Latest / The Paul Barron Crypto Show / Elizabeth Warren Crypto FUD Fails Again🔥Senator Leaves Anti-Crypto Army

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Elizabeth Warren Crypto FUD Fails Again🔥Senator Leaves Anti-Crypto Army · The Paul Barron Crypto Show

• 0:07
  Speaker 1: There's a war waging in crypto today, and of course
• 0:10
  Speaker 1: you guys probably know about this, and this is the
• 0:12
  Speaker 1: anti crypto army that's been in our mess for quite
• 0:16
  Speaker 1: a while. We're going to break it all down for
• 0:17
  Speaker 1: you guys and see what is changing, because there are
• 0:20
  Speaker 1: some changes you don't want to miss it. My name
• 0:22
  Speaker 1: is Paul Baron. Welcome back in the tech path, all right.
• 0:24
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• 1:08
  Speaker 1: A couple other points I want to get to is
• 1:10
  Speaker 1: really some of the actions that have been taken against
• 1:13
  Speaker 1: the crypto industry and in general, I think against really
• 1:17
  Speaker 1: Americans in general. This was a Digital Asset Money Laundering
• 1:21
  Speaker 1: Act of twenty twenty three led by Senator Warren, and
• 1:24
  Speaker 1: Senator Warren pushed this to really kind of control the
• 1:28
  Speaker 1: flow of digital assets outside the United States. Now, most
• 1:32
  Speaker 1: of this, if you're wiring funds and doing certain actions
• 1:35
  Speaker 1: that are financial, you fill out forms in whether it's
• 1:38
  Speaker 1: bank forms, swift forms, all those kind of things for wires,
• 1:43
  Speaker 1: especially above the ten thousand dollars acts. I was our amount,
• 1:46
  Speaker 1: so I wasn't too secure or concerned about this. But
• 1:49
  Speaker 1: what is happening is this is starting to get into
• 1:52
  Speaker 1: some pretty crazy areas in terms of really controlling how
• 1:57
  Speaker 1: money flows, especially around digital assets. All right, So on
• 1:59
  Speaker 1: another note right here, this of course is a Centate
• 2:01
  Speaker 1: Banking committee. You look at kind of the list of
• 2:04
  Speaker 1: people that are on it, and of course Senator Warren
• 2:06
  Speaker 1: the number one controller of what's happening over in the
• 2:10
  Speaker 1: Banking Committee itself. Now, I want to go to a
• 2:11
  Speaker 1: clip real quick because this will get into some detail
• 2:14
  Speaker 1: around some of the things that are happening within this.
• 2:17
  Speaker 1: And this is a Senate Banking hearing that they continue
• 2:21
  Speaker 1: to fud on crypto and the statements here are pretty crazy,
• 2:25
  Speaker 1: so listen it.
• 2:26
  Speaker 2: These mines are actually warehouses stuffed with computers that process
• 2:32
  Speaker 2: crypto transactions and produce new crypto tokens that round, they're hot,
• 2:38
  Speaker 2: and they suck up a ton of electricity which can
• 2:42
  Speaker 2: crash the power grid. According to a blockchain analytics firm, today,
• 2:48
  Speaker 2: one third of crypto mining facilities in the US are
• 2:53
  Speaker 2: owned by citizens of the People's Republic of China. So
• 2:57
  Speaker 2: you oversaw the investigation and into Mine one and told
• 3:02
  Speaker 2: the President that the divestment was essential. Mine one was
• 3:07
  Speaker 2: located one mile from a strategic missile base. So I
• 3:11
  Speaker 2: want to ask you, could the equipment inside that crypto
• 3:14
  Speaker 2: mind have been used to spy on our military operations
• 3:19
  Speaker 2: and our nuclear weapons system.
• 3:22
  Speaker 3: There is a generalized concern that sophisticated equipment in proximity
• 3:27
  Speaker 3: to sensitive facilities can be used for espionage.
• 3:29
  Speaker 2: Okay, so can be used for espionage.
• 3:35
  Speaker 1: They understand what miners are, right, GPUs, these are not
• 3:39
  Speaker 1: necessarily processing equipment that I think would go in that direction.
