TRUMP CALLS OUT BANKS FOR BLOCKING CRYPTO MARKET STRUCTURE BILL!

make sure you watch and listen to the end. We got lots of big news President Trump calling out the banks, plus major crypto adoption by institutions such as MasterCard so far and much more. Let's get into it. Okay, folks,

We got to start with President Trump because he issued a big statement today rebuking the banks, saying they are holding up the Clarity Act, which is a crypto market structure legislation because of the stable coin yield situation. We know the crypto industry and the banking sector have being butting heads over this because the Genius Act allows for you and I to be able to go earn stable coin yield and rewards on different platforms such as uphole,

coin base and others. The banks don't like that. We've talked about this ad nauseum. They want to keep their big fat bonus checks. They don't want to give you anything. They want to give you zero point zero one percent, right next to nothing while they get the big bonuses. But a new day is here. So let me share the statement of what President Trump shared on truth Social He says, the Genius Act is being threatened and undermined by the banks, and that is unacceptable. We are not

going to allow it. The US needs to get market structure done asap. Americans should earn more money on their money. The banks are hitting record profits and we are not going to allow them to undermine our powerful crypto agenda. That will end up going to China and other countries if we don't get the Clarity Act taken care of.

The Genius Act was the USA's first big step to make the United States the crypto capital of the world, and getting the Claritiact done is the next step to finish the job and most importantly, keep this big and powerful industry in our country. The banks should not be trying to undercut the Genius Act or hold a Clarity Act hostage. They need to make a good deal with the crypto industry because that's what's in the best interest

of the American people. This industry cannot be taken from the people of America when it is so close to becoming truly successful. Thank you for your attention on this matter of President Donald J. Trump. So this is incredible, guys, because this is coming from the top. Now. The President is literally calling out banks, saying, you are holding up the crypto Market Structure bill because you're disputing the stable

coin yield situation with the Genius Act. We know the Genius Act is law, and the banks, I guess they got caught flat footed and they feel threatened. But again, it's about the bonuses, right. We don't want to give up our profits. We don't want to give up our bonus checks that we get at the end of the year. So it looks like David Sachs and Patrick Witt escalated the situation, right. They took it to the higher level here.

And this is pretty incredible and also very bullish. The President of the United States calling out the banks and saying we need to get the market structure done. So this should put a lot of pressure. It's huge optics here against the banking industry. So I think we're going to have some sort of agreement soon because Trump has threatened certain things in the pass against credit card companies as well as banks and much more so. I think the fact that he's putting this out there is a

very good sign and pretty incredible. I did not expect to see this, but they definitely want to get the market structure built through guys, and as we've been talking about, that's going to allow lots of capital to come into the industry and we're going to see more adoption in building. So incredible statements here by the President. Now a lot of folks weigh in on this, and here Ripples CEO Brad Garlinghouse said, an extremely pointed message from the President

of the United States. So those who are dragging their feet on Clarity, this is and always has been about what's in the best interest of the American people. CFDC Chair of Mike Selegg says, the President of the United States is right. The Clarity Act must pass. It's critical we have a future proof digital asset market structure in place.

The CFTC is eager to implement the Act. Under this historic administration, President Trump is unleashing a goal in age in America, and this legislation is a key part of securing the US as the global leader in innovation. The time to act is now now. Ron Hammond, who has been a very frequent guest on this podcast. He now is working at Wintermute, said, the closer we get to the election, the odds of the Clarity passage gets lower.

Banks know this stall long enough till election politics takes over. It's a classic lobbying tactic. But Trump is the kind of X factor that could force their political calculus to change. So the banks, they're smart, they know what they're doing, right. They also have been building a war chest getting ready for the midterms, and they want to control crypto. They don't want to kill it, they just want to control all of it, just like they control the other assets

in the trad fire world. That's what they're trying to do. So Ron called it out pretty well here that this is a tactic you're using to stall. Right. He'd come back and say, oh, the crypto industry is not letting us do these things, and blah blah blah. And just yesterday I reported to you guys, JP Morgan CEO Jamie Diamond was pretty much you know, saying, oh, we need to have a level playing field. You know with crypto

and all that. Yeah, well, how about you level up and launch your own stable coins and offer rewards or in your savings accounts up the interest so people don't have to go to stable coins for the yield. Right, But of course he won't say that. He won't do that because it's all about his bonus checks, right, That's what this is all about. Okay, moving ahead, CFTC chair

teases crypto perpetual futures in the next month or so. So SEC Chair Paul Atkins and CFTC Chair Mike Sealak address market structure, prediction markets, and perpetual futures at a Tuesday event. So they both spoke at this event, and you know, one of the things that SEC Chair Paul Atkins said is that they're looking forward to un chain settlement, where we go to T zero, so instant settlement, atomic

settlement essentially. So in a Tuesday panel hosted by the Milken Institute in Washington, D C. Selig said that the CFDC was working toward getting true perpetual futures in the United States within the next month or so. The prior administration drove a lot of these firms and the liquidity offshore, said sea Leg Indie panel discussion and sea Leg all added that the CFTC was working to provide guidance regarding

