Final Judgement: SEC / ETH vs. Ripple / XRP & Gross Abuse Of SEC Power

Final Judgement: SEC / ETH vs. Ripple / XRP & Gross Abuse Of SEC Power

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liftoff hey everybody this is the
digital asset investor and look what is
coming out the xrp Las Vegas
swag is apparently being mailed out Mike
Jansen who did do my intro and my outro
and has been sending me updates on those
for years now um he is he has gotten his
xrp Las Vegas swag apparently he’s going
to be there did not get to meet him last
year so I hope I get to meet him this
year um but there are only two days left
until the prices on xrp vegas.com go up
so you might want to go ahead and get
your tickets if you haven’t
already all right um wanted to show you
a little bit of this this is um Anthony
Pompano uh doing his Bitcoin propaganda
on Bloomberg which is one of the
propaganda outlets for Bitcoin what was
it last week or a week and a half ago we
were down around 60,000 you get a nice
bump back up 66,000 today Chanel 66,000
but still off those highs let’s take
that contrarian view too taking a look
look at Bitcoin climbing following the
weekends having remember the having cuts
the number of Bitcoin produced daily in
half we’re going to discuss that more
with pomp Investments founder Anthony
Pompano and I think you sit here on a
Monday CM after the storm and you wonder
did it did it work I mean the having
worked but did it really create that
Catalyst for crypto that everyone
expected yeah one of the things that
everyone wants to see is like the having
occurs in a minute later all of a sudden
the price goes up or down or sideways
what’s going to occur but what we’ve
seen historically is that the having
does take some time to kind of work in
um there was great research that came
out of bitwise and what they showed was
in the month before the having the
average return over the last couple of
bull markets it’s been 19% in the month
after the having it’s been 1.7% so you’d
say oh if I look at it as a 30-day
before 30-day after it doesn’t really
matter but if you actually look at it
over a longer time frame let’s say 12
months or 18 months the having has
marked a point where then we go up and
so it’s just classic economics 101 right
if demand stays the same and you take
away half of the incoming Supply the
price has to adjust up or down okay we
get it but guess who guess who was on
the Move yesterday which it would be xrp
price of xrp jumped ahead of altcoin
pack jumping 6% high as 56 cents this
was yesterday what’s today’s
date guess I’m am I supposed to know
today’s date when I start the show all
right today’s the 23rd this was
yesterday when they did this tweet um
amount of wallets 2013 holding it at
least a million xrp has been surging
over the past 6 weeks rising
3.1% and is within what one wallet of
alltime
high o does somebody knows something and
then yesterday this happened folks gross
abuse of power two SEC lawyers resign
over the judge’s rebuke in the anti-
crypto case this was the debt box case
Zero Hedge was all over it um they they
were pushed out so in other words Gary
coward Gary threw them under the bus
when he’s the one that actually should
be resigning uh judge sanction regulat
for gross abuse of power in March how
has Gary Gensler not resigned yet very
good point Zero Hedge met a law man who
knows what’s going on says two of the
SEC lawyers involved in debt box have
been pressured to resign but the court
found that the misconduct in debt box is
not isolated to a couple of individuals
but rather was a pervasive
misconduct demonstrating a pattern of
organized bad faith and broadly
implicates the commission itself picking
a couple of scap goats to throw under
the bus does not equate to real
accountability when the problem is
endemic to an organization blower seven
steps I recommend for True
accountability at the SEC let’s go
through them one criminal investigation
is warranted well eth gate hello I think
debt Box by the way is just a
distraction eth gate is the one none of
them will even speak of two State bars
need to investigate think Henman Clayton
forget Deb box all of these apply to E
Gate eth Gate’s the big one debt box I
believe debt box is literally they they
did they focused this on debt box to
take the folks away from the real
problem zgate house subcommittee on the
weapons ation of the federal government
should investigate four Congress should
pause funding this is obvious stuff here
folks pause funding for the sec’s crypto
enforcement program why have they not
done that why is Patrick McKenry not
done that what about Tom emmer remember
a new day was supposed to be coming SEC
leadership should resign that’s an
obvious too SEC should pay for the
damage seven operation choke point 2.0
should be terminated there is no need to
respond to me this will never
happen um all right then we’ve got
this if I can get it to refresh I said
what about what about when the SEC lied
in court for over a year about the bill
Henman speech being his personal opinion
then we found out it was being emailed
all around the SEC that was they lied in
court for over a year Ripple had to
spend millions of dollars to disprove
their lie where’ that one go
then this is from Elanor terret um
according to the LinkedIn profiles Welsh
and Watkins these are the two attorneys
that had to leave had only one and a
