Latest / The Paul Barron Crypto Show / Trump Executive Order Saves Ripple!🚨Banks Go ALL-IN Against CLARITY🔥

Transcript

Trump Executive Order Saves Ripple!🚨Banks Go ALL-IN Against CLARITY🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Trump is saving Ripple with a new executive order today.
• 0:02
  Speaker 1: We're going to break it down for you. A lot
• 0:04
  Speaker 1: to unravel here, because it goes much deeper. You don't
• 0:07
  Speaker 1: want to miss it. Let's just get started. Before you
• 0:09
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• 1:04
  Speaker 2: All right, guys, let's get into it today.
• 1:06
  Speaker 1: I want to kind of open up if you guys,
• 1:07
  Speaker 1: remember we just did a video on this over on
• 1:10
  Speaker 1: the Channel and it was basically Warren attacking Ripple, and
• 1:14
  Speaker 1: primarily it was Warren attacking through the occ and focusing
• 1:20
  Speaker 1: on Ripple. And I think there may have been something
• 1:23
  Speaker 1: going on because all of a sudden we get a
• 1:25
  Speaker 1: little bit of Warren moving into the market. And what
• 1:28
  Speaker 1: is next, Well, you get this which is an executive
• 1:31
  Speaker 1: order integrating financial technology innovation into regulatory frameworks.
• 1:36
  Speaker 2: What does that mean?
• 1:36
  Speaker 1: Well, there was a lot of breakdown within this. What
• 1:39
  Speaker 1: it really boils down into and I'll kind of zoom
• 1:41
  Speaker 1: in on this article right here. Remember that granting a
• 1:45
  Speaker 1: FED Master account to crypto firms has been kind of
• 1:49
  Speaker 1: the big debate, right and this was the whole theme
• 1:52
  Speaker 1: around how the FED was trying to go to a
• 1:54
  Speaker 1: skinny account. I think this is now going to give
• 1:58
  Speaker 1: the crypto banks a full Master account based on this
• 2:02
  Speaker 1: new executive order.
• 2:04
  Speaker 2: If that is the.
• 2:05
  Speaker 1: Case, the banks have been fighting not hard enough because
• 2:09
  Speaker 1: this will definitely put a bullseye on the banks back
• 2:12
  Speaker 1: if in fact that is what's going on. I want
• 2:15
  Speaker 1: to go to a clip real quick, because this is
• 2:17
  Speaker 1: Cynthia Lummus that starts to get into the Clarity roadmap.
• 2:21
  Speaker 1: And remember, all of this is tied together, so listen
• 2:24
  Speaker 1: in Well.
• 2:25
  Speaker 3: Next, we're going to take the bill that we passed
• 2:29
  Speaker 3: in the Senate Banking Committee last week. We're going to
• 2:32
  Speaker 3: combine it with the bill that's already passed the agg
• 2:35
  Speaker 3: Committee on the Senate, which deals with the Commodity Futures
• 2:38
  Speaker 3: Trading Commission part of this subject. Then we're going to
• 2:42
  Speaker 3: wrap in some language about ethics as well as makes
• 2:46
  Speaker 3: some technical changes to the Genius Act. So then we're
• 2:50
  Speaker 3: going to put it all together and present it on
• 2:53
  Speaker 3: the Senate floor.
• 2:54
  Speaker 2: I read this week that the banks are still sort
• 2:59
  Speaker 2: of trying to put up a fight.
• 3:00
  Speaker 4: They're still trying to trip this thing up before you
• 3:02
  Speaker 4: get it over to finish line.
• 3:05
  Speaker 1: I get that sense too, all right, yeah, I get
• 3:09
  Speaker 1: this sense too.
• 3:10
  Speaker 2: For sure. We're continuing to see that.
• 3:12
  Speaker 1: What I don't understand is why our lawmakers are not
• 3:16
  Speaker 1: out there doing the hard work instead of writing scooters.
