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CLARITY Markup Passes!!🚨15 to 9✅U.S. Senate Hearing · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Markup day is today and we're covering it fully for you.
• 0:03
  Speaker 1: Looking at what's going on within this Senate hearing, and
• 0:06
  Speaker 1: it is going to get crazy, so stick around. Let's
• 0:09
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• 0:45
  Speaker 1: over to a couple of points I want to lead
• 0:47
  Speaker 1: off with first, and this is of course none other
• 0:50
  Speaker 1: than Elizabeth Warren. Take a look.
• 0:53
  Speaker 2: We could be presenting big banks from saddling customers with
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  Speaker 2: overdraft fees, but instead of that, why are we working
• 1:01
  Speaker 2: on this? According to a survey by crypto Neews, outlet
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  Speaker 2: coin disk just one percent of respondents ranked crypto as
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  Speaker 2: their top concern. Look, our job is to serve the
• 1:14
  Speaker 2: American people, all right.
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  Speaker 1: Well, I love how Warren always does that, and she's
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  Speaker 1: an expert at this. By the way, in only calling
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  Speaker 1: out some of the facts, well let's call out the
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  Speaker 1: rest of the fact, Senator Warren. Yes, one percent of
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  Speaker 1: US registered voters named crypto as their top concern. However,
• 1:30
  Speaker 1: three percent called it this single most important midterm issue.
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  Speaker 1: That is this sink. Three percent would sway an election
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  Speaker 1: for all you Democrats, all you Republicans, three percent of
• 1:42
  Speaker 1: your constituents will sway an election as the number one
• 1:46
  Speaker 1: issue right there. Twenty two percent said it's an important issue,
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  Speaker 1: and forty percent said they'd vote for a candidate that
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  Speaker 1: was aligned with digital assets. That's the numbers. This is crazy,
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  Speaker 1: and these are the kind of things, the little trickeries
• 2:01
  Speaker 1: that Senator Warren is known for. Let's go to another clip,
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  Speaker 1: because this is even her going a little bit further.
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  Speaker 2: Take a look, we have never had a single hearing
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  Speaker 2: on this bill and amendment to help community banks. We
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  Speaker 2: won't even get a hearing today, much less a vote now.
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  Speaker 2: A year ago, some of you may remember they promised
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  Speaker 2: will fix the yield issue it was.
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  Speaker 3: Let me just say this very clearly, because I'm not
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  Speaker 3: going to go back and forth on this issue. Our
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  Speaker 3: bill first came out in June of last year. Since
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  Speaker 3: June of last year, we've added thirty three thousand words
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  Speaker 3: two hundred and nineteen pages in an effort to make
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  Speaker 3: this legislation as bipartisan as humanly possible. This process has
• 2:49
  Speaker 3: been transparent, it has been hard, and it has been
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  Speaker 3: clear for the American people who are watching this process.
• 2:56
  Speaker 1: Listen, I know we've covered it a lot. I'm just
• 2:58
  Speaker 1: looking at hearings on our chain. That's the list right there.
• 3:01
  Speaker 2: Guys.
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  Speaker 1: You just go through them man over and over and
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  Speaker 1: over hear hearing, hearing all about crypto. This is all
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  Speaker 1: Why can't they bring this stuff up? If this is
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  Speaker 1: so concerning to these senators, that these regional banks are
• 3:16
  Speaker 1: going to be dealing with this, why would they have
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  Speaker 1: not brought this before now? And the killer issue here
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  Speaker 1: is that this isn't an issue at all. It really
• 3:25
  Speaker 1: boils down to other concerns that they've got. Some of
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  Speaker 1: the current concerns right now is the criminality of it.
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  Speaker 1: According to Warren take a look.
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  Speaker 2: Drug cartels are shifting their money laundering to crypto. The
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  Speaker 2: cops can't keep up. Do I have your permission to
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  Speaker 2: ask Senator Warren a.
