Cryptocurrency

Historic CRYPTO Battle HOURS AWAY!



In this video, I discuss the highly anticipated legal battle between the SEC and Coinbase, a landmark case that I believe is one of the most historic and impactful events in crypto history. I’ve covered this topic in several recent videos, emphasizing its significance for regulatory clarity and precedent in the crypto world, especially concerning altcoins. I express my optimism, but also share my concerns about the potential long-term implications if the case drags on, drawing parallels to the Ripple case. I delve into the possible outcomes of the court hearing presided over by Judge Fila, including the dismissal of the case, the chance for the SEC to amend their stance, and the implications of each scenario. My focus is on the importance of this case for the future of cryptocurrencies, especially altcoins like ADA and Solana, and the broader impact on the crypto community. I also highlight my anticipation for Judge Fila’s approach, given her previous rulings and skepticism towards the SEC. Lastly, I express my eagerness for the hearing, noting its crucial role in shaping the crypto landscape and my intention to possibly record or stream the event.

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We don’t want this to happen 1:30
We want THIS to happen 2:20
Will judge Failla hint at this one thing? 3:00
Concerns 5:00
The worst happening 7:30
What happens tomorrow 8:20
Judge Failla and her thoughts 9:45

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SEC versus coinbase we’re like 12 hours away everybody I’ve done I think three out of my last four videos are about this so if you’re kind of sick of hearing about it maybe the video is not for for you but and I don’t do it a lot

Where I’m covering a news event like multiple times but I wanted to have a laidback conversation now as we’re getting ready to go into the stretch here and this is going down the oral arguments coinbase team SEC team going to war tomorrow judge Fila presiding I

Just posted a little bit ago this is like this is like one of the most historic impactful things in all of crypto’s history especially just in my time in crypto this is this is one of the biggest things that I’ve ever been able to watch play outs we’re looking

For precedent we’re looking for regulatory Clarity we’re looking for answers especially if you’re out there and you’re like me altcoins are are a big piece of my crypto Journey obviously I cover Bitcoin all the time that’s a big piece too but altcoins are such a big piece in this case this is a

Landmark case I don’t know how there’s not more people talking about this non-stop Bitcoin ETF was talked about non-stop by everybody it just seems like this is one of those things as well should be talked about a lot but I wanted to give some thoughts because I’m I’m highly

Optimistic I’m feeling good about it but there is a piece of me that has concern and probably the most concern that I’ve ever had in all of my years in crypto so I want to talk about that a little bit as well but I have some notes over there

I have the the post for metal law man judge denying the coinbase motion right that’s what we don’t want to happen one of the things we don’t want to happen we’ll see what happens but if if she does that we’re going to go into this process potentially like we saw with

Ripple right and in the short term it wouldn’t be as negative of an event but it’s just this thing that’s just going to drag on and on and on and we saw how that played out with ripple right and I’m not so sure judge fet even once

Something like that I I feel like judge F from what I’ve seen has the data has the knowledge has has the context at this point in the game from a legal perspective and what’s happened in in cases like riple for her to not allow that to happen so I don’t know I don’t

Think that’s going to happen she’s denying the coinbase motion option two judge grants the coinbase motion with prejudice that’s the game Cher meaning the J if she grants coinbase motion with prejudice that’s it the case is dismissed that’s that’s massive now option three I want to read real quick

Is basically granting coinbase motion without prejudice and that would mean and I’m reading my my notes again SEC gets a chance to amend based on inefficiencies or deficiencies I I think he said cited by the judge right so if judge Fila is saying you know she’s

Looking for something SEC has a has a chance to kind of correct uh their stance I guess you could say and if that were to happen fine I don’t know how long that would draw things out but I guess the point is I don’t think judge I think judge Fila thinks or

Knows that sec in the first place doesn’t have a place in the matter this is up to Congress and and that’s kind of one thing that I’m looking to see if she alludes to that already Gary gendler is already on record testifying of the fact right I’m

Curious to see tomorrow if judge Fila talks about that at all or hints at that at all asks SEC about that you know and those are the little types of nuggets that I’m going to be looking for you know what is she what is she kind of

Giving hints and clues about because if she’s dropping nuggets like that it might give us a sense of how she’s going to rule right and because at the end of the day if if the judge agrees that the authority is that of Congress and not of the SEC then what

Other option is there to throw the case out and be like you know what this belongs in Congress and SEC doesn’t have the right that we need Congress to pass some type of regulatory Clarity and framework right right before making decisions like this so uh I I know I

Talked about yesterday and you know all of these things that are in favor of of coinbase so I’m not really going to do that much but I did want to just I I wanted to talk a little bit about and by the way I think tomorrow I’m going to

Try to see if it’s possible to record or stream the hearing I believe it’s at 10:00 a.m. eastern I I think I don’t know if there’s any links to find it online if I could stream it but I’m going to be be listening and I almost

Kind of want to record to see if it’s possible but we’ll see how that plays out but the worry right for me some things that I’m concerned about number one is what we already talked about this dragging on right because the more that this drags on if

If if this goes on for a year or more similar to the Ripple case then that’s just more time for lack of regulatory clarity lack of innovation people building less but it’s also time for the altcoins specifically the ones mentioned right like Ada salana I think was in there those to just be

Dragged through the mud right because that’s what that’s what it is right now I I get comments a lot people just perceive it just because the SEC you know sued coinbase and listed data people perceive that as law like cuz a lot of people don’t really understand

The fact that just because the SEC has that opinion doesn’t make it law just because the SEC and Gary gendler is saying Ada is a security Salon is a security that doesn’t make it so but majority of people that aren’t like digging into this and trying to

