Latest / The Paul Barron Crypto Show / Anti-Crypto Army vs Stablecoin Bill!!!🚨Hashdex INTERVIEW🔥

Transcript

Anti-Crypto Army vs Stablecoin Bill!!!🚨Hashdex INTERVIEW🔥 · The Paul Barron Crypto Show

0:06
Speaker 1: DC is super busy trying to get a stable coin
0:08
Speaker 1: bill in place. Today we're going to break that down
0:10
Speaker 1: for you and the kind of impact it could have
0:12
Speaker 1: on the market. I got a special guest, you don't
0:15
Speaker 1: want to miss it. My name is Small Barrel. We'll
0:16
Speaker 1: come back into tech path. Let's get going. I do
0:18
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0:42
Speaker 1: I want to go over to a couple of things
0:44
Speaker 1: real quick. One is the Democrats and they have caved
0:48
Speaker 1: as they prepare to rubber stamp crypto the I should
0:52
Speaker 1: say the Trump crypto corruption. We'll see how that goes,
0:55
Speaker 1: because there's two things happening right now. One is the
0:58
Speaker 1: stable coin bill, which looks like it's going to get done.
1:01
Speaker 1: But the deal was to possibly get a vote on
1:05
Speaker 1: this whole Trump crypto corruption scenario. But if you look
1:08
Speaker 1: down here on this statement, late on Wednesday, Democrats took
1:12
Speaker 1: the last paragraph right there. Democrats took a deal that
1:15
Speaker 1: will give them a standalone vote on the End Corruption
1:18
Speaker 1: Crypto Corruption Act. This is as an amendment to the
1:22
Speaker 1: Genius Act. When that fails, and it will because Republicans
1:26
Speaker 1: in the majority are not going to vote for that.
1:28
Speaker 1: So the likelihood is we're going to get a stable
1:31
Speaker 1: coin bill, most likely today that could really have some
1:35
Speaker 1: big impact on the market. Before we get to our guest,
1:37
Speaker 1: I want to play a clip for you, guys, take
1:40
Speaker 1: a look at the democrats last stand.
1:42
Speaker 2: Here we go, so today, Republicans in the Senate, we'll
1:45
Speaker 2: try to jam Democrats by forcing a vote on a
1:48
Speaker 2: crypto bill. No Democrat or even Republican has seen what
1:53
Speaker 2: the bill actually says. We don't know if it prevents
1:56
Speaker 2: Donald Trump's corrupt crypto dealings. Know if it prevents terrorists
2:01
Speaker 2: it should, and we don't know if it protects consumers
2:05
Speaker 2: from getting scammed it should. Democrats, if we stand strong,
2:11
Speaker 2: we have an opportunity to actually shut down this particular
2:16
Speaker 2: vector of corruption.
2:17
Speaker 3: It's become clear that there is no path to a
2:20
Speaker 3: bipartisan compromise to crypto without addressing the elephant in the room.
2:26
Speaker 1: So as you can see, this is going to affect
2:28
Speaker 1: the market. Democrats are holding strong. That was Richie Torres,
2:31
Speaker 1: which has been somewhat of a pro crypto democrat over
2:34
Speaker 1: the little bit. Joining me now is Samir Kurbaje, who
2:37
Speaker 1: is the cio over at hashtags to break this all down. Samir,
2:40
Speaker 1: how are you.
2:41
Speaker 4: I'm good, Paul, thank you for having me.
2:43
Speaker 1: So let's get into a couple of things I want
2:45
Speaker 1: to go around. Obviously, stable coins are going to have
2:48
Speaker 1: a big impact on the global crypto markets, especially your
2:52
Speaker 1: own business. Within that Eleanor Terris she hit on this,
2:56
Speaker 1: talking today that Senator Haggerty has introduced his stable coin bill,
3:00
Speaker 1: and if you look at it right here, the staffers
3:02
Speaker 1: say they expect the bill to move quickly through committees
3:05
Speaker 1: in Congress. It'll be discussed in today's press conference with
3:07
Speaker 1: David Sachs, which is happening here maybe within the hour
3:10
Speaker 1: before we even published this video. When you look at
3:13
Speaker 1: that right now, do you feel like this is going
3:15
Speaker 1: to pass? Are you confident yet? I feel like I am,
3:19
Speaker 1: but what about you, Yeah, I.
