Even More on Ripple

hi everyone this is charles hoskinson broadcasting live from warm sunny colorado again on the same thing ripple ripple ripple so anyway this is one of those interesting cases i said as facts materialize i'll keep you guys informed so we heard about it from a tweet yesterday and then fortune and coindesk and wall street journal covered it and then today there was the counterfiling summary that rip provided and based upon that as i mentioned there was about an 80 chance the sec would pursue something so given that christmas is here and all this other stuff i thought for sure that nothing would come about that until at least a week or two a few hours after i made that video the sec announced the enforcement action against ripple and they dropped a 71-page document that they follow southern district of manhattan so it did take a little bit of time for me to kind of read through it and take a look at key facts materials i and it's definitely a very interesting very unique case it's not just against ripple but it's against two of the principles of ripple chris larson and brad garlinghouse the former ceo and founder and the current ceo and when i read through the entire document it blew my mind that it's not a 10 b5 case which would be securities fraud from what the what the sec is claiming so they request jury trial and it's very clear that this is a heavy-handed enforcement action this is not something that i think they're gonna want somebody to pay a fine the crux of the matter comes down to brad and chris according to the sec document about 1.