Latest / The Paul Barron Crypto Show / Japan Just BLEW PAST the U.S. on Crypto!!🚨While CLARITY Act STALLS!🔥

Transcript

Japan Just BLEW PAST the U.S. on Crypto!!🚨While CLARITY Act STALLS!🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Japan has just sent shockwaves to the crypto industry. Will
• 0:03
  Speaker 1: break it down today because there is a lot to
• 0:05
  Speaker 1: unwrap here in how it affects the United States and
• 0:09
  Speaker 1: the overall global crypto market. Let's just go into it.
• 0:12
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• 1:01
  Speaker 1: to one thing right here. I want to hit on
• 1:02
  Speaker 1: one last point Clarity is in the countdown phase. We
• 1:07
  Speaker 1: are twenty two days away pretty much a no fly
• 1:09
  Speaker 1: zone before midterms, which means that we will have a
• 1:13
  Speaker 1: split House and Senate to try to get this through
• 1:16
  Speaker 1: after if that does even occur. So the challenge is
• 1:19
  Speaker 1: on right now with that Japan is seeing this as
• 1:23
  Speaker 1: a weakness and they have leaped forward. This was a
• 1:26
  Speaker 1: conference that was just held this week. I want to
• 1:29
  Speaker 1: show you something here on the attendees of this conference.
• 1:33
  Speaker 1: First of all, a lot of different countries are residing
• 1:36
  Speaker 1: there in the Pacific RIM, but there you have it.
• 1:39
  Speaker 2: Today.
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  Speaker 1: Taikaachi, who is the Prime Minister of Japan, and pretty
• 1:42
  Speaker 1: much every finance minister in Japan was at this event,
• 1:47
  Speaker 1: including Tom Lee, Hayden Adams. That's UNISWAP and ethereum. All
• 1:52
  Speaker 1: for a very very important reason, and that is major
• 1:55
  Speaker 1: moves and announcements in Japan that are happening. The Japanese
• 1:59
  Speaker 1: Price Minister came in and pledged to strengthen the support
• 2:03
  Speaker 1: for Web three startups. Basically, guys, what they're doing is
• 2:06
  Speaker 1: outflanking Clarity. This support and development of their Web three
• 2:11
  Speaker 1: innovation is going.
• 2:12
  Speaker 2: To leap forward.
• 2:14
  Speaker 1: Japan could become the number one destination for crypto companies.
• 2:18
  Speaker 1: You watch, there's a lot happening here. They built more
• 2:21
  Speaker 1: crypto reregulatory infrastructure in the past three years than G
• 2:24
  Speaker 1: seven has done in a decade. And capital gains rate,
• 2:28
  Speaker 1: remember that they were talking about doing that much longer
• 2:31
  Speaker 1: into the future. No, that's on the deck now, going
• 2:34
  Speaker 1: from a crypto capital gains rate of fifty five percent
• 2:38
  Speaker 1: down to twenty percent.
• 2:40
  Speaker 2: All of this coming.
• 2:41
  Speaker 1: In at Taika Aichi's request, and I think this moves them.
• 2:46
  Speaker 2: Way ahead of most of the US.
• 2:50
  Speaker 1: And other allies out there they're trying to put together
• 2:52
  Speaker 1: because remember MIKA has been doing this but very restrictive
• 2:56
  Speaker 1: in terms of how they do it. Remember all what
• 2:58
  Speaker 1: was it, over three thousand from crypto projects were delisted
• 3:02
  Speaker 1: in the EU because of what was happening in MIKA.
• 3:06
  Speaker 2: Japan is getting into a.
• 3:07
  Speaker 1: Position where they may take pole position. Their upper House
• 3:11
  Speaker 1: Committity has approved a legislation to reclassify Bitcoin and other
• 3:14
  Speaker 1: ETFs that are all happening, and they basically rubber stamped
• 3:18
  Speaker 1: all of this. This was the House Administration going through
• 3:21
  Speaker 1: at the proposal with slash crypto taxes. All of that
• 3:24
  Speaker 1: went through all at the same time that this is
• 3:27
  Speaker 1: going on, and some of those reasons are these announcements
• 3:30
  Speaker 1: that they made at this recent event.
