WHITE HOUSE *BOMBSHELL* CLARITY ACT UPDATE!

The guys talk about the latest update on the Clarity Act and how JAPAN, XRP & XLM ARE BUILT FOR THIS MOMENT!

Transcript

SPEAKER_07 0:13

Your commitment. No one doubts your commitment, but none of the catalysts have translated to token price. ISO 20022, which I never said would translate to price. I always said that was a messaging standard. Not the thread of removes being closed. That one's fair. I did call that, but it it has not manifested in the reverse carry trade unwinding yet. That has drug out much longer than I anticipated. So that one's fair. Not yen to USD over 160. I did say 161, 162, uh 160, 161, 162. And we are right there. So I think you're being a little uh quick on the draw here. Um not DTCC going 24-5, which again, stocks aren't trading 24-5, uh, like I thought they had announced they would. Again, I don't control the DTCC. Uh, we're at a dollar five, despite it all. Are you not concerned? If not, why? I am not concerned at all. I have zero concern. Uh we are right where we're supposed to be. The timing on this could not be better. Um sentiment to exactly what you're pointing out here is in the gutter. Most people are selling off their positions. They either done with it, they're tired, they're beat up. Um, and that is right before good things happen most of the time. So I I hear you, I understand your frustration. There is not anybody that watches this channel, or I don't really think there's anybody in the world that wants XRP to more to move more than I do. I I can assure you. Uh there hasn't there is nobody, maybe besides Brad Garlinghouse or people at Ripple that have bet more on this than me. There's not. Um, so I'm I'm right there with you. And I'm I'm watching things play out real time, and I am not doubting it at all. So I don't know if that gives you hopium that you're looking for. Uh, but I'm excited. Uh like this is the most excited I've been in a long time. Uh I think we're right on the doorstep here of things cracking open in a big, big, big way. Uh and and it needs to be for the for them to implement everything that they want to do through the rest of the year. You've things gotta move here. So there's not an option at this point. And Japan's out of options. They're they're back into a corner. Uh, if we see if we do see an oil spike, off we go.

SPEAKER_03 2:25

Um good morning, everybody. Hello, and welcome back to another episode of your favorite crypto news-related channel. And as you guys can tell, we've got another massive Clarity Act update prepared for today's episode because the White House is hosting an emergency meeting with lawmakers in Washington, D.C. today to make an effort to get the Clarity Act across the finish line. But we're also gonna be breaking down some major catalysts that are unfolding in Japan as we are on the brink of a once-in-a-lifetime collapse, Johnny, with the Yenda US dollar trade trading above 162 for the first time in history. And we're gonna be breaking down is there a massive collapse on the horizon and what does that mean for the XRP community? We're also gonna be talking about some of the latest updates in regards to JP Morgan. Now, this is a really interesting one. If you didn't catch my update from last night, JP Morgan officially calls for clear crypto rules as the Clarity Act is advancing and it confirms tokenization will modernize finance. But we're gonna take this one step further, reading some exact excerpts from this article, Johnny. And I think if you haven't seen them yet, because Johnny, I don't think you saw this update. JP Morgan now coming out and supporting the Clarity Act. We've entered the Twilight Zone, my friend. So that's gonna be another major one that we're breaking down for today. But we already have nearly 1,000 live listeners here joining us. If you're excited, you enjoyed this content, smash that like button and help us pass 589 likes on today's episode. When that happens, we stick around for a little bit of overtime. Now, obviously, people are paying attention to what's happening in the market this morning from a price action standpoint, but I would also encourage you guys to look at what's happening from an institutional capital standpoint. As the DTCC just officially launched 24-5 clearing, expanding its trading hours to usher in a new era of global access and efficiency for the U.S. equities market. And this is what this isn't the only point that's interesting, Johnny. We're gonna be breaking this down later on in the episode as well. Guess which company holds clearing code 40443 to facilitate settlement inside of the DTCC's netting division. That would be the one and only Ripple Prime. But with that being said, guys, I'm gonna give you a brand new Clarity Act update. We're gonna kick it to our man Johnny Crypto. If you're excited, you enjoy this content, smash that like button, leave some of your thoughts in the live chat. We're gonna incorporate them into today's episode. Here is a Black Rock representative. And Johnny, you're gonna appreciate this clip as well. This is a Black Rock representative talking about what's the state of the Clarity Act and what's the likelihood this gets across the finish line in the summer of 2026. He provided an answer I don't think people were expecting. Here it is.

SPEAKER_02 4:46

That Clarity would be passed and signed by July 4th. That date is creeping up on us. I don't think that's gonna happen. Um, if that doesn't happen, what's your outlook? Does it change?

SPEAKER_05 4:56

I think my outlook is I think the likelihood of that happening is now sub 50%. I'm still optimistic that if it doesn't happen by the August recess, it'll happen this year. I do think um the regulators now, with the CFTC and the SEC, can probably rule write most of what we need. The problem with rule writing is it's much more reversible than um than what you see when it joins statute. I've been spending a lot of time in Asia. I've been in Korea and Hong Kong four times in the last nine months. They've, on the one hand, been waiting for the Clarity Act. I actually think if it's not passed, you're gonna see Asian local governments pass equivalents to try to catch up and even get ahead of the US. So I'm long-term very optimistic. I just think we need no pun intended, a lot more clarity, not just about US regulation, about global rates, and about the geopolitics. And let's not underestimate, you go to South Korea and all you hear about is Samsung and Heinz. We need this AI super cycle to really ramp up here inside the United States.