half so so in other they had a one and a
half year experience at the SEC so what
they did is they threw they picked two
guys that really weren’t implicated in
probably things like eth gate and other
things and just got rid of them and
probably told them don’t worry we we’ll
make sure you’re taken care of prior to
their SEC appointments Welsh was working
at Co l l p that’s where Nancy wos works
and Watkins for Parson whatever that one
is interesting side note while it cooly
Welsh helped represent crypto company
kick in its lawsuit bought brought by
the SEC in 2019 under chairman
Clayton and then I said I wanted to make
sure we highlight this debt box this
debt box thing is a nothing Burger
compared to eth gate and the SEC lies in
court there to this day nobody will even
speak of the word eth gate that that’s
where the real SEC skeletons are where
are those resignations where are those
investigations of Clint Clayton and
Henman why has not one Congressman
called for an
investigation and then there’s this um
Hester Pierce you’re supposed to be
you’re supposed to be crypto mom you’re
the good guy right why why is Hester
Pierce not say why is Hester Pierce
nothing doing nothing but writeups why
isn’t she blowing the whistle why is
Hester Pierce not
helping out in a real way instead of
just writing
notes is it because she’s good cop to
Gary’s bad cop and that’s the way it’s
always been and then I wanted to point
out another obvious thing this all you
have to do is raise children like I’ve
done to understand this concept if your
children if if your child does something
wrong and you don’t discipline them for
doing something wrong they’re going to
do it again because why wouldn’t they
nobody’s corrected the behavior so why
wouldn’t they do something wrong again
well Gary gensler’s no difference I know
everyone’s highlighting the SEC
corruption that caused a couple of their
attorneys to resign today but what did
you really expect when you appoint
someone who didn’t even have to answer
to this what do you think they will do
answer continue the behavior when does
Gary face
repercussions hey real quick last
question I think it might have came up
you were Hillary Clinton’s CFO in the
campaign right it’s of my history were
you yes or
no in 2016 did you facilitate the
payment for the steel dossier since you
were CFO of the Hillary Clinton
campaign sir yes or no sir yes or no
that that was that was not you’re under
oath chairman Gensler yes or no I know
it was not something I was aware
of i y back the rest of my time you
don’t behave like Gary Gensler unless
you feel like you’re protected and until
someone breaks through that
protection and makes him personally have
repercussions then this be nothing’s
going to
change New York Stock Exchange considers
staying open 247 F folks make no mistake
this is in response to when when the
crash happened over Iran attacking
Israel the other day and all of a sudden
the people that own Bitcoin ETF realized
that they had a disadvantage because the
people who owned physical Bitcoin could
trade on the weekends while they were
stuck until Monday that’s what this is
about so you can see crypto’s already
changing the whole the way everything
works breaking X has now acquired a
money transmitter license in half the US
states this is lifechanging opportunity
for ex creators monetization is coming
and it and it it’ll create millionaires
let me tell you something I don’t know
if I’ve ever said on this channel that
is worth mentioning I know for a fact
folks I have 360,000 Subs uh followers
on X and I don’t make hardly anything on
on X terms of their monetization and I
mean almost
nothing and I see people on here doing
this like almost every day when payments
happen what they’re doing and I can tell
you for a th% fact they’re creating
these fake screenshots that make it look
like they’re making tons of money I’ve
seen I see people and I want I want to I
know some of them some of them are in
there at xrp community and I know a
particular one or two that if if I see
them in xrp Las Vegas I’m going to ask
them why are you not telling the truth
about the money you’re making on X I’ve
seen them put screenshots up and these
are people that have like 80 or 90,000
followers to my 360,000 and I I’ve never
made even in the realm of the kind of
money that they’re put they’re posting
up and there’s no way it’s true and I’m
not going to say any names but I will
pull P them aside and and say what are
you what are you doing here what are you
up to because I don’t like it um I don’t
like it when anybody’s just bold-faced
lying because that that is Major red
flags for me uh James fan has filed its
opposition to the sec’s motion for
remedies and entry of final judgment um
so this is remember they asked Ripple
for like $2 billion and then check this
out Ripple is seeking to pay no more
than a total of 10 million in civil
penalties out of the 2 billion for its
institutional sales a far cry from the
two billion from Ashley Prosper the
court should deny the sec’s request for
an injunction for discouragement and for
prejudgment inurance and and should
impose civil penalty of no more than $10
million that would make Gary Gensler
look like the biggest a-hole on the
planet which he
deserves steuart aldera our our
opposition to the SC ‘s request for two
billion in penalties for legacy
institutional sales is now public in
