
Loading summary
A
Tonight we're going to talk about something that I think a lot of people have really been underestimating. Now, for years, the crypto industry wasn't just fighting for adoption, it's been fighting for survival. A battle over whether digital assets would even be allowed to become part of the future financial system in the United States. It's been an uphill battle. This week, something happened that may mark a massive turning point. The President of the United States. That's right, Trump. President Trump, you guys know him. President Donald Trump publicly called out what he described as the anti crypto army. Now you might know one of the guys in the anti crypto army, Gary Gensler, and you might know someone else, her name was Senator Elizabeth Warren. But then Brad Garlinghouse responded with a statement that, that immediately caught the industry's attention and he referenced the anti crypto army was defeated. Now, whether you agree with that statement or not, the bigger question is what changed? Because tonight we're going to connect Trump's comments, ripple's response, XRP's years long battle with the SEC, and ripple's real year long battle with the SEC. You know, as a XRP supporter and investor that everyone kind of congregated together, said, hey, this is XRP versus or the SEC versus xrp. But it was SEC versus Ripple. But you look at the market structure, legislation, stablecoin regulation, institutional adoption, and the growing realization that the conversation around crypto is fundamentally different than it was even 12 months ago. Isn't that right, Chip?
B
Yeah, I think you're right. I think that's kind of what people are missing because they're always look over here while this thing's going on over here. Because everybody always wants to bring it back to price. Everybody always wants to talk about the next bull run, which I think is really important. We all want to know as investors, when is that going to happen? I think the real story comes down that people who spent years trying to stop the industry, they're kind of losing influence, Jeff. They're kind of becoming a non sequitur. So while the people are building, the future financial system are gaining it. So because market structure, if it gets, when it gets passed, if stablecoin legislation, which we already saw happen and already got passed, the tokenization continues accelerating, you've got institutions continuing to integrate with digital assets into the financial system and then we're no longer debating whether crypto survives, we're kind of debating who wins. And that's a completely separate, different conversation altogether.
A
Exactly. And tonight we're going to break down why? This may be one of the most important narrative shifts we've seen in crypto in years. How many years have we been covering this? This is a major shift. Why? And why? Why, oh, why? We're going to get to that by the end of the show. Now stay tuned because you may look at xrp, Ripple and the entire digital asset space very differently by the time we get to the end of tonight.
B
Exactly. Let's get ready to work. Shop it. Let's break it down. Let's go. Welcome to on the Chain.
A
Hey, welcome to on the Chain. This is Jeff here with co host Chip. What is going on? Chip? What's going on? OTC family. What's good, Chip?
B
Everything, man. Everything's good. It's a good Sunday. It was a good weekend. Everything's good. Getting, getting ready to go into the week strong and there's always just good news happening every day. We're just glued always to, you know, X or wherever you're, whatever you're reading. Because the news is phenomenal there.
A
That's right. Get my news from the funny sources. But I wanted to, I want to start with the statement that lit up crypto this week. It wasn't xrp, not Ripple, not Bitcoin, not Price, but the statement, this is a big statement because I think it tells us exactly where we are right now. Now, President Trump posted about what he called the anti crypto army. When was the chance, when do you even think, a couple years ago, if you know the President was going to come out and say anti crypto army, what's going on with that? Brad Garlinghouse responding immediately that that anti crypto army was actually defeated. Now that is a very bold statement. What do you think about that?
B
Yeah, well, I think he's calling it exactly what it is. There's no really sugar coating it, Jeff. It's a bold statement because I think it really, what it does is it kind of implies there's actually a war going on. Right. And honestly, Jeff, I think if you've been in this space, last four or five, six, eight years, you've had, you know, these iron hands, these like diamond hands, as they call them, you've been investing in the space, you've been up, you've been down. A lot of people argue that there absolutely was a war and it was a war on crypto. It spanned about four years. It wasn't just the sec. We got another cool story for the cftc, Brian Contieras, who was pretty brave enough to make a pretty bold move and it kind of just shows you it really backs up the statement when it comes to what, what Garlinghouse is talking about. Anti crypto, army defeated. And that's why it matters. Not because, necessarily because Trump mentioned crypto, but it's how Brad Garlinghouse responded. Because the conversations changed five years ago. We're saying like, hey, will crypto ever survive? You know, Garlinghouse famously said 99 of crypto probably will fail. Three years we're sitting there saying to ourselves, hey, can crypto survive the regulators maybe four years ago? Today the conversation is, how does crypto get integrated into the financial system? That's a huge shift from where we were. Now we're talking about financial shift. We have dtcc, we have Ripple working with dtcc. We also have the, you know, we have stellar lumens getting, you know, getting the tokenization. Go ahead. So these things, sometimes things happen, Jeff, and we just lose sight of them because it's kind of like it happens so slowly over time that you look back and say, wow, we're talking about crypto in the financial system. And that's where XRP really starts to become part of the story. Because whether you're people are love xrp, you hate it. You know, you love bitcoin, you hate it. Ripple spent the time, they spent the money, they fought, they won for regulatory environment. And that's kind of what we're going to get into tonight, Jeff.
A
That's right. And you know what, you talk about loving a crypto. I love that shiba. You know, I don't know where it's at, but you gotta love that shiba inu. That's out there. That's right, the shibarium. And that's what we're gonna unpack tonight. That's right. Trump's comments, not the Shibarium. Brad's response. Market structure, stable coins, the sec, institutional adoption, and why so many people believe we're watching the end of one era and the beginning of another. This is really, there's so much to unpack. And we've talked and kind of hinted in around this stuff for a long time now it's gaining massive momentum. It's going right up to the top. Because when you see President Trump talking about all of this, you know, something's getting ready to unfold now. Let's get ready, let's pull up that statement that started this entire conversation and let's dig in, let's workshop this and see what kind of things we can, we can get into.
B
Yeah. So here it is right here. Ellie Terrett first posted about it. She said that President Trump says his administration's building a future proof digital asset market structure can't be undone by crypto haters. That's what happens when you actually put legislation, when you codify an idea rather than relying on some goofy regulator like Gary Gensler. What happened to that guy? That guy can't even walk down the street anymore. He's probably gets yelled down and, and, and shouted at. And this marks the first time the president publicly weighed in on crypto market structure since going back to March. And then here we go, we've got the. There's the statement right there. This is from Donald Trump. He said Gary Gensler and the anti crypto army nearly destroyed the American crypto industry by driving bitcoin crypto perpetuals and innovation offshore. But Trump saved it. America is now in the crypto capital of the world. The builders and entrepreneurs are coming back to the United States where they belong. And under my leadership we will codify a future proof digital asset market structure that cannot be undone by the crypto haters otherwise known as the Democrats. He didn't say that. I did here of finance is built in America. And Trump will never let crypto down. President J. Trump, I'm surprised he didn't thank us for. Does he always say thanks for the attention to this message or something like that?
