ELIZABETH WARREN JUST MADE XRP ILLEGAL!??!?!

Added: 2026-05-31

[00:00:00]The XRP community once again is under attack by Senator Elizabeth Warren as she says Ripple's OC National Trust Bank Charter is illegal. I also uncovered some other reasons that Elizabeth Warren is most likely doing this. But what is this going to do to affect XRP holders?

[00:00:17]Right? We're waiting for Ripple to get that OC charter so they can plug into Fed Now, Fed Wire and the federal payment systems, right? That could mean 5 to 7 trillion a day. We could get 5 10% of that. that could really explode volumes on the XRP ledger, right? We really want to get these additional connections so we're connected globally to the most important payment systems in the world. Let me go through the information that I found. I did uncover a bunch of stuff that you need to hear and see. And this is not the first attack. This is one of many attacks that have been happening over the last few weeks. I'll talk to you more about those two, but let's get to the newest stuff first. So, Elizabeth Warren just called Ripple's OC National Trust Bank Charter illegal. She sent a letter demanding the OC hand over full records by June 1st or face escalating congressional oversight.

[00:01:01]The crypto industry is already pushing back hard. Drama is loading in here on six of the document. And then it says Elizabeth Warren. That's how you know it's from her. provide copies of any and all communications, including but not limited to emails, text messages, meeting summaries, and transcripts of summaries between OC officials and the following entities regarding the National Trust Bank charters, including applications and subsequent approvals of Ripple National Trust Bank. And she goes after the other ones as well, but I got a little bit more information I want to show you there. So, Elizabeth Warren is trying to pressure the OC to justify Ripple's National Trust Bank charter and possibly build a case that it was approved unlawfully. In practice, she's demanding the full records behind the approval, legal analysis, and whether Ripple's planned activities fit the National Bank Act and any communications tied to this decision. What she's targeting, Warren's letter focuses on nine crypto firms, including Ripple, Coinbase, Paxos, Fidelity, Bitco, and others, and argues that they may be using trust charters to act like banks without the usual safeguards. See, she specifically questions whether activities like stablecoin issuance, trading, lending, custody, and staking are actually allowed for a national trust bank company. What she wants from the OC, she asked the OC for a full chart, the full charter applications, internal legal memos, and records showing how the agency interpreted the Genius Act and the National Bank Act.

[00:02:19]She also wants communications involving President Trump and his family and the White House officials. That is really what she's after. She wants to see if she can catch President Trump red-handed in anything illegal. It might not have to do with Ripple. It might not have to do with XRP, but we can take a look at the past and say, "Sure looks like that, right? If it walks like a duck, it quacks like a duck, that's a duck, right? And we are a little frustrated with this because all we do is they say, "Play by the rules. Go fill out the applications. Go do this and and submit the documents and we'll look through it and if if it's right, if we think you would be a good addition here, we'll issue the charter." Right? So, you follow all of the laws, you fill out all the documents, you do everything that you can, you wait the years that you need to wait, you do it legally, and then they come after you anyways, right?

[00:03:06]Isn't there something better we could be doing? Isn't like everybody breaking the prediction market laws and stealing millions of people from people. Every day I wake up, there's a new story about prediction. Like, why aren't you going after those companies? Why are you targeting Ripple once again? It's frustrating and it's getting a little old if you ask me. What this means for Ripple? Ripple. For Ripple, this is less about an immediate shutdown and more about oversight pressure. Warren is trying to create scrutiny around whether Ripple's trust bank structurally is legally sound and whether the OC overstep. The likely goal is to slow down, complicate, or potentially challenge the charter approval process rather than directly ban Ripple outright. And then Brad Garlinghouse says, "The anti-crypto army was defeated by the courts, by the voters, and by Trump. It never made policy, legal, or political sense. Combating financial innovation only helped protect those wanted to keep it old, often broken, and the system in place. Which means, I believe people like Elizabeth Warren are purposely throwing wrenches in the gears here because she wants to keep things status quo for her buddies and her banker friends. She does not want Americans to be able to send money for cheaper. She doesn't want Americans to have all of these new technological upgrades that we're going to be able to use to send money to a friend or family member for such a reduced cost, right?

[00:04:24]To be able to tokenize stocks and to just compete with other countries, right? We're supposed to be a leader here, yet we're trying to follow other countries that have already gotten their things together because banks want to keep its status quo. No, we're not going to take that line down. We need to step up, write the letters, call her office, demand she stop, right? Call your own own senators. Bring up what Elizabeth Warren is doing. Say that you are you don't like it that you she shouldn't be attacking crypto companies, especially the ones that are the leaders in the space. I mean, you're attacking Coinbase. You're attacking Ripple.

