This is Crypto Week in the House
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 14 July 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
Discover why this is Crypto Week in the House.
Are you on track for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.
If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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Transcript
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| 0:00.0 | Be Wealthy and Smart episode 1532. |
| 0:03.6 | I'm going to live the rich life, full than best life, just if y'all know what I mean, put your hands up and declare with me, yeah, I'm full of bread, ha, eh, ha, ha, ha. |
| 0:17.0 | I'm going to live a good life, beautiful and glorious life. Step into a world. |
| 0:23.6 | Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
| 0:33.6 | And now, here's your host, Linda P. Jones. Welcome to be wealthy and smart. I'm Linda |
| 0:40.5 | P. Jones, America's wealth mentor, empowering women and men worldwide to financial freedom. On today's |
| 0:45.7 | show, we're going to talk about this is crypto week in the House. That's right, in the House, |
| 0:50.8 | they're voting on passage of legislation concerning digital assets in the lower chamber. |
| 0:56.0 | This is the week that the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act will be |
| 1:02.9 | voted on. After that, the Stable Coin and Market Structure Bill are expected to be on the |
| 1:08.1 | president's desk by August. We have only three more weeks until Congress's |
| 1:13.0 | summer recess begins, so they have a lot of work to do. First, the Genius Act notably calls for a |
| 1:19.1 | tiered approach to overseeing stablecoin issuers, allowing those with under $10 billion in |
| 1:24.5 | issued assets to be monitored at the state level. So it tells people who want to |
| 1:29.2 | issue stable coins exactly what they have to do and how they are regulated. Under $10 billion in |
| 1:36.1 | issued assets, it's regulated at the state level, and over $10 billion in assets, it's regulated |
| 1:42.1 | at the federal level. The Stablecoin Act is the second act, |
| 1:46.1 | and it establishes that the primary authorities for StableC coin regulation will be at the federal level, |
| 1:51.1 | and state power is more conditional. It divides the authority between the CFTC, the Commodities Futures |
| 1:58.5 | Trading Commission, and the SEC, the Securities and Exchange Commission, |
| 2:02.8 | and establishes a formal definition for digital commodities. So the Clarity Act is what actually |
| 2:09.9 | is going to define what crypto is. Is it a commodity or is it a security? And who's the right |
... |
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