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Hello this is Matt on the moon Lambo Channnel got a couple topics for you in This latest Moon Lambo Hot Hot Hot Hot Hot Jam starting with this one from the Crypto basic Ripple can now offer Ripple Payments on demand liquidity formerly Known as on demand liquidity uh services In us so that's right after xrp getting The Sha for years on end and ripple Shutting down on demand liquidity Corridors in the United States which at The time of them getting shut down those Were the most uh most liquid most used On demand liquidity corridors they're Coming back oh they're coming back baby Which is what we expected it's just been Kind of a question of how how is Ripple Actually going to pull this off because It'd be so absurd if Ripple could use Xrp for on demand liquidity uh in every Other quarter on the damn Planet but Then for any quarter touching the United States what no xrp what what does that Mean you have to use a different Cryptocurrency is that even allowed you Know it's which would be absurd but uh It does look like this look like despite The messiness of this and the silliness Of it it looks like uh Ripple does seem To have a solution here they've been Fairly tight lied about this stuff and Understandably so they're still in the Remedies portion of the lawsuit with the SEC even though they've won um and then
They they well I say won they have Broadly speaking on the most important Point XP itself of course is not a Security but then there's the question Of appeal and so check this out Attorney John Deon cites what he believes must Happen if there is going to be a Settlement between the SEC and ripple Now outside of this particular thing Happening says no there will not be a Settlement and he predicts ripple from This point forward will likely have to Spend even from this point tens of Millions of dollars in legal fees just To get a resolution in this case so There's still a fight to be had but uh Before going 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 enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun all Right so into this first piece and I Don't really need to read the entirety Of this article I want to head on the High points here though uh there was This post which I actually did share at The time it's from uh David Schwarz Ripple CTO co-creator of xrp and The xrp Ledger July 14th of this year so that's One day after xrp Victory Day when judge
Tores declared that xrp itself is not a Security uh so despite the fantastic News Ripple you know this is early days Of you know figuring out what the Aftermath is going to be for Ripple Specifically and positioning xrp as a as A bridge currency in what was then known As on demand liquidity and so David Schwarz on July 14th wrote The Following We're still figuring this out we don't Currently have odl related sales with a US Nexus and not being able to do so is Not really a huge deal we can still do Odl in the us so long as xrp is never Sourced from Ripple and so there's a There's a partnership and this news Broke the other day the Ripple uphold Partnership and I'm I'm a fan of upold I've uh I've been using them since I Believe uh summer of 2018 and uh it's actually the case that Whatever the first day was I can Actually figure this out by looking at My history anyway but whatever the first Day was where um where uphold allowed The transfer of xrp off their platform That's the first day that I ever Purchased xrp on their Platform um but anyway uh so this piece Reads as follows recall that Ripple Recently linked a strategic partnership With uphold Inked a strategic Partnership with uphold rather uh as the Crypt basic reported yesterday according
To the announcement the partnership Would see Ripple utilize upholds trading Infrastructure which boasts 30 trading Venues to bolster its crossborder Payment service though reports of the Partnership triggered moderate Excitement in the xrp community several Community members failed to understand The gravity of its implications uh the Latest comments aim to highlight how Pivotal the Strategic partnership could Be uh notably the Ripple payment service Formerly odl is not live in the US Despite Ripple offering these Services Over 55 countries with a payout Network Spanning 70 markets let me go just a Little bit later so we uh further down The article because I don't need to read The whole thing Bel labor the point uh Yeah here's what I want a solution to The Dilemma so check this out um they And they reference one of my fellow Expert YouTubers digital assets daily Who was talking about this topic the Latest comment from the host of digital Assets daily emphasizes that Ripple now Seeks to use uphold as an Avenue to Source xrp for odl sales in the US by Using this technique the company would Avoid any potential regulatory action For the us-based odl sales now folks What's interesting about this to me is Ripple already had exchange Partners in Place um they specifically bitstamp
Which was the primary um uh primary Exchange that they were using as a Partner in the united for corridors in The United States and they also were Partnered up with bitrix which is no Longer in the United States I'm sure you Guys are aware the SEC pushed them out Of existence in the United States anyway Um so presumably you could do this with Whatever exchange you're partnered with There's a reason that they're doing what They're doing and I haven't seen any Sort of public indication as to why but That's the ca look we're Ripple doesn't Know us anything uh and so we can only Look at outward facing facts at times And then speculate about it here we're Not going to see how the sausage is made Very Frequently but but there's a reason They're doing what they're doing so There's this new partnership I don't Know if that means that there's Something shaky with bitstamp I'm not Even going to speculate that honestly I'm just saying technically that's a Possibility I'm not I don't suppose That's necessarily the case though uh it Could be the case that they're just Expanding and opening more doors which You would expect them to do frankly Because as I've said and I haven't Brought this point up in in a long time But you would expect that any exchange
