Ripple/XRP-PetroYuan =The Global Financial System Fractured, XRP = Inflection Point #Finance

welcome back to the show come on somebody roll that beautiful intro digital perspectives with Brad KES come on in welcome back to the show you can follow us on Twitter Youtube and dig perspectives. comom for exclusive content right now $2.33 trillion market cap for

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto to Market’s up 1.7 we see 64,000 Plus for Bitcoin right now 2500 Plus for ethereum 119 billion plus market cap for tether and 35 billion plus for usdc xrp number seven spots 54 cents

we’re up one and a half on the 24 care for what you call progress we’re off 13.6 on the 7 day we’ll keep an eye on range between 53 and 54 cents we know what’s coming I think we all know what’s coming and I think this CashNews.co is going to help you understand it if

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then you can get cerebrus too they’re going public Ripple you can get uphold my goodness uphold just introduced USD 4.9% with FDIC Insurance up to $2.5 million and you can buy their private Equity yeah it this is the kind of opportunities I’m talking

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SEC executive who signed off on the Ripple case appeal is facing bar and it’s a complaint and it’s Jose Terrero faces allegations over overreaching and we know what those overreaches are whether we’re talking about the Ripple case the Debt box case or all the

other cases he’s got his name on it and it’s about time somebody started taking these issues in front of the bar maybe we’ll start to see because look think of it you know Congress hasn’t passed legislation to put Gary gendler and the SEC back in their own lane no it

hasn’t happened so until it does I love this I love this going after the individual attorney inside the SEC because then they’ll start getting a little more I think careful and cautious about what they choose to do under someone else’s Direction you know like Gary gendler

meanwhile I want to highlight this and I covered this in the other CashNews.co but I think it’s very very important to keep an eye on this point the SEC Ripple appeal might work in coinbase’s favor what coinbase has done has filed for an interlocutory appeal to prove that the SEC is not

telling the truth that there is complete Clarity using the hoe test and they’re using the Ripple appeal in that judgment in that filing for interlocutory appeal in the coinbase case why are they doing that because the SEC is claiming there is complete Clarity with the hoe test but the ruling

from the Ripple case proves that it is not clear right so this is a excellent piece to submit with their interrogatory appeal and this could make things move very quickly it’ll be interesting to see how judge faia in the coinbase case handles that appeal we’ll keep you posted meanwhile

it’s being floated out here that Robin Hood’s Chief legal officer I believe his name is Dan Gallagher could replace Gary gendler as the SEC chair under Trump Administration and I say very quickly and I have some biased here I’ll take chrisan Carlo the former cftc chairman as the

next SEC chairman no fault to Dan Gallagher I don’t know the man and I’m sure he’ll do a fine job but I know who Christian Carlo is Christian Carlo was the head of the cftc when he helped to bring in Futures contracts on on bitcoin so this is a man who I’ve

sat down with multiple times understands this Market better than anybody I’ve ever spoke to to be honest with you and the truth is I think he would make an excellent SEC chairman and I hope that if the phone rings at his H his house he picks it up and accepts the challenge meanwhile I’m

going to just we covered this but I mean this just highlights you know how close we’re getting to this point where the United States is in real danger if they don’t take action for legislation of the new digital economy it’s not just about betting on speculative

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptos we’re talking about the new digital economy which means the tokenization of the traditional text-decoration: none;">Markets themselves that’s where the real money is in this market or soon to be and we know there is a push we have stress coming from multiple different angles whether they’re domestically coming from the collapse of in the banks in the last three years

renewing fears of financial instability across the country domestically and at the same time we know the brics Coalition is moving hard for dollarization efforts we also not that there’s a push with the UN here right to talk about issuing more sdrs from the IMF take a listen one we must

change the rules of the International Financial system and reform its governance in instruments two we must shock proof vulnerable economies by dealing with Debt and Liquidity in a comprehensive development focused manner shockproof economies listen to that one

little part again economies by dealing with we must shock proof vulnerable economies by dealing with Debt and Liquidity in a comprehensive development focused Manner and I think that gets done by introducing Bridge Assets like xlm XR P I think that

gets done in coordination and cooperation with private issuance of stable coins to soak up hyperinflated dollars right I think it comes with pre-allocating to the largest players and economies of the world xrp because it is a new money that’s being inserted into the system and the best way to

get everybody on board is to give them some of that new money because the old money of the world is too stressed with Debt and then you got to bring in Gold obviously to complement all of this and repic and revaluate gold I believe to help balance out and bring that confidence to

this new digital economy I really do believe that’s where we’re going here but remember way back we all used to look at this clip from years ago Brad garlinghouse and the lawyer from the IMF at the time on stage together asked if they could use xrp in the IMF basket take a listen here

you want to take one go for it the first one’s for you IMF do you see IMF holding Crypto Assets in the future I did not put that up there remember I’m from the

legal department I’m supposed to be very conservative about these things um I I don’t want to go into great details about I should take what the IM is going to do I think we stunned Ross into Silence with that one for that to happen okay under the current legal framework some country

would have to use a Crypto asset as its currency wow you know we’ve often talked about the idea that xrp could become a wholesale cbdc for the United States in the back end I don’t

want to see it issued directly as as a a cbdc but think of that for a moment just think of that if xrp would be adopted even in a small country right just think about the implication of something like that because we know Swift is beginning to do live trials for digital Assets and

currency transactions in 2025 and this is in coordination regardless of all the fud and trolls that we had to listen to this is absolutely in coordination with standardization of iso20022 messaging don’t believe these people trying to tell you that it isn’t now that alone is not the

answer but it is in complement of the introduction of these digital Assets and the standard ization of iso20022 that helps bring all this together so Swift can participate in these trials and it’s not a Sandbox anymore this is engaging Banks across North America Europe and

