 Great welcome digital asset news take a top stories in crypto and break them down into bite-sized pieces So today just the thumbnail suggests we're gonna take a look at why the things that are being asked for by the government are literally Impossible to do and we're gonna take a look at the reason why it's impossible for the things that being asked for and why I think we're gonna win these crypto regulations It's because of ignorance and just ignorance and just the ability or the inability to educate themselves about what's going on We'll take a look a little bit of history as to how that could really affect us also take a look at what I call clown news Where the US is trying to pass another bill and it doesn't make any sense Me how what they're doing and lastly we'll take a look at a cardinal price prediction But be careful because all price predictions are just are just that predictions and nobody knows But there is one thing they talk about they do have a good point and at the very end We'll do a little Q&A so hold all your questions till the very end and then as you may notice We're in a little bit of a different location This is in my living room because right now they're doing construction outside pretty loud and as much as good as As Mike is it would still pick up a lot of the noise So no one wants to hear that so real quick if you're here for the live show Hey, thanks for stopping by so early or late depending where you're at for these live stream But if you're watching the replay Just know that there'll be timestamps below so you can fast forward go ahead all that good stuff the news takes around 15 minutes Then the Q&A we do it really quickly. We do five questions in five minutes So shouldn't take too long and hopefully we can pack in some really good stuff So having said all that let's get into the first part, which is the market itself So today's a bad day. I'll just be honest with you. It's it's real bad. It's not real bad I've seen worse go back to March 2020 when we dropped like 60 percent 70 percent in like 48 hours or something like that for that thing called coronavirus is Bitcoin plunged to around I'm gonna say three or five thousand just ridiculous and today we just Continue on this downward slide and I can understand how When you're new to this space, this is scary stuff, especially if you just got in 2021 I feel you I was in the same boat in The beginning of 2018 after I got in to bitcoins all-time high and I can just tell you from experience that if you don't like the prices just wait because they do change and This is another example of these days of when things are going down You're gonna hear a lot of people say by the dip well It's real hard to buy the dip if you haven't taken any profits if you haven't taken any profits That's an issue. So I'm going to be reiterating the fact of what goes up And it eventually will go up must come down So during that time probably not a bad idea to take a little bit of profits. This is not investment advice It's just investment opinion, but this is what we got. So today Bitcoin's down a theorem really down 5% Finance coin Cardinals down 4% look at these numbers over seven days Then we really took a massive not a massive pretty big hit I mean if you're from traditional finance, this is like the worst day of all days But no, this is we just called this a Saturday. So yeah, 6% 5% 10% some down so on and so forth So the question is how do you see this? Do you see this is the worst thing of all time? We see this opportunity. There's always two sides the same story Also, we take a look at the S&P 500 because unfortunately we are tethered To the traditional markets and yesterday they took a big hit I mean for them 0.72 and 1% down for his Nasdaq. So how awful is that? So, yeah, I feel your pain I've been going through this pain I know how it is and the reason why it doesn't affect I I still remember what it was like going through these days so again There is no get rich quick scheme There is no free lunches and it's just one of those things where the real question is and Peter Lynch even said it He said everybody has the mentality Investments but the question is do you have the stomach and that's really what it comes down to so it's got check time And the only you can answer that so let's get into it. Let's talk about a Whole point of this video. This is gonna go a little bit deeper than usual and I just want to start With this a little history So I know Most of you Some of you I can't say most but some of you don't remember what it was like when the internet was coming around But I do because I'm old I remember these things and one of these Was articles like this and we really do think this was gonna happen Telephone industry moves to ban internet phone software ask Alex Mishinsky over Celsius He was part of this growing VOIP voice over internet protocol and when things like this came out We're like, yeah, they're gonna they're gonna ban it because how in the world would we be able to have I mean It sounds ridiculous right now, but phone service or talking to somebody when Institutions when corporations when governments they kind of control everything how are