RLUSD Breaks Into Wall Street | SEC Begs Crypto | Trump Redraws the Map

Summary

Podcast Summary: On The Chain - RLUSD Breaks Into Wall Street | SEC Begs Crypto | Trump Redraws the Map

Date: August 21, 2025
Hosts: Jeff & Chip

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Episode Overview

In this "On The Chain" episode, hosts Jeff and Chip cover a dynamic mix of headline digital asset news and vibrant political commentary, blending major crypto industry advancements with ongoing regulatory debates and a sharp look at current geopolitics. Notably, they dive into RLUSD’s move onto Wall Street, the SEC’s unusual outreach to the crypto community, and former President Trump’s global maneuverings. The episode features in-depth discussion of TRM Labs’ Beacon Network, the integrating of stablecoins in IPOs, regulatory overreach, and social transformations, all delivered with OTC’s signature irreverence and community banter.

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Key Discussion Points & Insights

1. TRM Labs' Beacon Network: Real-Time Crypto Crime Disruption

Timestamps: 03:10–11:32

• Beacon Network Explained:
  • TRM Labs introduces Beacon Network, a real-time crime response platform for tracking illicit funds across the blockchain.
  • Law enforcement flags problematic addresses; as funds move, exchanges are alerted in real time, allowing them to block or freeze assets before criminals cash out.
• Ripple's Role:
  • Ripple is highlighted as a founding member. Other big players include Stripe, Kraken, Crypto.com, and many more.
  • Andrew Rosenberg (Ripple Head of Financial Crimes) features in the promo:

    “There’s no program like Beacon Network. It really is an early warning system to support law enforcement in its efforts to freeze illicit funds and ensure we get those funds back to victims.” (04:52)

• Implication for Mainstream Adoption:
  • Hosts argue that such compliance and fraud response tech is key for mass crypto adoption. Both recognize the tradeoff between decentralization’s ideals and the practicality of consumer protection.
    • “To get to mainstream adoption, this was the next step without making all the theft searchable... to have it really as a disruptor, I think is really key at this point in time.” (08:39 – Jeff)
  • B2B Focus: Beacon isn’t for retail, but exchanges and protocols.
  • Stats Shared:
    • $1.5M flagged/frozen, $800K recovered in pilot
    • 100+ scam attempts blocked via a bridge protocol.

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2. RLUSD Goes Wall Street: Stablecoins in Major Financial Rails

Timestamps: 14:08–15:11

• IPO Proceeds in Stablecoin:
  • Bullish’s $1.1B IPO settled partially in RLUSD (Ripple USD), the first use of a stablecoin for IPO proceeds in the US.
  • Ripple’s Jack McDonald touts this as a compliance milestone and expects floodgates to open:

    “Watch this space, huh? Shit’s about to heat up.” (07:24 – Chip reading Jack McDonald)

  • Jeff points out it wouldn’t have happened pre-Genius Act. (15:04)
• Implications:
  • The event is seen as a precedent-setting move for broader on-chain settlements in TradFi.
  • Stablecoins now recognized as “gold standard” for compliance.

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3. The SEC (Still) Doesn’t Get Crypto

Timestamps: 15:11–24:16

• SEC’s Outreach Confusion:
  • Hester Peirce (“Crypto Mom”) invites early-stage crypto projects to meet SEC in LA.
  • Chip sharply questions the logic: “Why are they meeting at all? Why is the SEC meeting with crypto projects? That's not in their DNA...” (16:38)
• Mission Statement Breakdown:
  • Review of SEC’s mission—protecting investors, maintaining fair/efficient markets, facilitating capital formation.
  • Hosts argue the SEC strays far outside its remit by attempting to regulate via policy meetings and a new "crypto task force,” rather than abiding by Congressional rule-making.
  • Notable Quote:

    “Your mission is protecting investors… why are you meeting with crypto projects?” (19:18 – Chip)

• Legislation vs Regulation:
  • Once clear crypto legislation is passed, hosts assert crypto oversight will shift from SEC to CFTC; SEC's attempts to make rules now are off base.

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4. Global & Domestic Politics: Trump, Regulation, and European Shifts

Timestamps: 25:02–67:42

• Trump “Redraws the Map”:
  • Commentary on Trump’s meetings with Putin (in Alaska) and Zelensky/media hubbub at the White House.
  • Comparison of Trump term 1 vs 2—iconic group photo breakdowns, leaders “lined up like good little boys and girls.” (26:29)
• Political Satire & Culture:
  • Critique of iconic US brands rebranding (Cracker Barrel), TV show “wokeness” (Quantum Leap).
  • Mocking media narratives around politicians, including Joe Scarborough’s take on Democrats fighting culture wars instead of addressing cost-of-living issues.

    "You're trying to do everything to distract the American people from the fact that you're screwing up on jobs..." (50:03 – Joe Scarborough)

  • Lampooning European/UK policies—from Macron’s marital details (parody) to London’s flag “battles.”

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5. Societal Shifts & Grassroots Backlash

Timestamps: 65:00–68:42

• AI and Storytelling:
  • Played an AI-generated video about the shift from gold standard, connecting it to rising debt, inflation, and deteriorating social norms. (60:43)
• Rally Backlash & Identity Politics:
  • Noted a Minneapolis mayoral rally held entirely in a foreign language and lacking American symbols, reflecting growing identity tensions. (57:04–60:21)
• UK/Europe Concerns:
  • Discussion of new policies such as mandatory 24-hour freezes on bank transfers over £800 (69:07–70:19), and broader warnings about social and demographic transformations in major cities.

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Notable Quotes & Memorable Moments

• On Beacon Network/Compliance:

  “Institutional grade custody for consumers is paramount. It’s a must, I think. So I’m surprised really nothing geared towards that, where somebody partners with all the banks...”—Chip (13:19)

• On SEC Regulatory Overreach:

  “This is dumber than dumb. This is the dumbest thing I’ve ever seen in my life…” —Chip (21:40)

• On Stablecoins in IPOs:

  “This is the first public listing to bring the settlement process on-chain and sets precedent for how stablecoins can shape the future…” —Ripple, read by Chip (14:08)

• On Political Satire:

  "Look at them, they're all sitting like good little boys and girls... school's about, like they're about to get schooled, class is in session." —Chip (26:29)

• Social Commentary:

  “People played video games. Gambling, antidepressants… Family games. Divorce rates doubled. Birth rates plummeted. Things got so bad, people started financing Chipotle.” —AI character in gold standard skit (62:10)

• International Policy Backlash:

  "Sir, Keir Starmer has confirmed that from October 1, any bank transfer over £800 will no longer move instantly. Instead it will be frozen for 24 hours." —J (69:07)

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Community Interaction & Miscellanea

• Show features ongoing off-topic banter, music breaks (AI music project debut), and an NFT giveaway contest for listeners ("Badass Yeti").
• Recap of listener comments and inside jokes (Beavis & Butthead references, BG123 XRP meme lore).

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Conclusion

This episode offers a comprehensive, sometimes irreverent sweep of current events in crypto, regulation, and politics, bringing sharp critique, humor, and deep community engagement. Key highlights include a walk-through of big steps towards compliance and adoption in crypto (Beacon Network, RLUSD’s institutional use), a callout of regulatory mission creep, and a look at the ways crypto intersects with—and is shaped by—wider sociopolitical change.

Transcript

[A]

Welcome to on the Chain. This is Jeff here with cohost Chip. What is going on? Chip, what's going on? Everybody out there in the on the Chain community, you know who you are. Today we are going to dig in. We're going to talk about the RL USD breaking into Wall Street SEC begging the crypto community and Trump redraws the map. A lot of things going on around the world and we're going to get to all of it. Everything that's happening in the crypto space and everything that's happening in geopolitics in one hour. And if we don't, well, that's how it goes. But we're gonna.

[B]

I don't think it's gonna be everything. Some things, not everything.

[A]

Probably not gonna be everything. I'm gonna cover some of the things. There's a lot to talk about. Looking forward to it. We're gonna dig into this thing. I'm gonna dive in. Head first for maximum. Into the shallow end, for maximum impact. For maximum impact, into the shallow ones. Can't even get that down.

[B]

Head first in the shallow end for maximum impact. Let's go. Welcome to on the Chain.

[A]

Look at that. What is up, everybody? Jason Yarrington. Let's go. Come on.

[B]

Let's go, people. Let's do it, guys. Drop where you're coming in from. Look at this. Vince Scully says, so lonely. Feel like a tunnel that could fit 14 dump trucks full of gold bars. I swear that's not a movie reference. Sounds like a movie. Restaurants.

[A]

Jim D. Said he wasn't a show tonight, but yet that reminder went out like 40 minutes ago. An hour ago.

[B]

Tampa bound on Friday. Let's go.

[A]

Jason is in Michigan.

[B]

What's up, y'? All? Celebration in the house. Michigan. A lot of Michigan. A lot of Michigan.

[A]

A lot of people tune in here from Michigan.

[B]

Vincent Capisi. There you go. Atlanta. ATL in the Atlantic in the office chair doing some work, no doubt.

[A]

All right, we're coming in from Oregon. There you go.

[B]

That's how you go. Oregon.

[A]

Oregon at El Hefe and Michigan, man, we've got a lot of Michigan connection. Michigan, Florida, I think overrules the rest of the US that just seems to be the balance of viewership. Balance of viewership. A lot of people from Michigan, a lot of people from Florida.

[B]

Yeah.

[A]

Christopher coming in from Oregon.

