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Welcome back to the show everybody check Out these headlines Swift is in the news Again everything is about to change and How about this deep State confiscation Theory sec's pay to play somebody roll That beautiful Intro digital perspectives with Brad KES Come on In Welcome back to the show you can follow Us on Twitter Youtube and dig Prospectives decom for exclusive content Right now $2.78 trillion market cap for Crypto the market is off by 1.2% 69,900 Plus for Bitcoin 3500 Plus for Ethereum 104 billion plus market cap for Tether xrp 63 cents at the number six Spot we're up 1.7 on the 24 and we're up 4.5 on the 7 day the range of price very Quickly between 6164 we're sitting smack dab in the Middle we'll keep an eye on it a Reminder right here that the US Government War mounting debt could crush The US dollar make no mistake about it This is why I'm here I believe Ripple And xrp play a major role in the new Monetary system that we're headed Towards and this is one of the main Reasons that we're headed towards it so That's why I'm showing you that today And then there's this here a chart from Edrag C crypto that's right one of our Hall of Famers here gold over the past
Few months have been closely monitoring Gold charts they're flashing a warning Sign there seems to be something wrong In the system if you've bought gold at Or below 2,000 consider it your Insurance policy and there's calls now For gold to go to 3,000 and it's already At all-time highs so this is why I tell You I've been accumulating Metals Precious metals gold silver Platinum Palladium and you can too at the very Best prices at Miles Franklin all you Have to do is two things send an email Info@ mfranklin decom link underneath The video here information for you and Put in the subject box dig gold diig Gold you will not be sorry and get look Look at all these products look at all Of these products you cannot get Anything any better prices any better Selection than you're going to right Here at Miles Franklin make sure you Tell them I sent you and said come on in Make sure you put dig gold in that Subject box and then here we see right Here Eleanor terret reminds us so what's Next for coinbase following judge fia's Ruling dismissing the uh uh denying the Motion to dismiss the case the court Will set a full Discovery schedule and Each side can request documents for the Discovery process sources familiar with The matter tell Elanor some of this case Could be undermined and exposed through
Discovery so coinbase will attempt to Get as much discovery on the SEC as they Can during this process and the SEC will Do the same I remember during the Ripple Case the dis discover Discovery process Acted like a window into the mind of the SEC we were able to see what the agency Was thinking and saying internally in Regards to Ripple in The Wider crypto Industry the same will apply here in Terms of timing as we know from the Ripple case Discovery can take uh many Months and then you have the process of Filing for summary judgment briefs and Then a potential trial on top of that so This case will drag out over a year at The very minimum in the Meantime I'm told one of coinbase's uh More near-term options could be to file An interlocutory Appeal on some or all parts of the Denial of the motion to dismiss if the Lawyers think it makes sense to do so Excuse me the SEC filed a request for an Interlocutory appeal following judge Torres's summary judgment decision in The Ripple case but they were ultimately Denied into locator appeals before final Judgments are notoriously hard to obtain So that's the latest we have on that as That continues to unfold now here is a Shot from Chris Larson right here who Absolutely Nails what's going on in in The SEC and the lack of clarity is
Something that Gary gendler feeds On that the judge really admonished the SEC uh really called them out in a way That you don't really see very often I Think it's just more proof that Gary Guinsler decision of sort of engaging This regulation by enforcement rather Than getting clear laws he knows they're Not clear he just likes that lack of Clarity so that he can go after anybody And make up the rules as he goes along Through bullying and that's not the American way this should be at Congress We should have clear rules from the Legislator not through the sort of Unelected power hungry and really Misplaced decision makers that you see In Gary Gensler that the Judge I don't think you could say it any Better than Chris Larson said it and Here we know that all of this is coming To a head because Swift completes the Second testing phase of its Central Bank Digital currency inter Ling solution Make no mistake this is going this way This is where the world is going I'm not Happy about Central Bank digital Currencies either but that's why I'm Trying to get my family as wealthy as Possible because there's only two kinds Of people in this world and it's the Habs and have knots and for the first Half of my life I saw what it's like to Be treated as a have not I think I'll
Try it the other way this time around For the second half let's listen to what George gamon says as he's discovering What Swift is doing with their new Cbdc uh platform and testing they're Introducing and he says everything is About to change and he's Right start off by highlighting parts of The executive summary cbdc development Is accelerating but action is needed to Achieve Interoperability in other words giving Us all the Control we do we do need to dot a couple More eyes and cross more CP more teas Before we have total and uh total and uh Unbridled control over your spending and Your finances and all that cash on your Balance sheet first thing I highlighted More than 130 countries are now Exploring a cbdc and research by Omfif has found that almost 70% of Central banks expect to issue a cbdc Within the next Decade and I would say probably more Than that and sooner than that and he Would be right because we're following This space and what's going on in that Particular area and listen I I have Reached out to George gamon and his team Before and I know he's not a fan of Crypto but we could certainly have a Great Conversation uh if you guys wouldn't
