Latest / The Paul Barron Crypto Show / Banks Secretly Undermining CLARITY!🚨... and It's Working!🔥

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Banks Secretly Undermining CLARITY!🚨... and It's Working!🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Clarity. Secret wars are underway today will uncover the myth
• 0:04
  Speaker 1: and the truth. So stay tuned. Let's shift jump into it.
• 0:06
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• 0:41
  Speaker 1: you get one hundred bucks back, So get in and
• 0:43
  Speaker 1: do it. Let's look at the countdown clock which is
• 0:47
  Speaker 1: now setting it nine days now. Granted, this is nine
• 0:51
  Speaker 1: days for going into that August research, which is what
• 0:54
  Speaker 1: everybody's been pointing at. You look at that, and then
• 0:57
  Speaker 1: of course we'll also go to a clip and this
• 1:00
  Speaker 1: clip is how the Senate is now scrambling to deal
• 1:04
  Speaker 1: with everything that's happening. Take a look, a growing number
• 1:07
  Speaker 1: of Senate Republicans are pushing to delay or cancel their
• 1:12
  Speaker 1: August recess.
• 1:13
  Speaker 2: Let me appeal for each one of you listening to this.
• 1:17
  Speaker 2: We need your help. We the people calling one hundred
• 1:20
  Speaker 2: senators and tell them to come back. We can't individually
• 1:24
  Speaker 2: do it ourselves or as a group. We need every
• 1:27
  Speaker 2: American to get on the phone, text, call your senators
• 1:32
  Speaker 2: to get them back up here and do the job.
• 1:34
  Speaker 3: Yeah.
• 1:34
  Speaker 4: Look, I am happy to stay as long as it
• 1:37
  Speaker 4: takes to get our job done.
• 1:39
  Speaker 1: Why do you want the US Senate to stay in town?
• 1:41
  Speaker 1: Shouldn't they be out of respect?
• 1:43
  Speaker 4: Why?
• 1:43
  Speaker 5: What a stupid question for you to ask?
• 1:46
  Speaker 2: What a stupid question for?
• 1:47
  Speaker 5: Jennifer asks that your stupid ess a spun reason they
• 1:50
  Speaker 5: shouldn't leave town. We have some Republicans and I will
• 1:55
  Speaker 5: not comment on a few of them, probably for I'd
• 1:59
  Speaker 5: like to comment on them, but I have too much sense.
• 2:02
  Speaker 4: To do it.
• 2:03
  Speaker 6: Well, first off, I mean, we're going to do Russia sanctions,
• 2:05
  Speaker 6: and that's a tribute to Lindsay Graham, who well are
• 2:08
  Speaker 6: going to commemorate tomorrow. I think we'll get that done.
• 2:13
  Speaker 2: Look, I mean no disrespect, I love Jonathan, he's better
• 2:18
  Speaker 2: looking than me.
• 2:19
  Speaker 6: But I think there's also a there's a package of nominations.
• 2:22
  Speaker 6: It's about seventy four noms at the presence put forward
• 2:25
  Speaker 6: that we've now we're moving him in block will do that.
• 2:28
  Speaker 6: We will probably have a vote on the Clarity Act,
• 2:30
  Speaker 6: which is the Digital Assets bill legislation that's in front
• 2:34
  Speaker 6: of the Senate. We'll see if the Democrats give us
• 2:35
  Speaker 6: the votes to get on that.
• 2:37
  Speaker 4: For any members of the audience that are interested in
• 2:39
  Speaker 4: reaching out to their senators, I wondered if you had
• 2:42
  Speaker 4: any specific names you wanted to drop up Democrats that
• 2:45
  Speaker 4: seem like they would be movable.
• 2:47
  Speaker 2: Also Brooks, Diego, Warner, Warnock, Jillibrand, I think any of
• 2:53
  Speaker 2: those eighteen senators that voted before. I think our fair
• 2:57
  Speaker 2: game targets again.
• 3:00
  Speaker 1: All right, So you guys heard that right there from
• 3:03
  Speaker 1: Fun He's saying he's going to get to the floor
• 3:04
  Speaker 1: with this. So I know that there's been a lot
• 3:07
  Speaker 1: of you know, exposure out there right now saying no,
• 3:10
  Speaker 1: it's going to get killed, and it's getting pushed back.
• 3:13
  Speaker 1: For Russish sanctions and all this kind of bs. You guys,
• 3:16
  Speaker 1: remember we had the blockchain associated on Association on yesterday.
