 Well, everyone it was a pretty crazy 24 hours and now as the dust settles we have to pick apart the pieces and see what is reality and what is not and I gotta tell you it's been a pretty fun ride so far I think everybody's been quite happy even myself almost turning to bullishness stance but I gotta tell you there are some things we need to talk about and the first thing of course is XRP of course and we know that's what happened with the case yesterday big win everybody's happy. I'm happy. You're happy fantastic Everybody's having a good time So the things that we have to take a look at is just the little minutiae of what is going on So this one was a piece by the block and it does accurately depict exactly what's going on here the SEC as Stringent and tough as they are they took a beating yesterday and But the thing is is that there's a little bit more to it as far as context. So here's the way F Ripple lives when a ripple labs one of partial victory yesterday the decision which SEC said is still reviewing from possible appeal Does not fully exonerate ripple or its lead executives from possible civil consequences is from judge Torres there's still a trial by jury for Ripple CEO Brad Garlinghouse and Chris Larson or whether a liable and illegal security sales to institutional investors who bought hundreds of millions of dollars worth of XRP and Just as a reminder the SEC has an undefeated track record and enforcement cases brought against crypto dating back to the ICO bubble of 2017. I want to just kind of segment through this this little piece here and that is that the SEC is mighty and They've been bullying us for the longest time and they've had their way because they have never lost in this arena Well, they just took that little beating yesterday and it's that little crack and a little crack is really all you need to be a winner and When it talks about how you know the SEC is this juggernaut and they can't be beat Well, we showed yesterday that it can be done and let us not forget not too long ago They were suing Mark Cuban over insider trading and Instead of settling with the SEC mark Cuban say you know what I'm just gonna take you guys to court And we'll figure that out because guess what I'm a billionaire and I can do those things and he Did those things and he came out a winner. So Moving forward there are gonna be some more legal nuances of what's gonna happen But I always remember this just because the SEC is mighty and some people Sometimes we have a natural over exuberance. Just know it's not gonna be a walk in the park, but they are beautiful So to finish this up Judge Torres ruled that ripples blind bid sales in which the company used an algorithm to sell XRP on Platforms to bidders whose identity it didn't know was not a security offering Obviously, right? So when you bought your XRP, did you were you buying it from Ripple? Were you buying it from the exchange or from another user? And that's the whole thing there was an investment contract that was the big win However, on the flip side of that as far as institutional buyers and hedge funds They did know who they bought the XRP from it can reasonably expect your profit from investing in a common enterprise Which is unfortunately securities law. So they'll play that out in a lawsuit and see how it all works out Then just remember this the judges ruling to can still be appealed to the second second second-court appeals Which multiple experts predict will happen possibly for a trial term and whether going outside and Larson might be Liable in civil court for unlawful security sales appeals courts Often it states. I don't think that's true But so appeals courts can overrule trial cut George's judges and that exports at the investment bank Do not see it as a given that the appeals court will uphold the district court's decision or reasoning So if you take a look at that in that context, it's not just everything is just so exuberant and everything's gonna be fantastic I believe that Ripple towards the end. They're not going to I don't think they're gonna win Everything perfectly all right. They'll probably be a little concessions. They'll probably go back and forth and a little mediation Who knows what it'll be and then in the end I think no one's gonna come out of this like a superior fantastic winner and not have battle scars That's not what it's gonna be. I think it's gonna be a road I think it's gonna be lengthy and then there's still gonna be some things going on now I know that's different than what you may hear from other places because you know, they just think that this is the the the monster win and that's all they need to do and I'm here to tell you. I don't think that's the case could be wrong. Hope I'm wrong, but that's where we got so Now that we talked about that and we straightened out never forget it is a win let's talk about some more good news because there are some good news on the horizon and When we you're when you're battling against the government the SEC it's good when you have Advocates for you inside the government. This is rep Richie Torres and he is a New York Democrat I put emphasis on Democrat Because I know believe people believe that only Democrats hate crypto. It's not the case Just some wacky Democrats Crypto for some reason. I'm sure there's some Republicans that also hate hate crypto for whatever reason. I don't know they're just uninformed but Representative Richie Torres out of New York said the SEC is acting like an overzealous traffic cop or we're truly ticketing drivers We'll keep them the speed limit a secret. That's pretty good It prefers to communicate by enforcement rather than by rules or guidance. It's time for investigation He calls for an investigation from the house So there's that piece which I like to see and then let us not forget that Representative Warren Davidson and House majority with Tom Emmer From Minnesota both Republicans so on both sides the aisle They brought forth the SEC stabilization act. This is on June 12th This is to fulfill the promise to restructure the SEC and remove Gary Gensler as chair of the SEC I gotta tell you I Personally thought that when when Gary came in he would be a great asset to crypto He had been teaching it at MIT. He looked pretty well-versed in what was going on and boy Did that turn out to not be correct? It just seems like Gary's gonna do what he's gonna do and he has it in his mind, but Thankfully there's people in the government that want him out just as well So let me just think about that in the comment section and then to finish up Because I want to do this pretty quickly today just to give people my thoughts and The Asian markets so we know the XRP went from 36 cents 37 cents, I think it all the way ahead to 90 89 90 cents somewhere around there and I know some people will say well the Asian markets and we only knew the Asian markets too much I'm like you're delusional This is a piece from coin desk Trading vines of