 1: have all of my attention. Let's break it down today.
• 0:05
  Speaker 1: I do want to thank our sponsor, and that of
• 0:07
  Speaker 1: course is Tangum. Speaking of self custody, which is going
• 0:11
  Speaker 1: to be a big theme today, you guys need to
• 0:13
  Speaker 1: start doing it, and of course you can do it
• 0:15
  Speaker 1: over at tangent dot com. Using our link down below,
• 0:17
  Speaker 1: you can get into your own secure crypto hardware wallet
• 0:21
  Speaker 1: that works with your phone, Apple, Android, doesn't matter. Start now, guys,
• 0:26
  Speaker 1: because we might have some clarity around this. We're going
• 0:29
  Speaker 1: to break it all down for you. Use our link
• 0:31
  Speaker 1: down below. Get some juice there, listen, Clarity Act signed
• 0:34
  Speaker 1: in a law. This is what happened this morning. We
• 0:37
  Speaker 1: get the house mark up, it drops into the market
• 0:40
  Speaker 1: and immediately people thought there was going to be a delay,
• 0:42
  Speaker 1: so it dropped all the way down to twenty one percent.
• 0:46
  Speaker 1: People came back and said no, no, no, we're going
• 0:47
  Speaker 1: to have the vote. And now it has risen back
• 0:49
  Speaker 1: up here to fifty one percent as we're recording right now,
• 0:53
  Speaker 1: which has been climbing over the last few hours. And
• 0:56
  Speaker 1: we're going to break down all of what happened in
• 0:59
  Speaker 1: the Clarity Act market cup in what this means going forward.
• 1:02
  Speaker 1: The biggest issue that you kind of have to consider
• 1:05
  Speaker 1: is what Chair Paul Atkins is doing here. This is
• 1:08
  Speaker 1: a big week for crypto Congress on the cusp of
• 1:10
  Speaker 1: upgrading our financial markets for the twenty first century. I'm
• 1:13
  Speaker 1: wholly supportive of Congress on doing this, and of course
• 1:16
  Speaker 1: the key here is it puts more power into the
• 1:18
  Speaker 1: SEC and the CFTC, which is very critical going forward
• 1:23
  Speaker 1: as we see a lot of these assets are going
• 1:25
  Speaker 1: to turn to a commodity immediately, and I'll explain that
• 1:28
  Speaker 1: here in a second. Other things that were driven out
• 1:31
  Speaker 1: on this this a Senator Lummas of course, talking about
• 1:33
  Speaker 1: after months of hard work, don't retreat from our progress.
• 1:37
  Speaker 1: And this is in reference to the Digital Asset Market
• 1:40
  Speaker 1: Clarity Act. So if she's saying don't retreat, and one
• 1:43
  Speaker 1: of the big takeaways from the markup was that we
• 1:47
  Speaker 1: lose all of our passive yields and the bank gets
• 1:51
  Speaker 1: to take those away, that seems like a retreat already.