A
Something that he did, he did say thank you to on the chain, but that was in a separate post that.
B
Oh yeah, okay, sure. Okay. That's. Must have, would have been. Take this one, Jeff. This is Garlinghouse. We talked about it.
A
Yeah. Now there's Brad Garland house. How amazing, right? For the longest time people are like, hey, where does Brad Carlinghouse sit on a political spectrum? Well, you know what, Tell you where he sits. You can see it right here. He's talking about the anti crypto army was defeated by the courts, by the voters and you know by who. That's right, President Trump. And so he said, and by Trump. I'm ad libbing a little bit there, but that's exactly what he said. By the courts, by the voters and by Trump. It never made policy legal or political sense. He continues combating financial innovation only help protect those that wanted to keep an old, often broken system in place. That's right, Broken old. And those who try to protect it, like Elizabeth Warren and some of the others that were out there. That what a travesty. But an actual travesty.
B
A travesty. Yeah, for sure. And it's, it's, it's A great. It's a great message. But, Jeff, you know, only thing, to be honest with you, there's one thing that I probably would have seen that I would have liked to have seen a little different. I'll tell you what that is. Now, if I was writing this post, you see where it says the anti crypto army was defeated? Yeah, we know. The anti crypto army is.
A
That's right.
B
Okay. Because we know who voted for. We know who's been voting for the str. For in the House for the crypto bills. We know who's been writing the policy in the House. It's been all the. It's been the Republicans. Right. Now, I would have written this differently. This is how I would have written it. This is the new post by Garlic Garlinghouse. The anti crypto army, better known as the anti everything Democrats were defeated. That's how I would have done it. Like, he just. He didn't come out and say it. He just said, the crypto army is defeated. But I put a little bit of context behind it. The anti crypto, better known as the anti everything Democrats were defeated. I like my post better. I like my version better. So there you go. There you go. Have to have a little bit of fun with it.
A
You gotta. We just gotta lay it out, call it how it is.
B
You got to call it the way it is. And then, you know, Jeff, we had. We had anodos on the program here a bunch of times. And I saw. I saw this and I thought it was pretty exciting what's coming up here, because. Oh, there you go. There's. Before we get into that, let's do this. That's. That's 80 never calling. That's my bro. That's my little bro. He says, hey, Jeff and Chip, have a great show. Happy to show appreciation show for great content. Hint, hint. You see what he's saying right there? Hint, hint. By the way, my brother, I told you how much that kid made on Super Chat, you wouldn't believe it, Jeff. It's an insane amount. I mean, he's, he's his, his crowd, they love the Super Chat. So thank you for that. I really appreciate that, bro.
A
Super Chat.
B
I love the Super Chats. We love the Super Chats. That's a good way to get it kicked off. You guys like the content pitch in, man? We got to keep the bills. We got to keep the lights on around here. But I'll tell you what, Jeff. Our last video yesterday morning, all time high for this year. 3,300 views. So guys, you are doing a good job of sharing us out there, telling your friends about us, reposting our content on X. All of that helps get it out to new, new, new, you know, new people coming in here all the time.
A
Got lots of new people coming in.
B
Look at this. Jeff. So this is cool. Solana posted this. Breaking. Anodos Finance is coming to Solana. A top defi team from the xrpl bringing their flagship super app into the ecosystem. How cool is that? And you know, I'm just. What I said here was I don't know if they have my comments in here. No, I don't know if I have the comp. But I basically said, basically, watch them take off because I can see people from Solana loving and Anodos and really embracing it. So they said join the wait list. So if you click over here, you can jump into the wait list. Check this out. Boom. New era of banking. Welcome to the sovereign lifestyle. And they have one of the better websites out there, I think. Personally, I think they did a great job with the design. I always think it looks so good and Anados is phenomenal. Great team behind it and a great product. So I think they're going to set themselves up nicely. Jeff.
A
I think so. They're definitely making some big moves in the space, but that's what it takes, you know, it really takes some, you know, focus and drive and you just got to keep looking at the, the end goal and keep building, keep designing, keep developing. It's all good stuff.
B
Supersede, superset now spelled wrong. It doesn't matter. It's there now, now. So here we go. And then this one. This is pretty interesting. CFTC joins Gemini Trust company in motion for relief judgment. This is a big move right here.
A
That's big news right there.
B
The CFTC is joining for a motion for relief. This is weird. You're not seeing like a company join, you're seeing the cftc, which when the market legislation is passed will be the legislative body that's going to control crypto and SEC out. And now they can, they can hit the ground. Ellie Terra put this out according to private text between Trump's former CFTC chair pick Brian Quinteras and Tyler released by Quinteros last year. This is the enforcement action Quinteros refused to take a position on until he was fully confirmed as the chair. So it looks like now Chairman Selig, who was Selig, which was confirmed, has sided with the Winklevoss twins in concluding that the CFTC should not have brought The Gemini case to begin with. And Jeff, this goes back to the anti everything Democrats. It was the anti everything Democrats and this they're anti CFTC SEC that brought this case. Stupid case against Gemini, the Winklevoss twins which is really ridiculous. The decision now rests with the judge in the Southern District. That has me a little nervous. Although the Southern District worked out pretty good for the SECV ripple in New York who must decide whether sufficient grounds exist to vacate the consent order which I think is probably what's going to happen if you got the CFTC now joining Motion for Relief when they originally brought the suit. I can see that getting vacated. It seems like it would Jeff, I don't know your thoughts but it seems like it should get vacated.
A
Really needs to need to see some, you know, massive progress in that direction. That's right.
B
Oh look at that. A super chat throw. Throw that up there again. And Tom Farley put this up. He commented on Ellie's post and he said, you know this took guts by the CFTC to reverse course. I know this will be a Rorschach test for differently by the Dems and Republicans but the truth is that the lawfare that was waged on many crypto firms, not necessarily all of them, we know a bunch of them couldn't fight the good fight like Library went under which is just a travesty in itself was obviously wrong, unfair, un American and in some cases illegal.
A
Right.
B
I love this comment and the reason I saw this comment was because Brad Garlinghouse had reposted it otherwise it wouldn't have been on my radar. He reposted this Tom Farley. Tom Farley happens to be the CEO of Bullish at Bullish formerly the President of New York Stock Exchange. This is no small dude. This is somebody who's a big shaker and it was cool that Garling House absolutely reposted this post there.
A
Big mover, big shaker.
B
Look at this Joe this is interesting. Look at this. Redot pay official holding XRP is one thing, using it is another. With red pay XR becomes a real world spending power. Credit back your daily spending with 50 loan to value credit line no need to sell. It's pretty good 50. You'd have to drop a lot before you got liquidated there. International transfer send XRP and receive local currency instantly an access swap from Euro, the the British pound or USD to XRP in minutes via our multi currency wallet. This is a pretty cool thing. Unlock real world utility for your XRP and this is happening. It seems like this is happening weekly now Jeff.
