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Welcome back to the show everybody You're going to love what's going on Today the headline is is the case Against Brad Garling house and Chris Larson has been dismissed somebody roll That beautiful Intro digital perspectives with Brad KES Come on In Welcome back to the show everybody you Can follow us on Twitter and YouTube for Exclusive content right now it is 1.17 trillion doll market cap for Cryptocurrency good morning the market Is up 4.7% this morning Bitcoin 29,900 plus it wants to be 30,000 we'll Keep an eye on it 1,600 and change right Now for ethereum it's up a little bit 83.8 billion plus for tether if I'm not Mistaken it is right around the all-time High for tether we'll keep an eye on That and looking at xrp right now at 40 Or sorry 51 cents it is responding to The good news I believe in the market News the fundamental news of the case Being dropped against Brad and Chris We're about to get into every single bit Of that we're up 7.2% in the 24 hour 7.7 On the S day so I think you see where The gains are coming from now what we Have been doing is going to the freedom Zone at the end of the video but I'm Going to show you right now the kind of Stuff that we're going to be going over
In the freedom Zone and I want to let All of you know the freedom Zone if you Don't know is a way for all of us to Stay connected because there's so much Censorship taking place on social media Platforms now with that being said I Want you to know for less than it costs To have YouTube premium you're going to Get Google ad free videos my daily Videos for free without Google ads as Well as extra content about the things That we can't talk about on social media Because of the censorship that's going On out here and just to let you know Today we're about to get into right now The creatures from je jeal Island how The Federal Reserve was created and more Importantly why it's important because Of this guy remember him John F Kennedy Former president remember his brother Remember what happened to both of them And remember this guy Robert F Robert F Kennedy Jr and there's no mistake why He's running for president and there's No mistake why Bitcoin is a part of his Message and cryptocurrency broadly and We're going to get into it today and for The cost of a cup of coffee you can join Us in the freedom Zone and stay Connected and have the very real Conversation we're about to have right Now click that link underneath the video Let's get started now that we're back Boy that was something right there you
Got to go check that out you're going to Love it we start right here very quickly As a reminder that the G7 talk economy Digitization uh cbdcs and plans for Regulating crypto and stable coins Ladies and gentlemen what does that tell You I think it's pretty pretty exciting About what's happening on the global Stage as well as this this came in Yesterday we covered it but here is Christine lagard very quickly before we Get into the case details which you're Going to want every single bit of and What's coming next for the case it's the Digital euro is on the Move opening and The preparation phase has been approved This is the president of the European Central Bank former IMF managing Director Christine lagard listen to what She says the digital euro is on the Move Yesterday the governing Council of the ECB approved the opening of the Preparation Phase it will be a journey and we will Walk the journey together with the Legislature All European institutions Will be involved to make make sure that Europe is equipped with the currency of The Future cash is here to stay you will Have all options cash and digital Cash so what does it mean for you for Consumers it would be free and easy to Use everywhere in the Euro
Area all of that of course is subject to The legislative Process cash or digital the choice will Be yours your Euro your Choice there you have it right there Massive moves taking place ladies and Gentlemen I want to remind everybody if You haven't known I know it's a busy World Ripple is a part of the digital Euro Association Ripple is also a part Of the digital pound Association Ripple Is also a part of the digital dollar Project these are very important things To note as this came in yesterday and we We covered it here the dtcc which Settles more than two quadrillion Dollars worth of securities every single Year without Fail just bought and acquired securency Well what's interesting about this here Is if you look at this DTC announced That they have signed a definitive well Not acquired but yeah it is to acquire a Definitive agreement to acquire Securency a leading Pro uh developer of Institutional grade digital asset Infrastructure and what's amazing about That is is that the dtcc is about to Settle digital Securities which is Incredible because they have over two Quadrillion worth of Securities they Settle every year so at some point we're Going to be moving there but secury Protocols can be utilized on ethereum
Stellar Ripple and EOS and other Distributed ledgers as well as on Legacy Systems yes indeed this is allowing for Seamless onchain and offchain movement Of Tok ladies and gentlemen the new World isn't coming the new world is here And in the same breath and the same day And the same moment this dropped hours Later James violing boy Jim it was such A pleasure to meet you at the proper Party I certainly hope we get to meet Again someday all you have done for this Community has been amazing and continue To do as so many others breaking case Dismissed against Brad garlinghouse and Chris Larson now we're talking about it Take a look here very quickly here Listen to what it says I'm no lawyer I'm 12 years short of a law degree but I Understand this stipulation of voluntary Dismissal it is hereby stipulated and Agreed by and between the parties and or Their respective councils that the above Caption action is voluntarily dismissed With prejudice against the defendant Brag garlinghouse and Christian A Larson And without cost pursuant to rule 41A 1 A2 and then it says here of the federal Rules of civil procedure document Followed by security Exchange Commission Proposed document to be reviewed and Processed by the clerk's office staff no Action required by Chambers but the Point that you want to grab here that
