SEC vs Crypto – Ethereum Consensys Security Case, Ripple XRP Lawsuit, Biden Trump Crypto Election

SEC vs Crypto – Ethereum Consensys Security Case, Ripple XRP Lawsuit, Biden Trump Crypto Election

they’re getting pressure but they haven’t capitulated yet the SEC and the Biden Administration in general is making the smallest most non-substantive moves possible to try and plate the crypto vote without actually doing anything that’s favorable and [Music] Lasting this content is brought to you by vchain which is a leading Enterprise grade layer one public blockchain spearheading a digital Revolution from a sustainable highly scalable smart contract platform the vchain blockchain has many unique features which makes it an ideal choice for web 3 applications vchain is working with many great Enterprises such as PWC gonci BMW and Walmart China most recently they partnered with the Boston Consulting Group to build a revolutionary decentralized application ecos system I’m a big believer in this project I have been since 2018 I’ve been a vet token holder for years and this blockchain is highly scalable uh great with security and speed and it has low energy consumption if you’d like to learn more about vchain please visit vain. org link will be in the description welcome to the thinking crypto podcast I’m your host Tony Edward and with me today’s Attorney Fred rispoli who’s the founder of H law Fred great to have you back on it is it’s a pleasure to be back on with you Tony Fred we’ve of course talked over the years about different cases as it relates to the SEC and uh the most recent is of course the SEC versus ethereum and supposedly they have dropped their investigation into eth as a security or ethereum 2.0 and I guess some of their investigations around consensus uh you had some thoughts I saw your tweets tell us about this sure you got to realize that this is not what it seems and I would say that in the backr drop of the Biden Administration has been very anti- crypto you know everybody is aware of that but they’ve been doing a couple of things lately where you thought oh maybe they’re not as anti- crypto or they’re trying to be less anti- crypto as we thought which is we got Sav 121 pass we didn’t think there was going to be a veto we got the ethereum ETF uh quazite were halfway approved but what I would caution is that I think this is just kind of a fake how much can we look Pro crypto without actually being pro crypto and what can we do kicking and screaming in order to do the least amount of proc crypto uh actions that are possible and so obviously because you get the veto with Sab 121 you get this ethereum ETF that is still kind of dragging along it’s it’s still unclear when exactly the it’s going to be fully approved and go in and this lawsuit against consensus is the exact same thing and what I mean by that is the investigation was um quote unquote dropped in the sense that we have a onep paragraph letter from the SEC saying this particular case with a particular case number uh is done and they are not going to recommend an enforcement action well we don’t quite know how many investigations are ongoing against consensus or um any of the ethereum foundations we have consensus saying saying this was not anything to do with metamask and staking so we still have that issue out there and of course you know the SEC because of the way it’s been acting lately with crypto you don’t know what it’s going to do at any given time this is a one paragraph letter is not set in stone for anything it’s definitely good but it’s not set in stone for anything and what’s critical is that uh the consensus people said we are still going forward with our lawsuit in Texas and the lawsuit in Tex us is exactly the same lawsuit that the SEC would have brought against consensus so with um the burden of proof shifted and you know the the threat of penalties are not as worrisome as they were if the SEC was bringing it and so it’s not going to be an enforcement action but they’re suing the SEC over the exact same thing and this is very similar to the lawsuit R firm has against the SEC right and so what we don’t know is what was going on between the lawyers at the SEC and consensus as as to do with this Texas lawsuit because if the SEC is still very anti- crypto and they’re still going to go after ethereum then you’re going to see this lawsuit go forward and you may even see the not move to dismiss it like they did in the hotle law case and we’re going to find out we should find out either at the end of June or early July ju the SEC has to file a response in Texas and so they’re either going to move to dismiss it saying consensus doesn’t same thing against our firm consensus doesn’t have the right to force us to make a decision on ethereum then everybody knows that they’re still kind of keeping things hidden or they’ll come right out and say Yes uh they won’t even try and dismiss it they’ll say here’s the answer to your complaint ethereum is a security and then it’s Off to the Races I think that they’re going to probably try and move to dismiss to keep everything in a gray area but the fact that that case wasn’t withdrawn and that consensus is pursuing it tells you that it’s still an open question there’s so many layers that is Union to peel away because