8/3/26 (Short) - 🚨 XRP ABOUT TO EXPLODE: THUNE CONFIRMS CLARITY ACT "PRIORITY" 🚨 TRILLIONS INCOMING THIS WEEK!?

Today we will be discussing…

//// T I M E C O D E S

0:00 - OPENING JAKE CLAVER CLARITY ACT & XRP CLIP!
01:20 - INTRO: THUNE CONFIRMS CLARITY ACT "PRIORITY" & XRP REPRICE!
02:28 - MUST WATCH: THUNE CONFIRMS CLARITY ACT "PRIORITY" VOTE THIS WEEK!
03:53 - SENATE SCHEDULE TO PASS CLARITY! 
04:58 - WHITE HOUSE ETHICS DEAL* UPDATE!
07:11 - WHAT HAPPENS IF CLARITY ACT DOESN'T PASS!? 
08:35 - JIM CRAMER SAYS HE'S SELLING ALL HIS BITCOIN! (IS THE BOTTOM IN!?)
10:26 - XRP ABOUT TO EXPLODE! (ALT. COIN INDICATORS FLASHES GREEN!)
14:44 - JAKE CLAVER TALKS XRP REPRICE & CLARITY ACT IMPACT!
16:44 - DEBATE: DO WE NEED THE CLARITY ACT FOR TRILLIONS TO UNLOCK!?

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Transcript

SPEAKER_02 0:00

With everything about to play out, like you've just said, with the unwind, is price appreciation inevitable? Or can we still see no price appreciation with Clarity Act? Thanks. I am very confident that we will see price appreciation before the Clarity Act. And I will continue to state that. There are a lot of people out there that don't believe that. And that's okay. I don't even know that the Clarity Act is going to get passed this year. Cynthia Loomis said that she thinks it's done and they're going to pass it soon, which is great if it does. But I can tell you she also said the same thing at SALT last year. And she said it would pass in 2025. Here we are, April of 2026. Still no Clarity Act. If they do not get it passed in the next two months, highly unlikely we're going to see a Clarity Act passed here in 2026. Probably going to be 2027. And that's not to say that we're not going to see the implementation of these networks. I think you have enough guidance from the SEC and the CFTC, joint guidance that things, the majority of these digital assets are commodities, 16 of them listed in the you know joint release that they put out. Banks and the OCC leaning in. Once these protocols are adopted and the assets are used, it would be very difficult, like literally impossible for the next administration to come in and pass or codify other laws to be able to remove them. Once they're implemented, it it's game over. It's done. It's with us for the next thousand years type stuff. So, you know, again, I'm not overly concerned about the Clarity Act, even though others out there are.

SPEAKER_04 1:21

Massive update for American crypto investors. As Senate Majority Leader John Thune just confirmed, the Clarity Act procedural vote is still locked and loaded for later this week. And during today's episode, we're going to be breaking down how the biggest crypto market structure bill in US history could finally unlock the regulatory clarity that we've all been waiting for. And listen closely because this is the green light that could send trillions of dollars flooding into the crypto space. Banks, institutions, pension funds, and Wall Street Giants have all been sitting on the sidelines and waiting for the Clarity Act. And they've even gone as far to publicly endorse this bill. So when clear rules of the road are published, that means the floodgates open. And for the XRP ledger, this could be the absolute rocket fuel that we've all been waiting for. Real institutional adoption across the United States is about to ignite, turning the XRP ledger from a speculative asset into a global payment rail. And during today's show, we're going to be breaking down exactly what's set to happen to the XRP ledger, regardless of if Clarity gets across the finish line. Hello and welcome back to another episode of Good Evening Crypto, your favorite crypto news related channel. If you enjoy this content, smash that like button and subscribe as you're going to get an update every single day, 5 30 p.m. Eastern time. And we're going to waste no time diving straight into the content we have prepared for today. But I would encourage all of our listeners to stick around until the end of the episode so you can have a fundamental understanding of how XRP is set up for success, regardless of what happens with the Clarity Act. But to kick off today's show, I wanted to give you the brand new update that we just got out of Senator Thune, as he was addressing the probability that we'll get a Clarity Act vote later this week. And here's exactly what he had to say. We have a bunch of stuff that we still have to finish and we'll just stay here until we get it done, said Senator Thune. Now, on his list is the crypto market structure bill. And this is very important, Johnny Crypto, because we need to get the ball rolling during this week, as we've been highlighting all throughout the summer. So Thune confirms that the Clarity Act procedural vote is still in play for later this week. Senate Majority Leader Thune says the Senate will stay in session until the work is finished and that the Clarity Act procedural vote remains on the agenda for later this week. Now, so far, the crypto market structure bill is still on Thune's official priority list, and Thune did not give an official timeline for when he'll file cloture, leaving the exact vote timing uncertain for the time being. Now, the Senate is also working on some key bills that we need to get across the finish line with dozens of nominations, Russia sanctions, and other legislative businesses also being addressed. The timing remains unclear, but the Clarity Act is still a priority for the Trump administration. And I wanted to give you guys a brand new update on where the State of the Clarity Act is sitting today. Here's what the digital chamber CEO Cody Carbone had to say about just how likely it is that this gets done this calendar year.