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  Speaker 3: Quick question fifteen seconds?
• 3:45
  Speaker 2: Yes, sure, it'll take that long. Clear, Senator Warren. I
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  Speaker 2: don't understand why this bill doesn't already accomplish the very
• 3:56
  Speaker 2: worthy goal that you've articulated. It's the Tornado problem, Tornado
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  Speaker 2: the mixer. What purpose does Tornado serve except to hide
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  Speaker 2: where the money came from and where the money's going to.
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  Speaker 2: And who needs to hide where the money came from
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  Speaker 2: and where the money's going to. It's the terrorists, it's
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  Speaker 2: the money launders, it's ron it's the sanctioned entities. You're
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  Speaker 2: mixing up the money so that you advance money laundering,
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  Speaker 2: all right.
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  Speaker 1: So Warren A, Senator Warren, you know, really what it
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  Speaker 1: boils down to is privacy. That that's kind of the
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  Speaker 1: core basis of what Tornado Cash was. And with blockchain,
• 4:34
  Speaker 1: as you know, this is an open blockchain. Hence privacy
• 4:38
  Speaker 1: does not necessarily exist outside of what we've seen here
• 4:41
  Speaker 1: recently with a handful of chains that have gone that direction.
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  Speaker 1: But that was the core basis of where Tornado cash
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  Speaker 1: was going was privacy. Everyone in America wants privacy around
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  Speaker 1: their financial transactions. That is the reason. What are you
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  Speaker 1: all of a sudden going to just arrest every American
• 4:58
  Speaker 1: out there for using something them to maintain privacy. That's
• 5:02
  Speaker 1: the point we're getting at right here, and you're losing
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  Speaker 1: the script by a long ways. Now let's go further
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  Speaker 1: into this, because she's got amendment after amendment after amendment.
• 5:14
  Speaker 1: Take a look.
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  Speaker 3: We now call up Warren sixty six.
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  Speaker 2: So Jeffrey Epstein was an early backer of crypto. Some
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  Speaker 2: sunlight might help prevent Wall Street and crypto companies from
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  Speaker 2: funding the next Jeffrey Epstein. I urge my colleagues to
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  Speaker 2: support Warren sixty six. Mister chairman, Can I ask you a
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  Speaker 2: question the point of order? Sure, the Epstein files have
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  Speaker 2: nothing to do with this bill.
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  Speaker 3: I look forward to you all continuing this conversation after
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  Speaker 3: the hearing.
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  Speaker 1: All right, so you can kind of see that a
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  Speaker 1: little bit of craziness. Granted, yes, that doesn't necessarily belong
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  Speaker 1: to a crypto bill. All right, So let's go into
• 5:57
  Speaker 1: a clip here that talks about and this is really
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  Speaker 1: Senator Warren trying to slow everything down, including this process,
• 6:03
  Speaker 1: and what this might look like going into the next stage,
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  Speaker 1: which is going to the Senate floor if this gets through.
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  Speaker 3: Take a look voice voting all the favorites the I.
• 6:11
  Speaker 2: I actually I'd like to have a recording vote on this.
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  Speaker 2: I think this one's going to matter in history.
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  Speaker 3: Local call it roll.
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  Speaker 1: All right, So there you have it, a recorded vote.
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  Speaker 1: I think everybody's going to love this because now everyone
• 6:24
  Speaker 1: will know how Elizabeth Warren was on the wrong side
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  Speaker 1: of history, and it'll be recorded out there. Just in
• 6:30
  Speaker 1: more tactics that seem to be happening in DC. Now,
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  Speaker 1: I want to go to one more clip here. This
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  Speaker 1: one is two Dems who try and mainly explain why
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  Speaker 1: they're going to vote yes for now and what this
• 6:42
  Speaker 1: might look like later. Take a look.
• 6:44
  Speaker 4: I have voted yes to advance the bill today. My
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  Speaker 4: vote today is a vote to keep working in good faith.
