Trump's 3 Crypto Bills Change EVERYTHING: Full Details GENIUS Act, CBDC Act, and CLARITY Act

Well, it's official. By a vote of 215 to

211, the three crypto bills have passed

the procedural hurdles to finally get

signed into law. We're going to break

down exactly what is in these three

different legislative texts so you know

what your congressmen and women are

doing for you other than, as I always

say, enriching themselves. Let's

actually talk about what these bills do

and practically what they mean. This,

keep in mind, is very different from the

recisions package. You might hear these

fancy talks about $9 billion of

recisions packages. These are sitting

with the Senate and House. The Senate

just passed the $9 billion last night

with JD Vance being the tiebreaker vote.

McConnell and Marcowsky voting against

the recisions package. Uh there were

cuts in this recisions package to

basically save $9 billion of expenses,

which is really a drop in the bucket

compared to the trillions of dollars

that we just uh are increasing our debt

by via the big beautiful bill about $3.2

trillion over the next 10 years. But

hey, at least it uh accomplishes some

other priorities such as potentially

defunding the Corporation for Public

Broadcasting, which would limit funding

for NPR and PBS from the federal

government, a big proponent of uh

right-wingers and as well as the Trump

administration. That recision package is

separate from these three crypto bills.

I just want to keep that clear. Even

though there's talk about these at the

same time, it feels like they're

related. They're totally separate. Now,

we have three individual legislative

texts for crypto week. The first is the

Genius Act. The second is the Clarity

Act and the third is the anti-CBDC

surveillance act. Let's go through them

one by one. The Genius Act. The Genius

Act basically tries to prevent a Terra

Luna style collapse which wiped out over

45 billion dollar instantly. Well,

instantly it was like within a week as

their algorithmic stable coin collapsed.

That's because stable coins really

haven't been regulated. There hasn't

been any regulation for hey, who says

that Tether actually has the treasury

reserves they say they do? Because

remember a lot of these stable coins

they say hey you should use USDC you

know like a circle stable coin or you

should use US tether or you should use

teraluna or whatever to collect a yield

and don't worry this is all backed by

underlying assets. Trust us bro

is there hasn't been a standard for

transparency and audits. Even Binance's

CZ has been quite dodgy in the past

about auditing the actual proof of

reserves for stable coins or the

underlying broker dealer functions at

Binance. Now, so far we've seen FTX and

Teral Luna collapse and maybe because

they collapsed, they took a lot of froth

out of the market that ended up saving

other companies that didn't collapse.

though, you know, obviously we've seen

Voyager or uh, you know, BlockFi, a lot

of companies, you know, went down during

the last oopsy doopsies in crypto. But

the point of this is to say that if

somebody's going to say we have a stable

coin,

the law mandates full reserves,

transparency around those full reserves,

audits for those full reserves, and

mandates both federal and state

oversight. That's a big deal because you

have not only potentially the SEC or

federal regulators watching, but you

also have state regulators such as in

California, the DFBI who can then

regulate stable coin transactions in the

state. But they're private stable coins.

So stable coins that could be put

together between partnerships such as

Walmart and Amazon or JP Morgan's stable

coin project that they're working on

with Coinbase or the Visa and Mastercard

stable coin projects. Ultimately, there

probably won't just be two to three

major stable coin providers in the

future. We'll probably have hundreds of

different stable coin providers. And I

personally think stable coins in the

longer term will be a very audited,

fully reserved, transparent commodity

and the Genius Act does that. It it

helps provide rails for this. Now, that

doesn't mean that you can't make money

speculating on, for example, Circle in

the meantime. Circle is really, really

excited that this stable coin

legislation is passing. Now, keep in

mind when Circle IPOed, we pitched on on

the channel and in our alpha reports

that this is going to have major

momentum uh just like the coreweave IPO

and it did. It went from 64 to $300.

Since then, the momentum has relaxed.

And even though we're getting momentum

now, in my opinion, the euphoric rally

that we had up here is unlikely to

repeat itself. And it's probable that

we're going to see a lot of this sort of

circle valuation bleed out over time.

