If you're a follower of XRP or RIPPLE or not really,
and you're just really curious as to what's going on with it and the case with the S.E.C., I'm telling you, you can't make this stuff up. This stuff gets weirder by the day. In today's video, we're going to be talking about a couple of things. Number one, the price of XRP is is hurtling towards two dollars and most likely going to go past it. At least that's what some of the chart analysts say. And now this is where this story gets really weird in the SEC versus RIPPLE coverage. John Dean, who who filed suit against the SEC on behalf of all XRP holders last week, laid out on a blog post on his Web site, basically a timeline, a storyline of the former SEC chairs that actually brought this SEC lawsuit against RIPPLE and everything that they've been involved with, including their ties to Bitcoin Ethereum and how they actually profited. This stuff is getting crazy. You'll want to listen to this, everyone. My name is Randy. Welcome back to The Late Night Grind. And on this channel, I'm covering the SEC versus RIPPLE case, as well as other cryptocurrency news, investment markets, personal finance and stimulus check updates. So if any of those topics interest you at all, go ahead. Please click that subscribe button. And also, don't forget to tap the bell notification icon that way. YouTube will actually notify you when I release a new video. And of course, I do that when there's new developments. And speaking of the SEC versus RIPPLE , there is always new developments. I guess you could say that for finance and crypto as a whole. So if you're feeling really generous, I'd really appreciate it if you gave it a big thumbs up. It really helps out a newer YouTube channel like this. It helps out with the YouTube algorithm and basically tells YouTube to share this video with other audiences. So if you are an expert beholder, you might want that extra exposure. Just saying. All right, guys. Well, with that out of the way, let's get into it. So every single day, I follow several technical analysts that follow the charts of XRP Bitcoin and in several others that I've been following closely. And if you follow this pretty close to, you've probably no doubt go through Twitter and the Twitter feed. And if you type in Hapi on Twitter, it's basically like scrolling through XP chart porn. But the consensus that I've been seeing in the last 24 hours is that there looks like there's probably going to be a consolidation of XRP down to about the 145, maybe 150 a dollar fifty price point before it turns and makes a big run well past two dollars. And who knows how much higher. Now, these analysts that I watched are doing a variety of doing a variety of calculations and charting basically to come to that conclusion. But a couple of them have given some very short term outlooks. And by short term, I mean like three to six months. And some of them are now saying that even with the SEC case going on, three, four or five dollars is very likely, especially if Bitcoin hits that second part of the bull run for the remainder of the year. Now, there are those that say, well, the SEC case, that's really going to hinder, that's really going to hinder XRP in terms of its price. But if the but if the judge actually rules in favor of XRP and especially if it gets relisted, especially if it goes back on Coinbase, then we could be seeing at ten dollars plus by the end of the year. Again, that's not my opinion. That's the opinion of some people that literally follow these charts morning, noon and night. Let me know in the comments section down below if you think, well, you know what? I already know what you think. There's there's many of you that think it should be a ten dollars right now and that it's going to be in a thousand by the end of the year. I don't think it's going to get there. But I've seen many of your comments and I know you think and speaking of things going to the moon, Elon Musk, like I said earlier, it was going on Saturday Night Live and he's been pumping Dogecoin a lot recently. Now, the last time he did it, he basically took he basically took Dogecoin and started pumping it heavily. And the price reacted accordingly. After a brief downturn, he then pumped it again, touting his appearance on Saturday Night Live. And it sent the price skyward once again. And honestly, I can't exactly sure why he's doing this, especially with Dogecoin, if he thinks it's funny or if he's actually personally invested in it. But it's kind of surprising because honestly, to me, he seems more like a cat kind of guy. But speaking of others who have had run ins with the S.E.C., like Elon Musk, we're going to be talking about John Deaton and basically and all of the information that he's been outlining on his website, on his blog posts and all linked and all linked to that in the description of this video below. You can go read more of that for yourself. But I'm just going to go over some of the the highlights, some of the real interesting facts that he's painting a really, really interesting picture. And here's the thing with his lawsuit basically filing suit against the SEC on behalf of Sarpy holders, the SEC, AMPA and REPL both have to reply and respond to this lawsuit on Monday. So Monday, May 3rd, we're going to be getting some we're going to be getting a lot of news. We could be getting a ruling from Judge Noppen on the use of M0 use that the SEC was using. It looks like we're also going to be getting a 60 page response from the SEC as to why they think the judge should throw out the request to throw out the personal lawsuits of of Brad Garlinghouse and Chris Larson. They were all. It's going to be hearing back for Ripple as to why they don't consent to that. So that's all coming up on Monday. Definitely going to be making videos and covering that. So like I said, if you're not subscribe to this channel already, go ahead and subscribe, because that's these new developments come out. A lot more of these videos are going to be coming out. OK, so John Dean, what he's doing is kind of basically painting a picture of all the corruption or I should say corruption, so I don't get in trouble at the SEC where the former chairs that were running the SEC. So I'm going to go over a couple of points that he actually laid out in his blog. And it goes over a timeline of everything that Jay Clayton, William Hyndman and Mark Berger had been involved with before, during and after their time at the S.E.C. And if you're an XP holder, you're really going to find this interesting. And when I say corruption, that's a strong word. Now, you could make the point that some of these things sound like corruption, but a lot of people would probably argue that this is more sounds like a conflict of interest than outand out corruption. Well, here we go. I'm just going to go over a few things and I'll let you guys form your own opinion. And I'm not going to go over every single point. I will let you guys do that. Like I said, I'll link to a link to this in the description down below. But now here's some of the more interesting points. In January of 2017, J. Clinton was nominated as chairman by President Donald Trump. Despite widespread concerns of Klinz numerous conflict of interest. He was ultimately sworn in on May 4th, 2017. The conflict of interest are actually many, especially regarding the crypto space. On May nine, 2017, William Hyndman was named the director of the Division of Corporate Finance at the SEC. Upon his appointment to the SEC, Hyndman left his post at law firm Simpson Thatcher, which which sits on the Ethereum Enterprise Alliance and represents cryptocurrency related financial interests. But he continued to receive millions in financial payments from the firm, insure him and had a clear financial interest tied to the regulatory action by the SEC. Related to crypto currencies while he was serving in a top position, this was something that one former SEC ethics lawyer said was a little unsettling. Yeah, you think? In twenty eighteen, Clayton publicly declared a bitcoin. It was not a security and that sent the price of Bitcoin soaring at the time. Twenty eighteen. During a Yahoo Finance summit in San Francisco, Hyndman declared that Ethereum token ether is not a security that also sent the price of ether skyrocketing. In twenty nineteen Simpson Thatcher led a Chinese based crypto mining company kenen to their IPO can and provides the technology for mining Bitcoin and is publicly bullish on Bitcoin. Hyndman was still at the SEC when this happened and he's still collecting checks from Sims and Thatcher. On December 4th, 20-20 Hanemann resigned from the FCC December 22nd, Clinton's last day in office. The SEC Enforcement Division, led by Berger, filed its lawsuit against RIPPLE and its executives, alleging that zappy sales over the last seven years were unregistered security trades. The complaint indicates all sales were illegal, therefore ensnaring millions of people who hold XRP, but some of which you have never even heard of RIPPLE . They just trade XRP. Then the price of XRP plummeted on January 12th. Twenty.
