Latest / The Paul Barron Crypto Show / Banks Blocking Crypto Bill!🚨Danger!🔥Ron Hammond INTERVIEW

Transcript

Banks Blocking Crypto Bill!🚨Danger!🔥Ron Hammond INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's get into a topic today.
• 0:01
  Speaker 2: I think you guys will want to hit on, and
• 0:03
  Speaker 2: that is banks versus crypto. We're going to have a
• 0:05
  Speaker 2: special guest to talk about that. What's going on in DC.
• 0:08
  Speaker 2: You don't want to miss it. Before we get started,
• 0:10
  Speaker 2: I want to thank our sponsor and that is Tangum.
• 0:13
  Speaker 2: You can actually become your own bank, and the way
• 0:15
  Speaker 2: that you can do that is through self custody. Jump
• 0:19
  Speaker 2: over to tangum dot com. You can use our link
• 0:21
  Speaker 2: down below. It gives you a little bit of a
• 0:22
  Speaker 2: discount and get a physical card that is a self
• 0:26
  Speaker 2: custody device that works with your crypto. Doesn't matter where
• 0:29
  Speaker 2: you're what exchange you're coming down, what kind of wallet
• 0:32
  Speaker 2: you're bringing it in from. All of it's available over
• 0:34
  Speaker 2: on tangentm dot com. To get started, get the three
• 0:36
  Speaker 2: card set to get rolling all right, I want to
• 0:39
  Speaker 2: bring in Ron Hammond, who is a friend of the channel,
• 0:41
  Speaker 2: has been here many times talking about what's going on
• 0:44
  Speaker 2: in DC.
• 0:45
  Speaker 1: Nice see Ron, how are you?
• 0:47
  Speaker 4: It's good? See? Well right now?
• 0:49
  Speaker 3: Unfortunately, as many folks now, it's a little quite over
• 0:52
  Speaker 3: here in DC the shutdown. So but just playing again too,
• 0:55
  Speaker 3: So looking forward to time on all things crypto and
• 0:57
  Speaker 3: drama in DC.
• 0:58
  Speaker 1: All right, So I like it.
• 1:00
  Speaker 2: Crypto and drama, I feel like, is what we're dealing
• 1:03
  Speaker 2: with right now. As far as the Clarity Act is concerned,
• 1:07
  Speaker 2: we've had a handful of markups or attempted markups that
• 1:11
  Speaker 2: have been played within DC. Where does that stand right now?
• 1:15
  Speaker 2: What are we going to actually see coming out of
• 1:17
  Speaker 2: Congress on the Clarity Act?
• 1:20
  Speaker 3: Sure? Thanks, The Martitructure Bill with the Clarity Act is
• 1:22
  Speaker 3: currently stuck in the Senate right now. It's been there
• 1:24
  Speaker 3: for a couple of months. Unfortunately, we had advanced the
• 1:27
  Speaker 3: House of the Clarity Act very strong margins and we
• 1:30
  Speaker 3: were told likely September October we would start seeing some markups.
• 1:33
  Speaker 3: But of course, as everyone probably has figured out, the
• 1:36
  Speaker 3: shutdown has definitely complicated that.
• 1:37
  Speaker 4: But there are a number of other factors too.
• 1:39
  Speaker 3: We haven't seen the final draft it looks like of
• 1:41
  Speaker 3: the Senate Banking version of the Marty Tructure Bill. Senate
• 1:45
  Speaker 3: our culture, we haven't seen a single drafts yet, and
• 1:47
  Speaker 3: they've see to going into very different, very different but
• 1:49
  Speaker 3: it's a different direction than the House did with the Clarityact.
• 1:52
  Speaker 4: So in the at least the negotiating tables are still occurring.
• 1:56
  Speaker 3: It seems we had a couple of CEOs come to
• 1:58
  Speaker 3: the hill last week to try to encourage centers on
• 2:00
  Speaker 3: both sides to get back to the table because there
• 2:02
  Speaker 3: was fears of things calling out with the shutdown kind
• 2:04
  Speaker 3: of overlooming everything.
