Latest / The Paul Barron Crypto Show / Robinhood Relisting XRP Next? Ripple Defeats Gary Gensler... Again🔥

Transcript

Robinhood Relisting XRP Next? Ripple Defeats Gary Gensler... Again🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Some of the biggest news in crypto today will be
• 0:08
  Speaker 1: breaking down xrp's position, what this means for the market,
• 0:12
  Speaker 1: and also what it means for the token. You guys
• 0:14
  Speaker 1: don't want to miss this one. It's going to be
• 0:15
  Speaker 1: a great one. My name is Paul Baron. Welcome back
• 0:17
  Speaker 1: in a tech path. I do want to think our
• 0:19
  Speaker 1: sponsor today, and that is Tangent. Maybe one of the
• 0:21
  Speaker 1: places that would be good for your self custody of
• 0:24
  Speaker 1: your XRP super easy. If you're brand new to self custy,
• 0:27
  Speaker 1: this is the one for you. Make sure and hit
• 0:29
  Speaker 1: the Tangent button right there at the top right. It's
• 0:31
  Speaker 1: going to get you to the three card set. Choose
• 0:34
  Speaker 1: that one. This will get you an extra backup and
• 0:36
  Speaker 1: of course use our link down below.
• 0:38
  Speaker 2: It does help the channel.
• 0:39
  Speaker 1: All right, let's go into a couple of points right here,
• 0:42
  Speaker 1: and I think the headline that should be out there
• 0:44
  Speaker 1: on so many of these is that the SEC did,
• 0:49
  Speaker 1: in fact fine ripple. Yes, that is true, but they
• 0:54
  Speaker 1: reduced the find by ninety four percent. That should be
• 0:58
  Speaker 1: the headline, ninety four percent recognizing they had overpaid, overplayed
• 1:02
  Speaker 1: their hand. We respect the court's decision and of clarity
• 1:06
  Speaker 1: to continue growing our company. Of course, this is a
• 1:09
  Speaker 1: big deal for brag garling House and the Ripple team.
• 1:12
  Speaker 1: They are moving pretty quickly. I want to go to
• 1:14
  Speaker 1: a couple of clips here that'll align some things that
• 1:17
  Speaker 1: are going on within XRP. This was metal lawman talking
• 1:21
  Speaker 1: about the sexc's potential to appeal.
• 1:24
  Speaker 2: Take a look.
• 1:25
  Speaker 3: My guess is that they will appeal. Basically kicks out disgorgement.
• 1:31
  Speaker 3: So the SEC hates that if they can't get disgorgement
• 1:36
  Speaker 3: without proving losses, it impacts significantly pending cases as well
• 1:41
  Speaker 3: as other cases that they would like to bring. But
• 1:44
  Speaker 3: the even bigger issue, trillion dollar question, are those securities
• 1:48
  Speaker 3: transactions and Judge Torres said are not investment contracts, do
• 1:53
  Speaker 3: not violate the securities laws, are okay, and so that
• 1:57
  Speaker 3: impacts coinbase, Finance, Cracked and others. And the Binance judge followed.
• 2:04
  Speaker 3: Judge Torres is reasoning the SEC doesn't want this to snowball.
• 2:09
  Speaker 3: So this issue is the most important issue really to
• 2:13
  Speaker 3: all of crypto.
• 2:14
  Speaker 1: I'm surprised we have not seen movement, of course, you know,
• 2:17
  Speaker 1: with the exchanges themselves, coinbas especially, even though we've seen
• 2:21
  Speaker 1: a little bit of movement in the stock prices again
• 2:23
  Speaker 1: granted because of some of the things that have been
• 2:25
  Speaker 1: happening this week. But I want to go to another
• 2:27
  Speaker 1: clip here because this gets into the last remaining really
• 2:30
  Speaker 1: the last remaining exchange that has not relisted XRP, and
• 2:35
  Speaker 1: that is Robinhood.
