BREAKING: WHITE HOUSE *BOMBSHELL* CLARITY ACT UPDATE!

Abs provides an update on the Clarity Act!

Transcript

SPEAKER_04 0:10

The settlement is not changing until full launch in October. The trades are still settling T plus one for now. Okay. Well, obviously so, because they're not trading 24-5. We haven't seen the stock market go live with that yet. Um, even though it says the DTCC can facilitate that. I guess the exchanges are supposed to start tokenization on the 13th. Um I still think if if they're gonna start tokenizing stocks, and again, this is predicated on a conversation that Monica Long had with the president of NASDAQ last year as well. Okay, so this is not me saying this. She was on stage, she said the first place that we were gonna be implementing distributed leader technologies on the back end of the stock market for reconciliation and settlement. Those were her words. So prior to tokenization of stocks, that's what they're doing first. Also, you had Monica Long earlier this year on XRP Community Day saying she was asked, you know, what words would you use to describe XRP here in 2026? And she said, full-scale institutional adoption. This year. Um also as well last year, I've been there, this is my third year to go. It was the first time I ever heard financial institutions from State Street, um, BlackRock, uh, Blackstone, uh, and many others talking about actual timelines for implementation, uh, all the way from this year in 2026 until 2028. They said, you know, 2028 is when we kind of see the actual full-scale implementation of everything. So I think that that means that they're gonna be utilizing crypto this year. We're gonna see real utility, again, pointing to Brad Garlinghaus and the speech he just gave on CNBC about real utility for crypto and that driving price and adoption and liquidity. Um and then through 2028 and probably beyond that, we'll continue to see the asset class as a whole continue to expand, liquidity expand, prices expand. Uh that's that's what people are here for, I know. Um so you know, like if it didn't take you till October, are you guys gonna be you're gonna give up now? In July. I don't think it's gonna take that long. I really don't. Uh, but you know, if you are holding tied to them them settling T plus zero and whatever date they're gonna give you for that. Um and they haven't given a date, by the way. They already have the option to settle. So just so you guys know, May 28th, 2024, if you want to go look it up, it was the day that they moved to T plus zero, or sorry, T plus one. With if you go look at the text, it says with the option to settle real time for T plus zero with a digital asset. The language. So they already have the option. There just needs to be enough liquidity in the asset that they want to use. They gotta do that with a supply shock, a short squeeze, whatever you want to call it, to be able to push the price to where it needs to be. That's gonna take Japan, it's gonna take BlackRock, it's gonna take Evernorth. Uh, and the other thing that I'm waiting for, which we still don't have, is the OCC giving guidance on stable coins so that when all of those you know treasuries that Bank of Japan dumps and the EU, we've also got some things happening over there this week, flow back to the US. We have to have a way to be able to stabilize the bond market. So it would not be surprising to me to see the OCC come out sometime this week. Uh, with that, they do have until July 28th, though.

SPEAKER_09 3:34

Good morning, everybody. Hello, and welcome back to another episode of your favorite crypto news-related channel. And today we've got some massive updates in regards to the Clarity Act because one thing that I know for sure, social media is running rampant with pessimism and negative sentiment when it comes to the Clarity Act getting across the finish line. And a lot of that is stemming from this post that was put out by the Watcher Guru last night. Now, here's what he stated: he said the Clarity Act is no longer projected to be signed into law this year. Now, what is he referencing here? He's referencing the polymarket odds falling below 40% for the first time in 2026. But little did we know within the next 12 hours, we would have SEC Commissioner Hester Pierce sharing her thoughts. And what did she say? I'm still optimistic it gets done this summer, and I expect we're gonna see it soon. So we've got some great updates that we're gonna be showing you guys in regards to that. I've also got some interesting stuff in regards to XRP and XLM. Now, a lot of people have not been focusing on the inflows. We're gonna be breaking down the RL USD stable coin and the very important role that that is set to play. EverNorth just put out a 60-second update on RL USD, and what they describe in this very short clip is exactly how the RL USD token is working to the benefit of XRP investors. And a lot of this stems from demand and stems from liquidity that is now running on the XRP ledger. But before we get into any of that, we are getting a slight regression in some of the price charts this morning. We have Bitcoin hitting 58,600, Ethereum is 50, uh, sorry, not 50, 1573, XRP is trading at about a dollar and four cents. Markets have been very stagnant during this summer, and I think we're all just waiting on this major definitive catalyst to move us into some other territory. And by other territory, I do mean bullish territory. Now we saw a big update this morning as well. There was a little bit of bullish momentum in the price charts for about a half an hour or so. Bitcoin actually reclaimed $60,000 after new Fed chairman Kevin Warsh signaled inflation risk is easing for these markets. Very positive sign that we could see a reduction in rates. Although that decision, it's very much up in the air at the time. Bitcoin is up 3%, adding $36 billion to its market cap. Ethereum was up about 3%, adding $6.6 billion, and the crypto market cap added about $50 billion in just 90 minutes. But as you guys know better than I do, it has been nothing but bearish capitulation since the summer has kicked off here. And I'm using this as an opportunity to accumulate more. Now I know there was somebody in our live chat, someone named Nick, who said, My confidence is waning. I'm losing hope. I've been dollar cost averaging. I've been following your principles. And what I would say to that is that is totally normal sentiment for the bottom of a bear market. The same optimism that we felt last summer has now turned into pessimism for the regular retail investor. And if you guys look at the numbers, there's some pretty shocking social media analytics here that go to show 60% of the people who were here last summer have left the crypto market and have moved their money elsewhere. But it's not the big players because again, I'm still providing some of the updates that you guys are very interested in. Crypto is now the biggest corporate political spender in America, which is very interesting. And I think this is another great indicator that the Clarity Act will ultimately end up getting across the finish line. But we're gonna provide those details later on in the episode. Now, we do already have over 1,300 live listeners here. If you're having fun, you're enjoying this content, smash that like button and help us pass 589 likes on the episode. When we do, guys, we stick around for some overtime and we already passed over 217. Today is gonna be a solo dolo episode, guys. Johnny Crypto's out living life, enjoying his summer on the lake. So shout out to our friend Johnny Crypto. Not all of us are living the dream just yet, but if some of Jake's predictions come to fruition, we may all be on the lake house next summer. But with that being said, let's get into some serious content here. Is this a brand new update from Hester Pierce, the SEC commissioner that was known as the crypto mom during the Biden administration, still being very optimistic about the industry here? And here's what she stated directly: I'm still optimistic we will get the Clarity Act done this summer. I expect we'll see it pass very soon. And isn't it so fitting, guys? Because I know a lot of our daily listeners share the same sentiment as me that just as the retail sentiment in the market is at an all-time low, we've got people who were bulls, now they're bears. We've got people who were bears turning into bulls. And now they're telling us the Clarity Act isn't gonna get across the finish line. So this is a great indicator. Once again, these are the types of articles, this is the type of sentiment that we typically see at the bottom of a bear market. But I'm gonna cover that after this clip. Here's what Hester Pierce had to say earlier today.

