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Welcome back to the show check out these Headlines we got Nick buedo from link 2 Live ethereum and metam Mas being Targeted by the SEC Say It Isn't So and What about this Ripple USD stablecoin Does it equal USD tether are we about to See an acquisition somebody roll that Beautiful Intro digital perspectives with Brad Kinds come on In welcome back to the show you can Follow us on Twitter Youtube and dig Prospectives uh.com for exclusive Content right now $2.49 trillion market Cap for crypto the market is up 0.5% 64,500 for Bitcoin 3100 Plus for Ethereum $110 billion plus market cap For USD tether that conversation's not Over 52 cents for xrp 24 hours it's up 6 And on the 7 Day 4.4 the range of price Very quickly is between 52 and 54 cents We're smack dab in the middle we'll keep An eye on it but I've got Nick buedo Head of digital asset sales from link to With me Nick how you doing this morning Good morning Brad how are you doing man I'm doing good however we do have some Unfavorable news but news everyone needs To hear as a public service announcement Tell us what you got Nick you know you Know Brad so before we talk about link To you know I had asked you if I could Do a PSA for for all of your listeners And this is so important and if I as I
Start to talk about this if you don't Think this relates to you then then You're vulnerable okay so please hear me Out we just saw Brad Garling house do That really you know cool funny video About AI pretending to be Brad Garlinghouse why did Brad do that Because these scammers are getting so Much better and and it's working okay I Want all of your listeners to know that I personally know three people that were Drained of their digital Assets in the Last 30 to 45 days it is horrible what's Going on out there and I know that you Know half of the people listening to the Sound of my voice right now are going Well that'll never happen to me well Guess what all three of these people Thought the same thing so I'm going to Give you an example of these three scams And I'm I just want everyone to know you Got to be careful okay so here you go One of them was someone was chatting on Their app and I'm not going to say any Any platform names they were chatting on The app of the digital asset platform That they use then they suddenly got an Email that referred to that chat and They asked them to click on the link to Complete whatever they were discussing The moment they clicked on that link That person had access to their account Drained their account for significant Funds all right a second one was one
Another person was using a wallet for Yield purposes I don't want to say what Digital asset I don't want to say what Wallet I it's just but somebody in that Community was pretending to be an admin That admin beend befriended the person Ultimately ended up getting all of the Because they were going to help them fix Their wallet got got access to their Wallet other wallets drain their Accounts and the third one which I heard Earlier this week was was a direct call From somebody pretending to be from a Digital asset platform telling the Person that they're currently being Hacked and that the platform needs their Help to stop the hacker ultimately that Person gave their keys and also got Drained and and and I just everyone Thinks that it's not going to happen to Them I'm telling you when Panic sets in People make bad decisions And I've and I've heard you use a term Over the years to be still yeah and when Something goes wrong I recommend Everybody just be still a minute Y and Don't take any calls from anyone about Your digital digital assets don't click On any links I I just I'm just saying This because it breaks my heart I mean Three different people so I wanted to Share that with your listeners it's real It's happening and it's not getting any Better so be careful out there well and
My heart goes out to them Nick and it is Awful I've experienced uh hacks before And as you said every great hustle comes With knocking you off your game for a Split second cuz it just takes a split Second it you know that it's a split Second when you click on a link and then When that fishing thing goes through They're in your account it doesn't Matter if you're 18 verification factor Or whatever it is none of it matters if You click a link that gives them the Ability to do a fishing attack inside of Your your computer it's over you could Have and it can happen to all of us Please please be careful I just every Time I hear one of these stories and Look if I've heard three of these Stories Brad in the last 30 to 45 days And one was this week how many people Didn't tell oh yeah because they're Embarrassed because that's the other Thing a lot of people get embarrassed to Admit that it happened to them yes yeah So please please everyone be careful out There oh what a what a great reminder Nick and and and again my heart goes out To anybody that's been through it I've Been through it and it can happen to Anyone now Nick on a lighter note tell Us what's going on over at link too well I'm sure you saw the news yesterday that Stripe is going to be taking usdc coin Which is created by Circle yep um which
