Ripple, Trump & CFTC: The Next Big Crypto Shakeup!

Summary

Episode Summary: Ripple, Trump & CFTC: The Next Big Crypto Shakeup!

Podcast: On The Chain - Blockchain and Cryptocurrency News + Opinion
Hosts: Jeff & Chip
Release Date: February 8, 2025
Duration: Approximately 90 minutes

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Introduction

In this electrifying episode of On The Chain, hosts Jeff and Chip delve into the impending turbulence poised to reshape the cryptocurrency landscape. Centered around Ripple (XRP), former President Donald Trump’s influence, and the Commodity Futures Trading Commission (CFTC), the discussion promises to unravel the complexities of regulatory shifts and geopolitical maneuvers affecting digital assets.

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Key Discussion Points

1. Ripple (XRP) and Regulatory Developments

The episode kicks off with an exploration of Ripple’s current standing in the crypto ecosystem. Jeff and Chip highlight significant advancements, including the introduction of XRP Depository Receipts (XRP Dr.), which aim to bridge traditional finance (TradeFi) with decentralized finance (DeFi).

• XRP Depository Receipts:
  Jeff (03:37): “Ellie Terra says XRP Depository Receipts will soon be available for accredited investors, representing ownership without direct purchase through crypto exchanges.”

This innovation is seen as a pivotal move to integrate XRP more seamlessly into mainstream financial systems, offering investors exposure akin to ETFs.

2. Donald Trump’s Influence on Crypto and US Agencies

The hosts discuss Trump's recent executive actions impacting various US agencies, emphasizing the potential ripple effects on the cryptocurrency sector.

• Security Clearance Revocations:
  Chip (15:14): “Trump signed an executive order yesterday removing 46 security clearances from Biden. This sets a precedent, effectively stripping the current administration of key operational authority.”

This move is interpreted as part of a broader strategy to overhaul regulatory frameworks, potentially fostering a more crypto-friendly environment.

3. CFTC’s Crypto CEO Summit and Regulatory Frameworks

A significant portion of the discussion centers on the CFTC’s initiatives to engage with major cryptocurrency stakeholders.

• Crypto CEO Summit:
  Chip (34:20): “The CFTC is hosting a CEO summit with leaders from Circle, Coinbase, Crypto.com, and Ripple to discuss the agency's digital asset markets pilot program.”

• Stable Coins Regulation:
  Jeff (41:47): “New legislation aims to establish a regulatory framework for stablecoins, a much-anticipated move after years of uncertainty in the crypto community.”

• Regulatory Clarity:
  Chip (17:54): “Garlinghouse of Ripple emphasized that the collaborative effort between the Senate Banking Chair, House Financial Services Chair, and others is unprecedented and crucial for crypto clarity.”

These developments are portrayed as steps towards legitimizing digital assets and integrating them into the national reserve strategy.

4. Elon Musk’s Role and Public Perception

Elon Musk's influence on the crypto market, particularly Dogecoin (Doge), is scrutinized.

• Impact of Musk’s Actions:
  Jeff (10:06): “Musk's investment in Doge and his public endorsements are seen as double-edged swords, bolstering some assets while undermining others like XRP.”

• Musk's Security Clearance:
  Chip (16:05): “Elon Musk now holds security clearance, enabling him to influence crypto funding and strategic decisions more directly.”

5. Federal Reserve and IRS Reforms

The conversation shifts to broader fiscal reforms under the Trump administration.

• Federal Reserve Audits:
  Chip (04:01): “Expect the Federal Reserve to undergo audits soon, revealing hidden financial practices and slush fund allocations.”

• IRS Abolition Speculation:
  Chip (15:15): “Trump's administration is pushing towards abolishing the IRS, which would revolutionize tax processes and potentially reduce governmental financial oversight.”

These reforms are depicted as efforts to curtail governmental overreach and promote financial autonomy within the crypto sector.

6. Strategic Reserve and XRP’s Potential Role

A visionary segment where the hosts speculate on XRP’s integration into the US Digital Asset Strategic Reserve.

• XRP as a Strategic Asset:
  Jeff (52:13): “If the US government chooses to hold XRP in reserve, it could serve as a hedge against future geopolitical contingencies, similar to how gold or oil is utilized.”

• Government’s Perspective vs. Crypto Community:
  Chip (53:32): “There may be motivations beyond decentralization for government adoption of XRP, highlighting a strategic utilization of digital assets.”

This section underscores the potential for XRP to gain substantial institutional backing, positioning it as a cornerstone in national financial strategy.

7. Critique of Mainstream Crypto Narratives

Jeff and Chip critique prevalent narratives within the crypto community and mainstream media, emphasizing misinformation and lack of geopolitical understanding.

• Misinformation Campaigns:
  Jeff (17:56): “Mainstream crypto YouTube channels often lack geopolitical insights, spreading rumors and FOMO-driven content instead.”

• True vs. Fiction in Crypto Reporting:
  Jeff (19:42): “Our community focuses on connecting factual dots, distinguishing real developments from fictional narratives propagated by parody channels presenting as news.”

8. Future Outlook and Anticipated Shakeups

The hosts conclude with an optimistic yet vigilant outlook on the evolving crypto landscape.

• Awaiting Major Changes:
  Jeff (69:47): “We’re just getting started. The direction we’re moving in is unprecedented, akin to one of Elon Musk's rocket launches.”

• Global Implications:
  Chip (72:10): “A sovereign, blockchain-based currency could revolutionize financial systems worldwide, offering unparalleled autonomy and resilience.”

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Notable Quotes

• Jeff (03:37): “XRP Depository Receipts represent ownership without direct purchase through crypto exchanges.”

• Chip (16:05): “Elon Musk now holds security clearance, enabling him to influence crypto funding and strategic decisions more directly.”

• Jeff (52:13): “If the US government chooses to hold XRP in reserve, it could serve as a hedge against future geopolitical contingencies, similar to how gold or oil is utilized.”

• Chip (19:42): “Our community focuses on connecting factual dots, distinguishing real developments from fictional narratives propagated by parody channels presenting as news.”

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Conclusion

In this episode, Jeff and Chip meticulously dissect the intersecting forces of regulatory bodies, political maneuvers, and corporate influences shaping the future of cryptocurrency, with a particular emphasis on Ripple (XRP). They advocate for a strategic integration of digital assets into national reserves, touting the potential for XRP to play a pivotal role. Simultaneously, they critique the misinformation prevalent in mainstream crypto narratives, positioning their community as a bastion of factual and geopolitical insight.

As the regulatory landscape evolves with the CFTC’s proactive engagements and possible reforms under the Trump administration, the hosts remain optimistic about the transformative potential of cryptocurrencies. They underscore the importance of strategic foresight and community-driven advocacy to navigate and influence the impending changes in the digital asset ecosystem.

For those looking to stay ahead in the crypto space, this episode offers a comprehensive analysis of the forces at play, punctuated with actionable insights and a clarion call for informed participation in the shaping of the industry's future.

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Stay tuned for more in-depth discussions and updates on the ever-evolving world of blockchain and cryptocurrency on future episodes of On The Chain.

Transcript

[Jeff]

Let me know. Welcome to on the Chain. This is Jeff here with co host Chip. What is going on? Chip, what's going on? Everybody out there in the crypto on the Chain world tell you what's going on. Ripple, Trump, the cftc. The next big crypto shake up is in route inbound and we're going to talk about it.

[Chip]

We're going to talk about it. It's exciting. It's exciting on a lot of levels, people. Come on, let's get excited. Can we get excited? Lots of levels. Ready to do this?

[Jeff]

Let's go do this.

[Chip]

Let's roll. Welcome to on the Chain. Okay, everybody dropping where you're coming in from? Where are you coming in from? What part of the world, what part of the universe are you coming in from? What planet are you like, it's hot. What planet are you on? Are you on a planet? I don't know. I'm on planet Win. I've been living on planet. We've been living on planet winning for the last two and a half weeks. There's so much winning on a daily basis that I can't keep up with all the winning. And just when I thought I saw the winning for the day someone will send me something, I'm like, I did not see that winning. So it's super exciting a lot of ways. So much to. So much to get excited about. I mean, there's, you know, there's still things that aren't perfect, but my gosh, two and a half weeks of pure winning. It's fantastic.

[Jeff]

It is fantastic.

[Chip]

Jacked up. All right. I love that, Mike. Beautiful, beautiful coffee.

[Jeff]

That's how we roll.

[Chip]

Beautiful. Yeah.

[Jeff]

Speaking of which, Mike, which one is your favorite? That's what I'd like to.

[Chip]

Yeah, put your favorite one in there. Yeah, that's what we want to know. That's what we. Everyone wants to know that what is the favorite.

[Jeff]

Everybody wants to know.

[Chip]

They want to know what is the nyc.

[Jeff]

Sue's here. Look at that. New Orleans.

[Chip]

Nowlins going to the Super Bowl. I'm not even watching it. I don't care. I was on a call with, with some, with the, with the, with the company that I work with out of Detroit. And I'm like, well, sorry, I thought, I thought it'd be the Lions, the Bills. So do you care? And they're like, we don't like when, when the season ended for the Lions, football ended, I was like, yeah, that.

[Jeff]

Was pretty much it. That was the end.

[Chip]

I don't care about the Eagles. I don't really care about the Chiefs, you know, good for the Eagles. I hope they get some monstrous bad calls against them. We'll see what happens. Like, if you said the Chiefs won, I would care. If you told me the Eagles won, I don't care. I just don't. I don't know. It's just. Just one of those. I just. I could care less. Not. Not all that interested in it. But, Jeff, you know, since we're talking about the bad as Yeti's coffee, look at this right here. That's why we're asking, because we have the Obsidian Bold. This is an Italian dark roast. We've got our Noir Symphony, which is a. It's also a dark roast. And then we've got the mountain mist, more of like a medium. Medium to, like, dark. It's a little bit lighter and stuff. Then there's the brood awakening. Get it? Brood awakening. So we got the brood awakening badass yetis. And this is. This one here is more of a breakfast blend. So it is a little bit lighter, you know, in. In nature. So the Bold flavor, that should cover them all. That's right. They're all pretty. They are pretty. All pretty good. You know, I think we probably. I kind of oscillate between Noir Symphony and. And. And obsidian.

[Jeff]

Yeah, me too.

[Chip]

Yeah. It's nice to switch off them. I'm drinking the obsidian today because it's just like. To me, I like that punch in the morning, especially the Italian dark roast. Man, it's so good. Mr. H, very good to see you today. Very good to see you. Thank you for stopping by. Let's continue.

[Jeff]

You see commitment chip. People that tune in at night from Europe and then people that should tune in in the morning from the West Coast.

[Chip]

This is. This is one of incredible, you know, the on the chain family is just an incredible, you know, family this, to say the least. And Thomas Brandon. There you go.

