“YEARS LONG BATTLE WITH SEC IS ABOUT TO ENSUE”

Hello this is Matt on the moon family Sedan Channel I've got two stories to Share with you in this latest room Temperature Jam uh here's one for the Daily huddle coinbase CEO Brian Armstrong says years-long battle with SEC is about to ensue now if they're Really truly going to fight back as hard As Ripple has and you know they're Speaking as though they have an actual Backbone so they may do it if they Actually do they really are at the start Of an incredibly long legal Journey Which will not be a lot of fun but it Does make me grateful to know that as Horrible as it is that xrp has been Under attack for years now thanks as SEC Litigation brought first against Ripple But as a result uh negatively impacting Xrp holders the world over the good news Is we are at the tail end of this thing Unless we're actually going to have the Unlikely scenario where this drags up to The Supreme Court but uh that doesn't Seem probable attorney Hogan has Articulated why I've talked about it on The channel it's possible I don't think It's probable I think what's most Probable is that we're going to have Some really good news in relatively Short order that's my suspicion anyway So even if Ripple technically loses uh In in terms of clarity for secondary Market transactions for xrp I'm very

Optimistic so it's going to know where At the end of it but uh interesting Seeing Brian Armstrong coinbase CEO Recognizing the reality in front of him And he's going to have some not so fun Years ahead of him uh then there was Also this from the crypto basic SEC Chair active discussions comment on xrp Sparks debate yeah so you know there's Something I wanted to mention the other Day at the ginsler hearing where he was Just getting grilled By uh by people in Congress Representatives Um he was panicking And I'm not sure how many of you if you Saw the video so you know with your own Eyes that this is the case or if other You heard others talking about this I Meant to the other day Gary ginsler was Getting girls so hard he was physically Shaking And it was a pleasure to see it was Absolutely to see him actually Uncomfortable that was that's like Highlight of the day right there but you Know as a result of this well he was Under pressure and this is what I'm Going to break down Um it may be the case that he lets slip That and it's speculation but based on What he said I'll share with you in a Second It could be the case that there's still

Active settlement talks going so I'm not Sure I'm not sure if I believe that or Not but there is some discussion going On with the community including from xrp Community member and attorney uh Bill Morgan but before going further I do Want to be clear I do not have a legal R Financial background of any kind I am Not offering legal or financial advice And you definitely should not buy or Sell anything because of anything I say Are right I'm just an Enthusiast who Enjoys making YouTube videos about Crypto related topics but just as a Hobby and just for fun all right so into This first piece now coinbase CEO Brian Armstrong says the us-based crypto Exchange is prepared to face the U.S Securities and Exchange Commission in Court the statement comes after coinbase Received a Wells notice from the Regulator last month that said the Agency was considering filing an Enforcement action against the exchange For allegedly violating Securities laws In the United States and by the way Uh I I stand by what I said when that News broke I think that you know that Wells notice it's a procedural thing you Got to be fine but as far as the actual Voting on whether or not to sue coinbase As far as I'm concerned it's formality Gary ginsler's in charge here he's got The votes coinbase is going to be sued

It's just a matter of time uh any day We're gonna wake up the news will break And then I'll be happy to go through I'll read the the whole document I can Only imagine what that's going to look Like I'm sure it'll be a doozy here There'll probably be some Bombshells and I wonder if they're going to cite Specific coins like they did with the Bittrex exchange they were like who Knows they could cite additional Specific coins on on on coinbase that They claim our Securities there's Probably stuff along that those lines Too so that's you know we we all get to Find out what additional coins we hold That Gary ginsler's uh attacking and and Then doing so uh you know trying to Devastate our net worth collectively uh We can't wait to find out how Gary Gunzer is trying to ruin uh my financial Well-being Anyway peace continues in a new CNBC Interview Armstrong says coinbase was Not informed of any issue prior to the Issuance of the notice quote over the Last year We had 30 meetings and never got a Single piece of feedback from them about What we could be doing better or Differently and then this Wells notice Arrived so it's really unfortunate end Quote now look it's disgusting that Happened to him and I'm willing to take

Him in his word that that's what Happened 30 meetings but you know maybe After like you know the third or fourth I mean they did it ever cross your mind That uh hey we're not getting anything Out of this we're sure telling them a Whole lot of stuff about how we operate Our business Um but they're not given any feedback Might this be a trap might this be a Little bit of a trap Ah Now in hindsight obviously you can see It but I was like God you continued to Meet with him while they're just sitting There with with their lips shut the Whole damn time That's a little I'll take about his word But it's just so ridiculous it's kind of Hard to believe but I'll just I'll take Him out of his word Peace continues Armstrong says that the SEC failed in its responsibility to Establish clear standards for the market So the Court's decision is being Resorted to in order to get the needed Clarity and he said quote I think we're gonna have to actually end Up going to court to get the clarity we Need and create the K that case law it's An abdication of responsibility I mean The regulator's job is to publish a fear Rule book and allow that market to be Safe also to flourish in that country

