Hey everybody, Economic Ninja here. I hope you’re doing well. We’re going to be talking about SEC, Ripple, and XRP. I have two stories, and I want to share with you the reason why I believe wholeheartedly that the SEC is freaking out about XRP, and it’s actually a lot more. It’s way bigger than just them replacing the Swift system worldwide and taking the Dollar and Swift completely out of the equation. It’s way bigger than that. So the first story I’m going to go through is the SEC has decided to just destroy and shred Ripple’s $10 million olive branch as far as the SEC wanting the $2 billion, right? They want $2 billion to settle this.

It is absolutely ludicrous. The SEC has completely and utterly failed in court against Ripple. They’ve pretty much made a mockery of it. The judge multiple times has went ahead and said things like, you know, are you even prepared for this? I’m paraphrasing, but you get the idea. And they completely shredded. They put out the $2 billion. Ripple says, look, we’re willing to pay $10 million worth of whatever you want to call it, fines or whatever. And they completely destroyed it. Then I’m going to go over another story that really shows how fearful the SEC is over this case, because depending on how it turns out, it’s going to be a watershed moment for other cryptocurrency cases that the SEC is trying to pursue against other blockchains.

So check this out. This story is out of zycrypto.com, and it says U.S. Securities and Exchange Commission is rejected a settlement bid of $10 million proposed by Ripple Labs in response to allegations of selling XRP to institutional investors. Instead, the regulatory body is adamant about a staggering $2 billion penalty deeming Ripple’s offer a mere slap on the wrist. Notably, the SEC in a motion dated on the 7th of May emphasized that accepting Ripple’s proposed punishment would set a dangerous precedent, potentially incentivizing other cryptocurrency issues to flout regulations. Let me explain here. If the SEC is saying that if they take the mere $10 million offer by Ripple Labs, that other companies, other cryptocurrency companies are just going to go, you know what? That’s the cost of doing business.

It’s going to be $10 million for us, too, because if you accepted $10 million for Ripple, you will accept $10 million from us. And that’s something that they’re afraid of, but I’m going to go a little more in-depth. It’s not just that as far as the other court cases. Now, they said given the nearly $1 billion Ripple gained violating Section 5 of the multi-billion dollar business, it built selling XRP. The low penalty Ripple demands would be a slap on the wrist that neither punishes nor deters to the contrary. It would encourage other crypto asset issuers to violate Section 5 by making it remarkably lucrative endeavor and thus deprive investors that disclosures Congress mandates as a mere cost of doing business, the SEC argued.

Now, you know what blows me away, and type one if you agree, and this pisses you off straight up. When the SEC moved in to attack Ripple and just straight up freeze everything and Coinbase and Gemini, all these crypto exchanges around the world just stopped letting you withdraw, deposit, trade. People lost millions and millions of dollars. I myself was fortunate enough to not have mine on an exchange and I saw people get their stuff locked up on let’s say Coinbase and the price exploded higher. Why? Because there was obviously a lot less supply on the market because most people couldn’t access their crypto and they watched that price explode.

And some people, they actually took it, put it on other exchanges in other parts of the world and they sold it. See, the truth is many people don’t understand how to do this. They don’t understand how to trade crypto. They don’t understand how to buy crypto and they don’t understand the times to move in and out. I mean, it blows my mind the opportunities right now in this space, even with massive regulations like these being put into play. It absolutely blows my mind. But yet all the time I see people that, you know, go dive into an investment, let’s say in this case, XRP and they get it locked up because they don’t even know how to store it off exchange.

Remember, I’m a huge advocate of if you don’t hold your private keys, you don’t own the crypto because something like this can happen again. I have my trading accounts and I have multiple trading accounts with different companies and that’s one percentage, some small percentage of what I daily trade my day trade stuff. But everything else is off book. I mean, it’s it’s stored on wallets with private wallets, not just like a ledger, but private wallets on top of that. It’s important to understand how to custody and it’s not difficult. You can totally do it. As a matter of fact, even crypto trading is made easy now with with people that are out there teaching.