[B]

Oregon. Oregon, baby.

[A]

All right, what are we going to cover today?

[B]

I think we're gonna jump into it.

[A]

Other than what I said. We might cover the full broad spectrum.

[B]

What are we actually going to cover?

[A]

Let's talk about xrp, might talk about the ro, USD might talk about the SEC begging crypto companies to come in and help. And then.

[B]

That's right, we might do that.

[A]

A lot of geopolitics first we're going.

[B]

To talk about this. We're going to talk about Beacon TRM Labs. This is something that's very cool. I was really glad to see this when I came out the Introducing the Beacon Network. It's the first real time crypto crime response network. Exchanges, issuers and law enforcement can now trace funds instantly and act before criminals cash out.

[A]

Look at that.

[B]

Whoa. Hey now, that's huge. Hey now. So let's go ahead and play this video and learn a little bit more about it.

[A]

All right.

[C]

Over the past year, criminals have stolen over $20 billion of cryptocurrency from victims all around the world through scams, ransomware attacks and hacks. At trm, we specialize in working with law enforcement to trace and recover those funds. But there's a big problem. Crypto moves at the speed of the Internet. By the time investigators trace stolen funds to an exchange changed, it's often too late. The criminals have already cashed out. The reality is we've never had the technology nor the connectivity needed to move as fast as the criminals until now. For the past six months, we've worked alongside dozens of partners across the crypto industry and dozens of law enforcement agencies all around the world to create Beacon Network, the first ever real time crypto crime disruption network. Here's how it works. Vetted investigators from law enforcement agencies flag addresses holding illicit funds. As the funds move, TRM automatically propagates the flag to downstream addresses in real time. If the funds reach an exchange, Beacon Network sends an immediate alert, giving exchanges the chance to work with law enforcement to stop the off boarding of illicit funds.

[B]

Beacon Network is the first public private.

[D]

Communication network for Web3 incident response, which is very exciting.

[A]

It's always important to try to be one step ahead of the criminals and rapid information sharing promotes that goal. There's no program like Beacon Network. It really is an early warning system that enables us to support law enforcement in its efforts to freeze illicit funds and ensure that we can get those funds back to victims.

[B]

It will give you a level of visibility and shared intelligence you simply wouldn't have on your own.

[A]

We think it's critically important to have in place robust private public partnerships.

[B]

Joining Beacon Network is a great way.

[D]

To contribute to a safer crypto ecosystem.

[A]

So I'd encourage every compliance and business.

[B]

Leader in crypto to step up, get.

[A]

Involved and be part of the solution.

[C]

This is what real time crypto crime response looks like. It's working and it's growing. Beacon Network is live, it's free to join and it's already helping us stop.

[A]

Illicit funds before they move.

[C]

I hope you'll join us.

[B]

I like that. Who's that last dude down there from Ripple? I've never seen this guy before. This guy here, Andrew Rosenberg, head of Financial Crimes compliance at Ripple.

[A]

Nice.

[B]

It's probably why we've never seen him before because there's never been a reason to see somebody from the Financial Crimes compliance side of the house. So that's kind of cool.

[A]

So I'm looking up, I found TRM Labs. Problem is.

[B]

Well, hang on a second, we'll get to that. We're going to get to it. Hang on.

[A]

Fun is I found Beacon Network.

[B]

No, no, hang on. I want to.

[A]

I want to run through the Beacon Network genetic mutation.

[B]

Yeah, I got an order to this, son. Hang on, let's just. Wait, give me a second here. Let's run through. I want to run through some stuff and I've got it pulled up here as well.

[A]

Beacon Networks.

[B]

So jump ahead of the.

[A]

It's a different Beacon Network though.

[B]

Yeah, that's not it. That's what I was saying.

[A]

I know, it's my point. They talk about the Beacon Network and the wrong Beacon Network is searchable.

[B]

Yeah. So Ripple joined it. They're a founding member of the TRM Labs Beacon Network. So they're working with industry law enforcement. Beacon helps stop illicit funds before they hit the blockchain. And Then here's Jack McDonald from Ripple. He is the CEO of Standard Custody over there. Ripple USD on XRPL is only becoming more integrated in traditional financial rails from its usage as good collateral to cross border settlement. And now for the first time, as IPO proceeds payments even more. The Genius act passed our USD repeatedly recognized across both crypto and trade. FI is the gold standard in compliance. And now the floodgates are opening. Watch this space, huh?

[A]

Shit's about to heat up.

[B]

Yeah, well, he's talking about this bullish one. I kind of got ahead of myself. I wanted to. What I wanted to do was get the trm because this is it, Jeff. It's weird. It's on the TRM network. If you look up Beacon, you get something else. So. But this is kind of it right here. The, this is the thing. Forensic triage, all that stuff. It's interesting because look at the players here. You got like stripe Kraken, Ripple, Zodiac, Crypto.com, anchorage, Bitfinex, HTX, Polynex, they're all there. A lot of involvement, a lot of big exchanges. But I think more have to join. Like, they got to get more compliant. They have to get more people across the board. Rhino, Phi.

[A]

Matt's saying that Beacon Network was Doe Kwan's network.

[B]

Yeah. The other Beacon Network was when you found. Yeah, there's no Quan in prison yet. Remember how he used coin spots on here? It's from Australia. You get Shamrock. So they, they're launching with a lot of players, but it'll be interesting to see how it works. I mean, how it really works. And there's the dude from. I was gonna play this. This is kind of boring. It's like listening to an attorney talk statements from everybody that you saw, each one of them.

[A]

It's really a big deal. I mean, you know, we think about, to get to mainstream adoption, this was the next step without, you know, making all the theft searchable. If it, you know, if you have to go through forensic, you know, audits, through whatever type of, you know, so there's software companies out there or companies out there that can track down, you know, criminal activity and things like that. But to have it really as a disruptor, I think is really key at this point in time. A lot of scams that are out there. A lot of money stolen. A lot of exchanges hacked.

[B]

So who bought the dip? Anybody? Who bought the dip? Anybody brought the dip? Who bought the dip? Corey's in there yet high. Guys, we got two entries in there. We're giving away a badass yeti NFT tonight. We'll play the promo. We'll roll that a little bit later. But so look at this, Jeff. This is interesting. 1.5 million flagged and frozen. Law enforcement agency traced funds linked to a global scam through Beacon Network. They alerted exchanges in time to help freeze 1.5 million before it could be withdrawn. 800,000 located for recovery. Should be a little more than that, don't you think? 1.5 seems slow because the billions of dollars have been erased.

[A]

Big numbers.

[B]

A bridge protocol using TRM's API blocked 100 attempts from flagged scam addresses. Scam shut down mid flight. It's kind of good and bad, right? It's like, you know, are they going to miss some things here and there? Are they gonna think other people are scamming when they're not? Somebody gonna report other people? I don't know. It's, it's. Let's See how this rolls out.

[A]

We gotta, we gotta let it roll out. We got to see how, how things come together. You know, I think that's going to be key.

[B]

And it was misleading in the, in the video where he was saying, you know, join us. Is he talking about. It sounds like he's talking B2B on that one. Like, hey, if you're an exchange, join us. But it's not really, it was a mixed message because part of it was talking about how it's consumer based, where it helps consumers and fraud and the other part of that was, well, join us. And you're thinking, okay, do I sign up for this somewhere? I don't, I don't think so. I think he's more talking about the exchanges because if you choose your level of access, you can receive essential alerts on illicit funds interacting with your platform. Right. So that's a B2B move. If you're a partner, you can access comprehensive intelligence including all tagged addresses and historical data. And then on the defi side you can get, you can block high risk wallets in real time and stop illicit funds. You know, it's, it's a gray area, Jeff. If you think about it, the whole idea of decentralization is to not have intermediary third parties. But then the other part of that is people getting scammed. It's not a good thing.

[A]

Yeah, I think 100 DeFi is unrealistic at this stage, you know, with, in terms of mainstream adoption. To get mainstream adoption you need these, you know, kind of babysitting nuances. Just the reality of it, it's a mat. It's like keeping your crypto offline, cold storage on a thumb drive or you know, doing something that's any, any way of storing your crypto asset off of an exchange. The majority of the population isn't going to be into that, you know, there's no way they're going to take the risk. It makes it a lot easier to have the, the babysitter component, to have the crypto exchange or the bank or whatever it is, custody or asset. If you know that, that that exchange is not going away or your bank isn't going away and there's methodology to custody it and there's a network that will prevent any type of thievery or theft, you know, from the exchanges. Really it's up to the exchange. There has to, we gotta have also have to get to a point where there's some form of insurance backing the assets that are sitting on an exchange. Otherwise if there's really no protection. Then maybe you do keep it offline. Cold storage. But if you keep it cold storage, then you're a hundred percent responsible for it. So you don't need theft to lose your asset. All you have to do is just lose your keys and then you're screwed. Then you have no access to your. But if you click on a fine balance of everything, click the weird link and you're screwed too.

[B]

I mean, so that's the problem is like they break into your computer, then you're. You're done too. It's just, man, I keep it in.

[A]

The bank for custody. It makes more sense.

[B]

It's institutional. Because custody, institutional grade custody for consumers is a. Is paramount. It's a must, I think. So I'm surprised, really nothing geared towards that where somebody go part partner with all the banks and say, hey, we'll be your custody partner. You guys can offer this. We'll build the interface. People can buy crypto, go to the bank, and then the bank has a tab and it says, buy crypto. And they take a little piece of that. So they're generating money. It's done through an exchange. Even though it happens on their website, it's really going through an exchange. They're making a small little fee on it and then they're charging for the custody side. They can charge, you know, I don't know, 20 bucks a month, 30 bucks, depending on how much crypto you're storing. And it's another money opportunity for the bank to, to cash in on. So that's the way it works, man. That's the way it works.