they gonna let us do these types of things? Well, the reason was is because when people get together they can do some pretty amazing things and here's another another example So this actually came out in 1996 When voice over internet protocol was coming about and of course this went to many different layers or levels of The court system until they finally won and it was one of those things where people like we don't think the internet's gonna last Well, it did and it worked out pretty well in a long run and also If you take a look about what's going on now, this was I mean just in just in Russia alone Russia actually gets it Ukraine just got it India is understanding the EU is getting it and I think America is really on board banning crypto is Like banning the internet. So good luck with that. I mean now if you were Like in China, of course, you can do whatever you want to do because of the way that it's all structured And of course people will say well, Robby understand because the government do or that No, they can't do whatever they want to do the remember the government works for us and people say well That's naive just wait. So this comes down even the Finance minister says we can't do it. So the best we can do is hope to regulate it. That leads me to my next point Which is the whole point of I don't think that These regulators get it. They just don't understand what they're up against and it's already too late in 2014-15-16 you probably could get away With with banning crypto, which would be Bitcoin back in the day because there wasn't enough traction There wasn't enough people into it There wasn't enough nose and they could have really shut it down But now you can't put the genie back in the bottle and I think the problem here is that They are trying to control what they can't control. So here's a little example. This is from the Ontario Canada Superior Court of Justice and what this is this is a Mareeva injection which is mains means that they want you to freeze accounts and they sent this to a lot of Different wallets out there and these wallets. They said look We want you to do this The court orders that the entities listed and scheduled be apparently nunchuck as well as any banks financial institutions money service businesses Fundraising platforms or websites crypto exchanges or platforms or a custodian of any crypto wallets keyword Shell upon being provided with notice of this order right now Freeze and otherwise prevent any removal dissipation alienation transfer assignment Incumbent transaction or similar dealing with any assets to this order This court orders that the intermediaries intermediary shall Fourth with disclose and deliver up to the plaintiffs any and all records held by the intermediary concerning the Respondents assets including the existence nature value location of any monies or assets of credit So basically they're saying like this look give us all the information freeze their accounts because we want you to do it And this is a court order Here's the thing Now I need to make this abundantly clear This is a government agency This is the Ontario Court of Justice where they have I would assume sufficient manpower and a lot of people that would stay up at night Doing all their due diligence and research to understand exactly what crypto and digital assets could potentially do in the market itself so they should have a Concrete understanding of exactly how this works. So when they send out these types of notices They should be like yep, we can do it legally. We can do it and it should be done because we say it can be done and We put all the time in to do it. So here's the thing It's not the that's not the case and actually nunchuck, which I think is a funny name for a wallet They they told them this let me blow this up Like I say dear Ontario Superior Court of Justice nunchuck is a self custodial Collaborative multi-sig Bitcoin wall like a lot of wallets are out there a lot of wallets out there We're a software provider not a custodial financial intermediary Which is kind of weird Because they pretty much said you're a wallet give us all the information our software is free to use it It allows people to eliminate single points of failures and store Bitcoin the safest way possible while preserving privacy again I don't think they understand exactly what that means. I think don't they they understand the whole point of the blockchain I don't think they understand exactly how everything works and that's just ignorance We do not collect any user identification information beyond email. We also don't hold any keys Therefore, we can't freeze our users assets. We can't prevent them from being moved We do not have knowledge of the existence nature value location of the users assets This is by design and this last sentence really sums it up Please look up how self custody and private keys work When the Canadian dollar becomes worthless will be here to serve you to sincerely the nunchuck team. So look When it comes down to it These agencies and the people that the regulators that are actually out there They should have a solid understanding of exactly what's going on, but they don't They don't because