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Hello this is Matt on the moon Lambo Channel I have a couple stories to share With you in this very latest Moon Lambo Hot Jam including this one from you Today Ripple's top lawyer SEC faces Another loss and no yes indeed it is True the SEC just suffered yet another Defeat there's also this headline now This one was from a few days ago but I Haven't had an opportunity to talk about It yet on my channel and it's too fun Not to cover so I thought on a Sunday Evening this would be a perfect time to Go over this you may have heard the news By now but check this out we're going to Get into some of the specifics here but From coin Telegraph judge rules Craig Wright is not Satoshi Nakamoto now this Is just too fun to cover like this guy Literally made up this false biography Like this entirely false pth and just Fabricated documents pretending to be Satoshi Nakamoto and the judge ain't Having it smacked him on down it's A grand old time but before going Further I do want to be clear I do not Have a financial background of any kind I am not offering Financial advice and You definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun and by the way just to set
The table here just a tiny bit um this Isn't the first time in recent like Super recent history that uh the the SEC Has gotten smacked down by a judge do You remember this one this is from March 6 Ripple clo takes subtle new jab at us SEC actually let me cover it from this There's a like this was covered heavily Of course in crypto media and for good Reason my God is and isn't it funny how Much just like a year's time can make a Difference because if you go back just a Little over a year ago Gary gender was Bragging about how they'd never lost a Court decision having anything to do With crypto and then since then it's Just loss after loss after loss after L It's just Fant you love to you'll love To see it right but here's the headline From uh the crypto basic on March 7th Another Court lambas SEC calls its rules Quote vag and Lucy goosey end quote the United States Securities and Exchange Commission is no stranger to criticisms As it continues to attract condemnation From multiple United States Judges damn straight and for good reason Uh in a recent development Ripple's Chief legal officer called attention to A lawsuit where a judge in the United States court of appeals for the fifth Circuit slam the SEC over its buyback Disclosure Rule and I don't need to read The rest of the article I just want to
Make the point that this is It's Delightful it's like a little bit tasty You know what I'm saying and it's just So fantastic to see loss like Back-to-back losses you know and so Steuart aldera uh wrote The Following This is March 6 I don't know much about This proxy access case argued in the Fifth circuit yesterday but when a judge Says the SEC rules are and this is a Quote from the judge so vague and Loosey Goosey that nobody knows whether they'll Be at risk end quote she may be on to Something yeah think steuart Alat Obviously nailing that which brings us To the most recent loss here because the SEC let's be clear they're not operating In good faith it's they're disgusting Despicable organization that agree to Which um I never would have guessed and I wouldn't probably be aware of if not For the fact that I'm in the world of Crypto and an xrp holder but here's Here's the headline from you today Ripple's top lawyer sec another loss This is the brand new one here in a Recent setback for the US Securities and Exchange Commission the fifth Circuit Court of Appeals placed the sec's Climate reporting regulations Temporarily on Hold this decision marks a notable pause In the sec's efforts to require Companies to disclose their greenhouse
Gas emissions and other climate related Information Bloomberg reports Stuart Aldera Ripple's Chief legal officer Pointed to this event as yet another Loss for the SEC The pause comes as a result of a request From Liberty Energy which argued that The new rules would cause irreparable Harm due to compliance costs and Constitutional issues despite the sec's Rebuttal that Liberty's concerns were Speculative the fifth circuit issued a Two-page order without detailed Explanation preventing the regulations From taking effect pending further Court Decisions this is I got to tell you this Is I'd love to see data on this but I Would not be surprised if this is the Losingest if I can make up a word the Losingest that the SEC has ever been Under a particular SEC chair I would Love to see data on that would not be Surprised if this is the case though Especially because of the tremendous Overreach having to do with crypto like We knew like because we're you know Living in reality here we knew that this Was a tremendous overreach and the good News is in the United States even though There is no perfect justice system in The United States it is true that by and Large Justice is done it typically is is It's not perfect sometimes there's Injustice as a result of the court
