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Hello this is Matt on the moon Lambo Channel there's a video that's been Widely circulating within the xrp Community in particular of an SEC Director that's him right on the screen There Gerber GRL saying some things that Um don't really deserve to be uttered in The realm of reality let's just say it Like that and attorney Jeremy Hogan had Something to say about that and you know What Hogan absolutely rips the Director's perspective and response and When posed a very particular question Question on stage uh well technically he Was remote but it was at an event and U He just rips it to shreds from a very Technical point of view and it's a Delight to see especially since you know This is the same type of perspective Because he shared it on social media Platform X it's the same type of Perspective that you and I everyone in Our community has come to love from Attorney Jeremy Hogan's YouTube channel Which although it's still live it's Defunct at this point sadly um I miss I Miss see new comment from it content From him but I understand that he's made It publicly clear that he is done Running the YouTube channel I get it it Takes a lot of effort and work but um The good news is um he is still active On social media so we are still able to Get perspective from him but um I feel
Bad for all the people who have become Such big fans of Jeremy Hogan who aren't On social media platform X because then You're getting nothing from them anymore So let me try let me try and uh help you A little bit here provide some some that Sweet sweet attorney Hogan content and Um as I'm reading any anything that's a Direct quote from him just just pretend That you're hearing his voice instead of Mine it'll be almost the same right uh So anyway I'm going to share that and I Also have a a post from Attorney John Deon on this topic but uh before going Any further I do want to be clear I do Not have a financial background of any Kind I am not offering Financial advice And you definitely should not buy or Sell anything because of anything I say Or right I'm just an Enthusiast who Enjoy making YouTube videos about crypto Related topics but just as a hobby and Just for fun and by the way I'll note uh Just the headline I don't feel the need To read this whole story but I'm just Going to say whatever the truth is Although I don't know the headline Doesn't surprise me and I'm going to Guess it won't surprise you either uh But take a look at this sec's director And they got a picture of Gerber gr here This is who's being referenced sec's Director of enforcement now under Investigation for corruption and so
Again I'm not going to pretend to know Which claims are true and which aren't And it's a little outside the scope of This video but I wanted to mention and Just say I'm not surprised I'm not Surprised to see the headline that's it Shout out and credit to 707 crypto who For for sharing this video clip again Widely circulated at the time I'm Recording this video i' been seen just From him 183,000 times and other people Were reposting it so I wouldn't be Surprised if it's literally over a Million people I've seen at this point But he wrote here director of the SEC Was asked what is the current thinking Of the SEC in light of the recent Court Decision in the secv Ripple case and he Had this convoluted answer with it's Which attorney Hogan breaks down and I'm Going to showare with you exactly what He said but in a nutshell he was making This point that oh there's not an Attorney in the room with you there or Out there operating and in in a Professional manner that doesn't know How to apply how or or U you know Whether or not something is um Satisfying the the uh the criteria for Ho that's kind of in a nutshell what he Said and not answering anything specific About about Ripple or xrp uh and why Might not he not want to do that maybe a Touchy subject because it didn't go so
Well for those ass hats over at the SEC um it's just they're so disingenuous And I've highlighted so many things from Gerber GRL in the past this is a guy who You you can just tell just for so many Reasons including because he's not Stupid the illogical irrational Arguments that he makes it's just like I Don't believe he believes what he's Saying here and the fact that he's Saying this and pushing this stuff it Harms people in the real world if he Gets his way and the SEC broadly Speaking gets their way that harms Actual people like you and me and so Being as disgusted by this as the rest Of us attorney Deon responded and wrote Oh how I would love to be on a panel With Gerber gruel or speak at a Conference while he sat in the audience Preferably next to Gary Gendler then they would be forced to Listen to something they avoid at all Costs including while testifying under Oath the truth now that is spoton but to Break this down we have attorney Hogan And he did a fantastic job here so check This Out the sec's pat answer when asked hard Questions about crypto regulation is Deceptive it always starts with the Howie test is clear it's been the law Since 1946 yes on your first day of law school