• 3:19
  Speaker 1: All I want you to do is visit Clarity for
• 3:22
  Speaker 1: America dot Com. Now this is going to get you
• 3:24
  Speaker 1: to this page where you whether you're a business or
• 3:26
  Speaker 1: an individual doesn't matter. You can just click which one
• 3:29
  Speaker 1: you are and then of course go fill out tell
• 3:31
  Speaker 1: them everything you want, and you want them all. You
• 3:33
  Speaker 1: want clarity, you want consumer protection, you want access to banking,
• 3:37
  Speaker 1: freedom to build, you want developer protection, and US competitiveness
• 3:42
  Speaker 1: for jobs, you and all that stuff. Guys, go out
• 3:44
  Speaker 1: there and it's going to build an email for you,
• 3:46
  Speaker 1: and then you can go in and even select the
• 3:49
  Speaker 1: level you want, put in passionate and heartfelt.
• 3:52
  Speaker 4: Boom.
• 3:53
  Speaker 1: It's that simple, and then generate lettl letter or your
• 3:56
  Speaker 1: letter and it's going to go an email of course
• 3:58
  Speaker 1: right out there to your center. And of course that's
• 3:59
  Speaker 1: the is to dry to get them to stay, get
• 4:02
  Speaker 1: these things done, and I think that will start to
• 4:05
  Speaker 1: move the ball. If you look at some other things
• 4:07
  Speaker 1: that have indicated to this. This is Ted Billows says,
• 4:10
  Speaker 1: I covered this in my substack article. Clarity Act faces
• 4:13
  Speaker 1: another delay Senate of course, media focused remains on nominations.
• 4:16
  Speaker 1: This is the point we're getting at around sanctions bill
• 4:20
  Speaker 1: with Russia leaving the room for crypto legislation until next week.
• 4:23
  Speaker 1: I still think Thun played the card and he believes
• 4:27
  Speaker 1: that it's going to go to the floor of the Senate.
• 4:30
  Speaker 1: If that is the case, then these The thing is
• 4:33
  Speaker 1: is that banks are probably behind this. They want you
• 4:36
  Speaker 1: to think you're beaten. That is not the case. Guys,
• 4:38
  Speaker 1: Just reach out and let your senators know. All right,
• 4:42
  Speaker 1: So I wanted to go to a tweet here. Dan
• 4:44
  Speaker 1: kind of agrees with us here headlines entirely made up,
• 4:47
  Speaker 1: mainly designed to manipulate. But if you look at the
• 4:50
  Speaker 1: reasons the Senate is prioritizing nominations and the Russia sanctions
• 4:54
  Speaker 1: build first, these are both easily passable. Even saw Thune
• 4:58
  Speaker 1: earlier in the clip say, they were pretty much all
• 5:01
  Speaker 1: bipartisan on this of getting the nominations and the Russian
• 5:04
  Speaker 1: sanctions done, Meaning it's going to be fast, it's going
• 5:06
  Speaker 1: to be done, And I think that means there's still
• 5:09
  Speaker 1: possibility for clarity to make its way through. You look
• 5:12
  Speaker 1: at this right here, Brendan Peterson, This, of course punch
• 5:15
  Speaker 1: bowl news. He hits on it right here, acknowledged bank
• 5:18
  Speaker 1: lobbying impact. There's a lot of swirl around it on
• 5:20
  Speaker 1: yield some of the things that the banks care deeply about.
• 5:23
  Speaker 1: So this is still being talked about now, and this
• 5:28
  Speaker 1: only reinforces the whole point of that maybe the banks
• 5:31
  Speaker 1: are behind this. And then of course you have Gayego
• 5:33
  Speaker 1: coming in here saying, hey, we're going to go ahead
• 5:35
  Speaker 1: and send the bipartisan texts to the White House in
• 5:38
  Speaker 1: the next couple of days. These are senators that we've
• 5:41
  Speaker 1: already talked about that have said that they may not
• 5:43
  Speaker 1: necessarily be on board. Maybe they are on board now,
• 5:46
  Speaker 1: and maybe when I've talked to Kristen, I've talked to
• 5:50
  Speaker 1: a handful of other people in DC, all of which
• 5:53
  Speaker 1: have been pointing to there may be more support here
• 5:56
  Speaker 1: than what meets the eye. So just pay attention, guys,
• 6:00
  Speaker 1: this is happening right now in front of us. Here's
• 6:02
  Speaker 1: a clip around Elizabeth Warren and she actually it's around
• 6:06
  Speaker 1: her retweets, I should say, And all of this is
• 6:08
  Speaker 1: boiling down to ethics. Take a look.