Is huge and you know and stripe is Stripe is one of the assets on our Platform it's a competitor to PayPal but One of the early investors in stripe are Actually Elon Musk and Peter the on PayPal yeah um it it's you know it's Less expensive for merchants to use Stripe it moves faster um they have more Payment methods that they accept and now They accept digital assets and that's Something that you don't normally get From PayPal so there's there's a lot of Great news going on out there um because Of that news our members are going to See a very special bundle today we're Going to offer stripe and circle Together as a bundle at multiple Investment levels so anyone is Interested said yeah if anyone's Interested in taking a position in both Of those companies or increasing your Position today might be a great day to Do it um please be on the lookout that Should happen uh later this morning um So keep an eye keep an eye on your Emails keep an eye on your apps keep an Eye on the platform oh we sure will and I want to remind everybody that link to Has crossed over three4 of a million Registered users good gracious I mean That is just some serious growth over There Nick yeah our growth has been Amazing but Brad you haven't seen Anything yet we we've got some things
Working now that our our growth between Now and the end of the year I think will Be our biggest growth ever so I'm really Really excited for the future of link to And uh and for all of our members it's It's just going to be a fantastic ride So am I and I just want to say that we Are super excited to see you and Everyone from the link to family at xrp Las Vegas this is going to be a Remarkable remarkable couple days man We're just days away I mean it's like You know people are call me they're just So excited it's just it's just going to Be a blast and and and I've got a sense Of how many people are coming and it's Going to blow it's going to blow Everyone's Minds I mean this is this Will be the big obviously the biggest Xrp Gathering ever um and I've been to Bitcoin Gatherings and I think it's Going to be bigger than a lot of Bitcoin Gatherings and you know what's Interesting is like you know it's like It I mean I you know I I normally sleep Like a rock okay and I literally the Last couple weeks I have just been Sleepless and restless and you know and Uh you know my wife as well and you know It's it's all trying to make sure that This event comes off really great for Everyone but the last few nights I've Been restless but it's because I'm Excited now we're getting beyond the
Details of all of this cuz they've been Done you know and now we're just Starting to get really excited about What we're bringing to the community It's just so exciting and I always Emphasize whenever we talk about it that You know the content of the program is Awesome the people that you're going to Have on the stage is awesome but what You can't emphasize enough to the people Coming or the people that should be Coming or the people that are going to Buy tickets over the last few days is That interaction you're going to make With people that you've been talking to On Twitter and and YouTube or or that You've heard on on you know in in the Digital asset space or other you know Investors in xrp or investors on the Link to platform I mean you're going to Be making friends from around the world And and now you're GNA now have people From around the world and I just I just Think that's just awesome it really is And I could speak to that myself because I have have relationships that I've made Since last year that have just Absolutely been deepened and enriched And I love the be you know the ability Of meeting people at these events so Yeah you really can't put uh a price or A value on that kind of connection when You're there and we have set this Conference up I'll remind everybody that
We have set this conference up to have Complete immersion in the companies like Link to that will be there you're going To be one-on-one with these people this Is going to be an amazing opportunity Yeah it's going to be fun and come on by Our booth we're gonna have some cool Swag and and it's just going to be a Great time I can't wait oh I can't Either Nick buedo head of digital asset Sales at link to Nick thank you for Stopping by thanks Brad you take care Have a great day you too byebye all Right everybody there you have it fresh Off the press and we're 53 cents boy Wait till you see this news we got today And don't forget to get your private Dinner ticket to have private dinner With Brad Garling house The Honorable Christian Carlo and Congressman Wy Niichel Michael Eric and John de nanor Terret myself digital asset investor Mrs Backup the digital chamber for good Goodness sakes it's going to be there And we're going to have a live Performance we're bringing in artists From La Ronnie Nash band oh my gracious Sakes you're not going to believe it and I get to play drums for this guy it's Going to be amazing and Christian Carlo Is going to be playing guitar if you Haven't heard him he's amazing uh this Is going to be a remarkable time ladies And gentlemen get your tickets at the
Future of digital assets.com and put the Code 589 in and get a 25% disc account And the ticket is tax deductible because It's a charitable donation and you get To meet and hang out with all of these People you can't beat it I cannot wait Steuart Alara says this aged well and Basically he put back in 2022 we all Agree that consumer Market protections Are needed but saying that every token Besides Bitcoin maybe is a security is a Combination of bad law and bad policy And all in the name of the sec's Political land grab over this asset Class the sec's jurisdiction is not Limitless boy it did age well uh Steuart's got it cuz look at what Happened here yesterday yesterday Afternoon the former US Government Regulator considers eth xrp likely Non-compliant Securities and that is Gary gendler we're talking about here And today they sued the SEC who did Consensus you know Joseph lubin's Crewp because because they know that They got a bullseye on their back so They're trying to preempt it that's What's happening so the SEC issued a Wells noticed to consensus including That the top eth wallet metamask is Operating an unlicensed broker dealer Total nonsense but oh boy how the tables Turned says vet absolutely right and it Says right here the SEC told consensus
