RIPPLE XRP JUST GOT *GREEN LIGHT* IN EUROPE! 🚨 JAPAN UNWIND & CLARITY ACT UPDATE!

7/7/26- BREAKING: RIPLE XRP JUST GOT *GREEN LIGHT*  IN EUROPE! 🚨 JAPAN UNWIND & CLARITY ACT UPDATE!

Transcript

SPEAKER_01 0:14

EL buys and sells XRP within seconds. So one coin clears thousands of trades a day. Uh, if price is set by holders, not throughput, how does volume passing through XRP raise its price rather than spinning that float faster? Um I'm gonna go back to Robbie Mitchnik's calculator on this. If you would like to go run the numbers on that. Um he limits the transactions that can happen per day per XRP at 10. There are lots of people out there that will tell you that the same XRP can be used lots of times a day, it can be used more than 10 times a day. If this is premium collateral, which I believe that it will be, there will be people that want to hold it. They will not want to send payments with it, they're not gonna want to move it, they're gonna want to move it as little as possible. Whatever minimum is required to start facilitating payments and do what they need to do for their business, they will do. But anything in addition to that, they want to hold on their balance sheet to be able to use in the derivatives market and other things. So there's gonna be a very limited amount of XRP that's on the open market that's being used to settle transactions. Uh, and if there is friction there, because people want to hold on to the XRP, even if it's sent from Bank of America to the other counterparty. And and also ODL, ODL doesn't currently use XRP, just so you're aware, um, because there's not enough liquidity in it. Uh Tether was originally used by Ripple to facilitate ODL, uh, and they've migrated away from that. Now they use ROUSD. Um once there's more liquidity in XRP, there's less slippage, there's you know other things, it'll be a better mechanism, and the the ledger will route through XRP over other things because it will be cheaper and faster to do so. So that's how you maintain a high volume and throughput and high price. Um because Ripple's also just gonna want to hold their XRP on their balance sheet. The constraints are gonna change uh after the BIS deems it tier one collateral. Um I think it's gonna be you know, less. I'm gonna say that there's gonna be less than a billion XRP on the open market that's used on a daily basis to be able to settle transactions at scale for Swift, maybe another billion for the back end of the stock market, maybe another billion for FX. So between all the markets, you might have four to seven billion XRP out there in circulation at any given time to be able to settle quadrillions of dollars in value. Uh, and the people that are receiving that XRP aren't gonna want to give it up as freely. So I think that the amount that it's gonna be passing between people is gonna be far less than what is possible uh because of those frictions.

SPEAKER_08 3:13

Good morning, everybody. Hello and welcome back to another episode of your favorite crypto news-related channel. And if you listen to that analogy that Jake Claver just broke down, 4 billion XRP for global settlement worldwide. Can you imagine the value of the individual XRP token? Well, we're gonna be breaking a lot of this exciting content down all throughout today's episode. I've got a brand new update out of the White House where they're talking about how Coinbase is letting people know the Clarity Act is coming soon. That's a major article we're gonna be taking our listeners through as Patrick Witt was able to ask a Coinbase representative, and they're anticipating we get this in the summer of 2026. But we already have a thousand live listeners here joining us. If you're excited, you enjoyed this content. We've almost passed 589 likes during today's episode, and we have a standard here. We stick around for a little bit of overtime during today's show, and we already passed 200 likes, so I do just want to give a massive thank you. We've also got some really important updates in regards to what is happening in Japan, as the largest unwind in history has supposedly already started, and we're gonna be talking about this. The Bank of Japan has intervened on six separate occasions to prevent this from occurring. Well, during today's episode, we're gonna break down how the BIS and the IMF are waiting in the shadows and ready to take action to save the Japanese markets. But to kick off today's show, I wanted to give you guys an update on what we're seeing in some of the price charts. We have seen some positive price action over the last 48 hours or so. Now it's minimal, it's a boring market, but if you look at some of these price charts across the board, Johnny Crypto, Bitcoin is up about 10% over the seven day. We've got Ethereum up 14%, and XRP also up about 10% on the seven day. Bitcoin trading just below $64,000. We've got Ethereum just below 1,800 at $17.97. We also have XRP trading at $1.12 and Solana trading all the way down at $81. And I know many of our listeners are here once again to hear what the latest update is on the Clarity Act. So I want to waste no time diving into this. Stuart Alderati came out and said Washington should stop treating crypto as a fringe group and argues that Congress should pass the Clarity Act to establish clear rules for the entire crypto industry, but that's not where it stopped. As White House crypto advisors publicly asked Coinbase on when they believe the Clarity Act will pass, and Coinbase signaled it's coming soon. So we're gonna be breaking all this down. Johnny Crypto, I'm very excited about it. I know you didn't get a chance to address this. I feel like it'd be fitting for you to talk about this during your introduction. Yesterday we saw Michael Saylor selling Bitcoin and not some small amount, over $215 million worth of Bitcoin. And I want to update you on the data in case you didn't check this out last night, Johnny. Last month, Strategy sold 32 Bitcoin at the beginning of the month. They came out, they did their PR stuff, they told people we're testing the market, it's no big deal. Later that month, they even doubled down and they purchased 3,600 Bitcoin at $63,000. Now, this is where it gets interesting. Just yesterday, Michael Saylor's strategy announced that they had sold basically all of the Bitcoin they had last month at a loss. They sold it for a $3,000 loss per unit. And it goes to show there's a fracture in the confidence that we're going to be discussing during today's show. How are you feeling this morning? And what's your reaction to all these updates?

SPEAKER_04 6:22

Well, Abs, I'm feeling great and good morning to all the cryptomaniacs out there. We love and appreciate you guys for showing up every single day. Much appreciated. Um, you know, abs, the whole thing on the sailor thing, you have to understand that he's committed to a certain amount of interest that he has to pay out as uh he sold off a bunch of stock to raise money to buy Bitcoin. You know, as a CEO, as you're running a company, you do what you need to do. Now, don't forget, he might have sold those at a loss, but he owns a lot of Bitcoin at a much, much uh lower price. Where so his average price is probably much lower than 63,000, right?

SPEAKER_08 6:59

So the nope, that's incorrect. Here's why it's incorrect because I did a lot of research on this. I want to make sure because people were saying this as well. Michael Saylor's average buy price wasn't anywhere close to 60,000, it was over $75,000 per Bitcoin for the average unit. So I just wanted to correct you on that because a lot of people were asking, well, maybe he's just taking profit, maybe it's a smart business decision. No, it actually comes back to what you originally said, according to what I was able to find, which is that they need access to liquidity and Bitcoin doesn't produce any cash flow. So their only way to extract liquidity from their, I guess you would call it treasury, is to take profit and to sell because if they were at a profit, if they were in a profit, Johnny, and this is the most important detail, they could take out a loan against it and they could pay their retail investors.

