This Is What A Win Looks Like For Ripple #XRP!!! The SEC vs. Ripple Lawsuit Update…
what’s up you guys it’s Matt here now in
the last couple of videos I’ve been
talking about xrp I’ve been talking
about Ripple and the case that’s
associated with it I feel as though we
need to understand what would be a win
for ripple xrp what would be a win for
crypto in
general and honestly this case is pretty
much the most important thing that’s out
there right now we’ve already had the
Bitcoin having that has happened and
obviously we’re going to see
the the bullish momentum that happens as
time goes on but is that going to be is
that going to be uh easily transitioned
to a lot of other projects that are out
there maybe a teruna classic that falls
under a lawsuit right um or maybe an xrp
or or Ripple that falls under that
lawsuit or even uh coinbase or Kraken or
Unis swap or metamask and all of these
different places and businesses and
projects that are being sued or
threatened by the SEC by the US
government um are we going to see that
continue to push because of the fact
that they’re denying crypto so much
rather than trying to build rather than
trying to understand they’re just
denying it it’s like when somebody makes
a bunch of money and you and you tell
them how you made money and they just
continue to say oh well that doesn’t
work for everybody and they continue to
to kind of push it down and you know say
that it doesn’t it it won’t happen that
way for everybody
um instead of trying to understand how
they made their money and the different
uh places that they decided to invest
into or whatever they just decide to
deny it right that’s what the SEC is is
doing they’re just like no we’re not
doing crypto we’ll do crypto in our own
pace and when we decide to invest into
it that’s when you’ll see that uh it
does explode that’s when you’ll see that
we’ll have regulatory Clarity in a way
and I think um we need to see
so many things that happen with all of
these cases to create a win but I think
there’s one thing that’s that’s common
there and one thing that needs to happen
and that would be a win for ripple xrp
and honestly would be a win for the
entire crypto market now before we get
into that make sure you hit that like
button hit that subscribe button hit
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videos also make sure you check out some
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help out the channel and if you guys
want to check out my link for Marx and
you want to trade at a 50x leverage for
xrp you can um but I recommend 5 to 10x
leverage I never recommend putting too
much risk out there but if you feel bold
and you feel like it is at the very low
point and it’s going to Skyrocket above
whatever point it’s at then go ahead and
do whatever leverage trade you want to
do it’s your money um you can make that
decision for yourself um but if we look
at where xrp is right now it currently
stands at the time of recording this
which is 6:22 a.m. um on April 27th 2024
which you’re probably going to see it
the same day um it currently stands at
51 cents down about 2% on the day
overall crypto Market is down by
2.3% um we’re seeing that the volume is
sitting at um about a billion dollars
but it is down quite a bit the overall
volume is down by 22 uh% as well uh if
we look at the market cap it’s sitting
at a 28.4 billion market cap and you see
how much I’m holding of xrp I believe in
xrp and where it’s going to go I believe
in the win uh when we do officially see
this win uh for xrp here I think we’ve
been fighting this battle for quite some
time um it’s been three plus years that
you’ve been fighting this battle uh with
the SEC for ripple and it’s it’s reached
certain levels where we believe we have
significant dates we have key dates that
are going to tell us whether we see a
settlement we have a lot of information
that’s behind closed doors that we don’t
know on that I’m trying to put out
information on but we honestly don’t
know the full details of even some of
these lawyers that are very close to it
don’t understand exactly uh where the
details land it’s all this is what I
think is going to happen or this is uh
something that happens typically within
uh this type of lawsuit something like
that right speculation um so with that
being said we honestly don’t know right
so for xrp for ripple for um for this
case we have uh the date let’s say
November 9th where we had a significant
date everybody was hyped around that
date we thought we would see a
settlement and then something happened
behind closed doors that we don’t
officially know of we don’t know the
detail of and I would love to if anybody
does know it but the information that we
do have is that the SEC offered or
always had something on the table table
for ripple Ripple was going to accept
that offer right I don’t know what it
was they were going to accept that offer
because it was a lot lower than where
they stood and I think there was also
some extra pieces into it but they were
going to accept that offer right then
that offer was withdrawn and as that
offer was withdrawn the CEO Brad
garlinghouse came out and said look um
if you’re going to just withdraw offers
after we went through all of this and
you know just you’re looking to just
rile me up then we’re looking to uh
bring this to the Supreme Court so that
brought uh so much more of a timeline