That metamask was operating as an Unlicensed broker dealer there you have It ladies and gentlemen we know ethereum Is already being targeted for proof of Stake saying that proof of stake is in Fact a Securities offering so there is a Two-year fight looks like here unless it Gets settled sooner but you got at least Two years in front of you e fam that's What you got see this is the problem Paul greal who is an excellent former Federal judge and lawyer fighting for Coinbase says today after the Announcement that consensus fights back And filed a lawsuit against the Securities Exchange Commission the goal Behind this is to ensure that ethereum Remains a vibrant indispensable Blockchain platform and to preserve Access for the countless obviously Developers Market participants and Institutions who have a stake in the World's second largest blockchain yeah We get that and we get the fight no Question about it and you should be Fighting Paul gal comes in from coinbase And says I know eth is a commodity I Know you know eth is a commodity the Cftc knows eth is a commodity it's time For the SEC to admit that it still knows Eth as a commodity too no more games Thank you to consensus for standing up Against the sec's unlawful expansion of Authority and Paul thank you for showing
Us that this is what you wouldn't do for Xrp and Ripple but yet we're supposed to take The high road and show all the Grace because while everyone sat with Tape over their mouths watching the Injustice happen to Ripple Xrp and hundreds of thousands if not Millions of xrp holders but at least 75,000 in a class action law suit God Bless John Deon and where was Paul gral and Coinbase Then right now I realize it is time for Us to not be Maxis but this isn't Maxi Talk Maxi talk is pointing out what they Didn't do when they thought it was only Happening to us Well Paul what you have found out is is That you weren't sitting in a bleacher Seat you were sitting in a boat seat and As it turns out it's the same boat that Ripple xrp Brad garlinghouse Chris Larson and all of us were sitting At start Rowing Ripple replaces usdt tether USD Tether for us on demand liquidity well Let's get down into this ladies and Gentlemen Elizabeth says no surprises here Navin Gupta was the first rippler I heard on YouTube Interview who mentioned that the Other digital assets would increasingly Serve as Ripple Net's bridges in the
Future and as for those channels Claiming USD tether is a scam oh The Twist of life it's all about the Builders listen it's I don't I don't Know what's going on here but take a Look at this this is actually not as Complicated or as separate as all of it Appears This is in fact information saying that We took steps at Ripple right to migrate Each us-based on Dem on demand liquidity Customer from using xrp as the bridge Currency in odl to using USD tether or The contract was terminated we should Continue to use USD tether or Bitcoin or Other vetted stable coins for us-based Flows unless otherwise approved by legal And this is a move that was done in Order to SA satisfy the current decision In the case over institutional sales and OnDemand liquidity so they brought in USD tether so they're not using and Touching xrp directly right that's That's what this is it's a smart move But unfortunately it doesn't justify That it's just about Builder I don't I Don't know what kind of nonsense this is Listen let me tell you what's about Builders let me tell you what's about Entrepreneurs let me tell you what's About innovators legislative clar and Regulation let me tell you what is about Builders influencers who go out here and Pump tokens from out of the ashes into
Something without telling you that they Bought some or had availability of that Token from a Pre-sale that's all about Builders and That's all about gains and if you're not Disclosing that you may legally have a Loophole that allows you to do it Without being a legal activity but you Know what you don't have is a moral Compass Because if you are someone that is Pumping all the builders just so you can Get your tokens to go to the Moon as They Say without disclosing that you sold Into the face of your own audience for The liquidity on some crap ass Token then it isn't all about the Builders it's all about your wallet That's what I know and talking about Twist of life and I love that she used That too because Twist of life is a Great phrase because there are many Twists in life and none of us can really Know where this is going we can only Speculate and speaking of Speculation it is also well known that Tether is a favored on and off ramp for Illicit activities to interact with cry Uh crypto asset markets and is knowingly Facilitating violations of the law well There you have that so there's no Speculation in that now there's Speculation in this I want to talk about
This let me bring you in here because I Think USD tether being targeted right Now is extremely Important what does it really mean we're Still trying to figure it all out I've Asked a question multiple times will Tether be collapsed or Unwound or will it just be forced to Come under credential regulation because It never has been right well let's take A listen here I want to bring you in Parency and accountability well I think This bill is the first step towards Really addressing uh illicit Finance um This stable coin legislation uh creates A framework where it rests on top of the Dual banking system um it uses the Protections of know your customer um and Anti-money laundering Protections in the Banking system uh this is a bill that's Written to have 100% one:1 uh dollar Backed uh custody has to be in a bank uh And so you have all those Protections in Place in our our ordinary banking system And so this is bringing that level of Transparency and accountability into um Blockchain and cryptocurrency and the First and I think the most important Piece of this legislation is to take Stable coin and put it into a proper Regulatory framework so that we can have Consumer protection we can have Transparency accountability and we can Have certainty yeah the worst thing we
