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Hello this is Matt on the moon Lambo Channel I have two stories to share with You in this very latest Moon Lambo Hot Jam I'll start with this from you today SEC scores big win against Ripple uhoh That doesn't sound good and then there's Also this headline from the crypto basic X SEC chair eludes to Capital raising in Ripple xrp sales pundit point to Ethereum Ico and so uh they're talking About if you can see on the screen uh Former SEC chair Jay Clayton um that Asked hat prick uh he was put on the Spot and of course you know are you Expecting some sort of straightforward Answer or admission that you know him Attacking xrp effectively and xrp Holders on his last day in office if You're expecting that he's going to like Yeah I was wrong about that that was a Bad move I was a jerk nothing like that But he was at least asked about this Because things didn't go go so well for The SEC and Jay Clayton made that thing Happen that lawsuit wouldn't have Happened if not for his approval cuz it Was a 3 to2 vote he was for it but uh 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 all right I'm just an Enthusiast who enjoy his making YouTube
Videos about crypto related topics but Just as a hobby and just for fun and by The way I do a perspective from a couple Attorneys within the xrp community Including attorney Bill Morgan and Attorney Jeremy Hogan so here's the Headline again SEC scores big win Against Ripple the United States District district court for the southern District of New York has delivered a Significant ruling in favor of the Securities and Exchange Commission in Its ongoing case against Ripple laps Magistrate Judge Sarah Neer granted the Sec's motion to compel requiring Ripple To produce comprehensive financial Statements for 2022 through 2023 post Complaint contracts and to answer an Interrogatory regarding the proceeds From institutional xrp sales after the Complaint was filed okay and so a day or Two ago I published a video highlighting That this is what the SEC was going for And it's pretty gross to me because this Wasn't this wasn't in the original Complaint these are not U these are not Transactions that the SEC named and they They they're not amending their Complaint uh there's there nothing's Happening on that front but it looks to Me to be frank with you that the SEC is Just trying to be as irritating as Possible that's pretty which is what You'd expect because these are terrible
Terrible humans um is completely absurd Obviously um but they lost and sour About it obviously they're petulant Children uh but they were on the wrong Side of history and and that's just that We we were very optimistic that Justice Would be done it has been done and now They're just thrown a Hy fit anyway Peace continues Ripple's defense Contended that the sec's request for Post complaint Discovery was untimely And previously barred by the Court's Ruling in June 2021 however judge nurn clarified that The earlier denial was Contextual uh tied to expert merits Discovery and not not controlling in the Current matter the judge has ordered Ripple to provide its 2022 through 2023 Financial statements which the SEC Argues are essential for determining an Appropriate remedy despite Ripple's Claim that its Financial Health is Irrelevant and highly confidential the Court has deemed this information Potentially probative to the remedy Stage the dispute extended to whether Ripple's post complaint contract should Be disclosed since the SEC believes These documents could be crucial and Deciding the necessity and justification Of an injunction judge nurn has ordered The production of these contracts citing With the SEC stance that they may reveal
Whether Ripple's post complaint Behavior Has complied with court rulings Potentially influencing the imposition Of an injunction the sec's victory also Includes Ripple being ordered to answer An additional interrogatory on the Proceeds from xrp institutional sales After the initial complaint which could Influence the determination of any Discouragement although Ripple disagreed With the relevance of this request the Court found the SEC had sufficiently Shown that this information could assist In crafting and appropriate remedy so Folks despite the SEC effectively Throwing a hissy fit here uh I don't see How this is going to materially help Them in any sort of substantial or truly Meaningful way uh because the bottom Line is despite what they're doing here Xrps in the clear they lost they lost on The the thing that actually mattered in This case Um and I just I they're clearly not Operating in good faith here right who Would think I understand that the judge Allowed this and procedurally maybe There's precedent for that whatever but Even so does anybody listening think the Sec's operating in good faith or think That they're really trying to get to the Truth and the and just just do whatever Is just and right no nobody thinks that Right zero humans think that even the
