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Transcript

Crypto's Trigger Moment?🚀CLARITY Act Odds Outlook · The Paul Barron Crypto Show

• 0:00
  Speaker 1: The crypto trigger may be starting today. We'll break it
• 0:02
  Speaker 1: down for you. There are some pros and some cons
• 0:04
  Speaker 1: we'll break it all down. Is going to be a
• 0:07
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• 0:50
  Speaker 1: go over to a couple of tweets here I want
• 0:52
  Speaker 1: to hit on. First was Eleanor Tara talking about the
• 0:55
  Speaker 1: White House and them hosting the representatives from the banking
• 0:59
  Speaker 1: and the crypt industries. This is happening. It's happening today.
• 1:04
  Speaker 1: Problem is is that it's not going to be really
• 1:06
  Speaker 1: any decision makers. This is I think more of again
• 1:10
  Speaker 1: a tip your toe in the water kind situation, possibly
• 1:13
  Speaker 1: the White House even looking at how and what positions
• 1:17
  Speaker 1: the banks are trying to manifest, as well as crypto
• 1:21
  Speaker 1: industry in general. But it is some movement. I think
• 1:25
  Speaker 1: that's the main thing you have to look. So that
• 1:26
  Speaker 1: is a pro I think this still applies to where
• 1:28
  Speaker 1: we're going. We are seeing crypto firms and banks obviously
• 1:33
  Speaker 1: aligned here. The question is is will they get aligned
• 1:36
  Speaker 1: at this meeting or does this meeting roll them back
• 1:39
  Speaker 1: into talking with their CEO leads and then coming to
• 1:44
  Speaker 1: some sort of resolution to basically move Clarity forward. And
• 1:49
  Speaker 1: I think that will be the big question is how
• 1:52
  Speaker 1: and what is the result coming out of that meeting today.
• 1:55
  Speaker 1: It's not really about who's there, it's more of the result, like, hey,
• 1:58
  Speaker 1: this is what we decided, these are the things we're
• 2:00
  Speaker 1: going to go back to our counterparts on and get
• 2:03
  Speaker 1: into it. A Clarity Act right now still holding pretty
• 2:07
  Speaker 1: much a dead heat at around fifty seven percent on
• 2:10
  Speaker 1: getting into law for twenty twenty six. That's a good thing.
• 2:13
  Speaker 1: I mean, the fact that we are up in the
• 2:14
  Speaker 1: fifty seven percent range over on poly market still shows
• 2:18
  Speaker 1: a lot of faith of where this is going. Now.
• 2:20
  Speaker 1: There are some issues though that are now finger pointing,
• 2:25
  Speaker 1: and usually after finger pointing comes, you know, negotiations. In
• 2:30
  Speaker 1: the negotiations you get a clarity resolution. But listen to
• 2:33
  Speaker 1: this clip right here. Take a look. Where do you
• 2:35
  Speaker 1: stand on this?
• 2:36
  Speaker 2: Do you think crypto platforms should be able to pay rewards,
• 2:39
  Speaker 2: pay customers for.
• 2:40
  Speaker 3: Moving stable coin or money out of traditional bank deposit
• 2:44
  Speaker 3: accounts and keep them on crypto platforms.
• 2:46
  Speaker 1: Where are you on that issue?
• 2:48
  Speaker 3: Again, Maria? I think what we're seeing in the crypto
• 2:52
  Speaker 3: market over the past few months means more than ever
• 2:56
  Speaker 3: that the US we need market structure, we need clarity,
• 3:00
  Speaker 3: and we need to get this across the line. This spring,
• 3:03
  Speaker 3: we we got a few recalcitrant actors who said, well,
• 3:07
  Speaker 3: it'd be better to have no legislation than the legislation
• 3:11
  Speaker 3: we don't want. And I think both on the banks
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  Speaker 3: the other crypto firms are united against them. So we
• 3:17
  Speaker 3: need to get this across the line the US and
• 3:20
  Speaker 3: for crypto to remain a viable digital asset and move forward.
