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
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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
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    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

    1. Leadership at the SEC needs to change.
      They have lost sight of protecting consumers and investors when it comes to crypto.
      They have a chance to regulate a MASSIVE source of tax revenue which will help cover all those covid checks that went out but no. They want money. They want regulatory notches on resumes and they are acting in bad faith to help current companies they already regulate but use outdated fintech solutions catch up to crypto rather than adopt it.
      The SEC is 100% the problem. They are NOT doing their jobs. PERIOD.

    2. 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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