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Jeff
So I think we just crossed a line. Maybe it's a line in the sand. And I don't think most people actually have even noticed yet. Why? Because for years we've been talking about what could happen, what Ripple might build, when institutions might finally show up, when regulation would catch up. Something has actually changed this week. Not because of one headline, but because. But really because of every headline that, that we're seeing.
Chip
Yeah. And if you look at today's news individually, Jeff, and we talk about this a lot because this is where people miss stuff. I'm seeing old narratives from 2018 surfacing where people still think that ripple's gonna replace Swift. Let's take a look at Monica Long. Let's think about Moonpay, FedNow. What about Franklin, Templeton, Citadel? These are the players of today. And the big one that ends everyone's mind, Jeff. It's the clarity act now by themselves. Yeah, I just look kind of random. But when you step back, kind of telling the same story. Not narratives from 2018, narratives from 2026. Welcome to this next decade where major influencers out there continue to get it wrong and mislead.
Jeff
It's amazing. They love the FOMO hype and the dancing bears of 2018. But you're right, we have, we have moved on a little bit. And really the part that's really the part I don't think enough people are seeing, maybe they're not actually getting it yet. You know, everyone really still keeps asking, as you mentioned, what's Ripple doing next? You know, and I think we're actually asking the wrong question. Why? Because the better question is really who's connecting to what Ripple and has already built. I mean that's, that's the key, right? And there's others that are building within the ecosystem. We should ask the same question about what is Flare actually building and then who is actually going to be connecting to what Flare builds? And we can keep that line of questioning going from, from company to company because when you really start connecting all of this together, it doesn't really look like the companies are experiment anymore. It really looks like all of this financial infrastructure is really starting to come online.
Chip
Yeah, that's exactly it, Jeff. And also upcomers like you see Canton Network, a lot of people in the community are like, oh, who are they putting them down? They don't realize that just like any business, there's so much room for so many players. They have a specialty in something. And Flair saw something posted yesterday. Is Flare out done? And I'm like, sometimes the mental illness runs pretty, pretty far and deep. But look at it. You got payments, stable coins, tokenization, Wall Street, Washington. They're not like necessarily moving independently anymore. I mean, they're kind of what we're seeing over the last year, year and a half. They're actually moving together, Jeff. And so, like, when that happens, let's face it, man, everything really changes. And that kind of brings us to today's title of today's video. They're just connecting to XRP now before anybody asks who's they? Right. And when we see xrp, is it really XRP or is this something bigger? That's what we're going to kind of show you today. Because by the end of today's show, I think you probably want to look at it a little bit different. Kind of the headlines. Start analyzing. We'll teach you how to read stuff. Analyze and kind of look a little bit deeper than just, oh, look at this headline. And let me run here, let me run there. They're connected, Jeff. And we're going to break it down. You ready to get this things started?
Jeff
Let's go.
Moon Chaser
Let's go.
Chip
Welcome to on the Chain.
Jeff
All right, welcome back to on the Chain. This is Jeff here with co host Chip. What is going on? Chip, what is going on? Everybody out there in the on the chain community. All right, so let's answer the question, who just connected xrp? Because if you're only looking at one headline this week, it was only chip and nobody else. That's it.
Chip
Nobody else.
Jeff
Chip is the connector. So. But you probably did miss it, right? Because if you're not stacking all of the different articles the post over and then we're not talking about just this week. Right. And Chip mentioned the past year and a half, you really have to go back and say, hey, something is different. Definitely shifted here. And really when we start looking at it and if you do start connecting the dots, something is actually becoming very, very obvious.
Chip
Yeah. And it's like, yeah, it's great to follow Ripple, but there's so many companies and orgs when it comes to not only stable coins defi but there's so much going on. But think about the payment networks. Think about when it comes down to stable coins. You know, it's, it's asset managers. I mean, even Wall street is paying attention. The bigger one, Washington and the Clarity act, we got some news on that today. They're all sort of moving towards this financial infrastructure. There's a big key reason why especially United States and the Clarity act, why it's such a big thing because it's a revolution and it will change a lot of the way business happens in the United States. And some are fearful of that because they want to hold on to legacy systems. Jeff.
Jeff
They love the legacy systems. And that's really what today's show is all about, right? It's not about Ripple. There's so much more to get into. It's really about everybody else. It's about everything that's going on within the ecosystem. There's such a much bigger story. And again, it's not just focus and that we spent too many years about lawsuits and, you know, what is one company orchestrating and developing and building. It's really, you know, who's starting to build on top of this ecosystem, who's using the xrpo, who's doing so much more within the crypto space. And you bring it back to regulatory. Regulatory is going to be a really critical part of everything as we put over all together. And there's only one great president out there and the only crypto president, and that is Donald Trump. Thank God for the greatness of this country and the leadership that's pulling us into being the leader of the crypto nation.
Chip
So speaking of another great president who's done an amazing job here, leads us to our story, which it teased a little bit earlier, Jeff, but that's none other than Monica Long. And so Monica Long, Ripple president, she was just landed on stablecoins most influential 2026 list. She's recognized in two categories. So not only top women in stable coins, but also issuer and protocol leaders. And her leadership's been central to bringing, you know, R.L. uSD to market, expanding its real world utility. Utility. Very well deserved. I had the great pleasure of meeting her in person and, you know, I mean, she's meeting a lot of people. I asked her a couple questions. I don't even remember what the questions were at this point, but had a little time to meet her. I was at Ripple Swell last year and I remember it was like one of the kickoff events that happened prior to that. And she's very personable, very friendly. I mean, she knows me from nobody. And I saw her being genuine and, and just nice to everybody. You know what that's hard to do when you show up at an event, you get attention, attacked by 50 people, 100 people come up to you and want to have a conversation with you. And she treats everybody like they're like, you know, unique. And like that's the first time that she's Ever met anybody. So it's really great. Let's go to the. Let's go to the list here. Okay, so here's the stable coin list, the most influential. And here we see if we come down here at issuing protocol leaders. You can see some of the folks there. But there's Monica right there. Ripple President. But you got some other people in here too. Even some orgs that I don't like. Pacos and. And Custodia Banker in there. You know, Caitlin Long, of course, she's got her ongoing lawsuit with the Fed. And I think she's gonna win. I. I still think she's been being dogged here to, you know, by. By large. And then she's in another one. Let's see if we see it here. Where's the top women? I don't even know where. That's probably. There you go. Top women. And so.
Alchemist
And.
Chip
And there you go. So the two top women and issuer and protocol leaders got Caitlin Long and Monica. And Monica Long and. No, they're not related. They're not related. I don't think they are. Maybe they are. I mean, but I don't think they are. But it is funny that they're. That the two women are both with the last name Long. Interesting.
Jeff
That is interesting.
Chip
Let's take a look at who they. Let's see who they see as the top 10. Right. So Scott Bessent, obviously, U.S. treasury Secretary, a complete badass.
Jeff
Most influential.
Chip
You're not gonna. You're this guy when you see him before the press. We got some. We got some Scott percent videos today too. He's the guy. CEO from Tether. Of course, we all know Jeremy Allaire from Circle. We got Zach Abrams from Bridge, which is Stripe. Brian Armstrong, of course, CEO of Coinbase. That's a little weird. I don't know how influential he is, honestly. I do think he puts a lot of stuff out there, but I don't know about influential. I think he has an important place. He built the largest, most successful, at least United States exchanges. Oh, yeah, you got Stani Kulf, which is from a. You got Athena Labs Guy Young and Katie Han from Han Ventures. We've seen. We played her videos on here. Everybody recognizable, of course, Daniel Vogel from, uh, Bitso. But there you have everybody. Weird. That Larry Fink made it on here. That's a very strange play, that Larry Fink. Yeah, he's been through.
Jeff
What do you think about that?
Chip
I don't think he's top 10 material. Sorry. I just don't think he's top 10 material. Look, you know, when you think about, you think about putting somebody on here from a giant bank, you know, BlackRock, you know, you've somebody from a big, you know, financial services company. I guess. I mean, is there, is there somebody better? I mean, I don't know. But I don't necessarily think he's top 10. I think he has had an impact. I think he has been of late pro. You see him as like top 10 influential. I see, I see someone like a Garlinghouse being more influential than something.
Jeff
Garland House isn't on the list.
Chip
It's a, it's a bit of a surprise. Yeah, yeah, it's a bit of a surprise that he's not on the list. I mean, he's on Fox Business and cnbc. He's a recurring guest too. And they don't, you know, a normal segment on those shows is two to three minutes, two and a half, three minutes, sometimes three and a half. He'll do six minute segments, which is really when you have returned guests that come back on CNBC or let's say, you know, Fox Business, those are longer segments reserved for people that have something to say. Usually you got to move on to the next guest. Two and a half, three minutes. Sometimes you're watching an interview, you're like, oh, that's pretty good. And then like, okay, now tomorrow, next we're going to go to. You're like, whoa, whoa, whoa, what happened? Garlinghouse always gets six, seven, sometimes eight minutes on those shows. And I don't know, I. And it's all. He's always been pro industry.
