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Attorney Hogan on Ripple v. SEC case- The FINALE! Everything is Filed and it's Time for PREDICTIONS!

Legal Briefs

Updated on Jan 23,2023

Attorney Hogan on Ripple v. SEC case- The FINALE! Everything is Filed and it's Time for PREDICTIONS!

and then,we'll always,love you,foreign,love hello,yes welcome to the La Grande finale of,legal briefs it is with great sadness,that I announced this will be the last,legal briefs video but it's going to be,the best kind of like Jay-Z's Black,Album and it's the last video because,the parties have filed their last,substantive briefs in the Ripple versus,SEC case so there's not going to be much,more to talk about just the waiting game,from this point so yes this is goodbye,but but not before we go out with a bang,because I'm going to be doing something,today that I have never done before and,that is give you my predictions for what,the outcome of the case is going to be,and remember I am never wrong and the,reason I'm never wrong is that I always,hedge my bets and therefore my,predictions will be based on the,likelihood of outcomes because there are,a couple of possible outcomes here and I,will lay it all out for you in the next,10 to 15 minutes now last week the,parties filed the replies to the replies,of the Motions for summary judgment and,that means the case is now officially in,front of Judge Torres she could render,an opinion tomorrow if she wanted she,won't but she could in theory more on,timelines later first let's take a quick,look at the sec's final brief at this,point there's nothing really new that's,being brought up we are now arguing over,fine points of fact or law so I won't go,into too much detail about either brief,this video is going to be about outcomes,that let me say this first off about the,SEC brief it's much better than the,first two the first two were not,impressive but this work was much better,and I thought it did a good job of at,least giving the judge a coherent,framework for its position that xrp was,sold as a security and here it is in the,sec's brief a nice summary paragraph of,the sec's position,quote here the court should analyze all,of the Undisputed facts and,circumstances this includes defendant,statements and actions the economic,reality of xrp's xrp and Ripple's,Financial motivations and contractual,terms for xrp sales if any such as,pricing discounts indicating an,investment intent these Undisputed facts,show that investors paid money for xrp,and ripple stated it would use those,funds to to promote and try to find use,and value for xrp ripple also told,investors that if it was successful,demand for xrp would increase permitting,Ripple in investors to profit xrp,investors including institutional ones,paid over 2 billion dollars for xrp,because they reasonably unexpected,Ripple and its principal decision makers,who had a giant pile of xrp who were,very long xrp to honor the promises they,had made and to do what they were,financially compelled to do use xrp sale,sales proceeds to fund extensive effort,it's to increase xrp's value close quote,that's a good summary paragraph I don't,like the syntax but I also thought the,SEC made some good use of the cases that,it had prosecuted successfully,previously by using the telegram and,Library cases and of course the kick,interactive case as persuasive Authority,the kick case being most problematic for,ripple since it was decided in the very,same court as judge Torres is in which,is the southern district of New York,remember the SEC for the last four to,five years has been using a common,long-term litigation approach as we,discussed a year and a half ago and I,used my lion analogy so think of the SEC,in 2017-19 like a young lion does he,attack the largest bull no he goes for,the young and weak at first and then,when he gets bigger and stronger and,more confident he goes for the bigger,bulls that is exactly what the SEC was,doing it was preying on the week and now,that it's been eating for three years it,was ready for the bowl my God I was so,young when this started and calm so yes,the young SEC lion went on the attack,but I'm happy to report it did not find,an easy meal because Ripple put up a,fight like I've never seen before I was,impressed and I'm not easily impressed,which brings us to Ripple's final brief,and it really doesn't let its foot off,the gas on any single legal issue here,first that the SEC hasn't proven that,all sales alleged sales of xrp involved,money second that xrp was not sold as an,investment contract third that there was,no common Enterprise and fourth that xrp,purchasers did not rely on Ripple to,increase xrp's price and those are just,the main issues IT addresses it's really,a big brief and ripple also has a nice,summary paragraph and here it is and,it's brief on the bottom of page four,quote in short the SEC is asking the,court to rewrite the statutes that,Define its Authority for the SEC to,Prevail in its opposition the court,would have to endorse the sec's theory,that there can be a investment contract,without any contract without any,investor rights and without any issue or,obligations it would have to endorse the,sec's theory that there can be a quote,common Enterprise even if the SEC cannot,say what the

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Jeremy Hogan on Ripple v. SEC: Hinman Emails! Reply Briefs! Speculation! We Are Almost THERE!

