They Can't Ignore XRP Now

Summary

On The Chain – Blockchain and Cryptocurrency News + Opinion

Episode Title: "They Can’t Ignore XRP Now"
Date: June 4, 2026
Hosts: Jeff and Chip

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Main Theme / Purpose

This episode dives deep into recent seismic shifts in the financial and digital asset landscape, illustrating how industry giants like MasterCard, MoneyGram, and Ripple are moving beyond crypto hype to build actual infrastructure—especially settlement rails—using blockchain, stablecoins, and, increasingly, the XRP Ledger (XRPL). The conversation covers news on tokenization, regulatory challenges, and institutional adoption, with a particular focus on how established players can no longer ignore XRP’s growing presence in global settlements. Political commentary and moments from U.S. congressional hearings add context to the regulatory and economic environment underpinning these shifts.

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Key Discussion Points & Insights

1. The Big Shift: Settlement Over Speculation

• MasterCard's Move Into Blockchain and 24/7 Settlement

  • Highlights the transition from speculative focus (meme coins, price) to hardcore financial infrastructure and real-time value movement.
  • MasterCard’s announcement: expanding settlement to include regulated stablecoins (USDC, PayPal’s PYUSD, Ripple's RLUSD, etc.) across major blockchains (Arbitrum, Base, Ethereum, Polygon, Solana, and XRPL) [15:47–19:53].
  • Chip: “Did you ever think you’d hear MasterCard or Visa start talking like this, Jeff?” [16:35]
  • Emphasis on intraday, holiday, and weekend options—true 24/7/365 global money movement.

• Underlying Infrastructure: The Real Story

  • Most press focuses on logos, partnerships, and tokens, missing the bigger, often unseen shift in global settlement infrastructure.
  • “Everybody gets distracted by the asset level… when they're missing the infrastructure.” – Chip [00:55]

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2. Real-World Asset Tokenization: The Dubai Example

• Interview with Luke Judges (RippleX Team, Tokenization Lead) [05:42–14:05]
  • Ripple & Dubai Land Department: Tokenization of property deeds on XRP Ledger, with real government portals now displaying XRPL tokens.
  • "That was a meaningful moment. The fact that I can log into the Dubai Land Department, an official Dubai government application, and see an XRP Ledger token, that hit home.” – Luke Judges [09:00–10:28]
  • Expansion of secondary markets where investors can fractionalize real estate; next stage is opening access to global investors, then bundling into institutional vehicles (like REITs).
  • Challenges: Key bottleneck remains compliance and regulatory clarity—most assets are still “represented vs. distributed,” pending international regulatory harmonization [06:20–09:00].
  • Biggest tokenization opportunity by 2027: “Cash or cash-like instruments, say money market funds... plus equities. The challenge is moving into the financial infrastructure layer..." – Luke Judges [13:23]

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3. Ripple, XRPL, and Regulatory-First Mindset

• XRP consistently surfaces in conversations around large-scale, real-time settlement.
• Ripple prioritizes regulatory compliance (especially in challenging jurisdictions like Argentina).
• Fragmented global regulations slow unified tokenization and distributed asset adoption [06:20–09:00].

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4. Political & Market Impact

• Hearing Highlights: U.S. Congressional Scrutiny

  • Segments feature pointed exchanges from recent hearings: Rubio and Scott Bessent challenge administration witnesses over transparency and alleged corruption.
    • “It is about credibility, and your credibility meter is on empty right now.” – Marco Rubio [35:04]
    • "Should I just proceed?" – Scott Bessent [40:22]
  • Adds texture to the broader conversation about trust, financial transparency, and how political forces shape regulatory landscapes.

• Market Significance

  • Institutional adoption (Visa/MasterCard/MoneyGram) means the debate is shifting from “if” to “how” and “when” settlement innovation will go mainstream.

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5. MoneyGram's Stablecoin Launch: Branding Rant

• MoneyGram's new stablecoin "MGUSD" is derided for its lack of consumer-friendliness.
  • “Why do these stablecoins have to sound so ugly? Why does every product allegedly built for the future of money sound like a stock ticker, a medical diagnosis, or the code of the back of a printer cartridge?” – Chip [24:15]
  • Apple, CashApp, Venmo are cited as examples of strong consumer brands, contrasting with crypto’s compliance-driven naming conventions.

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6. XRPL Ecosystem Developments

• Validator Documentation Initiative

  • XRPL Foundation partners with Chris Dangerfield and Daniel Keller to improve public infrastructure documentation—crucial for resilience, onboarding, and network “health.” [27:30–30:04]
  • "Documentation is really never finished. The XRP Ledger evolves and best practices change..." – Chris Dangerfield [29:28]

• Notable Community Updates

  • Shoutout to long-time followers and contributors as indicative of XRP’s loyal, growing grassroots.

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7. Expert Commentary: Peter Brandt on XRP’s Transactional Future

• Peter Brandt, previously known as a skeptic, surprises with bullish transactional outlook.
  • “If you had to bet on a horse to become transactional, it would probably be XRP…” – Peter Brandt [31:38]
  • Hosts react with disbelief and amusement at Brandt’s apparent volte-face.

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8. Political and Social Comedy/Commentary

• Extensive interludes deconstructing U.S. political hearings with a sardonic, sometimes irreverent tone. [33:03–45:12]
• Segments include:
  • Congressional squabbles (“Reclaiming my time!”), attacks on credibility, and zingers.
  • Discussion of California primaries, media narratives, and humorous field interviews on race, identity politics, and city governance.
  • Regular interplay between political absurdity and the cryptocurrency world.

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9. Community and Cultural Banter

• Callbacks to inside jokes, long-time viewers, and neighborhood “nicknames.”
• Satirical tangents: Babylon Bee headlines, Pride Month gags, neighbor nicknames—serve as levity but also commentary on culture wars, branding, and polarization.

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Notable Quotes & Moments (with Timestamps)

• “You don’t need a marketing campaign... What you really need is infrastructure.” – Jeff [00:01]
• “Everybody gets distracted by the asset level when they're missing sort of infrastructure.” – Chip [00:55]
• “MasterCard just made a move that may have accidentally exposed what the next financial system actually requires.” – Jeff [00:20]
• “When the conversation shifts from speculation to settlement, some technologies become a lot more important than others.” – Jeff [02:42]
• “Once people get comfortable with the idea and the adoption of the technology, it will scale incrementally.” – Luke Judges (Ripple) [11:36]
• “Cash or cash-like instruments and equities are the two that I'm most excited about long term in terms of growth in AUM.” – Luke Judges [13:23]
• “The move will leverage the XRP Ledger’s near-instant finality... you’ve got the low fees which MasterCard’s gonna like, obviously.” – Chip [19:53–21:44]
• “You cannot scream mass adoption while naming everything like it was designed exclusively for compliance officers…” – Chip [25:12]
• “If you had a bet on a horse to become transactional, it would probably be XRP.” – Peter Brandt [31:38]
• “It is about credibility, and your credibility meter is on empty right now.” – Marco Rubio [35:04]
• “Documentation is never finished. The XRP Ledger evolves and best practices change…” – Chris Dangerfield [29:28]

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Key Timestamps

• MasterCard Settlement Announcement Deep-Dive: [15:47–21:44]
• Ripple in Dubai—Tokenized Real Estate: [05:42–14:05]
• MoneyGram Stablecoin Launch / Branding Rant: [22:16–26:13]
• XRPL Validator Documentation Initiative: [27:30–30:31]
• Peter Brandt Comment on XRP: [31:06–31:53]
• Congressional Hearing Highlights: [33:03–45:12]
• Community Q&A / Closing Banter: [61:00–end]

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Flow, Tone & Style

• Conversational, irreverent, fact-based.
  Hosts Chip and Jeff blend technical deep-dives, expert interviews, and jokes, with a tone that is both accessible to new listeners and insightful for crypto veterans.
• Direct, sometimes blunt language.
  (“Why do these stablecoins have to sound so ugly?”)
• Sarcastic humor and skepticism, especially toward political theater and crypto marketing spin.

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Summary for Non-Listeners

This episode is a must-hear if you want to understand how the era of blockchain speculation is being eclipsed by an institutional push into global real-time settlement and infrastructure—the rails of the new financial world. With MasterCard and MoneyGram launching regulated stablecoin settlement on XRPL—and Ripple demonstrating real tokenization use cases in Dubai—XRP’s relevance in mainstream finance can no longer be ignored. The episode is full of sharp analysis, pointed industry insights, technical updates, and humorous, often biting political and cultural commentary.

Whether you’re following regulatory battles, want to understand how the world’s biggest money movers are integrating blockchain, or just want to laugh at the ongoing absurdities in both politics and crypto branding—this is an extremely timely and insightful episode.

