Latest / The Paul Barron Crypto Show / 🚨CLARITY Incoming!🚀MASSIVE Update🔥

Transcript

🚨CLARITY Incoming!🚀MASSIVE Update🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Breaking news today. Clarity could be right here.
• 0:02
  Speaker 2: Guys.
• 0:03
  Speaker 1: We're going to break it all down for you.
• 0:04
  Speaker 3: Before we get started, I do want to thank our sponsor,
• 0:06
  Speaker 3: and that of course is BTCC. When it comes to
• 0:09
  Speaker 3: trading in a very volatile market, this is where you
• 0:12
  Speaker 3: guys need to visit. Go over to BTCC dot com
• 0:14
  Speaker 3: using our link down below. You're going to get a
• 0:17
  Speaker 3: ten percent first time deposit bonus, a whole slew of
• 0:21
  Speaker 3: offers as well as lower trading fees. All of that's
• 0:24
  Speaker 3: available to you right now on BTCC.
• 0:26
  Speaker 1: So check it out.
• 0:27
  Speaker 3: Long short copy trading, you can do it all over there.
• 0:30
  Speaker 3: Let's go over and lead off with what's happening in
• 0:32
  Speaker 3: DC right now, which of course is the Blockchain Summit,
• 0:36
  Speaker 3: and I was.
• 0:37
  Speaker 1: Supposed to be there.
• 0:38
  Speaker 3: I'm not feeling well, as you guys can see. But
• 0:40
  Speaker 3: the point is is a lot of things are happening,
• 0:43
  Speaker 3: and I think we are getting to the point where
• 0:45
  Speaker 3: we are going to have an opportunity to see history
• 0:49
  Speaker 3: being made.
• 0:50
  Speaker 1: And I want to go to this first clip.
• 0:51
  Speaker 3: This first clip is really a breakdown by Dusty Johnson
• 0:55
  Speaker 3: that says, hey, we've got to move pretty fast.
• 0:56
  Speaker 1: Take a look.
• 0:57
  Speaker 4: What can we be doing.
• 0:58
  Speaker 5: Continue to talk about urgency, just continue to let folks
• 1:02
  Speaker 5: know we really really have to get this done. We
• 1:05
  Speaker 5: are very close to being out of time. I'm concerned
• 1:08
  Speaker 5: we're going.
• 1:08
  Speaker 1: To blow out.
• 1:09
  Speaker 5: Don't move the goal pulse. I do not understand the Senate.
• 1:13
  Speaker 5: Whatever they're putting in the tap yoca putting they eat
• 1:15
  Speaker 5: after lunch. They need to change that recipe. It just
• 1:18
  Speaker 5: takes them so long. But we really are running out
• 1:21
  Speaker 5: of time. We are running out of time. The new
• 1:24
  Speaker 5: hold up is yield bearing on stable coins.
• 1:27
  Speaker 1: I get it.
• 1:28
  Speaker 5: But the time has really come for us to figure
• 1:30
  Speaker 5: out what does a reasonable compromise look like. We absolutely
• 1:35
  Speaker 5: need to get this done. We better get it done.
• 1:37
  Speaker 5: This dithering is unbecoming a great institution, all right.
• 1:41
  Speaker 3: So well, you know, dithering is what politicians do the best,
• 1:45
  Speaker 3: And it's been happening for a long time.
• 1:47
  Speaker 1: Guys.
• 1:47
  Speaker 3: We've had this on the deck since last August. That
• 1:51
  Speaker 3: was when it was supposed to be done. The first
• 1:52
  Speaker 3: time that we had all sorts of then it was March.
• 1:54
  Speaker 3: Now you know, we're dealing with a whole new era.
• 1:58
  Speaker 3: I think of where this is really going to happen.
• 2:00
  Speaker 3: Bernie Moreno, though, hits it pretty well, and he talks
• 2:04
  Speaker 3: about we are in a kind of a point of
• 2:07
  Speaker 3: no return.
• 2:07
  Speaker 1: Take a look.
• 2:09
  Speaker 2: If we don't get the Clarity Act passed by May,
• 2:12
  Speaker 2: digital asset legislation will not pass for the foreseeable future.
• 2:16
  Speaker 2: I implore all of you to stay with us and
• 2:20
  Speaker 2: keep pushing. We are on the cusp of getting this
• 2:24
  Speaker 2: industry absolutely stapled to the future of the United States
• 2:27
  Speaker 2: of America. We'll get this across the finish line. We're
• 2:30
  Speaker 2: gonna do it together, and we will win, and then
• 2:32
  Speaker 2: it's go.
• 2:33
  Speaker 1: Time, all right.
