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Banks Admit To Lying!?🔥Ripple CEO slams Banks!🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Ripple is backhanding the banks as all of this is
• 0:03
  Speaker 1: being exposed right now. There's a lot we're going to
• 0:05
  Speaker 1: be breaking down today. Let's get started. I want to
• 0:08
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  Speaker 1: in just a few taps. Let's take a look at Clarity,
• 1:02
  Speaker 1: and of course this is Clarity all time pretty much
• 1:06
  Speaker 1: no movement.
• 1:07
  Speaker 2: Guys.
• 1:07
  Speaker 1: This is the issue that we are facing right now
• 1:09
  Speaker 1: with of course DC continuing to slow down. Well, what
• 1:13
  Speaker 1: we have today to show you may change the course
• 1:16
  Speaker 1: of where Clarity is going, because I think lawmakers, once
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  Speaker 1: they hear some of the things we're going to reveal,
• 1:21
  Speaker 1: they are going to start to change their minds of
• 1:23
  Speaker 1: how these banks are actually playing ball. I want to
• 1:26
  Speaker 1: go to a clip real quick, because this is Brad
• 1:29
  Speaker 1: calling out Jamie Diamond. Take a look.
• 1:31
  Speaker 3: But you heard what Jamie Diamond said to me. He's
• 1:34
  Speaker 3: not happy with the Clarity Act. He doesn't like the
• 1:36
  Speaker 3: fact that the crypto companies will be able to pay rewards.
• 1:39
  Speaker 3: He's going to fight it. What is your take from
• 1:41
  Speaker 3: Reppel's standpoint.
• 1:42
  Speaker 4: Jamie Diamond has been dismissing this industry for a decade.
• 1:46
  Speaker 4: I think Jamie Diamond also should be clear that he
• 1:48
  Speaker 4: is trying to protect and dig a deeper moat for
• 1:51
  Speaker 4: a business. It's extremely profitable for them and they want
• 1:54
  Speaker 4: to kind of maintain the status quo.
• 1:56
  Speaker 2: It's either intentionally.
• 1:57
  Speaker 4: Misrepresentation or even negligent to try to make support for
• 2:01
  Speaker 4: the Clarity at go away. As much as we could
• 2:03
  Speaker 4: talk about whether or not Brian Armstrong is representing the industry.
• 2:06
  Speaker 2: He's not. He's representing coinbase all right, guys.
• 2:09
  Speaker 1: So there you saw with Brad really going hard on
• 2:12
  Speaker 1: Jamie Diamond, mainly calling him either negligent or doing it
• 2:17
  Speaker 1: on purpose. What do you guys think? Just drop some
• 2:19
  Speaker 1: comments down below. We'd love to get your feedback. Ripple, though,
• 2:22
  Speaker 1: does continue to support the cause and what they're doing
• 2:25
  Speaker 1: here at the Congressional baseball game, trying to push lawmakers
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  Speaker 1: into a position to where they understand this is good
• 2:31
  Speaker 1: for the industry, it's good for Americans. That's the message
• 2:34
  Speaker 1: that they are sending. I have a clip here that
• 2:37
  Speaker 1: I want to play for you guys, because this clip
• 2:39
  Speaker 1: will get into Brad going into a comparison of how
• 2:44
  Speaker 1: they are doing versus JP Morgan.
• 2:46
  Speaker 2: Take a look.
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  Speaker 4: And even as I said earlier, Jamie Diamond used to
• 2:50
  Speaker 4: only say bad things about this industry, and even he
• 2:53
  Speaker 4: is acknowledging things like stable coins are really going to
• 2:56
  Speaker 4: be an integral part of our future payment system.
• 2:58
  Speaker 2: And there are stable coin Roath.
• 3:00
  Speaker 4: You know, we launched that about eighteen months ago and
• 3:03
  Speaker 4: it's already a top five stable coin. And if you
• 3:05
  Speaker 4: look at JP Morgan. They generate twenty billion dollars of
• 3:09
  Speaker 4: revenue from their payments business. We expect to end this
• 3:13
  Speaker 4: year with a billion dollar revenue run rate, not including
• 3:16
  Speaker 4: the XRP on our balance sheet.
• 3:18
  Speaker 3: Well, those those acquisitions certainly made a lot of investors
• 3:22
  Speaker 3: believe that Ripple has become part of the global financial system.
