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Banks Successfully Delay CLARITY🔥Crypto Market Update · The Paul Barron Crypto Show

0:00
Speaker 1: The banks have successfully delayed clarity. Today, we'll break it
0:03
Speaker 1: down because somebody needs to be held accountable.
0:05
Speaker 2: Let's get into it.
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Speaker 2: down below.
0:29
Speaker 1: All right, let's lead off with clarity, because I think
0:31
Speaker 1: this is the issue that everybody needs to pay attention
0:33
Speaker 1: to right now. The markup tracking toward may right now.
0:37
Speaker 1: As the Senators are splitting up on the timelines. There's
0:39
Speaker 1: some key things here in the report. The Senate Banking
0:43
Speaker 1: Committee is now set to turn its full attention to clarity,
0:46
Speaker 1: but it's looking to increasingly unlikely that the committee would
0:49
Speaker 1: be able to meet the timeline that they had originally
0:52
Speaker 1: hoped for. One area that he is pushing for Tim
0:55
Speaker 1: Scott is that he says he needs more time to
0:57
Speaker 1: socialize the deal with the bankers.
1:00
Speaker 2: So I don't like that if.
1:02
Speaker 1: You have to socialize stuff like this, this should be
1:04
Speaker 1: a basic common sense thing. You're doing this for the
1:08
Speaker 1: American people, and you're out there trying to socialize a
1:11
Speaker 1: lobby to get this done. The key though, is this
1:14
Speaker 1: May eleventh, eight, because this is the first possible window
1:17
Speaker 1: that could open up, and.
1:18
Speaker 2: That may be too late, guys. So think about this.
1:22
Speaker 1: If the banks just do one thing to possibly derail this,
1:26
Speaker 1: one little time bomb, that would be enough to start
1:29
Speaker 1: to push this back into June. Now we start to
1:32
Speaker 1: slip into July, then you get the summer break. By
1:35
Speaker 1: far you're going into midterms. What it boils down to
1:39
Speaker 1: is we are now at the point of no return,
1:41
Speaker 1: and I don't think the banks ever wanted this to
1:44
Speaker 1: get through at the rate in which we're going, which
1:46
Speaker 1: means that you can only blame a handful of people,
1:49
Speaker 1: and that's going to be the people who have led
1:51
Speaker 1: the charge for crypto. That includes Sacks, That includes Patrick Wood,
1:56
Speaker 1: that includes Lummus, that includes Tim Scott, everybody who's been promising,
2:00
Speaker 1: promising this and not getting it done. This is going
2:04
Speaker 1: to be an embarrassment for this administration. If this does
2:07
Speaker 1: not make it through other things. You can't be for
2:11
Speaker 1: clarity if you're against the rewards. It's one or the other.
2:13
Speaker 1: Time to choose. I choose rewards, clarity acts signing in
2:17
Speaker 1: right here, and the law has dropped dramatically. This looks
2:20
Speaker 1: bad when you look at the overall. So I want
2:23
Speaker 1: to highlight one more thing here, and this of course
2:25
Speaker 1: is the banks doing a submission to the OCC and
2:29
Speaker 1: essentially trying to get them to change policy at the
2:33
Speaker 1: OCC to ban yields under the Genius Act, so implementing it,
2:37
Speaker 1: making it law, but also going through policy as the OCC. Mainly,
2:41
Speaker 1: what this simply means, guys, is they're going to be
2:44
Speaker 1: able to try to get this done without even getting
2:47
Speaker 1: clarity on the floor. This is a big deal because
2:51
Speaker 1: it really starts to showcase exactly maybe this has been
2:54
Speaker 1: the strategy all along for banks.
2:56
Speaker 2: As a whole.
2:57
Speaker 1: All right, So beyond that, we got to lead into
2:59
Speaker 1: our Ran a little bit. And with that you've got
3:02
Speaker 1: Trump extending the US ceasefire with Iran right there as
3:06
Speaker 1: his social post based on the fact that the government
3:08
Speaker 1: i Ran is seriously fractured, blah blah blah, pointing at
3:12
Speaker 1: I'm going to back off, which even though there's people
3:15
Speaker 1: out there saying that there's not really a negotiation going on,
3:18
Speaker 1: maybe this is Trump just simply trying to de escalate.
3:20
Speaker 1: I want to go to a clip real quick that
3:22
Speaker 1: we'll get into a little bit more detail of why
3:26
Speaker 1: and what would be some potential scenarios here.
