🚨 ALERT: CLARITY ACT *ADDED* U.S. SENATE CALENDAR! 🚨 XRP TARGETS 100% BREAKOUT NEXT!

Added: 2026-06-03

[00:00:00]I do believe that if the bill passes, the winter's over. You will see prices skyrocket and we'll hit all-time highs really, really quick.

[00:00:08]>> Give me your bull and bear case. The bill passes. We've reached new all-time highs. What is that new all-time high?

[00:00:14]>> Uh, I'm still on record that Bitcoin will be $500,000 by the end of the decade.

[00:00:19]>> Massive update for American crypto investors. The United States Senate just made an official announcement that the Clarity Act has been approved for a floor vote in the month of June. And during today's episode, we're going to be breaking down the exact timeline of the Clarity Act being signed by President Trump in the summer of 2026.

[00:00:35]We're also going to be addressing the massive crash that we're seeing in the crypto markets today. With Bitcoin trading below 67,000 for the first time since April, we're going to show our listeners that this could be a market bottom and the buying opportunity we've all been waiting for. 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.

[00:01:00]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 throughout the entire episode as we're going to show you how this bare market bottom could be the greatest opportunity ever presented to crypto investors. But to kick off today's show, I wanted to give you guys an exact update of where the Clarity Act timeline sits today. as on May 14th, 2026, the Senate Banking Committee officially passed the Clarity Act in a historic 15 to9 vote, receiving support from two Democratic candidates. The bill currently lands in a full Senate legislative calendar starting today, meaning this could be voted on in the month of June. Now, right now, as of early June, it's sitting on the calendar with serious momentum behind the bill.

[00:01:42]There's no exact floor date that has been locked in yet, but analysts are suggesting a June 22nd through 26 deadline and potentially the first week of July before the July 4th recess. Now, once the Senate passes this version, we'll see a quick re reconciliation on the House bill and then it heads straight to President Trump's desk.

[00:02:00]Trump has been very vocal about making the United States the crypto capital of the world. And with the Genius Act already being implemented and the Clarity Act being implemented this year, many expect President Trump to ambitiously sign this bill by August of 2026. If you're excited about that, guys, smash that like button. Leave some of your thoughts underneath the video.

[00:02:20]Do you believe the Clarity Act will be signed by President Trump later this summer? Well, according to the update that we're getting this morning, the chances are now better than ever to see the Clarity Act get across the finish line. Now, to quickly address what Eleanor Terret put out earlier this morning, she said this is another step in the process and does not necessarily signal that the Senate floor vote is imminent. Specifically, it's a committee report for the bill, which adds to all the amendments that passed during the Senate Banking Committee's markup in the latest text of the bill. Note, it's not yet merged with the agriculture text, which will likely happen in the manager amendment on the floor. So, there's still a lot more work to be done in the background, but the Clarity Act is quickly progressing towards the finish line. And my anticipation is with all the momentum behind this bill. We had two Democratic senators cross party lines to support this thing in the Senate Banking Committee. Well, here's what's really interesting, Johnny.

[00:03:10]There's two independents and we already received support from two separate Democrats. That means if just three more Democratic candidates cross party lines and support this bill, we are going to have the Clarity Act signed into law in the summer of 2026. And what else is really interesting is there's a whole another narrative working in the background as Peter Schiff just reported some breaking news on X earlier today.

[00:03:34]He stated, "As Bitcoin continues to melt down, now breaking below $67,000, pressure will build from Trump's Bitcoin donors and his family's businesses to use the strategic Bitcoin reserve to bail out Bitcoin investors and the crypto industry. Republicans must join Democrats in opposition to this." Well, I'd actually say Democrats must join Republicans to support this thing. And with everything happening in the crypto industry before our very eyes, Johnny, I think this great collapse that we're experiencing in the market today could be the final wipeout before this market gets some serious momentum based on this legislative text that we're breaking down today. So, to cover it all, we got some breaking news from the US Senate.

[00:04:12]They have added the Clarity Act to the Senate legislative calendar, opening up the doors for this bill to be voted on in June.

[00:04:18]>> And you know, ABS, it's exactly right.

[00:04:20]we we absolutely need this bill to move forward. You know, Peter Schiff there, you know, he's been always anti-crypto.

[00:04:28]He's a very, you know, gold bug. And the reality is this. Trump may get pressure from some of his Bitcoin donors for a strategic reserve. Frankly, I don't really ever I never had a problem with the US developing a strategic reserve. I actually think it's not a bad idea when you think of it. There's only three other assets in the world that we have a strategic reserve for, right? Fiat for foreign fiat currency, gold and oil, which are two scarce resources. Well, what's another scarce resource apps?

[00:04:58]What's the newest most scarcest resource and the planet? Bitcoin, right? So, it's a new reserve. It's a new asset, and I think people don't know how to manage.