• 6:11
  Speaker 3: They lost almost everything they had invested, and I'm gonna
• 6:17
  Speaker 3: play for you now one of their stories, if we
• 6:20
  Speaker 3: can do.
• 6:20
  Speaker 4: It, so we did a few days. He announced that
• 6:25
  Speaker 4: Milana will we see her own projects, so I bought
• 6:29
  Speaker 4: that as well. I trusted Trump. Both of these were
• 6:33
  Speaker 4: legitimate projects. We did a few days. They lost about
• 6:36
  Speaker 4: ten dollars on the Trump coin and dollars on the Blogna.
• 6:41
  Speaker 4: I couldn't believe it. I can't believe something like this
• 6:44
  Speaker 4: would happen. Now.
• 6:48
  Speaker 3: If there is one picture you take away from this forum,
• 6:55
  Speaker 3: this should be it.
• 6:56
  Speaker 1: If you look at that, guys. And I'm not discrediting
• 6:59
  Speaker 1: any investor out there, but I'm just thinking that why
• 7:03
  Speaker 1: go out and invest in meme coins like that? That's
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  Speaker 1: just something that I think any real serious investor is
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  Speaker 1: not doing. I don't think I would even want my
• 7:12
  Speaker 1: face associated with that. But that's the point, is that
• 7:15
  Speaker 1: it just makes no sense at all. And other things
• 7:19
  Speaker 1: that make no sense is the fact that we see
• 7:21
  Speaker 1: now Democrats coming out all over the place saying, oh, yeah,
• 7:24
  Speaker 1: we've got problems in the Clarity Act and all of
• 7:27
  Speaker 1: this issue. Well, this is a reference to Jeff Merkley,
• 7:30
  Speaker 1: who really has no bearing whatsoever. This guy is just
• 7:33
  Speaker 1: trying to win a race and stopping Trump's crypto corruption
• 7:38
  Speaker 1: is just his way of getting out in front of
• 7:40
  Speaker 1: the news again and possibly getting on with being able
• 7:43
  Speaker 1: to win his own race. And I think that's the
• 7:45
  Speaker 1: point that we are dealing with right now. There's a
• 7:47
  Speaker 1: lot of Democrats that are going in that direction. One
• 7:50
  Speaker 1: point though, to remember is like this Jeff Merkley guy,
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  Speaker 1: he's not one of the eighteen that really matter for
• 7:56
  Speaker 1: being able to get this cross line because there's gonna
• 7:58
  Speaker 1: be a certain number of ooks that just don't care.
• 8:00
  Speaker 1: We need sixty. These are very key and critical votes
• 8:04
  Speaker 1: that I think are the ones that we've talked about.
• 8:06
  Speaker 1: You saw the list earlier flash on screen. We even
• 8:08
  Speaker 1: asked Kristen that the other day when she was on
• 8:11
  Speaker 1: the show. And you guys know who they are. Go
• 8:14
  Speaker 1: back and you can rewind the list is right there.
• 8:17
  Speaker 1: Get in there if they're in your area, that's what
• 8:20
  Speaker 1: you need to do in terms of reaching out to them.
• 8:22
  Speaker 1: All right, So let me go to another one that
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  Speaker 1: could be another chess piece of how the banks are
• 8:28
  Speaker 1: trying to get this across the line in a way
• 8:30
  Speaker 1: of not passing it, and that is is New York
• 8:32
  Speaker 1: Attorney General Latisia James. She's been on our record here
• 8:35
  Speaker 1: about investigating crypto scans, protecting against fraud. The way to
• 8:39
  Speaker 1: get this protected against all these kind of things is
• 8:41
  Speaker 1: actually get clarity in rules made. Let's not forget you know,
• 8:45
  Speaker 1: she has been against other things out there within the
• 8:48
  Speaker 1: crypto market, including claiming that eth is a security. That's
• 8:52
  Speaker 1: the kind of craziness that we are dealing with. So
• 8:54
  Speaker 1: when you look at this tweet right here, well that's
• 8:56
  Speaker 1: none of them, Jamie Diamond and of course what is
• 8:58
  Speaker 1: he doing, Well, he's now token igh JP Morgan. That
• 9:01
  Speaker 1: of course is a security being built on Guess what, well,
• 9:04
  Speaker 1: I guess maybe a security. According to Letitia James, the
• 9:08
  Speaker 1: point is ethereum is part of why the innovation is
• 9:11
  Speaker 1: starting to happen, and this is just a matter of time, guys,
• 9:14
  Speaker 1: before all of this comes together. One thing that did happen,
• 9:17
  Speaker 1: I guess for the banks was this whole idea of
• 9:20
  Speaker 1: deregulating the bank bill. This of course being pushed by
• 9:24
  Speaker 1: the ABA, and that of course pretty much lets the
• 9:27
  Speaker 1: bank run wild in terms of what they want to
• 9:30
  Speaker 1: do in terms of around innovation. So when you think
• 9:33
  Speaker 1: about that, look at this right here. This was a
• 9:35
  Speaker 1: press release they just released this last week, and that
• 9:39
  Speaker 1: was in reference to safeguards on proposed payment accounts. Let's
• 9:42
  Speaker 1: just remember that targets Ripple. They're trying to maintain key safeguards.
