The Great Reset Will Start Right After This...

[00:00:00]I want this done and I am tired of being in crypto hell.

[00:00:04]>> We've heard all of this talk about the great reset, all this talk about the digitization of everything and at this point it's been years and it feels like nothing is actually happening.

[00:00:20]Up until this point, everything blockchain and crypto has mostly seemed like nothing more than a social experiment, a lawless space with nothing but criminals and bad actors.

[00:00:39]But at the same time in the United States, there was very little that was being done to create any legislation to get rid of these bad actors and to turn this into something other than just an experiment. But now here we are with really one big final push to actually create an entire regulatory framework with the Clarity Act and it's finally making its way through Congress. Now you have the CEO before and now the vice chair of Coinbase coming on to CNBC to tell people that this is a matter of when not if that financial institutions will adopt Bitcoin blockchain and crypto.

[00:01:34]>> This is going to create a for the first time a comprehensive federal framework and oversight over the crypto space. If you look below the headlines, what you are seeing institutionally is a a wide array of of uh investments and partnerships with companies. And we're having an inevitable convergence where a few years from now, we're not talking about traditional finance and crypto.

[00:01:57]We're simply just talking about modern financial institutions because it appears every modern financial institution recognizes what Coinbase did nearly 15 years ago, which is it's simply a question of when, not if, everyone adopts crypto.

[00:02:12]>> But if you've been paying attention, there have been a few things that have kept the Clarity Act from being able to actually get pushed through.

[00:02:19]And that final piece that was necessary for the Clarity Act to make its way through Congress has just come into place.

[00:02:30]Is this right here, the moment where everything for blockchain and crypto changes?

[00:02:38]I'm Keith D here to talk everything money and markets. Let's dive in. First, it's worth recognizing the pressure that is on the United States. Russia actually just finalized a bill establishing a legal framework for crypto. The European Union has their ma regulations and they've set that in place. It's not even just legislated, but it's also active.

[00:03:06]Now you have the United Arab Emirates, Singapore, and Switzerland that all have more intensive regulatory frameworks in place around crypto. And we even have Japan introducing its version of a Clarity Act uh moving toward recognizing cryptocurrency as financial assets. What the United States likely wants to avoid is a situation like what happened with nuclear energy where the US invented a lot of the modern nuclear industry but because of intense licensing requirements and permitting practices other countries actually took the lead. Same happened with concepts like highspeed rail where Japan got ahead and with commercial drones where China has taken the lead. Much like what's happening with AI, what's going on with blockchain has often been brought up in the same conversation. Uh because of the fact that there's somewhat of an arms race that's taking place. We talked about the gain theory behind Bitcoin acquisition. There's only so much Bitcoin that exists. Senator Lumus recently came out and asked people to imagine that there was an arms race to acquire as much Bitcoin as possible.

[00:04:21]Wouldn't it be fun if the next arms race was not for weapons, it was for Bitcoin?

[00:04:27]Wouldn't it be fun if the US is buying Bitcoin and it scares China and Russia so they start buying Bitcoin and we have an arms race over Bitcoin instead of over weapons that we're we're as globally we're challenging each other to have a secure store of value. These aren't crazy ideas. Bitcoin is a nons sovereign monetary network that no one can control, which is really important in a time where the United States, for instance, is freezing assets.

[00:05:05]Apparently, Scott announcing the US freezing uh cryptocurrency assets from Iran in the middle of this conflict.

[00:05:13]You've said that the Treasury is fighting an economic war against Iran and you've done uh sanctions against Iran.

[00:05:20]>> We had the very successful EP the epic fury which was six six weeks campaign eliminated uh the Iranian Navy, the air force, a large large part of their missile and drone stockpile. And then what we're doing at Treasury and we are tracking these accounts all over the world. Uh we froze a crypto wallet leaked to the uh IRGC the other day about $130 million.

[00:05:46]>> Remember Russia having their bonds seized at the beginning of the Ukraine war. These are things that happened in times when it matters the most. And as I mentioned, Russia, for instance, is moving forward on crypto legislation, which is not a coincidence, right? the countries that stand the most to benefit from dealing with monetary networks that the United States cannot control are going to be the ones to move forward.

[00:06:15]And so the United States is going to have to be very uh quick to move if they want to make sure that they don't end up in a situation where they have no control over the system. And the current administration in the United States absolutely has promised to make America the crypto capital of the world. and the Clarity Act is very likely going to be that nail in the coffin to make sure that this is actually possible. But it's also worth noting that the United States did pass the Genius Act last year, which also plays a major role in the United States being able to implement its hedgeimony over the global financial system. for instance, by requiring that any US dollar-based stable coins being backed onetoone with short-term US treasuries, providing demand for US treasuries in a world where demand for at least the long-term US treasuries has certainly been in a massive decline uh versus the demand for other ways to store wealth such as gold. Jeremy Aair, the CEO of the publicly traded stable coin issuer company Circle, talks about the Genius Act and seems to think that the Genius Act alone will actually have a very massive impact on stable coins and crypto even without the Clarity Act.

[00:07:36]>> A lot of people thought that was what the the Genius Act did and what the Clarity Act, which is I don't know if it's going to pass or not, is going to do. Why?

[00:07:43]>> Well, the Genius Act set the federal law. We are basically conforming with the law which will go into effect in January of 2027. We're now right now we're in in my view in the still the very early stages of the stable coin market. But once the Genius Act goes into effect in January, every major institution, every major bank, every capital markets firm, payments companies, enterprises, public companies can all now build on this infrastructure, treat it as digital cash in the economic system. And that's a huge opening up. And that's why, you know, analysts, you know, look at this from a a trillion dollars to several trillion dollars in the coming years.