prediction markets in the very near future. He claimed in February that the agency had exclusive jurisdiction over regulating platforms offering event contracts, pushing back against many state level enforcement actions against companies including Calshi and Polymarket. So both the CFTC and the SEC are working together here, guys, to push crypto for forward, provide the rules, and it's great to see the two agencies and lockstep looking to get

things done here. So this is all very bullish, now, guys,

we get huge trade five institutional adoption of crypto. So today Sofi Bank and MasterCard announced an enhanced partnership to enable the Sofi stable coin called sofi USD as a settlement option across MasterCards Global Payments Network. Sofi USD as a settlement currency across MasterCards network enables issuers and acquirers to help millions of businesses to instantly settle twenty four

to seven. So this right here, guys, is a clear example of the use case of blockchain right and we've been talking about it for years now right, those of you who've been around with me since twenty eighteen or late twenty seventeen, you know we've been talking about this the token economy, right, and I've been preaching to you guys, the capital markets, the future economies and governments will all run on bl blockchain rails. That's what's being built here.

Please don't miss it. And this is where you got to look at it from a macro view. Take your bets and be patient. Right. So it's incredible and here you know, they said as the closing statement to this announcement, join us as we build for the next era of finance. Incredible. Master Card tweeted out the news, saying more ways to move money with the trust and scale businesses expect. Proud to partner with SOFI to enable so far us the

settlement across our network and support always on commerce. Incredible news here, folks. Now, this episode is brought to you by Treasure. Treasure makes beautiful hardware wallets that make it easy for you to self custody your assets. I'm a user of Treasure devices. I have the Treasure Saved seven, which is the new device which is quantum ready, and I also use the Treasure save five so Treasure. They were the pioneers of hardware wallets. They started it all

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got big news around Ripple. So Ripple expands stable coin payments stacked for banks and FinTechs. So we've been hearing a lot in the news lately about Ripple and the XRP ledger and all the upgrades you're doing, so let me give it to details here. Ripple is expanding its stable coin payments platform for banks and FinTechs, aiming to reduce the need to park money overseas and speed up

cross border transactions. Ripple Payments, the company's global payments platform that connects financial institutions to blockchain based settlement rails, has been upgraded to support a broader stable coin workflow, including collection, custody, conversion,

and payout, the company said on Tuesday. The move positions Ripple to compete more directly with legacy payment providers, as it is designed to reduce reliance on pre funded accounts and traditional correspondent banking networks, which can tie up capital and delay cross border Payments, So this will of course include Ripple's stable coin r l USD as well as use of the XRP ledger. Now will that be in

every transaction? Of course, not right, because there's different corridors, different places in the world where maybe certain technologies will not be needed. Right, But of course there will be the use of the XRP laguer in different places and the rl USD stable coin. So Ripple Payments is live in more than sixty markets and has processed over one

hundred billion dollars in transaction volume to date. The company cited Switzerland's Ameta Bank, Brazil's bancogen El, Malaysia's ecib and Philippines based alt pay nets as examples of companies participating in the network. Huge, huge news here, folks. And now speaking of banks, look at this. Bank of Japan expands

blockchain settlement sandbox and says CBDC efforts are ongoing. So again you see the direction the puck is heading in here. This is no longer a proof of concept, a trial and error. No, they're building right, CBDC stable coins. They're

leveraging blockchain for tokenization and much more. Guys. So we are still in the early days when you look at the S curve adoption, because a lot of the infrastructure is now getting set up, and you know, obviously we're waiting for legislation, which I think will fast track a lot of that building. But you know, these folks they want to build it, but in order for them to push it to full production to the masses, you need

the legislation in place. So the Bank of Japan has launched a blockchain based sandbox project to test settlements using central Bank reserves held as current account deposits. The project will explore how blockchain systems can connect with existing infrastructure for use cases such as domestic interbank securities settlement, which analysts say could enable instant, round the clock transactions and

reduce gridlock risk. That right there, we're seeing stock exchanges and banks around the world going twenty four to seven, right, that's what they're talking about. Crypto started that, and the reason Crypto was able to do that is because of

blockchain tech. So Governor Kazuo Yueida from saying that right said, the boj's Retail Central Bank Digital Currency Pilot remains underway, while Japan also participates in Project Agora to test tokenize wholesale central bank deposits for more efficient cross border payments. So guys, they're building out tokenized deposits, cbdc's stable coins, and as mentioned, tokenizing as many of the tradi fi assets as possible, stocks, equities, commodities. That's all going on chain.

