CLARITY ACT MARKUP PASSES SENATE IN A HUGE WIN FOR CRYPTO AS ELIZABETH WARREN CRIES!

I'm sure many of you saw the news already, and that is the Clarityact has officially passed in the Senate Banking Committee through the markup phase. So the vote was fifteen to nine and the bill will now go to the Senate floor. So a major win for crypto here. I know this is just part one of the five part phase of getting through the Senate to the ultimately being voted and then going to President Trump's desk. But

we're seeing progress right. There are people who are saying this bill won't even make it out the markup phase.

Big improvement from where we were in January on rewards, tokenization, DeFi, and CFTC authority. I'm proud we stood up for our customers in that moment and the bill is better.

everyone was happy about this. Elizabeth Warren was on a tear and you know, she showed up with her same all bullshit talking points that were handed down to her from the banksters.

If you guys recall in early twenty twenty four. In fact, John Deeton, who ran against Elizabeth Warren and obviously was really instrumental in the Ripple lawsuitcase against the SEC or the SEC's lawsuit against Ripple. You know, he highlighted that even in the Epstein situation, Elizabeth Warren did not once, did not once ask Jamie Diamond in that hearing anything about that, even though JP Morgan got fined and they.

In fact, Senator Bernie Moreno called her out on this hyperbole statement of when this will blow up the economy. Crypto will blowup the economy, he said, in just fifteen months, Senator Warren has predicted economic arm again in more than six times. Today's apocalypse, the claritiac will blow up the economy, same script, different target. Maybe the only thing crashing is her credibility innovation over fear. I don't even know what

to say. Look, Bernie Marine is obsolutely absolutely right. But again Elizabeth Warren again those big fat checks, right, so she's gonna go out and say all the craziness. So, guys, what happens next? Obviously this is a big win. Well, the bill now goes to the Senate floor for a vote, and the bill will need sixty votes to pass in the Senate. We don't have a date yet. The reporting we're getting is this is going to happen soon.

Because the Senate updated the bill, right, they changed fit twenty one to clarity and did a whole bunch of new things. So the House will have to pass it, But I don't believe the House is going to have any problems Again. They passed the FIT twenty one and then it will go to President Trump and that's the easy part. He'll just sign it into law, just like he did the Genius Act. But we got to get it through the Senate. And of course Elizabeth Warren's not

going to stop here. She's going to continue to fight, and the banks are going to continue to lobby. You know, they could certainly go after more Senators and say, hey, look, midterm elections coming up.

for jobs to be created and much more. Plus, Look, even though some of these incumbents are fighting back because they want to slow it down so they can catch up.

There were some last minute negotiations between the Banking Committee Republicans and Democrats over multiple amendments, which were brokeered this morning in an effort to secure bipartisan support for today's vote of the claritiac. This is being reported by Eleanor Turret.

She says, however, the compromise came at the cost of a specific change to Senator Lumis's amendment that remove language from Section three oh one of the bill referencing the Blockchain Regulatory Certain Act, disappointing some DeFi advocates who say the move could strip out critical protections for software developers as.

positively referencing the changes during the markup. That said, Senator Bernie Moreno said during the hearing that there's still work to be done on section three oh one, suggesting discussions will continue in the coming weeks as the Banking Committee and the Senate Agriculture Committee work to merge the texts ahead of the full Senate vote. So we got to watch this because we've got to protect DEFILE again. The tratifying commans would love to eliminate DEFILE, and they want

to make it more centralized versus decentralized. Again, they want to control the piping, right, So this is something we got to pay attention to. It was something that was stripped. But look, you're never going to get a perfect bill. Initially, you gotta keep it moving and then you know, as you go along, the process like Senator burning moreno highlighted here, you start negotiating and adding these texts in. So we

got to get it done though. It's so important because if you don't have clarity, another administration can come later on and just wipe out everything that was done by the sec, CFTC and other agencies. So clarity will put the rubber stamp of saying this is law, and if you want to change it, you got to go through the whole legis later process, right, versus a president coming in or so doing an executive order and wiping out, you know, again, what the agencies have done. So it's

important that we get this bill through. Yes, we still got to fine tune it, but we're making progress here, guys. We are absolutely making progress. And there's a saying perfection is the enemy of progress. Right, you aim for perfection to get everything done, it ain't gonna happen. And again, we gotta be carefully because you got people like Elizabeth Warren who are not giving up. Right again, she's getting those big fat checks on the banks, so it's not only herd as others as well.

