2388: $100T Bitcoin Breakthrough - The Opposition Just Collapsed

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**Justin Verrengia** (0:30)
Something just happened that could unlock hundreds of trillions of dollars for Bitcoin. And almost nobody is paying attention. The opposition has literally been destroyed. In less than 24 hours, one of the biggest groups fighting America's crypto bill stopped opposing it. And another came out in support. And now Bloomberg Intelligence says there's a 60% chance the Clarity Act passes this month.
Yesterday, the National Organization of Black Law Enforcement Executives became the first major law enforcement organization to publicly endorse the Clarity Act. Not tolerate it, not stay neutral, endorse it. They said the bill would give law enforcement meaningful new capabilities while preserving the criminal enforcement powers they already use. Then today, another wall fell. The major county sheriffs of America representing law enforcement across the country's largest counties had also opposed the bill. They have moved from opposition to neutral. They were fighting it and now they're not. And when a bill is struggling for votes, sometimes the most important supporter isn't the person who says yes. It is the opponent who stops saying no. And right now, the Clarity Act may have only one major obstacle left, the Democratic concerns over the ethics language. Connected to President Trump's crypto businesses, that's it. One remaining fight. And if that issue gets resolved, the bill could have a clear path to the floor vote before August recess. The odds are ripping higher in real time. Traders who were betting on whether the Clarity Act passes suddenly started changing their minds. And Senator Lummis walked onto the floor of Congress and made the case for why this matters. Not just for Bitcoin, not just for crypto, but for every person who has ever lived under a government that controls their money, which is every government that has ever existed. She said this technology lets people anywhere in the world transmit money faster and cheaper. But then she went further. She said it provides a check and a balance against oppressive governments around the world. But there's another reason this fight matters. The biggest pools of capital do not move without clear rules. Pensions, banks, insurance companies, sovereign wealth funds, asset managers. And behind them, global markets worth hundreds of trillions of dollars. They don't need permission to believe in Bitcoin. They need legal clarity. They need to know what they can own, what they can trade and what they can self-custody and what rules they're operating under. That's why the Clarity Act matters. It doesn't create a next wave of capital. It removes one of the biggest barriers standing in front of it. And if that barrier falls, Bitcoin won't be competing for billions of dollars. It'll be competing for a share of hundreds of trillions. And Bitcoin doesn't need all of it. It doesn't even need half. It doesn't even need 10 percent, because when an asset with a fixed supply starts competing for even a fraction of the largest pools of capital on earth, the math changes very quickly. The Clarity Act isn't Bitcoin. Bitcoin doesn't need permission from Congress to exist. But this political battle tells us something bigger. Maybe Washington finds another way to screw it up. It wouldn't be the first time. Today, one group supports it, another stopped fighting it, and the bill they said had no chance is still moving forward. They tried to stop it. Now they're getting out of the way. Now watch Cynthia Lummis absolutely destroy every argument against Bitcoin on the floor of Congress. Watch this.

**Cynthia Lummis** (4:02)
This is a pro-law enforcement bill, and it's also a pro-consumer bill. Consumers can now transmit money between them faster and cheaper than they can now. It provides a level playing field, regardless of whether you live in Rwanda or Queens, New York, about transmitting money faster and cheaper. It provides a woman who's trying to get out of a battered, miserable marriage, the opportunity to walk away with her money in her head. It provides people who are being tortured in foreign countries, the opportunity to walk away from that country with their money in their head, because Bitcoin can be memorized.