it goes back to Bill Hinman right um and could the SEC also be trying to avoid any of these things being brought to light and them looking like Hypocrites or fools that they did this in the past now they’re trying to say ethereum say security but also genser is stuck in a rock in a hard place because he could get sued if he denies the ethereum spot ETF and the only legal basis I could think of that him denying would be like oh well ethereum has this issue in these lawsuits that is potentially security not saying a security can’t be in an ETF but the same principles that were used against him with Bitcoin could be used with ethereum so it’s like they have to keep things in a gray area because there’s if you go in One Direction oh this brings up this problem what did you do in the past and do you want to get sued by Black Rock and Fidelity and so forth I don’t know if you agree with me there now you’re 100% right and the one thing that we both know but you didn’t mention was that the SEC has no shame so it doesn’t really matter uh what it argues it can be completely contradictory it has no shame because it has no accountability and you don’t have to look any farther than the debt box case for that even after they got caught with their hand in the cookie CH they still tried to lie to get out of it the judge slapped him with a huge fine and they shut down their entire office but you know I mean hopefully something does eventually happen the government does work slow even if it is going to hold someone accountable but there’s been zero indication that there is going to be true accountability so bringing that back to what you said the um SEC could slow play I don’t think it will but the SEC could slow play approving these s1s and then at the very end say actually we don’t think that you’ve really done everything you could in no ETF and then somebody’s got to sue them and that just delays everything it’s just a great way to prolong everything I do think they’re going to approve the s1s but we still got to figure out exactly what that’s even going to mean and the devil’s going to be in the details because you know everybody that’s saying oh ethereum’s not a security because there’s language that’s in a commodity trust in the ethereum ETF well that doesn’t mean anything because coinbase said we don’t deal insecurities on our platform and the SEC is like great we’re going to improve your S1 statement you’re good to go and then they sued them so I mean it means nothing the SEC could come out and say hey just so you know you have to put a disclosure in that says only ether in this uh commodity based trust is what we’re talking about that’s you know not a security and then that leaves everything else how you me um anybody transacts in it still an open question so they just don’t have account ility and there’s no way to force that without lawsuits which take a long time and so yes they are still operating completely in the gray area you know as of right now now going back to your firm’s case against the SEC does that become reactivating anyway based on what consensus does uh and please ignore my ignorance around this like I don’t know how all that would work that’s fine I will ignore your ignorance um now the uh it’s complicated so you know our lawsuit was filed back in November of 22 it was denied or the motion to dismiss from the SEC was granted SEC just said we don’t have to tell hot law anything you can’t force us to make a decision on ethereum um he can’t sue us the firm can’t sue us District Court agreed we filed an appeal again this takes time so we’re just now fully briefed the hot Law’s appeal of the grant the motion to dismiss you know our appeal is saying that hey a citizen a you know us company can force the SEC to answer this when this threat of enforcement looms you know large overhead especially when an agency says they’re in charge and they’ve taken 10 years it’s been about 10 years almost since ethereum’s been out there you know to to say something and so we did the briefing and you know fortunately we have an oral argument coming up in front of the ninth circuit I I’ll send you the details but I think you can watch that live everybody can see me struggle and Flounder uh up in front of the ninth circuit it’s on July 18th um it’s going to be I think at 9:30 in the morning uh and then they’re going to make a decision and that’s going to be a big deal if um not you know it’s going to stink to lose but it’s you know it kind of means nothing but if we win and we it’s reverse then we get to go back to the district court and actually fight the SEC in Discovery you know about these issues and that’ll be huge it’ll be Monumental because it’ll be a ninth circuit ruling that covers you know the whole west coast of the US um and so you know the lawsuit’s not reactivated it’s still been going it’s coming up to a critical part right now with this argument um and I’m you know I was I it it is very similar to what’s going on in consensus and so you know rather than put itself the SEC has not made a response to the consensus lawsuit yet and so there’s nothing that is contradictor what it’s done in our hotle law case and I am I’m watching it very closely to see if they do because yes you know if they come out and say ethereum is a