That’s why I brought the course to market because it’s so important for people to learn this now. This is no joke. It’s akin to being one of the first investors in the dot com boom in the mid 90s. Yet most people are afraid of this. OK, diving back into the story, though, the legal battle between Ripple Labs and the SEC dates back to December of 2020 when the commission filed a lawsuit against the firm alleging the sale of unregistered securities in the form of XRP tolling around one point three billion. Now, I’ve been involved with XRP.

The first group of XRP that I bought was at two cents. I’m doing good right now, right? I don’t know what what’s XRP at right now. Fifty cents and like that. So what is that a twenty five X? That’s OK. I mean, and there was other cryptos that I’ve made more on a percentage basis, but I’ve been in it for a long time since 2017. And I’ve seen this evolution. I’ve seen this company, Ripple, come along and just completely, you know, take XRP to the next level as far as the blockchain technology. I’ve watched them sign agreements with countries around the world.

I mean, it is pretty phenomenal what this company is doing with this blockchain. The speed that the cost of transactions is phenomenally low. I am so bullish about XRP. It’s nuts. Right. But I’m also bullish about other crypto currencies for totally different reasons. And that’s what he’s excited. If you don’t understand the fundamentals of these, you’ll never have the ability to make good, solid decisions when it comes to investing them. Right. If you can’t explain what makes, let’s say, XRP valuable or Bitcoin valuable, why? Why if you can’t explain to other people like your your family and friends and get them to understand why people will eventually use this more and more every day, then you shouldn’t be investing in it, quite frankly.

I’m trying to bring crypto fundamentals to the masses because I quite frankly believe I’ve seen it in my own life. It is one of the most amazing ways to make wealth. But if you don’t understand the fundamentals, you’ll get freaked out when companies like the SEC come and try and bash it and scare everybody out of it. Yet we’re seeing around the world, the wealthiest wallets, the largest wallets are just slowly accumulating and buying more and more XRP and getting larger. It’s the only technology on earth that you actually get to see people accumulating it. You actually get facts.

You actually get to see, oh, my gosh, these funds are buying more XRP or more Bitcoin. I’m watching these wallets grow in size and it takes billions and billions of dollars to get those wallets bigger and bigger with more XRP in them. And you think about it. Nowhere in finance, all over the world, are you allowed to be able to see behind the scenes and see other people’s wallet addresses. You can actually see it. There are heat maps where these IP addresses around the world. I don’t know if you’ve ever seen it. Type two if you have.

They’re amazing. These heat maps of where Bitcoin is flowing, where XRP is flowing around the world and the size of these wallets is getting bigger. Some get smaller. What’s funny is the ones that are getting smaller, they’re not the biggest wallets. They’re the small wallets. That’s because weak hands are being flushed out. Stocks, you are not allowed to see unless you have a Bloomberg terminal and you pay hundreds and hundreds of thousands of dollars a year to just maintain that terminal. You don’t get to see level two trading. You get to see it on exchanges like Coinbase, Gemini.

As a matter of fact, most people don’t even know what that level two trading is and how valuable it is and how important it is to your success as a trader. I teach that to people. It’s important for people to understand it. Check out this next story. This is the really telling one. The SEC completely rejected their olive branch, the Ripple’s olive branch of $10 million. They said, no, we want the $2 billion because they’re afraid that other companies are going to go do this. Check this out. SEC says that the Ripple victory ruling for XRP holds no weight for other cases.

Now, like I said in the beginning, and type four, if you agree, the SEC is getting completely spanked by Ripple Labs. The legal team at Ripple is completely just taking them to the woodshed, the SEC. The SEC has done a horrible job. What they’re worried about is this. It says the SEC has thrown shade on the decision of Judge Andelisa Torres in the Ripple lawsuit saying no court has followed the ruling. This critique was part of the SEC’s argument against Coinbase’s request for an appeal. For context, in the SEC versus Ripple case, Judge Torres ruled in July of 2023 that programmatic sales of XRP tokens through exchanges did not constitute securities offerings, thus not violating securities law.

