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CLARITY Shock Incoming?🔥Solana Flips Robinhood + Circle's 3 Catalysts!🚀 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Clarity shock incoming or is it? Today we'll break it
• 0:02
  Speaker 1: down for you guys.
• 0:03
  Speaker 2: Maybe there is.
• 0:04
  Speaker 1: Something brewing here that might bring clarity off life support.
• 0:08
  Speaker 2: Let's take a look.
• 0:09
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• 0:11
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• 0:35
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  Speaker 1: It's going to get you set up and you guys
• 0:48
  Speaker 1: can get started where you can get away from the banks.
• 0:52
  Speaker 1: All right, let's go into it and go over to
• 0:54
  Speaker 1: the statement right here from Eleanor. She hit on this,
• 0:57
  Speaker 1: Senate Republicans have released updated Clarity Act texts. So the
• 1:00
  Speaker 1: point is, is they are still working on this. Non-decentralized
• 1:04
  Speaker 1: DeFi protocols are now set to register with the CFTC.
• 1:10
  Speaker 1: So this was being worked on. While they're on vacation, essentially,
• 1:14
  Speaker 1: is something else brewing? So this week, there's been a
• 1:17
  Speaker 1: lot of bearish statements. One of them, of course, came
• 1:20
  Speaker 1: from Patrick Witt. He says, we'll look our wounds very
• 1:22
  Speaker 1: quickly if this, in fact, does not go through. Additionally,
• 1:26
  Speaker 1: within that, you also had the Wall Street Journal out
• 1:29
  Speaker 1: there pushing pretty hard on it. If you think about this,
• 1:32
  Speaker 1: before you vote against crypto, this is an interesting strategy
• 1:38
  Speaker 1: from an ad perspective because it does put a lot.
• 1:40
  Speaker 2: More pressure on this.
• 1:41
  Speaker 1: And if you go over to Polymarket right now, something
• 1:45
  Speaker 1: weird just happened right there. On September 11th, right there,
• 1:49
  Speaker 1: 28% probability spike. Why?
• 1:53
  Speaker 2: Now, of course, it settled back in. holding at 18%.
• 1:56
  Speaker 1: But the whole point is when you see those kinds,
• 1:58
  Speaker 1: have we seen anything like that before in the last month?
• 2:02
  Speaker 1: Let's go to the last month. Not really other than
• 2:04
  Speaker 1: the downtrend. So interesting times, guys. We are looking at
• 2:09
  Speaker 1: a potential here that could change things up. Now here's
• 2:12
  Speaker 1: Kara Colvert coming in from Coinbase. Simply what she's saying
• 2:15
  Speaker 1: is there is moves to maybe help the regional banks.
• 2:19
  Speaker 1: And this is in reference to, no pun intended, the
• 2:22
  Speaker 1: partnership with MOVE, And the partnership is going to give
• 2:25
  Speaker 1: more than 1,000 small and community banks access to stable
• 2:28
  Speaker 1: coin infrastructure. If you're in a small bank, you're going
• 2:31
  Speaker 1: to have stable coins in there in your bank soon.
• 2:33
  Speaker 2: So get ready. One last point is, is that.
• 2:35
  Speaker 1: This would pretty much eliminate the idea of an argument
• 2:38
  Speaker 1: that regional banks are going to lose deposit flight.
• 2:40
  Speaker 2: This is going to amp it up.
• 2:42
  Speaker 1: And this, of course, puts a bullseye right on JP
• 2:44
  Speaker 1: Morgan that they have no longer are going to be
• 2:47
  Speaker 1: able to argue that point. Let's go to a clip
• 2:49
  Speaker 1: real quick because this is Patrick Witt talking about that
• 2:52
  Speaker 1: both sides may vote on this anyway.
• 2:54
  Speaker 2: Take a look.
• 2:55
  Speaker 3: I'm optimistic about the 15th. It's obviously a procedural vote. So,
• 2:59
  Speaker 3: you know, we're communicating to folks that even if we
• 3:03
  Speaker 3: can't necessarily make the change right up front on the
• 3:05
  Speaker 3: front end, the way that you ultimately address the concern
• 3:09
  Speaker 3: that you have is by getting on the bill and
• 3:11
  Speaker 3: then working through the amendment process to get something in
• 3:14
  Speaker 3: there to resolve their concerns. So I'm feeling pretty good
• 3:18
  Speaker 3: about it.
• 3:19
  Speaker 4: Do you think there's a world where we see some
• 3:21
  Speaker 4: of these Democrats vote for the procedural vote, but then
• 3:23
  Speaker 4: not wind up voting for passage?
