I think for this bull run,
I think you're probably looking at Polygon, Ethereum and XRP.
Cardano right behind it.
I mean, Cardano has got a lot of upside too.
I think for this bull run,
I think you're probably looking at Polygon, Ethereum and XRP.
Cardano right behind it.
I mean, Cardano has got a lot of upside too.
Looking at top stories,
Gensler thinks it's too early to see
if Ripple ruling will lead to more crypto rules.
And also, guys, by the way, if you want to get that deal with Bitget,
make sure to click the link down below.
I can't remember if I said that or not.
SEC chair gave his first public interview,
said that agency has made or proposed digital assets-specific rules.
Did you see what they replied to Fox News or Fox Business?
They're like written reaction.
"We are pleased with the court's decision today to do this and do this.
We just--
we felt this way and they didn't feel--"
whatever it was,
it was like the most--
like, take your L, Gary Gensler.
Take it. Take your L.
You can't spin a win out of this.
There's no win coming out of this for you, sir.
Gensler went on to note the SEC has proposed rule changes
during his tenure that apply to digital assets.
"There's rules on the books about what it means to be a securities exchange,
a broker and investment adviser."
These are rules on the books.
Yeah, these are very simple rules that were not that questionable.
One of them was, but--
companies and crypto industry advocates have pushed back against some of those proposed rules,
which included applying the definition of exchange to decentralized financial entities
and making it explicit that custodial rules apply to digital assets.
The financial markets regulator also challenged the concept of decentralized finance.
There's probably something legitimate there.
Can't comment on ongoing litigation,
which basically means "I don't want to tell you we're going to lose the rest of them,
but we're going to lose the rest of them."
Gensler declined to comment directly on the Ripple case.
They might get Justin Sun for market manipulation.
I think they might get him for that.
But they're not going to get Tron on being a security.
They're not going to get BitTorrent on being a security, certainly.
How stupid is that?
"We are asked by members of Congress, both in the House and Senate,
and we generally give them our feedback directly rather than through the interviews on-air.
I'm going to save our comments for any draft legislation
for members who are asking us directly."
Aka "I'm not going to tell you what I think because I don't want you to know what I think.
So that way, I can come back in and be a hero with Congress."
Judge Torres has referred the case to Magistrate Judge Sarah Netburn
for general pretrial,
including the aspects of scheduling, discovery, blah, blah, blah, blah.
What is it about?
She wants them to explore the possibility of a settlement.
Suggestion does not guarantee an eminent resolution.
Must first decide if they believe a settlement conference
would be productive at this stage.
Ellie Terret said it means if they do decide on a date,
it'll have to be schedule six to eight weeks in advance.
But, guys, let me tell you why none of this matters.
I want to tell you why none of this matters.
Okay?
None of this matters
because we all thought when we were talking about a possible appeal from the SEC,
that the thing--
to do another case, to do a trial,
was all going to be over XRP being a security.
Very clearly said it's not a security.
Very clearly.
Especially for retail investors, which what we care about.
So even if this does go to retrial
or even if they appeal aspects that they lose in the trial,
they're--
I don't think they're going to be able to appeal the other part.
That's what sticks.
That's what matters.
And we're already seeing exchanges are not afraid to relist it
because they relist for secondary market for the retail traders.
So I don't think this matters at all.
It's something we're going to follow and watch to see,
but I don't think this is a deterrent.
Go ahead do case whenever.
Nobody cares anymore.
We won.
You lost.
Gary Gensler, take your L and do not freaking bite my finger.
Okay. We got a couple of those you want to show real quick?
Yeah.
Two vodka tonics to go to sleep.