SPEAKER_03 6:04

That's the back end of that clip, Johnny. But here's another thing, and I'll kick it straight to you here. Remember Tom Lee's clip yesterday where he said, I think crypto is the second tier of the AI trade. It's the money market, um, it is the monetization part of the AI economy that's being developed. And that's kind of what the BlackRock narrative was was really hinting at here. He's saying there's an institutional migration that needs to take place, and it can't get done without this clarity. Floor's yours. How are you feeling?

SPEAKER_09 6:32

Good morning to all the cryptomaniacs out there. Love and appreciate you guys for showing up every single day. You know, listen, he's not wrong that we need to clear the act. We all know this at this point, and and we all know why, because having rules that can be, you know, washed away with soap and water aren't as good as rules that are carved in stone, right? And if you get a law passed, well, they're pretty much carved in stone, they can't be changed, you need Congress to rechange it, you know, and and so the reality is at that point it's kind of locked in, and everybody knows what they need and what the deal is. You know, what it what should worry everybody is exactly what you heard them say is hey, look, if we don't do this, Asian countries who are or see, here's what you have to understand, abs. Right now, we're not the only ones watching our US government and seeing what's going on. Every other country that doesn't have rules yet and laws are watching us too, waiting to see what we're gonna do because we're the leaders in the world. That's just how it's always been. We've been the leaders of innovation. So they're sitting there going, okay, but sooner or later they're gonna get impatient. Sooner or later, if this thing falls apart, abs, and we don't get it by August, by the end of August, they're gonna sit there, they're gonna say, Okay, it's time for us to move on. U.S. can't get their shit together. We're gonna figure this out on our own. We'll take the and the here's the worst part now. They would be able to see access to what we've put together so they can get 80-90 percent, or they could take 80-90 percent of what we've done or whatever you know they don't want, they'll throw out or they're revise and do their own, and then they can move on. And then they kind of almost like hijacked our rules, and now they're moving ahead, and we're still sitting here in in limbo and neutral doing nothing. That's not a good thing. So, for me, uh, we wanted we want these guys need to get this stuff going, they need to get their shit together and get this thing done. Now, I never thought we'd get it done by July 4th. I told you that with a minute you told me I said no way, it's too quick. Frankly, to be honest with you, the fact that they're not even here for the next two to three weeks, they gotta come back, they gotta move quick. We better hope, and I know I'm reading that they are working in the background anyway, they're making phone calls and talking to try and keep this ball rolling even while they're not here. That needs to happen so that when they come back, we see quick movement on this thing. Is this gonna take a lot to get this thing done by August now, to be honest with you? Now, I still think it can. I think President Trump's gonna push hard, and I think these guys are all working close to a solution, and they understand the rest of the world is watching, even BlackRock's in there telling you. So I um I think at this point now it's just a matter of we sit back, we let them do their thing, and once they come back and get this thing hopefully passed, we finally can start moving to understanding what real world adoption looks like. Because companies are once we get the law passed, it's gonna take time to write the rules, but that's okay. Companies will start moving forward because they'll know it's coming. That is the that's the thing right now that's holding everybody back that I'd like to see us move to the next level. And when that does, Abs, these low prices we're seeing today, you may never see them again. So I don't know about you, my friend, but I've been DCing very, very heavy. This week, Abs has been one of the biggest weeks that I've been DCing into the market right now.

SPEAKER_03 9:23

Well, guys, we're gonna talk about this because there's a good conversation happening in the live chat as well. Michael Saylor made a big announcement yesterday. They opened up the door to potentially sell $1.25 billion worth of Bitcoin. And this is another narrative that I've been very transparent about here on Good Evening Crypto. I never trusted the micro strategy narrative, and I never trusted what Michael Saylor was talking talking about when you looked at his company. Because the way that he would market himself is we're gonna go out and buy as much Bitcoin as we can and never sell it. But you look at the financial products that were structured around their Bitcoin treasury, and there was always a possibility that they were gonna need to dump some of those holdings in order to pay out the dividends that are earned year by year. And it's not some small number, it is 13.5% that has to be paid out to investors annually. That's a lot of liquidity, especially from an asset like Bitcoin, which doesn't produce anything and doesn't have some sort of recurring revenue stream here. But what we're gonna be breaking down next, guys, is what we're talking about today. We've got two major updates. One in regards to the White House Clarity Act meeting, which is kicking off right now. And then we have a JP Morgan update that we're gonna be breaking down as well. But we already have nearly 1,500 live listeners. If you're excited you're enjoying this content, smash that like button and throw a one in chat if you believe Clarity gets across the finish line. Put a two in chat if you think it's not happening in the summer of 2026. Well, the evidence, it's slightly stacked in our favor. Listen, I know on other channels they're talking about how the Clarity Act, yeah, it's got some resistance. It looks like the banks don't want it, but behind the scenes, they're building blockchain products. We heard yesterday from a Washington insider in Mike Novingrads who said, all of the moderate Democrats, everybody who's not super far left, they are advocating for this bill and they want this to get across the finish line. We have to assume that some of that pressure is coming from the lobbying parties behind these politicians. And who's one of the most powerful lobbies? Well, that would be crypto and that would be banking. So pretty good sign for the markets here, guys. But here's the big update that I wanted to provide for you all this morning. The White House is reportedly meeting with law enforcement groups today, June 29th, 2026, to address the concerns over the Clarity Act's crypto provisions. Now, the meeting is set to be particularly around Section 404, the Blockchain Regulatory Certainty Act, which says very simply crypto software developers and network validators aren't banks because all they do is write code. They don't hold funds like a bank does. And as such, they shouldn't be held to anti-money laundering enforcement laws. Now, law enforcement has the opinion that it creates a giant invisible cloak for criminals to hide dirty money because anti-money laundering rules won't be required in crypto under this section. The aim today, during this emergency meeting, is to resolve the issue while outstanding ethics issues still remain regarding the current US president over whether their involvement in crypto, such as creating their own coin during a public tenure, can be tolerated. And Johnny, we've been fairly critical of that narrative for a long time. But here's what Tim Scott had to say on this as well. I agree with Senate leader John Thune, the Senate should vote on crypto market structure legislation in July. The banking GOP advanced a bipartisan version of the bill that would deliver clear rules of the road, protect consumers, and keep innovation inside of America. It's time to deliver for the American people. And then Patrick Witt followed it up with some more optimistic statements saying July is shaping up to be quite a month. What a better way to celebrate our nation's 250th than by cementing the American leadership in global financial markets for decades to come. Now, obviously, this is an indication that they're working to get the Clarity Act across the finish line. But Johnny, I want to focus on that first tweet more importantly, because that's the one that I think our listeners are probably most interested in. As you can tell, the White House is meeting with law enforcement groups today, and they're not talking about the ethics issue. They're actually talking about the development issue. This is another one that I think will be more easily resolved than the ethics portion of the bill, but I want to hear your thoughts and then I'll share mine. Floor is yours.

