Latest / The Paul Barron Crypto Show / Crypto Lawyers DESTROY Anti-Crypto Hacks!🔥SEC Crypto Task Force Roundtable🚨

Transcript

Crypto Lawyers DESTROY Anti-Crypto Hacks!🔥SEC Crypto Task Force Roundtable🚨 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: The Crypto Task Force had a round table today. We're
• 0:08
  Speaker 1: going to break it down for you. Don't want to
• 0:09
  Speaker 1: miss this one. It is going to tell you a
• 0:11
  Speaker 1: lot of where this market could go. My name is
• 0:13
  Speaker 1: Paul Barren. Welcome back in the tech path. I want
• 0:15
  Speaker 1: to thank our sponsor today. That's I Trust Capital. A
• 0:18
  Speaker 1: great place for you guys to go out there.
• 0:20
  Speaker 2: Get your IRA.
• 0:21
  Speaker 1: Going because this is something it's tax season. You can
• 0:23
  Speaker 1: start benefit from this. If you are looking for some breaks,
• 0:26
  Speaker 1: use a CRYPTOIRA using our.
• 0:28
  Speaker 2: Link down below.
• 0:28
  Speaker 1: It's going to give you a one hundred dollars funding
• 0:31
  Speaker 1: reward just to get started over there and of course
• 0:33
  Speaker 1: set you guys up for long term crypto investment. Let's
• 0:35
  Speaker 1: go over to a couple of things I want to
• 0:37
  Speaker 1: hit on the spring sprint toward crypto clarity. This was
• 0:40
  Speaker 1: the alignment of these hearings, meetings, all the stuff that
• 0:44
  Speaker 1: is being really championed by the SEC. We were concerned
• 0:48
  Speaker 1: about some people that were going to be on this
• 0:51
  Speaker 1: task force, and of course the big one that everybody
• 0:54
  Speaker 1: had a question on was John reed Stark because as
• 0:57
  Speaker 1: we all know, John reek Stark was the guy that
• 1:00
  Speaker 1: it was pretty much the person that was against crypto
• 1:04
  Speaker 1: saying it's useless all that stuff, and I've got some
• 1:06
  Speaker 1: clips coming to that because this is important in how
• 1:09
  Speaker 1: this may play out for crypto clarity out of the SEC.
• 1:12
  Speaker 1: I want to go to this first clip because this
• 1:14
  Speaker 1: is Hester Pearce talking about how this will work.
• 1:17
  Speaker 2: Take a look.
• 1:18
  Speaker 3: Spring signifies new beginnings, and we have a new beginning here,
• 1:21
  Speaker 3: a restart of the Commission's approach to crypto regulation, and
• 1:25
  Speaker 3: staff have responded with palpable enthusiasm. This regulation rests on
• 1:29
  Speaker 3: a well built edifice of law. At the foundation of
• 1:32
  Speaker 3: that structure is the definition of security. We cannot poke
• 1:36
  Speaker 3: holes in the foundation that's ed. I understand there's a
• 1:39
  Speaker 3: view that current law is not working for crypto.
• 1:42
  Speaker 1: They got to remember Crenshaw. That was the second lady
• 1:45
  Speaker 1: that was speaking there is she's been kind of on
• 1:48
  Speaker 1: the anti side of this. Once a Gensler has been out.
• 1:51
  Speaker 1: Crenshaw doesn't really have a landing place because now it
• 1:53
  Speaker 1: is very pro crypto SEC at the current status, especially
• 1:58
  Speaker 1: with Hester Pierce leading the task force. All right, so
• 2:00
  Speaker 1: I want to jump over to this clip real quick.
• 2:02
  Speaker 1: This is John read Stark, and this is a good
• 2:04
  Speaker 1: one because it will give you an analysis on his position.
• 2:08
  Speaker 1: I think a lot of people understand it, but the
• 2:10
  Speaker 1: craziness of his position take a look.
