Ripple/XRP-U.S. Regulator Wars CFTC vs SEC, USGovt Sues Another Crypto Exchange, Ripple Remedy Phase

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Welcome back to the show check out these Headlines we have for you regulator wars In the United States between the cftc And the SEC they're heating up ladies And gentlemen and the government sues Another crypto exchange out of the us We're going to talk about it Ripple SEC Remedy phase we got that and so much More somebody roll that beautiful [Music] [Applause] Intro digital perspectives with Brad KES Come on [Applause] In welcome back to the show you can Follow us on YouTube and Twitter and dig Prospectus domcom for exclusive content Right now $22.81 trillion market cap for Crypto the market is off by. 3% 7,700 Plus for Bitcoin right now 3600 Plus for ethereum tether market cap 103.6 billion plus xrp back at the Number seven spot sliding down one 62 Cents we're off by 2.4 in the 24hour but We're up by 4.5 on the seven days we'll Keep an eye on it range of price between 61 and 64 cents we're sitting pretty Much in the middle there and I want to Tell you about private Equity at link 2 Ladies and Gentlemen uphold Kraken Ripple you name It they got it oh my goodness Circle Goodness gracious It Go goes so crazy It's like you can't mess around because

There's so many different amazing Products in the private Equity space That they have on this platform I could Literally sit here for 30 minutes and Just talk about it all I mean it's so What a remarkable opportunity but click The link underneath the video If You Don't Know What You Need to to register I can tell you right now it's not the Mountain to climb that you think it is So make sure that you register and if You're not sure if you're accredited Click the link below go through the Process and figure out what you need to Do to close the gap that's all you need To do and it's so easy to fund your Account and get started you could do it Same day I'm telling you it's super Super quick to get on boarded here we See uh I get the opportunity to be a DC Blockchain Summit this year I'm super Excited about this and it is a privilege And an honor to be able to do this and I Want to shout out to the digital chamber For having me uh this is going to be Super cool and I can't wait for it it is May 15 2024 just after uh xrp Las Vegas On May 3rd May 4th so it's going to be a Really really busy week or two there Back to back but this is going to be a Lot of fun and I'm super uh happy to be A part of this so shout out to uh Digital chamber for giving uh me that Opportunity to to be there with them

Looking forward to it and here we see US Government indicts crypto exchange qoin And two of its Founders on criminal Charges citing a multi-billion dollar Criminal Conspiracy Uhoh right let's get to it here uh I'm Going to bring you down to the part that I got where you find out what's going on Here so the exchange and two of its Founders specifically were charged with Conspiracy to operate an unlicensed Money transmitting business as well as Failing to adhere to the bank secrecy Act qoin had failed to maintain Reasonable Procedures for customer verification and Suspicious activity Observation attorney Damen Williams says The exchange deliberately sought to Conceal the number of users on the Platform moreover the uh the uh alleg That they they alleged that qoin then Took advantage of the sizable Us Customer base to become one of the World's largest exchanges additionally McCormack said the agency investigation Called exchange of criminal Conspiracy look um I would not want to Be these guys okay there's there's the Short message right there okay the short Message is is I'm glad I'm not Chun gang And K Tang right because that's the two Founders here that have now found

Theirselves to be locked up and this is All coming out of the press release from Southern District of New York you know Again you know for those that think You're Overseas right in those kinds of areas And you think you're just like oh that's In the US that doesn't pertain to Me uh I think Chun gang and K Tang are Going to tell you that that is not Accurate and that would be horrible Legal advice to listen to that because They're locked up at the moment right And uh look I'm I'm not even trying to Make light of this uh I I've said it a Million times and so is the SEC if you're touching American Customers you're touching American Regulations and American Laws there you go write that one Down and inside of this Q coin Lawsuit we know that the cftc has Acknowledged that they say ethereum and Litecoin are both Commodities however we're getting a Different angle from the SEC so the SEC Says eth is a security the cftc says eth Is a commodity and this sounds like a Great opportunity for Congress to pass Some Legislation pretty pleased we are paying You after all here's the evidence inside Of the lawsuit from Jake travinsky from Blockchain Association