SPEAKER_03 3:54

We won't have enough time for it to go to the House. The House is already out of session. I I've changed my expectations of what success is over the next week. We need to start to have some of the procedural votes. A motion to proceed vote that needs to happen. It needs to get on the Senate calendar first. Then there's a cloture vote. There's going to be amendments. You need at least like 30 hours of debate before you can go into end debate. Can we then tee ourselves up where the first week they're back in September, all they need is just that one passage vote. Then all the House needs is that one passage vote and it can move very, very quickly to the president's desk. That is success right now. As I mentioned, the House is already gone, so it's not going to pass the House anyway until September when they get back. To do that, we need to get the ethics deal. Uh, you have 53 Republicans, you need 60 votes. That's at least two Republicans that are likely a no. Mitch McConnell, we don't know where he is. That means then you have to get 10, at least 10 Democrats. You have to begin voting next week on some of these procedural votes. Because if you do not begin voting next week, you likely lose all chance that this bill is going to move forward in the fall. Again, if we were talking a week from today and we didn't begin that process, I would say this bill likely doesn't have a chance to move forward this year.

SPEAKER_04 4:58

And so what's exciting about being a crypto investor right now is that undeniably, we're at a breaking point for the entire industry. Either guidance is going to be provided or it won't in the summer of 2026. And that could determine how this market operates throughout the next calendar year. But I wanted to give you guys a status update as the White House has still not responded to the ethics counter proposal that was sent over last week by both Democrats and Republicans. Now, a deal on the Clarity Act's biggest outstanding issue has yet to materialize as we're heading into the week of a potential vote. And Johnny, we've said it a thousand times and we'll say it once more. The ethics issue is going to be that defining factor that really decides whether the Clarity Act gets across the finish line. But I want to hear from our listeners if you believe we're going to get a Clarity Act vote later this week, smash that like button. If you disagree, leave some of your thoughts underneath the video. But Johnny, taking all this new information into account, how are you feeling about the Clarity Act vote later this week?

SPEAKER_06 5:48

Well, you know, I'm a little surprised. I would have expected, considering how important the president's been pushing for this thing, that if he's got an ethics deal in front of him, he should give some response so we could keep the ball moving quick because there's not a lot of time to play here. As you've heard, the time is very, very tight. And I couldn't agree with Cody more. You have to readjust your expectations on what is a win. And if we can just at least, abs, get to a closure vote so we can see who is for this thing and who against who is against this thing. To me, at that point, that's almost your win. Because at least you can get people on the record and we'll finally know how close we are to getting this thing passed. So for me, that still is what I'm focusing on. That's the win. I want to see this thing come to the floor, and I want to see them be able to get a culture vote so we can kind of see who's foreign against it. Right now, that's the best we can hope for. I mean, at the end of the day, like you said, there's no chance it passes in August because the house isn't here anyway. But if we can get the culture vote and we can see whether it makes it past that, if it does, then we know it's gonna pass it, we'll go into the house, and then from there, now it's whether the house will take care of it, and then September we're good to go. And that's what we want. We only want a procedural vote in September, a pass it vote, and we're good to go. Because that I think we could get, even though we're so close to elections. But if we can't even get past the 60 votes here, then then we're in a lot of trouble. But at least we get it documented. To me, that's the most that's a big win right now.

SPEAKER_04 7:11

And so for newer crypto investors who are wondering what could happen here if the Clarity Act doesn't get across the finish line, we also have a plan for that that we've been sharing. And that is that the CFTC and SEC both come out and provide guidance for the industry that can be used by these large Wall Street participants until the end of the Trump administration. And that's exactly what Michael Saylor's strategy CEO had to say on CMBC earlier today.

