Speaker 1: Hey, folks, welcome into the Thinking Crypto Podcasts, your home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward
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Speaker 1: All right, folks, the clarityac drama continues. So we are
Speaker 1: not in a good spot. But however, we're getting reports
Speaker 1: that there's a glimmer of hope that this bill is
Speaker 1: not one dead yet, even though the chances are very slim.
Speaker 1: So we're getting reports from folks at punch Bowl News
Speaker 1: that some negotiations are still going on. And even Senator Thune,
Speaker 1: who's playing a big part of this, is saying the
Speaker 1: fact that we are in this position it's kind of
Speaker 1: a train wreck. Those were his words, so I think rightfully,
Speaker 1: so it is a train wreck, right, It's a mess. However,
Speaker 1: there are other bills in the Senate that have to
Speaker 1: be voted on. And what we heard is from Ryan
Speaker 1: Rossy from seeing his name right, he handles communications for
Speaker 1: Senator Tune. So what he said is that the other
Speaker 1: bills not related to clarity that if they don't get
Speaker 1: this done by this week, it could spill into next week.
Speaker 1: So it looks like the August recess could be pushed
Speaker 1: back a bit, not entirely canceled, So that keeps the
Speaker 1: door open for the Claritiact to pass. Now, I'm not
Speaker 1: expecting it to completely pass the Senate. I'm just anticipating
Speaker 1: a closure vote, and Senator Tuned today did not file
Speaker 1: for that closure. So if these other bills are also
Speaker 1: having issues, right the Save America Act, and there's some
Speaker 1: other ones as well, it could push the timeline back.
Speaker 1: That the Senate will still be working next week, so
Speaker 1: that gives a little bit of an opening here for
Speaker 1: the Claritiac. Not to mention, we got a report that
Speaker 1: the White House is now engaging in talks regarding the
Speaker 1: recent bipar an ethics language that was sent over to
Speaker 1: President Trump and his team. So some dialogue, some momentum,
Speaker 1: potentially a window opening here because of other bills are
Speaker 1: getting delayed and it's going to have to spill into
Speaker 1: next week. Now, again, I'm not saying the bill is
Speaker 1: going to pass. The chances are very slim and there's
Speaker 1: a lot of fighting going on. In fact, we got
Speaker 1: reports here that a Republican Senator, Josh Hawley, who's a
Speaker 1: Republican out of Montana, it looks like, if I'm not mistaken,
Speaker 1: he's voting no on the Clariac and his concerns are
Speaker 1: with the banking staple cooin yield items. So the banking
Speaker 1: lobby is at work here, right. That's the banking cash
Speaker 1: coming in. So it's not just Democrats. It's not just
Speaker 1: the ethics issue. It's also the banks fighting hard. And
Speaker 1: if you have some Republicans backing out, that may not
Speaker 1: be good. However, like I said, there's still an opportunity here.
Speaker 1: So let's see what they're able to up with. Let's
Speaker 1: see if this spills over into next week, and maybe
Speaker 1: we can at least get the cloture vote done. This way,
Speaker 1: when they all come back in September, they can get
Speaker 1: this out of the Senate. They can send it over
Speaker 1: to the House for it to pass there and go
Speaker 1: to President Trump for signatures. Now I know some of
Speaker 1: you are already dismay, sing it's not going to happen,
Speaker 1: and I'm not saying it will happen, but there's a
Speaker 1: slight chance here, right, so let's see what happens. And
Speaker 1: it's rough. It's rough.
Speaker 2: Right.
Speaker 1: We were hoping this bill would have passed already. In fact,
Speaker 1: we were hoping, just like the Genius Act, it would
Speaker 1: be making its way to President Trump in August right
Speaker 1: to be signed into law. But unfortunately we're not there yet.
Speaker 1: There are a lot of headwinds that this bill is facing.
Speaker 1: And you know, it's the ethics stuff with Trump and
Speaker 1: the meme coin, it's the banking lobby. They are not
Speaker 1: giving up. So even if the Trump meme coin wasn't
Speaker 1: an issue, the banking lobby, they're not going down without
Speaker 1: a fight. Guys. Remember, they want to keep those big bonuses.
Speaker 1: They already got a compromise and stingy and they're still
Speaker 1: fighting there. They still want more right not to mention,
Speaker 1: they're fighting DeFi as well. So the incumbents, the tried
Speaker 1: to fight incumbents are not giving up without a fight.
Speaker 1: And what's interesting, with the backdrop of the claritiac you
Speaker 1: have Russia's President Putin has signed a law providing comprehensive
Speaker 1: regulation for digital assets and rights for investors. Here's a
Speaker 1: quote the legislation governs the organization accounting and Custody of
Speaker 1: digital currencies and foreign digital instruments. So we've been seeing
Speaker 1: their respective crypto legislation make its way through their government process,
Speaker 1: and now it's been signed into law. This should be
Speaker 1: happening in the United States, but unfortunately we can't get
Speaker 1: out of our own way, and it's a mess. Look,
Speaker 1: do I think that there will be a Claritiac pass
Speaker 1: this year? Yes, I think we will get it done.