• 3:19
  Speaker 1: I guess on the back of Justice's scooter, is there
• 3:22
  Speaker 1: that much fun going on in DC that, you know,
• 3:25
  Speaker 1: working Americans can't take precedents over all of this. I
• 3:28
  Speaker 1: just don't agree with that kind of behavior when we're
• 3:31
  Speaker 1: sitting here really with one of the most critical components
• 3:35
  Speaker 1: in the history of crypto.
• 3:38
  Speaker 2: Looming right now.
• 3:39
  Speaker 1: Now, I want to go to another clip, and this
• 3:41
  Speaker 1: is getting into where banks are starting and attacking. Not starting,
• 3:46
  Speaker 1: They're continuing to attack Clarity take a look.
• 3:49
  Speaker 5: But the fight is just getting started, or so I'm told.
• 3:52
  Speaker 2: The trade group's repping.
• 3:53
  Speaker 5: Banks are now scared. The American Bankers Association claims this
• 3:57
  Speaker 5: built will drain cash deposits out of your local community banks,
• 4:02
  Speaker 5: but the chief policy officer for coinbase says that's total fiction.
• 4:06
  Speaker 6: We've seen ten years of a stable cooin adoption, community
• 4:10
  Speaker 6: bank deposits that are completely unaffected by it.
• 4:13
  Speaker 5: Maryland Democrat Angela also Brooks broke rank. By the way
• 4:16
  Speaker 5: to vote yes.
• 4:17
  Speaker 2: We still have a lot of work to do.
• 4:19
  Speaker 5: Nobody is popping the champagne quite yet.
• 4:21
  Speaker 3: It's going to take at least three weeks and maybe more.
• 4:26
  Speaker 3: I would love to have this bill on the floor
• 4:29
  Speaker 3: in June that's probably pretty optimistic.
• 4:34
  Speaker 1: Probably pretty optimistic. That kind of statement right there is
• 4:38
  Speaker 1: what crashed the odds over on the Clarityact getting signed
• 4:42
  Speaker 1: into law in twenty twenty six, on poly market dropping
• 4:45
  Speaker 1: down to fifty six percent. Remember this week we were
• 4:48
  Speaker 1: as high as seventy percent. All of a sudden we
• 4:50
  Speaker 1: have crashed down to fifty six after. What we're dealing
• 4:54
  Speaker 1: with right now is this extended issue with not only
• 4:58
  Speaker 1: the banks coming at us hard, but also just the
• 5:00
  Speaker 1: lawmakers starting to put a little bit of a.
• 5:03
  Speaker 2: Pause on this.
• 5:03
  Speaker 1: I don't know what's going on in DC or why
• 5:05
  Speaker 1: there's a situations brewing right now. Are there backroom deals
• 5:09
  Speaker 1: being made with the banks around all of this? That's
• 5:13
  Speaker 1: the concern I have. And remember we are going to
• 5:16
  Speaker 1: need every single vote to get this across the line,
• 5:20
  Speaker 1: especially in the Senate. One thing that nobody is talking
• 5:23
  Speaker 1: about right now, especially around Clarity.
• 5:26
  Speaker 2: Is this race right here.
• 5:27
  Speaker 1: And this is the race with Thomas Massey, who has
• 5:30
  Speaker 1: been ousted of his position, And of course this gets
• 5:34
  Speaker 1: into very intriguing situations. If you look at Massey's performance
• 5:39
  Speaker 1: on crypto, he has pretty much been an advocate across
• 5:42
  Speaker 1: all of our crypto related agendas, and this is one
• 5:47
  Speaker 1: that now will be out. Now does he go out
• 5:50
  Speaker 1: before the crypto vote itself?
• 5:52
  Speaker 2: Who knows.
• 5:53
  Speaker 1: That's the question right now of whether or not he'll
• 5:55
  Speaker 1: be involved in clarity, because remember clarity. If he gets
• 5:58
  Speaker 1: moved in later in the year, also the things could happen,
• 6:01
  Speaker 1: especially if this moves into the next cycle. Let me
• 6:04
  Speaker 1: go to another clip here because this will get into
• 6:06
  Speaker 1: a little bit more detail around Massey and his concession speech.
• 6:10
  Speaker 2: Look it up.