• 3:27
  Speaker 1: All right, So there you have it. Brad kind of
• 3:29
  Speaker 1: calling it out right there, knowing that JB. Nyman is
• 3:31
  Speaker 1: listening because this could mean huge upside for Ripple in general,
• 3:35
  Speaker 1: and he is right. When you look at the stable
• 3:37
  Speaker 1: coins by market cap, especially on the volume that's playing out,
• 3:41
  Speaker 1: you've got Tether, USDC or Liberty, and then of course Ripple.
• 3:46
  Speaker 1: I think what we will see though most likely it's
• 3:48
  Speaker 1: going to be Ripple coming into number three flipping world
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  Speaker 1: USD one, which is we're Liberty five, and I think
• 3:54
  Speaker 1: this will play out into a very positive format for Ripple.
• 3:59
  Speaker 1: Ripple also partner with bitso this was expanding their partnership
• 4:03
  Speaker 1: to advance the stable coin settlement intin Latin America. And
• 4:06
  Speaker 1: this is important when you look at the volume that's
• 4:09
  Speaker 1: playing into this spot trading volume, all of those pairs
• 4:12
  Speaker 1: right there guys moving into r l USD, So get
• 4:15
  Speaker 1: ready for some pretty big expansion, I think, and this
• 4:19
  Speaker 1: will be only one of many areas around the globe
• 4:22
  Speaker 1: that I think Ripple's going to continue to do very
• 4:24
  Speaker 1: well with RLUSD going multi chain. And you've got to
• 4:28
  Speaker 1: see it right there, guys. Are LUSD now alive across
• 4:30
  Speaker 1: ecosystem via wormhole. This of course is happening over on
• 4:34
  Speaker 1: Kraken's Inc.
• 4:35
  Speaker 2: Chain.
• 4:35
  Speaker 1: You've got uniswap with the unitchain and then of course
• 4:40
  Speaker 1: Optimism and base all of that is available now, so
• 4:43
  Speaker 1: it is moving quickly. This is something that we ran
• 4:46
  Speaker 1: across in some research, which is where it breaks down
• 4:49
  Speaker 1: what the banks really think. So they're out there on
• 4:51
  Speaker 1: TV and interviews telling us one thing, but when it
• 4:56
  Speaker 1: comes to actually telling the truth, they have to do
• 4:59
  Speaker 1: it in they're revealing their financials, and this is where
• 5:03
  Speaker 1: we started to break this down. So we did some
• 5:05
  Speaker 1: research on this. If you go all the way into
• 5:07
  Speaker 1: this last page, and this was a highlight, and then
• 5:09
  Speaker 1: we'll play a clip for you that this happened right here, guys,
• 5:12
  Speaker 1: and you've probably seen some of this out there on Twitter.
• 5:14
  Speaker 1: But because I would bet that the deposit tokens. What
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  Speaker 1: they're talking about. There's their own token, and stable coins
• 5:18
  Speaker 1: have some role in the future. We want to be
• 5:20
  Speaker 1: capable of doing that. But we are seeing zero demand
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  Speaker 1: on this, So zero demand on their own deposit token.
• 5:27
  Speaker 1: This is why I think we're going to continue to
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  Speaker 1: see some pressure. So when you look at zero demand
• 5:32
  Speaker 1: here from JP Morgan and what we're seeing with the
• 5:36
  Speaker 1: banking ecosystems, then you flip over to a clip from Ripple.
• 5:40
  Speaker 1: This is Jack McDonald talking about what kind of demand
• 5:43
  Speaker 1: they're going to look at.
• 5:44
  Speaker 2: Take a look.
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  Speaker 5: They're getting more and more comfortable. We're seeing this through
• 5:47
  Speaker 5: our Ripple Prime business. They're getting more and more comfortable
• 5:49
  Speaker 5: wanting to use a stable coin like our all USD
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  Speaker 5: as good collateral. And if we can get the clearing
• 5:54
  Speaker 5: counterparties and the exchanges in the traditional finance world and
• 5:59
  Speaker 5: the regulators comfortble with that as well. That is just
• 6:01
  Speaker 5: a massive, massive unlock. Just recently out of the SEC
• 6:05
  Speaker 5: that essentially wrote a no action letter on the treatment
• 6:07
  Speaker 5: of stable coins, and the haircut should no longer be
• 6:10
  Speaker 5: one hundred percent, but it should be two percent, the
• 6:12
  Speaker 5: same way that money market funds are. That's a massive
• 6:15
  Speaker 5: step forward, and so I think that's on the top
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  Speaker 5: of my Christmas.