[00:04:55]You're attacking Bitco. I mean, I think we've gone too far here. There's a lot of bad actors you can go spend time on, but you want to spend time on all the best ones. Mm-m. Trump says Gary Gensler and the anti-crypto army nearly destroyed the American crypto industry by driving Bitcoin, crypto perpetuals, and innovation offshore. But Trump saved it. America is now the crypto capital of the world and builders and entrepreneurs are coming back to the United States where they belong. Under my leadership, we will codify a future proof digital asset market structure that cannot be undone by the crypto haters. The new frontier of finance is being built in America and Trump will never let crypto down. All right. Well, crypto crypto prices are down. It's okay. Crypto prices haven't been this low in a few years. So, we would love to see when prices will kick in and when the market will come back, but sometimes that's out of our hands. But if you get clarity done, you are the crypto president. If you don't get clarity done, it is going to be ugly. After midterms, it it'll be real ugly. The digital chamber urges the OC to defend its crypto trust bank charter approvals for firms, including Coinbase, Circle, Ripple, and Bit Go pushing back on Senator Warren's claims that the approvals violate banking law.

[00:05:59]So, we do have other companies and other associations now going to bat to try to combat Elizabeth Warren. And we probably have some of the smartest litigators and lawyers that money can buy, right? And people like Stuart Alderati and his team will probably be taking this up and seeing what we can do. Charles Son did have something to say here. When I say the Clarity Act is crucial for us and people come back to me with replies like we have clarity. Yeah. Yeah. Yeah. Look, go read Zaf's post. If you don't get it, read it again until you actually understand. There will always be Gary Gendler version two and warns Ripple already has more than enough enemies. We need the Clarity Act. I've already laid out other reasons for this. This is simple. Everything the SEC and the CFTC did over the last year and a half to to make crypto lining crypto up to be the crypto capital of the world that can be undone in a heartbeat. In a heartbeat in a few days that can be undone by the next administration if they don't like crypto. The only way you codify this, the only way you're going to get XRP being used on a massive scale and infrastructure in the United States is you have to have uh clear rules of the road, regulations, what is legal, what isn't, and boom, there you go. That's how you get it. Now, here's Elizabeth Warren's last attack. This was just a few weeks ago, and of course, this is Paul Baron covering it. Look at this first tweet right here. And what I'm showing is Senator Elizabeth Warren questioned the OC approvals. All right.

[00:07:07]Okay, that's normal. She questions everything when it comes to protecting banks. But this was really tied to the crypto banks, Coinbase. You'll notice the names here. Coinbase, Ripple, and Paxos. Okay, that's interesting. But in the letter, if you click over and go to the letter she sent, it says, "Please provide the full applications, including confidential exhibits." She goes through the nine that were approved. And who does she put first? Ripple National Trust. This is not in alphabetical order there. In fact, there's no alphabetical order here at all. She puts Ripple number one front and center. She is clearly attacking Ripple. And this is the thing I'm getting at. This is the concern right now cuz there's a lot that is going on behind the scenes around not only negotiations of what's going on with Clarity, but I think now to protect the banks even further, what's going on with the OC. So, to kind of capstone this, let's go to a clip. This is Perion Boring. Um, and she has a very interesting take on the banks. Take a look.

[00:07:53]>> What is your take on the the Clarity Act and and and where this goes? Do you believe that if in fact the crypto platforms do ultimately have the right to pay rewards, people will take money out of their traditional bank accounts and put them in crypto platforms?

[00:08:06]>> Well, I mean, we're not seeing that right now. You can get yield on digital asset deposits at all sorts of companies in the US today. These are regulated businesses. So, the reality doesn't match up with the talking points that are being used to slow down the bill. I really call this stage of digital asset adoption as the mask off phase. The banks have taken their mask off and their gloves off and they've really come out very forward- facing against the bill and they really are the last standout in terms of the group organizations who have yet to adopt this technology. But it's coming. You can't hold back innovation. You can't put the toothpaste back in the tube. The technology is out there. It's going to strengthen the banking system. They're just being very slow and apprehensive.

[00:08:44]>> Let's be clear here. What the banks need here is more time. They understand that Americans want this technology. They understand that the technology is right about about to get passed into law and then they are on the back foot, right?

[00:08:57]They are trying to figure out how can we either build our own technology or we need to partner with companies like Ripple. So they're they're actively going to Congress and the associations are saying that we're going to need help with this. We're going to need to go to the Bitos and the Ripples and the Coinbase and the Upholds of the world because we're going to need on and off ramps. We're going to need infrastructure because this would take us years to build out ourselves, right?

[00:09:18]this would take tens of millions of dollars and teams of people and audits and sandboxes and you name it, right?

[00:09:24]We've gone through how long this takes.