• 2:06
  Speaker 4: But overall, unfortunately.
• 2:07
  Speaker 3: Shutdown does be the kind of maximal factor here and
• 2:11
  Speaker 3: things not moving forward, and we're looking to hopefully get
• 2:14
  Speaker 3: us logjam moving so we can get going to march structure.
• 2:16
  Speaker 3: I would say likely to have a market hopefully in November,
• 2:19
  Speaker 3: but that's rapidly approaching, and if the shutdown keeps going
• 2:22
  Speaker 3: till Thanksgiving, could be even December.
• 2:25
  Speaker 2: Oh okay, So that is exactly what was going on
• 2:28
  Speaker 2: with you know, Brian Armstrong of coinbase, he of course
• 2:32
  Speaker 2: did a whole round of trying to get into senators
• 2:35
  Speaker 2: to get them moving on this with that being the
• 2:38
  Speaker 2: case and the shutdown also being the case. Right now,
• 2:42
  Speaker 2: November twenty fourth is in this poly market right here,
• 2:44
  Speaker 2: which is holding at about a forty eight percent chance.
• 2:47
  Speaker 2: So if you put one hundred bucks in there, let's
• 2:49
  Speaker 2: see what that would be paying back. Nice little move there,
• 2:53
  Speaker 2: But is this going to happen by the twenty fourth.
• 2:56
  Speaker 1: Do you think.
• 2:59
  Speaker 4: It's tough?
• 3:00
  Speaker 3: You know, at least right now, what we're seeing is
• 3:01
  Speaker 3: that they're basically going to keep the government funded at
• 3:03
  Speaker 3: least The current oposal is to fund until the end
• 3:05
  Speaker 3: of Thanksgiving, but that deadline is actually kind of rapidly approaching. Now.
• 3:09
  Speaker 3: The question is do we just fund it for the
• 3:10
  Speaker 3: next two weeks, even if we do come to an agreement,
• 3:12
  Speaker 3: and then do this all over again at the end
• 3:14
  Speaker 3: of Thanksgiving we go for a whole years All that
• 3:16
  Speaker 3: Macrosuff's being debated right now, but both sides don't seem
• 3:19
  Speaker 3: to be getting any closer to each other, at.
• 3:21
  Speaker 4: Least here in DC. It's a look whiet. And that's
• 3:23
  Speaker 4: kind of concerning considering all things that are in mumbo
• 3:25
  Speaker 4: right now, the shutdown.
• 3:27
  Speaker 2: Yeah, so based on and of course you never know,
• 3:30
  Speaker 2: because I mean, there's always backroom deals that are happening.
• 3:34
  Speaker 2: There's always a different optic side of things than what
• 3:38
  Speaker 2: maybe many people see on the outset of where this
• 3:42
  Speaker 2: is playing into it. Do you think we're going to
• 3:44
  Speaker 2: get into Let's go back to the Clarity Act for
• 3:46
  Speaker 2: a second, because I want to talk about the bank component.
• 3:48
  Speaker 2: This is something that of course has been raised within
• 3:51
  Speaker 2: the Genius Act. Do you think we're going to end
• 3:53
  Speaker 2: up making concessions on the Clarity Act for banks to
• 3:58
  Speaker 2: be able to get this through like what we've had
• 4:00
  Speaker 2: to do here, or at least around the Clarity Act
• 4:04
  Speaker 2: or the Genus Yeah.
• 4:06
  Speaker 3: There were cope proposals that twelve Senate Democrats they put
• 4:09
  Speaker 3: out there privately did get leaked publicly, it seems like,
• 4:12
  Speaker 3: but they did have some concessions on multi affronts arranged
• 4:15
  Speaker 3: from Conifer.
• 4:16
  Speaker 4: The interest with the Trump family.
• 4:17
  Speaker 3: As well as the bank's push were more banning intersparing
• 4:21
  Speaker 3: stable coins for third parties and affiliates, which of course coin.