[A]

That is how it goes.

[B]

That's how it goes and how it goes. So I want to kind of get ahead of myself, but this is bullish. Remember, the IPO'd bullish arranged to have their $1.1 billion. Jeff, let's say that again. 1.1 billion of proceeds from the recently completed initial public offering in stable coins. This represents a historical step for the use of stable coins in an ipo in the U.S. that's pretty crazy. I mean, this has never happened before. $1.15 billion of their IPO proceeds. And this is where Ripple chimed in and said, hey, congrats to Bullish on the successful IPO. Portion of that ipo. Proceeds were settled in Ripple USD minted on the XRP ledger. This is the first public listing to bring the settlement process on chain and sets precedent for how stable coins can shape the future listings. Now, Jeff, would this have happened before the Genius act passed?

[A]

I mean, No, I mean, there's. There's no way. So.

[B]

No way.

[A]

Step by step, you know, it's incremental development and expansion.

[B]

Back street boys, step by step. I don't know. Sounds like one of those boy band songs. I don't know. Jeff, I saw this today. I don't know why I got infuriated by this, but I just got infuriated. Like, I don't know what's going on with the sec, but they just need to just. They just need to go read the three tenants of responsibility because they're all over the place. Or like we got a crypto console, we're going to be putting crypto rules. I'm sorry, that's not your job. That's the job of Congress. So I have to tell remind. And I like the. Paul, I like the enthusiasm, but just because our guy's in there and, and you're like, they're. They're not. Nothing changed because a new chair came in. They don't make the rules. Like the old guy we didn't like with him making the rules or interpret them, but now the new guy comes in. Yeah, that's okay. But look at this. Jeff, just please read that for me.

[A]

Which one? There's Hester first. I was looking up the mission statement also for the sec.

[B]

Good.

[A]

But Hester was saying we welcome small early stage crypto projects to meet with us in LA on October 2nd, if you're interested. Email.

[B]

What the hell?

[A]

This is email. It is email crypto sec.gov with Los Angeles and the subject line and a brief description of your pro. Why. Why Los Angeles? Why does it have to be a lot? Why can't we just meet whenever? Why. Why can't it be. Why does it have to be October 2nd?

[B]

Why are they meeting at all? Why is. Why is the SEC meeting with crypto projects not in their. In their. It's not in their DNA. They're not supposed. This isn't what they do. They enforce the. You know, Jeff, read the three tenants again. Did you find them?

[A]

So I'm coming up with their first. It's, it's really. What's going to be important is capital formation. Well, we got to look at their mission statement.

[B]

There it is right there.

[A]

So. So we look at the primary mission statement at the. At the SEC or the securities and Exchange Commission, we work together to make a positive impact on the U. S. Economy, our capital markets and people's lives since our founding way back in 1934. So that was like almost 100 years ago. So we're like 91 years ago. But since our founding in 1934 at the height of the Great Depression, we have stayed true to our mission of protecting investors, maintaining fair, orderly and efficient markets and facilitating capital formation. Our mission requires tireless commitment and unique expertise from our staff of dedicated public servants who care deeply about protecting the investing public and others who rely on our markets to secure their financial futures. That's it. That's their mission. How is it that they keep painting outside the lines?

[B]

I don't know, Jeff. Four years by, what's going on with the SEC these days?

[A]

Yeah. So here. So to your point. Maintaining fair, orderly and efficient markets. Our capital markets are the deepest, most dynamic and most liquid in the world. They also have evolved to become increasingly fast and extraordinarily complex. As we oversee more than $100 trillion in securities trading US equity market annually. It is our job to be responsive and innovative in the face of significant market developments and trends as technological advancements have changed how our security markets operate. This is poignant. Our ability to remain an effective regulator requires us to continuously monitor the market environment and as appropriate, adjust and modernize our rules, regulations and oversight tools and activities. So they haven't really modernized anything to you to that point?

[B]

I. I would say no. I would. Greetings from France. Says crypto. Well, Jack, I had to. Let me just look. What? I had to. I had to say something like. So this is Hester Purse. And you know, I think that title, Crypto mom that everyone dubbed her Crypto mom. She's always been pro crypto.

[A]

Yeah, that was the thing.

[B]

Offer her the SEC chair. They never have. No SEC commissioner since 2018. The tweets made out reflect the views of the FCC or any other SEC commissioner. No direct messages. But Commissioner Purse at sec. Right. So this is what I'm writing to her. Your mission is protecting investors. Hang on a second. Protecting investors. Maintaining fair, orderly and efficient markets and facilitating capital formation. Why are you meeting with crypto projects? Anything missing from that, Jeff, or should I just send it?

[A]

It's a good question. Because they don't fall under the guise of the sec.

[B]

This is what's crazy. What do you. What are you on field trips or. Let's just go. Hey, we're going to be in la. Let's meet. What are you going to meet for?

[A]

What's the meeting about? What are there agenda?

[B]

What's the point? What is. What's going on with the sec? I'm hitting reply. There we go.

[A]

There you go. All right, let's see how she responds?

[B]

Respond, Jeff.

[A]

She's going to respond right away.

[B]

Remember we. We invited her on the show and then the office declined.

[A]

Yep.

[B]

They said. They said no stinking way. I guess they watched our show, Jeff. I guess they put. I guess they put.

[A]

I'm sure they put a little bit.

[B]

Of time in into watching the show. Right.

[A]

Maybe we should go check them out, see what's going on.

[B]

I don't know what's going on with those. She's going all crazy town. Well, that's it for the crypto segment. Now we go into geopolitics. There's so much cool stuff going on right now. Anyway, Matt Henshaw says, funny how he's in million dollars for fraud in Terra Luna and given up a plea deal for 25 years rather than the hundred years. Well, he's young enough for 25 years. You're talking about the Quan, right? So 25 years. What is he, 30s? 20? Late 20s? 30s? Yeah. He gets out when he's six. You know what, 55 years old, maybe. I don't know. But that's your plea deal. You could have had 100 years. You're pleading down to 25. That's amazing. This is it right here. Crypto G. Has it. Come in and talk to us. The honorable Gary Gensler. It's the same everyone. It's just. They're not going to prosecute. This is the only difference. Come on and talk to us. Why? Why is anybody talking to them? I'm trying to figure out the Democrats. No, she's a. She's a. She is a good one. She is a. A Republican, but I just don't get the whole thing.

[A]

Well, here. Here you go. Right here. There's the SEC crypto task force.

[B]

This is dumber than dumb. This is the dumbest thing I've ever seen in my life. I can't.

[A]

Crypto task force seeks to provide clarity on the application ship. It's a federal securities law to the crypto asset market and recommend practical policy measures that aim to foster innovation and protect investors.

[B]

That's not your job. Your job is. Is to sit down, keep your mouth shut, and be told what to do. And when the law says to do something, then you go and do it. They provide clarity. This is what the other guy tried to do. Remember Gensler? He was going to provide clarity. He's perfectly clear. Remember, he said it's perfectly clear. And the 1947 change.

[A]

This.

[B]

I'm the only voice out there, Jeff, that is like, cannot understand what is. What kind of crazy Town is going on.

[A]

No, it's. It's crazy. The crypto task force will help to draw clear regulatory lines, appropriately distinguish securities from non securities.

[B]

What are they talking about? Do they not understand how government works? That is not.

[A]

Tailored disclosure frameworks provide realistic paths to registration for both crypt crypto assets and market. So how do they know how to distinguish security from non security? I think this has been part of.

[B]

The issue because there is no clear legislation. This is the whole problem.

[A]

There's nothing.

[B]

Good guys are here. So the good guys are going to create rules. No, not how it works. The funny part about all this, Jeff, is once there is legislation passed, the SEC will have very little to do with crypto to be the cftc, which will be the main regulator body. Right. Unless in the cases where, you know, an institutional side or other. Other cases rare, that it's sold as a security. But depending on how the legislation is actually written and actually how they deem any of its securities, if they change the. If they. If the legislation is written in such a way, the SEC may not even be involved at all. So I don't understand why they're meeting with crypto projects, why they're going on, you know, talking about, we're gonna. We're gonna. We have the crypto task force and we are gonna set the rules and we're gonna figure out what's. Nobody knows the whole point. And Ripple kept saying, okay, well, tell us where the law is. We tell. Show us where it is. And then Gensler would say, it's very clear. And it was never clear. Jeff.

[A]

If you're considering an investment opportunity involving crypto assets, here are some resources to help you better understand this complex topics. Watch out for scams. Understand your investment. Many relationship investment scams involve crypto assets.

[B]

That's it.

[A]

Those are the three things. Yeah, from the sec.

[B]

Great. They haven't updated a website. This is fantastic.

[A]

They have not.

[B]

They can't get it right over there. What does this mean, Jeff? Glad to hear Tali is headed.

[A]

I don't know. I didn't know Tally was heading from. I had no idea. I had no idea it was going from back to Florida. What am I missing Tally? Then? Isn't Tally from. From South Park?

[B]

Oh.

[A]

Or was Tally from. Was it South Park?

[B]

I have no idea, dude.

[A]

I thought Tally was in south park, but I don't know why we go.

[B]

Who Tal gonna let us know from Florida?

[A]

California?