• 2:36
  Speaker 3: Listen to this Miszoo host Securities USA senior fintech analyst
• 2:41
  Speaker 3: Dan dolav He's got an outperform rating and a twenty
• 2:43
  Speaker 3: four dollars price target.
• 2:45
  Speaker 2: So can you really buy it here?
• 2:47
  Speaker 4: One hundred percent? And the reason we like it they
• 2:49
  Speaker 4: really smoked earnings right, I mean, revenues are out forty percent,
• 2:53
  Speaker 4: ebit dies up one hundred percent, assets under custody, all
• 2:56
  Speaker 4: time highs, like sixty percent growth in gold customers they're
• 3:00
  Speaker 4: gaining share from, like Schwab and the other brokers, like
• 3:04
  Speaker 4: the actual real brokers, traditional brokers, firing on all cylinders
• 3:07
  Speaker 4: and they're actually any more cylinders.
• 3:09
  Speaker 5: Now.
• 3:10
  Speaker 1: The earnings came in yesterday absolutely blasted just what they
• 3:12
  Speaker 1: were talking about. But remember, I think Vlad has their CEO,
• 3:16
  Speaker 1: has a lot of things up his sleeve. This is
• 3:19
  Speaker 1: a clip of him talking about what could happen in October.
• 3:22
  Speaker 2: Take a look.
• 3:23
  Speaker 6: Finally, there's plenty more coming, including our inaugural Hood Summit
• 3:28
  Speaker 6: in October. We have a lot of positive feedback from
• 3:31
  Speaker 6: our Gold event in March, so we decided to host
• 3:34
  Speaker 6: a special event just for our active traders, and this
• 3:38
  Speaker 6: will be much bigger than the Gold event. We'll be
• 3:40
  Speaker 6: launching some awesome new products that we can't wait to
• 3:43
  Speaker 6: tell you about.
• 3:44
  Speaker 1: All right, So remember there have been a couple of
• 3:47
  Speaker 1: acquisitions by robin Hood. Remember they were looking at launching
• 3:51
  Speaker 1: their card hasn't come yet, So Vlad, I'm talking to
• 3:54
  Speaker 1: you now.
• 3:55
  Speaker 2: We need to get those cards out there.
• 3:56
  Speaker 1: This is the new credit card from Robinhood that I
• 3:59
  Speaker 1: think will start to expose a lot of other financial
• 4:02
  Speaker 1: instruments and products coming out of them. He hints at
• 4:04
  Speaker 1: a couple of things that could be coming to the
• 4:07
  Speaker 1: US and the crypto side of things.
• 4:09
  Speaker 2: Listen to this clip bitstamp.
• 4:12
  Speaker 7: That is it's Europe based and in this particular case, MICA,
• 4:17
  Speaker 7: which is the crypto asset regulation is going live, so
• 4:20
  Speaker 7: there's an established regulatory framework. Unfortunately, you know, Europe is
• 4:25
  Speaker 7: a little bit ahead in this regard, but I don't
• 4:29
  Speaker 7: think the US is too far behind. It's always kind
• 4:32
  Speaker 7: of darkest before dawn, as they say, needing American customers
• 4:35
  Speaker 7: will now be able to necessarily use some of these
• 4:37
  Speaker 7: services right. Well, again, I think it gets a little
• 4:40
  Speaker 7: tricky with the institutional business. We haven't yet gotten to
• 4:43
  Speaker 7: the point where we're going to discuss the details of
• 4:47
  Speaker 7: exactly how the integration is going to go, but we
• 4:49
  Speaker 7: do anticipate a serving global customers.
• 4:52
  Speaker 1: I think it means yes, they're most likely getting the
• 4:56
  Speaker 1: you know, the indicators from the US lawmakers as well
• 4:58
  Speaker 1: as also regulators that this is going to start aligning
• 5:01
  Speaker 1: well with their strategy. Now, the whole idea was that
• 5:05
  Speaker 1: we could see a relisting of.
• 5:07
  Speaker 2: XRP on robin Hood.