SPEAKER_04 7:43

Yeah, they can if he's underwater, if he's underwater, then still he can certainly go ahead there and sell off what he needs to to be able to meet a short-term debt need. And that's probably, yeah, it's a little cold out today. So, anyway, long story short, is if you know my guess is he's probably short on being able to demand meet the demand of paying the interest. So sell some Bitcoin, put some money in the co-first, then you can go ahead and start paying off the interest and buy some some time. And he still has a shit ton of Bitcoin, and he's still a believer in Bitcoin and believing that it's going to go up. So over time, if you think about it, like right now, it may look desperate because they may be in a desperate situation right now, but it doesn't mean long-term, you know, that he still doesn't believe in 25-30% growth. Because don't forget he's giving away anywhere from eight to ten percent on the stocks he sold, the STDR and SDK. So the point being is right now they're just you know tough times. I mean, you know, they if you get caught with your pants down and you're underwater and you got to make some payments, you know, then now what now in the initially in the past they had built a buffer and they were gonna be using I think a good chunk of that money to be paying this interest, and then he went and used it to buy Bitcoin. So, you know, might have made a mistake there, and you got to do what you got to do. At the end of the day, abs right now, the key is survival, and that's what I think he's working on trying to do is survive, get past this part. I think we all kind of feel that, and I think he knows us too, that we're kind of near the bottom. When's this thing gonna turn around? I don't think anybody knows, but again, he's sitting on a ton of Bitcoin. And if if we're sitting at $125,000 Bitcoin, he ain't gonna care that he has Sussam off if his average price is $70,000. He's gonna be making a ton. So to me, I kind of think that that's kind of what's happening. Now, here's what's interesting about this whole narrative, though. The fact that he is doing that certainly is scaring the industry and kind of bringing us to a low, probably as close of an all-time low as we're gonna see. And what are we seeing, right? You know, 59, 58, 60, somewhere in that zone. We continue to have a very, very strong hold in the 60,000 number. It seems to be a close bottom here. So if we kind of bottom out there, right? And now he's looking for uh uh, you know, then we get a massive upside potential, which I think is coming, almost what you're showing on the screen here at some point. In the long run, the company's gonna be fine, and nobody's gonna remember this moment. Right now we're talking about it, right? We're in the middle of the moment, the market's crap, he's burning, he's burning through cash, and it looks really bad. But I think you know, it's funny like how she says stop using common sense. Exactly. You know, that's just that's what I think is happening here, Absent. My that's my eight cents.

SPEAKER_08 10:17

Here, I have a totally different opinion, and for a lot of reasons, but the biggest thing is that I'm not concerned about Bitcoin, I'm only concerned about the people who bought MSTR and strategy and these other stock symbols. Now, why am I so concerned about what's happening? Well, number one, Michael Saylor doesn't want to sell Bitcoin. This is horrible from a PR standpoint, and he's gonna be answering a lot of difficult questions over the next couple of months. Number two, Johnny, and this is probably the big one is the credibility has taken a massive hit. All we saw, and I played the highlights during yesterday's episode for all of our daily listeners, you guys saw it. Michael Saylor was on Fox Business, CNBC, all of these different major news outlets, and he was saying, sell your kidney, sell your home, never sell your Bitcoin. Well, here we are, Michael Saylor taking massive profits on his Bitcoin. And again, this has always been the concern for the industry is the marketing of what strategy is. They came out and they said, we are essentially a Bitcoin treasury company, but if you look at how the company is set up, it's not that way. They're not just a buying Bitcoin and they have dividends that need to be paid out every three months. And this extraction of liquidity could become a major issue if we stay below $75,000. So, Johnny, this is the difficult situation that strategy has kind of found themselves in, is that if Bitcoin continues to do what it's done, meaning trading at this $60,000 for the next three to six months, they're gonna need to extract liquidity once again to pay their investors out in September. So this isn't the only time that we're gonna see something like this. And you also brought up something that I completely disagree with, which is good because we can have a conversation about this, is that you said that Michael Saylor's narrative is what's dragging the market down. Michael Saylor, the official news came out yesterday, and Bitcoin was green on the news. I think the selling pressure is essential, it's essentially had its largest impact thus far. Michael Saylor, we're gonna need something massive in order to draw these markets down just a little bit further. And that's what we're gonna talk about during the next portion of today's episode. But we're already past 322 likes. If you're having fun, you enjoy this content, smash that like button, help us pass 589, and we stick around for some overtime during today's episode. And I think you guys are gonna appreciate this next article as we've often drawn the comparison between the XRP chart and the Amazon chart. And Johnny, this is one that's all too familiar to you, but here's where the correlation gets very interesting. Right before Amazon had 10, 12, 15 years of straight up price action up and to the right, there was a final liquidity extraction. 10 years below all-time high, double top, massive correction, and inevitably a huge breakout on the back end. Well, this is what the XRP price chart is in the process of forming right now. Now, the danger here for the regular retail investor is that if you look at the comparison and it plays out in a similar manner, we have a final liquidity wave that is coming for the XRP community. And that's what we're gonna break down for the next portion of today's show. But I wanted to start off with this video of our friend Mickel breaking down exactly this. Here it is.

SPEAKER_07 13:02

Never really seen a chart that paves the picture so well. Guys, take a look at this chart right here. What this chart is doing is comparison the pre comparing the previous consolidation from 2014 to 2017 with the current consolidation we're going through right now. Now, what's super exciting about this chart is what it's showing is that we are still well within the massive consolidation pattern we have been stuck in since 2028. I mean, since 2018. And what's so exciting about that is a lot of people thought that that more recent breakout we saw at the end of 2025 was XRP breaking out of its multi-year consolidation period. But guys, the truth is, is this chart showing that we could very well be still finishing the massive accumulation pattern that we've been stuck in since 2018? So if you take a look at the smaller one here from 2014 to 2017, you might just want to pause the video to really line these up. You can see that these charts look extremely, extremely similar. They both retest this bottom support around three times. They both have the same number of peaks to them. And guys, what this card chart is calling for is essentially that after we finish this reset we're going through right now, that might have another lag now and might not. Who who knows? Well, the truth is after we finish this, this would actually be showing that we have a massive, complete phase shift parabolic pump ahead of us.