[00:08:18]So, we're at the start. But that final piece that needed to come in place for Congress to feel good moving forward on the Clarity Act was having language in place to prevent any unethical practices from the president involving his cryptocurrency activities, which does come after the president uh made these financial disclosures where he reportedly made over a billion dollars from cryptocurrency activities in just his first year back in office. But apparently the White House has agreed with the idea of including this kind of language in the legislation which is giving the opportunity for the Clarity Act to actually get passed before the August recess. But what I want to point out here is that a lot of the other dominoes regarding what would make cryptocurrency actually become what everyone thinks that it can be have already fallen. I mean, you've had the SEC and the CFTC working together to further delineate and clarify which roles they have over this industry. You've had uh a task force from the presidential level, the executive level in the United States, working towards uh creating even as much as a a strategic Bitcoin reserve. Uh we've seen guidance coming from even the OC and banking charters being handed out to companies. Um and we've also seen all over the world other countries uh adopting and rather creating a framework at least for these technologies to be able to exist and thrive. At this point you also have the depository trust and clearing corporation responsible for over one quadrillion dollars worth of securities transactions starting to settle transactions on blockchains. And look, my point here is that it feels like the entire industry is just about ready to go and that the Clarity Act passing the finish line might be the last piece before we see that world that we've been talking about and envisioning. But it's also important to understand that even when the Clarity Act is passed, it is going to take time for these rules to actually be implemented the same way that it has been for the Genius Act, as Jeremy Olair mentioned earlier. And now, I'm not a financial adviser. None of this is financial advice. And I highly recommend that you do not take financial advice from a random guy walking around the streets talking to a stick.

[00:10:49]With crypto in the gutter, right, and potentially going to continue to fall over the next few months, how crazy would it be that if by the time we're heading into the next bull run, things line up perfectly with where these laws will be in place and actually coming into effect. The reason it's so important to have actual legislation in place for these large institutions, right, that are going to be not just putting money into this, but also be using these technologies is because well otherwise as soon as power shifts uh with different parties being in power and so on, you know, any guidelines or executive orders that have been signed can just get reversed on a dime. But we're talking about the permanent shift in how laws work in the United States. And obviously laws can change, but you would need all of these people to come back together and rewrite new laws again and update these laws, which is something that would be difficult to do in terms of just reversing everything that's already been done. So although this has been an extremely long and drawn out process for getting the Clarity Act across the line, it's worth considering that one, there are people that are out there fighting to make sure that the laws that come in are actually fair. And then two, uh that there's pressure coming from an international level uh to make this happen. And so it's very likely that you're going to see the Clarity Act get passed uh I'd say sooner rather than later. If you're still sitting on the sidelines when it comes to what's going on with crypto and digital assets, I highly recommend that you start to actually investigate, you know, what is going on and how to get involved. And if you're at the point where you're ready to start taking those steps, I recently partnered up with a fullervice brokerage called Caleb and Brown, who is sponsor of this video. And I highly, highly, truly recommend that you sign up for an account with them at the link down below and get in touch with a broker over there. What makes Caleb and Brown so unique is that you can actually speak to someone when you're thinking about what to do in regards to this digital asset journey. It's it's a journey, right?

[00:13:08]It's a thing where you've got to learn, you got to educate yourself, and you've got to figure out exactly what decisions may make sense for you and so on. And Caleb and Brown is actually there to help you do that one- on-one. Real live human beings that care about you and what this journey looks like for you.

[00:13:24]You can find the link to sign up for a free account with Caleb Brown in the description of this video down below. If you have any extra questions about the service and how it works, my contact at Caleb and Brown, his name is Jim Bazani, and you can find his email in the description down below. Shoot him an email, say, "Hey, Keith sent me. I'd love to hear more about what you guys are doing." and Jim can hop on a call with you. Now, for those of you who have already been investing in crypto and are just thinking about ways to do this a little bit more effectively, I also recently partnered up with a company called iTrust Capital. And what makes iTrust Capital interesting is that you can actually put your crypto inside of your retirement accounts. And this is something that is extremely powerful because we're talking about assets that have the potential to be the highest returning asset of anything that you might own. I'm not saying that's what's going to happen. I'm just telling you what the data says around which assets grow the most over time, which for Bitcoin, you're talking about something near a 30% compounded annual growth rate. And with that means that the more of a return that you get on your assets, the more of a tax bill that you're going to see at the end of a capital gain. And so putting your crypto into retirement accounts can help you to shield that, right? So, you have a Roth IRA, for example, like what Peter Thiel put his PayPal shares in at the beginning of his journey with PayPal.

[00:14:48]Because he put his PayPal shares in a Roth IRA, he ended up with a $5 billion capital gain that is tax-free.

[00:14:59]All because he used this vehicle that was designed for us to take advantage of. You can find the link to create an account with ITR Capital also in the description of this video down below.

[00:15:10]And when you sign up and you fund your account with IT Capital, you will also get a $100 bonus over there. My contact at ITR Capital is Ryan Ranken and his email is also in the description of this video. So, if you have questions about how all this stuff works, it can be a little bit more intimidating. I understand. uh reach out to Ryan and he can help you get set up on the itrust capital platform and to help you understand exactly how these retirement accounts work. But anyways, what did I miss? What I get wrong or how could I be looking at this differently? Definitely let me know in the comments down below.

[00:15:47]I'm Keith D here to talk everything money marketers. And if you got anything from this at all whatsoever, be sure to hit that like button and subscribe. And until next time, peace.