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I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred.
Ignition sequence start 6 5 4 3 2 1 zero Lift off we have a Liftoff hey everybody this is the Digital asset investor and what I'm About to show you is going to go Directly and firmly in the all the World's stage file SL red file three I Think we've got three of them so far First I wanted to read this Ripple's Federally regulated in the US xrp 2 Complied with the bank secrecy act as a Money Transmitter uh poly sign acts as the Holding company which complies with Stringent holding policy and ripple ABS Acts as the face of the software company Ripple has jumped through the Hoops to Be where they are in 2015 they were sued By finson and settled for 700k for Non-compliance of anti-money laundering July 2023 they had won the case with the SEC making xrp a non-security when the Verdict comes out regarding the what xrp Is you better be ready if you're not Ready you've missed it and here we go Back to kind of the US jurisdiction um CU yeah I agree I mean it's the Consistency across jurisdictions is Really difficult as we were all trying To figure this out together too um but With digital assets at least in the US I Mean d how are they truly regulated and You know are they subject to different AML CFT controls is it different based
On the the type of of currency or CH Chain it's on sure yeah so I I can't Speak for for other Financial Regulators As the financial sector falls under Different um Regulators based on the Types of services provided and what Risks are being managed such as safety And soundness uh I will say Federal Regulation is Regulators are often a a Floor and not a ceiling is there are State Regulators involved but in terms Of the legal framework uh for AML CFT in The US we have fairly good visibility Provided by financial Institutions um you know under the bank Secrecy act uh we're constantly Assessing risks and working uh with our Treasury colleagues to act on those Providing material support to terrorist Activities as we started talking about Ter terrorism uh we don't advertise our Capabilities but we work collaboratively In this space across the US government And through public private Partnerships Uh finsen in particular has been at the Forefront of uh regulation um as it Pertains to supervision of virtual asset Service providers uh we issued our first Guidance on the matter in 2013 uh Ensuring that vasp in the US undergo Compliance examinations the same as Other financial institutions do and We've been performing those exams since 2014 and we T took our first enforcement
Action in 2015 um earlier this month I have to Give a plug to our $3.4 Billion uh settlement with binance which Was the largest in US Treasury and Fincent history um and and we happy to Get into it in more detail is this Conversation continues and we think I Think that it will but um in regards to Regulation we uh we we regulate the Services provided and not the services Provided and not particular entity so That's important to to to you know Understand is that we take a technology Neutral approach and that it's about What services are being provided and Does that fall under um what we're Regulating in terms of money Transmission services what one of I just To put a really quick point on that Because it's it is so important you know We we talk all the time about the need For regulatory Clarity and rules of the Road in this space this is the one place And this is kind of why I love that I Get to focus just most mostly on elid Finance is it is clear this is not the Wild west right if you are a Cryptocurrency business and like we'll Put defi aside for a moment CU I think We get a lot more complicated there if You are a large exchange if you're a Broker if you're a custodian you are Treated at any money service business
For purposes of the bank secrecy act Having those AML controls which means You have to have robust compliance Programs you have to have policies and Procedures use tools like trm for Transaction monitoring right you you Have to have essentially a bank level uh AML program it is very very clear I I I I host a podcast and I Uh a couple years ago I I said on there I use the ter you know after listening To all that isn't xrp the most regulated Digital asset on the planet or in the United States Anyway I think it is um you know they Were going on about Elizabeth Warren how She's introduced all these bills and None of them have become law and so I Translated it and called her the Congressional loser um and then VC Ramsey uh retweeted the tweet about her Um uh and her net worth of $67 million On a $285,000 salary and he says the math Adds up to corruption GOP and dims are Both bad on this front call it Bipartisanship I agree by the way when I Show I'm not weighing in on any of these Presidential candidates I've seen people Say that this guy is like a wolf in Sheep's clothing and he might be as far As I'm concerned I don't know I don't I Don't trust any of these politicians so That's not where I stand John Deon says
Her bill is a big deal non US senators Have joined her including Republicans And independents as I've said if you're Talking about people Elizabeth Warren is The single biggest threat to crypto in The United States it's not Gensler Because Gensler takes his marching Orders from Waren so you basically have a Communist ex har Harvard Professor Communist who's dictating the future of Finance in the United States that's what You're dealing with okay now um here's VC Ramsey and look what he listen to who He said she's having these secret closed Door meetings with to plot what she's Doing um Senator I'm going P some crypto Okay so Senator Warren from St Massachusetts is known to be building an Anti- crypto Army what is your stance on That what does that mean this is her Trying to combat with legislative Stances to like yeah stop Cryptocurrencies and as a whole so I Would say that I would say that one Thing that I will say to find a silver Lining there is let the debate actually Take place in the open in Congress Congress including the Senate let the American people actually understand What's that issue here rather than have It take place in the shadow back rooms Of threel government agencies I disagree With her views but