[B]

I really don't know. I just have zero idea. Well, big week at the. At the White House. This. This you know, Trump's trying to.

[A]

That's right. See, it was Steli.

[B]

Where.

[A]

No, that was it. And that was his whole thing. Say, want to get high?

[B]

Yeah, it was South Park. Yeah, South Park. Okay, well, time to go. And we're doing a pivot to our Geo.

[A]

Yep.

[B]

Politics, Tally. Okay, maybe. I just. I don't know. I don't. I don't think.

[A]

I don't. I don't know why Tally was in California and coming to Florida anyways. So it must be somebody else that he's talking about.

[B]

He's had it with California. Like, everyone's had it with California. That's. That's the whole thing, Jeff. He's. He's not liking it. He's not happy about it.

[A]

Well, nobody likes California.

[B]

What's interesting is, like, last week on a Friday, Trump met with Putin in Alaska. And then now, two days ago, we had Zelensky, we had all the European leaders show up at the White House. They had a meeting. And then after the meeting, Trump spoke to Putin. He kicked everybody out. He wanted to have a private conversation. But let's kind of review a little bit. Let's look at Trump 1.0 versus Trump 2.0, his first term versus the second term. How it's going, how. This is how it started right here. Remember this pitch? Famous photo.

[A]

Oh, yeah. Yep.

[B]

Where Merkel and all the other nut jobs were, so they thought they could take that giant mustache.

[A]

Amazing. Amazing, though.

[B]

This is how it started. This is how it's going. Look at that. Check that. What are they called? Let's check that out, Jeff.

[A]

Yep.

[B]

They're all sitting like good little boys and girls. They're like, you know, they're sitting in front of. With these goofy chairs. Like, school's about. Like, they're about ready to get schooled in classes and session. This is just amazing.

[A]

It's great.

[B]

It started out like this. Look at Trump's face.

[A]

Yeah. He's like, yeah, whatever.

[B]

And this is where we are. Giant maps. It's. What's so funny is you got the big Ronnie Reagan portrait staring down in the background. Yeah, you gotta love that. You gotta love that they're there. They are sitting in the Oval Office, the famed Oval Office. Man, that was some good stuff there, Jeff. What do you think about that?

[A]

Got all the flags in there. Because that's really good. Yes.

[B]

You gotta love that. I thought that was just. What a great. And then, you know, if we. If we talk about some more woke stuff. Jeff, what is with these. What is with these iconic Brands changing their logo to something so weak. Okay. Not that I was ever a big fan of Cracker Barrel. Okay. This is the new Cracker Barrel logo on the right side.

[A]

Well, Cracker Barrel sucks to begin with.

[B]

Cracker Barrel is all right. If you want to get some good, greasy, dirty food, it's pretty good.

[A]

You know, this is.

[B]

Yeah.

[A]

If you want to eat and leave feeling a hundred times worse than you when you went in hungry.

[B]

Yeah. But I'm like, still, the bottom line is this, like, it had some history.

[A]

New logo, socks. Yeah.

[B]

And they've made some revisions to this guy in the barrel. And that logo, they just like. But it doesn't even have like a. Like, at least they've had that outline or kind of kept some of the original stuff. It's just. This is it. It's just a very. I don't know. I don't know what they're thinking.

[A]

It's totally, totally just neutered.

[B]

They just keep destroying brand after brand after.

[A]

You know, it's a. They're destroying the brands. And then they destroyed TV shows, like all the remakes. You ever watch. Do you ever watch Quantum Leap?

[B]

Yeah.

[A]

Back in the day.

[B]

Did they redo that one, too?

[A]

So they have the new one and. And they have somebody that's transgender, you know, on this show and that. And now it's just so weak. Like, I've been trying to watch it and fast forward, why are you watching this show? And then I fast forward through those questions, trying to get some nostalgia of what Quantum Leap was. And it just keep. They keep getting. It keeps getting worse and worse. They talk about mental distress, like, every episode. You gotta go talk to someone. You gotta, you know, if you have any issues, you need to talk to somebody. You got to do this. I'm like, what in the world is. Like, what message were they sending people through the brainwashing of all these shows?

[B]

I don't know. But Jim D. Says they used to have a good ruined decent breakfast over there. Cali is a wasteland. But new scum is now. Tough talking guy. He thinks he's owning Trump and Joe. We have a bit from Joe Scarborough on him. But look at this, Jeff. This is interesting. I love this guy. James Fishback. This guy needs to be on TV more. But he said Federal Reserve Governor Lisa Cook, who was just referred to the DOJ for alleged mortgage fraud, was caught in 2024 by Chris Rufo for plagiarizing her academic research on how popular certain names in the black community were. She plagiarized her research and then she plagiarized her mortgage application.

[A]

True.

[B]

Lisa Cook is a Biden appointee and a Jerome Powell loyalist. She voted with Powell 100% of the time. And here it is right here. Christopher Rufo in the Antelom. She copied perv pasted verbatim language from the columnist and Pritchett without using quotation marks and describing their findings as required by her own university's writing policy. She's a complete hack, Jeff.

[A]

Oh, yeah.

[B]

So she's. So she's. She's gonna go down for mortgage fraud. This mortgage fraud is a big deal.

[A]

That's right. Check that out. Rain here, Rain here. Rain here, Rain here.

[B]

What's up, Rain? What's going on? Rain range. Rain. I used to love watching Rain show. It was like three hour epic shows. You guys, Rain, you don't know what you missed. It was epic.

[A]

And by the way, we're at the bottom of the hour.

[B]

Let's do it, Jeff. What are we waiting for?

[A]

I'm gonna roll this up. This will be the last of the heavy metal genre. Just want to give you guys that.

[B]

It's got one more. Then we're switching it up.

[A]

We went through and went through the the history of heavy metal with you guys. And so this is the final rendition.

[B]

That's right here.

[A]

Here we go. Let's roll it.

[E]

From the blue tr.

[B]

The word of the day.

[E]

Yay. Got your zombie wallet ready? Cause this is gonna be a match. It's time to claim your legendary Woo Bluetrav Yeti of the clan.

[B]

Mentalist. His maneuver.

[E]

Jean Claude. Let's go. On the chain. Bettis. Yes. Fought for battle for legend. Claim your.

[B]

Was that banging Java. You let my hair down. Do some headbang in there. Cool ad. Yeah, well, that's. We do a unique one every time, Rain. You might not know that. We do a unique one every time. Joe buddy finally wins. AI Rock ain't bad. Just saying that. Ain't bad at all.

[A]

A sleddy Yeti.

[B]

I see. I. I thought. I thought he said John Claude. It said junk. I thought John Claude. Who wants to win? Jean Claude.

[A]

That's actually yarn. It's actually yarn.

[B]

CLO Van Damme. There it is right there. Do we have a sleddy Yeti? We don't have a slutty Yeti.

[A]

Don't have a slutty Yeti.

[B]

One of us win tonight. Pete Hendricks and I are going to watch Alex Cobb and Wendy O's channel instead. Oh, that's fine. Well, if you don't, please don't have Alex Cobb.

[A]

Great.

[B]

Because then we'll let the price further into Wendy's. All right. Windio is okay. I don't have any issues with that.

[A]

Bad ass.

[B]

100%. Yeah. Yeah, man. Okay. Oh, I wanted to tell everybody that.

[A]

I, Brandon Australia Code Coon Cheese.

[B]

I released my AI project. My AI music project where I wrote all the lyrics and I. Oh yeah. All the music and language, all that stuff. It's available Apple music everywhere you can find music. Basically. It's everywhere. I just, just released it this week. 13 tracks, 15 minutes of music. All original lyrics, vocals and music were AI generated and very happy the way it turned out. Do you have words that I can remember? Yeah, well, sometimes I think it's. Think you get annoyed. Anyone want to buy a yeti? Just kidding. Well, hell yeah, Joe. That's the whole. Joe, that's the whole point. And you know what? After every broadcast we get at least one person that will buy one. So last time we had two purchases. So we like that too. You know, you can get exactly what you want or you can do that. What style of music can you promo.

[A]

One of your songs on here?

[B]

Probably could do one of those songs. I will try to do one of the tunes. I'll have to pull up spot, get copyrighted. It's my music. Get a copyright struck for my own music. Ray knows about that. Rain knows all about my channel being pulled down. Remember that? I. My channel got pulled down. Our channel got pulled down. Yeah, man, you.

[A]

Now I'm seeing the common theme.

[B]

You can't win. I think I have to log in, see Spotify here, hit the likes.

[A]

People likes. Come on now. Sue yourself. I don't have to sue ourselves. We just got YouTube to take it down for us. It's very good at that.

[B]

All right, so this is.

[A]

I said he watched Alex a while back and every other word was F this, F that. As I'm trying not to cuss as much. What?

[B]

All right, all right. Here we go. Here we go. Okay, so here we go. Let's go debut. Here it is. This is called the Ardwick Saints. It's done in the style of northern Manchester style sound. So it's I would say alternative, kind of a 90s sort of a throwback sound. The name of the band is the Ardwick Saints. Ardwick is a suburb of Manchester, England. It's a. It's. It's basically a band that's fictional from a place that I've never been. So there you go. But I had a lot of fun going down the rabbit hole. You know what, Jeff? I can't play it unless I share it correctly. So I've got to share the actual. The actual tab, right? Yeah. There we go. There we go, dude. All right, so tell me if you can hear this. Tell me if you can hear this.

[A]

Here we go. There we go. Let's go.

[B]

I hear nothing. You hear that?