SPEAKER_08 14:20

There you have it, guys. And again, I think the chart comparison here, this is something that we've been talking about on our channel for several years, Johnny, where we said it's almost like it's playing out in a larger format. And what's being shaped here is a massive breakout to the upside. And this is where I wanted to focus on the Bank of Japan for this portion of today's episode because this person has put out some phenomenal insight. You too, I'm so bad at pronouncing the Japanese name, so I'll just skip the embarrassment here. But here's what they had to say: a supposed Bank of Japan insider. The measures being prepared by the Bank of Japan will affect the lives of billions of people. To the Western countries, I offer my deepest apologies. This is not a personal matter. May God's blessings be upon you. And I think for the XRP community, a lot of us have this fundamental understanding of what the reverse carry trade is. But Johnny, as you know, to the average American, they're going to be caught off guard by what's about to occur here inside the United States. And I wanted to take it even one step further, explaining exactly what's unfolding before our very eyes and why this could be the global reset moment we've all been waiting for. The most dangerous market in the world right now is Japan, according to Bull Theory on X. Japan's 10-year and 20-year bonds just hit 30-year highs. We haven't seen this since the late 1990s. Now, the 10-year is up 137 basis points over the past 12 months and up another 9.1 basis points in just the last four weeks. The move is accelerating, not slowing down as people are watching these capital markets. The 10-year, the 10-year yield is at a 30-year high. The 20-year yield is at a 30-year high. The 10-year yield is up 137 basis points over 12 months, and the 20-year auction demand is the weakest since May of 2025. The yen trade is trading at 40-year lows. We haven't seen this since the mid-1980s, Johnny Crypto. Japan's debt is 200% over its GDP, and Japan's foreign reserves are over $1 trillion, the second largest in the entire world. So two things are happening on the supply and demand side in real time. On the supply side, Tokyo just announced a plan to mobilize over 370 trillion yen in public and private investments through the fiscal year of 2040. What does that mean? Over 2.2 trillion US dollars are going into bond issuance ahead of schedule. On the demand side, the Bank of Japan is buying in. Sorry, the Bank of Japan is the buyer that is starting to step back. The Bank of Japan is tapering on its JGP uh holdings, targeting a reduction of about $480 trillion by March of 2027. That is the largest buyer of Japanese yen pulling back exactly when the issuance is rising in real time. Private banks can't simply absorb this gap. And this is why Japanese mega banks run on average a bond duration of about two years, while the shorting of about 9.5 years on average for the maturity of these bonds. That mismatch is a structural reason that the 20-year auction just saw the weakest demand in over a year. Less demand at the auction plus more supply means a smaller bank of Japan bid yields to push higher mechanically, not just sentimentally. At the same time, the yen is near a 40-year low and it's pushing the Bank of Japan towards higher rates to defend the currency. And this is exactly what we've been discussing, Johnny, when it comes to the reverse carry trade and the fact that XRP will be that liquidity solution for the entire industry to rely on. But I want to hear from you guys. I would love to hear the sentiment from our community. One's in chat if you think the reverse carry trade will play out in 2026. Two's in chat if you think it's not going to happen. Now, Johnny, the data is telling us it's on the fringe here. We're on the cusp. Forget about everybody else's opinion. Just looking at the data, quite frankly, we've never been in a situation like this before for Japan. Not in 2024, not in 2025, but in 2026, the writing is on the wall. What's your reaction to all these data points and what it means to you?

SPEAKER_04 18:10

Yeah, so I've so the the one, you know, so you can see all the points. You see everything lining up, you can see everything turning to crap, or you could obviously Japan is gonna, you know, stop buying world debt or stop being the lender to the world for debt. It's been doing that for 30 years. I've been hearing it. The thing that I find very, very interesting interesting about all this is it's here, it's already happening, and yet we aren't seeing the major impact. So I've been saying for years that I think a lot of this stuff was built in because the smart money knew this was coming. And so, you know, but everybody's still saying, yeah, yeah, it's gonna happen, we're gonna have to cry. Okay, maybe it will, maybe it won't. Uh for me, I just find it too hard to believe that the smart money isn't already ahead of this. There's no question they aren't institutions are. And so the question is how they're gonna hammer this down on retail and use it as a narrative because that's what's gonna happen. They'll they will have some crash and they will blame it on this, and retail will get hammered. How that looks like, I'm not sure. Will that cause a liquidity crisis? Maybe. And if it does, well, then there you go. That's where you have you know Jake's narrative that comes into play. This is okay, we need to solve that liquidity, and XRP is well positioned and primed. And I think that's like the best thing as a retail investor, is all we could do, right? Is minimize your holdings in the market if you believe that this reverse carry trade is going to really create turmoil and increase your holdings and in a crypto asset that you believe could be a particular particularly liquidity asset, such as XRP. So that to me is the play, or at least it's it's it's one play that you can put yourself in a position if you want. And that's certainly the position that obviously Jake is taking, right? To put yourself in a position to kind of avoid that reverse carry trade uh and minimize the damage and be in a position to capitalize on it. And so we will see. Time will tell, my friend, what's gonna happen here?

SPEAKER_08 19:55

What's really interesting is that during Jake's live stream last night, he was talking about how he had some conversations with the people at Bitwise. And at Bitwise, they're predicting a $28 XRP by the year 2030. I'd like to hear from you guys just one more time. One's in chat if you think XRP will hit $28 by the year 2030. That is a 28X from where we are today over the next four years. Even the people who think we're going to 100 bucks or a thousand bucks or 10,000 bucks, 28x over four years, that is a phenomenal start. One's in chat if you think we get it, twos in chat if you think we don't. And what Jake said is that his entire thesis, Johnny, and his entire theory here is that it all comes from the reverse carry trade. If the reverse carry trade doesn't play out in the manner that Jake thinks, according to him and according to what he said on his live, then obviously we're just gonna consider the four-year cycles. We're gonna rely on some of the TA, and that's how you get 28 bucks by the year 2030. If we're correct about this once-in-a-lifetime catalyst unfolding, that is the thing that really is gonna change the capital markets in real time. So I wanted to play a brief clip of that and we'll break it down.