Mind tagging him I'd love to sit down With him my Channel or his he's so smart I have such a respect for the guy he Says here as he shows this diagram What's this look like like to everybody Said I downloaded the new Swift cbdc Report so you don't have to this Simplified diagram tells you what you Really need to know money is simply a Network of Bank ledgers they want to Consolidate and centralize the ledgers The solution is a decentralized ledger Yes and in fact The xrp Ledger because The xrp Ledger is also serving as a Decentralized exchange for the world for Which all of these particular networks Can plug into to get the best Market Built using xrp as a bridge where Applicable this is where we're going Ladies and gentlemen this is where we're Going and we can't see the real Motion In this market until we have stable Coins and cbdcs and other tokenized uh Real world assets because that's what I Believe so important about stable coin Legislation it's not just for dollar Stable coins it will be tokenization for For all of the traditional markets Commodities stocks bonds derivatives you Get it right so that's why we need that Because once we have that you'll be able To have these digital tokenized vehicles To move all this value Around and here we have a new Theory
Here which I don't know how new it is Because I think this is exactly what's Been going on you guys know I have Referred to it as uh a payto playay You've heard me refer to the SEC lawsuit Sued as payto playay or an audit or vett It process we know the same thing Happened to Microsoft they were sued by The SEC the SEC sued Tesla the SEC sued Amazon and I have said it multiple times And going by who the SEC sues you could Almost use them as a great barometer for What to invest in not Financial advice But nevertheless they're suing Ripple so I see good good things ahead is what I'm Seeing here ladies and gentlemen No Doubt about that uh let's listen to what Molly Elmore says right here all right a Couple things one Gary Gensler has done Us a service by having those MIT courses Um publicly available and in one of Those courses he said that if you want To move in to the banking world the Legac the Legacy banking system the Monopoly you got to like pay up like in The mob you gotta you know pay the mob Dawn of the other family if you want to Enter into a new market and so this is What the fine looks like to me is They've conceded that xrp is going to be Used and they're like we want our our Kickback like an organized crime that's Right now this will be the interesting Thing that people haven't really
Discussed like all right so I don't Think Ripple's gonna have to pay2 Billion dollars because they have very Good lawyers that will hopefully Negotiate on their behalf let's even say They had to pay a billion dollar fine Right right what do you think they're Gonna pay that fine In xrp right so the cartel is like we Wanted 50% of the xrp in the beginning If you had just given us half like we Asked we wouldn't have given you a hard Time but you didn't really want to be Controlled by the mob so you said no but Now at the end of it we're still going To take our cut if you would like us to Get out of the way and let you do your Thing and there's where we've been Seeing it and you know uh for those of You that are in the dpmg I used to do a Weekly show with Molly Elmore and she's Super fantastic you know she's really Brilliant and I think this is so spot on She has said multiple times and I have Adopted it myself because I think it's The right way to see governments around The world and political parties you know Gangs cartels right thugs mob that's the Way to see these entities and you know It's the for me it's the simplest way to Understand it and that's where it comes In to pay to play and I think it's Exactly what's going on here no question About it and let us not forget too by
The way uh you know don't forget about Jed Caleb's Taco Stam wallet who bought All of that did the Federal Reserve of The US Treasury buy it All and who will get the1 billion fine Or whatever that fine is if they pay it In xrp the US government that's who Meanwhile here's another piece to this Amazing threads that Ashley Prosper has Been putting out this time it's Africa And some other countries here and I'll Just leave this here and you could look At it on our profile I know we don't Have a lot of time to look into this Video today but I encourage you to Follow Ashley Prosper follow all this Information there is so much stuff and I Remember reporting on a lot of this Stuff but you just forget it's too much Information for you to be able to retain It and I think that's what the the Process has been for her is to go back And run through all of these different Facts from each different country and Region of the world to remind ourselves Of just how much has gone on and this is A clear Remer 36 countries with honor Freak which used to be MFS Africa if you Remember they rebranded so 36 African Nations I mean that is just absolutely Remarkable and that's just Africa ladies And gentlemen I showed the America one This in the first video this morning my Goodness go look at that it is just
Overwhelming now I want to I want to Play this clip for you talking about t+ 0o settlement which means same day trade Execution and settlement is a GameChanger for traditional finance and This is Brooks an whistle from Ripple Sitting on stage here at token 2049 but um you know you're very Passionate about zero settlement times And that's a major Innovation from Stable coins um tell me from a trading Perspective like what do you see Blockchain infrastructure doing for Global trading yeah I mean crypto Traders are pretty spoiled frankly Because of the exist of stable coins um If you talk to someone in crypto and you Say hey t0 settlement that's pretty cool Right that question is that comment is Almost not understood by people in Crypto because we're so used to it um Most traditional assets if you want to Settle if I'm sending you a bond that I Owe you that's going to take two days um Some transactions take longer the Ability to settle Transactions not only in the same day But often in the same you know 10 you Know sub one second block That is a superpower and to me when I Think about what are the things that Blockchain allows that are going to move Past crypto markets and into trafy Markets stable coins in general and t0