• 3:27
  Speaker 3: We need to get this Clarity Act done.
• 3:29
  Speaker 1: So you think it will be it'll come back fairly soon.
• 3:31
  Speaker 3: That I'm optimistic, and there's there's bipartisan support here.
• 3:36
  Speaker 1: All right, he's optimistic, But I am not optimistic in
• 3:40
  Speaker 1: the point that this is the Trump administration calling out
• 3:44
  Speaker 1: the lead dog in terms of where this movement has
• 3:48
  Speaker 1: kind of spawned from, and that is coinbase. So whether
• 3:51
  Speaker 1: you agree or you don't agree, you do want clarity,
• 3:54
  Speaker 1: you don't want clarity, you want stable coin yields, or
• 3:56
  Speaker 1: you want to yield to the banks and not allow
• 4:00
  Speaker 1: stable coin yields. It doesn't really matter the fact that
• 4:02
  Speaker 1: we have the US government calling out major corporations publicly
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  Speaker 1: traded because this is going to potentially hurt their stock,
• 4:07
  Speaker 1: which hurts investors. That is a problem. I don't like
• 4:11
  Speaker 1: those kind of things. You have to kind of keep
• 4:13
  Speaker 1: those issues out of it. Patrick McHenry also hits up
• 4:18
  Speaker 1: an interesting point on timing here, because this is getting
• 4:21
  Speaker 1: very close to the deadline that the Trump administration has
• 4:25
  Speaker 1: actually already set.
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  Speaker 2: Take a look you heard from Patrick Wett about the
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  Speaker 2: group he brought together on yield Crypto came in and said, look,
• 4:34
  Speaker 2: we want to negotiate. We actually want a reasonable compromise
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  Speaker 2: here on a regional approach to yields. And the bank
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  Speaker 2: sat there, listened and offered nothing. Well, that's not going
• 4:44
  Speaker 2: to last long in Washington. If the group that is
• 4:48
  Speaker 2: holding it up, the banking industry, is unwilling to negotiate
• 4:52
  Speaker 2: on something that has to be resolved to unlock market structure,
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  Speaker 2: it will be resolved. It's gonna be rough, a rough going,
• 5:00
  Speaker 2: but it's going to be. The President will have a
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  Speaker 2: bill signing ceremony on market structure on clarity before Memorial Day.
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  Speaker 1: So what he is saying there is that they've already
• 5:09
  Speaker 1: planned this in the Rose Garden. There's a ceremony that
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  Speaker 1: is set up right now by the Trump administration. That
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  Speaker 1: is putting a lot of pressure on obviously Congress to
• 5:19
  Speaker 1: get this done. But more point, I think it's putting
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  Speaker 1: some pressure on the banking industry and even the crypto
• 5:23
  Speaker 1: industry to get this moving forward. My anticipation is this
• 5:27
  Speaker 1: is going to get passed, possibly very soon without stable
• 5:30
  Speaker 1: coin yield. So I know many of you would say
• 5:32
  Speaker 1: that's ridiculous, we don't need that, but remember guys, this
• 5:36
  Speaker 1: is I think a step in many steps moving forward.
• 5:41
  Speaker 1: That is basically putting the US hopefully at the center
• 5:45
  Speaker 1: of where digital assets are going to be going. All right,
• 5:47
  Speaker 1: So when you look at the pros and the cons,
• 5:51
  Speaker 1: one of the things you have to look at is
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  Speaker 1: where are we in the bare cycle? And I think
• 5:56
  Speaker 1: this is a good example. Bitcoin sixty k crash this course,
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  Speaker 1: where we've seen it downwards, hovering between sixty and seventy
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  Speaker 1: right now could be the halfway point. Now I don't
• 6:04
  Speaker 1: mean the halfway point in terms of the price, halfway
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  Speaker 1: point in terms of the market cycle of a bear market.