• 3:33
  Speaker 2: One of the big announcements was this one right here.
• 3:35
  Speaker 1: Of course, this is SBI partnering with Salona. You guys
• 3:39
  Speaker 1: will recognize this name. SBI also partnered with Ripple, and
• 3:43
  Speaker 1: I wonder what they're getting ready to do with Ripple.
• 3:45
  Speaker 1: That could be some interesting things because there is a
• 3:48
  Speaker 1: slew of issues that are facing a change, almost a
• 3:52
  Speaker 1: tsunami wave in Japan. They're also launching with that the
• 3:56
  Speaker 1: Japan High Dividend Equity Strategy token, so this will be
• 3:59
  Speaker 1: one that you'll be able to invest in earn interest on.
• 4:03
  Speaker 1: So imagine, Well, first of all, I understand that right
• 4:06
  Speaker 1: now we've got these kinds of entities, the JP Morgan
• 4:10
  Speaker 1: level entities here in the US that are basically fighting
• 4:13
  Speaker 1: us from tooth and nail for banning yields. Here you've
• 4:17
  Speaker 1: got the Japanese supporting it, both from the government level,
• 4:20
  Speaker 1: from the architectural level, and also from the infrastructure side
• 4:24
  Speaker 1: of things. This is a huge hit right now. Japan's
• 4:29
  Speaker 1: largest SDO program now is live on AVAX. Another major announcement,
• 4:33
  Speaker 1: you go over and look at just some of the
• 4:35
  Speaker 1: net inflows. You've seen Avalanche and Salana explode because of
• 4:39
  Speaker 1: what's going on, and you've got this launch of jpysc,
• 4:44
  Speaker 1: which essentially is their stable coin. The initial offering will
• 4:47
  Speaker 1: provide an annualized yield of approximately three percent on a
• 4:50
  Speaker 1: twelve week term, around one to three percent.
• 4:52
  Speaker 2: For regular periods.
• 4:54
  Speaker 1: This is basically a government stable coin that everybody in
• 4:58
  Speaker 1: the japan will be able to get access to. Think
• 5:01
  Speaker 1: about if something like USDC became that type of government
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  Speaker 1: backed stable coin that went out to every bank and
• 5:09
  Speaker 1: you immediately started earning interest on. That's the kind of
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  Speaker 1: impact that this has. So now that they've got a
• 5:15
  Speaker 1: stable coin underway, they need distribution. One of the key
• 5:18
  Speaker 1: ways that you do that is through app launches, and
• 5:21
  Speaker 1: this was the startael app. We've had these guys on before.
• 5:24
  Speaker 1: You guys probably remember Sonium and the discussion we've had
• 5:28
  Speaker 1: with them, but that's a good example. This is the
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  Speaker 1: core of where this is heading in terms of creating
• 5:34
  Speaker 1: real time payment infrastructure that is going to be on
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  Speaker 1: the blockchain and it's going to be tied into the
• 5:40
  Speaker 1: banking infrastructure and every Japanese citizen.
• 5:43
  Speaker 2: So that is huge Sue.
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  Speaker 1: We also announced their deal which is pretty much feeless
• 5:49
  Speaker 1: stable coins and you can kind of see suite of course,
• 5:52
  Speaker 1: and you'll be able to use this with pretty much
• 5:54
  Speaker 1: everything in Japan, buying anything and everything. Think of this
• 5:57
  Speaker 1: as a super app almost like Apple Pay, I guess in.
• 6:00
  Speaker 2: A way, but on the blockchain feeless.
• 6:03
  Speaker 1: Imagine that for the merchants, the kind of savings that
• 6:06
  Speaker 1: they're going to be getting. This was the other announcement
• 6:08
  Speaker 1: right here. This is Circle partner with JCB. This is
• 6:11
  Speaker 1: the kind of the credit card side of what's going
• 6:14
  Speaker 1: on in the Japanese commerce area, and this is now
• 6:18
  Speaker 1: partnered with their merchants. The breakdown on this is pretty interesting,
• 6:22
  Speaker 1: cross border payments, new payment experiences merchants and customers. So
• 6:27
  Speaker 1: merchants starting to do this and this is payments at
• 6:30
  Speaker 1: physical stores in Japan. This is the holy grill. It's
• 6:33
  Speaker 1: what we've been talking about on this channel for a
• 6:34
  Speaker 1: long time. We've kind of pointed to Japan as a
• 6:37
  Speaker 1: center or a potential mecha of where this is going.
