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Hello this is Matt on the moon Lambo Channel here's a headline from the Crypto basic legal expert highlights Factors that can take xrp above $340 this year and so they're talking About all-time high territory Um so I'm going to do a minimal amount Of table setting here because as I'm Assuming all of you know xrp does in Fact have legal Clarity and that's Fairly important piece of what led to This conversation in the first place but It's interesting to get a take from a Legal mind um so you know I think a lot Of us listen to all sorts of different Chart analysts I know I do even though I'm not one I don't want to be a chart Analyst that that just bore me to death But I I do appreciate the perspective From chart analyst because a lot of them Especially the good ones they put a lot Of of time into the work that they do And some of them have incredible hit Rates in terms of accuracy uh but it's Interesting to see what the implications From a legal perspective could be when It comes to the idea of xrp hitting a New alltime high which as far as I'm Concerned is a virtual certainty so long As uh you know we don't have some sort Of weird Black Swan events if we're Going to have like a full cycle where Al All have the opportunity equally to to Reach that level it would just be
Bizarre to me if xrp doesn't uh take Take part in that that just it that does Not Compute 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 uh so I I want to highlight That when it comes to xrp Legal Clarity I want to highlight this what's on your Screen right now because it's not just The case that judge Torres ended up Declaring specifically that xrp itself Is not a security it's that the SEC Wrote to the court meaning they wrote Wrote to judge Torres and the SEC wrote That they Agree and so I shared this screen grab Of that exact moment this is a a filing From the SEC to judge Torres and the Part in the red box here is what's Relevant which reads as follows and it Says and the SEC does not seek a pellet Review of any holding relating to the Fact that the underlying asset assets Here are nothing but computer code with No inherent value you I shared that Screen grab on August 18th 2023 on Social media platform X and I wrote The
Following the SEC is now blatantly Stating they are not challenging judge Torres's decision that xrp is not a Security anyone that says the judge Raikov comet is a threat is mistaken as Even the SEC doesn't believe that and Then I credited attorney Bill Morgan who Was the first in our community to point This fact out from this this uh this Document that was filed to judge Torres And as far as the judge raikov stuff I Don't need to get too it's not for the Purpose of this video it's not Particularly important but uh he took Issue with some of what judge Torres Ruled ultimately but that's that's again Too far outside the scope of this video So I'll just mention that um and then There was John deon's crypto law Organization responded on August 18th to What I posted there and said it's as if The original complaint which called xrp A digital asset security and the sec's Own articulation of the embodiment Theory of what x why xrp itself was a Security never happened shows you how Badly Torres hobbled them with her Ruling and isn't that something because The embodiment Theory stated that xrp Itself it was the embodiment of all of Ripples efforts promises so on and so Forth that that's why it it embodied it So it was the security it's the same as Saying xrp is the security but here
They're saying the exact opposite Pretending that they never did that Because the SEC attorneys are a bunch of Lying ass hat Pricks spawns of Satan Winged Creatures and so I wrote back to Crypt Law and said yep I couldn't help but Chuckle upon first reading the screen Grab above where they call the argument Spirous that's the game they've been Playing for years though they'll tell You they're not arguing xrp is a Security but then in the next breath Make arguments that functionally argue Xrp is a security but this changes Everything I've never seen anything like This from the SEC they've thrown in the Towel and said they won't push further On this topic they're going out of their Way to make sure the world knows xrp is Not a security that they agree with the Torah's ruling on that key point and That they won't make a legal move in Opposition to that wow okay I wanted to Make sure that's all fresh in your heads Because this is relevant to some key Stuff here and so in the article from The Crypt basic again titled legal Expert highlights factors that can take Xrp above $3.40 this year despite xrp's Underperformance recently attorney Bill Morgan still believes it can reach a new All-time high this year for many Investors xrp's performance has been
Disappointing as the coin seems to be Missing out on the ongoing bull run While the prices of most crypto assets Including Bitcoin and eth have spiked Tremendously recently xrp has remained Around the 60 Cent level for weeks it Bears mentioning that xrp's low Performance has been attributed to the Ongoing legal tussle between the SEC and Ripple the lawsuit which was introduced In December 20120 has had a devastating Impact on the coin so I'll pause to say I agree with the idea that xrp in terms Of adoption and where the price is now Absolutely tremendously harmed over a Span of years unquestionably true but is The lawsuit still holding the coin down Is it still holding xrp down I I don't Buy that for a second more on that we'll Circle back to that but peace continues For instance xrp missed out on the last Bull cycle in 2021 as a result of the Lawsuit while multiple crypto assets Reached new all-time highs in 2021 xrp Could not break its previous all-time High of $340 cents recorded in January Of 2018 despite xrp's low performance in Recent times prominent legal expert Bill Morgan speculated that the coin can Still reach a new all-time high this Year after the resolution of the secv Ripple lawsuit to back up his prediction Morgan highlighted four factors that Could Propel xrp for a surge above