On the planet that offers xrp as a Trading service would want to uh to pair Up with ripple you think they'd want to Partner with ripple offering xrp as a Bridge currency because why wouldn't They all that means is more volume for Their platform and then they get their Cut in terms of trading fees so why Wouldn't they want that so I would Expect more and more exchanges to come On board now in this case you're talking About one of the most reputable Exchanges in the United States which is Uphold uh just major mover for xrp That's a huge core of their business at This point because as you well know uh They continue to offer xrp the only United States based firm that offered Xrp during the the two and a half years Where roughly where xrp was under attack Back from the SEC so they they just they have a huge Business uh in terms of offering xrp to Their customers they have a loyal client Base as a result of this and deservedly So because they did what they did they Had the guts to do what was right and They filed through and so good good on Them I'm a big fan of uphole but um all That to say I'm just still you're going To want uh to uh you know partner with Those firms that make the most sense and W with the with uphold having the volume That they do with xrp
And and them sourcing it not from Ripple That it seems to make sense so Ripple Could link up with them and with the Massive liquidity I just think from a Strategic point it it just seems like a No-brainer here and so my fellow xrp YouTuber James R xrp wrote to uphold and Said congratulations regarding the the Partnership uh our our xrp on the Platform going to enhance the liquidity And the Alo account responded hi James And thanks we never leverage customer Funds we will however be using our Expertise in sourcing both fat and Crypto xrp included on the open market In order to facilitate the near Instantaneous transfer of money across Borders via Ripple Odl so couple things and one thing I Haven't seen anybody else s on if you if You listen to exactly how that's worded They're saying that they're going to use Other cryptocurrencies not just xrp for Ripple's odl although it's not known as Odl anymore you know it was it was Rebranded U but they're talking about Using because again let me read it one More time we will however be using our Expertise in sourcing both Fiat and Crypto xrp included on the open market In order to facilitate the near Instantaneous transfer of money across Borders via crypto Ripple oal so why Would they say crypto and then in
Parenthesis write xrp is included in That why wouldn't it just be xrp when R When Ripple's only using xrp as a bridge Currency Well with a lot of question marks is to How you know the legal happening the Secv Ripple case we don't we don't know Exactly how that's going to impact the United States corridors for Ripple uh it's it's not it's not Surprising to to think that maybe they Would consider using another crypto Because they've talked about this in the Past Brad Garling house before the the Lwuit even started Brad Garland house Said well we've never done it but you Know it's C certainly something that Could happen in the future and so if There's a reason for this legal or Otherwise then it could happen and he Had also cited a reason another reason It could happen is if there was a Quarter where there was insufficient Liquidity with xrp then that door would Be open now with a corridor touch in the United States and where they're they're Targeting at this point in time not Likely to be finding a corridor where Extra in liquid so it would probably be Due to Legal concerns should that be the Case but look at how they worded That either that or they really sloppily Worded this you know so I I don't know It's it's one or the other here but
Anyway it's cool like either way like I've said for for months on it like There there's a path forward here even Though Ripple is found to have infringed With certain institutional level Transactions now let's shift gears Slightly I want to share with you Perspective first from attorney Bill Morgan and then from Attorney John Deon And this has to do with uh what's what's Going down in the case now obviously xrp Has legal Clarity but are we going to See settlement well attorney Bill Morgan Doesn't think that's what's happening Right now and so he said the following It will heat up not settle the remedies Phase in the secv Ripple matter will be Full on I was refreshing my memory from The letters the party sent to the court About the sec's intention to pursue the Ultimately doomed motion for permission To file an interlocutory appeal According to the SEC in its letter the Remedies phase of the proceedings Promised to be protracted and heavily Litigated with additional fact and Expert Discovery Ripple in its letter Elaborated on what is to come number one Further fact development on which Ripple Offers and sales qualify as Institutional sales I assume that not All sales the SEC asserted were Institutional sales were in fact Institutional sales and number two
Whether the SEC has jurisdiction over Institutional sales transactions many Did not touch the USA says Ripple the Court has not yet ruled on this issue Number three whether post complaint Sales of xrp to sophisticated commercial Counterparties were violative of Securities laws this last issue is Incredibly important and obviously Highly contentious as most of the post Complaint sales were to odl customers For crossb Payments the the amount at stake for Such sales is very large and more than The amount for institutional sales Referred to in the SEC complaint these Are sales that most clearly do not seem To be investment contracts because the Odl customers do not invest in xrp and Don't expect profits from investing in It it was Undisputed fact but between The parties that odl transactions take Seconds to complete how do you get a Settlement out of all that is it as Simple as Ripple just writing a check I Don't think so at this time right so Look I I'd love to just see this whole Thing wrapped up so that way we can just Freaking stop talking about it uh but Many attorneys think that what's most Probable here actually is you're going To see just the tremendous fight and the Look The sec's already lost what matters But they're not going to stop being punk