System but that's not usually the case Usually it's pretty damn good and so I Was always optimistic the whole time Going through the secv Ripple case that Justice would be done and it most Certainly has been broadly speaking Anyway uh and here we are we've come up Better on the other side with xrp in a Better position literally than any other Cryptocurrency in existence from a legal Perspective and so here's uh here's the Screen grab that steuart Al shared fifth Circuit blocks SEC climate reporting Regulations for now the fifth circuit on Friday temporarily blocked the Implementation of the US Securities and Exchange commission's new emissions Reporting requirements issuing an Administrative stay in a challenge Brought by oil and gas company Liberty Energy Inc and he simply wrote Because This is really all that you need to Write another week another loss for Guinsler SEC and I I particularly love That after this attack and all the Stress and nonsense all the the team at Ripple had to go through including Including undoubtedly Ste Al I'm so glad That since we've gotten that that Clarity on xrp we we're far enough along Even though I know technically the secv Ripple case is technically still ongoing The part that matters to you know xrp Holders that's settled we're good like
We are golden here I just love seeing Steuart aldera being in a position where He can just come out right and just mock The SEC because that agency deserves to Be Mocked absolutely in fact take a look at This just to illustrate the absurdity of What they've done here there's this post From Paul greywall that's the chief Legal officer over at coinbase and he Shared this screen grab and he simply Wrote don't want to read our entire 78 Page in our third circuit suit against The SEC just read this to understand how Broken the commission's approach has Been and folks coinbase ain't line they Put this together what is on your screen It is true the SEC talks out of both Sides of their mouth whatever they think Would help them in the moment they will Just say that and it's just amazing to Me because they are they actually Thinking that the judges in various Cases will not be aware of this do think Like are the judges do they think the Judges are just so stupid that they're Not going to be aware to detect that the SEC is disingenuous and that they're I Mean that's putting in lightly they're Outright Liars so look at this there are three Issues highlighted in highlighted in the Screen grab number one is is a digital
Asset a security and then they provide Examples of the sec's conflicting Statements going back to 2018 so is a Digital asset a security in 2018 the Answer was no and they said a digital Asset quote all by itself is not a Security in quote 6 years ago 2018 but Then fast forward a little bit in 2021 Is a digital asset of security from the SEC the answer then was yes a digital Asset quote embodies and represents the Investment contract end quote now Obviously that comes directly from the Ripple lawsuit pertaining to xrp they Said yeah it embodies it that's the same Thing as s xrp itself is a security okay So fast forward further to this year 2024 the question again is a digital Asset of security they go back to no no It's not they a digital asset is just Quote computer code end quote and I Remember when that was filed because That was the filing were they Acknowledged the SEC acknowledged they Are not going to appeal the decision From Judge Tores that xrp is a security Like of course not yeah I said itself of Course it's not a security it's just Computer code no inherent value even That's what they said That's what they said last year it may Have been in I want to say August Pulling from memory could be wrong but It was around then I'm
Sure but literally 5 days later after Arguing no the asset itself is not a Security five days later I kid you Not is a digital asset of security yes Five freaking Days Later reads as FS the Digital asset itself repres quote Represents the investment contract in Quote they went back to the embodiment Theory five days Later what judges falling for This I I hope the answer is none of them Hopefully they're not stupid St o p Stupid it's it's just laughable it's Just and so much is at stake here and They're actually harming real people's Lives like they harmed the lives of so Many of you listening I'm willing to bet The vast majority of you were Financially harmed because of them and Look at how absurd it is you can you can You could tell anybody who's not Informed on the topic just show this They'll be blown away this is really how This agency is actually behaving the Next question is can the SEC regulate Digital asset exchanges in 2021 their Stance was no they can't regulate Digital exchanges quote right now there Is not a market regulator for crypto Exchanges end Quote but in 2022 a year later they Changed their tune the answer was yes The SEC can regulate digital asset Exchanges quote Congress gave us broad a
Broad framework to regulate Exchange end Quote what might these things be at odd With one another he thinks the answer is Obviously yes yeah assap Pricks spawns Of Satan winged creatures and then the Third question is existing law clear in 2020 they said no there is quote no Certainty end quote about whether Digital assets are securities so the SEC Are came what the asset it's all we Don't know whether not as the Securities Are you serious we don't know what they Do with our hands how do they even get Their shirts on in the Morning so they didn't know but in 2023 The answer was yes existing law is clear Quote we have a clear regulatory Framework built up over 90 years end Quote okay do you no you Don't it's just absurd now the only Thing more absurd specifically than that Last little Bit would be this maybe this is this More absurd actually I maybe I should Take that back I mean the X the secv Ripple lawsuit pretty freaking absurd The claim that xrp itself is a security Certainly more damaging to real world People than what happened with the Craig Wright case here but which is more Absurd I don't know I'm going to take Some time to think about that but maybe It is the Craig right thing then again Because even though that obviously isn't
