CLARITY ACT SHOWDOWN! ELIZABETH WARREN VS TRUMP ETHICS! BIG BITCOIN COLDCARD HACK!

**Tony Edward** (0:04)
Hey, folks, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in, please hit that subscribe button, as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please be sure to follow and leave a five-star rating. All right, folks, we got to start with the Clarity Act because time is running out, but we continue to see more folks are endorsing this bill, here today, we had the former CEO of UK's second largest bank, which is Barclays. He called on all of Wall Street to support the Clarity Act. He says, I think we are very close to passing it. We are working towards a successful Clarity Act, and he talked about how the bill would unlock innovation, which would be very, very good. So majority of Wall Street is on board. It's just Jamie Dimon and some of these banks, the smaller ones, the credit unions, the community banks are the only ones that are fighting it, for regards to stablecoin yield. But make no mistake about it, they all want, even Jamie Dimon and Jamie Morgan, for the bill to pass, where they get that legislative clarity, and they can start building more. They are already piloting and testing the waters a bit, but they can't go full production and pushing it out to the masses yet, because they need that regulatory clarity. The only thing, as we've talked about, is the stablecoin yield, which they're trying to get more on, even though they did get a compromise in the Senate Banking Committee. But I don't think that's going to be a major issue. I actually interviewed Cody Carbone of the Digital Chamber today. I'll be publishing that interview tomorrow morning. We talked about it. He doesn't anticipate that the banks are going to get more and that they're going to be able to put up any more roadblocks because they already got a compromise. However, the ethics issue is the big one, and Elizabeth Warren is on the attack. I mean, she's putting out a lot of propaganda, her and her cronies. Here Anthony Scaramucci said the following, Senator Tillis and Gallego have worked out a very strong bipartisan ethics provision. If the president of the United States ultimately signs off, which I think he will, who will stand in the way of clarity? If the Democrats or the GOPs who are in the pocket of the bank lobby stand in the way, they will regret it in November. Now, I've been talking about this. Crypto is ready to deploy the war chest.
If it's Democrats or Republicans who stand in the way, they're going to feel it in the elections.
Remember what happened in 2024 Now, I know it's a little bit different because people are not just voting towards crypto. They're voting for the economy and much more, everything that's going on. But still, this money is going to be used in many different ways.
It did not work well for the folks who are anti-crypto, especially the Democrats back in 2024 But if they want to follow Elizabeth Warren off the cliff again, just like they did in 2024, go ahead. They're going to get their butts handed to them come the elections once again.
So, as Anthony Scaramucci highlighted here, that updated draft is sitting in the White House. So, President Trump and his administration are reviewing it, and our hope is that he can sign off on it and the compromise, and come Monday, they can say, hey, this bill is ready to go. It can get voted on next week. Now, in my interview with Cody Carbone today, he did say we don't have enough time for this to go to the House. So, even if we get it out the Senate folks, that will be a major win. So, there are quite a few hurdles within the Senate, so hopefully they can fast track it. But if we get the major votes in the Senate, that will be very good. And he said, potentially, the House can vote on it in September when they come back and get it done quickly. And I don't anticipate the House is going to be a big deal because remember, they passed the version of this in the House last year, right, with over 10 Democrats supporting it. So, time is of the essence here. And let's hope the Senate can make some progress next week. Let's hope the President signs off on this ethics compromise. And we can get it done because Warren and many of her cronies are fighting really, really hard. And I love that Senator Cynthia Lummis is taking the gloves off. She started calling out Elizabeth Warren on X. Here's what she nicknamed her, Big Bank Beth.