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Hello this is Matt on the moon Lambo Channel Attorney John Deon shared what I Think might be his biggest warning to The entire world of crypto since the Beginning of the sec's attack on Ripple And the xrp community because you'll Recall back when that started attorney Deon he was among the first to recognize Hey this is not just an attack on Ripple It's not just an attack on xrp holders This is going to impact the entire Crypto asset class and attorney Deon was Among the first to recognize that and Eventually over a span of a couple years Almost everybody came around and Recognized yep that's absolutely what's Going on here but there's an additional Threat here did you know that about 20% of the United States Senate agrees To a de facto ban on crypto isn't that Astonishing I'm share with you some of The specifics here from Attorney John Deon and it's just amazing because there Are people in power who want to reduce Your freedom and want to take away your Opportunity to achieve life-changing Wealth by gaining exposure to the Cryptocurrency asset class all of the Possibility all the opportunity which And it's not that they want to get rid Of all of it specifically for uh you Know the incumbents from Legacy Finance Necessarily but uh they're happy if they Can just stamp out your participation at
Le or at least uh reduce it in the short Term well hey super duper isn't it funny How that works though So there's that and then there's also This headline from you today Ripple's Top lawyer names his 2024 predictions And these are good and he's probably Just going to be spot on 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 now let me do a Little bit of table setting uh this is One of many articles uh written this one Was from about a week ago uh comes from Uh Bitcoin magazine it happens to be Shared on the NASDAQ website but it's Titled us Senator Elizabeth Warren Introduces Bill to crack down on bitcoin And crypto and I think it's easily Arguable that Senator Elizabeth Warren Is the worst Senator does anyone dispute Does anybody out there listening dispute That if so make your case below I I I'm Always willing to hear people out I Think that she is arguably the very Worst and certainly the worst uh when it Comes to just attacking crypto in an Incoherent fashion and I'm not convinced
That she believes the arguments that She's making I am not convinced of that She strikes me as a very dishonest Individual anyway peace pece reads as Follows today us Senator Elizabeth Warren introduced legislation to address Her concerns surrounding the alleged Misuse of digital currencies in in Illicit activities citing moneya Laundering drug trafficking sanctions Evasion and and more and of course folks That's what that's all we're doing here In the xrp community and stuff right It's the sanctions evasions and the the Money that's what we're doing right this Is so laughable that no that's what People use fiat currency for as all real World data proves but still the Arguments are being made in 2023 really grinds my gear Folks yeah I'm down to one gear normally I say grind my gears I'm down to one Gear just grind it in way Peace continues the bill supported by a Coalition within the Banking Committee Marks a significant push for increased Oversight and regulation within the Bitcoin and cryptocurrency sphere citing Risks associated with cryptocurrencies Senator Warren stressed that digital Currencies are used as an Avenue for Criminal activities and that must be Addressed through stringent regulatory Frameworks oh thank you Elizabeth please
Just keep it's collaps for you just Please keep protecting all of us oh I Wouldn't know how to get my shirt on in The morning without people like you so Check out this quote from her the Treasury Department is making clear that We need new laws to crack down on Crypto's use in enabling terrorist Groups Rogue Nations drug lords Ransomware gains and frauders to launder Bitco uh billions in stolen funds evade Sanctions fund illegal weapons programs And profit from devastating cyber Attacks I'm glad the five new senators Are joining the fight to take action Including three members of the Banking Committee our bipartisan bill is the Toughest proposal on the table cracking Down on crypto's illicit use and giving Regulators more Tools in their toolbox And isn't it funny how rather than just Go after the people that are using the New technology in an illegal way they Just want to destroy the technology can You imagine if if she was if she had This this power like with during the Advent of the internet we just wouldn't Have the internet if she had her way There be no internet no no sharing of Information this this is how she wants To approach it thank you for absolutely Nothing so there's this post by Ryan Celus who um in recent years has come Around to seen things the way that uh
