Published on: July 27th, 2021 • Duration: 53 minutes
Brad Mills, host of the Magic Internet Money Podcast, interviews seasoned attorneys Donna Redel, CEO and founder of Strategic 50, and Joe Carlasare, partner at SmithAmundsen LLC and co-chair of The Cryptocurrency, Blockchain and FinTech Group, to discuss the developing lawsuit against Ripple and what it means more broadly for crypto. Charged with conducting $1.3 billion worth of unregistered securities offerings, Ripple has been accused of operating much like a corrupt central bank as their executives are suspected of liquidating huge sums into XRP rallies, upwards of $400 million in some cases. But, will the SEC have legal grounds to classify XRP as a security, and what will it mean for the rest of the space? Redel and Carlasare walk viewers through all this and touch on the regulatory environment as a whole to give an idea of where regulation is headed. Filmed on July 20, 2021.