Welcome back to the show everybody check Out these headlines we have for you here This morning America nuclear-powered Bitcoin oh don't believe it it's still True Ripple becomes a platinum partner You're going to want to know why and for What and Jeremy Hogan gives us the Number one reason that xrp is not a Security and how about xrp itself ta Technical analysts they're telling us 90 Cents could be in our future and 20 plus Bucks somebody wrote that beautiful Intro [Music] [Applause] [Music] It's with Brad kimes come on in [Applause] Welcome back to the show everybody you Can follow us on Twitter and YouTube Right now 1.22 trillion dollar market Cap for cryptocurrency and the market is Off by point seven percent happy Sunday Wherever you are 27 900 Plus for Bitcoin 1840 and change for ethereum currently And look at this 80.2 billion dollar market cap for Tether nobody's actually truly seen the Reserves and the U.S government has not Truly come out and declared and blessed USD tether at all we don't know anything About it Good morning xrp is 50 Cents let's take A look at this ladies and gentlemen it's
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Experiencing the benefits of private Investing now Excuse me look Uphold poli-side Ripple linked to itself Ledger I mean some of the most prominent Names coinbase was there before it went Public look you know some of the most Prominent names in the industry in space Are on this platform click the link Underneath this video and make sure you Check it out and see if it's right for Yourself in 26 days till the xrp Las Vegas ladies and gentlemen less than 50 Tickets left You know you want to get your ticket Before this runs out I'm going to tell You this is going to be an incredible Experience first ever xrp Las Vegas Conference you're not going to believe It it's going to be incredible come Connect with all of us I tell you it's Going to be a remarkable event Michael Branch recent failures of Silvergate and Signature Bank left Binance U.S without banking services Depending on middlemen banks to store Funds on its behalf you know uh I think This is the game plan right we're Watching a very Sinister game plan Executed through the government I Believe To crypto and the actors and Businesses that exist to help create the Infrastructure for it to exist
Meanwhile Jason cause is the CEO of Glint who will also be at xrp Las Vegas And if you haven't checked out Clint do That in the description trust me you're Going to love it I love my sponsor and I Was a customer first but they they talk About it introduced bill from the Texas House and Senate that would create a State issued a state issued gold-backed Digital currency the gold held in Texas Bullion depository would be redeemable For USD or gold Sounds like Glenn Go to security Glen it's key You got to check it out I mean gold I Tell you It is a remarkable experience once you Have it I tell you I just you know I Can't explain it I have but I tell you Should try for yourself To really fully understand the power it Brings to you America's first speaking Of power Powered Bitcoin Bitcoin has announced Remarkable results for the month of March 23 2023 and listen I did not know that they Had a nuclear-powered Bitcoin mine and I Tell you it's it's pretty remarkable I Mean you know nuclear energy is supposed To be the cleanest energy will this be Where we see legislation go to force Bitcoin into renewable energy or some Kind of clean energy that is the
Question But I tell you what we got something Bigger going on here today I want you to Take a look at this Ripple becomes first Platinum partner at Cbdc Symposium in London Now I happen to think that this is a big Deal and after reading the article and To you you may feel the same The biennial uh digital monetary Institute Symposium in London is one of The most prominent Gatherings of Central Bank digital currency industry leaders For the year 2023 Ripple is the first Platinum partner Check it out Ripple to San Francisco-based digital firm that Develops infrastructure for Global Payments has become the first Platinum Partner of digital monetary Institute Symposium 2023 as per sources this is a Pivotal gathering for discussing cbdc's Financial transaction rules commercial Applications of blockchain technology And related topics moreover cbdc's money Transfer legislation blockchain Applications and Enterprises and similar Topics will be all all be discussed at This Gathering Now very quickly I want to insert here I'm not trying to be dismissive of the SEC versus Ripple case but can you see How demand Around the world this subject this this
Service is Ripples of platinum partner regardless Of the SEC lawsuit just thought we Should highlight that as we read on You're going to want the rest of this Official monetary and financial Institutions Forum known as the omfif Which we've covered heavily here on the Channel and impartial Gathering Place For Central Banking economic policy and Public investment is hosting the Conference in London on May 10th and 11 2023 the in-person and virtual Gatherings will coincide the head of Public policy at Ripple Susan Friedman And vice president of Central Bank Relations James Wallace will both speak At the DMI symposium Key Regulators ussec cftc EU commission And the chiefs of crypto friendly firms Including officials from the Central Bank of China Italy Israel Malaysia and Brazil will be in attendance at the Conference cbdc's crypto assets Stablecoins International payments and Tokenization tools will all be discussed At length at this conference I cannot Wait for this Ripple collaborates on important cbdc Projects all across the world both as a Technical and research partner moreover Ripple will be looking forward to Providing private distributed Ledger Systems for cbdc's based on The xrp