Jeremy Hogan on Ripple v. SEC: Hinman Emails! Reply Briefs! Speculation! We Are Almost THERE!

hello and welcome to legal briefs it's,the Ripple versus SEC Fight Club Edition,because finally over the last couple,days Ripple and the SEC have taken on,each other's positions and really come,to blows as the Hinman emails have been,handed over and we have now seen both,the Ripple and the SEC replied briefs no,more tiptoeing around Fight Club has,begun it was on the tip of everyone's,tongue can I be next we just gave it a,name gentlemen welcome to cuddle Club,cuddle Club really,well we couldn't get the copyright for,Fight Club so we could violate Sesame,Street's copyright but not fight club,what's YouTube coming to,okay welcome back and tonight we are,going to get you up to date on the,Ripple case there is a lot to go over so,this will be a little long because,the fight is on the big news was,probably the Hinman emails and that was,big but maybe even more important from a,pure legal standpoint we got to see the,sec's reply brief and we can evaluate,how strong its reply was to Ripple,summary judgment motion and perhaps most,importantly we can now get a feel for,what the likely outcomes are from this,entire case but not yet it's a lot and,this is truly the culmination of the,last two years so we are going to start,with the emails then look at the sec's,response brief and then it ripples,response brief and then we will conclude,and speculate and so Thursday night I,had just ate dinner with my family it,was just getting over my shock that I,had no idea how to help my 13 year old,with her science homework when this,popped up on my Twitter feed from the,general counsel for ripple quote over 18,months and six court orders later we,finally have the Hinman docs internal,SEC emails and drafts of his Infamous,2018 speech while they remain,confidential for now at the sec's,insistence I can say that it was well,worth the fight to get them close quote,and I said thank God for that because,then I could stop thinking about,covalent bonds for a while and I told my,daughter you're on your own and I got on,Twitter and then I saw this from the,Ripple CEO himself quote the SEC wants,you to think that it cares about,disclosure transparency and Clarity,don't believe them when the truth,eventually comes out the shamefulness of,their behavior here will shock you close,quote wow Girling house had the chance,to throw a punch and he sure did can't,blame him I mean the SEC have been,throwing free punches at him for two,years now so yes the Hinman emails were,actually given to Ripple but what,exactly is in them well some parts make,it into ripples reply brief so we do,have some ideas looking at the bottom of,page 48 of Ripple's brief quote,contemporaneous SEC Communications,suggests that the sec's own officials,were well aware that the speech would,lead to redacted and deliberately,recommended give industry participants,redacted presumably to give the agency,more room to maneuver close quote so at,least there we can infer that the first,part says SEC officials were well aware,that the speech would lead to confusion,or something like that in the,marketplace even if we can't infer the,second word but put the guessing game,aside for now and let's see what we know,about the secretive emails for sure,first we know the SEC fought tooth and,nail not to produce them and now they,have but we also know that the emails,are under seal so the public won't,probably get to see them until December,at the earliest we also know that the,emails are only really relevant to the,fair notice defense and not to the issue,of whether xrp is a security or not we,know that the SEC wants the judge to,rule in its favor on the fair notice,defense and now we also and finally know,that Ripple wants a jury trial on its,Fair notice defense not the judge to,decide it and summary judgment and how,do we know that let's look at Ripple's,recent brief on page 40 33 quote Roman,numeral 3 defendants Fair notice,presents genuine disputed issues of,material fact for trial in seeking,summary judgment on defendant's,affirmative Fair notice defense the SEC,ignores overwhelming evidence showing,that no reasonable person trying to,apply the Howie test would have believed,that defendants offers and sales of xrp,most of which involve no contract at all,were investment contracts and thus,Securities close quote yes Ripple is,saying we'll see you in court on the,fair notice defense SEC we want to run a,bunch of SEC employees and prior,employees including Mr Hinman up on the,stand and cross-examine them in a public,forum on the guidance or lack thereof,provided by the SEC and we want to ask,them understand why the SEC director of,enforcement declared ethereum a,non-security knowing that it would cause,all sorts of confusion in the,marketplace and even having been warned,about it by other Attorneys at the SEC,why indeed so you could say that,garlinghouse's tweet was a declaration,of war and Declarations of War as,history tell us tells us are always made,from places of strength so let's move