[Jeff]

Wow, thanks for that.

[Chip]

Pray Ingrid's no taxes and American crypto.

[Jeff]

Right?

[Chip]

Yeah, right, right. No taxes. Yeah. Well, that's what we're hoping for. Well, I don't think a lot of people realize what's happening. I mean, you could see it unfold. Funny thing is, Jeff and I were talking about this six months ago, but the fact is, is that we always talk about the Federal Reserve and the Federal Reserve. You'll see them come up on an audit pretty soon. Right? You want to think about the nefarious things that were going on with usaid. But if you do look at it, it looks like US aid us. It's an acronym that spells you. I don't even know what it stands for, but it looks like usaid. Apparently all these slush funds and payments were going here, they were going there, they're bounced all over the place. And they were ending up in. They were really Democrat slush funds, a lot of it. So they're funding Politico, they're funding the New York Times, they're funding the AP, they're buying 700,000 subscriptions in Disney. Like, what is that all about, Jeff? That's bizarre. Right? And they're upset with Elon Musk because how dare he shine a bright light on the wasteful spending. And so if you can cut trillions out of the budget and you can have tariffs, and then can you imagine the euphoria that people go like, they don't have to deal with the IRS anymore because that agency's gone. 90,000 people gone. Actually, more than that. They hired 80,000 people. And they said it was, oh, to go after the, to go after the, the rich people, Jeff. But no, it's to go after you and me and everybody else. And when the, when the 1913, when the federal Reserve came into play and also the irs, it was like, no, we're only going to tax the rich. It's only gonna. It's out. The conversation always starts the same. It's only the rich, they got to pay their fair share. So over 100 years ago, it was like, the rich people have to pay. Don't worry, you plebs. You're going to be fine. And of course, that didn't work out.

[Jeff]

The way it did not. Chad said it's the United States Agency for International Development. I think it's unbelievable. Spending always increasing debt.

[Chip]

Yeah, it's. But it's funny that they. You some. It just looks like U.S. aid. Right. And that's what it was meant to be. An acronym that talks about U S. Aiding other companies. Trump, first thing he did was he did 12. Wow. 12:15am beautiful in Australia. Yeah.

[Jeff]

The other side of the coin.

[Chip]

Right? That's it. Like, you know, it's usually morning when we're on during the week, but then on this it's a late night Saturday. But at least it's Saturday, right? Or at least it's. What's Monday? Sunday morning? Actually, it's.

[Jeff]

It's crazy how much money has been in the slush fund that has been buried. And now we're seeing the Department of Education. They're going after that. Right. So Doge is over at. At Department of Education, the crazies came out. Maxine Waters, who, as we know, infamously buried the Token Taxonomy act when she was the chair of the Financial Services Committee. She's. She was out in full 100 crazy mode. And, and, you know, thank God for the one security guard that blocked them from entering. They tried to break in and try to get violent. The congressional representatives. The reason is because as you dismantle the Department of Education and they're not shutting it down yet, but they are opening the books. Once you start opening the books to the Department of Education and you start finding all the nefarious programs and the money and the money trail and how much money probably gets kicked back to those exact politicians that actually showed up. And so that's something that we want to be very cognizant of because as you're looking for fraud and, and this, I think, let me put this up. Elon Musk posted this and I think this really succinctly shows it. Let me share my screen real quick. Because this, this is the epicenter. And the ones that are the most outspoken, Chip, which I think we've seen now for the past four years, they're the ones. If we look at this. Look at that. When you're finding fraud and someone else. Stop. That's who's doing the fraud. Elon Musk. It's just spot on. He's just on them.

[Chip]

Yeah, that's so. And it's so. Great amount of trolling. So there's Tony. This is my Bill's buddy from Australia. It was. I tell the story of like my other buddy, crypto buddy, who's from Buffalo, and I grew up there and we talked a little bit about. He goes, dude, are you wearing your Bills gear? I'm like, dude, I'm in Australia and there's. Why would I wear Bills gear? Five minutes later, I bump into Tony and it's like, he's like. I'm like, he. He asked me if I was in American football. I'm like a Bills fan. He goes, I'm a long time Bills fan. He told me the whole history. I was like, wait a minute, am I being, am I being punked here? What's going on? But it's 12:20am Here. Like you, Chip, not interested in the Super Bowl. I took Monday off work watching it with the family. Red, white and blue, ready to go. But now what? Go Eagles or is it go? I think you probably Chiefs there. I don't know. I mean, honestly, it's just. It's just. I don't care. And, you know, the, the halftime, Even the halftime, if you weren't even into football, you would want to watch the halftime and the halftime. I don't even. I don't care. I really don't care anymore. Like, there's like. I was watching Prince. Prince played, I think was the 2007 Super Bowl. It was such an epic performance. I watched Paul McCartney, I watched the who, I watched all these epic bands put on. Then you get these. Nowadays they're twerking and doing, and I don't even know what the hell they're talking about half the time. They're just up there. It's not even entertaining anymore. Like, you don't have to be into the music, but it's not even entertaining anymore. I don't even know. Yep, adjusting, of course, it's for Justin. Let's go Kansas City. I will say that for Justin because Justin's awesome.

[Jeff]

Justin, let's go.

[Chip]

And listen, if you can 3peat, you will do something. It's never been done before, man. And the Chiefs, look, the Chiefs know how to win, dude. That's it.

[Jeff]

No, that's it.

[Chip]

I mean, I can. I can complain about bad calls all day because there were some pretty bad calls, but at the end of the day, the Chiefs know how to win. They're well coached and they. They know how to win. So let's see.

[Jeff]

That's how the Philly mayor spells.

[Chip]

Oh, that's right. That's right. That's right. Yeah. E, L, G, E. I remember that. That was funny.

[Jeff]

The only reason to watch the super bowl on Sunday is going to be because elon Musk spent $40 million of his own money to put up five commercials.

[Chip]

Oh, did he?

[Jeff]

On the impact of Doge.

[Chip]

Oh, this is fantastic.

[Jeff]

It's all about Doge. But he paid for them. You know, with all these Democrats running around saying he's somehow trying to swindle a way to make money off this whole thing. When this guy spent $44 billion on X, you know, buying Twitter to save free speech, you know, is out there on the front lines throwing, you know, shooting rockets up electric vehicles. He put every dollar he had on the line, you know, to build out these. These companies, and here he is now sacrificing more of his time to do. To help, right. You know, stem the, the. The bleeding of. Of money to the corrupted agencies or. And through the corrupted agencies. And who comes out to try to stop him? Obviously, again, those who are trying to benefit from it the most, you know.

[Chip]

So the last thing I want to say about football here, I know you're a Kansas boy at heart. I get that. But, man, I went through four super bowl losses. I give zero Fs, okay? I grew up in Buffalo. I gave four. Here we go. Here comes the rat. I don't care, dude. And when I see the kind of nastiness that happened. Oh, over the line. Oh, no, that wasn't a first down. Okay, let's do a fourth down. Oh, that wasn't a first down. When I see that stuff happen. And if you saw the replay of that game where there were. There wasn't one bad call. There were 11 documented bad calls. On a run back, there were four illegal blocks. Okay? I mean, there. This is. This stuff's got to stop. When we have the technology in tennis to know where the ball is at all times and we know where we can see, why are we still pretending that we don't know? And then we got the commissioner saying, well, it's an oblong shape and everything else. Listen, man, we have technology that can do it. We don't need refs talking about the outcome and playing a part in the outcome of the game. Oh, that's past interference. Oh, this is. It's getting ridiculous. Oh, there was a flag thrown. Oh, no, he did. He dropped it. Oh, pick the flag back up. These are the kind of things that drive me insane. Right? And it's got to stop. We can't have. We can't have this kind of stuff going on, you know, in. In football. So it's got to be. Let's. Let's use technology. I mean, you know, I. I get that you're a fan, but, man, four years in a row, not going to a Super Bowl. Not happy about it. So, I mean, I'm not going to cheer against the Chiefs, but I don't care who wins, and I don't care about football. All I care about is the Bills winning a Super Bowl. That's it. It's pretty simple. And Josh Allen did win the mvp. He. He got all of the digs left this year. He had no receivers. They brought guys in. This is a guy that. That is. You know, meanwhile, you had, you know, you got guys like Kelsey, people that have been strongholds. But you know what? It's running out on you, Justin. Better get the super bowl this year because it's. Because things are going to be changing. You got free agencies going to change the game. Mahomes is getting older, so, you know, you got that window. I would get the three peat, do something that's never been done before. And that's my rant for today, Jeff. That is getting ready for the CHIP ram. My chip ramp's not even on crypto this time, Jeff. All right, all right, all right. It's all right, man. That's all I'm gonna say. It's. It's a depressing, depressing week for me. I mean, I was glad Josh Allen got the mvp, but nobody wants an mvp, but next year he'll be hoisting the MVP for a Super bowl win. It's gonna happen, man.

[Jeff]

Chip hijacked the show. It's now a football show. Welcome to on the Chain. We talk football.

[Chip]

Hang on a second, Jeff. No, that's it. We're done with the football conversation. Nobody cares about American football anyway. Let's talk about this.

[Jeff]

Except we can talk about all types of football, to be fair.

[Chip]

And Matt. And that's about it.

[Jeff]

Super bowl season, we talk about American football, then we can talk about the Premier League, and we can go across the world. Let's talk about football. How confusing would that be, right? On this show, we talk about football, and then we'll be talking about American football, an international football, you know, international football. And people have no idea what we're talking about at any moment.

[Chip]

Jeff, you know that. You know that the. You had talked about Maxine Waters showing up at the usaid, trying to break in. We're gonna go. We gotta come in. I mean, I don't know what they're gonna do. It's just all showboating. And the one security guard to stand there didn't say anything. No facial expressions. Well, somebody doctored that. You know, the Ben Affleck meme where he stands outside. So somebody. Somebody put him in there. And look at this. How funny this is. Come on, hold your face up.

[Jeff]

Look at him. Oh, yeah, let him see you.

[Chip]

This is him.

[C]

Look at it. What's your name?

[Chip]

Tell us your name.

[Jeff]

Give me that idea again.

[Chip]

This is so funny that somebody, the doctor, this with the Ben Affleck meme, you know, he's. Come on, hold your face up.

[Jeff]

Look at him. Let him see you.

[Chip]

This is him. Look at him.

[Jeff]

What's your name? Do you remember she called evil person. The guy that was doing it. He's doing his job, you know, and he was doing such a great job, just saying, look, you can't come in. You don't have. You're not. You can't come in here.

[Chip]

You don't have clearance for this.

