SEC / ETH vs. Ripple / XRP , Mass Ethereum Delistings? & Hinman Refunds

SEC / ETH vs. Ripple / XRP , Mass Ethereum Delistings? & Hinman Refunds

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liftoff hey everybody this is the
digital asset investor and you may be
surprised to hear me say this but I am
not not happy that the
SEC uh and ethereum and they’re all
getting into it and all this that’s that
was never the the goal at all but when
we have a rogue regulator like Gary
Gensler that’s the direction a bad guy
like him would go instead of doing what
he should have done which is taken a
step back and done what we asked for
from the beginning and that is give a
Level Playing Field don’t Sue anybody
step back don’t try to pick winners and
losers like you did with Bitcoin and
ethereum like the SEC did that’s the
whole reason they got all of us red up
is because we realized what they were up
to but we never that was never what was
wanted now there’s a difference between
trying to De you know picking winners
and losers on whether things are a
security or not or and letting
Innovation Thrive there’s a difference
between that and anything that’s gone on
that was fraudulent they should go after
anything fraudulent left and right I
don’t care who did it they should go
after that all day long and they should
they should go and and do investigations
of those kind of people and
unfortunately I think a lot of that kind
of stuff did go on around ethereum and
the icos around ethereum too I think a
lot of the same The Usual Suspects were
involved in all the above and I think
all of them should be gone after no
question about it but
but it’s not ethereum itself and never
was we’ve said it a thousand times now
against that backdrop I’m not going to
sit here and and um and and pretend like
the xrp Army doesn’t deserve to do a u
not it’s not even called a Victory lap
but it’s more of like it’s about
freaking time you know and I’m not again
I don’t want them to do anything to
ethereum I want them to create a Level
Playing Field and let all all Innovation
Thrive and see let the winners and
losers be picked by the free freaking
Market which is the way the United
States is supposed to
run that’s the problem that’s the core
of the problem okay enough on that that
doesn’t mean that I’m not going to point
out and make fun of the hypocrisy of
what’s going on I mean because truth
will set you free folks and and and
we’re not going to ignore the truth
truth because we don’t want to hurt
anybody from ethereum’s feelings and all
of that they’ve done plenty they’ve
benefited plenty now Elanor terret broke
this uh yesterday afternoon looks like
consensus receives a Wells notice from
the SEC in regards to metamask while it
uh so it’s chosen to sue regulator first
so they received a Wells notice on
metamask and then they chose to sue um
the SEC first the question Gary Gensler
has refused to answer may now ultimately
be answered in court all right then
there’s this it’s important to point out
Ashley Prosper called it she said uh
this was on one of my tweets back in
March and um and uh she said the attack
it was a Joseph Luben I was saying he
gave a shout out to the xrp community
and he said the attacks will continue
maybe they will intensify maybe not and
Ashley Prosper said hey Joseph leben
have you received a Wells notice from
the SEC she I I think she picked up on
him seeming a little freaked out now
this has to be this the these people
have to be called out no question about
it all these exchanges when ex when
Ripple got sued just in a in a second
they they delisted it like it was on the
shelf and they were ready to delist it
in the first place and they did it all
in line boom boom boom boom boom like
dominoes I’m still waiting I don’t want
them to delist ethereum but I do want on
a Level Playing Field and that includes
no no kind of uh this for this one and
this for this one and that’s what’s been
going on with xrp from the beginning in
many aspects and coinbase seems to have
been happily going along with the anti-
xrp thing most of their existence and so
I do ask them when wait a minute you you
you had to delist xrp immediately
because um right here these exchanges
either suspended or delisted xrp for us
customers or cross all their platforms
to ensure compliance with the regulatory
concerns raised by the SEC well coinbase
is is completely aware now that the SEC
has regulatory concerns about ethereum
have they delisted ethereum I haven’t
seen it I don’t want them to delist
ethereum but I want to highlight
coinbase’s Behavior that’s what I want
to highlight
and that’s what the purpose of this
tweet is probably the Tweet of the day
is Joseph Luben has blocked me but I
yesterday the funniest thing I saw I
think it was either yes let’s see yeah
yesterday Bill Morgan had had retweeted
Joseph Luben announcing the uh consensus
lawsuit against the SEC and he says did
you ask Bill Henman for a refund now
that I got a laugh out of here’s uh
consensus’ thread on this but I’m not
going to highlight that but because I
have other things to highlight let me
tell you where my gut is on this
consensus SEC thing folks my gut is
where Steven n off’s gut is he says it’s
been over a month since SEC launched an
