 And Blaze, how you guys doing today? We're good, thank you. Pretty good, how are you guys? Thanks for having us. Sorry it's a little wet. I'm doing fantastic. Happy Saturday to everybody that is watching and to you guys that are joining us. So the Market Maverick is in Alberta, Canada in Calgary. Blaze is in Florida in America. The big news right now that we really want to talk about that is trending all over the world is the fact that the SEC, the Securities and Exchange Commission in America, is suing Coinbase, Binance, and Ripple. So first and foremost, I just want to kind of get your guys opinion and we'll start with you, Market Maverick. What do you think about this big news? You know, it's just another tactic from the SEC. And personally, I think they're taking advantage of the whole crypto space as a whole. With, for example, in 2018, William Hinman of the SEC decided to leave the SEC and get into with Thatcher and Simpson and literally built his own Ethereum mining farm. Now, if that's not a conflict of interest, I don't know what is, Rich. Yeah, I agree with you. There's a lot of weird stuff going on and I have my opinion about it too. Blaze, what do you think? What do you think about this big breaking news? The SEC lawsuits against Coinbase and Binance and we've been waiting for them to deal with Ripple. What do you think about this news? I just think they're totally, totally playing games again. They did it right after we signed the bill, right? For the debt ceiling, right? Because they knew people were going to take money and they were going to invest that following day. We were talking about it on your last show and right away, boom, they go out to finance. They put a big stop to everything. It's their little antics that they use and that's my belief, you know? They did it at the perfect time and I'm sure they planned on it. Well, it's really affected the entire market. I want to quickly take a look at the price of Bitcoin. So let's take a look at the price of Bitcoin and you're going to see how the price of Bitcoin has dropped with all cryptocurrencies dramatically. We're going to just go to CoinMarketCap and we're going to share the screen there and take a look at CoinMarketCap and you can literally see that over the last seven days, all the major coins are down. All the major coins are down, okay? Bitcoin down 4.5% in the last week. Ethereum down 7.5%. Binance, who's been named in the lawsuit, 22% down the last week. Cardano, 26% down in the last week. Dogecoin, 15% down the last week. Solana, 26% down. Polygon, 32% down. All these coins down huge. Market Maverick, what do you think about this? What do you think about these coins being down? You know, Bitcoin being the market maker has just under a trillion dollars in there. So I mean, when Bitcoin suddenly, when Binance actually got the news about the lawsuit, Binance holds about 475,000 billion, or sorry, 475,000 Bitcoins. And that is actually the equivalent of 12,500 million, 12 billion, 500 million numbers. These are big numbers that I'm not used to saying them. So personally, I mean, when Binance got the news, a lot of Bitcoin, a lot of Bitcoin was sold, unfortunately. So a lot of institutional investors in there, like MicroStrategy, for example, we haven't seen any information of them selling, but it's possible a lot of companies, they might have sold Bitcoin just at that news. Now it could be another dump before the pump scheme, but who knows really, we've got to wait and see. And have you heard about the two Russians that were charged for infiltrating the empty gox and operating a Bitcoin coin? Big VTCE, it's called, have you heard about that? No, I haven't. Yeah, I mean, this just came out a few hours ago. A lot of weird stuff is happening. And Bitcoin being the market maker, if Bitcoin takes a hit, the whole market follows it. And Ethereum being a smart contract platform and ERC20 coins all being created on the Ethereum network, Ethereum goes down, unfortunately, the whole market for Ethereum goes down with it as well. So it's just another attack from the SEC. Okay, and Blaze, what do you think about the fact that all the cryptos are down? I watched it. Yeah, what do you think about that? I watched it live, I started with my own eyes. It went like this on the plateau, went right down. But there was no affection to Ethereum or Bitcoin last night at 2% down and three. But the other tokens all went from 20 to 26% down. So what I think, people get the skate bug going on. Okay, the SEC steps up and I'm not calling people rookies, but if you're not in the game, diamond of hands, weeks, money, in my opinion, if you're not in the game and you don't study it every day, you won't understand and you're gonna dump off your assets. So most people are scared right now. So what they're doing is they didn't cripple Ethereum, they just turned their all coins, I mean, the mean tokens and the minor all coins into Ethereum, that's what they did. They did not corrupt the price of Ethereum at all. Yeah. In my opinion, it was clear, 26% down, everybody's scared, they sell off all their memes, right? And you saw all those guys go down and then they put it in Ethereum and put it on a hard wallet, you know? So I agree with a lot of your guy's statements. So you can see right now on the screen, I have the price of Bitcoin, it's at $25,800. So we're currently at $25,800 and over the last month, Bitcoin is right near the bottom. Now, this could be for a lot of reasons, but in my opinion, I think people are selling their Bitcoin, they're selling their Ethereum, they're selling their cryptos on exchanges, specifically the man's Coinbase, because of the fact that there are lost foods and they saw what happened with a lot of exchange that went bankrupt, right? We just had another exchange go bankrupt with Sam Bankman-Free taking everybody with him down and billions of dollars being lost with FTX. So I think what's happening is that wasn't that long ago and a lot of those investors still have those wounds. So when the SEC decided they were gonna go after Binance and they were gonna go after Coinbase and they've been in courts with XRP for years, I think a lot of people said, you know what, forget it, I'm just gonna sell my crypto, it's summertime, I'm gonna go on vacation, I'll worry about crypto later. So I think some people sold, I think other people sold their meme coins, their alt coins, anything other than Bitcoin essentially and decided to put it into Bitcoin, put it into Ethereum and you saw a little pump, like the day after Binance announced that they were doing their lawsuit, crypto and Bitcoin and Ethereum actually went up, then the very