• 1:55
  Speaker 1: So I don't necessarily like that. So that either puts
• 1:57
  Speaker 1: me in a position where Senator Lummas is pro bank
• 2:02
  Speaker 1: right now, or maybe there's another play into this that
• 2:05
  Speaker 1: she's considering further into this as the vote takes out,
• 2:09
  Speaker 1: but right now, the banks are in a position right
• 2:12
  Speaker 1: now going forward. Here was Eleanor Tarrett talking about the
• 2:16
  Speaker 1: yield update, which is the whole issue of today. Banks
• 2:18
  Speaker 1: may have won this round on stable cooin yield. The
• 2:20
  Speaker 1: latest draft this is on page one to eighty nine,
• 2:23
  Speaker 1: says companies cannot pay interest for just holding ballasties. So
• 2:27
  Speaker 1: if you're passive, that's over, it's banned. If you're active,
• 2:32
  Speaker 1: it's a different thing. And I'm sure there's gonna be
• 2:34
  Speaker 1: new products, all that kind of thing. And I just wonder,
• 2:36
  Speaker 1: you know when you look at this, because the winners
• 2:39
  Speaker 1: of this will be if the way if it goes
• 2:40
  Speaker 1: through the way it is right now, there's a lot
• 2:42
  Speaker 1: more here to break down, but if it goes through
• 2:44
  Speaker 1: the way it is right now, the banks will get
• 2:47
  Speaker 1: these stable coin yields because they're going to continue to
• 2:49
  Speaker 1: go out there and pull this. They're just not going
• 2:52
  Speaker 1: to give it to you unless you're active and you're
• 2:54
  Speaker 1: doing some sort of risk management within these But other
• 2:57
  Speaker 1: things that play into this, of course is KYC A
• 3:00
  Speaker 1: mail rules that will play into it. Still holding strong
• 3:03
  Speaker 1: and the other issue self custody, self custy being protected
• 3:06
  Speaker 1: and also DeFi being carved out, which these are both
• 3:10
  Speaker 1: good things going forward. So it's a real question of
• 3:13
  Speaker 1: whether or not you would say, would you before this
• 3:17
  Speaker 1: if they take away these yields or should you hold
• 3:20
  Speaker 1: the line as a voter out here. Let me go
• 3:22
  Speaker 1: to this clip real quick because this will get into
• 3:25
  Speaker 1: Patrick Witt and what he is talking about in terms
• 3:28
  Speaker 1: of the bank.
• 3:29
  Speaker 2: Take a look, and I want to read your tweet
• 3:31
  Speaker 2: out says for the anti rewards slash yield crowd currently
• 3:35
  Speaker 2: threatening to withhold their support for the Clarity Act, I
• 3:38
  Speaker 2: would remind you that tanking the bill over this issue
• 3:40
  Speaker 2: preserves status quo, which you allege is intolerable. You will
• 3:43
  Speaker 2: have achieved nothing.
• 3:44
  Speaker 3: Be reasonable, great tweet.
• 3:47
  Speaker 4: I think we do have a compromise that that is
• 3:50
  Speaker 4: going to make you know, the banks happy and also
• 3:53
  Speaker 4: make the crypto industry happy. As you mentioned, you know,
• 3:55
  Speaker 4: a week ago, I didn't think that was going to
• 3:57
  Speaker 4: be possible. We've given enough concessions, We've arrived at enough
• 4:00
  Speaker 4: compromises where the highest six Democrats voting for it.
• 4:04
  Speaker 1: So all right, that was Patrick Witt, who is the
• 4:06
  Speaker 1: Executive Director on the President's Council of Advisors for Digital Assets.
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  Speaker 1: Do you agree, though, do you think that we should
• 4:13
  Speaker 1: forego something that's already been ruled on in the Genius
• 4:17
  Speaker 1: Act and allow the banks to get a second shot
• 4:20
  Speaker 1: in a second bite at the apple. That's the real
• 4:23
  Speaker 1: question mark, because this takes away passive yields is what
• 4:25
  Speaker 1: you're earning today on most centralized exchanges. Or do you
• 4:30
  Speaker 1: think that this is something you are okay with giving
• 4:33
  Speaker 1: up just to get through the other components of the bill.
• 4:37
  Speaker 1: Let me know in the comments. I'd like to kind
• 4:38
  Speaker 1: of hear what you guys have to say about this. Now.
• 4:40
  Speaker 5: I want to go to.
• 4:41
  Speaker 1: Another clip here because this is him saying that this
• 4:44
  Speaker 1: is the thing that draws a line.
• 4:46
  Speaker 5: In the sand of what they won't do. And we're
• 4:49
  Speaker 5: talking about the Republicans.
• 4:50
  Speaker 2: Take a look, you guys have reached an agreement with
• 4:53
  Speaker 2: the Democrats over ethics.
• 4:55
  Speaker 4: Not yet. We've made clear to Democrats throughout this is
• 4:58
  Speaker 4: you know, we're not going to tolerate targeting the president,
• 5:02
  Speaker 4: and so you know we've provided that red line to them.
• 5:04
  Speaker 1: You kind of have to look at here is the
• 5:06
  Speaker 1: fact that they are prioritizing this particular line in the sand.