Understand the law because there’s a lot to it it’s not like we’re all we all naturally know this stuff right I’ve learned so much through all this people just think man the SEC said it’s a security that means it’s a security that’s that that’s that’s truly these altcoins being just dragged through the

Mud right so that’s a concern and then the other concern is this I’ve been very confident that again judge F judge Fila is following the data she’s following the law she understands crypto coinbase has been making incredible cases for why these altcoins aren’t Securities they’ve been making incredible cases of why

Their staking service is not is not this security uh transaction of some sort I’ve been very confident that judge Fila understands that and is probably in agreement with what they’re saying been very confident I see things like the Unis swap case judge Pho was over presiding over that one she dismissed that case

She called it eth a commodity right all these things I’ve been very confident but that’s kind where my concern comes into play you know how sometimes in situations sometimes in life in general not just crypto you become very confident about something you’re very sure of something and then all of a

Sudden life just smacks you in the face and and everything you were confident about and thought was was so just happens to be nope opposite direction complete other direction complete 180 so that’s that’s the concern because that kind of thing just happens right and so that’s the concern for me judge

Fila does something says something that’s just like wait what and it’s almost in favor of the SEC and their stance and this is why tomorrow is such a big deal the ruling obviously is a huge deal but what gets said tomorrow and the way that coinbase in general and

The legal team of coinbase the way that they represent crypto and defend crypto defend truly you and I and our Journeys here it is so important and this is why I’m saying it’s so impactful it’s it’s historic because it really is what happens in this case will set precedent

What happened in the xrp the Ripple case with xrp being ruled not a security that such a huge amount of precedent it’s a huge deal for xrp even though price is not moving right now and people are like what’s going on over over there in the

Long term that is so massive and so important and critical so the same is true here but I think even on a grander scale because of what’s involved it’s there’s multiple altcoins involved here there’s the staking piece of this right and there’s a case where judge Fila

Might be like you know what the tokens listed aren in’t Securities but we need to revisit the we’re going to deny the motion for the staking piece right what’s going on there and that might need to be further explored so a lot of different things can happen but either

Way everything that’s everything that this case encompasses is so meaningful it really is and I just going into tomorrow it’s the biggest thing that I’m thinking about and that’s why I just want to do a video just talking about some of these things one last time

Wrapping it all up because these are the things I’m going to be watching for tomorrow I’m so curious to see if judge Fila just drops any hints in terms of where her head is at espec especially at this point in the game in the premotion hearing you remember she showed

Skepticism towards the SEC and she she was dropping something she was saying some things that was like what wasn’t looking good for SEC namely one of the biggest was like you know I’m paraphrasing but you basically approved coinbase right you approved coinbase in their S1 to to interact as the business that

They are knowing what they do knowing the tokens that they sell you approve them right and and then all of a sudden you sue them that’s that hypoc hypocrisy right now or right out the gate and and judge F calling them out on it that’s so

Huge is she going to bring that up again tomorrow I don’t know but these are just some of my thoughts everybody one of the talk about it I know some of you are probably worn out me talking about it but I don’t I don’t really know what

Else to talk about right now because I just am really looking forward to that in terms of what’s happening in crypto right now price movement not doing much there’s not crazy news going on bitcoin ETFs they’re cruising right that’s fine but this is it and we are we are hours

Away now we waited really months for this moment so let me know your thoughts in the comments below what you’re thinking out there thanks for watching uh hopefully hopefully it goes well right and we don’t get smacked in the face but we have to be prepared for all of these

Things cuz we just really never know things are things are getting crazy though so appreciate you watching I’ll see you in the next video God bless

35 Comments

  1. Your explanation is concise and practical. However, the market can be manipulated in many ways. I had an early understanding of trading crypto assets but was limited by my technical analysis skills. That changed when I discovered John Grayson strategy. Day trading should be given more attention as it is less affected by the market's unpredictable nature.

  2. I don’t want to sound negative but It might not play as we all wish. Just for blackrock to accumulate more bitcoin when the market drops after a negative rolling.

  3. Keep it coming, Dan. You make a video, and I will watch it. Every last one. This is exciting and an emotional roller coaster. We are standing on a sand dune, a mile high, with two years of desert in the rearview mirror, and in the foreground is the long awaited oasis. 🤙

  4. I think anything less than a dismissal will draw altcoins down, at least in the short term. Uncertainty always drives money to safer places and right now Bitcoin is at a discount and the safest assign in the crypto market.

  5. The judge in Delaware for AMC, Morgan, T Zurn, concerning the reverse stock split that was rigged by the CEO of AMC, to steal our shares, we were confident that Morgan T Zurn of the Chancery Court of Delaware, knew the truth, and she did. But when it came to the ruling, someone noticed that the style of writing in the ruling was of a different judge in the Delaware court, and she was not given the opportunity to fairly judge that case on her own. Think about that. The power these people have. How many people got paid off even at the court level. Nothing, nothing, nothing, and I mean nothing is legitimate anymore. we can only hope God will do something. Rig elections murders, from the Clintons to the Obama, from Soros to Klaus Schwab, from the group to the United Nations, they are all against retail, they are all against America. We need a miracle.

  6. Watching the crypto market's ups and downs shows how quickly things can change. The recent misinformation incident reminds us that external factors can shake things up. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. Stay alert, diversify, and let's ride this unpredictable market together. At the core is Samuel Peter Descovich, whose deep understanding of crypto and traditional trading is key. His all-encompassing investment approach and staying updated on trends make him a valuable ally in this crypto era.

  7. Thanks for concise overview. I'm with you. This "arbitrary and capricious" market manipulation by SEC is hurting innovation and the investors they claim to protect. Let's hope judge File throws the case out 🙏❤

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