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ATTORNEY JEREMY HOGAN : SEC CAN'T WIN-ELON MUSK TO USE XRP AT TWITTER?LATEST XRP NEWS-XRP NEWS TODAY

ATTORNEY JEREMY HOGAN : SEC CAN'T WIN-ELON MUSK TO USE XRP AT TWITTER?LATEST XRP NEWS-XRP NEWS TODAY

we got some latest Ripple xrp News Today,top attorney Jeremy Hogan recently,shared some tweak where he explained why,SEC can't win,why the SEC cannot meet its burden on at,least one element of the Howie test in,order to win its summary judgment the,SEC has to do two things one prove every,element by the greater weight of the,evidence and two prove that there is no,genuine dispute of a material fact,looking at the expectation of profits,based on efforts of others prong what do,we see first the sec's sole evidence is,statements from Ripple and a handful of,purchasers about Ripple's involvement in,the price of xrp,it abandoned its expert witness on this,issue,Ripple counters the SEC with its own,expert witness who correlates xrp price,action with Market forces especially,since 2018.,and ripple apparently also files three,affidavits from Deaton and xrp holders,that they were not looking to Ripple to,increase xrp price,Burton met,seems to me tell me if you disagreed,that SEC has absolutely failed to meet,its greater weight of the evidence,burden a handful of statements over,eight years versus expert opinions and,three affidavits but even putting that,aside is there a genuine issue of,material fact here,Ripple has submitted direct hard,evidence that a reasonable xrp purchaser,was not relying on Ripple to increase,price,I don't see how the judge ignores that,evidence and grants summary judgment on,this prong of the test not saying that,SEC can't win but it can't win here,the court has granted the Seth he sees,motion to extend the time for all,parties to file replace reply briefs are,now due November 30 2022 and the,deadline for filing amicus briefs is,November 11 2022.,I am sticking to my prediction that,District Judge Tories will decide both,the expert motions and the summary,judgment motions at the same time on or,before March 31 2023,scheduling update as of November 4 2022,with dates specific to the Motions for,summary judgment November 11 2022,deadline for any additional Amicus,motions in briefs November 30 2022,parties file summary judgment replying,priests temporarily under seal December,2 2022 parties meet and confer to,identify redactions sought by each side,to the reply Breeze December 5 2022,parties file public redacted versions of,reply briefs making only those,provisional redactions requested by the,parties during the meet and confer,December 22 2022,parties file Omnibus motions to seal all,materials relating to the summary,judgment motions including priests,January 9 2023,parties file oppositions to Omnibus,motions to seal,attorney Hogan said just to see normal,people talking about amicus briefs on,Twitter and YouTube is amazing normal,meaning not lawyers,so March 31 2023 is the time where,finally we may see Ripple to destroy SEC,properly,Hogan said and there you have it March,31 2023,based on what,Hogan said based on attorney philman's,review of Judge Tori's prior rulings and,him being a legal genius,one user asked Jeremy what is the story,about the emails all being fully,disclosed in January,surely it settles before they let,everyone see them,attorney Hogan replied yes if there's no,settlement before then those emails get,released,so is helping transform Finance,businesses today in a few different ways,and I think one of the challenges the,industry has been to focus on solving,real problems for real customers and,ripple obviously from its earliest days,focused on the problem around,cross-border payments that's a point of,a lot of friction as measured by speed,and cost and by focusing there we've,been able to have a big impact on that,you know relatively small piece but I,think over the next years you're going,to see many Financial transactions where,a middleman sits a middle transaction an,intermediary those will get removed and,we'll use blockchain and other digital,asset type Technologies to remove that,friction and I think all of society will,benefit from improving the efficiency of,those those systems I think you'll see,that certainly you've seen it in,security settlement as an opportunity uh,the the financial transactions around,bonds around derivatives a lot of these,things take a while to settle and the,friction Associated actually holds back,back the industry insurance is an,industry I think you're going to see,touched trade Finance is an industry,that really Ripple some of our customers,have invited us to participate in and,you've seen an experimentation around,identity in uh real estate and title,management and you know these are all,examples where I think it's so hard to,predict,where this will go in the same way that,25 years ago when I first got involved,in the internet of information I never,could have predicted on my smartphone,I'd press a button and I'd have a car,picking me up minutes later you know I,think this will permeate lots of,different parts of our society,BTC Maxi Anthony pompliano said elamisk,really wants to turn Twitter into a,payments app then Bitcoin is the only,paymen