[Jeff]

You don't have clearance. You're not walking in the store. The greatest thing is that Elon Musk now has security clearance. Trump signed an executive order yesterday removing 46 security clearance from, from Biden. So Biden no longer has any security clearance. And Trump said, well, he set the precedent. He said he removed number 45 security keys. Go number 45 me. He said he removed basically his security clearance back in 21. So he said, you know what you want to play done the 50 plus that, you know, hid the Hunter Biden laptop. No more security clearance. These guys want to play the game, they're going to play the game. And it's amazing what's happened over the past three weeks.

[Chip]

Phenomenal. F around. Find out, baby.

[Jeff]

Greatest, greatest thing ever. And now we're starting to see crypto legislation starting to hit. These guys are taking things and bringing it, you know, they're, they're talking about, you know, how, just how epic things are going to be across the board.

[Chip]

Right.

[Jeff]

And so everyone's coming out. It's going to be, it's going to be amazing what we're going to see over the next couple weeks.

[Chip]

And David Sachs, who's the cryptos are an AI czar who was, you know, pointed. Right? So you have. He said he was honored to appear with Senator Tim Scott French Hill, John Boozman, the banking GOP discuss how the Trump administration and Congress work together to support digital assets that President Trump directing, you know, directed in his week one in his executive order. And then you had Garlinghouse chimed in on this. He said any criticism of today's press conference conference. Absolutely missing the forest for the trees. Having a chair of the Senate Banking, the chair of House Financial Services, the chair of the Senate Agriculture and the chair of the House Ag joined the crypto czar to commit to passing legislation for crypto clarity. 100% big deal and something we have never seen before. He says we haven't seen before. But this has never happened. And, and I think what I think there was a lot of focus around stable coins, which we're going to see. That's the first legislation, I think for the crypto community we've been waiting for, God, 10, 12 years for, you know, stable coins came later. Crypto was the first thing. But if you think about it ties into what Trump wants for the USD and the dominance and coming back to be the world reserve, you know, currency. Because you had, you notice you don't hear much stories about bricks anymore. Jeff, do you notice that? Jeez, we haven't seen one story about bricks in two and A half weeks. Isn't that funny? Who predicted that, Jeff? Who predicted that? Go ahead, get your finger out. Who predicted it?

[Jeff]

We did.

[Chip]

Hell yeah, we did.

[Jeff]

The crypto YouTube fanboys that kept saying how great Bricks was and how it was going to displace the U.S. nobody understood it. Nobody gets it. You know, it's amazing to me, you know, except for people here on the chain, everybody in the, on the chain chat, they get it, they understand it, you know, and that's why we all talk about it here. But all these other shows on YouTube, you know, it's amazing to me how they just lack any kind of geopolitic knowledge and they can't connect the dots. But they, they love, you know, the FOMO, you know, spreading rumors. I saw Sean McBride was talking about, you know, the insiders. If he says if he sees one more, you know, message coming out from the insiders, you know, he's gonna, he's gonna out them. And, and someone said, why don't you just do it? And he said, well, if you didn't know them, you know, he's giving him a chance not to keep, you know, doing stuff like that. That was a post, I think it was from yesterday, you know, but it's like, it gets to be too much, you know, these, these people, it's like, hey, you want to make YouTube called a parody channel? You know, then, then if it's parody, it's like, here we're an opinion channel, we talk our opinion. It just happens that a lot of what we talk about, we're connecting a lot of dots from fact versus fiction. And there's too many people out there that are, are fiction channels and they, they need to narrate themselves as fiction, you know, but they hype people up as though they know what they're talking about. And it's such a travesty, Chip. I mean, it's the same thing on like general media, you know. But I look at how many followers people have on these channels. Hey, it's fun, you know, you want to watch, follow. What's the one that we like the parody news that we, that we always.

[Chip]

The Babylon B. The B number, right?

[Jeff]

So like the Babylon B, you know, when you're reading it, hey, it's parody, it's funny, it's great, and we'll keep reading it, you know, but if you took that and promoted that, like that was your factual opinion and he had followers being like, oh my God, did you see that? Latest news on xrp. Can you believe it's going to be bought out by, you know, I'm just like, seriously, this is, this is how things are unfolding. Are people really, you know, following this type of stuff? I mean, I get it. You know, you, you got a sort fact from fiction. You got to have fun. You know, we love having fun. We love joking around about stuff. But at the same time, you got to be able to analyze stuff the right way, you know, and that, that to me is, is really critical and that's where we're going right now. And Chip, I think both you and I kind of predicted the direction that we're moving in, you know, which is, which is be great. Can't foresee everything.

[Chip]

I didn't see.

[Jeff]

I didn't foresee Trump talking about the US Acquiring Gaza. But when you look at strategically what he's doing, it made so much sense to say what he, what he did. You can't go back to the way things were. You can't have a terrorist entity occupying territory and pretending to be a government. Get rid of it, wipe it clean. And, and you've got real estate that's so valuable when you bring all the Arab nations together, unless you have the Abraham Accords over there. Now you're going to have a functional diplomatic economic ecosystem, you know, and, and that's what he's talking about. And he's going to get all the parties on board with it. It's amazing.

[Chip]

But the way you do it is you go, tariffs are going to affect for Mexico. They're going to be start at 25, they're going to ramp to 50 and 100%. So here's two ways of doing things. You say, like, they're going to ramp up. Now that's one way to do it. The other way is like hold a press conference and say, I would like to talk to our friends Canada and Mexico for a minute and I would really like your help in securing the border so fentanyl doesn't come across and kill hundreds, if not thousands of Americans, Canadians and Mexicans. Can I count on your support? This is how the old guard does it, the way the negotiator does it. Comes in, pushes people away. Like I think of that G20 summit when he came in, pushes everybody out of the way, fixes his tie, gets right up front and center, right? Big baller gets up there and says, and he goes like, tariffs are going in. Border plan to close it off, right? And both folded on the same day. It was supposed to go in effect On Tuesday, Monday, first Mexico came with a plan 10,000 people going to the border. Then with his 1.2 billion dollar plan to go in front and this is win for everybody. We want to win for all for North America. Right? Right now there's, that's two strategies. And the same way with the Gaza strategy. Same thing I said is that this is a, this is how you get it. If you go, the US has taken over Gaza. We're going to redevelop it and we're going to figure it out. This guy has it right here. So Trump threatened turn Gaza and casino. Lindsey Graham and Mark Kelly lose their minds. 24 hours later, each Jordan are falling over themselves to rebuild it. And that's how it's done, kids.

[Jeff]

That's exactly right. That's so he put it. I love this, this tweet because or exposed it just everything summarized perfectly and that's what Trump said. It's, it's like when you're working, you know, you're, you're handling kids. It's like, listen. And I think that was on one of the shows they're talking about like know, two siblings fighting over the remote. And then, you know, they're fighting, I want the remote, I want the remote. And then the parent comes in, says, you know what, I'm taking the remote. Neither one of you get the remote. Then that's it. And then who's the bad guy, right? Then the kids start working together because now the parent's the bad guy, right? They're like, oh no, wait, we'll figure this out, you know, and so it's the same thing. He's treating them like little kids because that's, that's kind of around the world. You know, all these leaders are so, you know, know, elitist and entitled in terms of what they're doing. And they think they can stick to the old way of doing things where nothing ever gets done. Speed and efficiency. Get it done, you know, and move on. It'll be amazing.

[Chip]

Ray, you're missing the point here. This, that's, that was never what that was about taking over Greenland. We're take, we're going to buy Greenland tomorrow. We're going to buy it, right? So the world loses its mind. Everybody flips off. But you know what happened? A little comp country called Denmark that's in the EU was all of a sudden out of, out of. They're, they're, they're in control of Greenland. Denmark was in control of Greenland. So Denmark here gets a little notice from Greenland. It says, you know what? We want to be independent. We want to make our own choices. Next thing you know, there's Don Jr. On a plane ride over there, spends the whole day there, right? Because we don't, you know, much like Puerto Rico, the, that uses USD and, And isn't part of the United States, but it gets a lot of benefits. United States, Greenland could turn on the same type of thing, Jeff. I mean, it could be something very similar to that. And the best way to do this is what he did, the bold statement. So if you don't, I would. I. I tell everybody. You want to understand Trump, go back, do some research. Go Back to his 1988 book, the Art of the Deal. Art of the Deal. He tells you right up how to, how to. How to negotiate, you know, what points you need to. If you got five things, there's three that you want to land on, you can concede to. It's really phenomenal. Danish, Tom. Well, good. He's Danish. So how do you feel about the Greenland thing? I'm like, what is. You know, how do you feel about that? I mean, the whole thing is. It's like, it's bold. It is a strategic location. There is. It is super rich. It's a small country, but again, let the country choose if they want to be independent and choose for themselves. I think the, I think what Trump was trying to do is get the EU out of it. The European Union is a disaster. I see that dying in the next three to four years. That's done.

[Jeff]

It's done. It's been done. The, the eu, the whole way they brought it together was done. The day they put it together, I forecasted that I was in high school, I was a senior in high school when that was all coming together. And, and I remember sitting there with a couple friends of mine and we talked about it, right? This is how long ago I've been thinking about stuff like this. And we were hashing it out amongst ourselves, the three of us, and, and I said, there's no way it's gonna, it's gonna succeed. Here's all the failure points of the eu, right? And what happens, you know, forecast forward the economic hardships. Countries like Greece suffered exponentially. Countries like Germany carried the, the financial load. England came in, wouldn't give up, sovereignty of their currency, all these different factors. And we, as a high school kid, yo, we forecasted this, you know, and I'm like, this is. This is crazy. You know, when we, when we look at something like this, it's like, why, why is it obvious when we look at it kind of Externally. And then when you study these things, you know, and, and you start breaking them apart and you realize that most of the politicians that are out there, most of the media, you know, have no concept of what they're talking about. That's, that's the bottom line. You know, we have to really. And then they're the ones that are in charge, these politicians. And so that's why we get to where we're, we're at, because they don't even spend the time to try to figure things out or understand the dynamics of it, you know, but then they're in charge. They're ones dictating outcome, unfortunately. And we got to change that. You know, thank God we're changing that in cryptocurrency. Why is everyone here chip for crypto? Because they want to change it. You know, people don't want the status quo. They don't want to keep going down this path of being taxed to death. They want, they want a path towards self sufficiency. All over the world on a global scale, people see D5 as a method of freedom. So if you can see it as a way of freedom, it's true. Let's get there. Let's get some, you know, commonalities on the books on a global scale. Let's get rules of the road of how things are going to operate and function and then the sky's the limit. Had we gone the other path, chip with it, all the fanboys that we're talking about, how the other, you know, side under what's her name, that was running, you know that, and she was running against Trump. Oh yeah, they're gonna pivot, they're gonna come around. No, they wouldn't have. You think we would have been where we're at right now. You think the cft, there's possible way. There would be zero chance the US would take any kind of leadership. They'd keep kicking the can down the road, they'd keep dragging it out, be more painful for everyone. They find more ways of corruption to steal money from the people and they find more ways to tax you to death. Because that's what they said, that's what they kept saying. Why, why won't people believe and trust in what the other side says when they say they're going to keep doing all this crazy stuff, Believe them, because that's what they're doing right to your face, you know, so now, thank God, you know, we're flipping the narrative back to normal. You know, it's like where someone flipped the switch in 2020 said, you know what, this is going to be funny. We're going to make things abnormal for the next few years, right? And then, thank God, this year, you know, 20, 24, 25, the switch is being flipped. Not just back to normal, but highly productive normalcy. Let's focus on success. Put all the noise behind us. Forget about focusing on the noise, the negativity. All the garbage politicians and the media wants you to live in squalor and negativity. The more you're in negativity, the less productive you are. As soon as you let go of the shackles of negativity and you only think on positive, your whole life changes, your whole world changes. Success and positivity, that's the focus we have to have. And it's hard, it's so hard to get rid of the negativity because it's around you. Everywhere you look, there's people that are, that have their talons into your body trying to pull you back into their, into their misery. And we don't want to be in their misery. Forget them. That's what Maxine Waters. Those people standing at the door of the Department of Education, that was, you know, those guys, they're the, that's purgatory. They're the ones, they're the negative Nancy's over there that are trying to pull everyone back into their negativity and they don't want you to succeed. That was a perfect imagery, you know, when I saw her there, like, these people are just evil. That's it, Chip.

