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Welcome back to the show check out these Headlines SEC versus Ripple ladies and Gentlemen remember it's not over what's Next is there a settlement still on the Table somebody tell us we got John Deon And Tony from thinking crypto to break It all down we got that and so much more Somebody rolled that beautiful Intro digital perspectives with Brad k Come on In welcome back to the show you can Follow us on Twitter and YouTube for Exclusive content right now $1.72 Trillion market cap for crypto the Market is up. 7% Bitcoin now 43,700 plus 2200 plus and change for uh Ethereum at the moment tether market cap Is 90.9 billion plus right now number Six spot as xrp has been taken over by Salana for the moment here and we see That we're at 61 cents we're off by 1.2 In the 24hour and 1 1.1 on the 7 day the Range of price right now is between 61 62 cents very tight range not moving Around a lot so we will leave it there For today but let's go ahead and look at This it's linked to ladies and gentlemen Your access to private investment and Let me tell you this we all know you can Get the best private equity on link to's Platform well how good is it well There's over 322 million invested on These incredible opportunities but look Here where one of them is chainalysis
Which you can get on link to's platform Time 100 most influential companies and Look who's sitting right there chain Alysis you know this really is a Remarkable opportunity ladies and Gentlemen I tell you it it truly is and To to to add to that point you know uh Picks and shovels blockchain play There's no blockchain without Chainalysis it's you know it's how the Good guys keep track of bad guys this This you don't have a just like we have An internet in a dark web chainalysis is What keeps the uh new internet the Distributed Ledger technology blockchain World on track ladies and gentlemen so It doesn't become the dark web that's Where we're at today make sure you check Out the link to my sponsor link to and Get you some chain analysis today Christine lagard president of European Central Bank uh being an anchor for Central Bank digital currency Innovation With the central Bankers is quite Important she says oh yes the relevance The control the power we mustn't lose it We mustn't Where Do We Stand we Bankers We have been operating as a monetary Anchor in relation to the commercial Banks and the private money if we are Not in that game if we are not involved In experimenting in innovating in terms Of digital uh central bank money we risk Losing the role of anchor that we have
Played uh for many many decades I love How she locks up for a second of anchor Right uh not of omnipotent all powerful Right you know I mean controlling the Rest of you you know uh It's it's so interesting this has always Been about power and control there's no Question about it uh this is John Deon Right here and we've got the highlights For you here in a second from John Deon And the interview with Tony straight Fire shout out to Tony for that but look This Falls in line and even the Highlights that we're going to hear About the case and everything and where It is today because we need to know Right and Cody Carbone says big banks Are terrified of Bitcoin it's a direct Competitor and consumer demand for Crypto is a large reality check for Banks and it really is the Monopoly Isn't unbreakable consumers deserve Opportunity not a ban on Choice it's Absolutely true and this is all based on The post that he shared here from Bank Policy Institute which essentially is Saying amidst an otherwise informative Article there's this statement crypto Has legitimate backers and applications Firms like Fidelity black rock may soon Win approval to launch exchange traded Funds holding Bitcoin a prospect that Has pushed up the tokens price and you Know what we all know that there's a
Massive line of approvals waiting for Spot Bitcoin ETFs and it is the large Legacy players from the traditional Markets and they are going to get their Way I pretty much see that coming so This is a little overview here from Ashley prosper and I thought it was so Spoton well Ripple has obviously uh said That they're honored to be added to the Central Bank of Ireland's list of Registered virtual asset service Providers allowing us to provide digital Asset Services within Ireland it is a Massive massive uh license that they've Got here and being registered on the List because it opens them up to the Entire European Union this is remarkable Ladies and gentlemen actually Prosper Says as we approach the three-year Anniversary of Ripple versus SEC lawsuit Ripple cements itself as a digital asset Provider in Ireland we will be able to Draw upon the Luck of the Irish and Finally move forward uh will we be able To and it says time will tell 1222 would Be a wonderful Christmas present it sure Would but you know what we have John Deon here courtesy of thinking crypto And we're going to listen to some of These highlights here I'm not going to Give you the whole thing because the Whole thing's fantastic but I'm going to Take and give you a couple segments that I know you're going to want especially
As we close out this year understanding Essentially SEC versus Ripple what are The next steps and then we're going to Take a look at um Canen Ripple recoup The law fees and the answer is no I will Give you that one right now and then We're going to look at Ken the SEC Appeal and this is really going to be a Very important highlight but let's pick It up right here and shout out to both Of these gentlemen here take a listen Your podcast is a security you just by The way my my my brass knuckle necklace Is a security under Gary gensler's Approach everything man it's it's Ridiculous at this point so let's talk About the Ripple case um because last we Heard uh the SEC had dropped the case Against Brad garlinghouse and Chris Larson um I was hearing or seeing some Things online about certain dates coming Up I think possibly this week or next Week tell us the latest there and what Can we expect next yeah well really Understand you're right so um the only Only thing that was pending before there Can be an appeal that goes to the second Circuit or even the US Supreme Court Related to the judge's summary judgment Decision there was the case against Brad Garlinghouse Chris Larson uh I was on Your show I was saying as was other People that it was the weakest case ever The SEC was going to lose it uh and the
SEC instead of losing it um said they Tapped Out right they they just said We're not going to win plus it would Allowed a lot of testimony right Bill Hinman or someone may have been tried Called as a witness and the SEC wanted To tap out from all that dro the case And so we're in the penalty phase and if People remember in the library case There was the summary judgment and then There was what is the appropriate remedy And so the judge basically said Um exchange sales are not Securities Sales the sales or the gifting or giving Xrp to developers or for other people That type of Transaction not a security and that the Only ones that that did were ones that Had written contracts with Institutions and those are really in the Early years now they add up to a lot of Money right because the judge included Odl sales and so it came to like $770 million and so what Ripple's going To be doing the SEC is going to do is Say we want every sell to every Institution to include Ripple's going to Say well wait a minute um these Transactions shouldn't be included so Let's take an odl transaction if the Person only um used xrp and owned it for A matter of second And then resold it you know Ripple will Take another stab at saying to the judge
