Latest / The Paul Barron Crypto Show / CLARITY Week Countdown!🚨Trump Urges Senate To Pass NOW!🚨

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CLARITY Week Countdown!🚨Trump Urges Senate To Pass NOW!🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Clarity Out Countdown Week is underway today. We'll break it
• 0:03
  Speaker 1: down for you. There's a lot happening that you guys
• 0:04
  Speaker 1: will want to pay close attention to today. I want
• 0:07
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  Speaker 1: in just a few taps. Let's start over this tweet
• 1:01
  Speaker 1: right here. This, of course, is coming in from President
• 1:03
  Speaker 1: Trump in honor of Senator Lindsey Graham, a big supporter
• 1:06
  Speaker 1: of a big supporter. The US Senate should pass the
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  Speaker 1: Clarity Act. China and many other countries would like to
• 1:12
  Speaker 1: take complete control and total control of this major financial
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  Speaker 1: happening as well as Ai, where we are leading now,
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  Speaker 1: but where they are fighting hard. Don't let China win
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  Speaker 1: on either subject, President Donald J. Trump. So there you have.
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  Speaker 1: This is the first time that we've really seen him
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  Speaker 1: get behind Clarity. Maybe this is another support mechanism of
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  Speaker 1: him going into the front of the line and getting
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  Speaker 1: some of the people that are on the hump to
• 1:40
  Speaker 1: go ahead and vote for this. But you've got it
• 1:42
  Speaker 1: right here. Twenty four days, five hours before this is
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  Speaker 1: pretty much over for Clarity not going through. Even though
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  Speaker 1: twenty four days you feel like that's hey, that's almost
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  Speaker 1: a month pault, the reality is is there's only a
• 1:55
  Speaker 1: handful of days that are in there. So this is
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  Speaker 1: a very critical week for already. Patrick Witt, of course,
• 2:01
  Speaker 1: is out there pushing this as well. I want to
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  Speaker 1: go to this right here. This shows you the layout
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  Speaker 1: of what would potentially happen if the Senate passed This
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  Speaker 1: is what happened in Genius Act. The Senate passed it
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  Speaker 1: in June seventeenth, this was last year. Thirty days later
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  Speaker 1: the House passes it, and then immediately right after that,
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  Speaker 1: July eighteenth, Trump signed that, so just one day. The
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  Speaker 1: key here is if the House does not have to
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  Speaker 1: go back and relook at this. So if there's material
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  Speaker 1: difference between what the Senate comes out with and what
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  Speaker 1: the House sent to them, then you could potentially get
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  Speaker 1: a delay in there. But it looks as though this
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  Speaker 1: could really get done if they allow it. If you
• 2:43
  Speaker 1: go over and look at the calendar, here we are
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  Speaker 1: in July today being the thirteenth, right there, Monday this
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  Speaker 1: week is the critical week they're talking about. Then you've
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  Speaker 1: got next week and the following that pretty much puts
• 2:55
  Speaker 1: you down to the wire. August seventh is kind of
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  Speaker 1: the last day, and that is the question mark right now,
• 3:01
  Speaker 1: because September, the likelihood is there already out campaigning, and
• 3:05
  Speaker 1: of course we know nothing's happening in October. They're not
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  Speaker 1: in session. November is when midterms occur. So there you
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  Speaker 1: have it, guys. We are literally down to the wire,
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  Speaker 1: and that is the real situation right now. One of
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  Speaker 1: the big milestones that will happen this week is if
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  Speaker 1: they drop the text. If this gets delayed, then that's
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  Speaker 1: a problem. Everybody's awaiting the updated legislative texts, merging the
• 3:27
  Speaker 1: Senate Banking and Senate Agricultural Committee versions of the bill.
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  Speaker 1: This is again what the House will go back and
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  Speaker 1: look at. If there's not a lot of differences, and
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  Speaker 1: they like what they see, and it goes to the
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  Speaker 1: Senate and passes, then the House would pretty much rubber
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  Speaker 1: stamp this and you've got Trump right on the heels
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  Speaker 1: of being able to sign this. One other point, even
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  Speaker 1: though this issue I want to go over in a second,
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  Speaker 1: but the other issue is ethics. They have not reached
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  Speaker 1: anything that we know of. Maybe there's some backroom deals,
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  Speaker 1: but nothing that we know of that has really addressed
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  Speaker 1: the ethics issue, which we believe is going to be
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  Speaker 1: the most critical thing to get this three. The other
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  Speaker 1: thing that's complicating matters right here is the death of
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  Speaker 1: Senator Lindsey Graham and coupled with the continued absence of
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  Speaker 1: Mitch McConnell. Is he going to vote or not going
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  Speaker 1: to vote? Both these Republicans are a problem because if
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  Speaker 1: they now are really in a position where if you
• 4:16
  Speaker 1: lose those two votes, you've got to be able to
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  Speaker 1: recover those And that is another factor, because it's already
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  Speaker 1: a big issue of being able to get enough votes
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  Speaker 1: to reach the sixty vote threshold. So that is a
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  Speaker 1: big deal. There is a hearing coming up in the
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  Speaker 1: House building the Future of Finance, how Clarity Act unlocks innovation.
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  Speaker 1: This is happening July seventeenth. Maybe that's a good sign.
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  Speaker 1: And then, of course it's been a while since we
• 4:40
  Speaker 1: talked about choke point two ponent. I wonder if they're
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  Speaker 1: going to be talking about it then, because remember all
• 4:46
  Speaker 1: of this choke point problem that we dealt with. Well,
• 4:48
  Speaker 1: now the courts are now starting to divvy out damages.