Jeff
So Khabib Turbo is saying because of the quantity of asset that they own. So just that's influential by default. Which, you know, that makes a big difference.
Chip
That is, that is not a bad way to look at it right there. But yeah, I mean there's a, there's a lot of categories here. You know, you got payments and infrastructure builders. And what's odd here is you do not see anybody from Ripple here.
Jeff
Nothing.
Chip
Right. But you see all the, some of the, you see like, you know, PayPal's of the world, BNBK, NK Bank, Nala, you know, some of the like Mesh. But again, maybe they don't think, you know, light spark is even on here. David Marcus, which built, what he built is runs on bitcoin and it's a payment system, but it's mostly powered by bitcoin. David Marcus, I believe is ex PayPal. Don't quote me on it because I'm 100 sure.
Moon Chaser
There.
Chip
But you know, you see some of the typical players, but what you don't see on there, you know, even stripe Privy from stripe is on there. You see, you know, and some other players, but you think about a payment infrastructure company.
Jeff
Stable. I didn't even really notice that. It's stable con. It's not a stable point. It's stable con.
Chip
Stable con. Yeah. I read it wrong too. Stable con
Jeff
with a hurricane. Why do they have like a hurricane graphic?
Chip
It looks like an S.
Jeff
Looks more like the hurricane graphic to me.
Chip
Yeah, it's like maybe trying to. I'm looking under trade fight too. Like visas in Anchorage. MasterCard. Like this list makes kind of sense to me. What's interesting is you have. You've got Raj Damortaradian. He's the EVP of Blockchain. But then you also have Michael Me back, which is the. He's the CEO. So you got two of them on there. You got fireblocks, circle things you'd normally are custom seeing. But then here we have right here, there's Jenny Johnson. Franklin Templeton.
Jeff
Franklin Templeton. Yeah.
Chip
I think she's been highly influential, I think in the list. And of course a very big proponent of not only Ripple, but I mean everything xrpl, which is.
Jeff
Then who's the only. The only one for D5 protocol and on chain finance, 1. How. How is it that you can only have one influential?
Chip
That doesn't make any sense to me.
Jeff
Because if you think of speakers at the event. Is that what this was?
Chip
Maybe. I don't really know what this list is. Stable podcast.
William Lajeanness
I don't.
Chip
I mean, I don't know. I mean, content. What is this? Stable Coin. Stable Coin News, podcast media and content.
Jeff
So everything around Stable Coins, Stable Content, the Stable con.
Chip
It's funny, this is powered by Beehive. So taking all the stuff over there
Jeff
from there and with the top ten at the top eight, do this.
Chip
Let's see what they have here first. Production trades. Yeah. So I guess this is stable. This is dedicated. All. All things stablecoin. Of course it branches off into some other things. You can see they're pitching their videos and everything.
Jeff
Yeah.
Chip
So. And then there's the most. This is how they get. They create a most influentialist and this is how they get everybody's radar. The state of stables. There you go. There's the. They put a report out what's going on with the Stable Coin podcast.
Jeff
State of stables.
Chip
But there you go anyway. Good to be recognized on the list, especially showing up in two places oh it's cool.
Jeff
It's a good talking point.
Chip
Yeah, it's a good talking point. And again it's just a little surprising I didn't see more of that on there. Which is, which is wild. And then look at this here you got moon pay breaking Moon pay now supports fed now bringing the Federal Reserve's instant payment service to our virtual accounts. But this milestone USD can be settled 247365 days making real time payments between tradfi and defy a reality even when banks are closed. Bullish, yeah, big time bullish on this. I mean the banks are still clicking to I'm sorry It's Friday at 5. We'll have your money to you on Monday morning. I mean they still cling to this stuff.
Jeff
It's like we kind of have to because they're. But their whole infrastructure is still legacy.
Chip
It is. Isn't that funny Jeff, how the, you know, banks have not really made that many improvements. It's kind of like the same thing over and over again. They really haven't, they haven't gone to that next level yet. I wanted to put this, this next post up here. Vet posted something which I find this to be. This is where. This is why we're here to begin with. And you probably would say well why would vet be doing this? Well there's a good reason for it but vet was saying that he had to send an international European wire to the United States to be received in USD. Days have passed. Money somewhere stuck in an intermediary bank requested a swift hit twitch. We've been through this job. A swift trace to figure out where it's actually stock.
Jeff
You'll never find out.
Chip
Right. Likely it's pending somewhere for conversion from European to USD at someone's international wire desk. Payments still stuck, especially internationally on the XRP ledger. The Dex cross currency payment between you know, euro and the USD would have been settled within a few seconds globally verified by anyone. You don't need to ask somebody else to tell me where the money is. I can check myself 24 7. But the thing about this is. Yeah, that's great. If banks were using the system because they could take the fiat currency euro, run it through the xrpl. And why they're not doing this is because they make money, Jeff. This is. They charge fees for this stuff. You know, a wire transfer costs what, 35. Is it 35 or 50 bucks? You got wires and you got, you
Jeff
can the intermediaries there, there's so many variables to it. You know across the board, you know, especially if you have to use a third party, you know, for the transaction. Depends on what the. There's a lot of fees involved and then it's just zero transparency.
Chip
Zero transparency. And like, what that's talking about. You can't even find where the money is. He has no idea where it is. He doesn't even know where to look. Right. Because you got to put like if you, and if you go ahead and you do that swift trace, good luck with that, that turns up nothing, then
Jeff
you reach out to them. Where is it? Oh, no, it's still in process. And then seven days later, oh, there was an error, so it terminated. They're returning the funds. Okay, do I get my funds back? No, no, it's going to take three to five days for you to get your funds back. And then. Right. So now the whole business transaction is now delayed by like two weeks because there was some glitch in their system. Maybe someone even transposed a letter wrong. Something happened during the process and you'll never know. You don't, you don't know until all the funds get returned and two weeks later and everybody's upset and the bank doesn't care. That's, that's the legacy process.
Chip
Every single time. You and I have been through this so many times, we're blue in the face. And you know, you're trying to get transactions done. And then, you know, the other part of it too is like, especially if you're dealing with volatile currency, if you're dealing with like a rupee, you're doing something with India. You know, you've got the, the, the fluctuations in, in the, in the fiat currency. So what, 10 days ago cost this. Now, oh, now the currency drops. So now that's not going to work. It's not going to play. Didn't convert the currency fast enough. Got lost
Jeff
that ride. Fk Western Union, four years now. Canada bank to Sierra Leone to my phone wallet in seconds. Also my ledger card in XRP to Euro to USD to Leon in my wallet in 3 seconds. There you go. But there are ways to do it. There are solutions out there, like internally domestic you can use, you know, you have some solutions to move money around and then, but it's not full real settlement. And it's not like you have access to big funds 24 7. And then think about the limitation that on moving funds, sometimes someone has a newer account or maybe the account's not fully vetted or validated, I don't know. But sometimes you try to do a transaction and someone will tell you, I can only move $25,000 at a time or I can do a full transaction for 50,000, you know, but the deal is 100,000 or 150. And now all of a sudden you're breaking it up. Yeah, I, it's insane. We just did a transaction down in the Bahamas and he was moving money and he had, every couple days he had to move money. And his max amount allowance was 25, but with fees that meant you couldn't send the full 25. You had to send a fraction of it. And it went, it took, it took like two weeks to move all the money as he was transact because he could only do it every couple days. And that meant he only had a couple touch points a week and he had to send like $200,000. And I'm like, why are we doing this? It was insane. It actually took him three weeks to do it to move all the money. Three weeks.
Chip
That's crazy.
Jeff
In $25,000 increments.
Chip
Oh yeah, I'm, I'm actually putting on here, I'm actually adding this to, to vets. I'm asking if he tried wise. Back in the day, I used to use wise and was it wise?
Jeff
How wise was it?
Chip
Very wise. Look at this. So here it is right here. This is for sending money internationally, so you can go to 140 countries. So this example here shows Germany, you're sending a thousand dollars USD and the recipient gets $869, arrives in seconds and it's included in USD amount. It's 5.47 is what it costs to send that. And let's do it. The opp.
Jeff
Alchemist. Alchemist. Use wise.
Chip
Yeah, I mean a lot of people use wise. And I, back in the day, you know, years ago, it's even better today. But that's why I'm saying like it. And this is too. Look at this. The transparency that you can see on the pricing shows you right here. And then look, they're com. They're comparing it to these other banks because we're in the US but they're showing you like the bank bank of America, they get 849 Euro.
Jeff
That's 28 dollars.
Chip
Yeah. And it's 28 bucks. And then you got. Wells Fargo's taking $30, $30.76 dollars. Right. Don't get it there. Sure.
Jeff
But plus 499.
Chip
Plus the 499 service charge. Where wise. That's all they have is a service charge. Right. And look at the, look at the exchange rate too. It's 0.87 versus 0.84. So you're getting, you're getting zapped on the, on the, on the exchange rate on top of this is 0.84, 0.84, 0.83. Look at PayPal. 0.83. 41 charge plus the service fee of five bucks. Are you.
