🚨RIPPLE CEO SAYS SEC WILL LOSE TO ETHEREUM SAME WAY IT DID TO XRP!!

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we got some interesting news coming out from Ripple CEO Brad Garlinghouse. He retweeted Paul Grawall's comment yesterday about the SEC going after Ethereum, and here's what he had to say. The SEC picked fights with the industry and is losing badly in the courts. They're now fighting fellow regulators like the CFTC and falling behind international counterparts. At what point will the SEC realize they will lose the

war against Etherereum just as they lost against XRP. Wow. Big statements here from Brad, and great to see that Brad is bypassed seeing the tribalism and maximalism that we see from some XRP holders who want to see ETH go down just because they're mad about Bill Hinman. I've often stated, you have to separate the two things. Etherorem is just software, It's just a token, right, But the anger should be pointed towards not Vitalic and Etherorem, but

rather the SEC. They are the government officials that were compromised. They are the ones that caused this mess, and they are the ones that are funded by our tax dollars. That's why I'm pissed at the SEC and Gary Genser. I love that Brad came out and said this because the crypto industry does need to unite to fight against the common enemy that we have, and that is scumbag regulator Gary Genser. Now Stuart Alderaddy retweeted Brad. He's the chief

legal officer at Ripple. He said, Congress must stop funding this insanity. So my hope is that Tom Emmer and the folks at the House Financial Services Committee can cut Gary's budget as it relates to crypto until they're is actual legislation or Gary Genser backs down from attacking good actors in the crypto market. We don't want the SEC to stop doing its job, which is to protect investors, go after scams and bad actors, which exists in every industry. Right.

But Gary's clearly a puppet on strings controlled by Elizabeth Warren, and he's attacking everything in the crypto industry. They're trying to roadblock and kill some of these companies. We're seeing lawsuits, we're seeing lying hypocrisy much more by the SEC. They're breaking the law themselves and trying to stop good actors in the crypto market. It's unbelievable what we're dealing with now. In regards to the

Etherorem ETF, Nate Garachi, president of the ETF store, he tweeted out if the SEC was going to argue Etherorem equals as security, the time to do it was before they approved futures ETF's last October. They didn't do that. Why not was perfect opportunity, He says, also too late to make correlation argument. In my opinion, if okay, with Grandma buying each futures ETF, then why not spot So this is a big problem for the SEC

because they have been operating under the premise that it is a commodity. The features were approved, they went through all of these things. Now all of a sudden, Gary's doing a one point eighty and there's many layers here because it goes back to the Bill Hinman situation and how Etherrem was given that free pass and not the rest of the crypto industry. So lots of layers here,

folks, and we'll see how this plays out. This could be just a smoke screen from Gary to delay the Etherorem ETF because we saw two Democratic senators sent Gary a letter saying no more ETFs, don't approve any other ETFs. And I think Gary and Elizabeth Warren pretty much gave them the information under the table. I would bet money on that. And they didn't just wake up one day and say I'm going to go after these ETFs. Oh, I hate them right. They didn't wake up and do that on their own.

So I think we see what's going on behind the scenes. Smith Warner show and she will do anything and everything to try to slow crypto down. But the great things the courts are the ultimate equalizer and they are not putting up with any unlawful activities, lies in hypocrisy. They're handing out massive ls to scumbag regulator Gary Genser. Now, speaking of Etheroreum, there's a report

here that Vitallic Booterin, who's the founder of Etherreum, talks rainbow steaking at eth type ay to combat centralization risks, So interesting timing of this news here. In his latest talk at eth typeey Etheroreum, founder of Ittallic Booterin introduces

rainbow steaking as a way to combat growing centralization concerns around steaking. Booterin notes that staking in general and liquid steak tokens today have become centralization risk on the Etheroreum blockchain, and this was something that was brought up when Etherorem was moving from proof of work to proof of steak, that you're going to have a

good amount of whales that can hold up a ton of tokens. They can accumulate the tokens over time instead, and then the network becomes more centralized. He highlights that there are not enough solo stakers on etherorem today, citing technical challenges like running your own node and financial restraints like not having more than thirty two eth. This is because on Etherorem, solo steakers must deposit thirty two EH, which is just over one hundred and thirteen thousand dollars to join the

