Cryptocurrency in its early Inception as the co-founder of Bitcoin magazine in 2011.but back in 2013 vitalik officially founded the ethereum blockchain this included the entire ethereum Foundation which was officially created and the ethereum crypto coin but everything changed in the year of 2018 when xrp officially started off the year Hitting an all-time high at around 3.84 cents at the same time xrp’s market cap was exponentially growing even beginning to compete with the ethereum market Capital thus the ethereum foundation was struck with fear and so they decided to do what they could do because they have The funds to do so and that was to go ahead and personally attack xrp how did they do this they went ahead to Jake Clayton and the SC official paid them a bunch of money and told them to give a speech and make sure that within the speech ethereum is deemed a Cryptocurrency and that’s exactly what William Hinman did at the time he was the director at the ICC and he clearly and concisely stated the fact that ethereum is not a security along with Bitcoin is not a security but didn’t label any of the other cryptocurrencies now that was supposedly supposed to drop The price of every other cryptocurrency but skyrocketed the price of ethereum and Bitcoin and even though this actually did happen bringing the price of ethereum up six percent from a previous 20 down xrp eventually skyrocketed with it even going ahead and overtaking ethereum’s market Capital making Ripple xrp overtake ethereum and Come in second place after Bitcoin stating these second largest cryptocurrency on CEOs bullish bets being xrp rather than ethereum this was another trigger to the ethereum foundation and this time they wanted to get xrpo so what did they do they decided to pay William Hinman and most importantly his chairman jakely in more Money and millions of dollars more to sue Ripple the company that was basically running on The xrp Ledger and to deem xrp a security and so what did they do Jay clean did exactly that on December 22nd of 2020 the SEC sued Ripple and deemed xrp a security and Guess what happened on the 23rd of December well quite simply the guy that sued Ripple the day previous officially resigned Jay Clayton and not only did he just resign he went and worked at Simpson Thrasher which is a major crypto Law Firm which was funded completely and founded completely by the Enterprise Ethereum Alliance which is basically the ethereum foundation proving a complete conflict of interest in a direct correlation between money by the ethereum foundation and the lawsuit suing both Ripple and deeming xrp as security and with that we land on the SEC Ripple lawsuit which is a year-long Battle now getting close to its third year in which the SEC still fights over the fact that xrp is a security but today all of this change because the William Hinman emails uncovered all of this conflict of interest and put the ethereum foundation chairman in a very Tight corner now everybody knows that he and officials were working together to do this major Scandal and so he has decided to as per this account right here resign as the head of the ethereum foundation chairman having a look at this information right here it states on June 14th Hinman shared a draft of the speech with the SEC division heads and wrote that the proposed language about ether is in Brackets and would be used if we are all in an agreement and adding we also have a call with Butrin later this week to confirm our understanding of how The ethereum foundation operates suggesting that the draft did not reflect hinman’s understanding of how the ethereum foundation operate it also informs at the beginning that for example after ether’s initial inclusion in the draft alongside Bitcoin as an example of a digital asset that no longer were Securities Drew opposition From within the SEC Hinman inserted an alternative to the proposed ether language which could be used on ether if we need to hedge the issue a bit at the time of the speech this is crazy crazy news right here now the entire speech has officially been released and all the Documentation that was redacted including the deposition is right in front of you so again if you want to have a quick read you can do so but this is extremely important right it cites that right here arguing the xrp is security because Ripple was xap’s largest stakeholder and therefore had Economic incentives to make the price of xfp go up compare the SEC lights email lockups for developers promoters are indicatories of non-security digital assets with the SEC BR at 25 arguing that the xrp is security due to founder lockups and ripple xrps grow now before we move further into this video If You’re trying to make yourself a ton of xrp by staking it you’ll have to use dexpool which is linked in the description now I do want to say that they just sponsored this video but they are actually one of the greatest platforms that I personally use to stick My xrp and I’ve been sticking with them for some time now keep in mind they give you your profits every single eight hours and have over 300 86 million dollars in total protocol liquidity and that’s increasing on a daily basis they also have over 383 Pairs and feature all Of the top cryptocurrencies including some of these smaller ones as well so you can basically take any cryptocurrency that you hold and to top it off for you guys they’re doing a hundred xrp liquidity bonus in which you get a 10-day liquidity bonus the offer is limited and make sure you guys take Advantage of this again the link is down in the description they have a bunch of options like top up withdraw and viewer transactions and it is extremely simple to do all of this and you can actually complete it in only if you clicks I personally have not only been able to Withdraw my profits but also my initial investment and the allow you to unlock your liquidity at any point in time and reap their Wards still that you have gained so you basically don’t lose that being said make sure you guys do use the link in the description and let’s get Right back into the video with everything going on there are three major rumors that have been released on June 13th of 2023.the first one being that Ripple and the SEC are planning to settle now I want to make this clear that even though Ripple CEO cited that This tweet is not in reference to settlement in which she says no it’s not in reference to settlement it does not mean settlement isn’t on the table and we’ll have a separate video talking more in detail about this it does make sense that in the street he’s referring to the William Hinman documentation and so he’s clarifying that by answering the question is could this tweet be referring to settlement he cites no it is not the second major Rumor for the date of June 13th of 2023 so it’s xrp is going to be integrated by multiple countries for cross-border payment Transactions and that the Swift banking system will now have some of its volume taken over because the Ripple nut system is going to be dominating it this is a factually based rumor and it’s not a rumor because it’s 100 fact based there has been significant amount of volume Increase in The xrp Ledger and an xrp specifically in fact just over the last 10 days xrp has grown immensely gaining over 1 billion dollars in trading volume and of course Ripple officially rolled out their Central Bank digital currency platform for multiple governments and financial institutions to use those Including countries and central banks so the processes already have begun now the last and most unlikely situation is xrp to reach 96.72 cents per xrp by the 14th of June now this is something that I talked about in a different video and I clearly and concisely stated that I personally Do not believe this is going to happen because it’s gonna happen too quick and the timeline given of June 14 2023 is literally in the next couple hours so it’s past 12 so it’s currently June 14th the facts don’t prove it’s gonna happen the technical analysis doesn’t say it’s Gonna happen it seems like some random news that was created by just a random account so this is the rumors I’m giving it to you guys but 96.72 cents has quite clearly already been debunked since it is currently past 12 and the current price of xrp as of this exact moment is 51 cents heading at 51.5 cents right here so it is positive we did have a major pump today because there’s only 100 emails it did drop uh but overall I will say that it has been quite decent for xrp so those are the three most prominent news rumors that I have went Ahead and showcased you guys like I said if you guys did enjoy this video make sure you guys go ahead and show your support by Smashing the like button hitting that subscribe and of course sharing this video to your friends and family this is some serious news specifically the ethereum resigning that Is fantastic to see if this news is 100 legitimate we are going to see some very very positive stuff happening for the Ripple SC lawsuit specifically because once again it will prove what is going on to be 100 legitimate so like I said smash like button share this video let Everybody know what’s going on and that being said follow me on Twitter Instagram all my social media links will be in the description and I’ll see you in the next one peace 💥 Stake Your XRP & CRYPTO 💥 https://dexpool.io/?dex=630221 The Crypto Geek Provides all the Latest News Around the Global including World Events, Finance and even Crypto! 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