• 2:34
  Speaker 3: I feel pretty good about Moreno what. We've been following
• 2:37
  Speaker 3: him for a while. He's new to the game, and
• 2:41
  Speaker 3: I think he understands what's happening here and the opportunity
• 2:44
  Speaker 3: it brings to the United States around business, innovation and
• 2:47
  Speaker 3: so much more. When you look at what said the
• 2:50
  Speaker 3: alumus has been talking about. She's mostly in the bitcoin camp,
• 2:54
  Speaker 3: but she actually said something here that I thought, ooh,
• 2:57
  Speaker 3: does this curse our clarity odds?
• 2:58
  Speaker 1: Take a look.
• 3:00
  Speaker 6: Can we give any hope to this room that maybe
• 3:02
  Speaker 6: we'll see an endgame here?
• 3:03
  Speaker 7: I thought we'd be doing a victory lap by now. Gosh,
• 3:08
  Speaker 7: the Bank's got really dug in on this for reasons
• 3:12
  Speaker 7: that still escape me. But the good news is we
• 3:16
  Speaker 7: are so close. And I know I've been saying that
• 3:20
  Speaker 7: for a long time, but we are so close this time.
• 3:23
  Speaker 7: I just want to assure you we really are going
• 3:26
  Speaker 7: to get it out of the Banking Committee in April,
• 3:30
  Speaker 7: but we're going to mark it up in April. We're
• 3:34
  Speaker 7: going to mark it up after the Easter recess. We're
• 3:38
  Speaker 7: going to have this thing done, come hell or high water.
• 3:43
  Speaker 1: This great So.
• 3:47
  Speaker 3: A lot of optimism, all right, So a little cringe
• 3:52
  Speaker 3: there of what Lomas is talking about, and she is right.
• 3:56
  Speaker 3: I mean, we have been going at this for quite
• 3:58
  Speaker 3: some time. There's been false stars after fallse starts.
• 4:01
  Speaker 1: Banks have jumped into the midst of this.
• 4:03
  Speaker 3: If you're brand new to crypto, you're just getting in
• 4:06
  Speaker 3: and understanding what's going on. We are literally at the
• 4:09
  Speaker 3: threshold of reformatting our financial future in the United States,
• 4:14
  Speaker 3: and what it's going to be is going to be huge.
• 4:17
  Speaker 3: Now Tim Scott, who I think is the linchpin here
• 4:20
  Speaker 3: of how this will go, he talks about the real
• 4:23
  Speaker 3: hope behind this, take a look.
• 4:25
  Speaker 1: Can you please give us an update. Where are we
• 4:27
  Speaker 1: on getting clarity. Let us pray.
• 4:31
  Speaker 4: Thank God for the White House getting involved. We missed
• 4:35
  Speaker 4: lots of my artificial deadlines, but we are making progress
• 4:38
  Speaker 4: on all the other parts that we don't hear about.
• 4:40
  Speaker 5: You alluded to one of the biggest issues, stable coin yield,
• 4:43
  Speaker 5: stable coin rewards.
• 4:44
  Speaker 1: Everyone in this audience knows it.
• 4:46
  Speaker 8: Well.
• 4:46
  Speaker 1: Can you give an update on the progress there.
• 4:49
  Speaker 4: We are making progress. The good news from my perspective
• 4:52
  Speaker 4: is that this really is not about having a partisan vote.
• 4:57
  Speaker 4: This is about having both sides fighting over the differences.
• 5:01
  Speaker 4: And I believe that this week we will have the
• 5:04
  Speaker 4: first proposal in my hands to take a look at.
• 5:09
  Speaker 4: And if that actually happens before the end of this week,
• 5:11
  Speaker 4: and I think that it will, well at least know
• 5:14
  Speaker 4: that the sketch looks like the person. I see it
• 5:18
  Speaker 4: as the largest publicly celebrated challenge that we have. I mean, listen,
• 5:23
  Speaker 4: I think if you want to be real about it, listen.
• 5:24
  Speaker 4: The issues of ethics, I think we're very close to
• 5:28
  Speaker 4: landing the plane on ethics, issue on quorum, we decided
• 5:32
  Speaker 4: to see FCC leave. And I think the issue of
• 5:34
  Speaker 4: defive I've talked to Mark probably every week. We're still
• 5:38
  Speaker 4: in a constructive process there. Good news is those issues
• 5:42
  Speaker 4: seem to pale in comparison to the rewards issue.
• 5:46
  Speaker 3: So what you see there with Tim is we're going
• 5:49
  Speaker 3: to know by this week or from what he's telling us.
• 5:51
  Speaker 3: Remember this is the lead official coming out on Center
• 5:54
  Speaker 3: Banking Committee.
• 5:56
  Speaker 1: The guy. If this does not come across the.
• 5:59
  Speaker 3: Line, I think maybe Trump has a figure to point here.