next day Coinbase got announced that they were getting sued by the SEC and once Coinbase, once the news came out that Coinbase was being sued by the SEC, the entire crypto market dropped and all the alt coins dropped a double digit percent. So it leads me to believe, and this is just in America, this is strictly American lawsuits. So I think that's American investors or even international investors that might be in those American exchanges saying, you know what, I'm not taking a chance here and they're pulling their money out. I believe there was billions of dollars of outflows that have already come out of Coinbase and Binance. I believe the first day Binance lost $725 million in outflows, meaning $725 million was pulled off their exchange. What do you guys think about that? Mark and Maverick, what do you think about that? You know, I understand the Binance situation being that a lot of the companies within China are actually closely collaborating with the government. So I understand that situation. However, with Coinbase being based in San Francisco and we have senators accusing Gary Gensler of making and forcing the United States to push capital out of the whole United States and out of the whole NATO sector basically and into other countries, which even possible enemies of the United States and Canada as well. So with the SEC pushing these companies out of the country, they're actually losing the battle in the blockchain network and they're basically handing this out on platter to Russia and China. So I really do not understand what's going on. We had Senator, I think his name was Senator Warren. He was the one speaking to Gary Gensler saying he believes that the SEC should be restructured for forcing companies out of the United States and pushing the capital out of Canada and the United States. So, I mean, it is unbelievable. The charges laid 13 charges. Wow. I mean, it sounds like the 2008 lawsuit with Tesla and Tesla did emerge deteriorating in there. Now Rich, what's very interesting for me, excuse the play in there, what's very interesting to me is for two and a half years now the SEC has been challenging Ripple and Brad Garlinghouse and Chris Larson in a lawsuit on XRP being sold as a security with 1.4 billion tokens being sold as securities since 2012. Now the whole misconception of the lawsuit is why now? Why did they wait till the end? They've Ripple's been open showing open transcripts of everything that they've been doing. And now the SEC goes after them in 2018, 2019, 2020, they finally pinched them and all of a sudden the whole community slows down in the Ripple market as an XRP market as Ripple advances into being a member of the world's international standard organization and being the first member to be using DLT platforms. And now you got Ripple in every central bank through SWIFT, to the Federal Reserve, to the Clearinghouse. It is going to be something else that emerges after the lawsuit is over with Ripple and it could be over very soon. It's been going for two and a half years. Now what's weird about this? Hold on, hold on, hold on. I know you love Ripple. I want to get into Ripple later before you go crazy with Ripple because I know you're the Ripple guy and I love Ripple too for a lot of different reasons. So we're going to talk about that a little later but I want to hear what Blaz thinks. Blaz, how do you think right now with everything that's happening in crypto right now, all these lawsuits, like what are you doing? Are you pulling your money off exchanges right now? Are you worried about crypto right now? Do you think this is something to be worried about? You live in America. What's your opinion on what's going on right now with these? My opinion is 100% they knew we were going to spend money after the debt ceiling was signed. I'm telling you, they planned it, they popped it up there, scared the hell out of everybody, right? And people started pulling back, you know? Me personally, it's a yard sale for me, man. I love it. So you're a buyer, you're a buyer. I'm a buyer, bro, because at the end of the day, you're dropping, you're giving me a 26% discount on several tokens that A, the SEC has to prove the security issue with the companies which drag out forever. A lot of people are afraid and a lot of people only pulled out of Bitcoin in Ethereum just for the sum of fun. Any of the other stuff, we just swapped into Ethereum. So I'm a Shiba guy, right? Yeah. I was part of that Shiba dropping because I took a substantial amount of my Shiba and swapped it into Ethereum. And in return, I swapped a bunch of Ethereum into Bitcoin and I put it on a hard wallet to protect my assets. Huge, very, very smart. And that's the only thing you can do right at this point until it cools down a little bit. Once it cools down a little bit, you know? You see a Shiba down at five zeros and a five. Last night, you haven't seen that for years, right? Yeah. So a lot of people started recovering it, you know? People want to go for it. They can only hold us down so long in America. At the end of the day, we're a tough country with citizens and we don't like being bossed around and that's how we are, you know? We're gonna fight back and that's how it goes. You know, it's a natural thing, but I think right now, it was a great move by the SEC to get what they want. I mean, it was the only move they had, right? She was picking rolls, just like a basketball. Boom, dead ceiling, they're gonna spend, roll this atom, they ain't spending nothing. They did it. They controlled it. Earl is here. Let's go cool down some more. Earl is here, how you doing, Earl? And Earl says, and so is Amanda, how you doing Amanda? And Earl says that these are the lowest prices in 2020. So as an investor, if you're looking for an opportunity, there's some good opportunities there in the market for you to buy the dip on this fear. Now, if I was looking to buy the dip, I'd be looking to buy the dip on something safe, something that hasn't been touched, something that hasn't been named. That's why I love Bitcoin because Bitcoin really hasn't been named in any of these lawsuits. That's something a lot of people don't understand. Bitcoin has not been named in any of these lawsuits. These lawsuits are against Ripple, they're against Binance and against Coinbase. So I wanna make it very clear, there's not been a lawsuit levied against Bitcoin. So as a holder of Bitcoin and full disclosure here, I am a holder of Bitcoin. So don't go at them by just cause you heard it, but I hold Bitcoin, I hold Ethereum, and I am proud to be part of the 1% of the world that has the 1 million wallets in the world that has more than one Bitcoin. Very