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Hello this is Matt on the moon Lambo Channel rumors swirling throughout the Entire day on social media about the SEC Engaging in settlement talks with ripple Today in fact that led to headlines all Over the place in crypto media like the One in your screen from you today did Ripple just have settlement talks with SEC okay so widely discussed but is is This just a rumor or is there something To this well it turns out it is more Than just a rumor the SEC and ripple did Indeed have a settlement conference Today so that part's true and I actually Have some pictures to share with you Which I'll do towards the closer to the Beginning part of this video but uh the Part that I really want to try and set The record straight on is what this Actually means uh for the status of the Secv Ripple lawsuit and what it might Mean for xrp holders because I think That there's well reasonably so I Understand fair to have all sorts of Talk about this within our community Speculation uh but I think that some People are missing some key facts that Might make them ask different questions Frankly but uh so I'll get this all Straight out in this video 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 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 as a quick Reminder I'm assuming most of you are Aware of this at this point but just in Case it's worth uh being aware of what Is on your screen right now because it's Happened just several days ago and so This happening at the same time that There actually today were settlement Talks between the SEC and ripple pretty Fascinating but here you can see the Headline from Reuters on March 25th us Seeks $2 billion do with a B from Ripple Labs Chief legal Officer says now that Was Astonishing now and not that um you know It's it's just so hard to believe the SEC would do something no no no no that Part's easily believable it's just Astonishing like the audacity like like The um you know the pure prick of these Assad Attorneys at the SEC that they'd Actually submit this and they did Ultimately submit this U as request for Damages to the judge in the case with a Straight face they actually submitted This that part's astonishing the fact That they' be behave in such a way it's Completely unprecedented and grotesque That that part's not surprising it's It's wildly unreasonable and
Inappropriate but that's what they did And so and I talked about it at the time And I don't want to delve too deep into This but I said look this is basically An attempt to uh a put Ripple out of Business and or B you know harm xrp Holders because Ripple doesn't have this Much money and it's funny because their Um uh their original complaint there was I believe they were seeing 1.2 billion Dollar so now they're asking for $2 Billion after they lost on the most Crucial matter of the case which is Whether or not exerp itself as a Security now they want even more money Might they be a little bit angry might That be what's actually going on here I'm thinking the answer might be yes so It's completely absurd obviously but uh The only way that Ripple could get those Kinds of funds is by dumping xrp all Over the market harming the the uh Investors that allegedly the SEC is Trying to protect now I don't think That's going to happen I don't believe For a moment the SEC is going to get Anywhere near this I don't think judge Tores is Gonna Fly let this fly I just I I don't I just don't believe that for a Second for so many reasons leading up to This leing up to the end of this case Here uh but we we do have funny enough Several days later we there are actual Sec
Uh settlement talks with ripple that That is a real thing and in fact there Is this post which went pretty viral Within the xrp community here's uh Boba Feat on uh on social media platform X And this is incredible traction talk About going viral within our community Uh 327 followers on X 302,000 views that Is impressive okay that is impressive And so he wrote spotted Brad Garling House and steuart aldera at the federal Courthouse in New York today settlement Talks question mark and and so Understand and that is what what um kind Of set this off that wait so they're What are they doing here are there Settlement talks and so there was Speculation about that and I see why That uh you know quickly spread like Wildfire I mean these are actual Pictures of them um and so that was Reposted by John deon's cryptol Law Organization and said this is today Question mark can anyone in New York Confirm uh which is pretty reasonable to Do nothing against Boba feet here but uh What if this is an old picture you know I had the same thought initially myself I was like well okay that could that Could be true I was looking at this Afternoon like maybe that's true I mean I'd like to get some sort of Confirmation um and so there was this Post uh this is the only other time that
I saw the two together out in public in A city environment with suits on uh There's this post from Brad Garing house From September of last year September 19th 20123 you may have seen this before They're posing in front of the uh the SEC building now mind you this is in Washington DC but I wanted to see the Pictures that are allegedly from today Are they actually from today or see That's the first one here's the second One so you can just see their backs There so Stuart aldera in this picture On your left Ripple's Chief legal Officer brg Garland house Ripple CEO on The right there and I just wanted to see Could this actually just be in Washington DC from uh from September of Last year and so I went back and saw the Old picture uh the answer is no first of All they are wearing different clothes So that's for sure and you can see Steuart ald he's got some sort of coat Right here which he's not wearing in the Pick in front of the SEC because it's September and that would be completely Unnecessary so at least you know it's Not the same uh at the same um at the Same it's not the pictures weren't taken The same day so there's that but that on Top of the fact that there actually is Uh proof that there are settlement talks Which I'll show you right now uh here You can see Fox Business journalist eler