Settlements in particular that seems to Me to be the first thing that will be Really exported into larger scale Finance great great Great there you have it right there but I'm not done with you just yet because You remember this this was when I played To you uh all the way back in 2022 when Gary gendler and the rest of the SEC Chairman chair people uh persons voted Unanimously to move forward with same Day settlement citing distributed Ledger Technology is indeed underway the ever Increasing pace of advancements in Technology including distributed letter Ledger technology further shortening the Standard settlement cycle in the near Future may be both desirable and Feasible Indeed some such efforts are already Underway that was two years ago and the Efforts were already underway and they Go on in this to vote unanimously Information confirmation and allocation Commissioners vote uh on the division's Recommendations uh to amend the Securities Exchange act uh uh on Clearing and settling Yes yes yes uh yes uh the recommendation Is approved Unanimously there you have it and that Was two years ago and now we're talking About it here's a reminder right here no Utility until legal Clarity xrp will be
The first digital asset to unveil its Liquidity business case I think that is Absolutely spoton from Andrew dilus here Uh it says here current cryptocurrency Digital assets distributed Ledger Technology DLT and other Innovations Increasingly are integral parts of our Discussion s about the evolving Financial Services industry as companies Stakeholders and policy makers assess The challenges of implementation and Regulation it's all coming ladies and Gentlemen and here is a quick clip from That same token 49 conference where this Gentleman right here uh uh rathy from Circle jokes at Ripple save crypto Circle from which makes usdc and I'll Get into a a special reason as to why I'm wearing this uh special jacket today Uh towards the end um Brooks tell me a Little bit about uh you've been in this We've known each other for a long time You've been in this industry for a while You were at at the origin a traditional Finance guy right um so you know like we Are still at the very sort of early Stages even though it seems well Advanced to us of crypto and its entry Into Finance what do you think we need To do to move us forward a bit more uh Faster we've only got like a couple 100 Million users we obviously want to go Into the billion similar to financial Services we think we have the special
Magic to to unlock financial services For a bigger population to make it Cheaper faster and better what do you Think we still need to do yeah one of The things I think I've watched Capital Markets develop in the region you know Since the early 90s when the fixed Income markets Equity markets were early And some of these markets were very Closed around and one thing that was Critical overall from the very beginning Was to uh push on the regulatory front To make sure that Regulators in every Country understood the value of what you Were bringing to the table uh with a Product with a certain market and in our Case with digital assets blockchain and And crypto to make sure they understand What is in it for them why is it a good Thing and and why should their regime And Country uh buy into some of the Things that that we're setting up Without it's trading operations or Moving value across borders um and we've Always found that you're better off Being in dialogue and being part of that Process and that's true in financial Services um I spent a little bit of time At Uber between the two and that was the Same kind of game different industry but You had to convince local Regulators That what you were offering was Important for them and their citizens Okay great and I spent some time with uh
Brooks and the and the Ripple El the Other day and I shook the hand of their Clo for uh jokingly saving Crypto yeah and they actually have right And thank God they've had the money and The coffers to go get it done and the Wherewithal and you know uh the courage To take it all on Look at this chart right here I love This because Jim Knox says xrp will Crash hard soon mckl says run you know And I said the kind of Crash we've all Been waiting for ripple V wiggle says I'm out you know but if you look at this You'll see very quickly that this is an Inverted chart which means it is Completely upside down so the high Prices are down here and the low prices Are up here right so uh this does when You flip these charts over sometimes you Can really start to see wow that does Look like it's going to break down but In fact it's not it's going to break up And it's much harder to feel that way Psychologically when the chart is Actually reverted back to its actual Right direction right and then you're Like what I hope it goes up when you're Looking at this it does look like a Short sign things are going down doesn't It but that's because it's inverted so That down version is actually an up Version the question is is will it go Three bucks five bucks 15 bucks or more
I don't know but I'm so glad that we're All here together to find out together Love being on this journey with all of You this is a remarkable time for all of Us and I think 24 25 are going to be a Different kind of year than the last Four have been at least that's my hope For all of us and it's certainly not Financial advice we're headed into the Freedom Zone ladies and gentlemen and I Hope you will join us because we're Going to go into the real problems that Are happening right now in all of our Lives you need to know about it it's About the food it's about control and You need to be aware of it because we Need to do whatever we can to empower Ourselves with enough knowledge to know What the people who want to harm us are Trying to do so we can do what we need To to protect ourselves and our family I'll catch all of you in the freedom Zone dig perspectives. comom you can Join us for next to nothing just go to Dig perspectives. click that button Click that freedom zone right there and Come on In all right welcome