case that had no allegations or findings
of Reckless recklessness or fraud and in
which Ripple won on significant issues
the SEC sec’s ask is just more evidence
of its ongoing intimidation against all
of the crypto in us we remain confident
that the judge will approach this final
remedy phase
fairly um and then Brad garlinghouse com
comes in feels feels appropo that we
will file our response to the same day
that two SEC lawyers resigned for their
misconduct in the debt box case the US
will be picking up the pieces of the
agency’s disastrous policies long after
Gary Gensler is gone true story now we
we’ve played this clip before but it’s
important um after years of
Investigation more than uh and more
years of Discovery the SEC uh does not
and cannot point to any in institutional
buyer that lost money as a result of
purchasing xrp from Ripple this is key
folks because this is what this is how
Ripple could just drop kick Gary
Gensler the bigger argument here in my
view is uh Ripple caught a very very
lucky break recently the second Circuit
Court of Appeals ruled at the end of
last year that in order for there to be
discouragement there have to be victims
of the fraud victims of the Securities
Law violation there has to be something
called pecuniary harm and that means
losses actual losses so when you read
the sec’s filing on their damages Theory
they have a heading say hey no problem
there’s pecuniary harm here but they
don’t actually identify a single
purchaser of xrp who lost money what
they say is some purchasers and remember
we’re talking about sophisticated
institutional buyers hedge funds VC’s
you know Wales buying xrp and they
bought at discounts and then presumably
sold not the next day but periodically
and so the SEC says some of the buyers
got a lower discount than others and
therefore they were pecuniarily harmed
which does violence to that term there
have to be actual losses and they do not
identify a single quote unquote victim
uh uh institution that lost money in
their deal because they bought all of
this xrp at some significant discounts
yeah and and just to to tie a bow on it
this concept of
discouragement uh while it is a party
who’s done something wrong issued an
unregistered security is supposed to
give back their net profit from doing
that that money is supposed to go to
victims not to the treasury and so if
there are no victims the entire
rationale for the discouragement goes
away and so if there’s no discouragement
by the way Scott then there’s no 200
million in interest interest triggers
off of discouragement and so that would
go away now that the odd is you could
still have a penalty in the absence of
victims and a discouragement judgment
but it would be weird for an $850
million penalty in a situation where
there’s no discouragement no victims no
restitution fund no nothing that would
be pretty odd and so that the court then
would have a lot of discretion in
establishing what the penalty might be
and I think it would be substantially
lower than that
850 all right good stuff now I wanted to
make sure that I pointed out in this
tweet all these people you know the
entire crypto industry is now wanting to
jump in on the the whole SEC party
everybody’s everybody’s gotten bold and
they want to take shots at the SEC and
here’s Laura Shin who’s never spoken of
eth gate and here’s um Jake travinsky
who’s never spoken of eth
gate and uh or who never they don’t ever
want to acknowledge eth gate and I said
dirty little crypto secret before the
xrp Army exposed eth gate nobody body
including judges was fighting or calling
out the SEC for its corruption you’re
welcome crypto sincerely xrp Army and I
do mean that sincerely now um and I and
I want to uh I think Steven ner off’s
over the target here
see debt box is nothing folks eth Gate’s
the Big Kahuna and there’s a reason none
of them want to talk about it and he
says Black Swan lurking in crypto
markets shadows and he’s got a ride up
here and he’s right folks this is the
big one this is the one that takes them
out be this thing it’s not just the SEC
folks it’s it’s cftc too remember they
were meeting with both but anyway he’s
right now um Jeremy Hogan’s going to be
talking more about the’s big legal
problems that they have in this case
he’s going to be on live
when did he tweet this say today he’s
going to be on um on crypto law on John
deon’s Channel 1.95 billion or 10
million or what will it be so Jeremy
Hogan’s going to be talking about now in
dip.com here’s what we’re going to talk
about we’re going to talk about possibly
now this could go in in the conspiracy
file it could go in the all the worlds
of stage file but we’re going to be
talking about possibly the greatest
sting ever conducted it would invol
involve crypto it would involve politics
it would involve everything and there’s
a lot of this that just tugs at your gut
that will make you think to yourself man
some part of this has to be true that’s
kind of what I’m thinking I’m the
digital asset investor I’m not an
investment advisor this is for
entertainment purposes only Please
Subscribe hit the like button and tell
your friends and family if you want to
know about this is a very interesting
story by the way the great the possibly
this would be the greatest sting ever
ever done so here we go
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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.