• 3:25
  Speaker 3: Honestly, if I were advising them, I would say that's
• 3:29
  Speaker 3: probably what they should do. They should get on the bill.
• 3:32
  Speaker 3: They should continue to discuss these issues for rewards and yield,
• 3:37
  Speaker 3: for example. That's a lot of the conversations that I've
• 3:39
  Speaker 3: had with different senators on the Republican side, too, is
• 3:42
  Speaker 3: your concerns for your community banks cannot get addressed if
• 3:46
  Speaker 3: you don't get on this bill. And for Democrats, your
• 3:49
  Speaker 3: concerns about ethics will not be addressed.
• 3:52
  Speaker 2: If this bill fails.
• 3:53
  Speaker 3: So I would say to everyone, Republican and Democrat, get
• 3:56
  Speaker 3: on the bill and let's keep talking.
• 3:58
  Speaker 1: All right, so everybody may end up voting on this
• 4:01
  Speaker 1: just to keep negotiations rolling through, as you heard Patrick
• 4:04
  Speaker 1: Witt talk about that. Cody Carbone also had kind of
• 4:08
  Speaker 1: a target that you need to be looking at, and
• 4:10
  Speaker 1: that is whether or not Trump says anything about ethics.
• 4:12
  Speaker 2: Be watching. Here's a clip.
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  Speaker 5: It is ethics, ethics, ethics. Yes, there are other issues
• 4:17
  Speaker 5: as it relates to the BRCA, as it relates to
• 4:19
  Speaker 5: stablecoin yields. but you're not getting 60 votes no matter
• 4:23
  Speaker 5: what without an ethics resolution. The White House is going
• 4:26
  Speaker 5: to have to come out and say something on the
• 4:29
  Speaker 5: ethics proposal from Senators Tillis and Gallego.
• 4:33
  Speaker 1: All right, so to that point, watch for notes coming
• 4:37
  Speaker 1: out of the White House. It could come from President Trump.
• 4:39
  Speaker 1: He sometimes will go off the cuff. The other thing
• 4:42
  Speaker 1: you have to look at is another carrot that is
• 4:45
  Speaker 1: being dangled out there. This comes in from Patrick Witt
• 4:48
  Speaker 1: talking about the SEC seats. The Democrats are wanting to
• 4:52
  Speaker 1: get in on this.
• 4:53
  Speaker 2: Watch this clip.
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  Speaker 4: Minority leader Chuck Schumer had sent names to the White
• 4:58
  Speaker 4: House for those jobs. When do you think we see
• 5:01
  Speaker 4: the White House put those names forward?
• 5:04
  Speaker 3: You know, it's part of the clarity negotiation. And, you know,
• 5:07
  Speaker 3: we've also made clear that as part of getting this
• 5:10
  Speaker 3: bill done, there would be an agreement on advancing Democrat
• 5:14
  Speaker 3: commissioners to both commissions. So, again, another reason why, if
• 5:18
  Speaker 3: you're a Democrat, this is a reason to vote for
• 5:21
  Speaker 3: this bill. All right.
• 5:23
  Speaker 1: A reason to vote for the bill. You can kind
• 5:25
  Speaker 1: of see it. Other things to watch, guys, right now,
• 5:27
  Speaker 1: you've got the Solana Summit coming up literally the day
• 5:30
  Speaker 1: before Clarity. That's on September 14th. So Washington and Wall
• 5:33
  Speaker 1: Street getting ready for that. You also have ARK's mainnet
• 5:37
  Speaker 1: launching on the 16th. So interesting timings happening right now.
• 5:43
  Speaker 1: And if you look at it with mainnet launching, they're
• 5:45
  Speaker 1: having a whole event on this thing. So This could
• 5:48
  Speaker 1: be a lot bigger deal than people are giving it
• 5:51
  Speaker 1: credit for.
• 5:51
  Speaker 2: So be on the lookout for that.
• 5:54
  Speaker 1: One thing I do want to say is that if
• 5:56
  Speaker 1: there is a stock or a token to watch, Circle
• 5:59
  Speaker 1: may be one of those to keep an eye on,
• 6:01
  Speaker 1: because if this does go through in any way. Circle's
• 6:04
  Speaker 1: going to have a pump. If you look at any
• 6:06
  Speaker 1: kind of issues with the Fed, Circle most likely will
• 6:09
  Speaker 1: get a pump because if.
• 6:10
  Speaker 2: We get a rate hike.
