Bitcoin Already Won | Wall Street Just Doesn't Know It Yet! | Bitcoin Simply

**Dante Cook** (0:00)
For 15 years, Bitcoin was supposed to die. China controlled it. Politicians called it a scam. Banks laughed at it. The media said that governments would never allow it. And remember, the future was supposed to be central bank digital currencies. Government money, government surveillance, government control. Well, fast forward to today. Congress is about to pass the most important Bitcoin legislation in history. The Senate just voted to make a CBDC ban permanent. And for the first time, the United States isn't trying to stop Bitcoin. It's building its financial system around it with the Clarity Act. Today I'm going to show you why I think Bitcoin has already won. It's just not priced in yet.
This is Dante Cook of Bitcoin Simply.
Let's go.

**SPEAKER_3** (0:42)
Bitcoin. Who can ban it?
And the use of other electronic means of calculation. Who can ban it?

**Dante Cook** (0:52)
Let me translate that for you, for those of you who just listened to this. That was Vladimir Putin saying in Russian that no one can stop Bitcoin. No one. No one can stop it as a digital payment network. And that's always been the truth. But that's not what you've heard for the past 10 years. Every day the media highlighted something about Bitcoin being controlled by China. Always reusing clips of Jamie Dimon and Elizabeth Warren saying that it's just for criminals, fraudsters. Governments will outlaw it. It will never be accepted. For over a decade the conversation was how do we stop Bitcoin? And now the conversation is how do we regulate it? How do we create frameworks around it? How do we build on top of it? That's a very different conversation. And now we are on the very edge of the Clarity Act passing, which isn't about crypto. It's about the government surrendering to the fact that Bitcoin is the future.

**SPEAKER_4** (1:40)
Major bill designed to create a clear regulatory framework for digital assets could soon be heading to the Senate floor for a full vote in less than two hours. The Senate Banking Committee's markup process on the Clarity Act set to begin. Republican Senator Cynthia Lemus is here and she's the author and champion of that bill. She sits on the Senate Banking Committee as chair of the Digital Asset Subcommittee.
Good morning to you. Sounds like we're here. It's going to happen.

**Cynthia Lummis** (2:10)
That's a fact. We've been working for over nine months with Democrats trying to get this bill ready for today. It provides a regulatory framework that currently doesn't exist in the digital asset world. It's the Wild West out there.
And that allows fraudsters to operate without a regulatory framework to respond to their illicit activity. It also allows legitimate players to set up shop overseas because they do have regulatory frameworks. This is a way to bring this industry into the fold into the United States, make it strong, robust and serve the American consumer.

**SPEAKER_3** (2:53)
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.

**Dante Cook** (3:12)
That was Senator Lummis and CFTC Chair Mike Selleck. They're saying this thing has bipartisan support. It has to get over the line. The Clarity Act in my mind is nothing more than the government admitting that the future is already here. And either they get with it or they get left behind. Politicians don't suddenly love Bitcoin. They still can't control it. They're creating frameworks around it so that they can slow it down. But what they're actually doing is that they're seeding this idea of freedom money to 50 million Americans. The Clarity Act might just be the sly, roundabout way that people steal power from governments. Like Frederick Hayek said all these years ago.

**Friedrich Hayek** (3:46)
I don't believe that we should ever have a good money again before we take the thing out of the hands of government. We can't take them violently out of the hands of government. All we can do is buy some sly, roundabout way, introduce something so you can't stop.

**Dante Cook** (4:03)
A sly, roundabout way to remove power from the system is to remove their ability to create dollars out of thin air. Well, how do you do that? You borrow against collateral that you already have. And you can do that with Ledn. If you already own Bitcoin but don't want to sell your Bitcoin, borrow against it. You get fiat in your account in less than six hours and rate start at just half of what a credit card does. You stay sovereign and in a sly, roundabout way, you remove power from the system. No credit checks, application takes just two minutes. Get started with the QR code in the description. Remember CBDCs? When every headline said CBDCs are gonna come? We need programmable money, digital dollars, money that the government can surveil to stop criminals. It felt inevitable, but fast forward till today.