Jeff
Imagine you're paying $45 for your 46, 47 for the entire transaction.
Chip
Euros versus 869. So you're paying a pretty hefty price right there. But yeah, Wise is a decent alternative. I've used it. It's pretty sound. People get the money. It's pretty decent.
Alchemist
Yeah.
Jeff
Alchemist saying Wise also has a 3.15 APY on the USD.
Chip
I'm interesting. That's weird. They don't note that anywhere here. They said they were transparent, but that's interesting. So I guess that's on us only, right?
Jeff
Yeah, Interesting and right. FK said the crypto cards cannot do Western Union, but can send to Wise and then to Western Union to get money. As I'm a Canadian working in West Africa, live in the Dream beach site.
Chip
Nice. I always love when you hear from the community and their experiences, like what works, what doesn't work, you know, what does that say?
Jeff
Those are also small amounts. You have to opt in for the interest as they report the interest for tax purposes.
Chip
Yeah, yeah, so I see that right here too. So it says right there, if you receive interest, interest, opt in and get a pass through FDIC insurance up to 250k. So that's optional. Right. So you have to opt into that. If you don't opt into that while you're on your own, I've noticed that like some, some people, when it makes sense, like especially on a certain platform where there's monetization now they made it three clicks for every video to go. Click in. Click the monetization. It's like, it's almost like a. Oh, yeah, you can forget about it. And this is what, this is, what some companies bank on is that you're going to forget about opting into that.
Jeff
Thank you.
Chip
Oh, you did not think that. Oh, so sorry. If you make it standard on everyone because you're, you know, there's a certain amount of people, you know, the biggest racket in the United States are these, these gift cards. So you get a gift card for somebody, look, you want to give someone a hundred bucks, but you don't want to put 100 bucks in an envelope. So you, you Buy one of these gift cards, it costs you $107 or $106 to give them a Visa Vanilla card, whatever, and they get the card. Well, the funny thing about these cards, first of all, they have an expiration date. And then it starts getting weird. It's like when you get down to like $4 or $9 and 26 cents, you don't use it because you can't cover it all. And sometimes online, you can't split payments. A lot of people buy stuff online. Sometimes in Amazon you can put on there. The whole thing is. Is like 15 to 20% of the. Of the money never gets spent. So they're making even more money. It never gets, you know, and, and it's a good racket. I mean, but again, we've probably done that. You can gift, you know. Yeah. Sometimes you just put, you know, 520s in there and it's 100 bucks. I don't know. I don't know what the stigma is around gift cards. Well, gift cards are easy, but also too, if somebody wants to buy something online. Someone gave me a gift card recently, and I just. It was an Amazon gift card, so I just scanned it.
Alchemist
Boom.
Chip
Now it's on my Amazon, you know.
Jeff
Exactly.
Chip
But if it's a Visa, same as a card, and I use it until it's done, you know.
Jeff
Right, exactly.
Chip
So it's. There's always that, that aspect of it.
Jeff
Give me some 2 for 1 gift cards where you go, you know, you get like whatever. Some of the restaurants. Yeah, two for one.
Chip
Exactly.
Jeff
I get a second for free.
Chip
100. That's exactly what it is. Ozzy says banks blocking fund transfers to exchanges to buy crypto, even though the banks themselves are investing in crypto world, they're protecting legacy model. Model, you know, they got to protect themselves. It's, you know, people. I've had so many people online, Jeff, they're like, can Congress get their act together? Can Congress get their act together? And can they. I'm like, congress, whoa, whoa, whoa, whoa. Let's just. Let's it up and call it for what it is. The anti everything leftists who protest everything. Protest too much. Everything is protest. They don't want innovation. They don't want to do this. They're in the bed with the banks. And look, if you're a bank, 100 get. You want to protect that, you're gonna fight for it. But if you find a likely party that's gonna fight for you, well, that's even better. Right? So I'm not Necessarily blaming banks for doing that. But you blame the politicians who are basically in bed. But everyone's like, oh, I can't believe I go, this thing would have. Look, yesterday was the one year anniversary of the State of the Clarity act passing in the House. Boom. Through the House majority. Republicans.
Jeff
Boom.
Chip
We don't need Democrats.
Alchemist
Boom.
Chip
And who's been holding it up and fighting? So now the latest one is Donald Trump's makes money because he on, on crypto. I'm like, well, until we back that train up a little bit and we start talking to Congress about all the inside information they've been doing. They get in the, they're worth a couple hundred thousand dollars. They get into Congress, someone like a Marjorie Taylor Greene, who's a nut job, Republican people, we don't recall it. Republicans. She's a Republican. She quit because. And what did she quit the day after she vested so that she'd get her pension.
Jeff
Right, Exactly.
Chip
Meanwhile, did you know, did you know that Lindsey Graham, who's been in Congress since the early 2003, who just passed away, was worth barely $3 million total? Everything all in. Do you know how much Marjorie Taylor Greene was worth after she was worth over $12 million after five less than five years in Congress. So, you know, you take advantage of the stuff. Meanwhile, he doesn't control any of that stuff and all. And he's made more money in stocks, but it's in blind trust. He doesn't know what they're trading. He's got people that manage the money. They're like, oh, you made these trades you made. He doesn't know. He doesn't manage it. Anybody that becomes president has to divest themselves, divest themselves from all their businesses. So. And they're like, oh, Trump. I'm like, you don't think it. I mean, look at Obama. Obama was worth barely a million dollars. Comes out of office, did some money laundering with books. You know, it's number one on the New York Times bestseller. And the next thing you know, you're at Costco and there's piles of these books that nobody wants. So someone comes in, they give them an advance, 10 million dollar advance on the book. A ghostwriter writes the book, put their picture on there and then all of a sudden it ends up in New York Times bestseller list, bunch of them. Hundreds of thousands of books get sold or bought, who knows, burned somewhere, sent some sent to some country for firewood and then you never hear about it again. All of a sudden it dips off the list and nobody buys the book anymore. But you just laundered, you know, 20, 30, $40 million through there in the form of a book. Now we got Biden out with his book that nobody cares about. Wants to read. Like, what did he do when he was in office? Who wants to read that? New York Times bestseller list. Yeah, sure, like. Well, some people do. No, no, no. You just buy the book up and
Jeff
this is how nobody's buying books. Nobody's buying Biden's book. Nobody cares about Biden's book.
Chip
Nobody cares.
Moon Chaser
Come on.
Chip
Trouble come out of the book. Nobody cares about that either. Nobody cares. Nobody cares. Look at this. You got Coin Telegraph. Franklin Templeton leads tokenized treasury issuers in 2026 with 1.6 billion in on chain aum growth per token. So this is what you have. Look at that. Franklin Templeton.
Jeff
Franklin Templeton.
Chip
But look at Ando's. I didn't even see Ando in the stable Coin as an influence. Like, I didn't even see them in there. 1.1 billion, 1.6 ondo 1.1 securitized. Now that's always a big shocker too, you know, they'd be in the top. I thought they'd be further up the list. I don't even know centrifuge. I've heard of Open Eden, Wisdom Tree, Zonomy. You know, it's stupid. ZOM.
Jeff
112 million.
Chip
Fidelity. Fidelity only Fidelity. Yeah. Legacies are really have a struggle, aren't they?
Jeff
Oh, come on. 112 million. Negative.
Chip
That's crazy, man. That's crazy.
Jeff
All right, the alum Trump made his money in crypto prior to be sworn in as president as a citizen. There you go.
Chip
I mean, they're worried about like, like they want an ethics thing. Ethics thing. But no, but for years, all the inside trading and everything that's going on with Congress. Nancy Pelosi.
Alchemist
No.
Chip
Want any of that? No, Jeff, nobody wants that. All right, so this is in, this is. Here we go right here. This is a Rep. Ryan Steele talking about the Clarity act on Fox. Listen, here we go.
Martha
All right. Let me ask you about Senate Republicans meeting with President Trump yesterday, hoping to get his stamp of approval on the updated language for the Clarity Act. The House sent it to the House sent it to the Senate a year ago. And Senator Cynthia Lummis was with me here this week, earlier in the week, and she said that this bill will likely be brought to the floor in the next week. Congressman, a lot of people riding on this and business riding on this. You and other members of the Financial Services Committee are in New York to hold a field hearing on this bill. What can you tell us about the Clarity Act?
Ryan Steele
This is our opportunity to put real and substantive legislation on the floor and provide regulatory clarity in the digital assets space. Again, this is an example of the House doing its job. We passed this now approximately a year ago. The Senate has been struggling to move this forward. I'm optimistic that we get this across the line next week. The United States Senate. It's absolutely essential that the United States sets the gold standard for regulations in the digital asset space that we unlock so much capital, human capital and financial capital that will come into these markets in the United States of America in a regulatory regime that protects consumers. Clarity does that. It's passed the House. It's time for the Senate to act.
Martha
Well, I mean, the Senate is wrangling with Democrats. That's over the language on ethics. Congressman, you know that.
