TAYLOR: THE SEC CRYPTO CRACKDOWN, THE SEC ALLEGING THE COMPANY HAS OPERATED AS AN UNREGISTERED BROKER SINCE 2019. COIN BASE FOR ITS PARTS IS THIS WILL HURT AMERICA'S ECONOMIC COMPETITIVENESS AND THIS COMES ONE DAY AFTER THE SEC SUED BINANCE. CHARLES PAYNE JOINS US NOW. I WAS READING AN ANALYST NOTE, WHEN YOU RECEIVE A WELLS NOTICE IN MARCH, IT'S HARD TO THINK THAT YOU WOULD BE SURPRISED AS AN INVESTOR TO GET A LAWSUIT ON YOUR DOOR IN JUNE. MICRO STRATEGIES BETTER PLAY. I WAS BLOWN AWAY BY THAT. WHAT DO YOU MEAN IF YOU ARE AN INVESTOR LOOKING AT THIS? ARE YOU SURPRISED? CHARLES: I DON'T THINK YOU WOULD BE SURPRISED BECAUSE OF THE NEGATIVE NEWS AND DARK CLOUDS THAT SURROUNDED THIS INDUSTRY AND YOU HAVE THE BINANCE NEWS. PUTS THEM IN THE SAME BASKET, NOT THE SAME COMPANY. COIN BASE SAYING WE WOULD LIKE CONGRESS OR SOMEONE TO SET THE RULES OF THE ROAD INSTEAD OF PUNISHING US, NOT SURE WHAT WE ARE DOING BUT YOU ARE SELLING UNREGISTERED SECURITIES. GOING BACK TO 2019, 2021, THERE WAS AN OPPORTUNITY, THE GAMBINO CRIME FAMILY SAID WE ARE GOING PUBLIC AND THE ATTORNEY GENERAL, THREE YEARS LATER, ORGANIZED CRIME OUTFITS. EVERYONE PUNTED ON THIS AND IT'S UNFORTUNATE BECAUSE AMERICAN CONSUMERS PARTICULARLY YOUNG FOLKS ARE GETTING HURT. CHARLES: CONGRESS PUNTED ON THIS BUT GARY GENSLER SEEMS TO BE TAKING THE OPPORTUNITY TO SAY LET'S MAKE LIFE DIFFICULT FOR FOLKS IN THIS SPACE. LOOK AT THE COMMENTS, WE DON'T NEED CRYPTOS. IT IS CALLED THE DOLLAR, THAT SEEMS VERY ANTICOMPETITIVE TO ME. YOU DON'T NEED TO HAVE TO LOVE CRYPTO TO REALIZE THAT LOOKS NEFARIOUS COMING FROM A GUY WHO IS SUPPOSED TO BE THE REFEREE. CHARLES: I AGREE ONE THOUSAND%. WHEN HE WAS A PROFESSOR WHO TAUGHT THIS STUFF, HE UNDERSTANDS BETTER THAT LET THE MARKETPLACE DECIDE ALL OF THIS. AT ONE POINT, 20,000 OF THESE CRYPTOS, THE MARKETPLACE, PEOPLE SAID THIS IS A CRAP COIN, DON'T WANT IT. LET THE MARKET PLACE DECIDE THESE THINGS, THAT'S NOT THE CENTRAL ISSUE. THE BIGGER ISSUE AS WE GET CLOSER TO CENTRAL-BANK DIGITAL CURRENCY, WE'VE GONE THROUGH A PERIOD YOU HAVE TO MAKE YOUR COMMENTS AND SOON TAKE THE NEXT STEP. WE KNOW THAT IS INEVITABLE AND GOVERNMENTS WANT TO USURP THE EXCITEMENT AROUND CRYPTO AND FIND A WAY TO DIRECT THAT INTO SOMETHING THE US GOVERNMENT CONTROLS. TAYLOR: I WAS TAKING A LOOK AT THIS. A PEW RESEARCH SURVEY DID FIND THAT ROUGHLY 75% OF PEOPLE WHO HEARD OF CRYPTO SAID THEY WERE NOT CONFIDENT CURRENT WAYS TO INVEST IN, TRADE, OR USE COUPLE CURRENCIES ARE RELIABLE AND SAFE. I WONDER IF THIS IS A WAY OF INSTILLING CONFIDENCE. CHARLES: THIS IS A WAY OF MAKING CONFIDENT WORSE TO ERODE CONFIDENCE. IT SEEMS SHAKY. SAM BANKMAN-FRIED IS CRYPTO, LOOK AT A POLL OF PEOPLE WHO ACTUALLY PURCHASE THINGS LIKE BITCOIN. PEOPLE WHO PUT THEIR MONEY THERE ARE HOLDING. THEY BELIEVE FOR THE LONG-TERM PEOPLE WHO HAVE COMMITTED ALL THIS MONEY TO THIS ENTITY. TAYLOR: ARE THEY HOLDERS? COME ON. CHARLES: YOU CAN'T HAVE PAPER HANDS AROUND HERE. BRIAN: PRESIDENTIAL CANDIDATE TIM SCOTT SPEAKING OUT AFTER