• 6:11
  Speaker 1: So there's a lot of variables here that could push
• 6:13
  Speaker 1: that stock. And if you look at what PolyMarket's rate
• 6:17
  Speaker 1: right now is holding at, we're still looking at a
• 6:20
  Speaker 1: quarter basis points as a possible rate hike, holding at
• 6:23
  Speaker 1: around 82%. So let me jump over to a clip
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  Speaker 1: real quick. This is Aave on the ARK launch.
• 6:29
  Speaker 2: Take a look.
• 6:29
  Speaker 6: This is the last stream before Mainnet.
• 6:33
  Speaker 3: Aave is one of the hottest platforms right now in DeFi.
• 6:36
  Speaker 6: Being on ARK on day one.
• 6:38
  Speaker 7: We're wanting to borrow USDC. I'll be responsible and borrow
• 6:43
  Speaker 7: 25 bucks. You'll see borrow APY here, which is how
• 6:47
  Speaker 7: much you're going to have to pay for the privilege
• 6:49
  Speaker 7: of this loan. is that right now on Mainnet in particular,
• 6:53
  Speaker 7: there's kind of like a rebate for borrowing USDC. So
• 6:56
  Speaker 7: the rate is quite cheap. You can see the default
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  Speaker 7: rate is 3.9%, but there's a 2% rebate. So if
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  Speaker 7: you want a cheap loan between now and the ARK
• 7:04
  Speaker 7: deployment in USDC, I guess now is the time. Let's
• 7:08
  Speaker 7: say you're building a payments app for freelancers or something
• 7:11
  Speaker 7: in South America.
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  Speaker 2: One of the core.
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  Speaker 7: Features you could offer, because Aave will be live on ARK,
• 7:16
  Speaker 7: is that you could offer USDC Guild to your users natively,
• 7:20
  Speaker 7: powered by Aave. And so there are products like Etherfy,
• 7:24
  Speaker 7: for example, who replaced their whole Etherfy cash credit. They
• 7:27
  Speaker 7: have this like card thing and it has a credit
• 7:30
  Speaker 7: backend on it. They replaced the whole credit backend with v4.
• 7:33
  Speaker 7: And so it gives developers a new level of flexibility
• 7:37
  Speaker 7: and your local bank does not match that.
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  Speaker 2: I'm sorry.
• 7:40
  Speaker 1: So you see there's going to be some pressure on
• 7:42
  Speaker 1: the banks that could cause, especially with this ARK launch.
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  Speaker 2: So get ready.
• 7:45
  Speaker 1: That could cause a little bit of a turmoil within
• 7:48
  Speaker 1: the banking community. If you look at the DeFi llama
• 7:51
  Speaker 1: right now on Robinhood, it has.
• 7:54
  Speaker 2: Started to decline. That's right.
• 7:56
  Speaker 1: It started to decline. And the reason is this right here.
• 7:59
  Speaker 1: Solana has reclaimed its position as the top source of trading.
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  Speaker 1: All of this coming on 11 consecutive days of dominance
• 8:06
  Speaker 1: held by Robinhood. When you look at that, what is it? Well,
• 8:10
  Speaker 1: it's this right here. We're talking about X stocks now
• 8:13
  Speaker 1: pushing 300,000 unique holders by bringing in 20,000 plus in
• 8:17
  Speaker 1: the last 24 hours. All of this is pushing to
• 8:21
  Speaker 1: coming where we're going to see more tokenized, I think,
• 8:23
  Speaker 1: on Solana. And it does push this into things like stock,
• 8:27
  Speaker 1: which is one of the platforms that we've seen crazy
• 8:30
  Speaker 1: growth on. And I think as you start to see
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  Speaker 1: the shift here, whether it is going to be Robinhood,
• 8:35
  Speaker 1: and it's going to be a battle. It's going to
• 8:36
  Speaker 1: be a battle between Solana, I think, and Robinhood going forward.
• 8:40
  Speaker 1: Vubu kind of hit it right here. NASDAQ trading almost
• 8:42
  Speaker 1: $ 60 million. And right now, Solana trading at $ 32 million
• 8:46
  Speaker 1: in terms of the number of trades. So just about
• 8:49
  Speaker 1: 2x to go to be able to hit that. Last
• 8:52
  Speaker 1: up is if you're not watching Joop, they are getting
• 8:54
  Speaker 1: ready to launch something big. This is setting up around
• 8:57
  Speaker 1: yield strategies managed by someone. If you haven't opened your
• 9:01
  Speaker 1: Joop app here recently, do it, and you'll start to
• 9:04
  Speaker 1: understand some of the things that they are doing that
• 9:06
  Speaker 1: would align with where this market is going. Talking about alignment,
• 9:10
  Speaker 1: you've got the UK House of Lords now passing an
• 9:13
  Speaker 1: amendment that simply says, hey, we've got to have a
• 9:14
  Speaker 1: digital asset strategy within the next 12 months covering crypto specifically.
