 Things are heating up between Coinbase and the SEC and I have to tell you this was the inevitable path forward and really what's going to come down to is Coinbase is going to force the hand of the SEC because they cannot give them regulatory clarity is what we're talking about for quite some time. So what it really comes down to is there was a piece today in Decrypt Coinbase asks the court to force the SEC to clarify crypto regulations. Here's what we got crypto exchange Coinbase took action against the SEC late Monday which will be today asking a federal court to compel the agency to respond to its demand for clearer crypto regulations. The exchange sent the SEC its so-called petition for rulemaking last July last July and asked the regulator to propose and adopt rules for digital asset securities. It also sought answers to 50 specific questions that will provide clarity and certainty regarding the regulatory treatments of digital asset securities. That has been nine months there's been nine months and they asked for them to do that and this is why things can't move forward because we're stuck because of one individual in one agency that is overlooking everything and is just kind of screwing up everything and that's just how I see it. Under the law the SEC is required to address Coinbase petition within a reasonable amount of time so the first time they did it it was in July that was nine months ago now they're asking them to do it again and they're trying to force their hand to say give us the regulatory clarity and they answer these 50 questions and if you can't do it here's what's going to happen. If the SEC's response to Coinbase petition is not to create new rules then the company would have the opportunity to challenge the SEC in court. This is what us here on the channel have been saying specifically me you got to sue the SEC they're bullies and the only way that you can get rid of bullies is punch them in the mouth and that's what it comes down to. This is back a tweet I said on September 14, 2021 SEC chair again states that again most cryptos are securities very few or not in my opinion the market's got two options wait for the SEC to sue every single exchange out there and they've been doing that either that or Wells notices or we can go on the offensive and take the SEC to court. I said that again in March 6, 2022 I said it again in February 14th of this year I said it's time to sue the SEC we must put aside our differences pull resources and put forth an offense against this tyranny and I quoted Benjamin Franklin was all hang together almost assuredly we shall all hang separately. Tell me what you think about that in the comments section I don't see a way around this if you want to move forward the obstacle is the way and the path is through the SEC however not all things are terrible there are some countries that get it right UK FCA wants to work with crypto industry develop regulation I got to tell you it's so nice to hear about other countries doing the right things because they want to adapt and they want to grow is a really quick piece UK financial conduct authority FCA wants to work with crypto firms to shape the regulation in February the UK government's financial arm the treasury launched a crypto consultation where it is seeking feedback from stakeholders and how to regulate the sector the FCA is one of the main crypto regulators in the country along with the treasury and it's been registering crypto firms to operate in the country and I have to tell you it's amazing to me just how far ahead the other countries actually are for adoption and regulation and moving things forward and I just ask myself why is it that all other countries besides the United States are really on board with this and I got to tell you when I see these things it's not that the banks are against everything I mean we've got a lot of different banks we've got city and JP Morgan and and BNY Mellon hosted different banks we've got BlackRock with his 10 trillion assets under management which is is the largest asset manager in the world so it's not really that to me it's just looking at the people in power the people in power the United States the current administration right now what I take a look at it the reason they don't want to move this forward is because I think they believe it will weaken the dollar and that's why every other country out there is like sure let's get this done in the United States is like whoa hold on let's just take a breather a breather anyhow let me know where I'm off on that one and then to move forward again some positive news Google Google ads web three features two cloud offerings first of all you're probably asking yourself and it's a good question what's web three because we talk about a time but no one really says what it actually is I put this together to make things super simple there's web one one web two and web three web 1.0 was in the early days of the internet it was only read only web pages if you're old like me I remember just going these web pages just reading reading and that's it you couldn't like submit a form you couldn't buy anything it was just web 1.0 then they got smart and said maybe we should start doing some things web 2.0 was all about centralized power and being able to purchase things and and do different things on the internet and now web 3.0 is instead of having everything centralized like a Netflix or a meta or stuff like that we're going to decentralize everything and you're going to be able to read write and own your digital assets which is why you have a digital wallet within your browser debatable about decentralization between metamask but that's a video for another time but this will be got Google sees the future and they're like let's get on board this so products will become part of this new program we'll see the unique web 3 benefits private discord channel with google cloud web 3 products engineering teams web 3 training courses and grants from from google clouds foundation partners aptos silo silo flow hbar foundation near and solana foundation so if you were a little bit surprised on