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Welcome back to the show everybody check Out these headlines what would happen if The world's internet was severed we're Going to talk about it today in the Freedom Zone and how about this right Here binance removed from App Store I've got something we got to talk About here and how about the entire us Budget on a blockchain and how about Three reasons Ripple won't be paying That $2 billion fine the SEC want so bad How about somebody roll that beautiful Intro Digital perspectives with Brad KES come On In welcome back to the show you can Follow us on Twitter Youtube and dig Prospectives decom for exclusive content Right now $ 2.56 trillion market cap for Crypto the market is up. 3% 66,329 market cap Plus for tether right Now 54 cents at the number seven spot up One on the market cap spot to uh number Seven for xrp 54 cents we're up 11.6 on The 7 day doesn't that feel good 2.3 of That in the last 24 hours so maybe Things are starting to turn like the Technical analysts have told us to watch Out for I like seeing this 55 cents it Makes me feel a lot better today so I Hope it makes you guys feel better too Ranging between 53 and 57 cents it feels Like xrp is out for a run this morning I Hope it keeps on going little engine it
Could I want to start right here and Cover this for everybody um as expected Ripple references the goal case to Simplify it was determined that the Appellant court in the goal case that no Proof of harm was presented then Discouragement isn't appropriate so That's what we're looking at here shout Out to Sher emperess 21 for this one uh This is a reminder that when steuart Alara and ripple filed their response to The SEC remedies phase they pointed out This case that hey if none of our Institutional clients were harmed Because we made pre-allocated option Contract deals and arrangements with Them that they got it at a hugely Discounted price that they're not upside Down from the price that they got it at To what the price is today so how could You even consider some kind of a Discouragement action in that in that Knowing those facts right and then Highlighting goal case that brings that To Light now let's turn because we have This we have this we're going to share This around we have a lot of news that We can't let go of even though the Ripple case and the filing and Everything is important today I need to Set the tone for some things that are Happening here we saw this clip Yesterday it's very short take a quick
Listen to this matter of fact let me Give you this part of it since January 11th when it first came about yes have You ever seen this much inflow this Quickly into I bet is the fastest Growing ETF in the history of ETFs fastest growing ETF in the history Of ETFs now that's going to be important For the conversation here in a second so I want you to remember that now Understand that we know that there are Ethereum ETFs and we people want those Approved and may I believe is when the First one comes around the sec's refusal To approve ethereum ETF could trigger Another lawsuit against the SEC wouldn't Be surprising with the way Gary Gendler's been rolling but again we also Know that there's some trouble in the Ethereum network as well it did in fact Have an unregistered Ico it did in fact Get a free pass from William hemond's Crooked ass and Jay Clayton and others In the SEC suppressing the rest of the Industry while providing favor in Picking a winner remember when you hear Gary gendler say well I want to stay Tech neutral I can't speak to any one Particular asset or project right but Yet that's exactly what William Henman Did allowing for a token assembly line To be launched off the network giving Confidence for all kinds of developers From around the world to go build on
Ethereum because that's the one that's Got Clarity right well come to find out It doesn't right and now we know the SEC Is afraid to go back and address that Issue because of the boond Doling and Backdoor uh handshakes and all of that That went on I believe well And the $15 million that William Hond Accepted while being told by the Inspector General inside the SEC to not Accept it I could go on all day but the Reality here is now the SEC is choosing To go after ethereum over it being proof Of stake and that it graduated from Proof of work to proof of stake saying That if you're staking on the network Then you are in fact participating in a Security offering right so that's the Argument today now regardless of whether We think that's right or not I don't Think ethereum tokens are securities in And of themselves but they absolutely Did a Security fund raise that's for Sure Nevertheless all of that to say that This is a Mess and now we're looking at the next Round of rejections or approvals for the Ethereum spot ETFs and I would spec Speculate to say that that'll be a Denial and that's going to heat up that Now remember what is happening Ripple is Launching a stable coin on the ethereum Network and The xrp Ledger so I think