SPEAKER_05 7:57

Very hard on it. The House did their work and the Senate has been has been working hard. So I I do still um I'm still optimistic that it it will get done this summer. Um, it's a lot of hours of work have been put in by a lot of people, both in the in the House and the Senate. And um there's still a lot of work happening now. So I expect that we'll see it uh pass soon. You know, it it's legislation is very hard. I I I know that from the time that I spent on the Senate Banking Committee. There are a lot of moving pieces, and this is a big piece of legislation. Um, and and it's trying to do a lot of hard things too. So I think um they're making good progress.

SPEAKER_09 8:41

Well, this is a complete opposite from what we saw during Gary Gensler's tenure at the SEC, where everything we heard out of the SEC in regards to crypto was criminal activity, securities violations, federal enforcement action. Now we're looking at a completely different sentiment here where not only Hester Pierce is optimistic that the Clarity Act will get passed, but we also have the chairman, Paul Atkins, telling us the exact same thing earlier this morning on Fox Business. Here's the clip.

SPEAKER_11 9:05

So just give me 30 seconds. Also, you are promoting, you don't you don't have any problem with cryptocurrency, and the SEC is um you're overlooking it, but you're not fighting over it, and it will flourish in the US.

SPEAKER_02 9:18

Well, so the president basically challenged us to make crypto, uh make the United States a cryptocapital world. So we're doing that in the previous administration. Basically, the way that the SEC and other agencies treated digital assets was to blame uh to say that they themselves are evil, the the assets versus the bad people who might be behind some of it. So we're uh out to change that, to have innovators who fled the United States to develop their innovations abroad, bring them back here so that they can develop their products in the United States under American laws for American investors and customers, and then let American investors decide do they want to buy that or not and invest in it, and rather than have the government try to decide for them.

