Speaker 1: Hey guys, welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm Tony Edward, your host.
Speaker 2: Folks.
Speaker 1: You can tell those of you watching on YouTube and
Speaker 1: rumble that I am not in my studio. I'm currently
Speaker 1: on vacation. I'm up in the state of Maine enjoying
Speaker 1: some great seafood and coastal towns. But I wanted to
Speaker 1: give you an update on what's happening with the claritiac
Speaker 1: in the Senate. So Senator Thun this morning, just before
Speaker 1: six am, he filed the cloture motion to have the
Speaker 1: claritiac voted on in the Senate and that vote is
Speaker 1: going to take place on Tuesday, September fifteenth, twenty twenty six,
Speaker 1: So it's going to happen this year, and that is
Speaker 1: expected to happen about two pm in the afternoon. So
Speaker 1: this is very good. This is further and then we've
Speaker 1: made it in this whole process. Right, we know that
Speaker 1: the vote didn't happen recently and the Senate went on recess,
Speaker 1: the House went on recess. So there's some hope here. Now,
Speaker 1: is it guaranteed that this bill is going to pass
Speaker 1: of course not right. We're gonna have to wait and
Speaker 1: see because the Democrats are still, you know, concerned about
Speaker 1: the ethics items. Plus you have the banks fighting on
Speaker 1: the stable coin yield front. You know, the banks are
Speaker 1: not going to give up. The Bank's already got a
Speaker 1: compromise in the Senate Banking Committee, yet they're asking for more.
Speaker 1: They're writing the checks, they're giving it to different members
Speaker 1: of the Senate, Republicans and Democrats. So it's going to
Speaker 1: be tough. But if they're able to pull us off
Speaker 1: and get the vote, guys, it would be ideal timing.
Speaker 1: Here's why I've been saying. My thesis has been, I
Speaker 1: don't believe President Trump wants to go into the midterm
Speaker 1: elections with the markets and the dumps. So I believe
Speaker 1: that the markets are gonna pump, the Fed is going
Speaker 1: to inject liquidity and all that jazz, and we're going
Speaker 1: to see crypto rally as well. Because we're nearing a bottom.
Speaker 1: You know, I've been highlighting the bullish divergence on the
Speaker 1: bitcoin chart, and it looks like we're nearing a bottom
Speaker 1: and we may start to reverse soon. So maybe the
Speaker 1: remainder of August into early September, we're bottoming out and
Speaker 1: then we start to rally, and then that news of
Speaker 1: the Clariac is a spark. It's the catalyst that helps
Speaker 1: the market to go higher. Right, And again, President Trump,
Speaker 1: I don't believe wants to go into the midterm elections
Speaker 1: with the markets down. So there's also a big update
Speaker 1: from Angela also Brooks. So she was part of the
Speaker 1: she's a Democrat and she was part of the Senate
Speaker 1: Banking Committee where they were able to find a compromise.
Speaker 1: She was key in getting the bank stable coin Yeald
Speaker 1: compromise done. So she said that we're working or we
Speaker 1: worked over a year on a bipartisan basis. We will
Speaker 1: continue our work. Getting the clariac right remains our goal.
Speaker 1: So that's very good. You have one of the top
Speaker 1: Democrats who was key in getting that bill out of
Speaker 1: the Senate Banking Committee. She worked with Tim Scott, and
Speaker 1: she's saying we still want to work on this.
Speaker 2: Now.
Speaker 1: Something else that's good, and it may be a microcosm
Speaker 1: of what's to come with President Trump. Trump Media terminates
Speaker 1: their plan crypto deals with Crypto dot Com. This is
Speaker 1: very good. The more President Trump can back away from
Speaker 1: these crypto items, the better his opponents, the Democrats are
Speaker 1: obviously using it against him. Elizabeth Warren and all the
Speaker 1: other anti crypto people are using this to their advantage.