As consequential and it you know Obviously didn't harm as many real world People Uh is in terms of just pure Absurdity I guess so I mean he's like This literally this guy is pretending to Be Satoshi Nakamoto And fabricated documents fabricated an Entire biography and entire Past that might be more absurd okay okay I'm I'm thinking that's probably more Absurd even though it's not as in Consequential or important as the secv Ripple case in just in terms of pure Absurdity okay probably yes if I'm wrong I'm willing to be persuaded though I'm Just this is a stream of Consciousness Here so I I I could take that back tell Me what you think in the comment section But anyway the headline here judge rules Craig Wright is not Satoshi Nakamoto Report And this is from three days ago March 14th and I'm glad I have a chance to Talk about this so piece reads as Follows Craig Wright is not Satoshi Nakamoto spoiler alert the pseudonymous Creator of the Bitcoin Network according To judge James Miller's ruling in the United Kingdom on March 14th reported Bitmex research closing arguments began In London on March 12th in the lawsuit Brought by the C crypto open patent Alliance or Copa for short a lawsuit
Against Wright and austral computer Scientist who claimed to be Nakamoto Since 2016 Copa was seeking injunctive relief To prevent Wright from further claiming To be Nakamoto Wright has been accused Of massive document forgery for Supporting his claim of being the sodony Bitcoin founder according to cop's Closing submission quote and I love this Because it's so ridiculous Dr Wright has Has has been shown to have lied on an Extraordinary scale he has inv Ed an Entire biographical history producing One trunch after another of forged Documents to support it end quote the Trial began on February 5th a right had Offered to settle the case out of court On January 24th but Copa declined yeah Well I think that Copa was pretty well Aware that they had a slam dunk here That has to be how they felt or else You'd settle and so anyway peace Continues Copa was founded in 2020 to Encourage the adoption and advancement Of cryptocurrency Technologies and to Remove patents as a barrier to growth And Innovation its 33 members include Coinbase block meta micro strategy C Kaken Paradigm Unis Swap and worldcoin In 2023 the right sued 13 Bitcoin core Developers I don't know why they wrote The right probably because it's crypto
Media and they're a bunch of C students So anyway right sued 13 Bitcoin core Developers and a group of companies Including blockstream coinbase and block For copyright violations relating to the Bitcoin White paper it's file format and Database rights to the Bitcoin Blockchain now the audacity of this is Hilarious to me this is completely Absurd a real human is like man our Species dude like I know most people are Like this like species on the whole Pretty good I'm a big fan but then you Get the to the fringes and there are Just like complete pieces of human Debris like this and they're doing Ridiculous absurd stuff and they Actually think they're going to get away With this Craig Wright what a joke and I Am proud to state that I have been Blocked on social media platform X by Fake Toshi aka Craig rght Craig right It's an absolute honor to be blocked by This freaking imbecile so anyway in Response to the lawsuit the Bitcoin Legal defense funds said quote for years Prominent contributors to the Bitcoin Community have been the subject of Abusive lawsuits these lawsuits are Frivolous but effective many developers Have decided it's not worth the time Stress money and legal risk to to Continue working on bitcoin end quote Right filed United States copyright
Registration for the Bitcoin white paper And the code within it in 2019 the Bitcoin white paper is now Subject to an MIT open- Source license Allowing anyone to reuse and modify the Code for any purpose a court injunction Would prevent Wright from further Copyright claims on it and so look I I Don't think for a moment that the real Satoshi Nakamoto he her or a group of People maybe it's a group of people that That's plausible too uh whoever Satoshi Nakamoto is pretty sure that uh they Don't give a damn what the hell is like It was intentionally made open source The real Satoshi Nakamoto would not then Come along years later and be like yeah But you need my permission to do stuff With that no absolutely not this is Completely absurd who is falling for This the answer is no one than almost no One anybody there actually are some People that that believe Craig right Even to this day I know that sounds Implausible impus yeah but it's True is what it is folks so you guys Tell me what's more absurd this and and And I'm again I'm not asking which is Worse obviously the secv ri Cas is Unquestionably worse than This but which is just purely more Absurd what happened regarding xrp with The SEC or the Craig right nonsense tell Me in the comments section below I do
Want to hear from you this is a fun I'm Not a financial advisor you should not Buy or sell anything because of anything I say or right that would be a very very Very bad idea until next time to the Moon Lambo
