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Welcome back to the show everybody check Out these headlines here this is Incredible the cftc digital asset Taxonomy they've got it figured out and It becomes a global footprint or Blueprint for digital assets we got that And so much more I think we're getting Very very close Now ladies and gentlemen Somebody roll that beautiful [Music] Intro [Applause] Digital perspectives with Brad KES come On [Applause] In welcome back to the show everybody You can follow us on Twitter and YouTube For exclusive content right now look at This $ 2.77 trillion doll market cap for Crypto to markets up 1.3% most people Look at the 1.3% they don't look at the 2.77 trillion that we're almost creeping Back to 3 trillion now out we were just Over 3 trillion at the cryptocurrency Market cap high this is why I'm showing This to you because we're almost backed At all-time high for crypto market cap But we're still 61 Cent something's Going to go off like a slingshot at some Point here 69,800 for Bitcoin right now and it's Looking at a new all-time high it looks Like to me and 3900 for ethereum here And 101 billion plus market cap for
Tether oh my oh my let's look at the Range of price on xrp very quickly here Before we get started ranging between 61 Cents and 62 cents that's more back to What we normally see as like a penny Spread one to two cent spread right so We'll keep an eye on it we know we're We're close to seeing something one way Or another we'll keep an eye on it but I'll tell you what else you're close to 53 days till xrp Las Vegas ladies and Gentlemen and let me tell you something Andy sheckman from Miles Franklin is Coming and going to be on stage with Lynette Zang and I don't mind telling You These are gold bugs you know this and Why are they coming to xrp Las Vegas Because they recognize that there is a Transition a moment coming a Transformation the new digital age is Coming and Gold's going to be a part of It and so is blockchain and distributed Ledger technology tokenization of alike We are going to have an incredible Conversation with them on stage and We're also going to have a fireside chat For which I will be sitting down And Discussing fireside chat Style with Chris Gian Carlo about the US dollar Dominance and how to protect the US Dollar as we move into the fourth Industrial Revolution you're not going To want to miss that conversation I can
Tell you that right now we've already Talked about the talking points let's Get into it get your ticket because let Me tell you something VIP sold out Already I know that the uh future of Digital asset benefit dinner is really Starting to go now too so make sure you Get your tickets for that as well And the book to Discount room link the The discount is built into this link Ladies and gentlemen there's not many More rooms left I think we have to cut Those rooms off uh I think like in April Some point so make sure you get your Room if you haven't done it there's a Link with a built-in discount right in It so get your ticket get your GA ticket It's going to be the most incredible Thing I'm telling you and it's not going To be a repeat of last year it's going To be very different so let's get Started Here these bank failures due to lack of Loans will be epic make certain to have Access to your funds plan ahead this is Excellent advice from Mr Man here the Bank term funding program we know is Going to end March 11th we are one day Away from that that is Tomorrow so look I mean how much longer Till we see this show up as bank Failures I don't know but we already saw Some last year so you know buckle Up there's a reason all this is
Happening now I don't need to play this Whole clip we know that Michael sailor Thinks anything but Bitcoin is a Security but we got news from Michael Sailor their case against the SEC this Is an an incredible uh event a very Important precedent of the SEC losing The biggest case that's been running for Years deeming that xrp and the trades And uh transactions that have occurred Are not Securities there you have it and It goes on in the video and shout out to Xrp drops it's a fantastic video but we Have a lot to cover today so we got to Keep moving give all of them a follow And uh I want to set the tone to remind You that xrp in and of itself is not a Security okay now let's hear from Perryan boring here who's talking to Tony from thinking crypto shout out to Both of them and she says she's gone From a 5050 chance of getting stable Coin Bill done to like 75% now what do you is your outlook uh Do you think we get stable coin Regulation at least this year or the Election is just too messy right Now so my prediction or my guess that Before Janet yellen's testimony on Stable coin Bill becoming law was like 5050 it's a coin toss I it it's you know It seems that a deal has been made Between Democrats and Republicans on the Bill that's the hardest thing so if you
Can get that you likely can move it Through the legislative process um but What's complicated for stable coin bill Is that stable coins is not the priority Of Congress today I mean if you just you Know spend five minutes looking at the Mainstream media we've got a border Crisis we're involved in multiple Wars Right there's like just big the Government is not properly funded They're fighting about much bigger Things and that's taking time on the Legislative calendar so is stable coins Going to be a high enough priority that They can fit it into the calendar to get It done 5050 shot but after secretary Yellen testified just a couple of weeks Ago she called to get a stable stable Coin Bill done which that to me I would Say that's going to help increase that Prioritization of a stable coin bill so I'm now at like a 75% chance of getting It done there's no there's no for sure That's going to happen there's just so Many factors that go into what gets on The legislative calendar every day they In session um but it is looking pretty Optimistic and again the hardest thing Is just to get you know the politics all Aligned House and Senate Democrats Republicans and the White House um or The administration and uh and that stuff Appears to be in line so can it move uh We will know soon we will know soon now