You you learn that most legal tests are Based on elements such as is found in The hoe test for whether an asset is Sold as a security EG the test for Whether you formed a contract with Someone requires you look at three to Five elements and uh he he cited Elements on the screen for the sake of Time I'm not going to read through them But if you do want to pause right here Feel free to take a look but this is What he's referencing specifically but We'll be fine just even if you don't Want to read that just understanding the Concept will be sufficient for the Purposes of this video so then he Says these tests allow excuse me these Tests allow for flexibility uh and Approach and are Guided by case law that Is built around an articulated test but Within these elements are all sorts of Room for disagreement and Litigation this is both the key feature And weakness of the common law Approach in the context of a a contract Dispute or auto accident the tests work Fine in my Opinion there has been a problem a Dispute that needs to be resolved and The elements of the legal test provide a Framework for an analysis and resolution This is not the case with crypto the Problem is that the common law framework Analysis which works good for disputes
Is horrible for complaints especially When dealing with areas where is little SL no case Authority trying to apply the Hoe elements to various crypto projects Is a Crapshoot this is where the SEC is Disingenuous when confronted with a Nuanced opinion from one judge and the Almost opposite opinion from another Judge the SEC can only say all attorneys Know what the elements are it's clear That has an element of Truth followed by A a lot of lie and that might be my Favorite quote out of it out this whole Thread a lot of lie and this is what I Was referencing just a few minutes ago So he because he was referencing again All the attorneys in the room at that Conference and everybody else is working In a profession professional Professional manner in this realm uh He's saying that well all attorneys know What the elements are it's clear right No how do you apply it and how can you Say it's clear how in fact how dare you Say it's clear when there are Judges That are disputing How can you say that with a straight Face and I've always found it absolutely Disgusting here so it's nice to see Attorney Hogan rip this guy to shreds Here with common sense anyway attorney Hogan Continues yes any lawyer who reads how
We can rattle off the elements but Applying them to a crypto project with a Unique token model is just educated Guesswork and that's where you would Hope that the SEC would do its mandated Job and interpret the law make it clear What is allowed but the guidance from The SEC the previous SEC Administration Was superficial and even Contradictory and this SEC seems to have Abdicated the interpretation part of its Mandate and instead is focusing on Enforcement and how much money it brings In every year per its latest video yeah And that's that's disgusting I'm sure Some of you saw that as well what a Focus look at all this money we're Bringing in we just roll it in the dough Look at how many banum we got AO Ben his these people are Disgusting how dare like is that a Metric you should really be focusing on SEC my God what a disgusting Organization and then attorney hog says For whatever reason this SEC has decided To only respond how he is clear instead Of interpreting the laws for a new Technology this allows even incentivizes Uneven and capr icious enforcement of The laws and although the test is clear The application is anything but it's Like you go to the gym and say you want To look like Brad Pit in Fight Club and The gym owner gives you a pamphlet
Outlining how fat is burned and how Muscles grow and then says good luck yes It's clear how to look like Brad Pit but The pamphlet is hardly any help and by The way When you fail to look like Brad Pit Later that year you get kicked out of The gym and Sued and sadly that's about right that's That's definitely about right I I need To watch Fight Club again a side note I Haven't seen that movie in probably over A decade and it is such a fantastic Movie anyway and then he wraps up by Saying and yes this thread was inspired By me feeling old and soft today well I Got pause Jeremy Jeremy Hogan nobody Here thinks that you're old and soft we Think think that you are vibrant and Strong you can quote me on that damn it And then he says Excuse me while I go Exercise a little If I Stay old and soft I hope no one sues me no one here going To see you son you good attorney Hogan Uh and then somebody asked um Fetti xrp Wrote to attorney Hogan and said Jeremy If you were the reporter Influencer how would you word the Questions to not get the vanilla Hoy Answer because again that at the heart Of this that's that's his effective Dodge as far as I see it anyway and then Attorney Hogan said the following hard Follow-up questions but eventually you
Will get to I'm not going to talk about Any particular asset which is always What we see from them right he says but The point is to talk about particular Assets spot on I Know attorney Hogan you need to make Videos again I'm just Done do It uh but I am glad that he's sharing His perspective still on social media at Least so we've got that so I'll continue To cover um what he shares publicly but Uh you know obviously hitting the nail On the head here I'm not a financial Adviser you should not bu your sell Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lambo