Transcript

[Jeff]

Chip, imagine your MasterCard. I know that's hard to consider, right? You're a company, not a crypto company, not an XRP asset or an XRP company or a ripple company. Your MasterCard, right? You move trillions of dollars all over the world. Now somebody walks into the boardroom and says, we want money moving 24 hours a day, seven days a week, holidays, weekends. We want it instantly, 24, seven. At that point, you don't need another marketing campaign, right? You don't need another Stable Coin, maybe, do you actually. But you, what you really need is infrastructure. That's what it's all about. Maybe they're lacking a little bit of that. And that's where tonight gets interesting because MasterCard just made a move that may have accidentally exposed what the next financial system actually requires. What do you think about that?

[Chip]

Well, I think that's amazing. I think everybody gets distracted by the asset level when they're missing sort of infrastructure. You got stablecoin, the logo, the partnership, the announcement. But underneath it all, that's the bigger question. What's happening underneath? What is basically framing everything up and how do you settle value in real time around the world? Because that's when you, once they're pulling on the thread, start finding some names over and over and over. They keep coming up rlusd, the XRPL Ripple. And then suddenly it stops. Looks like the crypto story and stops taking another financial infrastructure story. That's right.

[Jeff]

Big, big, big. And tonight we're actually going to connect not just some of the dots, we're going to try to connect all of the dots, every single one of them. Even those stray dots that kind of get off tangents down rabbit holes. But though these are all the dots that I don't think many out there are actually talking about. Because MasterCard wasn't the only story. Nope. MoneyGram made a move. Ripple was in Instable, in Istanbul. It's istal. Ripple is in Istanbul. Gna. Say it again. Instant, instant, bull. Ripple is in Istanbul. Talking tokenization and real world assets. Peter Brandt actually dropped an interesting comment all about xrp. So we got to get into that. And when you stack all of these prep pieces together, you start seeing a picture that looks very different than where this industry was even a year ago, maybe even like six months ago. And you ready to kick this thing off?

[Chip]

Let's go. Welcome to on the Chain.

[Jeff]

Welcome to on the Chain. I'm Jeff, here with my co host, Chip. What is going on? Chip? What's going on? Tc what's going on otc. And tonight, Chip, we might have one of the clearest examples of where this entire market's heading. Not where people hope it's heading, not where influencers, you know who you are, think it's heading, but where the largest financial companies on earth are actually spending their time and money. And it's not just in Miami. We're gonna get into that on another show because MasterCard isn't talking about memes. They're not talking about price targets, they're talking about settlement, they're talking about stable coins. They're talking about moving value 24 hours a day, seven days a week. And when the conversation shifts from speculation to settlement, some of the technologies become, become a lot more important than others.

[Chip]

Love it, Jeff. That's what we're definitely going to dig into tonight. Talk about MasterCard's announcement coming up. It'll be our top story here. And also why it could be much bigger than most people realize. And we'll get into a little bit about Arrow USD XRPL ledger, as it's known, XRP ledger. We'll talk about ripples, continued push into tokenization, real world assets, and then why MoneyGram launching a stable coin matters. And later in the show, we're also going to be talking about Peter Brandt, one of the world famous investor. He said some interesting things about XRP becoming transactional. And we got Marco Rubio, Scott Bessent, totally going savage. And hearings today. Love both of those guys. Spencer Pratt made some political headlines. He's still in the race and that's going to have a lot of the chat rolling.

[Jeff]

Wow, that's big stuff. I'll tell you what, but before we get there, let's start with the story that might actually explain while we're here tonight. No, but it might actually explain why XRP keeps showing up whenever the conversation turns into moving money at scale. Because if the future is 24 7, you know what? Somebody's got to build the rails. And that's exactly where we're going to start tonight. The rails.

[Chip]

The rails. I love that also too. Before we get started then, I want to give a big shout out to crypto area. Well, she's not crypto anymore. She's just airy. She's airy. Carpe diem. I gotta get that right. Oh, she's no longer crypto anymore. She dropped the crypto, she moved on. Carpe diem, which means seize the day. But she's the one, Jeff, right here, that fought, that actually saw this bit of it and she went ahead and Clipped this. This was Istanbul. Get it right. Yeah. Basically Luke judges was on stage representing Ripple. There's some really great tidbits here. I really love this conversation here. We'll jump into it. Ooh, your heart's beating already. I love that. There's some really good stuff here, but jumping into it. But let's listen in. It's a little bit long, but I think it's really good. There's a lot of great stuff in it, but let's listen in.

[Luke Judges]

J I lead the partner success team for Ripple X Globally. We're focused on building meaningful use cases for RWAS on the XRP ledger.

[Interviewer]

Ripple or the XRPL just crossed 3 billion in tokenized RWAS in April. And what's actually driving that? Is it just tokens? Energy token, Is it on those Treasuries? Is it the Dubai Land Department's deeds? Where do you see the real demand coming from? And which one do you believe is most likely to. To 10x from now?

[Luke Judges]

Yeah, sure. So, I mean, the answer is all of them. Like the XRP ledger, RWA ecosystem is a device set of assets and I expect it to at least move towards representing the traditional capital markets that Mikko said. So traditional financial markets are built up of commodities, fixed income equities that we just discussed. And it's a real diversity. Like all blockchains today, not just the XRP ledger, I think are trying to move into a fully fledged financial platform. We're seeing like tidbits of product market fit. I think a number of those assets are represented versus distributed. I think that's a meaningful framework for RWA XYZ to have created. I think the challenge around moving any of those assets from represented to distributed is, to be quite frank, regulatory environment. Normally, like the commodity token that you mentioned, just tokens and a token out of Argentina. I think that's a really exciting project. The way that works is it's essentially you buy a token and that is a forward call on a megawatt of energy. And the reason you need to do that is because the price of energy fluctuates heavily in Argentina. So we've got a ton of corporates that have actually allocated capital to represent that and have essentially there's huge corporations like Siemens, Tesla own that token on paper via representation. The secondary market utility for that use case isn't quite there yet in terms of distribution and using that as collateral lending that we just discussed. And that's because, to be quite frank, it could be construed as a security. And the CMV in Argentina aren't particularly excited about the thought of unregulated securities and Ripple ourselves are like we're in the business of doing things in the right way and a regulatory first way. So I mean I'll let the lawyer expand on that more but I think we're there. The end state goal for blockchains of being a globally distributed system, kind of one order book of regulated financial instruments that you can trade against across different all asset classes is going to be extremely hard in like a patchwork environment of regulatory frameworks in different jurisdictions. Whether that's the Middle East, I mean being one of the more forward thinking or Asia Maas Singapore. It's going to be a long way till there's a unified approach. I think Clarity act will be a great start to that.

[Interviewer]

So Dubai is now on the kind of receiving end of a lot of that corridor and from your vantage point at Ripple you guys are working across Asia. You're also working a lot with the DLD in the UAE. What does the next 12 months of this corridor actually look like in practice?

[Luke Judges]

Yeah, so I wouldn't say, I mean one, the cash flag and stablecoin settlement is obviously a no brainer. I expect that to continue to grow. Especially there's digital dirham initiatives coming out on the UAE side, Turkey as well. Strong, strong cross border flows. I think more specifically on those individual countries. I think about it because of the global role. I think about it as a different type of flow framework than I guess nationality or jurisdictions. I normally think about it from like issuance, custody, investor profiles and then settlement and secondary utility. And so I mean if you look at how traditional capital markets work, pretty much the US is selling technology stocks into Middle Eastern sovereign wealth funds. So the Middle east becomes like a huge capital allocator to these assets. I expect that to be the same, the same in tokenized markets. I expect that to be the same in APAC as well. Singapore sovereign wealth funds will allocate to tokenized instruments the same as they do to on off chain instruments, traditional instruments. I think next 12 months for DLD specifically which is I think has been a very interesting one is kind of we, we've done two phases there which is I think that was one of the most meaningful projects that I've worked on at Ripple which, which is, is not I guess reaching a certain size of scale but the fact that I can log into the Dubai land Department or official Dubai government application and see an XRP ledger token that hit home. That was pretty cool. That was a A meaningful moment.

[Chip]

I love how he like drops that and like looks around Dubai because that's where he lives. He lives, I think he lives in Dubai. So as somebody who lives there, to be able to actually log in and see that, how cool. And it's so funny. You don't see the dude on the side of the stage, but he was kind of like, okay, you know, sort of dropping some, some knowledge there.

