welcome back ladies and gentlemen today we are going to be delivering a video that should make you nothing short of extraordinarily bullish on Stella lumens and the xlm token of course we are going to be playing a video from a congressional hearing that took place yesterday on the 4th of December and one of the participants in that hearing was Danielle Dixon who is of course the CEO of the Stella foundation and there is no doubt in my mind and this is outlined and said by Daniela herself um that actually Stella is going to play a
fundamental and vital role in a new Global Financial system this is the direction the world is moving towards ladies and gentlemen we've moved very far from satoshi's vision of actually usurping the traditional systems and now actually this technolog is playing more of a role of rejuvenating them and actually um moving us onto a global uh Financial system in the sense that everybody is going to gain access to the same source of um money being predominantly in my opinion the US dollar this is going to be adopted and pushed heavily by the United States and the
likes of xlm xrp Hira some of these other cryptocurrencies the iso2000 22 standard cryptocurrencies that that standard is going to be adopted by all major financial institutions by the end of 2025 so there's a lot to unpack there really the best place for me to start is to sort of start a bit more of a calm note before we get into the clips and actually look at um where Stella is in terms of market cap so Stella has climbed up massively to that another number 16th position in my opinion by the time all this is
said and done it's going to be a top 10 potentially minor stable coins top five cryptocurrency it sits a $14 billion market cap I think this is going to get into the hundreds in terms of market cap and of course we have looked at Stella alumin price for me Stella has been one of the best performers in my portfolio in fact it might actually be the best performer in my portfolio because our average buy is around about 9 cents and since then it's done exceptionally well today it sits at 49 cents at one point it
got all the way up to 64 that is an exceptional Roi and actually I'm here to tell you that we think it's going significantly higher there was a double bottom pattern that was present here this kind of phase one base you did have a breaking and that Target was actually met and you can see where you're pulling back ultimately this is likely going to whatever pullback or whatever kind of structure we get is likely going to set up for that further continuation and likely run into the four five potentially $67 um Range uh so that's
very much what I'm envisioning from a price point of view uh but fundamentally the reason the price is going to get there is because this is a project that is going to play a central role in the new Financial system that we're moving towards This Global One World system which has been prophesied before crypto was even a thing and actually crypto is the enabling um component to it and xlm is absolutely a part of that plan we're not going to get too conspiratorially and talk tutorial and talk about sort of Jeb mb's beginnings and some
crossovers that he has with people that are now part of government agencies like the Doge agency etc etc that could be for an entirely different video let me know if you want that video guys we're not shying away from being conspiratorial I'm naturally that way inclined um so what I'm going to do is I'm going to go ahead and play the clip from yesterday's Congressional hearing I think it was mchenry's last hearing unfortunately he's been great for this industry where the CEO of the sell Foundation actually talks about what they're doing she introduces herself and
introduces the project and just listening to this it makes you unbelievably bullish on what's to come and you really recognized xm's role in this um new Financial world that we're marching towards let's dive into that members of the committee thank you for inviting me to testify today my name is DaNell Dixon I am the CEO and executive director of the Stellar development foundation we are a nonprofit us-based organization focusing on creating Equitable access to the Global Financial system using the Stellar Network I'm once again honored to be to be before this prestigious committee to talk
about how the use of new technologies like blockchain has resulted in improvements and enhancements in the Global Financial space after almost six years in crypto and blockchain and many more in the technology sector I can confidently say that Innovation is not for the faint of heart it requires perseverance commitment vision and Leadership to bring about change and help to create more effective Ive systems and sometimes it requires going up against strongly held beliefs fueled by misinformation and fear over the last many years chairman McKenry ranking member Waters and this committee have done their part to
decipher the benefits clear up misconceptions and demonstrate the true value of innovation all with a bipartisan approach that places the issues above politics and for this I am grateful when it comes to encouragement to leverage blockchain and crypto where they work best this committee has led the way both members and staff of this committee have long been working hard to understand the benefits of this technology and pushing to ensure that the United States not only realizes the opportunity these Innovations offer but leads the way on the global stage we know that blockchain powered Innovation is
not about replacing the existing Financial system it's about en in it it's about using the right tool for the job and creating an interoperable and accessible Global Financial system digital wallets and stable coins built on blockchain networks combined with crypto to cash on and off ramps on Stellar across more than 180 countries and 475,000 locations deliver exactly that a better Financial system for everyone the use cases happening right now show the actual power of combining new and traditional Technologies to achieve real world results from streamlining humanitarian Aid dispersements globally to facilitating secure cashless payments to