Listen shout out to Perry and borne for Going out on a limb and saying the Percentages she beli it will be now we Can't hold her feet to the fire but we Do appreciate the fact that that is the Sentiment and the way she she's gauging Where things are I want to remind you That obviously Janet Yellen is obviously The head of the treasury but she's also The head of fso and remember fso doesn't Need if they don't want to they if they Can deem it to be a Financial Risk to The system they could make regulation Without congress's approval write it Down that's the point that fock was Created through the dod Frank act right So with that being said I hope that Congress does it because you know it is Why they're there it is their job and I Know that there's a lot of issues in Front of Congress right now as well However stablecoin bill is a very very Important bill and we're going to talk About why it's so important right now One I want to tell you about this this Is taxonomy right here the digital Taxonomy motion is accepted by the Global markets advisory committee the GAC Global cooperation on digital asset Taxonomy is a big step forward and it is I don't know if you guys remember this But you know back in the day Big Skinny Would always tell me he says I know it's Not sexy but if you ain't got taxes
Figured out on a global stage this thing Ain't Happening well it looks like they've got That figured out that's what this looks Like to me so this is hugely exciting Right here and I want to take you Through the layout this is a soft Outline right here a guide okay this is Taxonomy could guide future Regulatory And policy decisions so you could see They break down the digital asset type Instrument type and instrument so now You got this and this is money and money Like digital assets and inside of that Is everything from cbdcs wholesale or Retail tokenized deposits Bank deposits Deposit tokens Reserve back uh digital Currencies Reserve back digital Currencies here and it says uh stable Coin you can see and then Financial Digital assets tokenized Securities or a Digital which are digital twin of the Actual physical instrument right Security token digital native tokenized Derivative is a digital twin you get the Rest of it right then alternative Digital assets here and it shows here Commodities carbon credits tokenized Real Estate another digital twin Instrument right and then crypto asset This is exciting because we're starting To see how Regulators View the different Use cases of these assets this is where We need to be because it starts to
Really Define exactly what is what we're Getting categories now it's not up to Gary gendler to come out and say Something vague and then just claim the Entire Market is underneath a his Purview that's why I'm so excited here And you should be too let's go on Through this so crypto assets I.E Bitcoin and ether they're non-redeemable Digital native token with no rights Conferred by the issuer that's what We're looking at there meme coins fall Under the same thing crypto assets and I Have said over and over and over since The bis has told us of the categories That they talked about we better hope That xrp does not fall in this category Because I think it would be harmful for The banks in using it as imp Payments functional digital assets are Rewards or governance tokens functional Digital a assets right cannot be Exchanged for Value provider's owner With a specific utility right this could Be uh uh what do they call it uh reward Points right airline miles things of That nature we're given as an example in The in the in the videos settlement Controllable electronic record this is a Settlement token not a deposit or Financial instrument often temporary Solely to transfer or record owner Ership or perform other middleback Office Financial functions now this is
Interesting now let's keep going here Because I want to show you this is the Bis what they came out with late last Year which we looked at and said group One right is where they talk about Tokenized traditional assets that's Stocks bonds things of that nature right Derivatives group 1B is the crypto asset Stabilization mechanism I.E stable coins But what it says here new guidance on Application of current rules to capture The risk relating to stabilization Mechanisms with further consideration For Capital add-ons and then they show The example of Bitcoin and a 1,50% Weight risk average you do not want to Be used for payments if this is the Category you're falling under banks will Be like I'm not going to hold 150% above What I need to hold to make payments That was put into discourage Banks from Even touching this stuff that's why it's So high of a weight risk Right this is getting exciting to me Ladies and gentlemen because here's the 9 minute 30 second video which breathe a S relief I'm not going to play it but I'm going to take you through some of These segments you could see here the Stable coins category here and if I Could just because I'm curious of how All of this comes out someday in the Future here stable coins privately Issued money digital tokens that aim to
Maintain a stable value relative to a Peg specific by a reference asset and Designed to minimize value fluctuations Relative to these reference assets they Are not issued by a central bank they Must also be at least fully backed one By one or more assets specified under The specific regulatory framework Including cash to one or a combination Of fiat currency Securities lowrisk High Liquidity Securities such as those Classified as high quality liquid assets So you know when I'm seeing this the Door is open here and we understand that The automated Market maker vote just Passed and what is its job it's a Stabilization Mechanism uhhuh it helps to eliminate The Arbitrage and the slippage by Tightening the range making it more Reliable as a store of value because we Already know it works very well as a Medium of exchange and a unit of Account if you can make it more reliable Store of value by the price not moving Around as much then you have done the Job haven't you so this is going to get Very very interesting ladies and Gentlemen as we move forward here uh I Am super excited about this but let me Tell you I'm way excited because I want To show you this this is from a a years Ago probably 2018 2019 time frame maybe 27 but this is David andado from the US