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Talking To Your Kids About Money - Jeremy Hogan, Managing Partner At Hogan & Hogan #9

Talking To Your Kids About Money - Jeremy Hogan, Managing Partner At Hogan & Hogan #9

thank you,what's up world and welcome to another,episode of the super investor show,I kind of didn't want to start because,what the conversation I was having,offline before we went live was,incredible with this gentleman,um he got me thinking way too far in the,future where my mind isn't even focused,on today but for good reason,um if you're not familiar with the legal,Legend Jamie Hogan you will be by the,end of this well known in the xrp,community for making the abstract,lawsuit that's taking place and putting,it in quite simple terms with his,educational and very very entertaining,videos,so it's your chance now to see aside to,Jeremy that you may have never seen or,heard before and we're going to be,talking a lot more about his investing,philosophy when he actually came into,the crypto space maybe what he was doing,in the past life and how he is thinking,a thousand years ahead so with that,being said please welcome our guest for,this evening Jeremy Hogan,Jordan Harry how are you all the better,for seeing you sir now I have to say,before we begin that for you to come on,here and talk about investing I know you,keep putting yourself down but I want,you to put that aside and understand,that there is someone watching right now,who's going to benefit massively from,hearing your experience so yeah if,anyone who doesn't know who you are,don't be how would you define yourself,well uh for an occupation I'm a partner,at Hogan and Hogan of course I work with,my wife who is the head partner and,she's actually next door probably,listening in as I'm talking right now,uh I'm a lawyer I've been a lawyer since,2003 and as a lawyer I've pretty much,done all there is to do but litigated,cases gone to trial,filed bankruptcy's filed immigration,paperwork uh more recently I represented,some crypto projects and helped them out,with certain things so,um that's what I do from a you know from,a legal side in in my personal life I'm,a husband and father and son and on all,those type of things as well so,and it's all those other things which,we're going to be talking about today,although you are well known,um and rightly so for what you've,achieved in your professional career I'm,more interested in you as a human so um,we'll start Jamie with the first,question which is what is your,superpower and you've already hinted on,it you know mentioning your wife I'm not,sure I talk about my fiance quite a lot,but why,would you say that your family is your,superpower,well from an investing perspective I,really sucked at it uh when I was in,when I was younger to be honest,um you know you always think that you,have more time than you do and you know,you're in your 20s and you're always,thinking well when I do this or when I,do that you know like for myself,um you know I got out of school and I,didn't know what I wanted to do and I,was a teacher for a couple years and,then it was like well I'm gonna go to,law school so then it became well when I,become a lawyer and then it became well,when I own my own practice you know and,there's always something that you're,waiting for I think in in the investment,life and I think you know the one,message I wanted to get out really is,you don't have as much time as you think,you're going to Blink and you're gonna,be 50 years old like myself and it will,happen uh you know God willing so uh now,is the time like now is the time to do,things if you want to and I wish I had,done that earlier and the reason I said,that my family is my superpowers because,uh in investing at least is because when,I was younger I could survive and I,could make do for myself I was very,stress-free really you know I had an,apartment I had a car I had a 95,Thunderbird it ran it was fine I had,everything I needed and it was very easy,to sustain my lifestyle and do what I,wanted to do I could travel I could do,everything,but I wasn't saving anything I wasn't,investing anything for the future,because it was just me and I was able to,kind of keep myself rolling so you know,when I when I had a family you know with,with my wife it was one thing because we,were still able just to kind of maintain,but it was really when I had my kids,that I started to think well listen I,need to start thinking about long term,because not only now am I thinking about,myself I'm thinking about others as well,and you know God willing they're going,to outlive Me by many years so you want,to leave something for them yeah and,even as a son or a brother you know now,that my parents are older you know,they've stopped working and so I,realized also that they are relying on,me to provide for them you know possibly,in their in their older years so it,really family is the thing that takes,you outside of yourself and makes you,think about something bigger than just,you and lunch and that trip that you,want to take to wherever,I think what you were referring to was,conditional happiness decided that I'll,be happy when X I'll be happy even when,we achieve this and what you fi

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Attorney Jeremy Hogan on SEC v. XRP and Deaton's Filing of SEC Dirty Laundry and Effect on the Case!