3:20
Speaker 4: Am pul So what we've been hearing from DC overall
3:25
Speaker 4: is that there is be part of the support on
3:27
Speaker 4: the technical side to get this approved. A stable quaint
3:31
Speaker 4: is a technology that's very important. This strategic for the
3:34
Speaker 4: United States to keep the dollar dominance into twenty first century.
3:38
Speaker 4: So I think this is a matter of time. What
3:39
Speaker 4: we're see now is the political dance, right, So maybe
3:43
Speaker 4: we had, like we wish for a pro crypto Congress
3:46
Speaker 4: and a pro crypto president. Maybe now it's too much
3:49
Speaker 4: pro crypto and now we're seeing resistance on the other
3:51
Speaker 4: side from the Democrats. So it's a political dance. I
3:55
Speaker 4: think it's a matter of time until there is consensus
3:57
Speaker 4: to get this passed.
3:58
Speaker 1: Well, there's a lot brilliant as to the potential for
4:02
Speaker 1: stable coins as a whole. Here's a clip from Michael
4:06
Speaker 1: Saylor who's talking about, you know what this market could
4:08
Speaker 1: look like.
4:08
Speaker 4: Take a look, what's the use of it.
4:11
Speaker 5: It's like medium of exchange. How big is that ten
4:15
Speaker 5: trillion dollars? Right now, there's probably two hundred and fifty
4:18
Speaker 5: billion dollars of stable coin. So if the US government
4:22
Speaker 5: regulates that, you'll see that go to a tryion, two
4:24
Speaker 5: try and four triyon ten trollion. What's the coimpedia against
4:27
Speaker 5: every other currency? Who's the loser every week?
4:31
Speaker 4: Currency?
4:32
Speaker 5: Nobody's going to want to Every currency in Africa will collapse, right,
4:35
Speaker 5: No one's gonna use any of them, yes, right.
4:38
Speaker 1: What he's really getting into is kind of a shift
4:40
Speaker 1: around the financial system globally, because this could really change
4:44
Speaker 1: things dynamically, I think across many countries who do have
4:48
Speaker 1: weak currencies and an immediate injection of funds into treasury
4:54
Speaker 1: backed stable coins most likely, who do you think has
4:58
Speaker 1: the best chance to win? Once this gets through Congress
5:02
Speaker 1: and the United States really starts to amp up the
5:05
Speaker 1: potential for stable coins.
5:07
Speaker 4: So it's important to highlight that we've been seeing exponential
5:11
Speaker 4: growth in adoption of stable coins, especially in emerging markets,
5:15
Speaker 4: so normally regions that have more capital controls, which is
5:18
Speaker 4: harder to access the US dollar. Right, So Sailor is
5:23
Speaker 4: right when he says that there's a challenge for weaker
5:25
Speaker 4: curing currencies because if it's very easy to have the
5:29
Speaker 4: US dollar anyone can have on your cell phone the
5:32
Speaker 4: US dollar, why do you need your local currency that
5:34
Speaker 4: has a higher inflation rate, right. So that's why this
5:38
Speaker 4: is a very relevant technology that's been growing very significantly,
5:42
Speaker 4: but it doesn't have the support of the US government,
5:45
Speaker 4: at least up until now. So if we get the
5:48
Speaker 4: stable coin build passed and we have regulatory clarity around
5:52
Speaker 4: stable coins, what we're going to see is US banks
5:56
Speaker 4: and the big financial institutions issue in stable coins. Is
6:00
Speaker 4: going to win that race. I think it's too early
6:02
Speaker 4: to tell. Like, you definitely have the international winners like Tetter.
6:06
Speaker 4: It's a huge has a strong network, effects is a
6:10
Speaker 4: huge stable coin right now, but we're probably going to
6:14
Speaker 4: see multiple stable coins and multiple or I like to
6:17
Speaker 4: call tokenized deposits, right, So we're going to choose whatever
6:20
Speaker 4: bank you want to work with, and you might have
6:22
Speaker 4: your tokenized deposits or stable coins that are issued by
6:24
Speaker 4: that bank. So I think this is definitely too early
6:28
Speaker 4: to call the winners in that space.
6:30
Speaker 1: Samir, do you think this is maybe where we truly
6:34
Speaker 1: see institutional coming on board in a much greater I
6:38
Speaker 1: mean we've seen it, yes, with the ets from black
6:41
Speaker 1: Rock and most of what we've seen around Wall Street
6:43
Speaker 1: in terms of people understanding what this means as an
6:47
Speaker 1: investment vehicle. You know, Kevin O'Leary has been out there
6:50
Speaker 1: calling it the twelfth sector. Maybe Wall Street is finally
6:54
Speaker 1: in the right place at the right time. Do you
6:55
Speaker 1: feel like this is just the beginning of institutional adoption.