HIS INTERVIEW ON THE VIEW, LISTEN TO THIS. >> CLARENCE THOMAS AND MY STORY HAVE THINGS IN COMMON. POVERTY AND TRAGEDY, BROKEN LIVES, BROKEN PIECES THAT ARE MADE WHOLE. HOW ARE THEY MADE WHOLE? ANYONE TO RISE TO THE LEVEL OF THEIR CHARACTER, THEIR INTEGRITY AND THEIR GRIT, WE WANT THAT STORY TO BE TOLD TO THE AMERICAN PEOPLE. KIDS IN POVERTY TODAY NEED TO KNOW YOU DON'T HAVE TO BE THE EXCEPTION. YOU ARE THE RULE. BRIAN: HE'S GOOD AT DELIVERING THAT MESSAGE THAT CAN APPEAL ACROSS PARTY LINES. WHAT DO YOU THINK? CHARLES: I LOVE WHAT HE HAD TO SAY. I WISH JOY READ IS THERE. THERE'S NOTHING MORE IMPORTANT THAN A WHITE LIBERAL TELLING A BLACK MAN WHAT BEING A BLACK MAN IS ALL ABOUT. SO IT JUST REALLY IS INFURIATING PARTICULARLY FOR A CONSERVATIVE BLACK MAN TO HAVE THIS. READ THE FIRST CHAPTER OF CLARENCE THOMAS'S BOOK, THE CHILDHOOD -- I CRIED BECAUSE I THOUGHT ABOUT MY MAMA, MY GRANDPARENTS, DIDN'T THINK ABOUT POLITICAL PARTIES. I THOUGHT ABOUT WHAT THEY WENT THROUGH, WHAT THEY ALL HAVE GONE THROUGH. WE LIVE IN THE GREATEST COUNTRY IN THE WORLD AND MADE A PROMISE TO BECOME A MORE PERFECT UNION AND WE SHOULD APPLAUD THE FACT THAT WE'VE MADE TREMENDOUS STRIDES TOWARD THAT. WE ARE NOT THERE YET BUT THE MOMENTUM WE HAVE, IT'S IRONIC THE PEOPLE WHO KEEP TRYING TO DERAIL THAT ACT LIKE THEY LIKE YOU. THEY REALLY DON'T. BRIAN: A SITTING US SENATOR HAS TO GO ON A SHOW AND CONVINCE PEOPLE YOU CAN MAKE IT IN AMERICA. CHARLES: THAT A BLACK PERSON CAN MAKE IT IN AMERICA AND IF YOU DO YOU ARE THE EXCEPTION. MAYBE IF YOU GO TO A LIBERAL SCHOOL IN NEW YORK CITY, YEAH, AGAIN, IT IS UNFORTUNATE, THERE' S NOT ENOUGH OPEN MINDS, WHEN PEOPLE HAVE ALL TERRIER MOTIVES, NONE OF THEM HAS TO DO WITH PROGRESS IN THIS COUNTRY. TAYLOR: WHAT MAKES TIM SCOTT STAND OUT TOO, IT IS A MESSAGE OF WHAT IS WORKING, A POSITIVE AND OPTIMISTIC, IT WILL BE INTERESTING TO SEE HOW IT PLAYS OUT. CHARLES: HE'S GOING DOWN THAT PATH, EVEN THE WAY HE ANNOUNCED, FULL OF ENERGY AND EXCITEMENT. THIS IS A REFRESHING PATH. I AM NOT ONE, I HATE POLITICIANS WHO TELL ME HOW BAD THE OTHER PERSON IS. WHAT CAN YOU DO? IT IS ALWAYS LIKE DON'T VOTE FOR SO AND SO AND WHAT ARE YOU, WHAT IS YOUR GAME PLAN? TAYLOR: GETTING ENOUGH ENOUGH AN ECONOMIC MESSAGE? CHARLES: DON'T KNOW IF WE ARE GETTING THAT YET. MAYBE WILL TRY TO ENTER 5 THAT LATER. FOR MORE MACRO POINT OF VIEW, LET'S BECOME A COUNTRY OR A NATION THAT IS OPTIMISTIC BECAUSE THE FO'S OF OUR NATION COME FROM A REVOLUTION, A SYSTEM THAT WRONG DOLL PEOPLE, I TELL PEOPLE TOCQUEVILLE CAME TO THIS COUNTRY TO DO A SERIES OF DOCUMENTARIES ON AMERICA'S PRISON SYSTEM. WHEN HE LEFT HE WAS SHOCKED HOW EVERYBODY HERE THOUGHT THEY COULD MAKE IT. IF YOU WEREN'T BORN INTO THE UPPER CLASS YOU WOULD NEVER BE IN THE UPPER CLASS. IT WASN'T FLATTERING. HOW DARE THESE PEOPLE THINK THEY COULD BE SOMETHING. BRIAN: IT IS ALWAYS A LITERARY REFERENCE. DEMOCRACY IN AMERICA. THAT'S AWESOME. TAYLOR: WE CALL IT VICTORHOOD INSTEAD OF VICTIMHOOD. SUCH A PLEASURE TO HAVE YOU. MAKE
