GRAYSCALE JUST DROPPED A BOMB... 80% FOR XRP EXPLOSION BEFORE AUGUST....

Added: 2026-05-26

[00:00:00]The Clarity Act has an 80% chance of getting signed into law this year by the head of Gayscale. We also have Bill Marhar attacking crypto once again saying it is play money. We are getting these two different narratives. People that support crypto are all for it, want to see it signed into law and have it regulations set up here in America, while others want to see it defeated at every single turn. We also are going to explore this new narrative or this narrative in crypto right now that retail is dead and the next marginal buyer is institutional. So I thought this was a lot of good clips to put together here on a Sunday to really see where everything is and see what the sentiment is like and understand where this market might be heading. We are recording here on a Sunday. Please support the content. I greatly appreciate you >> look at the midterms and where clarity is. you feel where are you putting the clarity odds right now Zach in in a percentage kind of like a poly market the Zach poly market >> the Zach odds are at least 80% uh at this at this point I feel pretty good about it I think the two Democrat votes in the Senate Banking Committee were very important to signal that this can get bipartisan support on the Senate floor which is the key hurdle >> yeah what also Brook and Tillis for sure well I think the concern right now is still those wild cards in the Senate that could come out and just end up messing up everything. And then I'm still worried about, you know, what we're going to see in the midterms if we do get pressure and this doesn't get through in this particular cycle before midterms happen because that could really spoil things for crypto, I think, down the road if if clarity does not hit right now while we have uh what do they call it? Strike while the iron is hot kind of situation. For sure.

[00:01:42]>> Exactly.

[00:01:43]>> Well, they've been working on it for a year. If the iron's still hot, I'd be surprised. But yes, you do need to get it past right now. you have the momentum, you have the people capable of getting it done. You do need to agree on a few things that are very important to Democrats, like ethics. If you don't have ethics in the bill, the bill is not going anywhere. I think Republicans understand that and they're going to need to figure it out. You did see uh the true social crypto index. Uh they pulled it out of the market. They were going to drop it. It had, you know, uh at Bitcoin, it had Ether. It has 2% XRP.

[00:02:13]they actually withdrew that product, meaning that the White House might understand that they are going to have to comply with ethics because it will be put in the bill here. So, I thought that was a positive sign that we are getting ready here for getting the Clarity Act signed into law. You guys let me know what what that signaled to you. All right. And I do want to talk about this because we do have comedians like Bill Mahar that have extremely large audiences, millions of people watching and it's a lot of people like my mom's age and then and sometimes, you know, I I'll even turn it on but it's gets a little too weird for me sometimes. But like he has a lot of people watching and these are a lot of people who vote and if they're thinking crypto is bad for the United States, that's not good for you and I, right? We want to have the message of what the technology is actually doing to solve, you know, instant payments, reducing the friction out of the banking system, this new uh era of real world assets and tokenization and and how beautiful that's going to be. And you know, I think people who don't fully understand the technology and only focus on the FTXs of the world, the three arrows of the world, uh, you know, those are the people that are going to maybe ruin it for all of us. Let me play it. 44% of the money that went to the last election from corporations came from crypto sources. That's crazy since it doesn't really exist. It's play money.

[00:03:30]>> Bill, you are way smarter than this and way more open-minded. If you want to talk about play money, let's do that.

[00:03:36]Let's talk about banks. You take $100 to the bank and how much are they required to keep of your money on reserve? Zero.

[00:03:44]In fact, they loan about 85% of it out.

[00:03:47]And in loaning that money out, banks made over $295 billion in profit in 2025. And did they share any of that profit with the everyday people who gave them the money to loan out? No. Because that would likely be in the form of interest. And everyday people rarely earn any interest on their bank accounts. And let's talk about the FDIC and the reserves they set up for those accounts. If you take the cash set aside for the FDIC reserves as well as their line of credit, that totals 2.4% 4% of all qualifying deposits have reserves set aside for them. Now, why wouldn't banks take a little bit of that $295 billion in profit and make sure our money is reserved? So, now let's talk about stable coins and let's see what looks like play money. Stable coins came around because people around the world could not get their hands on a stable dollar. And so, companies said we will provide access to the US dollar and unlike banks, we will reserve it. Not 15%, not 50%, one to one, we will reserve it. And let's take a look at the Genius Act that you guys made fun of.