security and let’s go off to the races and do this litigation in Texas then it would almost kind of force the court to say all right well then hle law can sue you too because you’ve made a decision so you know they’re they’re delaying as much as possible because you know they they don’t have to um make this responsive finally until you know I think end of this end of June or early July now Fred what’s fascinating is that Donald Trump uh presidential candidate former president of course um has been coming out saying he’s the pro crypto candidate uh he has called out genser specifically by name say genser hates it Biden doesn’t know what it is right I I’m paraphrasing and and then you had just a hearing I think it was last week or week before Senator hagy brought it up uh about etherum status asking both the uh cfdc chair and Gary genser is ethereum a commodity Gary genser couldn’t even answer right so do you think the political pressure starting from Donald Trump is going to force the SEC to capitulate here that in addition to the skeletons in the closet uh they’re getting this mounting pressure they’re getting called out they’re getting pressure but they haven’t capitulated yet and it’s just basically what I said a little bit earlier on in the interview which is that they are the SEC and the Biden Administration in general is making the smallest most non-substantive moves possible to try and plate the crypto vote without actually doing anything that’s favorable and Lasting and so you know that’s the same thing that’s going on here in my opinion and you know I I’m very happy that Donald Trump is making a lot of pro crypto statements but I don’t want any body to forget that it was just as bad under Donald Trump W uh you know as it is under Biden he had J Clayton he put Jay Clayton in there who was also a disaster for crypto so you know I do credit uh Donald Trump with having his finger on the pulse of the country and knowing where the country is going and recognizing that when 50 to 80 million people own crypto that’s a sizable voter block especially when a a portion of that group says they’re going to be sole issue voters single issue voters so you know he’s doing exactly what needs to be done but remember fortunately when you’re not in government you can say anything you want to get votes and then what happens in office is a whole different story we saw you know Administration one I don’t think it was really I can’t remember but I don’t think the campaign was anything I know he said some anti- Bitcoin stuff when he was at when he was president but he does have you know some older Millennials advising him that if they are in the right spots it could be extremely uh good for the industry but you know again it’s um it’s not substantive it’s just great uh campaigning let’s hope that if he’s elected he’ll follow through but that’s about as far as he can go yeah look I mean I I think to your point a game of politics is being played here and we know how that goes right we we can’t take everything at face value uh got to take it with a grain of salt I think the one thing we can at least hope for is the some of these folks are not against crypto like Donald Trump was I think more against it when he was president now he’s not so much against it but if he becomes president again he’s more neutral um but I don’t think you know I’m not taking everything he says like oh he’s gonna do this we got to wait and see this is the game of politics um I’ll just say real quick it would be much better uh for crypto if you know somebody like Elizabeth Warren went down and she’s against this guy uh I don’t know I think um I know John Deon one of the greatest candidates there could be for the Senate so anybody in Massachusetts uh make sure you’re registered get your ass to the polls or get your absentee balloted absolutely and that’s a great point because I think you and I and the rest of the people can agree that we haven’t heard one word from Biden himself about crypto I haven’t seen anything not a tweet not a statement not a a video of him saying anything and we know who’s pulling the strings we it’s Elizabeth Warren so we got to get her out yeah I would only slightly disagree she’s pulling the strings on the financial policies I think there’s a handful of people pulling the strings uh for other things because I um I mean I know this isn’t the point of the channel but as someone who spent 15 years you know fighting for the rights of uh elderly vulnerable adult you know I I it makes me very upset when anybody criticizes Joe Biden because he’s a vulnerable adult that can’t really make his own choices and I uh you know I think it’s terrible what they’re doing to him so Fred I that threw me out track there um so it’s crazy do you think uh crypto is going to come up at at the debate coming up uh if not this one but move to a second that that’s got to be something you can bet on in one of those crypto betting markets I think it is going to come up uh I do think it’s gon to come up and I think it might come up if it doesn’t come up in this one it’s GNA come up in a debate for sure but I if I had to bet I would put money that it comes up this week yeah that’s something that could also I mean that could easily confuse Joe Biden if Trump starts hammering him