A
All these cool companies, seen a lot of them pop up. It's a good thing all wanting to build on the xrpl. A lot of development, a lot of momentum. Look at that. Credit with credit. Now imagine you can let your AI spend your XRP with credit. That's what I'm talking about.
B
I don't know if I trust my, my AI agent.
A
Definitely don't trust my AI right now.
B
Short leash.
A
I can't believe I got kickback from the AI and it, it said if I wanted to get personal in my conversation it wasn't going to continue because I started getting upset with the out I told it to have off. Yeah. What the F are you thinking? Like I don't understand.
B
I mean I said wtf? How many times are we going to go around this bush man? I go get it right the first time. You're right. I keep wasting our time ago. Not only that, you're wasting my tokens.
A
That's right. When I asked I said are you going to credit me back all the tokens that you just wasted? Because we've gone through this 10 times now so oh no, sorry I can't credit a bit. No it responded said no I can't credit you the tokens we wasted your mouth.
B
Look at this Jeff. One of the biggest questions XRP's face XRP holders faces do I spend my XRP or do I keep it for the long term and most of the people we know it's all long term so read out pay credits designer move the trade off so read out pay credit. What does it gives you a crypto backed credit line that you can use with your redot pay card online and store your mobile wallet. That way you're not really selling your XRP and your XRP stays in redoubt account as collateral while your card works just like familiar payment. So we're just going to see a lot more of this stuff where you can borrow against that and the bottom line is if you actually spend time you know because as the value continues to move up and inch up you'll never sell it. You just take loans out. It's what rich people do, they don't spend their own money, they take loans out against the money you know the assets that they currently have you can use it as collateral. You got a 50% loan to value just pledge the equivalent of a thousand xrp you unlock five hundred credit line got one hundred thousand xrp you can open a fifty thousand dollar credit line. You're not selling Your xrp. But you gotta, you know, you gotta be careful that maybe have another account to top off if you need it. If all of a sudden you get a nice, you don't want to get liquidated.
A
That's how many people got liquidated, you know, from these different platforms.
B
You also get, this is more than banks. You actually get 0.05% per day on outstanding balance. So if you don't use your credit line, you don't, you don't, you don't pay interest. So it's only, it's only if you pay. And that's the only time you're going to get that.
A
That's right. Check out Curios comics here. Brand new subscriber and listener from yesterday. But Trump gonna force Congress to pass clarity and free crypto from Democrats. There you go. Says here imagine if Kamala won. Don't even want to think about it. I like seeing. What's that?
B
A heartbeat away from the presidency. That is frightening, man. And we already had a nut job. We had Biden in there. He didn't have a clue. He had no idea. And it's coming out. It's all coming out. Nobody knows. We don't. We're trying to figure out who actually ran the government. Look, Luke Judges whose middle management over there at Ripple said more ways to spend and use xrp. Read out pay is a market leading crypto payments company excited to see them go live with xrp. And then we've got Evernote putting this new XRP data analysis by current size. XRP ranks number 11. Jeff. And tokenized real world assets and number five by market cap.
A
Yeah.
B
So by the growth and velocity metrics that they looked at, XRP sits at the top tier and the rankings reflect the, you know, the market from yesterday. Data shows where the activity has been concentrated and the content for informational purposes. Their typical disclaimer saying of course things could have changed, but this is what they put up right here. There it is. 15 months. That's how long XRP took to scale tokenized assets from 10 million to 400 million.
A
Wow.
B
Ethereum took 36.
A
Yeah, think about that.
B
That's pretty impressive right there, Jeff. That's a nice little stat right there you can tell your friends about. I love that. I love that stat. I got to reach back out to a she's burla so he can get in here. So Jeff, you know how we see all these cool AI videos on the, on the, on the, you know, on the political side of the, of the spectrum, mostly on the conservative spice. Somehow the lefties don't know. I think because they lost their sense of humor. They don't really know how to meme anymore. They don't know what's funny. Like that's not funny. Nothing's funny to them anymore. Meanwhile, everything's wide open on, on the right side of the. Of the house.
A
Right?
B
Well, Jeff, I came across something and I watched the whole damn thing. So now you're going to watch the whole damn thing. Okay, the moon boys. The moon boys have all of a sudden discovered AI Jeff. Okay, the moon boys have discovered AI and now they're making videos. It's not just the, the regular videos, the talking videos. Now they're making meme style AI type videos. And check this one out from here. I want to see you get your thoughts on this one right here. Here we go.
C
Every family has one turning point. One decision that changes the next hundred years. For this family. It began with 10,000 XRP ripple. And XRP isn't hype. It's commodity. Like money, like gold in your hands, except faster, less liquid, borderless and immutable. And this father taught his family the most powerful lesson. We never sell the asset. We become the bank. Ten years later, XRP reaches $1,000. Their 10,000 XRP becomes $10 million in assets. No selling, just time, patience and discipline. With a conservative 4% yield, the family now earns 400,000 per year or $33,000 per month. Still owning every single token they borrow against their xrp, never selling the asset. Just as wealthy families do. A one million dollar credit line at a low interest rate funds real estate business creation and opportunity for everyone under the family name. Now fast forward 20 more years. XRP reaches $5,000. Their original 10,000 tokens now worth $50 million. 4% yield alone produces 2 million per year. Free cash flow. Enduring wealth, a legacy of strength. And they still never sold a single xrp. Because this family understood money changes. Systems change, but principles don't. They taught their children how to own assets. How to borrow wisely. How to create instead of consume. How to think like a sovereign, not a servant. Three generations blessed because one leader had the vision to plant seeds and wisdom to keep them. Leadership, vision and patience change the destiny of an entire family line.
B
That's Rob Cunningham. My buddy Rob Cunningham, which I've met a bunch of times in person. He's a good dude. He's not wrong here. I mean this is great. I just don't know the timetable is going to happen that because what I'M seven years into it and I'm like, you know, people keep talking about a thousand dollars and $600 and $300. I'm just saying, can we hit $4 first? Maybe 5? I'm not asking a lot. I'm like, can we hit $5 first? I mean, like, it's gonna go to $2,100. I'm like, that's cool. I'm down with that. I'm down with 600. I'm down with 589. How about five bucks and maybe we get the five bucks. Maybe we'll think seven's right around the corner. Maybe ten. Well, let's not get crazy. I mean, you know, I'm. This thousand dollar stuff, Jeff, is a little bit insane and it's a little crazy there.
A
That's right. Check out this comment from jag. Beavis and Butthead.