• 3:44
  Speaker 1: That's a big reach, I feel, and I think the
• 3:47
  Speaker 1: fact that we see this kind of connection is pretty staggering.
• 3:50
  Speaker 1: I want to go to this next clip because this
• 3:52
  Speaker 1: goes into kind of the whole talking points that are
• 3:55
  Speaker 1: driven into the crypto industry that I think are really
• 3:58
  Speaker 1: misleading and maybe not giving the correct education to our lawmakers.
• 4:03
  Speaker 1: Take a look.
• 4:04
  Speaker 2: But it isn't the only risk. Foreign owned crypto minds
• 4:08
  Speaker 2: also threaten our energy grid? Could that threaten our National
• 4:12
  Speaker 2: Security Center?
• 4:14
  Speaker 3: Of course, an impact on our energy sector, our energy resources,
• 4:19
  Speaker 3: our energy supply chain could very much have an ascrete impact.
• 4:24
  Speaker 2: It is time for us to pass the laws that
• 4:27
  Speaker 2: Treasury needs.
• 4:28
  Speaker 1: Okay, all right, So this has so many holes in
• 4:31
  Speaker 1: it and I don't know where to start. I mean, listen, guys,
• 4:33
  Speaker 1: there's many things that can affect the electrical grid. Mining
• 4:36
  Speaker 1: is not necessarily one of them. Since the idea for
• 4:39
  Speaker 1: a miner is to get to zero cost. His goal
• 4:43
  Speaker 1: is to reduce the amount of energy and do it
• 4:47
  Speaker 1: in a way that is clean. So I think this
• 4:50
  Speaker 1: completely gets eliminated in any kind of argument if people
• 4:53
  Speaker 1: are just educated around this topic. All right, So here's
• 4:56
  Speaker 1: clean Spark who acquired the mining size she's referencing in Wyoming,
• 5:00
  Speaker 1: A clean Spark of course, well known out there. The
• 5:02
  Speaker 1: company plans to deploy a combination of S one and
• 5:06
  Speaker 1: two's really to kind of go in for more efficient.
• 5:09
  Speaker 1: Again back to the point of efficient bitcoin mining. All
• 5:12
  Speaker 1: of this is happening to reduce the cost of doing that. Now, granted,
• 5:16
  Speaker 1: clean Spark us company, all of this is tied into
• 5:19
  Speaker 1: I think the future of where bitcoin mining is going
• 5:21
  Speaker 1: to be going. Now, I want to go into the
• 5:23
  Speaker 1: clip from clean Spark explaining this. Take a look.
• 5:27
  Speaker 4: Immersion cooling is one of the most efficient ways to
• 5:29
  Speaker 4: cool high performance computers. It helps extend the life of
• 5:32
  Speaker 4: the machine while also reducing e waste. Immersion cooling is
• 5:35
  Speaker 4: the act of removing heat from a heat generating electronic
• 5:38
  Speaker 4: component by submerging it and fluid. First, we remove the
• 5:41
  Speaker 4: fans so the liquid can flow unimpeded through the machine,
• 5:44
  Speaker 4: reliably eliminating most of the operating noise and failure points
• 5:48
  Speaker 4: within the device. The machines are then strategically placed into
• 5:51
  Speaker 4: specialized tanks. The miners are submerged in a single phase
• 5:54
  Speaker 4: hydrocarbon oil. This oil is non corrosive, non flammable, in
• 5:58
  Speaker 4: ozone safe depending on the environment. The liquid has a
• 6:02
  Speaker 4: usable life of five to seven years. The result, we
• 6:05
  Speaker 4: can use fewer machines while still maintaining our output. In
• 6:09
  Speaker 4: other words, we can produce more bitcoin with fewer resources.