[Luke Judges]

And we have done a bunch of initial ISS. I think it's about 15 properties in partnership with the DLD. There's a secondary marketplace where you can buy fractionalized real estate through their Varus framework. And I think next stage is we've kind of done the issuance. We've got some secondary trading flow flows. How do we then scale that up to an institutional level? But I think that bit becomes easier when you already have the regulatory framework in place, you already have the smaller scale pilot and issuance. I think scale is good when you have strong fundamentals that you can grow upon. And I expect that to come probably not meaningfully in the next 12 months, but I expect that to grow slowly over time. And then once people get comfortable with the idea and the adoption of the technology, it will scale incrementally.

[Chip]

Dubai land, just so you know, Eric clipped all these, so it's not like it's the Luke Judges show, but she just clipped out his bits, which is good. We don't like go through it all, so I was good. She did a lot of work.

[Interviewer]

You know, department estimates $16 billion in in tokenized real estate by 2033. What's the credible 2027 number? And what does it take to get there?

[Luke Judges]

Yeah, so I, I think I touched on that earlier, but the, the, it's moving from the pilot issuance, the secondary marketplace, to something that opens up to more investors. So I think from the property side, a big unlock for that will be when you can buy it. As a non UAE resident. Right now you can only buy it if you live in the uae, which is obviously a bit of a gatekeeper. The total population of the UAE is about the same size as London. So when you open that up to global markets, which I think is the next stage and coming pretty soon, I think that will unlock a lot of extra liquidity that maybe want exposure to the Dubai real estate market. I think the third step is obviously then institutional adoption and trying to get that bundled or packaged into something like a REIT or different structuring around these investment vehicles. Again, looks very possible with the way the VARA site structure, the regulatory environment over there. I think that's probably, probably the most thing. I think in terms of 12 months, I'd be more, more happy seeing 500 million to 1.5 billion over the next 12 months of meaningful utility driven investment rather than that kind of top line AUM number and knowing that the asset is being productive and used.

[Interviewer]

So last question before we kind of round up is a quick fire 30 second question. By June 2027, the single biggest category of tokenized real world assets, global globally will be. And I want you to fill in the blanks. Luke, you go first, then Burchak and then Mustafa.

[Luke Judges]

Yeah. So cash or cash like instruments, say money market funds. T bills I think will continue to grow as repo networks move on chain. Reason being is they're easy to price, they're relatively liquid already and it's just a settlement efficiency issue. I think equities are super exciting as well though. I think the challenge there is moving into the financial infrastructure layer rather than individual asset issuers. So core financial infrastructure like CSDS unlocking currently, like I was speaking to WW Stock Exchanges T&2 settlement on equities post trade. That's the bit that's ready for disruption. So that was longer than the ask. But I would say cash and cash like instruments and equities are the two that I'm most excited about long term in terms of growth in aum.

[Chip]

Cash and cash. Like cash cash, cash. Like I'm like what does that mean exactly. Shame none of those other guys got to speak. I guess they're disappointed. Yeah, she clipped all the best bits area. So thank you for that. Thank you for having content. It's weird. Like we come in here, it was like for the first three minutes I had to go see if we were live. Jeff.

[Jeff]

This is so weird because I know nobody was in. I don't know what happened. Checking Twitter, I was. Everything was just like the notices not go out.

[Chip]

This is very unusual. We go live.

[Jeff]

Well, it might be. It took me a while. I didn't put the show up until 10 to 7, so.

[Chip]

Oh, that's why. Yeah, well that's. That could be why a little bit. About 10 to 7 or 10 to 8.

[Jeff]

Oh, 10 to 8.

[Chip]

There you go. Because if you don't do it with the before, like 35 minutes before. Yeah, it doesn't. For some reason it can't work that fast and it always runs into some issues, but. Oh, that was pretty interesting. Interesting to hear what the future looks like. I love these questions like hey, make predictions where you think, you know, our was are going to go. Where do you think they're heading? How do you think they're, you know. And I don't know what those other guys said. I sound like the other guys talked a little bit about equities but it sounds to me like there's probably some difference of opinion on the stage. But it's good to hear that. It seems pretty blown open as far as the future looks. I thought that's that I can't be very bullish on the, you know, the way you hear. It's great here in Luke too because he's, he actually has a very good sense of humor. If you follow him on X, I think he posts some fun things and, and here he's like, you know, he's Mr. You know, he's ripple.

[Jeff]

Very serious.

[Chip]

You go like oh that guy might be fun at parties. I bet he's got classic parties. But he's like when you see that guy, you're like, well that dude knows his stop.

[Jeff]

That's it. Gotta sit down and talk about some technology.

[Chip]

Yeah, you can go crazy about that. And let's jump into the big story tonight. This is the big one about the MasterCard. And again MasterCard's making waves. You know, Visa is two. But look at this here. MasterCard put this official announcement out today. MasterCard announcing plans to expand settlement capabilities to include stablecoin, intraday holiday and weekend options. What? Giving partners more choice in how and when transactions are settled. So that means this is their voice. That means we're enabling greater choice to settle in fiat or regulated stable coins. That's a huge move, Jeff. And also improving liquidity management for time sensitive cross border flows. Did you ever think you'd hear a MasterCard or a Visa start talking like this, Jeff?

[Jeff]

No, I mean it's, it's really amazing. It's impressive to see it. But the problem, the thing is, I won't say the problem but the, the point with all that is, is that they've been sitting kind of on the sidelines watching the technology develop. They've already, they already dominate, right? Mastercard, Visa, they're already in a dominant position. So they know no matter what they're not building the rails, they're, they're using the rails. So if there's a way to simplify or speed, I don't say to speed up the transactional arrangements that they have, if they can do it at a lesser cost to them and then MasterCard can still jack up the, the interest Rates on people, right? They're still charging the merchant three, three and a half percent. They're still, you know, double dipping, you know, across the board. Some of the cards people are paying for, some of them are less expensive. But it's, it's that whole ecosystem now. If they can do it more efficiently, they could do it more streamlined and there's other back end functionality that they, that they facilitate. So look at all of this stuff. We're supporting settlement with circles, USDC Paxos issued stablecoin including the USDG, USDP, PayPal's P Yusd, Ripples, Rus, Rlusd and Sofi's Sophie USD across a range of supported blockchain networks including Arbiter, Coinbase's Base, Canton Network, Canton, Ethereum, Polygon, Solana, Tempo and you heard it here first, the xrpl, well he probably read it on X first but ARQ Finance, cbw, Cross River Bank, Lead bank and NUVI will be among the first to support that. This is, there's a massive number of, of companies all actively, all these stable coins across the board, lots of activity, things are heating up. No tether, Chad, no tether. They didn't want the tether. I don't see Shibarium when Shibarium getting do their stable coin. That's what I want to know.

[Chip]

I think there's a, I think there's no tether on there for a reason because I mean there could be but it is weird in a kind of weird way. You know when you're dealing with maybe you think that's a little bit weird but look at some of these, look at the companies. You got PayPal that's based in the U.S. you got Circle, that's a U.S. company. So you know, it's really a lot of U.S. based companies. SoFi out in California, right? So you have all this, you have Canton Network, Ethereum, all these, you know, all these interesting companies. Then, then the banks too. No surprise there. Cross River Lead bank and New Buy. Those are all. You hear those names come up time and time again. But it's big, it's a big deal. And here's their official. This is how they position a MasterCard expands settlement capabilities to include stablecoin, intraday and holiday. And I think that's the big thing too. Here is like, it's funny to say like here we are in 2026 and that wasn't an option, right? So to do holiday weekend things, it's just, it wasn't open for business. So these enhanced abilities will give issuers and inquirers, more choice. And that's kind of what's been missing from the whole thing. And then, you know, expanding settlement flexibility across the network. And this is the initial thing. So the shopper pays. You know what that looks like? That looks like. We never see like those old sort of like 1880 pins used to put on their head, like a woman's head.

[Jeff]

Oh, that's exactly what it looks like.

[Chip]

It looks like that. I don't know where they got that. This is none of these icons. They're different weights, they're different, everything's different. So this is different than that. These weights are heavier. That's way bigger than everything else. So shopper pays, the issuer, transfers the MasterCard, stablecoin settles it and then you've got the acquirer receives it and then the merchant gets paid. So you notice they're using the stable coin for the settlement layer, but they're also using it to move it fast. That's the thing. So when he talked about cross border and moving that quick, that's a lot of big, a lot of what they're doing there. This was interesting. You know, it's funny because CoinDesk, there was a time when CoinDesk really didn't talk too much about the XRPL or Ripple. But you see the kind of engagement they get in the post. So they put this out. MasterCard expands, you know, settlement to support regulated stable coins including usdc, irl, USD and PY USD across Ethereum, Solana Base, Arbitrum and also the xrpl. The xrpl, the XRP Ledger foundation said, talked about its, you know, plans to sort of move and it said, you know, the on settlement and time sensitive intraday flows. Time sensitive. You got to get it there quick, you got to settle it. Stable coins, perfect solution. And you're not picking one, you're picking a, a bucket. And so you have backup, you have this redundancy. The move will leverage the XRP ledgers near instant finality. So you see how you settle that through the, it's going through the XRPL because it can handle it all. That's where they're getting the, the you know, three, four second settlement. You know, he obviously got the low fees which, you know, MasterCard's gonna like, Jeff, because they're gonna be banging on the other side, the other end. And then you know, obviously great 14 hour track record. All right.