proud of that because I believe that one day that will be my own digital bank. And I believe anyone that goes out there and gets at least one Bitcoin gives themselves a chance to one day have a digital bank. So a cheaper Bitcoin, like you said, it's a yard sale, great opportunity in my opinion to get more Bitcoin and add to my position on Bitcoin. Now, here's the SEC charges right here. We're gonna read them. I wanna show you guys these SEC charges, okay? So these SEC charges right here, SEC files 13 charges against Binance, entities and founder, Shanpeng Zhao. Charges include operating unregistered securities, sorry, operating unregistered exchanges, broker dealers and clearing agencies. This representing trading controls and oversight on Binance US platform and unregistered offer and sale of securities. What do you guys think of that? Let's start with you Mark and Maverick. You know, Binance lawsuit is happening at the same time as the end of the Ripple lawsuit at the same time as the debt ceiling got raised five days in advance before the default there. So I mean, I feel like the United States has a plan. I mean, I don't like to accuse. I just like to speak out of my personal opinion, but I believe there is a plan out there in the financial sector to take full control. And that's including the CIPS with the Swift alternative between Russia and China there. I feel like that's what's happening here is they want total control and the SEC and the Futures Trading Commodities Commission are both going hand in hand. They both want control. Okay, Blaze, what do you think about the fact that the SEC has filed 13 charges against Binance? This is the actual file and the report and the press release from the Securities and Exchange Commission. I have it on the screen. I just read it. I broke down all the different charges that they filed against Binance. Now as someone that's in America, does this bother you? Does this concern you? Do you think that this is something that will take Binance down? Because we have to remember Binance is the largest crypto exchange in the world. So when the SEC goes after Binance and they've already frozen all US Binance assets, which is hurting those investors in my opinion, what do you feel as an American right now? Do you feel like this is fair? Do you think this is just? Do you think this is something that will go away? Do you think this will destroy crypto in America? What's your opinion on this? This is taking away our rights. A, B, they can't even take Ripple down. They have no chance of taking down Binance. You also mentioned that, why isn't Bitcoin or Ethereum on the list? A, who are they gonna go after on Bitcoin? The world backs up Bitcoin. They can't do nothing against Bitcoin. They got zero power against Bitcoin and Ethereum has a real company backing that is following rules. So with that being said, they're picking and they're bullying smaller companies and they're setting examples. And they're going after Binance to tell them to stop selling as well as Coinbase and then eventually crypto.com and so on, right? Okay, great. I think it's a bully. I just wanna ask you a quick question. So Amanda asks, as an American, how can you feel comfortable investing in some of the coins that the SEC is going after? Because the SEC is also going after a lot of securities. So do you feel, I know you're at crypto.com. So do you feel comfortable buying some of the coins that some of these exchanges are now delisting? Like Robinhood's delisting coins, Coinbase's delisting coins that are being mentioned by the SEC. So do you still feel comfortable buying these coins even though the SEC is going after them? Bro, anything to let them know that I'm in charge of my own money after taxes? I'll use a swap if I have to. So it don't matter. I'm gonna collect my assets, I like. But yes, I did move a bunch of Shiba over to Ethereum and tuck it off there because I'm not stupid. During this hiccup that's going on, anything could happen. We need to wait for it to cool down a little bit. But in the end, me being American, Earl's American down there in the chat, like, look it, we got words, bro. And we have rights too. Of course. And we have government officials like Ron DeSantis that backs up cryptocurrency, you know? Yep. So we got a lot of changes coming in America soon. So they're making the move now during the election and all this stuff, they know what they're doing. It's the only way they get advantage on this. Ronnie says, I love your guys' questions and your comments. Ronnie says, Binance CZ has set aside $1 billion to fight the SEC. So Mark and Maverick, what do you think about that? Do you think that Binance will be able to win this case against the SEC? You know, Ripple's held a chance against the SEC for two years and they're also worth and value to have about $30 billion finance having a much, much more profitable stake in the game. I believe they might be able to hold up against the Binance. I mean, sorry, I believe they might hold up against the SEC there. And in fact, what I'm worried about, Rich, is could politics have anything to do with it? Yeah, I mean, I think it has nothing to do with it. Bingo, bingo, my eyes, bingo. And unfortunately- You got to cover all day, brother. That's the fact of the matter and the closer we get to the end of one lawsuit we're seeing the beginning of others. So I mean, it's not hard to say that there is possible manipulation happening in the market right now. It is uncharted territories and it is a new sector. So anything can happen. What do you think, Blaze? Do you have something to say there? It's 100% right, government officials. Because look, they don't want to fund these races with the crypto, the way they went down with FTX and whatnot, you know what I mean? They're putting a choke hold. They know who's old and what, trust me. No, no, sorry to interrupt you. That makes me wonder if FTX was meant to go down with a lot of politicians and celebrities money in order for Congress. Of course, of course. With this high power in America, there's a higher power, right? And that higher power clicked on FTX and exploited who got funds from them from this other higher power. Get what I mean? Yep, can't say the name. So basically, in my country, we have too many chiefs and no Indians, you know? Now, people make moves, man. It's a horrible thing out there, but we the people in Canada and USA, brothers and sisters, we all need to stand strong together and teach each other and learn from each other and make moves together and we can get through this because this is what we like to do. Yeah, so Amanda, to make a good point, Canada has a $30,000 a