• 6:18
  Speaker 1: List, and he is right, that is a massive step forward.
• 6:21
  Speaker 1: That alone from the SEC in terms of the haircut
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  Speaker 1: ratio is I think why the banks have really been
• 6:28
  Speaker 1: in a position of defense mode. Now, this next clip
• 6:31
  Speaker 1: we're going to go into is the president and CEO
• 6:35
  Speaker 1: of P and C. And if you guys don't know,
• 6:37
  Speaker 1: that's a top five bank in the United States, and
• 6:41
  Speaker 1: they go into the very point that we have been
• 6:44
  Speaker 1: arguing for a very long time. They're admitting it the
• 6:47
  Speaker 1: quiet part out loud, and that is that there is
• 6:50
  Speaker 1: no interest from their customers actually with deposit flight. If
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  Speaker 1: this is the case, if this is what the banks
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  Speaker 1: believe and they say it, then why are we not
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  Speaker 1: seeing Congress and lawmakers acting on this and simply go
• 7:06
  Speaker 1: back to the original origin of what we've really needed
• 7:09
  Speaker 1: to do around Genius Act, and that is forget about
• 7:12
  Speaker 1: passive yield, just go back to traditional you if the
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  Speaker 1: banks are no longer afraid of this, take a.
• 7:17
  Speaker 2: Look at this one.
• 7:18
  Speaker 1: The other pisa on the balls of competition side has
• 7:21
  Speaker 1: been around AI driven gash optimization and what that might do.
• 7:26
  Speaker 5: I guess what are your views there.
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  Speaker 6: I don't understand Royal that's coming from the ability to
• 7:34
  Speaker 6: move money quickly with little burden will be more driven
• 7:38
  Speaker 6: by open banking and API connectivity. Then it will be
• 7:42
  Speaker 6: on AI. I don't need AI to figure out that.
• 7:44
  Speaker 6: If it's super easy and I care, I can just
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  Speaker 6: move money into my Vanguard account or my Fidelity account,
• 7:51
  Speaker 6: or just shop PNC internally for the best right or
• 7:54
  Speaker 6: average consumer balance, you know, ten thousand bucks or something
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  Speaker 6: in our checking accounts. People aren't try and invest that
• 8:01
  Speaker 6: extra thousand dollars to earn another twenty basis points. You know,
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  Speaker 6: our wealth clients largely earn the same they would earn
• 8:09
  Speaker 6: from a money fund. So the whole noise and I'm
• 8:11
  Speaker 6: going to have cash mixer, and I'm going to wizzit
• 8:13
  Speaker 6: all around through open banking, and I'm going to arm
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  Speaker 6: the last basis point out of this person with an
• 8:17
  Speaker 6: eight thousand dollars balance. Sounded like somebody made that up
• 8:22
  Speaker 6: on a SoundBite. You guys all ran with it. You
• 8:24
  Speaker 6: don't need that, yes, yeah.
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  Speaker 2: All right, there you have it. Guys.
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  Speaker 1: That's the banks basically saying deposit flight is not an
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  Speaker 1: issue at all. In fact, they are laughing at the
• 8:36
  Speaker 1: idea of deposit flight. So hopefully all of you lawmakers
• 8:40
  Speaker 1: that are watching our show right now, and there's many
• 8:42
  Speaker 1: of you I know that do you need to take
• 8:44
  Speaker 1: them at their work and understand that this is no
• 8:47
  Speaker 1: longer an issue for the banks. In fact, it was
• 8:50
  Speaker 1: never an issue for the banks. And let's get this
• 8:53
  Speaker 1: moving forward and out of the way, because I think
• 8:55
  Speaker 1: the real narrative that will go into the midterms is
• 8:59
  Speaker 1: the fact that you're keeping Americans from actually earning any
• 9:02
  Speaker 1: money on what they do want to put into this
• 9:05
  Speaker 1: ecosystem called Crypto. One of a note that you'll know
• 9:08
  Speaker 1: from that clip there is he's talking about that AI
• 9:10
  Speaker 1: would essentially become your new financial planner of being able
• 9:13
  Speaker 1: to zip your money around make the best asset yields
• 9:16
  Speaker 1: that you can. And of course Brad garling House and
• 9:20
  Speaker 1: Ripple have launched an alternative to this, and he actually
• 9:24
  Speaker 1: launches it really in comparison to what MasterCard is trying
• 9:27
  Speaker 1: to do, and he said the MasterCard announcement was kind
• 9:29
  Speaker 1: of a nothing burger.