Showing in fact the cftc acknowledging That they are Commodities ether Litecoin They include Bitcoin as well but it's Not in this conversation today but we Know that's how they see it and here we See a letter written to Gary gendler at The SEC over concerns about prometheum Plans to list ethereum as a security and For the level set for all the new people In this space a lot of people joining The channel every day very quickly here Promethium was awarded a special purpose Broker dealers license directly from Gary gendler's SEC problem is is promethium is clearly Got ties to Juan Zang which is a Communist uh ch Party back company that's the problem And how did they get such a coveted License from Gary gendler and the SEC and it also the other angle here is Is that is it possible that promethium Is listing ethereum as a security Because the SEC doesn't want to list it As a security and Sue ethereum Alliance And Joseph Luben and vitalic butterin Over the Ico because it would give you Guessed it Discovery to their legal team To investigate all of the communications For which Joseph luin and ethereum lines Are clearly aware of I'm sure so they Won't go after the Ico they're Handicapped in that regard so what do They do they go after the change from

Proof of stake to Pro uh proof of work To proof of stake and now claiming that Projects that are proof of stake are Securities if they pull this off then Everything that's proof of stake will Fall under being a security look I don't Believe crypto in and of itself is Securities I believe they can be Packaged that way and they may as They're trying to do here establish Precedent that if you're using proof of Stake then you are involved in a Security contract or Investment Tom Ember chimes in and says The SEC and the FC have an extensive Record asserting that ethereum is not a Security why does preium and SEC Registered broker dealer planed to Custody ethereum as a security this is The problem and that's is why they wrote The letter trying to get this all sorted Out mckl markets has a nice little run Here that you need to hear that I think All of us feel exactly the same way too And this is really about now well let Now I want to change gears because now We're going to Ripple remedy phase and I Want you to hear this about the way heay Lays this down it's really it's really Remarkable look at this tweet they put In evidence in the case it's time to Fire Gary Gensler and restructure the SEC now very quickly there was a lot of Images that were taken from social media

Platforms of all of us at xrp Las Vegas And other posts like what you're seeing Here that mckl is showing right and this Was all put into evidence in the Remedies phase motion uh to make the Sec's case but keep listening here from Warren Davidson the SEC as evidence in Their case is bringing forward tweets From sitting congressmen saying that the SEC is completely out of line the SEC is Bringing tweets forward from a sitting Congressman that is saying that the SEC Is not acting in a faithful allegiance To the law when it comes to Cryptocurrencies seriously it is like Obvious to me that the SEC is massively Hurt here when you have a sitting Congressman saying it's time to fire Gary gendler and restructure the SEC and Uh he spot on here shout out to Warren Davidson for that angle and here is Warren Davidson actually highlighting John Deon John Deon says as a private Citizen here and as a candidate of the United States Senate uh in Massachusetts I'm calling for the re resignation of SEC Governor chairman uh Gary gendler Under gendler the CS rotner Intentionally abandoned its primary Mission in protecting innocent investors It goes on but you get it and this is Backed up by Warren Davidson Representative uh uh on the hill here Says facts sadly Congress has not yet

Solved the Gary gendler problem or the Structural flaw with the SEC thanks John Deon for making the case no doubt about It now I put in here uh a gentleman said You mean you haven't solved Gary Gendler's problem you're in Congress Right you have the majority with Subpoena contemp power right I agree it Is sad Warren Davis says brother I don't Have the majority my party my committee Yes but one of 435 doesn't even get a Recorded vote on the issue send Reinforcements and I totally get that Too I asked here I said look Warren Davidson we appreciate your efforts in Congress on crypto fixing the SEC do you Think using the subpoena power over Gary Gendler can be leveraged to get Maxine Waters on board for stable coin Legislation is it even needed and do you Think stable coin legislation uh still Has a chance of passing this year and we Have it yet to hear from him it's still Early I just made that post but we'll Let you know if we do Jeremy Hogan comes In in response to the SEC and their Remedy motion uh for asking for a $2 Billion fine from Ripple knowing full Well there's no there is no laws that Have been broken and they want $2 Billion I mean why not a helicopter and A pizza on the roof of a bank while We're at it because you might as well be Bank robbers for God God's sake so he