[00:04:47]The Genius Act requires that stable coins are reserved one to one with cash, US treasuries, or like equivalents.

[00:04:54]Bill, you are great at hosting a dialogue where there is a point and counterpoint, but that's not what this was. This was a hit piece on crypto. And if you're interested in hosting a dialogue on crypto, there's a lot of us who would love a seat at your table.

[00:05:05]>> I don't know who this lady is, but she did an amazing job. If her name's Erica Perkins, I did drop her a follow. I don't know if it's the right person, though. But, uh, wow. I thought that just was a beautiful piece right there.

[00:05:18]And, you know, I I I hate when when crypto is attacked. I hate when the hit pieces happen and there's nobody on the other side there to defend this great ecosystem, this great group of people that uh, you know, I love more than anything. All right, this was the most important minute from this interview with Senator Tim Scott and um, this gentleman from Fox. I I do apologize. I don't know his name.

[00:05:38]>> Well, it's the future of finance in so many ways. Listen, American people want to have access to what the rest of the world has access to. The only way to do that is to have rules of the road. So getting this legislation done is historic. It puts America back in the driving seat for the future, the foreseeable future. Having Cynthia Lumis and Mark Warner work together on anything is a blessing. It's like Peter walking on the water. It's something you don't see every day. And so this is good news. But more importantly, having Senator also Brooks and Senator Ggo come along with every single Republican on the committee to do what's in America's best interest long term. Lower prices, faster transactions, and the good news is you, the person who has the resources, you make your decisions. You don't have to wait on someone to give you permission. Now you're working in a permissionless environment because of blockchain, the ability to verify transactions real time.

[00:06:39]>> You tell them, Tim Scott, I love it.

[00:06:41]Let's keep it going. And then Tony Edward put this clip out. Christopher Perkins, CEO of 250 Digital Asset Management, highlights how letters of Marqu can be used to enable privateeers to go after bad actors who have stolen your crypto. I like this. I'm a big believer in crypto and in the technology and the potential of this technology to do all the things I'm talking about 24/7 markets access democratization etc. And if I were to say the one thing that keeps me awake at night around this technology accomplishing its full potential is security. And I've been living this for years. How often have we seen a startup be hacked by a state sponsored actor? And when a state sponsored actor goes after a startup and tries to hack them, guess what? The startup's going to lose. And so, why don't we start pivoting on policies that will actually protect our founders, attract entrepreneurs on shore? And so, the thinking is is like, gosh, what if we look back at our history and come up with a fully regulated opportunity to let private companies go out and help us recover those stolen assets? To me, there's only one policy solution I can think of, and it's not to blame the victim. It's to go after the bad guys, and the bad guys keep doing it. So, how do we create policies that protect our founders? And to me, it's around issuing the regulated letters of mark where they can go and recover assets. When they're successful, they will receive using a pirate term, some of that booty, and some will go to the house. And then, of course, some will go to the victim. And the great thing about crypto is it's all on chain. You could track who.

[00:08:13]>> I love that, man. It's uh we're going to we're going to back few hundred years where the you know pirates ruled the world. But hey, we do need help when when when somebody gets scammed and then you know it's usually not just one person. It's usually to have thousands or hundreds of thousands of people and all of that money adds up. And if there's some way to get that money back, I would like to see that happen. All right. Uh is retail dead? I keep hearing this. This is the narrative that has been screaming and and people are yelling it in the crypto Twitter sphere and I thought this was valuable to have in this video. So, let's go ahead and play it and we'll talk about it.

[00:08:47]>> Who is going to be the next marginal buyer and what is their model going to look like? And I think retail is dead currently. That money is not coming in.

[00:08:54]It may come back, but you never you never know what that's going to trigger that. I didn't think it was going to be NFTTS, but that's what happened in 2021.

[00:09:00]But I think the next marginal buyer are more of the institutional archetype.

[00:09:04]Like they're going to be looking at they're going to be looking at the flows. because they're going to be looking at the revenue. They're going to be looking at the value crew model and they're going to want to see a model that makes sense even if it's not necessarily net positive inflows in the short term.