• 9:30
  Speaker 3: Listen in well, Ripple is launching a new AI starter
• 9:34
  Speaker 3: kit for the XRP Ledger curated set of tools to
• 9:39
  Speaker 3: allow developers to build agent powered applications and make payments
• 9:42
  Speaker 3: on the company's ledger. Brad, this is a big deal.
• 9:45
  Speaker 3: Congrats on this launch. Tell us more.
• 9:47
  Speaker 4: About this, and so we want to make sure that
• 9:49
  Speaker 4: we are future ready. In future proof is how we
• 9:52
  Speaker 4: think about XRP and the XRP ledger. There's announcement yesterday
• 9:56
  Speaker 4: where MasterCard is partnering with about thirty different companies in
• 9:58
  Speaker 4: the industry.
• 9:59
  Speaker 2: To help construct some of that. We were a part
• 10:02
  Speaker 2: of that.
• 10:02
  Speaker 4: You know, I think sometimes the excitement around these things
• 10:05
  Speaker 4: get ahead of reality. You know, I'm not going to
• 10:08
  Speaker 4: go connect a AI agent to you my brokerage account or.
• 10:11
  Speaker 2: My primary checking account.
• 10:12
  Speaker 4: I'm happy to go to experiment and you know, to
• 10:15
  Speaker 4: do things and let's see where this all goes. But
• 10:17
  Speaker 4: I think there's going to have to be a lot
• 10:18
  Speaker 4: of protections and structure around that before people really connect
• 10:22
  Speaker 4: to their bank account to it an AI agent.
• 10:24
  Speaker 1: Let me know what you guys think. If we do
• 10:26
  Speaker 1: see an evolution of AI agents that are capable of
• 10:30
  Speaker 1: actually getting the best yield, would you enable an AI
• 10:34
  Speaker 1: agent on one of your accounts. Let's just call it
• 10:36
  Speaker 1: a test account. Maybe it's one percent, two percent of
• 10:40
  Speaker 1: you know what your holdings are, would you test that
• 10:43
  Speaker 1: out there? Let me know in the comments down below.
• 10:45
  Speaker 2: Last clip.
• 10:46
  Speaker 1: I want to get into is Ripple strategy here going
• 10:49
  Speaker 1: forward because many people would say, all right, they have
• 10:51
  Speaker 1: acquired many companies. Are they going to stop acquiring companies? Well,
• 10:57
  Speaker 1: Brad says something about that.
• 10:59
  Speaker 2: Well, Brad, I.
• 11:00
  Speaker 3: Mean this is this is a victory for Ripple, and
• 11:03
  Speaker 3: do you want to do more acquisitions to continue scaling up?
• 11:06
  Speaker 3: Do you need that to scale up?
• 11:08
  Speaker 2: You know?
• 11:08
  Speaker 4: Right now, Maria, it's kind of uh, you know, focus
• 11:12
  Speaker 4: on what we have, stick to our knitting a little bit,
• 11:14
  Speaker 4: kind of want to take a moment and digest. There is, however,
• 11:17
  Speaker 4: a lot of dynamic activity in our industry, so I
• 11:19
  Speaker 4: think you're going to continue to see opportunities and we
• 11:22
  Speaker 4: will remain proactive.
• 11:23
  Speaker 2: We have a very strong balance sheet.
• 11:26
  Speaker 1: No acquisitions in plan, wink. I think in general, I
• 11:31
  Speaker 1: think they've got something on order right now in terms
• 11:34
  Speaker 1: of going to the future where Ripple is heading. And
• 11:37
  Speaker 1: I don't know this thing around AI integration. I think
• 11:40
  Speaker 1: the expansion of what they're doing with r l USD
• 11:43
  Speaker 1: that's something to keep a very close eye on with
• 11:45
  Speaker 1: Ripple will continue to cover this, so stay tuned. If
• 11:55
  Speaker 1: you like this video, like and subscribe, drop a comment
• 11:58
  Speaker 1: down below, and also join our free private member group.
• 12:01
  Speaker 2: The link is in the description