3:28
Speaker 2: Take a look.
3:29
Speaker 3: You know, I think that of all the situation's worst
3:32
Speaker 3: case scenarios that they were planning for for today when
3:34
Speaker 3: today was to end the ceasefire, this is one of
3:36
Speaker 3: the better scenarios.
3:37
Speaker 4: Right.
3:37
Speaker 3: The ceasefire is indefinitely extended. The bad news, of course,
3:41
Speaker 3: is that horror moves a key conduit for about a
3:44
Speaker 3: fifth of global oil and seaborne gas trade remain shut
3:49
Speaker 3: and it's unclear when that will open again. Now we
3:52
Speaker 3: are around, you know, high nineties, close to one hundred dollars,
3:56
Speaker 3: but the traders were you know, looking at maybe one
3:59
Speaker 3: hundred and twenty plus US if the US were to
4:02
Speaker 3: again begin attacks on Iran like Trump had previously mentioned
4:06
Speaker 3: when the seas fire would end.
4:09
Speaker 1: All right, So with that statement, obviously you have seen
4:12
Speaker 1: the market react. Bitcoin is up right now seventy nine
4:16
Speaker 1: k as we're recording, hitting in there, and if you
4:19
Speaker 1: look at some of the projections for a year in
4:22
Speaker 1: on bitcoin, the spread is around one hundred K up
4:25
Speaker 1: to two seventy five some of the big ones, of
4:27
Speaker 1: course Tom Lee. Then you go all the way into
4:29
Speaker 1: Kathy Woods saying two hundred and seventy five K. That's
4:32
Speaker 1: this year, guys, twenty twenty six. I don't necessarily agree
4:35
Speaker 1: with this because I think there's a few things that
4:37
Speaker 1: have to happen. Clarity I don't think has as much
4:42
Speaker 1: of an impact on bitcoin. Now, sure you know from
4:44
Speaker 1: the crypto community it's going to be maybe there would
4:46
Speaker 1: be a slight move on it, but I don't see
4:48
Speaker 1: it as a long term effect here. I think it's
4:50
Speaker 1: really going to boil down to how i RAN resolves
4:54
Speaker 1: and consumer sentiment. Consumer center will be I think one
4:58
Speaker 1: of the more significant things, and that means pri inflation.
5:01
Speaker 1: How the FED is probably going to respond will have
5:03
Speaker 1: more on this. If Warsh ends up cutting a rate
5:06
Speaker 1: a little bit later, and I'll talk about that in
5:08
Speaker 1: a second, that might get us into these kinds of ranges,
5:11
Speaker 1: but not I do not think we would see a
5:13
Speaker 1: two hundred and seventy five K.
5:15
Speaker 2: Again, I'm not giving financial advice. But I'm just saying.
5:17
Speaker 1: These seem very lofty and if you look at kind
5:20
Speaker 1: of the performance a lot of these financial institutions, this is,
5:23
Speaker 1: of course, is drawing in their own book. You know,
5:25
Speaker 1: they're trying to get people to essentially invest in. Peter
5:28
Speaker 1: Shift kind of hit it right here. These are not experts,
5:30
Speaker 1: their industry insiders hyping bitcoin bullish forecasts that they have
5:34
Speaker 1: no actual basis in reality. But in reality, this is
5:38
Speaker 1: what Peter Shift does for gold. He is an industry
5:40
Speaker 1: insider hyping his asset which is glowed. So everybody's talking
5:45
Speaker 1: their own book. I get it, understand. It boils down
5:49
Speaker 1: to how the market is responding. More case than not,
5:53
Speaker 1: is sentiment cultural shifts that will change here in the
5:58
Speaker 1: United States is what's going to drive these asset prices,
6:01
Speaker 1: at least getting to a point where risk assets are
6:03
Speaker 1: more potential in terms of an investment opportunity. If you
6:07
Speaker 1: take a look at fear and greed, let's just jump
6:10
Speaker 1: over here to point market cap. You can kind of
6:11
Speaker 1: see it right here, sixty two hovering on a position
6:14
Speaker 1: right now where we are in the greed zone. Let
6:17
Speaker 1: me kind of zoom in on that for you. Guys,
6:18
Speaker 1: we're in the greed zone right now. But remember back here,
6:22
Speaker 1: that was October twenty twenty five. That was the last
6:25
Speaker 1: time we started to see these kind of numbers in
6:27
Speaker 1: terms of the CMC fear and greed and where we
6:31
Speaker 1: were overall. And also at that time you had one
6:34
Speaker 1: hundred and eighteen thousand dollars bitcoin, So not bad. But
6:38
Speaker 1: considering that we're eighty three thousand or not quite eighty
6:42
Speaker 1: thousand right now on this, I don't know, maybe there's
6:45
Speaker 1: some opportunity here. Where do you guys think we're heading
6:47
Speaker 1: on bitcoin? Do you think eighty five is in the
6:49
Speaker 1: cards right now at the current state in which it's running,
6:53
Speaker 1: because it's been what up ten percent in the last
6:55
Speaker 1: thirty so not bad for a bitcoin as an asset.
