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Raoul Pal: The Journey Man

The SEC and Ripple Want a Quick Answer to a Huge Question

Sep 20, 2022
38:31

Seeking clarity from a conflict that’s gripped the crypto space for too long, the U.S. Securities and Exchange Commission and Ripple have filed motions for summary judgment, both seeking an immediate ruling on whether Ripple violated securities laws with its XRP sales. At the top of today’s Real Vision Crypto Daily Briefing, Nico Brugge and Ash Bennington talk about the case and what rulings on the various motions before the judge would mean for the industry as a whole. Nico and Ash follow up with discussion of another regulatory bombshell: a bold claim by the SEC, buried in a run-of-the-mill suit filed by the regulator against a crypto influencer, that the U.S. has full jurisdiction over all Ethereum transactions. We also have updates on South Korea’s pursuit of Do Kwon and the U.K.’s issues with FTX. Finally, Nico and Ash explore thematic-first investing and how Lorin Gu and John "Omakase" Lo, asset managers at Recharge Capital, approach the concept.

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