network as validators. Many individuals who wish to steak their ETH do so by delegating their tokens to liquid staking solutions. One of the most popular liquid steaking solutions today is Lido, which currently has sixty one point three percent dominance over the market today. Boteren remarked that a proposed solution to these centralization concerns around

steaking is rainbow staking. The idea here is that you explicitly split up into two kinds of steaking, and you can call it heavy staking and light staking, Budarin said. In this particular case, heavy steaking is slashable and signs in every slot. On the contrary, light staking, which is not slashable, is pulled up to sign slots through a lottery system. Here's a quote.

You basically try to explicitly separate out those two and potentially require both heavy steakers and light stackers to sign off on a block in order for the block to get finalized, he said, So you try to add the security of both of those approaches together. The framework of rainbow steaking is ultimately hoping to counter the emergence of one dominant liquid steaked token that could replace eth as the

main currency on the etherorem network. It is also designed to offer competitive participation by bolstering the economic value of being a solo staker. So this is great. I think this is a great idea. Let's see if they can roll out and get this going, because it will allow more participants and individuals to be able to steak because not everybody can afford thirty two eth right, So

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big news coming out here from krackin so Cracking CEO Dave Ripley, he tweeted out Crackin Financial, a state chartered full reserve bank, is now live and offering services to the crypto industry. Here's the news out of WYOM. This is a very big deal for Kracking that they are able to do this, folks. Let me zoom out a bit here. Second read so.

The headline reads Kracken unveils qualified custody solution for crypto in the US. Cracking Institutional, the dedicated brand for bespoke crypto solutions for institutional investors from one of the largest standing and most secure crypto exchanges, has formally launched its qualified custody

solution, offered through krack and Financial. It's state chartered bank. You want to know why Jamie Diamond and the banking incumbents are scared, why they're fighting back so much, why they have Elizabeth Warren and Gary Genser going after the crypto industry. They're getting disrupted. The capital is leaving their treadfi investment products and going into crypto. Crypto exchanges have the ability to custody assets and become

banks. So there's a change happening, a paradigm shift. So this is why we're seeing the big pushback and why we are in the then they fight you phase. So headquartered in Wyoming, USA, Crack and Financial is authorized to offer digital asset security and deposit accounts for institutions. As for its charter, Cracking Financial holds all deposits in full reserve. You know, Jamie Diamond doesn't like that, right, because no bank, for the major banks,

they don't hold your actual money. It's fractional reserve banking, right, So if everybody went to the bank and asked for the money, you're not getting all your money. I think we all have seen the movie It's a Wonderful Life, well some of us where that is shown, and you have this

bank run that may happen. So the future, though, is full reserves, and that's where blockchain technology comes into play and will change the whole banking system and make it better and make DeFi and individual lending and barring better as well. So once again all deposits in full reserve, making it the natural service provider through which Cracking Institutional can offer qualified custody. Here's a quote.

Custody has always been integral to the institutional crypto space, and the recent success of the big cooin ETFs has only underscored the need for a broader range of qualified custodians, said Tim o'gilvy, head of krack and institutional. Folks, this is big news, This is really big news, and Kracken is moving

forward despite the SEC trying to sue them again. Remember Kraken settled with the SEC over staking, had to shut their staking service down in the US and pay a penalty, and then the scumbag regulator Gary Ginster came back a year later sued them throw a whole bunch of all coins in the lawsuit, which you're not litigating those all coins individually, giving them due process that they are

doing the same thing to coinbase of course. So Kracken then is now suing the SEC, and eight state attorney generals are siding with Kracken, stating that what the SEC is doing is just wrong. So really big move here from Kracken. Of the top crypto exchanges in the industry. Now, folks, I'm sure many of you heard today Reddit went public today. They debuted on

the New York Stock Exchange at forty seven dollars a share. Reddit of course, being one of the top social media platforms, one of the top ones that survived the early Web TWI era right of social networks, so pretty incredible. And remember Reddit holds bitcoin in e theorem on their balance sheet and they have played around with NFTs and different tokens, so they are certainly looking to embrace crypto as much as possible. And a lot of the crypto community is