SPEAKER_09 13:04

Yeah, absolutely. I mean, listen, anti-money laundering is always going to be an issue. And there is going to be some kind of concern. And I'm not against that one. I think they do need to figure out a way where developers can develop, but they know who they are, so that they're not, so they're not just creating a coin that can be used illegally or can be set up in such a way where where we don't know who they are and they are doing illegal things. I mean, there's no reason why there can't be a way to solve for that apps. That does not come up. That to me uh is not as big of the issue as the ethics issue. Now, the ethics issue should also be very easily solvable. It's just a question of whether they have the will to want to solve for it. Both issues are solvable. I do think they need to, you know, listen to the industry and not what you don't want to do in the process of solving is is basically handcuff developers to the point where they can't go and develop or they can't be innovative. But I think there's a way to do it where you know they can register, you know, however, whatever they decide to come up with, so that so that the companies know or the coins, you know, that they're developed just like a company. When you file a company, when you set up a company, you have to disclose who the owners are of the company, right? There is no reason why there can't be a way to do that. So for me, I agree with you. I think that's an easier one to solve. The one I'm always worried about and have been worried about from day one has been the ethics issue. Because for me, obviously, what I worry about is first of all, will they have the will to want to do it because that means they're not gonna be able to make money on the side. Uh, but the reality is if they don't, I don't think it's gonna pass apps. I really think the Democrats will hold this thing up. I honestly believe this will be a sticking point for them, and they will go, no, no, no, no, look what President Trump did, and that's why I'm so aggravated. And you and I remember you and I were in Washington. We were in Washington, we were recording the 12-hour event that day, and we were in the bed, we were in the same room, and we were talking about we're like, why did Trump just launch two meme coins? He launched the Trump coin and the Melania coin, and we were sitting there talking about the ramifications. But who would have thought back then when we were talking about that? Literally, it is one of the main issues holding everything up right now today, right? We knew it was gonna be a problem, unfortunately, but I'm not bashing Trump. Somebody said I'm bashing Trump. Blue said, Come on, man, you should know better than I'm not bashing Trump. I'm just saying that was not a smart move on his part at that time, and now it's coming back to hurt us or hurt them or hurt the whole industry. So I just hope there's a will abs to put something in place because the dams are gonna continue to point to that, and so there is gonna have to be some solution in there on the ethics side. And it sounds like I think Republicans are starting to recognize hey, yeah, we are gonna have to do something here, or is it gonna happen? So, to me, that is the way it's gonna have to go. We're gonna need a resolution to both. I think both are solvable. The question is do they have the will to do it? And I think right now, just the fact that right now they're they're getting ready to go on vacation and they're all talking about this stuff tells me there's a will to get this thing done.

SPEAKER_03 15:50

Absolutely, Johnny. And it is a little bit ironic, right? Let me just call out some of the hypocrisy here, not on your end, but in the Clarity Act, is that all of these congressmen, all of these congresswomen, they can hold and trade stocks, they can invest in commodities, they can do all these things, but with crypto, they're gonna shut it down, they're gonna prevent crypto regulation from getting passed because President Trump launched a project that lost 97% of its value in 12 months. So talk about abs. Talk about hypocrisy at the highest level.

SPEAKER_09 16:15

Like in stocks, oh yeah, we can insider trading, no problem. Crypto. Oh, can't do any crypto. What? What's going on? What do you mean? Why don't we why don't you know what we should do? We should be okay, hey, we'll do the ethics thing, but you know what? Also, stocks too. No more, no more insider trading. Forget about it, then nothing would ever happen. But the point being is you're right on, you're a spot on apps. It's like okay for one industry and not okay for the other. And that just drives me bonkers. It just it just makes no sense to me how the hypocrisy you can sit there and point and go, Whoa, oh yeah, President Trump did this. Well, how about Nancy Pelosi? Apps how much money Nancy Pelosi has made on insider trading. I mean, they created an app to follow Nancy Pelosi's trading because she makes so much money on this stuff. And I didn't mean to derail you, but the point is the hypocrisy is off the charts, and that's what aggravates me if somebody said it right. XRP5P9, you're right. They're all crooks, you're not wrong. But hopefully they get this part right because they ain't gonna fix the stock thing at this point. Now, what we need to do is hopefully get this part fixed, but it is hypocrisy at the highest level.