some of those i was too i didn't know that's a aptos silo flow hbar i knew about near and solana the other ones i was unclear on so they are working with google to move things forward so all the different companies that are coming in and go we want to do web 3 great guess what we've got these partners and we'll give you grants to build on them that sounds good signing up google cloud has been working on web 3 products for several years on top of that visa just came out and said hey we want to hire a senior developer for a web 3 company hoping to hire a senior software developer its crypto team its job listed posted last week world's second largest card payment organization said i was looking for experienced software engineers plural who are passionate web 3 stack of technologies again we can see where things are going unfortunately america either doesn't or they just don't want and then lastly to finish up i think this is where the puck is really going which is this gaming web 3 and blockchain gaming this just came out i have not been following this i must admit but i do see the opportunity for blockchain game this is from ultra games and they said hey the day has come we're officially launching today at 4 p.m utc download ultra now and start playing today and i'm like eh whatever you know what kind of games are there here's all the games that they're offering walking dead back said agatha christy cyberia subri two or fias and a bunch of other ones i have no idea what they are because i'm not a big gamer i'll just be honest with everybody but look at those games and these are like that's a lot of games these are like triple a ranked games aren't some goofy games like axi infinity and stuff like that so i was like tell me more went to the website i will link in the description you can check it out it's only available right now on pc so you can download it and you can get to start to play all these games what's interesting to me is they're going to offer digital collectibles or nfts and then also in their white paper for ultra ah you can play immediately and earn money you can earn ultra coins by participating bay test watching ads curating games and more and i was like very interesting tell me more so here it is the ultra token i gotta tell you i'm not a big like this is a low-cap gem and stuff like that but i mean it is interesting what's happening here and i got a lot of games triple a right games ultra the token is down seven percent today buy the rumor sell the news right they just launched today we all well i missed it but i'm not here to chase but i will tell you it's interesting that this token itself at one point was at two dollars and thirty nine cents in november 2021 and now you're looking at a paltry twenty nine cents so might be some to check out not financial vice just very interesting you got a max supply of a billion they got roughly a quarter of that here's a 24 hour trading volume and here's the market cap of 80 million so far anyhow some to look at but there is one last thing i will say i think these games which are fantastic and look quite interesting are missing a big huge market and that is the casual gamer so before i talk about this let me just show you this this is from statista and we've talked about this before how many gamers are are out there because you got to ask yourself because maybe you're like i'm an adult i don't play games okay it's okay i play games sometimes on my phone but they're mostly casual games to kill time when i'm in line at like the store or i'm waiting for my flight like i have to know so do i'll just play a quick game you know three minutes five minutes just crush some time right better than me being addicted to twitter so you have to understand how many gamers are out there there's around 70 billion people in the world three billion of those people are active video game players which is a wide swath if you want to say what they actually are hardcore gamers are the casual gamers different things but here's the here's the data the game is by region mostly they're in asia europe latin america north america not a big one but you can see here that we've got a lot of them in asian countries a lot of them are between 18 and 34 years old and 35 to 44 ton of game subscriptions but what it really comes down to is this what type of games they play action shooter racing family adventure games what's the biggest casual 63 percent and that is being overlooked i think by a lot i think gala is getting into it and some other ones maybe ultra will be but i want you to do me a favor i play this game it's a ball pool they didn't they didn't pay me to talk about it don't calm down it's a free game you can download on the on the app store and google play so i want you to download this game if you got time 100 free there's going to be a bunch of offers in there you're probably going to have a little bit of fun depending if you like pool or not or just want to kill some time but what i want you to do is play this game and when you're playing this game be cognizant of what it's doing and the things that are going on in the background and i want you just to think to yourself is this the next evolution of web 3 gaming casual gaming tell me if you think this will be the next big opportunity for gaming just like this with the amount of people that are out there because gamers are especially casual gamers at least 1.5 billion and that's it i will link this in the description i'll also clip this to the very top of the comments so you can find the link to download this and again it's 100 free just check it out and tell me what you think as far as web 3 gaming that's it for today so look like today's video give it a thumbs up consider subscribing i think to talk about our time sensitive again i still say that the crypto market is not a set it and forget it i think you have to really be aware of the things that are going on just to help you out if it's not me you're going to subscribe to at least try to somebody and just keep up the date that's it so thanks so much for stopping by i appreciate it and i'll see you on the next one