Speaker 1: This year is just going to be a hard, hard
Speaker 1: fight to get it to that point. And look, there's
Speaker 1: a chance it may not happen, but I'm going to
Speaker 1: lean on the higher probability that it does happen. Now,
Speaker 1: what's interesting, the price of bitcoin is not really reacting
Speaker 1: to the negative news around the Claritiac. You know, I
Speaker 1: put out a newsletter right up today where I said,
Speaker 1: could this already be priced in? That the market already
Speaker 1: priced in that no vote would be happening in the
Speaker 1: Senate and that this bill would be stalled. So we
Speaker 1: still have till the end of the weekend even next
Speaker 1: week for some sort of massive sell off on the
Speaker 1: official notice that it's done. Right, that's a possibility or
Speaker 1: as I mentioned, it could be baked in already and
Speaker 1: bitcoin could slowly just chop and you go bounce between
Speaker 1: the ranges then break out. And the reason why I'm
Speaker 1: anticipating that is we have that bullish divergence as forming
Speaker 1: on the weekly chart as we've been tracking for months now,
Speaker 1: which is very good. Now, that doesn't mean the market
Speaker 1: can flush one more time down and get that ultimate bottom, right,
Speaker 1: but we don't know what's going to happen, so we're
Speaker 1: going to have to be patient. But at least we're
Speaker 1: seeing the signs of the market getting ready to turn
Speaker 1: the corner. And the inverse of that is, of course
Speaker 1: USDT stable coin dominance is forming a bears divergence. So
Speaker 1: this is exactly what you want to see if you
Speaker 1: are waiting for higher prices to come, as we had
Speaker 1: later into the year and to the next year, this
Speaker 1: is exactly what you want to see. Now, some good
Speaker 1: news is that the SMP five hundred and the Nasdaq
Speaker 1: the stock market is doing really good. So the SMP
Speaker 1: five hundred hit a new all time high. The bulls
Speaker 1: are in full control. Per the mac D. The RSI
Speaker 1: is cooling down a bit, but it still has room
Speaker 1: to run, and the NASDAC itself has broken out. It
Speaker 1: looks like it's headed on that same trajectory to go
Speaker 1: to new all time highs. So if the stock market
Speaker 1: is ripping to new all time highs, that bodes well
Speaker 1: for Bitcoin in the crypto market. So hopefully the stars
Speaker 1: aligning here, maybe we get a small victory in the
Speaker 1: Senate for the Clarity Act and the charts aligned here
Speaker 1: and the stock market's ripping and Bitcoin has that strong rally.
Speaker 1: The question is, you know, which I've been talking about
Speaker 1: and covering in the newsletter as well, Do we just
Speaker 1: rally up to seventy two k or so, reject from
Speaker 1: the two hundred day movie average and then roll over
Speaker 1: to fifty k or we are breaking through that two
Speaker 1: hundred day moving average, building higher highs and higher lows,
Speaker 1: not to new all time highs. We're just steer stepping
Speaker 1: our way up and the bottom is officially in. That's
Speaker 1: the big question, right, And again we don't have a
Speaker 1: crystal ball, but we can form our thesis and look
Speaker 1: at different probabilities. I'm sure many of you are looking
Speaker 1: the same signals I am on Trading View and other
Speaker 1: analysts as well, so I really like this bullish divergence
Speaker 1: we're seeing on the weekly chart, and again the bearish
Speaker 1: diversions for the USDT stable coin dominance on the weekly
Speaker 1: chart as well. So all of this looks good regardless
Speaker 1: of if you have one more flush down, then, like
Speaker 1: I said, fingers crossed, we get some least some decent news.
Speaker 1: The cloture vote for the Clarity Act, and the crypto
Speaker 1: market starts to follow the stock market because we know
Speaker 1: the market makers in the crypto industry and market, they
Speaker 1: like to align with the stock market, which makes sense
Speaker 1: because this stock market is a bigger, broader mark it
Speaker 1: and the sentiment amongst investors usually follows that. So if
Speaker 1: that's good, the time to get crypto going. But we
Speaker 1: shall see now, folks. Quick word from our sponsor.
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Speaker 1: All right, folks, we've got some very big news today.
Speaker 1: MasterCard launches a stable coin pilot with Borderless Xyz, testing
Speaker 1: its crypto credential framework across cross border payment flows in
Speaker 1: one hundred plus countries days after completing its BVNK acquisition.
Speaker 1: This is huge. MasterCard, Visa, all the big payment companies
Speaker 1: continue to expand and integrate blockchain tech and stable coins.
Speaker 1: Many of you may have seen my interview with the
Speaker 1: head of Crypto and MasterCard as well as Borderless as CEO.