This will help if there ends up being a Mass Exodus off of that network if Things work out and everything ends up Smoothing out over the next couple years With this in the SEC with the ethereum Network then it's going to be a Beautiful Union and interoperability That's been brought to the join these Networks together so we'll see how it Shakes out but Meanwhile we're watching RFK JR says I'm going to put the entire Us Budget on a block blockchain take a Listen I'm I'm going to put the entire Us Budget on blockchain so that any American every American can look at Every budget item in the entire budget Anytime they want 24 hours to Day have 300 million BS on our budget And if somebody is spending $116,000 for A toilet Seat everybody's going to know About I tell you I do love this guy's Message and I love his Brash approach And how he just takes it right on Shoulders squared up to the point Whether it's this or any other issue uh I absolutely do like this guy and where He's going how bold he is to bring it Out there and it would be great to have All of those things on a blockchain so We can all see the kind of nepotism that Goes on right crony capitalism and Everything else that goes along with it But here's where we want to get to the
Philippines SEC orders Apple and Google To remove binance from their app Stores uh Oh all right now this is going to give Me a platform to take apart what I want To take apart So you remember what I said in the Beginning of this Video when I showed the clip of Larry Fank the CEO of Black Rock talking about The Bitcoin spot ETF is the fastest Growing ETF in the history of ETFs I ask a question where did Bitcoin Get all of its Liquidity from until the ETF was Approved it got it from the retail Market and and it got it through Directly through USD tether that is the On andof ramp and in fact for a long Time at least in the early days and Certainly I believe still now but that's Up for question but certainly in the Early days USD tether would print USD Tether by Bitcoin and then after Bitcoin goes up Then print more USD te it literally Sounds like the definition of a Ponzi SK Right So Market manipulation at the very Whatever you want to call it but the Reason I'm bringing it up Is we see ethereum being targeted we Know that the entire crypto industry is Being targeted rippo is working its way
To Legal Clarity and coming out of this Case now that doesn't mean that there Won't be an appeal and it may ultimately Go to the Supreme Court which I believe It does but I believe Ripple will have Power and strength to move forward and Increasingly bring adoption whether it's Direct ly or indirectly to the United States and certainly all their clients The 95% of their customer base outside Of the us as well now while all of that Is happening USD tether is now being Targeted Too we just heard recently in the last Week week and a half the US Treasury Target USD tether over illicit Transactions to help Russia avoid Sanctions from Swift Uhhuh so where am I going with all of This is USD tether the next thing to Happen and will it be Collapsed I know you can make a great Argument that there's too many Treasuries backing USD tether and it Would be harmful to the US Treasury to Do So but I offer this not if they've got a Place for all of that money to go to Like usdc and soon to be US dollar Stable coin launched by Ripple They could unwind that illicit Operation and shove that market cap into Usdc and Ripple's USD stable coin on
Ethereum and The xrp Ledger this is Speculative but they could happen they Could also just force tether to come Under credential regulation and off we Go but the problem there is is that USD Tether to my knowledge doesn't have K Kyc and AML and all the rest of it set Up So how can they turn it around I don't Know but the point for me here is This now that Bitcoin is getting its Primary liquidity I believe or it's Certainly on its way to getting its main Source of Lifeline blood of Liquidity from where the spot ETFs so could we be watching the stage Be set because what better way to get Rid of 20,000 tokens that don't need to Be in the space because they don't Actually solve a Problem what would be the best way to Get rid of Those because all your small Tokens The Only Way in the most of them is on off Ramp from USD Tether so if they wanted Bitcoin to live They approv the spot Bitcoin ETFs they Begin bringing the liquidity from the Reta investors outside of the crypto Space Shoring up the liquidity draw to Back Bitcoin in a legitimate Fashion Ripple plans to launch a stable Coin on the ethereum network and The xrp Ledger providing interoperability and