• 6:02
  Speaker 3: But we will know this week and what we have
• 6:06
  Speaker 3: in reference to possibly some concessions around what this is
• 6:09
  Speaker 3: going to look like. Now, there are some other things
• 6:11
  Speaker 3: that are connecting to this in the Clarity Act.
• 6:15
  Speaker 1: One of it is around.
• 6:16
  Speaker 3: The tax build and remember this was something that was
• 6:18
  Speaker 3: attempted during the Genius Act passing, but now the possibility
• 6:23
  Speaker 3: might link this into Clarity.
• 6:25
  Speaker 6: Take a look, tax was not mentioned in the Genius Act.
• 6:28
  Speaker 6: We need this clarity and I like where this is going.
• 6:32
  Speaker 6: And I think the deem Basis rule is going in
• 6:33
  Speaker 6: the right direction if we want this to move around freely.
• 6:36
  Speaker 4: So when you go.
• 6:37
  Speaker 8: Into Costco right now, you can only use I believe,
• 6:39
  Speaker 8: one form of payment MasterCard Visa. Now think about if
• 6:43
  Speaker 8: you're my brother who's a small retailer and he is
• 6:46
  Speaker 8: a square payment, he gets hit with six percent on amex.
• 6:49
  Speaker 8: This is going to change the world and going to
• 6:52
  Speaker 8: change our country for the better. Once people are out
• 6:54
  Speaker 8: there and they say they are going to take stable coin,
• 6:57
  Speaker 8: I don't know if I'll go back to a credit
• 6:59
  Speaker 8: card again. So this is something, as you can see,
• 7:02
  Speaker 8: I like.
• 7:02
  Speaker 9: A lot, and we need it done in a timely
• 7:05
  Speaker 9: manner so that as the final pieces are passed in
• 7:10
  Speaker 9: the Senate that this bill is right there to move forward.
• 7:14
  Speaker 3: So a couple of things that you have to look
• 7:16
  Speaker 3: at there is first, bringing payments into this, I think
• 7:20
  Speaker 3: is very important.
• 7:21
  Speaker 1: The tax component, I'm.
• 7:23
  Speaker 3: Assuming is going to be somewhat basic because I'm trying
• 7:28
  Speaker 3: to pile that in this late in the game.
• 7:31
  Speaker 1: That could create some problems.
• 7:32
  Speaker 3: But I think what they're going for is to get
• 7:35
  Speaker 3: the payment component in here. And this is a big
• 7:37
  Speaker 3: deal because they're talking about retailers and the ability to
• 7:39
  Speaker 3: be able to have that option to accepting stable going
• 7:43
  Speaker 3: for payment, and if that does happen, that would be
• 7:47
  Speaker 3: absolutely huge and it would be a huge win I
• 7:49
  Speaker 3: think for Congress to get that across the line, because
• 7:52
  Speaker 3: that's covering not only investors, it's covering retail and innovation.
• 7:56
  Speaker 3: I mean, basically, it's a financial windfall for everybody.
• 8:00
  Speaker 1: I go further into this last clip before we get
• 8:02
  Speaker 1: go in here.
• 8:02
  Speaker 3: This is Paul Atkins where he's endorsing Clarity by Nate.
• 8:06
  Speaker 1: This is the head of the SEC. Take a look.
• 8:08
  Speaker 10: I suspect that many in this audience are really tired
• 8:11
  Speaker 10: of hearing about the perils of uncertainty. On that note,
• 8:15
  Speaker 10: I strongly support the ongoing bipartisan efforts on Capitol Hill,
• 8:20
  Speaker 10: particularly the Clarity Act that I trust will soon reach
• 8:24
  Speaker 10: President Trump's desk.
• 8:27
  Speaker 3: Well, that's a big statement coming from Atkins because he
• 8:30
  Speaker 3: has never really said that in terms of supporting the
• 8:33
  Speaker 3: bill by name and doing it there at the blockchain summit.
• 8:37
  Speaker 3: I think is a big win for the industry and
• 8:39
  Speaker 3: it's also going to help I think Trump and being
• 8:41
  Speaker 3: able to close this out. However, with all of this
• 8:44
  Speaker 3: good news, we are still seeing Yes, it is a
• 8:47
  Speaker 3: high percentage at sixty two percent, but we're still seeing
• 8:50
  Speaker 3: a little bit of a pause here on clarity probability. Now,
• 8:54
  Speaker 3: I think this should be much higher based on what
• 8:56
  Speaker 3: we're seeing, based on our research, based on what we're
• 8:58
  Speaker 3: hearing from DC. It all kinds of boils down to
• 9:02
  Speaker 3: what these concessions have been. I want to go to
• 9:04
  Speaker 3: another clip that will break down some of this, because
• 9:07
  Speaker 3: this is also layering in a new announcement from the
• 9:11
  Speaker 3: SEC that happened yesterday.
• 9:13
  Speaker 1: You guys saw it.
