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Welcome back to the show check out these Headlines we have for you here Ripple Wins on cross border FTX judge approves A probe ethereum storm is brewing and Boy is it a big storm will xrp pass Ethereum we're going to talk about it And how about this President of Ripple Monica long in her 2024 predictions and How about an xrp 58,000 per plus gain oh my gracious We're going to talk about that in a Couple other scenarios and who the CI a Really works for I got news for you We're going to get into all of 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 and dig Prospects.com for exclusive content at The top of the screen $ 2.66 trillion Market cap for crypto the market is up 5.4% how nice is that for our change Yeah we see 66,800 Plus for Bitcoin 3500 Plus for ethereum right now but for how Long I don't know 103.7 billion plus Market cap for tether xrp slips back to The number seven spot but we're at 62 Cent 63 cents on Fiat link you'll see in A second we're up 5.3 and the 24 off by 6% on the 7 day the range of price is Between 57 and 63 cents you can see We're at the top of that range xrp got
That feeling like we might be out for a Little stroll today so keep your head on A swivel as far as that goes but let's Get into this ladies and gentlemen it's Ripple Labs wins rare award in Payments Technology I covered it the other day But this is amazing thing I want to Explain this because they won a war an Award uh basically highlighting their Technology for payments and cross border Yeah that's what Ripple does Ripple wins That's what they do yeah how about that Then there's this how about more winning Right here this from vet tomorrow The Xrp Ledger automated Market maker will Go live and I'm rooting for hard I'm Rooting hard for all the amazing D5 Projects I've seen building on The xrp Ledger as well as all the builders who Made awesome tools and services The xrp Ledger decks never got the recognition It deserved changing that absolutely I Want to take a moment to celebrate all The new projects and companies as well That have been waiting for automated Market makers to go live on The xrp Ledger we just one day away and I know Orchestra is prepared for that moment And I know Moy Finance is prepared for That moment and guess what else myy Finance is going to be on stage at xrp Las Vegas guess what else so is David Schwarz to talk about the features of The xrp Ledger like automated market
Makers guess what else so is Honorable Christian Carlo talking about the Digital dollar project and what it's Going to take to remain dominant as a US Dollar in a digital world listen you Know I I'm not kidding when I tell you This is not a cost this is an investment You're making into yourself to come get This information directly from these Sources because you are going to learn Things that you did not know before you Got there that's a fact and you're going To learn it from directly from the Source and by the way while you're Coming book your room at xrp Las Vegas Right on site at MGM because the rooms Are gorgeous the facility is beautiful I Had a goal of getting here to MGM in Three years we've done it in two this is A beautiful facility they have the best Restaurants the best shopping the best If you want to play games and and and Table games and all that other stuff They have all of that right so the but Look I think we all know MGM is on par With class right luxury class Excellence It's the Pinnacle of Vegas that's why we Wanted to be there and we are there and You should click the r link right here And get the disc kind of room before They're gone there's limited Availability this is why I keep telling You about it and it's going to run out So make sure you get in there and then
Get that digital asset benefit dinner Ticket too and by the way very quickly We're going to wrap this thing but I Just want to share this because we're 42 Days out we're going to be selecting Anyone who buys a general admission Ticket we're going to be selecting uh One of you before the by the time to Month is out here to join digital asset Vester and myself for a private dinner And while you're at it go get a ticket For the private dinner with Brad Garling House on Friday night and we do not Conflict with that event so when we we Uh get the winner there we'll let you Know where and when that will be super Excited for all of this ladies and Gentlemen let's get into it we know About the rare award here we know about The automated market makers but let's Learn about this judge approves a probe In the Sullivan cromwells ties to FTX Jeff Lyn says that would be Jay Clayton Right Jeff you would be correct sir yeah Uh let's get that probe a going and Speaking of probe a storm is brewing for A probe into ethereum Now ladies and Gentlemen shout out to Tony for this Thread I want to read it to you really Quickly here important facts on eth gate Bill H and Jay Clayton approval uh gave A speech that said eth was not a Security however he had ma major Conflicts of interest because the law
Firm was getting paid uh by and was a Part of the ethereum alliance and power Oversight was able to get emails Communications showing Henman was warned By the SEC ethics office about these Conflicts Empower is currently suing the SEC again to get access to more Documents Communications on this matter Ethereum switched from proof of work to Proof of stake which changes the thesis Of what himman and Clayton base their Analysis on to give ethereum a Non-security classification Gary gendler Refuses to state if ethereum is a Security or not he won't Echo the Statements of him and and Clayton even Before Congress he refused to answer Gary will uh most likely take ethereum ETF situation to courts recently cftc Chairman Roston Benham spoke before Congress highlighting the difference in View of the cftc versus SEC on ethereum Being commodity versus security the SEC And Gary gendler approved prum's license To custody ethereum as a security in my Interview with Aon Clapton Eric Kaplan Excuse me he echoed Gary's Classification of altcoins as digital Asset securities now reports are coming Out from fortune that a government is Investigating the ethereum foundation And the SEC is looking to classify eth As a security what could save this storm From becoming a category 5 tornado with