Ass they're not going to stop Because they're punk punk ass Punk ass that's all they are Well no no that's not true that's not All there they're they're also ass hat Pricks so they're punk ass They're ass they're they're demons They're like little spawns of Satan Winged Creatures from the depths of Hell these Are disgusting humans you think that They're actually going to stop engaging In the shenanigans that they've been Engaging in for all of these years Because I don't I don't I I don't think That they're just going to give up that Easily I mean I I I'm persuaded by recent Arguments I've seen from Attorneys in this I just I'd love to see Settlement and maybe the attorneys that Say sement is probable at this point Maybe they're right I just I'm kind of Skeptical as what has changed because Look we may have like we may have hit This this point and I do believe this is True where like that you know you can See the the tide has turned effectively But it doesn't mean the the battles are All over they're still fighting just as Hard with the battles that are remaining They're just not I just don't think They're going to be taking on as many Many new battles you know with with the
Same tactics that they've been using in The past that's what it looks like to me But we still have to fight the crap That's here they're not just going to Stop on that front and also they should Be incredibly embarrassed I mean I'm not Convinced that they necessarily have Shame because they're not even humans But uh but they they should be they want To prevent any possible em further Embarrassment and so if they just drop This whole thing and there's some sort Of settlement that didn't allow them to Save face they just won't do it Anyway uh here's what Attorney John Deon Had to say as I said on cryptool laww TV Yesterday with attorney Jeremy Hogan and Ten Vu that's his wife of course I do Not believe there has been a single Serious conversation regarding Settlement between Ripple Brad Garlinghouse Chris Larson and the SEC The SEC is pissed and embarrassed and Won $770 Million worth of Flesh what people Need to understand is that the penalty Phase is like a second case requiring More depositions interrogatories Requests for production of documents Emails bank statements contracts odl Transactions Etc so folks think about That it does sound like a whole separate Case doesn't it my God and it's just a Phase of the same case but still it
Seems like it right then he says Ripple Wants to drastically reduce the $770 Million by trying to exclude odl Transactions reduce salaries expenses Costs Etc the SEC sought $23 million From library it took 8 months of Additional litigation before the judge Ultimately issued a fine of $130,000 Jeremy Kaufman the founder was Deposed again for example multiple Briefs were filed I don't expect a final Judgment issued by judge Tores until Late summer at the earliest so folks We're already talking about this thing Dragging into next year Think think our lucky stars at least the Clarity for xrp has come down but my God This thing this just never ends um then He says it literally could take a full Year before an appeal is filed in this Case if coinbase wins their motion to Dismiss I then believe the SEC will be Forced to Pivot its anti- crypto agenda And then work out a possible settlement With ripple if coinbase loses its motion To dismiss I predict no settlement January 17th 2024 is the oral argument On the coinbase motion a ruling is Likely 60 to 20 days Later until then I think Ripple will Spend tens of millions of dollars in Legal fees fighting to greatly reduce The $770 million and so there you go my Friends what would what would it take
For for U for ripple to ultimately Settle well Attorney John Deon this is What I was talking about the outside of The video this is what would have to Happen for attorney Deon to think yep uh It's more probable that that there would Be a settlement you need coinbase to win Their motion to dismiss and I don't know What the probability of of that is I Mean to me that seems like what would be Right because the SEC has grossly Overreached but you know the way legal Systems work I'm not an attorney I don't Know the probability of that I'm I'm Kind of skeptical of that but if if it Happened that would be fantastic it Could happen it could happen certainly Well at that point the the writing is Extra on the wall at that point you know Because Ripple be able to point to this Be like judge Torres hey look at this And so maybe they would finally settle It that point but but outside of that Attorney Deon doesn't think that's going To happen and so he thinks that what's Most likely is Ripple still has tens of Millions of dollars in legal fees to Spend to reduce which makes sense you Might think that's an outrageous amount Of money but if you're talking about Reducing the $770 million that Potentially they owe well it's it's well Worth it at that point so this is isn't This the most absurd nonsense my God
Like like we actually have lived through This I this is just this is one of those Periods of my life like I will never Forget And I will Remember certain things in in particular Detail you know because it's just it's Been so impactful certainly to me and I'm willing to bet the vast majority if Not everybody listening to This it's just it's and so much was at Stake because if this didn't go the Right way we we could have just gotten Absolutely financially wrecked we could Have but that's not what has happened And there's so much opportunity because The what like justice has been done to This point it absolutely has been it's Been messy we shouldn't have had to go Go through it but it has been done to This Point so it I'll just say it's left a Lasting impact on me and I'm again I'm Willing to bet that pretty much the same For everybody that's in the community And an xrp holder so we'll keep tracking This stuff here but again the most Important parts it's already come down It's nice we can rest easy on that point At least I'm not a financial adviser you Should not buy or sell anything because Of anything I say or right that would be A very very very bad idea idea until Next time to the Moon
Lambo