Asia 2025 G to be fireworks which is why I’m going to remind you right now why Ripple swell 2024 in just a couple weeks and a week and a half I guess it is now is going to be so amazing and if we’re not doing so well then why is the NY DFS going to be there or FDIC why is BBVA going to

be there or the security officer from coinbase or the head of CME Group or any other incredible people that are going to be speaking at this thing this to me bitwise we know they filed for an ETF come on now I mean look we know where this is going this is getting pretty remarkable and I want to

remind you of something I want to remind you of something one going back to Bricks don’t lose sight of the fact that they are absolutely trying to demolish the US dollar and they entertain Notions like using the P Yuan which they’ve already started doing deals between Saudi Arabia and

China using the P or using the Chinese Yuan but in a new report the omfif the official monetary and financial institutions Forum it’s a think tank says that bricks countries will be discussing how to implement an alternative to the current dollar-based oil payment system potentially using the

Chinese Yan Saudi Arabia the world’s largest supplier of oil has recently confirmed that it is open to new ideas when it comes to oil trade including using the the Yuan Russia is also looking at using and uh the petol Yuan as an alternative to the Petro dollar to reduce its dependence on the

US and the Swift system which is going to be triing digital Assets in the coming year which banned Russia banks in February 2022 as a response to the conflict in Ukraine the omfif says fully implementing a Petro uan system would in theory be difficult for countries to operate under

a surplus Yuan can essentially only be spent on trade with China or simply placed in foreign reserves which is more like the approach of the bank or coin if you’re familiar with that back in the day introduced by John Mayor kees bricks Financial intermediaries would then have to recycle the

surpluses to other countries in need look there’s a lot of problems with this but they’re working towards a goal is this the end goal I don’t know but the fact that they’re working towards this goal means we don’t have a lot of time that’s how I see this I want

to remind you of something David Schwarz has said and I’ve covered it here multiple times it’s a minute and a half I want you to listen to this really quickly and then I’m going to show you something that I believe is absolutely relevant to this conversation remember this yeah at

that time so that was probably mid to late 2011 sort of two cracks were emerging in the Bitcoin narrative such as it was at the time obviously the narrative was you know most of the people were technical enthusiasts they were very interested in the technological end and they weren’t as Savvy

about like how to drive adoption the only strategy that anyone could think of was a Grassroots strategy you know and that’s not how the internet got adopted right the internet was adopted by government and Military first so it’s it’s there it is there it is but now let me bring

you to here like the amount of money I borrowed like all of these other use cases need great payments and so we just sort of laser focused in on payments and I think the other thing that we did different from the very earliest days was everybody else including us in the beginning had this groundup

strategy like if you don’t have a strategy your strategy is get everybody to use the thing that I think is great and I think a lot of companies are still pursuing that but I think there’s also a sort of top down strategy and that’s kind of what the internet did like the internet

got governments to adopt it they got universities they got sort of big players and so we just and there you have it and that is there you have it now I want to show you this anybody remember this none;">Crypto laws are coming no matter who wins according to Tom Emer he just said this days ago this is what he said he said right here he has big plans for the industry should Republicans gain control of all branches of the federal government in November however he also also appears

convinced that Cryptocurrency regulation is coming to the United States regardless of how the election shakes out regardless of the outcome I expect you to see digital asset legislation start

to move in both bodies meaning the house and the Senate this is what he said at uh massari main net conference and he said I think it is a wi when not if regardless of who’s in charge he goes on to say the third highest ranking highest Republican ascribes to Credit for his

Rosy outlook on the recent changes in tune on both sides of the aisle in Congress this spring substantial numbers of Democrats including Majority Leader Chuck Schumer joined Republicans to vote to overturn the anti- text-decoration: none;">Crypto banking rule Days Later 71 Democrats including Nancy Pelosi voted for fit21 Bill a key Crypto Market infrastructure Bill he says here Emmer’s most

senior advisory on the house Financial Service committee Maxine Waters told Crypto is inevitable Waters per context was a steadfast opponent of fit 21 months ago that’s a momentous

statement by Maxine why have so many Democrats changed their tune on Crypto this year he believes it’s electorial politics yeah they realize they’re losing to young voters right

they might have took the big bank money but they’re losing the young voters and if we get Crypto legislation before this year ends it’s because we’ve had more money flow into

the lobbies and the super packs for it than you’ve ever seen in the history of the Crypto industry and that means it’s a bought and paid for system and if you put enough money in

you can get the laws passed and it looks like that’s what’s going to happen not Financial advice of me or anyone else the log Jam’s going to get broke we just don’t know whether it’s before 24 ends or just after 25 begins but either way we’re getting it

I’ll catch all of you on the next one