B
That's right. Hey, Beavis, how's everything going? It's going good, good. DP for my buckle. Be fits and buttered. That's a great thing. What's what a great show ever, man. Beavis and Butthead. Yeah, the video's stupid. I hate this stuff. Yeah, that heavy list. Well, Jeff, time to get into our geopolitical rats over here. And we're going to start out by. It turns out France is no longer France, Jeff. It used to be France. But, you know, I think probably one of the most. The quote from Trump that I will probably quote the most is when you import the third world, you become the third world. It's the greatest, simplest quote ever. You cannot dispute it. It's undefeated. And if you import the third world, you become it. Here was Paris last night, Ukraine. Windows. That's what they're doing. They're doing all kinds of bad stuff. They're breaking windows. They've set some cars on fire.
A
Did after the the game the other day.
B
I think it's the. No, it has to do with importing the third world, Jeff. France is no longer France. Look at this. There's France burning.
A
He also on penalties to retain the champions title.
B
What's that?
A
The PSG team beat Arsenal to maintain the to retain the champions title. So it was a ton of stuff going on over there, plus the chaos. If you look at the streets on
B
import the third world, you become the third world. That's how it works. Look at this right here.
A
A lot of insane. What the heck is that? Getting coconuts?
B
Well, I guess that. I guess that's called a festival in your country. I don't know. This is Again, if you import the third world, you absolutely become the third world, you know, because, you know, there apparently isn't any culture or any like, any high standards or anything like that. It's just. The funny thing is, you think you'd want to pull yourself up and adapt. No, they want to devolve into the same old crap. It's a freaking war zone. But don't worry, Ra is going to be like, everything is fine. I am. Everything is. Don't worry about anything. Everything's great. So I want to show you what the difference 99 years makes. This is.
A
What was this?
B
The time difference is 99 years ago. This is when this video was. This was taken. Comparing it to today, okay? That's what France used to look like. Culture suits, fine dining, great wine. This is what it used to be. There's no third world people running around here. There's no animals running around in this video. Jeff, look at this. But you'll see at the end, Even lesbians, Jeff, those two women are dancing together, having the greatest time ever. No one even bothered them back then. This is great. They're running with a bull. Say goodbye to France. I was like, was the UK or France that's going to sign off for us? I don't know. Maybe France.
A
I think France is in trouble.
B
There's such wussies over there. Jeff, you want to see what? You want to see another picture? What France used to look like to
A
the W, the P. Then you get. Then you got the right word.
B
Yeah, there you go. This is what France used to look like, Jeff. Look at that.
A
Look at that.
B
Look at that. People out there enjoying themselves. Nice. No arguing, no fighting, no weird stuff. This is great. Just having a great time, enjoying life.
A
Oh, imagine. Yeah. Had PSG lost, it would have been a disaster. They would have tore the country apart. Would been. Would have been a disaster. Absolute disaster.
B
Yeah. Well, here's another compromise. I can't play the video because it's got French music that's copyright. But if you look at the top, Jeff, this is. There's Paris after Hitler, and then the below one is Paris after immigrants. That's how bad it is, Jeff. Even after Hitler, I was still standing. Right? I mean, and then they got. Look, it's just totally 100. A godless society is a depraved society. 100. I say that all the time. When you become godless, you have no moral structure, no fiber. That's a really well said. You become an absolute shitstorm of a country is what you end up becoming.
A
Look at this. Old town said been holding and dip buying XRP since 2018.
B
Damn.
A
But gonna have to get into it for the first time to put a clutch in my car. But I'll still be stacking every month. But think about since 2018. At least that's house money. So you're dipping in, get a new clutch.
B
Right. Your dollar cost averaging, especially if you bought a lot early, it's got to be phenomenal. So I don't think. No shame in that. Get yourself a clutch man. Get yourself a new car. Go have some fun.
A
Get a nice car.
B
Get yourself a clutch man. How much can a clutch be these days?
A
I don't know.
B
I don't remember driving. What was the last clutch car you had? My Jeep I think was my last clutch car. I mean that was in the 90s.
A
The last clutch car I had a whole series of six speeds. So let me think. The last one I had was a Saab 93 Turbo with a six speed. That was nice. That was 2005. That was the last sticker.
B
Interesting. I mean I've driven. When I was in Chile I drove one. I mean I was able to, you know, it's not like I don't know how to drive them. I like them. I just, you know, I don't own one. I have a truck like you do and they don't even make. I don't even think they make trucks like the kind of trucks we have. They don't make them make them standard anymore.
A
Yeah.
B
Apparently that's like a big deal. It's always been like a big deal. Across.
A
But overseas, man. Every time I'd go overseas, especially if you're in the UK or Ireland, I always get a stick. Opposite road, opposite side of the road with a stick. I like that.
B
Oh yeah. I like it. 100 for sure. 100. Let's see if I can find sob.
A
That's right. With a key by the handbrake. Exactly. That's exactly what it was. I had a whole bunch.
B
That's weird. I thought sobs were lesbian cars. That was what I was like.
A
Come on.
B
Isn't that the lesbian car? Lesbians all drive sobs, Jeff.
A
Apparently they do.
B
Did you have a butch haircut back then too?
A
Look, can't you tell?
B
You didn't have it. You had hair back then. It's going back. It's going back 20 years.
A
900. My first one I had a four door Saab 900 Turbo.
B
I always laughed at sobs. I was like nobody's. Nobody's driving that ridiculous vehicle. Nobody Nobody in the United States is driving that ridiculous.
A
The Northeast, there were a whole bunch of subs.
B
Oh, yeah. Lesbians, Jeff. I mean, they were driving them like crazy. Leftists drove this Subaru is the other one. The Subaru. And the. I did have Subaru. I did have a Subaru for a little bit. I did have a Subaru for a very small. For a very small. Small time. So, yeah. So, Jeff, this is really funny. I mean, like, we got almost two years to go before the election, which means the year before the election, that's when the big campaigning and you're like, who are the Democrats going to run? They've destroyed their party. 79th, Plymouth Valer. There you go. No, you're not gay. Are you sure? Are you sure, Mark Smithson? I'm just asking. Did you drive a Vega? Did you drive a Vega back then, too? You brought. You drove a thing. He drove a Volkswagen thing. He drove a thing is probably what he had. You did. Did you drive a Nova back then? Back in the day? How about a Gremlin? Remember the Gremlins?
A
Damn. No, see, here's another one.
B
What a Pacer, dude. I know he had a nine. I know he had a. Stop. I thought those were gay as hell. I'm like, no, no, no straight man's driving that car. There's just no way. There's no freaking way.
A
Or a GM family. So.
B
So there you go. A real man just stepped into the chat.
A
Oh, BMW Z4.
B
There you go. There you go. Did it have the back seat where you're facing it? Where you're facing the back, everybody. You always fought to sit in that thing. You got sick driving along in that stupid thing. Wayne's World. Wayne's World. Excellent. Joe, Buddy says he owned 30 plus different styles in my life, man. He's a guy. Charges. Probably traded it every two years. GM just bought SOB and we got the discount. Yeah.