Speaker 1: So if he can start to distance himself from crypto
Speaker 1: at his partnerships and give up that meme coin and
Speaker 1: even to Malania coin, give that up, right, that would
Speaker 1: be very good. They have nothing to use against him.
Speaker 1: I'm sure the Democrats are going to do their victory
Speaker 1: lap and say, look, we got him to do this,
Speaker 1: But overall, the bigger fish to fry here is we
Speaker 1: need to get this bill done. So we have some
Speaker 1: things working in our favor. We got the vote date
Speaker 1: scheduled right, the cloture motion. As we followed, top Democrat
Speaker 1: Angel also broke saying she's ready to work to get
Speaker 1: this done. And President Trump's starting to distance himself from
Speaker 1: these crypto dealings and so forth, which you know I've
Speaker 1: been saying for a long time needs to be done,
Speaker 1: and now it's become a liability. Now they're using it
Speaker 1: against him, so we need to get that done. So
Speaker 1: we got three things working in our favor, and come
Speaker 1: September that vote may take place in the Senate and
Speaker 1: let's see if that bill can get done. If again,
Speaker 1: if times well with the market, we could see a
Speaker 1: really strong rally come Q four and maybe we get
Speaker 1: back to some of the levels we hit in twenty
Speaker 1: twenty five, maybe back to the all time highs hit
Speaker 1: in twenty twenty five. We'll see and no guarantee, of course,
Speaker 1: but these are things to pay attention to. But that's
Speaker 1: pretty much the update.
Speaker 2: Guys.
Speaker 1: I wanted to let you all know about this because
Speaker 1: this is an important one and it may not have
Speaker 1: crossed your timeline as far as news, but Centator tune
Speaker 1: able to get it done before six am this morning.
Speaker 1: You file that motion and this is pretty big, so guys,
Speaker 1: stay tuned, check out our sponsor, be sure to hit
Speaker 1: the thumbs up button, subscribe you haven't you as yet,
Speaker 1: and share this video. Thank you guys so much for
Speaker 1: tuning in. Also check out our newsletter, our course, and
Speaker 1: my book on Amazon. Thank you guys, and I'll talk
Speaker 1: to you all later.
Speaker 2: This episode is brought to you by go Mining. Go
Speaker 2: Mining is the all in one bitcoin app that makes
Speaker 2: it simple and secure to earn, use, and benefit from
Speaker 2: bitcoin every day. Bitcoin is the future of money, and
Speaker 2: go Mining brings the future into the present, regardless of
Speaker 2: your country, income, or level of knowledge. The app brings
Speaker 2: together a growing ecosystem of bitcoin products. This of course
Speaker 2: includes mining, which is the core of go Mining's business.
Speaker 2: Traditional bitcoin mining usually requires buying expensive equipment, managing electricity
Speaker 2: and maintenance, and setting up technical infrastructure. Go Mining removes
Speaker 2: this complexity. Instead of running hardware at home, users can
Speaker 2: access real mining infrastructure located in professional data centers through
Speaker 2: the app. Now it's important to distinct wish that Go
Speaker 2: Mining is not a cloud mining app. All mining power
Speaker 2: is backed by real equipment in their data centers. You
Speaker 2: can verify this yourself directly in the app. They also
Speaker 2: offer what's called mining Wars, so this is a competitive
Speaker 2: mining game where users can battle for greater rewards. So
Speaker 2: it gives you another option to be able to earn
Speaker 2: and makes it a bit fun as well. In addition,
Speaker 2: they offer a great crypto wallet, a building crypto wallet
Speaker 2: to store, deposit, withdraw, and convert supported assets directly in
Speaker 2: the app, and it's easy to manage your Go Mining
Speaker 2: initiatives within their dashboard, where you can view your rewards
Speaker 2: and all the mining activities that are taking place and
Speaker 2: They also have a great academy that helps you to
Speaker 2: get started and answers all your questions with courses, guidelines,
Speaker 2: and much much more. So you have to check out
Speaker 2: Go Mining. Go to the link in the description to
Speaker 2: learn more.