• 2:13
  Speaker 4: I don't see it as something you can tell the courts,
• 2:15
  Speaker 4: because the courts have already spoken. We have many, many courts.
• 2:19
  Speaker 4: All of these crypto firms. They went for this sort
• 2:21
  Speaker 4: of delay, delay, delay, and they hired the best law
• 2:24
  Speaker 4: firms in the world, and they lost just about I
• 2:27
  Speaker 4: would argue every single time, all because of Howie this
• 2:30
  Speaker 4: law has been decided.
• 2:32
  Speaker 5: The judge and the finance opinion kind of chastised the
• 2:35
  Speaker 5: staff about this, where they had flipped up between what
• 2:38
  Speaker 5: exactly was the investment contract. You know, I have to
• 2:40
  Speaker 5: to disagree with Rodrigo's disagreement with with John, you know,
• 2:45
  Speaker 5: and and you know in over you know, hundreds of
• 2:47
  Speaker 5: cases across you know, not just digital assets icos, but even.
• 2:50
  Speaker 2: NFTs secondary transactions.
• 2:53
  Speaker 5: When you look at Ripple and you look.
• 2:56
  Speaker 6: Yeah, if we could just not talk about any specific cases,
• 2:58
  Speaker 6: that'd be great.
• 2:59
  Speaker 2: Sorry, apologies with it.
• 3:00
  Speaker 6: They have not won a single case that applies Howie
• 3:03
  Speaker 6: to secondary transactions. They've only won on motions to dismiss.
• 3:05
  Speaker 6: So it was kind of a miscategorization to speak about
• 3:07
  Speaker 6: the cases that way.
• 3:08
  Speaker 1: There has been a loss after loss. And I'm going
• 3:11
  Speaker 1: to play a clip from you. This is one we've
• 3:13
  Speaker 1: done quite a while ago. This was Judge Fela and
• 3:16
  Speaker 1: where she was grilling the sec So this is not
• 3:19
  Speaker 1: currently but this is from one of the previous cases
• 3:22
  Speaker 1: to give you an idea of just how ludicrous this
• 3:24
  Speaker 1: statement was.
• 3:25
  Speaker 2: From start.
• 3:25
  Speaker 7: Take a look for you to say, will they satisfy?
• 3:27
  Speaker 4: How he is not a helpful answer to me, what
• 3:30
  Speaker 4: is it about them?
• 3:32
  Speaker 3: And please don't say how he?
• 3:33
  Speaker 7: What is it about them? The token itself is not
• 3:39
  Speaker 7: the security. I understand that right, token alone not a security.
• 3:42
  Speaker 7: That's kind of what your friends at the back table
• 3:44
  Speaker 7: are saying, and they're wondering why we're here.
• 3:46
  Speaker 1: And of course we saw this a continuous within the
• 3:48
  Speaker 1: Rippel case, the Coinbase case, all these different cases that
• 3:51
  Speaker 1: were being challenged left and right.
• 3:53
  Speaker 2: I want to go to this next clip because this.
• 3:55
  Speaker 1: Will get into where he thinks he's objective, meaning John
• 3:58
  Speaker 1: Ery start take a look.
• 4:00
  Speaker 4: The whole point of securities regulation was to wrap that
• 4:03
  Speaker 4: all up into a very big, broad, principles based regulation.
• 4:07
  Speaker 4: The people buying crypto are not collectors. We all know
• 4:11
  Speaker 4: that they're investors and the mission of the SEC is
• 4:15
  Speaker 4: to protect investors. And how do I know they're investors
• 4:18
  Speaker 4: because whenever I go around and talk about this stuff,
• 4:20
  Speaker 4: whether it be in sixty minutes, you know, I get
• 4:23
  Speaker 4: death threats afterwards. By the way, I'm president, managing partner,
• 4:27
  Speaker 4: CEO and director of John Readstar Consulting. I have no
• 4:31
  Speaker 4: stake in the crypto world or crypto verse.