on Reddit. There's tons of Reddit sub forums around bitcoin, etheroreum, all are all coins and so forth. So big news and we'll see what Reddit continues to do with crypto as things progress. Now guys, we've been talking

about crypto's impact on the elections, and what we saw on Super Tuesday was incredible. Pro crypto candidates started to win. We got super PACs supporting pro crypto candidates much more. Kristen Smith of the Blockchain Association CEO of the Blockchain Association gave a great rundown summary here of what's happening, so I want to share that with you guys. She said, we're t minus approximately seven months till election day, and the digital assets industry is at a political all time

high. Here's how I see things right now, there's a growing segment of American electorate that we think elected officials and those running for office should pay more attention to people who care about the future of crypto. These aren't necessarily single issue voters, but they do care a lot about the future of innovation in this country. Happily, this segment is making its collective voice heard across the

nation. Now. She's providing different references, different tweets and links here, but she continues here in DC crypto users and industry professionals are engaging with Congress and offering solutions that can bring meaningful, real world change. She highlighted Coinbases Update the System summit that took place just yesterday. The crypto industry is also participating in electoral politics in a meaningful way with new groups that support candidates who

are forwardlooking when it comes to innovation. She highlighted a political article and she says, we are seeing results. So, like I said, crypt procrypto candidates were winning on Super Tuesday. She continues, the crypto ecosystem has rebounded from the twenty twenty two slash twenty twenty three downturn, markets are recovering, new projects are being funded and optimism is prevailing. Backing up that optimism the

American legal system. The courts have repeatedly sided with crypto companies in recent cases, so obviously highlighting the victories against the SEC as well as the EIA and much more. She says this is particularly apparent in cases involving the SEC, which was just this week was sanctioned by a federal judge for acting in bad faith. And in my view, there is no political upside to being anti crypto. Many voters see current rules and regulation as harmful to innovation and want

Congress and other regulators to supercharge new tech, not rein it in. Regulators and elected officials proposing even more punishing rules for crypto consumers and investors should ask themselves why if thousands of Americans are yelling that such rules would force them to close their businesses and or move their registrations overseas, The question should perhaps be, how can we craft pro business rules that protect consumers rather than drive them

away. I'm optimistic as ever, as I told the Boston Globe, I think twenty twenty four is the strongest politically that the crypto community has ever been, She says. Here final item, we say this a lot. Creating robust political advocacy and fundraising capabilities for a new and growing industry is like building a plane while trying to fly it. I think we're closer than ever to having all the pieces in place. I think she's spot on here, folks

and money talks in Washington, and so the votes. So we're seeing a massive change here. And remember, millions of Americans own crypto and this is where Elizabeth Warren and these folks are getting exposed. And the great thing is we have social media where we can amplify our message and highlight the lies, the hypocrisy and all the nonsense and unlawful activities that the sec. Gary Genser and Elizabeth Warren have been doing. So this is really great. We are

moving in the right direction. We need to get Congress to act, but we're moving in the right direction. And speaking of votes in DC, guys, a friendly reminder. I will be at the Digital Chamber of Commerce DC Blockchain Summit in May from May fifteenth to the sixteenth. There are two days. Fifteenth is a summit, the sixteenth there is an education day where you go in Capitol Hill meet with legislators and so forth. I'll be there. If you would like to attend, check out the link in the description.

You can use the code thinking Crypto to get a discount. And if you don't want to attend the summit, it is the more pricier ticket. You can come to the education Day, which is a lot but a great experience, and I would love to meet some of you there and talk about things and we can make our voices heard. So be sure to check out the link in the description to learn about the Blockchain Summit, the DC Blockchain Summit, and that's hosted by the Chamber of Digital Commerce. Well, folks,

that's the news. Leave your thoughts and comments below we hit the thumbs up button. Follow me on all social media platforms, subscribe to my free email news that are link will be in a description. Thank you for watching and listening, and I'll talk to you all later