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Welcome back to the show everybody check Out these headlines well the global Warming narrative equals game over Ladies and gentlemen we've got that and So much more I tell you xrp price glitch Or liquidity drying up Chris Gian Carlo From the digital dollar project black Rock's excited about xrp Ripple in 48 Different countries and 2.1 quadrillion Dollar market could send crypto into the Stratosphere we got that and so much More somebody roll that beautiful [Music] [Applause] Intro digital perspectives with Brad KES Come on [Applause] In welcome back to the show you can Follow us on Twitter and YouTube for Exclusive content right now 1.63 Trillion market cap for crypto the Market is off by 4.7% in the last 24 we See 41,9 Plus for Bitcoin off by 4.6 in The 24hour $2,223 and change for ethereum it's off By 5 a half% on the 24hour xrp right now 61 cents off by 6.6 in the 24hour tether Market cap 90.7 billion plus I believe That to be an all-time high for an asset That we don't know how the government Really feels about it we got more on That in just a second you're going to Want to see it range of price for XR P Right now between 61 cents on the bottom
And almost 67 cents on the top 6693 on the top range sitting towards The lower range now we will keep an eye On it let's look at this very quickly Right here now 542,000 registered users and growing When are you going to be the next one How much longer are you going to wait All you have to do is click the link Underneath this video to my sponsor link To.com sign up and register and get Started today it's that simple and the Most affordable minimums in the entire Private Equity space don't believe it It's still true incredible companies Uphold Ripple poly sign link to Themselves Axia there's so many in there You won't believe it I can't list them All because we don't have enough time But that's why you got to click the link Sign up register get started today don't Mess around around the stuff doesn't Last long get some before it's Gone well price glitch price glitch Price glitch xrp you know I never seem To see this for other coins in this Space but I always see xrp price Glitches for Xrp this one here caught by I think it's Amalay who says 90 cents on Bitrex now the question here for me is Is is it 990 cents because of a price Glitch or is it 90 cents because bitrex Is having a liquidity issue for xrp
Specifically related to their exchange We don't know the Answer this here Christian Carlo the Head of the digital dollar project Responds back to Warren Davidson from The uh House of Representatives here he Says uh first Warren Davidson said Chris That's rich corrupting money into a tool For coercion and control is evil a USB Central Bank digital currency would have All of the surveillance power of China's Cbdc we just like our own government Better so far cbdc is the one ring to Rule them all and should be cast into The fire now listen I'm not a fan of Cbdcs either but Christian Carlo has a Better Outlook and understanding of this Than anybody I have ever come across There's no question about it now he does Talk in here and I have covered it Extensively on this channel so I'm going To paraphrase this portion uh for Everyone Chris has Talked to Great Length and with great clarity about how There needs to be a constitutional Standard to any digital money that is Created which means your privacy rights As a Citizens you using it will be Respected just as the paper money that's Folded up in your pocket right now now That's that conversation now I want to Bring you to a section in here and all Of this is fantastic and you can listen
I think it's like from 1040 to 1940 in Here I believe but I want to take you to A couple specific points one starts Right about here let me get this yes Right about this area right in here Sorry it's not perfect but I want you to Listen when he's asked about Bitcoin the Spot Bitcoin coin ETFs listen to this Quick Exchange in here and then it goes Right into and I'm going to let it run Straight into uh putting his regulatory Hat on and then Christian Carlo makes The uh analogy that we've made often on This channel about the railroad industry And what it did for the development of This country and tying in the different Regions and the different uh Regional Economies of this country take a listen To this clip first about the uh spot Bitcoin ETFs JN and Mike ask him about ETFs what's what's happening on can you Like jump into that where are we with The a Bitcoin ETF or whatever so um you Know when I was at the cftc we Greenlighted the first regulated market For any type of crypto and that was Bitcoin Futures in in the US that was Five years ago and that market today is Liquid it's transparent it's it it's Operating very very well and it's fully Regulated it was on that Bitcoin Futures Market that the SEC greenlighted An ETF today we do have an ETF but it's Based upon the Bitcoin future not based
