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My name is Ben.
Today, we're going to be discussing the Ripple-SEC lawsuit
and why, for all intents and purposes,
it's dead. It's over.
Now, it's not actually over yet.
We don't have a settlement yet.
But what I will tell you is this.
The news that came out on Friday,
which made the Ripple price go up considerably,
is so big
that it is impossible for the SEC to overcome this.
This is why they have been fighting it tooth and nail.
This basically is similar to like,
let's say you're watching your, you know, there's a court case going on,
and there's one piece of key evidence,
and if that evidence gets submitted and used,
then it's going to damn either the prosecution or the defense.
That is what we have here with the fair notice defense.
Now, what does this mean? And what happened?
The fair notice defense is an angle that Ripple is trying to play
to say that it was impossible for them to know
whether or not they were doing an illegal token sale
because the SEC knew they were going to do it
and never contacted them and gave them fair notice saying,
"Hey, you know, if you're going to do this, you know, we think you might be a security."
Of course, obviously, the SEC didn't think that.
That's why they never did it.
Therefore, they were not delivering Ripple Labs with fair notice of what they were doing.
So this has been a big contention point in this case for several weeks,
several months now, actually.
On Friday, the judge in the case, Analisa Torres,
ruled that Ripple will be allowed to go forward with the fair notice defense.
The SEC had been trying to strike this down and not allow them to do that.
And so now,
we're in a situation where it is cut and dry at this point.
There was no notice given!
There was literally no notice from the SEC to Ripple ahead of the token sale.
That's the entire argument.
Since there was no notice,
and since Ripple is now going to be able to play the fair notice defense,
the SEC has nothing.
They're grasping at straws at this point.
That's why you've been seeing the slow posturing from the SEC,
from Gary Gensler,
from Hester Peirce,
from everyone involved.
We think the SEC is going to take an L on this one.
We think they're going to take an L on this one.
And that's exactly what is going to happen.
Now, it is important to note that you do have certain people out there like Jeremy Hogan
who is telling you that this is a gigantic deal.
You also have people like John Deaton, the other big named Ripple attorney.
I mean, he's not an attorney for Ripple.
He's involved in a class action lawsuit.
We had him on the channel several times.
And he says, he's always said, that this was not important.
And the reason why is because he knew there was no way the SEC was going to strike this.
So the actual decision on whether to allow Ripple to use the fair notice defense or not
was a foregone conclusion in his mind.
He believes that the more important situation here,
that the more important, you know, fact to this case is going to rely around
the William Hinman emails.
If you don't know William Hinman,
he was in charge of all, basically--
I think he was like in charge of all business- related activities for the SEC back in 2015.
And he basically said that, you know,
Ethereum was not a security.
And a lot of people took that as gospel truth.
Well, a lot of the same qualifications that he used in that talk
where he said Ethereum is not security
apply to Ripple and apply to XRP.
So basically, the thought is, is that if his emails
that floated around the SEC are allowed to get turned in to this case,
that that will also be further damnation for the SEC
as it's going to be very apparent
that back then no one thought that XRP was a security.
This is all being done--
think about the way this was done, this case was done.
Jay Clayton, outgoing SEC Commissioner, fires this lawsuit off right as he moves on
and dirty Gary Gensler comes in.
It's because he knew that they couldn't win this case.
He just wanted to cause headaches for Ripple and for XRP investors.
And if you're an XRP investor,
you should be mad as hell.
To be honest with you, you should be mad as hell
that this whole thing has been allowed to go on.
But the good news is,
this is like a swelling volcano.
Right now, all the magma is getting prepared
to get absolutely rocketed out when the volcano explodes.
And that is going to be when this lawsuit is officially over.
When the settlement comes down,
the price of XRP is going to go through the roof.
There's no question about it.
And it's going to set XRP up in a way that even if it doesn't,
like, let's say it doesn't go to, you know, $5 or $10 after this case is over,
it has now set Ripple up for further investment by retail people that were scared in the past.
Meaning the upside for Ripple,
the upside for XRP is now going to be dramatically higher than it previously was.
So, look, it's just like anything else, right?
Like, a lot of times, people mean things to hurt you.
They do things that they think are going to work against you.
You may be going through something in your life
where, you know, things are not going right and it sucks,
and, you know, woe is me and all this,
but almost to a tee,
every time you look back in something hard in your life,
something you've gone through that was very difficult,
when you finally get the end result you're looking for,
when things finally do turn around,
you look back and you say, "I'm only stronger because of that stuff that I went through."
I think, XRP investors, this is the way that your future is going to look.
You're going to crush it.
The price of XRP is going to go through the roof.
You're going to be so glad that you HODLed,
so glad that you held on during all of the FUD, during the SEC case.
When nobody else can invest, you were doing it.
You're going to look back, and you're going to say,
"Man, I'm glad it worked out the way that it worked out."
And I think that's what we're all going to see.
So drop your comments down below.
Let me know, Ripple community, what you think about this fair notice defense.
Is this the end of the SEC lawsuit?
I believe 100% that this spells the beginning of the end.
I think this is how we slowly, you know, finally get the settlement details coming out.
So drop that down below.
That's all I got.
I'm about to go coach baseball.
Be blessed.
BitBoy out.