Banks In Panic The Clarity Act IT WILL PASS XRP Moonshot Incoming

Added: 2026-05-15

[00:00:00]Welcome back to the show, ladies and gentlemen. Check it out. The banks are panicking like never before. Oh my goodness. It's incredible. Over 8,000 letters submitted, over a hundred amendments submitted to the committee.

[00:00:15]They're doing everything they can do to stop this legislation from going through, but we won't let them because we got people saying that it's going to pass. And some of them are senators and you need to know about it. Not to mention that, but we're also going to take a look at Brian Armstrong from Coinbase who says that the Clarity Act will pass and then talks about every G20 country having stable coins on Ledger.

[00:00:40]Could it be the XRP ledger? Somebody roll that beautiful intro so we can find out.

[00:00:52]Digital Perspectives with Brad K. Come on in.

[00:01:02]Welcome back to the show, ladies and gentlemen. We got 2.73 trillion cryptocurrency market cap. The market is off point6 at the time of recording this. Bitcoin now dipping below 80,000 79,000 plus. Ethereum 2200 plus. XRP at the number five spot, slipping, losing the four spot. Now we're flat on the 24, but we're off by a half percent on the 7-day. All of this to be expected as we move into today, ladies and gentlemen.

[00:01:29]That's right. Today's the day. We got the markup vote today, ladies and gentlemen. That's exactly right. We're ranging between 141 and 147. But we got to go over all of the information that we've learned leading up to this vote.

[00:01:46]We know that Patrick J. Wit says things are looking good. Just take a listen really quickly here. So, when it comes to the current administration, what's the thinking when it comes to Bitcoin in terms of a strategic asset?

[00:01:58]>> Well, we uh we talked about it a little bit out in Las Vegas. Uh we will be making an announcement around the strategic Bitcoin reserve digital asset stockpile in the coming weeks. Um obviously, the president signed the executive order last year and that was really a starting gun for the agencies to go implement. Uh we've continued to work diligently. My deputy Harry Jung has done an incredible job of leading that inter agency uh effort in order to uh get this on solid footing and uh we'll be rolling out some announcements with that. But uh properly safeguarding these assets, making sure that the United States leads on on Bitcoin and other critical assets and starts to view these in the same way that that we would view gold or that we treat our own currency. It's pretty >> that's exactly how we talk about it here when it comes to strategic reserve or digital asset stockpile. Right. ally important for our national security. I think President Trump was really the first one to come along and say that economic security, a lot of the issues in that space are issues of national security. Um, one of the pillars that that underwrites American hegemony around the world in addition to our military and our judicial system is our place in global financial markets. And so these assets are the the new infrastructure, the new architecture of of the financial future. And we need to be leading on these and and thinking very very uh forward in terms of how we're approaching these assets.

[00:03:17]>> No question. And my thought to this is is that if we could be forward looking for strategic Bitcoin reserve and digital asset stockpiles and these things being said just the way we're talking about them here on this channel, these digital assets are like rare minerals. These are like oil and gold.

[00:03:33]We will need to see governments collect these assets into a reserve and a stockpile just like those things. And if that's the case, then this Clarity Act is extremely important that it pass. And it tells me that the White House believes that it will pass to be forwardlooking beyond that legislation, the Clarity Act, into the reserves conversation in the stockpile conversation. So with that, let's move now as another sabotage attempt by, you guessed it, the banks and the anti-crypto general, Senator Elizabeth Warren. Remember in November, vote her out, ladies and gentlemen, and everybody in her army. Senate Minority Leader Chuck Schumer says Democrats want a good crypto bill to pass, but adding that some members are not there yet. Yeah, like Senator Elizabeth Warren, right?

[00:04:24]like Senator Chris Van Holland here in Maryland. Vote him out, too. Then we had Coinbase's CEO, Brian Armstrong, who postponed the bill twice previously, now on board to get it done, is now going and making his rounds on Capitol Hill today, yesterday, and I would imagine he's probably there this morning, but yesterday making that rounds, making those rounds to shore up those votes to ensure that we get it. and we need it.

[00:04:55]And I tell you, no one knows it better than Mike Celig from the CFTC. Take a listen to this.

