Ripple/XRP-SEC Caught Red Handed, Darkside Of Crypto, Proof XRP NOT A Security On SEC Website

Welcome back to the show everybody check Out these headlines here SCC Gary Gensler caught red-handed in the dark Side of crypto creeps into Congress We're going to give it to you and reason One million in one the SEC is known that Xrp is not a security and it's on their Own website and I'm going to show it to You somebody wrote a beautiful intro Digital perspectives with Brad kimes Come on in Welcome back to the show everybody you Can follow us on Twitter and YouTube for Exclusive content right now 1.26 Trillion dollar market cap for crypto The market is off by one percent good Morning everybody Bitcoin now 28 700 Plus quite a retracement here over the Last few days after being over 30 000 Ethereum now back under two thousand Dollars this morning in 1963 and change 81.5 plus billion for tether market cap We're going to talk about that today and You're going to want to hear it and Right now 49 cents for xrp we'll see What's going on here we are off by point Nine percent on the 24 hour it is Official ladies and gentlemen and we are Proud to announce that Rave Fuentes is Going to be the official MC for the First ever xrp Las Vegas 2023 this is Going to be an incredible event and in No small part because Ray Fuentes from Link2 family is going to emcee the event

For us on today I'm telling you we have More good news you can now even know the VIP Friday and signing up for our group Is currently sold out and it will not Open up until the the day of the Conference but here we have this Saturday sold out Friday sold out but we Have gotten so much information messages Just really overwhelmed I want to come But it's sold out how can I participate We've set it up for you you can get a Web ticket right now click this button And get your web ticket for the Conference we will be cutting this off Just because we have to organize it for The live feed when it happens so don't Wait around get your ticket make sure You have it you're going to love what's Going on for the Saturday conference and You're going to see an incredible Incredible lineup of super special People and projects in The xrp Ledger Ecosystem Right here we start with it ladies and Gentlemen and it's caught red-handed SEC Chair Gary Gensler blame crypto on Signature Banks failure but remember We covered that but the New York Department of Financial Services Superintendent Adrian Harris refuted That and you're going to hear it right Now Well I if I could just note something About you you mentioned you're hearing

About the recent events in the markets And I would note there were three banks That failed uh in those handful of days This last those four or five days and Two of those Banks the first and the Third that failed silvergate and uh Signature were engaged in the crypto Business I mean some would say they were You know crypto Banks so it's Interesting just how this was all right Thank you narrative as well it is Signature Bank was related to crypto What we saw with Signature Bank is that It had a new fashioned Bank Run in the Outflow of deposits uh were from a broad Depositor base including Wholesale Food Vendors uh fiduciaries trust accounts Law firms and in fact the outflow of Crypto deposits were an exact proportion To their representation in the depositor Base overall and in fact some of those Deposit outflows were actually Pre-planned so it's of course Unfortunate that there was a run on the Bank in at signature prompted by what we Saw with with svb but it is not the case That the failure of signature was Related to crypto Oh boy the plot thickens right there Gary's been caught that the only place He's not paying or he's been caught Let's take a look at this now obviously We reported that stuarti was over in London working on expansion for ripple

On the other side of the pond and made The comment that he missed the hearing Itself and he said he's in London Spending time with the team focused on Growing the business But he can't tell you how inept the SEC Looks from that side of the pond well Listen to this clip right here you need To hear it a key factor in this Competition is whether the country has a Clear regulatory framework which the United States currently does not have The European Union just provided this Clear regulatory framework through its Markets and crypto assets regulation and We're already seeing digital asset firms Move jobs and capital to European Jurisdictions as a result have you Considered the impact that the policies You furthered as chairman of the SEC Will have on digital asset firms leaving The United States if so what's your Assessment of that impact does it align With your statutory duty to facilitate Capital formation in the United States It's Eric duties is to protect the Investors and the issuers to access the Capital market and if there's so much Non-compliance then people will have Lower trust in our Capital markets could Hurt the rest of our Capital markets if Chairman ginsler if if you're regulating By enforcement action versus having a Clear regulatory framework I'm not sure

How there can be the certainty we have a Clear regulatory framework built up over 90 years it's just a bunch of on Intermediaries in this market that think They have a choice they don't have a Choice they're non-compliant generally And they need to come into compliance Given that your own statements have Vacillated Um chairman ginsler I think it's clear That the lack of clarity on this issue Hasn't done anything to help this Industry thrive in the United States That there's a constant threat of Regulation through enforcement by your Agency and that has driven innovators And those who want to play by the rules Elsewhere it absolutely has and evidence Of that right here uh great job Gary From Wolf of Wall Street shout out to Him coinbase gets Bermuda license plans To launch offshore Exchange in the Coming days actually they could be live Almost immediately Great job Gary is right You know going back to what Gary Gensler Said here and I'm not going to play it Again but going back to what he said About we've had laws for 90 years well Then why is it that coinbase who has Done everything they can to be compliant Right even delisted xrp out of fear very Quickly by the way IPod had that approved by the SEC and

