Transcript
Jeff (0:00)
Already. Welcome to on the chain where crypto politics and power collide. Tonight we're asking a serious question. Get ready for this one. Did Ripple just flip the switch on xrp? Because this pieces are starting to stack. You've got the euro con coin vertible or the EURCV just went live on the XRP ledger. Now this is an institutional grade euro pegged stablecoin not don't really know who's going to want that one. Ripple custody is powering institutional rails. RL USD just broke into the top 50 by market cap. That's right, that's RLUSD. Coinbase is now offering loans against you. Guess it, XRP. And 100 million XRP is generating yield through. Wait for it flare. Now that's not random.
Chip (0:54)
It's not just about price, about infrastructure. This is compliance. This is institutional grade access layer on top of open liquidity. The permission decks decentralized exchange. It's not replacing the XRP decentralized exchange. It's adding optimal or I should say optional gating for institutions that need regulatory controls. That's a very different narrative than what critics are pushing.
Jeff (1:18)
That's right, we know all those critics out there and the speculative hype, all the speculative hype. Meanwhile the geopolitical temperature, man, it's getting hot. Tell you what, there's massive Trump momentum in Florida. Marco Rubio, chip. I'll tell you what, I'm super, super enthused about Marco Rubio and he is dominating the headlines, man. He got a standing ovation over there and we'll talk about that. New York City budget chaos. I think they're in complete meltdown mode. We'll dig into that. California continuing to bleed companies. There's going to be nothing left. Nobody wants that. And they got sun. You know what? We got better sun. So they're coming here, they're coming to Texas. Well, text wealth tax rhetoric heating up again. Man, you should see what they did over in the Netherlands with the 36% on unrealized gains. Stupidity. When financial rails expand while political narratives or when financial. When financial rails expand while political narratives harden. Tell you what, that's not coincidence.
Chip (2:23)
So tonight we're going to break it all down. What is structural, what's hype? What's you know, whether or not XRP just moved into a different phase entirely. And interestingly enough, when Brad Garlinghouse was asked about flipping the switch, he said he'd love to. He just said there's a lot of switches to flip first.
Jeff (2:42)
I like that. Chip, you ready to roll I'm ready.
Chip (2:44)
Let's go. Welcome to on the Chain. Welcome, everybody. Looks like they're having a problem streaming to X. I'm seeing this little note inside here, Jeff. I don't know.