• 5:11
  Speaker 1: That's the part that I disagree with, and I think
• 5:14
  Speaker 1: this is the thing that's kind of we'll most likely
• 5:16
  Speaker 1: get a lot of people on crypto a little bit
• 5:19
  Speaker 1: upset about this, and it goes further because we're already
• 5:22
  Speaker 1: starting to see other things happening right now, and there
• 5:25
  Speaker 1: needs to be a stop to this, just like there
• 5:27
  Speaker 1: needs to be a stop to insider trading in Congress.
• 5:30
  Speaker 1: Here's Eric Adams and this was him tweeting about, of
• 5:34
  Speaker 1: course his token NYC token, and then I've got a
• 5:37
  Speaker 1: clip of him talking about this.
• 5:39
  Speaker 5: Take a look.
• 5:40
  Speaker 6: It's over the last couple of weeks, Adams has been
• 5:42
  Speaker 6: taken to the streets, taken to the old television screens
• 5:45
  Speaker 6: to tell you about New York City token.
• 5:48
  Speaker 7: He says it's part of an effort to fight anti
• 5:50
  Speaker 7: Semitism using cryptocurrency.
• 5:53
  Speaker 3: Yo, yo, what I am not going anywhere boot all
• 6:00
  Speaker 3: your money, goodbye. That's a one minute job man. Five
• 6:02
  Speaker 3: and eighty million dollar not kept. And then it crashed
• 6:04
  Speaker 3: eighty percent in just a matter of minutes. He actually
• 6:07
  Speaker 3: removed the USTC attach to this three point four million
• 6:11
  Speaker 3: dollar scam.
• 6:11
  Speaker 8: Well after thirty minutes, he decided to let anti Semitism win.
• 6:15
  Speaker 9: Moving Eric adams networth up from two million to three
• 6:18
  Speaker 9: point seven.
• 6:20
  Speaker 6: Seventy percent belonged to one wallet and one wallet only.
• 6:23
  Speaker 6: The top ten holder is accounted for ninety eight percent
• 6:27
  Speaker 6: of all the tokens crime season.
• 6:30
  Speaker 3: You're gone to prison, You're gone to jail. Pro You're
• 6:32
  Speaker 3: gone to jail.
• 6:33
  Speaker 1: And that's what they do have to stop. So I'm
• 6:36
  Speaker 1: I'm definitely in disagreement with where the position of what
• 6:40
  Speaker 1: Wit is talking about. This is not a good thing.
• 6:43
  Speaker 1: Hopefully this will get resolved in the outline. Again, I
• 6:46
  Speaker 1: don't know if this is one of the things that
• 6:47
  Speaker 1: will forego the Clarity Act in its entirety. That will
• 6:50
  Speaker 1: be the real question. Really it boils down to rewards.
• 6:53
  Speaker 1: And here's the chief legal officer. This is Paul gray Wall,
• 6:56
  Speaker 1: who's been on, you know, kind of finding this issue.
• 6:59
  Speaker 5: For quite some time. Here's what he had to say
• 7:01
  Speaker 5: about it. Take a look.
• 7:02
  Speaker 9: It's clear there is a concerted effort on the part
• 7:05
  Speaker 9: of the banking industry to not only re litigate an
• 7:08
  Speaker 9: issue that was resolved when the Genius Act was passed,
• 7:11
  Speaker 9: but to really fundamentally entrench a competitive advantage for the
• 7:15
  Speaker 9: industry when it comes to paying the economic benefits to
• 7:19
  Speaker 9: holders and users of tokens in ways that we think
• 7:22
  Speaker 9: are entirely counterproductive. But we think it's very important to
• 7:24
  Speaker 9: call this out for what it is and to hold
• 7:27
  Speaker 9: firm on this basic idea. Sharing economic benefits with participants
• 7:31
  Speaker 9: in networks is frankly what crypto has always been about,
• 7:33
  Speaker 9: and it's not up to Congress ate anybody else to
• 7:36
  Speaker 9: pick winners and losers.
• 7:37
  Speaker 5: In agreement with that.