• 4:34
  Speaker 8: Of any kind.
• 4:35
  Speaker 4: I look at this stuff very objectively.
• 4:37
  Speaker 2: All right.
• 4:37
  Speaker 1: So when you go over to first of all, investor
• 4:40
  Speaker 1: collector kind of the same thing. Really, whether you're a
• 4:42
  Speaker 1: car collector, watch collector, or Pokemon card collector doesn't matter.
• 4:46
  Speaker 1: There's collectors of all types out there which anticipate a
• 4:50
  Speaker 1: return on those collectibles. And that is something that has
• 4:54
  Speaker 1: been argued over and over. But when you look at
• 4:56
  Speaker 1: his website, John Reachstar Consulting, we're here on the services
• 5:00
  Speaker 1: that are available. Guess what, right there expert witness. So
• 5:04
  Speaker 1: in reality, he does have a dog in this hunt
• 5:07
  Speaker 1: because he is an expert witness for hire to go
• 5:11
  Speaker 1: out and challenge the crypto communities. We are most likely
• 5:14
  Speaker 1: going to see him coming in a lot more on
• 5:17
  Speaker 1: congressional hearings in the near future. I want to go
• 5:20
  Speaker 1: to another clip. This is where John invites his buddies
• 5:24
  Speaker 1: to come in on this take a look.
• 5:26
  Speaker 5: So I'm Lee Reiners. I'm from Duke University, so go Duke.
• 5:31
  Speaker 5: Let me also note that there's quite a bit of
• 5:33
  Speaker 5: distance here between my fellow cryptoskeptics, so feeling a little
• 5:37
  Speaker 5: isolated up here.
• 5:38
  Speaker 4: But I've taught securities regulation for twenty years, five years
• 5:41
  Speaker 4: at Duke Lee and I teach at Duke University in Durham.
• 5:46
  Speaker 4: A friend of ours, Hillary Allen, wrote a book called
• 5:49
  Speaker 4: Driverless Finance, and I'd recommend that everyone read it.
• 5:51
  Speaker 1: Wow, quite a crew we've got brewing right now. So
• 5:54
  Speaker 1: Lee Reiners, you've got John reed Stark in there. And
• 5:57
  Speaker 1: of course we've done many videos on Hillary Allen. This
• 6:01
  Speaker 1: is where she was pretty much just destroyed, absolutely destroyed
• 6:04
  Speaker 1: in a recent hearing. If you guys want to go
• 6:06
  Speaker 1: back and check that out. They've been here before, They've
• 6:10
  Speaker 1: been out there trying to fight this fight. You look
• 6:12
  Speaker 1: at Reyner, Hillary Allen, John reach Stark. All of these
• 6:15
  Speaker 1: are in alignment with what Senator Warren's position is around crypto.
• 6:20
  Speaker 1: And in this next clip it'll break down where what
• 6:24
  Speaker 1: her talking points first are and how they are getting dismantled.
• 6:28
  Speaker 4: Take a look drug dealing, human sex trafficking, child pornography, terrorism,
• 6:34
  Speaker 4: ransomware attacks. I'm a ransomware expert, so I set up
• 6:37
  Speaker 4: the first computer that the Division forceman had with an
• 6:40
  Speaker 4: Internet access and taught people how to use it. But
• 6:43
  Speaker 4: for bitcoin there would be no ransomware. You know, there's
• 6:46
  Speaker 4: always people who say that it's just not true, John,
• 6:48
  Speaker 4: and FIAT is much worse. It's just not that those
• 6:52
  Speaker 4: points are really false.
• 6:54
  Speaker 9: The first set of ransomware occurred in nineteen eighty nine
• 6:56
  Speaker 9: severely undermines a lot of our cryptocritics points when they
• 6:59
  Speaker 9: jumped to this weird hyperbole for things that it's just
• 7:01
  Speaker 9: not it's not necessary.
