Full transcript of “XRP JUST IN!!! NO MORE MONEY IN THE BANK??? HISTORY MADE (ACT PASSES HOUSE) XRP ETF DELAYED AGAIN!!”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.
0:00 Holy smokes, it ain't no joke. Banks are frozen. The Genius Act just passed the Senate. Where does it go from here? And XRP or or Ripple vers the SEC uh filed another motion and the ETF got delayed again. Hello, beautiful people. Shalom. Money makers. Just got out of the bomb shelter. There was like a barrage of I don't know 15 20 missiles. So, we're probably good cuz they they usually do it like every few hours. So, we're good. I'm going to record this and then go try to get a few hours of sleep. Uh [Laughter] I just opened my uh I just opened my mouth.
0:47 Um so, I got um I got a few minutes. I'll I don't know if you can hear it. That's from my son's phone. Um, so out Okay, I turned that. Okay, I turned that. My phone's on silent. So the my son's phone is here next to me near me. It's not on silent. I'll record a little bit uh like three, four more minutes and then I'll go back to the bomb shelter again. Um, you know what? I'm gonna pause um and I'll I'll let's do let's do a few minutes. Okay. So, Trump uh we talked about this in the
1:34 earlier video. Uh he had us a call now with Netanyahu. We'll see what happens. Uh will they be entering will the US be entering the uh the war um with Iran? Um it seems like that's the the the direction. Um, Iran is uh saying that uh it's going to be history tonight that the world will remember for many years to come. We'll see what happens. Maybe it's what's going on now that there's a a lot of barges. Maybe um the barrage before was maybe the AI that is getting better learning, right? So there was it was intercepted. Um but we'll see. We'll see what happens. Um the market is uh down a little bit uh but not too bad. Uh
2:20 XRP is at 215. Bitcoin is at 104683. Um and uh we got news. I'm going to go through the news quick here. Uh we got news. Uh Justin, the SEC has delayed making a decision on the spot XRP filing proposed 1.4 trillion giant Frankle Templeton. It seems that's been moved till August. Um so that people were hoping that that would happen now. It's not happening right now for XRP. Um, this is one of the things I kept seeing on in in Twitter that the ETF was going to happen this week and the judge was going to happen this week, Judge Torres. Both seems not happening. Um, with that, we got an update. The Ripple has filed a supplemental letter in support of the
3:06 motion for an indictive ruling. Um, so that happened as well today. Um, so there's things that are moving uh right now uh for the crypto market. I'm just timing to see how many more minutes I have before the siren comes on. Um and so it will be interesting to see um how we, you know, get out of this. Will the court case finally be over and can XRP move into the next phase of its history, right? And so that's going to be very interesting to see how that plays out. But you know, the market is very delicate right now. Of course, we have the FOMC meeting minutes meeting tomorrow, the the speech And it seems that we're at a tipping point. Will the US join the party or will they not? Um, and how does the
3:52 market look at this? Um, historically markets freak out when conflicts start and then they recover after it. We've seen this in the Russia Ukraine conflict. We've seen this in the Israel uh Gaza war. We've seen this in other conflicts before. The market freaks out for a week or two and then it starts coming back up. This was the stock market. crypto market wasn't around for all of the conflicts in the past since WW2. Um, but there's been many conflicts and it always it always recovers because people get optimistic that it will be over and then the markets recover from that. Okay, so it will be interesting. Uh, the Genius Act has passed the Senate in a final vote of 68 to 30. Uh, now we go on to the house. Um, and so that is the next step and it seems that it has
4:37 the vote 68 to 30. It's is pretty wide margin. We'll see what what happens in the house. But for now, it seems that it's it has the juice uh to go by and uh it will be very interesting to see um you know what what happens in the next coming uh you know um weeks and days. I had a a quote here from the Treasury Secretary um talking about this. He says recent reporting projects that stable coins could grow into 3.7 trillion market by the end of the decade. That scenario becomes more likely with passage of the Genius Act. A thriving stable coin ecosystem will drive demand from the private sector uh for US treasuries which backs stable coins. The newfound demand could lower government borrowing costs and help reign in the national debt. It could also onramp
5:22 millions of new users across the globe to the dollarbased digital asset economy. It's a win-win for everyone involved, the private sector, the treasury, consumers. These are the fruit of smart pro- innovation legislation. So it will be interesting again to see if it goes through, how it goes through um and uh how it will affect the crypto market and the US uh you know in 5 to to 10 years uh from now. So that's going to be very interesting. Uh we also got news and this is uh coming from Iran uh that the Iranian banking system is down. No cash access at ATM, no AC, no online banking for Senate stateowned Steph Bank. Um it seems that this is the bank that most of the military guard used
6:09 there. It's not It seems according to what I'm reading is it could be that there's a hack um Israeli hacker group that did this. Um and of course this is one of the reminders of course that we that the banking system can be done. Listen, I'm not Oh, okay. I have to go. Looks like um again it was a a unfruitful uh event. Um but again they warned that it might be night to go down in history. So we'll see. Um again it was like 10 or 15 I think and they all got intercepted. Thank God for the the anti-missile um mechanism cuz if not it would have been
