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Welcome back to the show everybody check Out these headlines there's a lot of Conversation going around about Ripple And the price of xrp and how is it Happening and is it being controlled or Not we have some great stuff for you to Look at somebody roll that beautiful Intro digital perspectives with Brad KES Come on In Welcome back to the show everyone you Could follow us on Twitter and YouTube For exclusive content right now $2.4 Trillion market cap for crypto take that Gary gendler we're up. 3% 51,500 Plus for Bitcoin right now 2,700 Plus for ethereum tether market cap 97.6 Billion plus at the moment 55 cents for Xrp we're up 1.2 in the 24 and up 4.2 on The 7day let's get into this the range Of price between 54 and 55 nice tight Trading range that's going to be a part Of our discussion today and you know What Le let's do this first okay because I am so proud to announce that fruition Films that is releasing xrp unleash Documentary will be filming at xrp Las Vegas 2024 and they've told me that you Will have your opportunity to be in xrp Unleash to make your mark as one of the Soldiers in the XR P Army and let your Family see you on Netflix or HBO one day Because that's where this thing is going There's no question about it so listen
They're doing an incredible job and I Can't even say enough about it but I do Want to tell everybody very quickly just So you know make sure you go get your Ticket because there's only 25 VIP Tickets left and when they sell out they Will be sold out and then there's General admission tickets remember these Are two-day tickets so per day here the Investment in yourself to come learn Listen David Schwarz is going to be Doing an incredible fireside chat Talking about all the things he's Excited about when it comes to the xrp Lger and things that are coming in the Future and there are I mean you know the The xrp Ledger here recently has had Some things brought to it to vote on That are absolutely transformational in How The xrp Ledger performs this is one Of those times you're going to want to Make the investment in yourself and be At this conference it's going to be very Good very good I'm telling you so let's Look at this because again right now Currently in the US we're down to stable Coin Wars I played for you yesterday how Circle coinbase and black rock both came Out heavy and hard against USD tether And black rock especially towards mining Of Bitcoin proofer work projects so we Know that we're at a pivotal moment here We've had Congress tell us now that We're very very close even Jerome pal I
Think has leaned in but this is going to Be interesting because if we get the Legislation passed by q1 as some in Congress have said could Happen this could be absolutely powerful I think stable coin legislation real Legislation that's perfectly clear that Allows the financial system to Participate is going to be just as Impactful as the Telecommunications acts For the internet of 1996 we shall see Though right all right I want to play This here and shout out to Dark Horse Here dark horse has found some stuff and He's wants to talk about this and how The documents from the court case reveal That there is an effort at times to Stabilize price and I want to play this For you uninterrupted so you can hear His thoughts and then I want to respond To that so shout out to Dark Horse for Sharing his thoughts Here one second there we go sir xrp Market makers are true xrp market maker Jsr has a massive impact on the xrp Price and they have a lot of Bots Actually working on the xrp system to Actually create a zero neutrality Balance on the xrp value itself now There's a lot going on at the moment if You look at 589 go to exhibits 1 all the Way down to exhibits 30 go read the Deposition of the GSR um team leader and The marketeer and go look at the CFO
There's a lot in here to unpack so I'm Going to try and get through this really Quickly basically what happens is is the Odl is actually a big problem on the Balance sheet the way the odl works is It's actually centralized exchanges Thanks David Schwarz but it also turns Out that that is 100% true now the odl Itself actually has an interesting Negative balance on the balance sheet so Say if I do an intercountry um payment Then I'm taking liquidity a lot out of That one country and they found out it Had a negative impact on the balance Sheet itself for the price of xrp so What they ended up doing was they ended Up talking to jsr and what they do is Brad Garling house sent out an email Which is again on the documents sent out An email saying you need to do a 100% Reversal of anything that buys or sells With inside of the exchanges when it Comes to into country all that means is You be you become net neutral you become A zero value so if I send 2 million Across and I sell it they're going to Buy 2 million back there is no price Increase there is no price increase Based on the usage of xrp itself with Inside of the odm this is where usage Actually becomes zero So xrp usage will increase the price is A load of then we've got on top Of that the price action now as there