6:58
Speaker 6: Yeah.
6:59
Speaker 4: We can think about institutional adoptions in two ways. You
7:01
Speaker 4: have the investment and you have the usage, right the
7:05
Speaker 4: adoption the actual users of the technology. Stable Coin. We
7:09
Speaker 4: believe that stable coin is the first killer app for crypto.
7:12
Speaker 4: It's probably the first application of crypto that will hit
7:16
Speaker 4: mass adoption. That's going to make it easier to do payments,
7:20
Speaker 4: international payments or local payments on your cell phone without
7:23
Speaker 4: using credit card networks or a Swift network that's full
7:27
Speaker 4: of intermediate areas. And it's very expensive. So it's a
7:31
Speaker 4: very transformative technology. Okay, and this is definitely going to
7:36
Speaker 4: be transformation for our society.
7:38
Speaker 1: I want to play a clip for you because this,
7:40
Speaker 1: of course is our arch nemesis coming in and trying
7:44
Speaker 1: to continue the campaign.
7:46
Speaker 4: Take a look crypto.
7:48
Speaker 3: Is essentially it is a scam. It's probably exactly what
7:51
Speaker 3: you think it.
7:52
Speaker 6: Is, all right, Corey, Before we go further, don't assume
7:56
Speaker 6: that we know as much as you think we know
7:59
Speaker 6: about this issue. Why should I be investing in a
8:03
Speaker 6: CD rather than at a stable coin? But I got
8:07
Speaker 6: four percent interest on a CD.
8:08
Speaker 3: You get none of those protections with a stable coin.
8:11
Speaker 3: You get no interest. The stable coin company gets all
8:14
Speaker 3: the interest.
8:15
Speaker 6: At one thousand bucks a year from now, I've lost
8:17
Speaker 6: you know, it's worth nine hundred and sixty dollars or
8:19
Speaker 6: something like that. Is that correct?
8:21
Speaker 3: They absolutely could be worth way less than you you
8:24
Speaker 3: bought them for, so.
8:25
Speaker 6: I've actually lost money. Is that a fair summary? Yeah?
8:28
Speaker 3: Absolutely, Okay, Sasha jumping.
8:31
Speaker 7: I mean they're basically just little bits of digital nothing
8:35
Speaker 7: that have no basis in the financial system. They're also
8:38
Speaker 7: a haven for criminal activity.
8:42
Speaker 3: There's no end to the kind of crimes you can
8:45
Speaker 3: perform ecosystem.
8:47
Speaker 6: People are using crypto to kill other people.
8:51
Speaker 4: That's right.
8:55
Speaker 1: You have to last, Okay, I have to think I
8:57
Speaker 1: should go to goods this bill.
8:58
Speaker 7: Huh strongly respectfully.
9:00
Speaker 1: Yeah, I have to laugh because it just shows you
9:04
Speaker 1: how unfortunate it is right now in much of our
9:11
Speaker 1: lawmakers who don't really understand kind of the future of technology.
9:15
Speaker 1: But listen, we've lived through this before in other technology phases,
9:18
Speaker 1: so it's not like it's a brand new situation that
9:21
Speaker 1: DC is just now facing. It's happened before in mobile,
9:24
Speaker 1: It's happened before in the birth of the internet. What
9:27
Speaker 1: we saw there, same kind of thing I think with
9:28
Speaker 1: blockchain and AI, both of those kind of things that
9:31
Speaker 1: are playing out here, Samir. Unfortunately, those kind of things happen,
9:36
Speaker 1: So it is what it is.
9:37
Speaker 4: But anyway, I.
9:37
Speaker 1: Want to get to another clip here. This is the
9:41
Speaker 1: CEO of Robinhood and he's talking about Now he's getting
9:44
Speaker 1: into the point of, hey, this is actually how we
9:46
Speaker 1: could use stable coins within the market.
9:49
Speaker 8: Take a look twenty twenty one, we had the whole
9:52
Speaker 8: GameStop situation. Settlement was T plus two. That was a
9:56
Speaker 8: big problem. You had to hold cash collect for trades
10:02
Speaker 8: for two days after those trades were made. The firms
10:05
Speaker 8: like Robinhood had to put up corporate cash. We're not
10:08
Speaker 8: even talking about customer cash, but corporate cash. As activity increased.