Teret she wrote according to court Listener there was a settlement Conference scheduled for today March 29th and so she asked Ripple about this And she wrote Ripple gave me a nothing To share comment so it did happen today It was in New York and um and erer Wasn't able to get any sort of Additional information out them and Here's the official court listener Website and I'll scroll down just to see You guys so you've got the proof for Yourselves it is right at the bottom Here uh here you go March 29th 2024 Settlement conference so that is what it Happened so it's about a 99 99% Repeating chance that those pictures uh Are from today you know uh but either Way there certainly was an actual Settlement conference okay so what's Going on what does this mean that Settlement is likely this is going to be Over and what does that mean for xrp Holders well first as far as what it Would mean for xrp holders if there's Settlement or even just a positive Conclusion of the case I just don't Think the market cares now I could be Wrong and so like I admit it's plausible That there could be some sort of initial Reaction especially if it's positive But I think that that'll be shortlived That would be my guess because the Question of the legal status of xrp it's
That's the only part that matters us It's concluded so if fxrp actually took Off on positive news of this ining Settlement news whatever it is um if it Takes off my only conclusion is this is A a very exuberant market and people are Not acting rationally that that would be My actual response if that happens now I Don't think that's going to happen maybe You get a little bit I could see like it Is plausible it's pretty reasonable to Suppose that maybe you do get some sort Of little pop on the xrp chart but would That be the moment where xrp is like now It's safe to run when xrp already had Legal Clarity almost a year ago I mean You understand that it's almost a it's Almost April and so three months after That that's that's that's when it's the Oney year anniversary for this thing and I just I don't I it doesn't make logical Sense that's all I'm saying so I don't Think it matters on that front um but But could there actually be uh would it Be reasonable so that this is some sort Of indication that settlement is Imminent well it's always possible you Could get some sort of settlement but Mind you this this is in the remedy Phase here it's not we're not Questioning you know who is who was in The right or who is in the wrong unless There were some sort of SE successful Appeal which is not the phase that we're
In right now so it's if there's a Settlement then you know this would just Be in the remedies portion so they'd Agree on the penalties of this now given That the SEC went so off the rails Asking for billion freaking dollars and Ripple would probably be like we could Agree to zero we could agree zero like So given the disparity there I'm going To guess I'm going to Hazard a guess That it's not as probable that they're Going to reach settlement uh but I have Absolutely acknowledge anything's Impossible because we are we're not even A fly on the wall we are not privy to The inner workings of this and the the The super duper top secret conversations Between the SEC and ripple Executives we Just don't know so it's purely Speculative but just given what the the Forward- facing information and how abur The SEC continues to act and the fact That SEC already won on everything that Matters I I what is what is Ripple going To cave on like what why do they have an Incentive to do anything frankly let the SEC continue to make a mockery of Themselves with these ridiculous Financial requests which I don't think They going to go any anywhere near the Way that they want to and just let it Play out that would be my forun guess Anyway and then there's this post from Fox Business journalist elanar terret
This is probably the meeting that was Scheduled to take place to the April 16th pre-trial Conference uh we knew about this meeting In October although there was no Scheduled date looks like it took place Today and so there you go this was Ordered it's a part that's highlighted On the screen here in this red red Little circle uh October 3rd 2023 so at The time didn't know the date but it is On the record it's on court listener This was the Day um and then we had this post uh from Xrp community remember Wrath of Conan he Reposted what I just shared with you From elanar terret and he wrote The Following to underscore the settlement Meeting scheduled today was set a while Back it appears both execs were at a Meeting today but it isn't evidence of a Settlement only that they are adhering To process Bingo and so that's the part That I think a lot of people were Missing because initially when the Speculation started and I can see why it Happened it's because there's pictures They're in New York if these are new Could this mean settlement totally got Where why that happened but then once You recognize oh well the judge demanded That you have that you know you have This conference even if it's not going To be fruitful that the judge said you
Must do this oh okay well then it's not As surprising it doesn't necessarily Mean anything we shouldn't you know read Into it too far in fact um former SEC Attorney Mark Fel is act asked exactly About this and he said the following on X it means the parties have settled Ripple will paid $2 billion and it is Now illegal for you to trade xrp no Sorry I read that wrong it's a mandatory Prehearing settlement conference part of The ongoing scheduling order odds of Settlement about 0% to be clear that's my assumption I Have no actual knowledge of this yeah Fair enough and so that's just based on His history uh being an attorney for Decades so I I'm not reading into it Something could happen I doubt it we We'll see so I just wanted to get the Record straight on this because there's So much speculation today sadly it's a Big nothing but I don't think it matters To xrp Holders frankly so that's what I Got not a financial adviser you should Not buy 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