• 9:14
  Speaker 3: This is all about a new token taxonomy and what
• 9:17
  Speaker 3: it means for innovation.
• 9:18
  Speaker 1: Take a look.
• 9:20
  Speaker 10: So today I'm pleased to announce that the SEC's persistent
• 9:24
  Speaker 10: failure to provide clarity on this question is over. As
• 9:29
  Speaker 10: we speak, the Commission is implementing a token taxonomy, an
• 9:34
  Speaker 10: investment contract interpretation, and you should find that in your inbox.
• 9:38
  Speaker 10: Establishes four asset categories that are not deemed to be securities,
• 9:44
  Speaker 10: so digital commodities, digital collectibles, digital tools, and payment stable coins.
• 9:51
  Speaker 10: That only one crypto asset class remains subject to securities laws,
• 9:57
  Speaker 10: namely digital securities, which are traditiontional securities that are tokenized.
• 10:02
  Speaker 10: So we're not the Securities and Everything Commissioned anymore. So
• 10:08
  Speaker 10: I seek and presumably the CFTC will be coming out
• 10:15
  Speaker 10: too with some some sort of taxonomy sometime soon, and.
• 10:19
  Speaker 6: We've agreed to the same taxonomy.
• 10:20
  Speaker 10: That's that's organization, that's you'll see the participating.
• 10:26
  Speaker 2: Yeah, I don't know when that's happened before.
• 10:29
  Speaker 1: Yeah, me neither. I don't know what that's happened before.
• 10:32
  Speaker 3: Where you get two major bureaucratic agencies agreeing on how
• 10:37
  Speaker 3: this is playing out. There was a lot of other
• 10:39
  Speaker 3: things that they announced in this press release. There it
• 10:42
  Speaker 3: is regulation on crypto assets safe Harbor, but I want
• 10:45
  Speaker 3: to kind of call a focus here on startup exemptions.
• 10:48
  Speaker 1: This is pretty big.
• 10:49
  Speaker 3: The exemption could also allow entrepreneurs to raise up to
• 10:52
  Speaker 3: a defined of amount five million during a four year
• 10:55
  Speaker 3: period with notices to Commission when they're relying on exemption
• 10:58
  Speaker 3: and when exiting Mainly innovation. This is gonna be a
• 11:01
  Speaker 3: big deal for startups fundraising up to seventy five million
• 11:03
  Speaker 3: over twelve months. This is another big deal, especially because
• 11:07
  Speaker 3: those have been big drawbacks with the SEC going forward.
• 11:11
  Speaker 3: And then you go into the actual breakdown of the
• 11:14
  Speaker 3: digital commodities. There they are guys, let's read them aptos, Avalanche, Bitcoin, Bitcoin, cash, Cardano,
• 11:21
  Speaker 3: chain Link, doge coin, eth and then of course you've
• 11:25
  Speaker 3: got h Bardera like coin, Polka Dot, shiba Inu, Solana,
• 11:31
  Speaker 3: then Stellar, Tezos and last but not least XRP. So
• 11:36
  Speaker 3: those are now all commodities, all agreed upon by both agencies,
• 11:41
  Speaker 3: probably one of the biggest things that has happened in
• 11:43
  Speaker 3: crypto to date. I think we're going to see a
• 11:46
  Speaker 3: lot of opportunity here. Now there is a hell Mary
• 11:49
  Speaker 3: plan and what it boils down to is Memorial Day
• 11:52
  Speaker 3: break after May twenty first. So that's kind of the
• 11:55
  Speaker 3: timing that we're dealing with right now. Granted, remember this
• 11:58
  Speaker 3: hits Tim Scott's dey us this week.
• 12:00
  Speaker 1: He says, sketch. We'll see what gets pushed back from that.
• 12:04
  Speaker 7: All.
• 12:05
  Speaker 3: That's kind of interesting timing here because we've got Project
• 12:08
  Speaker 3: hel Mary in the theater, so we need a hel Mary.
• 12:10
  Speaker 3: And then, of course, the last thing I want to
• 12:12
  Speaker 3: hit on is this right here, Crypto Exchange Kraken is
• 12:15
  Speaker 3: now freezing their IPO. Now this is a concern because
• 12:18
  Speaker 3: this sends shockwaves through the crypto industry, meaning it's the
• 12:23
  Speaker 3: red flag guys that says no crypto companies are going
• 12:26
  Speaker 3: to IPO. That's a bad thing for the s and
• 12:29
  Speaker 3: P five hundred's bad thing for stock market. And if
• 12:33
  Speaker 3: we don't get clarity, I think this starts to affect
• 12:36
  Speaker 3: traditional finance even more. If you like this video, like
• 12:46
  Speaker 3: and subscribe, drop a comment down below, and also join
• 12:49
  Speaker 3: our free private member group.
• 12:51
  Speaker 1: The link is in the description