SPEAKER_09 10:08

Completely agree. And that's the sentiment that we were waiting to hear from Gary Gensler for the better half of a decade. But I'm gonna provide some interesting details here. Now, if you didn't catch my update from last night, we got some major news in regards to Ripple joining a consortium alongside BlackRock, Visa, MasterCard, Coinbase, many of the largest companies on the planet. But I'm gonna update you that you guys on that right after this update right here. As just yesterday, it was revealed, President Trump has earned over $2.3 billion in income from crypto directly to the Trump family. Now, Trump reported over $1.4 billion in crypto income last year. And what's really interesting about this, guys, is if you look at some of the price charts, nothing is up, nothing is optimistic. It is downward price action across the board. Yet the United States president is finding a way to win in this market, which is pretty interesting. But here's the part that I think is working against the industry right now. With the ethics issue being the main thing holding the crypto industry from passing the Clarity Act, President Trump profiting $1.4 billion off of crypto, it's a very big win for the Democrats. Democrats are going to use this as one of the reasons that they're not supporting the current state of the Clarity Act today. And you guys will remember the update that I gave less than 24 hours ago, where the White House was reportedly enforcing an emergency meeting with law enforcement groups yesterday to address concerns over the Clarity Act's provisions. Now, one of the main topics that was being discussed was the law enforcement actions protecting software developers and network validators. But the second biggest topic that is still being debated behind the scenes is the ethics issue. And with the president having reported over $1.4 billion in income, this is going to work to the Democrats' advantage for why we need to uh come to a compromise on the ethics issue and not allow for the president to launch a meme coin. Now, if you guys have been watching this channel for a long time, we were very pro uh Trump during the presidential administration. And I still support a lot of the things that he's doing for the industry. But I do believe that the launching of the meme coin or the Trump coin in particular was a misstep because it was a massive liquidation event for some of his biggest supporters. 97% losses from the peak of the market last year. Most people lost money. Most people thought it was going to be a successful project. And here we are. Turns out President Trump has earned 1.4 billion, but the average person who purchased that token is down over 97% in just a single calendar year. But I want to hear from you guys. One's in chat if you believe the Clarity Act will get across the finish line in the summer of 2026. Two's in chat if you think it doesn't happen. Now, someone said you will excuse anything, but that's not true because I'm very critical of the idea that President Trump should have never launched a mean coin. It was always destined to fail. There's too much manipulation in these markets. And even if somebody has good intentions, like they're not gonna dump on the market, they're gonna keep their VC coins. There's still so much market manipulation in this unregulated environment. And that's why the Clarity Act is so important here, guys. Not only does it work to the benefit of people like us, it actually works to the founders of these crypto projects who are dealing with rampant market manipulation, even in this calendar year of 2026. But we did just pass 300 likes on today's episode. If you're having fun, smash that like button and leave some of your thoughts in chat. If you want some overtime on today's show, help us pass 589 likes and we're gonna stick around for some OT during today's episode. Now, this is some big news that you may not see on other crypto channels. The XRP Ledger just recorded nearly 5,000 new wallets created in a single day as Ripple secured a key regulatory approval in the European Union within those 24 hours. And you guys may be saying, What is he talking about? What really happened here? Well, in the last 24 hours, Tether's nearly 200 billion dollar stablecoin faces EU removal starting tomorrow. Tether's 186 billion dollar stable coin is set to be removed from the regulated EU platforms as Mika regulations roll out and take effect starting on July 1st, which is today. This is an update from yesterday. Coinbase, Kraken, and Crypto.com have already restricted the use of Tether and chose not to seek Mika approval. Now, what is Mika? It this is the Markets in Crypto Act, I believe, which is the European version of the Clarity Act. And that is starting to be enforced starting today on July 4th, or sorry, on July 1st. Now, Ripple's 704, sorry, circles 74 billion dollar USDC could benefit as a top 10 Mika compliance stable coin, but that's not where my attention went. My attention went directly to Ripple. And why is that? Ripple is among only 244 companies officially licensed to crypto after Europe just wiped out 3,000 products. Over 3,000 crypto companies are being forced to leave Europe starting on July 4th, but Ripple is allowed to stay. Ripple is officially one of the few positioned to serve institutions across Mika, uh across Europe under these new Mika guidelines. And what's really interesting about this, as I was doing some research, is that Ripple actually worked with European regulators to develop these Mika regulations. So not only are they getting a free pass, they were working behind the scenes to roll out these products out inside of Europe, which will ultimately work to the benefit of people just like us. So I think this is pretty exciting. And the fact that we're seeing almost 5,000 new wallets created in a single day, I believe these are large companies getting ready to onboard their clients into these networks. And that's why Ripple stands to benefit from this piece of regulation. But as you guys saw earlier in the episode, crypto is now the biggest corporate political spender in America today. Ripple, Coinbase, and Andresen Horowitz have poured $189 million into the United States 2026 midterms, with 37% of its $517 million in corporate donations being tracked. This already beats the industry's entire spend for the 2024 presidential election, and November is still four months away. So remember this, guys, money talks. And that's what we're witnessing before our very eyes when it comes to the crypto industry. Not only are we seeing companies like Ripple create record donations across the board, but we're also seeing pro politicians, sorry, pro-crypto politicians win these midterm elections and experience some serious momentum here in the crypto space. But I'll even take this one step further, showing you just how ingrained Ripple is into this whole political donation process. Now, when you look at the top 10 companies across the board, Ripple was the number two company behind only A16Z donating the second most funds in the network. And I actually had pulled up a tweet on this. I forgot to tweet it out before the episode. So let me just go to my drafts on my Twitter and read it for you guys because I found this to be very interesting. Here's the actual data. So Ripple spent about $49.6 million to influence the 2026 midterm elections thus far. Nearly $50 million has been deployed in the American markets from Ripple alone. And that's as of July 4th. Wait until October rolls around. We could be looking at well above $100 million. Now, among the top 10 corporate contributors across four industries: crypto, AI, big tech, and online betting, Ripple ranks second behind only A16Z Andresen Horowitz $51.65 million. So just a $1 million difference from what Ripple donated to the number one contributor here inside the United States. And again, this goes to show why am I even reporting this? This goes to show that I think a lot of what's happening here with the reporting of the Clarity Act, like the reason that Watcher Guru put out this tweet in particular, uh, if I can locate it right here, it said the Crypto Clarity Act is no longer projected to be signed into law this year at 39%. Well, they're referencing the polymarket odds. These are just speculators. These are just people betting on the market, saying, This is what I think will happen. This isn't some new profound analysis that goes to show that something completely different is happening behind the scenes. These are just people like us speculating on what they think will occur in the calendar year of 2026. But we are 17 minutes into the program, guys. If you're having fun, you're enjoying this content, smash that like button and help us pass 589, and we're sticking around for some OT. We're already at nearly 370 likes. So a massive thank you to each and every single one of you. But with that being said, this is a video I think you guys will appreciate. There's a little bit of background noise, but what they're discussing here is how the RLUSD token benefits XRP. Here's the clip.