[00:09:25]It's not a quick quick experience to build out your own infrastructure. So, banks are at a point here where they feel that they need as much time as they can in order to get all of these pieces in place because if they don't, if they're not ready and it passes, they're going to get smoked and left behind by the banks that are prepared. So, some banks are like, "Bring it on." While others are like, "Oh, snap. We need to stall, stall, stall, stall, stall there.

[00:09:49]Enter Elizabeth Warren and some of her cronies. And that's what you're seeing right now.

[00:09:52]>> Too often.

[00:09:55]>> All right. [music] Love that. Love that. Love that. And then also, President Trump did try to counter some of this. This was last week. Two massive executive orders signed by Trump today on fintech and digital assets. One, integrating fintech and digital assets into traditional finance. This order directs federal regulators to review and streamline rules to foster innovation and competition between fintech firms, cryptocurrency companies, and traditional banks. It mandates that agencies identify outdated guidelines and create measures to integrate digital assets and innovate technologies into the traditional payment systems. Also expanding payment access and tightening financial oversight. This order directs the Federal Reserve to evaluate how non-bank financial firms and uninsured depository institutions such as crypto companies are granted access to its wholesale payment system and accounts, often called master accounts.

[00:10:46]Additionally, it tasks the Treasury with updating bank secrecy act and customer identification regulations to prevent the exploitation by criminal networks and to guide financial institutions on serving undocumented individuals without overburdening banks. So, Trump, I think, is trying to do what he can to fight back against Elizabeth Warren here. You guys let me know what you feel about all this. I need your support on this content, too. Guys, if you made it this far, you probably watch all of my videos, all my content. Hit like, leave a comment below. YouTube hasn't been recommending as much crypto content lately, and you can really help that.

[00:11:21]And I just greatly appreciate you. Thank you so much for all always supporting this channel. Uh, I did want to show you this. Ripple files letter to SEC to officially treat XRP like Bitcoin ETH, plus 0% haircut collateral status to RLUSD. Ripple just filed a massive letter to the SEC crypto task force, officially asking regulators to modernize crypto rules for the institutional error. Ripple wants the SEC gov to treat XRP the same like Bitcoin and ETH recognize RLUSD as a top tier collateral. Reduce RLUSD reserve haircuts from 2% to 0% and make blockchain registers the official legal ownership record for tokenized assets.

[00:11:57]Ripple specifically wants XRP classified as readily marketable digital asset alongside Bitcoin and ETH. It only makes sense. Here is the letter. It is extensive. Uh it is several pages. I just want to show you here. We're not going to go through each piece. If you guys want to see me do a whole video on the letter, please let me know down below and I will work on that for you.

[00:12:16]Mastercard secures New York bit license clearing the way for payments giant to operate digital asset and stable coin infrastructure under one of the strictest crypto regulatory frameworks in US. And so this is actually could be bullish for Ripple and XRP. Listen closely. The short answer here I ask you know will this allow Mastercard to work more closely with Ripple and XRP? Short answer indirectly yes. It strengthens the rails for deeper collaboration, but it not does not by itself mean Mastercard is working with XRP. It mainly expands what Mastercard is legally allowed to do with digital assets and stable coins in New York. So, New York's bit license lets Mastercard operate digital asset stable coin infrastructure under the New York Department of Financial Services oversight, including custody transfers and certain settlement functions of crypto and tokenized value. This aligns with ma Mastercard's broader strategy to power stable coin and tokenization use cases of its network rather than become a speculative trading venue. Ripple is already a named participant in Mastercard's global crypto partner program which connects crypto projects to Mastercard's payment and settlement infrastructure. In 2025, Ripple, Mastercard, Web Bank, and Gemini announced a pilot using Ripple's RLUSD stablecoin on the XRP ledger to settle Gemini credit card transactions over Mastercard's network. And so a lot of partnerships and we did get that huge news that I was been covering over the last few days that the XRP ledger has introduced a new standard enabling stable swap and and concentrated liquidity curves on the XRP ledger decks. This upgrade significantly improves capital efficiency, delivers more stable pricing for stable coins, FX pairs, real world assets and other correlated assets while reducing slippage and enhancing overall liquidity depth. The key benefit here is greater capital efficiency for liquidity providers, tighter spreads and reduce impairment loss risk and then stronger foundation for institutional DeFi. Great applications. Guys, we are seeing a ton of news right now and I am up decently on my Stellar position. Been talking about Stellar here over the last few weeks. You if you were in the live stream on Tuesday, I was telling you I was buying Stellar right before the announcement. Good timing for the people that were there and listening. Good timing for the people that followed into that trade and good timing for people that have been into Stellar the whole time. It does look like we're going to be making some more stellar content as this collab pushes forward. Guys, thank you. Have a great weekend. Thank you for your support. It's always an honor. I hope you have a good day. Aloha.