Ryan Steele
Well, individuals that are concerned about the broader ethics reforms, I think that there is a need to look at this, actually should be supportive of the bill. If an individual is concerned about how meme coins were treated under President Biden's appointment of Gary Gensler, all the more reason to move forward Clarity to put a regulatory structure in place to make sure that we're regulating good and bad actors. The good actors in the space want the bad actors to be regulated. We all want the bad actors out. The Clarity act provides a regulatory environment to be able to do just that. And so the individuals that grandstand on the. On the ethics side should be more supportive than anyone else about moving clarity across the line.
Chip
The fake Indian is who he's talking about. He did it in a nice way. He didn't name anybody, but we all know who he's talking about. But I thought this was really good. Jeff, this is. This is Brian Steele again. This was yesterday at the opening of. Of the hearing for the financial services. This is pretty good. I like this.
Ryan Steele
In America's 250th year, on the site of the building of the first Congress, in one year to the day after the House of Representatives passed the Clarity act, we gather amongst the pillars of history. For 250 years, American markets have powered innovation and economic growth. And each time technology and financial innovation leapt forward. Congress met the moment we did not stop the engines of growth. We gave them clear, consistent rules so they could run right here in this building. The very first Congress debated Alexander Hamilton's revolutionary vision for a national financial system, including a plan to turn state war debts into the first federal government Bonds backed by the full faith and credit of our new nation. 100 years later, as a patchwork of paper notes and counterfeit flooded the states, Congress stepped in again. The National bank act swept away the chaos of wildcat banking and created the first American dollar bills we carry in our pockets to this day. In the next century, when opaque and disorderly markets ruined millions, Congress passed the securities and Exchange act to restore transparency and increase the public trust. Consistency and clarity conquered chaos. Today we're here on Wall street again. We gather at the threshold of, of the next generation of innovation. As the Senate prepares to consider the Clarity Act. We can complete nearly a decade of work. Since 2017, the House Committee on Financial Services alongside our colleagues at the Committee on Agriculture have worked to craft a durable framework for digital assets that fosters innovation while protecting consumers and investors. Our goal is clear replace regulation by enforcement with clear rules of the road for digital assets. For 250 years, America has led the world in financial innovation. For 15 years, blockchain technology has redefined what's possible. For 10 years Congress has worked to write the rules of this new financial frontier. And for one year we have had a statutory framework for payment stablecoins. Now it's our turn to meet the moment. Today we'll hear from experts who are building the next generation of financial innovation and we'll hear from them on why they believe the Clarity act is essential. I thank all of our witnesses for being here today and I thank my colleagues for making the trip up to New York for this important discussion. I think it's our opportunity to unlock the next 250 years of innovation here in the United States of America. It's time to pass Clarity.
Alchemist
Yeah.
Chip
And for, for five years Gary Gensler said it's a security. You got Ro Ro over here saying that come on, we need this. Japan is passing us now. Not just Japan, pretty much everybody, right?
Jeff
Everybody.
Martha
All right, let me ask you about
Chip
if you look at what's happening with AI just had Kimmy K3 come out 2 days ago besting Anthropic's fable model in some, some areas. And that which caused Anthropic to extend again this like the third extension to keep it in the subscriptions because they know there's going to be a peel off. But it wasn't just that. This is one of the reasons that if you look at what's going on in AI why competition, why the free markets are so fantastic because if you have choice and you have competition, you get a better product. And when you have clear rules of the road in crypto, you will get even better products. You'll get more yield. You'll get it just. There'll be way more innovation happening, and the competition will make it better for all of us. But when you stifle that, you know, people are afraid to participate. You know, an attorney told me it was okay, but is it really okay then? When you have clear rules, it's a lot better. And you also look at. Look what OpenAI came out with with their chat GPT, I think a 5.6. Was that right, Jeff? Is it 5.6? Which is 5.6 Codex all the way into sort of like one product offering. Then you had Grok, and again, I had this discussion with a European friend. I'm like, he's like, oh, this or Gro's never gonna. I'm like, listen, do not count Elon Musk out. He just acquired Cursor for billions of dollars, okay? They're gonna leapfrog almost everybody because he's got some of the best people. And the guy that lands a giant bit, one of the biggest rockets that it's ever flown with chopsticks. I'm sorry. I'm betting my money out of him. I mean, the guy that puts. Says, we're gonna put tunnels, and then you go to Vegas and you can fly all over underground, and these Tesla cars that drive you everywhere in these tunnels. The boring company. I love that name. B o r ing boring. All the things that he's been up to. You know, you look at what he's done in payments, look at XP. 6%. They're paying 6%. Killing the banks, right? So he's basically starting a brand new bank. So if you look at what he's doing, I love it. Now will he be the best? It's like Jeff and I can't keep up with it anymore. Jeff will send me something. I'm like, when did this happen? Then 40 seconds later, something else happened. And it's like, there's so much innovation happening, but China has done a very good job because they don't. They can't get the chips, they can't get the processing power. They don't have the big data centers. What have they done? They learned to build better LLMs with less because the necessity they had to. They didn't have the amount of people, they didn't have the infrastructure. So they had to figure out ways to create really good models with less. They're way more efficient in a lot of areas than, let's say an anthropic or an OpenAI. And I think there is a lesson to be learned there. Sometimes less is best, but it forces you. Those constraints force you to work within them and figure it out. And when Steve Jobs, back in the 90s, wanted to make everything encapsulated into one, they said, there's no way to work. We can't fit the monitor. All the guts of this thing. When he made the first imac, he said, if you don't think he can do it, then leave the room. They said, well, there's no way you could fit it in that small of a box. There's no way that you could put what we want to put in there. He goes, okay, well, there's the door. So believing it can be done, believe. Everyone laughed at Elon Musk, Jeff, when he said, he's going to land a rocket. We're going to throw him up there. We used to burn up and then the ocean sink to the bottom. He's like, no, we're going to reuse them. They're like, you remember how they laughed at him? Like, it's impossible. It'll never happen. He kept doing it. What do we. Oh, it's coming down, it's coming down. Explosion, explosion, explosion. But then it worked. And then he's got that giant. What's that giant rocket that he has? The thing's massive. And Atlanta gets caught. I mean, how the hell does that happen, right? So everyone laughed. They thought it was a joke. They thought, this can't be done. And then he proved them all wrong. So, you know, I never. You want innovators, whether you like Elon Musk. Don't like him. He's an innovator. He's a visionary. You know, Steve Jobs is a visionary. Tim Cook. Tim Cook is the guy that moves pieces around the board and tries to keep a company going. Zero innovation since Tim Cook turned over. Tim Cook made a bad Siri series. Gotten worse over the last 10 years. Ten years ago, I could pick up my phone, hey, Siri. Now you're like, hello, Siri, can you. And it, you know, it still doesn't know how to spell crypto, so it always spells crypto with the K. I'm like, I'm not talking about Superman's dog. I'm talking about crypto. You should be doing Cry, not Kry. But there you have it, Jeff. There's a lot of stuff that. That's going on, and, you know, we're going to continue to kind of, you know, talk about it here and there and there's one more clip that I wanted to play. And this is interesting. This here is Summer, get her name right, Summer Mersinger. She has a theory on why prediction markets may be mispricing the odds of the Clarity Act. And this is a real counter, I thought, thought process that I have not heard from before.
Jeff
People say to me, well, that's not what I'm reading in Poly Market or Kelsey. Well, Congress just about maybe two months ago actually banned all of congressional staff
Chip
from being on prediction markets.
Jeff
So I actually think there might be
Chip
a correlation here between when Congress said
Jeff
staff and members can no longer be
Chip
on prediction markets and when the prediction
Jeff
market started to not track what I
Chip
think is everybody else's opinion in Washington as to where we are with clarity. So that's another one of those where
Jeff
the prediction markets are great, but there
Chip
are some things that don't work quite right, and I think they're wrong on this account. Now, Summer Mercinger, she's the CEO of the Blockchain association, and it's an interesting insight there that there was that sort of moment, Jeff, when they kind of, you know, but, you know, you go to Kelsey and you go on these other, you know, Poly Market, these prediction markets, how great is it that you can predict you're going to bet on whether something happens or not? And then we just saw Trump's. The guy that runs Trump's teleprompter collected like 100 grand because he was betting on certain words appearing in there. And it's pretty easy to do when you actually have the speech and you loaded it in your teleprompter and you can go bet on these prediction markets. So they're like, he's on paid leave. Like, paid leave. Guy should be in jail, right? So it's just, you know, you got all these people that always will game and figure out how to game the system and not a good thing at all. Jeff, you want to see this one? Look at. You want to see who voted for the Clarity Act? Because everybody kind of gets this wrong. Most of the people that live outside the United States, but even people here, they're like Clarity. I don't know what's wrong with Congress. Well, it's pretty easy to see here. If you look at what's going on with Congress and who voted for it, you can see the people that voted. So you got French Hill, Republican, you got Kristen Rivett, she's a Democrat, Buddy Carter, all these people here. But you'll notice you start looking at these and start Comparing them. You'll see ours next to those names. These are the people that voted for it right here. What do you see? Ours.
William Lajeanness
Of course.