10:14
Speaker 8: And this is like fairly low risk activity. I mean,
10:17
Speaker 8: we're talking about people fully paying for their securities and
10:21
Speaker 8: buying and all of that is due to this settlement delay.
10:24
Speaker 8: So not everyone is a fan of instant settlement. There's
10:29
Speaker 8: firms that actually hold these securities and hold these assets
10:32
Speaker 8: for multiple days. They hold the cash and they earn
10:34
Speaker 8: interest on it.
10:35
Speaker 3: What would that week have looked like for you guys
10:39
Speaker 3: if you were able to actually do instant settlement?
10:41
Speaker 4: I mean, or are we just not even having that conversation? Like,
10:45
Speaker 4: what's what would that have looked like?
10:47
Speaker 8: There wouldn't be a need to hold collateral for trades
10:52
Speaker 8: during the settlement period.
10:53
Speaker 3: Now one of those rare crypto actually does fix this
10:56
Speaker 3: of cases.
10:56
Speaker 4: That's great. Yeah, you know.
10:58
Speaker 1: Bernie's clip back there was talking about they didn't really
11:00
Speaker 1: understand how yields were generated because this is a treasury
11:04
Speaker 1: back stable coin ecosystem that we're talking about outside of tether,
11:07
Speaker 1: even tether to an extent. I mean, do you feel
11:09
Speaker 1: like that is going to be the killer app for
11:12
Speaker 1: stable coins or do you think it'll be more to
11:14
Speaker 1: what Vlad was talking about, which is instantaneous settlement? Where
11:19
Speaker 1: do you think the balance of the market will will trend?
11:22
Speaker 4: So as a payment technology, stable coins can completely change
11:28
Speaker 4: the capital markets. Okay, so it's important to remember that
11:31
Speaker 4: the capital markets that we are used today that works
11:34
Speaker 4: very well for us. It was created three hundred years
11:37
Speaker 4: ago and still works basically the same way. So the
11:40
Speaker 4: reason why you have a TIP plus one or tiplus
11:43
Speaker 4: two or tiplus three settlement is because in the past
11:46
Speaker 4: you needed to move money around, so you actually needed
11:49
Speaker 4: to take like certificates. You need to take cash and
11:52
Speaker 4: move it around the country, so it would take a
11:55
Speaker 4: long time. And then we still see this for international trading. Also,
11:59
Speaker 4: we are you to build a legacy infrastructure on top
12:02
Speaker 4: of analogue processes, right, and what crypto offers us now
12:07
Speaker 4: is the possibility of building a new infrastructure on top
12:11
Speaker 4: of a fully digital process and that's what the stable
12:14
Speaker 4: coin would bring. And stable coins, we believe, is the
12:16
Speaker 4: first layer. So if you make it easy to send
12:19
Speaker 4: a payment to anyone anywhere, if you make it as
12:23
Speaker 4: easy as sending an email, then you can start building
12:26
Speaker 4: things on top of this. And you might not get
12:29
Speaker 4: interests on your stable coin deposit on your stable coins,
12:33
Speaker 4: but you can have access to tokenize money market funds
12:37
Speaker 4: that you can switch twenty four seven, so you can
12:39
Speaker 4: hold all your savings in a money market fund and
12:43
Speaker 4: then when you need to pay for something, you do
12:45
Speaker 4: atomic swap. You convert that money market fund shares for
12:49
Speaker 4: stable coins, and you use it for payment. So this
12:53
Speaker 4: whole discussion around like not having interest, not paying interest,
12:56
Speaker 4: Like you're not getting interest on your bank deposits. Right now,
13:00
Speaker 4: I get somebody, you know, you need investment vehicle for that.
13:03
Speaker 4: So you're going to have, like with a stable coin paradigm,
13:06
Speaker 4: you're going to have the pavement currency and you can
13:09
Speaker 4: have a money market fund or a you bearing stable
13:12
Speaker 4: coin that you can use for a story or your capital.
13:15
Speaker 4: And then after you have this, it's going to be
13:18
Speaker 4: way easier to do digital payments than doing analog payments.