[Chip]

Yeah, I like that. Good man. Jeff was a good one. You know, guys, just. Everybody take a moment right now and hit the thumbs up. Mike is right. Hit the thumbs up. We always forget. I'm always on. I watch videos all the time and I always forget to like it or whatever. I go, that was a cool video. But I always, I do that myself. Nick saying here too. This is a good one here. Nick saying that. Why isn't this going on, Jeff? I don't know what the. There we go. Hugo tweeted out 134 billion in XRP unlocked on flare. Soon he's more bullish on flare than in the past. Yeah, I think there's, there's so much good stuff happening, you know, and I got some other, some other posts about that let's get into. But Jeff, it's always to your point. It's always been about we the people and every. What we're finding out with USA Aid. Everything was funded. Like every time I see a mass shooting it's always weird how they got the legislation dropped the next day to go fight against taking away your guns. I'm like, geez, is that every single time a new gun legislation is dropping right after an avantis. That couldn't be false flags or anything. What I find out is that people around the world and people and humans are way more advanced than, than governments want to give them credit for. Right. And so it's always been about we the people. And what we're finding out is that the left thinking and the control. That's the whole reason they don't want, they don't want decentralization. It's the whole reason they want to be live over your lives. That whole part of it is it's a minority. And what we're finding out in the US was it was all funded. These companies, these media outlets can't make it on their own. These, you know, peddling all this nastiness that Disney was peddling to kids. I don't care if you're an adult, you want to do that stuff but, but all this wokeness and, and, and, and weirdness, the kids, now leave the kids out of it. You want to be 18 years old, you're old enough to figure out your whole life and do what you want. I don't care about that. I'm not gonna censor that. But you know, we got to have some decorum in this country. But it just gets ridiculous.

[Jeff]

Right? Decorum on the second Amendment. Thank God.

[Chip]

Yeah. And the whole thing is like, you know what the second Amendment says shall not be infringed. Great. Doesn't say anything about I have to have a permit. Doesn't say anything about I have to have a chef's. I see Jeff Coffin there. It's not, it's not a rantime. There's nothing in there that says I need to get special permission. Some states you have to go through the ringer and they're going to decide if you are able to carry. No, it's, it's, it's the second Amendment. Everybody has the freedom to carry now whether you want to open carry or not. Like in, in, in Texas. Yeah. You can walk with an AR15 strapped on your back. You can walk in to a, to a place, walk around town. You can do it in Florida if you're, if you're apparently fishing, going fishing. So you, that's the only time you can do it. Look at this. US Regulator pursuing tokenization Pilot to tap stable coins as collateral Caroline fam Commodities Futures Trading Commission Chief Tapped by Donald Trump hosting a CEO summit. It's one of her long standing policy aims. Here we have Ellie Terra talking about the CFTC planning to hold the CO forum. It's going to be, it's going to discuss the launch of the agency's digital asset markets pilot program for tokenized non cash collateral such as stable coins. This is the stories that I wanted to hear. We don't want to hear Gary Gensler 2.0. We have a better way for you to register. We're going to put it on the website. No, the CFTC Registers regulates commodities. You got the sec, which, which regulates securities. This is exactly where it should be. Look at who the participants are. Jeff, you got people like From Circle, Coinbase, crypto.com Ripple is going to be there. They got a seat at the table. Cryptopilot program as well as the notion of expanding the use of non cash collateral through distributed ledger technology are the ideas. Acting chair of the CFT C. FAM has previously advocated for and quite honestly, FAM has been pretty outspoken and it's, you know, she's the interim, but who knows, she could be, she could be tapped as the, as the CFTC chair. I don't know. But what I do know is the fact that the point is you got the right players. You got Circle, you got Coinbase. These two right here, Circle and Ripple both have stable coins. Right. It couldn't be a more important conversation for them and getting some of the riff raff right. We've heard so much about Tether, Tether buying Bitcoin, you know, propping that piece of it up. It can be a whole sort of a thing that we get into here. Jeff, you okay? Jeff's hacking up a lun over there. You all right, man? You got some thing going on over there? Jeff, what's going on? You all right? He's, he's, he's recovering. I'm looking at him off stage here and he's like recovering. What's going on, man? It's like you're having, you're having some episodes today. You're right, man.

[Jeff]

No, I was sick last week and then it just, I was better. I thought it was better yesterday and then it came back again last night.

[Chip]

Crypto News just says you got covered, dude. That's what it is.

[Jeff]

Maybe, I don't know. The worst is that my eyes start watering.

[Chip]

Massachusetts, a tyranny state with socialists running it. That's true. But you know what's happening is look at the, look at the people from Massachusetts who Nobody cares about. You've got people like in the house, you got. And you got Elizabeth Warren. She gets up every day and starts crying, dude. And look at when she puts a post up. 5,000 comments. 99 of them are hate comments against her. They're not listening anymore. They're not the voice of the people. And the people who are on the other side are slowly coming over. And I tell you, when things. When things go. You want to get that one, Jeff?

[Jeff]

Yeah. No, this is so over the past number of years, over the summer, we've had different tax holidays on different things, right. Going back to school, whatever it might be. So this time around, DeSantis announced that it's a Second Amendment summer tax holiday on guns and ammo and anything around it. No taxes for a period of time.

[Chip]

Buy as much as you want, which is very cool.

[Jeff]

Buy as much as you want, no taxes. Now you go into the shops here to go get ammo and you realize how much they sell it for in the stores versus if you go online. And you know, it's a little bit. A lot cheaper. But if you can balance it out, which is amazing, I think people overseas probably have no concept or they don't know that, you know, we can go online and you can go to different. Whatever state, you know, different websites, and you can buy ammo in bulk, you know, which is awesome. And they'll just ship the ammo to you, which is great. Shows up in a case at your door, which is perfect. Cannot do that with guns, though. Guns have to be. Even if you buy them on auction, they have to be shipped to a shop that then will do your screening, background check, and all of that before they release it. Unless you have a concealed weapon permit, you know, then they'll still do a check, make sure it's all valid, and then you walk out that day. Otherwise there's a. I think it's a three day hold.

[Chip]

Three day hold, yeah. Yeah, Carmichael's here. We can start the show. Jeff, good news.

[Jeff]

That's right, good news. Hey, what's going on with our yeti, by the way? Yetis. I haven't seen a lot of yetis. I saw a few yetis in there.

[Chip]

You have nine people entered to win a NFT Badass yeti. We have nine of them. So if you guys want to type in the word yeti, Y, E, T. I type in yeti. I don't want to type it in because chances are we'll win. It'll be like, oh, it's fixed. Because we're in the mix. I don't want to. If I type it in there then it puts us into the drawing and I don't want to do that so. Well not gonna do it. But I can do this. This is what you want to type. The Soflo knows. See one rough Rican knows. Yeah this. That's all good. Type it in now. It's right now we're at a 14. Hello. We've.

[Jeff]

There we go.

[Chip]

Yeah. It's all coming up. You see that? Check it out. Yet I All right. Sorry. Reborn. John. Don't do it. Take me literally here. It's Yeti. Y E T I it's being Yeti. By the way I have a dog named Yeti and I call him Yeti the Jedi. So you know he's one going on one and a half year old doodle with way too much energy. My God. He's a nut job Thursday. Yet I okay that's not going to work either. Jim. Do you guys give you in too too clever. There we go. So we got. We're up to 20 just like that. Jeff boy. Make an announcement.

[Jeff]

And by the way we did run a drawing on the Discord this past week as well. And Cryptononymous. Cryptonomus won over on the Discord. So haven't heard back from Kryptonimous yet but just won last night. So we have a badass Yetis giveaway over on the Discord as well which is very cool.

[Chip]

Join the Discord if you want to drop the channel. I think it's down in the comments as well. I believe it's down in the down below on YouTube so you can see.

[Jeff]

I believe it is.

[Chip]

If it's not threat from over my fireplace. There you go. There you go. There you go. We're up to 20 right now. That's good. And you only have to type it once. Like if you type it five times it only registered once. So that. Don't worry about so much about that. We have. Let's see here. Look at this. So CFTC announces the Crypto CEO forum. They put out official press release on this. This is going to be cool. Ellie Terrence says XRP Depository receipts will soon be available for purchase by accredited investors through Receipts Depot and DWP Advisors. So that's in Digital Wealth Partners. Much like traditional ADRs, which are American depository receipts that represent shares of foreign companies, the XRP Dr. Represents ownership of the underlying XRP without the investors having to buy the asset direct via a crypto exchange. The benefits are similar to those of an ETF where investors can gain exposure to an asset without having to buy it directly through a foreign exchange or crypto exchange. In short, it's just another way of bridging the gap between tradefi and DeFi. The XRP Dr. Be held by Anchorage, a federally chartered bank overseen by the the US O. The occ, which is the Office of the Comptroller of the Currency ensures a safe and sound national banking system. And you remember the office of the occ, this is where Brian Brooks was in the previous administration of Trump was had talked about banks, custody and crypto and I always said that the best way to get this sort of adoption is to have banks. Right, well listen, we want the masses to be involved in it. If you can go ahead and banks were getting did partnerships or even took over. You know we had this long term converse time conversation between Jeff and I. You know, are the, are the exchanges going to buy the banks? Banks buy the exchanges. But to me if you go into your banking app and you click a button for crypto and you just, you buy it and it's custody and they have, you know, they're using a world class custody partner like a Ripple or a, you know, one of these other institutional ones. This is how it makes it easy, you sell it. I mean the seed phrases and this and that and all that stuff that's, it's too complicated for people. I, I, somebody hit me up in my DMs this week and lost everything. They've been accumulating for seven years. And it can happen. Listen, you think like oh I'm never going to be that. No, it happens. It's too it, you hit a panic button, oh something happened, I gotta fix it. And then a moment of weakness, you can be wiped out. And, and this whole idea of like the seed phrase some if you don't learn from a guy like Stefan Thomas who, who was the former chief tech officer for Ripple who at this point lost over 4 or $500 million in Bitcoin because he had a cold storage wallet that had 10 tries and then it bricked. Right. So now he's been working on this with a company that he's going to split it with and they've been trying to crack it for like the last year and a half. But listen, this is a. You don't think a guy like Stefan Thomas knows better? Yes, he does. This is taught it's too many weird stuff can go wrong. Three years goes by, four years goes by, you move. I mean I moved recently and like, I can't. I knew where the place was in my old house. And I go like, oh, it was right? And I don't know what. And this is what happens. People don't know then. And we, we got to be very cautious, Jeff. We can't have this stuff. Look at this, Ellie. Terror again. Republicans on the Financial Services Committee announced their witnesses for Tuesday's hearing entitled A Golden Age of Digital Assets Charting a Path Forward. Just the name alone, Jeff.

