COINBASE vs. SEC Crypto Case Could IGNITE Mega Altcoin Run! (Here Is How)

In this video, I discuss the monumental significance of the upcoming oral arguments between Coinbase and the SEC, presided over by Judge Fila. I emphasize that this case is perhaps the most significant event in the crypto world this year, given its potential impact on the industry. The focus is on the SEC’s lack of legal standing in this matter, and I delve into specifics related to the upcoming arguments. Additionally, I analyze XRP’s market reaction to being declared non-security and speculate on possible outcomes for altcoin charts, particularly ADA, if Coinbase prevails. This situation is especially critical as we approach the Bitcoin halving. I reference legal insights from Jeremy Hogan, a notable figure in crypto law, and review past cases, including one involving Uniswap, to underscore Judge Fila’s understanding of crypto as commodities and the need for Congressional involvement in defining them. The video integrates technical chart analysis to hypothesize how ADA and other altcoins might react in various scenarios post-ruling.

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Intro 00:00
SEC has some issues 1:00
Uniswap case and ETH as security 1:40
XRP example for Cardano and altcoins 4:15

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Coinbase versus SEC oral arguments with judge Fila in two days less than two days right now it’s I’m not saying it’s a big deal I’m saying it’s a massive deal I’m saying this is like the biggest deal in all of crypto this year it

Really is in my all of my time in crypto this is this is like the biggest deal SEC doesn’t have the law on their side in this video I’m actually going to break down some things and you know pertaining to the actual oral arguments coming up but we’re going to look at xrp

Charts in particular what happened when it was declared not a security and I’m going to look at Ada charts and talk about what could potentially happen on some of these altcoin charts adaa in particular in this video If the judge rules in favor of coinbase this is this

Is such a big deal for all of crypto especially this time around we are approaching the Bitcoin having so please hit the Subscribe hit the like let’s just jump into the video so I’m going to cover this thread by Jeremy Hogan another brilliant legal mind in crypto track the Ripple case very very

Brilliantly but this was metal law man just earlier ear today only 22 22 days after SEC permitted coinbase to go public SEC permitted coinbase to go public everybody the exchanges he said he testified the exchanges trading these crypto assets don’t have regulatory framework either at SEC or cftc and then

Two years later the SEC sues coinbase for failure to come in and register that’s one thing that Gary has going against him and as you know I’ve been tracking a lot of the different things that I think Gary has going against him he’s been on video stating 75% of crypto

Non-securities he’s on video pumping algorand as a great technology amongst other thing he he has basically said SEC has no regulatory authority over crypto exchanges testifying before Congress all of these different things I don’t know if you remember but back in August this was August 30th I did a post huge news

For adaah holders and altcoin holders pay attention in a recent dismissal order involving unisoft this was just in August users and their claims Unis swap users and their claims are falling victim to scam tokens judge Fila the same judge presiding over the coinbase SEC case made a statement that we should

All be paying attention to she declared ethereum and Bitcoin as crypto Commodities that’s another thing that’s a big thing Jeremy Hogan over here he says motions to dismiss are rarely granted so I wasn’t expecting much however I just looked at a prior order in on a motion to dismiss from the same

Judge on a crypto case and this might be closer than I originally thought back in 20 August 201 23 the coinbase judge dismissed a lawsuit against Unis SWAT for sale of scam tokens admittedly the decentral decentralized nature of the exchange played a large role which we don’t have in the coinbase case but

Check it out there are a couple of important things that the judge stated in her order that coinbase have got to like and I’m sure they do first she calls ether a crypto commodity could that just be lazy writing possibly but the judge was very aware of the difference between a security commodity

So I doubt it and it goes on check this second the judge states that Congress and the courts this is probably bigger deal Congress and the courts haven’t made a determination whether crypto tokens are securities or Commodities and this is still the case it was there was

A case back in August when she was presiding over the Unis swap case and this is the case right now Congress and the courts haven’t made a determination whether crypto tokens are securities of Commodities this plays well with coinbase’s argument that the SEC is overstepping its enforcement Authority

And that Congress must be involved first based on this judges prior dismissal of the Unis swap case her clear understanding of the technology I’m telling you everybody she’s been researching this stuff she knows what’s up her finding that eth is a commodity and acknowledgement that Congress should

Be involved in this process I’ll be very interested to see how this plays out So Meta law man as well saying a ruling right away you know on Wednesday probably not going to happen but within a few months who knows it could be weeks it could be days I have no idea nobody

Really does but this is massive I think back and and what’s so ironic and I say this time and time again in the premotion hearing in this case at at the same day around the same time while coinbase SEC are in court the other judge in the Ripple case

Was basically ruling xrp not a security now let’s look at xrp this is a daily chart this is what x xrp did off of that news 100% pump 100% pump in July of 2023 first thing I just want to note pumped and then it fell all the way back