SPEAKER_00 7:32

The biggest catalyst that'll start to cause Bitcoin to move forward is legislative clarity. And what I mean is we need the SEC and the Treasury and the CFTC to move forward with a set of excellent rules that they have planned to allow tokenization of real world assets, to allow stable coins to be implemented. What'll happen then is large banks, and we've seen them will start to move into this space, and that'll be a major catalyst uh for Bitcoin. And I think that'll also allow Bitcoin to be the inflation hedge that we expected.

SPEAKER_04 8:04

And I know there's a lot of people who are feeling down about the Clarity Act potentially not getting across the finish line, Jotty. But if you listen to experts like Jake, he's told us from day one, the SEC and the CFTC, that is all we need to provide guidance until the end of the Trump administration. And then thereafter, that's when the Clarity Act would really become an issue. So we may see large pools of capital be allocated into the crypto market, regardless of what happens with the Clarity Act towards the back end of this year. But we're going to be covering those articles as they unfold in the back end of 2026. Now, something that did just unfold is a very bullish sign for the entire industry. And no, that's not the Clarity Act getting signed. That is Jim Kramer telling the world he is selling all of his Bitcoin. Here's the clip: I have some crypto.

SPEAKER_09 8:44

When I think about the equations that people tell me could never be cracked to get to my crypto, I it sounds to me like the University of Chicago announcement. Should I be more careful?

SPEAKER_07 8:55

I think that you should give yourself three or four years. And at that point, I would get rather paranoid about it. That's not that long. No, that's not that long. Hopefully.

SPEAKER_08 9:05

Yeah, I realize some way in Ethereum, not really, maybe even worse. So I think that people have to take this man seriously because they're doing commercial quantum. Bitcoin and quantum. And I'm gonna sell like you are, yes, absolutely. Really, just on what he said. Well, well, he's he's the man.

SPEAKER_04 9:25

Well, you heard it right there. Jim Kramer is officially selling his Bitcoin because of the fears of quantum computing. And Johnny, if you remember last October, Jim Kramer actually came out at the peak of the market in October and said that he was gonna be buying the Bitcoin dip. Now, little did we know that was the beginning of the bear market. So the question that I'm beginning to ask myself is is this the clip we're gonna look at in a year and say that was the bottom of the bear market as well? If you guys agree, smash that like button. If you disagree, throw some of your thoughts underneath the video because we're getting some serious bullish momentum in the crypto space. And this reversal is just beginning. As Jim Kramer is saying, he's selling all of his crypto. So this is the signal we've all been waiting for as the July ISM manufacturing PMI just came in at a 55.6, which is higher than expected. Now, the US PMI just entered the phase that produced the biggest crypto rally in history. And this is the highest level we've seen in four years and the seventh straight month above a 52. These are all very bullish indicators, but you don't have to take my word for it. Let's listen to what our friend Dan Gambardello had to say about this once every five year indicator that just flashed green.

SPEAKER_05 10:31

Last week I showed you this line, the 55 line, every measurable time this economic number cross above 55 with some momentum. Altcoins entered the most powerful move in crypto history. And I told you the exact date to watch, which was today, August 3rd. That was this morning. 55.6. First time above the line in over four years, up 2.3 points in a single month. This has happened twice before in altcoin history, February 2017, $800 million to $421 billion in 11 months. September 2020, $132 billion to 1.6 trillion.

SPEAKER_04 11:12

And so Johnny Crypto, while the world is focused on the Clarity Act getting across the finish line, being that identifiable catalyst that brings us out of this bear market, it appears that the charts are telling us liquidity is about to come in regardless. And this is a chart that I've been sharing all throughout the week. Because regardless of what happens with Clarity, guys, I'm anticipating a very exciting 2027 for the XRP community. And this is a great illustration of what we could anticipate here. As once we break the all-time high for XRP, there are two particular price targets that the Fibonacci are telling us to keep an eye on. That would be $650 and $13. Now, to some of our community, that sounds very exciting. And to others, that's just the beginning of a much larger move is that regardless of what happens with the Clarity Act in 2026, Johnny, these assets are definitively undervalued. And I'm anticipating that either the Clarity Act comes and the United States gives us those guidelines or it doesn't get passed and the SEC and CFTC step in. We are in undervalued territory that is overdue for some long-term bullish momentum. And my belief is that the same way that Jim Kramer is telling us it's time to sell at the bottom of the bear market, this could be a great indication that things are about to change. And the PMI just flashed that signal as well.