SPEAKER_01 20:58

Um, wager rewards, good to see you. They say, How does standard charter and bitwise, with an entire room full of analysts, come up with a forecast of $28, not end of your price, $2030? They obviously have access to analysts and theories such as yours, how so drastically different? This is a good question. Um the analysts that are out there do not have the conviction and belief in the perfect storm scenario playing out. I've I've had this conversation with Bitwise and with some of the other players that are out there. Um they're like, yeah, if that played out, then that makes a lot of sense. But their job as a fiduciary is not to be sensational or hype driven, which A lot of people say that I am. I I don't feel that way. I think that my thesis is sound and it does require specific events to play out in order for the prices that I've been talking about to actually happen. There are catalysts that would push it there. It would not be a traditional market cycle. And for them, I think that that's still how they're viewing it. They are looking at the constraints that exist today and pricing things according to projections based on previous market action. And that could get you to a $28 XRP over the next four years. If you just had another traditional, you know, call it another bull bull run here toward the end of the year, into 2027, another bear market uh in late 28 through 29, and then another bull market in 2030. If you had, you know, a traditional uh Bitcoin cycle and and everything just stayed the same as it's been for the last 15 years, that's probably a reasonable target. It doesn't take into account any of my thesis and and why I believe there has to be a significantly higher price in order for XRP to function and be used at scale the way that we know that it will be. Um and so that would be my my guess on their analyst is I bet uh and I love Blockchain Backer, by the way. Shout out to him. He does a really good job of keeping blinders on and just you know watching his own stuff and coming up with his own thesis, and he's been bang on uh with most of his content that he's been putting out, especially over the last couple years. But same deal. I I would bet if you asked Blockchain Backer what he thought by 2030, and if he thought that that was a reasonable analysis, I bet that he would say yes. That makes a lot of logical sense based on fractals and previous market action. Um, my thesis is that XRP decouples, constraints change. There are other catalysts that come into play that are not forecasted in those projections that would that would move the price substantially higher so that it could be used at scale.

SPEAKER_08 24:12

I think that was a great kind of response there, Johnny, because remember, last week me and you had some phenomenal conversations about Fidelity's projections, where for the first time ever they were comfortable coming out and telling the market, we believe XRP could hit $8 in 2026, but we also believe that it could very comfortably hit $26 by the year 2030. So we have Bitwise predicting 28. We have Fidelity predicting 26. These are TradFi companies that wouldn't even talk about crypto during the Biden administration, putting out price projections for their clients. That just goes to show how far the environment has changed. And I do want to give a massive thank you because I missed this live donation earlier. Stone and Land, massive thank you to you for being a member in the $20 dono. He said, please start on time. I'm busy actually making money on a trade today. So here's a donation for no ad on YouTube. You deserve it, Abs. I enjoy the massive updates. Wishing a no drama great day for everyone. Thank you so much, Stone and Land. We appreciate you and we appreciate all the live donations. But Johnny, the big thing that I think is gonna change the momentum here, the Clarity Act will be phase one. And we'll see if this reverse carry trade happens. Because if it doesn't happen in 2026, we're gonna have to rewrite our thesis here. And I think Jake will do the same thing in real time. Now we are 25 minutes into the program. If you'd like some overtime for today, smash that like button. We're at 465 likes. If we pass 589, we have a standard here. We stick around for some overtime during today's episode. But Johnny, I'd like to hear your thesis on how all these ideas connect and where's your hat at?

SPEAKER_04 25:36

Yeah, well, first of all, I'm not sure we need to rewrite our thesis because I don't think we ever had one that uh claimed we would be seeing it. But what I will say this. Uh yeah, Jake is gonna have to rewrite his thesis, and that's totally fine. You know, Jake is entitled, everyone's entitled to their own thesis. I think for us, you know, you and I have been very, very consistent with talking about in the next bull run seeing a four to eight dollar XRP is probably a really, really realistic zone. And obviously, we got our first validation of that ever from a large financial institution such as Fidelity that came out and said, hey, we can see somewhere between eight and twenty-six dollars. And so to me, that kind of tells us that our estimates or where we were thinking of four to eight dollars apps could be in play, you know, over the next couple of years. Now, when it happens, I mean, you know, we've been talking about this for a while, that there's going to be some triggers. First of all, we need a better market, we need a better economy. Uh, we need lower interest rates, we need we need some inflection and money. So to me, that that's one thing we need. Obviously, the Clarity Act is to me, that is the biggest catalyst of them all for what we for what you and I have been talking about. That to me, that's the one, the main driver that really puts this industry uh you know on fire, that sets it up, that puts a staple in the ground that says, okay, this industry can thrive. It's here, and we're gonna we're gonna back it, we're gonna invest money in it, and we're gonna let it grow. And that's where the money that that has always been my thesis of what's gonna what's gonna allow this thing to grow because of the same thing I saw in in '96, 797, 98, when the telecom act kind of uh enabled one of the largest bull runs we've seen in technology markets. So and I think we're on the cusp of possibly something different. Now, if the clarity act doesn't happen, then that that then I gotta rewrite my thesis, right? Then in that case, yeah. Then we kind of go along sideways, as I've said, we stumble along sideways until a typical bull market comes. And when we look at the bull markets and the cycles, we know it's all about liquidity, it's about when the when the Fed pumps money into the market or when um certain things, all stars and moons need to line up for that to happen, and then that will be the backup case. So to me, that's kind of how I still see it. I'm still sitting there believing. I still at this moment today, where we are today, July 7th, I still believe, abs, that we will get the Clarity Act. I still think Congress is gonna work hard for it because I think President Trump is pushing very, very hard for it. So I think because of that, he's got everybody in Congress running around, you know, had having conversations with Democrats saying, hey guys, figure this out. Go make it happen. So I'm still in the in the camp that it's going to. Hopefully, it happens you know in August before the elections. Otherwise, I think it's gonna have a higher chance, uh lower probability of passing. But right now, I'm not giving up. I think Congress will push hard to make that happen.

SPEAKER_08 28:23

Remember this, guys. Ripple and the XRP ledger are probably the number one blockchain position to profit off the Clarity Act, getting across the finish line. And I played a video of Charles Hoskinson yesterday where he talked about the web 2.5 companies, not the fully crypto web 3.0, but the companies like Tether and Circle and Ripple that are working with TradFi to integrate blockchain products. He said these are the projects that are gonna be most profitable. And a lot of this stems on the Clarity Act getting across the finish line. Now we are gonna be breaking down some brand new updates in regards to the Clarity Act. As a White House advisor just stated that Coinbase signals the Clarity Act could be passed in the summer of 2026. That's what we're gonna be breaking down next. But first, I wanted to play a video for you all just to kind of get Johnny's opinion on this as well. Here's what Charles had to say just yesterday.

SPEAKER_06 29:08

So I think that's the fundamental issue. The other thing is there's a bifurcation in the industry right now. The bifurcation is Web 2.5 versus Web3. So Web 2.5 is you got a regulated business, licenses, and some form of corporation, CEO, federation in the real world. Then Web3, you got a crypto product. You put them together, you got Web 2.5. So Tether is an example of that, Circle is an example of that, OUSD is an example of that, Ripple's an example of that, BNV is an example of that. Why does everybody get so tickled about XRP? Well, because they're like, well, Brad and the other gang, they just bought a prime broker and they just did this, and we just did well, that's a centralized company, right? But they know that that company is going to use the XRP ledger, and so they're gonna kind of create this virtuous cycle here. So the efforts of one actor is kind of driving the value proposition of the thing, and that's Web 2.5. There's nothing wrong with it. I've been fighting, you know. I mean, I I've thrown in that talent a long time ago, and that's where all the growth is. If you look at CoinMarketCap, XRP, VMP, Circle, Tether, look at where they sit. It's that's where the growth is right now. So Canton is another example of that. It's a it's a club, uh, and uh they're building that out. OESD is a club. So that's so they build these clubs, and so that's gonna have a lot of growth in the next uh few years, and they're gonna bring billions of people in, but that growth will leak into the web three markets if the bridging is right.