year that you can invest into crypto. What the heck is that? Like what's that gonna do? How can they put a cap on how much we can invest into crypto? So they do have that system in the banking sector as well, for example, a $4,500 tax-free savings account where if you make, let's say $100,000 from $4,500 through that one account, then you can use that $100,000 tax-free. Now, they're trying to implement the same system in the crypto space in order to introduce security in the crypto space. So Canada is with crypto and digital assets and NFTs. And notice I said cryptos and digital assets because I believe cryptos are one thing and digital assets are a whole different other thing. Central bank, digital currencies, and so on. I agree. I didn't use the part. Sorry, go ahead, Belize. The part about Binance with the billion dollars a side? Yeah. Look, if he put on his website for people that donate fractions of coins right now to fight against the SEC, people would put money up to help as well. So that billion dollars is gonna be backed up by a lot of other people, trust me. Oh, yeah. This time, I think they're messing with the wrong company. So they could say, they could say working with Binance could be working with somebody that they don't like. So Binance, you've got muscle, man. And you're worth billions of dollars like that. You can make moves so you can fight. Yeah. And I heard that Binance actually has the most expensive and best lawyer in the world. They do. So they're going for battle. They're gonna end up suing them at the end. I heard that Ripple spent $200 million so far in their lawsuit. $200 million. And if the SEC loses, the SEC is gonna have to pay that money back to Ripple. Mm-hmm. They're gonna be paying it back. I believe so. So how are you gonna take Ripple out of every bank it's in right now? Every bank you have, even in Canadian banks, for example, Royal Bank of Canada, is a Ripple member. So if you're holding Ripple, God bless you. You're in good hands. In my book, that's my opinion. MDMA got UF SDA approval for use, clinical trials in USA. Just a heads up, news out late Friday. Hey, thank you. That's why we do these shows. If you ever have any news you wanna share, please share it. We really appreciate that. And we're gonna be doing a lot more of these shows and a lot more of these lives on a consistent basis. And that's why this is a new show. You can see my co-host today. These are guys that I really like. I talk to all the time. I've known Bilal for years. He has his own YouTube channel as well. He's the market maverick. He's got about 5,000 subscribers. And Blaze I talk to literally every day. He's in Florida. He's on an app called LiveMe that I'm also on as well. He has 695,000 followers on LiveMe. He's the number one broadcaster online. And he created this show called The Bull and Bear Show because there's always a bull market and a bear market somewhere. And we're gonna talk about it. We're gonna be sharing with you guys different ideas we have, investing ideas, what's going on in the market, good things, bad things, great things and ugly things. But I wanna talk a little bit about this lawsuit in Coinbase because Coinbase is the largest exchange in America. I really wanna get your guys opinion on this. We've talked a little bit about finance. Finance is the largest crypto exchange in the world. Well, Coinbase is the largest crypto exchange in America. SDC has charged Coinbase, here it is, charging Coinbase operating as an unregistered securities exchange broker and clearing agents. Those are some big accusations. The SDC is going after Coinbase and Coinbase has already hired some of the best lawyers in America and they've come back and they said, why did you agree to let us go public when we filed our S1? We filed an S1 registration two years ago to go public. You agreed to let us go public and now you're trying to sue us for doing what you let us do in the first place two years ago, essentially getting millions of investors into Coinbase, giving them the excitement of saying, wow, this is being regulated, this is legal. This is being agreed on by the Securities and Exchange Commission. They've approved us and now you're going after us and saying we're operating as an unregistered securities exchange broker and clearing agency. Why'd you approve us in the first place? And now shareholders are the ones holding the bag because shareholders have invested into Coinbase, billions of dollars, and now they have the chance of getting their assets frozen. What do you guys think about this? We'll start with you, Mark and Maverick. You know, it sounds a lot like fiat right now, actually. I have a list here of 15 coins on Coinbase, including Algorand, which is an ISO 20022 compliant coin, Polygon, Cardano, Solana, the Sandbox, which is a central bank digital currency. That is unbelievable. We've got ICP dash. There's so many coins that I always thought to be reliable currencies and not securities. I never believed any of these coins fit into the SEC's Howie test, which was been in play here about 80 years now. So I don't know how they're using an 80-year-old testing kit on cryptocurrencies, which just came out within the last 15 years, Rich. So there is a lot of companies being hit here. And with Binance, we've got Cosmo, we've got BNB coin, we've got BUSD coin, and COTI coin. Those are the coins that they're saying their security is as well on Binance. And Coinbase, there's 15 coins. And a lot of these coins, I literally thought to be very reliable coins. So I do not understand what's happening. The Howie test should not be being used anymore. It works for stocks representing companies, but in cryptocurrencies and a multi-utility sector, we've got some coins that are NFTs, some coins that are cryptos representing video games or businesses, certain things can be securities in this sector, but not everything. So when Gary Gensler in 2021 said that all of the crypto space except Bitcoin and Ethereum are securities, I don't understand how that is possible at all when the crypto space is based on the technology of Ethereum's ERC-20 tokens. And now in March of 2023 this year, we've got the new BRC-20 coins, which are based on smart contracts for Bitcoin. So a lot of things are changing while it may seem that the SEC is coming after these companies rich. Let me remind you, if there is no lawsuit, it's possible we'll never get regulations. We would be waiting on Congress for 10 or 15 years. So it is possible that these lawsuits could speed up the process. There can't be all bad. There is a plan in order to get the show on the road. There is no way the United States can be handing the