Its Brad Garlinghouse versus Gary Gensler as more news begins to pour out of the ongoing FTX scandal. Additionally, where is the Ripple v. SEC lawsuit heading next, and does SWIFT stand to be replaced in the near future? Tonight I cover the hottest stories in crypto today!
0:00 Intro
0:18 Brad v. Gary
2:41 Ripple Lawsuit Update
3:51 SWIFT Replacement?
Links:
https://voi.id/en/technology/237773/gary-gensler-fails-to-anticipate-ftx-collapse-said-ripple-ceo-brad-garlinghouse
https://dailyhodl.com/2022/12/20/ripple-ceo-brad-garlinghouse-calls-gary-genslers-meetings-with-sam-bankman-fried-shameful/
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Welcome to Big Boy crypto my name is Ben Today we're going to be taking a look at Brad Carling house versus Gary ginsler And they're going to be taking a special Look at some other stuff going on with Xrp with a lawsuit uh and will they Replace Swift let's start with this Tweet here from Brad garlinghouse my Hero in crypto to be honest with you uh This 100 it's ridiculous and frankly Shameful that chair ginsler was touting The sec's enforcement actions as the cop On the beat yet per public reports met With SPF multiple times but was caught Completely flat-footed when the alleged Fraud came to light uh this is from The Wall Street Journal this original tweet It says for months Gary ginsler claimed To have authority over crypto and warned About self-dealing at their exchanges Why didn't he investigate FTX and when You really break this down Gary ginsler Is at best incompetent at worst he is The most corrupt politician in in all of Washington D.C Kerry ginsler fails to Anticipate FTX collapse says Ripple CEO Brad garlinghouse Ripple CEO Brad Garinghouse called the meeting of the Chairman of the ussec with FTX founder Sam Bateman freed a shame it's Ridiculous and frankly embarrassing that Ginsler's chairman is touting SEC Reinforcement actions but according to Public reports meetings with Sam Bateman
Free met with Sam Bateman freed several Times but was caught red-handed when the Alleged fraud was finally revealed Garlinghouse said everyone has to Ask Gary ginsler and what SEC changes when Blockfi approves and pays 70 million out Of 100 million US Dollars imposed by Ginsler blockfi makes payments to the SEC for God's sake SEC is the second Largest creditor in Block 5 bankruptcy Said John Deaton now here's what's very Fascinating breaking news today the Money that block fight paid the SEC was Given to them from FTX using customer Funds the SEC is going to actually have To claw back its own funds it received From block five he further questioned The action of Gary ginzer uh who often Urged crypto industry to come to the SEC And block five cases Dean assessed that The SEC did not provide clear guidelines Regarding crypto regulation but what Policies or practical actions are Implemented by the settlement kinzur Said go in and out blockbuy does and it Pays a lot of money to do it but how Does this settlement provide guidance to Others how does this settlement protect Investors truth is Gary ginser has not Done his job at all people he is Supposed to provide Clarity regulation In the crypto space and he has done Neither meanwhile all Gary ginsler cares About is this xrp lawsuit as you guys
Can see which we have a new schedule in The Ripple lawsuit the long-running Lawsuit between us SEC and ripple is yet To receive summary judgment after a Complete deposition by all parties However Attorney James Fallon or phylen I don't even know how to pronounce it to Be honest with you has dropped an Updated schedule of the xrp lawsuit After Ripple and SEC asked the court to Extend the deadline the attorney Informed that till now the parties have Been fully brief for the Motions of Summary judgment it is still unclear Whether these disputes will be resolved Before or at the time of the decision on The Motions however the motion to Exclude expert testimony is fully brief And Still Remains pending he highlighted That District Judge Torres has given out A ruling on these disputes regarding the Ceiling of the Motions in the xrp Lawsuit attorney gave out the crucial Dates ahead in the xrp lawsuit Ribble And SEC are waiting for a ruling on Motions for summary judgment however the Motion to exclude expert testimony is Still pending we are still waiting to See what is going to happen with this But we have been given kind of a new Timeline my estimate for this is that we Will see this case end sometime in Between quarter one and quarter three of Next year but meanwhile even though they
Have this lawsuit and Brad Garlinghouseman fighting against Gary Ginsler Ripple is a company's been Moving forward uh Ripple to replace Swift newest GPI AI direct response to Odl's expansion to more than 40 Countries now odl of course is on-demand Liquidity this is one of the newer Ripple products if you're unfamiliar Back in the day they had these products X current xvia and X rapid they've Redone all of that now they have Ripple Net and odl on-demand liquidity in which You have to use the xrp token to settle Ripple noted that the fiat-based Ribble Net customers are upgrading to odl and Australia Brazil Singapore the UAE the UK and the US xrp prices dropped Approximately 61 in the past year Remains 89 down from its all-time high Of 3.40 cents which it did not match in The previous Bull Run Ripple a leading American blockchain infrastructure Provider fighting the SEC in a lawsuit Is worrying to help reduce cross-border Friction through the real-time global Settlement platform on-demand liquidity The odl has significantly been adopted Worldwide with ripple noting that over 40 new markets have been onboarded in The middle of the lawsuit that is as Such Market strategists unanimously Agree xrp is significantly undervalued And perhaps suppressed by the Ripple vs
SEC lawsuit you don't think Brooks and Whistle as VP of global customer success At Ripple recently noted with odl's Expansion into nearly 40 payout markets Around the world representing 90 of the FX Market the proof is in the pudding Comment below what is your favorite kind Of pudding business can rely on crypto To deliver the speed efficiency security And scalability required to complement Our formerly purely Fiat Financial Infrastructure at low cost additionally Ripple noted that fiat-based rebelnet Customers are upgrading to odl in many Parts of the world however the ongoing Ripple versus SEC lawsuit is seen an Infinitely hampered xrp growth both in The US and overseas for instance xrp's Prize did not surpass its all-time high In the 2021 Bull Run nonetheless the xrb Market is managed to remain in the top 10 crypto projects by valuation it's Held strong because of the connections The company is making when the lawsuit Is finally over and ripple wins or gets A favorable settlement no question in my Mind xrp heading to the Moon all right Guys that's all I got be blessed good Boy out [Music]