• 7:39
  Speaker 1: The real question is should we delay it. That was
• 7:41
  Speaker 1: kind of one of the things that came out early
• 7:43
  Speaker 1: this morning is that we thought we might get a
• 7:44
  Speaker 1: delay the late night plea from Democratic senators on the
• 7:47
  Speaker 1: Banking Committee for a full hearing on Thursday's markup that
• 7:50
  Speaker 1: basically coming in and saying the same thing, maybe we
• 7:53
  Speaker 1: should delay this a little bit so we can get
• 7:55
  Speaker 1: our heads around this. And I think this might be
• 7:59
  Speaker 1: in order based on what we're getting right now. The
• 8:01
  Speaker 1: question is is do they rush or try to rush
• 8:03
  Speaker 1: this through and end up having to do some last
• 8:07
  Speaker 1: minute concessions, which is the big issue here.
• 8:11
  Speaker 5: Now.
• 8:11
  Speaker 1: Patrick Witt comes on and he says there will be
• 8:15
  Speaker 1: more concessions wait for it.
• 8:18
  Speaker 5: The Senate is going to hit it. Take a look.
• 8:20
  Speaker 4: I do expect to bipartisan vote on Thursday.
• 8:23
  Speaker 2: Once the bill clears the Senate and goes back to
• 8:26
  Speaker 2: the House. Do you expect a lot of changes. We're
• 8:28
  Speaker 2: by camera legislature at the end of the day. The
• 8:30
  Speaker 2: Senate was going to have its own pass at a
• 8:31
  Speaker 2: lot of these issues, and it's a different dynamic there.
• 8:34
  Speaker 2: We're not ignoring those concerns, so we're making sure that
• 8:37
  Speaker 2: those issues are continuing to be addressed in the Senate
• 8:40
  Speaker 2: products so that we don't have any issues over on
• 8:43
  Speaker 2: the House side.
• 8:44
  Speaker 1: So I'm not necessarily in agreement with this, and I
• 8:46
  Speaker 1: would invite Patrick Witt to come on to the show
• 8:49
  Speaker 1: here and let's talk about these because these concessions I
• 8:52
  Speaker 1: think are no go zones for most of the crypto
• 8:55
  Speaker 1: community for freedom in general. If you believe that, let
• 8:58
  Speaker 1: him know, hit him out on Twitter. We'd love to
• 9:00
  Speaker 1: have him on the show explaining why would you concede
• 9:03
  Speaker 1: any of these scenarios into the Senate. It sounds to
• 9:06
  Speaker 1: me like you're basically giving them the rule book of
• 9:09
  Speaker 1: how to go in and get some concessions versus actually
• 9:13
  Speaker 1: going in and saying this is the way we need
• 9:15
  Speaker 1: to do it for the constituents that we represent, you know,
• 9:19
  Speaker 1: freedom of the American people, especially around this issue. Now,
• 9:22
  Speaker 1: Charles Hoskinson is very upset about this because he simply says,
• 9:26
  Speaker 1: you need to get this right.
• 9:28
  Speaker 5: Take a look.
• 9:29
  Speaker 8: They run crypto the same way as that they run healthcare,
• 9:32
  Speaker 8: the same way as that they're running the tariff policy.
• 9:34
  Speaker 8: You just see one after another and after another, and
• 9:36
  Speaker 8: it's so deeply frustrating to me. I start with principles,
• 9:40
  Speaker 8: then frameworks, your rules and strategy, and then your execution.
• 9:43
  Speaker 8: They're just doing execution. What's the philosophy upon which the
• 9:47
  Speaker 8: strategy comes. And then one of the checks and balances
• 9:50
  Speaker 8: to regulate make sure that this strategy doesn't go crazy.
• 9:53
  Speaker 10: And financial regulation is the most important for this because
• 9:56
  Speaker 10: you live with it for a long time. So if
• 9:58
  Speaker 10: they just go pass a law and it's really shit law,
• 10:01
  Speaker 10: we can end up living with that law for ninety
• 10:03
  Speaker 10: three years in this industry, So you start with principles.