blockchain sector on a gold platter to the rest of the world. I do not believe that. Similar to the way you said that there's no way they would let the US dollar collapse while they own all of the US investments. So I strongly believe something is coming and we will be very profitable. I strongly believe that. Well said Mark and Maverick. I agree with that too. I haven't sold any of my crypto full disclosure. I own Bitcoin. I own Ethereum. This hasn't bothered me at all. I just want to buy more. I'm not gonna learn about it at all. I've been in crypto since 2017, making videos on YouTube for all these years talking about Bitcoin and Ethereum. And when I started talking about Bitcoin, it was at $1,000 that it's at $25,000 US. It's done extremely well. When I started talking about Ethereum, it was at $100 today, it's at $1,700 US. Anyway, you slice it, both are up dramatically. And even the altcoins, even though they're getting under attack, they're also up. And even though these two exchanges are having problems with the SEC, there's still 600 exchanges out there. And even though coins are gonna have problems, there's gonna be 20 something thousand coins out there. So for every exchange that gets sued, there's another exchange that opens up. For every coin that gets in trouble, there's another 100 coins that open up. So I just don't see how crypto can be stopped. It's become far too big. It's become global. Every part of the world has Bitcoin now. Everybody's getting into it. It's only going to get bigger. And like you said, there's going to be a fight with regulation. And I'd like to hear what you think, Blaze. Coinbase, largest thing in America. What do you think about these lawsuits? Okay, so Coinbase, you allow them to be on the stock market, right? You accept everything from Coinbase. Legit business. We're all like, yay, we invest money into it. But Coinbase also filed for guidance many a times. They never helped them out. They never guided them anywhere. They never gave them any information they needed. They've done it a bunch of times, bro. So what's the SEC doing with Coinbase? Setting examples without an example because Coinbase is not a good example to be trying to attack at. And to be honest with you guys, I really think it has something to do with those Bitcoins. What is it called, the BRT20 or something? BRC20. Okay, so the BRC20, right? It's going to be pumping up because of this, okay? It's another loophole and it's another block. There's people causing trouble behind closed doors. We don't know exactly, but we know they are. It's a simple fact. But the SEC going out to Coinbase is another big mistake. It's a huge mistake by them. And they know they can't beat these guys, but they can stall. And that's all they're trying to do. And it doesn't scare me? No, absolutely not. I didn't sell my Ethereum based tokens. I just walked my Ethereum ERC20 into Ethereum to be safe. Okay, and Ronnie says he agrees with you, Bilal, that the lawsuit, with the lawsuit regarding no regulation. Earl is talking about Ordinals. Dylan Fraser saying he just keeps buying Ripple. I know Bilal loves Ripple too. Bro, we're having a bad storm. I used to own a lot of Ripple. I don't actually own much. I own a little bit, not enough to really like even talk about right now. But I do like Ripple. I like it a lot. I like the speed of it. I like the cost of transactions. To me, it is the future of trading crypto. It's the future of Swift code. Like as far as like banks doing wire transactions, that technology is really old. So they need to get rid of the Swift code and they need to implement XRP Ripple technology for transactions. And I believe this is where crypto becomes huge on a global scale. And this is why they're trying to regulate crypto as much as possible because I believe the banks have a problem. They've got trillions of dollars and it's too costly and it takes too long to move the money. The only way for the banks in the future to move trillions of dollars fast is through Bitcoin, Ripple, and all the top cryptos in the world that are fast to do transactions and cost little to no fees. That is the future of transactions. This is what big banks want. This is what institutions want. But they're waiting for governments to regulate crypto. So what do you guys think? Do you think we're ever gonna get this regulated? Cause it has to happen so institutions can feel comfortable and eventually say to you like, I'm a TD bank. I want TD bank to one day say to me, hey, do you wanna buy some Bitcoin? No problem. Buy Bitcoin through us and we'll hold your Bitcoin in our hard wallet. I want that. Oh, you know, I can't wait. And that day will come. I just don't know when, right? What do you guys think? Rich, sorry, I cut out. I'm having a bad storm here again. It just shook me down. Hey, no worries, man. It might be because Florida is losing to Vegas. Well, what's the score? It's one nothing. Vegas is beating Florida in the first period of being four of the Stanley Club. I'm watching the game right now while we're live here on my big screen. I was watching Manchester City here. Yeah, Manchester City won the trouble. In Turkey. My son is a Man City fan, so he shed a few tears. Yeah, well, the ripple thing back to the ripple, it's a shame that us USA civilians can't mess with it right now. But now, but... Sorry, I'm reading the comments. Yeah, I just feel like our rights are being violated. Oh, yeah. I personally believe... And that's gonna affect my voting. I personally believe that people are not going to grab a central bank digital currency voluntarily. Now, they're talking about CDDCs being used in the future here, very near future, through a QR code. Now, I believe the only way this would work is if you were in the back of a self-driving Tesla taxi. And how would you pay for your drive, either through the phone or you could take a scan of that QR code on the back of the window there in the Uber driver, the Uber car. And I believe that's one way central bank CDDCs can work. And Ripple is a major member and player in central bank digital currencies. Four or five days ago, they just came out with a platform which allows governments to issue central bank digital currencies similar to the current Fiat system. Now, if that doesn't have a by signal written all over it, I don't know what does. And I'm not a financial advisor. You guys should invest at your own due diligence and not take anything I say and put your money into it based on my words. So, best at your own risk, everybody, but I personally own a lot of XRP and a lot of XLM. And I can't forget about XDC. That's a great disclaimer. I want to remind everyone