[00:05:06]So, I don't think it's such a bad thing if governments start uh adopting as a strategic reserve. And if they do 67,000, forget that number, we're going to be way up, much much higher. So I think from from that perspective, if we end up pulling it in as a strategic reserve, you will see the price of Bitcoin going up, which then also will bring crypto back to the forefront um into not not only just the regular sentiment, but retail sentiment because right now retail has kind of left the building. So I think you'll see retail excitement coming back into this thing.

[00:05:38]And then of course the clarity act I think abs once we finally get to the end of the road of that that will also start to drive it will signal to the world that finally okay crypto's here to stay and I think that's when you may start to see retail sentiment change and how funny is it that that may line up at the end of the summer in August and remember people come back in September. Here's something else that's very important, guys, is we don't have to wait for the Clarity Act in order to get these signs from the institutions. As the DTCC took a major step for all of crypto, adopting XLM's technology for the tokenization of real world assets. And the XRP community knows better than anybody else that Ripple and the XRP ledger are directly connected to this entire narrative. As XRP is primarily intended for large-scale institutional settlement, moving value across complex financial networks, well, all of this will get kicked off after the Clarity Act, whether it's Ripple's treasury, Ripple's prime brokerage, or Ripple's stable coin provider narrative. All of these different aspects of the crypto economy are developing before our very eyes. And I think this presents a great opportunity for assets like XRP to decouple from the crypto market, very similar to what we've seen XLM do during this time. Now, this analyst put out on Twitter, "The XLM price pattern dropped below this white line of support right before taking off and making a 100% move. XRP right now is dipping below this white support line. These two cryptocurrencies have been known to move together. If this does happen, I can see XRP hitting a $121 before bouncing." And this was put out earlier this morning.

[00:07:03]Well, today we are currently looking at an XRP price chart trading at a$122. And so for XRP investors, a popular narrative right now on X is that people are selling their XRP token to move into XLM. Well, this is the move that has not happened yet. And when people do that, they sell an undervalued asset for an asset that just had a breakout. And my anticipation is when the Clarity Act is finally signed into law, we are going to see legitimate utility enter the crypto network and we're going to see plenty of projects have the same type of price action that XLM is doing today. Now, let me be very clear about this. The Clarity Act isn't just another bill. This is the regulatory framework that the United States has been waiting for for the better half of a decade. And even industry experts in the banking industry that aren't crypto investors state this is the bill that could unlock trillions of dollars worth of capital into these public blockchain sectors. And the main logic behind that is that once the Clarity Act is passed into law, we're going to start to see these companies improve their existing businesses by using these public blockchain products.

[00:08:00]So for early XRP investors, this is really the moment that we've been waiting for. And all we're waiting for in the price chart is to see a catch-up trade just like we witnessed with XLM.

[00:08:08]Now, this is also happening during the midst of a bare market where many people are tapping out of this space. We're seeing retail investors leave in a way we've never seen before. And typically, right when there's that massive wave of retail sentiment and everybody's ready to leave, that's when the bottom is in.

[00:08:23]That's when momentum changes and that's when long-term investors end up having the most successful crypto trades. But I want to hear from you guys. Do you think Bitcoin will go below $60,000? One's for yes. Twos for no. Johnny, what are your thoughts?

[00:08:35]>> Yeah, you know what, Abs, for me, we're so close to that number. A Bitcoin moves so quick and rips fast. It would not shock me at all to us get to see a dip below 60. Do I think it will stay there for very long? No. I think if we get one, it'll be So, you almost have to have like your limit orders already in abs to be able to catch something like that. But to me, it would not surprise me for one more back test to see how low they can pull Bitcoin back. It's typically what they'll do before they send it flying, right, is to catch the bottom or or try to create a new bottom.

[00:09:03]So, would not surprise me to drop below and come back quick. It would surprise me if we dropped below and we stayed there. If we stayed in the 50s, that would that would be surprising to me and I don't I don't expect that to happen.

[00:09:14]ABS, um I think there's too much momentum behind it and I think there's just too much especially again with the clear deck. Now, if it does drop below it, that would almost signal to me and again this is just my sense. I could be wrong, but that would tell me that some people maybe know something we don't know about the Clarity Act. Maybe maybe not being able to get passed. And if there's some struggles with the Clear Act getting past and maybe maybe that will be the way we'll know, we'll see a drop in crypto that is not that doesn't rebound quickly. And that would then tell me, okay, there's something bigger at play here. So, you got to keep an eye on how that Bitcoin reacts once it drops below 60.

[00:09:47]>> Well, time will tell, guys. Do we get the Clarity Act signed into law? All signs are pointing to Donald Trump signing this piece of legislation in the summer of 2026. But I want to hear from you guys. Do you believe Clarity will be signed this calendar year? 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 IT Trust 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 going to get a $100 free signup bonus to start funding your iTrust Capital account.

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