• 9:20
  Speaker 1: And the other points behind that is that Canada's banking
• 9:23
  Speaker 1: regulator says banks now can launch blockchain deposit products this year.
• 9:29
  Speaker 2: That's 2026.
• 9:29
  Speaker 1: So let's go over and take a look at the
• 9:32
  Speaker 1: digital Canadian dollar, what they're highlighting right here. The bank
• 9:36
  Speaker 1: is scaling down its work on a retail central bank
• 9:38
  Speaker 1: digital currency and shifting to its focus on broader payment
• 9:42
  Speaker 1: system research. You know what that means, guys. That means blockchain.
• 9:46
  Speaker 1: I want to end with a couple of clips. Here
• 9:48
  Speaker 1: is someone you might recognize. This is eight years ago.
• 9:51
  Speaker 2: Take a look.
• 9:52
  Speaker 8: This sort of vision of us sitting in the pub
• 9:55
  Speaker 8: doing simultaneously clearing the price of the drinks. using this technology.
• 10:01
  Speaker 8: How do you see that? That's about just getting rid
• 10:02
  Speaker 8: of the middleman in financial transactions.
• 10:04
  Speaker 9: Yeah, I mean, so part of the genius, if you will,
• 10:07
  Speaker 9: of cryptocurrencies is that, as we all know, they're distributed.
• 10:11
  Speaker 9: They cut out the central banks, they cut out the banks,
• 10:13
  Speaker 9: and they're ideally directly peer-to-peer between.
• 10:15
  Speaker 8: You and I.
• 10:16
  Speaker 9: And what we're doing at the Bank of England is
• 10:18
  Speaker 9: we're reorganizing the core of the system in a way
• 10:22
  Speaker 9: that allows new payment providers to just plug in. You're
• 10:26
  Speaker 9: seeing similar innovation amongst banks in the U.S., other places.
• 10:30
  Speaker 9: And so this is coming. Bringing cryptocurrencies into the regulated tent,
• 10:36
  Speaker 9: if you will, some will grow, many more will fall
• 10:40
  Speaker 9: by the wayside. But that's a good thing.
• 10:42
  Speaker 2: All right. You recognize that.
• 10:45
  Speaker 1: That, of course, Mark Carney, now the prime minister in Canada.
• 10:49
  Speaker 1: All of this planning way out ahead. I want to
• 10:52
  Speaker 1: go to this last clip. And again, this will get
• 10:56
  Speaker 1: to the point where the banks might be screwed.
• 10:58
  Speaker 2: Take a look.
• 10:59
  Speaker 6: For the past year and a half, we've been building,
• 11:02
  Speaker 6: building the very things that bring our communities together, that
• 11:05
  Speaker 6: stand the test of time. So even though the United
• 11:07
  Speaker 6: States trade actions will cause us some challenges in the
• 11:10
  Speaker 6: short term, we are going to just move faster, make
• 11:13
  Speaker 6: it even more attractive to invest here in Canada, and
• 11:17
  Speaker 6: break down more barriers between our provinces so we can
• 11:20
  Speaker 6: become our own best customer.
• 11:22
  Speaker 8: If you're J.P. Morgan or any financial institution, you're basically
• 11:27
  Speaker 8: saying you think the most positive thing about this technology
• 11:29
  Speaker 8: is it can get rid of all the profits that
• 11:31
  Speaker 8: you make as a financial intermediary. Is that basically where
• 11:34
  Speaker 8: you're going?
• 11:34
  Speaker 9: Well, I'm not going to speak for individual financial institutions.
• 11:38
  Speaker 9: Maybe more money from understanding their customers better, more money
• 11:42
  Speaker 9: from providing other core banking services. But look, Payment costs
• 11:48
  Speaker 9: are going to keep going down. The profits from this business,
• 11:50
  Speaker 9: I would expect, will go down.
• 11:52
  Speaker 2: All right.
• 11:53
  Speaker 1: So you can see there, JP Morgan definitely called out.
• 11:56
  Speaker 1: I think the point now is things are shifting in
• 11:59
  Speaker 1: a very big way.
• 12:00
  Speaker 2: All of this happening, guys, all at once. So stay tuned.
• 12:10
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• 12:13
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• 12:16
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• 12:17
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