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Hello this is Matt on the moon Lambo Channel folks it's been 3 years can you Believe it time just flies when you're Having fun it's been 3 years since the SEC sued Ripple uh effectively attacking All xrp holders on the entire damn Planet just ruining everyone's damn Christmas like seriously what an awful That's like the it's like the most awful Period of of being an xrp holder in fact For me I would say those earliest of Days were the wor worst experience I've Ever had in as an xrp holder and it's Not because of xrp itself obviously it's Not because of regular xrp price Volatility or anything having to do with Utility it's because of the SEC attack And the UN uncertainty that it Introduced in all of our Minds because in this especially in this Earliest of days it was hard to get a Handle on the degree to which the SEC Could be right or wrong now I thought They were wrong the whole damn time but Obviously I know way more today about That and why they were wrong than I did Three years ago but my gosh and just the Most it's the most consequential thing That possibly could have happened it Still blows me away that I put the most Money into xrp and that's the one that That's the one large cap that the SEC Goes after you you freaking kidding me And I'm sure you guys so many of you if
You've been around that long you Probably feel about the same as me right It's just ridiculous but U everything's Great I mean you should check out my Very last video by the way because I was Talking about how close we likely are uh You know to this final blowoff Top This Market cycle we're finally going to get Ours and I think that the is going to be Absolutely insane in addition to the Price um but Brad garlinghouse he just Shredded Kim Jong giner he just shredded Him on social media platform actually I Want to share with you what he had to Say uh and then there's also this story From Axios uh from nfts to xrp the biggest Crypto stories of 2023 and this is a good one but 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 should not Buy Herself 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 where did this all stem from Well there's a post from Kim Jean Guinsler on social media platform X and He wrote some utter nonsense which is a Thing that he does or or maybe it's just His intern because I don't know that
He's actually typing stuff with his Stupid little fingers maybe is but I Kind of doubt it I mean I just think He'd cry every now because it just the The amount of hate for this man which is Deserved of course It is intense but anyway here's what he Wrote or his intern there is a lot of Non-compliance in the crypto space it Undermines confidence when so many People have been hurt and all they can Do is stand in line in the bankruptcy Court further this can make it hard for The goodfaith actors to compete so you Might be shaking your head upon seeing This it's just offensive on its face as If Kim Jeong giner is flying in with a Cape to save the day does anybody's any Single human has a single human ever Felt protected in the world of crypto Because of anything Kim J Gins has done I'm going to Hazard a guess no now the Good thing about X and I do love this I Genuinely love this is that there's Something which if you're not on X you Might not be familiar with this there's Something called Community notes if Somebody says something that is Particularly false it might Garner a lot Of tension on social media platform X And there's an option to get a note Tagged to the post um disputing what's Stated so that you can get closer to the Truth um and I actually generally it's
Not perfect but I generally like how This functionality works because first Of all the code that they use to do this It's open source so uh you know there's There's total transparency with it you Can see how it works and you can see That it is applied consistently across The platform so that's good uh and also One of the requirements I've heard Elon Must talk about this one of the Requirements for a uh for somebody's Post to get community noted as it's Called in order for a post to get Community noted uh you have to have People who normally disagree with one Another come to a consensus and say yeah Actually uh what you wrote there is Wrong here's it's right and then the Community know it's attached to it but That's kind of a high bar if you've got People who regularly disagree and They're still agreeing on this one thing There's a much higher probability that It's true not a certainty and sometimes There have been bad Community notes but Those typically once you know the ones That are false or wrong they're Typically live for a short period of Time so they're they're pretty damn good But he got community noted here as he Should and uh the community not read as Follows crypto companies like coinbase a Public company that the SEC oversaw the Listing of have been trying to gain
Clarity on SEC guidance for compliance For the past few years the SEC hasn't Taken a clear stance and has relied on Regulation by enforcement and then they Provided a couple of links and one was To this article from Reuters this is From a week ago us SEC says no to new Crypto rules and I'm not going to read The whole thing but just the top part Here the US Securities and Exchange Commission on Friday denied a petition By coinbase global seeking new rules From the agency for the digital assets Sector which the country's largest Crypto exchange then sought to challenge In court the five- member Commission in A 3-2 vote said it would not propose new Rules because it fundamentally disagreed That current regulations are unworkable For the crypto sphere as coinbase has Argued coinbase later said it had filed A petition for review of the sec's Decision in court and so obviously this Is indeed the case so everything's hey Everything's set set to go in the world Of crypto that's the official position Of Kim Jeong giner and the rest of the Little assap pricks at the SEC uh it's Complete utter nonsense and it's Offensive on its face especially when You consider what uh some of what K has Been doing in addition to going on the Attack what he's been doing the last few Years which was brought up by Ripple CEO