workers in the global South to reducing barriers to Americans to Access tokenized Financial products this technology is improving access removing barriers streamlining the movement of money providing new product opportunities for traditional finance and saving millions of dollars for financial institutions and organizations that are embracing it the strength and growth of the US dollar is also something that this tool set has already enabled stable coins which have been a big Focus for this committee have become an incredible tool for enhancing payments across the globe indeed it is the US dollar backed stable coins that are in
the highest demand globally stable coins provide a global digital asset with price stability enabling Swift lowcost transfers and easy conversion to local currency thus addressing critical financial needs in volatile or underserved regions and all of this matters in the US because the stable coin Market has now surpassed 190 billion and almost 99% are all US dollar denominated stable coins in practice stable coins are a way for people around the globe to hold and spend digital dollars that's why the US must lead stable coin the stable coin debate and not watch from the sidelines in that
Spirit chairman McKenry seamlessly built upon the foundation that ranking member Waters established last Congress and has collaborated across the aisle and the industry to get legislation in place for innovators to take advantage of the digital asset opportunity we praise chairman McKenry rank member Waters and this committee for working to create a more defined regulatory framework for crypto and blockchain supporting legislation that would provide regulatory Clarity without stifling Innovation or preventing technological Advance advancements and in light of all that and as this is his last hearing as chair of this committee we thank chairman McKenry for
his tireless efforts and hope the spirit of championing innovation that ranking member Waters and chair McKenry have used with respect to block chain and digital assets lives on so there's a number of things there that were very important um one of the big ones for me that we've continued to say is actually again this technology is very much morphed from or or or taken a different route from what it was intended initially to do with satoshi's vision the white paper for satoshi's vision was released on Halloween which is the 31st of um October 2008 the
Genesis bot was mined in January 2009 and the vision very much was an ecash that would um take away the dependence on the traditional Financial system a fear uh rival or or or combatant if you will and since then this technology has kind of done a 180 and is actually now being used to enhance the F systems certainly the dollar system the dollar global system um than it is take away from and xm's going to play a role in that she mentioned stable coins there this is now going to perfectly tie us in to the
second clip that I have for you which we're going to play now and the the most important piece here is that we forget that the global major aity doesn't have access to the traditional banking infrastructure that we do uh here in the United States and when you think about the fact that we would love that that the the highest demand is the US dollar they want to be able to leverage the US dollar at least to be able to receive money from diaspora from the US and from elsewhere they want to be able to leverage
that in a way that's cheap efficient and secure that is what blockchain technology does for them if you think about uh there are several opportunities to discuss like the the impact but we have worked with the unhcr to be able to deliver a into uh countries throughout the world uh to in a very fast and secure manner not only did it help the unhcr from their security standpoint and to deliver Aid quickly it also made it so that it was much more secure for the people on the ground so they didn't have to hold cash
the end user could receive the refugee or the displaced internally displaced individual receives the aid and is able to receive it within three minutes because of the fact that they can download the app and receive the aid right then and decide do I want to push it to my bank account do I want to cash out in the local current currency how do I want to handle this that's all done with US dollar stable coins and then when you think about we we just recently published a a short documentary that talked about how in um
San Francisco Colombia there was an organization that was just starting up and they had to pay their individuals all in cash and what happened is the CEO of that organization was impacted he was actually held up because he had so much cash and he was nearly killed he then started using blockchain technology with all of his workers and not only did it support their the the work that they were doing where they were able to receive the digital asset and then cash out at the MoneyGram locations locally they then went and spent that money in
the local stores we call that the onchain effect so it's not just that it's actually leveraging the individuals it's helping local businesses in areas where they might not have access to this kind of money and you can really get a sense having watched these clips of what xlm is trying to do and this is very much the agenda ladies and gentlemen and when it walk of talk of and Quack of like a duck it is a duck that is it from us we're going to love and leave you this video is a day late I
meant to release it yesterday however I had a number of things that I had to take care of hopefully we've made up for it hang in there xlm holders your future is a bright one that's it from me guys I'll see you all in the next one