SPEAKER_08 30:29

So you heard it right there, Johnny Crypto. The number one thing that the XRP ledger has working to its advantage is the company Ripple driving all these real world use cases onto the XRP ledger. And Charles made a great point of saying this the ripples, the circles, the tethers, these are gonna be the companies responsible for driving in the next billion crypto users and the next trillion dollars into this asset class. If you don't think Ripple, while funneling clients into the crypto market, is gonna prioritize the XRP ledger, you haven't been watching this program very long because there is an exact correlation between Ripple wanting to increase the value of XRP because ultimately they can use those gains to acquire more companies, pay, put more money in their own pockets, or do whatever they'd like to with that capital. So Charles makes a phenomenal case for why companies like Ripple just outshine the rest of the market. And we're gonna take it even one step further with the passing of the Clarity Act. But Johnny, I wanted to get your reaction, then we'll dive into that.

SPEAKER_04 31:22

He's most certainly right. I mean, I couldn't agree more with him. That's what I've been saying on this show the whole time was Ripple, having Ripple behind the scenes as the company that's actually buying companies and then deploying their technology. I mean, you he that's what he just said. And what he just said was not only are they doing that, but that's gonna ultimately yield growth to the ledger and to the to the crypto as it bridges over and passes through. And that you know, because that money is first gonna because here's what's gonna happen most of the money will go into the stock companies, the ones that are publicly traded, right? So as the money starts coming in after the Clearity Act, you'll see money going into Circle and going into Coinbase. And obviously, it can't go into Ripple because Ripple's not a publicly traded company yet, but that's where it's gonna go into companies that are or that are crypto-based, 2.0 2.5, sorry, based companies, they're gonna attract a lot of the money. And then and then I also think some of the money is gonna flow into the crypto market as well. I think that's what's gonna drive us up. And and but I meant when I say the money, I mean at that point just the investment money, the speculation money. Then eventually, as you're building use cases, as bridges Charles was talking about, you in the bridges over to the real crypto, that's where you start to see utility drive. And that's why I've always felt there'll be two phases. There'll be a speculation bump, and then there'll be a utility bump, just like there always is. This ain't gonna go away, it's gonna be the same thing. The only difference is the gap, the timing between when we get the speculation bump and the utility bump. And that's why it's so important to have an exit plan apps and not sell everything. Don't do what I did, you know, in '97 and sell all my Amazon. I'm not doing that this time because I know there's gonna be two bumps. There's gonna be a speculation bump, which is why I sold all my Amazon last time. I ain't doing that this time. I'm gonna be selling some, but you want to be holding some for the future because it may come two, three, four years later where we start getting what Charles was just talking about the bridging over and then driving up the asset value of the club of the crypto. We don't know. We've never had in our history a time where you have a company and a technology, and they both have valuations that are different. This is unique and different. You've got Ripple, the company, but then you got XRP the technology, they're not the same thing. You can't invest in one and get the other. You have to invest in them separately. We don't know how that correlation is gonna pan over from one to the other. I've been saying that for years on the show. What we're gonna learn over the next few years is how that how that does correlate and what kind of valuation we get to see on that. So make sure you guys check out Johnny.

SPEAKER_08 33:46

I really think this as well. There is gonna be a direct correlation between the amount of demand for these assets and the amount of volume that's running on these public ledgers. So we don't know.

SPEAKER_04 33:55

What we don't know is that EPS factor, the way you get in stocks. That's what I'm talking about. I agree with you, but what's gonna be the the multiplying factor? So if there's a hundred million running on the ledger, does that mean 0.5x or 0. you know, one tenth of that then translates to value of the crypto? We don't know that. That's what I'm talking about.

SPEAKER_08 34:13

Exactly. And I was gonna expand on that, but here's what I would say a lot of this is gonna come down to how this market evolves. And we're about to take you guys through an article where the White House says the US government is working on a structure to create a strategic Bitcoin and crypto stockpile. That is huge. If we start to see governments around the world add specific assets like XRP and so on to their balance sheet, well, that's gonna create a substantial, that's gonna create substantial demand and a whole new use case that just doesn't exist in the market today. What we need to see is the expansion of these technologies for real world use cases and ideas like this, a stockpile, that can be the icing on the cake for these networks and these protocols. But we are at the 35 minute mark, guys. If you're having fun, smash that like button. We're only 30 minutes, 30 likes away from overtime. If we can accomplish that in the next couple of minutes, we're gonna stick around and go through the overtime portion of today's show. But we got some brand new updates that I wanted to get your opinion on. And this is what we're talking about for the overtime section. The White House crypto advisor just publicly asked Coinbase on when the Clarity Act will pass, and Coinbase signaled it could be very soon. After Coinbase was mocked for accidentally publishing a fake Norway versus Brazil result before the match even started, which turned out to be true. White House advisor Patrick Witt jumped in and publicly asked, when will the Clarity Act pass? Then Coinbase chief legal advisor responded on X. He joked that Coinbase got too excited when the football prediction came out. They're not going to make the same mistake with this legislation. They're not declaring it a victory just yet, but he still signaled that the Clarity Act could be coming very soon. Negotiations are still continuing and lawmakers are returning from recess starting on July 13th. And if you've been watching our channel, we've also been talking about how there is a defense spending bill that needs to be addressed before the Clarity Act can be addressed by uh the Senate. And this is one of the things I want our listeners to be very cognizant of. If we get to the beginning of August, if we make it through August 7th and the Clarity Act isn't signed, we're not going to be covering it every day on this channel anymore because quite frankly, it's going to be several months and potentially years before this legislation gets across the finish line. But I want to hear from you guys one's in chat if you think we get the Clarity Act this year, two's in chat if you think it doesn't happen. Now, a lot of people are pointing to that August 7th deadline, Johnny. And there was something else that really caught my attention over the weekend where I was reading about how the August 7th deadline is essential because even if Republicans control the House and the Senate going forward, we're not going to have time to address this until after October. And if we get all the way till October, then we're playing the exact same game. We're going to get it by Christmas. We're going to get it by March. And that seems to be my biggest concern, preventing Clarity from getting across the finish line. We did just pass 589, guys. Massive thank you. We're going to get into the overtime portion of today's show. But Johnny Crypto, you just heard it right here. Coinbase, still optimistic this ultimately gets done. Which is very exciting.

