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Hello this is Matt on the moon Lambo Channel it's now been about 14 hours Since news broke that the SEC dismissed The case uh against Ripple Executives Brad garlinghouse and Chris lson and Since some time has passed there's been Some more time for the dust to settle Some time for additional people who Maybe didn't see the news right when it Broke uh to chime in and share their Perspective here and I'll tell you I I Actually found out that this happened Literally 6 minutes after the news was Broken by attorney James K fent I just I Was already out and about I was away From home and I opened my phone before Driving and I just was checking to see What's going on and uh then I saw the News immediately in my news feed and I Was like whoa okay I am going home Because actually what I was about to do I was going to drive to uh a grocery Store and then maybe pick up some carry Out come back home and I was like no no No I'm going home right now and luckily I was only a few minutes away from home At that particular moment uh so I I was Able to get the news out pretty quickly After about uh 40 minutes I started Recording a video and so that includes Me driving home getting the initial Reactions that were publicly available To that point in time and putting Everything out uh but gigantic news it's
A major capitulation by the SEC but so The question is now what does this Signal does this signal that there's Actually going to be an appeal incoming Against Ripple because again this case Dismissal it was against Brad Garlinghouse and Chris Larson the SEC Absolutely can still appeal uh any you Know portions of the the Ripple decision That they lost Um but on the flip side does this Actually indicate that settlement's more Likely well it depends on who you ask And so that's why I'm going to share With you perspective from uh several Attorneys within the space and there's There's no firm agreement but I'm going To share with you the arguments for why The attorneys in our space think what They think and you guys can tell me what You think I I just I'm kind of torn like Honestly I don't know after reading Multiple perspectives from people who Are attorneys because I'm not an Attorney mind I'm just I'm a guy on YouTube who just plays an attorney right I don't know But um clearly there's been a lot of Thoughtful uh responses and a lot of Time put into the thought behind some of The perspectives here uh 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 I want to Share this with you too because this has Always just been Rich to me Bitcoin Maximalist Anthony Pompano the day that The that the lawsuit from the SEC came Down upon Ripple a pomp had already Decided that Ripple was in the wrong and They were disgusting Executives over at Ripple and they needed to be punished And so here's a post from pomp on what Was then known as Twitter now known as X December 22nd 2020 pomp wrote and by the Way he's now got he had fewer followers Back then but he's now got 1.6 million Followers and he's still a big following Back then but he wrote good morning to Everyone except the people who thought They could sell unregistered Securities And get away with it Well thank you for being the great Uniter Anthony Pompano and that very morning Attorney John Deon responded to pomon now mind You this is like the news had just Broken this is before John Deon even Knew he it's before he knew that he was Going to jump in even attempt to jump Into the secv r case it's before he knew That he would ultimately file a rid of
Man damus against the SEC which he did About a week later so this is before um Anyone in the world of crypto it's Before he was well known in the world of Cryptos so he he was not a known figure And and he he was right and he was on Fire from the very beginning and he Ended up to the point where he's now got It's just so impressive and it's welld Deserved over 301,000 followers on X now But before anybody knew the name John Deon and we all know it now he's famous But before we knew his name here's what He said to Anthony Pompano he was still Shooting it straight back then he wrote Pomp if you think that this move uh this Move isn't politically motivated then You were not as smart as I believed for Eight years they allowed the sell of Xrp 200 exchanges and days before Leaving Clayton pulls this move before a New Administration can decide please and I'll notice by and so we spot on Obviously as usual and I'll notice that Anthony Pompano he hasn't um you know apologized For this or added any clarification or Said yeah I was wrong he just put that Out dropped the bomb to all those all His followers and just left away I just Walked away attorney Bill Morgan Reposted that from Anthony Pompano from December 2020 and attorney Morgan wrote The post that progressively looks more
Vindictive mean-spirited ignorant and Wrong with every passing development in The sccv Ripple case and so this is what Happens when you are a Bitcoin Maximalist you will do whatever you have To to support your narrative truth be Damned truth be damned I'm going to Support my narrative because I got heavy Bitcoin bags and I'm ideologically German that's pretty much it that's how These people act never be a maximalist Of any coin it leads to toxicity don't Do It here we have Chris Larsson uh Co-founder of Ripple sharing the Following again he was getting sued this Drop this must be big relief for him and He said the last three years we've seen A rogue administrative state that needs To be held accountable for its actions Not just an investigation into the Conflicts of interests that led to these Basis claims but how the US actively Demolished its Global standing at has The home for Innovation with thousands Of jobs moving overseas enough is enough Yeah and that's spot on and it just it Is what it is unfortunately you know I It's just I did not like how crypto was Treated under the previous Administration then he had the Biden Administration come in and they were Like hold my beard and then this made it Infinitely worse somehow they made it
