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Crypto Crashes After CLARITY Vote Again!🔥 · The Paul Barron Crypto Show

0:00
Speaker 1: Let's get into the Clarity crash today, because it is happening.
0:03
Speaker 1: A lot is breaking as we are reporting right now.
0:06
Speaker 1: Let's just jump right into it. I just one, of course,
0:09
Speaker 1: is going to get into a few things today around
0:11
Speaker 1: what's going on with the Clarity specifically, I'll start with
0:15
Speaker 1: what's happening in the metals market. The fact that gold
0:18
Speaker 1: has been absolutely on fire. I mean, this thing hits
0:21
Speaker 1: fifty five hundred, we see immediate retracement, as you can
0:24
Speaker 1: see right here, another trillion off its market cap. The
0:28
Speaker 1: big issue is all of this being centered around crypto.
0:32
Speaker 1: I'm curious because it's very possible we could see a
0:34
Speaker 1: lot of liquid going into gold and maybe the volatility
0:38
Speaker 1: is being traded now much like the crypto market. Maybe
0:42
Speaker 1: that is where the investments are coming in from gold.
0:46
Speaker 1: All right, so let's jump over to this expost. This
0:48
Speaker 1: is by bull Theory. This is a new account I like,
0:51
Speaker 1: so you guys give him a follow over there. Let's
0:53
Speaker 1: just do it right now. One thing that's cool about
0:56
Speaker 1: this is he wrapped up a little bit of what
0:58
Speaker 1: was happening throughout the FED meeting yesterday. Much of kind
1:02
Speaker 1: of mirrored the scenarios that we saw, but the lineup
1:06
Speaker 1: I think is pretty straightforward for most people. The Fed's
1:09
Speaker 1: done hiking, inflation pressure is fading. We know that tariffs
1:13
Speaker 1: are still the main risk. I don't necessarily believe that's
1:17
Speaker 1: the case. I think these taco scenarios are more market
1:20
Speaker 1: driving than they are FED dictating. The next expected move
1:24
Speaker 1: right now is eventually a cut, not a hike. Question
1:27
Speaker 1: is when does he do it before he steps out
1:30
Speaker 1: of office or is it going to come back when
1:32
Speaker 1: we get a new chair coming In financial conditions no
1:35
Speaker 1: longer being tightened, we inspected that. I think this is
1:38
Speaker 1: where easing is going to start moving its way in.
1:41
Speaker 1: Whether it's stealth QE or full QI is the question,
1:44
Speaker 1: and the system is shifting from restriction to stabilization, which
1:49
Speaker 1: I agree with that. Of course, the tightening cycle is over.
1:52
Speaker 1: I think the market is definitely waiting for an easing
1:55
Speaker 1: cycle in general. Palell was very specific around his statements
2:01
Speaker 1: yesterday in the meeting, and they weren't giving any forward look.
2:05
Speaker 1: They were still slightly concerned about inflation. Jobs was the
2:09
Speaker 1: big one that was pretty much off the table because
2:12
Speaker 1: we've seen a little bit of an easing in the
2:14
Speaker 1: job market, which has been good I think in general.
2:18
Speaker 1: But really, when it comes down to it, when you
2:19
Speaker 1: look at where the market is right now, it is
2:22
Speaker 1: responding to yesterday's pause, but more importantly, it's responding to
2:27
Speaker 1: what's happening in the Clarity Act, and of course that
2:30
Speaker 1: is a big deal, all right. So I want to
2:32
Speaker 1: get into a quick clip here by Tom Lee that
2:35
Speaker 1: is breaking down the expectation of the crypto market and
2:40
Speaker 1: what he thinks. Take a look.
2:42
Speaker 2: Crypto has been a huge disappointment because you know, whether
2:44
Speaker 2: it's debasement or geopolitical uncertainty or central banks easing, those
2:49
Speaker 2: have our tailwinds for precious metals. It really should be
2:52
Speaker 2: a tailwind for crypto. But I think crypto had suffered
2:55
Speaker 2: and still hasn't recovered from that October tenth deleveraging. You've
3:00
Speaker 2: seen the crypto market trying to recover, and in fact,
3:04
Speaker 2: earlier this year there was probably some momentum until the
3:07
Speaker 2: whole Greenland surprise and that caused another round of deleveraging.
3:12
Speaker 2: So I think crypto, if in my opinion, is really
3:17
Speaker 2: watching this huge moving precious metals. There's a lot of
3:19
Speaker 2: fomo for crypto traders, and I think they're actually buying metals.
3:23
Speaker 2: But in the past, these large moves in gold have
3:25
Speaker 2: actually been a precursor to a subsequent moving crypto. So
3:29
Speaker 2: I think part of this is we're seeing a big
3:31
Speaker 2: move in sort of non US dollar assets and that
3:35
Speaker 2: files with crypto.