SPEAKER_08 18:12

We just published a deep dive on RLUSD's growth on XRP, and there's three things to know. First, RLUSD hasn't displaced XRP, it's running on it. Every RLUSD trade and transfer settles on XRP and pairs primarily against XRP. Second, it's the most traded asset on the network. RLUSD share of all on-chain trading on XRP went from just under a percent to about 12% in under 18 months. And it's the RLUSD to XRP pair that has cleared roughly $900 million in six months. And three, that activity feeds XRP directly. So a bigger dollar market means more XRP activity and deeper liquidity. About half of all RLUSD in circulation now sits on XRP. And that's up from about 17% in April. And so the takeaway the dollar and XRP do different jobs. And the more the dollar gets used, the more active the XRP network becomes.

SPEAKER_09 19:20

So there you have it, guys. The more the RLUSD token is used, the more popular and the more volume that's running on the Ripple network, or I should say the XRP ledger. And another very important part of this entire narrative is just the fact that this RL USD stablecoin is only beginning to be rolled out here in this calendar year. I know a lot of people have been focused on the fact that, yeah, Ripple is moving away from the XRP ledger, but that's obviously not the case. You're only going to see that from negative people online. You will not see that as a reflection of what Ripple is doing behind the scenes. And what Ripple is actively doing is they are attacking the stablecoin market in a way no other company has done before. And Circle as well as Tether seem to be the two biggest projects taking a hit here. Now, if you guys saw our update that we provided last night, Ripple just joined a brand new consortium alongside Ripple, alongside BlackRock, Visa, many large companies, Coinbase is in there, but Circle was not a part of this consortium. Now, why does that matter? Because this consortium, according to Scott Melker, which I'm going to show you guys right here, 140 companies are effectively making a bet that the Clarity Act does not pass. And the way that this is structured is that all the revenue is going to the issuer, Tether or Circle. And then that will go to the companies utilizing these technologies. So I think you guys are going to appreciate this update. Again, my belief is I want to be absolutely clear. I believe the Clarity Act will ultimately end up getting across the finish line. And a lot of what we're seeing is misdirection here in the crypto space. But we did just pass 420 likes, guys. Just want to give a massive thank you. Keep smashing that. When we pass 589, we stick around for some OT. Here's the latest update on what Ripple did yesterday and how this factors into the Clarity Act going forward. Here's the clip.

SPEAKER_03 20:58

So uh here's what's interesting the way that this is structured, these 140 logos, which I doubt like a consortium of 140 companies can work, but they're basically saying that all of that revenue that's going to the issuer, the tether or the circle, will go to the companies that are utilizing it as they utilize it. So, you know, all of these companies, as uh their customers make payments or as they hold this or custody, whatever they're doing, they're going to be the ones that earn it. So that uh make all your money on the float model is what they're trying to kill. Uh but but let's think about that in context of what I just told you about the Genius Act. So you guys will remember that the Genius Act codified into law that the issuers Heather, USDC, I guess Trump sold his stake, but USD won, they're not allowed to pass on yield to customers. Right? That was the rule. But once it leaves the issuer and goes to someone like, I don't know, Coinbase, they can offer right now under the Genius Act rewards and pass that on to their customers. Right? Kind of a big deal when you think about it. And that's where the banks are freaking out. Jamie Diamond and all of them, they think that that same uh thing should be passed on, where they're also banned from passing the yield on to their customers, but right now they're not. So we have this interesting situation. You have 140 companies right now taking advantage of what many view as a loophole in the Genius Act, because they are not the issuer. They can then take that money themselves and still not pass it. So 140 companies now saying we can keep all of that for ourselves, not pass it on to the customer, which is effectively 140 of the biggest companies on planet Earth making a bet that the Clarity Act does not pass. Because if the Clarity Act passes with the current language, basically that prohibition, if you recall, will be extended to Coinbase and all of the third parties beyond the issuer. They'll be allowed to do rewards and stuff. You'll not be allowed to just get a yield for holding a can't replicate a bank deposit, all those things. So, like I'm just saying I was at 5% chance Clarity Act passes. These 140 companies that probably know more than me are clearly making a much more compelling bet.