investigation in a theorem and it’s
quite clear they’ve been preparing for
this moment all along their intention is
to align their stories and declare Etha
security starting from their decided
move to proof of State everything
previous is almost non-existent in other
words
I believe like I think Steven nof
believes my gut tells me that the way
that that the that the SEC and consensus
are probably in some kind of way
together on this thing and that what
what they’re going to do is they’re
going to give you give everyone the
appearance of this battle and they’re
going to give the appearance of the
battle so that they take all of the
spotlight away from the Ico from the
bill Henman Free PE free uh pass and all
of those nefarious transactions that
happened within ethereum you know like
disguised whales from inception all the
way to the bill Henman speech and maybe
even Beyond and or or basically
everything before the merge they don’t
want that seen by people because that’s
where that’s that’s where all the bodies
are buried including the sec’s bodies
and I believe that’s what they’re trying
to do here remember how vitalic buttin
was wanting to erase the history on the
blockchain for
ethereum remember that I think it all
has to do with everything well on a day
like today it just couldn’t be done
without me putting together some uh
Joseph Luben Greatest Hits so I won’t
play the whole thing but you can go and
watch it on your own time but you should
see at least couple of minutes of it
well Regulators have spoken the SEC has
spoken Bill Henman made a speech I think
it was in mid
2018 it it was disclosed that uh I think
18 of his colleagues at the SEC worked
on the speech with him so the SEC
actually spoke it it’s really um a
foregone conclusion at this point uh
there may be a regulator or two in the
United States that can’t bring himself
to utter the fact that uh that ether is
is not a security but uh I don’t know
why that’s the case and and ultimately
that just doesn’t matter I could even
call Gary the uh The Shining Night of
decentralization oh boy so we will
continue to do consumer utility tokens
and our friends at the SEC and other
organizations around the world are
comfortable that uh if you construct a
token properly and you Market it
properly then it can uh be a an element
of utility on an open platform is there
any plan for greater transparency uh
within consensus in terms of how it
deploys it eum internally sure um and
you know we’re a private company and uh
we r private company too absolutely uh
and uh transparency is important to us
uh but we also have to uh be strategic
about uh information that we about
hiding the sky whales in the United
States I think the SEC has a a great
perspective on things so we um have had
deep discussions you would say the same
thing if you thought you had solidified
your Bitcoin ethereum Monopoly with the
lots of regulators in the US and uh the
SEC understands that uh that there is
this thing called a consumer utility
token um and if you uh constructed
properly and marketed properly uh then
it’s not a security nobody in or nobody
at the SEC wants to kill blockchain for
America um so um they also want to
enforce the laws that they’ve been
enforcing effectively for decades
protecting consumers uh so they need to
take a balanced approach uh they need to
message things positively in my opinion
um but there’s also I think going to be
uh even more of a reckoning coming where
um certain projects obviously sold
Securities um and sold them uh contrary
to security law see now this is a part
of of the whole eth gate Saga that that
really pisses me off and it should piss
everybody off and this is part of the
reason that I put videos like this
together today is that you you have to
remember it was with Joseph Luben it was
not good enough for him to get his for
him to think he had his uh Bitcoin
ethereum Monopoly that wasn’t good
enough he had to then start taking shots
at the rest of the industry these guys
guys were sitting there thinking that
they had rigged the whole game for
themselves with the SEC and then they’re
sitting there watching and he was
gleefully sitting on the sidelines
knowing that they were then going to go
after the rest of the industry this is
the part that should piss you off it
this is what’s pissed me off all along
this is the reason I didn’t just pick
Joseph luin to pick on or whatever this
guy was was happy that everybody else
was going to be gone after and he was
sitting there with a regulatory free
pass that he had gotten and and he
thought it was funny and he thought it
was funny that all these people
including xrp holders were being hurt he
thought it was funny and he’s making
these comments about it I didn’t I
didn’t even know who this guy was before
Ripple’s lawsuit dropped against from
the
SEC I think it’s funny right here I’ll
show you another clip cuz Brad
garlinghouse was right over the the
Target in this little clip watch this
this is Brad garlinghouse on stage at at
mainnet he was never invited to main net
until we uncovered eth gate and then
Ryan celus let him dunk him in a dunking
booth Ryan celus xjp Morgan by the way
um but if you look right here this is
Brad Garling house calling them
