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Do it.
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Do it. 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 on the Chain world ripples. Big moves. While RFK exposes Pocahontas's ties to big pharma. And that's right, you read it correctly. The Fed chair says, no more crypto debanking. Well, maybe that's not what's written there, but that's what we meant. The Fed chair said, no more crypto debanking. Maybe that was the previous chair under Biden said, more crypto debanking.
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Yay. Maybe it's just a new day because maybe he's just getting on the Trump train. Who knows?
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That's right. Who knows?
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Ready?
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Get aggressive. Let's get crazy.
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You want to get aggressive? You want the hard guitar? Do you want. What do you want? You want some metal? Hey, hey, hey. Which one you want?
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Hey, hey, hey.
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Let's do that one. Ready? Go. Hey, hey, hey, hey. It's aggressive, dude. Super aggressive. Super. I love it. It's a great way to start this. Beautiful, beautiful, beautiful today. There we go. Drop where you're coming in. The mad. The mad. Oh, gosh.
B
Your audio is a bit out, actually.
A
Who is mine?
B
Check your audio.
A
Yeah, why don't you check it before the show? Isn't that what you're supposed to do?
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Yeah, but it was sounding okay, but now it's sounding tinny.
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The hell, man? Check it before the show.
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It was sounding good a minute ago. It's like something switched.
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Okay.
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As soon as we went live.
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How's that?
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Oh, my God. What a difference.
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I don't know. It switched it when we went live.
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And then it went low. It's bizarre because you're allowed. And then went tinny. Like as soon as. I don't know about this platform. This platform does. Weird friends, fellow Die Hard with a Vengeance fans, right?
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I heard is a Christmas movie. Just saying.
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One listener from Brass.
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That's it.
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Everyone give a quick shout out to where you're tuning in.
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From Kansas, Justin is cruising to the super bowl again.
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Again.
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Again. Bill sucked. Lost. Just. I mean, I didn't want. I didn't want to talk to anybody after the game. I kicked all my friends out of the house. I'm like, get out. Get out.
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The new Ripple Lab. That's right. Big moves. Eight mile into Quinder.
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There you go. So good digs over there. Perfect. Daytona, Florida, from Florida.
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Guys and gals, we got a lot of Florida here. That's really good.
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Everyone's here from Florida, Daytona, Otown, dirty.
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Jersey, kind of like wannabe Florida. But they're up like in the Northeast.
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It's a Garden State.
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What is it?
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New Jersey is the Garden State.
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The Garden State only in the summertime.
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And only selective areas like the Garden. There you go. There's a lot of cool things happening today. There was. We're going to get into the, The Bobby Kennedy Jr. Hearings today and man, what a s show that was. My God, that was. There was a lot going on there, Jeff, so.
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Right.
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But something new that Ripple's been doing. They've been doing these spaces, you know, on X and they've been doing. They've been so I know the Crypto. Eddie hosted one for the, you know, for the APAC region. They had David Schwartz on AMIA region, had Brad Garlinghouse and. And I know there was another one too. I'm trying to think, but there's just a bunch of them. Unfortunately they're happening when I'm working and grinding and crushing all day. So I didn't, I missed them. But some people had, some people had a lot of time just to chill and do it. Garlinghouse put this out because, you know all the stuff we've been covering with the bitcoin Max, he's losing it with the blah blah, blah and a strategic bitcoin and there's only one, there's only one crypto this, you know, the so called libertarians that are all for, you know, for so much freedom. You know those libertarians that now want the government to pick winners and losers. I'm like, and it's funny, I think David Schwartz or somebody put out. Maybe it was Schwartz that put it out. But he's like, you know, this is so embarrassing for libertarians. You know, it's. Everything we used to stand for is like. I'm like, well dude, look at who you had running in your party. An ex weirdo leftist Democrat. So no, I mean liberal. You know, if you say the liberal party or it's all the same pretty much. I mean it's all rolled into one. But Brad Garlinghouse wanted to. He said, I'm going to share some thoughts on maximalism. Let me say this as clearly as I can. The crypto industry has a real shot here and now to achieve the many goals we have in common if we work together instead of tearing each other down. This is not and never will be a zero sum game. I own xrp, a Bitcoin and Ethereum among a handful of Others. We live in a multi chain world and I've advocated for a level playing field instead of a one token versus another. And so if a government digital asset reserve is created, I believe it should be representative of the industry, not just one token. Whether it's bitcoin, XRP or anything else, maximalism remains the enemy of crypto progress. And I'm very glad to see fewer and fewer folks subscribe ascribe to this outdated and misinformed thinking. What are your thoughts on this?
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Boom. Boom.
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There you go. That's it.
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That's all we gotta, that's all we gotta think about it. So, man, he's, he's so spot on a. He's maga. That sums it all up, right?
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There you go.
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I mean maga, multi chain, get together, focus, make America great again. No more maximalism. Maximalism doesn't get us anywhere, you know, in this, in this world. And if you want to build crypto, let's make crypto great again. You know, crypto is great, then, then it wasn't and then it is, you know, so it goes through its periods of time. We're making crypto great again right now, starting 2025, and there's no place for maximalism. It's not, it's not a bitcoin world, you know, it's not everything bitcoin. If it was everything bitcoin, all these other projects that were being built right now would not exist. There'd be no projects. It'd be right bitcoin. It'd be people mining bitcoin in their basement on a computer. And you would see nothing. There'd be zero development, nothing. So what are they bitching about? You know, it's like they're. You know what it is? They're just sore losers on that front because you can't build much with bitcoin. So it's doing what it does and that's it, leave it alone.
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And the goofy Jack Mahler is the guy that built the Lightning network who didn't realize he raised like over $100 million. And all you had to do is use the XRPL to move bitcoin. Do you know what I mean? Look at this right here. Justin says, first person I thought of after that game was Chip. Well, thanks, Justin. He's like, let me think of the losers that I know right now. Oh, Chip is one of, one of the losers, Jeff. I really thought we were going to see the Lions and the Bills in the super bowl, but it wasn't to be.
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It wasn't meant to be. That would have been really great.
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Yeah, there was a lot of that. I mean, it was beyond bad calls. I mean, like, if you get 1, 2, 3, 4, 5, 6, once it gets to be 11, 12, 13, you're like, okay, something doesn't pass the sniff test here. It isn't. It wasn't good. You know, went for a first time, like, oh, we didn't get it. Let's do it again. Oh, we still didn't get it. I'm like, he. That's over the line. The ref picks it up and puts it behind the line. You see Josh go over the line with the ball. Then they go ahead and give it to the. I was like, Then you saw one of the. With the pass that went up, there's a flag on the. On the ground. And then. Oh, no, no one saw a flag. We're gonna pretend we didn't see one. I guess they. Once they found out it was incomplete because they're probably going to call something on the Bills. It was just. It was a silly game.