of whatever reason it is and I think if they did understand They wouldn't waste everybody's time by trying to put out any type of regulation or these types of notices That cannot be performed because it is impossible to do and I will say this I was complaining yesterday or two days ago about how I was really really bitching about it But how many different wallets are out there and I said damn it You know, I wish they would just have one or a couple wallets to actually do these things And now I realize just how wrong that was we really should be embracing the fact that we have so many wallets out there Because if we have one wallets to control everything, that's just one point of failure. So yeah, bring on all the wallets I know it sucks, but you know what? You know what really suck having everything frozen having your accounts just not have access to it and just getting shut off And we don't have shut off to the monetary system. What do you do then? Wow? That's the whole point of wallets So let me just think about that in the comment section and then there was a This other piece I wanted to to bring to your attention, which really kind of brings it home. This was a statement From Jesse Powell, you know Jesse Powell. He is the CEO of Kraken and it goes like this It was a big long thread But the question was posed to Jesse not just Powell CEO Kraken was Is it possible that Kraken would put in a position where told the freeze assets by police without judicial consent? And will you comply and Jesse Powell said 100% yes It would it has and will happen and 100% yes We will be forced to comply because they are a sec a CEX a centralized exchange. They're not a wallet They don't they store everything custodial wise. So yes, they're a point of failure If you're worried about it, don't keep your funds with any centralized regulated custodian We can't protect you get your coins and cash out and only trade P2P or peer-to-peer So that really drives it home This is the CEO of a centralized exchange telling you if you don't like it and take it off the exchanges If you're worried about it, then you can't keep it here. I got to respect somebody that builds an entire Multi-million maybe a billion. I don't know Kraken does pretty good a lot of volume and just says hey If you don't if this is some of the concerns that you shouldn't be using it and just go someplace else You got to respect somebody who's like shooting himself, you know, biting my hand that feeds him essentially, but he's right so The thing I'm saying here is again, it's very hard to regulate things You don't know it but just so you understand that yes an essential as exchange they can and they will do these things It's not a fear mongering type of thing. I'm just telling you that is the truth So if you don't like it, this is one of the few times in the history of the world Where we actually have options, you don't have to rely on fiat and that's why all the gold bugs talk about so much gold and things like that I have gold and silver. I don't see why they can't have Bitcoin to I own three gold silver and Bitcoin I don't get it but whatever all right, and It was one more piece though. I thought this was interesting which was Just as a reminder I Know these are the place to try to ban it but at least on on one point I will give it this up to the United States at least the the Federal Reserve has said hey We have no plans to ban Bitcoin and crypto which is good But again, you have to understand there's always a story behind the story So look at that and then there is of course This is gonna be coming up pretty soon Biden and his agenda and remember this is just I think it's interesting that When you come back To hear and you just see how How Ignorance and it's it's not a it's not a a derogatory term. It's just you you are ignorant if you don't have the correct facts how the Ontario Superior Court of Justice thinks that the wallets can be shut down. So I have to applaud oops Joe Biden here by saying hey, we don't want to be too hasty Let's get everybody together and get the State Department the Attorney General the CFTC the SEC The SFO see and any kind of kind of demonic you want to use and put together a commission and see where we actually stand here And the best way to do these things. So at least they didn't come out and say, okay Let's just get rid of everything at least they're putting together task force and still and so forth So again, let me know what you think about that in the comment section Let's get into Ah The clown news so the clown news I Put these things out because you have to understand that again some people just they don't get it And this is another example of such things. So US lawmakers introduce a bill to mitigate risk from El Salvador adopting Bitcoin as legal tender They want to do this For El Salvador. Okay. Here's what's going on. So this part right here. We've got US concerned about risk from El Salvador's Bitcoin law. Why are we concerned about this? Here's why do they say? US Senate Committee on Foreign Relations introduced a bill titled the accountability For cryptocurrency in Salvador acts. Well, isn't that great? Senator rish commented