Attorney Jeremy Hogan on SEC v. XRP and Deaton's Filing of SEC Dirty Laundry and Effect on the Case!

what are crypto platforms and what makes,them similar or different to other,exchanges you might know,look there's no reason to treat the,crypto market differently just because a,different technology is used,that would be like saying drivers of,electric cars don't need seat belts,because they don't use gas that would,never fly,welcome back to legal briefs i kind of,really feel bad about that i mean i feel,like i can help him with his delivery if,he wants you know kind of open up his,body a little to be fair i look like,jiminy cricket see the resemblance,in any case there's many things i want,to talk about this week but most of all,in the ripple versus sec case there was,one big crazy filing in the case and,that came courtesy of attorney john,deaton and you really have to hear about,it not only was it the best brief so far,in the case but he filed something which,was just kind of a middle,finger to the sec and i quite enjoyed it,don't mess with marines so let's talk,about it and what it means to the case,let's get going gary we're good to rock,and roll,for some reason when chair gensler tries,to be relatable on video i have the urge,to go check on my children something,subconscious okay let's get into,attorney dean's response to the sec's,personal attack against him and the 60,some thousand xrp holders he represents,which we discussed last video i think,one of the reasons i like this response,brief so much is that deaton isn't,primarily a securities lawyer the,securities lawyers are always i think,cognizant that they will likely litigate,against the opposing lawyer again and,will likely be in front of the same,judge again so i think there is a,certain reserve that comes from that,whereas how can i say this,deaton doesn't give a sh,and i think partly because of this i,think the sec made a mistake made a,mistake in attacking him personally and,opened a door for him to say some things,and file some things they probably wish,they hadn't so let's take a look at that,and right out of the box deaton goes on,the offensive quote although the sec,laments amit kai's presence in this case,the sec itself is to blame because of,its unprecedented allegations indeed the,sec's xrp is a security per se theory,has been at the issue an issue from the,very beginning close quote why start,with this because the sec's motion was,really to prevent deaton and xrp holders,from being involved at all and so deaton,smartly throws it back on the sec and,says you are the reason we are here all,you have to do is change your lawsuit,and admit that xrp traded today by those,other than ripple is not a security and,we are out and the sec refuses to do so,it's a perfect and strong opening in my,opinion and why do i say the sec refuses,to do so because if it really wanted,deaton and the xrp holders out all it,would have to do is stipulate with them,that the lawsuit does not include,allegations that xrp is a security in,and of itself they could stipulate to,that but the sec won't stipulate to that,because that is exactly what they are,alleging so instead of admitting they,are 1 000 attacking xrp holders look at,the word games they played in their last,motion that they filed looking at,footnote 2 of the sec's motion to get,xrp holders out of the case,movements mischaracterize the sec's,claims as claims against xrp holders in,the secondary market but while sec act,section 5 requires ripple as the issuer,of xrp to register its offers and sales,for the benefit of actual or potential,investors,section 4 could exempt investors in the,market from registration this is so,misleading on multiple fronts first,notice that the sec says that section 4,could exempt investors from registration,but why do they say could because they,know this statement is not true if they,get the verdict they want i know this,personally because i've been told by sec,lawyers directly that my clients who,owned a digital asset could not trade,the digital assets because a court had,deemed them securities per se that was,spoken directly to me by the sec four,lawyers off the record of course so no,that is not truthful and that footnote,receives the legal briefs liar liar,pants on fire designation but going back,to deaton's response motion let's get to,paragraph five where attorney deaton,responds to the sec,sec's attacks against him because that's,where things get interesting now as you,may recall the sec went on to twitter,and youtube and unprofessionally in my,opinion attacked the attorney personally,hoping that the judge would be so,offended by his use of the a word or,other things here and there that she,would throw him out of the lawsuit,altogether well dean takes that personal,attack and in this brief throws it right,back at the sec and then some quote,nothing presented by the sec warrants a,reversal of this court's decision to,allow amakai's participation,truth the sec's personal attack is a,retaliation a retaliation over my,efforts demanding an investigation into,the massive conf

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Atty Jeremy Hogan on Judge Netburn's Recent Order, Crypto Regulation Turf War & the SEC's New LOW!

