Ripple/XRP-USDTether = RugPull?, Stablecoin Bill-In Short Order, Ripple Secret Weapon

Ripple/XRP-USDTether = RugPull?, Stablecoin Bill-In Short Order, Ripple Secret Weapon

welcome back to the show everybody check
out these headlines at stablecoin Bill
it just got a lot closer we got that and
so much more somebody roll that
beautiful
[Music]
intro digital perspectives with Brad KES
come on
[Applause]
in welcome back to the show you can
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content right now $2.47 trillion market
cap for crypto the market is off by 4.8%
in the last 24 hours what did you do all
I did was go to sleep what the hell
happened 63,0 400 plus for Bitcoin 3,100
Plus for ethereum now
$19.9 billion uh market cap Plus for
tether number eight spot is xrp at 51
cents we’re off by 4.8 on the 24 and
we’re up by 4.2 on the 7day the range of
price very quickly here between 52 and
54 cents we’ll keep an eye on it I do
want to let you know there is seven days
in
counting till xrp Las Vegas ladies and
gentlemen listen if you haven’t gotten
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Brad garlinghouse with John Deon with
Congressman Wy nickel The Honorable
chrisan Carlo you get it this is a
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late ladies and gentlemen Black Rock has
confirmed it has no commercial
relationship with hadera and that it did
not choose that uh hadera hashgraph to
tokenize Black Rock funds including
shares of its $22 billion money market
fund well there you have that part but
listen we know it’s still good news
ultimately right so we’re going to we’re
going to watch it and follow it closely
you know how these things go sometimes
you might be a little bit ahead but then
you know there’s other influencers out
here that if it’s not literally to the
letter they get very particular about it
but we’ll just see how this unfolds But
ultimately it is the adoption and
integration of digital assets into the
financial system and that’s the
direction we want to go but not this one
this right here from Ryan sha Adams the
developers of Sam Samurai were arrested
this morning one extradited from
Portugal Samurai is a Bitcoin wallet
that makes Bitcoin private uhoh these
developers face up to 25 years in prison
for writing code the US is sending a
message no transaction will be private
and this is the question I’ve been
asking about
tether I don’t know tether to be kyc and
if they are you can correct me
how do you get tether to be compliant
and become
kyc I just don’t know how you do
it and here is Hester purse right here
look I mean and and to speak to this
about the people getting arrested here
what I see happening and I have said
this you can’t stop Bitcoin you can’t
stop it it’s a technology you can’t stop
Bitcoin you you better get a clue if
you’re one of them people that think
that you better sit yourself down and
start doing the math again cuz somewhere
along the line you forgot to carry the
one I’ve said this before I even had a
YouTube channel if the government
doesn’t want you using something the
tech isn’t what they need to worry about
because you can’t stop the
tech all they have to do is pass a law
that says if we catch you using it I’ll
send your ass to
jail that’s all they need to do
what I see taking shape here is the
defining lines between what will become
the dark web of the internet of value
and just the internet of value just like
we have the internet of information
today and the dark web
today that’s what’s coming listen to
Hester Pur talk about how she doesn’t
approve of what the SEC is doing but
that’s what we’re doing yeah I mean I’ve
been fairly clear with
my own view that I think we’re taking an
enforcement first approach in an area
where we should be taking a regulatory
first approach am so I’ve argued that we
can tackle different issues and we can
provide Clarity around those different
issues we can think about rule makings
or about um guidance or about exemptive
orders we have broad exemptive Authority
and we should be using that and that
would be a way to do when you talk about
Innovation that would be a way to
iterate on innovation using that
exemptive order process which is
Congress gave to us precisely because
Congress knew that things would change
and we would need to make adjustments
and so that’s what we could be doing I
fear that when we craft enforcement
settlements um with one one party and
then we use those settlements to try to
set the standard for the rest of the
industry that leaves a lot of voices out
of the room that leaves um not only
other Market participants out of the
room but users of the technology and so
I think it’s it’s not the right approach
and I’m hopeful that we will um will
embark on a more proactive U regulatory
approach and then of course there’s a
role for enforcement we all know there’s
plenty of fraud in the space But even
once we have the rules in place um
there’s there’s room for enforcement
there as well so it’s a balance but I
think we’ve got the balance wrong right