• 7:02
  Speaker 4: But you know, ask any cybersecurity attorney. But for bitcoin
• 7:06
  Speaker 4: there would be, you know, ransomware. It wouldn't happen without bitcoin.
• 7:09
  Speaker 4: The FBI will tell you that, DOJ will tell you that.
• 7:11
  Speaker 4: But for bitcoin there would be no ran.
• 7:13
  Speaker 8: You know, that's not high.
• 7:14
  Speaker 9: First point ransomware amount was for the eighth trojan Pardon me,
• 7:17
  Speaker 9: do you know how much was was in that first
• 7:19
  Speaker 9: ransomware attack in nineteen eighty nine? There were a ninety
• 7:21
  Speaker 9: thousand floppy disc given out and it was something like
• 7:23
  Speaker 9: twenty five to fifty dollars each was already a couple
• 7:25
  Speaker 9: hundred grand, So I'm not sure where you got that, friend.
• 7:28
  Speaker 4: That's why I say, actually, but every fransomore attack right
• 7:31
  Speaker 4: now is a good point.
• 7:32
  Speaker 9: From nineteen ninety two thousand and five, more than thirty
• 7:35
  Speaker 9: million dollars ransomware attacks happened. It's weird to say, oh, what,
• 7:38
  Speaker 9: bitcoin invented this and it bitcoin stopped just I'm sorry,
• 7:41
  Speaker 9: just ump.
• 7:43
  Speaker 5: He didn't say bitcoin invented but at least every single
• 7:46
  Speaker 5: star filing tied to ransomware, the ransom was paid in crypto,
• 7:50
  Speaker 5: mostly bitcoin.
• 7:51
  Speaker 8: It sounds like from all your writings that your goal
• 7:54
  Speaker 8: is let's just try and eliminate any crypto anywhere we
• 7:57
  Speaker 8: can find it. I recommend book to you called Last Call,
• 8:02
  Speaker 8: The Rise and Fall of Prohibition. It's a great book
• 8:04
  Speaker 8: because there are many many problems prior to prohibition, and
• 8:09
  Speaker 8: the attempt by the government to tell people don't do
• 8:11
  Speaker 8: something you want to do failed miserably.
• 8:14
  Speaker 10: With all due respect to my friend John Stark, they
• 8:17
  Speaker 10: don't have the statutory authority to do that, and doing
• 8:19
  Speaker 10: that would actually be breaking the lass. Just because there's
• 8:21
  Speaker 10: a problem and planes are crashing doesn't mean I want
• 8:24
  Speaker 10: the SEC to now try and take over for the
• 8:26
  Speaker 10: air controllers. You know, there's an executive order out there
• 8:29
  Speaker 10: that says digital asset industry plays a crucial role in
• 8:32
  Speaker 10: innovation and economic development in the United States and our
• 8:36
  Speaker 10: international leadership, Like does is the political question doctrine now
• 8:40
  Speaker 10: being invoked? Does this change the major questions doctor and
• 8:44
  Speaker 10: application in courts?
• 8:45
  Speaker 3: Maybe there's so.
• 8:46
  Speaker 10: Many bigger things here that I think we need to
• 8:49
  Speaker 10: think about.
• 8:50
  Speaker 1: This is amazing to me because they're completely getting destroyed,
• 8:53
  Speaker 1: and this meaning the talking points there of Centator Warren,
• 8:56
  Speaker 1: which really just mirrored what Stark was talking about. And
• 8:59
  Speaker 1: it goes a little deeper because now they're kind of
• 9:01
  Speaker 1: banding together, and what I mean by that is his
• 9:05
  Speaker 1: buddy from Douke now banning together, still getting destroyed.
• 9:09
  Speaker 5: Take a look, what if an entity can just release
• 9:12
  Speaker 5: an updated version of the protocol that's not the same
• 9:16
  Speaker 5: as the previous protocol.