Upon the spot Market what we're talking About here is green lighting and ETF on The spot Market thus far the SEC has Been unwilling to do it because the spot Market is actually outside the cftc's Jurisdiction long story which I won't go Into now but it's outside Congress is Toying and there's some bills that would Give the cftc oversight of that which Would make the sec's job much easier now Having said that there's a lot of reason To believe that the SEC may be getting Ready for an ETF on the spot Bitcoin and Ethereum markets right now and if we Look around the globe Canada's already Done it Germany's done it there are Other functioning markets that are Healthy that are uh well regulated and So I think there's very good arguments That the SEC should and I think there's Anecdotal evidence that they will uh Greenlight that product sometime in the Beginning of the year Chris I'd love it If you could put your old Regulators hat Back on from your days at the cftc Because we've had such an aggressive Crackdown in the last year or two you Know we've all seen San bankman uh fried Go to jail uh CZ the co-founder of Binance just pled guilty on and on and On the list goes on it's have we seen All the regulatory actions all the Enforcement actions all the criminal Actions that need to be done to clean up
The space or do you think there's more Work to do well certainly we've seen the Big ones I think FTX and binance long Rumored um are the big ones in that Category I'm not aware of any other big Ones but let me put in context if I Could both the the regulatory actions And the criminality and I want to if I Could just go back 150 years another Period in American history when a major New technology came along that Transformed the United States and that Was the railroad the railroad allowed us To tie together a series of regional Economies and a one National economy but And so it was fundamental to our Nation's progress for the next 150 years But remember it was accompanied by a Myriad of scandals and frauds in the Sale of railroad stocks right right you Know U famous names like the tras and Others were involved in all kinds of Fraudulent Behavior selling stocks and Railroads that didn't exist we're now Facing another new technology that in a Similar way has the ability to tie Together a whole disperate set of Economic activity and and I believe will Is the 21st century transform finance And Banking and money itself but it's Not that surprising that it's Accompanied by a series of high flying Scandals which we'll look back to Someday the way we look back to the the
Vanderbilts and the trks and others as Being speculators in a new technology But the technology itself has a Tremendous amount of value I I just Don't think he could say it any better And I think it's fitting that he uses The railroad analogy that we've used Here tons of times to explain that I Believe that we're 1centers right that we understand that We are actually involved in front Running Wall Street into these projects Into these tokens into these value Protocols I really do believe that and To some extent Christian Carlo does too We may differ on what they are but it's Exciting and refreshing to understand His point of view on what these power The power of these protocols really have Now this is why it's so important to Understand that we get stable coin Legislation and uh let us remember while This gentleman is talking here that xrp Is the only digital asset with legal Clarity might want to remember that one While this is happening he talks about Tether here and it may be the next big Thing that gets dealt with and it Doesn't mean it'll go away but it may Get some kind of punishment that forces It underneath a credential regulation Take a listen to what this gentleman Says here elaborate a bit on each of These Five Points very very carefully
Okay now the first one so a lot of People would ask me what what do you Mean by institutional grade and what is Institutional grade so you know given my Background as a securitization and Derous lawyer and a banker right from my Perspective if you want the institutions Like black Black Rock uh Goldman Sach Morgan Stanley I was previously also From Morgan Stanley to come in and play In this space You're going to have to give them a Token that has proper legal rights Interests and ownership right um you you Can't have a token where you cannot uh Pinpoint to any specific documentation That says that you have those rights uh If you can't then it's going to be very Difficult for anyone uh to be able to Come in and play this game now having Said that usdd has has done such a great Job uh marketing themselves and I've got To admit I I've I've I've HED usdd Before but because of that and I'm using Them as a NE as a negative example and I Explain why uh but because it is so um Uh widely used what I do is we would Allow people to make payment to us in Usdt but we will definitely off rampid As soon as possible the reason for that Is because uh and and I'm not sure how Many of us here in this room has ever Held usdt and I hope you're not still Holding usdt but you should ask yourself