$340 okay so let me take you to what Started all this um I don't need to read The rest of the article let's go Straight to the source there was a post Yesterday from attorney Bill Morgan and He wrote The Following time to buy some more xrp with Bitcoin at or touching all-time high and Xrp at 62 cents and near alltime low Against Bitcoin time uh time the time is Ripe you know what he means by that Though so and it's true though like I I Firmly believe what he's stating is Accurate my personal opinion here but Historic there's plenty of historic Precedent dating back to 2014 that when Xrp priced in Bitcoin looks this dismal Dismal it happens at moments right Before it just Rockets to the Upside and event because eventually the Damn breaks that's the deal folks Eventually there's such a disparity such A huge gap with xrp uh you know even if Xrp is moving sideways so in terms of What it's worth in United States dollars If Bitcoin just keeps taking off Eventually people recognize this people Start buying xrp and then other people Recognize wow this pretty big gap and Then they start buying and then Eventually when it starts moving up Enough you get people buying xrp just Because other people are doing it even If they don't know what the hell xrp is
Because humans are completely ridiculous That's what happens and I'm counting on Xrp are humans to continue to be uh Acting in completely ridiculous ways With their hard-earned money even as it Pertains to xrp price movement why Wouldn't it it's a green candle is a Green candle Folks it's not about I mean dog with hat What Pepe like guys dog ecoin Doge like I'm just saying I'm just saying so I Think that Bill Morgan makes a lot of Sense there and nobody knows for sure What's going to happen with xrp price Action I'm just telling you in a general Sense what my conviction is and where I Think roughly it's going to go but I'm Not going to make a price prediction and I could be wrong nobody knows for sure It's going to happen with xrp price Action but I feel very strongly this the Way that I Do and then you have xrp Community Member Sherry respond to attorney Bill Morgan and I'm not sure what Sherry's Background is but she's had all sorts of Insightful takes from a legal Perspective so I don't know if she's a Lawyer herself but but uh she's had some Very good insights throughout the Entirety of the secv Ripple case Certainly no slouch she responded to Bill Morgan and she doesn't seem to have The same confidence and that's fine not
Everybody does this is not an attack on Sherry obviously for sure for sure not Um but U Sherry wrote to Bill Morgan and Said I plan to actually reduce my Exposure small amount today and then More shortly after the laugh last brief Is filed should the SEC file an appeal Soon after the judge rules on remedies I Don't want to stick around for that and Miss another Bull Run so um I got to Admit I was pretty surprised by that Knowing how how um you know how Insightful Sher has has been throughout Uh the the sccb Ripple case um and Everyone's entitled to their opinion I Was just admittedly a little bit Surprised but who knows maybe she's Right and I'm wrong I'll tell tell you My take too but um I just I don't think The market cares and so here's what I Wrote SEC attorneys wrote to the court stating They have no intent to appeal the status Of xrp as proclaimed by judge Torres Separately I'll note that I don't think The market cares what happens with the Rest of the Ripple SEC lawsuit okay so Folks that's why I took the time I took A couple minutes at the outset of this Video uh to refresh your memories and Show you the specifics where uh even the SEC was like yeah what are you talking About it's you know computer code no Inherent value and by the way when they
Wrote in no inher value um like some People might be offended by that the SEC Wrote that right here uh maybe they were Trying to be offensive I don't know I Don't care because I don't think that Any cryptocurrency has inherent value I Don't think any crypto has intrinsic Value I think it its value is derived um From people who use it for stuff if People use it for stuff that's value but It's not innately there it's just it's Computer code if I write computer code And then I just keep it to myself and Don't launch it and there's no Blockchain launched like nobody's using It it's not valuable so it certainly Wouldn't have intrinsic value right um So I actually don't take issue with that I just wanted to mention that just is an Aside but I just I really don't think That the market Cares like even if there's even if There's a successful Appeal we are the SEC wrote they're not Appealing the part about xrp like to be Clear if there's an Appeal it What will not be a part of that is the Status of Xrp for sure full stop it's not that's Just how the law works it's not going to Be and in in fact the reason is because This the legal status of xrp isn't Something that was technically that that
Was asked to be ruled on by the SEC but Since Judge Torres wrote what she wrote That is the law so it's it's that's why The SEC stuck that's what's so cool About this so even if there's an appeal I just can't imagine I mean it's I mean Okay fine I can imagine I don't think It's remotely probable that you're going To see xrp price take a hit and even if You did I think it would be a blip on The radar I don't think people actually Care because xrp is safe period it just It just Is um and so again Sherry feels Differently that's fine I mean if I'm Wrong I'm wrong I could be uh I I don't Think I am but uh but anyway Sher wrote Back to me and said that is correct However the clarity for xrp did not Create demand and the current price Reflects that if Ripple's lawsuit Continues on in theory their level of Business Outreach might be affected well I would agree that if the lawsuit Continues it could impact Ripple but It's not going to I don't see why it Would impact xrp especially uh for this Bull cycle I don't see why that would Happen because I mean even with ripple Like they're still using it for ond Demand liquidity all over the damn Planet so if it's a hold up for them for One developer building on top of the xrp Ledger for any Corridor touch the United
