Ripple/XRP- Robinhood + Coinbase=New Lawsuits, Ripple Case -Appeals vs SCOTUS?, XRP price $1-$1.88?

Ripple/XRP- Robinhood + Coinbase=New Lawsuits, Ripple Case -Appeals vs SCOTUS?, XRP price $1-$1.88?

welcome back to the show everybody xrp’s on the Move we’re at 56 cents how about that one we’ve got 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 follow us on Twitter Youtube and dig prospect.com for exclusive content right now $2.47 trillion market cap for crypto and even though the market is off 1.5% which is what’s so interesting about this xrp is up xrp is up we’re 55 cents actually 56 cents on Fiat link as you’ll see in a minute 5.2% in the last 24 hour out of the 8.7 on the S day so in the last 24 hours xrp’s been out for a job take a look for yourself we’re headed towards 57 CS what’s going on here look at the this is flying off the shelf look at these orders right here look at all of this taking place you can see where the volume’s going head on a swivel ladies and gentlemen we got a lot to go over today look at the line that was in place for xrp Las Vegas it took a minute almost two minutes and shout out to Trey from xdr or xrp lhq and on XR xdc we love him he was a moderator on one of our panels so shout out to Trey and this line line is remarkable and everybody was just excited to get into the room and to get into this event and I see so many people in here that I know in this line it’s so wonderful but everything went really good this was pre before the doors open here and things were really really taken off now you have to remember this is on the first floor this event was on the third floor so if that give you any kind of notion of what was going on on the day so this was really really a remarkable event and I just I’m super grateful as you guys know there’s no question I am super grateful for everyone who attended and speakers and sponsors alike and by the way if I could just go back very quickly I want to show you [Music] this one second let me mute this really quickly here because I want to show you something right here and it is there’s Bradford right there and right here this guy and his mom Adam and his mother are some of the most beautiful people I’ve ever met in my life and they were trying to get here now his mom had clearance to come they’re from the UK but Adam needed his Visa clearance and he didn’t get his Visa clearance until less than 24 hours before his flight was planned to leave and you know it was just it meant so much to me because I know how stressed he was uh you know trying to come and to be at this event and I I just was so elated for him I I almost broke down because I knew what it meant for him and for him to get that clearance he was so anxious waiting to find out if he was going to go I mean it was down to the wire just hours before his flight so it was really extra special and this is the kind of stuff that people do to get to these events and they’re really glad when they do don’t believe me ask Adam and his mom love you both it was so great to meet and spend time with you I want to point this out because we have to remember not only is crypto in a fight but so is America America in is in a fight to keep and retain its values and we can’t can’t do that when we have somebody like here like I Chuck Kane who is the Nick Nikki Haley of Massachusetts which mean he’s a ploy he’s a plant he’s not who he says he is he claims to be a republican but here he is swinging it up you know having fun with none other than the Despicable Elizabeth Warren who has been near feckless except for causing Division division is something she’s actually very good at bringing people together not so much she’s only had one piece of legislation with her name on it go through in the last 12 or 15 years she’s absolutely feckless unless you’re trying to create Division and these are the people we need to send packing I Chuck K’s along with it and we need to put John Deon in their place that’s what I’m telling you and this is what’s going on here and they claim that oh John Deon just moved to Massachusetts well you know why John Deon moved to Massachusetts recently because he’s a leader nobody asked him to fight for the xrp Army and he did and nobody’s asking him to fight for Massachusetts he knows he need need it and he’s coming and that’s what a real leader does and I bet you Massachusetts going to love it when they figure out who he is I have to tell you before we get on to the news and we have some incredible xrb news and and and uh digital asset news today I had one of the best conversations and I mean this blockchain backer that was one of the most incredible conversations I’ve had over the entire weekend and I have been long time wanting to have a meaningful conversation with you and selfishly because you’re a drummer and I’m a drummer too and we got to geek out a little bit at the Afterparty with your wife she was wonderful was such a pleasure to meet her but I have to tell you you know uh blockchain backer said something a few weeks ago about a gap in the community and blockchain Backer was absolutely right and I made a promise to him and I’m keeping it right now that I I am inviting him to come on to the show and we’re going to show this community exactly how to come together and I have what I believe is a huge answer for the entire development Community