A very simple question um usdt claims That claims that they are backed by a Portfolio of treasuries and cash Deposits and bonds and so on and so Forth listen um but the question is this Can anyone identify the document that Says that if I bring a usdt to court uh The judge is going to be able to enforce My claim against that portfolio of Assets right as of today um I have not I Have not actually come across any of any Such documentation so from my Perspective uh you know that that's That's the problem with a lot of um uh So-called real world asset uh SEC um Tokenization today and there you have it He just told you what the problem is Right this is why I tell you it is so Important that we get stable coin Legislation now that might not unwind Tether maybe it does but it may just Bring them underneath the credential Regulation maybe they pay some kind of Fine but I don't know how you kyc Everybody in USD tether cuz that seems To be where we're going and if it is I Don't know how you're going to go back And do all of that I just don't know how You do it but maybe they do but I tell You nobody has a paper that they can go To court with that says that USD tether Is to be honored and backed just like The US dollar right and that's a problem And that means you're at risk and that
Means the big money like black rock is Going to be on the edge edge of all of This until that is Rectified now with that being said it Doesn't mean Black Rock doesn't get What's coming because they do this is Ran ahed here from Black Rock vice President at Black Rock shout out to Chad Stein Graber for this reminder here Remember this when he said this a while Back what this space needs is a Decoupling from the meme coins and those With long-term utility use cases that Will disrupt many Industries in order For this space to grow and mature he Says Quant avac e2.0 xdc xrp many Promising projects waiting to take the Crypto Market by storm and now xrp has The clarity to do exactly that we're Just waiting for the banks to get the Green light too we know that from Brad Garling house meanwhile payment Institution MasterCard Mena fintech Association Ripple part of it connected to 48 Countries globally how about that one Yeah it's right here nice reminder of Where we're going the contrast between The market of yesterday and the market Soon to be of today think about it if we Get early 2024 stable coin legislation This Market starts to clear up very Quickly I just told you at the opening Of this video that 90 billion plus
Market cap of USD tether is Unidentified huh that's how I'm GNA Start calling that we got 90 plus Billion dollar market cap of USD tether And none of it is Identified of course unless the doj is Running some kind of investigation that We all don't know About but then there's this made the News today the Dtcc says today marked a significant Milestone as we have successfully closed Transactions to acquire securency which We broke the news on here on this Channel as exciting as it was now known As DTC digital assets ladies and Gentlemen if you remember securency was Acquired by dtcc and as it says here Rightfully so from cowboy. crypto give Him a follow secury delivers Financial Technology products for a tokenized Issuance in trading of Securities the Company's protocols can be utilized on The ethereum Stellar Ripple EOS and Other distributed ledgers as well as on Legacy systems allowing for seamless Onchain and offchain movement of tokens That is extremely exciting and is Extremely exciting because we know that Now that it's known as DTC digital Assets DTC will completely tokenize the Entire clearing Market uhhuh which by the way is a1.2 Quadrillion dollar derivatives
Market that's isda International swaps Derivatives Association that Ripple just Recently joined last Summer accident I don't think so and Then when I really think about it that's When it brings back the Question what is Ripple and xrp really Here to do r is here as a company as a Blockchain infrastructure company Helping to on board all these different Institutions onto the new value protocol Systems and interoperability between all Of them to get into the new world that We're moving to the fourth Industrial Revolution right xrp and The xrp Ledger Is to facilitate all of this in one part Of the tech stack where applicable and Where Needed why is it so hard for everyone to Believe as we are watching the Geopolitical events unwind the Petro Dollar agreement between the oil Producing countries along with Saudi Arabia to exclusively trade dollars for Oil in return for US military protection We are watching that be Unwound right Now it is what gives the US dollar its Elevated status as the world Reserve Currency and as it's being being Unwound Is it so hard to believe that Ripple Joining isda to help settle 1.2 Quadrillion some say even over two Quadrillion dollars in Derivatives could provide enough of an
Underpinning to use it instead of the P Dollar agreement to underpin the digital US dollar to provide its elevated status As a world Reserve currency to continue Along with the right privacy rights and Controls in respect to the Constitution You would have the greatest most Desirable and powerful and strong US Dollar that this world has ever seen for The next 150 to 300 Years just a thought make sure you join Us in the freedom Zone this is where We're going today I'm telling you the Global warming narrative smashed ladies And gentlemen game over you're going to See it in here we're tackling it all It's just stuff we couldn't talk about On social media or YouTube you know we Can if we did for even a second you know What would happen to us all well there You have it make sure you join us in the World evil Forum we got them there's a Whole new narrative you're not going to Like it but it's in here in the freedom Zone not Financial advice from me or Anyone else I'll catch all of you on the Next One