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  Speaker 1: That's the question that I think a lot of people
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  Speaker 1: are appointing to. Do you think it's going to go
• 6:15
  Speaker 1: ahead and go sub sixty if this does elongate out
• 6:19
  Speaker 1: further meaning clarity, or do you think we have hit
• 6:23
  Speaker 1: the bottom? Let me know in the comments down below
• 6:25
  Speaker 1: if you guys think we have hit the bottom.
• 6:27
  Speaker 2: Now.
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  Speaker 1: The other thing that could be a pro but also
• 6:31
  Speaker 1: a con, is the fact that Trump's cryptos are David Sachs.
• 6:36
  Speaker 1: I think his job's on the line, and that's a
• 6:39
  Speaker 1: pro because this means this guy's gonna work, he's gonna
• 6:41
  Speaker 1: get it done, and he doesn't want to go down
• 6:44
  Speaker 1: as the guy who failed President Trump. That's his biggest
• 6:47
  Speaker 1: worry right now, the man who failed President Trump and
• 6:52
  Speaker 1: his wishes to get crypto for America. If Sachs doesn't
• 6:56
  Speaker 1: get this through, this will be a big problem. And
• 6:58
  Speaker 1: I think that's why it's a pro because it's going
• 7:00
  Speaker 1: to push him to really get a solution in order.
• 7:03
  Speaker 1: And then of course another I think pro on this.
• 7:05
  Speaker 1: This is Patrick Witt kind of talking about not the
• 7:08
  Speaker 1: message you want to be sending crypto community before midterms.
• 7:11
  Speaker 1: This whether you like it one way or the other,
• 7:14
  Speaker 1: they win after this being the Democrats went after President
• 7:17
  Speaker 1: Trump and also kind of mock to the crypto industry
• 7:21
  Speaker 1: in general. So if you're an investor out there, great,
• 7:24
  Speaker 1: thanks for thanks for reminding us that we continue to
• 7:27
  Speaker 1: see a crash inbound. All right, so let's take a
• 7:30
  Speaker 1: look at a clip because this gets into the timing
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  Speaker 1: around where all of this could take place for the
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  Speaker 1: current administration. Take a look.
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  Speaker 2: If I can put you on the spot, Patrick, when
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  Speaker 2: does the President sign the Clarity Act into law?
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  Speaker 3: Well, I have a.
• 7:47
  Speaker 1: Birthday coming up, so let's say April third, how about that?
• 7:50
  Speaker 1: If that's real. I don't know if April third, is
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  Speaker 1: something that Wit is timing into it or is he
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  Speaker 1: speaking in code to know what's happening there with Patrick
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  Speaker 1: McHenry point being is that this could happen much sooner.
• 8:03
  Speaker 1: This of course would be a very big pro for
• 8:05
  Speaker 1: where the market is going. One other thing to consider
• 8:07
  Speaker 1: here is what Blackrock wants Blackrock gets. This is the
• 8:11
  Speaker 1: kind of thing that we've seen with the ETFs. That's
• 8:13
  Speaker 1: another pro I guess if you look at this, But
• 8:16
  Speaker 1: they of course are all in on tokenized assets and
• 8:18
  Speaker 1: where this is going to be going in the market.
• 8:20
  Speaker 1: That's why they want it in play. Let's go over
• 8:23
  Speaker 1: to another tweet real quick, because this is where it
• 8:25
  Speaker 1: gets in kind of interesting. The fact that xox now
• 8:28
  Speaker 1: has tokenized equities available for lending, leverage and yield, and
• 8:34
  Speaker 1: I anticipate we're going to see what next probably vaults
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  Speaker 1: all of that very pro for where this can play
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  Speaker 1: out in terms of clarity, but also in the market itself.