[A]

Yes.

[E]

One day boy meets girl she turns his world upside down I keep holding on, I keep holding on Want love hard as a fight all these thoughts try as a might I keep holding on, I keep holding on how do you stop all the cry?

[B]

It's amazing that this is all AI so my lyrics. I wrote this song 25 plus years ago. Amazing.

[E]

The same.

[B]

You know, I'll just give you. I'll just give you a preview of some of the tunes.

[A]

Yeah, that's amazing.

[B]

We gotta carry the sun here.

[E]

We move like tides that know the moon no map just perfect timing your laugh like sunrise still is my rhythm we don't chase the.

[B]

Anyway, you get an idea what it's up. This delicate love song was a little bit different in the sense that this one, I actually. What's interesting about that was I actually uploaded the guitar part. So the guitar part that took from. It's a long tune. I'm not gonna play the whole song, but, you know, so I uploaded the guitar part. Yeah, I took it from there. So this. The basic vibe of the tune was something I already written coupled with some lyrics.

[A]

Really good.

[B]

This one you'll know that I made with extend. I extended it like five times to get all the breaks in the. In the can, figure it to break correctly. There's some. There's some slow ones on here too, Jeff, you know.

[A]

Yeah.

[B]

Ghost of the Garden. Just all kinds of stuff. It's chalk.

[A]

Do you have any metal?

[B]

No, but I do have temp the wire, which is a pretty heavy tune.

[A]

There we go.

[B]

Some. Some.

[A]

I like all of them.

[B]

Starts off. Oh, I like that. It's amazing.

[E]

The control.

[B]

After a while you start realizing.

[E]

Saw you flicker in the static light Shadow carved like sin and flight.

[B]

Every.

[E]

Breath you steal feel from me is a wound I wear so quietly.

[B]

Touch.

[E]

The edge it hums with fire.

[B]

Get ready, Jeff. CL takes off.

[E]

All of my faith under you're the Lord and go. Are we holy? Are we sa. Every touch is a crucifix. You say redemptions in my scream But I don't dream I just bleed me.

[B]

There's some like cool. There's like some little fun awesome.

[E]

She stands on the stairs.

[A]

Have any French song?

[B]

French songs? No, but I have a Japanese song.

[E]

Headlight stretched across the wall Packed a.

[B]

Bag to go Plastic halo. This is a fun song.

[E]

Plays through a forgotten track, but she dances like it's a hit. There's a warning label on a copy.

[B]

This is written about a small town, same old sky.

[E]

Kicked a can down by the railway track Taught big dreams we never got back Watch the older kids pull wheel spins fast while we kill time but never last didn't chase much, just let things slide some went off the rail stay behind Now I see their faces in my feed living lives I thought I'd leave We swore the world would know our names but it all just kind of stayed the same it's the same old sky just a little less blue Same old faces with nothing new we talk about leaving but never do this town's a song stuck out of tune it's the same Same old sky, same old street but nothing feels the same to me.

[B]

It's all about small town living, you.

[E]

Know, Blink it goes too fast. But I thought slow was built to last. The bam broke up, the car broke down.

[B]

Bam broke. Well, the car broke down. This one here, this is another banger right here. Jeff. I put the slip on you. This was the tune that started it all where I said, hey, I think I can put together a groove, make a Persona, get the same voice, make a theme to this. But this is the song that made me go down that rabbit hole.

[E]

I forgave you inside he thought he was forgetting you when he was being deceived. I put the slip on you. You taunted me for too long There was a overly weighted mask I began to scream inside my.

[B]

Of the tears.

[E]

She wasted so many heartbeat racing I put the slip on you the head press to a direction inside the head Give up the ghost on holiday.

[B]

Then there's this one, Jeff, which is just a slow tune. It builds. It's kind of like this one of those old grunge tunes. It kind of builds and builds the rooms. We don't return to each one each time.

[E]

Each mirror of broken scream.

[B]

Listen how it changes up here.

[E]

Sam.

[B]

Anyway, guys, thank you for listening. I worked hard three months on this puppy. Three months going down rabbit holes. Jeff. Some of these songs took 25 to 30 generations. And then I had to cut them up, and then I had to splice some together so it was like a whole. See right there, Jeff. There's the tour dates coming up right there. Oh, that's a different Band. Okay. Sorry. But yeah, listening party on Saturday. That'd be great. Great. That'll be great to have a listening party. I like the idea of having a listening party. Well, put up a thing. Listening party. Aridwick Saints. Listening party. Let's go.

[A]

Listening.

[B]

Let's go.

[A]

AI grunge.

[B]

Yeah. So it's, you know, it kind of captures that sound from the. That northern Manchester sort of kind of a throwback sound of the 90s. Even. Even the band name comes from. There was a church that started a Ardwick football club over there. And the Ardwick Football Club became. In late 1800s, they were kind of like bought out, but they were. They used to call them the Arduick Saints. So it does have a football reference in there for us, for those around the world on this side of the pond.

[A]

That.

[B]

Across the pond, baby. So it does have a football.

[A]

Soccer over here.

[B]

Soccer here. But. But that's what became and Guess and then became Manchester City. That band. Yeah. Cranberries, Oasis too. And that's kind of the whole sort of a vibe. Yeah, that's right.

[A]

I've been Jim D. Jim D. Said locked up Google Gemini for three minutes of deep AI analysis, so was astonished a human could do that to it.

[B]

Well, that's. Well, knowing Jim D. I could absolutely 100 believe that that is absolutely 100 possible. Dude, there's easily no way that that could for sure happen. Look at this. Jeff, Great news. More winning. Here we go.

[A]

Winning.

[B]

Breaking tonight, Texas Republican legislators have just won their fight over redistricting just moments ago. The state House vote is now final. The bill aims to provide five additional congressional seats for the gop. Correspondent Garrett Tenney shows the US what's happening from Austin, Texas. That's all we needed to know. Thank you very much. So much. Winning, and they're bitching about it. But meanwhile, they can't gerrymander anymore because they've gerrymandered the crap out of all those states. That's the funniest part, Jeff. They want a jury minder. So listen to this. You know, Gavin Newsom is blown up. Joe Scarborough lost it on Gavin Newsom and the Democrats. Listen to this, Jeff.

[D]

You're trying to do everything to distract the American people from the fact that you're screwing up on jobs. And job one is helping working Americans and helping the middle class afford their lives and build a life where their children are going to live better than them. That's the American dream. And you have done nothing but play politics over the past year and a half. It's really not that hard to do. We'll see you cut and paste. It's really not hard to do. And I would be telling the Republicans the same thing if Democrats were all free, you know, off over here. It's not hard. But I don't know why they like Gavin Newsom. He wants to own Donald Trump. He wants to be Donald Trump. You can't be Donald Trump. Light. Hey, Gavin, talk into the camera and talk about making life more affordable, not only for people in California, but if you want to talk about people in New Hampshire, our people in Iowa are people in South Carolina. They would like to know how their lives can be more affordable, not how you can own Donald Trump. Donald Trump is not running again. These Democrats who I have called Chuck Webner instead of Muhammad Ali, Chuck Webner's. They're the ones that are running again. They're the ones that are in the boxing ring with Democrats, not Donald Trump.

[B]

What do you think about that, Jeff?

[A]

Amazing, considering how far left he had gone.

[B]

Well, he's just, I mean, even he's. Look, if Jill Scarborough is fed up now, listen to this chick here, Jeff, first of all, tell me what political side of the aisle she sits on after you see her. But I'm not saying never judge a book by its cover. All right, but, but listen what she says. The answer is, Jeff, and I want to get your reaction.

[D]

I'm trying to calm down a little bit, but a bit. You know, John just, just quoted a remarkable stat out of the New York Times that in the 30 states where they, where they track voter registration, over the past four years, Democrats have lost to Republicans in every single state.

[B]

Why.

[F]

So this is the $24 million question, right? Why are Democrats, first of all, let's.

[B]

See, why the weird, the hair? Why the Rachel Maddow glass, right? Jeff, you know what's going on, right? You already, I can see the look on your face. You already know what's coming.

[A]

As soon as I saw the hair color.

[B]

Listen to what she says. The answer is, though, Jeff, you're going to be so enlightened when you hear this.

[F]

Krat's not. Why are the polls bad? Why are they not breaking through? And I think it's a couple things. I think one is the people who are breaking through are brave, right? They talk like humans. They make the case, you know, and again, and it's like Pritzker's chief of staff told me, it's not necessarily left versus center. It's fight versus cave. And the people who fight get support and the people who cave or are mealy mouthed or are, you know, very sort of corporatisty. That crew, the crew that's afraid cannot break through does not appeal to voters. The question is, what's, what is she.

[B]

Talking, what is she talking about?

[A]

Who knows what she's talking about?

[F]

Well, listen, it's only going to be for people who really feel authentic, right?

[D]

Sherry's never been afraid of a shadow.

[B]

Exactly.

[D]

Spoken is mine.

[F]

Chris Murphy, Sherrod Brown, Mondami. These people aoc, they're not all exactly the same politically, but they are the same in the fact that they're brave and they break through.

[B]

That's C. Jeff, what's missing is you need more Mandavis of the world, you need more AOCs, you need more leftist nut jobs because those need all those leftist not breaking through, right? I mean you got one nut job and the craziest blue city in the world. And they act like the whole, whole countries going, you know, going communist.

[A]

They're so crazy.

[B]

It's not happening, Jeff. First. No, it's not happening at all. I mean, I don't know what they do. So Zelensky, this is Trump welcoming Zelensky to the White House. Listen to this.