[Jeff]

I love the Golden Age. The Golden Age. That's great. It's a great title.

[Chip]

Amazing. So they got Jonathan Jacob, deputy counsel and global head of policy over at Kraken. You've got. Let's see. Who is this? Sometimes you can't see the name. G. Kim, president and acting CEO of Crypto Council, Coy Garrison, partner at Steptoe LLP and the former SEC Council to Hester Purse and Bill Hinman, you have Jose Fernandez Daponte, senior vice president, General Manager of blockchain crypto and digital currencies of PayPal. So, you know, some pretty. It'll be a pretty interesting hearing to see what transpires there. Here we've got new Financial Services Committee Chairman Rep. Hill, Rep. French Hill, and Digital Assets Subcommittee Chairman Brian Steele have just released a discussion draft on a House bill to establish a regulatory framework on stable coins. So here it is right here. They already put together a framework on what that legislation is going to look like. We've got here John Deaton, someone. So let me, let me play this video first. So this makes sense, Jeff, because I have the video that John Deaton is referencing here. And I think we should play this video first so that this, this makes a little bit of sense here. Let me see where the heck it is. So I gotta look for it. Here it is. There he is. Okay. All right, a bunch of videos to. Here it is.

[Jeff]

Oh, there we go.

[D]

Well, I mean, I wish you're in for fun, guys.

[Chip]

Now we're gonna get really into it.

[D]

I wish the world were so easy. You could say this is a commodity and that's a security. About this technology is that you can create instruments that are almost hybrids. You can create instruments where they're not a full component commodity. It's not like it's a completely fungible investment that you're making. When you decide to buy this level one coin versus that level one coin, there are differences. And sometimes there are insiders that have more insight into how those products are working. And so there are information asymmetries, which is Sumner's point, why a taxonomy is so important. Like how can we start to think about these things and regulate them in a reasonable way where it's clear enough and you don't have to engage in a very highly subjective analysis which only today Ethereum and Bitcoin pass. But is there something in between where we can have a regulatory framework where this question is not quite as critical, where you address the information asymmetries problem in both agencies? So it ends up in the cftc There is a disclosure obligation for folks that want to trade. Trade it maybe for folks who have issued it. You know, some of the framework bills try to do this. Everyone has a certain level of information. So some of these really tough questions around is this decentralized? What's it mean to be decentralized? Have a lot less importance if everyone is getting the same information, is getting adequate information that they need to make a choice and which instruments to invest in. So we think that's really important both for the SEC to weigh in on and for the framework to address.

[Chip]

And then of course you do. I can't even listen any more of this, Jeff. This is just mine. This is mindless dribble. This guy is a complete ass hat. He's dumber than a box of rocks. Is that Giancarlo there? Is that who that is sitting next to him?

[D]

I do think.

[Chip]

Let me see here. Hang on a second, let me look. Who are the players here? Yeah, that's Christian Carlo. He's sitting there looking at him and thinking the whole time this guy is a complete. This guy's talking about this again. The SEC should wait. No, the SEC should be the last agency to weigh in on anything, Jeff. I mean, and, and we'll change it so the SEC has nothing to do with this anymore. That's what they have to do. Because I'm tired of this information.

[Jeff]

Trying to put up the comment here from Jim, but he's acting like he's a big expert on crypto after he polluted the whole space with his corrupted ETH deal. But that, that's the thing.

[Chip]

He's.

[Jeff]

He's out there acting like the big expert, you know, and there's so many other experts in the field that we should be listening to and be one voice amongst him because he was involved somehow, you know, obviously. But there's so many other positive voices to the growth of crypto and. And it's not him.

[Chip]

Yeah. John Deaton said somebody booked Bill and me on a show together, Jeff. If we can get Hinman, we Got Deaton. If we can get Hinman, come on, say like we want to have a healthy debate. We got John Deaton who wants to debate you on a show. We'll, we'll, we'll post as moderators here, see if we can get, if anyone has any connections to Bill Hinman, we'll get them on here. Let's hear his point of view. Let's hear John's point of view. Here's John Wayne. In fact, him and connected to ETH is connected to ETH in a significant way, including making millions as an ongoing profit sharing partner with people representing Ethereum and Ethereum companies. And on June 14, 2018, he gave that speech declaring Bitcoin and Ethereum non securities. And so in Himman's words, he said his speech wasn't significant related to BTC because Bitcoin was already accepted as not to be a security regarding ETH though. However, he acknowledged in his speech was a big deal. As we know, the SEC never makes public comments on specific tokens or projects. But then after Ethereum's free pass, how many times did we hear Clayton Hinman, Hester Purse, Gensler and everyone at the SEC say it would be inappropriate to discuss specific tokens or projects, yet it was appropriate for him and to comment this one time? So when I call it the Hinman Ether speech, it's because Hinman himself labeled it as the Ether speech. We know this because we have the emails between him and others at the SEC leading up to the speech. So when you look at the people who received the copy of the draft, many SEC divisions were involved, except for ethics. Prior to the speech, Hinman was told several times he was violating the financial conflict laws because he kept meeting with his partners, especially considering his partners had business before the sec. What kind of business, you ask? How about being a partner from China filing for Canon's ipo? What about Canon? What is it? At the time it was the world's largest manufacturer of Ethereum mining equipment. That's right. Him and his partners, the same partners he was told to stop meeting, were pushing for an Ethereum mining equipment company IPO during the time that him and planted or planned on giving ETH a free pass. The initial F1 registration statement from Canon's IPO was filed with the SEC on May 15, 2018. Hinsman's speech was June 14, 2018. So how do we know him? And ignored SEC ethics personnel regarding this IPO? Hinman met with his China partner the same day. A letter From Hinman's division went out to the same partner while some people tied to E called me and and digital asset investor and and who's this? This is a digital perspectives that's another is conspiracy theorists empower an independent watchdog regarding ethics. No tied with no tie to crypto sue the sec. It obtained the emails and Power also made a referral to the IG over overseeing an SEC the final report to him and his conflicts have been issued not made public and Power sued the SEC again and demanding the report. Do you remember the two year litigation battle between Garlinghouse and Stu Alderotti versus Jorge Tenero and other SEC lawyers? Remember the battle over whether Hinman could be deposed which he was the lawyers at the SEC fought harder to stop the deposition than the lawyers fight to stop a deposition of the president. Lawyers for a 16 crypto helped with the speech. That's an incontestable fact. We have videos of the lawyer who helped it publicly stating him was pretty much followed the memo I sent him. And what does him and work for today? That's right a 16 crypto. Right. The revolving door of regulatory Jeff. I had to hit the sneeze button there. Have a look at the draft speech before meeting with Vitalik eight days before the speech compared to the final version you'll notice a big difference the the draft before the meeting Vitalik discussed a decentralization of miners. After the meeting with Vitalik the final version does not even lawyers present during the meetings with him in admit that Eth Ethereum was not decentralized despite him in declaring ETH sufficiently decentralized and thus not a security. After he gave the speech him and would speak at a conferences like the one below the video clip we just played back then he would say only Ethan bitcoin have clarity after he gave the clarity and now he's back recycling the same ignoring the ruling that XRP is not a security from a case that he pushed to bring. We should be on a panel together. Absolutely should be on a panel together. I mean the funny thing about this is this always comes down to Jeff. What we talk about is the government picking winners and losers. Right? Right. It's. It's. It's never going to be a good thing. I don't care who the winner is. It's just like the government and what we're dealing with now is the Bitcoin strategic reserve. It's gotta be bitcoin. Why? Why would it be Bitcoin? Why would it only be bitcoin if bitcoin goes from a hundred thousand to a million dollars in 10 X's. What do you think the capability of a basket of, of, let's say Even the top 10, like an XRP, a Cardano, those are going to 20, 30, 40, 50X. Where are you, where are you going to able to make the most benefit, the most bang for the buck with, with Bitcoin going 10x to a million dollars or these lesser, you know, coins going to. From, you know, in the top 10 going 20, 30, 40x. Right. It's. It doesn't make sense to have one, Jeff. It's just a bizarre thing. And we got Cynthia Lummis, who's a bitcoin maxi nut job, but she started changing her language because she got hammered on X. It used to be bitcoin reserve book and now it's like a digit. Now she started seeing digital assets. Okay, So I think, I think somebody got through to her, Jeff.

[Jeff]

It happens. It definitely happens. And that's the key.

[Chip]

Here's a, here's a, here's a bullish post. Go ahead, Jeff. We got something there.

[Jeff]

I was gonna say, do you have the post from Jeremy Hogan? Because he gets into this exact conversation. I don't know if you saw the X post in the keep for Hogan. If not, I'll pull it up. I have it here. But it highlights exactly what we're talking about.

[Chip]

Pull it up. All right, I have it. Here it is. Here it is. Okay.

[Jeff]

Yeah, yeah, here. So here he said, let me just throw out a thought. On XRP as part of the U. S. Digital asset strategic reserve, almost everyone on crypto X is looking at the issue from a crypto perspective. Is it decentralized? How are VAL validators chosen? Etc? None of that really matters to the federal government. A strategic reserve is an asset. Gold, oil, etc and the government believes it should hold that the government believes it should hold in reserve in order to protect the people from something. If the US government chooses to hold XRP in a reserve, it will be because it thinks there's a benefit, maybe a hedge against some future contingency. And maybe, just maybe, the US government has greater insight into geopolitical events that would necessitate the need to have a store of XRP in the future than, let's say, Joe Smith, bitcoin enthusiast. And maybe the US government knows that if Ripple were doing anything to jeopardize the XRP network, it would. It could simply take control of Ripple, think World War II or confiscate the XRP and escrow think 1933 gold. Maybe the federal government isn't looking at this from a crypto perspective. Like people on here are just some random thoughts. What are your thoughts on that?