all the developers calling all developers I have what I believe is an amazing opportunity to fill that gap for funding and to help close that gap for all of you that are going to be the next Google the next Amazon or whatever it may be I have a plan to build a bridge and bring you guys into the fold of xrp Las Vegas get you the attention to your projects and help you find the funding write it down I don’t say these things unless I mean them and I mean them and I know that blockchain backer means the things that he shares it meant so much to me to hear his points of view from feedback he’s hearing from the other half of the community and it meant so much to me because he’s so great at articulating these things for the community and the things that he’s observing right and he did such a great job sharing those points of view of others that I really took it to heart and I am I am committed I am committed to helping close that Gap I want to say it and we have the power of xrp Las Vegas not just our channel here but xrp Las Vegas that I want to bring to that commitment and we’re going to do it the right way and we’re going to make sure that we help Mass adoption on every layer when it comes to this I appreciate you man look forward to him being on the show this here is David Schwarz we all know he’s a legend and you know what this is a legend clip now I’m not going to play the whole 11 minutes but I do want to give you the first couple minutes because it’s about automated market makers and I know a lot of people have trouble they struggle to understand these things the concepts of how they work and operate and uh nobody’s better to say it than David Schwarz and you’ll certainly be more confused if I say it so why don’t we hear him break it down let’s talk a little bit about the importance of automated market makers also known as amm so what is an automated Market maker so an automated Market maker is something that that sort of adapts the time between buyers and sellers these exist in many traditional markets if you have a broker and you go to buy stock in a publicly traded company like IBM there is a healthy order book of people who will buy the stock from you and people who will sell the stock to you and there are professionals whose job is to make sure that that market exists they trade on um these the exchanges and they generally get preferential access to the exchange in exchange from committing to keep those sort of spreads tight on the market an automated Market maker is the decentralized version of the same thing it’s always willing to buy and sell an asset so that if I want to buy an asset today and maybe Rachel wants to sell it tomorrow I may not wait want to wait until she’s ready to sell and she may not want to wait until I’m ready to buy so an automated Market maker has a pile of two assets let’s say USD and xrp and it’s always willing to buy xrp and it’s always willing to sell xrp at some price so that other people can trade whenever they want but there’s another important thing about automated market makers compared to like the more traditional market makers because the automated market makers are implemented on decentralized blockchains you can participate in an automated Market maker not just by trading with it but also by a sort of the equivalent of lending and assets so remember I said the automated Market maker has to have some USD so it can buy xrp whenever someone wants to sell it and it has has to have some xrp so it can sell xrp whenever someone else wants to buy it what an automated Market maker does is it makes a return it generates revenue from various different mechanisms including the spreads on its trades and if you lend it your ass your xrp or your USD or both then you own a sort of share in the automated Market maker and you you benefit from the trades that that automated Market maker makes and one of the things that I’ve noticed in the space is that a lot of ideas that don’t seem that interesting from one side are are very interesting from the other side like for example there are these lending protocols that are mostly so that like rich people can spend their Bitcoin without having like in to pay income tax that’s not super exciting right like you can borrow against it and that’s not taxable and like really rich people want to hold their Bitcoin they’ve made millions of dollars and now they can buy groceries without paying taxes that’s not super exciting but on the flip side of that is someone who’s lending the dollars that has a very valuable collateral who’s has a secure loan that they’re making an interest rate on and that person might have had no ability to get a return on their assets the counterparties to the amm Traders and maybe you don’t care about Traders and speculators being and arbitragers being able to make money but it’s interesting that you have a way at a fairly low and well understood risk to get a return on your assets by participating on the other side of the there you have it and I tell you what I don’t need to add a thing to it it’s David Schwarz you just got it the way it is the only thing I would say is what’s so exciting here is that the bigger the the tvl gets in these automated market makers you know to supply the market with the ability to make transactions without having to go to centralized order books the more amazing this