Bitcoin's Biggest Bill Is in Trouble - Trump Has 20 Days to Save It

**Scott Melker** (0:31)
Bitcoin's biggest bill, the Clarity Act, may be in trouble with only about 20 days left to get it passed. It's getting so urgent that President Trump himself is meeting with senators today to discuss the non-discussed, that he shall not discuss or mention, ethics clause that everybody's been waiting to see. That's just one thing we're discussing today. I've got Nico Lechuga here from Ego Death, but now from Orange Juice, to discuss exactly what they're building and doing. You guys don't want to miss this one, even though it's about 30 minutes late. Let's go.
Good morning everybody, what is up? I hope you're all having an absolutely stupendous day. We were having some major glitches going on, but we were able to get a stream back up and online. So hope you guys are here. I'm gonna go ahead and bring on Nico now. Good morning sir, how are ya?
Hopefully you can hear us. You're muted, you can't hear me?
I'm gonna start talking about Trump, and we'll make sure that Nico can hear us. He could hear us before. Perfect. This aligns exactly with how I would anticipate it to go based on the morning. So Nico, I'm gonna pull you off while watching if you give me a thumbs up and you can hear, you'll just let me know. Hopefully he can get that sorted. Right now, the big story of the day is clearly this one. Trump to meet with senators over Clarity Act on Thursday. As I mentioned there in the intro, sentiment is clear that we only have about 20 days before the August recess to hopefully get the Clarity Act passed. For those who believe that that's still on the table, I think the odds are still strongly against it, but anything can happen. Just like I kind of joke, you can have pocket aces and go all in in poker, and you have a 95 percent chance of winning, and then you can lose. Well, I think the people who are against the Clarity Act right now have pocket aces. But clearly, it's become a big enough issue, the ethics clause that I've been talking about this whole time, that President Trump himself is going to meet with senators, as you can see here in this article. I have no idea if this will actually get done, but there is some optimism that they're going to present to him where it currently stands and what the path is to success for this bill over the next 20 days and we will see if they can manage to get it done. So that is the biggest story of the day. Hopefully, Nico, I think he signed off. He's signing back on. Hopefully, he can hear. So I guess we will just keep kicking it until he appears. Can you hear me?

**Nico Lechuga** (3:36)
Yeah, I can hear you. Can you hear me?

**Scott Melker** (3:38)
The best day of my life.

**Nico Lechuga** (3:40)
Technical difficulties, right?

**Scott Melker** (3:41)
Save me.

**Nico Lechuga** (3:43)
My life.

**Scott Melker** (3:44)
All right. So listen, there's a whatever. There's all this stuff, but I want to talk about what you guys are doing because I find it really incredible and you announced it yesterday. So here, I mean, I can bring up your tweet here. We're very advanced technology here. I can show your tweets. Building a business takes decades. Founders deserve more than one path when it's time to transition ownership. That's why for over a year, Jeff Booth, all the names, Jeff and Lynn and Ruben and all Adrian and everybody here is building Orange Juice. You and I have been talking about this for a little while.
Maybe just break it down. Obviously, people see the big names there and they get excited.

**Nico Lechuga** (4:21)
Yeah. So you and I, like I hinted on this, the last time you and I were talking, I think with the digital asset treasury companies. One of the things that we were talking about was that we particularly see is super compelling, and with business in general, like anybody that has any degree of business background, like businesses have to make money.
From that standpoint, we had started this, there was a kernel of an idea about 18 months ago of, what if you went after these businesses that are good businesses, but they're at a point of stasis, they're not growing. So they're not really targets for private equity, they're completely uncorrelated with anything in the Bitcoin space. And generally, these are family run businesses that have been held in the family for decades. They have good margins, they're probably making like three to seven million dollars in EBITDA. And they're not ready to fully transition, but they're looking for like the, to offload some of the risk of their business. And so what does that look like? Well, in us like building this bridge for tomorrow, what we came up with was Orange Juice. So they, we acquire their businesses for part cash and part equity.