Point one, because volumes are declining

in the security. Point two, because the

sex appeal of the momentum and these

all-time highs from IPO are fading. Yes,

we're seeing excitement today, which is

great. I think it'll probably unlock

some profit taking though. Now, keep in

mind I give pointers like this and I

give these projections. Obviously, it

can't guarantee, but I do this every day

in the course member live streams and in

our alpha report, such as over the last

few weeks, I've been promoting Open

Door, which has turned into a massive

rocket ship. Now, both of these

companies, I think, will fall in the

longer term, mostly because I think

stable coins will become a commodity and

limit some of the profitability of a

company like Circle. That'll take about

two years. And Open Door regularly does

this thing where it goes from like a

dollar to $2 just on momentum because

it's a $600 million company. It doesn't

take a lot of volume to move it. So, it

tends to be an easy trade. And this

morning before the market opened, I

suggested today might be yet another one

of those days. And sure enough, look,

we're up 34%

on the day, a substantial portion of

that after we talked about it. So, if

you want to be part of that, make sure

you go to meet Kevin.com, join the alpha

report. You pay once, you get lifetime

access. So if in 5 years there's another

open door I got to talk about or we just

talk about open door again, you want to

be a part of that, join it over at

mekevin.com. So that's the genius act.

Uh you know this, in my opinion is a

good thing because it broadens

commercial access for not just banks but

also private issuers for stable coins.

This is by the way in contrast with a

CBDC. Now, it's unclear if people hate

CBDC's because they hate the government

and they hate the Federal Reserve or if

there are so many private interests that

have kind of lobbyed and manipulated us

to go CBDC bad because frankly there's a

lot of money to be made in private

stable coins. Either way, the vast

majority of people hate the idea of a

centralbacked digital currency. Now,

why? Because people think that the

federal government, which frankly they

probably would, would surveil all of our

stable coin transactions backed by some

form of a stable coin dollar. The only

real upside you could think of when you

think of a CBDC or central bank central

central bank digital currency, the only

real upside you could see here is that

the actual stable coin could potentially

be backed by the full faith and credit

of the United States for whatever that's

worth. Whereas a private stable coin

says, "Hey, our representation of this

token is backed in reserve somewhere by

the dollar or a US treasury note which

is backed by the full faith and credit

of the United States." So you're kind of

like one party removed. And that's how

Ter Luna collapsed, right? Because you

have counterparty risk. like it's not

just the risk of the government, it's

the risk of the counterparty, the entity

putting together that stable coin, which

in the case of Kerala, Teraluna

collapse. But again, that's what the CB

the uh genius legislation is trying to

solve by saying, don't worry, we'll just

audit all the reserves and give you a

thumbs up and then private companies can

keep making a lot of money. Now, you

have to understand this, the crypto

lobby is huge. In fact, there's a pack

called the Fair Shake Political Action

Committee. They are a crypto pack and

they conveniently this week, I think it

was yesterday, announced, hey, uh just

saying just just going to put this out

into the universe.

We have $141

million war chest and we will use that

to promote politicians we like. That's

basically a way of saying,

"Listen, jackasses, you need to vote for

our crypto legislation or we will defund

the crap or run against you candidates

who support us in the 2026 election and

we will primary your ass unless you do

exactly what we want.

It's just the translation.

So, this crypto pack is really powerful

and wow, what a surprise. Who funds the

Fair Shake Pack? Well, in the $52

million that Fairshake raised in the

last 6 months, Coinbase contributed

almost half of it. But wait a minute,

why would Coinbase contribute so much

money to the Fair Shake Pack, which is

promoting so much the stable coin

regulation? Oh, because remember what I

said earlier? Coinbase is partnering

with JP Morgan to launch their own

private stable coin so they could try to

make some money like Circle's making

money.

