You Won't Believe The TRUTH About the Clarity Act CANCELLATION [FULL BREAKDOWN] | EP 1593

Nico Moran (0:01)

The Clarity Act officially failed yesterday after only about like 30 minutes of discussion. But Bitcoin couldn't even break below $75,000, which to me is kind of bullish. However, we got some new information this morning suggesting that the Clarity Act battle might not be over yet. After all, if you remember what happened with the Genius Act, this is exactly what happened to get the Genius Act passed. And surprising everyone in 2025 So before I break this all down for you guys, let's listen to this clip of Senator also Brooke, who was one of the co-sponsors of the bill on why the Clarity Act failed.

It's actually pretty telling.

SPEAKER_2 (0:49)

I am one of the lead sponsors of the Clarity Act. I was also there on Genius, because I believe that this is an industry that absolutely positively has to be regulated and has to protect consumers. I've been very clear all along that, you know, there is no way that we're going to put our head in the sand and pretend that crypto isn't here. We have close to 70 million Americans who already own cryptocurrency. So it's very important that we regulate this industry. And I've been clear about that all along. We also have to make sure that innovation continues to grow. But what we must do, and I was clear about this, is have very clear ethics in place to prevent the grift and the corruption that we have seen from this administration from growing. I was abundantly clear that I would never support a proposal that allowed the president to continue the grift and the corruption without being checked. It's a very sad thing that they just didn't have the moral fortitude to hold this president accountable for the grift and corruption. Divestment is what was required.

I was also very clear that we wanted to make sure that the Department of Justice was not the sole enforcer of violations, that we wanted to have the state attorneys, generals, able to do that enforcement as well, if the Department of Justice, because we've seen they have become a complete joke, making sure they're so un-serious, we wanted to make sure we had that additional protection.

Mauricio (2:14)

You sacrificed, I guess, the perfect for, I don't know, this is about Trump, and we're not going to get a clarity act passed. The overall crypto, as important as it all is, you and Democrats are willing to hold it back to prove a point about Trump's corruption.

SPEAKER_2 (2:32)

No, actually Republicans are holding us back.

Nico Moran (2:37)

Oh, man.

Amazing, amazing. As predicted, guys. And you guys were in the chat yesterday, you guys were in the chat yesterday, like clickbait fake news. It's like, guys, it's very obvious what's going on, and literally 30 minutes of discussion, and we were proven right. Listen, guys, I've been telling you this. Simply Bitcoin is tomorrow's Bitcoin news today.

Our geopolitical analysis on Bitcoin throughout the six years that we've been on air has been incredibly accurate. Like we've been significantly more right on these things than we have been wrong. And yesterday was no different. And I told you guys, the reason that this thing wasn't even going to get past as much as she's hedging. And you have to understand why she's hedging. She's hedging because a large part of the Democratic Party's constituents are pro Bitcoin slash pro crypto. But you have to understand what they want. They had no intention of passing this, but they have to communicate to their voters that they had an intention of passing this. So what is the perfect scapegoat? Which, as much as I voted for Trump, and I will continue to support the GOP, because again, it's a pro Bitcoin anti-CBDC party at the moment, Trump played right into their hands. And the way that he played right into their hands was with the launch of the meme coin. It was with the fact that when the financial disclosures were released, Trump made a fortune in 2025, while the rest of the industry wasn't doing so hot. And then obviously, that gives the Democrats the perfect justification, the perfect reasoning as to say, oh, actually, the reason we don't want this thing to pass in the United States is because of ethics. It's because of insider trading. No, no, no, no, no, no.

I tweeted this out last night, and I'm going to say it again. The Democrats have not changed their stance on the Bitcoin industry since the previous election. Full stop. The previous election, they got smoked. They lost the executive branch, they lost the House, and they lost the Senate. They understand that it is politically untenable to keep the stance of Elizabeth Warren's famous rhetorical election slogan of building an anti-crypto army. That's not going to work anymore. So what are they focusing on? They're saying, oh, we actually want to protect consumers from Trump's corruption. That plays perfectly into their voter base, because what do you think is going to happen when the Democrats take the House in November? Investigations and subpoenas are going to start flying everywhere. Essentially reinforcing this idea that the Trump administration was one of the most corrupt administrations in presidential history, where, guys, if you look at the Biden administration, if you look at the Obama administration, I mean, it's like, it's a recurring pattern with every single administration. I'm not saying that there's corruption in either of them, but what is abundantly clear is that every administration, whether it's Republican or Democrat, has continued to work with the banks in lockstep at the expense of the American people. So you can't single out Trump and say, hey, wait a second, it's specifically the Trump administration that has all of this corruption. I mean, remember what happened with the Twitter files that were released when Elon acquired X? Like, I mean, that was one of the biggest relevations that I've ever seen. Like, it came out that the US government was essentially telling social media platforms to censor the free speech of Americans. Like, if that is not a huge red flag, if that is not a huge like, oh my god moment, like, you know, if that is not a form of corruption, I don't know what is, right? So you can't say that it's, you can't point out specifically to the Trump administration and say, oh, Trump is specifically the most corrupt. I mean, let's not even talk about Nancy Pelosi's, the best trader on planet Earth. Let's not even talk about that. I don't know. I think Trump might take them in. Yeah, exactly. Right. So let's not even talk about that. Right. So the, you know, the and I want to be careful with the with the wording and rhetoric here. The supposed insider trading, if it is happening, guys, this is not happening in a vacuum. This is not happening on just the Republican side. This is happening. If it is happening, it's happening everywhere. Okay. That's just how it is. And the incentive structure incentivizes that sort of outcome and that sort of behavior. So, yes, what's the takeaway here? The takeaway here is the Democrats have not changed their stance on Bitcoin since the previous administration. Full stop. Keep that in mind when you head into the midterms, if you are going to vote in the midterms.