SPEAKER_03 17:12

And here's another thing, guys. So, what I was kind of getting at with that narrative is that Trump obviously didn't think that 97% of the value was gonna dissipate from his project. He launched this to not only garner attention from the crypto voters, but potentially to help his supporters. Maybe Donald Trump was sold the narrative that yeah, these crypto projects, we can manipulate the liquidity and we can make sure this performs in a certain way. Little did he know market makers came in and absolutely destroyed the liquidity on the Trump coin. So that would be my biggest concern once again is that Donald Trump, and listen, we have to be objective about this. People can make mistakes, but objectively looking at that crypto project, Johnny, I don't think it will be viewed as a positive thing in the long run. And it's already being used against Trump because of this meme coin narrative, guys. I would advise any 80-year-old man, do not launch a meme coin. It's just too difficult. You got enough good things going on. But we already have nearly 13. Sorry, we got 2,000 live listeners here. If you're having fun, you enjoyed today's content, smash that like button. We're at nearly 400 likes. Help us pass 589. We stick around for some overtime here on GEC. And I've got some really interesting updates. So we just talked about how the White House is having this emergency clarity act meeting. Well, JP Morgan is also throwing their hat in the ring, Johnny. JP Morgan calls for clear crypto rules as the Clarity Act is advancing towards the finish line. And um, I'm gonna read an exact excerpt here from the article right here. So JP Morgan officially backs the Crypto Clarity Act, stating the United States must take great care of how it establishes a framework for digital assets. The promise is clear. Tokenization, programmable money can reduce friction and payments, shorten settlement cycles, and unlock efficiencies that benefit businesses and consumers alike. Now, here's what I want to say that one sentence alone, congratulations to the good evening crypto community, because this is the narrative that we know is coming to the mainstream after this market gets regulated. Once this market's regulated, once JP Morgan is in a position to profit off stable coins and just digital assets at large, every single one of their clients is going to be getting an email, not only endorsing these products, but saying, hey, this may be something you're interested in. And look, you can even earn more money this way. But let's continue here. These technologies have the potential to modernize financial infrastructure in a meaningful way, particularly as commerce and investments become more global and operations move to 24-7, 365 settlement. If that doesn't sound like an endorsement for the XRP ledger, and again, they're not talking about XRP in particular, they just happen to be describing the same ideas that the XRP ledger has perfected. But Johnny, we're gonna take this one step further here. As Eleanor Terrett said this, this might be a hot take, but I didn't read the JP Morgan blog post as backing the Clarity Act, as many other people have. Now, I'm gonna read this for our listeners. One's in chat if you agree JP Morgan's supporting Clarity, two's in chat if you think there's something else going on here. But let's read the excerpt and then we'll share it with Johnny. Now, while the authors praised the digital assets for their potential to enable tokenization and modern infrastructure, they stopped short of endorsing any specific legislation. Instead, they advocated more broadly for digital asset market structures framework with larger, stronger safeguards, while also echoing the concerns that Jamie Diamond, the CEO of JP Morgan, had previously raised about stable coins and illicit finance. Now, the line that stood out to me was the paragraph immediately after the authors outlined the bank's digital asset initiatives. And here's the quote: responsible innovation is already possible within existing guardrails and it can still scale further with the right framework. To me, that suggests, and to Eleanor Terrett, she's the me here, that suggests that JP Morgan believes it can already innovate responsibly under today's regulatory framework, while viewing market structure legislation as beneficial, if it also addressed the long-standing concerns about stablecoin yield and illicit finance. So that's some great insight. And it's one of the reasons that I believe Ellie's the best in the business, guys. But I want to hear from you guys. One's if you think JP Morgan's supporting clarity, two's if you think this is like another misdirection, they're playing some kind of a word game here. I'm sure you have some thoughts on this, Johnny. So I'll keep mine real short. Here's what I think is happening. JP Morgan understands the narrative. Say one thing, do another. Behind the scenes, they're working with Coinbase, they're working with Washington, D.C. They want clear rules of the road so they can dominate the industry. JP Morgan is gonna walk out of the 20s, whatever century we're in, or I guess decade we're in, they're gonna walk out of the 2020s. JP Morgan is gonna be a leader in crypto by the time this thing's done. That's not an opinion. Look at the products they're developing. They want to be a leader in stable coins, they want to tokenize assets, they want to integrate DeFi. They're moving into crypto at a full scale. Do you think they'd be willing to do that if they weren't gonna have insurance, if they weren't gonna have rules of the road? So that's a fairly obvious port part of this whole thing. But the second part of this is what I'm gonna play for you right here. This is a Coinbase representative saying we're working with JP Morgan on the Clarity Act. Here's the clip.

