A BIG rumor about XRP just came out!?

[00:00:00]Yo, what is up guys? XRP is at $19 right now in Coin Market Cap. Our first tweet comes from the crypto square. Coinbase co speaks. Coinbase CEO Brian Armstrong says the Clarity Act will be good for both American consumers and banks. It's time to move forward. Our next tweet comes from Zave Crypto. Big banks lobbying against Clarity Act to crush crypto competition. Coinbase CEO Brian Armstrong calls it out on Fox Business Bill's draft favors banks undermining Trump's pro- crypto push. Let's watch this video. got the Genius Act passed into law which actually did enable uh stable coin rewards to happen. Um you know the banks had their own concerns and we reached a good outcome in the Genius Act and now the banks really are coming and trying to undermine the president's crypto agenda. I mean these are the same banks that you know debanked his him and his family right and they want to come in and say that Americans should not be able to actually earn more money on their money. They're trying to protect their own profit margins, taking money out of the, you know, pockets of hardworking average Americans and putting it into the coffers of these big banks that are hitting record profits. And so our view is that there should be a level playing field where banks and crypto companies can lean into stable coin legislation as an opportunity and that includes paying rewards uh to Americans so that they can earn more money on their money.

[00:01:14]>> Smash the subscribe button and hit that like button if you believe XRP will reach $3 again this year. Our next tweet comes from the crypto squire. Rumor alert. Rumors suggest President Trump could sign the Clarity Act as early as next week. If true, it would mark a historic moment for XRP and crypto in the United States. Our next tweet comes from Zave Crypto. Sender Bill Hagerty on clarity. We will get it done because we have to get it done. The real question per Hagerty, can Congress navigate the political calendar to pass it sooner rather than later? Let's watch this video. It's >> done first. And I've heard the same thing about genius in terms of the the consequential nature of it, but it's done. again took a lot of work and and a great team to make that happen. Um, and with respect to clarity, Rebecca, we will get it done because we have to get it done. I just think that the question is, can we navigate the political climate right now? Can we navigate the political climate and and and calendar, I I think to be more specific in a way that gets it done sooner than later. I hope we can.

[00:02:08]>> That makes sense. Well, >> our next tweet comes from bank XRP.

[00:02:11]Justin, A16Z, head of government affairs, Colin McHune says the Clarity Act is not dead. expects a Senate vote in the near term, says a bipartisan group of senators and House members remain engaged with the White House aligned on priorities. Let's watch this video.

[00:02:26]>> Passed and and pushed this through. I'm really curious your thoughts on this. Is the bill sunk or do you think President Trump is going to be able to actually finally get this through Congress?

[00:02:34]What's your outdated updated outlook on the Clarity Act here?

[00:02:37]>> Well, first and foremost, the bill is not sunk. Um I I do believe that the Senate is going to move forward on a vote in the near future. um which I think is going to be a a big moment. Um but if I had a nickel for every time that I read a headline or someone else in the industry was telling me that the bill is dead, I think I would be a very um maybe not a rich man, but I would be wealthier than I am today. Uh it has died and been uh you know brought back to life it seems like a million times.

[00:03:06]So I I I will very firmly say the bill is not dead. Um I does that guarantee that the bill is 100% going to happen?

[00:03:15]There are no guarantees in Washington, period. Uh so uh I I do think though that we're in very strong position. I think there is a really really strong group of bipartisan members in the Senate and in the House. Um and certainly we know very well where the president stands on these issues and I think everyone is still at the table and everyone's working to try and wrap this up hopefully before the August recess in the next couple of weeks.

[00:03:37]>> Our next tweet comes from Ripple Ziti.

[00:03:39]Justin, Wall Street doubles down on XRP.

[00:03:41]Our next tweet comes from Z crypto. The path for the Clarity Act just got a lot clearer. Kristen Smith says the holdup isn't crypto, it's ethics language needed to win Democratic support. Trump is reportedly negotiating a compromise with the Democrats. If a deal is reached, the Senate could vote as early as next week. Let's watch this video.

[00:03:59]>> Thank you so much for being here. What are your thoughts on clarity and the ethics conversation underway right now?

[00:04:06]>> Well, good morning, Maria, and thank you for having me back. Um, I you know, I agree with Farard. ethics conversation is absolutely essential. This is a one of those tricky issues where it's really not the crypto industry's place to decide what that deal is, but I've met with members of Congress, uh, senators on both sides of the aisle, and especially for Democrats, they need to have some sort of ethics language in this bill in order to be able to vote for it. So, I give credit to President Trump for entertaining this uh concept.