that everything we talk about is for information and education purposes. Please do your due diligence, do your research before you invest in anything that we talk about and discuss. Everything that we're talking about is really, really volatile. We're talking about different exchanges and coins that are in the process of being sued by the Securities and Exchange Commission, the largest regulation body in America that regulates the stock market and is trying to regulate the crypto market. So it's a very volatile time for proceedings to caution. Now, Earl doesn't make a good point. He says, I believe FedNow was stealing information from XRP during the lawsuit for the USA to have their own. Now, Blaze, I'd love to know, what do you think about FedNow? Honestly, I'm not, I'm very, very vague about FedNow. But you know FedNow is essentially the US coming out with their own coins. I know, I ace. So I'm at my point where did I want to know about it? Do I want to know about it? Do I even believe? I mean, in the end, bro, I think every country is going digital. Yep. And that's it. End of story. Paper is going to be obsolete because it's way too many problems. Too many diseases come off paper. You know, you can transfer all kinds of viruses. And it's going to make a lot of other people happy like myself to just stop holding dollars and coins, which are pointless because it's the same thing on a debit card without using an object. What do you think, Malel? You know, I agree on the blockchain breakdown show here. That's all I really talk about is how the FedNow system is integrated in RippleNet through Volante technologies. You can search this up on Google. If you type in Ripple Modular Volante in keywords like that, you will get the PDF and you can see how the FedNow system is going to be sending XRP as a bridge asset. Literally, it says XRP talks about the ledger balances being transferred as well, which will be the distributed ledger technology. So I mean, I'm very big on Ripple for that specific reason. And Rich, let me remind you, I love Bitcoin as well. I may not talk about it much, but I do love it because it is ISO 20022 compliant. It is the king of the whole crypto space at the moment. And if you look back in the year of 1980, you will find the Bitcoin technology called BitGold. So if Bitcoin was to represent anything on its protocol, not like XRP and XLM, which are consensus protocol, Bitcoin can actually represent gold being as a store of value. Yeah, that's huge. And Ronnie's sharing all of his coins here, XRP, XLM, XDC, Algor, Hbar, Quant, IOTA. Those are his biggest holdings. And VeChain, Ethereum, Ajax, and Chainlink. So thank you for sharing your picks, Ronnie. We really appreciate that. Now let's talk a little bit about Ripple because I know you're very passionate about Ripple. I've always been a big fan of Ripple, but they pulled out of Canada on one of the exchanges. That I had it on and I just got scared. So I sold my Ripple, put it into Bitcoin. I still have a little bit. I just kept it a little bit just in case because it was hard for me to get rid of all of it. But the SEC is charging Ripple as well. So what do you think about the news that the SEC is charging Ripple? And what do you think about the Ripple case? Are you talking to me or to Blaze? We'll start with you. All right. You know, I never understood why the SEC came after them, the fact that Ripple has met with the SEC over, I think it was 50 times within a 10-year period. So the fact that they waited so long to come after them while Ripple still expands and the price of XRP is not collaborated to what's happening with the company Ripple. And then during the lawsuit timeframe, Ripple never said XRP is connected to Ripple net. So the whole lawsuit, to me, it can change overnight. There's many aspects that can happen. The William Hinman speeches in 2018 can get repositioned and brought surface to light again and brought into a whole new lawsuit. Through Binance or Coinbase, a lot of things can change. When we have Congress, a federal judge, and the whole swift banking sector, which may I remind you is 11,000 banks, including all of NATO, worldwide. So this is what I like to call on the blockchain breakdown show here, is the transfer of wealth and what Brad Garlinghouse calls it, the Ripple CEO is the internet of finance. Internet of value. Now I want to talk about that a little bit after, but that's what I think, Rich. Okay, so I have this on the screen right now. You guys can see it. It says Ripple win will drag the US SEC to settle, hence the XRP lawyer. So, Blaze, what do you think about Ripple being sued by the SEC? A lot of people are buying Ripple. The price has been going up. And a lot of people, I know Bilal's really big into Ripple. I have a little bit. I know you've talked about it a lot. And a lot of Americans are always telling me, man, I can't buy it. I had a whole bunch of it at once. Yeah, that's hard to buy. So what do you think? Like as an American, you can't buy Ripple. So what do you think? Do you think this lawsuit is going to end soon? Do you think that that will be huge for Ripple? I believe it will be a boom for Ripple. I think it's nearing the end anyways. The SEC don't have nothing to get. What happens, right? When a company like Ripple does really good, the SEC has to do something. They can't just be sitting there without a lawsuit. They wouldn't be the SEC. So Ripple was the biggest plan in the fastest way of transferring money. So what they did was they opened up a suit against them. And in the end, they're going to lose. So when a company does real good, the SEC wants to punch them down. They want to control. That's the only way the government can tell them behind closed doors, you've got to do this. And it's the only way we can control this mess. Please the case, SEC opens it up like they got a big case going on in this agreement for the real reason why they're doing anything. And then they left the snap in the end. It's just another mess. So that's nearing the end with Ripple. That's by Binance. Binance USA was never actually verified to operate in the USA, by the way, but Coinbase was. So what they're doing is they're opening up one that they think they can win to throw them out of the USA, which is Binance, and then one that they know they follow all the rules and they'll be able to control them a little better, which is Coinbase. You know what I mean? So I believe it's all positional. It's a big chess game. I thought something very similar along those lines is it's possible they went after Binance and that's the main target. But Coinbase is only to make it seem that they weren't targeting