SPEAKER_04 37:03

Yeah, Abs. And I think you remember, these are the guys that were sitting there, these guys are in the room. They're sitting there and they're talking to the politicians. They're the ones that are probably the closest to other than the politicians themselves and the politician staff, to have a sense for how close they are to get to it. And that gives me a little bit of confidence to hear Coinbase feeling that good because they were one of the ones that were pushing back the most. So if they're saying, hey, we think this is going to happen, that that signals to me two things. One, that they are kind of now happy with whatever is written, wherever the latest notes and rules and changes are. And two, that they're seeing on the other side that they're also kind of happy with it. And that you know, that Congress is pretty close to to maybe getting to where uh every side is happy to make this happen. So that's kind of what it tells me, Abs. At least that's how I'm taking it. I prefer to hear from the insiders like that. And uh will Coinbase come. I'm really surprised they come out and say that. That's kind of ballsy, unless they're pretty confident that it's pretty close.

SPEAKER_08 37:59

And that's what how I'm reading it. And remember this, Johnny, the reason that we don't have the Coinbase, sorry, the reason that we don't have the Clarity Act signed yet is because in January and February, Coinbase was the one that removed their support for this bill. And then we saw a bunch of senators jump on board. I think we could see the same thing in the opposite direction. If Coinbase continues to support this bill and continues to advocate for this technology, that may bring a bunch of senators from the left also in support of the Clarity Act. But I'm reminded of that video that we saw from uh Mike Novengratz, Galaxy Digital CEO, where he said after speaking to representatives in Washington, D.C., the moderate Democrats, meaning not the far left people, but the moderate ones, they're on board with the Clarity Act. It's really only the far left, according to Mike Novengratz, that is dying on the hill that is the ethics issue. So we're gonna talk about that, guys. We did pass 600 likes. Just want to give a massive thank you. The goal for overtime, can we pass 700 during today's show? We did it yesterday, Johnny. The goal, can we go back to back like Michael Jordan? We'll go for the three-peat tomorrow. Here's a clip I think you're gonna love, and then we'll kick it to you.

SPEAKER_02 39:00

We do need the clarity act passed. But you know, the funny thing about innovators, they'll innovate even without clarity, right? They've innovated for the last four years. They're gonna continue to innovate. Clarity is really needed for the laggards, for the scaredy cats. It it's not the it's not the it's not standard charter, it doesn't need the clarity act. It's that, you know, it's that the first, the first uh uh bank of Des Moines that is sitting there saying, Oh, I don't know if we can do this. But they're the ones fighting, they're the ones fighting it right now. Well, you know, the American banks have fought every innovation that's come over the pike for the last 50 years, whether it was branch banking, whether it was ATMs, whether it was uh chips and credit cards, the American banking system have used their strong lobby in Washington to try to stop every innovation. And then within five years, that once that innovation took off abroad, and and customers came back from Europe saying, I just used a chip reader in my credit card. Why am I swiping my card? The American banking system said, okay, we'll get on board with that innovation. But they fought it first, and they're doing the same thing again. But this time I'm hoping they're not gonna make they're not gonna prevail.

SPEAKER_08 40:05

So, Johnny, history doesn't repeat, but it ultimately rhymes. And I think the same thing is happening here from a macro standpoint, where it comes to the companies basically describing what cryptocurrency is as something that is scary and nefarious and you should stay away from. But the second they position themselves to profit off of these technologies, they're gonna flip the script and say this is the best thing since sliced bread. And I know that me and you have been saying that narrative is coming for years, but it feels like that narrative is almost here. If clarity gets across the finish line, I think that's when we'll see that definitive flip from the marketing standpoint where companies like JP Morgan, they go, Yeah, you know, 99% of these are horrible, but you should buy our JP Morgan coin. That's what I think is coming.

SPEAKER_04 40:44

Floor's yours. Yeah, I mean, first of all, he's not wrong. I mean, I've been into China. I remember I was in China 10, 15 years ago, and people were using WhatsApp to swipe their phone and pay. Uh, credit card readers would come to the table and they would actually, you could pay right where it's a credit card. I'm like, wow, we don't have any of these things. None of this was happening in the US at the time. Now you'll sit at the table and they'll bring you a card reader. They were doing that 10 years ago in China. And I remember saying I go, Mike, how the heck are they ahead of us? He's so right. Because you have the banking lobbyists, which is one of the strongest in the world, fighting everything. They don't want, listen, they don't want change apps, they don't want to mess with they got they're making a ton of money. They don't want anything that's gonna mess up with their money, and want anything that's that may change, you know, and figure out oh, how are we gonna make money? How are we gonna generate if this uh technology obsoletes us, right? They don't want that. Well, crypto obsoletes them, and that's a big problem for them. And I told you that for a while, that until they figure out how to profit off of crypto, they're not gonna want crypto. But eventually, what will happen is the rest of the world start using it, and they'll see how to leverage it, and then that's exactly right. They'll start talking about it, flip the script, and they'll be talking about how it's the best thing since sliced bread. There's no question. That's exactly what's gonna happen. So for now, I think part of it is, you know, he's not wrong about the innovators. The innovators are gonna innovate. The problem is if you want the money to flood into the space, the investment, you want it to really expand. We need some laws and rules and regulations around it. And that's why we need the Clearity Act. That's why it's so important that we get the Clearity Act so that we can really get the full effect, the full benefit of this technology and the full investment into the technology to truly make America the crypto capital world and to maybe start getting ahead of the curve. We're so far behind the curve right now, absent crypto alone. I mean, we're still trying to fair with clearity act, and Mika, Mika was passed how long ago? Two years ago? You know what I'm saying? And so so the other countries have already moved ahead, they're already ahead of us. Once again, they're ahead of us in this technology. Now it's just gonna be a matter of can we get our shit together, get the Clearity Act passed, and then leapfrog them. We always end up having to do that, and it's freaking annoying, but it's just it's just how unfortunately, how things have been happening in the US over the past 20 years, and and and it's really sad because I remember growing up in my younger career 20 years ago, we were the innovators of the world. Everything we did we led first, that'd go to China and see happening over there. Now it's the opposite way around, and that's not a good trend. You don't want to see that happening. So hopefully this will flip, we'll leapfrog it, and we'll be able to see us eventually become the cryptocurrency world. But it's gonna absolutely have to, we are gonna need that clarity act to make that happen.