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Such a travesty. Yeah, the whole.
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Yeah. I was starting to think experience post.
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The Lions losing was kind of a. A travesty.
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Well, the Eagles are going to lose. I mean, they're gonna. They don't have a chance because, I mean, they have a good running back, but that's about it.
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You know what the problem is? It's right there. Rob McDermott said I had commanders in the Bills. That's the problem is right there. They're not the commanders.
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Who. The.
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Who are the commanders?
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The Redskins.
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I know. They ruined it. As soon as you start injecting all that nonsense, they ruined the game.
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Game was over and chicken got it.
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That's right.
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So. But there was one team that built the. The beat the Chiefs this year. Handily, of course.
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Liz Warren is rooting for the Chiefs.
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Yeah, Jeff. I finally came up with her with her name, Chief Running Scared. That's her. That's her engine name. Chief Running Scared. She's constantly on AX every day, complaining about this, complaining about that.
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Coming out lately.
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Yeah, I mean, if you put out a post that x and like 99 of the posts where we hate you, we hope you die tomorrow. And I'm not saying I'm just making it or saying, you know, just hitting her, like, why would you keep doing it? Like, what's your incentive to keep doing it? Like, which. Who's the audience you're preaching to? Nobody cares for your stuff. It's pretty insane. There's also some other Developments too Mayoka Vidari she put this out she's a dev over there at over there Ripple the simulate RPC has now been merged into the Ripple that will include in the 2.4.0 release this features allows allows users to do a dry run of their transactions before submitting them easily and without risking funds. It does not require an amendment but it's not exactly what you think because it's really geared towards more of the. It's really more for devs so for devs they don't. They can test out transactions far more easily and they don't have to worry about risking funds or replicating an entire system inside of a test net so it's not something I think would common user would but again if you're developing and you need you want to test it. Hey is it moving the xrp? Is it moving the asset? Is it moving? You know you're not you know risking your own or having to have. You can actually test it out beforehand. So again movement going on and the XRPL doesn't even require an amendment so simple enough to do other big announcements too. Ondo Finance following today's announcement with Ripple we're thrilled to share our next ANDO summit featuring David Schwartz, the chief tech officer at Ripple and one of the original architects of the XRP ledger. David Schwartz set out with the goal to bring a global money transfers into the 21st century. With his leadership, Ripple has worked to simplify cross border payments introducing solutions that connect traditional finance institutions with the decentralized Future. And in 2023 David declared that real world token assets or real world asset tokenization will drive the blockchain economy. A belief we deeply shared on though and one that fuels our vision to re revolutionize Wall Street. We're delighted to host a visionary who believes in the potential of blockchains at scale. And we have our share our own future vision for the future. Set your live stream reminder here February 6th learn how ripple and Ando are innovating. This is Nathan Almond right here CEO of Aldo and he said that he was excited to partner with Brad and Ripple to bring OUSG to the XRP ledger. Today we're advancing American leadership and tokenization with a shared focus on compliance, liquidity and institutional grade innovation. Wall Street 2.0 here we come.
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So what do they do?
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They. They tokenize treasuries. That's one of the things they do.
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Interesting. An institutional grade product backed by tokenized U S Treasuries.
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That's it right there. BlackRock's by DL fund represents a natural fit for blockchain purposely built for institutional. It's something pretty big coming to the XRP ledger if you think about it something on this scale. We talked about institution stuff like we talked about tokenization but this is pretty big. And it's also the fact that it's backed by blackrock is pretty big too that they're whatever you call that BYDL fund. So it's pretty interesting to see how institutional grade finance. Big deal. Big deal. And here was their.
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There we go.
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Holy cow. Institutional investors XRPL will for the first time have access to OUSG a product combined in security compliance Yield backed by high quality US treasury fund and astringent KYC AML standards established liquidity Ripple and Ando secured commitments to seed OUSDG liquidity upon initial deployment driving further adoption of tokenized real world assets on the XRPL and 247 mint. Yeah, it's amazing.
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So they're getting into the Flux protocol lend and borrow on chain. So I think these big bigger groups are now looking for that lending and borrowing ecosystem. So they're expanding into that space. And then really the yield, you know you can invest in and you get a return. I mean it's about on the OUSG which is the US treasuries 4.15 APY and then on the US dollar yield it's about 4.35%.
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Not as good by chance.
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It's not, not like this massive return but. But you know, I mean it's. If you're putting something on, some stability, you know you're going to put it in saving somewhere that you're getting small returns, you know, throw it over there.
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Do you know what Mark Smith return? Indian name is Running Bear. Running Bear. There you go. There you have it. And people are already doing the badass yeti. Let me see how many we have in the. We only have one. That's the only one. So type in yeti.
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Type in yeti. Look at this. Access restricted Ondo Bridge. The content you're trying to access is not accessible in your region. Ondo Bridge is offered only to organizations and individual purchasers outside the US and other restricted jurisdictions.
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That's what you want to type right there. Yeti. And there's a damn good looking yeti right there. Holy cow.
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It's a mentalist.
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That's a badass yeti. They're mental Blue Tribe.
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And since we're on that topic actually Badass.
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Badass. I tell you. I tell you it's badass.
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Since we are on that topic, let's look at this guy. This is the guy that we're doing the drawing for today. Part of the White Tribe. Oh, forgot to put him up. At least I was enjoying it. Look at the detail of the claws. That guy will claw you to death. And yet he still has his sword. He's got a little bit of some booty from his past fight. He's got some sort of a weird like spear sword over here. Some other gadgetry. And there looks like there might have been a fallen comrade over here someplace in the foreground. And this.
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Maybe he just took something out. I don't know.
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I think he might have. I mean, you can see it in his eyes. Like you can tell he just won a battle. Guy's deadly. I'll show you. You look on the properties. This guy is one of the Ass Kickers clan.
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Right? Right there.
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No body armor, but the guy's badass.
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Badass.
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Even though he's wearing like a. A belt. Very intricate on the belt. The guy's pretty cool. So he looks kind of. A lot of them look kind of, you know, likes. And cuddly and fun, you know. And then you look at the claws. That guy's just battle ready.
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Yeah, it's ready. He's ready to kick some ass. Ass Kicker.
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That's why they call Ass Kicker.
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Ass Kicker. So look at this. Yeti Kon.
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It can only be one.
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One. Yet it can only be one.
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There can only be one dog.
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It looked like a Speedo.
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Speedo.
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So look at this. I mean, honestly, this was going around today on the. And I. And I thought it was a joke. I said, no, this can't be true. But yes. Justin. Former SEC chair Gary Gensler returned to his position at mit, taking the role as professor of the practice in the Global Economics and Management Group. In the Finance Group and the Finance Group. You notice there's nothing about crypto this time.
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I'm thinking to teach.