SPEAKER_09 23:29

So I disagree with this almost entirely, but I want to hear from you guys once again. One's in chat if you think Clarity does get signed, two's in chat if you think it does not happen. Now, here's the main reason I think Clarity will end up getting across the finish line is that ultimately it works to the benefit of these companies. It's not that the Clarity Act is going to prevent these companies from making money. It's that the Clarity Act is gonna allow for these companies to scale the products they've already perfected in the background. And another great example of this would be what the DTCC is already launching here. The fact that we are seeing real products come onto public blockchains. We've never witnessed this before. Nobody's tokenized stocks publicly, nobody's moved to 24-7 trading. All of this stuff was conceptual up until this point. But now that these products are being rolled out in real time, it is safe to assume that these companies are going to want clear rules and guidelines to know that they're not gonna be sued, they're not gonna be retroactively prosecuted for the products that they're participating in today. So I actually find this to be the inverse of what Scott Melker is saying. I think if companies like BlackRock are willing to engage at a global scale in stable coins, working alongside Ripple and Stellar, well, that tells me they know what's coming. And that tells me Clarity will end up getting across the finish line. And I just showed you the data earlier in the episode. Ripple spent $50 million. Andres and Horowitz spent over $51 million this far in midterm elections. The reason they're spending this money is to get pro-crypto policy passed inside the United States. They're not doing this because they're supporting their friends. And so that's another clear guideline there that lets me know big money is backing the Clarity Act. And ultimately, it's probably one of the reasons that it's made it thus far in the process. We passed the Senate Banking Committee. If this ends up getting done in July, all of those bears, all of those pessimists, all those anti-crypto, anti-Clarity Act people, they're not only going to be supporting this bill, they're going to say we saw the writing on the wall. Trump is only doing this to support his bottom line. This ethics agreement doesn't protect people enough. There'll be a whole new set of criticism here that is that is applied to the crypto space. But luckily for our listeners and for our community, we're positioned to profit off of these narratives. And you guys just heard about the RLUSD narrative that is working to our benefit. I wanted to put those rumors to rest as well, because Jake had a phenomenal clip. Is RLUSD built to kill XRP? The answer is definitively no, but we're going to expand on this after the clip. We did just pass over five or near 500 likes on the program, 475 to be exact. If you want some overtime, help us pass 589 in the next 10 minutes. We're sticking around for some OT. Here's what Jake had to say about RLUSD benefiting XRP investors.

SPEAKER_04 26:00

He says, Hey Jake, uh, I've heard banks and institutions are using RLUSD rather than XRP coin. What that's why the price won't be going up. Thoughts, please. Um everybody asks this question in in different ways, uh, but I'll I'll expound on it. So um RLUSD is issued by Ripple. Anybody that is a Ripple partner might leverage RLUSD. RLUSD benefits Ripple. It does not benefit the counterparties. They don't earn interest on the treasuries that are being held. Um, so in the future, they've also created this with Rail. Anybody can spend up their own stable coin and they can help facilitate them issuing that on a network to then be able to have intra-bank settlement for themselves. Uh, and then they get to hold the treasuries and ripple clips apiece for you know making that easy to do and making it compliant uh and all the other fun stuff they do with rail uh and through their you know total stack product, which is called Ripple One. Um so ROUSD has kind of replaced Tether in their flows. Uh in the past, they used Tether for on-demand liquidity to be able to settle between counterparties if they were both willing to accept tether in that transaction. Um at scale, this doesn't work because if you have thousands of issued stable coins and you've got to park those stable coins with different counterparties that don't want to receive your stable coin, you still need a DEX that facilitates settlement and transfer of that value between the counterparties in whatever their respective currencies they want to send and receive are. So until there's enough liquidity in XRP to route payments that way cheaper and faster and more stably than ROUSD, I think you're going to continue to see payment flows go through that uh token. And if people are okay with the counterparty risk of Ripple, then yeah, sure, they'll continue to leverage that. And the other counterparty that's receiving that payment also needs to be okay with the counterparty risk of Ripple, which they've been very transparent. I think that they've set the standard in the industry for how to operate with a stable coin. Uh, and there's a lot of trust that's been built there for ROUSD. Uh, but in the future, if it's faster and cheaper and more liquid to settle through XRP and it's on the XRPL or even the EVM sidechain, uh, they will route that liquidity and settlement through XRP versus ROUSD or it might participate in a liquidity pool or an AMM. Uh there's gonna be a bunch of different ways, but all of those things still benefit XRP, whether it's an AMM or liquidity pool that locks up XRP and there's less circulating supply. So the settlement that does move through XRP um will require XRP to be a higher price. So, all that being said, um again, Ripple did not launch a competing product with XRP. Uh it's kind of a one plus one equals three. Um, and most people really don't understand that. I put out a whole video on ROUSD versus XRP.

