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Welcome back to the show everybody check Out these headlines Elon Musk gets Closer to the super app and what's going On with xrp Legend to automated market Makers somebody roll that beautiful Intro so we could find [Music] [Applause] Out digital perspectives with Brad KES Come on [Applause] In Welcome back to the show you can follow Us on Twitter Youtube and dig Prospectives decom for exclusive content Right now $ 2.67 trillion market cap for Crypto the market is up 2% in the last 24 66,9 plus for Bitcoin 3,400 Plus for Ethereum 103.9 billion plus market cap For tether xrp 62 cents we're up .1% on The 24hour and 2.9 on the 7day let's Look at the range of price between 62 And 638 63 63 cents good gracious yeah we're Sitting at 63 so we'll keep an eye on it Today I do want to remind you link to However has the best private equity on The planet Bar None look I just bought Some Ripple just what it was a week ago I Think it was yeah I dropped on it you Know I got in there they had that Special going on I said I'm doing it That's how you got to do it cuz I know
You you guys don't wait for me you guys Go in there and get it and then I'm like Hey I'm ready to get it and then it's Sold out that's happened you've done That to me isn't that something it's Awful what you've done actually now I've Done it to you so no we're even look This is how it goes you know they have The best private equity in the world There's no question about it click the Link below and I'm telling you right now I know there's people out here hearing Me every day about this and they're like Man I I bet it's really hard to sign up I bet it probably takes me long I got to Go get a bunch of paperwork and all of This it's actually very very easy to Register so make sure you click the link Below and get started today because it Is a remarkable opportunity to be in Private Equity looking at this right now Elon Musk inquires why ethereum founder Metallic butan left X I think I got an Idea Elon uh you may want to dig into Crypto law. us and start digging into That video librarian timeline that John D 's got on there that shows you what Eth gate is maybe that would answer some Of This then we have This ethereum's got trouble got milk got Trouble and now it looks like the secc Wants to go after ethereum because it
Switched from proof of work to proof of Stake let's not get lost on the Understanding that they should be suing Ethereum over the Ico but I personally Believe that they don't want to do that Because then the legal team for Joseph Luben and ethereum Alliance would have The ability to uh ask for Discovery from The SEC which means we need to see all Those little emails that went back and Forth that expose exactly what eth gate Is so now they're going after the proof Of state which is really uh a secondary Issue and I think on that issue they end Up losing because if you look at this And I agree with Brad garlinghouse here It says CEO going house has made bold Prediction about the outcome of SEC Versus ethereum battle over proof of Stake not the Ico uh Brad garlinghouse Stated last Thursday the SEC picked a Fight with the industry and is losing Badly in courts they're now fighting Fellow Regulators like the cftc and Falling behind International Counterparts at what point will the SEC Realize they will lose the war against e Just as they lost against xrp and I Agree with this because I believe that The crypto assets themselves are not Securities just as judge Torres has said About xrp but obviously these things can Be packaged as Securities offerings as I Believe the Ico for ethereum was so
We'll see how this shakes out but this Is what I said a long time ago about Really paying attention that I see the SEC going after different types of Technology they went after consensus Bantine Federated bantine agreement Which was Ripple and the structure of Ripple being a company and the digital Asset being separate right and they Legally went after that particular Approach to the market and then now They're going after proof of State this Is exactly what I have said I had a Diagram a few couple years ago I was Putting out and I said watch out because They're going to do the same thing to Nfts and they're going to do same thing To Defi and staking well here we we are Ladies and gentlemen and proof of work's Going to get it too at some point you Can bet your bottom dollar on it and Then here is a clip from back in the day Where uh Greg Kidd was an early investor In PayPal if you don't remember and also Obviously worked at the Federal Reserve And also worked at Ripple and TW an Investor in PayPal Twitter coinbase Ripple uh Elon mus founded Paypal Jack Dorsy founded Twitter also lived in kids Guest house and string together a lot That has happened in the last few years Watch to the end take a listen I mean we Don't even have a a a an app that's as Good as WeChat in China uh and like in