Ledger blockchain architecture in Addition to providing advice to Technical assistance Ha we like it I like it I don't know if You like it but I like it Number one reason why xrp isn't a Security here's Jeremy Hogan's thread Shout out to him he's going to be Participating in xrp Las Vegas virtually Come on in Jeremy First he says under the legislative Definition of a security xrp can only Possibly fit under the definition of an Investment contract it is not a stock or Bond even the SEC concedes the Investment contract as it does here in This Going on to his thread an investment Contract analysis is governed by the Howie case and progeny it says here the Test in this case or in the case Investment in a common Enterprise with Expectation of profits and from efforts Of others was in response to a lower Court opinion that a speculative Investment was required he highlights it Here goes on to say here the Howie case Did not focus on the contract part of Investment contract but took it as a Given that a contract was necessary as It was responding to the lower court and Indeed had just addressed the contract Part of the test just before rendering The Howie opinion in the Joyner case the
Court had just discussed the existence Of a contract and had decided that there Was an enforceable implied agreement or Perhaps an explicit legal agreement but Either way there was a contract between The offerer and the purchaser an Investment contract In the Ripple case the SEC has failed to Argue that there was an implied or Explicit contract of investment instead It argues that the purchase agreement is All that is required and that it is all It proves but the argument tears the Investment from the contract as a simple Purchase without more cannot be an Investment contract it is just an Investment like buying an ounce of gold As there is no obligation for ripple to Do anything except transfer the asset as Is often the case because this is so Obvious there's not a lot of case Authority directly on point But all of the Blue Sky cases which the Howie case explicitly States dictate the Definition of investment contract all of Them had a contract regarding the Investment Indeed how can a person reasonably rely On an offerer to make them a profit when They have zero legal recourse when that Offerer fails to come through they Cannot even if the off quote four-part Test implies that a contract of some Sort is required
If these results seem harsh keep in mind That the designation security is not Meant to protect a would-be investor From making bad decisions the Securities Law or are only to require the offers Make certain disclosures regarding the Contract that the purchaser is entering The issue is not whether Ripple used Money from the sale of xrp to fund its Business the issue is whether the SEC Has proven that there was either an Implied or explicit contract between Ripple and xrp purchasers relating to Their investment there was no such Contract If you happen to be judge torres's law Clerk I hope this helps you begin Drafting the decision call me if you Need anything else Oh my goodness yeah we love Jeremy he's Great and you know what he said he can't Be there in person again like I said he Will be at xrp Las Vegas joining us by Video virtual appearance we're very Excited about that Jeremy to have you And privileged and honored and let's Take a look at this before we get out of Here it's at Greg crypto with xrp to 90 Cents says if xrp continues the Formation of below falling wedge then The target will be around 90 cents April Will be April mark my words he says well Not Financial advice from him or me or Anyone else but let's take a look here
At what dark Defender says here showing This chart He says hi all xrp had the initial break Just before our Target March 31st and Hit the target of 54 cents he says here Xrp has broken the initial resistance Nobody likes a retests but currently we Are in it unless we can't break or it Probably can break 54 cents the second Significant resistance will be between 142 and 185 which you see right here and Then this pattern will continue above 22 Dollars in days if we break the final Resistance okay well I'm gonna tell you Right now I'm going ahead and getting me A some kind of a seance voodoo dolls Some lucky this chicken split We need dollar 85 to break that Resistance and then chase down that 22 Bucks that would be pretty nice ladies And gentlemen look uh we don't know what Will happen but he says here I expected A second strong move towards one dollar On or before the 23rd of April 2023 Based on below historical pattern in Elliott waves we discussed before okay So there's something to look for and We'll see if it pans out or not again Not Financial advice or me him or anyone Else it's just our digital perspectives I'll catch all of you on the next one