• 9:17
  Speaker 6: You're absolutely right, someone could deploy UNISWAP version twenty tomorrow.
• 9:21
  Speaker 6: But where do the network effects of the system accrue?
• 9:24
  Speaker 6: Network effects in a system like unie swamp and a
• 9:27
  Speaker 6: system like ethereum accrue to the network. Therefore, they accrue
• 9:31
  Speaker 6: to the tokenholders. If someone tomorrow was to say, hey,
• 9:33
  Speaker 6: we're going to deploy a new version of uni swap,
• 9:35
  Speaker 6: that version of uni swap would have no liquidity in it.
• 9:38
  Speaker 6: Therefore it would be completely valueless. The only way it
• 9:41
  Speaker 6: would ever have value is if people move liquidity from
• 9:44
  Speaker 6: prior versions of the protocol to that version of the
• 9:46
  Speaker 6: protocol as a result, right, that clearly demonstrates that the
• 9:50
  Speaker 6: network effects of that system accrue to the protocol and
• 9:54
  Speaker 6: not the company that deployed it. And that is a
• 9:56
  Speaker 6: very key distinction for the overall risk profile.
• 9:59
  Speaker 8: Of the underlying ass They maybe have a common interest
• 10:02
  Speaker 8: in the price of that asset, but that it's not
• 10:03
  Speaker 8: a common enterprise.
• 10:04
  Speaker 5: What if one of them is the issuer though Lewis.
• 10:06
  Speaker 8: The Beers is the creator or at least distributor of diamonds.
• 10:10
  Speaker 8: They have a huge interest in the price of diamonds
• 10:13
  Speaker 8: and they have a lot of control over that market.
• 10:16
  Speaker 8: But you can enter into an investment contract with to Beers. Hey, guys,
• 10:20
  Speaker 8: you're a little short on money. I'm going to give
• 10:22
  Speaker 8: you one hundred million dollars, and you promised to cut
• 10:25
  Speaker 8: the supply for the next three months while I'm liquidating.
• 10:29
  Speaker 8: You totally have an investment contract and investment scheme going on.
• 10:33
  Speaker 8: But if you buy some diamonds with an expectation that
• 10:36
  Speaker 8: you know Beers is going to cut supply because you
• 10:38
  Speaker 8: read something that doesn't put you in a common enterprise
• 10:40
  Speaker 8: with them, does not make diamonds a security by itself.
• 10:44
  Speaker 10: That's all in the fifties. In nineteen fifty eight, there
• 10:47
  Speaker 10: was a trading stamps release one hundred and sixty eight
• 10:51
  Speaker 10: I think billion dollar market for these things, and there
• 10:54
  Speaker 10: was secondary trading and all sorts of things with these
• 10:57
  Speaker 10: with these little gummy stamps, and there were the merchants.
• 10:59
  Speaker 10: There was this whole infrastructure, and the sec opine that
• 11:03
  Speaker 10: those were not evidence of indebtedness. They did not even
• 11:07
  Speaker 10: consider Howie. Twelve years after Howie, they didn't even think
• 11:10
  Speaker 10: about it, and they rationed if we were to regulate
• 11:13
  Speaker 10: this as a security, well, then railroad tokens, all these
• 11:17
  Speaker 10: other things would fall in. And clearly the securities laws
• 11:20
  Speaker 10: are not supposed to handle all of these commercial transactions.
• 11:23
  Speaker 3: That there's lots of other things.
• 11:24
  Speaker 10: Howie does not apply to evidence of indebtedness, howie does
• 11:27
  Speaker 10: not apply to voting trust certificates. If you're going to
• 11:31
  Speaker 10: hold somebody to that and they're going to have to
• 11:33
  Speaker 10: live their life that way. These are people and companies
• 11:36
  Speaker 10: are full of people, and if you were going to
• 11:38
  Speaker 10: hold that person responsible and then two months later say, oh,
• 11:41
  Speaker 10: never mind, it's not a violation for anybody else, you know,
• 11:45
  Speaker 10: where's the fairness in that?