[Jeff]

Trillion dollars.

[Chip]

Right guy in here. OG, we got visual vendetta. Look at all these OGs popping in the Space man. It's amazing. XRP Hollywood.

[Jeff]

Hollywood followers.

[Chip]

XRP Hollywood man. He's still popping in to say hello. I love it. It was one of the very, very first initial ones. And then we've got. Of course, Jackie's been with us for a long time as well. Chad. Yeah. And we also had the great chance of hanging out with Chad a weekend about a year and a half ago down in Florida at an event that Jeff and I were speaking at, which was a lot of fun.

[Jeff]

Yeah, that'd be great. I like that. That was a. That was an enjoyable conference. I'd hope that was.

[Chip]

And then of course, Quint, this Moneygram. Jeff launches the mgusd.

[Jeff]

That was about. That was about to come.

[Chip]

This is the ugliest name of all.

[Jeff]

Really.

[Chip]

It's like you want to try to read it. It's honest with you. I don't. I don't like any of this. I don't like the mg. We know it's USD. Okay. If you're Moneygram, you're not settling in rupees. Okay. We know you're not using the British pound. Okay. We. Right. We're not using the Japanese yen. We know that like you have to have. Whoever came up with this naming convention really should be punched in the face pretty hard because it's horrible. Now, now, if you look at what I like about stock naming conventions, it's usually an abbreviation of the company name.

[Jeff]

Typically.

[Chip]

Why wouldn't this be more company based? Because you know, you're like when you

[Jeff]

see the monogram, it's mg.

[Chip]

I know, but nobody knows what the F that means, Jeff. Nobody cares. Why don't you do. Why don't you do M.G.

[Jeff]

p Y1.

[Chip]

Graham, you would do M O N G R A M. Moneygram. You know, it's Moneygram's thing. Like.

[Jeff]

Oh, that would be. That'd be kick ass.

[Chip]

Well, it should be more like the stock conventions. I just don't like it.

[Jeff]

This, this whole thing is that everyone has to do a USD to prove that they're stable.

[Chip]

You don't know it's USD. Like, oh geez, I don't know you. Sorry, Jeff, I had to go off on.

[Jeff]

Because tether is a perfect example. It's not tether. USD.

[Chip]

What?

[Jeff]

Or is it.

[Chip]

That's the best one of all.

[Jeff]

Do they have a name USD though?

[Chip]

So I wrote this Jeff. MGUSD mug. Zooks mug is it really rolls off the tip of your tongue. I get why they do it. The USD part tells people what they're back by and the issuer initials will tell you the institution who's behind it. But it feels clean on a trading screen. Very logical, right?

[Jeff]

But.

[Chip]

But branding meeting was held inside of an Excel cell, so why do these stable coins have to sound so ugly? Why does every product allegedly built for the future of money sound like a stock ticker, a medical diagnosis, or the code of the back of a printer cartridge? You know, it could be that wi fi password too. Like MGUSD is not a brand. I don't like the this naming thing is bad. You got to put two initials and then the USD. It would have been better if they put, I don't know, something else. The whole thing is bad. Sounds like something your bank texts you right before locking your account for fraud. You get this. You know it sounds like a cholesterol medication with 47 side effects. Sounds like an airport lost your bag and gave you a claim number instead of an apology. And this is the part of crypto that still refuses to learn. You cannot scream mass adoption while naming everything like it was designed exclusively for compliance officers, market makers and three guys in Telegram who think liquidity pools are a personality normal people do not want to say I sent you mgusd. What sounds like you paid someone with a routing number. Money is emotional. Trust is emotional. Brands matter. Names matter. Simplicity matters. Apple did not call the iPhone aapl-c o m m com-USD cash app did not call itself sqpay-USD venmo did not launch pypl-p2p dash transfer but you see how stupid, jeff paypal p2p point person to person transfer because that's what Venmo is. Cash app SQ pay USD or Apple com USD. I'm sorry, that'd be stupid. To prove a point, they gave money names they could remember. Say trust use. Meanwhile crypto keeps building powerful rails and then slapping the license plate names on them like nobody in the room ever met a consumer. Ng USD. The future of money named by people who think human friendly is a security risk. That's my rant for today, Jeff.

[Jeff]

There you go.

[Chip]

I put it on Twitter. Nobody cared. I said it here and still nobody cares. That's all right.

[Jeff]

Everyone's talking about something else. To your point, there's Tether, this cool website.

[Chip]

At least they named it Tether.

[Jeff]

It's tethered. I like this.

[Chip]

Oh, that's also supposedly backed by a bunch of different things, but paired one to one with the US dollar. But they put us. Did they say Tether USD?

[Jeff]

No, just tether. Tether Tether for merchants, tether for individuals, tether for exchanges. Tether and then the logo. That's it. That's what you get.

[Chip]

But this XRP Hollywood says. Yeah, I remember when both of you. Back in the day when you were solo. Yeah, yeah. But I were doing it independent. Then we. That was six years ago that we started doing this podcast together. Great. Is that nice? XRP Hollywood. I'm far west as possible. Almost in Georgia. Yeah, we are kind of close. I'm in Hendersonville. Whoa. No way. I'm outside of Franklin. My business is in Franklin.

[Jeff]

That's crazy.

[Chip]

Stop at the Eagles Outfitters if you're ever in the area. Look at this. See that?

[Jeff]

Yeah.

[Chip]

I've been to Franklin for work. I think it's less than two hours away. There you go.

[Jeff]

Three Eagles Outfitters.

[Chip]

There's someone's just there for a septic tank class. Although I'm from central Florida, that's something I haven't taken yet. Yet septic because I'm sure he's a professional. Not like you have to take it to understand. Hour and a half away. No, I've never taken it. I was just making a comment that I've never taken one before. Also some other. So some other cool things happen. The XRPL world. Jeff, you got XRP Ledger foundation. How to run an XRP Ledger validator. The full history node, pathfinding node Peering home together with xrpl365 Chris Dangerfield, who we had on here about two months ago. Oh yeah, insecure. And of course Daniel. As you guys all know, he's the unofficial CEO of the xrpl, Daniel Keller. So he is. He's. You guys know him. He was. They're building a complete, well maintained guide covering all major ledger node types, which is very exciting because those are two guys. Probably the most well known and probably the two best guys to do this. Chris Dangerfield put this out. He said in response to the XRPLF announcement below on infrastructure documentation. We're honored to have been chosen by the XRPLF to deliver this work. We appreciate the responsibility that comes with it. High quality documentation so critical to infrastructure in its own right. It helps new operators get started. It reduces mistakes and improves network resilience and lowers the barrier barrier to participation across the ecosystem. This project is a partnership between Daniel and myself, bringing together complementary experience. Daniel contributes deep expertise as infrastructure provider and a senior network specialist. While I'll be drawing on my expertise expert experience as a senior software engineer, infrastructure operator, educator and career of the XRPL developer training materials. It's important to recognize that documentation is really never finished. The XRP ledger evolves and the best practices change and new node operators, which is key, bring new questions and challenges. While our immediate focus is delivering phase one before the end of the year, we view this as the beginning of a much longer journey. Documentation should be a living resource that continues to grow, improve and stay relevant over time. There's a tremendous amount of detail behind this initiative and we'll be sharing more as the work progresses. But for now we'd simply like to say thank you for the opportunity. Reaffirm our commitment to delivering something that provides lasting value to the XRPL ecosystem. Please follow Daniel myself for updates as we move forward. More to follow. I think that's awesome.

[Jeff]

Very cool.

[Chip]

I think that is a great nice big time dudes here over the XRPL Ledger Foundation. He's the director of course Joel Katz, known as David Schwartz, Wheats of Wind, Dennis Angel Short the FOMO and of course Vet and Mayuka Badari. So very cool. What do you think of this news? I think it's great. I think documentation.

[Jeff]

I like that. That's important. Very important.

[Chip]

I know it is. And how many times you want to like punch or punch the wall when we can't find you? Google it and it looks up the documentation, you go to the documentation. You can't find it. What did I say? They told us what? Wait your turn. Trust the system, pay the fees. Nah, yeah, nah, nah.