El Salvador's adoption of Bitcoin as legal tender raises significant concerns about the economic stability and financial integrity of a vulnerable US trading partner in Central America. Well, that's nice. Look at us looking out for other people This new policy is the potential to weaken US sanctions policy. Aha Aha That's a big thing. It's tough to impose sanctions On a country that has gotten off the US dollar Tough to do. Let's just be honest and before anybody asks. Yes. I am an American This is empowering malign actors like China and organized criminal organizations. That's pretty that's good lumping in China and criminal organizations. I mean They are countries. So what are you gonna do? Our bipartisan legislation seeks greater clarity on El Salvador's policy and requires the administration to mitigate potential risk to the US financial system El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines US interest before we go on I need you I need you to help me because I can't do this by myself and what it is Is that you're going to hear this a lot? Cartels laundering money and we all know that it is the problem and if you go and tell somebody that's not true You need to back it up with something. You just it just helps to do that. So there's two things that I put in the description this is from Beacon global strategies and this was written by Michael moral. He's the senior counselor Beacon global strategies. He's not just some guy. He's the forming acting director Deputy director and director of intelligence at the CIA so Guy's got a pretty good handle about how to grab data And really get some information out there and there's just one part here. I'll just scroll up here Or it gets to And he says this Based on our research and discussions with industry experts, I have confidence in two conclusions One the broad generalizations about the use of bitcoin in illicit finance are significantly overstated like laundering money like Funding terrorism and such and you know, of course tax evasion The blockchain ledger on which bitcoin transactions are recorded is an underutilized forensic tool That can be used for more widely by law enforcement and the intelligence community to identify and disrupt illicit activities But simply blockchain is a highly effective crime fighting and intelligence gathering tool. When was this written? This is april 6 2021 And uh, he's right. First of all, there's two things he's right on You can also I also link this in the description below. This is by cypher trace And what they talk about is just how Ridiculous that close claims are so here's the highlights and you can read all 37 pages. Have fun But this one right here us exchanges sent 41 million worth of bitcoin directly to criminals in 2020 true 41 million dropping the bucket Cash anonymous of liquid has long served the tool for criminals despite illicit transactions making up less than 0.5 of bitcoin's yearly volume in 2020 So he's right on that and the second thing he's right on is why the fbi did this fbi to form digital currency unit just department taps new cryptos are this just came out a couple of days ago Just like what he said It's a great tool to use to understand illicit activity as forensics fbi is launching a unit for blockchain analysis and virtual asset seizure fbi's virtual asset exploitation unit So I think america is getting on board going. You know what? Maybe it's not such a bad thing. Maybe we can use this to actually root out These illicit activities because guess what if you are the bad guy the terrorist the the tax evader You don't want to put this on the blockchain because we just figured it out that guess what? It actually isn't a public ledger that everybody can see as opposed to the banking records Which we have to subpoena and do all that stuff and get those things and then of course That's where the whole thing money laundering comes from because we're going to use the usd l so That's that part Then to finish this up and this is the great part Responding the bill's introduction. El Salvador is president. I am naib bukeli nailed it tweeted Okay, boomers. You have zero jurisdiction on a sovereign Independent nation We're not your colony your backyard or your front yard stay out of our internal affairs Don't try to control something. You can't control mic drop So It all just comes together So again cloud news. I think there's some things that a little bit overreaching people have to understand what's going on And hopefully they can get those task force together with biden Let me know what you think about that in the comment section and that is it for cloud news. Let's finish up With a little sweet Price prediction So here's the thing I made some price predictions last year didn't work out too. Well, I called for bitcoin at 150k Then I loaded 200k. It didn't hit that I called for I did call for a chrono at three dollars and it did hit that and I said, well, maybe go to five That didn't work out. I did call voyager In january when it was 29 cents to go to 30 bucks I went to seven didn't hit that but there's some other ones that actually did Make out but I want to be clear on these things these price predictions. Nobody