Chip
You see someone like a Ruben Gallego who's trying to get money right now. So he's. He's suddenly pro. And then you look at the people who voted against and. Oh boy, Jeff. Look at that. Chris Van Hollen, Andy Kim, Tina Smith, Mark Warner. All Democrats. Ddd the fake Indian. Hi. I'm an Indian. How do you know you're an Indian? Well, my mama and my papa had high cheekbones. Okay, that sounds a little bit interesting. But how do you know that you're Native American? Well, because they had high cheekbones. Okay. So when they actually. When. When Trump called her out and they actually got tested. Jeff. You could go out in the middle of a street in any city in America, throw a dart up in the middle of a crowd, hit somebody in the back of the neck and they're more Native American than this woman. She was like point zero zero. Some other. Like you were buying some new meme coin.
Jeff
000. Yeah. Percent. I mean that would have been great if we were investing. That would have been a great meme quantifying too.
Chip
But the people have a hard time and don't quite understand who votes against this. Geez. That's weird.
Jeff
All those.
Chip
Look at that. Jeff. Trying to find. It's like. So this one gets a D. This is with crypto. So these are people that are pro crypto or not. But we get F's.
Jeff
Look at it. Look at all the apps across the board. Look at that.
Chip
You know. Oh, but this one we gotta do. You know.
Jeff
What's that green one?
Chip
Who's
Jeff
right there? Top left?
Chip
Oh, Sam Erdo. He might have. He might. He might be doing something. Let's see what he's. See what? Sammy boy. Where's Sammy boy? There he is. Let's click on Sammy. Let's see what he's got going on here. Okay, so he. Okay, so he sponsored the SAFER act of 2026. The Clarity Act. Oh, he voted against it. But he did vote for the Genius Act. That's why I think he got a better grade. Stable act of 2025. He co sponsored it. That's why he got a D. A B. Yep. So this is cool that they track all this stuff. Stan. With crypto. Bill Keaton. These are horrible, man. Almost all that. But don't worry. Congress has to get its act together. Meanwhile you have Jerry Nadler. This is one of those guys. Remember that time he crapped his pants on stage and he tried to exit. Geez, he looks like the penguin.
Jeff
Guarantee 99 of these people don't even understand what they're voting for. They don't understand crypto.
Chip
Yeah. Ariana Presley knows nothing about it. Debbie Blabbermouse Schultz, another one that needs to get out there.
Jeff
Thank God she's out of the district.
Chip
These are just all the names that you know and, and hate. I mean these people are, they're just, I mean, they're what, they're against everything. They don't want companies to do third party enough. That's right.
Jeff
Lakeland, Florida. If you've ever been up to Lakeland, Florida, it's the middle of the state.
Chip
Yeah.
Jeff
Nice area. I love the town. I love the town of Lakeland. There's so. There's so many cool little towns in the middle of the, of the country. The middle of Florida. It's pretty amazing. There is. There was an air show or there normally is a. An air show right in that Lakeland area right off of i4.
Chip
Interesting.
Dr. Sheila Nazarian
Cool.
Chip
All right, Jeff.
Scott Besent
Well, there's a.
Chip
So I don't usually put posts up from Laura Shin. She's a, she's a nauseating, a nauseating maxi. But she put this story up here. Ken Griffin, Citadel securities just wrote his first ever crypto check, $400 million into crypto.com at a 20 billion valuation. The money's earmarked for tokenized securities and derivatives. It's a pretty decent check. And then if you remember, Ken Griffin recently made history because. Or at least the news cycle because of pulling out of New York City. So there you go, right there. But you get Citadel. Or is that. Where's that, where's that? Chicago? I forget where Citadel is located. But anyway, we've seen him talk, we've seen him in the news cycle here a couple times and. Yeah, there you have it. There you have it. Question. How do you know if a woman is a Republican? A she doesn't have a penis. F. Sorry, couldn't help it. Well, there you go. Well, that was that clip we played yesterday or the other day when we, when the guy, she was like, oh, women this, woman that. He goes, I serious. The Republican said, I got a serious question for you. How do you know it's a woman? How do you define a woman? You know, sometimes you throw it back in their own, their own face. Jim D. Says making an ass of oneself is a back door. A cheeky way to get a Native American rights. Yeah. And then the one person that should have resigned because they're so worried about misappropriation of another culture. Just doesn't matter. Those rules apply to other people, the Republicans. And if any, if, if Donald Trump taught the Republicans anything is you don't apologize for anything. And what would always happen before Donald Trump, one Republican would do something so stupid, and then they would go, do you, do you endorse that? Do you endorse it? Do you condone it? Do you condone it? It's like, why would you be responsible for somebody else? You know, meanwhile, they're, they're endorsing Nazis and everyone's walking that one back. Well, Jeff, we're going to look at some of the new candidates they're looking at to take over from the Nazi up there in Maine. So we're going to take a look at that. So one thing that was released this week, Trump made stood behind before the American people and he went and he will put out a. A little bit of things have been compromised with our elections, Jeff. And look at this. China compromised the voter rolls of 18 states. Now, I was surprised to see Florida and Georgia in here. There's some ones you expect, like Connecticut, Colorado, Alaska. Right. But Michigan, you know, I was surprised Pennsylvania wasn't in here. You know, a big state, too. But you saw Michigan, Ohio, Rhode Island, Ohio, traditionally a red state. You got Georgia and Florida, red states. D.C. i don't think you really have to mess with too much in D.C. it's pretty much the way it is. But that, that's it.
Alchemist
Right?
Chip
There was. So it was. There was a lot of stuff that was announced here. Here's another one. The White House declassified email showing that NSA members deliberately hid intel assessments from Trump in 2020 that China was trying to influence the election in favor of Biden. Deliberately. Message one, pending President daily briefing. And there's. So there's the receipts, of course, some of it's redacted. Right. To this one here. Who instructed the NSA employee to obfuscate CCP election interference and hide it from the President? Good question. And this is what we talk about, the deep state. You got these people that aren't elected bureaucrats who sit there and slow walk stuff and basically work against the administration. Most of them are lefties. Oh, my God. Venezuela has been interfering with the US election all the way back to 2004. Is anybody surprised? Jeff, are you surprised about that?
Jeff
Not at all.
Chip
We know you're not. I don't think anybody's really surprised. Now, I found this to be interesting, Jeff. Judge Sweeney ordered The New York City Board of Elections to bring the ballots from the New York State primary. Yes, the primary with all the DSA winners. It's still not counted or certified yet. Interesting. The ballots from the BD elections is seeking to avoid credentialed observers from observing into this Brooklyn courtroom tomorrow, which I think was yesterday, per attorney for Bernard Baselberg, the candidate for the New York State Senate, Jimmy Wagner.
Jeff
Huge.
Chip
The judge will count for himself and see if there's been any misconduct that we've been documenting regarding the New York balance. So that's something in the R too often, Jeff.
Jeff
Stuff. Stuff is, is gonna hit the fan. There's so many irregularities across the country in, in the voting process. And I think we, you know, we heard about it Thursday night. There's some, you know, bigger concerns. Go back, look at the Dominion machines. There was a lot of fraud, deception within the Dominion machines. But if you have a country or if you have a voting system that is developed, designed, operated out of a country that is diametrically opposed to the freedoms of this country and that, you know that our cohorts with some of our enemies. That would be Venezuela. Right? Because Dominion was based out of Venezuela, you know, so there are definitely some, you know, major concerns there.
Chip
Into me.
Jeff
What time to my camera?
Chip
I don't know, but you turned into me.
Jeff
I'm being X now. I'm Chip. Look at me. I'm chipped too.
Chip
At least put your, put your picture up there.
Jeff
Chip and Chip are. Are coming to you live. I don't have to my camera. What happened? Oh, come on, man.
Chip
At least change your to yourself if you're going to do something.
Jeff
I'm gonna be Chip.
Chip
I guess you're gonna be me the rest of the broadcast. That's okay. That's not a problem. That is not a problem at all. So I see Jeff is in the green room attempting to figure out what's going on with this camera. If it doesn't work, Jeff, just come in here. Voice will work, but I don't know what the deal is here, but this is interesting here. So you guys know that last week the Palm Beach International Airport here in South Florida was renamed to the Donald J. Trump International Airport. Well, you know, some of the lefties can't handle that. I actually thought this story was parody. It turns out it's not. Because you can't tell the difference between what is real anymore or what is complete parody. It looks the same. Look at this. Fox News reported on this. United Airlines reportedly allowing some passengers to change their flights for free if they don't want to land at Florida's newly named President Donald J. Trump International Airport. This is some serious, some serious Trump derangement syndrome. An internal memo obtained by Live Live and let's Fly instructed reservation agents to offer no cost alternatives, including nearby Fort Lauderdale or Miami, to travelers who object to flying into the airport. What is going, what is going on with your mental state? What kind of mental illness do you have that you can't fly into? Wait till they get on the Ronald Reagan Turnpike. I hope they don't rent a car and get on the turnpike and get on the Ronald Reagan Turnpike. That's what Florida is a red state. Why are you going there anyway? Why are you, what is your problem? It's a red state. Then it says the guidance even included a suggested response for agents. I understand that you'd rather not fly into this airport anymore. United told Fox Business the memo poorly worded and was not accurate. Sure, sure. That's what they always say. They always say that. Jeff, did you see that? You're back.