Says uh how backward has the SEC got This it wants two billion from Ripple Which would require Ripple to sell a lot Of xrp causing the price to drop hurting The retail holder you and it would then Discour the money back to to Rich Institutional holders feel protected Yet you you can't make it up I mean he Nails it here and then there's this Shout out to Zach Rector for Highlighting this on uh social media the Other day you know we find out from the Remedies phase uh filing motion that Ripple has entered into 80 more Institutional sales contract since the SEC lawsuit so if anything you can Clearly see there is a demand to use This asset right and then you combine The understanding that what is the Ultimate goal the ultimate goal is for Ripple and xrp to work and complement Inside of the Banking and Financial System broadly and here you can see Evidence of all of that stage being set Now none of us know when that will Actually take place but I know one thing Is for certain The Log Jam for clarity It or the Log Jam to open up Innovation And to really set this Market in motion Is legislation it is legal Clarity it is Regulatory Clarity and it's clear and This is how you establish to the world That there's a difference between the Internet and the dark web and there's

Going to be a big difference between the Regulated value Protocols of the Internet of value versus the internet Protocols of the dark web that will also Move value remember there's Silk Road right and then there's MasterCard And Visa so you know you know you don't Don't confuse the two what we're seeing Here this long four and a half almost Five year run now to suppress this Market is really about Establishing the difference between Regulated payment rails and value Protocols and ones that are Not it's going to come and it'll come on Their timeline and they say right here Smoke dog says it best a richer data Layer can be overlaid onto proven Systems like Swift through token Technology with crossborder payment Systems like Ripple you can see it right There Swift through their token Technology this allow much greater Adoption and likelihood of becoming a Global standard crossb Payment Systems Being developed by players such as Ripple you know you see all of this Anders chimes in it says agreed it's Much faster path to just do the Settlement layer and leave the messaging For Swift then for ripple to convince 11,000 Banks to join Ripple net that Would take a couple decades it's exactly

Right it's exactly right and listen I Learned this when I have my own Beach Company you know you don't need to get 100% of the market capture you need About 10 you get about 10% Market capture even Five depending on what the market is and How many players are in the market you Just need to show them that you're Viable and that it works and they've Done that and it won't be much longer After we have Clarity we're going to Find out just how important and how well It does work that's what I Believe and for a lot of people that Have been freaking out about the remedy Phrase remedies phase filing Mo filed Motion by the SEC that says Ripple in All of 23 basically just made money from Xrp listen I don't know where the shock Is coming from that I've seen on Twitter Here but I I I say the same thing Molly Elore says it best here if xrp is a Currency that is supposed to be used as Money why are people upset that Ripple Is using xrp to pay for things isn't That the primary use for money it's this Is so spoton it's absolutely right I Mean you know I don't know why people Are so upset that they were using xrp For exactly the same reasons that they Have been 100% transparent about in the Past it doesn't make sense I tell you What this makes sense to me and what

Makes sense to me is that the more Clarity we get and the more freedom and Clarity we get to understand that the Financial system can begin to use this Technology without the fear of getting In Trouble then the higher this goes that's How I see it 1027 $800 I'm here for it All and I got bags for it all all along The way that's what I got and I hope you Do too uh not Financial advice for me or Anyone else we are going into the Freedom zone right Now and we're going to deal with some uh This is heavy stuff right here we're Going to jump into some stuff that Boring sleuth has been doing and U my Concerns about censorship you know are Very real and we don't need to even talk About it it is a real element out here I Don't care what they tell you it is a Very real element so we're going to take It behind the wall today day into the Freedom Zone I hope you will join us We're going in there now not Financial Advice of me or anyone else I'll see you Inside the freedom Zone come on In all right

**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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