[Chip]

Yeah, I think it's interesting too. I mean you can. I mean we know the history repeats itself, right? We know the 1933 gold confiscation. Right. We, these things have all happened. We've seen other things happen too where you had, you know, we go to war with Japan and then all of a sudden we're interning Japanese, you know, in, in California. We've seen a lot of things that are not positives in our history. And I think he's bringing up a good point with the way the government thinks about it versus the way maybe we think about it in the blockchain world. And I think it's, I think even on the randomness of the thoughts, I think it's important to highlight that there may be another motivation for wanting to maybe cross some different paths. And I think it's good that he highlights it. Yeah. So it's. It's important.

[Jeff]

Yeah, he did a good job with that.

[Chip]

I saw some positive posts from Moon Chaser that are very bullish. 2025 will be huge for the XRP ledger ecosystem. You have Zaha network running smoothly since 23. You got F FA asset integration from Flare Boost and interoperability, which is huge. We got Ripple X, Axlr and Puresys pushing towards test net launch, paving the way for mainnet. Big things ahead for the XRPL. And this, these are big things and I think 2025 is good. She also talks about the XLR aims to serve as the main interoperability network for connecting the XRP ledger to other blockchain. Again, we're ready. You got to bring them in to a bigger, a wider audience. Ellie Terrett getting a little political here. Jeff, Let's. I got two things from her. It's like she said, it's kind of ironic that Rep. Rashida Talib and Rep. Congressman Nakima over here, two Democrats, said that they're more concerned about their own constituents getting debanked or lacking access to basic financial services that I hearing about crypto, which was created to solve those very problems.

[Jeff]

Boom.

[Chip]

Jeff calling out exactly the way she sees it. And this is the kind, this kind of of analysis is what's missing, which you criticized a lot of the people who out there, blah, blah, blah. This is the kind of critical thinking that you're able to decide like, isn't it ironic? Yes, it is. Here she Talks about here. The new ranking member, Al Green, in his opening statement said Operation Choke Point 2.0 is a fake program and the Biden administration did not prohibit banks from dealing with crypto. We already have the evidence on this, Jeff. I mean they will sit there, they will lie and I love it. Please keep doubling down on stupid. You're gonna get crushed in the midterms. I, I implore you, please, Al Green, we need more of this. We need you to go to tv. We need you to be on every network talking about the fact that was fake and right after that showing all the evidence that it wasn't. Please keep doubling down as stupid. Please keep showing at places you don't belong. Watch this, Jeff. This is a, this right here is probably the best post I have seen in a long time. Insurrection. Bobby Barbie said they didn't hold press conferences where people couldn't pay their rent. They didn't hold when people couldn't afford gas and groceries. Talking about Democrats. They didn't hold the press conferences when Venezuela drug gangs took over the entire apartment complexes in Aurora, Colorado. They didn't hold press conferences when there were no, there's no aid to North Carolina and people were suffering. They didn't hold press conferences when the train derailed in East Palestine, Ohio and American citizens were crying because they were afraid that they were living in contaminated areas. And whole press conferences when they pulled out of Afghanistan cost 13 young service members their lives. They didn't hold conferences when they left $8 billion worth of military grade equipment to the Taliban. They didn't hold press conferences when parents were begging schools to be reopened because their children were suffering at home. They didn't hold press conferences when they lied to you about the inflation for four years after they printed 40% of the dollars that are currently in circulation during the Biden years. But now Democrats are outraged and crying crocodile tears because somebody got a hold of their slush FL fund of wacko liberal new world order, CIA cutout money and now they're on the street having breakdowns because they got caught using $70 billion a year for the benefit of getting re elected. Funding pet projects overseas, censoring the American people. These people hate you. Stop voting for them. Jeff, Thoughts?

[Jeff]

Hang on. I only have one thought on that. You know, this is it.

[Chip]

There it is right there. I mean it's so succinctly done. It's like the, the and like when you, when you're, when you are elected to represent the people and you're crying because your slush fund got Got caught. And I love this. And this is always. You want to hear the foreshadowing of Trump. Trump gets on there. He goes, yeah, this is, this is crazy. All this money. I wonder who got the kickbacks. I wonder were there any kickbacks? Now when Trump asks I wonder if there any kickbacks, Jeff. He already knows where the kickbacks are going. If you guys want to see winning taken up to 10 notches, wait till they start tracking the money laundering. Wait till they start tracking who got the money. It's Republicans, it's the rhinos, it's the Democrats. The ones that are crying the loudest like that, like what you just put up there are the ones that are guilty. Tells you everything you need to know, Jeff. Everything you need to know. It's phenomenal.

[Jeff]

That's it. That's it. Lower level. My thoughts are damn right, Chad.

[Chip]

Straight boom. This is exactly what it is. Look at this. XRP plumbing. I know OG you guys need to do more than one show a week. You guys need to do more than one show a week. We do, we do three shows a week. What are you talking about? XRP blogging. We do three, three shows a week. We're on Saturdays, which maybe you catch the Saturday one, but we're also on Sunday night and Monday or Sunday and Wednesday at 8pm and then Saturdays at 8am so we are on there. So yeah, the Hawaii fire is another one, right? The Hawaii fires, people got locked out. What about the LA fires? The LA fires, People were locked out of their land. They, they said they'll never get a permit to rebuild. It could take 10 years to get a reaper. And then what does Trump go? He gets army of engineers, they open up the water, the water's flowing, farmers are watering their crops and now the water's available. They hate you, dude. They hate, they, they have all these wacko doodle sort of like we're gonna to the environment. But they're used to. Jeff, remember we were talking about there used to be this giant lake right in the middle of Los Angeles and they basically drained it. There used to be a huge lake there and they, they took the water. So the so called people who are the climate people and the environmentalists don't care much about it. Right, right. Guilty are the loudest. Yeah, for sure.

[Jeff]

They are the loudest. Yeah. It's crazy.

[Chip]

XRP plumbing. Thank you for the schedule. I've only seen you guys on Sunday or Saturday sometimes on Bagman. That's true too. Yeah. And it's good, it's good. To bring it up because not everybody knows exactly when we. There we go. I'll put you. I'll put it on right there. There we are. You guys can always come here to. On the chain IO and you know, where's. Where. Where's our schedule? I know it's in here. Oh, there it is right. It's right here. There it is. There it is right there. Three days a week, Sunday, Wednesday from 8pm to 9pm Saturday from 8am There it is right there. So on the chain IO you can always go there. You can always check. There's a ton of links below as well that you can look at. So don't. Don't fret. But thank you for bringing that up and thank you for the massive support on that. I really appreciate it. Awesome stuff. Awesome.

[Jeff]

Why is the Trump wallet not buying xrp? I don't know. Maybe he's not buying. You know, I mean, that's. He's not buying xrp. I haven't. I don't know what Trump's. If anyone's tracking Trump's wallet, if he's buying crypto asset. It'd be more important, I think, to look at what Eric Trump is doing. I think, you know, we need to look overall, you know, doesn't matter really what his wallet's doing. It really matters, you know, what the U. S, you know, government is currently doing under his administration to see how they're cutting, you know, this fast, you know, slush fund, cutting us down to be lean and mean, and finding a methodology to booster up our strategic reserve, whether that's our oil strategic reserve, our gold, our crypto asset, anything that is going to make that, you know, solid, you know, for futures to come. And I think that's kind of where we're going. And, you know, it's all those crazies out there, you know, we got, you know, just this winter.

[Chip]

I was just gonna hit it. But I'll be waiting for you. I was gonna. I was waiting for you to finish, Jeff. So that's why I was. I was sort of waiting. Sean, look at this right here. Sean McBride put this up.

[Jeff]

He's posting some funny stuff lately. I love it.

[Chip]

Those in women's stalls by Dr. Seuss. Here it goes. Land of the stalls where the toilets do sit There's a rule that we follow a rule that we fit no balls, you see and the stalls meant for she. For those stalls are for women as clear as can be so if you're a he with balls don't you fuss Find the Right door or your cause quite a must. The ladies room is sacred, a place to retreat where privacy and peace and the standard do meet. The men's room is yours with urinals and rows where you can stand tall and nobody throws a fit or a tantrum. And that's where you'll go to take care of business and go with the flow. So remember, dear friends, both the he's and she's respect where you go, it's easy as peas. No balls in women's stalls. That's the rule to recall in the rhyme of the reason and for no one and one for them all. That's some, that's some pretty good stuff right there, Jeff. I gotta tell you, that is some pretty, that's some pretty good stuff.

[Jeff]

Even to have that, you know, funny stuff, that's just too much.

[Chip]

You know, the bitcoin maxis, you know, like Peter McCormick, a big time bitcoin maxi. Somebody had a little fun with this video, but he, I mean this is a grown man, right? Let's, let's look at this.

[C]

Tell me about Ripple.

[Chip]

Well, so to me it's a scam, it's a fraud.

[Jeff]

I think Brad Garlinghouse, who runs it, is a compulsive liar.

[Chip]

They have fun. So there's, there's, there's, there's one off the rails. Brad Garlinghouse runs xrp. He thinks Brad Garlinghouse and XRP is a fraud. Okay, first problem did Ms. I saw, I saw a clip on that. Somebody said that the other day.

[Jeff]

Well, there's two things.

[Chip]

They funded misinformation campaigns via Greenpeace against. Now remember this guy lives in the uk. That's a total and utter show, right? This guy's worried about Brad Garlinghouse and what's going on in the US and his country is going down the drain faster than you can say tomorrow. And he's sitting there crying crocodile tears. And this guy can't even spend a 20 seconds of Googling to find critical information. They don't care. They just want to hold on to these narratives. Brad Garlinghouse is in charge of XRP. They heard it here first from Peter McCormick and the crocodile tears Bitcoin. And they have also been undermining the efforts to create a strategic bitcoin reserve.

[Jeff]

In the US government. These people, I think they're fundamentally evil. The cryptocurrency ripple has no purpose.

[Chip]

No, to me it's a fraud.

[Jeff]

Personally, he'll probably say with Ethereum then. I mean some of them are just.

[Chip]

To me they're just, they're just pointless.

[Jeff]

They're scams.

[Chip]

The thing about a blockchain is the reason a cryptocurrency like bitcoin is built on a blockchain is you're trying to decentralize it, which means you're trying to get it away from the power of.

[Jeff]

The state so it can't be turned off. So even it's funny about that statement. He said the point of decentralized is you're trying to. Not that you are. Why, why can't he just say it's not that you're trying to decentralize. It either is or it's not. But why say the idea of blocked if blockchains that you try to, you know, I mean, you're moving towards this path of, of defi. And you know, if you have validators validating the ledger and that's decentralized in nature and even the mechanism of adjusting the XRPL is decentralized in nature because then you have voting of the validators.