on crypto and just says like besides Bitcoin I mean if he said Bitcoin and ethereum and said Joe I bet you don’t even know what ethereum is I I think that would be a disaster for Joe Biden to be honest oh yeah for sure especially you know I was not to get too political but look these are facts like there’s been reports coming out that Democrats are losing a lot of younger voters historically they’ve been getting a lot of the young vote so if they’re losing the younger vote not just because of crypto but then you add crypto on top of that it’s it’s not looking great but for them at all and I think that’s why some of these Democrats are panicking and saying hey we’re stepping away from Elizabeth Warren and Gary genser we’re going to side with the Republicans to get the fit bill out the house repeal sa one 121 what do you think about that I mean not much to add you’re 100% on topic um now there’s other things happening with the SEC and and other lawsuits right uh we saw they went after Unis swap then Robin Hood anything that you’re seeing and Kraken of course they got the situation going on anything that you’re seeing that would change anything any Dynamic anybody coming out as a winner or is too early to determine this it is a little too early so again we’re in what I said at the beginning which is the SEC is doing a few things that is making it look like they’re going to be a little more reasonable without actually doing anything substantive yet so uh I did lose track a little bit of Unis Swap and Robin Hood and I only started trying to catch up 10 minutes before we started but my understanding is that uh there actually are no lawsuits no enforcement actions yet Unis swap got the Welles notice Robin Hood got the Welles notice and there hasn’t been any filing um I don’t think there’s a legal complaint that’s been filed yet which is good because um you know Ripple got the wells notice and they were sued pretty quickly after that um I will say uh um I I couldn’t find out about Robin Hood but for UNIS swap they’ve got the same attorney as Ripple does and so I mean that’s just been a money-making Bonanza for that firm I mean if he gets I mean he he’s probably that firm is banking hoping the SEC continues to say anti- crypto because I mean just with ripple and I mean Unis Swap and Robinhood can also pay these uh Ripple like lawyer fees that actually will uh that that would be poor for their that law firm’s business if the SEC tones it down so so they haven’t filed the lawsuits yet to my understanding that’s a positive sign uh coinbase we waiting on that interlocutory appeal order I don’t think that’s going to be granted uh then it’s then coinbase gets the Ripple treatment Kraken just lost their motion to dismiss again that wasn’t uh surprising they get the Ripple treatment get they get to go through Discovery and you know that’s going to be a two-year process um to see what’s going on there and so um yeah for those cases you know that’s where we are I feel like the SEC is copying and pasting here for these different exchanges right uh same thing oh you’re you got these coins or Securities blah blah blah we don’t we’re not GNA say why but here’s a lawsuit yeah I mean I guarantee you they take the last one control F for the defendant and well they don’t have to do that that much because you just after you’re name them once you just refer to defendant so they just have to fix the factual you know actually I’ve gone through it they cutting past CU I I remember checking for this and so yeah but again that was um pre this you know I think there was a big change with this ethereum approval you know I was uh almost locked in that it was going to take another grayscale like lawsuit like with Bitcoin to get that thing moving but it hasn’t it still might but it is looking favorable um and so things have changed let’s see if it’s substantive or if they’re going to slow playay it obviously that’s a great segue into to secb Ripple because we’re about to get the judgment and you know once the Judgment comes through um when you’re uh suing a government part or when a government part is involved you’ve got 60 days instead of 30 to do the appeal to file the notice of an appeal so once we get that judgment the SEC can delay 60 days on whether they’re going to appeal or not and then you know that’ll be a huge sign as to know where we’re going with this SEC right now and Fred the judgement is going to be the amount Ripple has to pay for the institutional sales correct but the more important thing is what is the injunction going to be uh what is Ripple going to be prevented from doing uh ever again and so that’s really the money I mean obviously if it’s $2 billion that would be tough for ripple and not really even like a killer but it would definitely hurt yeah it’s not going to be that you know I’m I would put my money on it’s going to be under 25 million um and and really a penalty only as opposed to disgorgement but the key is what is Ripple prevented from doing the SEC wants a broad sweeping injunction you know they put it in their proposed order that you know Ripple can’t do anything you know that’s even remotely like what it got uh ruled as um unregistered Securities transactions in in the case last year and ripple is saying hey listen we won’t do