This ruling affirmed that XRP is not a security and token sales on exchanges do not constitute investment contracts. However, the SEC’s recent complaint against Coinbase alleges that the cryptocurrency exchange has been acting as an unregistered intermediary for crypto asset securities. The SEC believes that the digital asset listed on Coinbase’s platform are securities and sales through the platform are investment contracts. Now it says here, reacting to the development, pro XRP lawyer Bill Morgan suggested that if other courts do not adopt the SEC versus Ripple ruling and the SEC wins its other major crypto lawsuits, Ripple’s victory regarding programmatic sales would stand in isolation.

Now that is exactly what the SEC is really, really scared of. They say, look, we are afraid that this is going to become case law. And if that’s the case, no pun intended, there is going to be a massive windfall for all these other cases that the SEC is trying to stop. They’re trying to stop these cryptos. See, the government, the US government is losing its grip, not only on the worldwide financial system, right? The US dollar based system, it’s even worse than that. It’s going to lose Swift. If it loses Swift, we cannot sanction anymore.

And I got to be honest with you. I think that our government is completely criminal in how it deals with other countries. I have a story coming out soon about Venezuela, and I believe we’re going to ramp up serious military pressure because Venezuela is actively engaging in joining the BRICS nations. And now we have fighter jets flying into a country that is already in dispute with Venezuela backing them up. We are the bully of the nations. And if you don’t understand how big of a deal this is, as far as how cryptocurrency is exploding in usage, how big of a deal these ETFs are, and honestly, like how much money you can make, and at the same time, understanding how much you can lose.

That’s the most important part. Then I guess you’ll sit on the sidelines. Now look, I did a AMA the other day and I completely bombed it. It was a crypto AMA. And I’ve been so excited about what’s going on with the course we put out. I joined forces with a professional cryptocurrency trader. I’ve been a trader since 2017 and a best selling author in the space. And thank you so much, Tim, for the super chat. I just ended up talking about the darn course the whole time and not answering a ton of questions. I’m doing a sale on it.

We’re doing a sale because I truly want people to understand the fundamentals. And we take everyone from the super basics of how to open accounts to how to take the crypto off that account and put it into a wallet. But then we teach people the fundamentals of trading and then we put together weekly trading calls. And it’s not that we’re giving any financial advice for saying, look, this is what we’re doing. I’m still in my cash position waiting for another dip. And I know not a lot of people. And I put myself out there to say, hey, look, this is what I’m doing.

I’m not telling you what to do. Let’s just see who wins and who loses. And it’s been something that I’ve been doing for the greater part of a decade. I put together a team with, what, 29 years of experience in this. And we’re doing a good job to help people make money and to understand this. As a matter of fact, I was going to read this from an awesome subscriber and he’s actually very successful real estate investor. His name’s Doug. He doesn’t know how to do this. But he says, dear Ninja and Joe, as I was reviewing the crypto pro trading course, I’m going to put a link down if you want.

If you don’t want to just click off right now, it’s totally understandable. But I really do want to see people not lose money and actually make money because this is, in my opinion, type 10, if you agree, this next boom in Bitcoin price. And we’re doing something that the charts do every single time. After halvening, they flatten out and we’re doing a sideways consolidation. And the last three halvenings, we’ve watched it pop after about 20 to 30 days. I do believe that in this year, 2024, you will see a 100,000 plus Bitcoin price, which will take AI and meme tokens, which you shouldn’t be holding, in my opinion, for long term.

I don’t care how good they look. It’s going to take them to stratospheres in percentage of gains. But you use those to make the money and then pull off the cash out of your account or you stack satoshis, right? People get completely wrecked if they hold those altcoins. It is no joke a money printing scheme. This is akin to knowing about the AMC and GameStop naked short. I mean, really, that explosion in price and then the collapse before it happens and knowing what to do with it. So Doug says that he was reviewing the crypto trader pro course through Joe’s trading view lesson and notice something interesting.