becomes because that’s the vision that’s the vision and we’re watching this happen I’m super geeked out excited right now I really am but you know what we got to pay attention because this is what has happened to the old system I want you to listen now to Jared Bernstein my God shout out to Chad Stein grber and radar hits for this one this is the chair of the Council of economic advisors president for for President Joseph B Joe Biden Jared Bernstein I want you to listen to this and I want you to tell me about what’s going on here this is our US Government can’t go bankrupt because we print our own money currency I can’t even this is unbelievably hilarious and scary I might add Chad right give Chad a follow the US government can’t go bankrupt because we can print our own money it obviously begs the question why exactly are we borrowing in a currency that we print ourselves I’m waiting for someone to stand up and say why do we borrow our own currency in the first place like you said they print the dollar so why why does the government even borrow well um the uh so the I mean again some of this stuff gets some of the language that the mm some of the language and concepts are just confusing I mean the government definitely prints money and it definitely lends that money which is why the government definitely prints money and then it lends that money by uh by selling bonds uh is that what they do they they um they yeah they they um they sell bonds yeah they sell bonds right because they sell bonds and people buy the bonds and lend them the money yeah so a lot of times a lot of times at least in my year with with mmt the the language and the concepts can be kind of unnecessarily confusing but there is no question that the government prints money and then it uses that money to um uh uh so um God yeah I I guess I’m just I don’t I can’t really talk I don’t I don’t get it I don’t know what they’re talking about like cuz it’s like the government clearly prints money it does it all the time and it clearly borrows otherwise we wouldn’t be having this debt and deficit conversation so I don’t think there’s anything confusing there boy how scary is that right how scary is that it’s unbelievable this is you can see it right here the chair of the Council of economic advisers this jackass can’t even explain money Printing and borrowing the own money from the country my gee this is why you know I get excited about automated market makers because I know that they got a bunch of people out here that are absolutely crazy they don’t know what they’re doing well not crazy but they’re just they don’t know what they’re doing they’re not fit for the role that’s the bottom line they’re not fit for the role this guy can’t even explain the basics of the monetary system for God’s sakes uh something has to be done and in order to get a new Financial system there’s going to be a com combination of precious metals gold and commodities alike in order to bring all of this together and I can’t play this clip for you because I don’t I couldn’t get it to get sound so I don’t know if there was no sound on it originally or what happened but I wasn’t able to get sound to play but shout out to Rob Cunningham give him a follow obviously on that and then here we see Ripple Reese Merrick at SW and we announced HSBC one of the largest gold bullion providers is tokenizing gold utiliz Ripple custody Solutions this is why we have a gold panel because we know there’s going to be this huge cooperation between using precious metals and commodities to underpin the new Financial system don’t believe it it’s still true listen to Ripples ree Meritt um you know at Swell last um in you know in November we were able to announce that HSBC who are to you know the large bilon provider globally one of the largest buan providers globally are tokenizing gold right and they’re utilizing our custody solution to do so so one the luxg exactly so we have we acquired meico grade Enterprise grade um custody solution working with um top financial institutions and and from our perspective it’s been you know a w a win-win both taking those customers forward expanding the business and being able to Drive new business de wonderful and it is happening that’s proof that it’s happening and let me tell you something else I got to meet this OG right here if you ain’t giving him a follow it’s Bank xrp what a beautiful guy and what he has done for so long for this community my gracious man and to finally close that Gap and get to meet and I got to spend time look I gotta be honest I was fanboying a little bit I’ve been following Bank xrp since before I was even a YouTuber man so you know you know for a lot of people there’s like a big deal that you meet you or Dai or other you know ml markets or Zach or all of us right you know but it was extra special man I got to meet Bank xrp you know what I mean but I got so jacked up I forgot to get a picture so Bank we got to fix that it happens when you get a little star struck you meet somebody you’re like you know what now I forgot to get a picture so we we’ll take care of that bik I promise I promise um Ron Hammond shout out to him being asked here about all of what’s going on in the Ripple uh versus SEC case take a listen to this and this is really this sets everything up where we’re going for the rest of this video