now well there you go and I think we got
the balance wrong right now I mean we
all know that but uh listen you have to
imagine the courage that it takes for
eser to say those things I mean she
knows that Gary can’t fire her right so
she has her own voice but the reality is
it takes a lot of Courage you know to
stand up and go to these conferences and
say these things you know soon enough
Gary gendler’s going to be gone the
question is is the devil you know going
to be better than the devil you don’t
know we that you know that’s not in we
don’t know we don’t know well we’ll
see billionaire Ray doio says he’s
owning gold to hedge the risk of debt
and inflation crisis that he sees coming
well this is what we’ve been talking
about this is what I tell you about
miles Franklin put dig gold in the
subject box when you sign up or just
send him an email and put dig gold in
there info@ mfranklin docomo in the
subject box look you know there’s a
change of coming ain’t no doubt about it
it’s not even and we don’t know EX
exactly when but it is coming meanwhile
stable coin issuer tether this is where
it gets fun for
everybody stable coin issuer tether says
it will freeze wallets that are using
usdt to evade sanctions on oil exports
in
Venezuela good job yeah what happened to
the illegal transactions that were
happening with China and
Russia care to explain or is it just the
oil exports in Venezuela you’re worried
about now you know I don’t know whether
tether completely collaps you know
whether they shut it down and then push
the entire market cap of USD tether into
usdc and potentially Ripple’s uh US
dollar stable coin when it
launches but something like that would
make sense to me you know I if the if
the governments around the world wanted
to eliminate the 20 matter fact let’s
take a look real quickly here one second
there’s currently let’s see uh according
to coin gecko over 14,000 coins I know
coin market cap I think has over 20 some
thousand right so the the the the point
of all of that is to say
basically if I wanted to eliminate the
majority of those 14,000 coins all I got
to do is get rid of tether and if I have
two regulated places that I approve of
like usdc and Ripple’s US dollar stable
coin for the money to flow why not shut
it down like I said earlier I don’t know
how you kyc AML
tether because it hasn’t been so I don’t
know how you do that with its customers
at this point guarantee that it’s CFT
CFT which is combat Financial terrorism
as well it’s obviously failing on those
fronts right so you know where this go
or or or is it taking taken over by the
FDIC like uh is spoken about in the
stable coin legislation we’re aware
of and then brought under credential
regulation I don’t know the
answer but I know something’s coming and
if they wanted to rectify this market
and get rid of a lot of it and wash it
out getting rid of tether would be the
way to do
that be very uh uh aware of where your
positions are in your portfolio
this here is a clip uh just a comment
here from Eric Van miltenberg from
Ripple and he says that uh stable coin
is a natural extension of what we’re
trying to do and I love it he says here
he explains the introduction of stable
coins and other blockchains like polygon
in the LA in the past have increased the
level of total value locked on the Chain
improving trust in the blockchain these
stable coins are an important ongoing
ramp and offramp into the system he said
says it’s kind of a rising tide it lifts
all boats introducing highquality stable
coins into The xrp Ledger ecosystem is
going to be good for that community and
will be good for xrp as well and if we
see the United States government and the
Secret Service which is already working
hand inand with tether shut tether down
couldn’t we be watching a flood of that
market cap of 109 10 billion plus pour
into the legitimate regulated stable
coins and network and ecos
system and voila you have the regulated
internet of
value
right and this is safe to use this xrp
Ledger the ethereum network because a
stable coin will be there as well and
then other networks and protocols can
begin to connect to that
interoperability of that ledger right
because the xrp Ledger also acts as a
decentralized exchange I don’t know
these things are starting to take shape
it looks like it makes sense for now
we’ll
see now the US government May favor
Ripple stable coin for domestic
transactions and ripple aims to balance
xrp and stable coin use in crossb
payments very quickly here there was an
exchange online here on uh Twitter te
crypto spot uh says here is this
basically Ripple now saying for us
International payments we do not need uh
the xrp token anymore and we won’t need
it for conversion of the USD into
recipient native currency explain it to
me like I’m a toddler because I’m not
the sharpest sometimes laugh out loud
well first of all that’s not true T’s
crypto smart he’s smart he’s smart guy
so he he he playing a little little like
crazy like a fox here a little bit the
way it seems to me right but