SPEAKER_09 28:58

So there you have it, guys. And I think the biggest thing to understand to make this as simple as possible is the more volume running on the XRP ledger, the more demand there is for the XRP token, the more demand there is, the more buyers there are. And that's how you get this supply shock narrative where institutional buyers come into the market and they begin to affect the XRP price. Now, another narrative that you guys are gonna hear fairly often in the XRP community is a repricing event. And I wanted to just describe what that is very briefly so you guys can have an understanding of what people mean when they say XRP needs to be repriced. Well, if XRP is gonna facilitate the amount of volume on a daily basis that we're talking about, trillions of dollars in back end settlement. We've got the reverse carry trade, which is another narrative working to our benefit. Ultimately, a dollar and five cents just simply isn't enough volume to handle the amount of liquidity that we're talking about. And so you can begin to have some fun conversations about well, how much liquidity is actually necessary in order to facilitate some of these use cases. If you're talking about transferring even just a trillion dollars in daily volume, you're gonna need a market cap that is substantially higher than that. So you don't drain all liquidity through a single transaction. Like let's say the Bank of Japan is sending money over to the United States for some reason and they're using the XRP ledger, if they're gonna send $100 billion in today's current environment, there isn't even enough liquidity in the entire network to facilitate that. So that just goes to show that none of these real use cases have been turned on yet. But when they are turned on and when this liquidity starts to become necessary to facilitate these use cases, that's when you can start to see an XRP repricing narrative begin to impact the crypto market. And a lot of people thought that the ETFs were gonna contribute to this as well. ETF issuers going on to exchanges, purchasing and absorbing a lot of the supply. That's not necessarily what we saw happening. Instead, we saw these ETF issuers go to the OTC desks, and these OTC desks slowly dollar cost average into XRP in order to not dramatically impact the price. So this is something very different because if you're gonna transfer $100 billion and you need to get that done almost instantaneously, you can't dollar cost average into XRP. You need to send that money instantaneously all at once, right away with finality. And that's why the XRP ledger, after we start to see these liquidity corridors be turned on, will have to be higher in value than it is today. So when you hear XRP people talk about a repricing event, it's talking about these liquidity corridors or these use cases, which use substantial amounts of volume. Like another example of this would be back end settlement of the stock market. You can't settle the back end of the stock market, which is facilitating trillions of dollars worth of daily volume with a billion or an $80 billion asset. It's just not possible. It's like trying to move all the water inside of your swimming pool with the eight-ounce cup. It's gonna take forever. It's just not efficient. There's better ways to get it done. And so we need to see XRP reach some of these higher values in order to be tapped for the use cases that not only we've been outlining, but Monica Long has also uh talked about. Jake Claver has also talked about. Many people, digital asset investor, digital perspectives. Uh, I think it's very important for our listeners to understand that just none of these things are really happening at scale yet. But when they do begin to happen at scale, that's when we can start to see a dramatic impact in the XRP price chart. And we focus a lot on what's happening here inside the United States because I'm a US citizen. But Japan, Taiwan, the UAE, there are plenty of other multi-trillion dollar jurisdictions that are actively moving into the crypto space today. But we are about to enter the overtime portion of today's show. If you're having fun, you're enjoying this content, smash that like button and help us pass 589 likes. We are at 550, guys. If we pass 39 likes in the next couple of minutes, we're sticking around for the overtime portion of today's show. And I've got a really interesting video of Brad Garlinghouse, I think you guys are gonna appreciate. But here's what Senator Cynthia Loomis had to say just 24 hours ago in regards to the Clarity Act. Here it is.

SPEAKER_06 32:40

I'd like to be known as a spark. Uh, one of the sparks uh for uh America's involvement with digital assets uh at a time when that asset class needed a spark. Uh and I think I I represent sort of an unusual um uh spark for the asset. I'm not young, uh I'm a rancher, I'm from Wyoming, all of which would not necessarily uh equate to uh an advocate in digital assets and Bitcoin specifically. Uh, but it just so happened that I was that spark at a certain point in time. And I spoke, I hope that spark lights a fire going forward and that this asset class will grow uh and mature and serve our nation and its people well.

SPEAKER_09 33:34

Well, I'm gonna continue updating you guys on what the senators are saying. I know that clip might not seem very important, but it goes to show the confidence that she has in the crypto industry. And this is one other clip I wanted to play for you guys of a United States senator, Bill Haggerty, talking about getting the Clarity Act done in July. Now, I've said this many, many times. July is the make or break month to get the Clarity Act across the finish line. If it doesn't happen in the month of July, we're not going to be talking about it on this show, probably all the way until October of 2026. So there's a lot that needs to get done in these next couple of weeks. And that's why this month right here is so important for the future of crypto. There is a fork in the road. One where Trump signs the Clarity Act, and one where it doesn't get done, one where innovation is allowed to thrive to thrive, and a situation if it doesn't get done, where we're debating the ethics and we're debating the regulation, probably all the way until the end of Trump's term, which I really don't want to happen. Here's one more clip.

SPEAKER_01 34:43

We now are in a position where America will continue to lead as the reserve currency of the world because we now have a reserve digital dollar that's backed dollar for dollar by short-term U.S. Treasury securities. As we move more broadly into the arena, uh digital assets have a much more uh you know varied use. We've dealt with it, I think, to a large extent. And I'm with Kevin Kramer, we need to get this done. It's important to get it done. It's critical to maintain America's innovation edge. Uh, from a process standpoint, I think he's likely right. This is something that will be more a matter of focus after the Fourth of July recess period. Uh, but I certainly hope to see it done before before the end of July.