Speaker 1: I've had him on the pod many times. So we're
Speaker 1: just seeing incredible building. Yesterday we talked about black Rock
Speaker 1: expanding their tokenization efforts, bny Mellon launching cryptos taking So
Speaker 1: you're seeing incredible innovation and building despite the Clarity Act
Speaker 1: not being fully passed. So it will be passed eventually, obviously,
Speaker 1: like I said earlier, and these guys are all getting ready.
Speaker 1: They're preparing, they're building their infrastructure out, getting ready for
Speaker 1: the mass adoption of this technology. And speaking of stable coins,
Speaker 1: Circle names Blackrock, DTCC, MasterCard, Visa, and Standard Chartered among
Speaker 1: ARC's found validators ahead of its main net launch. So
Speaker 1: remember Circle. They are the issue of the USDC stable coin.
Speaker 1: They launched their own blockchain called Arc and there were
Speaker 1: some early buyers of the tokens, but it was I
Speaker 1: think accredited investors if I'm not mistaken. But look at
Speaker 1: who they have as validators. Those are some big names, man.
Speaker 1: So I'll keep you guys up to date. You know
Speaker 1: this is a project worth investing in. Once the token
Speaker 1: is public, will see how it all pans out. I
Speaker 1: have to do a bit more research, but some very
Speaker 1: big names backing this blockchain, guys. And even more stable
Speaker 1: coin news. Cloud Flare for those of you who are
Speaker 1: in the Internet web hosting sector or know these things,
Speaker 1: know how big cloud flare is right. They have launched
Speaker 1: stable coin wallets for AI agents, letting autonomous software hold
Speaker 1: and spend for APIs and content via x four h
Speaker 1: two protocol. Wow, the infrastructure being set up for the
Speaker 1: AI agentic economy and they will use stable coin payments
Speaker 1: of course. This is incredible, guys. And the x four
Speaker 1: h two protocol is that's from coinbase of course, so
Speaker 1: this is huge, huge adoption news. This is a major
Speaker 1: infrastructure item here. Now look at this yellow card raises
Speaker 1: forty million dollars to link banks to stable coin processing.
Speaker 1: So they're going to expand their stable coin infrastructure and
Speaker 1: they're betting that banks will increasingly use blockchain technology to
Speaker 1: move dollars across borders. Well, I think that BET's going
Speaker 1: to pay off because we are already seeing it right, Banks,
Speaker 1: stock exchanges, payment companies, credit card companies, you name it,
Speaker 1: they're all getting involved. So everyone is trying to expand
Speaker 1: and set up shop and create new services and solutions.
Speaker 1: And the reason this is happening is because the Genius
Speaker 1: Act was passed. Its law right, it was passed last summer.
Speaker 1: So imagine what's going to happen when the Clarity Act passes.
Speaker 1: The type of innovation we're going to see. Because the
Speaker 1: Genius Act is high per focus. It's a laser focused
Speaker 1: on just stable coins. The Clarity Act touches everything right,
Speaker 1: the meat and potatoes of the crypto asset class and technology.
Speaker 1: So I can't wait for that bill to pass. Guys,
Speaker 1: the innovation and building, we're going to see, the investments,
Speaker 1: the jobs are going to be created, but we need
Speaker 1: the government to get it right. To get it done.
Speaker 1: We got to get this done. Final news item, the
Speaker 1: XRP ledger is now connected to xlr's interoperability network, enabling
Speaker 1: cross chain transfers of XRP and supported assets across eighty
Speaker 1: plus blockchains without separate bridge infrastructure. I don't hold the
Speaker 1: XLR token. It's a great protocol, I remember interviewing one
Speaker 1: of the founders. I do hold XRP, as many of
Speaker 1: you know, and this is really great. We're going to
Speaker 1: see interoperability amongst different assets and tokenized assets and stable
Speaker 1: coins on different blockchains. So in order for these blockchain
Speaker 1: rails to work together and for companies who are used
Speaker 1: different blockchains to work together, you have to have interoperabilities,
Speaker 1: so that infrastructure is being set up. So this is
Speaker 1: really really great. So big news for both XRP and
Speaker 1: even if you're an AXELR token holder. Folks, that's the news.
Speaker 1: Let me know what you think. Leave your thoughts and
Speaker 1: comments below, hit the thumbs up button. Subscribe if you
Speaker 1: haven't as yet, be sure to support the podcast by
Speaker 1: subscribing to my free email newsletter. It's on Substack. As
Speaker 1: mentioned earlier, I put out a write up today, so
Speaker 1: make sure you check it out. A lot of chart
Speaker 1: data and information there. Grab a copy of my book.
Speaker 1: It's available in paperback in digital on Amazon, and check
Speaker 1: out my course at mycryptoc course dot com. This is
Speaker 1: a comprehensive course that teaches you everything you need to
Speaker 1: know about crypto and blockchain tech. All the links will
Speaker 1: be in the description. Folks, thank you so much for
Speaker 1: tuning in. I appreciate you all, and I'll talk to
Speaker 1: you all later