[E]

I'm a big kid.

[B]

Look what I can do. I can wear big kid pants too. He's like his jacket, he's wearing, he's wearing a suit. I think it's a suit.

[A]

It's a black jacket.

[B]

They, they played the push ups, the pull up song, whatever it was. I'm a big kid pull ups disposable.

[G]

Training pants from Huggies and I can.

[B]

Pull them off and on when your child is ready.

[A]

There's nothing like pull ups, Mommy.

[E]

Wow.

[B]

I'm telling you, memes are so good. They, My God, Jeff, they're just, they're just absolutely, they're just crushing it. Crushing it. So, and then this is, this is Trump talking to one of the, this is him talking to the, the German Chancellor. Here he is very long. You've lasted a long time. You're going to be there a long time. Chancellor Mertz of Germany, who is a very strong person and a very strong leader and very highly, highly respected in Germany and he's my friend and it's an honor to have him as my friend. Thank you very much. Very good.

[G]

You look great with your tan.

[B]

Where did you get that tan? I want to, I want to get a tan like that. Where did you get that tan, Jeff? There will never be another Trump. There will never be another Trump. There's so much winning. It almost made the last four years worth it to see all of the damn winning meeting. And this is so. So this is the same one the Chancellor is talking and. And talking about. He thinks there should be a ceasefire. And Trump said he wanted a ceasefire. He wants peace.

[A]

Yeah.

[B]

Listen to. Look. Look at Giorgio Maloney from the Prime Minister of Italy. Watch her face. And let's try. Watch your face. Put pressure on Russia because the credibility of this efforts, these efforts we are undertaking today. She's rolling her eyes. At least a ceasefire from the beginning of the serious negotiations. From. I would like to emphasize this aspect and would like to see a ceasefire from the next meeting, which should be a trilateral meeting wherever it takes place. Well, we're going to let the president go over and talk to the president. Yeah, we're going to let them work it out. Douchebag. This is what we're gonna do. We're gonna go ahead and we're gonna let them figure it out. That's so funny, Trump. Where did you get that tan? This is. So they all lined up for a photo and watched. He points. He points to the iconic photo of him. When he yells fight. He's just. You can't control this dude. They're all lined up. I said that wasn't a good day. And the camera pans over to him. God, man, you just. You really just have to love this dude, man. He is something. He's one for the. One for the ages, for sure.

[A]

Oh, yeah, Without a doubt.

[B]

Yeah. I thought this is kind of awkward. So that Omar Fatah, he's running for the mayor of Minneapolis.

[A]

Wow.

[B]

So now they're doing ads. They're not even in English. Jeff, listen to this.

[A]

No.

[B]

State Center, District 62, Minneapolis first.

[A]

I mean, man, they don't care.

[B]

They don't care. They don't care. Jeff, what is going on there? That they're just. That they just have zero. It's almost like they don't even want to be part. Any part of the US at all.

[A]

They don't. They want. They want our land, they want our resources. They want the free handouts, they want our tax dollars. That's all they care about.

[B]

But they're. But. So this is a little rally now. You'll notice something. Tell me, guys, in the chat, what you guys notice? Look very carefully. What do you notice? There's two big things about this next clip I'm going to play. It's an Omar Fatah rally. What do you notice, guys? I want to hear about it. In the chat as you discover what's going on. On. Yes. Yes. That dude always looks surprised. He's got the weird eyes. They always have crazy eyes. He always is. He looks like that one pirate from the Tom Hanks movie. Oh, yeah.

[A]

Play that music again, guys.

[B]

What did you notice? Let's see.

[A]

Play the music again.

[B]

Yeah, what did you guys notice about that clip? Anybody? Soon to be mayor in Walt's estate. Yep. Deep stage one Both player. Look at me. Skinny. Lol. Well, listen, one thing that. Let's see. There it is right there. RA Musk. Got it.

[A]

No English.

[B]

No English. Number one. What else did you not notice that you would always see See at a political rally? 99.9 of the time. Do you see any political rally in the United States? What do you usually see? You'll notice the colors on my shirt might give it away. What do you usually see?

[A]

I do usually see.

[B]

Wait, let's see if anybody gets it here.

[A]

It definitely wasn't in that video.

[B]

That might have been.

[A]

It wasn't a cheeseburger.

[B]

No US Flag at this rally. There was no English being spoken. God, there's no stars and stripes. That's right, Jamzy. No black and white dichotomy. There you go. New York City and Toronto brothers. There you go. That's right. So I thought, geez, Jeff, what's going on? I mean, really? We got a whole.

[A]

That was Minneapolis.

[B]

It's Minneapolis. That's Tim Waltz. This is a cool video. This is what I. What I really like about AI Is the storytelling you can do with it. Now, you might not agree with everything this has to do here, but I think this is very well done. It's. AI is really helping to do interesting storytelling, but this is about the Federal Reserve. Listen to this.

[G]

Gold was supposed to back the dollar. Leaving the gold standard was the most costly mistake we ever made.

[B]

What was so bad about gold?

[G]

It kept them honest, but they wanted power. You know, kid, folks today think this is just how life's supposed to be.

[B]

What do you mean?

[G]

Back in my day, one job could feed a family. My mother stayed home, father worked, and we ate together every night. Didn't realize how good we had it. After the World War, they promised gold backed dollars, but they broke that promise. They printed paper backed by nothing, funded wars we couldn't afford and shouldn't have been involved in. But France caught on and sent a warship to get back their gold. Truth is, if more countries followed, our vaults would be empty and game over. I have directed the Secretary of the treasury to Take the action necessary to.

[B]

Suspend temporarily the convertibility of the dollar into gold.

[G]

Turns out when you fake the money, everything else follows and you screw the next generation over. And it snowballs, kid. Prices shot up. Paychecks didn't. Life got tougher, and nobody knew why. We tried raising our kids the old way, but we didn't have the time or the money.

[B]

So you outsource parenting?

[G]

Yeah, I guess you could say we did. Government schools raised them. And the TV taught them bad morals. They learned death, not savings.

[B]

Come on.

[G]

People played video games. Gambling, antidepressants.

[A]

And video games.

[G]

Family games. Divorce rates doubled. Birth rates plummeted. Things got so bad, people started financing Chipotle.

[B]

Financing a burrito.

[G]

Yeah, it's getting bad. Obesity. People eating cheap slop instead of real food. We got softer, sicker, and lazier. A nation in decline. But it didn't happen overnight. When Nixon left the gold standard, we traded sound money for a lifetime of debt.

[B]

How will they ever pay it back?

[G]

I don't think they plan to. Both sides keep spending like there's no tomorrow and leaving the bill to your generation. Generation? We didn't get it right. But you've still got a chance. So take the reins, kid.

[B]

Yeah, no chance, kid.

[G]

Hold your ground and don't give up on sound money.

[B]

Right. Start using the new gold standard opportunities.

[A]

That's solid, dude. That's so solid. You know? Come on. But Beavis and Buttheads. Video games.

[B]

Beavis and Butthead was great. You know? That's. That's right.

[A]

Was awesome.

[B]

Well, they say that was the worst thing that ever happened. No, the. The creation of the Federal Reserve was the worst thing that ever happened. Yeah. Everything that happened after that was just one more tumble down the. Down the stairs. Pretty much. Yep. A sobering truth, for sure. A sobering truth. Man.

[A]

There was. See? Joe Bud said Beavis and Butthead taught him right from wrong. Exactly.

[B]

That was great. I need TP for my bungal. TP for my bungle. Hey, beavers. That was great. That was fire, fire, fire, fire. TP for my TP for my.

[A]

Julio.

[B]

What did he say? What was his catchphrase? I. I am.

[A]

Cornhole.

[B]

Put a shirt overton. When are you guys going to secede? Man, get the hell out of. That was fun, Jeff. I've actually been to Lake Titicaco.

[A]

Oh, think about that.

[B]

I am corn Rolio. You will make my bungalow very angry. See? Look at this. It's all coming back. Jeff. Everyone loves.

[A]

Exactly. Oh, my God.

[B]

That was the greatest.

[A]

It was an.

[B]

I don't go after video games and you know, the food. Yeah, that's fair, that's fair game.

[A]

But everything else, video games and beefs and butthead.

[B]

Look at. Something amazing is happening over there in London, Jeff. They're starting to. They were putting up those Palestinian flags and they crowdsourced and got all these, the King George flags and look at this, they replaced them, taking out Palestinian flags and they're putting up St. George flags everywhere. There you go, boys. It's out done. Look at them. They're everywhere.

[A]

Near the beginning.

[B]

They'Re starting to get pissed. That's. That's the whole point. It starts with anger. Got to start somewhere. That's right.

[A]

We gotta go with this.

[B]

Every Lampo flying eye.

[A]

Perfect.

[B]

Perfectly.

[H]

I'm trying to trigger anyone. This is just a fact. The vast majority of MI5's caseload, it's not far right terrorism, it's Islamist terrorism. So that is a fact. We have a government that is willing to do the most extraordinary gymnastics in order to not actually address the problem. This particular report, for example, talked about how if that it used the word alleged when it was describing the grooming gangs where there have been hundreds, hundreds of people who have been convicted of those atrocious, atrocious crimes. We know there's been an almighty cover up. Labour have admitted this by doing some partial. Allowing some part.

[B]

Look at the leftist can't understand partial inquiries.