See how it all connects? The dots just

line up. It's perfect. Everybody makes

money is the idea because it's always

about money. Now the clarity act is also

very useful. This is a little bit more

detailed. Uh but it's really important

to understand the difference between

Bitcoin, Ethereum, and if you own rental

property and haven't yet started using

Turbo Tenant, you might be leaving some

money on the table and adding way too

much stress to your life. Between

chasing rent, screening tenants, and

managing leases, it's a mess if you

don't have the right tools. And that's

why Turboenant is so excited to partner

with us with an all-in-one platform that

lets you self-manage your rentals

without a property manager. You can

advertise your unit on Redfin,

apartments.com, and more seamlessly. You

can collect and screen tenant

applications with full credit,

background, and eviction reports. You

can send custom leases, get them signed

digitally. You can automate rent

collection with even reminders,

receipts, late fees built right in, and

even track income and expenses. So, come

tax season, it's just not buried in

spreadsheets anymore. And yes, even

helps you track your income and expenses

for tax time on more clunky

spreadsheets. It's free to start and uh

the premium plan is only $149 per year

for unlimited properties. Most platforms

charge per door and still don't offer

half the features, so it's no wonder why

750,000 landlords trust Turbo Tenant.

And the best part is you can try it for

free as long as you want until you

decide you want to upgrade to the

premium plan which only runs $149 a year

for unlimited leases and properties. So

if you want full control, more cash

flow, and less headache, this is a

no-brainer. The Clarity Act finally

determines which regulatory body and

what framework is responsible for the

regulation of Bitcoin, Ethereum, tokens,

real world assets,

everything related to cryptocurrency.

Here's how it works. The Clarity Act

says Bitcoin and Ethereum are products

that are intrinsically linked to

blockchain systems whose value is

derived from those systems such as

through governance, transaction fees or

access to services. And therefore,

Bitcoin and Ethereum are digital

commodities and shall be regulated by

the Commodity Futures Trading

Commission. They have way fewer

regulations than the SEC. You would much

rather have the CFTC up your butt than

the SEC up your butt. Okay? SEC very

powerful. CFTC

a little more chill. At least that's the

way people describe them in a simple

manner. So that means Bitcoin, Ethereum,

CFTC. Cool. What does the SEC get? The

SEC basically gets everything else. So

any kind of investment contracts,

tokenizations,

stable coins, securities, deposits,

option contracts, pulled investment

vehicles, NFTts, tokenized real world

assets, all of this SEC.

Now, the cool thing about the Clarity

Act as well, though, is they're

borrowing from what we could do in the

stock market today, but nobody does.

Technically, let's say you own a share

of Tesla. Okay? So, we'll take out a

little notepad here, and we're going to

write uh that this notepad represents,

you know, shares of Tesla stock. Okay?

So, here we have shares of Tesla stock.

Technically, if I hold these shares of

Tesla stock myself, which nobody ever

really does because you hold them, uh,

you know, on on an electronic record

basically at your broker dealer uh, in

in book entry form, right? Like you

don't actually hold the shares anymore

like we used to back in the day like 50

years ago or whatever, but you actually

hold the share certificates. Uh, if you

held the share certificates for Tesla,

technically I could go, "Hey yo,

neighbor, you want to buy some of

these?" "Yeah, sure. I'll buy some of

your Tesla shares." Cool, man. Here's

some money. Here are the shares.

Technically, that would be considered an

exempt transaction. So, the security

itself is covered by the SEC, but that

transaction isn't. like you could trade

that as much as you want in person, but

as soon as you go on the internet and

you try to trade Tesla on like Robin

Hood, well, that's regulated by the SEC.

They surveil what you do. They surveil

the trades. They want to make sure the

money clears. They want to make sure the

transaction clears. They want to make

sure everything's balanced. They want to

make sure there's no fraud. They want to

make sure there's no insider trading.

All of that is called surveillance.

making sure you have functioning and

honest markets, right? No fraud in

markets. We don't know what's happening

when people are just moving share

certificates around. That's why most of

it is electronic now and it could be

surveiled by the SEC. Okay. The reason I

bring all of that up is because now a

token once issued as a security just

like Tesla shares are a security. A

token issued under an investment

contract initially goes through

registration with the SEC. So an ICO

like an initial coin offering or some

kind of initial tokenization like let's

say house hack is like hey we're going

to tokenize these 20 properties and

we're going to sell these tokens. That

initial sale is a securities

transaction. However, once you have the

token, even though it's electronic and

being done online, you are allowed to

trade that token with another party

without being subject to a securities

transaction regulation.