• 4:53
  Speaker 1: Kraken got twenty two million dollars in awards. You know
• 4:57
  Speaker 1: who pays this, right, it's the federal government pays this
• 5:00
  Speaker 1: because of the actions of the ICC. That's you and
• 5:02
  Speaker 1: I paying those kinds of fees. So let's jump over
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  Speaker 1: a course to the biggest proponent, and that is Cynthia Lummis.
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  Speaker 1: She is out there tweeting constantly and pushing almost one
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  Speaker 1: a day in terms of promoting the Clarity Act and
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  Speaker 1: getting it done, and that is something I think that
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  Speaker 1: will continue to push at least people that are on
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  Speaker 1: the fence maybe to a position of yes, let me
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  Speaker 1: think about voting for this. But I think this is
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  Speaker 1: still a very very close issue. Remember though, midterms happening
• 5:34
  Speaker 1: right now, that's what everybody's up against. You've got this
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  Speaker 1: massive fundraiser going on in some states. One of them
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  Speaker 1: is the one in Dallas, which will be at the RNC.
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  Speaker 1: That's September ninth through tenth in Dallas. So as you
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  Speaker 1: can see, this is pretty much over if we do
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  Speaker 1: not get this done in August. Big deal. Another thing
• 5:51
  Speaker 1: that you kind of have to consider is corruption always wins, guys,
• 5:56
  Speaker 1: it always wins. And this is jillibrandt Senator Jill Brand's son.
• 6:00
  Speaker 1: He's twenty two years old. He's getting ready to launch
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  Speaker 1: his own financial exchange. And guess who's back in him. Well,
• 6:07
  Speaker 1: you got Chris Larson there, you got John Griffin, Mark
• 6:10
  Speaker 1: or Mark ein all our angel investors. So there is
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  Speaker 1: a lot of I think importance on the line in
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  Speaker 1: terms of even the people that are in our government
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  Speaker 1: now because of special interest down to the level of
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  Speaker 1: their own family members. So this is going far beyond
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  Speaker 1: even just what's happening with the Trump family. So what
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  Speaker 1: could stop this? Let's take a look at it, because
• 6:33
  Speaker 1: right now it's pretty much anything you've got Zach coming
• 6:36
  Speaker 1: over from Gray Scale saying this. It's not one thing,
• 6:39
  Speaker 1: it's another strategy, not buy or sell. This is July
• 6:42
  Speaker 1: sixth to twelfth. That's a problem Trump. We're taking over
• 6:45
  Speaker 1: the straight you've got that. That's another problem. Point is
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  Speaker 1: there's a lot of issues that are facing not only
• 6:52
  Speaker 1: the crypto community, and clarity is just one of them.
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  Speaker 1: So if we don't get clarity, what could potentially happen? Well,
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  Speaker 1: the SEC is going to take the lead. You've got
• 7:01
  Speaker 1: them hitting it right here. This is an interesting point too.
• 7:04
  Speaker 1: Transfer agents. This is a group for the transfer agents
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  Speaker 1: that are urging the SEC to favor issuer sponsored token
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  Speaker 1: token I shares, and the way they're asking it is
• 7:14
  Speaker 1: right here, should receive preferential treatment under future rules. So
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  Speaker 1: that tells you right there why we need clarity. The
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  Speaker 1: SEC is going to get into a position where they
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  Speaker 1: can kind of dictate the rules. We've seen that before
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  Speaker 1: and we didn't like it. The other thing that will
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  Speaker 1: happen is the banks are going to continue to put
• 7:32
  Speaker 1: pressure on it, especially around stable coin yields. And you've
• 7:35
  Speaker 1: got all of these earnings calls happening this week. We're
• 7:39
  Speaker 1: going to listen to them all, guys, because there's going
• 7:41
  Speaker 1: to be some hidden gems in here. I just know it.
• 7:44
  Speaker 1: There is a lot happening this week, including even on Wednesday,
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  Speaker 1: quite a bit more and Stanley Blackrock. All of this
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  Speaker 1: could be at the very cusp of maybe breaking open
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  Speaker 1: the clarity at its complete And what I mean by
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  Speaker 1: that is is the banks may have a strategy of
• 8:02
  Speaker 1: their last ditch effort that would happen this week and
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  Speaker 1: maybe next maybe uncovering in these files. So we'll see
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  Speaker 1: if that actually gets in there. One of the things
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  Speaker 1: they probably will be talking about is of course Circle,
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  Speaker 1: and that will be on their high agenda because remember
• 8:19
  Speaker 1: Circle has received their final occ approval to establish Circle
• 8:22
  Speaker 1: National Trust. You've got that with Ripple, You've got that
• 8:25
  Speaker 1: with Robin, You've got it pretty much with every major
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  Speaker 1: entity out there that's competing against the banks. So the
• 8:31
  Speaker 1: reality is real and it's going to happen. The other
• 8:34
  Speaker 1: thing that is happening right now is Robinhood has actually
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  Speaker 1: had to go in and build an alternative mechanism because
• 8:41
  Speaker 1: we can't have nice things yet. And what I'm talking
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  Speaker 1: about is we can't build a token is stock engine
• 8:46
  Speaker 1: within Robinhood until we have clarity. So what do they do.
• 8:50
  Speaker 1: They go out and put the Robinhood chain and what
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  Speaker 1: happens mean coins takeover. So this is the kind of
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  Speaker 1: issue that the markets will find a way, whether we
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  Speaker 1: like it or not. The markets will find a way
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  Speaker 1: and eventually we will be competing against other countries and
• 9:05
  Speaker 1: we will be competing I think against maybe other sectors
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  Speaker 1: entirely if we don't get clarity through. So a lot
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  Speaker 1: of pressure on the line this week. Make sure and
• 9:14
  Speaker 1: stay tuned for all of what's going to happen. If
• 9:23
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• 9:26
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• 9:29
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