A
Oh, that's how you got the 9 5. That's how I got the subs. So I would go because of the GM discount. So we'd get the subs but put an end to that. You know what? You know when Saab went downhill before they shut it all down was when they decided they were gonna have a solid nine two. And we got one because we had to. My wife would get cars rotated every three to four months. And so we ended up with a Sabaru. And the Sabaru was the. Was a 9:2 and it was a Subaru and it was a little sub compact.
B
Right? The Subaru is The fave car for the Pink Pony Club. Femis. Right on, Jim D. Jim D. Entering the chat as always. Plenty of wit to distribute across everyone. That's what we used to call it. I, I drive a vet. Oh yeah, which one? The shovet John bought a zbc and there you go. Perfect. Beautiful. I like the car talk. Everyone's chiming in with the cars, man, always.
A
What was your first car?
B
It was a 71 old Cutlass Oldsmobile that I bought for 400 bucks and then sold to my brother for 400 bucks and he sold it to a kid for 400 bucks and that kid wrapped it around a tree. So there you go. Yeah.
A
280 ZX.
B
That's a reputable car. That's not bad. Yeah, that is not bad at all. So look at this. You're thinking like who are the, who are the Democrats going to put up? Well, here's Gutfield. Gutfield has go over a poll here. Kind of tell you a little bit who is running for the presidency or at least who's in the poll right now. And this might surprise you, Jeff. There you go, there you go.
A
In a Buick Regal, Monte Carlo,
B
El Dorados. Yeah, baby.
A
I want to know.
B
Oh yeah, the El Dorado, baby.
A
Everyone's first car. There we go.
B
Yeah. Station waiting for a Dossy. 260Z. All right. First car was a Ford Escort Mk1.
A
Yes,
B
no lie. I was, he says I was in a souped up Pinto station wagon with the heart window going down the Sunshine skyline Bridge and St. Pete in the late 80s going 135 miles an hour. Dude, I didn't think that. I think that started shimming around 70. Didn't it make it to 70? Jeff asked a very important question that I had a better answer for. He said, you know when the Saab started going downhill and I was like at its inception was what I was thinking. Jeff, when it first began, when they first said let's, let's start making, what do you call it called sob. I'm like
A
the first to introduce turbo. They were the first to introduce heated seats. I think they were. Saab was the first with a lot of things.
B
Yeah, the gay people always love that. Jeff. I had a roll cage and it was a monster Pinto. A roll cage. Jim D. Said he just refurbished his 2004225000 mile Porsche Cayenne steering wheel, bearings locked up. Yeah, my brother had a Cayenne as well. No way a Pinto did that. No way. You're getting blowback. You're Getting blowback on the Pinto Toronto. There you go. Beautiful. Sab was air cool. Good for them.
A
Look at that. Look at this. A 50 Mustang 1988.
B
How about this? PB 2981 says, I'm a man and I'm a lesbian. All right, there you go. The truth comes out. The truth comes out. I love it. All right, so here he is, talking about who the potential candidates are.
D
It's rough news for the Dems. Turns out they have no breakthrough candidate, and voters just let them know it. A new poll of 2028 contenders is out, and it's bleaker than a dog park in Vietnam. Pete Buttigieg leads the field at just 18%. Gavin, 16. AOC 11, Josh Shapiro, 10. And Kamala is also at 10%, matching her blood alcohol level. That's the future of the party. But this is what happens when a party loses an election and learns absolutely nothing from it. After all, that DNC autopsy of 2024 should have been an opportunity for enlightenment. Instead, it had more gaslighting than Jerry Nadler lighting his farts after a night of Taco Bell. They still don't get it yet. Voters got it perfectly. They saw the open borders, identity politics, men and women's sports, rampant criminality, cities turned into outdoor pharmacies. But instead of repudiating any of it, Dems are just trying to rebrand it. But you might as well rebrand your stint with ISIS as just a poor choice for spring break. All right, so why is it so hard for the Dems to admit they really screwed up? Well, one, their egos won't allow them. And to their children, caught in a dilemma between starting something new versus continuing down a path where they've already made gains in terrible things, they do what a child does. Continue racking up gains in terrible things. They can't see the future benefit if they start over. It's like the hiker who is lost but keeps going in the wrong direction because they don't want to start over. That's how I lost my first three wives who had put on weight.
B
Damn.
A
Oh, man.
B
So let's say we over to Spencer Pratt tomorrow. Tuesday is the actual primary. Oh, yeah. Triumphs were great. Time TR7.
A
I like the 2019 CTSV. There you go.
B
There you go.
A
CTS.
B
So, Spencer Pratt. The AI videos continue. Here's a couple more Spencer Pratt AI videos.
A
Sir, Pratt says no one in their
D
right mind would vote for Karen Bass.
A
Well, Spencer's wrong. I'm voting for Karen Bass because I want to keep injecting in public parks.
D
I'm voting for Karen Bass because I like it here.
E
I'm voting for Karen Bass because I'll be damned if I go back to jail.
A
I'm voting for Karen Bass because I have a polymarket bet that the Palisades won't be rebuilt before 2030. I'm voting for Karen Bass because the more homeless people there are, the more money my nonprofit can raise to fight homelessness.
D
I'm voting for Karen Bass because my
F
parents support Spencer Pratt and I have unresolved daddy issues.
B
Vote Spencer.
A
Vote Karen Bass. She works for us.
B
That's a great ad right there.
A
Yeah, there's another one.
B
Honey, we need to talk.
A
We saw the things you've been searching online.
B
Spencer Pratt.
A
Really? In this house? We don't believe in Spencer Pratt. He's maga. What about Spencer Pratt is maga? You know those streets downtown? The ones that are full of piss and. And homeless people? He wants to clean them up. And those neighborhoods, Neighborhoods that burned down. The Palisades, Malibu.
B
He wants to rebuild them.
A
You know how people inject heroin in front of children at the park? He wants to stop that. And that's maga. Yes. It's a very dangerous ideology.
B
Save LA Pope Spencer Pratt. Yeah, they're kind of over the top and ridiculous, but just like everything else is. So, Jeff, this is the best one man on the street interview goes on the street in la. Start asking people. These are always so telling. This is where you get to see the real stupidity come alive.
F
Angry about la.
E
Kind of smell like homeless on every corner.
F
LA is in a city. It's a public toilet at this point.
A
I don't want to walk to my
F
car and go, oops, I stepped in human feces.
B
Actually, I'm not.
A
Not angry about la. There's traffic, but it's been like that forever.
F
There's homelessness, but it's been like that forever.
B
Yeah, poverty, period.
F
What is Mayor Bass doing to solve these problems?
B
Not a hurt. Nothing change. Nothing.
F
Still smell like I haven't seen none.
B
I wonder sometimes.
F
Who were you voting for?
E
Bass.
A
Where is he? Running for bats. What a douche.
F
Nothing that Bass has done. But you're going to vote for her.
A
I'm not.
F
Not even voting.
A
Does it matter?