3:38
Speaker 1: All right, A couple of things there that Tom said
3:40
Speaker 1: is to the point I was making earlier, is I agree.
3:43
Speaker 1: I think that we are seeing crypto traders moving into metals.
3:47
Speaker 1: The thing that I don't necessarily agree, even though ten
3:50
Speaker 1: ten was a massive event that probably is still causing
3:53
Speaker 1: a lot of pain within the market, I still feel
3:56
Speaker 1: that this is all driven around the Clarity Act and
3:59
Speaker 1: the fact that we are dealing with a very unstable
4:03
Speaker 1: market going forward, because I think a lot of you,
4:05
Speaker 1: including myself, have been in a position where we expect
4:09
Speaker 1: that this was eventually going to make its way through.
4:12
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6:13
Speaker 1: a look at what's happening right now, because one of
6:15
Speaker 1: the things, of course that's going on is the Senate
6:18
Speaker 1: AG hearing, and the AAG hearing is not looking good. Guys,
6:22
Speaker 1: Remember the House put through a Clean Clarity Act, We
6:25
Speaker 1: get all those amendments, banks get involved, lobby groups are
6:28
Speaker 1: active now, and sure enough it's starting to put some pressure,
6:32
Speaker 1: I think on what is going to be a partisan
6:35
Speaker 1: approach toward the AG bill. We are not anticipating that
6:39
Speaker 1: it's going to go through. We'll have a full report
6:40
Speaker 1: on it tomorrow. We could get surprised, but unlikely it's
6:44
Speaker 1: going to be the case. All right, So I want
6:45
Speaker 1: to go to a quick tweet here by Sense. This
6:48
Speaker 1: was a good wrap up. Obviously we know what was happening.
6:51
Speaker 1: We talked a little bit about this yesterday, and that
6:53
Speaker 1: is that the banks are in full combat mode. They
6:56
Speaker 1: went to the White House. They of course are rating
6:59
Speaker 1: the SEC, trying to get the SEC's position are recalculated.
7:03
Speaker 1: And then of course the problem that they're claiming is
7:06
Speaker 1: with Coinbase. So Ripple and others are fine, but Coinbase
7:10
Speaker 1: is the problem. And the other issue is is that
7:12
Speaker 1: this now because of these conversations, has now left a
7:16
Speaker 1: bad taste in their mouths from these talks. So things
7:20
Speaker 1: are not looking good between the banks, Coinbase, and I
7:22
Speaker 1: think the broader industry. The question will be does Coinbase
7:27
Speaker 1: get ostracized out of the negotiations. I don't see how
7:31
Speaker 1: that's possible with everything else that's going on. I want
7:34
Speaker 1: to go to a clip here by Corey Booker that
7:37
Speaker 1: talks about this ag bill and how this translates into
7:40
Speaker 1: clarity take a look.
7:42
Speaker 3: We also said, very importantly, we want protections for self
7:45
Speaker 3: custody and innovative technology. We do not want to be
7:49
Speaker 3: criminalizing people who are writing code. And so I was excited.
7:53
Speaker 3: I went into the holidays, I got married, and I
7:56
Speaker 3: came back to this committee and start the year with
7:59
Speaker 3: the new ouse that my Republican colleagues were walking away
8:03
Speaker 3: from the bipartisan process that produced the draft. To be clear,
8:07
Speaker 3: the product book before us today is not the bi
8:10
Speaker 3: partisan draft that we're working on. We've come so long,
8:14
Speaker 3: and I sat with stakeholders literally last night. We were
8:18
Speaker 3: clearing up some of the defied differences that are not
8:20
Speaker 3: reflected in this bill. The White House has made this
8:23
Speaker 3: infinitely harder, and I've had private conversations Republican colleagues staffers
8:28
Speaker 3: that agree with me. So I'm just going to say
8:30
Speaker 3: right now, I've had one of the best experiences I've
8:33
Speaker 3: had in my twelve years in Washington working with Cenator Bozeman.
8:36
Speaker 3: Let's get back to work. We can finish this in
8:39
Speaker 3: the next week or two in a bipartisan way. Have
8:42
Speaker 3: a celebration. I may drink some milk, and we can
8:45
Speaker 3: dance in the end zone. When we get this across
8:47
Speaker 3: the line, that's what I'm asking. But until then, we
8:50
Speaker 3: can't support this partisan draft. Thank you, miss Jim.
