In this video, I discuss the monumental significance of the upcoming oral arguments between Coinbase and the SEC, presided over by Judge Fila. I emphasize that this case is perhaps the most significant event in the crypto world this year, given its potential impact on the industry. The focus is on the SEC's lack of legal standing in this matter, and I delve into specifics related to the upcoming arguments. Additionally, I analyze XRP's market reaction to being declared non-security and speculate on possible outcomes for altcoin charts, particularly ADA, if Coinbase prevails. This situation is especially critical as we approach the Bitcoin halving. I reference legal insights from Jeremy Hogan, a notable figure in crypto law, and review past cases, including one involving Uniswap, to underscore Judge Fila's understanding of crypto as commodities and the need for Congressional involvement in defining them. The video integrates technical chart analysis to hypothesize how ADA and other altcoins might react in various scenarios post-ruling.
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Intro 00:00
SEC has some issues 1:00
Uniswap case and ETH as security 1:40
XRP example for Cardano and altcoins 4:15
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
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