B
It really doesn't matter. Spencer Pratt. Spencer Pratt.
A
We're gonna have a Pratt daddy summer, I'll tell you that. He actually tells us the truth.
F
He tells you the real hard truth of what's going on.
E
Karen Bass.
F
What is Karen Bass's greatest accomplishment?
E
Removing the Homeless.
F
Yeah. She did a great job with that.
E
I do.
B
I believe so.
E
Do you agree?
A
Look at him not.
F
It's been a year, a year and a half since the Palisade's fire, and practically nothing has been rebuilt. If this was a year and a half ago, I would be in someone's house right now. Did Karen Bass do a good job handling the Palisade fires?
B
Absolutely not. She wasn't even here.
F
She could have done a better job of throwing a ball from here to China.
B
She didn't do a great job.
F
So just so we're counting, can't name an accomplishment of Karen Bass didn't do a good job in the fires, but she's still your girl.
A
She's still killed my girl. Oh, my God.
F
Nithya Ramen.
B
Never heard of her.
F
She says she has the solution to stopping wildfires. Stopping backyard barbecues.
E
I'm African American.
B
I'm whole black. We gonna barbecue regardless.
E
What?
B
That's not right. That's not true. Maybe in la, but man, come to the Deep south, baby. You'll see.
A
Everyone say, you're not stopping this kid.
B
I'm trying to figure out this kid. Is that a white kid? I can't tell. Listen, the way this kid talks. Listen to this. Regardless.
E
What now?
B
You can't do that.
A
Enough said.
F
Pratt says he just wants you to go get a matcha without having to step on human poop. Is that how low the bar is here in la? I have thrown away three pairs of shoes for stepping actual human feces.
B
You do? Jeff, you know what kind of car you should drive? He drove that same sub you drove. Just saying.
A
He did not drive a sub. He definitely drove us.
B
100 drove a sub he drove. Listen to him.
A
You'll know three pairs of shoes before
F
stepping actual human feet.
B
She didn't wash the shoes because he didn't want to wash human feces off. It was easier to throw them away. Jeff.
A
Well, if you step in human feces, what are you gonna do?
B
You throw them away. I mean, it's so funny. You'll wash dog poop off there, but you won't wash human species off there. We've all stepped in dog poop, but it's like, oh, don't worry, I'll just take the garden hose and wash that off. But human feces,
E
you do have to watch your step.
A
These people that want to vote for Karen Bass or Ramen Noodles, you want to step in poop.
B
That's all of us.
F
He says Nobody is fixing LA's problems. Is he Right, Just give, just give
B
this kid, Would you give him a TV show? Just let him go around and ask questions. That's what I want to see. I like this guy over. This kid is. He's like the next Carrot Top. I don't know, but he's great. Listen to him.
F
Seeing LA's problems, is he right? I didn't see that to get fixed.
A
He's right.
F
I look at Central, I see somebody who has directly been affected by the. The leadership.
A
You can't solve everything overnight.
F
She's been mayor for four years.
A
Okay, you got me on that one.
B
He finally admitted. Do you see that? Touche. He got me on that one. He got you on everyone, dude, he got you on everyone. What do you mean that one?
F
She's been mayor for four years.
A
Okay, you got me on that one.
F
Karen bass said by 2026 there'll be zero homelessness. Does this look like zero homelessness? How's the homeless situation here? Bad.
B
The other day I saw a naked man.
F
It's everywhere. I mean, go down the street right here, you'll see a crackhead running.
A
It's literally now a druggie situation.
F
I just seen a homeless person, like 10 different homeless people around the corner. Karen bass said by 2026 there'd be zero homelessness in LA.
E
Karen Bass lied her ass off December 31, 2026.
B
When you think about it, there is great significance to the passage of time here in la.
F
If you need to throw something away, look no further than to the ground. Migrant here in California just got a free government funded boob job. Has the government ever given you anything for free Trauma?
B
We ain't got reparations. Where's mine at? Do I have to be homeless and an immigrant to get anything?
A
I might approve of that one. Because I want to look at some hot people doesn't mean we have to like you.
F
By the way, before I let you go, should Gavin Newsom run for president?
A
Hell no.
B
A triple hell no.
E
Who the F CK is Gavin Newsom?
B
You think Kamala bought.
E
Listen, ain't he losing his memory?
B
He's old.
F
Gavin's about 40 something years old.
B
So I got him confused with that other fool that was running for president.
F
Joe Biden.
E
Yeah, Joe Biden. Bingo.
F
What do you want to tell Jesse Waters you're on his show on Fox.
B
Oh, boy.
F
Do you know who I am? Here's Johnny.
B
Oh, geez.
A
Who's that guy? I don't even know who he is, but he's funny. I like him.
B
It was good.
A
Hilarious.
B
He Was.
A
Hey, by the way, by the way, this. That whole car conversation started because Old Town talked about the clutch. It's for a project for a 2012 Mini Cooper SR56. And he's 30 minutes from Sears Point in the lands of the commie over there in North Bay, California. So he knows what he's talking about. That's right.
B
No, Chad. Bianca, here's why you don't want to vote for Chad Bianco. Chad Bianco is down with the immigration, son. Do your research. Chad Bianco is like, yeah, we should make them all citizens. That's the guy you don't want to vote for. Okay, that guy slipped up when he said that you don't want to vote for him. Do not want to vote for Chad Bianco. Not too bright. He's a smart guy otherwise. But when you're. When you. When you're holding the Democrats playbook. No, you're not going to get. You rethink that vote, man. That is not a good support on the clutch.
A
But not so much on your choice of governor.
B
Yeah, yeah, he's. No, not Bianco. No, no, no, no, no. You don't get that. The other day Steyr came out, he was talking to a transgender and said how. How brave it was. Tom Steyer, who's also. Who's one of the Democrats running for. For a governor. But I'd vote Hilton all day long. Hilton's a hardcore husband for years.
A
Number one. That's it. There's no other choice. Joe Bud is upset because we questioned someone. Questioned a story.
B
Seems a little.
A
Everyone just shocked that you drove a Pinto more than like 50.
B
Was that the station went? Yeah. Was it station wagon you were driving? 135. Dude.
A
That's station wagon at 135 miles an hour across the St. Pete Bridge.
B
Seems like a lot. Yeah, It's Waters intern. That's who it is. Lewis Herms for California governor. I don't even know who the hell that is.
A
You stick with Holden.
B
I have no idea who that is. Jeff.
A
Hey. So I wrote a video. I wrote a song and made a video.
B
Oh, good. Play.
A
That we can play. It's three minutes long, but I think it's pretty good. I think you guys might enjoy. Ozzy said we're talking about the after legacy banks yesterday. And I said, you know what? I'm gonna write a song just for. For Ozzy said, you know, it'd be cool if we made a song about it. So we wrote a song about it. You want to Play it.
B
Let's do it. Let it run, man. Let's do this full screen, too. Full screen.