[H]

I'll be not the full transparent national inquiry that reform are demanding. So what we have is a government that is willing to essentially sacrifice the lives of its own people, as far as we're concerned, at the altar of this virtue signaling diversity. It's time for common sense.

[E]

Sense.

[H]

It's time for us to have officials who actually do their jobs in terms of keeping people safe. The final point I'll make is the monster who carried out the Southport attacks was reported to prevent on three separate occasions. Who has been fired at prevent. Who has paid a price for this inside, anywhere inside the state system. Those little girls. It was one of the most atrocious crimes we could ever have imagined. All right, well, let's have Nobody, not a single person funded by the taxpayers whose job it was to keep those little girls alive has been. Has paid any penalty.

[B]

Well, Polly, I like this change in tide. Jeff, do you start to see the. The tide turn a little bit? You're starting to see people get mad. You're starting to see them get a little bit angry. You're starting to just kind of. It's just a little bit of a Turn. They're starting to rattle.

[A]

It's not too little too late for them.

[B]

That's what I'm wondering. Is it too little, too late? I mean, I don't know if it's true. Forgot about this one. This is McCrone. He was speaking at that with the Europeans the other day. This was weird. It's kind of out of character. Emmanuel.

[I]

Thank you, Mr. President, for organizing this, this meeting. And I would like to begin by clarifying a situation that happened not so long ago where my wife, Brigitte slapped me like a French little bitch inside the plane. As a couple, we have our problems. See, we started dating when she was 39 years old. I was only 13 at the time. I didn't have a girlfriend or a boyfriend. And when I met Jean Michel, he was a sweet man. I mean woman. I mean Brigitte. When I met Brigitte. Wait, Fuck, can we edit that last part? I just wanted to say she's strong willed and that's why she slapped me like. Little bitch. Thank you.

[B]

Jeez, who expected that?

[A]

Oh my God, that's too funny.

[B]

She smacked me like a little. Like a little. That was too. That was too funny.

[A]

That's so funny.

[B]

So this is.

[A]

Liberals anywhere in the world are enemies of the people.

[B]

That's right. Here's.

[A]

Look at.

[B]

So Keir Starmer. Look at. Look at what he's doing now, Jeff. This is like. It's. It's just oppression everywhere.

[J]

Get this straight. In Britain, you can't even send money to your own family without the government sticking its nose in. Sir, Keir Starmer has confirmed that from October 1, any bank transfer over £800 will no longer move instantly. Instead it will be frozen for 24 hours. And here's the.

[B]

If there was ever a better rally cry for crypto, this right here in the uk, is it you're sending? Hey, somebody calls you up, your brother, your sister, your mom, your dad, whatever, you know, your kid. Hey, can you send me $801? £800 pounds? Sure. I need 800 quid. Go ahead, send it. Oh, and it's usually if you're going to send something, they need it right away. And now it's locked up. Jeff, this is insane.

[J]

This isn't just about shady offshore deals. This rule applies even if you're sending money to your parents, your partner or your closest friend. Now they'll tell you this is about tackling fraud. But let's be brutally honest, this feels less like protection and far more like control. For ordinary families, for struggling businesses, for people in financial emergencies. A 24 hour freeze isn't a safeguard. It's a potential disaster.

[B]

100. What do you think about. Are you even remotely surprised about this, Jeffers? Do you think it's just par for the course?

[A]

Just par for the course? You know, I mean if California is going to do it, you know, the UK will do it. You know, it's just, just one more thing stacking up. I'm really worried for the uk.

[B]

I am too.

[A]

Population slipping away fast. You know, big population centers have, have already come. You know, they're already switching. If you go into the major cities, you hear people reporting back. If you follow Mish British, you know, she went home and said she doesn't even recognize, you know, she was walking around town, doesn't even recognize it anymore. Said she felt like she was walking down the streets of Dubai. And that's. And that's being kind if you're down the streets of Dubai. But you know, I get, I get the point that she was making and it. She said it didn't feel like home any longer. And that's where, you know, people are commenting and saying they're moving out of, out of the bigger cities, you know, to the periphery. And you know, and that's, that's going to be problematic because if it's like that right now and you know, it doesn't take much to flip a small population center, you know. And so, you know, what is the, the population of England right now? I mean it's relatively small. So, you know, kind of like Canada is really small at 30 million.

[B]

Look at this. I love when you can. We can weave a Glenn Campbell reference. I will give you a bonus, Jim. Without who wrote that song? I want to know who wrote Wichita Lineman. Very famous dude songwriter wrote it. Visual Vendetta. XRP is sound one. It's transmission over copper wire. Sounds like the wine that the Wichita lineman hears singing through the lines he's repairing Referencing a Glenn Campbell song. Who's. Who basically wrote Wichita Lineman. Do you know that?

[A]

I don't know.

[B]

Well, I wouldn't expect you to know, Jeff. I'm seeing if Jim Dino's. No idea. Yeah, you got to know who it is. Come on, Jeff. You have to know it. Let's see if he. If he gets it. If he gets it. If he, if he gets it.

[A]

Canada too. Yeah, Canada's done.

[B]

Canada's going over the. That's why we have an Albertan in here tonight. Don't we have somebody from Alberta who's from Alberta? No, he did not win it. He did not write it. Nope. There it is right there, baby. Pete Hendrix. Got it. Jimmy Webb there.

[A]

Jimmy Webb.

[B]

Pete Hendrix. Beautiful, man. See? A little late. There he goes. Came in late. Jimmy Webb. That's right, Jimmy Webb. Amazing tune.

[A]

Well Chip, it's. It's an hour.

[B]

Play it. We gotta let it roll, dude. We got 15 in here, guys.

[A]

All right, let's play. Let's play the tune and let's get. We'll be at at least 20 before the song's over. So here we go.

[B]

Type in yeti.

[A]

Yeti.

[E]

Are you ready? From the blue tribe, the word of the day. Yay. Got your solid wallet ready? Why? Cause this is gonna be epic. It's time to claim your legend. Woo. Bluetrav. Yeti of the clan.

[B]

Mentalist.

[E]

His name Jean Claude. Let's go on the chest pain. Better yet for legend. Claim your.

[B]

That voice is perfect pitch on that man. Amazing singers. Amazing singers.

[A]

Amazing.

[B]

Here we go guys. We have 18. Get to 20. We thought we're almost at 20, but we are almost there, you guys.

[E]

Awesome.

[B]

I like that. Light shadow. Wrong one, dude. Wrong one. It's. I couldn't find it the other night either.

[A]

I got it right here.

[B]

There it is. There it is.

[A]

They all say the same thing.

[B]

Light shadow says I am a cosmic blue resident storm warrior. Say that three times fast. I could barely get through it once. Yo. Is staking restrictive in the home of Silicon Valley California Psy. No pressure in crypto communities. He's exposed the anti crypto leadership well.

[A]

Right. Get out of California.

[B]

Yeah. Gavin Newsom thinks he's running for governor. I mean for president. Good luck, dude. He got laughed last time out. Okay guys, we are gonna go. If you guys. You have one more. Who anybody wanted. Anybody who wants to get into this type yeti. We get 20.

[A]

We're gonna go.

[B]

Come on.

[A]

And make sure you have your Zombin wallet ready.

[B]

And your ex if you have.

[A]

Oh X handle too.

[B]

Here we go. Ready? You can win. Jean Claude. Jean Claude. Boom. Here we go. Who's it gonna be? Who's it gonna be? Who is going to be the winner? I want another who? Cory McGowan.

[A]

Corey McGowan.

[B]

Cory McGowan.

[A]

Are you.

[B]

You need to report, dude. Otherwise we'll have to pull again. Yeah, pull. Pull again. You got. Are we doing. Corey, you there? Corey?

[A]

Take him a second.

[B]

Are you there, Cory?

[A]

Might take him a second to realize.

[B]

Let's see if he chimes in. I see you moved it to the top slot. I like that. Yeah, I had a hard Time finding it before.

[A]

Now we can find it.

[B]

Jim D's in the YETI timeout for one more week. Yeah, probably. Mo, you came in late to that. But guess what? You'll be registered for the next one. If there's the next one. If we don't hear from Corny McCown, huzzah to the tip. Huzzah. Waiting for. Oh, while we're waiting for that, let's. While he's. We're waiting for that, let's hear some Trump baby jokes. This is Trump and Biden. If. If they were babies and if they went on Joe Rogan, which is totally not plausible, but if it happened, Jeff, this is what would happen. Someone with no body and no nose. What?

[A]

Nobody knows.

[B]

I don't trust stairs. Why?

[A]

They're always up to something.

[B]

What did the janitor say when he jumped out of the closet? What? Supplies. Why do bees have sticky hair?

[A]

Why?

[B]

Because they use honeycombs.

[A]

Oh, my God.

[B]

That's funny stuff.

[A]

Looks like Corey Cory is not existent.

[B]

Fabio says class Fabio.

[A]

All right, roll again.

[B]

Okay, we gotta go. We're gonna roll it.

[A]

Everybody type in yeti. Who hasn't typed in yeti.

[B]

Type in yeti. If you get in on this, type in yeti.

[A]

Get it. Ready?

[B]

Love the Trump baby skits. Yeah. The funny thing is the jokes aren't funny, but the laughing about it is what gets funny. There used to be the. They used to have those little aliens tell dad jokes, folks. That was kind of like the same thing. Has it changed at all? Let me see. We have 20 in here. Okay, so somebody did alter it.

[A]

There we go.