Massive destruction to the crypto Industry government officials SEC and More Congress will have to pass Legislation I don't know if any of this Will affect East performance in the bull Market it may or may not I've seen crazy Things in this crypto market and well Said so have I want to remind everybody That going after ethereum for being Proof of stake versus proof of work is Avoiding the original Ico Security fund Raise that took place that William Henman gave a free pass for let's not Forget that part right and let's not Forget this either last night I went to Washington DC and met the digital asset Investor and we went over to have a Special meeting and invitation to meet And speak with Senator Chuck CR grass Ley and shout out to this man I tell you What there ain't many in Capitol Hill Like this guy this guy's real deal for The people and all you have to do is Spend a few minutes with him to know it No question about it what a pleasure it Was and I have to say I would like to Thank the Senator Chuck Grassley for Taking the time to speak with us and I Would also like to thank Empower Oversights Tristan levit and Jason Foster for inviting us it was so great To speak with you all about eth gate and Getting a Level Playing Field for all of Ch crypto not just a few Empower
Oversight have been critical in helping To get the answers we need from the SEC We couldn't do it without you and I Wanted to tag all these other important Players here as we look forward to our Continued efforts in working with you to Help expose corruption and protect Whistleblowers and by the way Senator Grassley told digital asset Vestor and Myself that he wanted to follow up with Both of us on this issue and learn more About it so stay tuned and while we stay Tuned let's hear from metal law man was Just on with Tony from thinking crypto To explain the position that Gary's in If he wants to stop ethereum's ETF take A listen weird is going on here what What do you think is at play is the SEC Really trying to classify eth a security And maybe they're looking to block that Ethereum ETF as well yeah I don't know I Just saw the article uh Today um but as you think about the ETF For instance um ethereum has has a good Argument that it looks like the Bitcoin Scenario where Futures were approved and It trades um actively and you can Measure the correlation between the Futures contracts and the spot trading Of Ethereum um that correlation which is an Important factor that the U DC Circuit Court of Appeals you know found that uh The SEC had been arbitrary and
Capricious in in denying that ETF so the Problem for Gary was he's you know going Down this road with these applications Of finding himself in court again if he Denies the application and he's got a Real tough um uh challenge to explain How this should be different and for Those of us who thought a lot about it Really the the best way the only way out There would be to say yeah Bitcoin was a Commodity ethereum is a security and Therefore you can't have this um spot ETF now now this there's a little Nuance To this um Tony so you can have Securities held in in a trust in an ETF Trust the pro the problem is ethereum is An unregistered security that cannot Trade unless there's some sort of Exemption with that applies to the Holder of that security And this this gets into a long esoteric Discussion but promethium or whatever They're called is pretending like they Can somehow trade a ethereum even if It's a security and they're they're Trying to declare it a security but for Me as Securities lawyer that does not Work it's an unregistered security and There's no way you can monitor whether There's exist tions from that the seller Has an exemption that applies just as a Practical matter you can't do that and So this is the way if Gary wants to stop The ethereum ETF this is probably the
Best strategy to do it and if he does There are tremendous collateral Consequences if they place the big black Cloud over ethereum uh you know like They did over Ripple for years um it's Hard to predict you know what the Consequences would be of declaring that In unregistered security when you've got All of these projects built on top of The ethereum blockchain and if it is Fundamentally um you know the operation Of transa you know transactions in an Unregistered security that's illegal you Know without an exemption and so it Would be an absolute mess but again you Mentioned politics you know Gary took Took a a beating for approving the the Bitcoin ETF and he's already been put on Notice from some of the progressive Constituencies that he better not Approve another asset ETF digital asset ETF and so he's uh between IR rock and a Hard place and he's got to deal with That bill Hinman statement saying it's Not a security and where that statement Came came from and what it was based on And all that so if this is happening It's it's going to be pretty uh pretty Exciting and impactful to the entire Digital asset you know ecosystem there's No question about it and shout out to Both of those gentlemen for that uh Exchange and uh again I I highlight the Fact that let's not forget what's