anything that you told us we couldn’t do judge in this you know ruling that you gave last year but everything else now is completely different and you know in their responsive pleadings they said how it’s different and you know the SEC came back and said it’s not different at all it’s really just the same and so that’s the I mean that’s more important than actually the ruling was last year um but what I am I’m very confident on is that the judge is really going to just do an order that says everything that I said was uh an unregistered Securities transaction Ripple can never do again and that’s going to be that and so and she’ll and there there that’ll probably be it but there might be some type of language uh in the ruling well there’ll be an order which I think the order will say but I think in her op opinion that’ll be a little more explanatory it will say something along the lines of Ripple said it’s changed his contracts by doing Y and Z and the SEC says this isn’t good enough that evidence is not before me and I’m not going to rule on that obviously the SEC can bring another lawsuit if it wants to over these contracts that I’ve never looked at I just can’t see the judge getting into something that hasn’t truly been litigated so it’s not going to be the that’ll be the best win I think that’s realistic for everybody for ripple is that you know she’s going to say hey you want to sue him again Sue him again over this new new stuff but I’m not touching it um which is the best win we can get right here sure wow so let’s say um though there is a decision where they I don’t I want to use the wrong word here but they limit institutional sales because they feel those are securities transactions right how what do you think happens to us Ripple’s us business um or maybe it doesn’t matter they can still fund themselves outside the US I mean it’ll just I think solidify the push outside um you know because again in the same uh briefings they said hey all this other stuff happens outside of the US anyway um and you know I think that’s unfortunate for the us but I think Ripple will just move offshore if the order is any more encompassing then hey what you what you were doing is illegal and you can’t do it anymore and going forward you can’t do um X Y and Z and and she basically rules on something that you know I don’t think she will because it’s not a fully brief record but in other words if it’s bad and it’s just an order that says no more selling to institutions ever then I mean that’s just giving the green light to go ahead and move off short sure and also you know that’s uh when you see Brad garlinghouse on these uh news um on these interviews and they’re talking about when Ripple IPO now he’s like we’re not thinking about that we’re fine we’re this you know he’s CEO and he has to do the appropriate spin for his company uh but you know the the real answer is there I file an S1 registration statement you know tomorrow after this lawsuit’s over the SEC is not going to Grant it I’m I’m gonna you know Ripple’s gonna have to go through the the whole process they’re going to get you know jerked around and you know he’s like he’s basically saying politely I don’t see any chance of working together with the SEC to get this thing IPO and you know we got it the only thing that’s going to change that is a different Administration unless somebody you know gave the order that the secc’s pro crypto now but we don’t have proof one way or the other the the proof still leads that they’re in the direction that they’re anti-crypto and one of the things I was going to ask you and this is a whole separate topic and we probably don’t have all the details but Ripple’s playing to launch a stable coin we know the SEC has said here and there they haven’t given any definitive uh guidelines on this that stable coins are securities right or depending on how you offer them up Ripple wants to launch a stable coin we know they don’t need the sec’s approval but you know could that be used against Ripple could the SEC go after them uh because of the stable coin yeah um and remember the SEC Gary Gensler I’m almost positive that he said stable coins are securities vaguely and testimony before but again there’s no official statement that they are or are not so so um so you you have the fact that stable coins might even be Securities still floating out there there there’s no definitive answer on what they are what they not and again you know I could sue you because I get very upset that you haven’t properly maintained your facial hair if you know I really wanted to go there now you could file a motion to dismiss and say there’s a ridiculous lawsuit and it is and the judge will probably Grant it but that’s still going to take even that’s going to take four months for that to work that uh my lawsuit to work its way through the court so and the SEC is the government that Judges usually give it a little bit of leeway too so it can file a lawsuit against Ripple or anybody on stable coins and just work its way through and I bet a judge would let it go through Discovery so boom that’s two to three years right there before you get an answer what a mess man I’m hoping uh this fit 21 bill can make it through the Senate and maybe by at least next year and become law you know