[00:04:38]I know he had a meeting at the White House yesterday to discuss what this provision could look like. And I think, you know, this is a president who knows the art of the deal. If we can get uh the president and the Democrats to agree on this issue, I think that will break the log jam and we will be able to get uh the votes needed uh to get this bill through the Senate uh sometime next week or the following.

[00:05:01]>> Our next tweet comes from the Cryptos Square, a historic bill. Patrick Mckenry says, "The Clarity Act is the most significant technology bill since the Telecommunications Act of 1996, a defining moment for XRP and crypto in the United States." Our next tweet comes from CryptoBie. Big breaking. Republican Brian Steel announces, "I'm optimistic that we get this Declarity Act across the line next week. It's absolutely essential that the United States sets the gold standard for regulations in the digital asset space. Let's watch this video." All right, let me ask you about Senate Republicans meeting with President Trump yesterday, hoping to get his stamp of approval on the updated language for the Clarity Act. The House sent it to the the House sent it to the Senate a year ago. And Senator Cynthia Lumis was with me here this week, earlier in the week. Uh and she said that this bill will likely be brought to the floor in the next week, Congressman.

[00:05:51]A lot of people writing on this and business writing on this. Um you and other members of the Financial Services Committee are in New York to hold a field hearing on this bill. What can you tell us about the Clarity Act?

[00:06:01]>> This is our opportunity to put real and substantive legislation on the floor and provide regulatory clarity in the digital assets space. Again, this is an example of the House doing its job. We passed this now approximately a year ago. The Senate has been struggling to move this forward. I'm optimistic that we get this across the line next week in the United States Senate. It's absolutely essential that the United States sets the gold standard for regulations in the digital asset space that we unlock so much capital, human capital and financial capital that will come into these markets in the United States of America in a regulatory regime that protects consumers. Clarity does that. It's passed the House. It's time for the Senate to act.

[00:06:42]>> Well, I mean, the Senate is is wrangling with uh Democrats over the language on ethics, Congressman. You know that.

[00:06:49]Well, individuals that are concerned about the broader ethics reforms, and I think that there is a need to look at this actually should be supportive of the bill. If an individual is concerned about how memecoins were treated under President Biden's appointment of Gary Gensler, all the more reason to move forward clarity to put a regulatory structure in place to make sure that we're regulating good and bad actors.

[00:07:11]The good actors in the space want the bad actors to be regulated. We all want the bad actors out. The Clarity Act provides a regulatory environment to be able to do just that. And so the individuals uh that grandstand on the on the ethics side should be more supportive than anyone else about moving clarity across the line. Our next tweet comes from Ripple Ziti. Just in DTCC's multi-chain future just increased the odds of the XRP ledger. Our next tweet comes from Ripple XRP update. The Clarity Act would prevent any elected official from issuing or promoting a digital asset. Let's watch this video.

[00:07:44]>> Hey Carl. Well, yeah. Look, Senate leadership, they really want to have a vote on this rules of the road crypto bill in the next few weeks before they break for their August recess. Big question right now whether they're going to be able to get enough Democratic support to pass. And that is increasingly hinging on whether the bill is going to put in place some strict limits on the president's ability to profit from crypto. Now, Democrats, they've been pushing for this ethics language for months, but it's become even more pressing just in the last few weeks when President Trump's financial disclosures showed him making roughly 1.2 billion from cryptoreated ventures alone during his first year in office.

[00:08:21]Spoke yesterday with Senator Mark Warner. He supports the goals of the broader bill, but he said that it is critical for lawmakers to limit the ability for elected officials, including the president, to profit from crypto.

[00:08:34]president has made billions in his family off of this.

[00:08:38]We're going to suddenly go forward and say, you know, and elected officials can take advantage of that situation going forward. I think that would be pretty outrageous.

[00:08:47]>> Senator Bernie Moreno, who met with Trump yesterday on the bill, said it would prevent any elected official, including the president, from issuing or promoting a digital asset, although it would not apply that restriction to other members of the family, including, of course, Trump's family. Now, lawmakers are still negotiating over the language of the bill. An updated draft was expected this week, but has yet to be made public. And of course, guys, as we know, the devil's always in the details. So, we're keeping a close eye out for that to see how Democrats and industry respond and exactly what kind of vote we might expect later this month or in early August.

[00:09:21]>> Real quick, if this helped, press the like button. It tells YouTube to show this to people who want the truth, not hype. And press the subscribe button if you're done being sold the moon. I've already got your next one right here.

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