SPEAKER_04 21:53

Well, this will be actually the biggest financial regulatory bill the Congress has done in quite some time, certainly since Dodd Frank. But what this does. Actually, is it creates clarity for the crypto sector? But interestingly, you know, notwithstanding the concerns from the banks, it actually creates a broad range of new powers for the banks. In fact, this will be the first piece of legislation since the 90s that gives the banks new authorization uh to get into the crypto space. I know JP Morgan wants to get into it. Every other big bank wants to get into the crypto sector. We are welcome their entry. We work with many of them in helping them build the services that they want to offer their customers. So it's a big, important piece of legislation. It's transformational in its nature, and you know, and we're very very close to getting it done.

SPEAKER_03 22:38

There you have it. That's a great clip for a lot of reasons, Johnny. But the biggest thing was big banks want to integrate this technology, and Coinbase and JP Morgan are working together to get that done behind the scenes.

SPEAKER_09 22:50

What I've been saying on this show for five years now, which was ingrained in my brain for 20 years as I work for Procter Gamble. Johnny, we need cheaper and better products. Cheaper and better. Very hard to do, by the way. Very hard to do. It's easy to say. And CEOs, oh yeah, cheaper and better. It's freaking hard to do. Well, let me tell you, crypto solves that problem. Blockchain technology brings in cheaper and better, cheaper and better products. And so there's no question asked. There isn't a single doubt in my mind that every single bank on the planet doesn't want crypto and blockchain technology. The thing is, what where the difference here is the difference between blockchain technologies and the use case of the crypto. And that's that's where you know you said earlier, like, oh, I wonder if JP Morgan's playing word games. They are 100%. Because Jamie Dimon will come out and tell you all the time, oh, we love blockchain technology. Yeah, we got patents on it, we're working on it, we got it built in. They love it. It's the cryptocurrency part of it that he always says is got is meaningless and useless and has no value to it. And so that is where the word difference through the where I call it word satellite, or what he where he's mixing it up. But there is no question that they've already got blockchain technologies working, running, and they got their own 22, right? They're kinetic kinetics kinetic kinetics. I keep changing the name of it, Anks and then kinetics and all that. Um, but to me, at the end of the day, it is one of those things where um he he's gonna they will be leading the way. There's no doubt they will have blockchain technologies and efficiencies running. The question is what how are they gonna do and how they how is cryptocurrency gonna play into that and and how hard are they gonna fight against us? Because here's the problem they're fighting right now against the Clarity Act, which also kind of slows down the adoption of blockchain because the two are kind of tied together, even though they can be separate. And that's the part that I think I'm hoping when JP Morgan says, hey, we're close, we want clarity. I'm hoping they're saying, hey, we like what we see. Or are they saying, ah, we want it, we support it, but we still don't like what we see, and we want to see these other few things put in here. We want anti money laundering, we want uh, you know, we want yield uh protection and that kind of thing. So which by the way, if you listen to Senator Loomis, everything that he's been asking for, apparently is already in the bill. So maybe we're finally at the point, Abs, where they are there. But I'm just saying, cautioning, be very careful when Jamie Timing talks, because he will say one thing, and people will misconstrue when he's talking about blockchain as cryptocurrencies, and they're two different things, and that's how he's viewing it in his head. So that's just you know, one way to that's just one of the things you have to be mindful of is that he views them as two separate things.

SPEAKER_03 25:25

Well, here's another thing I want our listeners to keep in mind is that there's only a couple of companies that are really working with banks to integrate these blockchain technologies, and one of the companies is Ripple. Here's a very short clip of Brad Garlinghaus talking about what they're doing to integrate TradFi into blockchain. Here it is.

SPEAKER_06 25:40

So I I think about Ripple's digital asset that we focus on as kind of our technology stack, XRP. The utility there is really focused on payments uh and leveraging the speed and efficiency of that blockchain in a way for institutions. And we've seen tremendous demand. I mean, last year, partly through acquisitions, we cleared $16 trillion of payments or uh clearing on the prime brokerage business. But the last year, the percentage of that that went through a digital asset was close to zero percent. So the opportunity is to introduce and bring traditional finance, and ripple's strategy from the beginning has been how do we bring traditional fans into the modern architecture of blockchain? And now we through some acquisitions, we have a tremendous opportunity to bring that in.

SPEAKER_03 26:23

So, well, Johnny, I I think $16 trillion worth of payments are being processed by these uh acquisitions that Ripple has made here. And again, this goes to show what the blueprint is for Ripple. Everybody who's frustrated about what Ripple is developing, you're not separating the forest from the trees. What Ripple is doing with their entire narrative here is creating demand for the XRP token, but they're also creating utility. And this is another example of this that I'm sure our listeners haven't seen yet. Ripple has proposed a lending protocol for the XRP ledger that would allow institutional capital to borrow against the tokenization of real world assets. That means Ripple is gonna allow for these companies to tokenize products and then extract the liquidity from these products while leaving them on chain. You want to talk about how a supply shock occurs? Take all these different narratives the Ripple Prime, the stable coins, the tokenized assets, the lending protocols, the DeFi opportunities. It's all being developed before our very eyes. And Ripple is sitting at the center of almost every single one of these narratives when it comes to the XRP ledger. I'll say what we weren't allowed to say for a long time, Johnny. I am only so optimistic on the XRP ledger because of what I know Ripple has developed over the last decade or so. But you don't have to take my word for it. Let's hear what Brad had to say just a couple of weeks ago.

SPEAKER_01 27:33

The question is should XRP holders be able to benefit directly from Ripple's, you know?