• 11:48
  Speaker 4: All?
• 11:48
  Speaker 5: Right?
• 11:48
  Speaker 1: So you can see, I mean they were dismantled left
• 11:50
  Speaker 1: and right. Even I think Lee there at the end
• 11:53
  Speaker 1: kind of just gave up, crossed his arms.
• 11:55
  Speaker 2: His body posture was like.
• 11:57
  Speaker 1: They're killing me on every angle of where this is
• 12:00
  Speaker 1: gonna position in terms of investment contracts, which is clearly
• 12:04
  Speaker 1: going to be a big category going forward in terms
• 12:07
  Speaker 1: of decisions from the SEC, because there's still gonna be
• 12:10
  Speaker 1: a lot of projects that are coming to try to
• 12:12
  Speaker 1: get approval through the SEC. They need to establish what
• 12:15
  Speaker 1: these ground rules are, which is what this task force
• 12:18
  Speaker 1: is trying to do. However, John Restart tried one more time.
• 12:21
  Speaker 1: Now he's using the idea of utility. So take a look.
• 12:25
  Speaker 2: And I don't see it as innovation.
• 12:27
  Speaker 4: I see the iPhone as innovation. I see the cloud
• 12:30
  Speaker 4: as innovation. I see AI as innovation. I don't see it.
• 12:33
  Speaker 4: I agree with Commissioner Crenshaw, where's the utility? If it
• 12:36
  Speaker 4: all went away tomorrow, you wouldn't care. Is this pivot
• 12:40
  Speaker 4: worth it? I just don't see it. Whether it's a
• 12:42
  Speaker 4: gummy stamp or equivalent to an American Girl doll or
• 12:45
  Speaker 4: a Pokemon card or whatever, is that worth it? Ask yourselves?
• 12:50
  Speaker 4: Is it something that I really care about? And is
• 12:52
  Speaker 4: this pivot worth it?
• 12:53
  Speaker 6: All right, so I'm gonna keep us on time.
• 12:57
  Speaker 2: Many of people will look at this all the way back.
• 12:59
  Speaker 1: To the era of the internet mobile, any kind of
• 13:01
  Speaker 1: innovation that's been done in technology in the early days
• 13:05
  Speaker 1: were often scoffed at he has done. I think overall,
• 13:09
  Speaker 1: this is a last clip that kind of goes in.
• 13:11
  Speaker 1: Actually I got what two more clothes? This is a
• 13:13
  Speaker 1: clip that kind of goes in on other lawyer's opinion
• 13:17
  Speaker 1: of start take a look.
• 13:19
  Speaker 5: Never before in the history of the United States have
• 13:21
  Speaker 5: we had an entire industry when told what the law
• 13:24
  Speaker 5: is say no, we are not going to follow it.
• 13:28
  Speaker 4: Like register as what register as?
• 13:29
  Speaker 5: What?
• 13:30
  Speaker 6: I mean?
• 13:31
  Speaker 9: We have been trying for years to find a path
• 13:35
  Speaker 9: for compliance.
• 13:36
  Speaker 6: You know, those that sought to come in and register, right,
• 13:39
  Speaker 6: all of them went bankrupt. And what you're hearing up
• 13:42
  Speaker 6: here on this stage is, let's treat these all securities.
• 13:45
  Speaker 6: We need to align the incentives of entrepreneurs right with
• 13:49
  Speaker 6: the incentives of our regulatory structure, which is to reduce
• 13:52
  Speaker 6: information asymmetries, reduce trust dependencies, reduce risk. Failing to do
• 13:57
  Speaker 6: so is just an arco tyranny.
• 14:00
  Speaker 5: Rodrigo tough fact to follow, little bit.
• 14:05
  Speaker 2: I like a narco tyranny, all right.