6:59
Speaker 1: Here is the breakdown on the FED, and there's some
7:02
Speaker 1: interesting points here. Kevin Walsh, the new FED, he'll be
7:06
Speaker 1: taking off soon. Cost of living is a top issue
7:09
Speaker 1: that affects sentiment. Like I was saying, the FED has
7:13
Speaker 1: made policy errors and lost its way that may affect
7:17
Speaker 1: sentiment if they look at how they readjust policy calls
7:21
Speaker 1: for fundamental policy reforms.
7:24
Speaker 2: Okay, we'll see.
7:25
Speaker 1: I think it's a lot of red tape, says he
7:28
Speaker 1: will be independent of Donald Trump.
7:30
Speaker 2: The minuty cuts.
7:30
Speaker 1: I think people would say he's you know, he's a puppet.
7:34
Speaker 1: Presidents usually push for lower rates, of course they do.
7:38
Speaker 1: Doesn't believe in forward guidance. This kind of surprised me
7:41
Speaker 1: a little bit, and says that inflation data being used
7:45
Speaker 1: is imperfect, so he's not necessarily looking at where inflation
7:49
Speaker 1: has been reported from and is actually looking at some
7:52
Speaker 1: other things. So he claims tariffs are not the main driver.
7:55
Speaker 1: So very interesting here because that also gets into alignment
7:59
Speaker 1: with the Trump administration. So he's kind of playing both
8:03
Speaker 1: sides right here. I think he's going to do a
8:06
Speaker 1: rate cut this year. Will it be a massive Just
8:09
Speaker 1: one quarter point would all? I think would be all
8:12
Speaker 1: it takes to start that pendulum to swing on a
8:16
Speaker 1: more positive sentiment and get us moving in the right direction. Now,
8:20
Speaker 1: remember that Kevin Walsh had to go in front of
8:23
Speaker 1: Elizabeth Warren. Remember they stopped the Clarity Act to get
8:27
Speaker 1: this guy approved, and she was asked about her grilling
8:32
Speaker 1: of him.
8:32
Speaker 5: Take a look to be independent and I'm not influenced
8:35
Speaker 5: by the president.
8:36
Speaker 4: I think it was a bit of a trap.
8:37
Speaker 6: To ask him to about the election, you know, denial
8:40
Speaker 6: it to get him to disagree with President Trump.
8:42
Speaker 5: You know, no FED share is going.
8:44
Speaker 6: To weigh in on politics like that and the election results.
8:50
Speaker 4: So lork I asked him a fact. But here's the deal.
8:53
Speaker 4: I asked Kevin Walsh when he was in my office
8:56
Speaker 4: and we took up, how would I know your independent?
8:59
Speaker 4: Tell me about you, Tell me how you're going to
9:03
Speaker 4: be independent. You know what he told me. He said,
9:05
Speaker 4: I'm a tough guy. I am the guy who can
9:08
Speaker 4: stand up to Donald Trump. Okay, you can look him
9:11
Speaker 4: in the eye and say something Donald Trump doesn't want
9:14
Speaker 4: to hear. So I tested that. Who won the twenty
9:18
Speaker 4: twenty election. Nope, couldn't say anything.
9:20
Speaker 6: Jo If we had Kenny Yellen, wouldn't do that.
9:23
Speaker 4: If we have a FED chair who is listening to
9:27
Speaker 4: a President of the United States who said, Oh, tariffs
9:30
Speaker 4: don't cost anything. Oh blockade in the Strait of Hormuz
9:33
Speaker 4: does not raise prices, Oh prices are not going up.
9:38
Speaker 4: We have a president who thinks he can bend reality.
9:43
Speaker 4: We need a FED chair who can actually assert reality.
9:47
Speaker 4: That was the test I was looking for. Kevin Warsh
9:50
Speaker 4: can't do.