SPEAKER_06 27:38

Well, I mean look, I hope XRP feel like they are benefiting from Ripple's existence by virtue of what we're doing to try to catalyze things within the XRP community. Uh you know, is there a scenario if and when Ripple goes public? Would we do something special for people who hold XRP or something? Maybe. But I I I mean that's not in the immediate term. I view that as kind of like, but I I mean to some degree you're asking, and let me be clear, I freaking love the XRP family. It is such a like and so like I want to do things that are good for the XRP community. Like I it is a driving mission. And I hope that when Ripple's thinking about an acquisition, we're thinking about it as okay, how does that catalyze things within XRP? When we make investments outside of Ripple, how does that, yeah, how do people adopt XRP? When we help partner, we want a really high-class, high-quality digital asset treasury company like Ever North to exist. We think that's good for the community, we think it's good for Ripple shareholders, we think it's good for everybody. Uh, and so yeah, we want to see that happen and we'll continue to lean into things like that.

SPEAKER_03 28:44

Well, guys, we're at 515 likes. If you agree with Brad, smash that like button. And when we pass 589, we're gonna stick around for some overtime during today's episode. And Johnny, there's just one more short clip that I wanted to play because it fits perfectly into what I think you're gonna break down, which is this is institutional adoption happening, but it happens through these companies like Evernorth and Ripple. Here's the clip.

SPEAKER_00 29:06

Our mission is really to accelerate um XRP's institutional adoption. And this is like, I think, something that uh we've said over the years is that uh we're not disruptors um in the traditional sense, uh, we're bridge builders. And uh, you know, the the XRP ledger, uh companies like Evernorth uh bridging traditional capital and bringing that on chain. That is where the market is headed. Uh, that is what we need uh for markets to scale.

SPEAKER_03 29:36

And you have it right there, Johnny. So what are they doing? They're bringing institutional capital in, they're creating a way to generate yield, they're increasing the amount of XRP per share in the company, and so people can buy this, earn an income, never sell, and have exposure to XRP. For chores.

SPEAKER_09 29:53

I mean, that's exactly we couldn't ask for a better scenario, right? But I love the fact that you know, Brad talked about look, Brad was basically trying to say everything we do, XRP's at the center of it. And he and he probably didn't want to say, yeah, I don't know about president, but that's interesting. Abs, you could be the VP. There you go. You're young enough, so it's good. Um, you know, the reality is I couldn't, I I said this earlier. I I love the fact that Brad has got XRP at the center of anything. I love the fact to be honest with you, I'll make it very simple. I love the fact that Ripple owns 35 billion releases because the fact that they own so many of them all means they're always gonna have incentive to want to grow it. Once they unleash all of those and don't have anymore, that's when everybody should worry. Because then they're like, well, what's the incentive to grow XRP anymore? Right now they have a massive incentive to grow XRP. So to me, we want them to continue to do that. So I believe and everything they're doing, apps, is to build the ecosystem around XRP. I mean, we have a whole company that they're focusing on trying to build up that ledger. You cannot ask for a better opportunity. Look, look at Cardano, they're flopping around, they don't know what the heck to do. They don't have a whole company and organization out there whose main focus is to uh grow this thing, right? Instead, they're trying to figure out how to develop, they're still writing code and trying to find use cases and that thing. It's it's a very completely different scenario. So for me, I think uh uh XRP holders are in a good position because not only do you have the technology that's out there and adoptable and people can use it, but you also have a company that that they literally are focusing on trying to push that. I mean, Ripple doesn't have to do they think they got so many billions in the bank now. They literally could like say, okay, you know what, we're gonna go do something else. They could. I'm not saying they would, but they literally could. They got so much money, they could change their business plan, right? But they're not. Instead, they bought companies Mataco, G Treasury, uh, Hidden Roads, and then they're deploying their technologies in these companies. That is the best case scenario. We cannot act, we cannot ask for a better scenario than what we're seeing right there, to me. And then having XRP North, uh uh, I mean the um Ever North there to be able to kind of create a track, a whole nother business model around how to generate yield and also build use cases on the ledger. I mean, are you kidding me? We're we're in a prime position, my friend. Right now, it's just the key is apps. People need to be patient, and that's the hardest part. Because you know what? People are looking at the price and they're not looking at the the building of the foundation. You know, you gotta kind of think of it this way. Think of like you're constructing this massive hundred-foot building, right? Or a hundred-story building. We're just pouring the concrete in the foundation right now. It was all kind of terrible. I don't know. It looks horrible. Yeah, but you gotta understand that sooner or later there's gonna be a beautiful building on top of that foundation. Or right now, even the foundation looks like crap. And that's the problem. People, the price is the foundation. It looks horrible. But where it's going is what you have to keep your eye on. And for me, that's why I don't care about the perfect. I can't wait to get up. I can't wait to go buy some more today and continue to DCA. And I'm just DCA in very, very heavy this week because I really feel like I really feel like we're close to the bottom. I don't care about if it goes down another 10 cents. That doesn't bother me. I feel we're very, very close to the bottom. At this point, I'm ready to dive all in with the rest of the money I had on the side, and then we wait and we see where it goes. But to me, I just feel like we're about ready. This whole thing is gonna turn around, probably about a month or two months. And I won't be looking at myself going, oh, why didn't I, you know, why did I try to catch the bottom? No, no, no.

