Clarity Act Fight is ON! Dimon 🥊 Armstrong | XRP Inflows v BTC ETH Outflows | SpaceX IPO | Anodos

Added: 2026-06-02

[00:00:07]What's up, everybody? Welcome back to the show Saturday evening. James Rule XRP, follow me on Twitter at allthemoney.

[00:00:14]I have some news for you.

[00:00:17]If you didn't see the previous video talking about FOMO, go back and watch it. Share it with your friends. Share it with all the newbies out there, people that you are introducing crypto to.

[00:00:27]I'm not a financial advisor. I'm a crypto teacher. We're going to go ahead and get into it. So, a member of the community sent this to me about an hour ago and you have to watch out for impostors. There's James Rule XRP impostors that are trying to contact you, trying to friend be friends with you so that they can try to steal your crypto. I'm the only one up here with the blue check mark, allthemoney, crypto teacher daily news, and everybody else out there is an impostor. They're trying to be me. They're stealing my photos. They're stealing my pictures.

[00:01:01]And I blocked this individual and I reported. If you would, please do the same. Okay, crypto numbers Saturday evening. Total market cap is up 0.7% to 2.57 trillion. Bitcoin's at 73,694.

[00:01:14]Ethereum's at $2,017.

[00:01:16]XRP number five position at $1 and 34 cents.

[00:01:23]Okay, I'm going to show you some clips.

[00:01:24]We're going to look at the pro Clarity Act and then we're going to look at a negative Clarity Act, a CEO of a company and you're you're going to know exactly who it is when I pull it up. So, right here you have Senator Tim Scott. The future of finance is it crypto versus banks? It's crypto and the banks. Have a listen.

[00:01:44]>> Well, they've been frankly, we have the greatest banking system in all of the world. So, we are incredibly thankful for the way that we've built our banking system. Competition coming into any space, it creates butterflies at the very least. And so, what we've been able to do is try to make sure that we're threading the needle between cryptocurrency, the future of finance, and traditional finance, as you call it, fiat finance, that we're looking at today. The good news from from my perspective, we're already seeing banks, Charles, get into the crypto business.

[00:02:15]And so, the future of this, 3 to 5 years from now, we'll say, >> Yeah. Yeah.

[00:02:20]>> attention were you talking about?

[00:02:21]They'll be gone.

[00:02:24]>> [snorts] >> And most of the banks are demanding it or most of the clients of the banks, the customers, you and I, are demanding that the banks get into blockchain, the banks get into crypto. I interviewed Paul with Uphold here a week or two ago, and he told me that major financial institutions are contacting Uphold to see how they do it.

[00:02:47]And it's happening.

[00:02:49]Even Cynthia Lummis is ready for it to happen. Americans or America built the dollar-dominated financial system that has anchored global stability for the century or for a century. The Clarity Act ensures we will build the next one. The time to act is now before Beijing decides it will. And I said, "Make it happen." She keeps putting, "Let's make this happen. Let's Well, we all need to make it happen. Contact your local representatives in your state." So, here we go. This is the S hit the fan today.

[00:03:19]JP Morgan CEO Jamie Dimon lashes out at the Clarity Act, said that make banks are going to fight it and Coinbase CEO Brian Armstrong is full of We'll fight it. If we lose, we lose. It will be fought. The bankers are mad that they're losing. Listen to this.

[00:03:36]Jamie Dimon having a fit.

[00:03:38]>> maybe an English wallet, and it goes to a third wallet, a fourth wallet, to the first one may be a legitimate, second one may be a sex trafficker. So, you know, this is complicated, and if the government is doing it thoughtfully, if they don't do it thoughtfully, it will be it'll be a huge problem.

[00:03:51]>> So, are you happy with the way the Clarity Act is turning out?

[00:03:54]>> No.

[00:03:55]No, because it it it it allows them to effectively pay interest on deposits, stable coins, or something like that without the protection that they should have. And it doesn't do anything for AML/BSA. It has almost no legal protections. So, no, it's a the banks will not accept it that way.

[00:04:10]>> They won't accept it.

[00:04:11]>> ABA, the small banks, the credit unions, not just the big guys. I'm not worried about stable coin, but if it happened, I'm telling you, I would have nothing to do with it and it would eventually blow up on its own. Okay? But that's my personal thing, but I do understand the concern of all the other banks. So, >> Well, the markup is coming. I mean, what are you going to do about it?

[00:04:28]>> We'll fight it. If we lose, we lose and we'll live.

[00:04:31]>> Okay.

[00:04:32]>> will be fought. This will not be No no one's no one's going to bow down to this guy, okay? Or that company. And by the only one and he's spending hundreds of millions of dollars on in Washington on this thing.

[00:04:42]>> He said he's he's representing the whole industry.

[00:04:44]>> He's full of >> Well, uh >> Wow. Okay, he said that on uh Fox Business. And you know, he said there's only one one company. Well, he is uh Jamie Dimon is full of Summer Mersinger with the Blockchain Association said, "The only one?

[00:05:03]Our over 100 Blockchain Association members along with builders, innovators, investors, and employers across America beg to differ. The future of finance won't be decided by one bank CEO angry that innovation is moving faster than the incumbent trying to control it. So, Jamie Dimon is full of crap.

[00:05:24]They are having a fit. They're [snorts] going to have to accept it because this act is going to clear.

[00:05:30]Carlo, I had to play this one for you.

[00:05:33]Because he said the banks are full of Listen to this clip right here.