9:51
Speaker 1: It all right, So didn't answer the question. And you know,
9:55
Speaker 1: this is a test that again draws in the FED
9:58
Speaker 1: into a political position. And this is something that I
10:02
Speaker 1: think anybody would understand. Of course they're not going to answer.
10:04
Speaker 1: Wouldn't matter if it was general power up there, wouldn't
10:06
Speaker 1: matter if it's ten other potential FED chairs.
10:09
Speaker 2: I think it boils down to one thing.
10:11
Speaker 1: If he starts cutting, well know, and that will be
10:13
Speaker 1: the element, granted if nothing changes on the macro side,
10:17
Speaker 1: So we'll know pretty quick.
10:19
Speaker 2: Now.
10:19
Speaker 1: Mohammed la Rain talks about this in a little bit
10:22
Speaker 1: different way, but also in the line of where the
10:25
Speaker 1: FED chair could go.
10:26
Speaker 7: Take a look, do you think it would be more
10:28
Speaker 7: prudent to wait until the geopolitical conflict has a bit
10:34
Speaker 7: more line of sight. Whoever is in the chair right
10:37
Speaker 7: now will have no choice but to wait, because you
10:40
Speaker 7: have a highly divided FORMC. You have biases. Some are
10:46
Speaker 7: very sensitive to employment, some are very sensitive to inflation,
10:50
Speaker 7: and they are data dependent. So whoever is a deal
10:53
Speaker 7: of OFFMC right now, I can guarantee you they're going
10:56
Speaker 7: to wait, and they're going to wait. The question is
10:59
Speaker 7: going to come later, probably in September, as to what
11:03
Speaker 7: you do then.
11:05
Speaker 1: All right, so kind of like what I've been talking
11:08
Speaker 1: about is that it's likely that he doesn't come in
11:11
Speaker 1: with a cut. Now, granted, if something dramatic happens with
11:15
Speaker 1: Iran and we're out of there and things like that
11:18
Speaker 1: lay up and we possibly see energy prices dramatically fall,
11:23
Speaker 1: that could change the scale. But for the most part,
11:25
Speaker 1: I agree with Muhammad in the sense that it's going
11:27
Speaker 1: to be really a big test toward the.
11:29
Speaker 2: End of the year.
11:30
Speaker 1: Let's jump over to Tom Lee. I want to get
11:32
Speaker 1: into something here because he's calling for something he normally
11:35
Speaker 1: does not call for.
11:37
Speaker 5: Ten of thirteen FET shares had a draw down of
11:40
Speaker 5: more than ten percent in the first year, so I
11:43
Speaker 5: think it's more the rule than the exception that we'll
11:45
Speaker 5: get a big draw down. Now, what does it mean
11:47
Speaker 5: for markets, Well, we've had a V shaped recovery from
11:50
Speaker 5: the warlows, but that's more or less the rule, not
11:58
Speaker 5: the exception, because nine team bottoms have been V shaped.
12:02
Speaker 5: So that takes us to our roadmap for the year.
12:04
Speaker 5: We originally said that the market could get towards seventy
12:07
Speaker 5: three hundred, and it looks like we're on a path
12:09
Speaker 5: towards that we're well over seven thousand, and then we'll
12:14
Speaker 5: have a decline that will feel like a bear market.
12:17
Speaker 5: Perhaps it's because of the market testing new Fitch heare,
12:21
Speaker 5: but keep in mind a lot of the markets already
12:23
Speaker 5: had a draw down and the mag seven crypto and software,
12:27
Speaker 5: and then I think a rally follows because fundamentals are strengthening,
12:31
Speaker 5: maybe one of the strongest rallies we'll see in our lifetime.
12:35
Speaker 2: All Right, So there you have.
12:36
Speaker 1: It looks like summer is the breakdown there on Tom's chart,
12:40
Speaker 1: and you kind of compare some of the key assets
12:43
Speaker 1: that are moving right now. Eth is up, Bitcoin is up.
12:47
Speaker 1: Here's a theorialize as CEO.
12:49
Speaker 2: Take a look what he had to say.
12:51
Speaker 6: Eth is like bitcoin, but again bitcoin plus plus and
12:54
Speaker 6: it has its productive it has yield, which financial people love.
12:59
Speaker 6: But it also is this store value and it's used
13:01
Speaker 6: as collateral as basically uses the money across the economy.