• 4:25
  Speaker 4: Based prohood all those folks would be very much caring for.
• 4:28
  Speaker 3: There are also things like AML requirements for DeFi which
• 4:31
  Speaker 3: didn't make any sense at all. The DeFi community especially
• 4:34
  Speaker 3: was very much of norms against that. But we're kind
• 4:37
  Speaker 3: of seeing that, you know how the sausage is made
• 4:38
  Speaker 3: in a very public way in DC, which is kind
• 4:41
  Speaker 3: of you very different usually than we've seen before. So
• 4:43
  Speaker 3: we know that we at least the Democrats have laid
• 4:45
  Speaker 3: out a variety of proposals they're not gonna get all
• 4:47
  Speaker 3: of them by any means, but we're the kind of
• 4:49
  Speaker 3: focus or energy on it is going to be really
• 4:51
  Speaker 3: telling what action was for. I would say, you know,
• 4:54
  Speaker 3: probably two weeks ago been the banks on the intersparing
• 4:56
  Speaker 3: stable coin provision with probably worth they landed on. But
• 4:59
  Speaker 3: you know, with the cz aring, I think the cop
• 5:01
  Speaker 3: interest conversation that's really sorry to really boil up here
• 5:04
  Speaker 3: and decently become the focal points, including Center Warren and
• 5:07
  Speaker 3: Adam Schiff from California. Later on tonight you're going to
• 5:10
  Speaker 3: be doing a petition to basically the motion of an
• 5:15
  Speaker 3: impointant word to be against the whole cd partning and
• 5:17
  Speaker 3: to be very public and to have a couple hours.
• 5:19
  Speaker 4: But I think the focus is going to be there.
• 5:21
  Speaker 3: That's gonna be very telling to see kind of where
• 5:23
  Speaker 3: the Marktruture bill goes, because obviously that gets in a
• 5:25
  Speaker 3: very political territory that's not really even crypto focused.
• 5:29
  Speaker 2: Well, yeah, you're getting into the issue that really is
• 5:32
  Speaker 2: raised more around the Trumps themselves, which is the challenge.
• 5:35
  Speaker 2: I think that many people did not want that drawn
• 5:38
  Speaker 2: into this side of it, which clearly is now when
• 5:41
  Speaker 2: you look at just special interest of what the Trump's
• 5:44
  Speaker 2: involvement are going to be. This could play things considerably different.
• 5:48
  Speaker 2: What about Okay, so you mentioned the leak D five bill,
• 5:53
  Speaker 2: and I understand because there was many people I heard
• 5:56
  Speaker 2: that some of the conversations got a little bit heated.
• 5:59
  Speaker 2: You know, this kind of set us back. Are you
• 6:02
  Speaker 2: pro letting that bill get out there so people can
• 6:05
  Speaker 2: see it or do you?
• 6:07
  Speaker 1: Because the concern I have is.
• 6:08
  Speaker 2: If we don't see it, you won't know really until
• 6:11
  Speaker 2: it's too late, and then they could jam something through
• 6:13
  Speaker 2: on the Clarity Act.
• 6:15
  Speaker 1: What are your thoughts on that.
• 6:17
  Speaker 3: Yeah, this kind of leakage happens a lot of politics,
• 6:19
  Speaker 3: and not just from crypto. So you know, anytime there's
• 6:21
  Speaker 3: a big bill out there, anytime the other party wants
• 6:23
  Speaker 3: to have concessions or trying to make the process change
• 6:26
  Speaker 3: a little bit and or have ideas flowed out there tends.
• 6:28
  Speaker 4: To get leaked to the media.
• 6:29
  Speaker 3: So this is kind of, you know, familiar territory, at
• 6:31
  Speaker 3: least in the political side of things. But obviously the
• 6:33
  Speaker 3: folks who did draft that provision more than the staff side,
• 6:36
  Speaker 3: probably they're probably fee a little burned, and that's why
• 6:38
  Speaker 3: we're seeing a little bit outburst with some senders in
• 6:41
  Speaker 3: the meetings last week, because obviously folks don't like it
• 6:44
  Speaker 3: when they're more private conversations are leaked there, especially their proposals.