Happening here it's a little slight of Hand by the SEC here the SEC has to Focus on ethereum 2.0 proof of stake Being a security because you can't Imagine the nightmare it would be for The SEC if the E foundation and Joseph Luben were to be sued over the Ico and That would give the other side which Would be the ethereum foundation and Joseph lubben the ability to call for Discovery from their legal team and the SEC doesn't want that so going after 2.0 Versus proof of work is really the angle That's being pursued here I believe Solely because they can't touch that Initial IC Because if they do it's going to cause So much to come out that we don't even Know yet about how much Crooked stuff went on in there uh I Really do believe that that's why we're Going to have to prove a stake here and Then you have to ask yourself if this Fight Continues will it cause a mass Exodus off of the ethereum network and If that happens remember piest which Will be on stage not on stage but Participating at xrp Las Vegas virtually To discuss this issue about the bridge That they're building from the evm to The xrp Ledger and imagine a security Designation coming down and the mass Exodus that would take place from all of These projects looking for a safe haven
But you can't get off the network unless There's a bridge to do so well thank Goodness for piarist this is what I'm Telling you is not a pitch this is not a Sales pitch coming to this conference is Going to be the single best thing you Could do this year in 2024 there's no Question it is an investment in yourself And empowering yourself with knowledge And here we have speaking of knowledge You know who's super smart it's Monica Long the president of Ripple and here's What she had to say one of the key Factors that would spur crypto Institutionalization on a macro scale uh Is increasing the adoption of blockchain Technology by Major financial Institutions and corporations as more Entities recognize the potential Benefits offered by blockchain networks They are actively seeking ways to Incorporate uh incorporate digital Assets into their operations along these Lines the Ripple president refers to her Recent attendance at newcomer banking Summit to discuss what has changed since The svb banking crisis a year ago as Well as how blockchain and crypto can Fundamentally improve access to Financial services in collaboration with Banks and traditional institutions this Comes at a time when the digital Currency landscape is witnessing Unprecedented levels of interest from
Retail and traditional financial Institutions how about that Ripple Continues to expand its Frontiers and Payments clenching the fintech Breakthrough Award of 2024 as we Mentioned a moment ago for the best Crossb playment platform and best defi Infrastructure platform how about that Doesn't sound like ripples failed to me Does it yeah not me either Ripple equals winning Ripple equals Champion okay that's what that equals Yeah class 5843 one% surge for xrp would take it to $352 yeah I love it but you know what Let me tell you something I've been Around and seen this kind of price surge Before I've been around and seen it Can't say that it doesn't happen because It does now it doesn't happen often but I've seen it but I wanted to take a Second and say Hey you know and I Certainly believe the xrp you know can Go to four or five digits and I've never Pretended to know When but I certainly know it's going to Take the onset of legislation for cbdcs And stable coins before it truly does And has the opportunity at least to Happen right and to grow into that role But what I wanted to look at here was to Say well why don't we come back to you Know uh some some numbers that some People have a hard time digesting such a
Big surge which which has happened in Its history but let's just come back a Little bit at 500% at 62 Cent price Right now we'd be $310 just under the 384 all-time high for xrp a 5,000% gain Would put us at $31 that's not look when you've seen 58,000 plus percent gains to say 5,000% Gain is not out of the realm of Possibility at all this is a digital Asset space isn't it how about a 50,000% Gain puts you at $310 xrp I'm not saying These things are going to happen but Imagine when I took the 5,000% gain to 31 bucks what do we hear a lot of the Technical analysts say that in the next Cycle or two we see five to 10 Buck Range 8 to 10 Buck range and then Another pull back and then a research to Hit another 27 to $31 not impossible doesn't mean it's Going to happen and it's best that you Have plans to take your points of exit And get some uh gains if you can and Afford to right just like we want to Learn as much as we can about automated Market makers where you may be able to Go that particular route and not Necessarily have to deal with the Capital gains issue right so I think it Would fall under ordinary income but That's not Financial advice but these Are exciting times and I tell you the Charts are showing us that something is
In front of us and if it plays out Anything close to what we've seen 20178 Which is what the setup looks like on The charts then we could see this Explosive 50 plus th% surge we could see 5,000 instead but if we do are you upset About it because I know I'm not because Ultimately at the end of the day the Real Log Jam for me to see open up here Is legal legislative regulatory Clarity And when we have that on a globally Coordinated level watch it Out that's where we're at here going Into the freedom Zone not Financial Advice from me or anyone else who the CIA really works for and I think I don't It is it needs no explanation why we're Going to talk about this behind the wall Of the freedom Zone today I hope you Will join us come on In all