XRP tokens against the Korean one at 2.5 billion on South Korean exchange update in only 24 hours 10 South Korean exchanges Turned billions of dollars of XRP which contributed to the big pump South Korean trainers are known for pushing euphoric rallies the price of Bitcoin sometimes at a 30% premium Which is pretty crazy and if you ever want to look at this just to figure it out for yourself If you go to coin gecko.com And you click on exchanges will take you to this this page right here, and you can take a look and it There's a variability of what they consider exchange number one two three four as far as trust levels and every different place But if you go over 24 or a volume 24 hour volume, and you click on that you can just see that That by an ants coin base exchange normalized sorry Binance up it bit for X Bit for X 1975 and if you click on them themselves up it and see what was being traded you can say the reason why The volume was was up so high it was because of XRP Solana and a little bit of Bitcoin And you can see that it's in the billions of dollars so when people talk about the Asian markets They're not kidding those are the ones that I think have really pushed pushed crypto up To I mean a magnificent amount and I'm actually looking forward to this next Crypto bull run which I'm thinking 2024 maybe 2025 because it looks like there's different Countries including maybe even China there's a little bit more positive towards crypto anyhow, let me just think and then lastly Just to talk about this because I remember someone XRP yesterday Don't forget. There's this little ETF that could potentially come through I personally don't think it's gonna actually happen, but it doesn't matter because you've got the CEO and founder of one of the excuse me the largest Institution out there with nine trillion asset or management Larry Fink black rock chairman and CEO and He is essentially being the chief marketing officer. This was him just yesterday as everything was going off I don't think every people didn't talk about it too much. He's already said, you know Some different things about Bitcoin, but take a listen to this and just how I'm really he's doing the work for us Let me make sure Take a listen More and more our global investors are asking us about the role of crypto And as I said, I do believe a lot of crypto is is going to be it's an international asset It's going it is It has a differentiating value versus other asset classes, but more importantly because it's so international It's going to transcend any one currency and currency valuation if you just look at the value of Of our dollar and how a deep depreciation last two Two months and how much it appreciated over the last five years. I mean a International crypto Product can really transcend that and that's why we believe there's great opportunities And that's why we're seeing more and more interest and then interest is broad-based worldwide More and more our global investors Yeah, he's not lying broad-based worldwide, so I got a I got a tip my hat to to Larry there Thank you for essentially being a great marketing piece for crypto as that comes through now Again, if the ETF happens or doesn't happen doesn't really matter It just it it goes to validate what crypto actually is that it's here to stay and there's a gentleman here who is again the largest As far as asset manager and when he talks about there is global demand He's not kidding and another story that went under the radar is that this Europe's first Europe's first spot Bitcoin ETF is been approved. You'll launch this month This is gonna be an Amsterdam It's listed as B coin Jacobi asset manager postponed on 2020 launch because of Terra Luna FTX collapse I got to tell you that's pretty good timing and the firm said is now on track to launch later in July as Demand has shifted it could be maybe because of something like this Maybe because of that nice little ripple win Maybe it's because of our investment and fidelity coming out with also applying for a Bitcoin ETF Whatever it is That's good news and again I think things just lining up for a pretty massive bull run coming up later on I don't think it's gonna happen on the next month or so But hey, I've been wrong before and then lastly just to give you a little more dose of reality Which I know people hate sometimes then then a pretty good quote and He said this last cycle When Bitcoin dominance went to 52% it had a rapid pullback to 49 to 50 causing many yellow into all coins once again Five weeks later dominance was at 62% move Ben is not First of all, Ben likes altcoins just doesn't like him right now. So take it with a grain of salt and Just plan accordingly in your investments not financial advice It's not your daddy do whatever you want to do and then lastly, I just want to give a shout out to world mobile They came out and they secured license spectrum in the US of A And what that means is that they secured up to 20 megahertz of spectrum in markets within, California New Mexico, Nevada and Utah kind of sucks. They're not in Texas Whatever those are states that are suffering from widespread under connectivity, especially in rural regions Not if you know this but 10% of America is Unconnected yeah, I know pretty crazy, right? I mean, it's not all sunshine and fantastic unicorns here in America We've got our problems This spectrum will enable the deployment of decentralized network infrastructures as air nodes secured licensing spectrum allow world Mobile become a full member of the Gia GSMA We officially recognized the 52nd mobile network operator in the USA pending approval by the FCC So hats off the world mobile again pay attention to The projects that are building in the bear because they will crush it in the bull and lastly Because of everybody buying and selling XRP just know that there was a lot of different problems That was a different exchange and there's a there was a little bit of a heating up issue and of coin bases They re-listed and they had some slowdowns also. I trust capital app Wasn't working. So sorry about that looks like everybody's buying and selling too much But hey, that's a good thing and if you got a problem with the I trust capital app Refresher use a desktop and that's what I did for XRP and that's it for today So look I just want to keep this nice and short and sweet just tell people what's going on But that is it for today if you like today's video give it a thumbs up consider subscribing Things gonna move pretty hot and heavy pretty pretty soon. So Try to get your news from someone you like Maybe it's me maybe somebody else, but just keep up the date because things gonna move pretty quickly But that is it for today. So thanks much for stopping by appreciate it if you want to stick around I'm gonna answer some questions the best of my abilities for the next 15 20 minutes Then we'll get out of here and enjoy the weekend, but thanks so much. I'll see you guys on the next one You