• 10:07
  Speaker 10: That was step one, and it was easy because we
• 10:09
  Speaker 10: all wanted to do it. And then it became political,
• 10:12
  Speaker 10: and then it became patronage. Donate money to participate all.
• 10:15
  Speaker 5: Right, so you know the situation.
• 10:17
  Speaker 1: I think you know the position I'm in, and that
• 10:19
  Speaker 1: is you've got to hold the line on a lot
• 10:20
  Speaker 1: of these issues here. You cannot give in. I think
• 10:24
  Speaker 1: the yield thing is still a huge issue. Even though
• 10:26
  Speaker 1: a lot of people would say let that go, let
• 10:28
  Speaker 1: the banks win a little.
• 10:29
  Speaker 5: No, I don't think she just win a little.
• 10:31
  Speaker 1: This is a changing of the guard and they need
• 10:33
  Speaker 1: to come in and aligned by what has already been
• 10:37
  Speaker 1: put out in the Genius Act.
• 10:39
  Speaker 5: And I think that's the issue.
• 10:40
  Speaker 1: And when you look at the banks, so just don't say, hey,
• 10:43
  Speaker 1: let's give it to them. I want to show you
• 10:46
  Speaker 1: their earnings for them that came in this week.
• 10:48
  Speaker 5: Take a look the big.
• 10:50
  Speaker 3: Banks kickoff earning season when jping organ chased report on
• 10:53
  Speaker 3: Tuesday morning.
• 10:54
  Speaker 11: And if banks have outperformed its because he had on
• 10:57
  Speaker 11: the chuck here and more nearly seven percent in that time.
• 11:01
  Speaker 10: The bullish trend is still intact for JP Morgan's.
• 11:04
  Speaker 5: I think all of them not only had a phenomenal year,
• 11:06
  Speaker 5: but I think they're going to kick it off and
• 11:08
  Speaker 5: have another year.
• 11:09
  Speaker 11: David, I think it's just flat out a really good
• 11:11
  Speaker 11: environment for the banks.
• 11:13
  Speaker 1: I think twenty twenty six will be a year of
• 11:15
  Speaker 1: large cap bank earnings strength.
• 11:18
  Speaker 11: There's four and a half thousand banks and the opportunity
• 11:22
  Speaker 11: for them to merge, to acquire, to consolidate. We're very
• 11:27
  Speaker 11: focused on that, deserving of higher multiples. Well, what could
• 11:30
  Speaker 11: go wrong that we're not thinking of? President Trump has
• 11:33
  Speaker 11: also decided that credit card companies will have to cap
• 11:35
  Speaker 11: rates in ten percent per year.
• 11:37
  Speaker 9: This is another where Wall Street just doesn't seem to
• 11:39
  Speaker 9: care because it's.
• 11:40
  Speaker 10: Too over the top. Because the bank stocks actually opened
• 11:43
  Speaker 10: and spent the rest of.
• 11:43
  Speaker 3: The day rally doesn't make you a little bit concern No,
• 11:47
  Speaker 3: not at all.
• 11:47
  Speaker 2: The listeners.
• 11:48
  Speaker 5: This administration has done an incredible job that.
• 11:50
  Speaker 7: They were going to loosen the course of bank regulation
• 11:53
  Speaker 7: around the banks, and they've done that very well.
• 11:55
  Speaker 5: Oh, it's simple.
• 11:57
  Speaker 3: This is Wall Street betting that it's not going to happen.
• 12:00
  Speaker 3: What could go wrong?
• 12:01
  Speaker 11: If you read my mind, what I really worry about
• 12:04
  Speaker 11: is there's nothing to worry about.
• 12:05
  Speaker 7: That's the worry.
• 12:07
  Speaker 1: Well, I think there is something to worry about here, guys,
• 12:10
  Speaker 1: and that is the eventual flight of the entire population
• 12:14
  Speaker 1: in terms of next generation finance and investors and that's
• 12:19
  Speaker 1: the concern right now. I would rather forego this Clarity
• 12:22
  Speaker 1: Act getting passed if we end up with a bad act,
• 12:26
  Speaker 1: and this is the issue. If these banks push it
• 12:28
  Speaker 1: too far, this of course puts this back on the
• 12:32
  Speaker 1: back burner, meaning no clarity this year, and it continues
• 12:35
  Speaker 1: to be the wild West, and banks continue to.
