Gensler Fires SEC Lawyers🔥Ripple Refuses $2 Billion Fine

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  • Опубліковано 8 чер 2024
  • Ripple Labs is pushing back against the hefty fine proposed by the U.S. Securities and Exchange Commission (SEC) in their ongoing legal battle over XRP. Ripple's defense claims the SEC's penalty demands exceed precedent by over twenty times compared to similar digital asset cases.
    ~This episode is sponsored by iTrust Capital~
    iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ bit.ly/iTrustPaul
    00:00 intro
    00:15 Sponsor: iTrust Capital
    00:51 Ripple Files Opposition
    01:16 SEC Lawyers "Resign"
    02:31 SEC Minority Report Defense
    03:19 SEC Delays Backfire
    03:48 Failure to "Accept Responsiblity"
    04:20 $2 Billion vs Bank Fraud Fines
    05:39 Crypto Sueing SEC
    06:07 Gary Gensler Hearing Incoming
    06:40 FUD Incoming
    07:07 SEC Delays Ethereum ETF
    08:02 Senate vs Presidential Election
    10:56 U.S. Innovation at Risk
    12:20 outro
    #XRP #Ripple #Crypto
    ~Gensler Fires SEC Lawyers🔥Ripple Refuses $2 Billion Fine~
    ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
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    ───────────────────────────

КОМЕНТАРІ • 92

  • @samuellorde1139
    @samuellorde1139 Місяць тому +47

    This case needs to be Thrown out! A waste of taxpayers money!!!

    • @cryptogumbyckb1183
      @cryptogumbyckb1183 Місяць тому +6

      a waste of Ripples $$$ too

    • @geoms6263
      @geoms6263 Місяць тому +1

      circular economy

    • @twinturbo3461
      @twinturbo3461 Місяць тому

      The United States courts and justice system is designed to help big crooks like JP Morgan. It's disgusting and the whole thing needs an overhaul.

  • @magnoliav12
    @magnoliav12 Місяць тому +46

    Gensler's the one who needs to go

    • @firewoodtime2
      @firewoodtime2 Місяць тому

      If we broke theb law like he has(according to several judges), we'd be in great trouble. He breaks the law, nothing happens.... he keeps punishing America companies

  • @russberg900
    @russberg900 Місяць тому +27

    I would donate to any organization that would sue the SEC for crypto!

    • @ducatirottie
      @ducatirottie Місяць тому

      😂😂💪🏽

    • @AW-zu6fr
      @AW-zu6fr Місяць тому

      If all investors contributed to a class action lawsuit against the sec that would be good.

  • @NatiaMaisuradze-ey5iq
    @NatiaMaisuradze-ey5iq Місяць тому +33

    Seeing patterns recur in financial markets over time is quite fascinating. Artur Grandi's book offers a systematic approach to keeping investments stable and explores opportunities, including cryptocurrencies.

  • @UNisNWO
    @UNisNWO Місяць тому +89

    Go Ripple, go!!! Stick it to the man

  • @OaseDaniel
    @OaseDaniel Місяць тому +4

    What’s the point of making GG testify before congress unless they can make him actually answer their questions?

  • @messiah4980
    @messiah4980 Місяць тому +3

    Good stuff

  • @charliemac1091
    @charliemac1091 Місяць тому +8

    All I hear is ripple will be selling more xrp to pay for this court case.

  • @user-vq5tv1zz4c
    @user-vq5tv1zz4c Місяць тому +1

    thank you paul

  • @Hassan-nu3rp
    @Hassan-nu3rp Місяць тому +1

    Does anyone know when is the next court hearing

  • @bukuism
    @bukuism Місяць тому +4

    Can someone repost the list of reps who support crypto per US state?