• 9:47
  Speaker 1: This is the way they worded it, including a proposal
• 9:49
  Speaker 1: including prohibitions on interest payments, daylight, credit discount, window excess,
• 9:54
  Speaker 1: and even FED access. Furthermore, if you go further into
• 9:58
  Speaker 1: the press release, it says the Associateation said legal eligibility
• 10:02
  Speaker 1: alone should not guarantee access to payment account and emphasize
• 10:05
  Speaker 1: that the Federal Reserve must continue to evaluate applicants risk profiles.
• 10:11
  Speaker 1: So we're back to reputational risk here, which has been
• 10:14
  Speaker 1: something we've gone past for quite a while. Governance structures
• 10:17
  Speaker 1: and supervisory oversight would be in play, simply meaning they're
• 10:21
  Speaker 1: going to go out and put some pressure on Ripple.
• 10:24
  Speaker 1: And of course there's a good reason why. When you
• 10:26
  Speaker 1: go look at this headline right here, meet Ripple Mint.
• 10:28
  Speaker 1: There's a couple of key things here. This is a
• 10:30
  Speaker 1: unified way for guests what institutions to access Mint redeem
• 10:34
  Speaker 1: and manage all of this on RLUSD and further into that,
• 10:39
  Speaker 1: Ripple Mint institutions now can Mint redeem URLUSD from the
• 10:42
  Speaker 1: source bridge, they can track funds and also integrate. So
• 10:46
  Speaker 1: this is the point that I'm getting at. We are
• 10:49
  Speaker 1: continuing to see what the banks are really afraid of.
• 10:52
  Speaker 1: All of this is now coming to a head, and
• 10:55
  Speaker 1: Clarity is part of that. This is why Goldman is
• 10:58
  Speaker 1: breaking away. Watch this clip.
• 11:01
  Speaker 7: You know, GOLDBA SAX CEO David Solomon broke away from
• 11:04
  Speaker 7: the majority of the banks as he is now heaping
• 11:07
  Speaker 7: praise on Clarity. He told Politico that the legislation's not perfect,
• 11:11
  Speaker 7: but it creates an even playing field. Here's what he said.
• 11:14
  Speaker 7: In part of them very supportive of moving to Clarity
• 11:15
  Speaker 7: Act forward so we can get some market structure in
• 11:18
  Speaker 7: place and start to move the innovation process along. For Yer,
• 11:20
  Speaker 7: do you foresee a moment where other bank CEOs get
• 11:26
  Speaker 7: on board with Clarity?
• 11:27
  Speaker 4: All right?
• 11:27
  Speaker 1: So absolutely, I don't think any other bank official, or
• 11:30
  Speaker 1: at least not the major banks are going to jump
• 11:32
  Speaker 1: on on the retail side. When you look at Blackrock,
• 11:36
  Speaker 1: which is really not officially a bank, but they are
• 11:38
  Speaker 1: officially on board. You've got Charles Swab and this Fidelity
• 11:42
  Speaker 1: in this Goldman in here, all back in Clarity. But
• 11:44
  Speaker 1: I think the reason that all of this has been
• 11:46
  Speaker 1: built and really kind of constructed in the shadows is simple.
• 11:52
  Speaker 1: The banks are trying to catch up to what Ripple
• 11:55
  Speaker 1: is doing. One point I want to hit on right
• 11:57
  Speaker 1: here of why black Rock, Goldman and Charles Schwab these
• 12:02
  Speaker 1: are so important and there's a reason here, guys, if
• 12:05
  Speaker 1: you look at some of the things that we are
• 12:07
  Speaker 1: seeing around Capital Trades, which is where the Senate, the
• 12:11
  Speaker 1: Senate actually invests. Let's go over to the look at
• 12:13
  Speaker 1: that list right there. There's the big list right here.