• 6:47
  Speaker 3: But to your point, though, having that transparency is really important.
• 6:50
  Speaker 3: So you know, with some folks on Twitter kind of say, well,
• 6:54
  Speaker 3: we're in the deep proposals. I did see a copy
• 6:56
  Speaker 3: myself as well. But overall this is a starting point,
• 7:00
  Speaker 3: seems like. But what's important though, is that for these
• 7:03
  Speaker 3: twelve centers that put their name on that piece of paper,
• 7:05
  Speaker 3: they're saying, you know, there's a lot of issues that
• 7:07
  Speaker 3: they wanted to have concessions on, and we're gonna need
• 7:10
  Speaker 3: at least eight of those, if not more to come
• 7:12
  Speaker 3: across the other side to Republicans if we have you know,
• 7:15
  Speaker 3: a chance and Martra structure for this year next, so
• 7:18
  Speaker 3: you know they're considered. It's worth taking consideration because they
• 7:21
  Speaker 3: are kind of the key holders here in this bill
• 7:24
  Speaker 3: of live.
• 7:24
  Speaker 4: Of dies since we eat sixty votes in the Senate,
• 7:26
  Speaker 4: it's before.
• 7:27
  Speaker 2: Right, how important is it now to be naming names?
• 7:31
  Speaker 2: I mean, because this is something that especially for the
• 7:34
  Speaker 2: issue around earning interest on stable coins, very pro bank
• 7:39
  Speaker 2: should we have our lobbyists being out there telling us
• 7:44
  Speaker 2: who we should be putting pressure on right now, especially
• 7:47
  Speaker 2: from a lot of these positions that are clearly the
• 7:49
  Speaker 2: lines are being drawn in the sand.
• 7:52
  Speaker 3: Of course, I mean we come some molar of the
• 7:54
  Speaker 3: lobbing side of things, just a bunch of things happening
• 7:56
  Speaker 3: and love as you can kind of pull here, and
• 7:57
  Speaker 3: we saw that with the CEOs last week, where we
• 7:59
  Speaker 3: kind of have the more the executives come in and uh,
• 8:02
  Speaker 3: you know, there's tide the story and present the industry
• 8:04
  Speaker 3: to them. The lobbies have been in multitude of offices
• 8:07
  Speaker 3: and they've been countless beings on both flanks, you know,
• 8:09
  Speaker 3: both for crypto but also the banks and other groups
• 8:11
  Speaker 3: that are more open to changing things. So things are
• 8:14
  Speaker 3: happening behind the scenes, and there's definitely be a grassroots
• 8:16
  Speaker 3: bush hopefully, but of course they're kind of waiting to
• 8:18
  Speaker 3: see when the moment is to you know, have these
• 8:20
  Speaker 3: conversations because a lot of times these to your point,
• 8:23
  Speaker 3: behind closed doors, and you know, having a huge grass
• 8:25
  Speaker 3: roots swelling maybe not be.
• 8:26
  Speaker 4: The right time to pull that trigger.
• 8:28
  Speaker 3: But when it votes happening or we're getting closed to
• 8:30
  Speaker 3: amendment process, be a lot more public and that's definitely
• 8:32
  Speaker 3: when the engagement is going to be hugely helpful, because
• 8:35
  Speaker 3: actually a couple of the executives last week said that
• 8:37
  Speaker 3: a lot of centers, even on the Democrats side, we're
• 8:40
  Speaker 3: referencing their constituents reaching out about crypto, So they're definitely
• 8:42
  Speaker 3: talking about its being heard in the offices. But of
• 8:45
  Speaker 3: course we got away from the votes times and that's
• 8:47
  Speaker 3: going to be the probably the key time and reach
• 8:48
  Speaker 3: out to centers as such.
