This Is A Key Date For Ripple #XRP || END OF THE LAWSUIT

This Is A Key Date For Ripple #XRP || END OF THE LAWSUIT

what’s up you guys it’s Matt here so as
we get focused on the future of crypto
and we get closer and closer to altcoin
season happening we want to see a
conclusion to all of these cases that
are out there right whether it’s um the
SEC versus coinbase or the SEC versus
Unis swap or the SEC versus Ripple and I
think it all hovers around that last
case that I just said right xrp versus
Ripple um that has been going on for a
very very long time and it seems like
every time we get close to any type of a
win they supplement it with some other
sort of lawsuit right and we want to
know when are we going to see the end of
this right we don’t care really about um
you know exactly how much the payout is
unless it’s over a crazy amount right
but when it comes to a fine but what we
do care about is is the fact that it
ends it’s the fact that we come to sort
some sort of conclusion right if there’s
a fine in the midst but then we also get
a a full explanation as to where the SEC
is heading where crypto is heading just
everything that we need to know about
how crypto moves forward then yeah we’ll
take that any day of the week but if
it’s going to be something to where you
pay a lawsuit or you pay a fine for this
lawsuit and then it gets um you get
another lawsuit down the road like
that’s not helping anybody that’s not
doing anything but pad the SEC or the
government’s Pockets right so we have
some significant dates uh that we want
to bring up for ripple to where we could
see an end to this lawsuit but it
doesn’t mean that we we definitely will
see it we saw what happened on November
9th where we thought we would get some
sort of a settlement and then the
settlement got pulled and the the CEO of
Ripple came out and said look we’re
willing to fight this to the Supreme
Court and that’s still on the table we
could still see this take that route
however we have a lot of information
behind closed doors and a lot of
different articles and different people
that are touching this thing or or
seeing what’s happening within it and we
got to take all of that into into
perspective here so guys if you could
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description now don’t forget about my
link for Marx if you guys want to start
trading xrp I’ve actually been thinking
about putting in a more uh extensive
trade into xrp leveraging xrp uh while
doing that but uh I haven’t decided to
do that yet um but doing it at maybe
like a 5x or something like that not
anything crazy but if you want to
explore leverage trading feel free to
check out that platform that link is
also down below but we have some uh
important information here right this
comes from coin gape um Ripple xrp
lawsuit update here are key dates on the
horizon Ripple xrp lawsuit with the
United States Securities and Exchange
Commission that has lasted for over for
three years has reached an advanced uh
an advanced level as they have now moved
to the um the remedy stage Ripple xrp
lawsuit April 29th is key pivotal date
right uh several observers are expecting
the a resolution or even a mutual
agreement uh that will Mark the the end
of the lawsuit now again there’s been so
much back and forth where you see
multiple billions of dollars that are
being pushed out as a fine versus you
know the initial starting point which I
think was 770 or 700 $700 million
somewhere around that that Mark and then
Ripple saying they should pay no more
than $20 million and then now they come
out and say they should pay no more than
$10 million while they have a two
billion dollar or $ 1.95 billion to be
more specific on on the table there so
it’s there’s so much back and forth and
we’re so far apart it’s like if you go
to a pawn shop and you wanted to pawn
something that was worth you knew it was
worth $5,000 but they’re like oh we know
we need to make money on it and you were
like all right I understand that we’ll
take it for we’ll give it to you for
$4,000 and like you can make a $1,000
profit like that’s not good enough how
how how uh good can you do you do like
3,500 and then they’re like okay well we
want it for 2,500 we want to at least
make 50% and that’s not a good deal
obviously so you’re so far apart that
you’re just like I I don’t know how we
can find Common Ground here but
according to um you know observers
several observers you may be expecting
resolution or some sort of uh mutual
agreement here according to uh American
um Attorney James
kin
felin uh Magistrate Judge Sarah netburn
who was uh recently nominated to serve
as the district judge for the South
District uh New York issued a a
scheduling uh order in the ongoing legal
battle the scheduling order in question
was in place of Ripple’s request to
dismiss the sec’s recent um uh expert um
submissions um it is uh worth
acknowledging that the the uh
submissions could strengthen the sec’s
case for remedies and a a final judgment
consequently um the the judge approved
an extension till April 29th 2024 the SC
uh to give a uh rebuttal to um Ripple’s
motion and the business days for the
crypto payment uh platform to reply $100
million or $2 billion for a settlement
for the SEC uh judge netburn has
allegedly displayed a favorable stance
towards Ripple uh in the in the course
of of the case giving the crypto firm um
and its supporters hop the lawsuit would
uh go in favor of the firm at the moment
there are varying opinions as to what
direction the lawsuit could end some in
favor of the Securities uh regulator and
others in support of Ripple uh attorneys
attorney um Jeremy Hogan uh strongly
believes that the the Ripple xrp lawsuit
will see an end this summer but not with
not without a $100 million settlement uh
from Ripple the attorney proposed uh
settlement is a a far cry from the $2
billion penalty that the SEC previously
requested for uh precisely the regulator
asked uh Ripple to pay um
$867 million in disgorgement and
$98 million in prejudgment interest when
the SEC made this outrageous demand
Hogan was one of the or one of those who
criticized the the actions of the
commission um
he noted that the the demand of the
regulator um is inconsistent with uh its
mission to safeguard the investors
ripples uh clo Stuart um
aldera also stated that the penalty
should be no more than $10 million as I
stated earlier which the company agreed
to pay for violations of uh section five
of the Securities Act of 1933 of
offering xrp under institutional
investment contracts now this is
interesting right it brings up April
29th as the key date if you wanted to
know right April 29th is that key date
however like you look at this this whole
entire breakdown everything that’s
really going on here with with um all
that’s there I think when it comes to
getting that $100 million potentially
$100 million settlement it has to come
with some clarification right and I
think that’s where Ripple’s coming from
like you’re not just going to pay a fine
no matter what the fine is you’re not
just going to pay a fine and then not
know where we stand in the crypto Market
in the definition of what is a security
what isn’t a security because xrp is
labeled as not a security right however
you know the the sale in which they’
they’ve acted upon obviously violates
laws um but it still provides no clarity
as to what is and what isn’t a security
and what a lot of these uh
cryptocurrencies could be classified as
if they if they need their own category
or if they don’t so again April 29th is
a is an important date but then you also
have some time periods after that um
into May which is extended into May to
where you can have some responses and
you have some clarification as well I
just think we need to see um maybe just
a certain payout 10 million 20 million
50 million right um I don’t think it
needs to be anything more than 50
million but if it is 100 million there
needs to be some sort of explanation uh
that’s behind it it’s it’s far away from
the 700 million that they started with
and it’s also very far away from the
1.95 billion that they’re asking for
more recently so let me know what you
think about this right are we close to
the end of this lawsuit are we going to
see this happen within the end of this
month or the um sometime next month
right some people believe it’s going to
be within the summertime which honestly
would would suck I don’t want to see it
extend out that far and see xrp struggle
for that long
however it does provide a huge
opportunity to gain a lot elsewhere and
then throw some of that money into xrp
because you know what xrp will be after
the summertime which uh does give me
kind of an idea right to obviously gain
a lot more so I gain some here and then
also double that money by reinvesting
those gains into a place where I can
gain a lot more again um kind of
guaranteed in a way but anyways let me
know what you think about xrp let me
know what you think about this lawsuit
are we close to the end of this guys hit
that like button hit that subscribe
button hit the notification Bell for
more of these videos also make sure you
check out any of the links that are down
below it does help out the channel I’m
going to get out of here and I’ll catch
you guys in the next one see you

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