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I don't. I mean, I don't know what. Professor of the Practice of the Global Economics and Management Group and Finance Group. It sounds like a bunch of BS garbage to me. Bunch of crap they made up. I will make a position for you. What am I going to do? Well, you're going to be the professor of the Practice of Global Economics. What else? The Management Group. What else? The Finance Group. I mean, this is ridiculous. Those who can't do, teach. That's right. He'll focus on teaching. Want more. And conducting research on AI. What is Gensler gonna do? Conduct research on. Are you kidding me?
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Research? AI, Finance, technology.
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What's he gonna do with techno? What is wrong with this guy? Finance, financial technology, public policy. He's gonna teach this. Okay. Yeah. Because that's what people are looking to do. Can you imagine? Like you're, you're, you're an XRP holder and you've gone through just hell and you go to school and you show up the date and your professor is Gary Gensler. Holy God, is that horrible. Look at him. Look at me. I was a failed SEC chair. Everyone hates me. My students will probably hate me also. I'm a dumbass. Holy cats, man. What a nutter. But you know, Charles Hoskinson said this. He said, should I pay someone to attend every lecture and just smile silently? I think you should, Charles. I think you should pay people not to attend. I think that would be even better. Give them some Cardano instead. Tell them to. But Jeff, let's get to the big story here. This one here. No more debanking Fed Share the Federal Reserve chair basically signaled today that the US bank should be allowed to cater to crypto customers while trying to pioneer. Oh, you mean we're not going to be debanking people anymore that are, you know, crypto CEOs and seems like he's getting on the look. Why don't they put a picture of him up there from 2015? 9 year old photo. You couldn't find a photo of him from 2025.
B
Exactly.
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Fed Chair Jerome Powell said during a Wednesday press conference that the US Central bank it's not against innovation. Sure. And then banks are perfectly able to serve crypto customers as long as they understand they can manage the risk. A good number of our banks that we regulate and supervise do that. Powell continued. The threshold has been a little higher for banks engaging in crypto activities. Paul's remarks came days after the House of Representatives officially began investigating a pilot or a plot dubbed operation choke point 2.0. His comments were made in response to reporter asking whether speculation and unregulated asset class could hurt American households and the term for the purported plot, which borrows its name from the Obama era initiative popularized by Nick Carter, a partner at Castle Island Ventures and a big bitcoin maxi. It doesn't say that I said that. In a post on X, Carter described Powell's comments as an immense shift, essentially bringing an end to said plot. I think this is just Jerome Powell trying to pull the heat. Remember if they asked them if you want it, we what if, what if Trump wants you to resign or leave. He's like, no, you won't leave. No.
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Not going anywhere?
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No. He's like, no, I'm not going anywhere. Not going to happen. So interesting, interesting news, Jeff.
B
I just found a stock chart of MIT ever since the big announcement. From.
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There it goes. Yeah, there you go. Crash and burn.
B
Calculating all the numbers, trying to figure out if Gensler should stay or not. All negative.
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Can you imagine, Jeff, how ridiculously funny that is? Like you get in the class and you look up and like, hi, my name's Professor Gensler. Yeah, we know who you are, douchebag. You'd be like, oh great. And probably some of those kids are like, you know, they've been hearing their, they've been hearing their parents about Gensler for the last four years and they're like, hey, guess who my, my professor is? I don't know, it's someone you hate. I don't know.
B
Google.
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I do.
B
Your name. It looks like everyone hates you. You are horrible at your job. What's that all about? Professor Gensler, can you explain to us why you went after Ripple, not ethereum in the ERC20 community? Now that would be a good question for, for an MIT crowd. Rob, why don't you go audit the class? When he starts teaching, time to go back to the bag and ask him the. Ask him the question.
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And smile silently. Smile like you mean it. My God, how funny is that? How funny indeed is that? So we got some stuff to get to here. Garlinghouse. Two clips from Garlinghouse from the, the, the spaces. Let's listen to this first one. What's up? XRP rocks.
B
The different use cases between RL USD and xrp.
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Maybe.
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Can you double click there and explain or summarize?
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How do you see different individual use.
B
Cases with one and the other?
C
Yeah, first of all, I think this is important to understand the difference because some misinformation as again, back to the tribalism point. Some people I think misinterpreted our view. We remain completely committed to the XRP ecosystem for a whole bunch of reasons. It's an incredibly efficient blockchain and obviously we own a lot of xrp. We are totally committed. As a reminder, XRP is the native token on the XRP ledger. It's required for gas reserves, a council ledger, but simply put, XRP is needed to use the XRP ledger for Ripple and how we use it in our go to market as a cross border payments. We use it as a bridge asset. It's very, very, very fast and nearly free. For kind of per transaction basis and we use it globally and where currency conversions are less popular, you know, if there's less liquidity and that way it can complement a stablecoin. So moving to the other side, Ripple has used stablecoins for years. And we were using Tether, we were using usdc. And you know, as time went by, we kind of asked our. Given how we. At one point we said publicly we were minting 20% of all USDC. And so we kind of asked ourselves, well, wait a minute, you know, could we participate in this market? And I think, you know, while I. We probably will still, you know, use other technologies at various points, I think we felt like there's a real role for us to play here. And look, stablecoins are required for on chain payments. And as more and more assets get tokenized on the XRP ledger, I think stablecoins are going to be required. And that's partly evidenced even by the Ondo announcement from earlier today.
A
Well, we have still a lot. What I was shocked to hear was not so much that they were using stablecoins, but tether and they were using 20% of all minted USDC. That's impressive. Wow. So it, you know, it's so funny because we haven't really heard this angle yet. And it makes a lot of sense that they would issue their own stable coin and they're still going to use other ones. But what are your thoughts on that?
B
Like stable coins?
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Your thoughts are that you like stable coins.
B
Stable coins are great.
A
That was your, that was your thought on that whole video.
B
I thought, okay, that is my thought.
A
Here's another one that somebody pulled off. And that last one I think might have been crypto. Eddie, I know she always pulls good stuff. Somebody that she pulled. One of these clips, you're saying.