He was showing how to use the drawing tools and avoiding chart clutter showing Bitcoin with its double top prediction. I was duplicating the set up on my current trading view set up and he nailed it. Just thought you might want to use this to help sell courses and his weekly monthly calls subscription. These are the type of students that I have. OK, not only they are amazing and they’re making money and they’re learning, they’re actually actively giving me emails. And I don’t share these at all. Really a lot, especially in all my courses because it makes me feel weird.

But this is not a time to sit on the sidelines. This is a time to take action. And just like my other calls with the gold price, I was telling everyone at sixteen hundred. I’m buying gold because of this, this and this and watch what happens to the price. I did the same thing with silver. I’ve done it with a handful of stocks, too. And then when they double, I go and a lot of people don’t pay attention. I go, hey, when something doubles, sell it. That’s what I do. Sell, sell half at least. And you’ve got yours.

You’re just living. You’re just working on their money and people need to understand the fundamentals of investing, whether it be in real estate, knowing cycles, cryptocurrency, stocks. Commodities. They all work the exact same way based off of human emotion. Well, I’m going to tell you this. And I truly believe this. When you see a hundred thousand dollar Bitcoin, you are going to have family and friends that mocked you. They’re going to start buying it. That’s when it gets scary. That’s I’m not joking. It’s like the sex workers in Vegas buying real estate at the top of the market.

And everyone was talking about it in 2006. Get ready for the crash. But if you aren’t in a community and or along with other investors that understand these fundamentals, these principles, and they’re actively researching and looking into it and it doesn’t take a ton of work. I’m not joking. When you’re in a community of people that are working together and talking, you get a consensus that’s so much stronger than just your gut feeling or it actually helps your gut feeling. I think and it says right here and this is what Doug says.

Also, thank you, Joe, for your frequent coin set up notifications. I was following the near advice, which is a crypto and had just passed on a by based on your teachings. And 10 minutes later, you called it off, too. I guess I’m starting to understand and accept your trading philosophy and methods. Doug, you are awesome. Thank you so much for everything you do for me. I’m not joking, especially in the real estate course. Look, you don’t have to be a pro. You just need to start reading and learning some stuff. And I could guarantee you if you put a little bit of time and I’ve just talked to Carlos.

Does anyone know if Carlos is in here right now? Carlos is a very successful entrepreneur. He’s been an investor for a long time and he told me their day goes, I’m scared to take the course. And I go, why? He goes, I’m scared to start. I don’t know how to start my go to Coinbase. It says start here. Click the button. Put four hundred bucks, five hundred bucks in there. If any Carlos can do that and he goes, it’s that easy. I’m like, trust me. And he goes, OK, I’m going to take the course.

So Carlos is in here and he says he’s going to take the course. And he goes, he texted me. He goes, OK, I’m going to take the course. And then I’m going to let you know how I view it. And I can’t wait to have one because not only am I going to rhythm about not starting his YouTube channel, but also we’re going to we’re going to see real quick if this worked or not for the person that knows nothing about crypto. All right. I give you a money back guarantee of 14 days. If you haven’t watched more than half of the course materials and you say this isn’t for me, you can have money back.

No problem. I want people that are taking action and making money. We’ve got like 26 hours left of that sale. It’s one hundred and eighty nine bucks for the course. It’s like eighty five percent off or something like that. And then we’re also doing a deal on the monthly coaching, which includes two new lessons every week with Joe. High level lesson and a low level lesson, you know, for basic beginners. And then his trade calls, what he’s doing, moving in and out. Joe and I talk almost daily about our trades and what we’re doing and what he’s going to put out on those.

I want to bring you the best education on the Internet when it comes to finance. You’re going to see a lot of changes in the next six months with the way I bring information. And there’s a reason why I did it the way I did in the beginning. And there’s a reason why I’m about to shift here into the future. Hope you got something out of this. If you have XRP hashtag it down below, let me know if you got it. And then also hashtag your favorite crypto project. I always like looking at what you have because it also brings me ideas for what we’re going to do in trades in the future for that course.

Hope you have a great day. Links down below if you want to be part of the sale. Not no worries. You guys are awesome. The economic ninja is out. [tr:trw].

See more of The Economic Ninja on their Public Channel and the MPN The Economic Ninja channel.