Jeff
I took my lighting away.
Chip
What happened?
Jeff
I don't know. Don't know.
Chip
We always have to experience technical difficulties of some kind. I don't know why. You know, we mentioned he was listed as the number one of the top ten in that list. And Scott Besant is an absolute badass. 100% just a, just a badass. He's one of the, I think he's one of the best additions in the Trump and he's one of the. My favorite people, Lex, next to Rubio. But here's Besson. Here's a couple of videos of Besant
Scott Besent
and to remind everyone in this room and all the media that I was the subject of an assassination attempt February 2024 by a adult left wing activist two hours after being sworn into my job. So any of you who want to report that this is a fiction and does not exist, be there for the sentencing this August. So good morning. Thank you, Secretary Rubio for convening this
Chip
basically calling out the fake news. They said it was no, no, there was no assassination attempt. No, it made it up. He's like, well, yeah, we'll go. Maybe in August you can attend the sentencing of the person responsible. How about that? Here's Besent as well. This, like I said, this guy's a badass. Like he's so good in front of the press.
Scott Besent
Five front between international Marxism and radical Islamic movements need not share the same ultimate vision to share the same immediate enemy of free and self governing. Societies that convergence should concern every government represented in this room. These terrorists understand an enduring truth. Societies are rarely subverted from afar until they have first been weakened from within. So as it tears at the social fabric that allows our societies to function, left wing terrorism is the visible manifestation of a much broader and more insidious effort to undermine the philosophies that built Western civilization and sustain all we hold dear. Some of these activities are overt bombings, assassinations and organized violence in our streets. Others are quieter campaigns to suppress speech, intimidate political opposition and sabotage our national institutions. Of course, whatever form they take, none of these attacks sustain themselves. Violence requires money channels through which funding can move and institutions behind which it can hide. Increasingly legitimate non profit and charitable structures are being exploited as a mechanism to conceal the movement of illicit funds to support political terrorism. For treasury, the application of our authorities to combat these networks represents the natural, natural evolution of our mission through our Office of Foreign Assets Control.
Chip
Yeah, it's a really good speech. We don't have to watch the whole thing, but it's, it's fantastic.
Jeff
That whole thing that Rubio set up. Rubio is extra powerful.
Chip
Yeah, we have that one.
Jeff
They're really solid.
Chip
So much got older and XRP did not moon yet. Five more years and you'll all be grandpapa. Well, I just turned 62.
William Lajeanness
I'm.
Chip
I'm looking forward to many more, many more years. I mean, I'm not a young guy. I think I was 55 when I started doing this Jeff, which was not a young guy back then, but got very young thinking. I keep up with bands, probably you've never heard of. I probably know a lot more about AI than you know what to do. And I'm probably building stuff that you're not building buildings. So there you go. Old people. Some old people are okay. Some others people I went to high school with friends. Foot in the grave and they look like death warmed over. It look like they're 78 years old and they're. And they're needing assistance. And I ran into a guy. Thank you, man. I ran into a dude, okay? He was. I was one of these fairs and I said, I go, man, I. He was a kind of a burly guy, kind of a big dude, had a big ass, white beard, white hair. And I go. And I said, hey, I really like what you built here. This is some really unique stuff. Handcrafted wood stuff, a lot of detail. And I said, I bet you probably do more. I bet you do a lot like cool signage too. He goes, yeah, yeah, I used to do that. I go, what do you mean used to? He goes, I did a lot more of this stuff, but, you know, I'm old and I'm like, dude, I'm pretty sure I'm a lot older than you. You know, I. Sure he had great hair and a great beard, but I could see he was a younger dude, right? I go, like, I'm sure I'm a lot older than you. He goes, you know, I'm old. I'm getting up there. I'm really getting up there. He was talking like a dude that was like in his mid to late 70s. And I go, do you mind if I ask how old you are? You know what he said? I just turned 50. I'm like, 50 what? I just turned 50. And I'm like, I'm like, damn, you just turned 50. Somebody else. I'm not going to mention her name. She hates when I tell people this. She's like, I can't believe told people my age. She's 12 years younger than me. I'm like, I go, I won't mention it, but I go, I would give, I don't even know, I might give like my left hand to be 50 again. I do. Like, you know, there's probably, there's probably a lot of things that I would give up to be 50 again. Jeff. I don't even know if I remember 50. I mean, you're a lot closer to it than I am because Jeff's younger than me.
Jeff
I remember 50.
Chip
Remember 50?
Jeff
Yeah. At a 50th birthday party downtown.
Chip
Hey, Jeff, before I knew you, I went, yeah, my, my Kai. Ah, that place.
Jeff
My guy. Yeah. Is that still around? I don't even know. It's.
Chip
I think it's. I think it's still around. I don't know why we went there because my, my daughter was at the time and, and she wanted, she wanted to go there and I was like, yeah, I mean, because I'm. I don't want to make a big deal on my birthday, but it was fun. And then they closed it down for a while, but I think it's actually back, if you guys don't know, it's legendary. It goes back to the 40s and it was like, it was weird because, like you're driving at strip malls everywhere and all of a sudden it's like trees and palm trees and this Polynesian looking place. And you go in, they have Polynesian dancers and big show with fire and all that stuff. And, you know, then you, you drive out and then you're in strip malls and everything else. It was a cool little fun place. They had a great bar there. They had an awesome happy hour back in the day. Jeff, I remember I would frequent when I was in my 30s and younger years.
Jeff
It's overall sunrise and us one.
Chip
He says, I'm with you. I'm 49, still up to date with tech. What's going on. I'm never growing up. You know, look, we're all going to get old. You know, I remember when my parents were around a couple years ago and I would go to their place and I would say like, I'd walk in there, I'm like, man, it smells like old people in here. My mom was like, it does not smell like old people in here. I'm like, geez, it's got that old people smell in here.
Jeff
And.
Chip
And she didn't like that, but used to joke around my parents all the time about that. So let's see.
Jeff
The one armed bandit Chip. Don't say your hand. He lost.
Chip
Yeah.
Jeff
Not being fun. One handed. No, can't ride motorcycles anymore.
Chip
About that. I would want to give up anything, to be honest with you. I'm fine with. I just wish I knew then what I know now. And that's what, that's the, the, the grace of growing older. And the bad thing about growing older too is you're like, yeah, I was, I was kind of an idiot in my 30s and 40s and.
Jeff
Right.
Chip
Sometimes you just.
Jeff
I think 30. 30 was the hardest year for me.
Chip
Was it really?
Jeff
And then after that. Yeah. But I also had a lot of issues at that point.
Chip
Issues? You had issues?
Jeff
I got sick. Yeah.
Chip
Yeah. Well, that's.
Jeff
I almost died twice. That's not my. When I, before I turned 30, one with a pulmonary embolism from flying and the other being stupid. And I fractured the spinous process of C7, which isn't a big deal, but it was enough deal to be more than painful and stupid to have done what I did. But. And that was my 30. Welcome to 30. Like, hey, this is awesome. Then everything. Then after that, everything was amazing. I got in the best shape of my life ever. Between 30 and 40 and ongoing.
Chip
Yeah, I've done that.
Jeff
Always active. But I would say the pinnacle was probably in that age group. Like by the time I would say 35, 35 to 40, probably 40, I was running a lot of races, doing lots of mud races and man, it was awesome times. That's when I started mud races. I want to look. Think it was like yeah, probably like 14 years ago.
Chip
That's amazing. Jeff did not know that. Well, it's good that you're still good you're here with us. One armed bandit says we all were. It was part of growing up. Sometimes good in time, and sometimes we're in the hard times and with the belief we can kind of go through anything. You definitely think that. But, you know, it's funny, I was having this conversation the other day about, you know, in the Peptides, and I was like. I'm like, yeah, I'm on the cloak stack. And they're like, the closed stack. Why not the Wolverine stack? It's, like, funny that people are, like, vested in this stuff. And, like, I had this nagging knee injury. And, you know, Jeff, I'll tell you what I'm gonna be. I'm gonna be shooting another injection today or tomorrow, and I've already seen a small little difference, especially last weekend. It was bothering me a lot. And, you know, they always want to do surgery. Oh, we could fix that with surgery. Anybody I've known that has knee surgery, always worse. People have back surgery, always worse. I'm like, I don't want surgery. If I. I'd rather live with a little bit of pain than not deal with it. But it's. It's the weird kind of pain. I was. I misplant. I was cutting the grass, and I. I. There's like a little step, and I, like, missed it. But when I landed, I twisted my knee and I felt it. I'm like, oh, that didn't feel good. It wasn't like arthritis, writers, or normal stuff. And it's been nagging me for about a year now. And it only bothers me when I sit for a little bit. Like, when I get up from here, it'll be, like, sore, and I'll be kind of limp and limp and limp, and then I walk it out, and then it's fine again. And I know exactly what the point problem is, but they want, oh, we can fix that with surgery. I'm like, no surgery for me, man. What's that image it.
