19:17
Ceasefire over. Is the ceasefire done? Is the MOU dead? It's a very interesting question. To me, I think it's over. Something interesting is happening with crypto today. So, what do you think about the Clarity Act? Does it get over the finish line? We don't need to copy people. There's something wrong with them. They're cuckoo. The Bitcoin price slides with Iran ceasefire collapse. Yet, the buying happening behind the scenes from institutional players paint a different picture. Watch today's whole video so you understand everything, and it starts here. This has largely gone unnoticed. The SEC has just released its regulatory agenda for 2026 with a crypto regulation meeting set for this month with the goal
being, and this is a direct quote, "to help clarify the regulatory framework for crypto assets and provide greater certainty to the market." And keep in mind, for the very first time ever, the regulation for crypto is happening. Crypto is being regulated this year. It's the legislation. It's the Clarity Act, the legislation that will make it stickier. The timeline to pass the Crypto Clarity Act now is as follows. We know Congress missed its target for July 4th signing ceremony and now faces the critical deadline on August 7th as the last possible line in the sand. The Senate now has approximately 20 working days to pass the bill before the summer recess. And what's interesting is what the CFTC chair on Fox
Business today just shared. As I share this with you, I do just want to check back in on exchange partner Kalshi and my perps trade still up 7% despite this dip. Many of you have already watched my video from 3 weeks ago, "Crypto Holders, How to Start Trading Perps as a Beginner in 2026 in under 12 minutes." So valuable to learn because not only are Kalshi perpetuals CFTC regulated, which was important to me, Kalshi was also the first US company to offer perps, meaning you can make money whether the price of crypto coins go up or down. And special promo only for the Altcoin Daily Army, trade $10, get $10 only with referral code Altcoin. Again, limited time, claim your $10, link down below. And there is
hope. CFTC chair on Fox Business says the Clarity Act is so close to passing, calling a federal standard for crypto assets absolutely critical. Let's watch. So, what do you think about the Clarity Act? Does it get over the finish line? We're so close. We have to get this done. It's absolutely critical that we have a federal standards for crypto assets. And right now, we've dealt with a patchwork of state laws and regulations, and it's really been bad for business here in the United States. We want to get this done so that we have certainty, clarity, and consumer protection. Should be a bipartisan issue. We've got to get it across the line. do you Is it that the Democrats are stopping the progress because of ethics
issues and trying to get specific language in there about President Trump and his family in crypto? Well, there's certainly some mission creep beyond what's really critical here. We want to set standards and protect consumers, protect investors. And that's something that Democrats and Republicans should be able to get behind. I do think there's a little bit of this creep into ethics and other types of extremist issues, and they're just derailing this real opportunity to have a bipartisan bill in place. Otherwise, you end up with regulators like me writing all the rules. And I'm sure all the Democrats would prefer to get something in place that's bipartisan. Of course, the bigger question now is
can they do it in 20 working days? Because this was a good sign. Just in Bitcoin ETFs have bought over $500 million in Bitcoin in the last 3 days, reversing massive outflows. So, we were in an uptick. Of course, then uh Trump announced the Iran ceasefire. And we took another leg down. What's good to for me to see, what I like, is that I you know all markets went down, yes, but also the Bitcoin market didn't really care. It's almost like the people that are still in this market are holding. The sellers have vastly been exhausted. Now, what's not good is that we can't quite get above this 200-week moving average. Last time we couldn't clear that.
Notice back in 2022, we couldn't clear it. It was messy. It was mixed. And we took another about 20% leg down, which marked the bottom. The Clarity Act would be that catalyst to reverse us, to send us back into bull. And I liked this. Senate Banking Committee member Kevin Cramer does think it's possible by the end of the year. Does think it's possible before summer recess. Yeah. And we just spoke with the head of the CFTC, and he says we're close to the finish line, but it feels like déjà vu again on that.
Yeah. Well, it does. The Clarity Act is a little you know, we did pass it out of the committee, as you know, out of the Banking Committee with Democratic votes. But even the Democrats that voted for it in committee won't vote for it on the floor unless the couple of things are straightened out. One of them being um some of the ethics language, which I think, by the way, Democrats are insisting on because simply because Donald Trump's the president. Right. And because he's successful at business, which is bizarre to me. I mean, if we if we punished every president who was successful at something and said they can't you know, they can't legislate. Uh if they're farmer like
Jimmy Carter, they can't sign a farm bill. I mean, Hoover was in the mining business, for crying out loud. There lots of potential conflicts, but it's all about Donald Trump in this case. I think there are a couple of those things. That's something that the White House is going to have to work out with Democrats, quite honestly. It's It's between them. And if the CFTC uh you know, commissioner chair thinks that's that we're close It may be something There may be something that we know that he knows that we don't know. So, I'm still hopeful for clarity. The good thing about clarity, Maria, is both sides do want to do it. They do want to have good legislation along you know, the issues, obviously, of cryptocurrency, and we need to.
Well, time is running out. Now, notice how the big money is taking out their positions now, regardless. JP Morgan, the biggest haters of crypto, vocally, have tokenized about $800 million in assets on Ethereum across two funds. Pay attention to what they do, not what they say, and notice which chain they choose to tokenize on. Also, altcoin number two, Cardano founder, says Ethereum is quietly copying its core design. Again and again, they say UTXO's too hard for developers, no one wants to do it. And now they're literally putting in their three-to-five-year roadmap that they have to pivot to UTXO. So, Charles Hoskinson went on a huge rant against Ethereum, and basically,
Hoskinson said Ethereum is trying to copy Cardano's UTXO. By the way, that's the same thing that Bitcoin uses, UTXO model, without naming it. Yes, Vitalik, UTXO's a good idea. I didn't invent it. I perfected it. The Oda Nobunaga of our ecosystem was Satoshi Nakamoto. He created the foundations we stand on, and he had every opportunity to do bank-style accounting. He chose cash-register-style accounting, cuz it's a much better way to do a distributed system. And lo and behold, you'll rediscover all
the magic that we knew from Satoshi, from reading his code and building on his house. And what we did is we perfected it with extended UTXO. Meaning Ethereum is quietly adopting some of the key things that make Cardano. Ethereum now wants any protocol change would need a review and a hard fork. So, they're going to make an Ethereum is planning potentially, if this goes through, to make a new chain and Cardano says, "You're starting to look like us and we already have we already are us."
Take a second look at Cardano. I beseech you. It's undervalued and it's a great ecosystem and it's growing by leaps and bounds. You know what? We don't need to copy people cuz we innovate. We know the future. We've been talking about the future. Also big news coming out of Russia, 626 billion state-owned Sberbank, SBER Bank, just announced they will launch a Bitcoin and crypto wallet for all Russian citizens. This is Russia's largest bank. They are adopting Bitcoin and crypto at a mass scale never seen before. Putin does not want his country to fall behind. And by the way, click the like button if you're getting value in today's video.
It's it's a small thing, but it truly does help me grow as a channel. Also, this was interesting from exchange partner Binance. Four of the six fastest growing stablecoins are on Binance and BNB chain. And by the way, these are US dollar stablecoins. And how this affects you, the stablecoin network effect is taking shape on BNB chain. 10 million average daily transactions, 15 million monthly active addresses, 24% of the BNB network transaction share. It's interesting to see where the US dollar stable coins are flowing. This is an ongoing story. I will keep you updated. Like always, see you tomorrow.