You turn it around and suing them anyway But there's clarity If there's Clarity how could you even be Suing coinbase because you're the one That gave them a pass you know it's Embarrassing it is Despicable in fact to Watch this man run this agency The UAE however Things and a lot of that's based around Virtual asset service providers and Accepting license applications for that And that really is based around payments And everything revolves around payments Whether we're talking about the Fiat World paper world or the digital world The EU Parliament approves crypto Licensing Funds transfer rules but yet we're stuck Here with the melees and we've got Gary Gensler The guy who had all the clarity when he Was at MIT teaching But now all of a sudden his Clarity is Is everything's a security he's a hammer And everything's a nail Well you're about to see evidence in Just a second That proves clearly the SEC absolutely Knows definitively without argument That xrp is not a security from their Own website But a couple things keep them keep an Eye on here one is Bitcoin wallet from the Satoshi era

Dormant for over nine years has been Reactivated it is holding 6071 Bitcoin valued at 178 million dollars It is not my wallet Keep an eye on it You better keep an eye on this too all Of us Watch and listen closely to Warren Davidson talk about USD tether is a Ticking Time Bomb have we not been Saying this Is he watching the channel because we've Watched this guy go from saying xrp was A security ethereum was fine now he's Been in this space he's he's gotten Enough attention from everybody in the Know That now all of a sudden he's asking Gary Gensler to say in a hearing whether Xrp is a security or not and now USD Tether is the problem we've all known it To be and make no mistake about it Crypto isn't sorted out until we know Where the U.S government stands on USD Tether and now the questions being asked In Congressional hearings Mr Campbell Tether is the largest stable coin in the Ecosystem and it's headquartered in Hong Kong what does that mean for the Stablecoin ecosystem that tether is Located offshore uh and you know how has Tether become such a large player in the Space

Yeah thank you for the question I would Say one tether has become a large player Because they had a first mover Advantage They started in 2014 before other stable Coins and that just speaks to the Problem of inaction when people can't Move elsewhere you end up with Entrenched incumbents two tether is not Faced the same kind of regulatory Uncertainty they don't have the concerns That others do about having to conform With something relatively strict and Relatively demanding like the nydfs Guidance which by the way I greatly Support having worked in that space as Well that keeps consumers safe they're Not transparent it's unclear if they've Always had all the reserves and it puts People at risk but when they are the Default option because others are being Hamstrung it's what people use because There's demand for dollars on a Blockchain So I think it's there just because it's Been available Yeah I think that's a big part of it and Thanks for your clarification I guess I Would say I've felt at times that Because they don't have the transparency And disclosure requirements uh I've at times referred to it as a time Bomb because we have Clarity in New York But we don't have Clarity into Hong Kong's market and frankly the move to

Hong Kong Is a step in the right direction because For a while I wasn't even clear that They were accountable even in Hong Kong Uh so you know hopefully tether's stable Uh as purported to be but I think the Real opportunity for us Is for this body uh to create legal Clarity and look we we hit Um you know chairman Gensler pretty hard Yeah we get it but I tell you something Uh hopefully is not a question that you Want to hear for Sound business Hopefully There's regulations for things like this I'm going to remind everybody again That USD tether is selling a digital Version of the only product That the Federal Reserve has it's a U.S Dollar And they don't share their Reserves Okay watching closely Now let's watch this closely Reason one million in one xrp is not a Security and it's on the SEC website Credit to Wrath of convent and crypto Nim for bringing this out It's the SEC filing for tranglow and Ripple with it remember Ripple owns like 40 percent of triangle I think it is There was a summary of on-demand Liquidity which uses xrp for settlement Proving the SEC has known that xrp is Not being used as a security in any way

Whatsoever I'm going to give you this Right here and as he said here Outstanding a summary of odl agreement Between triangle and ripple buried in The SEC disclosures no earth-shaking News I can see it but it's significant To have real legal documents to consider Oh it's significant In the documentation it says recipient Acknowledgment On the SEC Edgar filing page website Xrp does not represent a right to make Any Demand on Ripple Ripple has no Obligation to redeem or exchange xrp for Monetary value good services or any Other item and ripple is not responsible For any use by recipient or any third Party of any xrp that Ripple has Delivered to the recipient and the xrp Terms under these xrp terms and Conditions boom Somebody get this to judge Torres Immediately this is the site on the SEC Archives Edgar database This is it It says it all right here and there's The Highlight too I tell you you know What in the world are we watching When you could put a company Through a hundred million plus dollars At this point I'm sure an attorney fees And time wasted and spent Because the SEC wants to They're the bully in the schoolyard when

In fact the information that clears the Whole matter is sitting on their website I might go see a play this weekend This is like bad theater right here I mean when it when is Ripple going to Be released from the jaws of the SEC so They can have the opportunity for Adoption in the United States the way Ethereum has and they did an actual Unregistered Ico Something is very amiss here and I think The answer lies within the doors and Hallways of the SEC I'm just glad that Ripple has the Coffers to be able to fight it all That's going to do it for me not Financial advice for me or anyone else It's just my digital perspectives I'll Catch all of you on the next one

**RIPPLE/XRP HAS BEEN CHOSEN TO REPLACE THE DOLLAR... ITS HAPPENING RIGHT NOW | CRYPTO VS WARREN**

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**RIPPLE/XRP HAS BEEN CHOSEN TO REPLACE THE DOLLAR... ITS HAPPENING RIGHT NOW | CRYPTO VS WARREN**

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