[Jeff]

Napin nah.

[Chip]

Ain't gonna. Ain't gonna do it. They told us they gotta do it. Told you. And then you gotta do what I told you. Remember that Rage song? That was great.

[Jeff]

Yeah.

[Chip]

Peter Brand 1 Listen to Peter Brandt what he says in this interview. Check this out. He probably is the best.

[Jeff]

Did you just say XRP is probably the best? Yeah. I mean right now if you had.

[Chip]

If you had a balance that's Rand newer. He freaking hates xrp, dude.

[Jeff]

You see the shock?

[Chip]

Look.

[Jeff]

Look at his face when he says that.

[Chip]

He thinks it's funny. He hates that XRP all the time. He probably is the best.

[Jeff]

Did you just say XRP is probably the best? Yeah. I mean right now if you had.

[Chip]

If you had a Ben on a horse to become transactional, it would probably be xrp. Solana Eth I. Yeah, I. I just think mostly end up jump.

[Jeff]

I didn't imagine that Peter Brent would be talking about xrp. But I mean you do you learn something new every day.

[Chip]

You do learn something new every day. You couldn't believe he was like, what? It's gonna become transactional. You know, Peter Brandt's looking ahead there, and he's, that's, that's, He's. If you had a pick a horse to win, that's the horse he'd be riding right there.

[Jeff]

So you're gonna put a bet on a bet on the xrp. If you're not getting on the xrp, get on the xrp. Etf.

[Chip]

Yeah. Jeff, there were some hearings today. Rubio.

[Jeff]

Rubio, Man, Ruby is crushing it. What do you think?

[Chip]

Oh, Scott percent that guy. Both. I mean, I don't even know which I love better, but I think there are two shining stars in the Trump administration. First of all, Rubio, this Rubio is a star. You know, I mean, we, we had the chance to vote for him twice, which is fantastic. You know. Yeah, we, we had the chance. That was it. Two times or three times he ran for Senate. Two, I think.

[Jeff]

Oh, 12 years.

[Chip]

Twelve years would have been two years. Two times, three. I don't know.

[Jeff]

We voted third term. I'm trying to remember, first time around,

[Chip]

maybe he was his third term where he got called up.

[Jeff]

Yeah.

[Chip]

You know, he's running. But anyway, what's interesting is they both are savage. They're not. Take. Listen, these are the days of, like, trying to. And all the Democrats are trying to do. The Democrats come off looking really bad here. Well,

[Jeff]

across the board look good.

[Chip]

They don't. They ask questions they don't want answers to, but they just want to try to embarrass them. They want to get a little snippet that they can cut out and send, you know, for, for, you know, donations to their campaign. But here's Rubio in the first clip, and we'll. Then we'll play the second one.

[Marco Rubio]

You have, you have said these things. You have shared these talking points before.

[Witness/Respondent]

They're not talking points.

[Marco Rubio]

I'm going to take your word for it when this is the most corrupt administration in American history. We're talking pardons for sale. We're talking about no bid contracts to those on Trump's family and friends plan. We're talking about a $1.8 billion slush fund, and I think that's corruption. The American people think that's corruption. They want to know if you think that's corruption.

[Witness/Respondent]

Okay, Number two on the. This goes right to the point of transparency. You're absolutely wrong about the way the money flows. It's pretty straightforward. And I'll share.

[Marco Rubio]

So I'm gonna have to reclaim my time Again, because what kind of process is this?

[Witness/Respondent]

They get to answer ask questions you don't get to answer.

[Marco Rubio]

It's my time. The question I don't know about you,

[Witness/Respondent]

so why am I here if I don't get to answer your questions?

[Chip]

Why am I here if I don't get to answer your questions? I'm gonna claim it.

[Jeff]

Rubio just, like, hammers them.

[Chip]

Hammer what? Why am I here? He goes, when is my time? When is my time? He says, this is fantastic.

[Marco Rubio]

The question I don't know about you.

[Chip]

When is it my time?

[Witness/Respondent]

So why am I here if I don't get to answer your questions or your defamatory statement?

[Marco Rubio]

Reclaiming my time. Reclaim.

[Witness/Respondent]

But I want to reclaim. Do I get time? Because you make these defamatory statements and no one can talk here.

[Marco Rubio]

If you can't call out corruption in this country, then how can you call. Call it out in another?

[Witness/Respondent]

I can't say anything because you won't let me speak.

[Marco Rubio]

It is about credibility and your credibility and your credibility. Meter is on empty right now.

[Witness/Respondent]

These guys just get to talk and

[Chip]

I don't get to answer?

[Marco Rubio]

Determines the barrels of oil that gets me.

[Witness/Respondent]

Answer your question. I have an answer for your question.

[Marco Rubio]

Where is it going?

[Witness/Respondent]

They have to use their time for me to answer.

[Marco Rubio]

Onus is on you to prove that there is no corruption here. Ability as the Secretary of State. And you know what? Normally we would have access to that data. That's the transparency.

[Witness/Respondent]

You just don't know where.

[Marco Rubio]

You're not showing us any receipts. Well, then show us. Do you commit. Do you commit to coming back here with whoever the person is who is monitoring the sales of the oil? Bring them before this committee. Can I have the documentation you don't have this time yet.

[Chip]

Once per claim is time. This is. You know what's so funny?

[Jeff]

That's got to be a meme moving forward right there.

[Chip]

Listen to this twice already.

[Jeff]

Oh, my God.

[Chip]

I couldn't believe it. And both times, I don't know what she's saying. I only hear Rubio. And I don't know if it's, like, listening. I hear. I hear like the teacher on Charlie Brown. And I. I'm like, I don't even know what she's saying. She's just talking over him. He's like, when I get the reclaim my time. You don't get to reclaim your time.

[Marco Rubio]

Have the documentation you don't have this time yet. I am talking about credibility and evidence, not your talking points. Because talking points are never a replacement for a Transparent.

[Witness/Respondent]

I agree, but that's.

[Chip]

Look at the guy in the back.

[Marco Rubio]

Your credibility evidence, not your talking points. Because talking points are never a replacement for transparency.

[Witness/Respondent]

I agree, but that's what you're saying. You're saying talking points without an answer.

[Marco Rubio]

We are five months into this and no audits, zero visibility into the contracts that are awarded 100%.

[Jeff]

Fortunately, representative expired.

[Marco Rubio]

Representative Salazar is recognized and giving contracts with no transparency. Exactly the reason why you shut down usaid. What you preach.

[Witness/Respondent]

I. Oh, she gets to scream now too.

[Chip]

Chairman, should we take down your words? I'll give you some time. I'll give you some of my time.

[Commentator]

Let me just.

[Chip]

What kind of thing is this? What is this? You don't.

[Witness/Respondent]

You get asked questions for five minutes and you don't get time to answer. It's not a hit hearing.

[Jeff]

Thank you. Said clown tank dunk tank.

[Witness/Respondent]

I've even used their time. How can I answer the question? They don't even give me time. I've had to use their time to answer your questions. Yes, all right, whatever.

[Chip]

All right. So I don't need to tell you that in my community that with the city that I represent the city of Miami, you're one of the most illustrious representatives and that we're very proud of you. Not only the Cuban Americans, but the Hispanic Americans in in my.

[Witness/Respondent]

Why is she leaving? I'm going to answer her questions.

[Chip]

I.

[Witness/Respondent]

Oh, she's okay. I got it. Well, thank you for coming.

[Jeff]

Oh my God. So why is she leaving?

[Witness/Respondent]

I'm going to answer her questions.

[Chip]

I. I will.

[Jeff]

Everyone looks oh, she's go.

[Witness/Respondent]

Okay, I got it. Well, thank you for coming.

[Chip]

Thank you for coming.

[Reporter]

So we're going to talk about.

[Jeff]

I just went to oh my God. Fortunately represent. Nobody even knows how to respond.

[Chip]

Like that was the best thing. Thank you for coming. Why I was answer your questions. She the door. I'm gonna wait I'm gonna answer your question. Man, I gotta tell you this. These hearings were never fun to watch but these Democrats, they think they're getting these thing talking points.

[Jeff]

They're gonna send this clip oh yeah. And nothing.

[Chip]

And they're gonna send a long letter that they hammer Rubio about the most corrupt. What are you talking about? Remember Biden? I mean remember Obama? I mean like what are we talking about here?

[Jeff]

Non stop.

[Chip]

Just when you think he couldn't get any better.

[Jeff]

Oh oh my God.

[Chip]

It gets a lot better. Scott Besant is a freaking. This guy is like he is. He is completely savage in this one

[Jeff]

look at all hanging out with John Kennedy, I'm gonna keep the.

