Latest / The Paul Barron Crypto Show / CLARITY Crunch Time🚨Yield Fight Settled?

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CLARITY Crunch Time🚨Yield Fight Settled? · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Clarity. Crunch time is here and it is a big week.
• 0:03
  Speaker 1: Ask promise we're gonna be breaking it all down for
• 0:05
  Speaker 1: you a quick Friday release. Let's get started. I do
• 0:08
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• 0:30
  Speaker 1: get you guys out there all right, So just think
• 0:32
  Speaker 1: a look at this tweet here coming from nic over
• 0:35
  Speaker 1: at Coombureau. And we talked about this earlier in the week,
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  Speaker 1: but if you remember in some of our videos we've
• 0:40
  Speaker 1: kind of broken down. The end of the week was
• 0:43
  Speaker 1: the key time and Tim Scott expected all of this
• 0:47
  Speaker 1: to happen today and after the Cenate Republican meeting. These
• 0:51
  Speaker 1: are some of the things that came out of this
• 0:52
  Speaker 1: with Eleanor breaking it down. I think some major light bulbs,
• 0:56
  Speaker 1: This was being said by Senator Lummus. Major light bulbs
• 0:59
  Speaker 1: were switched on during the meeting, and also she mentions
• 1:03
  Speaker 1: that it happened with people she would not have expected
• 1:06
  Speaker 1: it to encounter when she walked in the room, So huh,
• 1:09
  Speaker 1: interesting people there for sure. Now, Patrick Witt emerged from
• 1:13
  Speaker 1: the meeting looking a little frustrated, so no comment. Also
• 1:18
  Speaker 1: Tim Scott emerged smiling, but you know he's always smiling,
• 1:22
  Speaker 1: but he did decline to comment. I don't know if
• 1:24
  Speaker 1: we've got a deal or not. But it's Friday, and
• 1:29
  Speaker 1: you know what happens on Fridays, guys. We always get
• 1:31
  Speaker 1: that late minute drop coming in out of the blue
• 1:36
  Speaker 1: when liquidity is low. You know what happens. So could
• 1:39
  Speaker 1: be some trades going on eleanor went on right here,
• 1:42
  Speaker 1: and this is a good example of that. The White
• 1:44
  Speaker 1: House Council of Economic Advisors now has a study examining
• 1:48
  Speaker 1: stable coin yield and its potential impact on deposit flight.
• 1:53
  Speaker 1: And basically what the study says is there's no potential
• 1:56
  Speaker 1: deposit flight. So they've been holding this or if they've
• 1:58
  Speaker 1: had it, or they just presented it showing the banks
• 2:02
  Speaker 1: that there's no deposit flight here. So all of this
• 2:05
  Speaker 1: time you've been crying and complaining about deposit flight and
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  Speaker 1: in fact, the data shows otherwise, that shows you how
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  Speaker 1: much BS was being presented from that banking summit, the
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  Speaker 1: yield summit that we presented earlier in the week. If
• 2:20
  Speaker 1: you guys remember, go watch that video the things they
• 2:22
  Speaker 1: said in that meeting. The other thing you got to
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  Speaker 1: look at is that this occurred, and this is where
• 2:29
  Speaker 1: Republicans were considering adding a bank deregulatory provision to the
• 2:33
  Speaker 1: housing package that got a pushback. Now what we're dealing
• 2:37
  Speaker 1: with right here from Politico is that that portion of
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  Speaker 1: it has been guess where, moved over to adding it
• 2:44
  Speaker 1: to the crypto bill. So what it boils down to
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  Speaker 1: illustrates to the market Structure bill, a long time priority
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  Speaker 1: for the House, could be used as leverage to get
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  Speaker 1: House Republicans to accept the Senate's housing legislation that came
• 3:01
  Speaker 1: from John Kennedy right there. So I don't like stuff
• 3:05
  Speaker 1: being added to these bills. It should be taken away,
• 3:09
  Speaker 1: taking stuff away. But this, I don't know if this
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  Speaker 1: is something. And again we tried to do some research
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  Speaker 1: on this to find out what kind of regulatory elements
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  Speaker 1: were there. It's it's like dark, there's no real explanation
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  Speaker 1: of what it is, so I want to know what
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  Speaker 1: that means, because we may have a crypto bill that
• 3:26
  Speaker 1: is going to be having that in it. Here is
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  Speaker 1: Eleanor hitting it again. We're ninety nine percent of the
• 3:31
  Speaker 1: of the of the way, they're on stable quin yields
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  Speaker 1: and negotiations on digital ashed portions of the bill are
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  Speaker 1: in a good place. That came from Senator Lummis. Also
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  Speaker 1: Jasper Gordon has Senate Bacon. Republicans are now discussing adding
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  Speaker 1: the community bank deregulation provisions to that to the Market
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  Speaker 1: Clarity Act. Okay, sow clarity, And that was exactly what
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  Speaker 1: I was just showing. Why add that? Now? What is
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  Speaker 1: it correlated into these community banks? Something's something's up here.