Atty Jeremy Hogan on Judge Netburn's Recent Order, Crypto Regulation Turf War & the SEC's New LOW!

mom remember when i was eight years old,and i told you i was sick so i didn't,have to go to school um which time so,this was the time that i told you i was,sick so i didn't have to go to school,but then later on the same day i told,you that i was feeling better because i,wanted to go to the birthday party i,remember that and then i took you to the,party and then you told me you were,lying again and you told me that you had,homework and had to go home exactly the,time i switched my story up three times,in the same day how did that make you,feel,um,pretty unhappy angry and kind of pissed,off exactly that's how i want you to,read the order the sec's hypocrisy in,arguing to the court on the one hand,that the speech is not relevant to the,market's understanding of how or whether,the sec will regulate cryptocurrency and,on the other hand that inman sought and,obtained legal advice from sec council,and drafting his speech,suggests that the sec is adopting its,litigation positions to further its,desired goal,and not,out of faithful allegiance to the law,hello and welcome back to legal briefs,it's been so long i forgot which finger,to point with and thank you mom for,chastising the sec like only a mother,could do quick family sharing my mother,went back to school in her 40s and,obtained her master's degree which just,goes to show you how amazing she is and,also that it's never too late for you to,change your life unless you're over 50,then it's too late,but speaking of late so much has,happened in the ripple versus sec case,and in crypto news that i barely know,where to start so i will start at the,beginning of where we left off and in 12,to 15 minutes maybe more you will know,everything that you need to know hang on,to your hats this will go fast test the,launch mode activated,so let's start at the first major order,in the case which is from about 10 days,ago and this is the ripple versus sec,case and it's about the ongoing hinman,email saga as you know for over a year,and a half now ripple has been seeking,discovery of the emails related to,hinman's 2018 speech and they have still,not received them i've never seen a,discreet discovery battle go on this,long,never judge netburn has ordered them to,produce the documents on numerous,occasions and the sec continues to file,objection after objection and the latest,objection was maybe just one objection,too far because as we've talked about in,like six videos now the sec continues to,change a story on whether hinman's,speech was his personal opinion and sec,opinion or more recently that it was his,division's opinion and listening to the,hearing on the sec's attorney client,privilege argument which i did i got a,sense that the judge has just about,heard enough i mean listen to this from,the hearing the judge quote i hate to,interrupt you but you just said,something that seems different to me you,said that the speech was given by,director hinman in his capacity as,director of corporate finance that seems,different to me than what you said a,year ago am i misremembering because,when we were discussing whether he,should be deposed as i recall there was,argument from the sec that what he said,really had no bearing on this litigation,because he wasn't speaking on behalf of,that division that he was really just,speaking at a private event and there,was a lot of attention focused on the,disclaimers but you just said just now,that he was speaking as director on,behalf of that division close quote now,keep in mind this judge is extremely,polite to the umpteenth percentage so,when she says i hate to interrupt you,she really doesn't hate it she has to,interrupt you because you are making a,mistake and when she says am i,misremembering she's really not asking,she knows exactly what you said what the,judge is doing is she is warning you,that you are making a mistake and she's,giving you an opportunity to fix it now,i cut this right away because i'm,married and have learned something,called warning cues and it was that,frustration and anger from the sec's,lack of logical candor to the court,which led to this the most scathing,rebuke of the sec to date by the court,and very uncharacteristic of this judge,quote the hypocrisy and arguing to the,court on the one hand that the speech is,not relevant to the market's,understanding of how or whether the sec,will regulate cryptocurrency and on the,other hand that hinman sought and,obtained legal advice from sec council,in drafting his speech,suggests that the sec is adopting its,litigation positions to further its,desired goal and not out of a faithful,allegiance to the law close quote now,when i first read the order it was like,as if i was watching a droopy cartoon,and he just turned to the camera and,just started yelling obscenities at it i,mean that wouldn't have surprised me as,much as this order did kids google,droopy video clips you'll understand and,finally of course after eight months of,dealing with this issue judge nedburn,concluded

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Attorney Jeremy Hogan Takes on Ten(!) Amicus Briefs Including John Deaton and 75k XRP Holders!