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  Speaker 1: This is kind of interesting right here. Another pro is
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  Speaker 1: that these are the super PACs that are entering twenty
• 8:51
  Speaker 1: twenty six Magus pack through in four mil. Then you
• 8:54
  Speaker 1: got fair shake, which is pro crypto one hundred nine
• 8:56
  Speaker 1: point being, here is a lot of money that is
• 8:59
  Speaker 1: pointed right at this market and all of those who
• 9:03
  Speaker 1: oppose where this is heading. So beyond the lookout, we
• 9:07
  Speaker 1: could see some people getting primary if things don't fall
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  Speaker 1: the way they should in this bipartisan votes as we
• 9:14
  Speaker 1: go forward. Another point that you have to look at
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  Speaker 1: that I guess is a pro is that Trump's family
• 9:18
  Speaker 1: is also all in on crypto. The family has made
• 9:22
  Speaker 1: almost three and a half billion from crypto in just
• 9:25
  Speaker 1: sixteen months. I don't think they want that faucet to
• 9:28
  Speaker 1: turn off. And in fact, they've got a big event
• 9:30
  Speaker 1: coming up February eighteenth, the or a Liberty Forum that
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  Speaker 1: I anticipate they're going to continue to move into a
• 9:36
  Speaker 1: direction where we'll see a lot of activity coming out
• 9:39
  Speaker 1: of there. Maybe there's some timing here that could also
• 9:42
  Speaker 1: be aligned with that. All right, so let's get into
• 9:44
  Speaker 1: the cons of clarity not passing. Here are some items
• 9:47
  Speaker 1: that I want to break down for you. Of course,
• 9:48
  Speaker 1: one of the big ones is a slowdown, and that
• 9:51
  Speaker 1: would happen if we do see a government shutdown by
• 9:54
  Speaker 1: February fifteenth, fourteenth, and the likelihood of that is still
• 9:58
  Speaker 1: floating very very high, right now you look at the
• 10:00
  Speaker 1: poly market seventy four percent or so, so that is
• 10:03
  Speaker 1: a con going forward. Also on poly market is the
• 10:07
  Speaker 1: balance of power is starting to shift. And guess what
• 10:11
  Speaker 1: the Republicans have really started to drop in terms of
• 10:15
  Speaker 1: the potential. The Republican Senate and Democrat House is right
• 10:19
  Speaker 1: now the lead with Democrat sweep at thirty six percent.
• 10:22
  Speaker 1: So this is another con that of course would slow
• 10:25
  Speaker 1: things down if we don't get at least the ability
• 10:29
  Speaker 1: to get a bipartisan approach toward crypto and how this
• 10:32
  Speaker 1: works all right, Another point that you want to look
• 10:34
  Speaker 1: at is that the US strikes Iran by a certain
• 10:37
  Speaker 1: date and as you look further into the month, there
• 10:40
  Speaker 1: all the way into almost junior at fifty four percent.
• 10:43
  Speaker 1: So the possibility is that this could happen. This is
• 10:45
  Speaker 1: why timing is very critical here for clarity to get
• 10:49
  Speaker 1: done before Congress and DC gets consumed with maybe a
• 10:53
  Speaker 1: conflict with Iran, so more issues that kind of point
• 10:56
  Speaker 1: in that direction. The other thing Tom Lee not mentioning
• 10:59
  Speaker 1: a word about clarity, Why is that? Why is the
• 11:02
  Speaker 1: number one eth man not going after clarity? That's to
• 11:07
  Speaker 1: me as a con in terms of maybe it is
• 11:09
  Speaker 1: not passing. Maybe it doesn't matter to tom Ley. Banks
• 11:12
  Speaker 1: also have formalized their opposition to giving crypto and fintech
• 11:16
  Speaker 1: furn's direct asset to Federal reserves payment system. This is
• 11:18
  Speaker 1: something we've seen for a while, but the banks are
• 11:21
  Speaker 1: turning it up and they have more money than anyone
• 11:24
  Speaker 1: when it comes to lobbies hitting into the market and
• 11:27
  Speaker 1: if they put the pressure on, especially on the lobby side,
• 11:30
  Speaker 1: another con that hits in. Big banks currently earned three
• 11:33
