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Smoking Guns For XRP, ADA, and ETH
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In this video, I discuss possible avenues that the SEC could take when they appeal the Ripple case.
Retail buyers of XRP clearly had a reasonable expectation of profits due to the efforts of Ripple, as we can see from multiple YouTube comments, as well as internal Ripple emails that discuss how to "generate speculative interest in XRP."
This also suggests that Brad Garlinghouse and Chris Larsen will lose their trial by jury.
Retail investors in ADA and ETH were also quite aware of the parent company's role in pumping their tokens, including managing the road map.
By contrast, commodities like Bitcoin never have a road map or centralized leadership.
If Ripple loses their appeal, they will need to pay back the $728 million raised from institutional investors plus hefty fines. This suggests that XRP will continue to face strong price headwinds as insiders use this brief window to continue dumping XRP on retail.
Investing in shipcoins (altcoins) like XRP, ADA, and ETH is hazardous to your wealth. Expect shipcoiners to continue to underperform Bitcoiners in the next cycle as well.
Not investment advice! Consult a financial advisor.
The court's mixed ruling on Ripple:
https://www.theblock.co/post/239474/ripples-xrp-token-surges-28-as-court-issues-ruling-sends-case-to-trial
Judge's ruling in SEC vs Ripple:
https://www.nysd.uscourts.gov/sites/default/files/2023-07/SEC%20vs%20Ripple%207-13-23.pdf
YouTube comments that the SEC can use as evidence:
https://www.youtube.com/watch?v=i04w53pHPT0&lc=UgzypoHV0N0AoIsLLJV4AaABAg&ab_channel=BitcoinUniversity
https://www.youtube.com/watch?v=eJKeq8saTrk&lc=UgwAJdANfLADE7TpU2h4AaABAg&ab_channel=BitcoinUniversity
https://www.youtube.com/watch?v=0BnNtwtvcYs&lc=UgzstZJLYVI_zB_lUld4AaABAg&ab_channel=BitcoinUniversity
Damning internal Ripple email:
https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.868.20.pdf
https://www.courtlistener.com/docket/19857399/securities-and-exchange-commission-v-ripple-labs-inc/?page=6
Please follow Satoshi's Pet on Twitter:
https://twitter.com/petsatoshi/status/1680475429021556740?s=27&t=Kjq4GF7il6HOr-aneBDDzw
ADA investors understood that the team would pump their token:
https://www.reddit.com/r/cardano/comments/7ykv1s/just_went_through_the_whole_list_of_teammembers/
Cardano road map:
https://beincrypto-com.webpkgcache.com/doc/-/s/beincrypto.com/cardano-founder-discusses-roadmap-till-2025/
https://roadmap.cardano.org/en/
Ethereum has a leader and road map too:
https://twitter.com/VitalikButerin/status/1588669782471368704
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#ripple
#xrp
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