A
Here we go.
B
We have to enjoy this.
A
All right, here we go.
E
Yeah. 20, 26. You know what time it is? They told us, wait your turn. Trust the system, pay the fees. Yeah, yeah, yeah. Fuck. The legacy banks. Coming straight from the ledger. 20 wires later in your payment still ain't better. Three day settlement. Man, that's prehistoric. Sending money overseas, feel Jurassic in historic. Got a suit in Manhattan saying trust the old rails. Meanwhile every customer knows the system fails. Charge a fee here, charge a fee there. Middlemen stacking paper while they sit in leather chairs. They said crypto was dead, then they launched a stable coin. They said blockchain was useless, now they trying to join. Funny how the tune changes when the money starts flowing. Every bank that was hating suddenly wants the token out. The legacy banks, what? What? The legacy banks holding payments hostage, calling that innovation xrp Moving value across every nation. The legacy banks. Yeah, the legacy banks. Tik Tok owns the. Everybody knows the future's on chain and the whole world knows. Got a banker on TV talking risk and fear while his wire transfer takes half the year. You can order a pizza from Rome to Peru but your money can't move. Man, who are you? Foolish Whip got a message. XRP got settlement. One is sending paperwork, one is building the element. Every time they say crypto's gonna disappear, another institution quietly appears. Tokenized assets, real world value, programmable money. The future's about to AI making payments machines, trading machines while the old gods do facting like it's 2015. The legacy banks, what? What? The legacy banks. No more waiting days for repayment to clear. We got digital Rails. The future is here. The ledger keeps running the network don't sleep 24, 7. The value runs deep. No banker, no closing bell, no borders, no excuses, just value moving. This ain't about XRP versus btc. This ain't about tribalism online, you see it's about a system built before the Internet age. Still charging modern users like they're trapped in a cage. The rails are changing, the money is too. The question isn't if it's who's ready for the moon. So raise your wallet, raise your. No, raise your coffee to the code. Because the future ain't waiting for permission anymore. Legacy banks. Legacy banks. You had a good run, but the ledge is always open. Mic drop,
B
Smoking. That was good. You gotta. You gotta put that out. Just the video itself on the OTC channel because. Let's let's send that around. That's awesome, man. I love that. F the legacy banks. Yeah, thanks. Look at this. The White House reposted this. Of Donald Trump's Decline is a choice. He put this meme up. It's Newsome, Pritzker and Hochel all wagging their finger at Trump while he's smiling. And they say, leave our crime alone. Decline is a choice. Hey, Spencer Pratt in Los Angeles, there are two types of zombies. Drug addicts on the streets, urinating and defecating, and two voters who step over them and keep voting for Democrats. We just saw that in that video. Blue no matter who resist. Love Trump's logic. There they are. You know, it's pretty sad, but that's no. Vote blue no matter what.
A
Oh, it is.
B
Or move out of the state because you hated the policies and go to Texas or Florida and then go vote blue there. Stupid people.
A
No, we don't want blue here.
B
Stupid. How about this one for 2028? Yeah, this is Harris. Harris Ocasio Cortez.
A
2028.
B
It's Cortez. It's. It's Ocasio Cortez pouring her some vodka while Harris is passed out on the bar. Aoc. Back to her old dookie. Back to her old roots. And finally, Jeff, isn't it weird that in America, our flag and culture offends so many people, but our benefits don't? That's it. Like that after legacy banks. Well, that's guys all the time we have. That was a banging video, Jeff. Repost that out there. We'll get it circulating there. It's a phenomenal one. A phenomenal one, I say. Oh, yeah, Brilliant. Fantastic. Damn.
A
You know crypto's real when they start rapping about it.
B
Damn people. Hey now. Hey. Hey now.
A
Said I could tell you a story that with 2am I had a copper look under my voxel. Viva's bonnet. Well, we could probably have to translate this into American, but we'll keep it.
B
I'm thinking. Is a copperhead. Are you talking about copper is a copperhead. A copper is a cop. I don't know.
A
Copper is the cop. And the bonnet is. Is that the trunk? I think the bonnet is the trunk or the hood. I think the bonnet. There's so much slime trapped in the bonnet. Having them run after me.
B
It is bonnet being your bottom. I know a B in the bonnet is. I mean, I don't know what the hell the bonnet is. Got a copper. So a cop looked under your Vauxhall. Viva's bonnet. What is it. Your. Your trunk. Your. Your hood is the. Is it the hood or the trunk?
A
The bonnet. Bonnet. It's a hood.
B
There you go. The hood, the bonnets. That sounds so good. I'm not to go in there. Bought it. I looked under my bonnet. No, you didn't. You looked under the hood. Let's not be crazy. It's insane, dude. Well, Gazelle. I'm sorry. I'm still sticking by my story.
A
We're trying to. I'm trying to translate British English into no English.
B
It's Australian. Australian has their own slang.
A
Oh, the boot. You're right. The boot is the truck. That's right.
B
Whatever. That's gay.
A
I didn't even have the boot.
B
The only thing I like in. In the UK called boots is the pharmacy where I can get paracetamol and codeine. That's the only thing that I. That's the only thing that I care about.
A
They just need to learning English, that's all. We've got a pretty important election coming up on the 18th. Good show. Which way we're going to end up going? Either ending the we're in or going further into it.
B
Please. I hope you guys end it. Please.
A
You guys gotta end it. We don't have time for the continuation of it.
B
Way more patriots in Australia though. The uk I don't have much. I don't know. I worry we. They show up here, but man, it's just few and far between. They'll be like, yeah, we'll just kick the can down the road. You're not gonna. Your kids are gonna be living in a third world country, man. Look at all the history of the uk, man. Copper equals hood. Okay?
A
Anytime you speak in foreign English, we got to put it in.
B
I don't know what that means over here, man. We have our own. We have our own.
A
We had to run it through chat GPT to try to get a.
B
You know what you're saying there? When endowed trustees. Well, he's always right. You see. Well you think about it now or whenever the guy's rewiring the whole financial system, people don't even understand what he's doing in Iran. Look, OPEC is going to fall. You're going to have. Between Canada and the U.S. you're going to have that be the. The new Middle East. There's so much oil in those two countries alone. People already pulling into Texas, fueling up left and right. It's turned into. And then he's basically taken down the cabal, the deep state cabal. And every country Took away. There's. And the last stronghold that they have is in Ukraine. But he's already taken away. He's already taken away Venezuela. Cuba's next on the radar. But this is the strongholds of the deep state. This is where all the cabal lives. And Jeff, isn't it funny that Trump and the administration went down and shut down USAID and the Democrats have like $9 million, $9 million or something like that, and they're in debt 15 million. Meanwhile the Republicans have a couple hundred million and they've got, they've got, they've got, you know, reserves. It's weird. They cut that out and all of a sudden there was no more funding for the Democrat Party. How funny is that? He's also cutting off all the legs and juice to everything. And the Dems are in panic mode. And when they fit, when they do finish the elections and they clean them up, it's not going to be any more Democrats winning anywhere because it's always been a. It's always been a right country. 60 right country from the forever. Nothing's changed.