Was as soon as there was a price action That that they could take advantage of They used a bot called bot 2T and they Drained the liquidity out of it and Returned it back to a nice price value In which they were happy with then also You've got Chris lson who also saw that There was a price drop and Chris vson Actually bought back some xrp to Increase the price value back to where It was GSR is actually paid and they Actually paid for more actual odr market Makers to keep the balances at a price Now there's loads of this actual Information available on this I mean I'm Going to show you all of the documents I Can as you can see that I've been Dropping all I'm going to say is that This is a stable coin this is a stable coin the way that they've Played xrp xrp to the Moon xrp to 10,000 They got GSR there balancing it out and The more it actually gets utilized on The odl the more it gets balanced out so If you start seeing a price increase They're going to gouge it with bot T2 And they're going to take out the USD And they're going to walk away so yeah They love us they love us so much They're draining the usdt from it the More I read it gets worse it guess worse Teaching the Information look uh you know look I Don't agree with dark hor I look I think
Here's the thing I'm not disputing the Stuff that he's found you know the stuff That he's found from within the case Right what this and I'm not trying to Change anyone's mind he's got the right To think whatever he he wants to think And the the point is he's opened up what I feel should be a great Conversation right because what I'm Going to share is a different Perspective of how to look at this Information you know I have been asking The question specifically and before I Was ever even even thought I would end Up in the YouTube world uh you know my Oldest brother and I when we found the Digital asset xrp back in the day when It was still known as ripple at the time But the token xrp when we found that and We knew that they were connected to the Faster payments task force from the Federal Reserve we found out Craig Greg Kids there you know you start to learn These things then you really start to Understand like we started to understand For oursel that this is this is about Something much bigger than some tech That works right this is I this is why I Believe that you know Ripple is as much As a startup it's also I believe like a Commission Company because this is Something that has to be done the Government needs a solution going Forward you know the next monetary
Crisis the next Crisis we have is a Monetary crisis in my mind uh where the Last one was a real estate default swap Crisis right they just kept repackaging Bad ideas and bad products so you know What I again you know these are just Just he's got his way of looking at Information and those things that he Found from within the case I want to Offer a different perspective today you Know is xrp a stable coin I don't know And more importantly I don't care if it Is to me or him or someone else what I'm Really interested in is what it is to a Banker a financier an institution that Needs to use it a Regulator governments what do they say Xrp is because that's what we need to Know because that's the way you're going To find out how it's looked at by the Very institutions and banks around the World and governments that should intend To use it so with that being said I want To share this so let's look at let's Look at this very quickly Here Craig Phillips joins Ripple board Of directors this was back in 2019 but Why is that important because Craig Brings more than 35 years of Industry Expertise to Ripple having held Leadership roles at Morgan Stanley Black Rock and most recently at the time Craig Served as counselor to Secretary of Treasury Steve minuchin he came from the
Treasury and went to Ripple in 2019 who with an illustrious career like That would go work at a Startup is he working at a startup or is It more of a transition team role Bringing someone over from the treasury Knowing that one day xrp is going to be Money Then we have this remember when Ron Hammond used to work inside the Government for Warren Davidson help Architect the token taxonomy act yeah He's been badass for a long time Remember Susan fredman also from the US Treasury that joined Ripple as well Remember her in 2019 another treasury Official and another one joins Ripple Back there in the Day 2015 Michael bar And he came from the US Treasury a top Official during the President Barack Obama's Administration right and where is he now He's the vice president of the federal Board of Governors after being the Ripple advisor and he's Crafting stable coin Legislation yes he's helping architect That he's also an architect of the Dodd Frank act which birthed the financial Stability oversight Council Uhhuh don't believe it it's still true Another ripwood advisor from the Treasury now let's take a look at the Board of directors I'm going to land
