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Well, there's been a compromise and so you know it's a true compromise because both sides left a little bit unhappy. I think there was some progress on Clarity Act even last night. The Senate Banking Committee finally moving forward with the House passed Clarity Act. A markup vote scheduled tomorrow for the crypto framework legislation. It's happening. Crypto's market structure bill, the Clarity Act. The legislation that could truly be the catalyst for crypto's next biggest bull market. If the clarity act gets passed, we will view its passage in the future.
We'll look back and say that was the market bottom. Although we're kind of already having seen the market bottom is officially scheduled for tomorrow. The markup vote in the Senate. More than 100 amendments have been filed. Nine major changes have been made. The bill is stronger than ever. It's bipartisan. Uh it's ready to go to markup. If you hold crypto, this affects you. The events that happen tomorrow in the Senate vote, will have a major effect on crypto holders, you, me, this is historic. And Coinbase CEO Brian Armstrong tells Fox Business there has been a compromise on the Bitcoin and crypto market structure bill, clearing
the way for it to finally pass in the Senate. And so on this stable coin rewards issue in particular, we met the asks of the bank lobby and the Senate and they said they don't want to have any rewards paid on idle balances. And so we came up with this compromise or concession uh that rewards could be paid as long as there was some sort of material activity on the account like a payment or a trade that had taken place. And I've got to give a lot of credit to Senators also Brooks and Tillis and their staff who worked tirelessly on this to bring both sides together and reach this compromise. Uh I think it's in the best place that we've seen so far. And the other issues that I brought up in January have also been
resolved. And so at this point, we're ready to support a markup later this week. So you're you're expecting the markup Thursday. That's correct. So three things to keep in mind. Number one, while over a hundred amendments have been filed, most will not pass. Most of the proposed changes were actually submitted by Democratic lawmakers, including more than 40 amendments from Senator Elizabeth Warren. For example, there was a conflict of interest amendment that's trying to be added in. Senate Democrats like Senator Christian Gillibrand are unlikely to back the bill unless it includes something about preventing top government officials and their families, including President Trump, from being involved in the crypto business. Brian.
And because at least for this year, the Republicans still control the Senate, still control the House, most of these changes are moot because the Democrats don't have the majority. So, the Clarity Act will pass. The bill is strong. The other issues with the bill besides the yield on stable coins, which has been worked out, a compromise was reached, was about DeFi, was about tokenization. All of this has been rewarded to the positive. At least something we can all live with. And you know it was a good compromise because both sides left a little bit unhappy but at least we got to a place that we can all live with.
And then of course the other issues which I mentioned in my expost back in January that were problematic in the prior draft. Things like DeFi and tokenized equities and CFTC authority. These have all been improved and fixed from our point of view. And so the bill is stronger than ever. The Clarity Act is about to create a massive flywheel effect for crypto. I want to share with you this clip from legendary investor Rick Edelman. But anybody who watched our video from a few weeks ago, XRP holders, this changes everything. You understand what's coming. OKX, which is a massive crypto exchange. They have over 120 million users globally and growing. They're a partner of this channel, recently
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I loved this. I want to share this with you. Legendary investor Rick Edelman just this week says Clarity Act will create a massive flywheel effect for crypto. Anybody can say it, but Rick explains why. If the Clarity Act gets passed, we will view its passage in the future. We'll look back and say that was the market bottom. Although we're kind of already having seen the market bottom with Bitcoin now already over 80,000 from its low of 63. Uh, I think that'll be a key point because that's going to be remembered as the day that Wall Street got the green light to go forward in its engagement in crypto. And when that happens and you begin to see more and more Wall Street firms engaging the
way Morgan Stanley has already done, I mean, just think about this. The firm manages $7 trillion. They've just told their 16,000 adviserss to allocate two or three% of their portfolios to crypto. Well, 3% of 7 trillion dollar is going to cause Bitcoin's price to rise massively. And when that happens, it's going to create a flywheel effect, which is what we've seen happen in Bitcoin prices historically when their bull markets have engaged. So, I would not at all be surprised to see Bitcoin end the year above 150,000. And while most media is acting like tomorrow is the final vote, tomorrow is not the end all beall final vote. It is the vote in the Senate Banking Committee. It also then has to get
approved by the Senate Agricultural Committee before it officially gets passed in the Senate. There's a role here for both Senate Banking and Senate A. Um, Senate a already had their markup earlier this year and it did pass. Now, if the Senate Banking Committee goes through later this week, then it's goes to the full Senate floor and nobody can see the future. I have no clue what the price of Bitcoin will do tomorrow and neither do you. But the passing of the Clarity Act, which right now the president has publicly said he's aiming to sign the bill into law on July 4th, is a huge fundamental shift for crypto. We have grown the last 16 years plus as a scourge on traditional finance in the largest financial market in the
world, America. And now we're finally regulated. Big money can finally get in. XRP, I believe, is going to do well. Ethereum, Solana, I believe, is going to do well. Investor Michael Turpin is betting on Bitcoin and also AI altcoins outperforming Bitcoin like Tao, like Venice. since the last 90 days. The Venice token VVV is up uh 500%. Went from like $2 to almost $10. Um you also have uh you know other ones like Bit Tensor has doubled. Um and that's still nowhere near its high from the last time. I believe that uh you know the AI tokens are going to be are going to outperform Bitcoin in the next three years um the top ones at least and that a lot of those gains will then roll back
um into Bitcoin and increase if you have new money coming into the AI tokens that's from outside of the system and then eventually when someone sells they put into Bitcoin. This is not the end. This is the beginning. The Crypto Clarity Act is not the end. It's the beginning. I encourage you to join us at Altcoin Daily with our goal of hitting 1.7 million subscribers by the end of the year. It's completely free. It cost you nothing. And there's never been a better time in history to learn a little bit more about crypto every