Jeff
What they do imag any ultrasound imaging?
Chip
No, they didn't do. Well, they. What did they do? They did a. They did something to put me in, you know, they did. Maybe it was imaging or something, but they told me surgery could fix it. I'm like, no, we're not doing surgery,
Jeff
but we're not doing without an ultrasound. Mri.
Chip
It was an mri. It was an mri.
Jeff
Okay.
Chip
But these doctors. Let's cut you, man.
Jeff
Can we Cut you money, though.
Chip
That's why it's like, yeah, can we. Can we cut you? We can cut you. That's easy, right?
Jeff
Yep.
Chip
Anyway, let's put Ruby up. You mentioned it, Jeff. This is good. What's going on? Moon chaser's here. Moon chaser was in a video. I didn't grab that video, but at the Japan flare event, I saw her and Minus who she happens to be married to, and I said, I know those two. And they were looking fantastic at this event. First of all, Jeff the swag at this event. We've been to events, Jeff the Swag sucks. In Japan, they've got. They've always got the best swag I've ever seen. Like, anytime someone's posting about a Japanese Japan event, they're always like, big, you know, cool water bottles and. And XRP chips and all this cool stuff. And I'm like, what do we have? Like, we get Like, a sticker or something? Like, what am I gonna do with this? Right? We never get anything cool. It's always garbage. Stupid. Anyway, let's.
Jeff
You get hats that are not. That aren't good quality or a shirt that's not great quality.
Chip
I want good quality handy that they gave out at Swell. Because I got you.
Jeff
Yeah, it's in the other room.
Chip
Like, I get hats all the time. I got an uphold hat that's badass night. Very nice. Right. Unfortunately, my wife is.
Jeff
She's.
Chip
She's commandeered my hat because it's that soft material.
Alchemist
Yeah.
Chip
Because, you know, and it's. And actually more like a female. Like, she likes to wear it. I'm like, where'd you get that? She goes, out of your closet. I'm like, so I guess this is your hat now. She goes, yeah, kind of is.
Dr. Sheila Nazarian
That's fine.
Chip
You know, I collect these hats. But anyway, the ripple hat, the coolest one they gave out were the bucket hats. Yeah, the. The bucket hats. I have to go show this. I have to show this video. Where is this video? Let me see. Let's see. Where is the dang video? I looked at the stuff, Jeff, and the stuff is just crazy. Phenomenal. Here it is. I'm not gonna. All right, I gotta turn the music off. I'm not gonna play the music, guys. You don't need to see the music. It's just music in the background. But let's. Let's watch this here. Share this puppy. Here it is. And there it is right there. So look at. Just check this. First of all, look at the event. Look at the food never have any good food either. That's the other bad thing. Like they're those little pot stickers. You know, you get one or two even at the ripple swell. Sort of like pre party, same thing. They were just like. I passed on most of them.
Jeff
You know where we had amazing food was at the Gold coast event, Australia food.
Chip
That was phenomenal.
Jeff
Food was behind figuring out the. The food. The menu did a phenomenal job. Non stop great.
Chip
You saw a little swag right there. Okay, look at this freaking food. Okay, let's see there. Look at. You got some swag there. Just look at this, man. Look at this event. Having some.
Jeff
Oh, looks amazing to begin with. Okay, there you go.
Chip
Everyone's a great time. Look at the graphics too. I mean, look at that. There's moon chaser. There she is right there. And there he is, minus. Minus wells. There he is right there. That hobby. He posted a picture. He says, what did you think best? What would you like best? My wings or my belt? And I'm like, dude, the belt. Of course. He's got a flare belt I made. He has an XRP belt. I'm like, bro, you sell these things and people would be like, you can sell it for 60, 70 bucks a pop. And then people would just buy them all day long because they're cool as hell. But I was like, yeah, that looks. It does kind of look like he's got the wings though, when you see it. Like he's maybe like an alien with these tentacles coming out of his head or something like that, right? So. But look at. Just look how much. Look at the food. Jeff, what is going on? The food, the drinks are flowing. People are having a great time, man.
Jeff
Man, you know what? Next one, we're gonna be there. We're going to. Going to the next XRP meetup in Japan.
Chip
It's worth. We don't have any. We don't have any cool events at all here.
Jeff
We probably have to run our own cool event.
Moon Chaser
Yeah.
Chip
Xrp. Look at that. See that? There's a bitcoin action there.
Jeff
Look at that gold bitcoin somewhere.
Chip
I showed it to somebody go, oh, you have a real bitcoin. I'm like, no, it's not, it's. No, no, no, no, no, no, no, no.
Jeff
Yes, dude
Chip
on this. But look at that. XRP chips. Just want that here. Can you send me one of those unopened so I can just have it and show it on camera once in a while? Because the only thing that I have showing camera is this. This is the only thing that I have ready. Here it is. That's the only thing I have to show that. And of course now brought to you by Badassery Coffee, the best coffee. It is roasted to order. Get yours@badassery coffee.com okay, that was a word from our sponsor, but that's it. I need one of those chips to be able to do cool ass stickers right there. Look at that. Tangem was there. They had some cool things, man. Look at this. We don't have events like this, Jeff.
Jeff
I like it.
Chip
It's swell. Again this year, I will say that Ripple did go all out on two of the nights with dinner. We were unbelievably phenomenal. So I'm just saying sometimes there. But again, it's put on by Ripple. You expect that from Ripple, but this was, this was quite the event, man. Quite the event. I mean, just phenomenal. Let's go to Rubio. Let's see what Rubio has say because this was absolutely who the next president is. It's. It's not J.D. it's. It's Rubio the way Rubio is the guy, you know, you know Stephen A. Smith, who rails on Republicans and read. They asked him in an interview like, who are three people you would vote for? Hannity had him on and he said I would.
Scott Besent
He.
Chip
He mentioned two Democrats and he mentioned Rubio. So I think Rubio does have crossover appeal. And he goes, because this guy's just. The guy's phenomenal. He loves him.
Moon Chaser
This is a distinctive and unique evil. It has always been driven by a hatred above all else, a hatred for civilization itself. It is a revolt of the worst against the best, a revolt of the weak and the cowardly against the strong and the good. It is perpetrated by those who cannot build, who cannot create, who cannot achieve great things and take their revenge upon the world for their own inadequacy by seeking to destroy those who can. This is what radical leftism is. It may wear various different slogans and ideologies across place and time, call themselves anti capitalist or anti imperialists or communist or anarchist or Marxist, but the fundamental character is always, always the same.
Chip
We got libertarians.
Jeff
He needs to put them in there, right?
Moon Chaser
It's always the same. It is a poisonous resentment cloaked in the language of equality and justice, liberation, an overwhelming need to tear down what greater men have built, to wreck what is beautiful and what is right on behalf of people who are only filled with ugliness and have nothing else to. To offer the world through Violence. And through terror, they once again seek to impose their ugliness on all of us. The old dogma was wrong. The old dogma was wrong. None of this is driven by idealism. It is not utopian. In fact, it is the opposite. One of the criticisms you sometimes hear of communism, for example, is that it sounds good in theory, but it never works in practice. That's actually not true. Communism does not sound good in theory. The world it envisions for all of us is small, flat, gray, leveled of all exception, drained of all that is good and noble in the human soul. The world it envisions is a world without courage, a world without creativity or ambition, a world without heroes or glory or great causes to strive towards, without a world without miracles, without myths, without men who rise above the rest to do incredible and extraordinary things. And the world communism envisions is a world without God. For these architects of revolutionary violence, the towering achievement of our civilization, for them, it's an unbearable humiliation. A reminder of what they cannot do and a reminder of what they cannot be. So they choose instead to destroy. They attack pipelines, they attack railroads, they attack power grids and laboratories. The physical embodied symbols of power and invention and achievement. This is the nature of the terrorism we face today. They despise the west because the west is great.
Chip
It's a great speech. We picked out this part here, but I gotta say, I mean, Rubio crushed it. He's so right about that because everyone always says, yeah, it sounds good on paper. He's like, no, it doesn't even sound good on paper. You're right, Jeff.