• 6:14
  Speaker 1: All right, So what that tells me, guys, is that
• 6:17
  Speaker 1: America is leading an innovation. Imagine if we need to
• 6:20
  Speaker 1: do that in the race for AI. All right, So
• 6:23
  Speaker 1: remember Elizabeth Warren source information from this company. This is
• 6:27
  Speaker 1: their website. This These are the intelligence reports that we're
• 6:31
  Speaker 1: seeing on hamas. Remember that has been debunked by chain
• 6:34
  Speaker 1: analysis wob binance. You see all these recognizable names within
• 6:39
  Speaker 1: even tether and their role in illegal activities. The point
• 6:44
  Speaker 1: is is that this is a company that is clearly
• 6:47
  Speaker 1: set up to target the industry. This is something that
• 6:50
  Speaker 1: happens in DC quite a bit. In other words, you
• 6:52
  Speaker 1: prop up a research firm, you support that research firm,
• 6:55
  Speaker 1: then you give it a media arm. And the media
• 6:58
  Speaker 1: arm is clear right here, the media coverage right here,
• 7:01
  Speaker 1: as they're tied into all things everything from BlockWorks to axios,
• 7:05
  Speaker 1: et cetera. And the flow is real. I mean once
• 7:08
  Speaker 1: that you establish some sort of report and it looks authentic,
• 7:11
  Speaker 1: it looks like it has some capacity, then you can
• 7:14
  Speaker 1: easily roll that out into a media campaign and control
• 7:19
  Speaker 1: the narrative. This is the point control the narrative. Now
• 7:22
  Speaker 1: Here is one of the representatives, the CEO from INCA
• 7:25
  Speaker 1: Digital admitting to this.
• 7:27
  Speaker 5: Take a look like maybe this is a little quippie,
• 7:30
  Speaker 5: But I'm not anti crypto, right, I'm just like anti
• 7:33
  Speaker 5: stealing people's money.
• 7:34
  Speaker 3: Yeah, right.
• 7:35
  Speaker 5: So, like, if you go on our website, you'll see
• 7:38
  Speaker 5: some reports which I know that you've seen right where
• 7:41
  Speaker 5: we call out specific exchanges with every single one of
• 7:44
  Speaker 5: those reports. We always reach out to the subject subjects
• 7:49
  Speaker 5: of those reports first, and in some cases it's me
• 7:53
  Speaker 5: literally begging them to take a phone call and I'm like, hey,
• 7:59
  Speaker 5: we see that you're services to sanctioned Russian banks. Here's
• 8:02
  Speaker 5: the data. Can we talk now. Obviously, like a little
• 8:06
  Speaker 5: bit of this is like I want to sell them services. Honestly,
• 8:09
  Speaker 5: if they just said like, okay, we're not going to
• 8:11
  Speaker 5: buy any of your shit, Inca. But you know, I
• 8:12
  Speaker 5: see what happens. So like you're saying, guys, FYI like
• 8:15
  Speaker 5: you need help like preventing this. Yeah, yeah, sometimes right
• 8:17
  Speaker 5: then I'm like, okay, well, I guess I'm going public
• 8:20
  Speaker 5: with it. Then I guess you're criminals. Basically we're the
• 8:23
  Speaker 5: ones that are doing it, right. We are selling this
• 8:25
  Speaker 5: data to the government. We also sell this data, the
• 8:27
  Speaker 5: majority of it, to anybody else that wants to buy it, right, Okay.
• 8:32
  Speaker 1: So I don't understand if you if you have the
• 8:35
  Speaker 1: data it was so called data, and then you offer
• 8:37
  Speaker 1: the solution to someone and if they don't engage with you,
• 8:41
  Speaker 1: you reveal the data. So essentially you're kind of holding
• 8:44
  Speaker 1: them hostage or blackmailing them in some sort of sense
• 8:47
  Speaker 1: that I think is the problem here. And of course
• 8:49
  Speaker 1: you get into things like, well, just the definition of blackmail.
• 8:52
  Speaker 1: It can be considered whether it's a crime, regardless whether
• 8:55
  Speaker 1: it's true or not. So whether this accurate information is
• 8:59
  Speaker 1: there by this company or not. The fact that they
• 9:03
  Speaker 1: can actually go out and do this is very very suspect.
• 9:07
  Speaker 1: So the good news is that there's actually some lawmakers
• 9:10
  Speaker 1: that are starting to read between the lines and understand, hey,
• 9:13
  Speaker 1: this is kind of scammy and probably is not real.