[Chip]

I'm gonna keep the second. Second one. The second one for the best. But this he. The thing with Warren is too much, man. What's this? Mr. Chairman? Yes. Let's be clear here. Nobody is interested in the ramblings of a capo in the most corrupt regime in American history.

[Reporter]

We want to get some facts about this deal.

[Chip]

That's what we're here for. Thank you. Well, thank you. And I will ask my questions first today.

[Scott Bessent]

And we. We would like to hear what Adam Wyden and Jeffrey Epstein talked about. Your son's largest investment position was Rick's Cabaret. So did your son and Jeffrey Epstein talk about pole dancing as he begged him for money using your limited credibility?

[Chip]

That's the most sad thing I've ever heard. I'm going to proceed with my questions.

[Jeff]

There was, like, nothing I've heard.

[Chip]

Did you. He. Right at the end, he just nails it right on the way out. This is great. Thank you. Well, thank you. And I will ask my questions first today.

[Scott Bessent]

And we would like to hear what Adam Wyden and Jeffrey Epstein talked about. Your son's largest investment position was Rick's Cabaret. So did your son and Jeffrey Epstein talk about pole dancing as he begged him for money using your limited credibility?

[Marco Rubio]

Should I just proceed?

[Chip]

I'm going to proceed with my questions. Shall I proceed? He's like. He doesn't know what to say. Man doesn't know what to say. Well, here we go. Here's another one. This one here is better known as the. The fake Indian. I like to call her this. Oh, this. You should get an award. You should get an award for this one right here. Jeff,

[Witness/Respondent]

why is she leaving? I'm gonna answer her question.

[Chip]

Sorry, wrong one. Why is she leaving? Don't answer a question.

[Jeff]

You boys are delusional.

[Chip]

Here we go. Thank you.

[Interrogator]

Thousands of dollars worth of stock in Robin Hood and the bank of New York Mellon.

[Chip]

Her voice. Can you imagine being her husband and listening to. I mean, can you listen? It's like. It's just, man.

[Jeff]

I mean, so irritating.

[Chip]

It's so bad.

[Interrogator]

113 page document publicly listing all of his individual stock trades at the same time that he is making decisions affecting those stocks. So you're going to sit here with straight face and say it's not a conflict of interest for the President of the United States.

[Scott Bessent]

I'm going to say this party needs to get its house in order first.

[Interrogator]

How about we get the White House in order to.

[Scott Bessent]

I would encourage you to do that.

[Interrogator]

I Don't trade in individual stocks. I don't own any individual stocks. My house is in order.

[Reporter]

Senator.

[Scott Bessent]

Senator, you're very. Mr. Secretary, others on this committee can't say that.

[Interrogator]

Senator, let's look at some individual trades. On January 6th, Donald Trump purchased up to a million dollars worth of Nvidia stock. One week later, his administration changed U.S. policy and loosened the rules on export controls so that Nvidia could sell its chips to China. Now the price of Nvidia stock is three roofs. So Secretary Bessant, you said last year if any private citizen traded the way members of Congress do, quote, the SEC would be knocking on their door. So my question is, should the SEC be knocking on President Trump's door to start an investigation over this trade?

[Scott Bessent]

Again, if this body wants to ban individual stock trading, which I would advocate for yourself, start there. And if you want legislative action to continue, that's your prerogative.

[Interrogator]

So it's our prerogative. So you would support our saying that President Trump should be investigated?

[Scott Bessent]

I would support.

[Chip]

And President, I would support you getting

[Scott Bessent]

your house in order, Senator.

[Interrogator]

And how about the White House getting its house in order? That investigation.

[Scott Bessent]

Please lead by example.

[Interrogator]

I would like to see the President of the United States lead by example. You say there should be an investigation when that kind of activity takes place.

[Scott Bessent]

How about we start with the White House statute?

[Interrogator]

The President, President Trump bought tens of thousands of dollars worth of stock in Robin Hood and the bank of New York Mellon corporation, known as BNY. On April 6, your Treasury Department announced it had chosen the financial agent to implement the new Trump accounts program. BNY and its partner, Robin Hood, both stocks, of course, have risen since then. So Secretary Bessant, let me ask you a different question. If these stock purchases that Trump made were made using inside information, would that be illegal?

[Scott Bessent]

Again, I'm not a lawyer. I'm not going to speak to that

[Interrogator]

and I would it would it be worth investigating? You don't have to be a lawyer.

[Scott Bessent]

Why don't we invest, why don't we investigate? Many people in this committee, Senator, many people. And why don't we start out should

[Interrogator]

have to follow the same set of rules I, that are already the law.

[Scott Bessent]

I, I think you should get your house in order here.

[Interrogator]

My house is in order.

[Chip]

Thank you, Mr. Secretary.

[Scott Bessent]

And you should have your fellow committee members, many on your, mostly on your side.

[Interrogator]

We need stronger anti corruption rules and conflict of interest rules in Washington for everyone and that includes the President. And it includes.

[Chip]

You're aware of Joe Biden and how he had 21 companies that got loaded. They don't do anything. They didn't sell anything. They didn't buy anything. Is she aware of that corruption or that that's corruption, by the way?

[Jeff]

Those are all.

[Chip]

Yeah, all that stuff that she talks about Trump. First of all, it's. The Trump family is not the same as Trump.

[Jeff]

Right.

[Chip]

Okay. And a lot of that's in blind trust. So, like her bringing this stuff up, it's just they're looking for these talking points. They're gonna like amazing newsletter and blah, blah, blah. I mean, that's pretty much what they're going to do. I like that one line. What is this, a dunk tank?

[Jeff]

So on. What is it?

[Chip]

Well, you know. You know, good old Rep. Al Green from Texas, he got. Basically, he's out of Congress.

[Jeff]

Thank God.

[Chip]

This guy was like to Jeff. This guy's belligerent. Listen to this exchange. Jeff, Watch this. A racist Mr. Secretary would do. What happened to Ruby?

[Reporter]

Are you calling me a racist?

[Chip]

A racist.

[Witness/Respondent]

I'm asking a question.

[Chip]

Reclaiming my time. Asking to shut up. That's a pretty.

[Reporter]

It's my time. Call me a racist chairman.

[Chip]

I never called him a racist. It's my time.

[Jeff]

It is, gentlemen.

[Reporter]

He will not.

[Chip]

Tell him to shut up.

[Jeff]

To shut up.

[Chip]

What is up with this?

[Jeff]

They're losing their mind. That's why each one of them, they're so angry and vulgar. They can no longer control themselves.

[Chip]

Would you tell him to shut? Like there's no.

[Jeff]

They don't even shut up.

[Chip]

Shut up. We just shut up. Yeah. The quorum is gone. Is gone. Well, so they had the. They had the. The primary yesterday. There were three people in. In the primary, and there's going to be a runoff between Karen Bass and Spencer. So this is how CNN get him out.

[Jeff]

They tried to get him out.

[Marco Rubio]

Final thoughts on this election night.

[Commentator]

What are you thinking? California Democrats, this is a bad night for you. You have had weak candidates. And on the other side of the ledger with the Republicans, these are also candidates that, generously speaking, should not be performing as well as they are. And yet they are performing well. And this is a warning shot for you.

[Reporter]

Look, I think. I think Karen Bass. It's an embarrassing performance for an incumbent mayor. If, if, if, if, if, if Mr. Pratt does not win this tonight, if he. If he doesn't make it to the. To the final runoff, she should still be embarrassed. Message sent by Los Angeles voters. The Democrats suck and they need to do something to fix their city.

[Jeff]

Karen Bass won tonight and lost the argument. And Spencer Pratt has won that. It's not likely to win in the general, though.

[Marco Rubio]

What do you think?

[Political Analyst]

I'm going to zip over to Iowa, where the news for Democrats, I think, was better tonight than what we're seeing out of California, which is that this argument about what Trump has done to the economy is salient. I think Democrats nominated the Senate candidate who can potentially win in a state that you know is going to be an uphill fight. But. But where I think it's possible. So if you're looking at. If you're looking toward November, I think there were a lot of really good signs for Democrats in Iowa.

[Marco Rubio]

Final predictions on when we actually will

[Chip]

have the foul numbers out of California called delusional ideology. Right there. Yeah.

[Marco Rubio]

What are you thinking?

[Chip]

I have no idea.

[Jeff]

The last thing I'd want to do

[Chip]

is predict what California says.

[Marco Rubio]

The Florian. Yes.

[Commentator]

Yeah.

[Chip]

No, he won't predict, but he said Bass is going to win in the general.

[Jeff]

Yeah, he already said that.

[Chip]

That's not going to.