[00:05:02]>> It's really critical that we create a space for Bitcoin and crypto assets to flourish here and a space that's future proof, right? A space that we can't have government coming in and seizing people's crypto assets and Bitcoin. This country was founded on the premise of private property and really all of our rights are derived from the right to own our own stuff to to take the fruits of our labor and and work hard here in in America. So I think it's really critical that we set in place clear uh regulations and clear statutory protections for software developers for people who hold their own crypto assets for holding assets through self-custody or using a custodial wallet um exchanging your assets and all of that.

[00:05:44]And that's what this administration's really focused on. It's >> and that's what we should be focused on getting that legislation. But again, Senator Elizabeth Warren and her anti-crypto army, this is what they've done. The banking group members have flooded the Senate offices with over 8,000 letters since last Friday urging lawmakers to fix the stable coin yield compromise. To no compromise is what they want, right? Well, this is a giant poo party from the anti-crypto general army and the banks included. Let's uh let's use fair shake super PAC money to vote her out and anyone else.

[00:06:25]Absolutely. Shout out to Top Grandpa there. Got to meet him at XRP Las Vegas.

[00:06:30]And then there's clear evidence that Senator Elizabeth Waring is fighting for the banks and not everyday Americans in her state of Massachusetts or anywhere else. Having access to crypto and stable coins gives lower income families and the underprivileged more access to the financial system.

[00:06:50]Senator Elizabeth Warren doesn't want financial freedom for any of us because she is supporting the banks. This is evidence of it right here. 40 submissions to try to stop crypto industry companies from getting from getting a banking or a a Fed master account.

[00:07:14]This is what she's doing with her time.

[00:07:17]Look, this is why you got to connect to Congress. If you just go to crypto-law.

[00:07:24]us crypto-law.

[00:07:28]us and then click connect to Congress.

[00:07:32]You can then put in and find out exactly where they are and submit your message to let them know you want it passed.

[00:07:40]It's not too late. Listen, every phone call is equal to 10,000 constituents to a congressional member. I was told that by a congressional member. So with that understanding, if we can get everyone from this video to call alone, we will have outmatched what the messages and the letters were to Congress from the banks. That's what we have to do. Look, it makes a difference. It really does.

[00:08:05]And so does this because look at this right here. Senator Kennedy who said he was on the fence whether he could vote for the Clarity Act, excuse me, Senator Kennedy has come forward and now says he will vote for the crypto market structure bill today in the banking committee, meaning it will get out of committee regardless of what Dems do.

[00:08:31]However, you and I both know we got to have bipartisan. So, we're gonna have to have a couple Dems in there that get this thing through. And it doesn't matter if they can get it out of committee with just Republicans. That's fine. But we got to have this pass with 60 votes on the Senate floor ultimately.

[00:08:50]So, this is a strong sign. As Chad Steinraber says here, 99% 99% a done deal of getting out of committee today. Uh going through every single amendment is going to be tedious.

[00:09:04]And I believe it's on purpose. That is exactly how I believe it. It is to stall and try to stop this from happening. It is absolutely dirty poker here. And it doesn't surprise me because Elizabeth Warren is behind it. Right. The next big steps the Senate floor if we get that vote passed and that's what we need.

[00:09:23]Brad Garlinghouse, CEO of Ripple says the Senate Banking Committee is putting in the work as it moves the Clarity Act forward. Incredible leadership. Millions of Americans are already in this market.

[00:09:36]Ripple stands behind this bill because they deserve the same rules and protections as every other asset class.

[00:09:43]If the largest economy in the world is going to lead on crypto, and it must, this is the moment. Let's get it done.

[00:09:51]Absolutely right. This is celebrating Senator Tim Scott, who is also calling for the passage of the Clarity Act as well. So, we are really fingers crossed that we have a great turnout in the vote on that later today and we will follow all of that for all of you. The bill is strong, says Brian Armstrong again making his rounds. Let's hear from him yesterday.

[00:10:13]>> So, we Hey everyone, Brian Armstrong here. I'm back in the Senate office building in DC in anticipation of crypto market structure legislation going to markup on Thursday, which would be a historic moment and the energy here is is just palpable. So, first off, just want to say a big thank you to the Senate and of course their staff who have been putting in countless hours to get this bill to a good place. I don't think it's ever been in a more strong position and more bipartisan position.