[Chip]

Well, they don't understand the whole concept, Jeff, of the gosh, my things get caught up here. They don't understand the whole concept of. Yeah, Ripple is a centralized company for profit. It's private, but it's a for profit company. $300 million have been invested in it by investors. And XRPL is a decentralized. I mean, why, I don't understand why these don't. What. And they collapse us all the time. Ripple is XRP and Brad Garlinghouse, the CEO of xrp. And it's just, it's nonsense. And you know, on top of that, you got all these people, they're not even mad at Trump anymore. Now they're mad that we had Trump Derangement syndrome. Jeff. But now we have a new derangement system. The syndrome, it's called Elon Musk Derangement Syndrome. But check out this video.

[Jeff]

Ray just found a new way to kill more bugs.

[Chip]

Run for it.

[Jeff]

Go deep.

[Chip]

Introducing Raid Deep Reach Fogger. Its concentrated extra fine mist takes it places ordinary foggers can't reach to kill bugs. Ordinary foggers leave alive. Now we're in deep. Yeah. Deep Reach Fogger reaches deeper to kill more bugs dead.

[Jeff]

Let's see down some wax.

[Chip]

Doge kills on contact. You gotta love that. Yeah, the Dilly Meme team is the best man. They put out the best stuff. There's no doubt about that. It's. And then I saw this one is kind of an older one, but again it's, it's, it's kind of on point. It's kind of on point here. Look, if you check this out, folks, we have a problem.

[Jeff]

You mean the Doge thing or the fact that Joe just called the Secretary of State Corn Pop again? Corn Pop was a bad dude. Wait, what are we talking about again?

[Chip]

Joe, focus. Elon Musk's Doge stunt is tanking our media buyouts. The public's eating it up and it's.

[Jeff]

Making us look like amateurs. Not to mention, if the treasury goes blockchain, our creative accounting methods are toast.

[Chip]

Blockchain? Is that like Legos?

[Jeff]

Oh, for the love of Joe.

[Chip]

No, it's not Legos.

[Jeff]

It's the end of our ability to move money without questions.

[Chip]

Hillary's right. If spending becomes public, we can't hide.

[Jeff]

Well, anything and usa Forget it. The media companies will turn on us the second they realize the gravy train's over. Gravy train? Now you're making me hungry.

[Chip]

Joe, for God's sake, this is serious.

[Jeff]

We need a plan. Elon is outmaneuvering us and the blockchain thing is gaining traction.

[Chip]

Agreed, but first we need to address the elephant in the room. Elephant? I thought we were donkeys.

[Jeff]

Joe, he's talking about you.

[Chip]

Joe, it's time. You need to step down. Kamala can take it from here.

[Jeff]

Step down?

[Chip]

But I just got comfortable in this chair.

[Jeff]

This isn't a joke, Joe. The party's at risk. You're a liability.

[Chip]

We can't afford another gaffe. The media is already questioning our integrity and Elon is exploiting every crack. All right, all right, but can I at least keep the chair? I mean, I mean, it's an old video, but it's, it's pretty funny because the whole US aid thing, man, it's. I mean, they're just talking about where the money went. So somebody over in one of these countries was showing exactly one of the schools that was built. It was. Had a dirt floor, didn't have windows, broken desks. And then you're talking about millions of dollars going to so called build these schools. So what ends up happening is some of the money makes it there, but most of it's redirected and redirected and redirected. It's a very elaborate system. We saw what happened with ftx. We saw how that all of a sudden Jeff, out of nowhere just went down. Let's, we got to get rid of ftx, because then we found out that the money that was sent to Ukraine got sent back to ftx. And then FTX Sam Bankman Fried was donating to mostly Republic, I mean, Democrats, but there was a bunch of Republicans that got some money as well because they wanted legislation to favor them. So, you know, listen, it's about to run out. People are about to get exposed, Jeff. It's about to go down. It's going to be glorious.

[Jeff]

That's it. And it's. We're just getting started, too. I mean, it's so amazing to see the direction that we're moving in right now. And, and we're two, we're going into week three. So just, just hang in, in tight because, man, we're, we're along for a ride like we've never seen before. It's like one of Elon Musk's rockets. You know, how crazy is that too, right? The last administration abandoned two astronauts up in space, but no, seven months, they were planning, going there for how many, like, six days that, Jeff, seven months. And Elon Musk is like, Trump's like, go get him. He goes, yeah, go get him. No problem.

[Chip]

Bring him home. You know, it's like things are getting done at like, breakneck speed. And the reason the whole entire world, you know, the governments, not the people, the people love Trump. Trump is beloved because what's happening is he's teaching other people how to do this. So what do we see happening in Germany? We see the opposing the party that's running saying the first thing to do is deport all of the illegal immigrants who are sucking off the system of Germany, right? They're going to start deporting criminals who are breaking the law, raping, whatever it may be. This is the first step, right? But it takes somebody bold to do it, who is going to go out there and actually talk about, you know, and we're so. And this is what happens. So when the Federal Reserve gets audited, the Fed, you don't think the Federal Reserve that's never been audited since 1913 isn't doing nefarious things? You don't think they're moving money around and printing money and investing? And if we thought the USAID was bad, what do you think's happening at the Federal Reserve? So that's going to be audited. You're going to see that go down. You're going to see the IRS go down. When Trump abolishes the irs, you never have to panic and worry at the end of January, getting all your tax stuff together, calling your cpa, putting all your stuff together, because you got to go in and, and figure out your, hopefully your CPA knows all the new regulations were passed in the last year. And you do it, file everything correctly and you try to pay as less tax as possible, but not so you're going to get audited. Imagine that going away. Imagine there is no more income tax. You keep everything you make. I'm telling you, man, you want to see the amount of people on the Trump train. It's going to be massive. A sovereign currency that maybe is blockchain based. It's going to be massive, Jeff, right?

[Jeff]

Yeah, I think so.

[Chip]

Yeah.

[Jeff]

Everybody, it's gonna be good. It's gonna be great.

[Chip]

I just want to play. I want to play one more clip and we'll get to the drawing. So, guys, last chance. The plug in the Yeti because right after this clip, we're going. We got 25 people in there. Type in Yeti Y E T I. But here's another. Here's some more Derangement. Elon. Derangement syndrome. Elon, Elon Musk. Elon Musk.

[Jeff]

Elon Musk.

[Chip]

Elon Musk.

[Jeff]

Elon Musk.

[Chip]

Elon Musk is Elon Musk. Elon Musk. Elon Musk. Elon Musk. Elon Musk.

[Jeff]

Elon Musk.

[Chip]

Elon Musk. Elon Musk. Elon Musk. Elon Musk. Elon Musk.

[Jeff]

Elon Musk. Elon Musk.

[Chip]

Elon Musk. Elon Musk. And Elon Musk. Elon Musk. And Elon Musk. Elon Musk, Elon Musk, Elon Musk. Elon Musk, Elon Musk. You know this old hag right here, the fake Indian, she's so. She can't stand that she got neutered. She cannot stand that nobody gives a what she talks about anymore. She cannot take the fact that their party's not in power. Look at that dumb look on her face. She's one of the dumbest people ever. And I just actually, in a weird way, love the fact that she's getting crushed every single day. The Democrats are getting crushed every day because you gaslighted us for four years. Plus you told us a bunch of nonsense and lies. We all knew better. And guess what you're getting. It's going to get to the point where you won't be able to walk down the street anymore. You think what's. What's happening on X is bad. You wait till you walk down the street. You try to go into a restaurant to get something to eat. You'll be shouted down. The people of Massachusetts aren't putting up with you're not gonna. I don't think she even lasts six years. This one here. Elon Musk. Elon Musk. Elon Musk.

[Jeff]

Elon Musk. Elon Musk.

[Chip]

Elon Musk. Elon Musk. Elon Musk. Elon Musk.

[Jeff]

Elon.

[Chip]

Okay, let's go. That's. We're only halfway through it. You. You get the. You get the. But again, we talked about. The fact is they. They wanted to have press conferences to protect their slush fund, but didn't care about the people. So guess what? People are smarter than you give them credit for. They know what's going on. They see you. Good luck with that. Bunch of scumbags.

[Jeff]

That's right. And here you go. Look at that badass ash yeti that we're giving away today. Look at this guy.

[Chip]

Badassery right there. Look at that.

[Jeff]

Geez, Nice face. Nice fluffy.

[Chip]

These. Ashley, they're so dirty. Dirty ashy. Running through the ash piles all day long.

[Jeff]

Oh, he's just hanging. I swear, they don't. They never go out into the woods like the little prowlers is there. This is their world. Along with a fire. Yetis. But they don't. They don't go down into the fire. They're just out in the.

[Chip]

Yeah, they can't throw fire, but they're immune to it. Like, you see that dude's running through fire. He's got a little bit of fire. They don't burn, like, regular, like. Like, you know, somebody else would. They just created. Over time. They have an immunity to it, which is great. Great.

[Jeff]

It's perfect. All right.

[Chip]

Do we have any plumbing yet, by the way? I need a plumber today. I need a plumber. I wish you were close by bringing over here. XRP Plumbing. So I do the. It's funny. Thank you for reminding me. What's up? Chip and Jeff tuning in from the Philippines. All right. Crypto Navigator. Beautiful. Fantastic. What time is it over there? It's got to be late. One in the morning. It's finished.

[Jeff]

Australia. It's late.

[Chip]

Yeah. Crypto Navy. I would imagine it's super late there. That yeti must have lithium in his diapers. You gotta wear diapers, Jim. Come on, man. What are you thinking? All right, Jim D. What's up? If you're close to Orlando, I'm not. Let me know what the problem is. Oh, yeah, it's just. It's just a. It's just a drain thing going on. You know, like. Train gets clogged up in my bathroom for some reason. My wife's never gets clogged. Mine gets clogged. I don't know if it's the clippings from the. From the beard or what, I don't know, but it's all clogged. That long hair, that could be a two. It could be the long hair, but I don't. I use. I lose most of that in the shower. That's when they get clogged up. Between my wife and I, we have the. Gotta clean that drain thing out like once a week. It gets really compacted, man. Kitchen sink, drain. It's a. It's a. It's a. It's the sink in the. I'm getting consultation here, Jeff. It's the. It's the bathroom sink. You know, we got the dual sinks in the big, you know, master bath. It's the. It's my sink just plugged up. I don't know. Do you recommend getting one of those things that you. You put in your turn, kind of pull probably a bunch of stuff in there, or just. So you just call a plumber. I don't, you know, I don't want to. I don't want to. I don't like pouring chemicals down there. I don't know what that ends up doing. But, you know, I could do that, but I don't usually use drain. I just want to unclog the thing there. Yeti looking like. What is he saying? Looking like he's hunting down. Damn, son. Pablo's on top of that.