Grabs me right is that the above caption Action is voluntarily dismissed with Prejudice against the defendants Brad And Chris that means it's done they're Not going back ain't going to be no Trial this from Eleanor terret when it Broke here she reported and shout out to Her the sec's case against ripples Brad Goling house and Chris Larson has been Dismissed after both parties that's Extremely important right there has been Dismissed after both parties agreed to The dismissal this means there will be No trial in April of next year come on In well we got more and then here's our Chief legal officer from Ripple Stuart Aldera says the SEC made a serious Mistake going after Brad and Chris Personally and now they have capitulated Dismissing all charges against our Executives this is not a settlement this Is a Surrender by the SEC damn look I got to go ahead just man Am I glad I got this picture look at the Smile on my face there with with steuart Out R he probably don't even know who The hell I am but I tell you what I know Who he is and I am grateful for what he Is doing for ripple the company and Brad And Chris and Brad responds here and I Say this is how they do it in Kansas Ripple 3 SEC no uh zero undefeated Brad Answers back here on the actual uh Dropping and dismissing of all charges
He said today was even an even better Day Ripple 3 SEC 0 in all seriousness Chris and I in a case involving no Claims of fraud or Misrepresentations were targeted by the SEC in a ruthless attempt to personally Ruin us and the company so many have Worked hard to build for over a decade Are you hearing what he's saying here it Is a personal attack to come after them The way they have done and it's Unbelievable it is unconscionable Despicable I'm telling you and then the He goes on to say the SEC repeatedly Kept its eye off the ball while secretly Meeting with the likes of Sam bankman Freed failing again and again to protect Us consumers and businesses how many Millions of taxpayers dollars were Wasted feels good to finally be Vindicated yes it does I even had a post Where I said earlier I was like you know How much longer are we going to watch These two good people's names be drugged Through the mud Right now it's over but think about what Are the real damages done here this is Why I think it's good that Elanor tret Reported that both parties Agreed that there would be a dismissal So that there's more to learn here we're Not done with you just yet it goes Without saying but I truly work with the Best lawyers in the business including
But not limited to steuart alera Debby MC McMan and uh from Ripple clearly Motle uh clearly got leaves Matt Solomon Who's amazing a heartfelt thank you for Your leadership wisdom and friendship There you go right there but we're not Done John Deon said it as I said the SEC Was never going to take this to trial And remember what the fortune teller had Also told us that he could see this Getting dropped and there be some kind Of a settlement where it comes down to What's the size of the check so Gary Gendler could claim a victory even Though all of us in the know realize They have had their ass handed to them Right well there's more here so what are The next steps here what are the next Steps in the Ripple case comes from Elanor ter Giver a follow now that the SEC has dropped the charges against Brad Garling house and Chris Larson expect to See some more litigation in the penalty Phase remember between the two parties In regards to appropriate penalty for Ripple 700 million plus of institutional Sales now La lawyers are telling her Ripple will likely be able to reduce the Penalty down but the SEC will still want A substantial amount of bragging rights They say expect a big fight but note the SEC can still appeal judge torres's Decision regarding the programmatic Sales and other distributions of
Xrp Torres denied the agency's request For interlocutory appeal on October 3rd Saying they had to wait until after the Trial now there is no trial the SEC Could potentially appeal after the Penalty phase but overall this is a big Victory for ripple and the crypto Industry as a whole and another loss to Add to the pile for the SEC that's what We're looking at here ladies and Gentlemen so now it does come down to How big that check's going to be and Again that's why I highlighted that both Parties agreed to the dismissal so there Has to be some kind of agreement about What's going to be the number on that Check wouldn't you think then we don't Know what the will do from there because They don't embarrass very easily so Don't be surprised if they come back With something after all of that is out Of the way don't be surprised right We've been here long enough that the SEC Is a Despicable organization and they Are not trying to protect investors now Looking at this Jeremy Hogan chimes in Shout out to him as well as John Deon And others being sued is not fun it Keeps you up at night it's always in the Back of your mind so very happy for Brad And Chris and that's enough for now and Then he goes on to say okay yes this Does make a full settlement much more Likely as the only legal question left
Is how big a check Ripple writes to the SEC there I said it are you Happy yeah damages as to Ripple are Still left to be determined that's Months and briefings and hearings fun Fun yes no doubt about we are moving Towards it Bill Morgan shout out to him As well says great news for Brad and Chris that the SEC case uh against them Has been dismissed with prejudice no Trial for them next April Now we move on To the Penalty phase of the case then we Can see who appeals what so see again Hinting to after the penalty phase watch Out the sec's probably not done in that Regard so head on a swivel with that and Then I say congrats on your Victory Chris Larson I hope you and Brad Garlinghouse have enough gas in the tank To take action against a rogue Administrative State because that's Based on Chris larsson's comments here Said the last three years we've seen a Rogue administrative state that needs to Be held accountable for its actions that Tells me they're not done for the fight Here they're up for the fight and I love It not just an investigation into Conflicts of interest that led to these Baseless claims listen to what he says But how the us actively demolished its Global standing as the home for Innovation with thousands of jobs moving Overseas enough is
Enough not Financial advice for me or Anyone else these boys got some fight in Them right I like this this is good and I don't think they're done by a long Shot and thank goodness that they've got The coffers and the strength to see it Through because the SEC is not going to Stop until some puts them down for good Not Financial advice or me or anyone Else we're just getting started I'll Catch all of you on the next One