[00:05:36]Jamie Dimon was on today with Maria Bartiromo of Fox Business and he was talking about how unhappy the banks are about the Clarity Act and the payment of rewards on stable coins and how he's going to continue to fight this thing tooth and nail.

[00:05:49]He closed the segment by saying that Coinbase's CEO Brian Armstrong is full of You know what, Jamie? You know who else is full of The banks.

[00:06:00]You all have been extracting from consumers at every turn with your toll booth economy and you're unhappy because now with stable coins you have competition. You don't want competition.

[00:06:10]That's why you're really fighting this tooth and nail because you enjoy having a monopoly on controlling how consumers move their money and charging them an arm and a leg to do so. So, guess what?

[00:06:21]If Brian Armstrong's full of the banks are full of too.

[00:06:25]>> [snorts] >> Yep, and I totally agree with him because, you know, the banks I've been dealing with for the past 40-something years have given me a measly small percentage based on what I kept at the bank. What I kept at the bank. I now have everything in my retirement account. I have a ton of stable coins drawing yield on an exchange. I have XRP back on using my card. So, the bank Yeah, I am a deposit flight and I have been a deposit flight from all of my banks that I was at for the past 5 or 6 years. The banks are loaning out your money. Your money does not stay in the bank. They take your money, they lend it out for high interest rates, they pay you a measly and that's the way the banking system works and that's the way they're always going to work. So, yeah, the banks are full of crap, too.

[00:07:10]Today's episode is sponsored by Caleb and Brown. If you want to keep your funds safe, if you want a free one-on-one broker, check out Caleb and Brown. It's free to sign up. You get a one-on-one broker. They can guide you through your investments with crypto and all kind of nice things. They have an app now where you can contact your broker 24/7 365. There's a free sign-up link below. Check it out and tell them James Rule XRP sent you by. Okay, here's the exciting news.

[00:07:40]And CoinDesk released this and whenever we put up with the SEC and Gary Gensler and Jay Clayton and all the bullcrap we put up with when the lawsuit was taking place, CoinDesk didn't give a flip about Ripple or XRP. Well, now all of a sudden XRP ETFs at 35 million as Bitcoin and ether funds lost 2 billion in late May. Hmm.

[00:08:04]You know, I'm not going to go through this article. I will leave a copy of it below. But as you can see right now, Bitcoin lost 1.7 billion, Ethereum lost 3.8 million and then XRP gained 35 million. People are starting to see that altcoins with use case utilities are the latest and greatest things. Just do not FOMO into it. Like I said, go back and watch the video from earlier this morning. Watch the video, share it, like it because when you like all of my videos, it helps out the algorithm for other individuals out there that are trying to research crypto and blockchain and XRP and all the above.

[00:08:45]CoinMarketCap, SpaceX is preparing for one of the biggest IPOs in history and crypto traders are already betting on it before shares even list.

[00:08:55]So, look out for SpaceX coming to a stock broker near you. When is SpaceX?

[00:09:01]When is Apple? When is Google? When are all these other stocks going to be tokenized?

[00:09:08]Only time will tell.

[00:09:10]Panos, Anodos. I talk about them all the time and yesterday it was announced that Solana is teaming up with Panos and Anodos. Well, the XRP community thinks that Anodos is leaving XRP. Kind of like XLM is teaming up with the DTCC. Oh my gosh, I'm going to sell all my XRP and buy XLM. Well, you do you, I'm going to do me. I'm not touching it. I bought a little bit of XLM. It's It's gone up a little bit. Hey, so be it. It's use case utility. Congratulations to Stellar. But right here, Anodos states that I think it needs to be pointed out once more. We are not leaving the XRP ledger. We have given so much of this ecosystem and we have built multiple products that will continue to operate. Number one, dex.anodos.finance.

[00:09:56]The first feature complete DeFi, which is decentralized finance platform on the XRPL, and the most user-friendly platform. We were the first to support the AMM, which is automated market makers.

[00:10:09]The first to add on and off-ramps and more [clears throat] all in one place.

[00:10:13]Number two, we're also the one only ones in the ecosystem that provide a testnet UI for the DEX, decentralized exchange, AMM, and tokens so that developers and users can experiment without friction.

[00:10:26]test.anodos.finance.

[00:10:29]We were the first and only ones to launch a passkey wallet with the fastest XRPL account creation, less than 10 seconds, and powered by Palisades.

[00:10:39]We built a plug-and-play developer sandbox to experiment with the XRP ledger, xrplsandbox.anodos.finance.

[00:10:47]We have been infrastructure contributors and UNL validator since 2024. We keep building.

[00:10:55]Anodos is running an XRP validator.

[00:10:59]And now they have teamed up with Solana.

[00:11:01]I have invested in Anodos. You do not have to be an accredited investor. I am a marketing agent for Anodos. Feel free to click on the link below. Invest if you want. It is legal. They went through the SEC to get their crowdfunding authorization done with Republic. Check it out below.

[00:11:23]Check it out below, people. Grab a piece. It's like grabbing Google. It's like grabbing Amazon before they really took off.

[00:11:31]And be sure to subscribe to the James Rule Crypto Show.

[00:11:36]I'll be creating content. I'll be having interviews. I'll be sounding a little bit better like I'm sounding right now.

[00:11:42]And have a wonderful weekend. Be safe.

[00:11:44]We'll see you on the flip side. Don't forget James Rule XRP is out of here and yeah, I told you so.