Even worse Disgusting uh here you have Ripple CEO Brad Garing house and he wrote and by The way so a lot of this this is post Fairly after but I put my video like I Started recording very shortly after This news broke so some of the stuff I'm I was uh catching up on after afterwards But lot of perspective but here is what Brad garlinghouse had to say right after This All today was an even better day Ripple 3 SEC Z and so he's referencing Something from Stuart Alder because the SEC obviously they lost on July 13th xrp Victory Day uh you know they lost it in Regards to the interlocutory appeal and Now they've surrendered against Brad and Chris so there there's the three and so Then Brad says 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 so many have worked hard to Build for over a Decade the SEC repeatedly kept its eye Off the ball while secretly meeting with The likes of s SPF failing again and Again to protect us consumers and Businesses how many millions of taxpayer Dollars were wasted Feels good to finally be Vindicated uh then he goes on to thank
Some of the attorneys that helped him to Get there I don't need to read that but Just just for the sake of time I'll Skip Along here um and then attorney Hogan Responded to Brad garlinghouse Referencing one of their attorneys Matt Solomon Matt solom you know Jeremy hog Hogan's been a big fan of attorney Matt Solomon and so attorney Hogan responded To Brad and wrote Matt Solomon is such a Good lawyer he gives an exam to the bar Which I thought was pretty damn good I Haven't heard that one before good Lawyer joke good lawyer joke here's Additional perspective from attorney Jeremy Hogan 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 okay Yes this does make a full settlement Much more likely as the only legal Question left is how big a check Ripple Writes the SEC there I said it are you Happy now smiley face and I'm happy that He said said that cuz I wanted his Perspective so there you go so attorney Hogan he actually thinks um and this is Fair and again I don't have an opinion On this but he actually thinks and I Love this that uh that it makes the odds Of settlement that much higher and he's Not the only one that thinks this there There there are plenty of attorneys that Think this but uh not all do as you'll
See as we go through the video here so I Hope that's right because I'd rather Have this just end but that being said Just to be clear even if there is an Appeal even if it goes forward Understand that the appeal will change The legal status of xrp and it won't Change whether or not you and I can Purchase xrp blindly on exchanges that Has nothing to do with that it would Only have to do with transactions Specifically touching Ripple Specifically pertaining to Ripple so Even if there's an appeal even if Ripple Loses it doesn't change anything for us So we're good and I think that's Something that not everybody in the Community know I'm I'm trying to spread That word um we we're good barring Something is unforeseen and totally Extreme No like xrp is in the clear Forever barring something absolutely From Left Field that nobody saw coming I Can't even imagine what that would Be um then there was this from Attorney Fred Rully xrp Community lot of implications Here and quite a few ways this Litigation can still go all bad for the SEC and only a few somewhat bad for Ripple really needs a verbal breakdown But here's a summary of my thoughts First is the dismissal SEC acknowledging Just that its case against Brad
Garlinghouse and Chris Larsson was horse Sord or did it include the realization That the court no longer found the SEC Credible in general the former suggests Lengthy bitter briefing in the remedy Stage and an appeal the latter suggests A final settlement is at hand Considering that while I understand Exactly how Brad garlinghouse and Chris Larson felt while being sued and would Want to end it a sa it was crystal clear They would win the lawsuit and expose The SEC so why agree to voluntarily Dismiss even with prejudice without more Makes me lean towards a prediction that A final settlement with ripple is the More likely option while the letter States the parties are conferring on a Remedy briefing schedule my guess is Settlement amounts are flying back and Forth between the lawyers as I type I Hope that's true again I'd rather Because I'd rather just have this done Even if it's not going to change and it Won't even if it's not going to change The legal status of xrp uh like Everybody else I just want this all Behind us so we can just move forward Here uh so there's there's another Attorney that thinks that what's most Probable here although not guaranteed is Settlement uh here's perspective from Attorney Bill Morgan and he's Referencing what Brad Garling house
Posts where he said Ripple 3 SEC 0 and Then attorney Morgan says 30 is not an Exaggeration in December 2020 the SEC Filed a case against Ripple Brad and Chris seeking disgorgement of over two Billion dollar the SEC claimed every Sale of xrp Ripple made for 8 years Anywhere in the world was a security it Seemed to argue at times that the token Itself was or represented a security it Sought an injunction to stop any future Sale of xrp by Ripple if it had Succeeded it would have ruined Ripple And deeply adversely affected the Livelihood and lives of Brad and Chris It would have done this even though There was no allegation of fraud against Ripple Brad or Chris and no evidence of Investor harm it took every point it Could in interlocutory battles conducted Every review it could of decisions it Did not like including seeking an Interlocutory appeal it lost most of the Key interlocutory battles that it cared About and which mattered it did Everything available to delay the matter And run up the defendants Le legal costs It was admonished by the court for its Conduct it lost badly and it deserved to Lose badly despite the success on Institutional Sales I sincerely wish the SEC all the Worst in the penalties phase of the Litigation and the court and that the