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  Speaker 4: It does not mean that I'll be voting for the
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  Speaker 4: passage of the Clarity Act on the floor, because we
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  Speaker 4: still have so much work to do. We also need
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  Speaker 4: to incorporate it ethics agreement. I want to be clear
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  Speaker 4: that my vote here does not guarantee a vote on
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  Speaker 4: the floor.
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  Speaker 3: We have come close but have not finished an agreement
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  Speaker 3: on ethics guardrail.
• 7:11
  Speaker 1: All right, So that Senator also Brokes and Senator Diego,
• 7:14
  Speaker 1: So you guys know, if you live in those areas,
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  Speaker 1: I'd start calling their offices right now because they are
• 7:19
  Speaker 1: definitely on the fence.
• 7:20
  Speaker 4: Now.
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  Speaker 1: The reason that they're on the fence we'll get into
• 7:22
  Speaker 1: in a second. However, I want to go to this
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  Speaker 1: right here, and that is that we've seen a massive
• 7:29
  Speaker 1: spike and the reason is, guys, they've passed it through.
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  Speaker 1: So going here on the hourly on polymarket holding it
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  Speaker 1: around sixty two percent. This was around noon at two
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  Speaker 1: o'clock Eastern time. This has gone through the Senate and
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  Speaker 1: we are seeing this moving up to almost seventy percent again,
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  Speaker 1: So movement is moving quickly. Eleanor tweets out right here
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  Speaker 1: saying Reuben Diego who just voted with the GOP counterparts
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  Speaker 1: to advance clarity out of the committee. And it's done.
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  Speaker 1: It is out of committee a committee. Now this is
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  Speaker 1: boiling down to what we we all know, and that
• 8:01
  Speaker 1: is going to be the issue around ethics, and this
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  Speaker 1: is what we're going to be facing over the next
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  Speaker 1: maybe two weeks. Is the element of what ethics line
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  Speaker 1: do they have to actually come up to to get
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  Speaker 1: this across to get enough senators on the Democratic side
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  Speaker 1: to come in. All right, so let's break down the
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  Speaker 1: chart real quick, just to see what's happened now that
• 8:22
  Speaker 1: we have clarity coming out of the Senate Banking Committee.
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  Speaker 1: This is on the hourly as you can see people
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  Speaker 1: anticipating what was moving early on Bitcoin of course climbing
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  Speaker 1: up to eighty one eight almost eighty two because it
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  Speaker 1: did hit just eighty two as it clipped and pulled back.
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  Speaker 1: You've got Ethereum holding at twenty three, also climbing up
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  Speaker 1: over the week or over the morning, and then Solana
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  Speaker 1: moving out as well, passing ninety dollars XRP up over
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  Speaker 1: five percent and continuing to climb significant, significantly over one
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  Speaker 1: point fifty. So at least early stage, this is a
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  Speaker 1: positive for crypto. But the point that we have to
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  Speaker 1: make very clear on this, guys, is this goes to
• 9:02
  Speaker 1: the Senate next, and the key here is they need
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  Speaker 1: sixty votes. We are not there, and we need some
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  Speaker 1: very key senators to make their way into it. Now
• 9:12
  Speaker 1: we're going to be revealing who those players are throughout
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  Speaker 1: the next few days and weeks, because this will become
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  Speaker 1: one of the biggest I think Crypto Champion campaigns out
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  Speaker 1: there is to get these senators to move. Also Brooks, Geegos,
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  Speaker 1: and Mastow. Those are the big three right now, but
• 9:31
  Speaker 1: there are others to keep an eye on. We'll keep
• 9:33
  Speaker 1: you guys updated, so stay tuned. If you like this video,
• 9:43
  Speaker 1: like and subscribe, drop a comment down below, and also
• 9:46
  Speaker 1: join our free private member group. The link is in
• 9:49
  Speaker 1: the description