• 12:37
  Speaker 5: Lose because there's no clarity there.
• 12:39
  Speaker 1: This would be a bad thing if they don't get
• 12:41
  Speaker 1: it through, because it's only going to double down on them.
• 12:44
  Speaker 1: Here's another interesting section in the bill. All right, so
• 12:48
  Speaker 1: at the end of the day, when you look at this,
• 12:50
  Speaker 1: there is a little hope here, and I would say
• 12:53
  Speaker 1: when you consider some of the upside to it. So
• 12:55
  Speaker 1: if we do get a semi average bill or a
• 12:58
  Speaker 1: bad bill, there are some potentials here. One of course,
• 13:01
  Speaker 1: is the token classification non ancillary assets. These are ETPs
• 13:06
  Speaker 1: and the ones that would play into that right now
• 13:08
  Speaker 1: would be XRP, Salana like coin. These are all the
• 13:10
  Speaker 1: ETPs and ETFs dozes out there, chain Link, Bitcoin on
• 13:14
  Speaker 1: of course eth those day one would be considered commodities,
• 13:19
  Speaker 1: and that immediately starts to put a lot of activity
• 13:22
  Speaker 1: in these tokens because that's where the major part of
• 13:25
  Speaker 1: traditional finance would start to migrate to So think about that.
• 13:29
  Speaker 5: Can you imagine Doze winning big time on this another
• 13:32
  Speaker 5: thing that was a big benefit.
• 13:34
  Speaker 1: Of course, the way the markup comes in is it
• 13:35
  Speaker 1: does protect self custody. A federal agency may not prohibit, restrict,
• 13:39
  Speaker 1: or otherwise impair the ability of covered or user self
• 13:41
  Speaker 1: custody digital assets, including a self hosted wallet, meaning self
• 13:45
  Speaker 1: custy is intact the way it is right now. Now,
• 13:48
  Speaker 1: could they do something down the road in terms of
• 13:50
  Speaker 1: you coming out of self custody into onboarding, which means
• 13:55
  Speaker 1: most likely kycaml you know, frames and rails.
• 14:00
  Speaker 5: Yeah, some of that could be.
• 14:01
  Speaker 1: But I think the other bigger picture you have to
• 14:03
  Speaker 1: look at is that this is just the beginning. Once
• 14:06
  Speaker 1: you approve this DeFi starts to proliferate throughout the land
• 14:09
  Speaker 1: around the world. I think it starts to shift the dynamics,
• 14:13
  Speaker 1: meaning there's going to be a whole slew of new
• 14:15
  Speaker 1: products and services, including off ramps, on ramps, and all
• 14:19
  Speaker 1: the assets that are traditionally in normal finance are going
• 14:23
  Speaker 1: to start to migrate. This is where I think the
• 14:25
  Speaker 1: banks lose. It might be a trojan horse that's good
• 14:29
  Speaker 1: for the industry in general. The last clip I want
• 14:32
  Speaker 1: to go to is one where Vlad is talking about
• 14:36
  Speaker 1: this as well. This, of course is a CEO of Robinhood.
• 14:38
  Speaker 5: Take a look.
• 14:39
  Speaker 7: Retail investors are smart. They're not only smart and doing
• 14:44
  Speaker 7: like careful analysis and posting it on social media. AI
• 14:47
  Speaker 7: technology is very popular. People are adopting it, but the
• 14:50
  Speaker 7: AI companies themselves are very unpopular. They don't have that
• 14:53
  Speaker 7: many fans. People rushing to defend them are either venture
• 14:57
  Speaker 7: capitalists or you know, AI research that work at these companies.