• 9:16
  Speaker 1: And of course if you look at the co sponsors
• 9:19
  Speaker 1: of this, I'll zoom in on this. So you guys
• 9:21
  Speaker 1: can get some of these names, if they're in your district,
• 9:23
  Speaker 1: should let them know, reach out to them, let them
• 9:25
  Speaker 1: know what your position on it. Right now, the good
• 9:27
  Speaker 1: thing is is that Senator Marshall, Roger Marshall out of Kansas,
• 9:31
  Speaker 1: a Republican, has left the committee, so he's withdrawn from that.
• 9:36
  Speaker 1: This is a big deal because it starts to set
• 9:38
  Speaker 1: the tone I think for a lot of people, and
• 9:41
  Speaker 1: we're starting to see this more and more in DC,
• 9:43
  Speaker 1: especially with all the lobbyists and the efforts that we've
• 9:46
  Speaker 1: seen within the group out there. So nothing more inspiring
• 9:49
  Speaker 1: crypto policy members update their priors on crypto. This is,
• 9:52
  Speaker 1: of course, is Roger Marshall coming out and getting out
• 9:55
  Speaker 1: of this, So kudos to you, Senator Marshall. Great to
• 9:59
  Speaker 1: see people will actually wait waking up to it now.
• 10:02
  Speaker 1: He of course now on the standard crypto side, is
• 10:05
  Speaker 1: now in a position where he is supporting crypto. So
• 10:09
  Speaker 1: I think we're going to see a lot more of
• 10:10
  Speaker 1: this in DC where people are starting to understand there's
• 10:14
  Speaker 1: a narrative here, So I want to go to this
• 10:15
  Speaker 1: next clip, and the next clip is a little bit
• 10:18
  Speaker 1: more on John Deaton because he is going head to
• 10:20
  Speaker 1: head with Senator Warren. Listen it.
• 10:24
  Speaker 6: Why say such stupid things? People will see, people will
• 10:27
  Speaker 6: clip those statements and just post about them and debunk them.
• 10:31
  Speaker 6: She's harming herself. I think her image's diminishing in people's eyes.
• 10:34
  Speaker 6: Why would a smart woman like be doing this? Is
• 10:36
  Speaker 6: there any pressure? Outside? Pressure is a strategy? I'm not seeing.
• 10:39
  Speaker 5: Well.
• 10:39
  Speaker 7: She is a smart woman, and she knows that she's
• 10:42
  Speaker 7: not telling the truth. She knows that bitcoin is not
• 10:47
  Speaker 7: used for the purposes that she's saying it is to
• 10:50
  Speaker 7: the extent that she is. If you remember when she
• 10:52
  Speaker 7: announced her reelection for a third term, she actually brought
• 10:56
  Speaker 7: up crypto. Right. She didn't bring up illegal immigration, she
• 10:59
  Speaker 7: didn't bring up debt crisis, she didn't bring up opioate addiction.
• 11:02
  Speaker 7: She brought up crypto. I'm building an anti crypto army.
• 11:05
  Speaker 7: And I literally was scratching my head. I hadn't gotten
• 11:08
  Speaker 7: in the race, and I'm like, why why is she?
• 11:10
  Speaker 7: Folcus on that could not figure it out until she
• 11:12
  Speaker 7: went on Meet the Press with Chuck Todd and said
• 11:16
  Speaker 7: the following.
• 11:18
  Speaker 2: But in that case, let's do a central bank digital currency.
• 11:21
  Speaker 2: Are you there, oh, for a central bank digital currency?
• 11:24
  Speaker 3: Yes?
• 11:24
  Speaker 2: I think it's time.
• 11:26
  Speaker 7: And then the light went Officer Ah. Now Georgia Orwell
• 11:29
  Speaker 7: is spinning in his grave. The first day I announced,
• 11:33
  Speaker 7: she started tweeting about me. She's been sending multiple emails
• 11:36
  Speaker 7: about me. She uttered, my name, we'll Saint Patrick's Day,
• 11:39
  Speaker 7: making a joke about my book.