instead of just looking at November 9th
it’s now like this could push into 2025
type of conversation right that’s where
it’s like and it wasn’t even 2024 yet so
it it brought a lot of negativity to the
to the table because it can now go to
the Supreme Court then you see more
conversation uh especially this month
talking about how the 29th is a
significant date how we could see a
settlement how we could see uh some more
clarity but we honestly don’t know know
what’s happening behind closed doors
so uh after all of that we know that we
have significant dates going forward uh
for obviously April 29th and then also
into may but then you also have um you
know the summertime as like a key range
of when this settlement could be a thing
so honestly it doesn’t matter of when
exactly it’s going to be settled um
obviously for our uh portfolios and our
growth and and what we want to know we
want to see it happen as soon as
possible so it does matter to that uh
perspective but what does matter is how
we have a win for xrp and I think that’s
something we haven’t really discussed is
exactly what is a win Within These
articles that we’ve gone through they’ve
mentioned a bunch of numbers where you
have $1.95 billion that could be paid
out by Ripple because you know the SEC
is requesting that right I don’t think
that’s a win for ripple at all right if
they pay $1.95 billion that is not a win
at all you don’t have Clarity you don’t
have anything however as you get to the
lower stages the initial amount that
they wanted which was 700 plus million
that’s still not a win what is a win for
ripple is anything honestly below let’s
say 100 million with some sort of
regulatory Clarity with some sort of
understanding as to what is a security
and what isn’t a security that is a true
win for ripple anything under 100
million with some clarity and not a the
ability to continuation and add
something on top of it because xrp is
not a security however the institutional
sales right that that um was something
that violated securi laws now with that
you can pay anywhere from 10 million up
to 100 million from what I’ve heard
right the numbers that are out there but
who’s to say that we would truly have
regulatory Clarity who’s to say that we
would truly have um legal clarity
with not only xrp but crypto in general
so that we get a full definition of
where crypto stands I think the way we
get a win not only what is a win but the
way we get a win is also very
important and I think when it comes to
cryptocurrency in general at this point
the SEC is trying to sue everybody and
somebody brought up a um a good point
within my comment section and I don’t
remember who it was so shout out to you
you can say it in the comments if it was
you um and don’t just all say it was me
he got the idea from me no um somebody
called this out and said look every
single crypto company project exchange
um every single part of crypto should
honestly be battling the SEC Al together
and the reason why is because it shows
that we’re all coming together it shows
Unity right and it’s an easier way to
fight this thing Ripple has been doing
this by themselves for a long time even
Kraken decided to back off and just pay
the $20 million however I believe there
was some sort of other lawsuit that the
SEC wanted to take to Kraken again uh
take something to Gemini take something
to to um um coin base and and just every
other platform binance us binance CZ uh
terraform Labs Unis swap metamask just
every everything it seems like and what
they need to do is they need to take the
fight to them because this is ridiculous
that we just see uh lawsuit after
lawsuit after lawsuit of whoever they
want to pick you know kind of out of the
crowd right and it it sucks I think
that’s how we battle it that’s how we
get that win but ultimately a win for
ripple is anything below $100 million in
my opinion with Clarity if you don’t
have Clarity then $10 million but let me
know what you think guys hit that like
button hit that subscribe button hit
that 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 and if you guys
want to follow me on Twitter follow me
on patreon those links are in the
description and don’t forget about Marx
if you guys want to trade on that
platform guys I’m going to get out of
here thank you so much for watching and
I’ll catch you in the next one see you
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35 Comments
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Just to make something clear.
Ripple the company sold some XRP to build out its Enterprise Grade Software Technology they did not use XRP sales to build the XRPL Blockchain.
(Plus Ripple did not create the XRPL or XRP it was fully built out in 2012 by David Schwartz, Arthur Britto, and Jed McCaleb not long after they created Bitcoin.)
Judge Torres is smart and she knows the difference between XRP sales that were sold for an investment of future price increases and sales of XRP that were to Institutions to use at a later date, these are Utility use cases sales.
Utility use case sales are not securities offerings and that is what 99% of XRP sales were to Companies like Amazon…etc.
So the 10 million dollar offering Ripple made to the SEC was a very generous one. Ripple owes far less that 10 million.
Know what you hold in XRP and it will all be fine in time!
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