States okay but in in all reality there There are tons of ways that you can Ripple can have a workaround about this And they've talked a little bit about it Publicly David Schwarz has talked about It a little bit publically so I don't Think I just I'd have a hard time Imagining that this is this would cause The market to freak out and even again Even if there's a dip I would have a Hard time believing it something that Would would uh would not be remedied Quickly I again I could see a blip on The radar maybe but I'm not even Convinced necessarily that would happen Because xrp period has legal Clarity and Then as far as it's um you know not Creating demand well understand like There weren't new people jumping into Crypto when the news broke that xrp was Had legal Clarity the only people that Gave a damn were the people that were Already in crypto nobody else even knows What the hell xrp is so we were at a Moment in time where um you know in Terms of price action crypto was heading The wrong way it was head heading down For months after xrp got legal Clarity Was heading down so and knowing that xrp Files Bitcoin um to think that that's The reason that people just don't like That's some sort of bad sign for xrp I To me that doesn't compute and again That's just this just my opinion and if
I'm wrong I could be wrong I I just Don't think that is the reason for it I Just it's pretty clear there was a bit Of excitement on the news that stuff Happens in crypto right and then it went Back down quickly again that stuff Happens in crypto But other than that xrp is moving in Lock step with the Market it's I mean it's it's been moving Up since the you know recent bottoms Right so take that for what it's worth So um my post to Sherry was was uh Reposted by attorney Bill Morgan and That's what they wrote the Crypt basic Article about what he has on the screen Right here and this makes a ton of sense To me so I wanted that's why I'm making This video I think this makes a ton of Sense and it's interesting to get the Perspective from somebody who who does Have a legal mind is in the legal Profession and so here's what he said no Appeal will disturb the finding xrp Itself is not a security you are correct The SEC said it will not appeal that Finding the market took it into account As the short-term price uh price Rises Showed I think the market did care about The lawsuit but the impact on xrp price Was baked in by early 2021 when the lawsuit ends though Regardless of the penalty I think the market will react positively
The market needs to see and then he Names four things number one legal Clarity on the status of the asset Itself two the lawsuit finally ended Three xrp being sold on us exchanges Four Ripple still able to sell its xrp And use xrp and its crossb payments and Liquidity Solutions in the US and not The subject of a business uh stultifying Permanent Injunction and then he wrote we only Have one and three so again what he's Stating is we have legal Clarity and xrp Is on exchanges we have two out of the Four that he listed there is what he's Noting so he says we only have one and Three now thanks to judge Torres two and Four will unlock the Deferred massive Impacts of one and three and so and then He wrote this is uh this is the most Consequential part that we all care About he wrote the lawsuit still matters But xrp can reach all time high this Year without two and four yeah and I Would agree with that especially that Last sentence um regardless of that Regardless of two and four I still Believe xrp can and will hit a new All-time high so long as uh we have th The rest of the alts take off I it Doesn't compute to me that xrp wouldn't Because the Market's not going to give a Damn in Euphoria oh a new green candle Shiny like take my money like that's how
Humans behave why would xrp not be a Part of especially now that there's you Know it's it's not a leper anymore you Know like it's it's you know it's not Being attacked by the SEC like in 2021 It was viewed as a leper basically you Get get that thing out of here go go Live in the woods you know like we don't Have that anymore xrp is now Unshackled we don't have to worry about That and then so as far as Point number Two he said uh the market needs to see The the lawsuit finally ended um he Could be right I'm not convinced of that Like I said I mean I've been saying it Throughout the video I I'm not convinced I could be wrong I I I admit that I just I don't think the Market's going to care And then as far as xrp utility it's Being used even if you care you think That what Ripple's doing with it Actually matters to the market even Though there's not really great evidence To show That xrp is still being used in Ripple Payments as a bridge currency throughout The entire world today so if you think That you know it not being used in any Corridor touch in the United States say It never could be again for some weird Reason I don't think it's going to Happen but say that was the case that One thing would cause xrp to not hit a New alltime high it's just hard to
Believe like that would be that would be Very difficult to believe but again Bill Morgan even said you know the lawsuit Still matters but xrp can reach alltime High this year without two and four and So I do agree with that um I mean in Theory I guess it could matter to some Degree I just I'm not really convinced Of it he could be right though you guys Can tell me what you think I'm just a dude on the internet talking So I know I could be wrong but I just I I I look at what the the market like Having been in the space forever six Years I look at how humans behave and There have been as far as I'm aware zero News events initiated by Ripple that Have impacted the price of xrp zero I Haven't seen a single good news event For example from Ripple and then the Price goes up like I can't think of a Single one now obviously the SEC Attacking Ripple that's an SEC initiated That's not something Ripple did that Would be the SEC impacting the price of Xrp yeah that's True um and then we got the good Resolution yeah okay well that was Because what the SEC initiated here so I I still think it's coming a matter what I don't know you I'll stop ammer on here But you guys let me know what you think 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 until next time To the Moon Lambo