• 8:50
  Speaker 2: Is there are there any senator or in any senators
• 8:53
  Speaker 2: right now that we would say, hey, we need to
• 8:55
  Speaker 2: educate them and help them kind of come across the
• 8:58
  Speaker 2: bow and understand what's going on here. Is there any
• 9:01
  Speaker 2: out there that you would say they're on the fence
• 9:03
  Speaker 2: right now and could be possibly brought over based on
• 9:08
  Speaker 2: just getting more information. Anyone you would point to, Yeah, I.
• 9:11
  Speaker 3: Mean, I'd say all twelve those centers that were on
• 9:13
  Speaker 3: that original DeFi proposal, those are all very goottable centers.
• 9:17
  Speaker 3: Of course they're going to have their passion projects within.
• 9:19
  Speaker 3: But you know your Ruben Gegos of Arizona, your Mark
• 9:21
  Speaker 3: Owners of Virginia, you're Adam Shifts of California. You know,
• 9:25
  Speaker 3: you're also Brooks of Maryland, you know Tina Smith as well,
• 9:28
  Speaker 3: and there is several centers. I would also leave the
• 9:30
  Speaker 3: Corey Booker from New Jersey. He's kind of more you know,
• 9:32
  Speaker 3: been there for a while. But usually I would look
• 9:34
  Speaker 3: to the younger generation and the folks that we believe, Hey,
• 9:37
  Speaker 3: don't listen to Listid Warren or kind of what the
• 9:39
  Speaker 3: old guard is saying. Look what happened in the elections,
• 9:42
  Speaker 3: Look what's happening after the Genius Act, and let's provide
• 9:45
  Speaker 3: a clarity to the industry. And I fall from kind
• 9:47
  Speaker 3: of more of the parts and politics here, which seems
• 9:49
  Speaker 3: to try to derail this bill at every turn, But
• 9:52
  Speaker 3: so far it's been you know, still chugging a log.
• 9:54
  Speaker 3: So and there's not many meals I can say that
• 9:57
  Speaker 3: to this stage exactly.
• 10:00
  Speaker 2: And so Ron, I'm kind of curious when you look
• 10:02
  Speaker 2: at yields becoming such a big deal here. Obviously for
• 10:07
  Speaker 2: clear reasons the banks are wanting to protect that area.
• 10:10
  Speaker 2: Why not separate that from the current bill and do
• 10:14
  Speaker 2: like a Rights to Yield Act completely separate that they
• 10:18
  Speaker 2: just could go vote on and just say okay, here
• 10:20
  Speaker 2: it is, let's vote on it.
• 10:22
  Speaker 4: Technically, we kind of already had that, I guess with
• 10:24
  Speaker 4: the Genius Act.
• 10:25
  Speaker 3: So yeah, which is why the bank strategy of trying
• 10:28
  Speaker 3: to reopen up a bill they already endorsment agree to,
• 10:30
  Speaker 3: and they agree to these terms with the crew industry
• 10:32
  Speaker 3: and the Center. So I mean again, it's probably more
• 10:35
  Speaker 3: bad lobby on their part and more kind of not
• 10:37
  Speaker 3: thinking too far in advance. But yeah, overall, they made
• 10:39
  Speaker 3: this agreements and.
• 10:40
  Speaker 4: Now they're trying to go back on it.
• 10:42
  Speaker 3: So but again, they are very powerful for us in DC,
• 10:45
  Speaker 3: so we'll see how the battle every notch plays out.
• 10:47
  Speaker 4: But it's very.
• 10:50
  Speaker 1: When you say they, you mean the banking lobby, right, Yeah, your.
• 10:54
  Speaker 3: Being Policy Institute, Bank Association. Those are kind of large groups.