So book it. It's a done deal. The process and the sausage making, you know, it's gonna maybe take a little bit. They're gonna test different blockchains, they're gonna get their legislation through, they'll fine tune things. But ten years from now it's gonna be very different. I've been telling you guys, no more opening and closing bill. That will

be a thing of the pass. We're gonna see twenty four to seven, three sixty five markets, no more nights and weekends and holidays, guys, and AI and AI agents will be assisting a lot of these markets in trading twenty four to seven and all these things. That is what's coming. So it's inevitable. So this is where you take your bets. Be patient, have the macro view. As mentioned,

and here's another example, so Swift the payments messaging system. You know, many years ago they used to talk trash about blockchain. We don't need blockchain. Our system is fine, right, But that was them as the incumbents getting disrupted. Remember it's a group of banks. It's essentially all the banks, right, and they formed this messaging system, but it's outdated, it's old, and it's become irrelevant right in the age of the

Internet and blockchain. Look at this, Swift is saying here that their partnering with be and why so they said, b and ys among the global institutions collaborating with us to help design our blockchain based ledger for cross border payments and tokenie value. Through the close collaboration, we're building a more connected, secure and interoperable financial system. So they've pretty much capitulated, right. They used to talk, like I said,

trash about blockchain and crypto. Now they're trying to adopt blockchain. So guys, I hope you see what's happening. The biggest dominoes are falling. Here's another example. Visa and Stripes Bridge

plan stable coin card expansion to over one hundred countries. So again, bank stock exchanges, credit card companies, the biggest investment firms in the world all involved in crypto and blockchain so global payments giant Visa is expanding its stable coin card partnership with Stripe owned Bridge, expanding the rollout of stable coin linked Visa cards worldwide and testing on

chain settlement. Visa and Bridge are expanding their joint card program to eighteen countries, which plans to reach more than one hundred across Europe, Asia, Pacific, Africa, and the Middle East by the end of the year. The expansion follows the program's initial launch in April twenty twenty five, which first supported markets in Latin America, including Argentina, Columbia, Ecuador, Mexico, Peru,

and Chile. In addition to the expansion, the companies are testing stable coin settlement through Visa's pilot program, enabling users and acquirers to settle transactions using stable coins rather than Fiat. Again, guys,

see where we're headed and it says here. The move highlights the ongoing stable coin raised indie payments industry, with MasterCard recently enabling stable coin card spending, with MasterCard recently enabling stable coin card spending in the US via the self custodial crypto wallet Madam mass So that news I reported to you guys over the past couple of days. So incredible adoption, folks. Just incredible stuff. Now, big news

around Onto finance. So I'm a ONTO token holder. I'm sure many of you are as well. So Onto Finance tokenized stocks platform on Binance wins regulatory approval in Abu Dhabi. So again, guys, global expansion, mergers, acquisitions, huge investments. Everybody's setting up for the token economy. So Abu Dhabi's Global Markets Regulator approve Ondo finances token is stocks and et

apps on Finance's regulated trading venue. This is the first time the ADGM approved token is securities trading under its regulatory framework, allowing institutions to deal in digital equities. Ondo, which structures its products as equity linked notes and has processed more than eleven billion dollars in trading volume. It's part of a broader push to put traditional equities on blockchains, a market now valued at over one billion dollars. Incredible

stuff here, folks. Okay, final news item. Eric Trump's American

Bitcoin has purchased eleven two hundred and ninety eight more BTC miners to help protect the network and lead the future of bitcoin in America. That's a quote from him. But I don't care if you don't like Eric Trump or Trump at all. This is bullish, guys, because if the Trump family is taking all these big bets and people are saying crypto is dead, it's pointless. It's use

as we're seeing the headlines, right. I shared with you guys that article from the New York Times just the other day where they're saying it's pointless, and not even the Trump family can say it. But again, you're seeing all the banks and all these major institutions taking these big bets. You're seeing the Trump family up their crypto investments in companies. I think they know what's coming, right, So this is where you know. That's one of those

signals I'm looking at. And again it's not so much about the politics. There's things I disagree with and on and so forth. For example, I hate that Trump launch a meme coin and Malania launch a meme coin. I think that hurt the crypto market and the past bull market, not now specifically, but the fact that they continue to double down. They're not doing this in the AI sector or any other sector, right, not even robotics, and we know that's coming. They're doing it in crypto. So I

think that's a bullish sign. Again, put your political biases aside, just the simple fact where are they putting your money, what are they investing in, what are they building? That's a sign. So I think guys, once the Crypto Market Structure Bill has passed the clarity at I think that kicks off the super cycle. So my thesis could be wrong, but I think many of you can agree with me logically.

Once that's past, we're going to see a lot more adoption from trad fi institutions, more capital coming into the market, and higher prices for the tokens. So you gotta be patient. You know, obviously dollar coross average in buy it when there's blood on the streets and fear and then hold that's the big thing. So, folks, that's the news. Let me know what you think. Leave your thoughts and commons below,

hit the thumbsup button subscribe if you haven't as yet. Folks, Heads up, I will be publishing my interview with Malcolm Clark, who is the VP of Digital Assets at Western Union. That interview is coming tomorrow. You got to make sure you watch these guys. Why they are building their own stable coins and they're doing it on the Salana blockchain.

I ask all the questions that many of you would want to know, so it's incredible to have this payment's giant, which I'm sure many of us have used building their own stable coins. So you don't want to miss this one. It's going to be published in the morning. Check it out, and I got some big interviews this week as well. I'll give you guys heads up. I'm going to be posting the images once I interview folks, but stay tuned folks. Now, guys, be sure to support the podcast by subscribing to my

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