SPEAKER_06 12:19

I'll tell you what, abs, when you put it all together and you look at all these different indicators that are coming in, you certainly can't help but feel like we're we're finally pulling out of this beer market. First of all, you got Jim Kramer. Always you do the inverse Kramer rule. So if Jim says one thing, you do the other. It's a no-brainer. Jim's saying to sell crypto, well, you then you want to be buying crypto. Then of course, you've got you know Dan Garbadello, who who, you know, that interesting point about the 55 and being over that, that's very interesting because the reality is, you know, obviously he's showing you it's only happened a couple times. And it's so interesting how that is coincidenting with with potentially the vote of the Clarity Act, right at this point in time. And of course, you have the biggest catalyst of them all, which is the Clarity Act. If we even get a vote on this thing, um, when you put all these pieces together, and then also you have everybody coming back. Remember, go away in May, come back in September. You know that that people coming back into this space where I think when retail comes back in and you they start hearing, you know, I think they would have forgotten about all this. So when you start hearing about oh, the clarity act could be on the cusp of coming. I think that's also going to be a catalyst. And then, of course, you heard it. The banks are also wanting to get into this space. So it all just feels like we are finally near, I can't help but feel we're near the bottom. We're due for this thing to turn around. It's just how it happens. And I really think we're setting up for a beautiful, beautiful 2027. You know, a $13 XRP apps, are you kidding me? I mean, you're right. There will be a bunch of people that'll be like, oh my God, it's only $13. Oh my God, I'll be jumping for joy in the streets and we're sitting in a $13 XRP. I mean, that's a 13x from where we are today, and almost a uh a 50x from if you were buying at 20 cents, which a lot of our users have been around. You know, you and I have been around since 2020 when you could buy XRP at 20 cents. Um, and even if you didn't you bought it at 50 cents, Abs, that's still a a 26x. So that that's a massive amount of appreciation in a short period of time. So for me, certainly feeling optimistic that finally I feel like we're we're gonna come to the end of this this bear market at some point in time. And um, and I think it's gonna be life-changing for many, many people. And more importantly, abs, the banks we talk about soft app, they want cheaper, better solutions. And we and we've already heard them come out and say they've even given us examples that they've been testing and using blockchain technologies, apps, and they are seeing cheaper, better results. So this thing is gonna happen. It's just a matter of when, not if at this point.

SPEAKER_04 14:40

The freight train has left the station, my friend. And I think the clearest example of this is companies like the DTCC acknowledging they're gonna be using blockchain products to tokenize real world assets. That's not a short-term narrative, that is a structural shift in the financial system. And this is where I wanted to defer to our friend Jake Klaver, who does a phenomenal job describing how the XRP token, it doesn't need the Clarity Act, but maybe every other asset does.

SPEAKER_02 15:01

With everything about to play out, like you've just said, with the unwind, is price appreciation inevitable? Or can we still see no price appreciation with Clarity Act? Thanks. I am very confident that you will see price appreciation before the Clarity Act. And I will continue to state that. I don't even know that the Clarity Act is gonna get passed this year. Cynthia Loomis said that she thinks it's done and they're gonna pass it soon, which is great if it does, but I can tell you she also said the same thing at SALT last year. And she said it would pass in 2025. Here we are, April of 2026. Still no Clarity Act. If they do not get it passed in the next two months, highly unlikely we're gonna see a Clarity Act passed here in 2026. Probably gonna be 2027. And that's not to say that we're not gonna see the implementation of these networks. I think you have enough guidance from the SEC and the CFTC, joint guidance that things the majority of these digital assets are commodities, 16 of them listed in the you know joint release that they put out. Banks and the OCC leaning in. Once these protocols are adopted and the assets are used, it would be very difficult, like literally impossible for the next administration to come in and pass or codify other laws to be able to remove them. Once they're implemented, it it's game over, it's done. It's with us for the next thousand years type stuff. So, you know, again, I'm not overly concerned about the Clarity Act, even though others out there are.

SPEAKER_04 16:22

And we must give credit where credit is due, Johnny Crypto, because throughout this entire process, Jake has been fully transparent. He doesn't believe the Clarity Act is gonna get across the finish line, and that doesn't shake his conviction whatsoever in the future success of XRP. But if you guys are enjoying this content, smash that like button and leave some of your thoughts underneath the video. As I'd love to hear what is your 2026 peak price projection for the XRP token. Johnny, what's your reaction to these new clips?