knows what's going on And if you Base your investment strategy about price predictions, I think you're going on the wrong path They're great for sensationalism. They're great for clicks. They're great for views But they're worthless almost However, there are some good points and I want to bring this to your attention I thought it was a pretty good one So this one right here cardinal price prediction actually came from here Cardinal to reach 58 bucks by 2030 according to finders poll So Cardinals future is bright according to latest latest analyst poll made by finder The comparison website and money app and it's latest cardinal central report blah blah blah And I'm like well first of all, who are these people and why they make these predictions and how do they get there? That's what I want to know because if you ask five people At a walmart, what do you think cardinals going? So go on the books, buddy. Okay. Let's put that out done That's the thing that I worried about So this is why I like to dig into things. So cardano price prediction for 2022 Cardano will jump to $2.79 by the end of 2022 according to finders panel of fin tech specialists First of all, who are these people? I don't know these people. Here's who they are All right. So you got Bahamad CEO of index the organizations are what's important coin flip roger international rogue ventures university of east london This guy's from actually from finder block ventures. Thanks for a group boss and trading company Decred, I don't know coin smart finder again finder bit bull capital So these are people that just aren't off the street. They're actually work in some part of the industry ear that traditional finance or Our spot crypto finance so What it says here, I was like, okay. Well, I'll keep I'll keep looking at here in july Our panel expected aida to hit a value of $7 by 2025 and then go to $26 by 2030 The panel now expects aida to hit eight bucks in 2025 and $58 by 2030. So here was the original one Hold on Nah, this is the new one the original one doesn't show up. It doesn't matter So again, they thought it was gonna $27 by 2030 now. They're thinking 58. So I'm thinking myself. Well, these must be like some super Moon boys Or cardano lovers or or or aida enthusiasts, but no, it's not Uh, the other end of the spectrum Balthas our CEO john Stefanitis know that sees cardano's price dropping slightly by the end of 2022 due to a lack of execution and poor tech private investor Veronica Mihai shares a similar view giving incrementally smaller price forecasts for aida over the next 10 years And she states unless they achieve great tech advances and a significant user base It may suffer the same fate as most p.o.s coins of mic The user base is why I think one of the biggest things cardano's got a thriving community Just like xrp and the xrp. All right, but sure and then joseph Uh, rizinski a tech and futurist at thompson reuters also points out the slow growth mentioned by harris He says I believe cardano will fade away in the coming years They have failed on their promise of delivery For the last several years. You got to tell me what that is in the comment section. I'm not sure about that I think they've done what they said they're going to do A little bit slower, but they did do it. But this is the thing since cardano's alonzo upgrade Its price has dipped. However, our panel is unable to agree on just what was the cost All right, the panel attributed the price decline to a myriad reasons including absence of market share in terms of tvl Saying it's just early stages post update general volatility and other reasons not specified so that you can take a look here But i'm like total value locked up. Oh, yeah. Oh, yeah. Is that true? Is that true? Actually, they do have a point on that one. So if you take a look over here That's a total value locked up. It's only like 125 million, but that's based get a remember Uh, we they cardano just released their first decks Well, actually their second if you count mooseley swap is the first mooseley swap and sunday swap, but they don't have by finance and meld Uh tallied in there should be some but it really is total value locked as far as defi goes. They're right It's not that much as compared to Ethereum 115 billion Versa 125 million Now, does that mean it's a ghost chain? Does that mean it's a scam? No, just means that they haven't hit hit it yet And I will say this if you're talking about total value locked up or just locked up on the on the blockchain This is from staking rewards and the top Well, I guess top three that are actually as far as like the mounts that that are staked Solana's number one That's 75 percent Ethereum 2.0 for some reason. I don't know how they calculate this is number two at seven percent all right, and then cardano That's 68 percent. So 68 percent of people are staking cardano, which means it's locked up Although you can take it in and out any way you want to As long as a bit different in ethereum 2.0 That's really locked up because you are stuck until e2.0 actually comes out which Who knows when that's going to happen? So Again for these price predictions just be we're wary about them. It