you’re going to want it where would it be good for the crypto industry as a whole where would that where where would that fine have to land to say okay that’s a good win for crypto in general but uh I personally I’m not a legal expert here so I won’t pontificate of like what the you know penalty should or shouldn’t be but at the same time the industry is playing offense and I think that’s good to have and you know Ripple to their credit was the first one to play offense and fight the SEC and show that it’s possible um but it’s crazy how much money that these companies have to spend to defend themselves and again if R does get a fine or not but the amount of money and again we’re talking in the tens of millions hundreds of millions sometimes to defend themselves um that’s what it takes to operate in the United States and that’s a really sad reality uh and I think that if you know Capital Hill understood that a little more um I think it’d be you know at least a wake up call do something here because the only folks getting a lot of money out of this is the lawyers and we have some really great ones but at the same time it’s crazy how that’s cost of doing business it’s just how much legal battles you have to fight here whether Justified or not uh I I think Ron’s got it right here and you know obviously super sharp man Ron’s so smart look um you know he’s pointing out the obvious here that this process of just you know uh you know regulation by enforcement is crushing the companies that don’t have the the money to fight and that’s a part of the attack mode that’s the reason the SEC is doing this so they can crush the smaller companies that can’t afford to fight and they just scream I want to settle I talked to a former Securities litigator that said that about their own clients even he’s like you know we get excited and be like hey we can beat them on this issue and they would their clients would say no no no we don’t want to beat them we have to continue to work with them after this case is over just settle just settle right because of the fear of angering this regulator that not only is there this issue in front of us but they’re the regulator that has to continue to oversee us in our Market that we’re in so we don’t want to upset the apple cart that’s normally the approach when it comes to the SEC and now we’re down to the ripples the circles the upholds and all the other Behemoth out here that have to really put up that fight not that circles in it at the moment but and I don’t expect him to be but you know uh coinbase and ripple and grayscale everybody else who’s been in a fight and it’s not over yet and it looks like ethereum has just gotten herself a seat in the boat as well now we see this the SEC files a lawsuit against Robin Hood’s crypto business issuing a whales notice to the company again it’s continuing they got the money and thank goodness because they’re going to need it now this from Elanor terret is a reminder remember the hack that happened to the secc back in January 9th well she’s following up in the latest update from the agency on January 27 second stated that it was working with the office of the Inspector General and several outside agencies including the FBI about the incident but apparently in 23 the SEC oig got an independent company to look at this information security program which includes cyber security infrastructure security and found it was lacking the report is buried on the sec’s website and dated December 20th 20123 the hack resulted in reported losses of around $90 million in Bitcoin liquidations according to coindesk gendler also did not mention this report in his response to members of Congress regarding the hack imagine what the SEC would do if a public company knew vulnerability didn’t correct it and then got hacked will the SEC have any repercussions the full report is in that post then we see this here we go the plaintiffs and now we see a new lawsuit against coinbase claims that algo xlm salana monomatic near uni xtz our Securities here we go from Mason Versa Lewis here uh and then we see Bill Morgan here the plainist are losers who knew crypto was speculative but want to sue someone for their failed speculative Investments so it’s a bunch of trp dump mess is what this is he’s saying so nevertheless the fight and the battle continues once this suit goes into place it is now a matter for the courts and we all know how ridiculous this is the c c could clearly put a bullet point one pager on their website offer a Safe Harbor and we could be Off to the Races the next day it is Despicable what they’re doing I want you to listen to this speaking of well let me play the clip and we’ll get to it here speaking of uh secondary exchanges which you just mentioned um it it reminds me of the other big legal Domino that has yet to fall and that the Ripple case right which focuses specifically on whether xrp is a security right uh it seems like in that case or in some related cases on that topic uh the courts can’t agree on what the right approach is I was a little surprised by that um in reading for example judge torres’s you know opinion one of the first ones that came out um you know Neil can you explain what’s going on here because this is pretty confusing in fact it almost represents to think a lot of other people that uh there is not a single way for