Federal Reserve and St Louis at the time And I want to show you this because he's Going to mention delegating settlement Through a PO third party like Ripple Yes yes take a listen here that is People say how can you trust you know The FED to do the booking I mean I mean Like I said my response is you don't Expect the FED to kind of steal your Money I mean if the fed the FED can Print all the money at once it's not Going to like mess around with the book Even so you know we have this this big Uh spreadsheet you know the blockchain If you want but it's just managed by the Fed and it's very cheap much cheaper Than Bitcoin uh if you're willing to Delegate the responsibility to a third Party um and and but then the the Downsides to all of that of course is is Uh you know some you know you'd actually Suppose you you didn't want the FED to Be uh uh responsible for processing the Payments I mean suppose you know the the FED will likely impose some kyc Restrictions on on some purchases they Might not process some purchases that You might might want to undertake um and So it was at that point that I said well You know we could if we wanted to extend The concept one step further listen uh I'm not saying that this is ever going To happen but just conceptually you
Could imagine not fed wire for all but Kind of like a fedcoin where what the FED would do is actually just issue These uh you know bitcoin-like objects But um and and they would enforce a a Par exchange rate with the US dollar That would eliminate the exchange rate Volatility listen what he just Said uh you know Bitcoin like objects But um and and they would enforce a a Par exchange rate with the US dollar That would eliminate the exchange rate Volatility a par exchange rate that you Know what I interpret that to mean we Could set a price tied and pegged to a US dollar amount a $10 bill a $50 bill a $200 bill they can make up the currency Amount right a $500 bill based on Liquidity listen keep listening uh but They could delegate the the clearing of These payments to some third party you Know some sort of Ripple like protocol Or possibly uh and then he goes on to Say Bitcoin which we know that's not Going to happen right but like a ripple Likee protocol that's the same guy that Also wrote the fedcoin R3 report and Talked about the idea of using an Alternative way to create fedcoin would Be to Pre-allocate the entire Supply of tokens Say 100 trillion fedcoin this block Would immediately be awarded to the Central bank to be held in reserve until
They are required Ripple set the Precedent for 100% pre-allocation yes They did at its Inception the entire 100 Billion supply of xrp uh was created Outright and and retained by Ripple Labs While the rest was auctioned off or Given away as a reduction in the supply The central bank can store Surplus Crypto coins in its vaults H makes you Wonder what all those 1,700 contracts Are for and who they actually went to Cuz we know that they pre-allocated xrp That's what the option contracts are who They're to we don't know how much They're for we still don't know but you Know what we're not supposed to know Everything because we're retail Investors right as much as it does with Deposited Bank notes that are still fit For a second go around pre-allocating Simplifies security requirements as no One has the ability to issue fed coins However it is exceedingly difficult to Change the supply later if demand is Underestimated a new coin say fedcoin 2.0 would have to be issued in order to Complement the exhausted supply of Fedcoin 1.0 right which simply saying You know they could decide to go forward With the actual Federal Reserve note or They maybe they create a second fed note Maybe it's a US treasury note that we've Heard people talk about how does the Central Bank put those coins into the
Economy it swaps fed coins for notes on Demand at a fixed rate which tells me if In this scenario that I'm thinking and I'm G tell you we're gonna have this Talk we're g to have this talk with Christian Carlo on stage at xrp Las Vegas you wait we're going to talk about The idea of using a cash in cash out Mechanism for introducing fedcoin a Central bank ensures that the combined Quantity of Bank notes in fedcoin remain Uneffective so essentially as Ana Describes it This is what he says the setup means That fedcoin functions just like a uh Another currency denomination for Example if the Federal Reserve were to Introduce a $200 bill which currently Doesn't exist for example it would set a Two to one peg between the $100 bill Four to one peg to the $50 bill and a 200 to one peg between the $1 bill and Based on liquidity and utility moving to The xrp Ledger and the use of the of the Decks the decentralized exchange this is How the Federal Reserve and the US Treasury could work together to make Sure that the United States dollar is Dominant for the next 150 years without Needing the Petro dollar Agreement take a walk Saudi Arabia we Don't need you right that's what I see Coming call me crazy but this is what I See coming the US dollar is at 80 years
In its lifespan as the world Reserve Currency Portugal and Netherlands went Down at 80 years when they served as the World Reserve Currency how much longer does the US Dollar have knowing that Saudi Arabia Has joined bricks and they're currently Unwinding that position in that Agreement right Now I'm not an expert but I know this You don't have forever now we're going Into the freedom Zone and today we're Going to continue this conversation with Even more evidence that something is Absolutely coming here ladies and Gentlemen and involves censorship and You won't believe it but we're going to Get into it here and shout out to Digital asset investor who discovered This shared it with his private group Yesterday and I'm going to share with You today and it is absolutely crucial That you understand this information and What's taking place because I believe That this is the narrative that they Don't want anybody talking about they Want you to talk about Sheba enu and all These meme coins and things of this Nature they don't want you talking about The real reason that Ripple and xrp were Brought to this world But we're going to today it's not Financial advice from me or anyone else Come on in the freedom Zone dig
Prospectives decom we're getting started Right Now all