[B]

Here we go, guys. Let's put it back up. Let's go. Let's pull it and let's see what we got. Go. Who's it gonna be? Ice Wine wins. Ice Wine wins. You need your badass. Actually, he might be in there already. I know he's won before.

[A]

The last 30.

[B]

You get Jean Claude that wonderment from 30.

[E]

Dude.

[A]

I don't see an up. Maybe I need to spell right.

[B]

Is his wallet in there?

[A]

Ice wine was May 4th. And yes.

[B]

Winner. Congrats.

[A]

Winner.

[E]

Winner paid.

[B]

You have the number?

[A]

I do.

[B]

So we will send it off to you. Congrats. Ice Wine. Ice Wine. And your handle is Ice Wine. Let me see. I think I have it here. Let me see if I have it. Congratulations, man.

[A]

Proud winner of a mentalist. Next number.

[B]

Passed away.

[A]

Yes.

[B]

He was awesome. Nice little. Those bits always get you. Get you right in the feels, man.

[A]

Oh, hopefully my phone is still active. Nope. My Phone is dead. Is your phone alive?

[B]

Yes.

[A]

Are you able to do the transfer?

[B]

I have an Apple battery. Lasts forever, Jeff.

[A]

I've been waking up at 4am so my phone's been on since 4am 4am I try to figure out why. I'm tired now. Yeah, when you wake up at four, by the time six rolls around, you feel like you've. You had the whole day.

[B]

You're still caught in the. What do I need to do? I need to open up Z and then I need to. Need to go to connect the wallet here. Let's go to XRP Cafe. Let's connect her up. Let's connect her up, Jeff.

[A]

And then I'll put the link directly in the private chat so you can grab it.

[B]

What? What? What number is it at?

[A]

373. I'm putting a link in the private chat so you can open. Open it.

[B]

Okay, good. Very cool. That's even better.

[A]

Makes it easy.

[B]

Private chat. There we go.

[A]

Easy squeezy. I'm in PC.

[B]

I made it super easy, dude. All right, so now we click transfer. Now I need the light, I need the address. So can you throw the address in there too?

[A]

Oh, yeah, it's in the Excel, but I'll send it to you. Yeah, Ha. Ping on. I can do the rest. Don't need my phone for that. Where's private chat?

[B]

Let's go, dude.

[A]

Got it?

[B]

Yes, sir. Okay, here we go then. Boy over to him and we scan.

[A]

Big winner.

[B]

Send.

[A]

Big winner.

[B]

What's the deal with the scan thing, Jeff? Zone wallet. Scan this QR code.

[A]

And then accept it with the phone.

[B]

How do I do that?

[A]

Hit the blue button at the bottom.

[B]

There's no blue button at the bottom. There it is. That's a black button. There it is. Okay, here we go. Beautiful. Verifying. And it is. It's verifying. And it's gone.

[A]

Gone.

[B]

Fully submitted. There it is. Just like that. Bam.

[A]

That's it.

[B]

Just like that. Just like that.

[A]

You just sent it to a scammer in Bombay.

[B]

Yeah, just like that, Jeff.

[A]

Like that. It's gone.

[B]

Look at that. It's BG123 making an appearance. It's BG123, Jeff.

[A]

Nice. Nice.

[B]

I bought this off of ebay. I needed to have one.

[E]

One.

[B]

I like it when he comes in like that.

[A]

That's awesome.

[B]

BG123. You have to be an OG to know who BG123 is. That's what I see.

[A]

Yes, you do.

[B]

Yeti like this. Yeti. Yeti. That's not The Riddler. It's BG123. That's an old gosh. The Riddler that. Well, the Riddler was. Remember, he was different. The Riddler. Bg. Let's see. X. We go on X and I'll show you BG123. BG. 1, 2, 3. Let's see if we pull them up.

[A]

2, 3.

[B]

Let's see. Stop sharing. Go to share screen. Here we go. There he is right there. There he is. BG123. He always changed the count changed. I think the what is the account.

[A]

Was.

[B]

Was BG's Twitter account. Decipher the them trying to think bearable. It was 3G. I don't even know, man. Remember Howard Moon? There's Howard Moon. Winner, winner, A bunch of them. Yeah, there's a bunch of them.

[A]

There we go. All right. That captured the winner. Winner, show winner.

[B]

Two, three. That's what it is. Bearable guy 123. Bearable guy. BG 123.

[A]

One, two, three.

[B]

Bearable guy. One, two, three.

[A]

One.

[B]

There it is.

[A]

Two, three.

[B]

There it is.

[A]

There you guys go.

[B]

He's a fun gesture.

[A]

There you have it. Chip is the Riddler.

[B]

Everybody's putting these little riddles out. The castles. The knights. Decodes.

[A]

Crypto Caddy said for my future yeti win. All I provide is my Zen address. I'm feeling it coming on. That's it. Pretty much just your Z address. We need your Zaman wallet address and then also your. Your. Your X handle. So we can. When we. When we post it, we can be like crypto caddy at whatever your Twitter is. Big winner.

[B]

Yeti transfer will take days. Yeah. Bill. Steelers AFC championship could be Steelers are going to be good this year. Made a. Had a great trip. Craft okay. Says he got it. Thanks.

[A]

It's almost time. It's almost time to go to sleep.

[B]

BG123 based off of Billy Graham poster. The Fillmore east concept album played by Frank Zapple. The concert of the poster was we are only in it for the money was the album. Okay, man, look at that. Some good background on that. Was Bill Graham, as he called him. I don't think he went by Billy. I thought it was Bill Graham. Billy Graham a Billy. Billy Graham was the.

[A]

The evangelist.

[B]

Evangelist. That was Billy Graham. You think about Bill Graham. Bill Graham was the concert promoter. Come on, man. Come on, man.

[A]

Let's not confuse the two.

[B]

You don't see it in the zombie because you got to go attach your wallet and you got to accept it. That's why connect your Zen wallet to. And the only way you can see it in the wallet is if you go to the app, the X app at the very bottom. You go look at your NFTs. Oh, yeah, you've accepted it. Top marks again. Thank you very much.

[A]

Thank you very kindly.

[B]

It's only $7.50 in Alberta. You guys need to secede, man. Become the 51st state. Come join us. How those Albertans don't take. They're. They're on their own path.

[A]

They. They. They know hockey.

[B]

They do know hockey.

[A]

It's a plus.

[B]

Yeah. You need to go to the Eddie site to accept it after registering. Correct. You go to XRP Cafe, you connect your wallet it, and then you'll see it there and you accept it. Exactly.

[A]

That's it.

[B]

I did the slide to accept. Okay. If you did that, then you got to go to the X app in your. On your phone. Go to. Go to.

[A]

And it's done.

[B]

If you go to the. The very bottom one, and then you have to go to. What is it called? I don't even know what it's called.

[A]

Just connect to XRP Cafe.

[B]

The X apps, and you got to go to. You gotta look at it through a. I don't even know what it's called.

[A]

Viewer.

[B]

Yeah, what's it called, though? You can't even search for these freaking things.

[A]

I don't know. My phone's dead. Couldn't tell you.

[B]

NFTs. It's called bids. Is that it? Oh, bids.

[A]

I have no recollection.

[B]

I don't know, man. I can't. For some reason, I can't even see it on here anymore.

[A]

I have no recollection of said event.

[B]

Which set. Event.

[A]

Whatever you're talking about.

[B]

We need to get out of here, Jeff. We need to go. We need to get out of here. We need to go. I'm old and in the way, but if you want to swim with the whale. Let's go. Let's go. Events.

[A]

We'll be back. Jip. We'll be back Saturday morning for.

[B]

Who is BG123? That's BG Brad Garlinghouse. 1, 2, 3. I don't know who that is.

[A]

PG Chip, when's our next show? Are we on, say, Wednesday?

[B]

Yeah.

[A]

Hey, Wednesday.

[B]

On Saturday morning, dude.

[A]

We're gonna be back Saturday morning, 8am Eastern Standard Time. We stream three days a week. Wednesday, 8pm Eastern Standard Time, which is right now. Saturday morning, 8am Eastern Standard Time. And then Sunday night, 8pm Again, Eastern Standard Time. Eight, eight and eight. And that's it. That's how you remember. And sometimes we start at 805. Sometimes we might start at 8, 10. And today we started at 8:20.

[B]

It happens.

[A]

It all depends on the technical glitches that we face.

[B]

Glitches?

[A]

Glitch.

[B]

Or the conversation.

[A]

Or the conversation. Chip and I always show up early or always ready to go. And then we start talking about something today. We. We talked about multiple things. And then we started talking about the fact that Suno has decided to put a continuous heavy metal spin on the. Got on the badass Yeti song no Matter. No Matter what.

[B]

Saturday. That long. Saturday, yeah, Saturday. We used. Remember we. We did like, we used to do six days a week. We did Sunday through Thursday, took Friday off. And then you did your Saturday. You did it on Saturday.

[A]

Yeah.

[B]

Remember that?

[A]

And we're bringing up so much content, man.

[B]

Back then, we were just. But we.

[E]

We.

[B]

Back then, we had 1500 people on at a time. 800 people live. Thousand.

[A]

Yep.

[B]

But of course, I don't know what happened. Good times. Once it gets going.

[A]

Good time.

[B]

1, 2, 3. Is the poster of the Zappa concert. Yeah, we'll have to take a look at that. All right, guys, that's it. It's all the time we have. We'll see you guys on the next one. Chip and Jeff. Oh, see you later.

[A]

Are you down with otc?

[B]

Please, like, subscribe and click the bell.

[A]

To be notified when the next video drops.