• 6:11
  Speaker 4: They said you'll own nothing and be happy about it.
• 6:14
  Speaker 2: You want to do that?
• 6:20
  Speaker 4: They were saying, Oh my goodness, you know we're ready
• 6:23
  Speaker 4: for war. There's about this. We're about to restart this war.
• 6:26
  Speaker 4: We were supposed to restart this war today. But we
• 6:28
  Speaker 4: can't restart this war today. Then, like it occurred to me,
• 6:32
  Speaker 4: where was the secretary of war yesterday? He was here. Listen,
• 6:37
  Speaker 4: they sent the secretary of war here, and you stopped
• 6:40
  Speaker 4: the war for a day.
• 6:47
  Speaker 2: Knock that off. You're gonna make me feel good about losing.
• 6:51
  Speaker 4: I got seven months left in Congress, so let's take it.
• 6:58
  Speaker 2: Let's break this down a little it. First of all,
• 6:59
  Speaker 2: we've got Massy now.
• 7:01
  Speaker 1: Seven months is his vote now in question on the
• 7:05
  Speaker 1: Clarity Act, does he start to want something so big
• 7:09
  Speaker 1: from the administration that we get into a situation where
• 7:13
  Speaker 1: it could even delay Clarity even further. Remember who endorsed
• 7:18
  Speaker 1: the candidate.
• 7:19
  Speaker 2: That beat him.
• 7:20
  Speaker 1: This is Ed Gallerin or Gallerin. This is the US
• 7:24
  Speaker 1: Chamber which has been behind this. Now there are a
• 7:27
  Speaker 1: lot of people that correlate the US Chamber to the
• 7:31
  Speaker 1: banking industry. Primarily you look at this right here. That's
• 7:35
  Speaker 1: JP Morgan Chase right there, US Chamber. These are all
• 7:39
  Speaker 1: There's an American Bankers Association. These are all part of
• 7:43
  Speaker 1: what they are involved in right now. So they are
• 7:46
  Speaker 1: supporting the lobby groups who are out there getting these
• 7:49
  Speaker 1: candidates into power. Further into that, here's the trade associations
• 7:54
  Speaker 1: for guess who b of a right there? American Bankers
• 7:58
  Speaker 1: Association right down there, guess what US Chamber of Commerce again,
• 8:03
  Speaker 1: So coming in from the banks almost through a back
• 8:06
  Speaker 1: door here of supporting and trying to take out a
• 8:09
  Speaker 1: lot of the proponents of what has been really I
• 8:13
  Speaker 1: think the strength of where crypto is going and that
• 8:15
  Speaker 1: is getting some of these Republicans really locked in and
• 8:18
  Speaker 1: maybe even influencing some of the Democrats. This starts to
• 8:21
  Speaker 1: change the dynamic of how this administration is maybe even
• 8:26
  Speaker 1: looking at crypto and just remember that all of this
• 8:29
  Speaker 1: chaos that was going on during this race actually pulled
• 8:31
  Speaker 1: heccess away from the situation in Iran, which is a
• 8:34
  Speaker 1: good thing. But at the same time, all of this
• 8:37
  Speaker 1: chaos that has been going on overall has been really
• 8:41
  Speaker 1: drilling down into what I think actually maybe the real
• 8:45
  Speaker 1: supporter of the new financial system, and that's in reference
• 8:50
  Speaker 1: to gold. And you look at some of the things
• 8:53
  Speaker 1: that have been happening over the last year and a half.
• 8:56
  Speaker 1: All right, one of the biggest issues is the bitcoin
• 8:59
  Speaker 1: verse gold debate.
• 9:01
  Speaker 2: Well, there's no debate here.
• 9:03
  Speaker 1: Since Trump took office his second term back in January
• 9:08
  Speaker 1: of twenty twenty five, that's where gold has gone from
• 9:11
  Speaker 1: twenty six hundred announce it is now trading at forty
• 9:14
  Speaker 1: five hundred. That's a sixty eight percent increase, Bitcoin down
• 9:19
  Speaker 1: twenty four percent.
• 9:20
  Speaker 2: So is Trump really a digital asset guy or is
• 9:24
  Speaker 2: he really.