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one of my long term bets for sure. So cracking is replacing Layer zero with chain Links CCIP as the exclusive cross chain infrastructure for KBTC and future wrapped assets. This sees a total of over three billion in TVL migrating after a two hundred and ninety two million dollars Layer zero powered bridge exploit involving KELP. Rival crypto exchange Coinbase has also selected Chainlink CCIP as the sole bridge

for about seven billion dollars in wrap tokens. Last year, moving ahead, CME Group and NASDAC announced launch of crypto

index futures tracking, which includes Bitcoin, Ether, Solana, XRP, Cardano Link, and XLM in a single contract. Look at the names CME and the Nasdaq. The Nasdaq is stock exchange right. The CME, sim Chicago Mercantile Group have been around long before crypto. They're building financial products around different crypto assets. Guys, we are seeing the maturation and crypto going mainstream. Amazing stuff now here's another example. Darthmuth Endowment invest in Solana

ETF holds fourteen million dollars in crypto exposure. So we've seen a lot of universities have been investing in these crypto ETFs and they're looking to get exposure to obviously increase the value of their holdings. So I think as we get the Clarity Act pass, we're going to see a lot more a lot more again because the risk.

assets in its portfolio since January. Any Thursday, filing with the SEC, the Trustees of Dartmouth College reported that the university endowment held about three point three million dollars worth of bit wise Salona Staking Exchange Traded fund, so bit wise close friends of the podcast have had Matt Hogan on many times. So great to see that they're getting

their ETF invested in. So the trustees also disclosed about three point five million dollars worth of gray scaley Theorem staking ETF and about seven point seven million dollars of black Rocks I share bitquin ETF. Incredible folks, and they're not the only one. Yale Harvard, all these guys are doing it. So again, this will continue to increase. I think we're seeing to drop in the bucket here, and once we have clarity, the floodgates are going to open.

I have the thesis, I know, I've said it many times that with all these on rams being built, ETF's financial products and not so much the on ramps for retail, but institutions which hold the big money. With all that being set up, right, you got Charlis Schwab, launchain crypto trading, you got e Trade, Morgan Stanley, all that, and then you have clarity pass. There's your kickoff of the supercycle, right, which is going to drive the valuations of the tokens higher. Obviously,

all right, moving ahead. Turnkey raises twelve point five million dollars in round back by Circle Ventures and Sequoia Capital. So Turnkey bills, wallet and key management infrastructure for crypto applications. The company said the new capital will support development of Turnkey Verifiable Cloud, a secure computing product for digital assets and sensitive workloads, ahead of its public launch. So the New York based firm was founded by former coin based

custody employees Bryce Ferguson and Jack Kearney. Its infrastructure is used for non custodial wallets, automated on chain transactions, and policy controls signing.

to see. Now here's another example. Stable coin powered neobank

facet raises fifty one million dollars to expand across emerging markets. So the money is It's to expand its stable coin power banking platform with backing from Japan's SBI Group, Invests Corp and Turkey's ours Port Foy I think I butchered Dad,

but anyway. The Los Angeles based startup uses stable coins to move money across more than fifty payment corridors in Asia, Africa, and the Middle East, processing over thirty two billion dollars in annualized volume for more than one thousand small and medium sized businesses in one hundred and twenty five countries. Facet said it plans to use the new funding to enter additional markets, build lending and trade finance products, and

grow its proprietary own network infrastructure. As stable coins gain traction for remittances and cross border commerce. So again, guys huge investments and the building continues. Final news item here

Black Rock Janie Henderson tokenized funds yet instant redemptions with new one billion dollar facility. So Grove launched a liquidity network offering up to one billion dollars in daily stable coin liquidity for instant redemptions for Black Rocks and Janie Henderson's tokenized treasury funds. The facility dub Basin aims to fix a key weakness in the fifteen billion dollar tokenized treasury market by providing instant stable coin payouts against approved

redemptions while underlying fund settlements proceed on traditional rails. Major asset managers and crypto firms including Securitize, Centrifuge, Anchorage Digital, Galaxy Digital, and falcon X are partnering on the platform. As tokenized US treasury products grow rapidly and institutions increasingly part of cash on blockchain based funds. So many of you know black Rock has a tokenized money market fund

called Biddle. Recently it was announced they're going to expand and create more funds, right, So it's great to see the innovation to help improve these products and the network and liquidity and the piping and the infrastructure around all this so incredible what's being built, guys.

It will guys, even like today the Clariact making it out of the Senate. You look at bitcoins chart, it's still stuck between eighty one eighty two K. It didn't break out. There wasn't a massive green candle. In fact, one could argue this markup was already priced in. But patients. Market moves in cycles. We are climbing our way out of a bear market. They're still the potential for a bitcoin to roll over and go test fifty AK or sixty K or potentially lower. Again, I'm not saying that's

going to happen. I'm not saying it's guaranteed. I'm saying it's a scenario because we're talking probabilities. No one has a crystal ball. So let's see what next week brings us. I do believe there's still some bullish momentum here for bitcoin. There is a CME gap at around eighty four K, so let's see what happens. The stock market continues to make new highs. This SMP five hundred is going parabolic. It hit seventy five hundred. Today for the first time

in history, the NASDAK is also ripping like crazy. Now they're both in the overbought zones, super super overheated here, so we do have to be cautious. There may not be a lot more time for this respective rally. It may correct very soon. I don't know if there's going to be some sort of black Swan event that makes it crash, or there's just a healthy correction.

ebbs and flows, as it's saying, goes. Time in the market is better than trying to time the market. So you want to obviously buy when it's blood on the streets and hold and position yourself, right, So this is where we get to watch it closely and hopefully you know, Bitcoin has one more run up to eighty five, and we want to see some rotation to the alts, which has already started.

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