Crypto Regulation & Solana Momentum — Full Breakdown & Transcript

[00:00] Next week, there's a vote on clarity. I think it'll be from today. Crypto holders, we are one week out. On September 15th, the Senate holds its cloture vote on the Clarity Act,

[00:12] the procedural test that decides whether crypto's biggest market structure bill even reaches the floor. This is literally the last week to contact your senators. Let them know that crypto regulation in America matters to you.

[00:26] $2 billion BitGo CEO explains on Bloomberg what to expect. Frankly, every single politician ought to be voting for this. It is about investor protections. The thing which allows an FTX to happen, which has allowed so many crypto exchanges to fail,

[00:43] is the fact that there's no overframe. All right, so we need to list this. Now, secondarily, whether clarity passes or not, the regulators are like, okay, let's do some rules. This has been a gray area for a long time.

[00:55] what are the proper ways to operate these businesses, whether you are doing derivatives trading, whether you're doing tokenized items that you're trading that might be securities

[01:07] or might not be securities, or whether you're doing custody or any other activity. It's clear that we need to know what the rules of the road, so that's what all of the regulators, the SEC, the CFTC, the OCC, are all working on.

[01:19] So even if we don't get the legislation that has to be passed by Congress, Either way, we're getting the regulation, the CFTC, the SEC set in rules, but just less sticky,

[01:31] and why we truly have just one week left to contact our senators, let them know that crypto regulation in America is important to us. Because let's say it passes. Keep in mind, this is just a cloture vote.

[01:44] This will let us know if we can even get it on the floor for a vote. If it does pass, then we have 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 days only of the Senate actually in session before midterm elections where we get a whole new crop of senators and really have to start again.

[02:05] But it's rare to pass a major regulatory measure this close to the midterms. And if Democrats win in November that could create friction with the White House Now or never As I share with you a commercial that is live across the nation today on the Clarity Act This is wild Notice the altcoins making progress regardless So

[02:29] understand the altcoins gain traction. Just in, Solana real world asset holders crossed 400,000 for the first time, so 400,000 plus holders up from just 10K in January of 2025.

[02:45] Very positive for Solana holders, and check this out, Solana is number one in X402 transactions and volume for the second consecutive week. And this is actually really significant, because what is X402?

[03:01] X402 activity refers to automated machine-to-machine financial transactions and data requests handled through the X402 protocol, an open internet standard that revives the long-dormant HTTP 402 payment required status code,

[03:18] meaning this is machines interacting with micropayments, a signal of what's to come as more and more AI autonomous agents, AI agents, start doing all the transactions around the world.

[03:31] We see BASE, Coinbase's BASE blockchain, had the lion's share for the longest time. We now see Solana dominate BASE for the second consecutive week. Click the like button if you're getting value in today's video.

[03:45] It really does help me grow as a channel if you click like if you're getting value. And just in, Solana widened its memecoin volume lead over Robinhood crypto chain yesterday,

[03:57] capturing 67% of activity across all chains, nearly three times Robinhood's 23% share. And let's remember, Robinhood is an L2 built on Ethereum.

[04:09] So this is one of Ethereum's most prominent L2s versus Solana, if you want to put it that way. And while we see Solana here, these are from meme coins, and Robinhood chain came in like a lion.

[04:23] They were gaming for a long time. Robinhood chain still in second place. maybe BNB third 67 of activity shows a significant leap for Solana And to me what this tells me as a crypto investor is it Coke and Pepsi It Solana and Ethereum Maybe more people are buying Coke this year

[04:44] Maybe more people buy Pepsi this other year. Admin of Flow. These are two of the winners we're seeing emerge in crypto, Solanese. And looking at decentralized AI, big win small.

[04:57] But not big, really small yet significant win for BitTensor. A BigTensor subnet, Oro, subnet 15, has been accepted into Y Combinator. So what Oro is, Oro describes themselves as the biggest agent competition in the world.

[05:14] It's a newer subnet. They put this out when they first launched back in June, explaining who they are. In the past month, we've given away up to $11,000 a day and over $200,000 cumulatively. Here's how we're doing it. We're building a flywheel where AI is learning to shop.

[05:28] Roughly one month ago, we created this agent arena that's rewarding builders for submitting high-quality agents. And the news today is this. We're excited to announce that we're going to be joining Y Combinator in fall 2026.

[05:41] The team is super pumped to be working with Golda, the GP of Y Combinator and company, to continue on our journey of creating the best-in-class open-source model for agentic commerce.

[05:54] This is another signal that decentralized AI, and specifically BitTensor, will have a piece of the pie in the overall mega trend of AI. Even the biggest leaders of investing in artificial intelligence are telling you, you need both open and decentralized AI.

[06:13] You need both, which of course bodes well for Tau. I think the debate is going to be more towards, well, how do we manage this? What is the market outcome that we want? Do we want to have an open market where there's lots of decentralized models?

[06:27] There's sort of checks and balances. There's kind of a balance of power in the market between different models. Or do we have a highly centralized solution where there's a couple of frontier companies, we have a frontier market duopoly, they're closed model.

[06:41] And they can rug pull you, Zach, at any time. They can rug pull you. Your tokens will win from that. And frankly and that duopoly has been aggressively lobbying for a new regulatory agency Why Because of red capture They cannot control it Again the government official is not going to know how to regulate something this dynamic

[07:05] So they're going to turn to the leading labs and say, hey, how should we regulate it? And, of course, Ben Klopik is going to have all the answers on that. And Dario has already said in his testimony that he thinks open models, if sufficiently advanced, are dangerous

[07:20] because they're not centrally managed and controlled. So it's very clear where the battle lines are going to be drawn in the future. It's going to be about whether you want a centralized, closed market, or you want a market that is decentralized and open.

[07:34] And yes, closed will participate in that. And Y Combinator, recognizing a bit tenser so much, to me, is Signal. Also, this is big, Robin Hood, Hood, announces plans to take minority stake in Crypto.com, a crypto exchange.

[07:49] So Robinhood has partnered with Crypto.com to expand their prediction markets. It's actually a partnership with Crypto.com, Robinhood, and OG.com. And under the agreement announced Tuesday, Robinhood will begin routing a portion of its football prediction contracts to OG.com's CFTC regulated exchange and clearinghouse.

[08:10] Kronos, the Crypto.com token, like BNB is the Binance token, up today. Let's go right into today. Up today, almost 4% on the news.

[08:22] Of course, though, we know from Crypto.com's past actions, they don't value the token holders as much as the equity in the business. So we will see. I will keep you updated. And most of you have probably already seen this commercial.

[08:36] This is being played nationwide in select markets, primarily Washington, D.C., where a lot of these senators live, to pass the Clarity Act. Crypto super PAC network, Fairshake launches national TV ad calling out big banks for trying to kill the Clarity Act.

[08:55] If for some reason YouTube flags this, because maybe there's some music in here that won't allow me to share it, I'm going to retweet it. So head down to our X, actually head down to our X account, watch our X.

[09:08] So you can watch the full thing in full, because this is, wow, this is fake. Like all we see tomorrow.