8:55
Speaker 1: All Right, So the point that Booker was making, first
8:58
Speaker 1: of all, the White House is the issue here. We
9:00
Speaker 1: all know where that's coming right now. I think a
9:02
Speaker 1: lot of it is coming in from David Sachs obviously
9:06
Speaker 1: Patrick Witt, who is his soldier that's out there essentially
9:09
Speaker 1: negotiating with this. But the bigger problem, I think is
9:11
Speaker 1: the fact that we're seeing such a breakdown in the negotiations.
9:17
Speaker 1: I'm actually on Booker's side with this in the sense
9:20
Speaker 1: that if Bozeman was being able to get something across
9:23
Speaker 1: the line, a lot of this still protecting the DeFi scenario.
9:27
Speaker 1: This I think is or was a good direction. Unfortunately,
9:32
Speaker 1: right now we're dealing with a problem, and that is
9:36
Speaker 1: it looks like the White House are taking the bank's side.
9:39
Speaker 1: All right. So here was a statement from the SEC
9:42
Speaker 1: quickly responding to what was the basically the banks rating
9:46
Speaker 1: the SEC yesterday. One day after that, they came in
9:50
Speaker 1: with a statement on token is securities. And the point
9:53
Speaker 1: that we get into is this right here, First, model
9:56
Speaker 1: custodial token is securities, regular ones uky CN, you own
9:59
Speaker 1: them like any other you vote all those regular things
10:02
Speaker 1: you get with owning a stock. Then the second model
10:05
Speaker 1: is synthetic token is security. So this isn't an obligation
10:09
Speaker 1: of the issue to reference security. Basically, what they're saying
10:12
Speaker 1: is this is now going to require KYC. So they're
10:16
Speaker 1: locking down token is security. And when I say they,
10:19
Speaker 1: the banks are locking down token is securities. And this
10:23
Speaker 1: is going to put a lot of pressure on the
10:25
Speaker 1: rest of the market as we go into this. Now,
10:27
Speaker 1: remember robinhood is in the midst of launching this as well,
10:31
Speaker 1: and I would put that Robinhood is also on the
10:34
Speaker 1: bank side of this. We kind of mentioned this yesterday.
10:37
Speaker 1: Let me kind of show you this right here. This
10:40
Speaker 1: was interesting because where robin hood right now. If you
10:43
Speaker 1: look at just the value of token I shares on
10:45
Speaker 1: Robinhood continuing to explode. This is just going to be
10:49
Speaker 1: the beginning. Again, this is a KYC platform. Robinhood's going
10:53
Speaker 1: to launch these, it's going to go live on KYC,
10:56
Speaker 1: and of course the thing that it's going to go
10:58
Speaker 1: live on is arbitrary. I want to go to a
11:00
Speaker 1: clip real quick that announces a little bit more what
11:03
Speaker 1: this is going to look like. Take a look.
11:06
Speaker 4: So today they have over one thousand equities that they've
11:09
Speaker 4: launched on arbitram one, and they've announced that they'll be
11:12
Speaker 4: launching their own chain, which is the robin Hood chain,
11:14
Speaker 4: which I don't think that they've fully publicized the details
11:17
Speaker 4: of the customizations of their chain yet, so I don't
11:19
Speaker 4: want to build their thunder. But the idea is that
11:22
Speaker 4: you can really customize anything about the chain, from the
11:25
Speaker 4: permissions to the privacy, to the gas token to the governance.
11:29
Speaker 4: But what arborum orbit gives you is the ability to
11:31
Speaker 4: have highly customized, highly opinionated block space, block space that's
11:35
Speaker 4: tailored to your business and your product. And that's what
11:38
Speaker 4: I expect robin and other institutions to do with the
11:40
Speaker 4: chain stack, not to launch vanilla arbitram one that just
11:43
Speaker 4: looks like every other chain, but something that's really really
11:45
Speaker 4: uniquely tailored to their business. And you know, I look
11:48
Speaker 4: forward in their case to them announcing some of those customizations.
11:53
Speaker 1: All right, So what this means is Robinhood is about
11:56
Speaker 1: to unleash, and it's very possible they could become the
12:01
Speaker 1: leader in token is securities. When you look at some
12:04
Speaker 1: of the scenarios that play out within this other players
12:08
Speaker 1: in the market. I'll just show you a chart real
12:11
Speaker 1: quick over on Dune. This is a breakdown right here
12:14
Speaker 1: as you can kind of see robin Hood, X Stocks, Ondo, etc.
12:19
Speaker 1: Let's just remember, guys, we are dealing with a time
12:22
Speaker 1: I think where Robinhood is going to absolutely just multiple
12:27
Speaker 1: x this in terms of growth and because right now
12:30
Speaker 1: it's just a very small amount, obviously because it's not
12:32
Speaker 1: trading here in the US. But I think x stocs
12:35
Speaker 1: right now, what they're trying to do is get into
12:38
Speaker 1: the situation of obviously getting onboard users, get as many
12:42
Speaker 1: users they can. But I think eventually this is going
12:45
Speaker 1: to move to a KYC model, even in token is
12:48
Speaker 1: securities that might be in DeFi now remember Onto is
12:52
Speaker 1: part of this as well. They of course have their
12:55
Speaker 1: big summit happening in New York. This is going to
12:58
Speaker 1: of course have a ton of banks in this thing.