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  Speaker 1: Don't know what it is, but we do know this.
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  Speaker 1: We know what a yield sign is and soda. Senator Lummas,
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  Speaker 1: she has put it out right there. And this happened
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  Speaker 1: today at about nine o'clock in the morning. What happens
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  Speaker 1: after five today? Here we are just a few minutes.
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  Speaker 1: Other things that are happening. Crypto is lamenting the loss
• 4:20
  Speaker 1: of key allies in Capitol Hill, especially after Lummas is out,
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  Speaker 1: because remember this is her swan song. This is the
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  Speaker 1: thing she's going to count on to get her next job,
• 4:32
  Speaker 1: her next book, her next consulting gig. I got this
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  Speaker 1: through for the bitcoin community, for all of crypto. This
• 4:40
  Speaker 1: is her swan song, so it is one that matters. However,
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  Speaker 1: the Clarity Act getting signed into law is still looking
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  Speaker 1: a little bit you know, mah right now, still holding
• 4:51
  Speaker 1: it sixty percent, So not moving on any of these
• 4:55
  Speaker 1: movements right now. This is a big deal because if
• 4:58
  Speaker 1: we don't get clarity, and and even though what's happening
• 5:02
  Speaker 1: is that we've had these IPO plans frozen from companies,
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  Speaker 1: and I think a lot of people who are in
• 5:08
  Speaker 1: crypto that are considering IPOs are now watching this. And
• 5:13
  Speaker 1: you need IPOs. That is the lifeblood of the stock market.
• 5:18
  Speaker 1: And if we start seeing the listings losing steam like
• 5:21
  Speaker 1: here with Kraken, this is gonna have a big impact
• 5:24
  Speaker 1: on markets in general because IPOs are going to be massive.
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  Speaker 1: This is one of the biggest new entries on the market,
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  Speaker 1: next to AI, which is blockchain. So we should have
• 5:34
  Speaker 1: a whole litany of companies lined up ready to go,
• 5:38
  Speaker 1: but that may not necessarily be the case. There is
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  Speaker 1: one though might be lining up here pretty soon. That
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  Speaker 1: might be Ledger. They have now hired the the former
• 5:46
  Speaker 1: Circle executive John Andrews as their CFO. Remember Circle went
• 5:52
  Speaker 1: public as it expands to the US footprint ahead of
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  Speaker 1: a potential IPO. Let me know what you guys think.
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  Speaker 1: Who would be a great IPO that you think should go?
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  Speaker 1: Is Ledger on that list? Who are others that you
• 6:05
  Speaker 1: guys think would be the case? Drop some comments down below,
• 6:08
  Speaker 1: and man, next week is going to be huge, so
• 6:11
  Speaker 1: stick around. If you like this video, like and subscribe,
• 6:21
  Speaker 1: drop a comment down below, and also join our free
• 6:24
  Speaker 1: private member group. The link is in the description.