C
I have spoken directly with the President some of these things, and it's very clear to me that the President is committed. He understands the value of these technologies. He wants to be the crypto President of the United States. And I think, you know, one of their clear priorities is to undo some of the harmful things the prior administration was doing. You've already seen the kind of rescinding of what's called SAB 121, which is about banks being able to custody crypto. That's a very big deal. I think the momentum is already there in week one. And I'm optimistic about what we're going to see ahead on the strategic reserve question, specifically. Look, there's almost two questions to think about. One, does it make sense for the US to have a strategic reserve around crypto? I think that I'm going to leave to the politicians and our elected officials to make a decision on if we want to maximize the likelihood of that. I think we want to have as much support for that. And by the way, this idea that somehow I was campaigning against a strategic reserve of crypto or even bitcoin alone is just false. It's just patently false. I think if the US Decides to do this, let's maximize what it means for crypto at large. I think this administration, whatever you may think of their particular policies, they have demonstrated repeatedly they are America first. They want to put US Technologies first, they want to put US Companies first. Particularly given how US Companies have been penalized over the last four years. I think they're signaling they want to help those companies. And so it's frustrating to see the tribalism kind of come to the fore over this past weekend. I think if a crypto strategic reserve exists, I think it only makes sense to diversify beyond just one asset. But look, I have said, as I tweeted yesterday, I think we should advocate broadly for the industry. XRP is one of those. It is inherently global, but there are obviously individuals and companies around the world that are building on the ledger using xrp, and I think that's frankly why we're having an event like today. So the last thing I'll say about this is, you know, it's interesting to me that a small country like Bhutan has already launched a crypto strategic reserve, and out of the gate, they created a basket. And, you know, that wasn't. To me, it's just like, yeah, that makes sense if you want to diversify risk. You know, any financial advisor would tell you, you know, holding different, you know, kind of a basket of assets, that's going to reduce risk and makes good sense. And again, from my point of view, if we want to maximize the likelihood of it passing through Congress and getting the President's support, I think it only makes sense to be aware of his politics and the things that he prioritizes. But hopefully we don't spend another round of fighting about that one. I hope my. My tweet yesterday kind of summarizes how I feel about it.
A
What are your thoughts, Jeff?
B
Yeah, it was kind of bizarre how there were individuals out there saying that he was against it, that he was advocating against that he was outspoken against it, and he knew it didn't mesh with everything else that he said. But that's probably primarily because there are bitcoin maxis coming out and making those statements that he's now against this, but. And then he's coming out against bitcoin. He's coming out against all of it. Obviously believes, you know, passionately also about having a reserve. And if this administration and Trump is talking about a reserve, Garland House says it perfectly. You know, it needs to be a basket of, it has to be a basket of assets. You can't just put one in the reserve, you can put dollars in the reserve because you basically control the ebb and flow of the, of the dollar for good or for bad. But if you're going to start putting gold in the reserve, you're not just going to have necessarily. Well, we stacked up a lot of gold, you know, but if you have the option, you're gonna have gold, silver, platinum, you're gonna have all sorts oil, you have all sorts of things in a strategic reserve. We had a strategic oil reserve and Biden emptied it. Now we're refilling it. So you have to have strategic reserves across the board with all sorts of different things. And you know, he's talking about a reserve of, you know, crypto assets. Why have just bitcoin? Let's leverage the world and let's make sure that we have all of them represented, at least the top X number of them, whatever that might be. You want the top three, you want the top five? If it's the top five, then it's got to be Bitcoin, xrp, Ethereum, Litecoin. Litecoin goes without saying because it's always talked about and then whatever else is up there. I don't know how litecoin always factors into the top three, but if we watch the media and the news, it's always in the top three. Even though right now it's like 20 something.
A
Yeah, but that's not reality though, Jeff. It's just not. It's just not reality. And then we have one more clip because Stu Alderotti was one of the. Sue Elderrotti, general counsel of Ripple. But listen very closely, you get some pretty nice shout outs here. This is pretty cool. Do you think the efforts of the XRP family and their voice on X helped the cause at all during the lawsuit?
D
Absolutely. It helped. I think the, the sentiments of the XRP army, they do seep out into the ether, if you excuse the expression. It. They did, I think, educate certainly those who were paying attention as to, you know, who was really being victimized by the SEC's actions. You weren't being protected by the SEC, you were being harmed by the SEC. We already talked about some, you know, specific voices. Jim Filan was great. Things were happening fast and furious, and Jim was always on top of the docket. Jeremy Hogan's videos were super educational for me. I would look forward forward to them just as much as the community would look forward to them. You've got to realize that my team and I, we were living and breathing this.
A
We.
D
When a brief got filed, you know, we live with that thing for 60 days, you know, down to, you know, every comma and every semicolon and, you know, every word choice to the point where we were so close to it. Do you really even see the forest through the trees? So I look forward to Jeremy's videos because I think he really broke it down in ways that make sense. And I think Jeremy is a super brilliant lawyer. And of course, the efforts of John Deaton, you know, John Deaton filing an amici brief with the court on behalf of six individual XRP holders educated the court, and he was able to use that amici brief as a. As an opportunity to submit thousands of affidavits from XRP holders explaining to the court why they bought XRP and maybe more importantly, the reasons that they didn't rely on in buying xrp. So I think all of that coming together was not only super helpful from a substantive standpoint, but also just from keeping the morale up. Super, super helpful. So thank you to the community. Thank you to James Filan, Jeremy Hogan, John Deaton and everybody else who have pitched in on this effort.
A
Yeah, and I just want to say too, that when I went up to the proper party, this guy right here, Rob McDermott, he wanted to host a party. He wanted to have like a pre party. We had the proper party later, but the real fun was at the pre party. So there was a lot of people that in the community we've known for a long time and who was at that particular party. That's right. Jimmy Filan was there with his wife and his daughter. And also Jeremy Hogan was there with his wife. So it was a lot of picture taken, hanging out. And then later we saw John Deaton and hung out with him. So everybody there we got to hang out with. We did see Stu there, but I don't think. I don't know. Did you get a chance to. To you get a chance to chat with them, McDermott? I hate it. I hanged with Stu at the property.
B
I chatted. Oh, you got the correct autocorrect.
A
I chatted. Off front afterwards. Yep. 10 minutes of waiting on me. There you go. We were waiting outside. Such a great guy. Easy to talk.
B
Oh, he's waiting on. He's waiting on you.
A
You're waiting on me. So I could have bet him too, but I was like. I was. I don't know. I don't know where I was. I was doing something, but who knows? I think I was trying to get some merch for Jeff because they were like giving merch and I was. And I don't know what ended up. I had a hat for you and I don't know who the hell knows what happened.
B
I got lost. Somebody stole it.
A
Oh, we wanted to breakfast. Rob and. And a bunch of guys. We. No, we went to breakfast and then I think that's where I left my hats. I think I left in there. But who knows? But it was a great time. Rob was a really cool party, man. We had that. I have really fond memories of that party.
B
That's right.
A
Pre party was good. The pre party was great, man.
B
Pre flight drink.
A
We're like, okay, we gotta leave this party because we're supposed to go to the other party. And man, that. That was wrapped around the blocks. My God, I was on a chip. I was on a 10 minute rat. No, I really wasn't ranting that night. I was being really cool. I was just being chill. I was being chill that night, man. I wasn't going too much, but I saw a lot of the not there celebrity.
B
Everybody wanted it.