This Plane stay with me here this is Just another perspective you're welcome To take from it what you will I'm not Trying to win an argument he's got his Views I'm just sharing mine look at the People on this board of directors here Ana Manuel very quickly if I could right Let's just point out just a couple Things worked with former Secretary of State Kisa rice right Secretary of Defense Robert Gates you seeing this Right you know corporate boards the US Congress Department of Justice I you you Know you got all of this right Aspen Strategy group we've seen her there for You know the list goes on right let me Just very quickly here Sandy o Conor if I could Chief Regulatory Affairs at JP Morgan Chase G helped engagement with G20 Policy makers right senior positions Including Global Treasurer head of prime Services you you getting This support the integrity and Efficiency of capital markets as chair Of the Federal Reserve board's Alternative reference rate committee Remember she architected getting the sof For rate to replace the liore rate which Is the interest rate that Banks lend to One Another task force on financial Stability on the FDIC systemic
Resolution advisory committee are we you Getting enough here Right then this gentleman Michael Warren Yeah you know where Michael Warren came From President Barack Obama's Administration these people are on the Bard of Ripple so when someone says That this looks a lot like a stable coin I have to Say it sure does doesn't it but I got News for you it's not intended to be Worth a dollar and the truth is is it Comes down to exactly what I've believed For a very long time and I don't know How it eventually lands with what they Designate it at maybe it is a stable Coin maybe they find some other Designation but one thing I know is that I'm seeing the introduction of automated Market makers and liquidity pools which Can take people out of the centralized Order books to make payments which means You can make payments for very very Cheap and do it quickly and you don't Need to change and buy from an order Book to do It now knowing how the automated market Makers work in liquidity pools it helps To get rid of the Arbitrage and the Slippage it helps tighten that very Quickly find the buyer close the deal in A split in Split seconds milliseconds in Some cases I bet make these markets and
Tighten that spread but it doesn't mean That the price can't go up and in fact What I see happening that's been pointed Out here by Dark Horse just looks like a practice of good Sound monetary Policy of making sure that what you're Doing Works before you end up getting That finality in legislative Regulatory clarity and legal Clarity That gives you the absolute finality on Legal terms because we're talking about Moving all the money anything to Anything the SEC case defense end Decision all of these things it's a Giant vetting process to me they're not Putting the world's liquidity tapped Into this network until they absolutely Know from every angle that it's not Going to throw the world into some kind Of kind a downward Spiral but lift it up out of the Nightmare that we're headed to Financially that's just a thought for The day who's right I don't know and Honestly I don't care the only thing I Really care for to be perfectly honest Is that we all get the right answer Together and I think some way today I Hope at least we've all helped do that Shout out to Darkhorse for his thoughts And everybody else here shout out to xrp Ml markets and Zack Rector too they're Tagged in this I don't know what they
Were saying but nevertheless shout out To everybody look I hope we keep this Conversation open because to me what I See is the institution and the bringing On of these new methods inside of this To create stabilization mechanisms for Price while allowing the open Mark Market to remain open so you can Continue to onboard liquidity as you Bring it on and you bring that liquidity Plus utility added which you're only Going to really get in scale in order of Magnitude after there's legal Clarity And complete finality in that Department and once you do I think it's Watch out time because that's what this Was really designed for and everything I See up until now has been test and test And try and proof of concept and pilot And real case use case and they're Bringing it on and it feels slow to all Of us because if we're if we're guilty Of Anything it is truly because we're still Early and when's the last CH time you Found yourself in a position where you Were at the dance before it Started and if you really do feel like You're at the dance before it started Why in the hell would you ever be upset About That that's going to do it for me ladies And gentlemen I hope you'll join us at Dig perspectives. comom join the freedom
Zone or dpmg we're going to be doing Some great stuff in here uh I hope You'll join us look I got to go today It's Sunday I hope everybody has a Wonderful day have a fun pack day with Family so I can't wait to get to it and I will catch all of you on the next one Not Financial advice from me or anyone Else