out and and I I spent a little bit of
time with with your team talking about
this you know back then and and and even
before 2017 well the closest comparison
in that era I think was a company you
worked at consensus the company with oh
Ryan silk has worked at consensus now it
all makes sense building on top of the
ethereum ecosystem and owned ethereum
and I think was a relatively speaking
the most comparable consensus is to
Ripple as eth was to xrp and both
companies were active in those
ecosystems trying to drive adoption well
I was only at consensus for like 8 weeks
so I’ll let you
Fatt he wants to separate himself from
that I would too Ryan um okay now look
metal law man has made some interesting
comments on on the thing I want to show
with this lawsuit by consensus being
filed against SEC today think we can
move uh the approval of the eth ETF on
May 23rd out of the highly unlikely
bucket and drop it into the not going to
happen bucket wouldn’t it be funny if if
an xrp ETF got approved before ethereum
then he had this one interesting
redaction in the consensus complaining
against the SEC what is this about and
he’s pointing to this he did not want
this is from consensus saying this he
did not want to admit that his
SEC that that his SEC had already
secretly cemented its power grab by
issuing and and they redacted it this is
uh this is consensus talking about Gary
Gensler not wanting to admit that a
theor whether ethereum was a security or
not this person um went to Ai and and
asked AI to complete the sentence um so
we’ll go it starts he did not want to
admit that his SEC had already secretly
submitted its power Grave by one issuing
an internal memo detailing plans to
regulate all cryptocurrencies as
Securities
um by initiating a closed door
investigation into ethereum’s initial
coin offering by
classifying ethereum as a security under
the guidance that was not shared with
the public that’s what AI seems to think
interesting then met metal law man what
do you know this appears to be
confirmation that the SEC is
investigating sales of ethereum by
consensus and then this
one uh the consensus complaint names
Gary Gensler for other Commissioners and
the SEC itself as defendants consensus
has hired the walk tail Lipton Law Firm
who who also represents coinbase in its
case against the SEC the complaint
alleges that the SEC has exceeded its
statutory Authority and violated the
administrative procedures Act and the
due process clause of the
Constitution I love this one from Mr
Huber and then we we’ll kind of stop
here and then I’ll I’ll go into the
group um breaking consensus is dumping
eth on retail to finance their business
isn’t this what Laura shin and all the
bad guys said for all these years oh
Ripple’s dumping all the bad guys to
this day in their little in their little
X spaces with 10 people to this day oh
ripples dumping on their on
retail consensus in the ethereum
foundation have they been dumping on
retail you know the only difference is
that the consensus and the ethereum
foundation disguised whales have not
been known whereas Ripple has been
completely transparent that’s the
difference and it’s like it was used
Brad garlinghouse has said it before
that’s what that was used against Ripple
when the truth is that’s why Joseph
Luben and all his friends hated Ripple
is because they were being transparent
and the and the bad guys knew they had
something to hide and Ripple’s
transparency was a big bright light on
the the difference between Ripple’s
transparency and theirs so what does any
good bad guy do they point at the good
guys and they they make they make it
seem like the good guys are doing what
they’re actually
doing it’s a Playbook folks that we’ve
watched for years this is why I showed
up to this fight now we’re going to go
uh before I go Remember xrp Las Vegas in
is in six days folks there’s discount
tickets in my group at dp.com
if you’re wanting to buy a ticket to go
have dinner with Brad garlinghouse you
go to xrp Las vegas.com you could
there’s still some a few general
admission tickets left you can also use
code uh code 589 if you want to go to
the benefit dinner to have dinner with
Brad Garling house there’s only going to
be I don’t think there’s going to be
more than 200 people in that room so
it’ll be a really neat experience I’ll
be there too and um you’ll get to meet
um Christian Carlo John Deon going to
get to see Brad comms playing a band
with Christian Carlo Michael arrington’s
going to be there I think Elanor
turret’s going to be there and and
representative Wy nickel um is going to
be there as well so that’s going to be
fun now in the
group you know what we’re going to do my
gut in this whole in this whole eth gate
Saga has always felt like there was some
combination of of uh bad guys getting
very
greedy and all the world’s at stage some
combination but we’re going to talk
about in the group we’re going to talk
about eth gate and all this SEC stuff in
terms of the all the world’s of stage
side of it 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 that if you
are intrigued by the whole all the
worlds of stage narrative then come into
the group that that’s where we’ll talk
about it all right
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