SPEAKER_09 35:20

All right, and that's what we're waiting on, guys. We've got the last week of July. July 22nd is really what we need to keep an eye on. And I know for me personally, it feels like the month of June just flew by. Before we know it, it's gonna be the end of July. And we're gonna have some definitive answers here on where crypto stands and how likely it is that the Clarity Act does end up getting across the finish line. Now, we did pass 600 likes. Just want to give a massive thank you. We're gonna stick around for some overtime today. The goal for today, can we pass 700 likes during the overtime portion of today's episode? I think we can get it done. And once again, whether, regardless of what I put on the thumbnails, guys, just so you know my opinion, my belief is the Clarity Act will be signed in the calendar year of 2026. I know that's a hot take, but the reality is it's what I believe. So I'm gonna continue to stand by that. Here's one more clip about the Clarity Act, and then we'll get into the overtime portion of the show.

SPEAKER_00 36:08

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_10 36:17

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 Heinrich. We need this AI super cycle to really ramp up here inside the United States.

SPEAKER_09 37:25

And again, we're gonna get into the overtime portion of today's show, but I just wanted to go and show you guys what BlackRock is saying because again, BlackRock is one of the most influential companies, both in the public eye, but definitely in Washington, DC as well. And there was an interesting update I found earlier this morning where M2 money supply just reached a brand new all-time high as $23 trillion has been liquid, is now liquid in capital markets. And what does this mean? This is good for risk on assets. As more M2 is pumped out, we start to see capital find its way into markets just like digital assets. And this is a really interesting breakdown that we're gonna provide for the overtime portion of today's show. It's talking about what happened in 2020 and how the lockdowns were necessary to save the system. Basically, according to this woman, they locked us down so they could print $6 trillion and prevent hyperinflation. That's how bad the situation is, and that's why a global restructuring event is coming. And ultimately, blockchains were always a part of the global plan. I think you guys are gonna find this one very interesting. We're gonna narrate this as she breaks it down, but here's the brand new clip and we'll discuss it. Here it is.

SPEAKER_07 38:27

The central bankers met in Jackson Hole in 2000, as I said, summer of 2019, and they reviewed a plan from the Black Rock Investment Institute prepared by a group of retired central bankers called the Going Direct Reset. Now, we know that the central banking system every 80 to 120 years does a reset, and often that reset is when you evolve the currency or you move the currency to a different currency. So we know this happens every, you know, at some point you sort of flush the system. And so I assumed when that happened that we were uh going into a new reset. The going direct reset, going direct refers to a radical change in policy. Traditionally, when uh a central bank like the Federal Reserve added money to the system, it would add it by investing in the or or putting money into the reserve track, and then the banks would use that reserve track to then put money in the system. Going direct was the Fed essentially injecting enormous amounts of money directly without going through the reserve track, but but buying um, among other things, securities from the um the non-depository institutions. And what happened starting that September after the going direct meeting, um, the Federal Reserve uh, with interventions in the market in September, but then with the announcement of the pandemic, injected extraordinary amounts of money into the system. Normally, um, and and different estimates are that was five trillion or six trillion dollars invested or injected directly. Normally, any injection like that would have extraordinary inflationary impact. And in fact, um there was one uh one former uh undersecretary of the treasury who speaking with Swiss investors uh said, you know, enormous inflation is baked into the cake. We just won't feel it right away. And the reason we won't feel it right away, as it turns out, was the pandemic, um, many of the pandemic uh uh uh sort of actions of locking people down or calling certain businesses um not uh not essential and uh leaving other businesses open and some not essential, uh created an enormous deflationary offset. If you look at what happened in the United States, um we basically shut down Main Street, lots of small businesses left the publicly traded companies open and shifted enormous market shares out of the small businesses into the big businesses that thus radically consolidating enormous amounts of economic activity. So you inject 5 trillion, um essentially grossly oversimplified into Wall Street, and you shut down Main Street, and then um Wall Street has money to go shopping, and Main Street isn't an economic squeeze. They're the last estimates I saw estimated that 35% of the small businesses in America were shut down.

