RUSH TRANSCRIPT I function ░░░░░░░░ about something that sounds ░░░░░░░░ of technical but actually ░░░░░░░░ right at the heart ░░░░░░░░ rural America The clarity ░░░░░░░░ President Trump made a ░░░░░░░░ smart move when he ░░░░░░░░ crypto currencies into the ░░░░░░░░ financial system Instead of ░░░░░░░░ run off shore he ░░░░░░░░ America competitive He kept ░░░░░░░░ here but that reform ░░░░░░░░ the loophole Crypto platforms ░░░░░░░░ what they call rewards ░░░░░░░░ of interest and under ░░░░░░░░ law Those rewards don ░░░░░░░░ follow the same rules ░░░░░░░░ bank deposits that allow ░░░░░░░░ to quietly flow out ░░░░░░░░ community banks into unprotected ░░░░░░░░ platforMs Big banks can ░░░░░░░░ that small room community ░░░░░░░░ simply can t the ░░░░░░░░ act simply close that ░░░░░░░░ protecting local deposits without ░░░░░░░░ innovation driven out and ░░░░░░░░ founder and CEO of ░░░░░░░░ forgotten America So why ░░░░░░░░ this matter so much ░░░░░░░░ small town America Marking ░░░░░░░░ happened in the air ░░░░░░░░ out What we do ░░░░░░░░ and for not America ░░░░░░░░ just that little small ░░░░░░░░ urban janine smaller communities ░░░░░░░░ communities in America the ░░░░░░░░ that matter most and ░░░░░░░░ and bring those issues ░░░░░░░░ Washington This issue is ░░░░░░░░ line and seven the ░░░░░░░░ that s going into ░░░░░░░░ There are there being ░░░░░░░░ hive really going to ░░░░░░░░ in a negative way ░░░░░░░░ lot of a small ░░░░░░░░ in America Have you ░░░░░░░░ just one community bank ░░░░░░░░ gas station one hospital ░░░░░░░░ you lose one of ░░░░░░░░ you lose that community ░░░░░░░░ so we re here ░░░░░░░░ to press Congress to ░░░░░░░░ action today and enclosed ░░░░░░░░ s really urgent loophole ░░░░░░░░ explain the folks what ░░░░░░░░ loophole is all the ░░░░░░░░ I understand it in ░░░░░░░░ owners Why even know ░░░░░░░░ it is because I ░░░░░░░░ ve a Robin hood ░░░░░░░░ which yeah some stocks ░░░░░░░░ there but generally use ░░░░░░░░ for Bitcoin in the ░░░░░░░░ but they ll offer ░░░░░░░░ what they call some ░░░░░░░░ of reward it It ░░░░░░░░ essentially the same thing ░░░░░░░░ t it So President ░░░░░░░░ I ll tell you ░░░░░░░░ last year in pass ░░░░░░░░ genius act and lie ░░░░░░░░ was something that really ░░░░░░░░ a lot of Americans ░░░░░░░░ small towns By saying ░░░░░░░░ we don t like ░░░░░░░░ coin paying interest on ░░░░░░░░ music parents The What ░░░░░░░░ Is these organizations in ░░░░░░░░ Valley institutions found a ░░░░░░░░ that by paying this ░░░░░░░░ but instead calling it ░░░░░░░░ It s the exact ░░░░░░░░ thing Eric so they ░░░░░░░░ paying this interest out ░░░░░░░░ incentive for people And ░░░░░░░░ happens then is their ░░░░░░░░ goes out of these ░░░░░░░░ community banks the community ░░░░░░░░ being the ones that ░░░░░░░░ there to provide you ░░░░░░░░ if you re looking ░░░░░░░░ buy a home and ░░░░░░░░ re a farmer looking ░░░░░░░░ buy it but then ░░░░░░░░ your mom and top ░░░░░░░░ a set up shop ░░░░░░░░ in your hometown you ░░░░░░░░ not able to do ░░░░░░░░ because all the money ░░░░░░░░ being drained out of ░░░░░░░░ accounts knit community banks ░░░░░░░░ into stable coin because ░░░░░░░░ this attractive reward system ░░░░░░░░ they re setting up ░░░░░░░░ in 10 of the ░░░░░░░░ act was not to ░░░░░░░░ it But again it ░░░░░░░░ those that that loophole ░░░░░░░░ they re calling a ░░░░░░░░ and so therefore you ░░░░░░░░ seeing these these local ░░░░░░░░ At risk because of ░░░░░░░░ so Didn t think ░░░░░░░░ Congress didn t they ░░░░░░░░ this when they put ░░░░░░░░ the genius act that ░░░░░░░░ hey maybe we better ░░░░░░░░ close any sort of ░░░░░░░░ How did we miss ░░░░░░░░ you think thing Now ░░░░░░░░ is you and I ░░░░░░░░ know very well Eric ░░░░░░░░ C moves especially in ░░░░░░░░ Trump s leadership at ░░░░░░░░ really fast paced mean ░░░░░░░░ think they they pushed ░░░░░░░░ account for that but ░░░░░░░░ was something that was ░░░░░░░░ I m sure there ░░░░░░░░ be more issues like ░░░░░░░░ That will come a ░░░░░░░░ the future and that ░░░░░░░░ a reason Organizations like ░░░░░░░░ forgotten America exist We ░░░░░░░░ that is president wants ░░░░░░░░ get a lot done ░░░░░░░░ sometimes there are little ░░░░░░░░ that are overlooked in ░░░░░░░░ you hear small town ░░░░░░░░ saying hey don t ░░░░░░░░ about us in summary ░░░░░░░░ to say listen Congress ░░░░░░░░ re looking at the ░░░░░░░░ act right now close ░░░░░░░░ loophole as part of ░░░░░░░░ because beyond just this ░░░░░░░░ issue it was stable ░░░░░░░░ on their other she ░░░░░░░░ been considered That just ░░░░░░░░ accounted for in the ░░░░░░░░ act which President Trump ░░░░░░░░ put through very quickly ░░░░░░░░ wants to make America ░░░░░░░░ leader in crypto currency ░░░░░░░░ believe he ll do ░░░░░░░░ but this is certainly ░░░░░░░░ issue that needs to ░░░░░░░░ addressed because we can ░░░░░░░░ be that and also ░░░░░░░░ small town America thriving ░░░░░░░░ keep those banks open ░░░░░░░░ them lending to small ░░░░░░░░ in in keep main ░░░░░░░░ even better than it ░░░░░░░░ a decade ago I ░░░░░░░░ t you know this ░░░░░░░░ show if my counter ░░░░░░░░ hood of problem with ░░░░░░░░ build There was whatever ░░░░░░░░ going on I m ░░░░░░░░ pressure they re not ░░░░░░░░ d I c insured ░░░░░░░░ there s a risk ░░░░░░░░ s in there there ░░░░░░░░ a huge risk Our ░░░░░░░░ you think that is ░░░░░░░░ embankment freed I believe ░░░░░░░░ name was in all ░░░░░░░░ people that lost money ░░░░░░░░ that scam I mean ░░░░░░░░ s a lot of ░░░░░░░░ their with your local ░░░░░░░░ You have the FBI ░░░░░░░░ backing. You know.