was just interesting that they think it's going to go that high I don't think it's going to go that high But hey, who knows we'll see how it goes and that's my friends Is it for today? So look oh man that that took a long time. Sorry So took a little bit longer than I thought my apologies But now if you got to go somewhere it's the weekend go enjoy it Have fun. I consider To hit a like if you liked it if you made it this far hit the like button If you disliked it hit the dislike button But tell me why you disliked it as far as a comment and maybe I can change some things So that's up to you and then uh for everybody has to leave. Thanks for stopping by. I appreciate it Now let's do five questions in five minutes. Let's do a quick q&a, huh? All right Let me get this out of here All right Thank you. This is a crazy question Well, no this this one's a okay. Let's start with charles. Hello charles In your opinion, what's the difference between buying the dip? And dca versus catching a falling knife It seems that one needs a dca and buy the dip to really make it good info. How did I hello Chloe and shui say hi So this is a good question and it comes down to this when you're catching as I say catching a falling knife This is the stuff that like james and ben try to do they look at charts a lot Have fun. It's not my thing and they go. Okay. It's really wicking down and I'm going to catch that that That wick that candle as it goes from like 40 000 down to 38 000 And if they have and if it's if it's not bots and they can actually catch it because there's there's liquidity They can make a pretty good amount of money imagine making imagine if you had 40 grand On hand or 38 000 and you give me 38 000 It drops to 38 000 you buy it goes to 40 000 and you Sell or whenever you want to sell and you make 2000 bucks in like, I don't know Half an hour. It's pretty good. Now. You also got to think about the time that they have to invest into that the Uh potential short term capital gains that you have to pay on that depending on where you live And then also you got to remember that doesn't happen all the time. So that's catching a falling knife buying the dip is Just that so let's say that we went down from 3 trillion which we were and then it goes to you know 2.8 trillion you're probably like well, I'm gonna buy that. I'm gonna I'm gonna buy a little bit more aggressively today And that's what I'm gonna do DC yang in my opinion is what is what I is This is how I do things Every single day I have an order set and that order buys the same stuff every single day No matter if it goes up. No matter if it goes down. I think we're in a bear market So I want to load up and what am I loading up on the basics bit coin Ethereum chain link Algorand And I think I had cosmos not for sure forgot So I buy those every single day now because I'm just like I don't care if it goes up or down because I know like in member In three or four years these prices are gonna be way different. Are they all gonna go up? Maybe not, but I don't have to have them all go up I just have to have one or two big winners and I'm set or I'm fine and that's the difference I hope that answered your question A little bit better. Okay That's first question second question. Can soul take over ethereum? Sure. Why not anything gonna happen? These 2.0 seems to not solve their current problems and sol keeps growing as adoption the thing that uh that concerns me James even point this out. He's talks about uh how the The amount that is actually locked up for ethereum looks pretty good But the dominance is slipping and why not because have you used ethereum to buy nfts? Have you used ethereum to transfer anything around? Have you used it? Have you used ethereum for I mean just to move stuff from wall to wall? It's super pricey On some days you might get it for like 20 bucks. Congratulations But is that gonna help out everybody? No Really what I see ethereum is is for really rich people to get even richer Because you can't dollar cost average with With with that you can't pay like I paid six seven bucks last week just to move things around I'm like really and that's just one way and I had to do like two transactions awful And even to get on to the mattock platform, you know or the yeah mattock You have to use the bridge and when you transfer it over because it's super cheap on mattock But you still got to pay the gas fee if you're going to move a bunch of ethereum over so you better move a boat load over so to answer your question Console take over a theorem. Sure. And besides it's backed by some pretty big players One of those is sam bakeman freed and who did sam bakeman freed? Who is the CEO of ftx? Who did he donate a ton or he was one of the top two? Person who actually donated to This presidential's election president joe biden. He was one of the top two people to give the joe biden's campaign Just saying okay Let's see Yeah, smash the like Party on legend just wait for the moon. Yeah, exactly. Just wait for the minute. It's gonna Oh Oh, this is a good one So hey rob. Thanks for this is question number three effort to aligning all please shed some light on iota What are your views on