SPEAKER_09 41:05

And that's really interesting, guys, because I remember in my area, they were shutting down small retail mom and pop shops. Like if you owned a non, if you owned a pharmacy that wasn't like a CVS, they would tell you you're not an essential business, you have to shut down. But then right next door, you'd have a Walmart that was allowed to stay open. You'd have a mainstream kind of well-known brand that was allowed to remain open. And what she's outlining here is that a lot of these mom and pop shops were hit dramatically, and then Wall Street came in and bought these companies at a discount. Now, why is that really interesting? Because of what we're talking about today, because a lot of this capital went straight to Wall Street and it's still there. And so there is going to be a massive transfer of wealth that happens on the back end after this Clarity Act gets passed, where we see a very similar event take place. Crypto companies and crypto projects across the board are ridiculously undervalued in this market today. And we're at the bottom of the bear market, guys. A lot of people in our live chat prior to the stream, they were talking about abs, I'm losing hope. I'm ready to tap out. That is such a standard narrative for where we are in the market today. I wanted to show you guys a chart that really caught my attention from this morning. Every single XRP, since XRP began trading on 8 to 2013, every major all-time high and low occurs exactly 1618 days apart. Now, what's the next one? 11, 16, 2026. This date is also Ripple CTO's David Schwartz birthday. Well, I guess he's a former CTO at this point. Will XRP end up flipping Bitcoin? Now that's something I don't think will happen in this calendar year. But again, there's stuff like this that always happens in crypto. There's these types of narratives on the XRP price chart. The market is so cyclic, there's so much volatility. Who's to say that by the back end of this year, the Clarity Act gets across the finish line, settlement goes rampant, back end of the stock market is now on public blockchains like the XRP ledger. That is the perfect storm for us to experience rampant price appreciation for XRP. And it's one of the reasons that I continue to be optimistic, regardless of what I'm seeing with the crypto prices. I've been using this bear market to double down on the assets that I want more exposure to. And there's one asset that I continue to double down on. It's XRP. I'm not diversifying nearly as much. This is the difference of opinion that me and Johnny Crypto have. Johnny Crypto has very consistently said he thinks diversity is one of the best things you can do in the crypto market. I differ with that opinion. I think one of the best things you can do in the crypto market is have two, three, maybe five projects that you fully understand and you go all in on those ideas. You don't spread yourself too thin. If you'd like to dabble with some tokens outside of the top 100, go ahead, have fun. Put one to 5% of your capital in there and have that be your moon bags. But if you're talking about investing for your future, I really think that there's only a few digital assets that stand out from the rest. And it's XRP. Guys, it's Bitcoin. Bitcoin's here to stay for the most part, unless we see some black swan event. It's Chainlink, it's Ondo, it's Hedera. There's just a few projects that. Really are working side by side with institutions. And Stellar is also another very prominent name on that list. But we did just pass 660 likes on today's episode. If you're having fun, just want to give a massive thank you once again. Smash that like button and leave some of your thoughts underneath the video. If this chart ends up coming to fruition, we may be experiencing some very exciting times towards the back end of this year. And for me personally, I always take this type of content very seriously. I always look at what's happening from this more speculative narrative, more, you know, conspiracy-oriented. The crypto space is thriving with these narratives. And a lot of times in crypto, the conspiracy theorists end up with being the ones that are closest to the truth. So something like this, although newer investors, they may be very dismissive and say, oh, coincidence doesn't mean it's a, you know, just because you recognize a pattern doesn't mean that that's what's happening here. I think it is. I really do. I think there is massive forces at play behind the scenes. I think there's massive market manipulation behind the scenes. And this is one of the things that the Clarity Act sets to address. I read you guys an update from Charus on XRP, and he said the best thing in the Clarity Act for XRP investors is that it removes all this market manipulation. They're going to be held to the same scrutiny as every other capital market, as gold, as oil, as the stocks and bonds. All this manipulation that we're experiencing now, it's a short-term issue. And quite frankly, it needs to go away. But I want to hear from you guys once again. One's in chat if you think we get the Clarity Act, two's in chat if you think it does not happen. Now, there's another major piece of legislation that's being worked on in the background today, and that is the PACE Act. As the bipartisan PACE Act just dropped and it's a massive structural shift for U.S. payments, the Clarity Act is the bill that everybody's paying attention to. But again, there are other pieces of legislation in the background to work on tax code, to work on blockchain integration. So it's not like if the Clarity Act doesn't get done, we're not going to be talking about legislation. It's just that the Clarity Act is what's next up. And quite frankly, I think it's most important. But this bill creates a pathway for qualified non-bank fintech companies to bypass legacy middlemen and get direct access into the Federal Reserve. That would include FedNow, Fedwire, and ACH payments. Now, why is this significant? Because it impacts people like Ripple. They've already built the tech for real world assets and global liquidity. And now the PACE Act could provide the regulatory green light to bridge that infrastructure directly into the US financial system. And this would cut out the legacy banking layer. The industry is moving toward direct integration. Now, if you think that the banks are fighting against the Clarity Act, wait until you see how hard they fight against the Clarity Act because this bill or sorry, the PACE Act, because this bill right here is a direct attack on companies like JP Morgan that sit in between their clients and collect money like a toll booth on the highway. That's what this is impacting. Now, the Clarity Act is expanding crypto products. This is an attack on the banks. So if you think the banks are fighting against Clarity, guys, wait until you see what they do with the PACE Act here as it comes to a vote towards the back end of 2026. But we're going to begin wrapping up today's episode. Just want to give a massive thank you. We got over 3,000 live listeners. If you're excited, you enjoy this content, smash that like button. Just want to say double down on the assets you understand. Continue to do your crypto research. And my belief is we're only a few months away from this asset class, looking like an entirely different market. And I know I'm out on a limb saying that it's easier to be pessimistic in a bear market. I'm not going to back down. I am an optimist. I see the writing on the wall, and I think crypto is long overdue for the catch-up trade, like we've been talking about since the beginning of 2026. But we love you guys. We appreciate you all. If you had fun, smash that like button, subscribe to the channel, and 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 going to 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 to click on the link down below, sign up for iTrust today, and take advantage of our $100 free signup bonus.