• 10:57
  Speaker 3: We haven't seen it, at least in my knowledge, a
• 10:59
  Speaker 3: large bank really stick their head up and say, like,
• 11:01
  Speaker 3: you know, we are actually a post of things. And
• 11:03
  Speaker 3: at the same time we're seeing it feels like the
• 11:04
  Speaker 3: one today with City and Coinbase. We always want to
• 11:07
  Speaker 3: morton earlier too, so it's kind of weird how to
• 11:09
  Speaker 3: you seither playing against each other, but in the markets
• 11:11
  Speaker 3: we're kind of seeing the opposite.
• 11:12
  Speaker 4: So yeah, interesting, we'll see what happens.
• 11:16
  Speaker 2: Okay, one couple of questions I have is, uh, do
• 11:20
  Speaker 2: you think we're going to get a chance to review
• 11:22
  Speaker 2: this draft bill before it actually goes out and gets voted.
• 11:25
  Speaker 4: On one hundred percent?
• 11:27
  Speaker 3: You know you should the vote like three days beforehand
• 11:30
  Speaker 3: will have at least like a current draft. But there's
• 11:32
  Speaker 3: also amendments that they have to vote in committee, so
• 11:34
  Speaker 3: that bill is going to change over time in that
• 11:36
  Speaker 3: committee process and then has to go to the Senate floor,
• 11:38
  Speaker 3: and that has amendments as well. So the bill that
• 11:40
  Speaker 3: we draft, we see again milling Clan seen half it.
• 11:43
  Speaker 3: We haven't seen the Center Agriculture draft. That's to be
• 11:45
  Speaker 3: really really important. But once you see the full draft
• 11:48
  Speaker 3: and probably a vote in a couple of weeks, and
• 11:49
  Speaker 3: then there'll be amendment so things will change as time.
• 11:53
  Speaker 2: All right, let's assume we get this through. I'm not
• 11:56
  Speaker 2: assuming it's going to go through and we're going to
• 11:59
  Speaker 2: get this on. What is Senator Warren going to be
• 12:02
  Speaker 2: doing after that? Because this would be too big l's
• 12:06
  Speaker 2: for her in her camp.
• 12:09
  Speaker 4: Among many on her side.
• 12:11
  Speaker 3: You know, being minority, she doesn't have too much power,
• 12:13
  Speaker 3: but you know, they can really block a lot of things,
• 12:16
  Speaker 3: and if she gets a lot of her colleagues to
• 12:17
  Speaker 3: you know, peel away from the Mark Truchure bill.
• 12:18
  Speaker 4: She'll take that as a win. But I'm in your camp.
• 12:20
  Speaker 3: I'm still optimistic we're gonna get Mark Chutch are done
• 12:23
  Speaker 3: at least in twenty twenty six. I've not in the spring.
• 12:25
  Speaker 3: It seems like the shutdown delayed things. But she'll probably
• 12:28
  Speaker 3: you know, complaining and you know, doing a lot of
• 12:31
  Speaker 3: members that minority do. But overall, it seems like at
• 12:34
  Speaker 3: least this is the last big crypto bill the next
• 12:36
  Speaker 3: one after that, so they probably cryptotax issues that's going
• 12:39
  Speaker 3: to be going through the committee, so she won't be
• 12:41
  Speaker 3: having too much say on that process. But but look
• 12:44
  Speaker 3: for taxes like that. The taxis are going to be
• 12:46
  Speaker 3: definitely next up.
• 12:48
  Speaker 2: Listen, we've got potentially brewing in the background here a
• 12:51
  Speaker 2: new FED chair and Tromp Ben also Scott Best, and
• 12:54
  Speaker 2: I've kind of pointed at a whole list of people
• 12:57
  Speaker 2: that potentially could be on that, some of which are
• 13:01
  Speaker 2: we know are very pro bank and Christopher Waller is
• 13:04
  Speaker 2: one of those. We saw Michelle Bowman, Kevin Harsh or
• 13:09
  Speaker 2: Warsh and then Kevin Hassett and Rick Reader. All of
• 13:12
  Speaker 2: these if you could pick one of these right now
• 13:14
  Speaker 2: for the FED chair, would you? Who would you select?