China you like live on WeChat basically Uh it's like yeah everyone is like been There like you live on WeChat you do Payments you do everything it's like It's great basic wechat's kickass um and We don't have anything like WeChat Outside of China so I was like my idea Would be like how about if we just copy WeChat hey Copy Them copy we chat yeah pretty much I yes We are public now we did invest uh as he Took it private um we're very excited About the he he believes in vertical Integration and I think he he calls he's Thinking about a super app like WeChat Pay remember he started in the payments Industry PayPal he sold his company to PayPal he and Jack dorsy working Together together I think could turn This into a super app and super app in Terms of money making but is it the Super app no I mean like a digital Wallet so you do all your banking there You do you maybe there's something They're doing with cash app you do all Your shopping there you get your loans There it's your bank branch in a pocket I think they have a good shot and one of The reasons as I've watched Elon he Truly believes in vertical integration That would be a magnificent uh vertical Inter integration and remember he he Already has designed and his
Manufacturing the ultimate mobile device Uh the internet on Wheels it's called Tesla cars he knows how to do this I'm Betting on the new forms of Wallets new forms of messaging that go With those so I believe like in the Future young people and those young People get older I'm not sure why you Won't have like a super app which is Just messaging on steroids messaging That's also your wallet right messaging Where there's Bots and you can buy Things you want to do you don't really Have to leave that messaging app so Instead of having like a 100 apps on my Phone this one is um this one is music The other one is words the other one is Money so I'm investing in the pieces of That infrastructure if you think about It the things you need to get to that World is you need messaging rails You need identity because you got to do It compliantly you need a ledger to keep Track of everything you need a wallet to Get access to the money and because we Still live in a card-based world you Need cards in other markets you need QR Codes so anybody who's building those Pieces those are the picks and Shovels right of the next world that I'm Expecting to live in and so I'm Investing in picks and Shovels you know I have this like Tech Investment f with guos right yes it's
Called sound Ventures and we invest in High-tech companies right right so uh Guys here those of you who don't know Guy is a very close friend of mine who Just happens to manage Madonna and you And Amy Schumer and everybody in the World And cool guy great guy smart guy and They're business partners so he's got a Side gig working with me yes right so we Do this thing called sound benches we Invest in tech companies and so we found This very interesting tech company Called Ripple that we're going to invest In Right you can see how connected he Is it's all right there right you just Can't make it up scooter Bron Gueri right you name it Jack dorsy Elon Greg kid the ties are Incredible which brings us to this Elon Put this out early this morning the Circle will be complete does that mean Circle in usdc coin is already tied in To the everything app which is X the Next we Chat things are moving much quicker than We realize I believe This then understand that The xrp Ledger Automated Market maker officially went Live just three days Ago and now we did have two issues one Was being aware of what single-sided Deposits can do to liquidity pools which
Damage one side of the asset in the pool If you're not careful and then there was A discrepancy found just a day or two Ago uh with some some of the automated Market makers which is not the same Thing as single-sided deposits so They're working to sort those out and to Be clear they were not a discrepancy With all of them there was only a Discrepancy with a few of them so They're working diligently to straighten Out those minor issues but take a look At this because it's been a resounding Success over 1,000 liquidity pools Emerge on The xrp Ledger that's how Quick this is coming together so brace Yourself ladies and gentlemen because This is going to come together very Quickly regardless of the little details That got to be corrected or or sorted Out and then I want you to imagine what Happens after we get this case truly Over and resolved in Ripple and xrp's Favor and then Clarity that allows the Institutions to begin to use it at scale And at Mass the demand will be ridiculous the Size of the liquidity pools will be Massive let's take a listen here why do You think the xrp Ledger is really you Know almost made for defi in a way its Throughput makes it a really good Candidate for that xrp is the bridge Listen to Jazzy Cooper here from RI
Think that xrp ledger is really you know Almost Made for defy in a way because I think The throughput and different things make It a really good candidate for that I Don't know if you want to kind of speak On some of the you know principles of The Ledger that allow that to be Successful yeah yeah that's a great Point so um The xrp Ledger is not tur Turning complete right it's not intended To be able to build whatever application That a developer can think of and that's The reason why we are looking into Adding an evm side chain but what it is Built for purpose built you know from The ground up is payments and B transfer So it is bingo incredibly fast Incredibly cheap uh for anything Payments and and um value transfer as I Mentioned it has the native order book Decks um which has a lot of uh sort of Neat capabilities built right into it um In terms of price optimization and all Of this happens uh for a fraction of a Penny um so that's really our our vision And our hope as we start to partner up With different interoperability players Um to really make The xrp Ledger a hub For Value transfer so that it doesn't Matter if you're transacting on polygon Trying to buy an nft or you're you're Doing some Advanced you know defi Strategy on on ethereum at the end of