Xrp holders and ripples see things Broadly speaking so at least as it Pertains to any sort of you know Regulatory quandries let's say he's he He is not on the same page as the so That's good and so he shared this Post um earlier this morning and he said Do not under any circumstances Underestimate Senator Warren's potential To crypto in the United States We are in the fight of our careers even If her name isn't on the final bill that Has the greatest chance of Passage and So I I think it's a good reminder to Remain Vigilant as because again this is An attack on everybody I understand why He word it the way he does you know Because there are all sorts of people Like him have careers in the world of Crypto he just she wants the sector Basically to not exist so just eliminate All the jobs all the people actually Working that buy Ripple by everybody Else and then there's obviously people Like you listening to this uh because The vast majority of us aren't actually Working in the world of crypto we're We're just we're in we're holders you Know we're speculating which is a useful Function in markets kind of important And historically there's been no Shortage opportunity for life-changing Wealth it's still there but it won't be If she gets her way and so this is where
Attorney Deon jumps in he reposted that And he totally agrees and he's warning Of the same same type of thing because Whether or not you think it's probable She gets her way the threat's real and We need to pay attention to it which is Why I'm doing what I can to spread the Message just like so many others in the The world of crypto not just the xrp Community are doing here So attorney Deon wrote 20% of the US Senate has already agreed to support her De facto ban on crypto and Bitcoin in The US I know for a fact she is using Her reelection as an opportunity to Create and control the crypto narrative She is the single biggest threat to Freedom in the United States yep spot on Could not possibly agree more attorney Deon spot on and then there was this Clip and you guys might have seen this This this was earlier in the month was There was a clip of Jamie Diamond CEO of JP Morgan and he said quote um this is At a I think it was a congressional Hearing but anyway so this was shared on December 6 but he said the only true use Case for uh for it referencing crypto The only true use case for it is Criminals drug traffickers money Laundering tax avoidance I just got to Ask do ripples customers know that do Does tapjets know remember tapjets they Wrote that Amicus brief in the SEC CV
Ripple case solve the Friday night Problem moving money around for Charter Jets on the weekend when traditional Banking systems Clos do they know that Uh actually what they're doing is not Helping their customers uh you know move Value in a way that didn't pre wasn't Previously possible what they're Actually doing is helping criminals and Drug traffickers and money laundering And tax avoidance because those are the Only use cases that exist for crypto as Jamie Diamond says now do do you think He actually believes that though these People are such Liars these people are Such Liars And so Today um or I'm sorry it wasn't today This is a couple days ago attorney Deon Reposted that and said the following Let's see Jamie Diamond tells Elizabeth Warren everything she wants to hear Regarding her war on bitcoin and crypto Right at the same time she introduces Her bill to effectively ban Bitcoin and Crypto in the United States isn't that Convenient timing on Warren's part Warren and Jamie Diamond are now Bedfellow Did you notice how Elizabeth Warren Didn't ask Jamie Diamond about the $39 Billion in fines JP Morgan has paid for Fraudulent and illicit activity yeah and Attorney Dean is not kidding here in
Fact here's a headline this one's from July like this has been known for a long Time I've talked about this on my Channel before but here's a headline From the daily huddle July 8th of 2023 JP Morgan Chase has paid I'll use a Round number here $39 billion in fines For banking Securities and additional Violation As new SEC enforcement action kicks in So folks it looks as though they just Choose to intentionally keep breaking The law hoping they can a avoid certain Uh legal penalties against them maybe They won't get caught for everything and Then the parts they do get caught for You know if it helps them to make x Amount of dollars in profit and they Just have to pay a smaller quantity That's a fine will do the math you break The law that's what they're doing and Then they have these tremendous profits You pay a little penalty it's a kick Back to the government there you Go yay and here they want a about How people use Cryptocurrency in illegal ways my God The audacity of these Pricks so what's going to happen moving Forward Here well what brings us to this article From you today Ripple's top lawyer name Says 2024 predictions I'm going to go Straight to the source here no need to
Read the article but uh the perspective Was shared from Ripple's official Account on social media platform X and uh this is written by steuart Aldera chiefly legal officer at Ripple He's got three three points number one In 2024 the last bit of the sec's Misguided lawsuit against Ripple will Finally come to an end but the sec's Campaign of Regulation by enforcement Will continue against other industry Leaders number two judges will continue To be the last line of defense against The sec's overreach and the SEC will Continue to lose major issues in the Courts setting the table for a showdown In the Supreme Court and so on this Point I will note here uh and I was Talking about this you know before we Had the legal Clarity for xrp in July That it makes sense to be optimistic Because the United States is not a Banana Republic and I was making this Argument there's so many people like ah There should have been a decision by now That shady judge Tor she's going to She's going to come up with a bad ruling Otherwise she would have ruled by now Which I thought was nonsense and didn't Make sense and we got the ruling we Wanted so that worked out but I pointed Out that normally What's Done in the United States the legal system is Something approximating Justice