Binance. It is possible. Anything is possible in uncharted territories. That's exactly right. And why not go after the two tossboards? Okay, nobody's brought this up. But what about the fact that Sam Bankman freed when FTX went under, Sam Bankman freed was essentially attacked by Binance. So what if the SEC is going after Binance? To get back at the fact, to get back at the fact that Binance sold their FTX tokens publicly, creating a massive sell-off in FTX and essentially having the entire exchange go bankrupt because Binance decided to publicly announce that they were selling their token. Do you think there's a possibility that the SEC is going after Binance because of the fact of what Binance did to FTX? Yes. That's something I thought about. I was like, maybe they're going after Binance because Binance took down FTX and essentially destroyed a whole bunch of Americans' profits in crypto. So they said, well, since you decided to take down one of our major exchanges, why don't we go after you and take down you? FTX was going to be a major player against Binance. So you are absolutely right again, my friend. I strongly believe that. Something going on. There's always these hidden agendas we've learned. We live in a world now where everything that was called a conspiracy theory has become fact. So now we know that everything that we've been told in our lives, we've been lied to. Everything's a lie. So you have to learn how to read between the lines. So when the SEC is going after Binance and then the very next day, once crypto starts to explode, they go after Coinbase. Something is up and we don't know what, but something's going on. Do I think they're going to take down Coinbase? Not really. Do I think that they're going to take down Binance? Absolutely not. Do I think that they're going to beat Ripple? Hell no. I think their best chance is against Coinbase because they're in America. But the sad part about that is if they do take down Coinbase, who suffers? American investors? So are they really helping American investors? They're making a lot of taxes out of this money. What are they doing? The Securities Exchange Commission's modus operandi is to help shareholders. So if they bankrupt Coinbase, how are they helping shareholders? They're not. I just like to know, how does that help shareholders if they ban and freeze assets of Coinbase? You know they were warned. They didn't help anybody. It didn't help any American investors in FTX. Our friend Chris lost 100 grand and his account got frozen. Unbelievable. He's American. Unbelievable. And FTX, and hear me out, FTX came out and said that none of their assets in America were ever, ever illiquid, which means they could have paid everybody back. But their assets got frozen. So those investors got screwed. American investors screwed. Is this going to happen again? They did it on purpose. They didn't want to take a big hit like that. So they stopped buying into the crypto. Possible. I would buy more. They did. And another thing is, yes, they can do something with Binance. Binance USA can be banned from the United States of America, which will probably happen. And that leaves more people to go to Coinbase. So now they want to corrupt Coinbase right now to scare people away. And that's how they're doing it. Second best. What are they going to run to now? KuCoin, crypto.com, Bitbite, I don't know. Oh, man, you know, it might take forever. I mean, they've been talking about banning TikTok for a long time and nothing's happened yet. So it could be one of those as well. And why are they banning TikTok? And why are they banning TikTok? Because TikTok is not American. TikTok is not American. And TikTok is beating every other American social media company as far as engagement, as far as in daily use by young millennials. I mean, I know my kids use TikTok. They do not use YouTube. They do not use Facebook. They do not use LinkedIn. They use TikTok and Instagram and Snapchat. That's what kids use. It's very fun. In my opinion, that's the real reason why they're going after TikTok. Because you're saying you're going after TikTok because they're sharing your information. Didn't Facebook share information publicly? Right? And they didn't do anything to Facebook. Facebook never got shut down. Nope. No, they're still running strong. They sold our information. They made money on our information. That's where the money is coming from. In America, we always have to have some drama. We do. It's crazy. It is unbelievable. The world is a thing. The government ain't doing their job. You know what I mean? You know, I want to say this, unfortunately, has got to be the most realistic quote I've ever heard. And it's too big to fail and too rich to jail. Right? Yeah. I mean, we saw that with Jeffrey Epstein. Yeah, and Sam Bankman. I mean, Donald Trump's kind of in that mode. He immediately committed suicide. Right? Allegedly committed suicide like days after he went to jail. He's still alive. Right before he was able, right before he was able to announce all the people that he brought to his island. I found a list of all of the celebrities. It is unbelievable. I feel like boycotting every single person on that list. But unfortunately, if I was to do that, I can't turn on that television. You guys know exactly what happened, right? With Binance and FTX. So the reason being is because Sam's backed against the wall. He knows a lot of dirt about Binance. So basically Binance, he threatened them. Look, I'm going to leak this and that. If you don't back me up, they'll like screw you because we're going to do this to you and your word is going to be. So they took their chance and they called his bluff, but he went and reported them on a lot of things that he knew about them because they were working hand in hand, bro. Binance was invested into FTX. It wasn't that they were afraid that they were going to catch him on the board because they had no way to catch him because Binance controlled them. Yeah. It sounds like Sam got cornered and started singing to the SEC thinking he's going to get a little pat on the back. You know, he never seen any jail time. So I think he possibly did give out the information. Yeah, because there's a bigger fish out there, Binance. Yeah. That's right. And he's still living at his house. He's a guy who buys. He stole billions of dollars from Americans and international investors and essentially got away with it. He's living at his parents' mansion. Yeah. That's weird. I can't trust it. After he admitted to misusing billions of dollars of funds. Yeah, but why take a little grape like Sam, right? FTX was worth a little grape compared to Binance. And the grape