The day if you want to swap token a for Token B using the right cross chain Infrastructure that'll execute on xrpl Main and and there you have it back in Your wallet without you ever leaving the Chain that you're on and executing at The fastest um speed and lowest price uh Anywhere in in blockchain so that's the Vision we're really excited about and That's why it'll be a multi-chain world After all it's a multi-chain world after All it's a multi-chain world after all Because the more ledgers and chains that You can get plugged into whether they're Legacy chains or whether they're Distributed Ledger technology chains the More change you can plug into that Decentralized native exch decentralized Exchange on The xrp Ledger the more you Can make markets that's what it's for so That's the beautiful upside to all of This now let's take a look at this here Uh xrp is the one crypto asset that Cannot be named Larry think of Black Rock take a Listen so and when you think about all The people who send money you know they May work in one country send money back Home they generally do that through Organizations that charge 5 to 10% there Is a need whether it's a Libra or Something else to Democratize the exchange of foreign Currencies something
Using as a medium of exchange using Things like ripples xrp for example an Idea that's been uh around uh it's it's Widely associated with ripple but it's Not only associated with ripple is this Simple chart what if I move Fiat to Crypto and crypto to Fiat this called a Bridge crypto or Bridge currency so You're talking about Larry thinkink from Black Rock right you're talking about The head CEO of Standard Charter that You just heard from and then you're Talking about the current SEC chair Gary Gendler they all understand exactly what Xrp's role is to be that's why I believe This case is as much an audit and vit Process just like it was for Microsoft When SC Su suit SEC sued Microsoft Tesla And Amazon now suing Ripple now here's why tomorrow March 26 Will be a Pivotal moment for ripple and RP because Of the filings in the case remember We've seen motion let's talk about What's going on here the SEC has already Submitted its opening remedies related Briefing along with supporting Documentation albeit under seal to the Court and this is after a joint sealing Has agreement has been reached between Ripple and the SEC this step is a Significant progression in the Protracted legal dispute with the span Several years as we know shout out to
Jim filin for breaking this information For everybody and it says here is Crucial to understand that the nature And significance of an opening opening Opening remedies related brief this Document represents a foundational Element in litigation process Essentially opening the remedies related Brief is the initial submission by a Party in this instance the SEC outlining Specific legal and financial remedies it Seeks from the court against the Opposing party Ripple Labs the amount of Remedies the SEC is demanding is eagerly Awaited in particular to interesting to See how much the SEC demands for the Institutional sales after the start of The legal dispute and as we know there's Going to be a dispute over those Contracts about institutional sales now With that being said let's take a look At what we have here so just a few days Ago Ripple lab C SEC presented detailed Schedule for remedy spay the Southern District Court of New York and there are Quite a bit of dates here so March 22nd Of this year they're all of this year Sec filed its remedies brief as we know Just a few days ago today a meeting Between the SEC and ripple to discuss And finalize the necessary redactions is Happening day before we see the public Files right uh and then on the 26th Tomorrow the sec's deadline to file a
Public redacted version of its opening Brief and in April 22nd Ripple's Deadline to file its opposition brief And April 23rd 24th a plan meeting to Finalize redactions for Ripple's Documents if necessary will file a Public redacted version of its Opposition brief May 8th the sec's Deadline for the public submission of Its reply brief provided the timeline Offers Clarity on the immediate Procedural steps despite the clarity Remains it talks about price here now Which we cover heavily uh with other Technical analysts that we trust on the Channel and that's where we're going to Leave it for today but this is what I Want to tell you is that things are Moving very Quickly we have to watch this because There's a lot happening between now and End of April in this case and keep your Head on a swivel because you can't rule Out the idea of a settlement as well all Right look that's going to do it for me Today is a quick day we're working hard We got a lot going on behind the scenes Today so I'm not going to be able to do A freedom Zone uh content today but I do Want to Encourage all of you is a great way to Support the channel and we are having Incredible conversations inside of here And I tell you something you know again
I am super grateful for everybody that Helped support the channel for almost Next to nothing it means a lot here and Mrs backup and I certainly appreciate it So we hope you will do the same not Financial advice for me or anyone else Come on In