  • @timmerck9167
    @timmerck9167 Місяць тому +14

    Any comment on Blackrock tokenizing on Hedera

    • @BMCTelevision
      @BMCTelevision Місяць тому +1

      Is BlackRock also tokenizing on Ethereum ? Does anyone know? I read it but the Hedera deal is confusing but I am pleased as I own both 😊

    • @tobiuchiha8370
      @tobiuchiha8370 Місяць тому +1

      Oh really? 👀

    • @janellc900
      @janellc900 Місяць тому +1

      Yes and I saw on DHN channel he posted part of the information which seems 😮. The funds can keep $ in the fund, make their % but trade against unregulated cryptos. Providing a lot of liquidity. Didn't expect to see anything mentioned here (where Hedera is apparently a "don't mention") so 👍 for bringing it up. If it was about SoldOnUh, would've probably been an instant Livestream here with bells and whistles. 😂

    • @TortolaBeachBum
      @TortolaBeachBum Місяць тому

      Why no news from HBAR ?

    • @RagGerRock888
      @RagGerRock888 Місяць тому

      🥱

  • @joeblack440
    @joeblack440 Місяць тому +10

    no HBAR? what a suprise

    • @airwicky5441
      @airwicky5441 Місяць тому +2

      and if it was Solana .. OMG 😱 lmao

  • @Mattshank-uo6jl
    @Mattshank-uo6jl Місяць тому +2

    Glad these two SEC attorneys are gone but now Genzler needs to go. Crypto needs to be under the CFTC not the SEC.

  • @ContesdelOmbre
    @ContesdelOmbre Місяць тому

    possible to talk about XLM ?

  • @713hunsberger
    @713hunsberger Місяць тому +4

    Im telling y'all, XRP will be #1

  • @brianroberts8512
    @brianroberts8512 Місяць тому +1

    Still waiting on that against Celsius and FTX

  • @r2153
    @r2153 Місяць тому +3

    “JP Dimon” is “spearheading”. Warren is just a mercenary.

  • @CryptoBull1972
    @CryptoBull1972 Місяць тому +4

    WE know the SEC is managed by the FED. GG is just a mouth piece and wont be replaced by anybody better. Lawyers quitting is good news though it makes look bad to SEC AND GG

  • @Bluddsport77
    @Bluddsport77 Місяць тому +3

    Hey Paul! How come blackrock didn't let grayscale do their selling and crash price AND THEN make their purchases??

    • @SteveAndrias
      @SteveAndrias Місяць тому +1

      Yea...I was wondering that too, buddy.

    • @drewcover2864
      @drewcover2864 Місяць тому

      Because its not Blackrocks money, Its retail money. Also Grayscale drained because all the other ETFs came onto the scene offering much lower fees

  • @solutionstheory
    @solutionstheory Місяць тому +2

    This all seems similar to what Monsanto did to farmers, only Monsanto won. Crops bearing their own seeds meant they were decentralized. The SEC is using the same tactic only it's much more clear what they're doing is a violation because of blockchain. Imagine if bitcoin was patented.

  • @Norseman311
    @Norseman311 Місяць тому +5

    Ripple escrow horrible tokenomics just saying

  • @USVIsteve
    @USVIsteve Місяць тому +1

    I suspect gensler will step down the day before the hearing citing a newfound desire to spend more time with his family.

  • @Polymath423
    @Polymath423 Місяць тому +1

    🚀🌕

  • @franknewman1587
    @franknewman1587 Місяць тому +1

    Ban together and sue the sec lol nice tactic 😅

  • @abdallahsofiane9554
    @abdallahsofiane9554 Місяць тому

    Why not ? 2B is only a slap on the hands of BG and CL. Let them sell some of their BTC and XRP and pay so we can move on

  • @chrishale9396
    @chrishale9396 Місяць тому

    What does this mean, what does this mean… probably not a Damn thang !

  • @davycrockett8886
    @davycrockett8886 Місяць тому +4

    ETH etf is coming!

    • @info_fox
      @info_fox Місяць тому +1

      Nope... SEC haven't even looked at it

    • @info_fox
      @info_fox Місяць тому

      I'm saying the deadline is in May and the SEC hasn't commented on the filing which means it's stonewalled.

    • @ducatirottie
      @ducatirottie Місяць тому +1

      ETHgate is going to sink it!!!! This is what Gary is scared of!