6:56 a lot of people that would have got hurt or been unal alived. Um, so tricky situation and uh, you know, uh, we'll see. We'll see where this goes. Um, while I was in the bomb shelter, by the way, um, Brad Garlinghouse just tweeted out about the stable coin act, so I wanted to bring it to you. Adding content while in the bomb shelter. Um, so Brad tweeted out, "For years, crypto companies have been calling on Congress to pass crypto legislations and set rules of the road. This is the first major financial bill since DoddFrank, the first crypto bill to pass in the Senate, which now moves on to the House. A truly historic moment. By the way, I'm seeing a lot of tweets from XRP accounts
7:44 and other accounts that are saying that the bill passed, right? And it seems like, oh, it's a law now." No, it still has to pass the house. Um, and so again, watch out with the fake news and all these accounts. There's a few of them that they are the biggest perpetrators out there. Um, and so just be careful of uh what you listen to, who you listen to, and of course uh you know, I'll never tell you to buy, to sell, or to hold because I don't know what the market is going to do and how the market is going to react to certain things. Uh, of course, not financial advice. Always do your own due diligence before decide to invest. Also remember that I'll never contact you on social media asking you to sign up to anything or to send me any money. Those are scammers. Please, please, please be very careful out there. Um, and we'll see going into
8:29 tomorrow. Tomorrow night actually is the FOMC meeting. Maybe we'll get tonight's updates about what uh President Trump's plans are. Um, so it's going to be it's going to be very interesting. Uh, while I was sitting in the bomb shelter, I thought that I wanted to share some thoughts with you. Um because people were asking me in the comment section or saying a I can't believe how you are doing this and you know making videos and and still you know talking about um you know the crypto market and XRP while all of this craziness is going on around you. Um and so listen the answer behind that is is two things. one I'm trying to keep uh the best of a routine that I can um so I'm you know trying to keep the
9:15 same hours as much as I can um which is not easy because now the kids came uh started learning on Zoom uh during the day so I have to facilitate that and so I can't be on the computer all the time and my little son is uh he's in kindergarten so he doesn't really have Zoom it's like a half an hour once a day maybe um so he has to be occupied Um, and so I'm trying my best to, you know, read the news and figure out what's going on. Uh, but also I don't want to be too occupied in all the noise and the news and everything that's going on. So I say to myself, okay, if I can detach myself a little bit because, you know, the algorithm is showing me right now two things. It's showing me crypto news a little bit NBA the finals and uh
10:03 what's going on here, right? Geopolitical stuff. And so if I wouldn't have the crypto side, I would just get sucked totally into the the political or the war side. Um, so it it's keeping me sane. It's keeping me in a routine and it's keeping me, you know, a little bit so I can just, you know, detach my brain uh from what's happening. Um, you know, I was s I was standing out the side before looking at where the missile fell um a few days ago and I was like, "Wow, that's really close." It's like I I you know I've um it's like a five minute walk from from where I live. So listen um we're in a situation where the people are strong here. We're trying to do as best as we can. Um but it's not an easy
10:50 situation. We all understand that this needs to happen to uh hopefully have a a world that our kids in the future will be safe. And so we're keep trying to keep them as safe as we can right now. um you know going to the bomb shelter, keeping safe um you know not uh doing things that can get us hurt and that's the only thing we can do. Uh but it will be very interesting. I'm I'm quiet because I left the bomb shelter door open people. So people like a he's uh he's sad or is he scared. No, it's just because I left the door open because it was already two in a row now. So I didn't want to close it and open and make noise and more noise if I had to go back in. Um so that's why I'm quiet. Um, so, uh, don't don't you know I I see
11:36 a lot of people are like, I'm obsessing with you, Avi, and I want to know that you are okay. That's why I'm giving you three videos a day. I'm trying to to, you know, update you as much as I can that everything's all right. Um, and so don't don't obsess too much over it. Be be, you know, if you're feeling a little bit overwhelmed by the situation and you're worried about me, go outside, breathe some air, do something fun. That's what we try to do. like you know do sport, do uh you know move your body a little bit, eat some chocolate, eat some good stuff. Like yesterday we went out and we got ordered pizza. Pizza is working like the people are working at the pizzeria because it's considered uh you know food is considered in the supermarket is considered uh uh that they have to work right. It's considered um I forgot the word in English um that
12:24 you know it's uh essential essential. Um, so the pizza was working and things like that. It breaks out of the the the mundane the routine because the kids are here and we're just like every single night and in the morning and again and it's like you're in this cycle. So it's very important to to do different things. Um, and so if you're feeling overwhelmed as well, uh those are just a little a little bit of a tips that from things that I have learned, right? So at least we can go out. It's not like during the pandemic you can go out. just you have to be careful and and they cut down the the the time to only 10 minutes now from the first uh um alert because it takes uh 12 minutes to get from Iran to Israel. So that's why so they give you 10 minutes uh prior to it, right?
13:09 Don't forget to beautiful smile, smash the like button, check out the links in description down below. Thank you for watching. I hope to see you next time. And like I always say, let's make a lot of money.