• 6:40
  Speaker 1: And it's for one reason. They are moving the regulation
• 6:44
  Speaker 1: at light speed now to get ahead of the US,
• 6:48
  Speaker 1: and they are doing it in a big way because
• 6:51
  Speaker 1: Japanese traders are now doubling down on dollar bets, meaning
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  Speaker 1: this is the most that we have seen shortening the
• 6:58
  Speaker 1: US dollar in the history. This goes all the way
• 7:01
  Speaker 1: back to prior to twenty ten. Guys, we're talking over
• 7:04
  Speaker 1: fifteen years of shorting US Treasury dollars and this is
• 7:09
  Speaker 1: happening now. Maybe they know something. I think this is
• 7:12
  Speaker 1: clear of what we're about to see. One of the
• 7:15
  Speaker 1: things that you have to kind of consider with everything
• 7:17
  Speaker 1: that's happened in Japan, one of the biggest trojan horses
• 7:21
  Speaker 1: is the Japanese IP and you look at the most
• 7:24
  Speaker 1: popular thing within crypto right now is what's happening within
• 7:28
  Speaker 1: the Pokemon collection. For RWA's This is the kind of
• 7:31
  Speaker 1: thing that could explode right there, Jupiter. You can borrow
• 7:34
  Speaker 1: USDC against sealed Pokemon packs on chain guys on chain,
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  Speaker 1: then go out take a loan against it, and then
• 7:42
  Speaker 1: go out and recycle that again. So think about that
• 7:45
  Speaker 1: for a second of what this might mean for RWA.
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  Speaker 2: Collectors all of that. Here's the interesting part.
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  Speaker 1: Robinhood right now won't let you add any RWAs in
• 7:55
  Speaker 1: other words, Pokemon cards to your asset and liabilities, but eventually,
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  Speaker 1: I wonder if they will. If you look at the
• 8:01
  Speaker 1: app within Japan, they're going to allow you to do this,
• 8:05
  Speaker 1: but I think there will be well we know they're
• 8:08
  Speaker 1: going to be restrictions, clear restrictions. If you just look
• 8:11
  Speaker 1: at what's happening right now with Sony. Remember Sony biggest
• 8:14
  Speaker 1: bank partnerships out there. Sony is betting now that physical
• 8:19
  Speaker 1: games are going to be the opportunity here. They're getting
• 8:22
  Speaker 1: ready to nix Blu Ray and of course this means.
• 8:25
  Speaker 2: That you're going to own nothing, guys.
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  Speaker 1: This is all going to be controlled, and that I
• 8:31
  Speaker 1: think is what I'm most concerned about. And if you
• 8:35
  Speaker 1: think about that, look at Sonium's situation right now. Sonium's
• 8:38
  Speaker 1: blockchain now freezes meme coins out. My question is is
• 8:42
  Speaker 1: will there be enough pushback if they're going to control
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  Speaker 1: to this level?
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  Speaker 2: And if there is, what will Japan do. One issue though,
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  Speaker 2: that we need to address is.
• 8:51
  Speaker 1: What's going on right now, and that of course, is
• 8:54
  Speaker 1: that Android is getting locked down in the EU. This
• 8:57
  Speaker 1: is a big deal because it starts to put more
• 9:00
  Speaker 1: more pressure when I say lockdown, meaning more spying, guys,
• 9:03
  Speaker 1: more spying on top of what you're doing on any
• 9:05
  Speaker 1: of your devices. I want to go to a clip
• 9:07
  Speaker 1: real quick because this will explain the kind of threat
• 9:12
  Speaker 1: that we're facing right now.