A
No, nobody knew who I was. It was the best thing ever. You go somewhere no one knows. Actually a couple people yelled ships like trip and they're like, hey, that was about it. That was fun. But no, it was just. It was a lot of. It was a lot. It was all great. It really was, man. It really was fantastic.
B
Life.
A
Yeah, it was fun, man. Totally enjoyed the hell out of it. And we're coming up a year and a half ago. Can you believe that?
B
I cannot believe that was that long ago.
A
It was a year and a half was September 29th.
B
That was like six months ago of 23. Holy crap.
A
Right? I want to pull up some hearings here.
B
Yeah, before you do that, you want to see how great Trump is. This is an older video, but anyone who wants to dispute anything that this guy could do, I shut down the video audio. Look at this.
A
Is it the tennis video? Yeah, yeah.
B
I haven't seen this in so long.
A
Yeah, it's an old video, but how it started going around. He took his shoes off and he started Playing it.
B
And then he's going to take his shoes off because obviously he's gonna slide around. Watch this. He's in a suit, hitting a tennis ball in front of all those people.
A
Like Serena Williams.
B
No. Yeah, Serena Williams. No nerves like nothing. Look at this.
A
But of course she's taking it easy on him. He would he. There's no way he could return 100.
B
No. Yeah. But still, he's over here in that.
A
One in the crowd. Oops. The little backhand. I got away. That one went into the crowd, but he was having a blast out there.
B
Oh, yeah.
A
So funny how they made the rounds. I saw this everywhere. There you go. Oh, it's not heavy. But here we go. Another one. Buddy gets in there. Times are perfect. Boom. Right inside of the line. I like that.
B
That's awesome. Yeah, that's very cool. Man. This thing's going. It's going around like, I don't know, it's like.
A
I guess. I guess people never saw the original one.
B
No. It's so much fun to watch, though. It's so cool to see it come up again.
A
Yeah. So I'm gonna play. Let's see, there's all sorts of great.
B
Clips on the hearing. So we start playing these. So, Pocahontas, this woman is a nut job.
A
Listen to her interrogating RFK Jr. You.
E
Will not take a financial stake in every one of those lawsuits so that.
A
She talk like a normal person. Never like this old, frail. Hey, why she. I got a scholarship. Why can't be that person? Why is she be like. She's always unhinged. She wears these goofy ass jackets. That blue one, the purple one. I'm tired of her. Those goofy ass glasses. Oh, my gosh. She's horrible, man.
E
What you do as secretary will also benefit you financially down the line.
F
I'll comply with all the ethical guidelines.
E
That's not the question you and I, you have said.
F
You're asking me, senator, you're asking me not to sue vaccine pharmaceutical companies. Yeah, you are. That's exactly what you're doing.
E
Look, no one should. Should be.
A
You know, you notice when she ever says, look, everything comes next is complete and absolute. Okay, look. Does it all the time. Look, she's like, no, I'm not. She was. Listen, Bobby got her pissy. You're asking me not to sue pharmaceutical companies.
F
That's exactly what you're doing.
E
Look, no one should be fooled here. Secretary of hhs, Robert Kennedy will have the power to undercut vaccines and vaccine manufacturing across our country.
B
Oh, man. How Great.
A
Was that. How fantastic was that? I love every minute of that, man. It was fantastic.
B
One thing worse than the jacket is the butch haircuts.
A
The butch haircut's the worst. Here's Mark Warner going off. This is good, too. This is another.
G
Take your views seriously. And I don't reflexively vote. I voted for four of President Trump's nominees. Already got a lot of grief from folks on this panel. But I got to tell you, I saw an email that you put out Monday night or your campaign did in a funding.
A
Look at how many. Kenny wants to just kill him. He just wants to take him and he's killing him with those eyes right there. Yeah.
G
Fundraising email. Your presidential campaign celebrated that the freeze on all new regulations, guidance and announcements is a way to protect unelected from further undermining our health. Then you ask your donors to help pay for your campaign debt. Did your campaign. And you put out that.
F
I don't think my campaign exists anymore.
G
Listen, I got to tell you this. Somebody's out there soliciting money for it. Maybe you ought to find out who is. So the fact that you celebrate this.
A
It was the best thing ever. You think that's a good idea to.
G
Put all of this on hold for 90 days funding and any kind of further work? NIH research.
F
As chairman Crapo pointed out.
G
I'm not asking for I love Mike crap. I'm asking you. You're up very, very important position.
F
As he pointed out. Senator, the police that were close.
A
Closed.
F
We're not closed as a result of the trumpet.
G
Let me just tell you.
B
Wow.
A
I don't think my campaign is active anymore. He suspended his campaign last summer. This guy's going off. It's just another good example of how stupid these people are. My God. It really is. And let's see.
B
I think when Obama floated RFK for.
A
Epa Chief, there was one thing. This is. Let me just keep. Can I sum up the. What the Democrats sounded like in just one video?
B
Yeah.
A
Let's get ready to plug your ears. Okay. That's pretty much it. That's pretty much it. They're all screaming. They all got the crazy eyes. They're unhinged. Right. I mean, they're just, like, insane. But you know what, Jeff? You know what happened today that I thought was pretty weird? Like, I wasn't expecting this. This came out of, like, left field when. When Pocahontas did this. This was weird. I was like, that was so unexpected, really, if you think about it, right. Elizabeth Warren went full blown. Pocahontas I don't know what she was doing there, but that was really awkward, I thought, you know, and so when. When Bobby Kennedy Jr. Left, this was the. This is when he got up and walked out. He got huge applause. Mr. Kennedy, I look forward to working with you.
F
Thank you, Mr. Chairman, for.
B
Boom.
A
Listen to that. Nobody had that kind of. You know, how weird that must have been because, you know, his wife's not a big Trump fan. But for her to both of them sit there and have the Republicans defend. It was incredible. It was just a beautiful sight to be behold, man. Amazing.
B
It's amazing.
A
It's good. There's some more on this right here. So some more on our favorite senator we dislike. Here it is right here. Which one? Babylon B said Senators paused the RFK hearing to announce this next round of questions brought to you by Pfizer. Because you can't sue pharmaceutical companies. There you go.
B
Pfizer has all sorts of commercials on Spotify now. Whatever. Some are you 50 years and older then you're at high risk for above whatever that is. And you need to get the. The vaccine for Spotify. What's that?
A
You don't pay for Spotify.
B
We have it. We have it paid for. But trying to log in through my Sonos account and then log into that account.
A
So you just log in? Just log?
B
Yeah, log in across to every account.
A
But then you get the commercials. Who wants that?
B
Yeah. Because it's sponsored by Pfizer.
A
Asks RFK Jr. How will he address the outbreak of smallpox from white man's blankets? What? WARREN srfk. How he'll address the outbreak of smallpox from white man's blankets. That was one of the. They did back in the day. They gave this. They put. Covered it with smallpox and gave the blankets to the Indians. Try to kill them. Yeah. Look at this. Look at this. It's just insanity. He's like, she's a nut job. Okay.