the SEC to look at this yeah I think you know you’re you’re absolutely right M that this has been an area of like judicial disagreement in and and it’s funny because all three of the judges who who are relevant here are are in the southern district of New York so like in a single federal district the judges can’t agree on on on what uh how these secondary trading uh how the secondary trading of crypto should be treated and and it’s helpful maybe to just set the stage a little bit here and and say you know the question here is Judge Tores says you know in the primary offering of xrp people know they’re buying from Ripple and they’re relying on Ripple’s efforts to make a profit for them so that makes it a security but when you’re buying on an exchange you don’t know who you’re buying it from they’re these transactions are what she called Blind bid ask transactions by often very unsophisticated investors who who you know aren’t parsing the the marketing or or stuff like that very closely they don’t have any expectations in the same from Ripple in the same way to judge Torres that primary purchasers do so she says secondary trading of crypto is different and doesn’t involve Securities but then you’ve got judge raikov in in in the terror in the terror case which which involves dwan and and and and then you’ve got recently U judge FIA in the in the coinbase decision and they both take the view that no if you look at the amount of marketing that these crypto companies are doing and the kind of marketing they’re doing they’re reaching both primary and secondary investors and so secondary trading of crypto is also Securities trading and so they disagree with with with with u judge Torres so I think it’s inevitable that this is going to go to the second circuit and and maybe even further uh and maybe even further means the Supreme Court as we’ve said who knows but uh so there’s a lot left to go in this in this particular uh in this particular decision just like with coinbase I think it you could see it go all the way and I think the other thing that I would I would sort of say here is that the SEC doesn’t see the I I think the SEC doesn’t necessarily see the Ripple case as being a failure of its theory that that secondary trading of crypto is uh Securities trading they just see it as maybe we couldn’t put forward the evidence uh sufficiently well to to convince the court and we’ll fix that at the second circuit level so you know again just to eoda lots of lots of litigation left lots of litigation left and that’s why I believe where he’s they mentioning the idea of under or at least the understanding that you have these disagreements within the same circuit about how this stuff should be looked at viewed and treated right so this is one of those things that goes to appeal and if it doesn’t get solved there it’s going to the Supreme Court but it doesn’t mean that uh Ripple can’t continue to grow it doesn’t mean that xrp adoption can’t continue to grow of course it can and we’re going to do everything from this channel to do that as well as effect policy for the entire crypto space so that America can continue to be a leader in the fourth and Industrial Revolution right here we see very quickly before we get out of here boy do I like looking at these charts with xrp moving today he says egg rag crypto give him a follow 53 to 58 cents and we’re close to it right is crucial is crucial recent weeks show a strong base forming hinting a potential bullish run starting at 58 to 58 cents we’re at 56 ladies and gentlemen 63 to70 cents make a sentiment shift monitoring this this range volume provides insight for seizing price opportunities and managing risk 75 to 85 cents will signal a start of a bull run if we close it uh weekly above weekly and it says here a monthly closure will Mark the end of an era below $1 did you hear that let me read that part again very quickly here uh we will 75 to 85 cents will start the sign will signal the start of a bull run if we close above it weekly and then monthly closure above that will Mark the end of an era below $1 how about that one hello 93 cents to $1 is where the emotions Clash fear greed anxiety overconfidence a monthly close Above This range could mean saying goodbye forever to prices below a dollar whoa followed the technical analysis not emotion stay disciplined and avoid letting emotions dictate actions trust the charts he says I tell you well you know what we are and while we’re trusting the charts and just letting them play out the way they need to you can see all these areas at he highlighted I’m super excited that we’re all here on this journey and dark Defender Echoes something similar here but goes more macro with it and says enges ready for xrp getting back into the triangle as you can see right here road to do88 watch out ladies and gentlemen this is super exciting listen we’re getting ready to go into the freedom Zone and boy if we got something for you today today it’s the food supply and you won’t believe it they’ve already captured a huge part of it and we’re going to show you exactly how they’ve done it right now in the freedom Zone not Financial advice for me or anyone else come on in dig perspectives. click the freedom Zone all right

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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