13:04
Speaker 6: It is an asymmetric bet to say that Ethereum will
13:08
Speaker 6: reprice from being just value on as a technology company,
13:11
Speaker 6: like Mike said, and transition to becoming a money and
13:14
Speaker 6: when that happens, just it there is a potential hundred
13:18
Speaker 6: accident as that starts to happen, and so people it's
13:21
Speaker 6: one of the best risk reward things to look at.
13:24
Speaker 6: I think as we think blockchains become universal and the
13:27
Speaker 6: timing again, it might not be immediate to get to
13:31
Speaker 6: one hundred x, that would be a little bit wishful,
13:33
Speaker 6: but the timings of repricing could start pretty soon because
13:36
Speaker 6: people already people now know what bigcoin is, people obviously
13:39
Speaker 6: know what gold is. There is a need for digital
13:42
Speaker 6: asset store value, multiple of them, and ETH is emerging
13:45
Speaker 6: more and more as that second pristine store value asset,
13:49
Speaker 6: and we think it will become the primary one. Black
13:50
Speaker 6: Art just launched their steak d TTF and so thereat
13:54
Speaker 6: the productive asset that's earning yield in the stake DTTF.
13:58
Speaker 6: Harvard just rotated of their bitcoin holdings into ETH. So
14:02
Speaker 6: you're seeing the institutional allocations never so it's starting now
14:07
Speaker 6: and this is the theisus for it to really catch hold.
14:10
Speaker 1: All right, So just remember guys that these lofty predictions
14:15
Speaker 1: that come out on a lot of these things. Here,
14:18
Speaker 1: what you're trying to do is really just buy these dips.
14:21
Speaker 1: If you get a dip coming in and you believe
14:23
Speaker 1: in that asset, whether it's a eth Bitcoin, whatever it is, XRP,
14:26
Speaker 1: doesn't matter. If you're convicted in the sense that you
14:29
Speaker 1: believe that project or that particular asset has an opportunity
14:33
Speaker 1: long term, then you could make these kinds of place. Now, granted,
14:37
Speaker 1: there are some things that he is saying there that
14:40
Speaker 1: I think is interesting, And what I mean by that
14:43
Speaker 1: is the fact that we are in a very unique
14:46
Speaker 1: time where a lot of things are concurrently happening. AI
14:50
Speaker 1: is concurrently happening. You look at life studies on aging,
14:55
Speaker 1: You've got bitcoin and blockchain starting to accelerate, and I
14:59
Speaker 1: think you also a are going to see possibly even
15:02
Speaker 1: the rerise of DeFi into this. So maybe in all
15:06
Speaker 1: of that, you've got, you know, on everything bubble potentially
15:10
Speaker 1: going up, and that might get to these lofty numbers
15:13
Speaker 1: that even Tom Lee is talking about for ethereum. But
15:16
Speaker 1: with all that being said, you still have trouble in
15:19
Speaker 1: the water, and this is a good example of it.
15:21
Speaker 1: Here's Tron founders. Justin Sun files a lawsuit against the
15:24
Speaker 1: Trump family and the Crypto Project World Liberty Financial saying
15:28
Speaker 1: they wrongfully Froze's token strip me of my right to
15:31
Speaker 1: vote and they've threatened to permanently destroy and burn token.
15:36
Speaker 1: So you've got, of course Eric Trump coming back in
15:40
Speaker 1: and looking at when they were friends. The only thing
15:43
Speaker 1: more ridiculous than a lawsuit on this is six million
15:46
Speaker 1: instead of really addressing the issue, which is what he
15:49
Speaker 1: should have done, but going at it typical. One other
15:53
Speaker 1: thing to consider is when this lawsuit goes in and
15:57
Speaker 1: the likelihood, as it could happen, you're going to see
16:00
Speaker 1: discovery happen, and that, of course will launch a barrage
16:04
Speaker 1: of what could be world liberty files in the sense
16:07
Speaker 1: of having so much information, emails, documents, all that kind
16:11
Speaker 1: of stuff being revealed in public and now being scrutinized
16:14
Speaker 1: in the court of law. This is going to go
16:15
Speaker 1: like crazy. And remember this is all cryptos, so you
16:18
Speaker 1: have to have that sentiment frame around much of what's
16:21
Speaker 1: happening in crypto. Let's hope that institution will continue to
16:25
Speaker 1: push in this direction, which is the positive side, because
16:28
Speaker 1: there's bad stuff that's always happened, asn't matter your trad
16:30
Speaker 1: FI or in DeFi or even in you know, the
16:33
Speaker 1: new version of finance that is brewing.