B
She's so mean.
A
Isn't it crazy? I mean, then this one. There's only one more. Look. These are just the memes going around. This one here was Bishop Farmer right here.
B
Oh, yeah. Again with the Pfizer. Look at the size of that. That needle.
A
She's a bit. Anita's like, that's gonna hurt. It's gonna leave a mark for sure. There's no doubt about it. No, there were so many memes going around today. Everybody was like, it was just incredible. Then we had Alexandria Ocasio Cortez here. Jeff Stein said White House budget office officially rescinded the order Authorized a federal freeze on grants. According to the document obtained by the Washington Post. She said f around find out. But what Turns out the Caroline Levitt, who's the new press secretary, 27 years old, youngest press secretary in the history.
B
Yep.
A
She said this is not a rescission of the federal funding freeze. It is simply rescission of the OMB memo. Why? To end any confusion created by the court's injunction. The president's executive order and federal funding remains in full force in effect and will be rigorously implemented. You know you're having problems when you say according. Obtained by the Washington Post. So they're just gonna.
B
That's number one. Number two, it's coming from aoc.
A
Yeah.
B
They should put her in the ring. It's a good name for the, for our ring fight, Jeff.
A
And then, you know, it was weird today. It's like, I don't know if it was weird like Democrat Corruption Day.
B
There you go. Exactly.
A
There was something going on today. Yeah, that's why I said Mark Dice does that. And yeah, Dice, he was. He had a great video today. Do this one. Look at this right here. We got. Here's some breaking news, Jeff. I don't know if this is corrupt Democrat there what's going on, but look.
E
At this breaking news. Senator Bob Menendez, a former senator from New Jersey, convicted on extortion, conspiracy and obstruction and acting as a foreign agent after a sensational trial, has now just been been sentenced to 11 years behind bars. According to our reporters inside the courtroom. We have Danny Savalos here with us. Who can help us understand this, Danny, sort of understand this is such a big deal.
B
He went to jail.
A
You know what the best part of it was? Menendez, when he gave. He went to the mic and he said, President Trump was right. This is absolute injustice. Now he's a Trump supporter. President Trump needs to clear this, this injustice up.
B
All coming out of Trump support.
A
I mean, really, how do you like this?
B
Elon Musk posted This number of genders 4004 BC to 2020 AD 22021 to 202473 present 2.
A
Well, they started that back in the Facebook's the one that came up with the 57 genders back in 2009 or whatever was Obama. Yeah.
B
You know who else thought there was 57 or something?
A
Yeah, Obama thought there were 57 states. Nut job. Look at this right here, Jeff. Breaking Chicago's inspector general just released a report stating that Mayor Johnson's office accepted gifts including jewelry, handbags and alcohol on behalf of the city without publicly reported.
B
On behalf of this city.
A
The city's going to take these into good hands. What is the city going to do with alcohol?
B
Yeah, the city is going to take these home and drink them.
A
The mayor's office refused to make the mayor's gift room available for inspection. He had a gift room, Jeff? Yeah, seems.
B
Yeah. Oh, yeah, he has a gift room. You know, the problem is nobody learned from Kwame Kilpatrick. Like, all you have to do, you're in Chicago. Look at what happened in Detroit. Look at what happened to Kwame Kilpatrick. You're going to go down the same path. It goes down a very similar path. You don't think they're gonna come for you.
A
You know who pardoned Kwame Kilpatrick?
B
Trump.
A
Donald Trump. You know, who supported him.
B
Had a whole turnaround after prison and going back to jail and all that stuff.
A
Yeah. And so this was interesting, Jeff, this is. This is Nicole Shanahan. She was Bobby's running mate. And I'm not going to get the whole video. It's kind of long. But basically she says, go ahead. She goes, bobby won't play nice, we'll play nice, but I won't. She's a billionaire, number one. She goes, I will primary everybody who votes against them. It'll be my new life mission. So go ahead, take a shot. A Roseanne bar jumped in. She says, I'll organize everyone I can, too. We're not around anymore. She says, so that's pretty much how it went down. And then she went out.
B
Every day, every day people are coming out, just winning.
A
Look at this. McConnell call this number. Lindsey Graham, Lisa Murkowski, Collins Cassidy, Thom, Tillis, Langford. So look at all these Republicans. I mean, I'm sorry, Rhinos. Here they are. Cory Booker Fetterman. Fetterman is a weird one, too. Bernie Sanders was had a warming. Yeah.
B
But betterment is strange on the sides that he comes down on, you know, just doesn't make.
A
So one of the things she says in that video is she said that she poured a ton of money to get or Ossoff and Warnock elected in Georgia. But I have a feeling that her money didn't go as far as the corruption that happened. Sure. So overwhelmingly the Republican governor was elected, but everybody else in the down ballot because everybody thought he was competent enough and popular enough, which he's not. But let's go ahead and vote us off and Warnock in. That was just another travesty. Jeff.
B
Yeah, I don't know what's worse. The people electing AOC two times or electing Marion Barry two times. Thanks. Democrats.
A
Yeah. Marion Barry. Yeah. Yeah. The guy was blowing, you know, doing the lines of coke. And he became mayor again. I mean, it's incredible what you can do if you think about it.
B
You know who else did in a. In a hotel room with prostitutes? I was. The guy was running against Desantis the first time around.
A
Oh, yeah, that guy.
B
Nobody remembers his name but that guy.
A
This is worth seeing one more time, Jeff, which is one more time I'll.
F
Comply with all the ethical guidelines you.
E
And I, you have said.
F
You're asking me, Senator, you're asking me not to sue vaccine. Yeah, you are.
A
No, that's exactly what you're doing. He was fantastic. He was fantastic. No, I am not. You want to see what the former Ken, former president of Kenya was saying about Trump's culting for.
B
It came out. It came out strong today.
H
Crying. Oh, I don't know. Trump has removed money. He said he's not giving us any more money. Why are you crying? It's not your government. It's not your country. He has, he has no. He has no reason to. To give you anything.
A
Right?
B
I mean, I love this.
H
You don't pay taxes in America. He is appealing to his people. This is a wake up call for you to say, okay, what are we going to do to help ourselves instead of crying. What are we going to do? What are we going to do to support ourselves? Because nobody is going to continue holding out a hand there to give you. It is time for us to use our resources for the right things. We are the ones who are using them for the wrong things.
A
Damn, that was spot on right there, man. Right? So you don't pay taxes and give you money. It keeps putting the hand out. What do you think? What do you think you're gonna get pull out of this whole thing? I mean, this is really well done, man.
B
Awesome.
A
Kind of love that.
B
We're waking up. Let's make. Make Kenya great again.