13:01
Speaker 1: So Wall Street two point zero is here. Look at that, guys, Ondo.
13:07
Speaker 1: This is going to be interesting to see what they
13:08
Speaker 1: announce in New York next week February three, We'll be
13:13
Speaker 1: probably covering some of this around the summit this could
13:16
Speaker 1: be very critical to how token is securities are going
13:18
Speaker 1: to be done. So I think now crypto is losing,
13:23
Speaker 1: the banks are winning here, and coinbase is trying to
13:27
Speaker 1: hold on, I think, but I'm not sure. It is
13:31
Speaker 1: still up in the air in terms of what position
13:34
Speaker 1: many of these companies are taken. We've seen positions as
13:37
Speaker 1: you've seen obviously there from Ripple, the likes of Ondo.
13:40
Speaker 1: What's going to happen over there in terms of opportunity
13:44
Speaker 1: with traditional finance and what's eventually going to be a
13:48
Speaker 1: very robust blockchain business. But DeFi is on the chopping
13:52
Speaker 1: block for sure. Other things I want to hit on.
13:55
Speaker 1: Of course, if you think about what could win on this,
13:57
Speaker 1: I think Solana is still going to win even in
14:00
Speaker 1: a KYC world. And I'll share this with you. If
14:04
Speaker 1: you look continuously trending up on transactions, even though we
14:08
Speaker 1: are in a down market, but trending up, I think
14:11
Speaker 1: Solana is still a potential winner here in the long run.
14:15
Speaker 1: Remember this is all running on mostly Solana for these
14:19
Speaker 1: token is securities, which is going to be the future
14:22
Speaker 1: of where most of this stuff is going to go.
14:23
Speaker 1: Guys twenty four to seven, three sixty five the real
14:26
Speaker 1: question will be how is it addressed by the SEC.
14:29
Speaker 1: Now it appears that the banks have forced the SEC's
14:31
Speaker 1: hand to deal with DeFi for Token IS securities. KYC
14:35
Speaker 1: is going to be a thing. This is getting worse
14:39
Speaker 1: by the day. I feel like when it comes to clarity,
14:41
Speaker 1: and if you look at just the market, I'll go
14:43
Speaker 1: to the charts real quick. Bitcoin of course falling dramatically
14:48
Speaker 1: after the Senate ad kind of pausing, But I think
14:50
Speaker 1: more importantly is the news that's coming out of the SEC.
14:54
Speaker 1: So Bitcoin dropping down to eighty four six after a
14:57
Speaker 1: nice return yesterday to almost ninety k. But right now
15:01
Speaker 1: we are also dealing with that on Ether dipping hard
15:05
Speaker 1: into the twenty eight hundred zone. XRP dropping back down
15:08
Speaker 1: to one point eighty. This is absolute insane, Solana. It
15:13
Speaker 1: could break the one hundred mark with this kind of
15:16
Speaker 1: move down. Don't kind of pay attention to arbitrum because
15:20
Speaker 1: of it where it's access and involvement with what's going
15:24
Speaker 1: on with Token I securities. This may be the bottom
15:27
Speaker 1: for arbitrum, but this of course is what of course
15:30
Speaker 1: Robinhood is using. So be on the lookout for some
15:32
Speaker 1: of these. And let's take a look at gold. Gold
15:34
Speaker 1: had this big retrace right now. If you go to
15:37
Speaker 1: the four hour, you can kind of see a little
15:39
Speaker 1: bit of this running down off the morning. And again
15:41
Speaker 1: I think this is crypto traders that are in there
15:45
Speaker 1: trading metals right now, like crypto. And of course you've
15:48
Speaker 1: got gold. Silver had its day yesterday, of course, and
15:52
Speaker 1: of course the big retrace. Look at how far this
15:54
Speaker 1: came down to one oh six on the spike in
15:58
Speaker 1: the four hour right now. If you go to the
16:00
Speaker 1: daily right now, it is very volatile right now as
16:05
Speaker 1: silver starts to break into the one sixteen, one seventeen range.
16:09
Speaker 1: All of this is in play right now. The banks
16:11
Speaker 1: are winning. Make sure and reach out to your senator,
16:14
Speaker 1: as your congressman, all of your lawmakers out there. Let
16:16
Speaker 1: them know where you stand. If you like this video,
16:25
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16:31
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