• 5:09
  Speaker 1: And I think this is a good one because it
• 5:11
  Speaker 1: would get into maybe the XRP faithful could have a
• 5:14
  Speaker 1: pretty big impact. Here's a clip that was kind of
• 5:17
  Speaker 1: talking about this. Take a look a relisting on XRP
• 5:20
  Speaker 1: over on Robinhood. This could happen as early as next
• 5:23
  Speaker 1: month in August.
• 5:24
  Speaker 8: I saw some speculators online saying that perhaps a Bitstand
• 5:27
  Speaker 8: acquisition might lead robin Hood to list XRP, and I
• 5:31
  Speaker 8: wondered if you had a commentary on that.
• 5:33
  Speaker 9: Said when we uh, you know, stopped to offer it.
• 5:36
  Speaker 9: We don'ne on Sitney advents. We want to prevent any
• 5:40
  Speaker 9: kind of insider trading or you know, people that are
• 5:43
  Speaker 9: more in the know than the other. So no comment
• 5:48
  Speaker 9: on that. But if there was anything, we will not
• 5:51
  Speaker 9: tell you in any.
• 5:54
  Speaker 1: I understand that it's okay we can make speculation about it.
• 5:57
  Speaker 1: I think they will, uh And of course that's what
• 6:00
  Speaker 1: we're waiting for, and I think that will be the case.
• 6:03
  Speaker 1: Another news item here ripples options. They're avoiding the ODL
• 6:07
  Speaker 1: transactions within the US and they're going to do this
• 6:10
  Speaker 1: by utilizing possibly Ripples USD stable points. So that is
• 6:15
  Speaker 1: an interesting scenario that again very bullish for XRPM ripple
• 6:19
  Speaker 1: overall going forward, other things, of course, talking, I want
• 6:23
  Speaker 1: to kind of hit on this right here, and that
• 6:26
  Speaker 1: is the announcement. We talked about this a little bit
• 6:28
  Speaker 1: last week August nineteenth. This is coming up here just
• 6:30
  Speaker 1: a couple of weeks to improve stability, reduce note operations,
• 6:33
  Speaker 1: and enhance security. This course is the XRP ledger on
• 6:37
  Speaker 1: test net. The other thing is is they're talking about
• 6:40
  Speaker 1: the reset for testing the token ized US Treasury bills
• 6:44
  Speaker 1: with ripple investing. I know, ten millions not a lot,
• 6:46
  Speaker 1: but that's still an investment that I think is going
• 6:49
  Speaker 1: in the right direction. So again, more bullish potential here
• 6:52
  Speaker 1: for ripples strategy going into the token is securities and
• 6:57
  Speaker 1: treasury bills market. All right, So I've got another clip here.
• 6:59
  Speaker 1: This is our interview with twenty one shares. We were
• 7:02
  Speaker 1: talking a little bit about XRP and an ETF. Could
• 7:04
  Speaker 1: that be a possibility. Remember it's not a security now,
• 7:07
  Speaker 1: so could this play into the hands of asset managers
• 7:11
  Speaker 1: out there going into an ETF strategy? Take a look
• 7:14
  Speaker 1: not a security because there's no futures needed there. Why
• 7:18
  Speaker 1: not see an XRP maybe go to market much faster here?
• 7:21
  Speaker 1: What are your thoughts on that.
• 7:22
  Speaker 10: We listed the world's first and have the world's largest
• 7:25
  Speaker 10: ripple ETP. Where bullish on XORP as an asset. We've
• 7:30
  Speaker 10: published a lot of security sorry, a lot of research
• 7:33
  Speaker 10: about it. I would say that it's absolutely part of
• 7:36
  Speaker 10: our product vision and ambition globally, not just in America.
• 7:42
  Speaker 1: Part of their product vision globally, not just in the US.
• 7:45
  Speaker 1: So I don't know, guys, Maybe this is heating up
• 7:48
  Speaker 1: much faster. Could we see a lot of more bullish
• 7:50
  Speaker 1: news coming out. Remember Swell is happening here in Miami,
• 7:53
  Speaker 1: so there could be a few things lining up here.