Down to that level I want to really point that out what happened here but I want to also point out July 2023 if we go to a Bitcoin chart and this is our road map for Bitcoin Cycles crypto Cycles bull markets all that stuff that good stuff right if we’re thinking about

Well on this chart where’s July right here right so crypto the the Bitcoin crypto all of this still a ways away from basically if I can find it on this chart and I’ll have it up May April the Bitcoin having still a ways away right and as we know bull

Markets are more in this area and and right now markets are closer right we we’ve come closer crypto is way more bullish as we enter 2024 than we were back in that time so I want to point that out as we’re looking at the xrp chart but nonetheless this is the xrp chart

Xrp absolutely exploded it went from basically chilling around 46 47 cents to wicking up to 93 cents right it doubled you go to xrp over here in terms of market cap at least in terms of the coin market cap data it was at $24 billion

Market cap and it pumped up to S uh I’m sorry $42 billion market cap right so and and note that it was at 24 billion let’s go look at Ada this is Ada and let’s let’s change it to a daily actually let’s go over here before we even do that let’s just

Go over here it’s consolidating here on the weekly right and if we look at Ada go to coin market cap it’s 18 billion right so interesting to actually even just note that xrp before it took off 24 billion Ada right now and I’m not saying I’m just this is speculative what could

Happen to Ada and and really a lot of the altcoins especially are the ones listed in this in this complaint what could happen what if it pulled what if these altcoins pulled a move like that 100% move right especially because we’re in a more bullish environment than we

Were back in the summer Bitcoin ETFs just got approved many people are anticipating 20124 to be the beginning of a bull right so going back here $18 billion market cap right now Ada is around 52 cents so just to give you an an idea a move let’s just is called 100%

Move like xrp speculative maybe it’s maybe it’ll only be 30% right maybe it’ll be 50% but I’m just using this xrp move to give a sense we’re back above a dollar we’re right around a dollar and what’s so what what’s so interesting to me about this is if we go actually to a

Daily chart that we’ve been tracking lately we have all of this room that we’ve been doing from a speculative scenario right we’ve had this speculative ascending triangle even and I don’t know if this is going to play out already this is what I do in my

Own time I’m just sharing it with you this isn’t like me calling this but right now we’re anticipating consolidation for Ada and it could be sideways and drawn out a little bit even in this triangle what if this triangle plays out right a lot of volatility but

Just look at this this is this a daily zoomed out the Apex of this triangle leads us right into March right so January February March we’re right around this like thre Monon area where we might get a ruling somewhere in this triangle right and just notice the

Breakout out of this triangle if it plays out is is like around a15 to a120 that’s if we get this formation we still need another touch to the upper end so I don’t know if that’s going to happen maybe adaa doesn’t even form the speculative triangle and adaa and crypto

Just starts falling and A’s at like 36 Cents and then maybe there’s like this great ruling and then a pumps and we’re we’re back up here right I don’t know I really don’t know how it’s going to play out but what I can say is we are in such

A good time for this case to finally get resolved or hopefully get resolved and hopefully get clarity because if you remember there’s a bunch of options that could potentially happen judge denies the coinbase motion judge grants coinbase’s motion with pre Prejudice means the entire case is dismissed that would be phenomenal

Potentially that 100% pump scenario judge three grants promot or grants motion without prejudice and then SEC gets a chance to amend the complaint or judge grants motion with respect to claims relating to 13 cry crypto tokens but denies with respect to staking service so a bunch of

Things could play out and depending on which one plays out will depend on the the length of this right this first option judge denies the coinbase motion this this could be this could go into a long case kind of like we had in Ripple

Over a year or more right so a lot of things could happen but I will say based on all the data collected I just think judge Fila understands the law here and I think she understands crypto here we have all of these these things that are stacking up against SEC Jeremy Hogan

Just broke it down really nice uh and this was today this was hours ago I’m not trying I’m trying to be very you know I’m not trying to obviously you and I want we want the case to be dismissed but I’m trying to be objective and not let that just cloud

My my thing my my thinking here and just only talk about the hopium scenarios but I’m truly looking at the data and I’m just like I think SEC has it has it pretty tough so I’m kind of like Jeremy right now where he ends this thread saying I’ll be very interested to see

How this plays out that’s how I am and what could happen on the charts we’ve seen what happens on on on a case like this and I truly think at this time of the cycle this is so big for crypto as a whole outside of what we see happen on

Theart is this is this is speaking to the the clarity that we all need in this space and and the stepping stones in terms of trying to find that Clarity via courts and Congress this would be in this case the courts so I’m really looking forward to seeing what happens I

Told you I’d be covering this a lot this week I know I just did a video about this the other day but Jeremy Hogan his perspective now and I also wanted to just integrate the charts a little bit into this because I think you know everybody’s watching

These things so let me know your thoughts in the comments everybody I appreciate you cruising through if you’re not a subscriber hit the Subscribe hit that like I’ll see you in the next video God bless