I at least let them be debated in the Open in the halls of Congress rather Than by bureaucrats and I think that That will be a debate that she'll Probably be on the losing side of and I Think that the the best people need to Show up to make the arguments for for Both sides my view is that we need Boundless innovation in this country That the existing regulatory regime has Clearly Been woefully Unsuccessful at preventing fraud or Theft I mean the fact that on one hand We have potentially impeding a Potentially imped a regime that many People feel impeding Innovation yet Something like FTX and S spf's fraud act Can still happens say that the current Status quo we're not operating the right Way and so there's multiple different Ways you can go in that direction but I Think at least let it happen in the Halls of Congress rather than in back RS And then here's another clip I think that the again the regulatory Ambiguity around this is the worst of All is right now you don't know whether You're operating in a Securities Law Enforced regime or not and I think that That ambiguity is the first thing that Has to end it will end on my watch I Personally have strongly libertarian Instincts on this which is to actually
Leave it to the market to sort out so The participants in a dow or otherwise Are going in eyes wide open with the Risk you can't lie to somebody and and Sell them something or give them Something that they're not actually Getting but if you actually understand The participants are have full Disclosure of what they're getting into They should be able to make their own Decisions that's my own orientation but At the very least let's take the first And easiest step we have get regulatory Clarity that we lack today and you have My Pledge on my watch we're going to Provide that all right now um I'm not Going to go like in depth through this Thread but I think that a lot of you Should you know Cowboy crypto he is the Official Cowboy of the digital asset Investor Channel and he does uh show Some awesome pictures on Twitter by on On X by the way he in in my next life I'm going to be Cowboy crypto it looks Like he works on some kind of farm or Something in Texas or like um owns a Farm or whatever but every morning he's Got pictures of deer and he's on the Tractor and he's doing he looks like He's living the life So the digital asset investor in my next Life will be broadcasting from a place Like where the cow Cowboy crypto is now This is a thread that he has put out
Here and basically what's interesting About it is truth Labs who has been who Has really is one of these guys who can Go back in the blockchain and do these Investigations um has been doing a lot On ethereum and eth gate and all that But in this one he he goes through Jed MCB and mount goau and there he's Talking about that and a lot and cowboy Crypto is helping to tie a lot of these Things Together this is interesting you're Going to want to look at that one now I Wanted to show you this yesterday this Is Red Flag City Red Flag no pun Intended um but I'll write that down Because that's a a thumbnail Red Flag City you know that country that starts With a sea has a red flag just as a by The way When I saw this the other day I Immediately knew we've been how how many Before the well I'm trying to decide What I can and can't say that has to be In the member group because there's Certain things you can't say in the United States of America anymore but uh You remember back when they had that Thing and um we were teased about that Thing they had where you know where the People were wearing the masks and all There were there were people were were Uh that was teased for years teased is The wrong
Word it w it was like they were Intentionally trying to scare people for Years about that almost like predictive Programming or was that the right word Yeah predictive programming which Basically means that somebody somewhere Is trying to go ahead and and acclimate The people to the idea that something is Coming that's probably pre-planned Well I don't trust these people as far As I can throw them so this was played This was um in the last um few days now My the red flags immediately went up for Me I'm like okay so China's behind it Post reveals hackers affiliated with China's people's Liberation Army have Infiltrated critical Services here in The US Alexander Hoff joins us now from Our nation's capital Alex this is not Good no it's not I don't believe so Anyway I saw the beginning I don't Believe anything that they tell us now Especially in these these these main Media Outlets but here's what we're Going to talk about and then I saw Something yesterday which I'm going to Talk about now in the member group it's At Dp.com when I saw this thing yesterday I Was walking on the treadmill and I was Watching this thing I'm like man if they Are not telling us that th this is going To be done against us probably by our Own government if they're not if that's
Not what they're telling us here I I would bet dimes to Donuts as Mike Noat says that that's exactly what's Going on that they look folks I've Believed for a long Time our country is in a financial Situation with this debt what these Politicians have done to us over 100 Years and with the Federal Reserve and All this they put us in a situation that Cannot be gotten out of they have to get Us out of it in a way that they're not Blamed because if they're Blamed they could have the popul Pulling a French Revolution on their Butts which is which is probably more in Line with what they deserve so what do You have to do make it look Like it's make it look like it's Something that nobody could have Controlled how about That so anyway in dip.com we're going to I'm going to go a lot more into that and And talk about and I've also got a wild Wild conspiracy Too which I'm not saying I believe but I'm going to show you anyway there's a Wild conspiracy going around today I'm The digital asset investor I'm not an Investment advisor this is for Entertainment purposes only Please Subscribe hit the like button tell your Friends and family Dp.com I swear I'll tell you what I
Really think and the things that I don't Think I'm allowed to say out here on uh YouTube and other places in the United States of America so here we Go Oh