Typically Justice is done it's not Perfect there is no perfect system of Course Injustice is done not denying That but broadly speaking the you know Cases come to the judges there aren't a Bunch of Kickbacks typically speaking The judges are just operating in good Faith and they smack this stuff down Because the SEC is so egregiously Overreaching it couldn't be more obvious So that's why I was optimistic so I Understand going into 2023 the SEC was Bragging about their uh their track Record oh yeah we haven't lost anything Well now this year what's it been Because they they've gotten so cocky They have such egos it's just loss after Loss after defeat after defeat after Defeat the SEC is getting raked over the Coals as they should be thanks to the Thanks to this legal system and the Judge is watching so yes the last line Of defense absolutely correct steart Steart Al is correct but what I'm saying Is it makes sense to have that level of Confidence and so I am still broadly Speaking very optimistic you know for The longevity of this entire asset class That's what makes them sense but of Course I said earlier and I mean it be Vigilant spread the mess everybody in Crypto needs to be aware of this we Can't keep letting them overstep like This and then number three he says
Congress will agree in principle on Crypto regulation but will disagree on The best course of action leaving us Crypto firms stuck while the rest of the World makes significant positive strides Yeah so there you go to me that's just Like he's I think he's right more of the Status quo and you you've seen a flight Away from the United States when it Comes to crypto Innovation obviously and It's really and I'm just as a proud United States citizen I find it Incredibly disappointing and I know Close to half of my audiences in the United States you might be like and fair Enough fair enough I get that uh but I Live here and I don't like seeing this Uh it's just when you're talking about An economic Powerhouse like the United States the adoption going here first my God I mean the implication some of the Most powerful people on the planet Business and also from a business Perspective not not just from um some Sort of you know political perspective That too I mean there's obviously lots Of power there but you know in terms Of I just I have this thought that if You know the technology that happens Here First Um I just I have a Suspicion that in certain instances it Would get particularly notable backing
And it just makes me Wonder since there's unquestionably been Slowdown people delaying what they're Doing because they have to figure out Okay what region are we actually going To go to if we're leaving the United States because there already been a Flight what happens and then in terms of Amplifying the technology that actually Makes sense to amplify what's that Actually look like and so basically what I'm getting at here I'm just sitting This is me just questioning out loud to What degree has this asset class been Devastated and it's not like it's going To go away it's not going to go to zero It's going to exist but to what degree Has there been an incredible Setback so you know look thankfully There's there today at the end of 2023 There is still this opportunity we still Are as holders of cryptocurrencies and Xrp holders here in the xrp community in 2023 we have front run almost every Institution in the planet because They're they're more and more they're Just going to be jumping in this asset Class So as much as I'm going to continue to Call this stuff out I have way more Reason for optimism than pessimism like I believe what needs to be done shall be Done and the opportunities here for us Especially here in late 2023 we beat
Almost everyone this is unprecedented This doesn't happen it's almost always The institutions that run first and then The everyday person you know after Prices pop you know and then there's IPOs for various companies Nia can jump In now that we've seen dramatic price Increase but here is an opportunity to Front run the institutions it's just Incredible so yes I'm still way more Positive than negative on all this but I Want to be realist and call it the bad Parts too so that's why I said at the Outside of the video I think you know Just my humble opinion this is perhaps Attorney deon's biggest warning since uh Since he brought up you know at the Beginning very beginning of the secv Ripple case hey this isn't bad just for Xrp yes it's obviously bad for xrp Holders but if the SEC actually gets Their way this could be devastating and Crippling for the entire asset class so That's what we're up Against I'm not a financial adviser you Should not buy your sell anything Because of anything I say all right that Would be a very very very bad idea until Next time to the Moon Lambo