Attorney Jeremy Hogan Takes on Ten(!) Amicus Briefs Including John Deaton and 75k XRP Holders!

Jeremy I can't see you that's because,I'm still in my Halloween costume what,costume I'm dressed up as all the amicus,briefs filed in support of the SEC,welcome back to big old briefs Amicus,Edition and yes Amicus because Attorney,John Deaton and 75 000 xrp holders filed,their brief in opposition to the SEC and,it was fire we'll get to that but also a,big surprise brief was filed which we,will also get to the drinking game today,is drink every time I say Mikus good,luck with that so first what are amicus,briefs and why are they important and,why is it important that we now have 10,of these things filed in the Ripple,versus SEC case all against the SEC I,might add well believe it or not amicus,briefs began all the way back in the,days of the Roman Empire where people,not involved in the case but who would,be affected by the case were sometimes,asked by the court invited to come in,and talk with the judges and provide,their insight to the courts they became,known as friends of the court and that,in Latin is amicus kiriak here's an,amicus who forgot to follow the font,size rules from the court it was very,harsh back in the day in U.S courts the,rules for Amicus are codified in rule 29,of the federal rules of civil procedure,which basically lays out the specific,rules for them but in summary they are,generally allowed or not allowed at the,discretion of the judge with the only,guidance being that Amigas should bring,to the table something new something,that the parties themselves haven't or,can't raise and in the Ripple versus SEC,case we now have about eight nine ten,Amicus priests filed I lost count,they've all been coming in a flurry,recently all against the SEC at some,level the Chamber of digital Commerce,brief was fairly vanilla the blockchain,association they did a good job of,summarizing some of the key Ripple,arguments and late last night while I,slept the crypto Council for Innovation,which I had never heard of before filed,a brief which was very interesting as,well so interested blockchain,organizations are really coming out in,support of Ripple now but it's really,the company briefs that were most,interesting to me because they brought,out non-legal things that I think the,Judge should and would want to know look,at the latest exam sample from a company,called spend the bits looking right at,the first page quote spend the bits as a,company based out of Alberta Canada,founded by Jay combo spend the bits,designed in application to transfer,Bitcoin onto decentralized open source,blockchain technology of The xrp Ledger,without Ripple's knowledge consent or,assistance and later in the same,paragraph quote because xrp is the,native token of the xrpl spend the bits,utilizes xrp in the operation of the,application close quote so if I'm the,judge and I've kind of read the lawsuit,Ripple's reply and I'm just trying to,get my mind around what this case is,about this brief cues me in on a couple,of things very clearly first anyone can,use the xrp Ledger and xrp is kind of,like you're having a key to use it and,further Ripple can't even control who,even uses the xrp letter and that makes,it sound pretty decentralized more,similar to open source software maybe,the judge has heard of like the Firefox,browser from the 2000s maybe she even,used it back then and she might not,understand blockchain technology but she,knows that what this brief is describing,definitely does not sound like something,that is a security and then you have an,amicus brief coming at things from a,completely different angle here's the,brief from a company called irimit and,let's take a quick look at page one of,its brief quote one of the chief,mechanisms that I remit employees to,facilitate money transfers is the Ripple,net software product ripplenet developed,by defendant Ripple Labs Inc I'll allows,customers to clear and settle across,border Financial transactions in a,variety of ways one of those ways is,through software called on-demand,liquidity odl which uses a virtual,cryptocurrency called xrp xrp in turn,runs on The xrp Ledger and open source,technology not owned by Ripple that can,securely record international,transactions almost instantaneously so,here the Amicus is actually using xrp on,Ripple software so it's different than,the spend a bits brief but at the same,time look what the brief does to the,sec's contention that the principal,reason anyone would buy xrp is to Simply,speculate on the price let's look at the,bottom of page two quote I remit and,countless similar companies that use xrp,for cross-border funds transfer on a,daily basis are living proof iremit does,not use xrp to speculate on it nor does,it consider xrp to be an investment,whose inherent value is expected to,increase over time close quote there you,have a real life company talking about a,real life use for xrp you know not just,a lawyer talking blah blah blah blah,blah in a brief judges love this stuff,and just like that one of the sec's main,arguments is sunk,i