[00:10:39]And I also want to thank the 3.7 million stand with crypto advocates who have made their voices heard to get this legislation to where it is today. Now, there were a number of open issues that have now made incredible progress. Um, stablecoin rewards was a big one. You know, I think there was a healthy compromise there brokered by Senators Tillis and also Brooks. And you know, it was a good compromise because both sides left a little bit unhappy, but at least we got to a place that we can all live with. And then of course the other issues which I mentioned in my expost back in January that were problematic in the prior draft. Things like DeFi and tokenized equities and CFTC authority.

[00:11:13]These have all been improved and fixed from our point of view. And so the bill is stronger than ever. It's bipartisan.

[00:11:20]Uh it's ready to go to markup. And I'm incredibly bullish on what this could mean for American innovation and ordinary Americans benefiting from this technology. So, >> exactly. And Elizabeth Warren doesn't want any of it. But here is an interesting conversation that goes on. I trust Capital, ladies and gentlemen. Not only do they have the best IAS, physical crypto, and gold and silver, but let me tell you what else they just brought.

[00:11:45]They're bringing stocks, baby. Yeah. So, not only can you get all these different accounts that are suited for anybody and all your needs, but now they're going to be bringing the ability for you to also buy equities. I tell you, they just don't stop over at iTrust. And you can find out, too. Click the link, the first link under any one of our videos and get started today. iTrust capital.com/go/xrparming.

[00:12:09]Once we get beyond getting the Clarity Act passed, ladies and gentlemen, which is very close to happening, we should get hopefully we get that vote later today and then we're out of committee, then we get the floor vote, get that done, and then this thing signed by July 4th by the president, president of the United States. Would love that because when we do, take a listen to what Brian Armstrong says about that kind of clarity. Um, you know, I think the you touched on regulatory. That's been another major barrier that actually you asked like what were some of the things I got wrong. I didn't anticipate when I wrote that in 2016 about just how big of a barrier regulatory clarity would be. I mean it it actually the lack of clarity got weaponized against the industry in many countries not just in the US actually. And so we've been a big adv advocate for getting regulatory clarity which I think once the US and you know passes uh hopefully the clarity act and Europe already has the ma legislation. I think you'll see the rest of the G20 just one by one every every year or two like the next one will come down with their own uh similar legislation uh modeled after the US and the EU that that's just kind of how most legislation works and the >> Yeah. Yeah. Let's just hear that again.

[00:13:21]>> One will come down with their own similar leg. I think you'll see the rest of the G20 just one by one every every year or two like the next one will come down with their own similar legislation uh modeled after the US and the EU. That that's just kind of how most legislation works in the world outside of China maybe. Um and so yeah, I think that we're on a path to get there and it I you know naively I think 10 years ago I would have said um this could all happen within five years, right? And it turns out that things take a lot longer to change in the world than you would think. Like there's still people who write their rent check with like a paper check in the United States, right? So anyway, we always are going to keep pushing on this. It makes what's what makes our mission timeless. It what's makes our work fulfilling even when we have ups and downs. And so um yeah, we're very passionate about getting it to be a billion people accessing this open financial system. Yeah, we're excited about it too, Brian. Especially once we get that Clarity Act to line up with MA and then uh doesn't that sound a lot like what we've been talking about here on this channel? Every G20 nation will have real USD and their own currencies on the XRP ledger. Uh-huh.

[00:14:33]And now Brian Armstrong is suggesting the same thing. That's what we're hearing. the Mika legislation. I think you'll see the rest of the G20 just one by one every every year or two like the next one will come down with their own similar legislation uh modeled after the US and the EU that that's >> and will it be every year or every year or two or every month or so like stuff was saying down here? You know, it's hard to say how quick this will happen or how slow it could happen, right? But I would start to believe at some point that it would have to be an exponential kind of uh onboarding because other countries are going to get left behind in a very very quick fashion if they don't. So it'll be exciting to see just how fast this comes along. But isn't it exciting just to know that Brian Armstrong thinks exactly what we've been talking about here for a very long time?

[00:15:24]Whether it comes fast or slow, we're all pointed in the right direction.

[00:15:30]And this is too. How about this clip here? Oh, I played this. I played this yesterday.