Liquidity and utility for the space Broadly and we certainly know about the Market infrastructure they've built Inside the financial system but if the US Treasury comes out and Deals a blow To USD tether it could wipe out 20 plus Thousand tokens that the only way in and Out of them is USD tther and wouldn't That be the quickest way to clean this Market up from all of the Bad actors out Here minus the SEC that's my thought for Today that's my thought for Today now before we get out of here I do Want to go through this very quickly Here and highlight if you haven't seen My first video this morning on the SEC Uh versus Ripple update and the Ripple Filing it is straight fire go watch that First video I'm going to highlight very Quickly here some talking points and the Three Things and reasons why Ripple major Arguments why Ripple will not be paying The $2 billion fine first is Ripple Argued that regulatory agency did not Demonstrate any justification regarding Whether an injunction was necessary Leading the crypto payments company Asserted that the SEC failed to Establish reasonable possibly Possibility for future violations in the Institutional related sales of Xrp the second argument is as Ripple
Emphasized that the SEC has not also Demonstrated the need for discouragement In the case and has expected Ripple Cited the second Circuit Court ruling in The goal case as we highlighted today Showing that if our clients and Customers haven't lost any money you Can't award any penalty for Harm lastly it argues that any civil Penalty should be most at most $10 Million instead of a whopping 876 Million the SEC is currently seeking Notably Ripple argued that the relevant Facts of the case support a lower civil Penalty rather than the high demand the SEC has made and that is where we are on This day and I want to remind everybody That while we wait for the final Responses to come in we know that the uh The remedies related opposition brief Will be filed on May 16th and afterwards The court would issue its final judgment It has been typically said and observed That judge Torres usually takes around Two months so that would put us June July probably late July early mid August Before we would get an ruling on the Remedies phase so that's where we are on This day now very quickly before we get Out of here I want to take you through Some charts and it starts right here egg Rag crypto says the xrp color code to $140 as you can see and I just want to Show you here you can see the Fibonacci
Levels and what we're looking at right Blue is a supply Zone we're not up there Yet we're still down here right we're Still down here in this 54 55 cent range But we're up out of that double bottom Area so we could be making that Turnaround coming out of the hole here We don't yet know but it's looking super Promising then I want to show you this From block bull says if we can reach the Top of the fibs of the xrp to bitcoin Coin pairs the xrp would be valued at $75 a cycle you could see the xrp to BTC Chart here and the way he's showing this Breakout that's setting up whoa my Goodness boy I'm reminded of Brian Knight from CNBC when he said the longer The base the higher in space my goodness Would I love to see that play out but We'll have to see what happens he goes On to say block bull does says how I Expect xrp to play out if we do a Measured move of the recent range he Says basically right here we could go up And tap a doar six then come back and Retrace between 66 and. 74 and watch out Ladies and gentlemen that's what he's Saying there he says soon as we cross 74 Cents xrp means business he says you Huddle for $27 minimum and aim for $70 This cycle oh my goodness well I Wouldn't kick that out of bed for eating Crackers now let's take a look at Stellar's xlm three macro targets could
Put that at one 80 and $10 well I love where this is going Because you guys know that I am big on Xrp xlm xdc harar Quant and a couple Others out here and xdc as well so this Is all super exciting and I tell you you Know in history we usually see Stellar Usually follow behind xrp at about a Third of the price that doesn't mean That it's like tried and true this is Very general observation But if that's at 10 Bucks xrp could be at 30 right and that Would put us around that $27 Target We've heard so much about from the Technical analysts super super amazing We're going into the freedom Zone but I Want to remind you we're nine days away From the largest xrp conference in the World May 3rd May 4th 2024 it's xrp Las Vegas I hope you will join us ladies and Gentlemen this is going to be a Remarkable event I am getting so excited To bring this to all of you and I want To remind each and every one of you this Is for you this event is your event you Are the prize you are the reason for This event you all of you that are Hearing my voice are the special feature It's not the people on stage it's you The people on stage are for you and That's what we've done and I cannot wait To unveil it for everyone Not Financial advice of me or anyone
Else I told you the world's internet cut Off we're going to talk about that right Now in the freedom Zone and how quickly It could be done oh my goodness this Could scare the Daylights out of it but Also it could also trigger a huge Catalyst for starlink and the thousands Of satellites that are waiting to bring Us the next internet of Value we're going into the freedom Zone Not Financial advice to me or anyone Else I'll catch all of you on the inside Come on In all right welcome back as promised