[Jeff]

What is that? Yeah.

[Chip]

All right.

[Commentator]

If I had to predict when California. So if we're doing like, what are we betting now? Are we, like, are we all going to price? Like, we should do a cash. I mean, I think, you know, it'll be like a week.

[Chip]

Right.

[Reporter]

You've got to wait seven days.

[Jeff]

Seven days.

[Reporter]

Get ballots in and then the primary know, verify signature. So, you know, 10 days, two weeks

[Political Analyst]

from now, $1, $1.

[Marco Rubio]

Price is right. Okay, finally, finally. This is on behalf of Ken la, who's been outside of the headquarters of Spencer Pratt. Do we think that Spencer is actually going to speak or let the press in at least for tacos?

[Luke Judges]

No.

[Political Analyst]

Oh, I do, I do. Oh, I do.

[Commentator]

I think we just heard that there's like an entire 1980s pantheon back there of, what will you say? Of sort of stars, Jeannie Garth and other people from back in the day, all his. All his crew from. From his Hill days. What is he going to say?

[Jeff]

He's going to declare victory.

[Commentator]

Yeah.

[Luke Judges]

And say he won.

[Political Analyst]

He's going to say this was a wake up call to the establishment.

[Reporter]

Whether he loses or wins.

[Jeff]

He won. He won the argument.

[Reporter]

He won. Spencer Pratt won. Wow.

[Marco Rubio]

That's the final word on this.

[Chip]

Anyway, it's more rambling like that, but he's winning.

[Jeff]

He's winning.

[Chip]

One of the reporters on the scene happened to ask a question that she wasn't ready for the answer and she pulled away from the interview. Watch this. She kind of freaked out. A little panic there at the end. Listen to this.

[Field Reporter]

A much more lively vibe and in very LA fashion. There's now a chopper flying overhead. He's having his party at a Mexican restaurant that he has loved for years. And there's some Spencer Pratt supporters here who seem in a very good move.

[Chip]

You guys have Instagram, Patriot Wildcat.

[Field Reporter]

You guys have probably seen the latest batch of polling that just came out shows him doing pretty well in second place, just 10 points behind Karen Bass. How are you feeling about that? Do you feel really confident that he's going to make it to the run up?

[Marco Rubio]

Definitely he's going to make it it to the runoff. There's a lot of people who already voted for him. Their votes haven't been counted yet. They voted day of the election, old school style. So I think his numbers are going to get better.

[Field Reporter]

What is it about Spencer Pratt that you just resonating with you?

[Chip]

Because he's speaking out against communism and socialism and it is real big problem in our cities, especially in la where it's turned to crap. It's not an accident. They're doing it by design. Karen Bass wants to destroy our city. And it's nice to see someone like Spencer. I can simplify it because those buzzwords are like, they, they, they, they melt the brains of like left, you know, leaning people.

[Marco Rubio]

So let's just say it this way.

[Chip]

He doesn't want you, a human feces,

[Marco Rubio]

to be a part of your life.

[Chip]

He doesn't want homeless children outside.

[Field Reporter]

Thank you.

[Jeff]

Like that.

[Chip]

Oh, you ran away.

[Marco Rubio]

Homeless people outside of the element.

[Chip]

We appreciate you.

[Field Reporter]

We talked about a lot about the homelessness.

[Chip]

Thank you.

[Field Reporter]

All right, listen.

[Chip]

Don't appreciate you, ma'. Am.

[Marco Rubio]

I got it. Thank you for navigating that so well.

[Field Reporter]

No, we can, we can.

[Chip]

I don't appreciate you, ma'. Am. Oh, she didn't like.

[Jeff]

Oh, she didn't know what to do with that. Great. And you'll love that time. Driver from the 70s got the cigarette. He's got the wi.

[Chip]

The drink chain on. He's like, hey, ladies, you want to swing? Hello, ladies. Wild and crazy guy.

[Jeff]

Why are dumb Democrats dummy craps so useless? Pieces of.

[Chip]

That's a good question. I'll tell you this one, Jeff. You couldn't have set this question and answer up any better than you did. And it's completely lost in this. Dude, this is the best thing. Listen to this.

[Reporter]

Why her over a bath? Well, she's Indian and I'm South Asian. What do you think about Spencer Pratt?

[Luke Judges]

Not much.

[Reporter]

Do you think he has a chance?

[Luke Judges]

I don't know. Do you?

[Reporter]

I mean, if people are willing to like Trump. Some people just want to vote for the white guy. That's true. Just cuz they're white.

[Luke Judges]

That's unfortunate.

[Reporter]

What do you think about that? People voting on like the. Based on like race and stuff.

[Luke Judges]

I think it's a kind of unfortunate because you should be looking at someone's credentials.

[Witness/Respondent]

Really

[Jeff]

said he was gonna vote for the Indian guy.

[Chip]

Right. But that's unfortunate. You shouldn't be looking at the race should be on their credentials. I mean that was such a beautiful T ball and he told.

[Jeff]

That was a good setup.

[Chip]

Oh my God, that setup was just incredible. Man.

[Jeff]

These guys out there just, they're just.

[Chip]

And here's Spencer Pratt weighing in debate Karen Bass again. And. And what do you want to tell her if she sees this?

[Reporter]

You know, I love debating her on NBC. I look forward to a couple more on NBC and Fox. We can do debates every Friday if she would like because it's actually became my most favorite thing to do.

[Jeff]

So.

[Reporter]

Yes. As many debates as Mayor Bass would like. Oh, I mean she knows it's on. She, she's. I hope she's ready, you know, because I am. I literally could not be more excited.

[Jeff]

This is a campaign that started because

[Chip]

you lost your home in the Palisades

[Reporter]

fire because your parents lost.

[Chip]

I thought I was gonna say it's all like Donkey Kong.

[Jeff]

That's exactly what I was waiting for.

[Chip]

Right. It's on. He was going. I almost felt like he was gonna go there. He didn't quite go there, but I thought that maybe.

[Jeff]

So Nithyan Ramen, you know, he was thinking it.

[Chip]

Ramen. She got in the race. She originally endorsed Karen Bass, but they needed another Democrat because the two, you know, the two top. Go on. Right. So she was trying to like filter the boat off so Karen Bass would get the runaway. But they didn't. Neither one. Nobody eclipsed the 50 mark. And so this was a little bit surprising. Josh just broke down crying. Listen to this.

[Marco Rubio]

This room is fighting for in this campaign has been about building a city that's worthy of you and every child in this city. And so while the tone tonight certainly was celebration.

[Chip]

What's she talking about? She jumped in the race just to try to help Karen. Bastard. Like she thought she had a chance. Remember the dude we played the other night from CNN saying oh, she's gonna win, people are gonna back her. Meanwhile, she's the first one out. That never fails, Jeff.

[Jeff]

So insane.

[Chip]

It never fails. What are you gonna do? There's a Lot of. That Indian guy was the best. So I love that. He was absolutely fantastic. Well, we have this last one here. Here's. Here's a. The new Bud Light ad right here. This is for Pride Month. It's for Pride Month. There we go.

[Field Reporter]

It's Pride Month, and I'm celebrating with my favorite Bud Light.

[Reporter]

Bud Light is fixed.

[Chip]

Pride Month. We're back. So Strickland, he cut this part of it out. He put. He put the part. It was just. He's like punching her. He's the greatest. And every after interview he gives where he just goes off on the reporters for asking dumb questions. Well, let's see this one again. Hi, besties. It's Pride Month.

[Field Reporter]

Hi, besties. It's Pride Month, and I'm celebrating with my favorite Bud Light.

[Reporter]

Bud Light is fixed.

[Chip]

Say, love that, Jeff.

[Jeff]

That's amazing.

[Chip]

So we're getting close to the end here. Even got a couple more minutes. But I'll say this, Jeff, when I think about all the things that could happen.

[Jeff]

Lockdowns.

[Chip]

There you go. Ground zero for lockdowns. Well, I hope your country's turning. Hope you guys are going to make a turn to the right. There's one. There's two big questions here, Jeff, and they go, these are your two choices. On the left, you can say be afraid of being called a racist and choose that path, or you can go to the right and you can save Western civilization.

[Jeff]

Always save Western civilization.

[Chip]

Always bet on saving Western civilization. Or you can be afraid of calling a racist if you're a weak, feeble person. Had a this great discussion this morning with a buddy of mine, a crypto buddy, over that. He was saying, do you think the UK has a chance? Oh, dude, I think Ireland has a shot because they don't call them the Fighting Irish for nothing. Okay, I said the iron. Yeah, what I see happening in Ireland. But when you see this young kid who gets stabbed and the officers treat him and cuff him and he dies and they release the footage. I didn't want to play it here. It's disgusting and sickening. It's horrible. And then they went after the police and everything, the stuff that continues to happen, and they're like, well, maybe it'll stop. It's not stopping. But this is what happens when you give up your guns, though, Jeff, and you give up your guns.