And I think they've completely abdicated Responsibility end quote Armstrong says They uh they are prepared for a lengthy Battle with sec in case the suit will Drag on four years oh guess about it Will oh it will here's another quote we Never seek litigation but it seems in This case that they have initiated it And if we need to get the courts to get That the clarity that we need we're very Prepared to do that end quote the Executive also is also optimistic that If a suit ensues coinbase will likely Win the case And honestly at this point I want to see What um you know with the SEC drops in Terms of the specific legal claims and I'm going to you know to some degree Hold reservation until I get perspective From actual attorneys but knowing that The SEC just makes up a bunch of Nonsense and crap uh I wouldn't be Surprised if they don't have a leg to Stand on and then they're just gonna Have to you know Congress have to go Through years of fighting them but I Wouldn't at all be surprised if it ends Up being the case that uh the SEC has The losing hand and perhaps they even Recognize that but but here's the quote Though last quote from uh from Armstrong I think the laws on our side and the SEC Has to follow the rule of law I think their actions would not be

Sympathetic to a jury and so we're very Prepared for this We're going to court to win just to be Clear I think we have a very strong case And that's exactly what we intend to do End quote Into the next piece SEC chair active Discussions comment on xrp Sparks debate And this is an interesting one sec chair Gary ginsler's testimony before the United States House of Representatives Committee on Financial Services has Continued to be a major topic of Discussion in the xrp community several Xrp enthusiasts have joined the Discussion given that ginsler answered Questions regarding the sixth largest Cryptocurrency by market capitalization All as reported by the crypto basic Earlier Congressman Warren Davidson Asked the SEC boss whether he believed Xrp was a security Given the Securities Regulators claims Throughout the legal battle those Following the ongoing Ripple V SEC Lawsuit would have expected ginser to Call xrp a security outrightly however The SEC boss did not say whether xrp was A security Instead This is why it's Interesting instead ginser asserted that The case is still in court he added that There are quote was it a quote active Discussions and litigation on the matter Ends quote that's right active

Discussions and litigation on the matter So let's go a little bit further and Break this down because there's some Interesting stuff from attorney Bill Morgan here peace continues his remark On xrp's regulatory status has been the Major bone of contention in the xrp Community in xrp Community member named Kev described gensler's response about Xrp as a slip of the tongue which came Because the congressman rattled him and So here's what kxrp Community member Cavs said He sounded pretty rattled by that stage After the barrage of questions he was Trying to deflect and not answer any With a yes or a no reply So this sounded like a slip of the Tongue to respond so they would move on To the next question Peace continues a user partially agreed With kev's opinion but commented on Ginsler's body reaction Throughout the Congressional hearing People could see ginsler panicking Whenever he was asked to respond to Specific questions like the regulatory Status of xrp and folks I am not kidding If you haven't seen any of this video Ginzer is just literally physically Shaking it is a delight to see him that Uncomfortable I absolutely love it Because I despise this creature Peace continues commenting on ginsler's

Bodily reaction Kev described it as a Fight or flight response as the SEC boss Had to sit before the committee to Endure a tough session quote it's normal For the body to produce adrenaline and Cortisol I think anyone would have the Shakes under similar conditions end Quote Oh yes and he sure as hell did Have the shakes Peace continues Bill Morgan a pro xrp Lawyer Also joined the discussion he explained That ginsler's Congressional hearing is Similar to when a witness is Cross-examined in court and Bill Morgan Wrote quote that is exactly what happens In court when you cross-examine a Witness rattle them if they are being Intransigent so the truth or an Admission slips out And peace continues following Morgan's Response Kev said ginsler's remark about Xrp could be the truth that ultimately Slipped out he added that ginsler Finally cracked under pressure and so And so Kev wrote so maybe it was a truth That slipped out in the end he finally Cracked under the pressure and then um And then attorney Bill Morgan responded With the following It is not just that he said discussion Discussions but said active which means Discussions taking place now and while Referring to the litigation who knows

What discussions could be settlement Discussions with ripple could be Internal SEC discussions about whether To settle with ripple see and that's an Interesting concept here because just Because we're at the you know the the Final stretch of this uh this lawsuit At least it pertains to you know this District Court level it doesn't mean Just because it hasn't happened yet There can't be a settlement now I'm no Longer banking on that I I may be a Position clear on that for the longest Time I thought that it was probable for A ton of reasons just like many of you Out there did but the more time passed And then we're ran out Um it was and then taking in the whole Time new information and wisdom from Real attorneys because I certainly am Not Um my my opinion ultimately shifted and Just as probably just about all of yours Has at this point too any of you that Also thought that there's gonna be a Settlement I'm sure just about everybody At this point is probably like yeah Probably not but even so I acknowledge It's not impossible for that to happen I Still don't know that it's necessarily Probable but it does kind of make you Wonder what active discussions are we Talking about it's kind of a weird way To word it when we already know that

There's actual litigation happening That's that's happening right now why do You need to say active discussions So totally fair question so far as I'm Concerned so not that I'm necessarily Convinced as I cited at the outside of The video not that I'm convinced that That necessarily means it but it's Definitely worth noting because it's an Actual possibility still even if a very Low probability of that being the case But you guys can let me know what you Think I'm not a financial advisor 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 family sedan

**RIPPLE/XRP HAS BEEN CHOSEN TO REPLACE THE DOLLAR... ITS HAPPENING RIGHT NOW | CRYPTO VS WARREN**

Get Daily XRP & Crypto News!

We don’t spam! Read our [link]privacy policy[/link] for more info.

**RIPPLE/XRP HAS BEEN CHOSEN TO REPLACE THE DOLLAR... ITS HAPPENING RIGHT NOW | CRYPTO VS WARREN**

Get Daily XRP & Crypto News!

We don’t spam! Read our [link]privacy policy[/link] for more info.

You May Also Like