🚨 48 HOURS: COINBASE URGES SENATE TO PASS *CLARITY ACT* THIS THURSDAY! 🚨 MASSIVE WEEK FOR XRP!

Added: 2026-05-12

[00:00:00]Massive update for American crypto investors. The White House just called for an emergency Clarity Act meeting in the Senate Banking Committee only 24 hours before the official vote. And during today's episode, we're going to be covering some of the probabilities that the Senate is able to pass the Clarity Act this Thursday. We're also going to be talking about what's happening on the XRP price chart as we're starting to witness some bullish momentum come back into the market. With the correlation being drawn to Amazon in the early 2000s, we're going to show the XRP community how double digits could be on the horizon in the calendar year of 2026.

[00:00:32]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 dive right into this content for today, but I would encourage every single one of our listeners to stick around until the end of the episode as we're going to show you a correlation between the Amazon and XRP price chart that I think thousands of people are simply unaware of. But we're going to get kicked off with the major progress we've seen on the Clarity Act thus far as the Senate deal was just reached on a major crypto bill before the Clarity Act markup. And this is huge as the law enforcement barrier has just been resolved earlier today. What's the issue here? law enforcement and AML enforcing their powers. The compromise would still allow prosecutors to bring AML charges against clearly culpable crypto actors. They're also going to be keeping the broader crypto framework alive, allowing this industry to thrive while having the correct rules and guidelines in place.

[00:01:28]And this is massive considering the current state of the Clarity Act where all of these key negotiating points are starting to get resolved behind the scenes. And that's why I wanted to play this brand new video from Brian Armstrong, who's explaining how the next 100 or 200 companies are ready to step into this space after the Clarity Act is signed into law. But if you believe we're going to get clarity in 2026, smash that like button and leave some of your thoughts underneath the video because we're about to break down the dramatic impact this will have on many of our favorite projects price charts.

[00:01:56]Here's the clip. when legislation comes out and gets signed into law, uh, from your perspective, what are the things that you expect to see over the next year in terms of who knew will be participating in the crypto ecosystem and what do you expect they will be doing?

[00:02:12]>> Yeah. Well, you're correct that the Clarity Act is about much more than just stable coins and rewards. I think as Paul mentioned, it it will create a lot of opportunities for people to work on tokenization, having clarity about what's a commodity versus a security uh exchanges and custodians, what their roles are. You know, DeFi has an important role to play here, self-custodial wallets. And so, there's going to be lots of energy that comes out of it. I think it's going to be a little bit like when the Genius Act passed we for stable coins and we saw a couple hundred large companies in the US come out in the subsequent months and announce integrations with stable coins and so this means that hopefully lots of companies post uh in a world postclarity being passed will come out and start to integrate crypto. They might uh use it to raise money on chain. Um they might use it to provide crypto services to their customers. I think it'll just unlock a lot of institutional capital that'll flow into the space broadly and the the opportunity is really there for Coinbase to go provide those services to all these companies coming into crypto post clarity being passed into law and actually power integrations for many of them as well via Coinbase developer platform. So we think it's going to be very additive. We want every company to be integrated into the crypto enabled financial system just like they use the internet or AI or any other technology.

[00:03:35]>> And so what Brian Armstrong is describing in this short clip is exactly how this industry is going to go from a $2.5 trillion market cap to eventually a 10 12 even 15 trillion market cap in the crypto space. We are going to see some of the largest traditional players on the planet, the likes of JP Morgan, Mastercard, Bank of America, even BlackRock, start integrating these blockchain products into their actual business models. And I think this brief clip is a great example of what we're going to hear from Brian Armstrong during the emergency meeting that is set to happen just 24 hours before the Clarity Act. So, here's the official breakdown what we just got earlier today. Coinbase officially backs the Clarity Act with the stand with crypto score to Senate vote on the Thursday markup. Now, Coinbase, after blocking this bill for several months, has taken the official position of now supporting the Clarity Act. Coinbase, backed with stand with crypto, has officially notified the Senate offices that it will score the Senate Banking Committee's Thursday markup vote. That means every senator's decision will be recorded and judged in front of millions of crypto users. And Stand with Crypto represents more than 2.9 million US advocates. And those advocates have contacted nearly 1.5 million times during this initial process. So there is massive interest from the American public as to what is happening with the Clarity Act today.