SPEAKER_08 43:18

Here's the truth as well is that when we hear about the Clarity Act, Johnny, now we're starting to hear the best narrative that we could possibly hear with this entire thing is this. If we don't do it, China will. And you don't have to take my word for it. Anytime the US government wants to get something done, all you have to hear is if we don't do it, Russia will do it. If we don't do it, China will do it. Look at what they do, even on a geopolitical front. If we don't go into Venezuela, China's gonna take that. And that's what we're seeing here in the crypto space. And that's another reason that I'm so optimistic that regardless of what these other content creators think, clarity will get across the finish line because it's the banking lobby that sets to benefit from this. Now, we are gonna take you guys through a very important update, but let me just Play this chop clip and then we'll get into it.

SPEAKER_03 44:01

Crypto is the same thing. If we didn't do it, China would do it. It's a massive industry. And frankly, when I went very pro-crypto, as you know, Biden was totally against it, but he has no idea what crypto is. He had no idea, he didn't have a clue, but they were very violently against it. They were putting people in jail. What they were doing to the crypto was horrible. It's amazing it survived that onslaught. It was a weaponization of government. So when I went very much for it, and I must have gotten, I think I got 100% of the vote. But what happened is I think it was 100 million people. That's a big industry, and that means some pretty good things. But what happened is Biden then, after he was getting killed, he was down so much, all of a sudden they became pro-crypto. And their head of the SEC was horrible, unlike Paul, who's really good. No, I mean he's the best man for the job. Everybody wanted him. Crypto is the same thing.

SPEAKER_08 45:00

If we've so that man he was talking about, Johnny, was the one and only Gary Gensler, which I thought was really great. Now I realized I got so excited. We have so many updates. The title of today's show is Ripple Just Got the Green Light in Europe. We're about to break that down right now in this brand new video clip before we wrap up today's show. But we just passed 650 likes. The goal for today, can we pass 700 during today's episode? Johnny, can I get a 30 to 60 second reaction of that Trump clip? And then we'll begin to break down the green light that Ripple just got inside of Europe.

SPEAKER_04 45:27

Well, I mean, I think Trump was smart, right? He saw first of all, his sons knew crypto was coming and the industry was coming and probably primed him for that. He's spot on that the prior industry had completely shut this thing down. Whether Biden obviously Biden didn't know much about crypto and he didn't need to because his because he was tied to the banking lobby, and the banking lobby was saying, hey, Joe, you're not gonna let this thing go. You're gonna crush this thing. And we saw Operation Choke Point. So he was spot on about that. And then Trump now is again, he has championed this thing. He's been very, very confident in saying that he doesn't want China to lead in this thing, and he and he wants to he wants to be the one to be able to put his his name on it to say, hey, I brought this industry to America. And abs, it's gonna have a big impact. It's gonna change literally the whole financial system, it's gonna bring new jobs and things to the to the to our country. I mean, you and I remember when we were going through um the this several years ago when companies were putting out jobs, we were looking at Ripple 60 jobs, 50 more outside of the country. And then we had Jeremy Hogan on the show, and he was saying, Hey, I'm advising my clients not to do anything in the US. Are you kidding me? I mean, it's not Jeremy's fault. Jeremy was right, his his his advising was right. The sad thing was he had to advise people to not do anything in the US because the rules were unclear. And that and Trump understands that, right? He's a smart man, he gets it, he knows we need to have clear rules of the road, and he's gonna work and do whatever he needs to do to put the rules and the road in place, and he's trying anyway. But remember, Abs, as much as he's the president, he's still fighting the banking lobbyists, too. He's fighting all those all that money because remember, Trump is one man, he's not Congress. Congress has to do this thing, and Congress is being bought, you know, it's bought and paid for mainly by the banking lobbyists. So he's fighting them as well. But I think what what, like I said, at the end of the day, it's gonna come down to fine balance, and the only way this is gonna happen is if the banking industry thinks they're not gonna lose all their money, they're gonna have to find a way to play. And I've been telling you that for a while. The banking industry we don't need banks anymore with crypto, but watch, crypto will be something the banks will use and utilize it and make you think that you need the banks to be able to use crypto. They're gonna actually create products that are gonna leverage crypto to make you think you need crypto. I mean, make you think you need them as the middleman so they can profit off of it. That's exactly what's gonna happen. There's no other way around there, or it ain't gonna happen.

SPEAKER_08 47:46

Here's the thing I'm very excited about, Johnny, is that in that short clip, what did he say at the beginning? He said crypto's a huge industry, a hundred million people. Now, obviously, it's not a hundred million people, it's about 65 million. High estimates say it's about 85 million. But what does that mean? It means that President Trump understands Americans are watching what happens with crypto. And if he can get a win going into these midterms, especially in late August, sorry, late July, early August, right before people go out and vote on these polls, that is the most impactful time to get something like the Clarity Act signed. And it appears that the writing is on the wall for the industry, guys. If the Clarity Act gets across the finish line, it is companies like Ripple that are set to have this major benefit. But we're only sorry, we're 48 minutes into the program. If you guys want double overtime, help us pass 750 likes. I don't think we'll get there, but if we do, we're sticking around beyond the one hour mark. We're about to get into this really interesting update. Ripple received its complete crypto asset service provider license, making it the fully compliant with the EU's Mika rules. And Johnny, 3,000 companies, you're hearing that correctly. 3,000 crypto companies were kicked out, not allowed to operate anymore because of these Mika regulations. Only 244 companies got that free pass. Ripple is one of them. And that's what we're gonna break down for the next portion of today's show. We already have over 5,000 live listeners, guys. If you're having fun, smash that like button. And this guy said, the math ain't mathing with the DTCC and Swift using XRP, $28 is too low. Now, here's what we're gonna have to see, guys. Where is this market at the beginning of 2027? I'm not anticipating this DTCC trial and these tokenized assets to have any major impact until they're launched at scale. And I can't imagine a situation, Johnny, where the DTCC is launching a product like this in an unregulated environment. So that's why you're gonna hear us double, triple, quadruple down on the Clarity Act. But we're running out of time, guys. And I want to get into this update. Here's what Ripple had to say about their license and how this changes everything for people like us. Here it is.

SPEAKER_00 49:42

The main reason that we're starting to see or we're seeing this adoption really, really happening now is regulatory clarity. Um and it's providing banks and the largest financial institutions in the world um, I guess, the uh the incentive or the the ability to be able to really lean into offering this to their customers. Um you know, Mika here in Europe really has kind of kick started that momentum, and what we've seen is um banks almost racing on a regional basis to launch um a digital asset offering to their to their customers because their customers are demanding it. It's no longer a nice to have, it's a must-have to keep competitiveness within within their specific region. Um, and I think that you know um that momentum around um uh around regulatory clarity is is only going to continue. Um, and you know, last year we saw 250% year-on-year growth here in Europe from a custody perspective. And I expect that that kind of momentum will kick on into the second half of 2025 and and into 2026.