• 9:25
  Speaker 1: A secret gold bug From all of the supporters that
• 9:29
  Speaker 1: have been going after this, I don't know. Let me
• 9:32
  Speaker 1: know what you guys think down in the comments. I
• 9:35
  Speaker 1: want to go to a clip though, because this is
• 9:37
  Speaker 1: kind of interesting, this is the World Gold Council CEO
• 9:41
  Speaker 1: talking about bitcoin.
• 9:42
  Speaker 7: Take a look a moment when the Liberation Day was announced,
• 9:48
  Speaker 7: there was a ripple through the market. I've lost loss
• 9:51
  Speaker 7: of trust in the US. Do a loss of trust
• 9:53
  Speaker 7: in the US as an institution? So does a physically
• 9:56
  Speaker 7: backed product appear attractive in snow areas like that? Absolutely?
• 10:02
  Speaker 7: You've noticed in most of the crisis that bitcoin is
• 10:05
  Speaker 7: a very correlated with risk assets in general. I don't
• 10:10
  Speaker 7: think it meant to be that way. Yet, why are
• 10:13
  Speaker 7: you here at a crypto conference exactly? Well, we're trying
• 10:17
  Speaker 7: to address the situation as to why don't gold crypto assets,
• 10:21
  Speaker 7: gold stable coins, gold tokens, Why have they been a disaster,
• 10:25
  Speaker 7: Why have they not worked? They haven't worked? And why
• 10:28
  Speaker 7: is that? And you will have seen the paxos as
• 10:30
  Speaker 7: the tethers, the JP morgans, the hsbcs have all got
• 10:33
  Speaker 7: their own little silos, but they're essentially don't communicate, they
• 10:37
  Speaker 7: don't function. What we're going to create is this platform,
• 10:40
  Speaker 7: and we are creating it with our own money, redemption tokens,
• 10:43
  Speaker 7: collateralized tokens, lending tokens, anything. But it will back into
• 10:47
  Speaker 7: a gold market, standardized, non complex, one single price, simple, cheap,
• 10:52
  Speaker 7: low capital such that it'll be on a par with
• 10:55
  Speaker 7: other asset classes, a crypto use and that's why we're here,
• 11:00
  Speaker 7: going to be doing it during the course of the year.
• 11:01
  Speaker 7: We should have a proof of concept produced by the
• 11:04
  Speaker 7: end of this Year's ambitious, but we should have it done.
• 11:06
  Speaker 7: And we're trying to invite this community to come and
• 11:09
  Speaker 7: play with us and use this platform to build products.
• 11:12
  Speaker 1: What would persuade you to change your mind on the
• 11:15
  Speaker 1: bitcoin to zero view?
• 11:19
  Speaker 7: It's I don't know. I don't know, really, I don't
• 11:25
  Speaker 7: know if there reason was it?
• 11:27
  Speaker 2: Wow?
• 11:27
  Speaker 6: Wow?
• 11:28
  Speaker 3: Ouch?
• 11:30
  Speaker 1: All right, So that was the World Gold Council, And
• 11:32
  Speaker 1: as you can see, there's really no interest in bitcoin,
• 11:36
  Speaker 1: even if you look at you know, projects that they
• 11:38
  Speaker 1: tried to integrate years ago, almost over a decade ago.
• 11:41
  Speaker 1: And this was back in July twenty fourteen where Ripple
• 11:45
  Speaker 1: was allowing the GBI integration. So I think they're interested
• 11:49
  Speaker 1: in blockchain and when you consider that, the opportunity will
• 11:53
  Speaker 1: boil down to a very specific chain that I'll reveal
• 11:56
  Speaker 1: in a second. All right, So let me go to
• 11:57
  Speaker 1: a clip here, because remember the challenges that they have
• 12:01
  Speaker 1: faced has been really around interoperability to other packs. As
• 12:04
  Speaker 1: they've been able to achieve that. That's why we're continuing
• 12:07
  Speaker 1: to see digital goal work.
• 12:08
  Speaker 2: There.