• 7:56
  Speaker 1: I want to go to a clip because this is
• 7:57
  Speaker 1: other news, but it does talk about, you know, just
• 8:01
  Speaker 1: the framework of the SEC, because there's a lot of
• 8:03
  Speaker 1: things that really kind of aligns with what the SEC
• 8:06
  Speaker 1: is trying to do, not only in crypto, but in
• 8:09
  Speaker 1: business in general. This is a clip of Gensler and
• 8:12
  Speaker 1: Hester Pearce in the Small Business Capital Formation Advisory Committee,
• 8:18
  Speaker 1: and it's interesting.
• 8:19
  Speaker 2: I want you to watch this.
• 8:21
  Speaker 8: Okay, good morning, and welcome to today's meeting of the
• 8:25
  Speaker 8: SEC's Small Business Capital Formation Advisory Committee. I'd love to
• 8:29
  Speaker 8: start with remarks from Commissioner Perse, who is here with
• 8:32
  Speaker 8: us in person. Thank you.
• 8:33
  Speaker 5: Crowdfunding can provide early stage companies with a quote simple
• 8:38
  Speaker 5: and inexpensive method of raising capital, to help all stripes
• 8:41
  Speaker 5: of entrepreneurs access capital and allow ordinary people to make
• 8:45
  Speaker 5: investments that have traditionally been limited to the wealthy and connected.
• 8:50
  Speaker 5: An entrepreneur who has built a small company with promising
• 8:53
  Speaker 5: commercial prospects would like to introduce a crypto token with
• 8:56
  Speaker 5: whom should that entrepreneur speak.
• 8:58
  Speaker 8: Wonderful, Chair Guensler, are you able to hear us now?
• 9:03
  Speaker 2: Yes, very well.
• 9:04
  Speaker 11: I was able to hear Commissioner Purs's discussion of angels
• 9:07
  Speaker 11: in Ohio. Wonderful or I assure you, Commissioner Purse, there
• 9:11
  Speaker 11: are many people and others that could be angels in
• 9:19
  Speaker 11: any state of this country.
• 9:21
  Speaker 12: I talk to entrepreneurs all the time and they're like, Okay,
• 9:23
  Speaker 12: well this is the type of company I have, and
• 9:25
  Speaker 12: this is the type of funding I'm looking for, and
• 9:28
  Speaker 12: then you know, a lot of it comes down to
• 9:31
  Speaker 12: they just have to network and network and network, just
• 9:33
  Speaker 12: trying to find the people that match up to them.
• 9:36
  Speaker 12: I mean, I know a lot of people in an
• 9:38
  Speaker 12: angel world, but I have struggles even to talk to
• 9:41
  Speaker 12: an entrepreneur and they're like, this is exactly what I'm
• 9:43
  Speaker 12: looking for, And then I'm like thinking through, like who
• 9:45
  Speaker 12: do I know? And there isn't necessarily a place that
• 9:48
  Speaker 12: you can go to find out. I mean, the Angel
• 9:50
  Speaker 12: Capital Association's website, we try to put a list of
• 9:53
  Speaker 12: the angel groups that are out there and kind of
• 9:55
  Speaker 12: what their focus is, but it's it's like the matchmaking
• 9:59
  Speaker 12: is very challenging, and they're not allowed to talk about it,
• 10:02
  Speaker 12: So that becomes very challenging too.
• 10:04
  Speaker 10: But I think that that's a big deal because I mean,
• 10:07
  Speaker 10: they're not wanting to actually participate in angel investing.
• 10:10
  Speaker 6: Ever.
• 10:10
  Speaker 4: Again, I'm going back to real estate or something else,
• 10:13
  Speaker 4: and I've seen it.
• 10:14
  Speaker 2: I've seen it.
• 10:15
  Speaker 6: Can you explain a bit about what the reasoning behind
• 10:18
  Speaker 6: is start up not being able to publicly say that
• 10:22
  Speaker 6: they're raising.