[00:15:37]Remember this Christian Carlo talking about XRP being the ledger where they issue securities on, you know, like the DTC's 114 trillion. And if you were going to have the G20 nations on ledger at some point, like Brian Armstrong says, aren't you going to need the world's assets tokenized so you can have access to the world's liquidity and deepest liquidity like capital markets like the DTCC's 3.7 quadrillion?

[00:16:10]>> Willing to share what were some of those characteristics that underscored XRP not a security in your mind's eye? Well, there was a number of characteristics, but one is, >> let me actually cue this up because I want you to hear the second half of this, which is right here.

[00:16:29]Take a listen. And this is Christian Carlo in the first half talks about XRP used for security issuance on Ledger.

[00:16:37]And then this part lines up with what we've talked about with the G20 nations, Brian Armstrong, and us talking about everybody having their own stable coins on leisure >> earlier this week. Uh, step one was the Genius Act, step two is clarity. What do you think? What type of impact will regulations make for market participants like a Ripple who issues ROUSD, a compliant stable coin? As I said on the stage here at at XRP Las Vegas, um uh I believe that stable coins are going to be propel the dollar to be the reference currency of the future. And yet those stable coins themselves need to trade on digital need to move on digital rails.

[00:17:16]And so XRP because of its ability to move capital to move um value across the metaverse can be very much one of those rails on which stable coins and I fully expect it will be.

[00:17:30]>> Yeah.

[00:17:30]>> And I fully expect it will be. So it's not just issuing securities on the DTCC.

[00:17:36]Let's go back and just grab that if we could >> to share what were some of those characteristics that underscored XRP not a security work. XRP is is is a digital network that allows for financial money transfer. It has all the hallmarks of a utility token, not a securities token.

[00:17:55]And the SEC now has fortunately for all of our sakes come out with a tokconomy, basically a a a framework for what's a digital security, what's not. And sure enough, it has determined that XRP is not a security. It could be a mechanism of issuing a security. Okay? Because it's a tool. It's a token. It's a it's a tool used for different networks and you can issue securities on it. But that doesn't make it a security itself.

[00:18:21]Right? If if if I if you buy securities for me and uh or let's say I'm I'm issuing securities and I do it through the wires that the wires don't suddenly become securities. The security is the security that XRP itself is not a security. It may be used for security issuance but itself is not a security.

[00:18:39]>> Oh, wonderful. Last time I interviewed you, we were talking about >> There you have it right there. So, we're talking about the deepest liquid markets, the DTCC.

[00:18:49]What else are we talking about? We're talking about stable coins, the G20. I mean, it's not just us. Brian Armstrong's saying this, too. So, I don't care if it takes a year or two or whatever for each one to listen, they're doing it. When's the last time you've been involved in something and you absolutely had clarity that things were going down right now? The question is is will G20 be captured on the XRP ledger with all of their their money? I mean, why wouldn't it be? It's a layer one with a built-in DEX.

[00:19:22]What's the other option? Look, I'm not saying it's not going to be a multi-chain world. It absolutely is going to be a multi-chain world. I'm just suggesting that the XRP ledger, as Christian Carlos says, is suited for the issuance of securities. It's suited for the issuance of stable coins and settlement and clearing of all these things. Why wouldn't we? It's the one with the highest level of transparency, compliance, right? Security, the rest of it. We're just waiting for the things we need, which start today hopefully in the passage of that clarity act. And if we get it and we get the national bank charter and we get the Fed master account that Senator Elizabeth Warren is right now trying to stop from happening, if we get all of those things, will $8, $13, $27, hundred plus dollars for XRP become a very real conversation? And that's going to depend on the level of adoption and the rate of it. And until then, I got to be honest, I'm super excited about all of it. So, look, when it comes to this, I just want to say to you guys, look, I appreciate you guys tuning in. What an incredible day we have in front of us. I'm going to be watching this thing as closely as everybody else can. If you can't, trust me, I'm watching it for you. I will get all of the details and information. So, hopefully we are celebrating very soon about the passage of the Clarity Act out of committee. And until then, please hit the like and subscribe for me. Uh, it really does help the channel. And uh by the way, you notice we've changed made some changes here. You can join us in the DPMG if you want as well. Look, I know your lives are busy and the markets are changing fast and whether they're crashing or whether they're smashing, you need to know what's going on and the best way to do that is to get in the digital perspectives mastermind group.

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