Court gives the smallest penalties Possible yeah and I certainly hope That's the case as well now judge Torres I Mean she they understand I mean you know What actually you know what Judge Sarah Neer wrote in the Magistrate Judge in The secv Ripple case About how the SEC was not operating in Faithful allegiance to the law and that They were Hypocrites well uh do you Think that that opinion I mean she had That opinion but do you think that that Was never discussed was that just in a Vacuum where it's just uh purely from Judge Neer or do you think that maybe uh Maybe maybe judge Neer one day had lunch With judge Torres because they were Obviously keeping in close contact with What's happening in the case might they Have shared some personal perspective on This might it be the case that judge Torus thinks the same damn thing might It be the case that she's probably as a Result less inclined uh to even in the Penalties phase to give the SEC the Majority of what it wants because it's Completely ridiculous and absurd and Judge Torres can see this H you know Reasonable questions I think here was a Post from attorney Jesse Hines uh the First post is from October 8th actually So before we got this News um I actually believe there is a
Legitimate chance that they drop the Case against the individual defendants To move forward with appeal I do wonder If there is a way that they can move to Bif forat the cases and so folks the Reason that he was saying that he Thought that they dropped the charges Against Brad and Chris is because if That's the case you don't have to wait As long to appeal the Ripple decision But you can't appeal the anything having To do with the Ripple portion of the Case if if the Brad and Chris part Hasn't concluded so that's just another Negative because the SEC overcharged and They did it as clearly I firmly believe As a bullying tactic because it's there Is no precedent for for charging the Executives when there's no fraud in the Case there's not even an allegation of Fraud but they charge them anyway no so But it ended up thankfully hurting the SEC and so then um when this news broke About 14 hours ago Jesse hin says I Finally got a prediction right and then Somebody named T9 crypto wrote since you Mentioned appeal what appeal exactly Attorney Hines wrote appeal of the Decision in the case against Ripple That's what the SEC wants to go after The execs were just collateral damage The SEC won't slow down at appeal of the Ripple decision for the collateral Damage and so here you can see attorney
Hines actually thinks that what's most Likely is not settlement but appeal and That's what he has articulated to this Point now um on October 8th attorney Hogan actually responded to attorney Hines where he said hey I think that's You know uh you know they're going to Drop the charges against Brad and Chris And then seek appeal even back on October 8th attorney Hogan wrote and This is a quote I feel like that ship Has sailed so attorney Hogan back then He he still didn't think that that was The most plausible thing um you know in Terms of that being some sort of Indication that appeal would happen even If it did occur which it now has of Course um then there was also this Somebody wrote to attorney Morgan and Said Bill Morgan what's your thoughts on The sec's motive for this is it to allow Them to appeal the other parts of the Case which they lost and attorney Morgan Said simply they reach and appeal much More quickly this way end quote and so There you go it looks to me based on That that attorney Morgan also thinks That part of the reason or maybe the the Only reason or driving reason that this Happened that they dismissed the case Against Brad and Chris is so that they Could appeal Ripple much more quickly so You have attorney risoli and um and Attorney Hogan thinking this is a sign
That're probably going to be settlement But then you have attorney Hines and Attorney Morgan uh it looks like they Both think that what's more probable as A result of this is that um you're going To be seeing an appeal um I haven't seen I could have missed but I haven't seen a Perspective from attorney Deon on that Particular topic yes so if anybody has Seen that he shared that let me know CU I'll be happy to talk about it in a Future video I could have just missed it There's a lot of like X is Big you know What I'm saying but drop a comment below And let me know if I miss that or or Just let me know on X if you care to uh Certainly appreciate that but I just I Hadn't seen anything yet uh but there's Going to be more to impact more Perspective so we'll be talking about This and the ramifications of this we're Going to see what happens in the Remedies phase of this uh these legal Proceedings we'll see if there's an Appeal all answers will be known shortly But but there is no trial in April of Next year for Brad and Chris it's over And that's got to be a huge relief for Them and I'm so thankful that they uh You know didn't go cower in a corner They they U they they dealt with it and It had been incredibly stressful but uh They they could have thrown the entire Company they could have thrown Ripple
Onto the bus everything just that they Personally wouldn't have been harmed and Would have been disastrous for the Entire crypto space but they didn't do That and this is a pivotal moment in History and it is not too much this is One of those moments in the history of Crypto that's absolutely crucial and We're over the hump on it we got the Good news but if we had had less Favorable behavior from Brad and Chris We could be looking at a whole different World and and if attorney Deon didn't Jump in that's another thing that could Have totally shifted this so attorney Deon went from in December 2020 not Being known at all in the world of Crypted over 300,000 followers uh you Know just put out a book on National Television uh proud to call him a friend What an incredible guy um everybody Everybody's Fant I just I appreciate all The perspective and then we have an the Best community in all of RTO working Together rep you know John Deon Represented over 75,000 xrp holders it's Just it's a crazy thing to have lived I Will never forget this now that goes Without saying probably but I just I Want to State it anyway I will never Forget this I'll look back on this in a Decade or two and just be like wow that Really happened and hopefully with the Benefit of hindsight you know and you
Know we'll see don't want to jinx Anything but presumably the further Adoption of xrp more money flowing into Crypto and prices Way High All That Jazz Uh it hopefully will look back and we'll Just be like wow that was crazy but it Was completely worth it what a pivotal Moment in time right just and we just Live through it I'm not a financial Adviser you should not buy yourself Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lambo