• 11:41
  Speaker 2: So here is my national political joke. This is what's
• 11:45
  Speaker 2: great though about Saint Patrick's Day is how everyone celebrates it,
• 11:50
  Speaker 2: whether you're Boston's own Nick Collins or Rhode Island zone
• 11:55
  Speaker 2: John Deaton.
• 11:58
  Speaker 7: Why did Elizabeth Warren call me an extreme mag of
• 12:04
  Speaker 7: Republican who has been recruited to run against her? So
• 12:09
  Speaker 7: she said, yes, that's a direct quote. So I believe
• 12:13
  Speaker 7: she sat down on her team intentionally trying to fuel people,
• 12:18
  Speaker 7: misleading them lying about me. Right, my daughter, my ex wife,
• 12:24
  Speaker 7: just threw a fundraiser for me. She's a Biden supporter.
• 12:27
  Speaker 7: They called me upset. My daughter Jordan, who's in a
• 12:31
  Speaker 7: room with us, They were upset, like, why is she
• 12:34
  Speaker 7: calling you an extremist? My god, you've been a Democrat,
• 12:37
  Speaker 7: an independent, and Republican. You're like the most non partisan
• 12:40
  Speaker 7: person ever did. And it's to answer your question, I'm
• 12:44
  Speaker 7: going to fuel people. I'm gonna lie about this guy
• 12:47
  Speaker 7: because he's a threat and I want to stay in park.
• 12:50
  Speaker 7: One of the first bills I'm going to write, Mario
• 12:52
  Speaker 7: is for term limits. You get twelve years to go
• 12:55
  Speaker 7: to Washington, d C. To be a senator. If you
• 12:57
  Speaker 7: can't help bring change in more than a decade, it
• 13:00
  Speaker 7: is time for you to leave and let someone else.
• 13:02
  Speaker 7: If term limits don't become law, then I will not
• 13:06
  Speaker 7: run for a third term.
• 13:09
  Speaker 1: All right, So full disclosure. John Deane's been on our
• 13:11
  Speaker 1: channel before many times. In fact, he was pretty much
• 13:15
  Speaker 1: a political analyst with us, not you know program, And
• 13:19
  Speaker 1: I think with John, the one thing you have to
• 13:21
  Speaker 1: understand is I do believe he is a guy for crypto.
• 13:25
  Speaker 1: So the good thing is is I don't know. You know,
• 13:28
  Speaker 1: with all politicians, I'm always questioning everything. So go check
• 13:32
  Speaker 1: it out. Just go over to John Deaton for Senate
• 13:33
  Speaker 1: right there. You guys can of course support him, you
• 13:36
  Speaker 1: can donate, you can add crypto to it, all sorts
• 13:39
  Speaker 1: of things over there and This is really the step
• 13:42
  Speaker 1: that everybody out there needs to take today, and that
• 13:45
  Speaker 1: is if you're not planning to vote, whether it's for
• 13:48
  Speaker 1: a Senate position or if it is for the president,
• 13:52
  Speaker 1: you guys got to do it. Everybody's got to get
• 13:54
  Speaker 1: out there and do it. I just say, get out
• 13:56
  Speaker 1: and vote what'chever candidate you like. But the point is
• 13:58
  Speaker 1: get out there and make your voice heard. Hopefully that
• 14:00
  Speaker 1: will help you guys out listen. If you're not part
• 14:02
  Speaker 1: of the Diamond Circle, make sure and get in on that.
• 14:04
  Speaker 1: It is our own private member group where you can
• 14:06
  Speaker 1: additional content. We do all sorts of stuff over there
• 14:09
  Speaker 1: that is not over here on the YouTube channel, including
• 14:12
  Speaker 1: we have a community much like a Reddit or a discord.
• 14:16
  Speaker 1: You guys can of course jump in talk with me.
• 14:18
  Speaker 1: We also have a private member group as well. Use
• 14:20
  Speaker 1: the link down below. It's very easy to join, and
• 14:23
  Speaker 1: of course, if you're not following me on X do that.
• 14:24
  Speaker 1: It's at Paul Baron. We'll catch you next time right
• 14:26
  Speaker 1: here on Techpath