[00:09:17]If there's a model that works in the long term and really it's effectively only two things, some kind of dividend which is a staking reward or some kind of buyback model which is just a buyback model is the same in crypto. And are you able to achieve the monetization and the network effects required to get that flywheel engine running? I think that's going to become increasingly important and I think a large reason why hyperlquid is going to keep getting more and more attention because it's such a straightforward model especially as they continue to expand into tradi and trady recognizes hyperlquid that model of it generates revenue and buys back its token is just intuitively obvious and I think more and more projects are starting to shift towards that direction. Chainlink took that model and applied it to not just onchain revenue but now also off-chain revenue as well.

[00:10:00]So, I think there's a lot of different ways you can actually take this economic model and and explore it. But I think the idea that like my token is money and people are going to use it as a store of value. I think that story is dead for most assets. It it works for Bitcoin, kind of works for Ethereum. For everything else, it's dead. Like that story of being a memecoin, I don't think is going to entice the next marginal buyer.

[00:10:21]>> Slume is interesting. All right. Uh and then of course, Brad Garlinghouse was the best 30 seconds here on his opinion on the Clarity Act. was like in the Swiss Alps or something when they had that meeting a few months back.

[00:10:31]>> Clarity is always better than chaos.

[00:10:33]>> St. Marit >> and the industry needs clarity.

[00:10:36]Perfection I think in my experience like is the market structure bill that's pending in the banking committee is it perfect? No, certainly not. But is it better than nothing? Absolutely. And I think uh we need to con continue to work constructively with Washington to get and continue iterate what is already sitting in front of the banking committee to make it better. But we shouldn't give up now. We are so close.

[00:11:00]All right, let's continue. I got one more thing here to show you. Chad says they really need to win before the midterms kickoff, right? And the White House is pushing hard for the Clarity Act. Uh and of course being able to spend your crypto or being able to use your crypto to buy a house is actually a big deal. And this is really showing you that the institutional side is moving towards crypto.

[00:11:20]>> Prospective home buyers can now use crypto to qualify for mortgages. How's that working out? Darren Bautello joins me now. Darren, how does it work?

[00:11:29]>> Hi, David. This works by letting buyers pledge their Bitcoin instead of having to save up a bunch of traditional cash.

[00:11:35]And now the Trump administration is officially opening the door to make that the real estate norm basically. So recently, Fanny May was green lit to accept a cryptobacked mortgage for the very first time in history. While most traditional private lenders are dragging their feet here over volatility concerns, young American buyers in their late 20s and 30s are leading the charge.

[00:11:57]And behind the scenes, niche and hard money lenders have already been using crypto to qualify ultra luxury buyers.

[00:12:05]But now it's breaking into the mainstream. Fox Business contributor Katrina Campins recently closed on a Boca Raton home for a buyer using Bitcoin. The price tag, David, $4.2 million. And while vetting the funds was the hardest part, the sale closed in just get this 23 days faster than some traditional deals.

[00:12:27]>> The transaction, which closed in 23 days from list to close, was actually pretty simple. The most complicated part about it was the compliance and regulations around making sure that the crypto wallet and the money in the crypto wallet was actually legit. And if they have a lot of crypto assets, this could be a good option for them. We just need to figure out exactly how to do it responsibly.

[00:12:53]>> All right. So, housing experts are optimistic but warned that Bitcoin's notorious volatility could sour deals or affect affordability minttransaction, kicking off a slow adoption process for the middle class. Campen's advice for anyone looking to buy a home with crypto, make sure you work with an attorney, a real estate agent, and a title company who actually understands the technology. David, >> sounds a little too use >> guys. We are moving towards a new age where your crypto can be used for pretty much anything. I mean, if you can use it to buy a home, you can use it for almost everything. So, all right, I'll leave it there with you. Please support the content. Like, share. Let me know what you guys think about all of these clips.

[00:13:30]Uh these I know there's kind of, you know, a little bit of randomness in here. We're talking about uh, you know, banks, we're talking about crypto, we're talking about regulation, but I thought these were the clips that kind of stood out the most, and I just wanted to put them all in one video for you. All right.