SPEAKER_06 16:46

You know, you're right. Jake has been very consistent with thinking it's not gonna happen and that you don't need you don't need it to happen for XRP to do its thing. I don't necessarily agree with that. I've been on the opposite end where I actually believe for the industry to grow as a whole and for investment to come into this industry, I absolutely believe you do need the Clarity Act. There's no way around it with with the with with the the with institutions being risk-adverse abs. We've already heard the SEC say, hey, we'll come out and we'll make the rules for you. Okay, great, they could do that. But abs, here's the problem with that. If the SEC comes out and makes crypto rules, and says this is how it works, the next administration, if they're anti-crypto, just goes to their new SEC head, which, oh, by the way, let's say they put another Gear Againster type guy in there, right? That basically says, Oh, we're gonna just write rewrite the rules. And it's that simple, Abs. They literally can just take an eraser and erase the rules and rewrite new ones. Now the institutions who invest in this space are screwed. They're not gonna do that, and that is gonna hinder money from coming into this space. That's why you need to clear the act because once it passes in Congress, you know, you can't take a pencil and erase and erase the rules. Now you need 60 votes. Good luck trying to get it. You see how hard it is to get 60 votes right now. So that's why I think it's uh that's why I'm in a little different camp. Uh I think we need it, and it is gonna transform and make the whole industry a much more uh lucrative industry if we get it. So I'm not in the same camp with Jake on that one, although I don't I don't agree with that. Now, in terms of will we get it or not, at this point in time, Sabs, it all depends on if we're gonna get what we need, which is some of that AG clearance or you know, AG um negotiations there, if we get it, then maybe there's an 80% chance those things pass. But at the end of the day, all I hope for is that we get a vote and we can see where people stand on the record.

SPEAKER_04 18:30

Totally on board with that, Johnny. The rebuttal that I would give, because again, I'm I'm just taking the opposite side of the argument here, is that if the SEC and CFTC can come out and provide guidance and then we begin to see these large corporations like a JP Morgan or like a BlackRock, which quite frankly hold the majority of lobbying power behind the scenes as well, well, why would these companies force future regulators to attack the assets that they're investing in? So I think that's kind of the inverse way to think there. And let me finish my thought real quick is that also if we get these assets integrated into these traditional products, and then we're talking about deregulation after two to three years, I think there's gonna be massive opposition that quite frankly, you can't just deregulate an entire market for lack of a better term. So that would be my rebuttal there. Floor's yours.

SPEAKER_06 19:12

You could definitely deregulate, and they have done it in the past. So, because it all depends on which president gets in and which group funded him. If an anti-crypto industry funds the next president, you better believe he's gonna put pressure on the SEC to get rid of him. And that's that's the rebuttal to your rebuttal. And the reality is if that anti-crypto uh group that's there right now wasn't so powerful that we wouldn't be having this issue right now, we would already be past it. The fact that we're having this issue, the fact that we can't get this over tells me they still hold a lot of power now. Now, if they lose power between now and the next election, then I would agree with you. Plus, you're right, once we kind of get the industry moving forward, if the train is going and maybe it's two years before, you're right. Maybe it doesn't get undone. The problem is there's always the risk of it getting undone. And just the mere thought of the risk that it can get undone is what's probably gonna hold certain companies from putting investment into the space, and that's what I'm worried about is that the fact that that unknown risk, absolutely what I'm talking about, that will limit what can come into the market today. But I do agree with you that once it gets going and we can get past that, it would probably still be hard to unwind it. But that's not what I'm talking about. I want to see all the money come in now, and I don't think all the money comes in now if that risk is over their head that this thing is not passed in clarity and it's just rules written by the SEC and CFTC. Does that make sense?

SPEAKER_04 20:31

Definitely. And I agree with you. We are on the same team here, guys. We need the Clarity Act in order for the best case scenario to roll out, but there is that short-term safety blanket for the next two years through the end of President Trump's term, which is the CFTC and SEC both come out and provide guidance, and we begin to see this capital be allocated. And again, I will stand by the argument that I think if JP Morgan, if BlackRock, if all these large companies embed blockchain products between now and the end of 2028, when Trump is done, Johnny, they're not going to be supporting an anti-crypto campaign the same way that they are right now. That's my theory, that's my thesis. But I want to hear from you guys. If you enjoyed this content, smash that like button, subscribe to the channel, and we'll see you all in the next one. 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 iTrust Capital link below and sign up to take advantage of tax-free crypto gains. Now, that's not the best part. By leveraging the iTrust link below, you're gonna get a hundred dollar free signup bonus to start funding your iTrust Capital account. This is gonna give our listeners access to crypto assets in a Roth IRA product, allowing them to compound those gains tax free until they're 59 years old and held these funds for five years. So a really unique advantage. So if you're excited about the future of digital assets, I would encourage everybody to sign up for iTrust Capital so you can take advantage of those compounding gains tax free.