[Jeff]

It's crawling around the wins today.

[Chip]

Be like, fixed. I'll be like, no, man. We just click a button. We don't know. Right.

[Jeff]

All right, let's roll. Let's roll the dice.

[Chip]

Let's go, baby. You guys ready? We've got 27 in here. Let's go. Who's gonna win? Let me move this off screen. Go, guys. Get your zombie wallet ready? You're gonna say, I'm here if you win, so we know that you are lower level. Boom. Oh, gee. Lower level in lower level. Are you still here? Lower level. We need to hear from you that I'm here, baby. We need to hear. Lower level. Need to hear from you about the yet. Hey. Right. Right on. Okay, cool. You lower levels here. Beautiful, man. Love it. Get your zombie wallet. Get your zombie wallet. You have your zombie wallet. Just say, I'm getting my wallet id and then we will know for sure that you are doing that. Winner, baby. Yeah. So get your zombie wallet, baby. We will job.

[Jeff]

That was great.

[Chip]

Congrats. That was lower levels all over it, man. Beautiful.

[Jeff]

Gotta open it up in YouTube so I can see it and grab it.

[Chip]

Yeah, it's always because it. Because it looks. I think they spam it out. They do. Did you see the questionnaire when you came in today, when you logged in today, Jeff, they. In the right corner, they were saying if you want to be able to show the comments on the screen. I don't know if you saw that. I filled it out and said, yeah, but we want a chance to move it around.

[Jeff]

Oh, that's cool.

[Chip]

So you can put it like in the. Like one of the corners. I just said, well, give us the option of where we want the comments to show up. Right.

[Jeff]

It's perfect. That'd be awesome because we can put.

[Chip]

Comments so you can see them right on. Right on the video would be cool.

[Jeff]

Yeah, that'd be awesome. That'd be really cool because.

[Chip]

Only because you got you. Well, they see them anyway, but it'd be kind of cool to see them on screen as well.

[Jeff]

Yeah, I would like. I'm looking. What am I looking for here?

[Chip]

Oh, medic acid. Medic acid. What is medic acid? I don't know what medic acid is. And take a screenshot of that. But I do have. I don't know if I want to use medic acid because I have. I'm not in. I moved to a place that's not on. I'm not on. I have a. What do you call it? I don't have sewer anymore. I don't have city sewer. I have city water, but I don't have. I moved a little bit further out into the outskirts where there isn't any. What do you call that? I can't even think what the hell that's called. I have a septic tank. Yeah, I have a septic tank. That's why I don't want to pour chemicals in. So what do you usually use for septic tanks? XRP Plumbing. Use a plunger. I've done that too. Yeah, I've tried a plunger as well. Yeah, plungers sometimes work, but I think it's just probably muratic. That's what it says. Muratic acid. Yeah, muratic acid makes more sense.

[Jeff]

Anybody see lower level? Did you post your. Your zombie wallet address?

[Chip]

I don't think there is a trap in there, though. See, that's what I don't like about these drains. There's no trap.

[Jeff]

Chip. Check your DM. He DM'd you the Zaman wallet.

[Chip]

Oh, he did? Okay, cool. Yeah, I understand he wants to Keep it private. Here we go. Let's hang on a second. Let me go in and grab the message, and I'll get it to you in the private chat there, Jeff.

[Jeff]

Perfect.

[Chip]

All right. I just want to. Hey, so just lower level. It. It starts with R, B as in boy, and ends is M as in Mary, and B as in boy. Just. Just confirm that for me. Starts with an R as in Robert, B as in boy, and it ends with it M as in Mary, and B as in boy. Is that correct? I just want to make sure. Because we want to make sure you get this thing. So, Jeff, if you look in the private chat, I have sent it to you.

[Jeff]

There it is. Perfect.

[Chip]

So there we go. Yeah, you guys can always send it to us if you want. It's up to you. If you don't want it to be public, that's fine. You can always send it to us. So that's. That's all cool? It's all cool, man. Sweet.

[Jeff]

Oh, now we're gonna get it. Now we're gonna send this over. Let's get this. Roll in, roll in, roll in. There we go. Gonna send it. Perfect. Sending now. Let's get this Zaman wallet open. Let's confirm the transfer. Scanning. Boom. And sent. Look at that. It's so. It's so easy. Between the QR codes and the verification, verifying, and that's it. Done. Lower level is now the proud owner of this beautiful badass yeti from the white tribe. The badass.

[Chip]

Where are the traps, dude? Where are the P traps? I know nothing about plumbing. I know a lot about electric. Electrical, but I know nothing about plumbing. XRP Plumbing. Just go ahead and DM me, if you would, my man. Here, I'll send you my. I'll send you my. Why can't I. Here you go. Here. Good. Guys, if you're not following me, go follow me on X, please. There it is right there. There's my. I just put it in the chat there. So there you go. Thanks, boys. Got it. Beautiful. Love to hear that. Yeah. All right, dude, nice. Killer show again. Yeah, thanks, Mike. Mike sent me a story that I meant to show, and I don't know what happened to it. Let me see. Hang on a second. Let me look at this. Oh, that was it. Yeah, we did talk about it, but it was. Here it is right here. Trump pulls Biden's security clearance. Joe, you're fired, sucker. Yeah, thanks for that. Gotta love it. He gots to love it. I'll call you, Jeff. No, call me. Don't Call Jeff. Jeff doesn't have the plumbing issue. I have the plumbing issue. Jeff, he'll call you on the plumbing issue. You can relay the data points to me. Okay, perfect. Well, good luck. Karma on. Thanks for showing up here, man. I appreciate. I don't know what that means. Navi. What does that mean? Navi. Whoa. What is that? Good luck. I don't have no clue what that means. Is that a good luck. Is that a good luck message? Navi. Woe. Is that like a different. Like a good luck charm or something? I don't know what that means. Navi. Whoa. Navi. Is he saying hi to somebody named Navi? I don't know. Top marks. We always get top marks from Chad, which is good. I. I really make sure. So flow. So flow. Karma. Karmico.

[Jeff]

Look at that. Boom. Got it. Done.

[Chip]

He's done. He's all good. He's in. He's in. Ready to roll and ready to go. So we're good. So, guys, I would say you get.

[Jeff]

A company that comes and pumps out your septic tank. Do you have one of those?

[Chip]

Yeah, well, somebody. Or they. They did that. The. The. The. The. The sellers did that. And I got the whole. Super expensive, by the way, man. But they did that six months ago. Nava. Woe from the honest tribe. Navi. Whoa. Navi. Whoa. I thought it was like a. Like crypto. Navi. That's what it was. Crypto. Navi. Is what he was saying. He was saying. Navi. Whoa. That's what he was saying. Gotcha. Okay, man.

[Jeff]

Yes.

[Chip]

I thought I meant like good luck or great show or something like that, but he was just saying hello to someone. Pipe dreams. There you go. Yeah. Soap scum. And. And. And. Well, this is the. This is the bathroom sink. But. Yeah, I just gotta. But I like the ones that have the trap built into the drain, you know, the push drain. And you can pull it out and clean it up. So I'm probably gonna have to have a. Hire a plumber come over and put the new drains in because I.

[Jeff]

It's.

[Chip]

It's a pain. I'm using my wife's thing, and she's not happy about it. She's like, you never clean my sink. I like cleaning all the time. She's like, that's always dirty.

[Jeff]

Thank you and good night.

[Chip]

Good night. Geez. Long time. All right, people, we are out of here. You guys will see you guys in the next one, which is tomorrow night.

[Jeff]

PM Eastern standard time. Sunday night.

[Chip]

Tomorrow is the Super Bowl. Jeff. But we don't Care.

[Jeff]

Yeah, that could be. When is the Super Bowl? What time is it at?

[Chip]

I think it starts at 6:30 or something like that.

[Jeff]

Be over.

[Chip]

Are you gonna. You. Are you. Are you gonna be watching it? Are you gonna have something? I don't know.

[Jeff]

I don't have anyone coming over. Not going anywhere.

[Chip]

Me either. I'm not going anywhere. I'm not having it over.

[Jeff]

But just saying we'll have to decide manana. We decide not to do the show. Otherwise we'll be here.

[Chip]

Yeah. Yeah, that's right. You don't need new drain lines. Just soap scum and hair in your drain lines. That's all it is. Got it.

[Jeff]

And boom. And that's it.

[Chip]

Yeah. All right, guys. That's it. That's it. We will. So I think. Are we doing a show tomorrow, Jeff, what is the. What's the verdict on this?

[Jeff]

Oh, let's decide tomorrow.

[Chip]

We'll decide tomorrow, guys. Always check the Twitters. The X's of the world. And we'll decide there. So, you know.

[Jeff]

Right, Lemons.

[Chip]

All right, let me go ahead and go to the. Have a great day, boys and girls. Yes, Absolutely. Absolute demente. Do it, guys. Here we go. And that's dramatic. Jeff. What was. I feel like I'm back in church, man. What's going on here we go back to being an altar boy.

[Jeff]

That's right. Trying to get the right transition. All right, now we're ready to go.

[Chip]

Okay, now we're ready to go, guys. We will see you on the next one. Chipping Jeff out. I'm gonna play the. I'm gonna play the badass Yeti's video on the way out.

[Jeff]

Oh, that's a great idea.

[Chip]

Let's do that. We'll play that, guys. But you can always go to XRP Cafe. And we've seen some steady sales, so thank you for that. But that is Yetis go to XR RP Cafe. The links down below too. But this is on the blue tribe. Let's take a look at this and then we'll play the outro. So talk to you guys soon. See you on the next one. Chip and Jeff. Oh.

[C]

Discover the awe inspiring universe of the badass Yetis. Comprising seven diverse clans, each possessing unparalleled abilities and strengths. The mighty Titans are a formidable and courageous clan known for their immense strength and valor. These cultures, colossal warriors are celebrated for their fearlessness and determination. The Pathfinders. Cute, cuddly but deadly. Expert hunters and trackers. They navigate mountains with ease. They'll find you if you hide. Trust me. It's best if they don't see you. The Templars are spiritual and wise, deeply understanding the spiritual forces that shape their world. They believe themselves to be the defenders of just and righteousness. The superior craftsmanship of them frostbeards enables them to produce intricate tools and weapons using the limited resources available in their surroundings. The Shiverspine Clan is the most terrifying of the seven clans, known for their exceptional agility and stealth and ability to move silently and quickly through the snow and ice. With their telekinetic and intellectual prowess, mentalists excel as powerful foes and sought after allies. Due to their ability to mentally manipulate the world around them, the Spirit Walkers attune themselves to the earth, animals and the unseen spirit world. Their exceptional communication skills enable them to connect with the spirits of the land and draw upon their force.

[Chip]

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[C]

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