can get you the whole watermelon. Because Binance is clearly operating illegally in the United States. But Binance has the best lawyers in the world. They do. And Binance has already come out and said that they will fight this. And Coinbase has come out and said that the SEC does not want to pick a fight with them. So I believe what's going to happen here, just like with XRP, is that Coinbase, Binance, and XRP will all ruin their cases and they will expose the SEC for the criminal organization that they are, which is an organization that finds companies and steals from shareholders. Because at the end of the day, it's the shareholders that are here. Right. When they find the companies, are they giving them money back to us? No. How many times have you heard that the SEC has fined Goldman Sachs? Never. Billions and billions of dollars. No, they do all the time. They sue them all the time. Can I ask you a question? Mark and Maverick. They sue them all the time. Because that's a payoff. That's a payoff. They get paid off. So it's not even a lawsuit. It has to be announced as a lawsuit to show where our money went. They want to get paid. So if Coinbase has got enough money to give them a billion dollars or Binance has got enough money to give them a billion dollars, then that's what their goal is. That's their end goal. Otherwise, what are they really doing? They're going to shut down these exchanges and have all Americans- It's like the old mafia, but it's really developed. You've got a couple stores on the street to go buy and get paid. Would CEO of Binance get summoned to the United States for this lawsuit? Or would it be taking place on international waters? How would they do that? Okay. So the Binance CEO, and I watch this very closely. I follow all these guys on Twitter. He's already come out and said he wasn't summoned, but then the SEC sent a letter saying he was summoned. So I don't know what to believe. I just know it's going to be a war. Just like it's a war with Ripple. It's going to be a war with Coinbase. And it's going to be a war with Binance. And both Coinbase and Binance are not going to take it lying down. Coinbase has a very good case because their response immediately was, why did you agree for us to go public, just to have all of these millions of investors to invest into our platform. And now two years later threatened to- Without requested. They filed the paperwork to sue- That's without requested. Without requested guidance. They asked for guidance. They would not have anything. The SEC did not have to approve them going public. Similar with Ripple. They have documents that are sealed from 2018. The William Hinman speech was sealed. And the Ripple won it in the case to open up the documents and see what William Hinman said. And now the SEC applied for a motion in order to reseal the documents from public view. So I wonder what's in those documents. Yeah, from public view, that's our information we should be able to see. And they lost which will reveal what's inside of these documents. And I believe the SEC will not give up William Hinman, who is one of their own, or a Gensler. I strongly believe that they honestly would rather settle in this lawsuit instead of give up one of their own. What about the fact that Gensler tried to get a job at Benance two years ago? I read that. And now he's trying to sue them. How funny is that? I read that. And yet he constantly says he's never had crypto. So my question is why do you go and work with Benance if you've never had crypto? Why would you want to work with a crypto exchange if you've never had crypto? I bet you he has crypto right now. He's a liar. What if he was going to be a liar? Somebody's lying, right? OK, guys, we got two minutes left. I'm going to give you guys final statements. We'll start with you, Mark and Maverick. So anything you want to say before we say goodbye? You got one minute. Thank you, everybody, for taking your time. I'm from the blockchain breakdown show. And thanks for having me, Rich TV Live. Thanks for having me, Blaze. I just want to say, check out RippleNet versus the SEC lawsuit. I believe it's going to come to an end soon. I know they might seem like they're taking down the whole market, but what goes up has to come down first. So I strongly believe you guys should look into XRP, XLM, and XDC. And again, thanks, Rich, for having me. And don't forget about ISO 200 or 22 coins. As you can see, I've been filling up a whiteboard. I've got three or four whiteboards now, and I'm running out of room. And guys, the Market Maverick, I have a description in the video down below and a direct link to his YouTube channel. I also have a description in the video and a direct link to Blaze's YouTube channel. And please guys, go and subscribe to both of them. Great content, great guys, and they're totally willing to talk and communicate, answer questions. So if you have any questions, feel free to follow them, ask them whatever you like. And definitely thank you for joining us on Market Maverick, your class act. And I'd love to be able to come on to your show one day as well. And you're always welcome to co-host us here on Rich TV Live for the Bull and Bear Show. And Blaze, what do you think, what are your final thoughts before we say goodbye? Okay, so I'm going to tell everybody, look it. 24-7, I study. That's what you should be doing if you want to be involved in crypto. 24-7, ask questions. Don't be afraid to ask questions. Rich is always around. You can hit him up anyway. You can hit me up. You can hit Mark up. You can hit, you can find me on Live me anywhere. We do shows every day. Don't panic. Protect your assets. Okay. Let things cool down. Okay. That's what I'm telling everybody. Don't panic. This happens all the time. I love it. I love it. Guys, thank you for joining us. Everyone, thank you for joining us. This is the Bull and Bear Show, episode number three. My co-hosts, the Market Maverick and Blaze. Go and follow them. If you like these videos, smash the like button. Comment down below. Share the video everywhere and subscribe. And we're going to be live every single Saturday, 5 p.m. Pacific, 8 p.m. Eastern. If you're not winning, you're probably not watching. We're bringing the winners. We're bringing the news. See all interview. Engaging conversations like we've had today. Gentlemen, I love speaking with you guys. You guys are just class act. Thank you for joining us today. Enjoy your Saturday. Have a great day. This is your host to the most, your boy, Rich from RISTV Live, saying, thank you for watching everybody and have a nice day. See you guys. Thank you guys. Thanks a lot. See you later, Blake.