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XRP • John Deaton • Jeremy Hogan • Blockchain Backer

XRP • John Deaton • Jeremy Hogan • Blockchain Backer

welcome to on the chains,do it come on come on guys,um absolute pleasure to be up here on,this panel with you guys I don't have,any type of like prepared remarks or uh,anything like I thought you were gonna,tell them to get some charts uh guys,just speak the things that were in my,mind and what came to my mind as I was,watching and um,I'm sure you'd like to be asked,questions and stuff and and you know I,know that you guys probably do get told,you know thank you so much all the time,and maybe it's hard to like,let that resonate within you and and,maybe you both understand what I mean,within that like to like,I've been doing this for a long time,there's always at the end I say hey if,you ever need to pick me up or a little,bit of reassurance just remember that,the blockchain backers got your back and,people tell you thank you so much and,you read it on the screen and you see it,so much and and we're not at the end of,the case yet and so like I assume,there's part of you that's kind of like,holding,yeah you're like yeah thank you but you,know we haven't gotten there yet,um but John and the the finding that,you're doing on behalf of the xrp,community and the people involved is,that there's a lot of people who feel,victimized,um and you give the people the feeling,of Hope and and that is a powerful,feeling of having hope you know that's,why you know Barack Obama ran,specifically on the word hope it's,because it's so powerful to just have,some,um and it's uh thank you very much for,doing everything that you're doing and,we don't know how it's going to go and,you know have what the end is going to,be and all the effort that you're,putting into it and in the end um there,is,a massive appreciation of you giving,people that hope so thank you John thank,you appreciate it blockchain yeah man,um Jeremy,um,I haven't actually watched the entirety,of your last video that you did,um when I came on to Chip and Jeff's,Show recently they asked me what am I,binging on Netflix and um I actually did,watch the first few minutes of your last,um episode that you put out,um but I what I forgot to mention to you,chip and Jeff is that I am notorious for,binge watching shows and not watching,the last episode because like we all,want it to end oh if I watched the last,episode it's officially over otherwise I,can always sit there and wait for that,last show you know to happen,um and it's not over for me yet I still,know it's there for me to watch,um but Jeremy,um,you know like I just said that pick me,up with a little bit of reassurance and,you helped guide people in a very scary,and dark world that we just don't,understand what is going on,um and,it's hard to put into the words of,how appreciative people are I hope you,at some point get an opportunity to meet,multiple people in real life for them to,express that to you,um I went years having people type it on,a computer screen and me reading it on a,computer screen to to have that happen,and and but still staying humble within,myself because not feeling like the job,was done and then when some people,approached me in real life and they were,like very sincere about this in real,life it just was like wow really because,it just doesn't feel that real through,the computer screen for some reason but,when they're saying it to you in real,life,and,again that feeling of hope that feeling,of understanding you just,you don't realize Jeremy what you,provided to people with that it if you,get nothing out of this however this,goes there's this two-year moment of,your life Journey where there was a,massive group of people that you,helped feel better and just know that,that's special and not a lot of people,get that man and I'm super grateful for,you and I am I'm hoping,that you will eventually put out another,episode and I can watch that episode at,some point and and there's a lot of,other things in crypto that you could,cover that we would all just love,watching but it's like me man am I gonna,make videos about news I don't care,about news dude I want to look at you,know Wiggly lines and mathematical stuff,that's what I care about I have to cover,the news once in a while but you know,I'm like whatever man squiggly lines,dude,um and but hopefully you can find,something that you enjoy doing because,otherwise you're not gonna be good at it,but that's the part of it it seems like,you thoroughly enjoyed doing what you're,doing rambling at this point man I,didn't even asked you a question bro but,I know that people are feeling this way,because I see them type it to you all,the time I've seen that stuff type to me,and I know there's a part of um,humbleness that you guys both carry with,you and humility that you carry with you,because the job's not done yet and it's,hard to celebrate that,and we don't know how it's going to end,but when it does man gosh like,there's this big victory in your life,that you whatever law case you ever win,again in your life trust me it's just,when you go to heaven when you you

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