[00:04:51]And so Brian Armstrong is going to be speaking to many of these senators and representatives just 24 hours before they cast their vote on Thursday. So Coinbase CEO is officially speaking to the Senate GOP just 24 hours before the Clarity Act vote. Now, Coinbase CEO Brian Armstrong is set to speak directly at the Senate GOP steering lunch on Wednesday, just one day before the banking committee will be voting on the Clarity Act. And this is going to be extremely important because Brian Armstrong is one of the main reasons that the Clarity Act hasn't been signed into law thus far here inside the United States. There was massive support for this bill towards the end of 2025, but in early 2026, Coinbase removed their support and we saw dozens of senators do the same thing thereafter. Well, now with the largest contrarian now supporting the bill, this could be a major shift in momentum behind the scenes. And after months of stable coin fights, banking lobbying, enforcement negotiations, and final battles, Coinbase is finally pushing to get the Clarity Act across the finish line. And that's why I'm more certain than ever that this thing is ready to get done.

[00:05:52]This will not only benefit Republicans, this will also benefit Democrats as we head into this election cycle. The best thing that could happen for the American capital markets is many of these crypto projects have the great catch-up trade that we've been talking about. Now, you can define this as a super cycle. You can define this as institutional adoption. But the reality is that this market is in dramatically oversold territory. And eventually, when this new demand that Brian Armstrong was just talking about enters the market, we are going to see huge and massive momentum on many of our favorite price charts.

[00:06:21]And that's where I want to draw reference to the XRP verse Amazon correlation as the same multi-year XRP higher low trend line was just rejected by the Amazon before its violent repricing. One final XRP retest of this trend line would complete a similar switch in 2026 to mimic the same technical structure that we saw for Amazon in the early 2000s. If you know the price tag solely based on the value here, you can tell there is major momentum for XRP sitting in front of us.

[00:06:52]And this is another post that was put out by Austin XRPPL who predicted XRP will move like Amazon over the next decade up and to the right. And where is all this new demand going to come from?

[00:07:02]It is going to come from the traditional players that are yet to adopt blockchain products. and we could easily be looking at a double-digit XRP in a very short period of time just based on the trillions of dollars worth of demand that are sitting on the sidelines. Now, I know our community last week we covered a very important article talking about how companies like JP Morgan and Mastercard were working directly with Ripple. Well, we also have companies like Black Rockck, JP Morgan, and Morgan Stanley hiring for dozens of new crypto positions all throughout America. And this is a major signal, not only that these companies are going to be adopting blockchain products, but possibly a signal that they know the Clarity Act will be getting across the finish line and there is going to be a massive demand for this new asset class. But if you guys are having fun and you enjoy this content, smash that like button and leave some of your thoughts underneath the video. Now, when we're looking at some of the polyarket odds today, there are 74% odds that the Clarity Act is signed into law in 2026. This is dramatically above where we were just a few weeks ago. Up from 46% in the beginning of May, now sitting at 74% odds at the time of this recording. Now, the biggest thing that we need to see is this Thursday, the Senate Banking Committee markup and vote and get this bill through the Senate. Thereafter, we could have a full Senate debate and vote in late June and eventually getting this on President Trump's desk by early July.

[00:08:18]Now, if it doesn't get done in that time frame, technically we have until the first week of August for President Trump to sign this bill before Congress then leaves on recess. And my anticipation is that with all of this major momentum and all of this pent-up demand sitting in the background when President Trump finally signs this bill, we are going to see the next trillion, two half, even five trillion move from traditional asset classes and into the digital asset space. And so with that being said, I wanted to play a phenomenal update that was put out by Wendy O earlier this morning, who's explaining exactly what's happening behind the scenes between the banking cartel and the crypto industry.

[00:08:53]Here's the clip. We're at a very critical time when it comes to crypto market structure clarity. And the reason why is is because we're supposed to get this done by Thursday. Okay? We're supposed to have majority of it done.

[00:09:02]The SEC wants it to go to the president's desk. Everybody's over it.

[00:09:05]They want it done. But guess what? The banks have stepped in yet again this Sunday, Mother's Day out of all times.

[00:09:11]And they're like, "We don't want to give any type of rewards on stable coins."

[00:09:15]Absolutely nothing. And this directly undermines the entire purpose of Bitcoin and crypto. You to be able to do what you want to do with your money, what you want to 247, 365, and not have to worry about the predatory practices of the banks OR A THIRD PARTY TELLING YOU NO.