• 12:15
  Speaker 1: You guys, go over to Capitoltrades dot com. You can
• 12:17
  Speaker 1: pull this up yourself right there. Goldman, Sachs, Golmen, Sacks, Blackrock, Blackrock, Goldman, Sachs.
• 12:22
  Speaker 1: I mean, it's just laid in there. So what you've
• 12:25
  Speaker 1: got is thirty eight politicians deep in the throes of
• 12:29
  Speaker 1: finance around the banking industry, which is going down to
• 12:34
  Speaker 1: the point where now we get clearance from some of
• 12:36
  Speaker 1: these banks, maybe some of those yeses are coming in now.
• 12:40
  Speaker 1: Senator Lamas thinks that that is the case. Bing bank
• 12:43
  Speaker 1: lobby has been trying to say that all of Wall
• 12:44
  Speaker 1: Street is opposed to Clarity Act, completely false. Right there,
• 12:48
  Speaker 1: The support is now growing, and you know she has
• 12:51
  Speaker 1: not put a list of the banks out in a
• 12:54
  Speaker 1: public tweet, So this may be an indicator that we
• 12:58
  Speaker 1: finally have the go ahead from certain banking support to
• 13:02
  Speaker 1: sway some of these Senate votes, which is what we
• 13:05
  Speaker 1: need to get those seven votes across the line. One
• 13:08
  Speaker 1: last note is when you compare these banks in support
• 13:11
  Speaker 1: of clarity, most of these are more investment strategy and
• 13:15
  Speaker 1: or even so far in the sense of a neobank,
• 13:18
  Speaker 1: But in comparison to say JP Morgan, who makes all
• 13:21
  Speaker 1: their money based on you the depositor. So that's the
• 13:24
  Speaker 1: difference if you're an investor, a little different because fees
• 13:26
  Speaker 1: are coming out of different markets and different pools, and
• 13:29
  Speaker 1: that's why I think you're seeing this kind of shift
• 13:31
  Speaker 1: happening right now. Let's go over to Russia, which is
• 13:34
  Speaker 1: preparing to launch regulated crypto training on September one. But
• 13:38
  Speaker 1: let's just be aware, guys that this is really only
• 13:41
  Speaker 1: for the oligarchs. That's what it boils down to. It's
• 13:44
  Speaker 1: just Russia doing Russia things. This is not something that
• 13:48
  Speaker 1: is outpacing what's happening here in the US. This is
• 13:50
  Speaker 1: simply Russia always being selective and allowing their oligarchs to
• 13:56
  Speaker 1: continue to get a leg up on everybody else in Russia,
• 13:58
  Speaker 1: which is the terrible part of this. Now, the last
• 14:00
  Speaker 1: point I want to hit on is this right here,
• 14:03
  Speaker 1: and this scares me a little bit. This was news
• 14:06
  Speaker 1: that Schumer had sent two White House or two names
• 14:09
  Speaker 1: over to the White House, both for this SEC and
• 14:12
  Speaker 1: the CFTC. Now I want you to look at here.
• 14:14
  Speaker 1: The nominees' identities remain unclear. Nobody wants any of these
• 14:19
  Speaker 1: nominees to get flamed before they get a fair chance.
• 14:23
  Speaker 1: Now what in your opinion, what names would get flamed
• 14:29
  Speaker 1: before they get a fair chance. What names would you
• 14:31
  Speaker 1: worry about? The only ones I can think of. One
• 14:33
  Speaker 1: of the ones I should say is Gary Gensler. Is
• 14:36
  Speaker 1: Gary Ginsler possibly being put up as a potential bargaining
• 14:43
  Speaker 1: chip of all of this playing in the background. Man,
• 14:46
  Speaker 1: if that comes together and we have Gensler back either
• 14:49
  Speaker 1: at the SEC or at the CFTC. Remember he's got
• 14:52
  Speaker 1: legs over there as well, this could change the dynamic,
• 14:56
  Speaker 1: especially if we don't get clarity. He is going to
• 14:59
  Speaker 1: be coming and taking names for sure. So we're gonna
• 15:02
  Speaker 1: watch this very close to Guys, this gets a little
• 15:05
  Speaker 1: bit weird. If you like this video, h like and subscribe,
• 15:14
  Speaker 1: drop a comment down below, and also join our free
• 15:17
  Speaker 1: private member group. The links in the description