Look that they weren't relying on us That was a utility transaction right and And that should be excluded Ripple will Say also that um there were exemptions So if you're accredited Investor I can sell you a security right You don't have to go register it because There's an exemption what well those Institutions by definition are Accredited investors so Ripple's going To say look at all these sales judge They are exempt from section five Registration and you know out of that 770 million I don't know how much that Adds up to right but you know Ripple's Just going to knock it down knock it Down knock it down I'm betting that that Adds up to the entire 770 million Million dollars that they're claiming They should have back at the SEC think of It the institutions are accredited level And Beyond they don't need to be informed if Something's a security or not this is an Excellent excellent point it could I Believe it could get the entire thing Thrown out to be perfectly honest so This this is going to get quite Interesting here now let me bring you Very quickly here so those are the next Steps but we all want to know can the SEC Appeal and will there be a settlement
Let's listen to this stretch here Because you're going to want This we're expecting this case to wrap Up in 2024 um do you think the SEC has any Ability to do any type of appeal do you Think it will get to that point well Sure uh both sides have a right to Appeal Ste uh let's say that um let's Say that uh The judge says no I'm going to not Exclude odl cells they're included and You owe 50 million I'm just picking Numbers Ripple could appeal that part of It like they could say the only part We're Appealing Transactions though the judge committed Decision is over regardless of what the Judge decides whether it's 1 milon or 100 million a fine for ripple the SEC Can appeal to the second circuit saying Judge Torres was wrong that xrp is a Security and that xrp on exchanges are Still Securities blah blah blah now I Want everyone to know I have to remind Them because this is such a nuanced Issue if The were to appeal that Decision right and they were to win Which they won't in my opinion so let me Make that clear that doesn't mean that The SEC that the case is over in the SEC One because what the judge did was
Brilliant in my opinion I call it appeal Proof right she Said when it comes to exchanges in Xrp um because of the Transaction and because xrp holders she Relied on our affidavit many of them Didn't even know who Ripple existed at The time that they couldn't rely on the Efforts of Ripple right if you don't Know that Ripple exists how do you rely On if you don't know that it's Ripple Selling it to you how do you rely on so She said the third prong of hoe is not Satisfied and since you have to satisfy All the Prongs I'm not I don't have to apply the First and the second prong I don't even Have have to do that analysis because The third prong doesn't apply so all That would happen is if the secc appeals It and if the SEC were to win the second Circuit would send it back to judge Torres and say okay we overrule you on The third prong now go back and apply The other two prongs and then she could Turn around and say common Enterprise Wasn't Satisfied rule back to Ripple and then It would go back up on appeal right and I believe she would do that because the Common Enterprise factor to me is even Worse for the SEC than the third Prong so the reality is the ruling we Got is the law for the foreseeable
Future for the next couple years and I Think it's I personally believe she will Not be overruled on appeal now the next Thing we're going to hear is really uh Is settlement still on the table now you Guys know where I'm at here I I've Definitely thought that this has got to Go the distance Supreme Court and I Believe that because I believe that's How important the protocol The xrp Ledger really is right I believe that no Question that for that level of value Transactions money tokenized value all Of it to move across something like The Xrp Ledger inside the financial System you are going to have to have Legal finality now do I believe it Should have to take this long to get Legal finality no I don't but that Happens to be the course and we happen To be further down the road than anyone Else is so Why Stop Now get that legal Finality let's go to the Supreme Court Let's have the highest court in the land Rule in our favor and then it will will Never be a question again but let's hear What John says and and do you feel uh Potentially a settlement could be in the Works is that's still on the table I Mean I don't think so right but that's Just me guessing and and and to be fair To the audience the uh listener uh who's Thinking they think settlement is on the Table is just as good as me right their
Opinion is no better than mine um but The SEC is in this war so if you're in The middle of the war and you're going After coinbase and you're going after Kraken and you're going after binance And you're saying that uh Alo security And you're saying that cardano's a Security and you're saying that these Businesses are Illegal then how do you thread the Needle with ripple right it's you could You could but it just guinsler doesn't Seem to it's all war it's scorched Earth Policy we're in war Elizabeth Warren Just initiated that bill it bans Bitcoin In the United States right it it it it Tries to it says that validating nodes Have to comply with anti-money Laundering Policy so software code with nodes out There in the world have to you know how Do you know your customer if you're just A Transaction you know you're validating a Transaction on on a decentralized ledger You can't so that's why it's a de facto Ban and um is is the SEC going to say Okay well let's come to grips and agree That um Xrp uh sold on exchanges is not a Security but cardano Is yeah so I don't see it you know and Um but listen to this because this is Important because of coinbase's case
That they have in front of the court Right now becomes very crucial to Whether this could be more drawn out in The process of getting the finality or Whether it could actually close the gap Sooner take a listen um the only thing That I see causing a settlement is if Coinbase wins their motion to dismiss ah Or partially wins it that's the only Thing otherwise it's going to be it's Still a war man we're in the middle of a War we are in the middle of a war and Thank you to both of those gentlemen for Taking the time to sit down today you Know uh this is where we are right and The coinbase case will be crucial we Have to watch to see what happens there A partial win or a motion to dismiss Could absolutely put more pressure on The SEC to settle with ripple we'll keep You up to date on anything that comes Out and that's going to do it for us not Financial advice from me or anyone else Ladies and gentlemen it's just my Digital perspectives I'll catch all of You on the next One