Brag garlinghouse so garlinghouse uh he Actually reposted uh he reposted Gary Gendler's uh um well it's just a post I Guess they don't I guess they don't call Them tweets anymore um he he reposted What Gary gensler's account shared there In Brad Garling house wrote The Following stunning hypocrisy from the Person who cozied up to the biggest Fraud in recent memory ginzler is a Political liability whose actions have Decimated consumers and destroyed the Integrity of the SEC while remaining Buddy buddy with Wall Street yes spot on Brad gar house and he shared this this YouTube video it was real short I'm not Going to play it it was only about a Minute but it just rips guinsler to Shreds uh notes okay so while he was Making just millions and millions and Millions of dollars on Wall Street or Well he has uh so buddy buddy with Wall Street and I'd say that that buddy Budd Has persisted while he's been SEC chair Then what does he do when he come Becomes SEC chair well obviously we know He attacked Kim Kardashian like we were Protected from Kim Kardashian right Remember that whole Thing uh but what was he doing he was Meeting with with SBF as was cited in This video you can see it in the free Phrase Freeze Frame guinsler met with SBF October 2021 and March 2022 so he
Couldn't sniff out the actual legitimate Fraud the Ponzi scheme right under his Nose couldn't figure that one out but he Sure protected us from Kim Kardashian Thanks you prick so it's completely Absurd but the good news is we won we we Knew the whole time we were on the right Side of History didn't we and now time Has passed and we have been proven to be In the right which brings us to this Article from axius from nfts to xrp the Biggest crypto stories of 2023 and I'm Not going to read the whole thing but um Given that this is the three-year Anniversary of this coming down I Thought what a great thing to discuss And they go they have this this big list I think it's just the top 10 yeah it's The top 10 of various things happening In the world of Crypto and um the most important thing They list number one on their list is That xrp was ruled not a security oh how Glorious it is I wish I could have known That that would be the result three Years ago that definitely that would Have been nice I was always optimistic But you know you don't technically know For sure we could have gotten a bad Ruling but here's what axio Thro again Number one out of 10 one xrp ruled not a Security the year's biggest bombshell Remains mostly misunderstood while the Court found some impropriety in how
Ripple Labs originally offered its uh Its cryptocurrency xrp this was a Footnote that history will ignore spot On and as attorney Deon and many others Have pointed out consistently even Though it's you could say it's Technically a split decision what like 9010 because let's be real at the heart Of this matter is is the legal status of Xrp that's all that really truly matter In the scheme of things that's it that This is a just devastating defeat for The SEC and a massive one for us xrp Holders massive win and so you know the Rest of it yeah footnote in history you Know everybody's going to ignore yes That sounds about right and then they Wrote what really mattered US District Judge Analisa Torres ruled that the Asset today no longer qualifies for Securities regulation this was SEC chair Guinsler worst loss coming on what has Been the biggest legal issue for digital Assets how the government categorizes These instruments determines how freely They can trade in the US spot on and then they know Technically there could be you know this Could be overturned but obviously it Doesn't look likely and so yes Technically something crazy could happen As far as I'm concerned there's about a 0% chance that will ever happen I mean Like cuz even if this thing even if well
First of all the the the SEC even said That they're not going to appeal the Decision about xrp's legal status so to Me it's like open showcase like it's Done it's done but even if that could Somehow be challenged what do you think Happens at the Supreme Court level Anyway so I I just it's it's a silly Idea frankly I don't even think they Needed to have that that you know that Note in there about in theory it could Be overturn I just The odds of that are so close to zero It's it's to the point where it's really Not even worth mentioning because again The SEC said they're not going to going To dispute that and so attorney Deon Shared that story as did his crypto law Organization on on X and John Deon wrote I know about 75,000 people who helped Make it number one that's right xrp Number one most consequential thing in The year 75,000 people who made that Happen it's a good day folks a lot Better than Christmas of 20 20 this is Way way way better so enjoy and we're Going into bull season here I mean we're In Bull season obviously so enjoy this What a what just it's the best time to Be an xrp holder this is my favorite Time that I've ever been going through As an xrp holder because I'm well Positioned and I firmly believe we are Going to see that new W high at some
Unknown point in the future and it's Going to ex is going to end price Discovery and I could be wrong and it Could go to zero but I don't think That's what's most probable so we'll Just have to see what happens I'm not a Financial adviser you should not buy 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