A
There you go, dude. Make it all work, Jeff. And here we are. We're at almost door. Time to draw the yeti. Let me go ahead and get this sucker ready.
B
Ready to draw this bad boy. You know it's going to take everybody like 20 minutes to get their wallet ready.
A
No, guys have your wallet. Don't even. We only have eight, so this would be fast. Yeah.
B
Oh, come on. Eight? Are you serious? There's only eight people. Come on.
A
That's it.
B
Everybody throw their yeti in you've got like 30 seconds. 60 seconds. Well, wait until it says 54 on our clock. That's right. Yeti. It was yeti and a speedo.
A
Speedo.
B
Proper name, Jeff. Speedo. What did I call it?
A
A belt.
B
It is a belt. It is actually a belt because you can see it goes to a point. It says.
A
Yeah, I don't know.
B
It's guarding his nuts. Well, if you're out on the battlefield and he got no clothes on or armor, you don't want to get kicked in the nuts.
A
That's true.
B
Guys gotta cover.
A
He's got a man purse. Is what his marksman calling. That's a tribal speedo. That's for sure. It's not your typical speedo.
B
It's a yeti purse. It's a yeti bag.
A
It's a yeti. There you go. Whoa. Hang on now. Okay, guys, we have 13. I'm getting ready to draw. If you don't type Yeti. Now I'm drawing. Forget it. This is gonna be.
B
One is not in my army.
A
Kick the. Kick them out.
B
See that? A tribal jock strap. See that?
A
By the way, I think you have. Do you see Trump signed an executive order to send the illegals to Gitmo. 30, 000 of them. I think we're going to see a lot of people self deporting, Jeff. I think it'd be like, do I want to end up in Gitmo or do I want to go back and be a criminal in my own home country? You know, because once you get in the gimmo, man, nobody knows how that works.
B
You don't ever leave.
A
I think this is a. I think there's a wake up call to self deport because you don't want to wake up. Okay, let's go. This is it. Nobody else typed in. There we go. That one's smiling too much. There is something, right?
B
No, he's not even. He's got like that look in his eyes.
A
Yeah, it's buried behind his behind. All that fur. You can't see. All right, 13 guys. Ready? Here it goes. Let's go. Get your salmon wallet. Ready? One in 13. Chance to go. Hey, let's go. We go.
B
Let's roll it.
A
Let's go. Let's see who's gonna win. Let's see who's gonna get it.
B
And.
A
Chad nauseam wins. Chad, you here? I think you're still here. Chad, are you here?
B
Tribal speedo.
A
There you go. Do you want a tribal speedo? You won the tribal speed. Of course it had to be. It's destined to be, Jeff. Chad, get out your wallet. We know you got it. There's a yeti right there.
B
Dad, you won your. You want the Speedo? We're not gonna. We're not sending you the. We're sending you the Speedo. What was that?
A
Boink, boink. This is the Speedo doing a dance. I don't know.
B
I will wear it with pride.
A
Yeah, I'm right. You will.
B
That guy's kick ass though. Look at that.
A
He's pretty kick ass. He's one of the kick asses. Yeah. Speedo. Yes.
B
Look at that.
A
What I want to know is you think. Do you think that Chad's gonna change his. You think he's gonna change out this. This mentalist for the speedo wearing ass kicker from the white One of the most.
B
He's got one of the most badassery of mentalist. True now, but now you got. You gotta Speedo. We got the badassery of the speedo wearers, so. Look at that guy.
A
Dude, we need your wallet. Chad, we need your wallet. Boss.
B
Might have already been posted in the tube.
A
Was. Did you already post it? I don't know. There you go. Did you already post it or.
B
No, you might want it to the YouTube.
A
Let me see the YouTubers.
B
The YouTube. The YouTube videos.
A
I'm trying to find it. Let's see live and aoc. Chaos C aoc.
B
It's in the game.
A
All right.
B
What was I looking for? Oh, our channel.
A
Let's see.
B
Sidetracked.
A
There it goes. I just said there he has it right there. See it?
B
I will when I get logged in here.
A
I'll pass it to you on the. In. In the inside chat here.
B
Oh, you grabbed it already.
A
Yep.
B
Oh, there you go.
A
I already grabbed it, man.
B
It's in the chat.
A
It's in the private chat.
B
See it? Oh, there it is.
A
Starts with an RH and ends with the VTH rh. Yep, that's it.
B
Boom. Transfer. Boom. Posted. Gotta remove that. I don't know what happens with the QR code. If I'm assuming you can't really do anything with it because all I'm doing is authorizing it through the QR code that then sends it. I don't know if someone else scanned the QR code. If anything happens.
A
I don't know.
B
Not gonna risk it.
A
Yeah.
B
So boom.
A
Saved and sorry.
B
And it is on its way just like that. I gotta verify it with a fingerprint.
A
Yeah.
B
One in 15 chance submitted. Verifying and.
A
Fantastic.
B
Chad is now the Winner of a brass.
A
He's the owner of a speedo, boy Speedo.
B
Owner of a Speedo.
A
Sir Loyngirdor. Oh, God. It was a good laugh here tonight. And the nails, very. Those aren't nails, dude. They're claws. Put that back up there. Dude, you just deleted it. I wanted you to put it back up. Oh, dude, all those nails. They're not nails, dude. Those are claws. Those are ripple holes.
B
They're badass claws. Those are the claws of badassery.
A
Zoom in on those. Look at the feet. Rip you up, man. Zoom in on that.
B
Look at this. Look at those claws. Look at that. They're all gnarly nails.
A
Holy tails. Those are some nose going on there.
B
So a koala knows the badassery.
A
He might be press on nails.
B
It might be press on nails for all we know.
A
Damn it. I'm an elder and I know nails when I see them. There you go. There you have it, man. All right, well, here's what we got to do now. We posted it twice. Yeah, we don't always see it. We got a delay over here. So that's what happens. So that's it, guys. That's it. We are right about one hour exactly. We're gonna get out of here. We'll see you guys the next one. Saturday morning.
B
Saturday, Saturday.
A
Jeff are out. See you guys on the next one. Are you down with otc?
B
Please like, subscribe and click the bell.
E
To be notified when the next video drop.
Podcast Summary: "Ripple's Big Moves 🚀 RFK Jr. Exposes Pocahontas 🚀 Fed Chair - More Crypto Debanking! 🔥"
Introduction
In the January 30, 2025, episode of "On The Chain - Blockchain and Cryptocurrency News + Opinion," hosts Jeff and Chip dive deep into the latest developments in the blockchain and cryptocurrency landscape, with a particular emphasis on Ripple (XRP). The episode navigates through significant news, including Ripple's strategic initiatives, the high-profile RFK Jr. hearings exposing Elizabeth "Pocahontas" Warren's ties to big pharma, and the Federal Reserve Chair Jerome Powell's stance on crypto debanking. Throughout the episode, the hosts blend serious analysis with lighthearted banter, keeping the conversation engaging for both newcomers and seasoned veterans in the digital asset space.