SPEAKER_03 33:10

I'm very happy with where we are today. Well, here's the truth, guys. BC Backer also agrees with Johnny Crypto that the time to be nervous was starting in October, November, December of 2025. Now we've already had the major capitulation. The bear market move is essentially behind us. And even if we have one final liquidity wick down to 90 cents for XRP or down to $55,000 for Bitcoin, what BC Backer said is the bottom is essentially in and he has 80% re-entered the market. So 80% of his capital is essentially back in the crypto space. There's only 20% left to dollar cost average in. And why is that, Johnny? Because he thinks we are severely undervalued in this environment. But I would encourage all of our listeners, guys, if you want to practice the same things that we do, click on the iTrust capital link below by leveraging their PCA account, or you can use their Roth IRA to get deferred taxes. I'm using their PCA account to accumulate as much digital assets as I can while we're in this bear market. And why does iTrust allow for me to do that? They only charge a 1% fee to use their network. If you use another exchange, they're gonna charge you 3%. They may charge you 4%, they're gonna add on a bad rate. Like a lot of times you'll use, and I don't want to throw any exchanges under the bus, but let's throw a Coinbase out there, their list XRP for $1.50. You go to buy the asset and you're buying it for $1.53, and then they're charging you a 4% rate. That is the type of stuff that you want to avoid. So click on the iTrust Capital link below and you're gonna get a $100 free signup bonus, funding bonus, sorry, to kick off your account here in 2026. But we are very close to that $589 like mark, guys. If you're having fun, we're about to rock and roll into the overtime portion of today's show. Smash that like button and be sure to stick around. Johnny, I just saw you got to run. I want to give you a chance to just say goodbye and thanks so much.

SPEAKER_09 34:49

Absolutely, I love you. I gotta say, I couldn't agree more with this guy's comment right here. Dollar four or 90 cents, who cares? Exactly, exactly how I feel. It doesn't matter because when it's in the eight or ten or twenty dollars, you ain't gonna give a crap. You're just gonna be pissed if you missed it. So that's how I look at it. That's the way I think about it. And you know, I also want to say thank you for this comment. We appreciate you guys too for showing up every single day. But we're here for you guys. We love you guys, we appreciate you guys' abs. I love you too. And I'll see you in the next one, my friend.

SPEAKER_03 35:13

We'll see you guys. We appreciate you, Johnny. And we're about to rock and roll into the overtime portion, guys. So this is an interesting video I found this morning. Brand new update from the blockchain backer. And what he's talking about in this clip is there was a time to be bearish, there was a time to be nervous, there was a time to be selling your bags. That time was eight, nine months ago. It's not this current environment that we're in now. We did just pass 589. So just want to extend a massive thank you. Here's the brand new clip, and we'll break it down.

SPEAKER_08 35:37

2.02 trillion dollars right on top of the 300-week moving average, as the price of Bitcoin sits at $58,700, as I'm recording this morning, along with XRP sitting at a dollar oh three, the Russell $2000, over $3,000. As we await and anticipate, will this be the last move of the bear market here for Bitcoin to then be able to reverse out of here? As we are at the 300-week moving average for the total market cap of crypto, as we historically do, as Bitcoin supply in a loss hits historical bear market levels over here, like we see at the bottom of pretty much every bear market 2018-2022. This is where we got to right in here. Of course, coming in before Q4, which everybody's been anticipating after the market already capitulated. It's the typical price behavior or the typical retail investor behavior. We capitulate, everybody looks for lower prices. We did this in 2022. Everybody argued for $12,000 all throughout 2023, which never ended up coming. Now, just like back in 2025, last year, if you remember, of course, you do the entire crowd bullish for a Q4 ending to the cycle, which the market reversed before that ended up happening. Everybody corralled into the same belief now. It's obviously a bear market now. We have tons of cryptos down 90%. It must mean we have to go to Q4. We're following timetables again, like the crowd loves to do. Again, I've talked about this a million times. If I could end up predicting time rather than prices, I would go to extremes of doing it. The analogy I would say is I'd go live in the woods with nothing for a month. If at the end of it I could come out and predict time, because that is the number one thing people care about more than prices.

SPEAKER_03 37:15

So, really quick on that point, guys, I showed you an interesting chart yesterday talking about the Bitcoin halving and how the price typically performs during that time. And I'll pull it up again right here. And as you guys can tell, I mean, this is where I have a little bit of a disagreement with blockchain backer. Timing is clearly playing an important role in the four-year cycles. Not only do we peak every four years, but we also find the bottom of the bear market, it seems, 800 days after the Bitcoin halving. So if we bought them out in October, it would appear that almost the exact same thing is playing out in this four-year cycle. But I'm gonna let this clip play just a couple more seconds here, and then we'll break it down. I also have got some massive news that I'm gonna be covering. Ripple and Stellar officially just joined Visa, MasterCard, and BlackRock to back their brand new stablecoin with over 140 global partners. So I'm gonna be sharing that in the overtime portion of today's show. But here's the end of this clip.