A
That's right. Great. Cogni.
B
Bullocks, like, you know when, like you hear like Brits like yell or Aussies yell about something, the words they use, I just feel like kind of just doesn't. You know what I mean? It just doesn't. They go, bullocks, they say this and that. I'm like, I don't know. It just doesn't. There's one, that word they always say that I always laugh at and they're, they're real serious about it. They're mean, they're mad about and they throw it out that. I'm like, it just sounds weak, man. It sounds super weak.
A
All the words they used over there. And we're like, I don't know what you're talking about. Yeah, you gotta rephrase it.
B
It was like when Trump heard Biden, he goes, I don't know what they just said. I have no. I don't think he knows what he just said. Anyway, guys, her blocked.
A
Well, rubbish. Well, yeah.
B
When I say rubbish, it sounds so rubbish. Rubbish, yeah.
A
What was the name?
B
You see? Garbage. We say trash.
A
What was that bird? That bird in Australia.
B
The bin. The bin. What was it called?
A
The something something bin.
B
Oh, you'll chime in. The bin. You know those little birds that hang around the. The bins. The trash bins. What was it called? Bin pigeon. No, it's not. It been something.
A
Oh, man, I can't, can't believe you can't Remember it so. That's right. Don't forget it had a whole bunch of them.
B
Oh, I don't know where that came from, but. All right. Ben pigeon.
A
No, Ben, it was the bin pigeon. It's exactly what it was, the bin pigeon.
B
It wasn't a pigeon, though. It was something else. No, it was something else and I
A
think it was a bin pigeon.
B
Yeah, the bin is garbage. I know that. But the bin, the Aussies, all the bird that hangs there, they have a very.
A
Is the. Ben Pigeon.
B
It's not the bin pigeon, though. Something else.
A
Ben Chicken.
B
Ben Chicken is what it was. The bin chicken. Yeah, the bin chicken is the pigeon. They call it the bin chicken. It's a great. That's great.
A
But it looks different, though. It's like a big white bird with a black same.
B
It's a garbage bird. It's been chickens. They're great.
A
It was a bin chicken. They're great.
B
I mean, that's it here. Gotta get out of here. I gotta go.
A
That's first.
B
I will see you guys on Wednesday. Have a great week, guys. We'll talk about some more stuff later. Chip and Jeff.
A
Oh, there it is. Bin chicken.
B
There it is, the bin chicken.
A
A weird ass pigeon.
B
It's a weird ass bird, man. It was always. It was always eating out of the bins. That's why they call it the bin chicken.
A
And it made funny noises.
B
Yeah. All right, Chip, jab.
A
Are you down with otc?
B
Please like subscribe and click the bell to be notified when the next video drops.
Date: June 1, 2026
Hosts: Jeff & Chip
Theme: The episode examines the recent shift in the U.S. political and regulatory landscape regarding cryptocurrency, highlighted by President Trump’s public support for crypto and high-profile responses from Ripple’s Brad Garlinghouse. The hosts discuss the defeat of the so-called “anti-crypto army,” implications for XRP and the broader industry, institutional adoption, and community perspectives. The show blends crypto analysis, regulatory insight, and sharp political-cultural commentary.
This episode centers around a major narrative shift in U.S. crypto policy, driven by President Trump’s remarks about the “anti-crypto army” and Brad Garlinghouse’s bold assertion that it has been defeated. Chip and Jeff analyze how the battle has moved from existential survival for crypto to competing visions for the future of finance. They cover Ripple/XRP’s crucial role, advancing regulation, the CFTC and Gemini, new ecosystems like Solana, and an infusion of community and pop culture, maintaining their lively, irreverent tone.
[00:01–06:30]
Shifting Narrative:
Ripple's Reaction:
Quote:
“Brad Garlinghouse responding immediately that anti-crypto army was actually defeated. Now that is a very bold statement.”
— Jeff [04:13]
[06:31–10:25]
Legislation Outpacing Regulation:
Party Lines:
Quote:
“...the real story comes down that people who spent years trying to stop the industry, they’re kind of losing influence. So while people are building, the future financial system are gaining it.”
— Chip [01:56]
[07:33–10:06]
Trump's Statement:
Community Reactions:
[12:22–13:38]
Anodos Finance on Solana:
Ecosystem Growth:
[13:38–16:26]
Quote:
“This is weird. You’re not seeing like a company join, you’re seeing the CFTC, which… will be the legislative body that’s going to control crypto and SEC out.”
— Chip [13:55]
[16:28–21:16]
Redot Pay:
Impressive Asset Scaling:
[21:16–25:42]
Quote:
“I just don’t know the timetable is going to happen… people keep talking about $1,000, $600… Can we hit $4 first?”
— Chip [24:58]
[27:23–49:33]
Geopolitical and Cultural Riffs:
Polls and Political Jokes:
Lively Audience Interaction:
[51:42–55:17]
Notable Lyrics:
“The legacy banks, holding payments hostage, calling that innovation—XRP moving value across every nation… You had a good run, but the ledger’s always open. Mic drop…”
Brad Garlinghouse (quoted by Jeff):
"Combating financial innovation only helped protect those that wanted to keep an old, often broken system in place." [09:10]
On Ripple’s Contribution:
“Ripple spent the time, they spent the money, they fought, they won for a regulatory environment.” — Chip [05:52]
On the Current Crypto Landscape:
“Today the conversation is, how does crypto get integrated into the financial system? That’s a huge shift from where we were.” — Chip [04:34]
| Time | Theme/Segment | |-----------|----------------------------------------------------------| | 00:01 | Opening: Framing the "Anti-Crypto Army" Defeat | | 04:34 | Trump's Comments, Garlinghouse’s Response | | 07:33 | Trump’s Statement Read & Analyzed | | 13:38 | CFTC Joins Gemini—Implications for SEC, Legislation | | 16:28 | New Crypto Products: Redot Pay, Community Building | | 21:16 | XRP Growth Metrics, Meme/AI Culture | | 25:42 | Political & Cultural Commentary (France, LA, Memes) | | 51:42 | Jeff’s Rap: "F the Legacy Banks" | | 55:17 | Community Reaction to the Song |
"On The Chain" successfully breaks down how a confluence of political, legal, and community factors has fundamentally altered the crypto landscape in the U.S. The hosts use Trump’s pointed comments, Garlinghouse’s celebrated response, and developments like the CFTC backing off Gemini to tell the story of crypto moving from underdog to mainstream. The episode balances technical insight with viral culture, political satire, and community engagement, concluding with the hope that the battle for crypto’s legitimacy has turned, and future debates will be about how best to win—not whether the industry can survive.