SEC doesn't think that they know what They're doing little pricks here you Have a post from attorney Bill Morgan I Predicted that judge Torres would order Discovery of the post sale contracts and Today she ordered they be discovered the SEC only needed to persuade the court That it would not lead to a costly mini Trial and it seems it succeeded on that Point and so we'll still fine maybe it Doesn't become something you know more Or less functionally equivalent to a Mini trial but I'll tell you this on the Surface it looks like they're just Trying to argue new stuff as if they Should just open a separate case if they Even could which is absurd though I mean It's completely stupid then you have This post from attorney Jeremy Hogan he Said I didn't really comment on this Motion because well it was a little Boring and I didn't feel it was Important to joej xrp call me MC Beth But I still don't so he thinks that this Isn't meaningful and it is true like um I'm covering this just because it's it's Part of what is relevant to xrp Holders But we we got our news this is not going To impact us on a personal level but I Still want to cover it because I despise The SEC and it's disgusting what they're Doing and I think people should know About it because they continue to behave Like this they're just a disgusting
Agency then we have this from the Crypt Basic xse chair alludes to Capital Raising in Ripple xrp sales pundit point To ethereum Ico industry commentators Have spotlighted the ethereum Ico Following remarks from former SEC chair Jay Clayton on Ripple's xrp sales being Attributed to Securities transactions Involving Capital raising Clayton made These comments while speaking in an Interview with nine blocks Capital Co-founder Henry arcanian on January 26 The conversation revolved around the Current crypto regulatory landscape in The landscape in the United States and Potential avenues for Improvement Clayton argued that the Crypto regulatory scene in the US does Not lack Clarity he contends that crypto Focused firms have advocated for Exemptions from established Securities Laws that traditionally govern the Financial sector suggest sugesting these Should naturally extend to the crypto Scene arsenian queried Clayton about his Perspective on the significant July 13th Ruling in the Ripple V secc case and so Here we go this ruling offering a Partial win to both parties has garnered Applause from the xrp community as it Underscored that xrp by definition is Not a security and so folks you fine you Can accurately state that it was a Partial win you can that's I mean that's
From a technical perspective true but Let's be real here the only thing that Truly truly truly mattered the only Thing hypercritical in this case was the Legal status of xrp the SEC suffered a Stunning defeat on that and so that's Why I don't like to even just word it as Like a partial Victory this was complete Decimation of the SEC they lost Massively one of the best days of my Life I am not kidding it's just Fantastic to see the July 13th Absolutely xrp Victory Day anyway peace continues in his Response to arcanian Clayton emphasized That the US SEC acknowledges two Categories of Securities transactions Those focused on Capital raising often Found in icos and those involving Secondary trading the xsec chair Highlighted the July 13th judgment Noting that the court identified Ripple's initial xrp sales to Institutions as unregistered security Transactions whereas the secondary Trading transactions were not Categorized as Securities offerings While acknowledging potential appeals For both rulings Clayton emphasized a Key point the SEC maintains stringent Regulation on transactions seeking to Raise capital from the public through Initial coin offerings and so folks There you have it he was asked asked
Point Blank about this he was put on the Spot and he's like I you know we we we You know partial win we got got some What we wanted here he he can't he won't When he could but he won't admit that he Was on the wrong side of history that he Won't admit that it was a stunning Defeat he lost son that little Lost he won't ever acknowledge it though He should feel incredible shame and I Doubt he feels an ounce of it what a Disgusting human cuz what he was doing Clearly was not done in good faith and He harmed so many people so many People I am substantially worse off Financially because of that guy and I'm Willing to bet that's true for pretty Much all of you listening because xrp Effectively missed a market Cycle yes it moved in correlation with Bitcoin like you'd expect but it was Shackled it didn't run to a new all-time High it's the only top 10 coin that Didn't run to a new alltime High when The market got hot the only one is that A coinky dink what do you Think so I'm disgusted by this still but My I just I I did like seeing him on the Spot for it but my God like I didn't Think for a second he'd ever say Anything other than what he just did I'm Just highlighting it because this is a Disgusting human and he should be Derided for it that's all I'm saying I'm
Not a financial adviser you should not Bu your 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