13:21
Speaker 4: We're going to start to have most of our savings
13:24
Speaker 4: on there, and then when you need to invest, you
13:28
Speaker 4: can either invest in tokenized assets so when we're talking
13:31
Speaker 4: about real old assets, right, equity ETFs all being tokenized
13:36
Speaker 4: fixed income instruments and funds, or you can withdraw that money,
13:40
Speaker 4: send this to the traditional legacy rails, send to a
13:43
Speaker 4: broker dealer, and do your transaction tating to taking two
13:46
Speaker 4: days to sell. Right. It's just going to be way
13:48
Speaker 4: easier to do this own chain. And that's the whole point, right,
13:51
Speaker 4: So it's impressive to see like people talking about cryptal
13:57
Speaker 4: that way. And if you just replace crip for Internet
14:02
Speaker 4: and go back twenty years, you would see like the
14:04
Speaker 4: same people talking to the same thing. Zerus for criminals
14:09
Speaker 4: has no value and you know, like all those things
14:12
Speaker 4: that we used to to see.
14:13
Speaker 1: The typical fake news side of things. All right, So
14:16
Speaker 1: when you look at where this market could explode to,
14:19
Speaker 1: there's right now, there's a handful of, you know, stable
14:24
Speaker 1: coins out there. I would say USD if you're a
14:25
Speaker 1: US based is probably USDC that you're using. If you're
14:28
Speaker 1: outside of the United States, it's most likely tether. Then
14:31
Speaker 1: you have kind of the bank oriented potential, you know,
14:36
Speaker 1: stable coin, and that could be r l USD with
14:39
Speaker 1: rl USD coming into play with what XRP. I don't know. Obviously,
14:43
Speaker 1: maybe some of this acquisition talk around Circle is posturing
14:48
Speaker 1: for what Ripple is trying to do, but maybe there
14:51
Speaker 1: is something there. Do you think rl USD could have
14:55
Speaker 1: a winning position in the market once we see this
14:59
Speaker 1: like for instance, Bank America, Wells Fargo, JP, Morgan Chase,
15:03
Speaker 1: whoever it might be accepting rl USD as a stable coin.
15:08
Speaker 4: It's important to remember the Ripple is a payment company
15:11
Speaker 4: and it has existed even before crypto, even before bitcoin.
15:15
Speaker 4: So I think it's natural that they're trying to come
15:17
Speaker 4: up with a payment solution for the twenty first century
15:20
Speaker 4: and leverage this stable coin technology and the fact that
15:23
Speaker 4: we're possibly going to see regulatory clarity on stable coins
15:27
Speaker 4: to advance their business. So I think like that stable
15:30
Speaker 4: coin along with others, it's going to see exponential growth
15:35
Speaker 4: in the coming years, especially if there is regulatory clarity
15:38
Speaker 4: in the US, And this is all going to benefit
15:41
Speaker 4: in the end all those transactions they happen on smart
15:44
Speaker 4: counter platforms, right, So I think from an investment standpoint,
15:49
Speaker 4: the big reflection of this is adoption and transactions on
15:53
Speaker 4: the underlying is mark counture platforms, and that's going to
15:56
Speaker 4: increase the demand for the native token. So in the end,
16:00
Speaker 4: I think it's very exciting about this is it gives
16:03
Speaker 4: a very strong use case and demand for block space
16:07
Speaker 4: in this mark countrare platform So smart country platforms will
16:09
Speaker 4: benefit from.
16:10
Speaker 1: This, no doubt. Listen, you guys of course have led
16:13
Speaker 1: the way here with an XRP ETF the future plants.
16:17
Speaker 1: It's first flag. I pulled that from your Twitter and
16:20
Speaker 1: you look at what you guys are doing in terms
16:23
Speaker 1: of performance. This is the hashtags performance. XRP is the
16:27
Speaker 1: red line for those of you kind of charting along here,
16:31
Speaker 1: and you can see XARP has really kind of been
16:33
Speaker 1: on the top level in terms of asset performance individually.
16:38
Speaker 1: Why first of all, why is this your third largest
16:40
Speaker 1: I was also looking at just your the weight of
16:44
Speaker 1: your portfolio right now bitcoin Eh. Then XRP, Solana, why
16:50
Speaker 1: is this your third holding position? Do you feel like
16:52
Speaker 1: this is something that is going to continue to grow
16:55
Speaker 1: or what is your strategy here?