That's pretty big. This is pretty good.

This is great because it gives people a

lot of flexibility. uh and uh it's very

crypto positive which again explains why

we're seeing such an explosion right now

uh in uh well not only Ethereum I mean

you could see Ethereum just over the

last you know few hours here has just

been exploding we're almost at 3,300

Bitcoin's almost running back to 120

which is great we know circle is doing

fantastic and people are taking money

out of the spack that Eric or uh uh you

know Don Jr. probably got paid some nice

dollars for to be on the board of. But

anyway, Don Jr. uh you know IPOed this

this morning with uh you know the spa

company that was involved in this and we

see some liquidity issues here negative

19%. But the point is crypto is doing

fantastically

as a result of these bills passing uh or

or at least advancing their procedural

hurdles. So this gives you a little bit

of color on on these three different

things. Now, some other notes to think

about. Uh, we've got a lot of talk about

this anti-CBDC surveillance act actually

just straight up banning the Federal

Reserve from ever being able to get into

a central back bank digital currency.

So, uh, that basically kills that. Uh,

you also get the right to self-custody

your assets if you want, which is also

fantastic. and you finally get some

clear regulation so that you can

actually have legitimate uh offerings in

crypto. Not saying that there aren't

other legitimate offerings, but the

problem that you've had in the past is

you kind of don't know who's doing the

offerings. So when people rugpull a

crypto, they just disappear. But now the

SEC would actually require in these

registrations presumably transparency

into who the actual underlying owners

are and the vested interests are, what

their conflicts of interests are, and

transparently show who these people are.

So if they rugpull you, you know who to

sue. So all of this also gives us some

rugpull protection for new initiatives,

which is also good. Really, regulation

is usually designed not to tell you that

something is a good investment. It's

just to tell you that it's not a

fraudulent investment. That's the point

of regulation. Like I I always like to

use house hack as an example.

We, you know, I personally think house

hack's going to do really, really well

and the stock value is going to

skyrocket whether it's through our, you

know, portfolio expansion, our

refinances of our deals, the wedge deals

we do, or through, uh, the the, uh, you

know, AI project that we have that we're

going to be licensing soon, which is

really exciting. We'll talk more about

that later. Uh, I think that, but we

don't know that. So, an investment can

go up or down in value. The SEC's job is

not to say, "Oh, yeah. We think Kevin's

AI is going to go to the moon." It's to

look and say, "Okay, like, are you guys

actually getting PCAOB audited?

Cool. Okay. Yeah, you got your PCAOB

audit. Looks good. Great." That's their

job, right? It's like, what do PCAOB

auditors do? Well, make sure you're not

a fraud. Make sure your conflicts of

interest are disclosed. That's the

point. So, it's not to make something

The regulation isn't to make something a

good investment. It's to make it a fair

and transparent investment. And that's

what's happening with these, uh, with

these bills, which is great. You know,

cryptos really needed it for a very long

time. And so, I'm I'm really happy and

excited to hear this, uh, finally come

together. So, uh, mind you also that,

uh, folks like Marjorie Taylor Green,

they were like super anti- this for a

while. Uh, Chip Roy, Keith Shelf, all of

them were like, "Oh, yeah, no, we're not

going to vote for this." They

flip-flopped probably in part because

Trump called him yesterday and kind of

demanded that they uh uh you know

flip-flop. And so sure enough they did

and AirPod stopped working but that's

okay. Uh and sure enough they did. But

this happens every time in Congress. You

always have a few holdouts that are like

oh no this isn't going to pass cuz there

are a few holdouts you know and then

it's kind of like the president's job.

Hey what's it going to take? You want to

come to dinner with me? you want to come

uh see some of these photos that I have

from uh certain files that aren't to be

released, why don't you come over and

I'll show you some photos. And then uh

all of a sudden the votes flip, you

know. I mean, I don't know what was

offered, but that's how it works. That's

called politics. That's that's uh the

game. Anyway, there you have it.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this. We'll we'll try a

little advertising and see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Papra there, financial analyst and

YouTuber. Meet Kevin. Always great to

get your take.