• 15:01
  Speaker 7: Compare that to crypto. You know, if the crypto industry
• 15:05
  Speaker 7: is under threat from regulatory overreach, even if just someone
• 15:09
  Speaker 7: says something negative about bitcoin, you just have an army
• 15:13
  Speaker 7: of retail people that just take the knives out. And
• 15:16
  Speaker 7: I think it's because the one thing crypto got very
• 15:19
  Speaker 7: very right. I mean from basically the genesis of it
• 15:21
  Speaker 7: is making it so that normal people can have crypto,
• 15:24
  Speaker 7: and I think AI doesn't have that property. I think
• 15:28
  Speaker 7: people are going to get angrier and angrier if regulations come.
• 15:32
  Speaker 7: The everyday person might not be on the side of
• 15:34
  Speaker 7: the big AI companies. If you're in Venezuela, you don't
• 15:37
  Speaker 7: have access to those things. That's actually why stable coins
• 15:40
  Speaker 7: have been so popular. A lot of these people are
• 15:42
  Speaker 7: in countries that have unstable governments, unstable central banks. If
• 15:46
  Speaker 7: they don't have functional banking systems, crypto will evolve with
• 15:50
  Speaker 7: tokenization to make it easy to distribute US stocks and
• 15:54
  Speaker 7: other investments overseas as easily as stable coins have done
• 15:59
  Speaker 7: it to dollars.
• 16:00
  Speaker 1: Yeah, this is going to become a little bit of
• 16:02
  Speaker 1: a tug of war, and it's kind of the haves
• 16:04
  Speaker 1: and the have nots. I talked about this often, is
• 16:06
  Speaker 1: that you have a certain class that right now is
• 16:09
  Speaker 1: sitting on most of the wealth. You have another class
• 16:12
  Speaker 1: that is emerging that are very tech savvy, very oriented,
• 16:16
  Speaker 1: and very easily adoptable into crypto in general. Those are
• 16:20
  Speaker 1: the ones that are the future. And I think this
• 16:22
  Speaker 1: stops no matter what. Like Alden says, nothing stops his train.
• 16:26
  Speaker 1: And I think if you look at what's happening just
• 16:28
  Speaker 1: in our WA's and token is stocks, this is a
• 16:32
  Speaker 1: good example of it.
• 16:33
  Speaker 5: We're talking about X stocks right there.
• 16:34
  Speaker 1: This is the kind of the yellow you can barely
• 16:36
  Speaker 1: see it, but right there you see xtox versus securitized
• 16:39
  Speaker 1: back finance.
• 16:40
  Speaker 5: We already talked about this before.
• 16:42
  Speaker 1: This is where it out runs traditional finance and x
• 16:47
  Speaker 1: stocks is retailed. This is what Vlad was getting at
• 16:50
  Speaker 1: is that there's no way you can keep this from
• 16:53
  Speaker 1: the emerging population that understands where this technology is going.
• 16:58
  Speaker 1: And I think that is the problem that right now
• 17:00
  Speaker 1: Congress does not have their head around in terms of
• 17:04
  Speaker 1: how this Clarity goes through, So it's still up in
• 17:06
  Speaker 1: the air. There's only one thing you can do, guys,
• 17:08
  Speaker 1: and that is go out there right now. Let your
• 17:11
  Speaker 1: congressman know when you log in to stand with crypto,
• 17:13
  Speaker 1: it's going to pop up a deal where it gives
• 17:15
  Speaker 1: you your name address, all that good stuff, finds your senator,
• 17:18
  Speaker 1: and it finds your house rep. You guys can put
• 17:21
  Speaker 1: out information that says protect my yields. That's all you
• 17:25
  Speaker 1: have to say, stay away from my effing yields.
• 17:28
  Speaker 5: That's it. And I think that is the thing. At
• 17:31
  Speaker 5: least we hope that we'll pull this across.
• 17:34
  Speaker 1: Of course, the big issue right now is still dealing
• 17:36
  Speaker 1: with the future of how Clarity is going to be.
• 17:39
  Speaker 5: It's going to be a crazy week.
• 17:48
  Speaker 1: If you like this video, like and subscribe, drop a
• 17:51
  Speaker 1: comment down below, and also join our free private member group.
• 17:55
  Speaker 5: The link is in the description