SPEAKER_08 50:42

Well, Johnny, here's what's really interesting too is that when you look at what happened to Tether, the largest stablecoin provider on the planet, they're not Mika compliant. They can't be offered in Europe starting July 1st. That was only six days ago. And we saw something else really interesting. So we know China's moving into crypto. We know Europe just launched their own crypto regulations. They signed Mika two years ago. It's rolling out in real time right now. Well, you know what other country has their version of the Clarity Act rolling out on September 1st, 2026? Russia. And so if Russia's about to launch their own digital asset products, that's even more incentive for the US to step in before our global counterparts garner control. And the final thing that we covered during yesterday's episode, Johnny, and I think you'll appreciate this the largest bank in Russia. You're hearing this correct, the largest one starting on September 1st is integrating a live digital asset wallet into the largest banking app within the country. September 1st, 2026, crypto's going mainstream in Russia. Now we're seeing it in Europe. We already know what's happening in China. Sounds like we're long overdue here in the US.

SPEAKER_04 51:43

100%, Abs. And that's exactly what Trump's talking about. And this is just what I was just talking about now. These countries are already two years ahead of us. Because remember, even if we get the Clarity Act passed in in a month from now or two, it's still gonna be a year. I think I'm hearing anywhere from nine months to 18 months or say before it actually goes into effect, which means now we're four years behind. You see what I'm saying? So this is a challenge, and this is why we're gonna have to leapfrog to get ahead, but yet we're starting our ourselves so far behind. It's like we shoot ourselves in the foot, it's really crazy. But nonetheless, it's actually horrible, Johnny.

SPEAKER_08 52:18

Like, and sorry to jump in, but I'm gonna kick it right back to you. It's kind of worst case scenario. Worst case scenario is that the crypto industry goes from 2 trillion to 10 trillion, and you know who profits off that the Russians, the Japanese, and the Europeans. While the Americans, we're not even allowed to own these assets at scale because most people aren't gonna sign up for Coinbase and download a wallet and self-custody. If you're in our live chat, if you're doing those types of things, you are a very unique individual on a global scale. So pleasure, John. I just want to grab that.

SPEAKER_04 52:47

Yeah, no, you're absolutely right. That's exactly correct. And that's that's where we're at. We're we keep setting ourselves back. Now, again, for all of us, we're here early for the small five, six percent, or maybe 20% of people in America who are invested in crypto. Congratulations, shout out to you, put yourself on the back. Don't break your hand when you do it, don't pull a muscle, hurt yourself. But yeah, basically, you've kind of gotten an advantage and you're ahead of the game. But for the rest of the world ads, unfortunately, it's they're gonna most retail is gonna end up getting left behind in this, or they're gonna end up becoming exit liquidity because they didn't get in the right time and the U.S. didn't do them any service or justice by by being uh such a massive laggard in this technology.

SPEAKER_08 53:23

I totally agree. And again, what we're discussing right now is the fact that in Europe, Ripple just became a fully regulated, fully clear, fully cleared company, Johnny. And the idea is that now this utility market can start in other countries. We're already so far behind that American utility, like you just stated, it's gonna have to catch up with Japan, Russia, China, and Europe. And if let's say these countries all across Europe integrate blockchain products, how is the United States of America gonna be running on these old technologies while the Europe is scaling blockchain tech in real time? We're gonna lose a significant amount of capital, a significant amount of growth is gonna happen offshore because it can't simply happen here inside the United States. This would be as wild or as crazy as the iPhone being launched everywhere in Europe, everywhere in China, everywhere in Russia, and Americans are forced to stay with the flip phone because the US government said it's a threat. That's what we're dealing with right now, and that's a pretty shocking case scenario.

SPEAKER_04 54:21

Bingo. I mean, this is that that's it. That is the child, that is the problem. That is the problem, and that all happened because we had those four years of Biden. Whether you love him or hate him, doesn't matter. It's not even Biden's fault. I mean, he just was being bought and paid for by the by the lobbyists and the lobbyists won that battle. And the banks won, as John Carlo just stated, there. And and what does it come at? At the cost of American jobs, American income, and American prosperity or growth in the space. That's that's the penalty that we have to pay because the banks got their way four years ago. And if they get their way now, and we don't get the clear act, it's just gonna continue and it's gonna get even worse. But that's why I think Trump understands that. I think Cairous gets it. I think the industry understands it, and that's why I think the industry, Abs, why do you think I've been saying at the end of the day that even if we have to take a shitty bill, a crappy bill is better than no bill? You know, and Charles' like, no, no, no, no, no, no. We don't want a crappy bill. Yes, you do. We'd rather have a crappy bill and get the industry going, otherwise, we're just gonna continue to fall behind the rest of the world, and we don't want that to happen.

SPEAKER_08 55:21

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SPEAKER_05 56:57

Um, the US is a night and day shift in terms of uh regulatory clarity and thus night and day shift in terms of institutional um appetite to adopt these technologies. Um, I would say kind of like the bright line last year was the Genius Act. So this is the first time the US uh created legislation that provided clarity around at least stable coins, now working on the Clarity Act this year. But that was really important for validation of the technology and the whole industry for traditional finance to be able to say, okay, this is here to stay, and we can we can use these technologies in a way that is approved by our regulators and they have that clearance. That was it's like a green light. It's it was really, really important. And um, I mean, I could say at a at a macro level, I know things like B2B stablecoin payment volume more than doubled last year from 2024 to 25, um, as well as uh assets under custody by uh institutions, digital assets under custody by institutions. Um and within our business, I could say that we saw like dozens of requests for proposals coming in from banks, especially in the US, for our custody products. I think that's a pretty good sign that um, you know, the institutions are coming.

SPEAKER_08 58:05

I just love that video, Johnny, because again, what does it highlight? It highlights that the Genius Act was step one, and now we're gonna finish the job here with the Clarity Act being that definitive step two. But we're already almost an hour into the program, guys. I just want to give a massive thank you. If you had fun, you enjoyed today's content, smash that like button, leave some of your thoughts underneath the video. It is undeniable that we are in an opportunistic time to accumulate these assets, Johnny. BC Backer said it, many other crypto investors are saying it. The XRP token, Bitcoin, these assets are way undervalued from where they were just 11 months ago. Less than a year ago, Bitcoin was 125,000. Less than a year ago, XRP was 350. The same assets right now are in a 70% discount, but it's up to you whether you decide if you want to take action or you want to wait till the bull run to chase the FOMO. If you enjoyed this content, smash that like button. We love you guys. We appreciate you all. Go out, touch some grass, hug some family. It is downpouring in Boston, Massachusetts. So not a lot of sun that I'm gonna be able to get today. If you're somewhere sunny, congratulations. Life is good, my friend. We love you guys, 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 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 to click on the link down below, sign up for iTrust today, and take advantage.