depending on who’s president but uh fingers crossed on that yeah I I mean that’s really the only way to go other than you know fighting it out in the courts which takes you know years and years I did want to add uh something on the Ripple class action if you don’t mind oh sure yeah so that is the uh case that’s in Oakland California it’s a civil case you know most people that follow xrp know what I’m talking about but the plff tried to get a case going on half of a class that anybody who purchased xrp in a certain time period um could file a could join the class for Securities violations against Ripple um you know for the same reasons that we saw in the SEC vers Ripple lawsuit that xrp you know falls under the Howie um test and is a security investment contract and so um you know I I probably should have I held back on posting about this on X because I just felt bad but you know Brad garlinghouse put out a tweet uh a x poost and Stuart I think Stuart Alder did too and everything they said was 100% accurate but it was definitely spin from a company that’s trying to put the the best look on a unfavorable ruling is possible and what I mean by that is there is some great news for ripple financially that the class action was as a matter of law this is summary judgment same thing that Ripple the SEC had last year so all the facts everything went through the discovery then and we were at the pleading stage and the judge said there’s going to be no class action on federal or state Securities violations now that is huge for ripple because this would have been somewhere on the order of a 50 to even over a hundred million uh liability for Ripple uh the losses could have been astronomical for them if the case went forward you know MoneyWise and so the court said as a matter of law these are not going forward but the matters of law they were different for federal and state but they were procedural reasons that did not turn on determining whether the sale of xrp was a security and just as an aside judge Torres you know said xrp and of itself is not a security but remember that’s just the token itself um you know you could package xrp as a security in a in a certain in a lot of different ways I mean I could think of a lot of ways I could put it together as part of a broader offering so what was at stake in this Oakland uh civil suit is um the exact same thing that most of us deal with when we purchase xrp buying it on an exchange and there’s one claim that was allowed to go forward an individual claim for a misleading statement by Ripple in the context of an unregistered Securities transaction so it’s great for ripple that the class claims were dismissed because they were Megamillion doll claims this this individual claim is very low damages I think the plain if was out you know maybe a few thousand dollar or maybe $100,000 but we’re talking about it was less than a million from my understanding and so it’s a very small dollar amount but the um legal question now the judge didn’t rule that xrp on bot exchanges is a Securities transaction she just said I looked at what judge Torres said and I disagree as a matter of law that you can say uh people purchasing on an exchange are not engaging in Securities transactions I’m G to let the jury figure that one out wow and they the jury has to figure that out in order to find Ripple liable because they have to figure out two things one where the state misleading and two was it a security because Thea is misleading statement in the context of an unregistered Securities transaction so it would still be bad for xrp holders if the jury comes back and says yep buying and selling xrp on an exchange is a Securities transaction but the statements by Brad David Schwarz and other Ripple employees were not misleading Ripple wins the whole lawsuit but they have this very negative ver verdict that’s out there that’s only applicable in California and no other district court has to follow it but it’s a negative ruling that’s going to be out there if you know if something like that came back and so Ripple is is doing their best to spin it as a win and it is a big win but if that case goes to trial then there’s a chance the jury could say xrp when you buy on an exchange is a security and let’s say that does happen happened can the SEC use that case law and against Ripple they can’t use it in their case with Tores um but if they do file an appeal they would use that case as persuasive authority to say look here’s another reason judge Torres got it wrong second Circuit look at this other court um and you know we weren’t even involved in this lawsuit look at this other court in um California they you know a jury said that it was a Securities VI a Securities transaction uh so you should you should side with us so um you know it’s still a mess but it’s it’s a mess all over it’s not just xrp it’s all these other things that the SEC has alleged of Securities and you know we just have to see if the market is going to you know really focus on that or not because I I think that you know obviously xrp got hit in the last Bull Run was prevented from really running give that 100% to the lawsuit I would be a lot more concerned if xrp doesn’t run in this poll Market uh because the market has seen all these other uh tokens you know