• 14:08
  Speaker 1: So the point being here, guys, is that there's still
• 14:10
  Speaker 1: a struggle within the SEC. I think there is a
• 14:12
  Speaker 1: struggle within certain factions of Congress that are going to
• 14:16
  Speaker 1: continue to push these narratives forward. So it's not one
• 14:19
  Speaker 1: of those things where crypto has won. Don't think of
• 14:21
  Speaker 1: it that way. However, if you look at what's happening
• 14:24
  Speaker 1: in Capitol Hill within the Trump administration, Trump signs an
• 14:27
  Speaker 1: executive order now to modernize the Treasury payment system. This
• 14:30
  Speaker 1: is a big deal because this affects SWIFT directly, and Swift,
• 14:34
  Speaker 1: of course is used by all the G ten nations
• 14:37
  Speaker 1: as a standard that's used to move money around the
• 14:40
  Speaker 1: world and If this is actually done, we could see
• 14:43
  Speaker 1: an unbelievable impact on maybe one of the biggest platforms
• 14:48
  Speaker 1: out there, and that's going to be Ripple and XRP.
• 14:50
  Speaker 2: Here's a clip that goes a little bit more into this.
• 14:53
  Speaker 2: Take a look.
• 14:54
  Speaker 7: I have an executive order for your attention relating actually
• 14:58
  Speaker 7: to government payments. Historically, checks issued by the Treasury I
• 15:02
  Speaker 7: believe fourteen times more likely to become the subject of
• 15:06
  Speaker 7: fraud than electronic transfer payments. This is an executive order
• 15:10
  Speaker 7: that's going to push the Treasury Department to modernize its
• 15:13
  Speaker 7: payment system to ensure that where possible, they're using electronic
• 15:17
  Speaker 7: methods of payment as opposed to paper checks in order
• 15:20
  Speaker 7: to reduce waste, fraud, and abuse in the government, which
• 15:23
  Speaker 7: is obviously an endeavor that we've been pursuing in numerous
• 15:27
  Speaker 7: aspects of government under your leadership.
• 15:29
  Speaker 5: It's basically modernization of equipment and methods.
• 15:33
  Speaker 6: It's something that should have been done twenty five to
• 15:35
  Speaker 6: thirty years ago.
• 15:41
  Speaker 1: Obviously an outdated system which makes it apparently fourteen times
• 15:45
  Speaker 1: more likely to see fraud within that system. This is
• 15:49
  Speaker 1: a clear move I think, to one revolutionize how payments
• 15:53
  Speaker 1: are done. This will happen on the blockchain, and most
• 15:55
  Speaker 1: likely it's going to happen with someone like Ripple who
• 15:57
  Speaker 1: has a lot of experience in this, So be on
• 15:59
  Speaker 1: the look look out for what we could see coming
• 16:02
  Speaker 1: down the pipeline.
• 16:02
  Speaker 2: I think this is just the beginning. Guys.
• 16:04
  Speaker 1: We're going to see a lot more of this coming
• 16:05
  Speaker 1: in from the SEC, from the Administration, especially as we
• 16:09
  Speaker 1: start to get regulatory the alignment coming out of Congress.
• 16:13
  Speaker 1: So stick around if you guys are not in the
• 16:15
  Speaker 1: Diamond Circle mixture and get in on that. We do
• 16:17
  Speaker 1: of course an email out to It's very interesting info
• 16:20
  Speaker 1: that kind of helps you keep caught up here on
• 16:22
  Speaker 1: the show. Also, get in on our Telegram group.
• 16:25
  Speaker 2: That's our own.
• 16:25
  Speaker 1: Private group where I chat with you guys directly. You
• 16:28
  Speaker 1: can join on the link down below as well. Catch
• 16:30
  Speaker 1: me on x app Paul Baron. We'll catch you next
• 16:32
  Speaker 1: time right here on tech Path