  Speaker 1: hundred and sixty billion annually from payments and deposits. They're
• 11:37
  Speaker 1: now lobbying to kill these rewards because the real competition,
• 11:40
  Speaker 1: let's boil down to it, means that Congress is going
• 11:43
  Speaker 1: to be able to pick winners and losers. That's not
• 11:46
  Speaker 1: something that the banks want for sure, especially for the
• 11:49
  Speaker 1: situation of their profit and loss statements going forward. Coin
• 11:54
  Speaker 1: to ask, of course, this is kind of interesting. This
• 11:56
  Speaker 1: was put out JP Morgan cuts coin in terms of
• 12:00
  Speaker 1: their price target from three nine ninety to ninety. I
• 12:03
  Speaker 1: don't know if this is a troll or is this
• 12:05
  Speaker 1: you know, obviously this is JP Morgan and coinbase going
• 12:07
  Speaker 1: head to head. JP Morgan put down an analyst offering
• 12:10
  Speaker 1: here that's considerably lower with times like this, and of
• 12:13
  Speaker 1: course maybe that makes sense, but again you have to
• 12:15
  Speaker 1: be very cognizant that you have investors acting on this,
• 12:20
  Speaker 1: JP Morgan. So this is something that whether you're trolling
• 12:23
  Speaker 1: or having fun or not, I think this is a
• 12:25
  Speaker 1: serious issue that is a bad thing for where this
• 12:29
  Speaker 1: may align with crypto. One other thing to consider here
• 12:32
  Speaker 1: is where do the lines draw when it comes to
• 12:36
  Speaker 1: the Republicans and the press. Democrats are after Trump and
• 12:40
  Speaker 1: the administration for doing things like this, trading meme coins
• 12:43
  Speaker 1: and being involved directly into World Liberty FI, all those
• 12:46
  Speaker 1: kind of things. That's the problem is that is a
• 12:49
  Speaker 1: red line that the Republicans won't let happen, and the
• 12:52
  Speaker 1: Democrats want to pierce that veil and get into it.
• 12:56
  Speaker 1: So that is another issue. Don't forget Millennia was all
• 13:00
  Speaker 1: also launched right after the Trump token. Remember, we saw
• 13:04
  Speaker 1: a lot of this happen. Many people in the industry
• 13:07
  Speaker 1: were just fed up with it. But I think now
• 13:09
  Speaker 1: what you're dealing with is a real situation where the
• 13:12
  Speaker 1: bipartisan connectivity is starting to break apart because of this issue.
• 13:17
  Speaker 1: One other thing is this This is a Forbes article
• 13:20
  Speaker 1: that basically is talking about finance and cz who remember
• 13:24
  Speaker 1: was pardoned and now holds eighty seven percent of trump
• 13:27
  Speaker 1: stable coin. That's not all, guys. We are seeing all
• 13:30
  Speaker 1: sorts of things coming out in the Epstein files as
• 13:32
  Speaker 1: they continue to drop. So are we going to see
• 13:35
  Speaker 1: something that could be you know, next level event coming
• 13:39
  Speaker 1: out of these files as they continue to hit the market.
• 13:42
  Speaker 1: All of these are definitely read herrings around a potential
• 13:46
  Speaker 1: no Clarity Act going forward. All right, So ending on
• 13:50
  Speaker 1: a good note, and that of course, is this right
• 13:51
  Speaker 1: here that we have a pro sec and Paul Atkins,
• 13:56
  Speaker 1: you'll align that with a pro now CFTC and we
• 14:00
  Speaker 1: may get clarity without actually having the requirement of Congress
• 14:03
  Speaker 1: being involved. So that could line up to where a
• 14:06
  Speaker 1: lot of companies will have the benefit. Now, can that
• 14:08
  Speaker 1: get affected with the next administration, Sure it can, but
• 14:12
  Speaker 1: at least this is definitely in the right direction. So
• 14:15
  Speaker 1: we're going to continue to cover this. Of course, obviously
• 14:17
  Speaker 1: the issue is faced right now with when will this occur?
• 14:21
  Speaker 1: Because timing is now everything As we watch bitcoin struggle
• 14:26
  Speaker 1: in the sixty to seventy K range, it is going
• 14:28
  Speaker 1: to be a very busy week. If you like this video,
• 14:38
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• 14:41
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• 14:44
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