Could do if stable coins are being Misused around the world is to step away And not regulate them the whole purpose Of this bill is to protect Consumers uh while we acknowledge the Existence and use of stable coins now That's all the part we focused on when This first came out a few days ago but Listen to this part and furthermore Senator Gill bran has included some Language from the fgic that in the event There were an insolvency or a failure uh A conservatorship uh could or a Receivership could be set up so it's Contemplated uh that even with our Onetoone reserves that we require and Our uh decision not to allow algorithmic Stable coins if something did fail we Have that safety valve of the FDIC Receivership Language yeah how about that Receivership conservatorship if Something's not compliant or doing right Then this dawn on me early early early This morning remember when tether Revealed their partnership late last Year with the Secret Service in the FBI is this that Conservatorship she's talking about in This bill but the bill isn't here yet so That conservatorship looks more like the Secret Service in the FBI partnering With Tether did we forget that the Secret
Service was originally created to combat Counterfeit money not protect political Figures That was the original reason for the Creation of the Secret Service and they Still number one cause of the secret or Purpose of the Secret Service is to Fight counterfeit Money here's the other thing I put this Out yesterday listen to this last part Of this clip for that community and will Be good for xrp as well and if we see The United States government and the Secret Service which is already work Working hand inand with tether shut Tether down couldn't we be watching a Flood of that market cap of 10910 Billion plus pour into the legitimate Regulated stable coins and network and Ecosystem and voila you have the Regulated internet of Value right well yeah technically it Could p into Usdc And the new Ripple stable Coin but keep listening okay it looks Like it makes sense for now we'll see The players in that space particularly One called tether is a non- us-based Entity and the US frankly is kind of Going after that because they want this To be Regulated Now isn't that interesting Because look if we go back here right if
We just go back let's go back Elizabeth's right she's absolutely right Here Ripple did take steps to to migrate This is Ripple's language they did these Things but to that Point Brad garlinghouse just pointed out That the US government is targeting it So it seems that Ripple made that shift To honor the decision in the court Case and obviously picked USD tether Because it is the 95 5% most used asset in digital asset Transactions right it covers 95% of Those transactions or More and now it's being Targeted well this is where I come in And start asking the real Question we know about this document I Just showed it again yesterday shout out To subjective views for this Ripple Believe head of public policy sitting Beside Nelly leang the under Secretary Of domestic Finance Stellar's at the Table too we always see This but then you start asking Yourself why has Susan fredman from the Treasury join Ripple why did Craig Phillips come on board for a minute Right why did uh Michael S Bar become a Ripple adviser from the treasury and now Became the VP of federal border Governors where he's currently helping To architect staboy legislation with Jilla bran and uh
Lumus right Why Rosie Rios to 43rd Treasurer right why all of these Things you know when I look at all of This stuff I start asking myself my God Is is tether going to get Unwound and Then that pushes their market cap into Regulated coins like you know circles Usdc or soon to be Ripple's uh digital Dollar or are we actually in fact going To watch Ripple acquire tether and if The stable coin legislation goes through Tether's got a hundred billion doll Market cap so we know that Ripple Doesn't have the money but if if the US Government seizes tether underneath the FDIC conservatorship they could give it To whoever the hell they want to and Maybe they end up choosing somebody like Ripple which has Ripple net and has Never not done a kyc AML transaction Which is what has been me the last few Days how do you get tether to be AML kyc And CFT Compliant you got to bring them under The fold somehow and maybe that involves Ripple and The xrp Ledger and maybe that New stable coin that Ripple's going to Do ends up becoming USD tether under a Takeover proxy of the US government and The FDIC and stable coin legislation I Don't know the answer answer I do not Know the
Answer but I can tell you one thing I Think it's a damn good question on April 26 2024 not Financial advice to me or Anyone else we're going into the freedom Zone I apologize it got a little long Today but all of this is happening while Ethereum and metamask take the stage to Be next up on the sue your ass off by The SEC dock it there you have It all right not Financial advice to me Or anyone else ladies and gentlemen I Will C this got a little long I'll do The uh Freedom Zone on the next one uh Ladies and gentlemen actually you know What I'm going to do it right now I've Got it queued up let's go in here you're Going to want it the largest scam ever Uh perpetrated on human population right Now in the freedom Zone come on In all right