nevertheless he called out David Schwarz
and got him out of the shadows and David
Schwarz responded and says the idea is
to get people using payment software
that can settle with
xrp then there’s no reason for them not
to settle with xrp where it works best
it would be kind of silly to try to get
people to use a solution where it’s
inferior where xrp works best we don’t
want any barriers to people using it and
getting the best experience where xrp
does not work best we don’t want people
using it just to make us happy and
suffering an inferior experience or
Worse economics there it
is and that’s exactly how I understand
it too the native tokens on The xrp
Ledger if this is done right to if I
understand the vision right is cbdcs and
stable coins those are the native
tokens on The xrp Ledger xrp just is
used where applicable and when the best
outcome is possible and that’s the best
case scenario you don’t want to force it
to use it even when they don’t need to
now I’m going to give you just a piece
of this listen to this from different
third party analyst groups and uh
nothing is more important to us um than
the Partnerships that we’ve built with
different countries we’re we’re honored
to be working globally with uh many
central banks I think we’ve we’ve
publicly released uh six uh governments
that we’re working with most recently we
announced a partnership with the
National Bank of Georgia we’re honored
to be working working with them uh we
have uh several others that we working
with uh privately um all of those
projects are uh unique and different for
for us um they’re a fabulous opportunity
to go in and learn about the country and
um offer our solution um to uh to their
cbdc uh objectives and it’s interesting
to me because you know I mean if this
were to work out in the grand scheme on
a on a on a a grand level here you know
I could see I could definitely see a
situation where you know xrp Ledger
builds the liquidity Bec the you know
desired networker protocol largely here
and Stellar too right you know you know
I I don’t know I I see a space really
coming together at this point and listen
what Maxine Waters who has been holding
up stable coin legislation for two years
in the house after saying that they were
you know she soled no problem a
bipartisan effort then she decided to
hold it up but now listen to what she’s
saying here what of the things about
this bill it’s it’s been very
complicated we have so many entities
that are involved uh we have uh the feds
we have the treasury we have the White
House everybody has had something to say
and we’ve had to recognize all of those
concerns but in doing that in the final
analysis it’s about making sure that
investors and that the people are
protected and that we don’t have uh you
know a stable coin Bill where people who
are you know basically the companies
don’t have the assets that they say that
they have we have to ensure uh that they
have those assets to back up stable
coins we are talking with the Senate
side we’ve met with Schumer I’ve talk
with shered brown we’re on our way uh to
getting a stable coin bill in the in the
in the short run
ah now all a sudden it’s coming ladies
and gentlemen well this is super
interesting to me because this is Lauren
bive uh the head of public policy in
government for ripple and uh
interestingly
enough she’s sitting at this table with
so many important people and all of
these people are very very very
important people but this is her right
here head of public policy and
government at R Ripple sitting right
there just two seats away from Nelly
leang under secretary for domestic
Finance at the US Treasury and Paul Wong
director of product cbdc institutional
assets Stellar development foundation
sitting right
here this is the stuff that just
fascinates me when I see stable coin
Bill getting so close and these two
people sitting at the table with the US
Treasury under secretary and then
understanding that for years we have
known that Craig Phillips Susan fredman
Rosie Rios Michael westbar all from the
treasury have come through the Ripple
Camp some are still
there I can’t help you you know at this
point everybody has to figure it out for
themsel I figured it out for me this is
what we’re waiting
for and it is clear to me that Ripple
and I believe Stellar as well will be a
part of the interworkings of the finan
ccial system as it transforms with the
introduction and the uh integration of
distributed Ledger technology and
digital assets and iso20022 that’s where
we’re at ladies and
gentlemen not Financial advice of me or
anyone else is just my digital
perspectives we’re going into the
freedom zone right now ladies and
gentlemen and you’re going to want to
join us for it too we’ll see you in the
freedom Zone come on
in all right welcome back

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I’m not a Licensed financial advisor. All videos on this channel are for educational purposes only.You should not buy,sell,or invest in any asset based on what I sayin these videos.You should know that investing