    • @dex4sure361
      @dex4sure361 Місяць тому

      @@info_fox SEC will lose the case, they can only delay until lawsuit is filed against them which they will lose.

    • @davycrockett8886
      @davycrockett8886 Місяць тому

      @@ducatirottie ETHgwate is a joke that only conspiracy theorists consider. Stephen is an extortion artist.

  • @jw-lk1pe
    @jw-lk1pe Місяць тому

    why doesn't Torres just dismiss this case in its' entirety???

  • @giovanni8286
    @giovanni8286 Місяць тому

    That’s called extortion

  • @twinturbo3461
    @twinturbo3461 Місяць тому

    I'm beginning to think that GG was at Bohemian Grove and did some questionable and embarrassing things that have landed him in the 'I got blackmailed' zone.

  • @kjo68
    @kjo68 Місяць тому

    thin-k of XRP not memecoins ok

  • @ShimAzu700
    @ShimAzu700 Місяць тому +2

    Feels like ripple and SEC just playing together on the Cryptocurrency market, Been there for long time over 8 years following everything, seems that USA administrators just coordinating action to delay Cryptocurrency involvement with the world of finance till the find the right time to launch it 😮

    • @lucdubois3927
      @lucdubois3927 Місяць тому

      You got it. It's all a show to delay, delay and delay, until the market is mature enough. And then the one that got investigated through and through and survived will receive the "seal of approval", XRP.

  • @scotty06wwjd
    @scotty06wwjd Місяць тому +1

    BYE GARY! SEC is going to lose against Richard Heart, Coinbase, & Kraken!

  • @youlovechika
    @youlovechika Місяць тому +1

    costco $pizza

  • @noah4087
    @noah4087 Місяць тому +1

    you should be more bullish on xrp Paul!

  • @szchrist420
    @szchrist420 Місяць тому +1

    Ripple is the man lol

  • @Lee-mw4mb
    @Lee-mw4mb Місяць тому

    🌹🌹🌹🌹🌹

  • @its736
    @its736 Місяць тому

    😂😂😂🎉 🔥🔥🔥🔥

  • @richarddotschmidt
    @richarddotschmidt Місяць тому

    👋

  • @arthurv4401
    @arthurv4401 Місяць тому +2

    I prefer hbar instead of xrp if i am honest

  • @dingdongdaddy589
    @dingdongdaddy589 Місяць тому

    🙅🏽‍♂️

  • @notfromthisworld7558
    @notfromthisworld7558 Місяць тому

    😂😂😂😂😂😂👀🙅🏻‍♂️🍻

  • @bringerofthedawn5544
    @bringerofthedawn5544 Місяць тому

    . . . . . . . . . XRP to 1k by 2030. Nothing can stop what's coming.

  • @rjon591
    @rjon591 Місяць тому

    Will they always be our keepers... Are they going to take us where they want us to go. Their choice, not ours. Someone told us they are our gods and we have no choice. This place is hll and we are headed to the wrong future without our freedom from actions like this

  • @retpal2302
    @retpal2302 Місяць тому

    Warren is a government Karen.

  • @alsimeone9688
    @alsimeone9688 Місяць тому +1

    Very interesting that UA-cam can't stop these absurd scam adds.... You would think they could identify them pretty easy. Something is not adding up.

    • @rjon591
      @rjon591 Місяць тому

      It's the Money man and it's adding up

  • @thelight1119
    @thelight1119 Місяць тому +2

    HBAR bullrun has started let’s go

  • @kevinkester9933
    @kevinkester9933 Місяць тому

    Two billion.. Same Trump judge?

  • @thelight1119
    @thelight1119 Місяць тому +2

    I love xrp but HBAR bullrun finally started

  • @lurker668
    @lurker668 Місяць тому

    It means nothing for crypto.

  • @yaseinoshoumei
    @yaseinoshoumei Місяць тому

    I wonder if this coin will be abandoned in Japan.
    Indeed, who would buy a coin that has been fighting the sec for years and is worth less than a dollar?

  • @RagGerRock888
    @RagGerRock888 Місяць тому

    First they mock you……. Fight phase. 🥱