• 13:16
  Speaker 2: I'm kind of curious.
• 13:18
  Speaker 4: That's stup one.
• 13:19
  Speaker 3: I mean, I've to kind of worship for so I
• 13:21
  Speaker 3: know he's even a great guy, so I first of
• 13:24
  Speaker 3: like him.
• 13:24
  Speaker 4: You know, a lot of folks like Chris Waller as well.
• 13:27
  Speaker 3: Of course, there were some concerns on his comments obviously
• 13:29
  Speaker 3: more on the issue as well that Crypto America covered
• 13:32
  Speaker 3: really well. But overall, again, the odd part is it's
• 13:36
  Speaker 3: a lot better than we had in the crop beforehand.
• 13:38
  Speaker 3: And the FED has been, you know, an obstacle in
• 13:40
  Speaker 3: the past, even though they really can't impact a lot
• 13:42
  Speaker 3: of this stuff. In Congress, they have been in the
• 13:44
  Speaker 3: past eight years a dealt with them in various forums
• 13:47
  Speaker 3: for crypto policy. They have not been the most opened
• 13:49
  Speaker 3: out there. But that's definitely changing. So it's going in
• 13:52
  Speaker 3: the right direction, even tho if we disagree on some points.
• 13:55
  Speaker 3: So we're hopeful for it, but we'll see what happens
• 13:57
  Speaker 3: with the E the drama for the shutdown.
• 14:00
  Speaker 2: Well, hopefully Warsh will be the one they select. I mean,
• 14:03
  Speaker 2: there's a possible I guess was Michelle Bowman. I don't
• 14:05
  Speaker 2: know about Christopher Waller, I'm a little concerned with that,
• 14:07
  Speaker 2: at least from the crypto side. I mean, I think
• 14:09
  Speaker 2: he would be good for the markets. The markets would
• 14:11
  Speaker 2: probably look at this as a positive for sure, just
• 14:15
  Speaker 2: with his pro banking position. I guess I can say
• 14:18
  Speaker 2: that in terms of his you know, narrative on what
• 14:22
  Speaker 2: he's looked at in the past. All right, well, listen, Ron,
• 14:25
  Speaker 2: we're going to get you back on because as we
• 14:27
  Speaker 2: get closer to this government hopefully reopening, and the fact
• 14:31
  Speaker 2: that we've got so much potential pent up you know,
• 14:33
  Speaker 2: work there in DC that could come to final fruition,
• 14:37
  Speaker 2: we're definitely going to need somebody on the ground there.
• 14:39
  Speaker 1: So we'll get you back on when that happens.
• 14:42
  Speaker 3: Okay, it sounds good waiting for the ETFs to get launched.
• 14:45
  Speaker 3: It seem to be all a lot waiting in the
• 14:47
  Speaker 3: pipeline hends as well as uh forgot, there's a lot
• 14:51
  Speaker 3: of new action letters I got dropped two days prior
• 14:53
  Speaker 3: to the shutdown, so I'm sure more on that front.
• 14:56
  Speaker 3: So yeah, I'm looking forward to updating you and all that.
• 15:00
  Speaker 3: Hopefully we go open back up.
• 15:01
  Speaker 1: All right, Ron, thanks so much for stopping in. We
• 15:03
  Speaker 1: appreciate it.
• 15:04
  Speaker 4: Thanks all you bet all.
• 15:06
  Speaker 2: Right, you guys, make sure and get in on our
• 15:08
  Speaker 2: own Diamond Circle. That's our special group out there that
• 15:10
  Speaker 2: you guys can join for free, and we always leave
• 15:13
  Speaker 2: a link down below in the description, So do that
• 15:15
  Speaker 2: and of course follow me out there on X at
• 15:17
  Speaker 2: Paul Baron. We'll catch you next time right here on
• 15:19
  Speaker 2: the Paul Baron Show.
• 15:21
  Speaker 1: Thank you,