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  Speaker 3: Take a look, I have an iPhone that I've paid for,
• 9:17
  Speaker 3: but Apple are now restricting what I can do on
• 9:21
  Speaker 3: this phone. UK law requires you to confirm you are
• 9:25
  Speaker 3: an adult to change content restrictions by continuing. Your idea
• 9:29
  Speaker 3: or credit card maybe used to confirm that you are
• 9:32
  Speaker 3: an adult, and they say it's the UK law. Despite
• 9:35
  Speaker 3: what the update suggests, the system is not required by
• 9:38
  Speaker 3: UK law.
• 9:39
  Speaker 1: So as you can see, the privacy issue is not
• 9:42
  Speaker 1: being just put out there from a government restriction side
• 9:46
  Speaker 1: of things. Now it's literally at the level of corporations
• 9:49
  Speaker 1: on what they're going to be able to see and
• 9:51
  Speaker 1: track you on. And I think this is pulling down
• 9:55
  Speaker 1: the privacy advocates into an issue right now. We're starting
• 9:58
  Speaker 1: to see some trends breaking out and one of them
• 10:01
  Speaker 1: is Graphios. If you don't understand what Graphios is, going
• 10:04
  Speaker 1: to a little research. Essentially, it is a replacement for
• 10:07
  Speaker 1: both Android and iOS.
• 10:09
  Speaker 2: Think about any phone that.
• 10:10
  Speaker 1: You have out there today that's probably what you're running
• 10:13
  Speaker 1: is either iOS or Android. This gives you a complete
• 10:17
  Speaker 1: open source device, capable platform to run that is completely private.
• 10:24
  Speaker 1: That I think is why we're seeing this explosion. Cape
• 10:27
  Speaker 1: Mobile is one of the companies that's been out there
• 10:29
  Speaker 1: talking about this for a while.
• 10:31
  Speaker 2: They of course allow it.
• 10:32
  Speaker 1: And these are the devices that are actually available on Graphios.
• 10:36
  Speaker 1: That's right, pixel nine, pixel eight seven, So it's not
• 10:39
  Speaker 1: like these aren't the most advanced products. Point is is
• 10:42
  Speaker 1: that we may see a new evolution that is trending
• 10:45
  Speaker 1: towards something that you and I love dearly, and that
• 10:49
  Speaker 1: is ethereum. And I'll talk about that in a second.
• 10:51
  Speaker 1: But the interest right now this is home assistance, and
• 10:55
  Speaker 1: it's a company that's out there building one that is
• 10:58
  Speaker 1: and we'll talk about what this means. But the issue
• 11:01
  Speaker 1: is privacy. And let me show you this right here.
• 11:04
  Speaker 1: This is what we're talking about, Home Assistant Green. So
• 11:06
  Speaker 1: right now, you have an Alexa, or you have an
• 11:08
  Speaker 1: Apple device, or you have one of these smart devices
• 11:11
  Speaker 1: in your home and you're talking to it. All of
• 11:13
  Speaker 1: that data right now is going into the cloud. This
• 11:16
  Speaker 1: device right here is storing it locally, so it's eliminating
• 11:21
  Speaker 1: all of those kind of scenarios of privacy breaches from
• 11:23
  Speaker 1: your own home.
• 11:24
  Speaker 2: Which is the other problem.
• 11:25
  Speaker 1: I think we may see a privacy wave starting to
• 11:28
  Speaker 1: crack through because we're starting to see companies come up
• 11:31
  Speaker 1: with some pretty significant models. Molorola of course had to
• 11:34
  Speaker 1: go in and actually announce a partnership with Graphene because
• 11:38
  Speaker 1: of the demand. So this might be interesting for Motorola,
• 11:42
  Speaker 1: maybe becoming a relevant, you know, handset maker. Again another
• 11:47
  Speaker 1: tweet right here, Graphinos will remain usable by anyone around
• 11:50
  Speaker 1: the world, and they put out a warning ride here
• 11:53
  Speaker 1: if it can't be sold in a region due to
• 11:55
  Speaker 1: their regulations.
• 11:56
  Speaker 2: Okay, no problem. And that's what they're talking about in
• 11:59
  Speaker 2: terms of what's happening in the EU.