iota after doing an interview with dom? Dom's a good guy. Probably just looking pretty good. I know they've made some partnerships but The thing is is that some Some crypto Some cryptos just won't make it. It's like some you've ever been to like a really good restaurant down You know just go to a great restaurant. You're like, this is a good restaurant. Nobody here. It's weird And they have good staff the very attentive the food is fantastic The prices are reasonable and then you come back a month later and it's closed down Sometimes things just don't make it and that's what you have to understand about crypto cryptos nothing It's the same thing. It's a business Not you are guaranteed absolutely nothing and that's why you have to do a ton of research and that's why when you see some opportunities you should try to grab them as best as possible and Remember any of these projects don't owe you a dime Or they don't owe you anything. So remember that whole thing about diamond hands and stuff like that It's not it's not it All right. Oh, so this is a great So what's your thoughts on anchor protocol staking for 20% apa thoughts on the ust in general? As far as we're going to stable goes not back by used to like most tables are I just watched this great video from guy over at coin bureau and I would recommend you guys go watch this It's very technical and even even I left a note there. I was like, I'm gonna have to watch this a couple times So just so you know, you can get 20% apy on anchor, which is Through the luna protocol and To me, it's a little bit more complex than just basically staking But the thing is Is that even anchor their team says there is no way we can sustain this 20% apy What does that mean? But that means that uh, maybe Do your own research it might be a good opportunity to take a look at anchor protocol And get in now while the getting is good and then get out when the good things not so good So for me, I'm going to take a deep look at anchor and maybe I'll Do a little bit of staking but the big thing you have to always remember always remember Is that there's a rug pull right around the corner every single time? Do I say that anchor is going to be the rug pull? No But uh, just ask mark Cuban. He's been around for a couple. He seems to be a smart guy He still gets rug pulled. All right all right I think that's it one more Great. I must have done my job. There's no questions No, I already talked about that umber This is a nice comment. I went off for a while while you were being a a hole over xrp I'm warming again to you slowly again. I was never I was I remember I sold all my xrp And then I bought a ride back because there's this thing called wash trading and it's legal In crypto because guess what crypto is property So far So I like I think extra people do this great. All they do is just beat the sec but remember Speaking of which did you know that mark cuban beat the sec in a court case in 2013 for insider trading? Yeah, go look it up. I actually posted on twitter yesterday, which is kind of funny So if you think that the sec is going to win all the time No, uh mark cuban beat them like a drum and they looked really bad about that And this is the last question sec and xrp. What's the prediction? No prediction. I can tell you that sec is trying to make an example and genzler Will not give this up. He's like a He's like a pit bull on a bone. He just feels like this is his This is his thing and he has to crush these guys for some reason or he has to set precedent I'm not sure, but um, it's weird how like genzler is so he wants everything to be a security Which I don't care if you if you say everything's security find everything's security that just means it's just like stocks I mean everybody buys stocks on like robin hood. Well, not everybody. I mean if you have access to it So let's just just here's the thing with regulation. Just give us the rules So we can work around the rules and now we know what we're going Don't have don't have the rules to yourself like the sec does and says hey coming to work with us coinbase did that and guess What happened? They Got a letter saying they're gonna get sued So to me, I'm just like just give us the rules and we'll be okay. So with the sec and xrp. I think at some point It'll be long and and people were talking about how it's gonna be like six months like no I've been sued before and uh, it took me three years and it was a small case so I don't see this ending anytime soon. That's it. All right, so everybody Thanks so much for stopping by I appreciate if you like the video give a thumbs up You don't like it thumbs down but tell me why and consider subscribing That's it for this week and go enjoy the weekend. Even though the markets suck. I'm sure it'll be better At some point. So thanks so much. I appreciate also if you're uh Watching the replay. I'm gonna put two videos up here So you can continue the experience. I want to also take a look at uh the cryptoverse Which is a product we just did a deep dive on uh over on my second channel dan clips. I'll link that over here I think it's gonna go great. That's it. Thanks so much. I'll see you in the next one. Thanks