16:58
Speaker 4: So Hashtags is a crypto focused asset manager, and our
17:01
Speaker 4: flagship product is a product that we like co developed
17:05
Speaker 4: with Nastak. Is an index, so it's like the NASTEQ
17:08
Speaker 4: one hundred for crypto. Has very stringent eligibility rules and
17:12
Speaker 4: a strong governance from NASDAK to select which assets are
17:16
Speaker 4: eligible to be included, and then after they're included, they're
17:19
Speaker 4: waited by their market capitalization. Okay. So it's really a
17:22
Speaker 4: passive investment. And we've been seeing this growth of XRP,
17:27
Speaker 4: especially in the last few months after you know, they
17:30
Speaker 4: have like one dal lawsuit against the SEC and this
17:32
Speaker 4: new administration came and dropped the lawsuits and all this
17:36
Speaker 4: uncertainty around the project vanished. We've been seeing like a
17:40
Speaker 4: strong price momentum on XRP, and that has made its
17:43
Speaker 4: representation on the index to increase because its market kept
17:46
Speaker 4: increase relative to other projects. So this is a passive
17:50
Speaker 4: way to get exposure to the space. So it's a
17:53
Speaker 4: benchmark for the space. And what we're see now is
17:55
Speaker 4: a reflection of how the market evolves over time and
17:58
Speaker 4: how it's hard to you know, track this market.
18:01
Speaker 1: Well, you guys have what almost a little over a
18:03
Speaker 1: one and a quarter billion of assets under management, you know,
18:07
Speaker 1: seven years obviously in the industry, so you understand where
18:10
Speaker 1: this market is trending. I got to ask you this
18:13
Speaker 1: when you look at this is going to happen. We
18:14
Speaker 1: are going to see a stable coin bill in the
18:16
Speaker 1: United States, the world's reserve currency is now going to
18:20
Speaker 1: have access to a new digital frontier. There are going
18:24
Speaker 1: to be winners and losers here. Which blockchain do you
18:28
Speaker 1: feel has the most to gain from this stable point
18:32
Speaker 1: coin bill going through? I mean, obviously, if you look
18:35
Speaker 1: at USDC or even tether to a certain extent ethereum,
18:38
Speaker 1: you look at XRP, possibly with XRP L and also
18:43
Speaker 1: what we'll see in terms of r L USD, where
18:47
Speaker 1: do you guys think this will line up in terms
18:49
Speaker 1: of stable coin domination, it's.
18:51
Speaker 4: So too early to call the winners. And I think
18:54
Speaker 4: there's space for multiple different smart culture platforms and blockchain networks.
18:59
Speaker 4: But I think that Itterian takes to benefit a lot.
19:03
Speaker 4: And the reason why yes, yes, And I said, I say,
19:08
Speaker 4: if you think about it, in the last few years,
19:10
Speaker 4: Eteria has been facing a lot of you know, resistance
19:12
Speaker 4: because maybe it's scale too much, right, It went in
19:17
Speaker 4: a moment like its scale to a level in which
19:20
Speaker 4: the demand ful block space is not there. And as
19:23
Speaker 4: we see exponential growth in stable coin adoption and the
19:27
Speaker 4: tium being this dominant position and being like the standard,
19:32
Speaker 4: I would say it's mark country platform that's going to
19:34
Speaker 4: attract most of the demand. And if we see point adoption,
19:38
Speaker 4: we're going to see more demand for block space, and
19:40
Speaker 4: that's going to be positive for Aterian. So I think
19:43
Speaker 4: the on a relative basis, Itterior tends to benefit a lot,
19:46
Speaker 4: especially because I mean, it has been through like the
19:51
Speaker 4: last few years, has been very hard for enterprises. So
19:55
Speaker 4: I think that there's definitely some interesting surprises coming from Materia.
19:59
Speaker 1: Yeah, hey, listen, now we record today eight back above
20:01
Speaker 1: two thousands, so that's been a nice move on a
20:05
Speaker 1: short period. But I think also a lot of people
20:07
Speaker 1: looking at this condition really on two areas. One is
20:10
Speaker 1: the stable coin bill that's going to come through this week,
20:15
Speaker 1: and the likelihood of softening on the tariffs could start
20:17
Speaker 1: to really bolster a lot of the action in the
20:20
Speaker 1: markets in general. Samir, We're definitely going to have you
20:22
Speaker 1: back on to talk more around hashtags and XRP, the ETF,
20:26
Speaker 1: how you guys are starting to roll. We'll get you
20:29
Speaker 1: into one of our XRP videos for sure. So but
20:32
Speaker 1: thank you so much for coming in today. We appreciate it.
20:34
Speaker 4: Thank you so much. Cool you bet, it's.
20:36
Speaker 1: Great seeing you. Are you guys, If you're not in
20:38
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20:40
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20:43
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20:45
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20:47
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20:50
Speaker 1: catch you next time right here on tech Path