16:35
Speaker 2: Speaking of that, you have so far.
16:37
Speaker 1: Adding XRP deposits alongside bitcoin n in Ether, including Solana
16:41
Speaker 1: and becoming the first nationally chartered bank to offer XRP
16:46
Speaker 1: trading directly from FDIC insured accounts. So big news there
16:50
Speaker 1: because this will most likely just proliferate through the entire
16:53
Speaker 1: banking ecosystem, but the new banks, I think will be
16:56
Speaker 1: the ones to kind of focus in on it. Here's
16:58
Speaker 1: the story though, and that is New York Attorney General
17:02
Speaker 1: hitting both Coinbase and Gemini a legend they failed to
17:05
Speaker 1: obtain New York gambling licenses. This is reference to prediction
17:08
Speaker 1: markets the state versus federal script. Remember CFTC has been
17:12
Speaker 1: saying they're going to fight this, but at the same
17:15
Speaker 1: time you've got Paul Greywall saying, hey, prediction markets are
17:18
Speaker 1: federally regulated. Remember they were trying to partner with Kylshi
17:21
Speaker 1: on this national exchanges registered with the CFTC. This issue
17:24
Speaker 1: is proceeding in New York court as we speak. Coinbase
17:27
Speaker 1: will continue to fight for federal oversight for this. So
17:31
Speaker 1: this is happening right now, both on Gemini and on.
17:37
Speaker 2: Coinbase.
17:37
Speaker 1: One note when you look at this is that timing
17:41
Speaker 1: here is very unique in the sense it's happened on
17:45
Speaker 1: the same day that they launched PERPS, and I think
17:48
Speaker 1: when you look at what's going on with the regulatory front,
17:52
Speaker 1: Coinbase being hey, I'm throwing up my hands, we're not
17:54
Speaker 1: winning this battle, We're not getting anything done, and I
17:57
Speaker 1: think they're just going to go back to kind of
17:59
Speaker 1: the no more mister nisky look at the pre Clarity era,
18:04
Speaker 1: and I think they're going to jump right into polymarket,
18:06
Speaker 1: and you know, screw Calci is what it's going to
18:08
Speaker 1: boil down to. And if you think about it, they tried.
18:12
Speaker 1: I think in their position they're maybe thinking it this
18:15
Speaker 1: way is hey, they tried doing everything the right way.
18:17
Speaker 1: We chose Calshi, they're regulated, but yet we're still getting
18:21
Speaker 1: sued by New York on this. I think they're going
18:23
Speaker 1: to jump right back into and say, mess, you don't
18:26
Speaker 1: even go down this route anymore.
18:28
Speaker 2: Head over to.
18:28
Speaker 1: Polymarket, start to go into basically an ulterior model here
18:34
Speaker 1: in terms of these kinds of markets and it changes.
18:37
Speaker 1: I think the whole trajectory of where coinbase could be
18:40
Speaker 1: going soon. So when you look at what coinbase is
18:43
Speaker 1: doing with Azul, which is essentially an all in play
18:48
Speaker 1: on decentralization, this all happens on May thirteenth. This will
18:52
Speaker 1: make base more secure, and of course with recent situations,
18:56
Speaker 1: this increases security and decentralization, including multiproof driven stage two decentralization.
19:03
Speaker 1: This is the kind of advancements that I think are
19:06
Speaker 1: good for the industry, and we'll see if they're successful
19:09
Speaker 1: for it, but it also pushes them away from kind
19:12
Speaker 1: of the traditional model that has been the case right now.
19:15
Speaker 1: Last point I want to make is Devin Newness, CEO
19:19
Speaker 1: at True Social, is out now. Could this set up
19:22
Speaker 1: a possible maybe a possible situation where we could get
19:27
Speaker 1: the framework of a social media platform that could be
19:31
Speaker 1: integrated into crypto in some way. Maybe any player out
19:34
Speaker 1: there who's trying to build this might be an opportunity. Grant,
19:38
Speaker 1: I get that it's True Social, but maybe the engine,
19:42
Speaker 1: the tech, maybe there's enough there to where we could
19:44
Speaker 1: start to see a true decentralized social media rise to
19:48
Speaker 1: the top.
19:49
Speaker 2: We'll see.
19:56
Speaker 1: If you like this video, like and subscribe, drop a
19:59
Speaker 1: comment down below, and also join our free private member group.
20:02
Speaker 2: The links in the description