[00:09:29]SO ALLEGEDLY, crypto firms are kind of fighting back hard on this, which again, I understand it impacts their bottom line. I don't have an issue with it because it benefits retail as well. This is called compromise, and this is what people do in politics. This is all also what mature adults do. The American Bankers Association CEO Rob Nichols sent the following letter to every other bank and CEO in the country asking for bankers for immediate engagement on stable coin yield policy. Like isn't there something else that they can be focusing on? It's not a big deal. There was a compromise to where yield on idol stable coins was no, but action items, yes. Just basically like credit card rewards you get for spending because of course you got to spend or you have bad credit. Anyways, basically he just wants this all to be blocked and he wants the banks to chime in and be like, "We need to block it because it's dangerous, it's bad, it's going to impact our deposits," blah blah blah, which all the reports that came out were in direct contradiction of that. Now, Patrick W kind of like clapped back at him during this whole entire thing and said that they refused to attend to the White House and they they refused to attend for a reason. But really, at the end of the day, when you think about it, the banks have owned politicians. They've owned all these unelected bureaucrats for so long. So, why would they need to meet with the White House any way, shape, or form? They're just doing what they've always done, taking advantage of everyone, especially American taxpayers.

[00:10:37]And lastly, the president and CEO of the American Bankers Association and the voice of the nation's $25.3 trillion banking industry. They're the ones that are fighting against your right to do what you want to do with your money.

[00:10:48]Think about it.

[00:10:48]>> And Wendy makes some phenomenal points in that video, but the most important thing to understand is that Coinbase for a long time was pushing against the passing of this bill. Now, they've come out and vehemently supported it. And this is the breaking news that we're covering today as well as an emergency bipartisan meeting was just called yesterday holding an urgent private meeting on the Clarity Act which will start tomorrow morning. And the entire purpose here is to discuss the latest crypto market structure bill and figure out what is the current state of the bill. Now why is this interesting?

[00:11:18]Because right now we are seeing banks publicly lobbying against regulating the digital asset industry. And Mr. Bill put out on Twitter, ask yourself why would banks oppose the Clarity Act? There's a simple answer here. Your bank pays you pennies for your savings. They in turn take your savings and loan them out for 10x more than what they so graciously give you in return. And banks don't want that grift to end. And that's what Coinbase is really calling them out on here. As one of their lead executives put out a very powerful statement pointing out the hypocrisy of the banking argument against not passing the Clarity Act. He stated the banking trade lobby's arguments against the stable coins have lost all credibility. So let's recap. The supposed defa deposit flight was widely overstated. The fully reserved stable coins are plainly not the same as fractional reserve lending.

[00:12:03]The claims that stable coins will destabilize the banking system ignore both their design and the safeguards built into the Genius Act. And complaints about loopholes and genius are especially hard to take seriously from parties that were directly involved in negotiating that final language last summer and then went on to boycott the reward talks within the Clarity Act. The ABA bankers letter ultimately says the quiet part out loud. This is about limiting competition and preserving the incumbent's control over payments. And that's not the only powerful statement.

[00:12:33]As Coinbase CLLO just fired back at the banking committee as well, stating you k you killed idle yield. It's time to move on. The CEO demanded immediate engagement from the banking CEOs before Thursday's Clarity Act markup. He's basically saying, "You already got what you wanted. It's time to back down." The White House meeting already happened and the industry already negotiated and Idle Yield was already killed as the compromise. The banks were not even in the room, but Coinbase was during that process. And now Coinbase is telling the ABA to stop dragging the Senate back into the same fight right before the markup. Take yes for an answer and move on. And so here's what I clearly think is happening before our very eyes. We are witnessing the largest banks in America throw a lastditch effort here to prevent the Clarity Act from getting across the finish line. Now, I think in the end, the banks also need the Clarity Act to be approved here inside the United States because of the genius negotiations that were agreed upon last summer. Companies like Coinbase and Kraken, they can currently offer a stable coin yield. If the banks get the Genius Act signed into law, that won't be the case thus further. So although it looks like there's a last final push here, my belief is the Clarity Act will get across the finish line and that will be the main driver for the next trillion dollars entering the crypto space. If you enjoyed this content, smash that like button, subscribe to the channel, and we'll see you all in the next one.

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