SPEAKER_08 38:01

Which is why people corral around time predictions such as bullish Q4 of last year or ending to Q4 of this year. How buy there's a place in this market for me to create content. So either way, I think people will probably be happy to see a rocket ship posted on the thumbnail. Uh my thoughts are we're probably not too far away from that happening. Um I the thing that of course I'm just holding back on is to see if we get a move like this. And then over there on XRP, right? Like we've we've still just traversed perfectly with a bear market for XRP uh in head formats and structures to be able to follow throughout here. And that's of course, you know, if we have that one little push right in here to go ahead and conclude this thing. My thoughts are that will be the end of the bear market for XRP. The reason XRP, of course, has been a little bit more of a thorn in the side than others has been with the on-chain data being at 41.3 billion coins in a loss, where historically we get to the 43 to 45 billion coins in a loss. You know, I I wrote about this or I talked about this in a video last week. You know, the if this, then that, maybe it was the week prior to that, right? If coins in a loss, then can argue bottom. That this is the one metric that's missing for XRP right here. That this would, and when I talk about it, is I think you know, this would give you it, this would get us to that 43 billion. And so you don't really have an argument for bear market for XRP beyond that, right? We will have completely done measured moves of bear markets here for XRP, of what historically we do see, along with then hitting the on-chain losses for XRP. So, you know, after that, you know, how do we not just post rocket ships and all that stuff? And so I'm just kind of setting you up because if we go through this, this is usually where sentiment is completely deteriorated. This is where everybody's pessimistic and negative. We already kind of see that. This is where people are gonna kind of say, see, we have to go to Q4, blah, blah, blah. But I'm just here to tell you the data does not support that because in Q4, that's typically where we go hit our on-chain losses, right? If you're gonna use this 2018 example in here to say we have to go to Q4 to then go on to capitulate, well, we had not hit on-chain losses then. We were just then going into it in Q4. Uh, we are already there. Same thing over here for when FTX collapsed, going ahead and hitting it here. The same thing goes for percentage of supply in a profit. We can look over here to see right now, currently, we are at only 46.65 percent of coins are in a profit. Extrapolate that over here to the so you guys get that.

SPEAKER_03 40:15

It's a little bit long-winded, but I think the clip is absolutely phenomenal because it goes to show two things. Number one, it looks like the bottom may be in for Bitcoin. We could have one final move to 55,000 according to BCB, but for the most part, the massive capitulation in the bear market, it's almost over. Now, for XRP, he had a little bit of a different thesis where he said that we could have a final liquidity wick down to about 92 cents, and that would put us at over 43 billion tokens at a loss, which would be a historical indicator to let us know once again that the bear market bottom would then be in for XRP as well. But I want to hear from you guys. One's in chat if you think the bottom is in for XRP, two's in chat if you think we're going lower. I think we may end up going lower, just being totally transparent. And I'm gonna view it as a good thing. I have my limit order set so that I can purchase 91, 92, 95 cent XRP if we hit sub $1. I think it's definitely possible. We could even go as low as 87 cents. But my anticipation is that bearish move will be very short-lived. And it's the people who take advantage of those dips that end up making the most money on the back end. Now we did pass 650 likes. Just want to give a huge thank you once again. The goal for today can we pass 700 during the overtime portion of today's show? We got about five minutes left, and this is a pretty interesting topic. I think you guys are gonna appreciate. Breaking news from less than one hour ago. Ripple and Stellar officially joined OpenUSD on day one, alongside the likes of Visa MasterCard and BlackRock for their brand new stablecoin. Open Standard has officially unveiled OpenUSD, a new stablecoin backed by over 140 global partners worldwide. Visa, MasterCard, BlackRock, Stripe, Google, Coinbase, American Express, BNY Mellon, and many more. I'd be interested to see if JP Morgan also involved. Well, here's what we do know Ripple has officially confirmed as a day one partner, and they're integrating as we speak, while the Stellar Organization for OpenUSD is coming onto the Stellar Network as well. This means that both Ripple and Stellar are part of one of the largest institutional stablecoin ecosystems announced to date, and they're building a multi-chain future. And so we have to consider once again, this is the stable coin narrative, but you guys know because all of our listeners who watch this channel, the DTCC just went live as well. And they chose to work with Canton, Stellar, Hyperliquid, and here's where it gets interesting Ripple Prime has the official legislation clearing code 0443 in the DTCC to facilitate settlement inside of their network. 0% are being processed right now using blockchain. This is what Brad Garlinghaus was talking about in Ripple Prime. Ripple Prime has direct access into the DTCC. They did $16 trillion through Ripple Prime. Zero was done on blockchain. If we even get 5, 10, 15%, that is gonna radically change the amount of volume that's migrating across these networks. And my anticipation is, guys, ultimately, I think it's gonna have a huge impact on the value of XRP as well. But I want to hear from you, what are some of your thoughts on this one, guys? We are 43 minutes into the program. If you had fun, you enjoyed today's content, smash that like button. And somebody said they missed the topics at the beginning of today's show. The big thing that we covered earlier today, the White House is reportedly meeting with law enforcement groups today to announce the concerns over the Clarity Act's provisions. Now they're working to protect developers here, and I think this will get done. We also got another update in the last 24 hours from JP Morgan, who came out and said, we support the modernization of finance and the tokenization of real world assets. So we love you guys. We appreciate you all. If you had fun and you enjoyed today's content, smash that like button, go outside, touch some grass, hug some family, enjoy the summer day. It's the last day of June. But one thing we know for sure, we'll see you all in the next. So if you're looking to implement the same strategies that we do here on Good Evening Crypto, I would encourage all of our listeners to click on the Merlin link below and sign up for iTrust Capital as well. Now, why are our listeners going to do this? By leveraging the Merlin application, you can create a profit plan for yourself so you know exactly where you're gonna be exiting this market. But leveraging iTrust through a Roth IRA product, you can take advantage of tax free crypto gains during this crypto bull market. So I would encourage everybody, click on the link down below, sign up for iTrust today, and take advantage of our $100 free sign up bonus.