• 12:02
  Speaker 1: Hyundai and Kia they come in and partner with Graphene,
• 12:05
  Speaker 1: saying that's okay, we'll take over here where Volkswagen was saying, no,
• 12:10
  Speaker 1: we won't put this in because of these regulations. So
• 12:12
  Speaker 1: Metallic even kind of hit it right here. They are
• 12:15
  Speaker 1: trying to push chat control through again. And what they're
• 12:18
  Speaker 1: talking about this was in the EU.
• 12:21
  Speaker 2: This is a sixth.
• 12:22
  Speaker 1: Time they tried to force chat control, which lets them
• 12:25
  Speaker 1: scan all your private messages.
• 12:27
  Speaker 2: The Eight Institute.
• 12:28
  Speaker 1: Says they're following the topic and we'll meet with some
• 12:30
  Speaker 1: MPs next week to address this, So that could be
• 12:34
  Speaker 1: pretty big of moving to the Ethereum blockchain for communication.
• 12:38
  Speaker 1: Some interesting points right here. So if you think that
• 12:41
  Speaker 1: this cannot happen here in the US, well that's not
• 12:44
  Speaker 1: necessarily the point. Right Here's a good example Telegram, which
• 12:48
  Speaker 1: I think many of you guys will use and are
• 12:50
  Speaker 1: using US sanctions now are able to control the top
• 12:54
  Speaker 1: level domain. That starts to put a lot of pressure
• 12:57
  Speaker 1: on Telegram. And this is only the beginning, guys. As
• 13:01
  Speaker 1: they start to understand how digital the population is and
• 13:05
  Speaker 1: the overreach they can force into our lives, I think
• 13:08
  Speaker 1: we're going to see a lot more privacy starting to
• 13:10
  Speaker 1: address it. Open AI jumping into it. They're building a
• 13:14
  Speaker 1: device for your home. Would you trust this in your home?
• 13:18
  Speaker 1: Let me know in the comments, yes, open AI or
• 13:21
  Speaker 1: no Open AI. I'm kind of curious what you guys
• 13:24
  Speaker 1: would say, because I think this device is going to
• 13:27
  Speaker 1: be a big deal. Back to that home assistant that
• 13:29
  Speaker 1: I was talking about. We talked about a home assistant
• 13:32
  Speaker 1: green earlier. This is a new foundation, Open Home Foundation,
• 13:36
  Speaker 1: which essentially gets you the ability to plug in any
• 13:39
  Speaker 1: AI that is local, and if you look at it
• 13:42
  Speaker 1: further on really their design, this is what you want
• 13:45
  Speaker 1: right here, local processing, full local processing, full local processing
• 13:50
  Speaker 1: for both home assistant, cloud and also voice and using AI.
• 13:55
  Speaker 1: So everything's pretty much at that point secured with you.
• 13:59
  Speaker 1: I think we will see a massive move on this.
• 14:02
  Speaker 1: And here is the kicker. Remember decades ago there was
• 14:07
  Speaker 1: a project out there called Linux, and Linux never really
• 14:11
  Speaker 1: got the light of day, and now we're starting to
• 14:13
  Speaker 1: see these advancements. Now Lenox is of course launching on Ethereum,
• 14:17
  Speaker 1: and that I think, my friend, is going to be
• 14:20
  Speaker 1: a point where we start to see true privacy and it's.
• 14:24
  Speaker 2: Going to end up on the blockchains.
• 14:25
  Speaker 1: So when you think about all of this, guys, essentially
• 14:28
  Speaker 1: what you've got happening in Japan is they are dictating
• 14:32
  Speaker 1: to the US, MICA as well on what we can
• 14:35
  Speaker 1: and cannot do. And I think that's the point going forward,
• 14:39
  Speaker 1: is if we don't get our flag. Really I think
• 14:42
  Speaker 1: into this industry, and I'm talking about blockchain and the
• 14:45
  Speaker 1: future of crypto, we are essentially at the will of
• 14:49
  Speaker 1: every other country out there that is advancing on this
• 14:52
  Speaker 1: and doing it in ways where they control the privacy
• 14:56
  Speaker 1: and not us.
• 14:56
  Speaker 2: Very interesting times
• 15:04
  Speaker 1: If you like this video, like and subscribe, drop a
• 15:07
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• 15:10
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