Key Topics Covered
Ripple's Global Reach and Technological Advancements
Jeff and Chip commence the episode by highlighting Ripple's recent endeavors to expand its global footprint. Ripple has been actively hosting "Spaces" on X (formerly Twitter), featuring key figures like David Schwartz, Ripple’s Chief Technology Officer, and Brad Garlinghouse, the CEO. These sessions aim to foster community engagement and discuss the future trajectory of XRP and the broader blockchain ecosystem.
Brad Garlinghouse on Maximalism vs. Multi-Chain World
A significant portion of the discussion centers around Brad Garlinghouse’s remarks on maximalism in the crypto industry.
Brad Garlinghouse (@BradGarlinghouse) [05:48]:
"The crypto industry has a real shot here and now to achieve the many goals we have in common if we work together instead of tearing each other down. This is not and never will be a zero-sum game."
Jeff and Chip praise Garlinghouse for his forward-thinking approach:
Jeff [05:50]:
"That's an incredible take. Moving away from maximalism towards a multi-chain approach is what the industry needs right now."
Key Insights:
Expose of Ties to Big Pharma
The hosts address the recent RFK Jr. hearings where Elizabeth Warren, affectionately dubbed "Pocahontas" by critics, faced intense scrutiny over her alleged ties to big pharmaceutical companies. The episode captures the tension and controversy surrounding these hearings, highlighting the polarized political climate.
Jeff [36:57]:
"Listen to her interrogating RFK Jr. She's always unhinged. Those goofy glasses and jackets—she's horrible."
Community Reactions: Jeff and Chip express strong opinions about Elizabeth Warren’s conduct during the hearings, portraying her as overzealous and disconnected from the community's sentiments. This segment reflects the hosts' frustration and the broader community's skepticism towards Warren's motivations and actions.
Jerome Powell's New Position on Crypto
A pivotal moment in the episode is the discussion of Federal Reserve Chair Jerome Powell's statement regarding crypto debanking. Initially perceived as a crackdown on crypto-friendly banks, Powell's remarks have been reinterpreted as potentially favorable towards crypto institutions.
Federal Reserve Chair Jerome Powell [19:10]:
"Banks are perfectly able to serve crypto customers as long as they understand they can manage the risk."
Analysis by Hosts: Jeff and Chip interpret Powell’s comments as a shift towards embracing crypto innovation while maintaining regulatory oversight.
Chip [20:21]:
"So Fed Chair Powell is signaling that banks can cater to crypto customers without fear of being debanked, provided they manage risks effectively."
Impact on the Crypto Market:
Listener Shout-Outs and Personal Stories
The hosts engage with their community by sharing listener shout-outs from various locations, including Kansas, Florida, and New Jersey. These segments foster a sense of community and highlight the podcast's global reach.
Jeff [02:22]:
"Justin is cruising to the Super Bowl again. Bill sucked. Lost. I kicked all my friends out of the house after the game!"
Football Game Reactions: Specific anecdotes about a disappointing football game reveal the hosts' camaraderie and ability to weave in personal experiences with technical discussions.
Community Mobilization During SEC Lawsuit
A significant segment of the episode honors the efforts of Ripple’s legal team and the broader community's support during Ripple's lawsuit with the SEC. Stu Alderotti, Ripple's General Counsel, shares insights on how community advocacy played a crucial role.
Stu Alderotti [30:20]:
"The sentiments of the XRP army educated the court and kept morale high. Contributions from community members like Jim Filan and Jeremy Hogan were invaluable."
Key Contributions:
Community Impact: Jeff and Chip commend the community's resilience and strategic support, emphasizing the importance of solidarity in overcoming legal challenges.
Yeti Drawing Contest
Injecting some fun into the episode, Jeff and Chip host an interactive segment where listeners participate in a yeti drawing giveaway. This segment showcases their playful side and enhances listener engagement.
Jeff [55:22]:
"Let's roll it. Chad, you here? Tribal speedo—destined to be you!"
Winner Announcement: Chad wins the tribal speedo-themed drawing, adding a light-hearted conclusion to the segment.
Chip [56:24]:
"Look at those claws. That's badassery."
Critique of Democratic Figures and Policies
The hosts extend their commentary to broader political issues, expressing strong opinions on various Democratic figures and policies.
Jeff [43:56]:
"She's a nut job. She's horrible, man."
Menendez Conviction and Political Hypocrisy
Discussing Senator Bob Menendez's conviction, the hosts highlight perceived hypocrisies within Democratic leadership.
Jeff [46:52]:
"Menendez said, 'President Trump was right. This is absolute injustice.' Now he's a Trump supporter—what a twist."
Social Media and Memes: The episode is peppered with discussions about current memes and viral content, reflecting the hosts' engagement with online culture.
Chip [47:09]:
"They started that back with Facebook's 57 genders idea. Obama thought there were 57 states—nut jobs."
Elon Musk and Gender Discussions: Comments on Elon Musk's posts and discussions about gender diversity underscore the hosts' critical stance on social trends.
Jeff [51:16]:
"Those are some gnarly nails. He's a bad-ass claws of badassery."
The episode of "On The Chain" masterfully navigates through a myriad of topics, from Ripple's strategic advancements and community support amidst legal battles to high-stakes political hearings and regulatory shifts affecting the crypto landscape. Jeff and Chip balance in-depth analysis with entertaining banter, ensuring the content remains both informative and engaging. Notable quotes from industry leaders, coupled with the hosts' candid perspectives, provide listeners with valuable insights into the evolving world of blockchain and cryptocurrency.
Notable Quotes:
Brad Garlinghouse on Maximalism [05:53]:
"Maximalism remains the enemy of crypto progress. And I'm very glad to see fewer and fewer folks subscribe ascribe to this outdated and misinformed thinking."
Jerome Powell on Crypto Debanking [19:10]:
"Banks are perfectly able to serve crypto customers as long as they understand they can manage the risk."
Stu Alderotti on Community Support [30:20]:
"The sentiments of the XRP army educated the court and kept morale high."
Chip on Multi-Chain Future [20:21]:
"Fed Chair Powell is signaling that banks can cater to crypto customers without fear of being debanked, provided they manage risks effectively."
Jeff on Fed Chair's Shift [20:45]:
"You think my professor is Gary Gensler—holy God, is that horrible."
Closing Remarks:
As the episode wraps up with the Yeti drawing segment and a nod to upcoming content, Jeff and Chip reinforce their commitment to delivering high-quality, fact-based discussions sans the hype. Their blend of technical insight, community engagement, and political commentary ensures that "On The Chain" remains a valuable resource for anyone interested in the future of blockchain and digital assets.
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