• 10:23
  Speaker 11: As I've said in the past, the Commission acts within
• 10:25
  Speaker 11: the law and how the courts interpret the law. I
• 10:29
  Speaker 11: believe that the vast majority of crypto assets are investment
• 10:32
  Speaker 11: contracts and thus subject to the federal securities laws. To
• 10:37
  Speaker 11: investors who may be listening to this webcast, I encourage
• 10:41
  Speaker 11: investors to exercise caution about the myriad risk associated with
• 10:46
  Speaker 11: products whose value is tied to crypto securities.
• 10:50
  Speaker 1: All Right, So the point of this clip really just
• 10:52
  Speaker 1: to align in the sense that the sec continues to
• 10:55
  Speaker 1: press on small business startups entrepreneurs.
• 10:59
  Speaker 2: This is in rage.
• 11:00
  Speaker 1: I think the business community as a whole, and when
• 11:02
  Speaker 1: you erase the business community, typically it does not align
• 11:05
  Speaker 1: with the Democratic and even the Republican efforts of what
• 11:07
  Speaker 1: they're trying to do in DC. That being the point
• 11:11
  Speaker 1: you look at this Democrats launching their Crypto for Harris
• 11:13
  Speaker 1: campaign to counter Donald Trump, and this is going to
• 11:17
  Speaker 1: be happening next week. We'll have ro Kana kind of
• 11:20
  Speaker 1: leading that. We'll get a chance to hear, maybe for
• 11:23
  Speaker 1: the first time, what Harris's position is in terms of
• 11:27
  Speaker 1: crypto in general. Does this mean it's positive or is
• 11:30
  Speaker 1: it just you know, kind of kicking the can down
• 11:32
  Speaker 1: the road and holding the position of what the Biden
• 11:36
  Speaker 1: administration has been.
• 11:38
  Speaker 2: We'll find out in a couple of days.
• 11:40
  Speaker 1: It'll be one of those things. I think it'll play
• 11:42
  Speaker 1: into it now. With that being the case, the other
• 11:44
  Speaker 1: thing that could be very positive for the crypto community
• 11:47
  Speaker 1: would be when this transition occurs. This is an opportunity
• 11:50
  Speaker 1: because at that point, you could, you know, put a
• 11:53
  Speaker 1: little pressure on Gensler to leave, or he might just
• 11:56
  Speaker 1: end up in a position where he's just resigning because
• 11:58
  Speaker 1: of the friction that it could be. In the overall
• 12:02
  Speaker 1: scenario of what's happening with in DC, I think it
• 12:04
  Speaker 1: happens could happen either way. Trump gets in obviously, but
• 12:08
  Speaker 1: even if Harris gets in, because of the rub between
• 12:11
  Speaker 1: Harris and Senator Warren, that's another angle that could put
• 12:15
  Speaker 1: a lot of pressure on Gsler.
• 12:17
  Speaker 2: We'll find out. Make sure and track that.
• 12:19
  Speaker 1: One hundred and forty five days out, we'll see that
• 12:21
  Speaker 1: would be one of the biggest bull days I think
• 12:23
  Speaker 1: in crypto is when Gesler steps away.
• 12:25
  Speaker 2: From that position.
• 12:27
  Speaker 1: All right, if you guys are not in our diamond circle,
• 12:30
  Speaker 1: make sure and get in. It's in a great place
• 12:31
  Speaker 1: to get additional content and make sure I like this video.
• 12:34
  Speaker 2: Just click the like button.
• 12:36
  Speaker 1: If you're not subscribed, go ahead and do that. It's
• 12:38
  Speaker 1: a great thing because it's going to get it into
• 12:40
  Speaker 1: your algorithm. It's also going to help other people find
• 12:42
  Speaker 1: this video. And of course, if you're not following me
• 12:44
  Speaker 1: out there on X do that. It's at Paul Baron.
• 12:47
  Speaker 1: We'll catch you next time right here on tech Path