[Jeff]

I wonder what happens over there, though. Did the. Does the family have an action to take against the police and against the city?

[Chip]

That's an interesting. But it is. It's. It's. It's unbelievable to see. I mean, there's been some protests, you know, even Tommy level protests. Great. Everyone feels good for a day. It's like, no, dude, it's the only thing that's going to save the UK. 15% of your, your cities are run by Sharia law, Muslims. I'm not saying all Muslims bad. I'm saying the ones that are in Sharia law. I want to turn your cities into a third world. And they don't assimilate and they don't care about Great Britain's traditions. They don't care about what they. First thing they did when they took. Started taking over London, shut all the pubs down. Why? Because they don't drink. Well, so what if you don't drink? Then they wanted to start.

[Jeff]

Yeah. Now they're killing animals.

[Chip]

Why do you have to come here? And you know. But that's because it's divide and conquer. That's all it is. Conquer, want to conquer. And the good Muslims that, that do the right thing, that don't. They never, they never. They don't open their mouth. As far as I'm concerned. You're just as bad. The reason they don't open their mouth because they like their heads attached to their body. But, but still, they should speak out, really.

[Jeff]

No suit. England pioneered sovereign immunity.

[Chip]

Well, there you go.

[Jeff]

Well, that police at least, I mean, you know, it's not just wrongful death in that situation. I mean, those guys are actually directly responsible at that point. They're participants in. So I wonder if there's a case, an action against them individually. That's crazy. Another reason not to live in England. There's the reasons as to why we separated from England 250 years ago keep stacking up. It doesn't end like even today, 250 years later, you wonder why people from England want to come and live in the United States.

[Chip]

Right.

[Jeff]

There's, there's another reason. The list is long and you know, they, they did that site, I think we played it here and they were shocked. They did a poll of the people and they realized that if they compared their economic status of England to the United States, they would be the 51st. They're the worst performing economically of all of our states. And so. And they were shocked. They thought if they took England that England would rank amongst, you know, our top 10. Nope, not even in the top 50.

[Chip]

That's pretty funny.

[Jeff]

That's pretty bad for them.

[Chip]

That's pretty bad. Well, I've got some good news, Jeff. You're going to be very Happy to see when you see this news. This is very good news. It turns out the California has finally announced that they finished counting the votes and Ronald Reagan won his 96, 1966 governor's race.

[Jeff]

That's got to be Babylon. That is Babylon.

[Chip]

That's the Babylon. The bee never misses, as we say. Oh, and there's some interesting news here, Jeff. Hamas announces Pride Month kickoff party on a roof of every small hotel. They never miss, man. They're freaking spots every time. And this one, Jeff, look at the scene. Typical scene you see all throughout the uk, Right? Something roped off. Police, you're thinking, well, UK stabbing suspect pleads Muslim.

[Jeff]

Oh, my God, that's too much.

[Chip]

I don't know who writes this stuff.

[Reporter]

I don't know.

[Jeff]

They're so. They're so fast out of the world.

[Chip]

It used to be a lot of things, unfortunately. Yeah, just weak, feeble people over there. Just weak, man. It's like there.

[Jeff]

There is no, you know, definitely, there's something wrong.

[Chip]

It doesn't change. 250 years later, we're about to celebrate our 250th birthday. Do you remember they, like, had bright red jackets on. They're marching in a row. And the, the. The, you know, the. The call sign was. Until you see the whites of their eyes. They're hiding out in, you know, guerrilla warfare. Hiding out. They don't have any real uniforms per se, and they're all hiding out in the bush and they're getting picked off one by one. It's like, let's see, what would be a really visible color? White. Nah, it's not as visible as red. Bright red outfits. Single. We walk and march three across and they pick us off. We still have two left.

[Jeff]

That's right.

[Chip]

I mean, nothing's changed.

[Jeff]

It's the same culture, same mentality. Yeah.

[Chip]

Polite. They're too nice.

[Jeff]

Uk, the nation of pensioners. That too. Yeah.

[Chip]

Pensioners, of course. But. But pensioners are like. But they're all. They're all on the door. They're all on the dole. Yeah.

[Jeff]

It's on the take.

[Chip]

They're all going to take. They're all in the door. And that's what it becomes after a while. You get that whole, you know,

[Interviewer]

oh,

[Chip]

my goodness, what are you gonna do? George Lucas releases edit of the Bible where Malchus attacks Peter first. Did you see this one, Jeff? This was the biggest shock of all. There you go. This was a huge shocker right here, Jeff. Some big shocker. Pride Month. Shocker. Burton Ernie come out as straight

[Jeff]

There's. There are the two guys in the neighborhood. They ride their bikes together around the neighborhood. I don't know. I don't know their names, but I refer to them as Bert and Ernie. It's the greatest. I'll come home, I'll say, I saw Bert and Ernie, or I saw. I only saw Bert. I don't know where Ernie is. When you see them, if you ever saw them, you'd be like, that's Bert and Ernie. Like, it's such a. The perfect duo for Bert. Nurnie, you gotta love 20 to me.

[Chip]

Yeah. So we should read a couple more of these ones. So here's one. Look at this strong warning right here. Sesame Street Kids material that is unsuitable for children. Viewer discretion is advised. Wow, that's something, I imagine. See that? And then this one here, Jeff, look at that. Looks like Noah's Ark right there. If you look, it says, oh, first ever Pride Month ruined by 40 days of rain. God, the B is just fantastic. They really just. They. They almost get better. And then. These are so good.

[Jeff]

You know, it's funny. Just one last neighbor story. So I've got another neighbor, and it must have been. I don't know, it was more than. Definitely more than 10 years ago. It had to be maybe 16, 17 years ago, maybe even longer. But we're driving home one late afternoon, and as we're coming around the corner, the neighbors were out in the street, and there are all these people out, and they're obviously partying. We drive by slowly. We're in the big truck. We're driving by, and he shouts out. He goes, you. Why? You guys want to come over? This is the. The dad, you know, because you guys want to come over. We're playing Quarter Bounce. They were trashed, right? I didn't know his name. I didn't know his name for years. And I just referred to them as quarterbacks. So I had Martin already and Quarter Bounce wife. I said, I just saw quarterbacks. And she got.

[Chip]

Every house in a neighborhood, everybody has a nickname. Like, you don't know their name, but you have whatever. Yeah, like, well, we had. We had the neighbor across the street. Honestly, Jeff, they would. They would get it. They would. They would close their car doors and they'd run inside the house. We call them the Runners. You're like, hey, hey. Okay, well, whatever you try to say, the Runners, you know, I had this name for the guy at the gym for the longest time, and it was weird. I got a little worried. I didn't see him for a long Time, like, for years I would see him at the gym, and then my wife started asking me if, did you see super skinny guy? Dude? The guy would work out, like, to. This guy could. Honest to God, he could spend an hour, two hours riding full, full bore on the. On the. On the elliptical. The guy was benching. Dude, his legs were this thin. I don't know. I honestly don't know how he did it.

[Jeff]

Yeah, he was.

[Chip]

He had thin leg. He looked like one of those little figures used to bend around. He looked like that dude. I mean, he was buff, but he was just. He was just thin. He could. He was in shape. He had. I could buy his 0 body fat, like, maybe negative body fat. I don't know. He might. That might have been his problem. But the guy could work out that. He would be like two, three hours in the gym.

[Jeff]

Maybe. That's why.

[Chip]

I mean, I don't know, man. The guy was something. Look at this, Jeff. Social influencer gives birth to a new revenue stream. There you go. There you go. And that's all the time we have, guys. Back on Saturday. Saturday, One day only on Saturday. Saturday, Saturday, Saturday. One day Saturday. The big truck pull will be on Saturday. Monster trucks will be everywhere Saturday. There you go. All right. Well, that's it. Pride Month.

[Jeff]

Boys are delusional.

[Chip]

It's a joke. Well, I like all the. The red states, Governors are all signing. Nuclear family month. Family Pride Month. You know, all this kind of stuff. Who gives a. With your sex. Right? Exactly. Had a great video I was going to play. It was a little on the long side, but maybe we'll play it on Saturday. Was a good one about Saturday. Saturday played on Saturday.

[Jeff]

Saturday only on Saturday.

[Chip]

There you go. Later, dudes. Yeah, later, Joe. All right, that's it, guys. See you on the next one. Chip and Jeff, you know that we say margaritas,

[Jeff]

Are you down with otc?

[Chip]

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