• 12:09
  Speaker 1: Here is one of the members of the Gold Council
• 12:12
  Speaker 1: actually addressing this.
• 12:13
  Speaker 2: Take a look.
• 12:14
  Speaker 6: So I've been playing around with this for a while,
• 12:16
  Speaker 6: so my question is coming from a mixed experience. The
• 12:20
  Speaker 6: question really is interoperability downstream, all the way through the
• 12:23
  Speaker 6: supply chain eventually towards the consumer. That turned out to
• 12:28
  Speaker 6: be a gigantic stumbling block for our program. So I'm
• 12:32
  Speaker 6: sure you guys fixed it.
• 12:33
  Speaker 8: But I think the point on interoperability is crucial because
• 12:38
  Speaker 8: if we can agree on a common language, then getting
• 12:41
  Speaker 8: those systems to speak to get to each other is
• 12:44
  Speaker 8: much easier. But at the moment, there's just not enough
• 12:47
  Speaker 8: of clarity. But would really welcome some more feedback from you.
• 12:50
  Speaker 6: Mark, very happy to share all the experiences from a
• 12:53
  Speaker 6: small supplier to large supplier, to manufacturer to retailer. It's
• 12:58
  Speaker 6: been quite an interesting conversation.
• 13:02
  Speaker 1: All right, man, Spicy take right there of their own
• 13:06
  Speaker 1: members being somewhat facetious about this sarcastic in essence around
• 13:10
  Speaker 1: the idea of interoperability. If you look at tokenized commodities
• 13:15
  Speaker 1: right now, listen, guys, it's pretty much a slam dunk.
• 13:18
  Speaker 1: You can see Eth is winning all the way. It
• 13:21
  Speaker 1: is not even a race right now. And I think
• 13:24
  Speaker 1: this is the thing that goldbugs are going to start
• 13:27
  Speaker 1: to realize. I think eventually all of this is going
• 13:29
  Speaker 1: to be moving onto ETH, and it's really only one
• 13:32
  Speaker 1: step away. Let's think about where bitcoin and where gold
• 13:36
  Speaker 1: is and try to find the common ground, which I
• 13:38
  Speaker 1: think the common ground has boiled around ETH and what
• 13:41
  Speaker 1: Michael Sailor is doing with Stretch if you look at
• 13:44
  Speaker 1: a little bit of his situation, and this is an
• 13:46
  Speaker 1: example of what I'm talking about. We put out a
• 13:49
  Speaker 1: video right there. It was talking about apex and if
• 13:54
  Speaker 1: you guys didn't see it, go back and watch it.
• 13:56
  Speaker 1: Sailor retweeted this mainly because we're talking about this being
• 13:59
  Speaker 1: an opportunity. There is no second base based on the
• 14:02
  Speaker 1: way they're building it right now. That of course gets
• 14:05
  Speaker 1: into one thing. Ethereum continues to bridge the gap here
• 14:08
  Speaker 1: between bitcoin and gold. It's going to be the future
• 14:11
  Speaker 1: when it comes to tokenized commodities and also some of
• 14:14
  Speaker 1: these other assets out there. Let's take a look also,
• 14:18
  Speaker 1: because what does this market look like if they were
• 14:21
  Speaker 1: to make this leap. So when you look at all
• 14:23
  Speaker 1: these gold producers right here, and this is showing productive minds,
• 14:28
  Speaker 1: you can kind of see this is going to open
• 14:30
  Speaker 1: up all of these potential suppliers into the blockchain. We
• 14:35
  Speaker 1: know where commodities are heading, and that, of course, guys,
• 14:39
  Speaker 1: is ethereum. So we're going to keep a close eye
• 14:42
  Speaker 1: on this because all of this is definitely connected to clarity.
• 14:45
  Speaker 1: All of this is connected to this next evolution of
• 14:48
  Speaker 1: financial assets, which Trump seems to be behind.
• 14:52
  Speaker 2: But the question is which horse is he in the
• 14:55
  Speaker 2: race with.
• 15:02
  Speaker 1: If you like this video, hit like and subscribe, drop
• 15:05
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• 15:08
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