be claimed as Securities as the SEC and Shrugged off they’ve Shrugged off the coinbase lawsuit now they Shrugged off the Kraken lawsuit so there’s no reason to not shrug off what’s happening with xrp so you know it’s it’s uh I you know I’m not worried yet until the Run happens but I’m going to be really worried if xrp doesn’t catch fire this time yeah agree agree there um what a mess man I just the word that comes to mind a mess and we need Congress to act because this is so crazy I’ll say uh I know we didn’t I forgot to bring this up with ripple there is this um expert witness issue that’s kind of hanging out there if anybody remembers a witness the SEC had in the remedies briefing was an SEC employee that said I looked at Ripple’s books and for all these reasons Ripple can pay 700 million or whatever the astronomical number was and ripple said uh they they filed a motion it seemed like it was really it was late to me I don’t know why they waited that long but they filed a motion to say can’t listen to this SEC witness they’re trying to do expert testimony never disclosed them as an expert we should take Discovery if you’re going to allow it that’s before judge nurn the remedy ruling is before judge Torres the fact that we don’t have a response from Judge nurn yet on that makes me think they’ve already talked about it and judge Torres is either going to say one of two things you don’t need to rule on that I think the most likely thing which is good for ripple is you don’t need to rule on the expert witness issue because I’m not going to find any need for discouragement and so I don’t even need to take that SEC expert into consideration and you know that’s good because then we’re only talking about a civil fine which is going to be low and you know that’s why I think it’s going to be under 25 mil so that you know because there just needs to be time to conduct Discovery if judge neon’s going to allow it and I think she would have to if it was going to be factored in by the court you know nothing prevents Torres and netburn from talking about these two things and so the longer that goes on you know I think that issue’s been resolved and we’re going to see a real favorable ruling from uh judge Torres man I can’t wait for this thing to wrap up it feels like it’s been going on forever honestly I mean what are we we’re coming up on the four year anniversary in December wow oh my gosh uh boy I hope hopefully there’s some resolution this year to many of these things and uh we get clear legislation next year and uh we can move forward and put all these things behind us oh yeah for sure Fred always great stuff man I appreciate your knowledge and insights thank you so much for joining me yeah let me just say in closing uh you know if anybody wants to go to our website Hodel law.org I’m always trying to updated I added a media page and if you click on the media page you can see all the interviews that I’ve done with Tony and if you click on them uh I’d like you to like And subscribe it costs you nothing and it really would help my website I’ll put a link to that everybody check it out [Music]

Interview with Attorney Fred Rispoli, founder of Hodl law. https://hodllaw.org/media/
Topics:
– SEC vs Ethereum and Consensys
– SEC vs Ripple XRP
– Will the SEC go after Ripple for its upcoming Stablecoin RLUSD
– SEC going after crypto exchanges
– Biden vs Trump Crypto Election

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⏰ Time Stamps ⏰
00:00 Intro
01:33 SEC vs Ethereum and Consesnsys
05:45 SEC Ethereum Security Debacle
08:45 Hodl Laws Ethereum Case
11:35 Donald Trump & Biden Crypto
14:55 Crypto and Politics
16:24 Crypto at presidential debates
17:30 Democrats turn on Gary Gensler & Elizabeth Warren
20:59 SEC vs Ripple
26:28 SEC vs Ripple’s stablecoin RLUSD
28:12 Ripple class action lawsuit
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📺 Interviews Playlists 📺
– All Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEe8rCbwJojpipmwwkvWhbQD
– Must Watch Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEdqEaSrjC3UHOQdw1eyeYRU
– Bitcoin Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEcjtw8URfr7-DfBi_J_O0ip
– Altcoin Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEeZ3QES9lD1f59YTWuQv-uv
– Crypto Regulators & Politicians Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEdsqA213osf2u-PbT1b7uM4
– Investment Firms & Hedge Funds – https://youtube.com/playlist?list=PL5rDfH3ofGEfa-HsusfQBB6blH3KR09mj
– Internet Pioneers & Entrepreneurs – https://youtube.com/playlist?list=PL5rDfH3ofGEdqCYps3eexnovm2WNWeP3o
– Women In Crypto – https://youtube.com/playlist?list=PL5rDfH3ofGEdwK2lIDFoAkmj_qoULLNkB

Support the Podcast by Donating
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USDC – 0x91B101D0ce59A8E75d84E696CAD1A3f314798C9F (ETH Network)
USDT – 0x9915bcD2D0198A7d8bE29076e5Ae4A0457497Eb5 (ERC-20)
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– The Thinking Crypto Podcast is your home for the best Crypto News and Interviews – crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, nfts, podcast
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Disclaimer – The Thinking Crypto podcast and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.

Note that links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!