Jeff
I mean, yeah, it's never sounded good on paper, I guess in a utopian, a utopian sense, you know, if you think about, you know, Star Trek utopia, and I think that's what these people have in mind, that everybody's working towards the greater good and developing science and everybody's gonna live in, in a, in a well off way. And then you start peeling back the layers. You don't have to go too deep to realize that the ones that live well are the elitist class. They decide, you know, who's gonna, who's gonna win, who's gonna lose, and then you get appointed to what your entire life is going to be. So it, there's nothing good about it. And then it's always, you know, absolute power. Well, corrupt absolutely. And you'll never see, you know, freedom for the people. And again, we don't have to go too far back in history to see it. So it's really, it's an amazing, you know, point that, that Rubio brings up because we're once again in a fight of our lifetime and it is a, it is a direct war. It is a direct battle because now, you know, it's a matter of good versus evil. It's a matter of God versus Godless. And, you know, and then it's a matter of, you know, from a political perspective, do you want freedom or do you not want freedom? You know, and then we turn to what the US Represents and, and everything that the left has been trying to do to dismantle and break down what has made this country so great, and they still can't do it. They're trying, they're trying. They're trying to break us down from within. They know they can't win against our military might. We could, at this point in time, think about, we could destroy, completely annihilate any country on Earth, wipe out their population centers. We could devastate multiple countries. We could devastate all of Europe, wipe it out. If we wanted Greenland, we could invade and take over Greenland. There's militarily, there's nothing any country on earth can do other than mutual assured destruction with some of the nuclear powers that might launch a nuclear attack. Other than that, there's no other country on earth that can do. And so when it, when you break it down to that bare essence, you think about the compassion that our country has to help others, to bring about freedom, to make sure that we're on the front lines opposing the types of evils that Marco Rubio is talking about. And sometimes, you know, administration after administration, power hungry congressional representative after power hungry congressional representative that's thinking about their own enrichment. Like Nancy Pelosi or Elizabeth Warren or, or many others cross party lines. They're concerned more about themselves than the safety and concern of their citizenry or even trade partners. So, you know, let's, you know, think about the dynamic shift that's taking place right now in South America. And for how many years have we suffered and heard about Cuba and Venezuela and communists take over and you know, you have the, the revolutions and the leftists throughout all of South America. And why in a short period of time now has the Trump Doctrine right now taken root throughout South America? Another part of that is the primary focus of this country to say, you know what, we have an amazing trade partner south of the border, not just Mexico, all the way to the southern tip of South America. And we have to re establish our trade region with the U.S. and South America and get Rid of Chinese Communist influence and Russian Communist influence in the region. It's crazy to think that China owns a port in the Bahamas and they have influence from the Bahamas all the way to the tip of South America and throughout, you know, obviously throughout the Caribbean, you know, because of what they've done. But we don't have to live like that. So this is the Trump doctrine. And now we're seeing country by country by country in South America moving more towards freedom and conservative value and away from the leftist ideology, while we see the rot taking place in New York City with the Islamists and the Communists going into bed, you know, lying in bed together for a common objective, to destroy this country and destroy our freedoms. And so Marco's speech, Chip, I think the stuff that he said was just, you know, timely, but it's on another level, you know, and the direction that we're moving in right now. He understands. He knows exactly what has to happen over the next two years.
Chip
Amazing, man. That's just amazing. And. And to me, it's. It's. For some reason, there's an uprising of people thinking people are just. They're. They're not educated, they don't study history. There's a lot of this.
Jeff
So.
Chip
So Scott Besent went on to say this, and I like. He takes a shot at the fake Indian here because he does it only way he can. He says far left ideologue Senator Fake Indian Warren. He didn't say that. I did. Is trying to discredit a fresh review of the Fed's SVB supervisory 2022 failures before it's even begun. No doubt to protect her sock puppets, Michael Barr and Lyle Brainerd. Sunlight is said to be the best of disinfectants. Americans deserve a full accounting of what regulators missed, whether early reviews were in or adequate, or who should be held accountable. The Biden Warren economy was a disaster, and the American people deserve the facts. You gotta love that.
Jeff
That's right.
Chip
I mean, just. I mean, just. I like that. Sunlight is the best. You know, shining a big light on it is the best disinfectant. Rubio said today the State Department's imposing new visa restrictions to bar far left terrorists from entering the country. Foreigners who finance in sight or aid and abet far left terrorists are enemies of our civilization. They're not welcome. United States. Well, good. While you're at it, get rid of the people who are in the United States who don't belong here.
Jeff
So apparently I was watching a video yesterday. I didn't do enough deep research. On it. But he was saying that if you're a naturalized citizen and, and you. And you embrace communism and you spread communism in this, in the United States, you could have your citizenship revoked and removed from the country. There you go. You came from. I gotta look into it. But apparently it's still on our law books. It's still in the legal system.
Alchemist
Good.
Jeff
Now, if you take someone like mom dummy who's preaching communism from another country, naturalized citizen needs to be removed, have his citizenship revoked and have him sent out. If you're you, we have freedom of speech. You can say what you want, but he's doing something different. He's trying to spread communist doctrine to the detriment and opposition of our constitutional republic.
Chip
Yeah, it's a slippery slope, Jeff, because you know what? The other side gets in and they're like, conservativism is the death to America. So it's a slippery slope. I don't know.
Jeff
I know it's on the books is what I'm saying. If it's still in the. In the legal system, you could say.
Chip
You can say. You can. You could make it fit anything. And that's bad. So look at this week. There was a hearing. Justin James o', Kee, famous for exposing fraud. Literally no Democrats showed up to the fraud hearing in the Senate for myself or Nick. Nick Shirley. We predicted personal insults or difficult cross examination by the truth and facts of what's on video versus what is probably transcends the partisan divide. Nick Shirley said, imagine this. You get paid by our tax dollars, meaning Congress, the Democrats, and you don't even show up to do your job when it involves our tax dollars being stolen. What the f are these people doing in office if they don't even care about our money being stolen to waste. They're simply working against us.
Dr. Sheila Nazarian
This is.
Chip
It's just hard to understand. Right?
Jeff
Yeah.
Chip
This here, Jeff, Dr. Sheila Nazarian. She is a board certified plastic surgeon in Beverly Hills. She's also on the Emmy nominated Netflix show Skin Decision. She's an Iranian American who speaks out against the Islamic regime. Again, Iran was an amazing country. Still is. Was not an Islamic country until the conquering. But this is her right here. Listen to this.
Dr. Sheila Nazarian
Ask the students screaming, death to America.
Jeff
Another good one.
Dr. Sheila Nazarian
Do you have any idea what happens when American values die? Because I do. My family fled a country where freedom died. You don't know what you have until it's gone. You think America is oppressive because you have never experienced real oppression. You think silence is violence because you've never been silenced. You think words are dangerous because you have never watched a government drag someone away for speaking them. You think capitalism is evil because you have never stood in a breadline. You think borders are important, immoral because you have never had to flee across one. And you think revolution is romantic because you have never had a revolution take everything from you. I have. And that's why I refuse to be quiet.
Chip
The whole speech is phenomenal. But she totally nailed it right there, especially about the borders. You never had a fleet across one. You think it's great to have open ones until you're locked inside and you cannot get away. It's really some heroes. Spencer Pratt. Unfortunately, they thought they were suppressing him by elevating the second nut job.
Jeff
He was saying here I lived in east Germany from 87 to 90. Communism is the worst, is worse than most people think. It's equal misery for everyone except the poor politicians and the police.
Chip
Top 3%. They'll do fight anything and do anything to protect their little slice of the pie.
Jeff
Yeah. And if you go to Berlin and you go to. And you look at the stark contrast between even today, right, this architecture of East Germany versus West. You know, it's amazing, the difference. South Korea, so amazing. And it persists today even though you go over to Berlin. Now you cross on the other side of the wall in that plaza there, and you have a Starbucks. But that's because communism doesn't exist there anymore. Architecture is still there. Very stark, very bland, very bleak, very gray. You know, it's amazing.
Chip
Yeah. Spencer Pratt. You know, they. Yeah, sure, they. They frauded him out of there. And the person. The third girl came in third place. Then all of a sudden, she was the only one that rose. And they counted the ballots for two weeks. All of a sudden, she's the only one that got votes. Not Spencer Pratt. Not even Bass got a few votes, but just enough to knock him out of the race. Right. He says, I'm. They made him a very power. He's going to be a way more powerful voice than if he just became the mayor of Los Angeles. He says, I'm an Angelino, meaning he lives in Los Angeles. Nearly all my friends and family are Democrats. All of them are terrified of the socialist psychos hijacking their party, pushing the insane communist gobbledygook. And they don't know what to do because they get called bigots when they voice any concern.
Jeff
What that tells me they're saying they're.
Chip
Yeah, pretty much.
Jeff
Yeah.
Chip
He says. He Sundays, I spent two weeks making a banger video exposing how blue haired socialists are breaking election laws with ballot harvesting. And then this blue haired socialist just admitted it on camera. Here she is.
Dr. Sheila Nazarian
White saviorism a little bit. My name's Claire. I work for the city government. Ever since.
Chip
Yeah and, and these. And the women are the worst. The young women are the worst. They're really just dumbest people.
Dr. Sheila Nazarian
Like white saviorism a little bit. My name's Claire, I work for the city government. Ever since mom Donnie got elected, the DSA has been moving very cult like it's gotten a little culty. And I'm saying this as a blue haired DSA member, very white privileged people going into these communities of color and knocking on the doors and telling them you need to vote for this person. I know what's best for you. There were certain candidates that they did not need to be running against that were very progressive and actually from those communities. Zuron's not a God, he's a politician. Hold him accountable every step of the way. Okay? Don't idolize any politician period.
Jeff
I don't even know what we just.
Chip
I don't even know what she said. Thanks Claire. I mean what a God almighty. What horrible.
Jeff
She identifies her as a blue hair dsa. It's like these people are dumb. They're just, they're so brain dead. Thank God that we have a whole generation now of smarter kids that aren't going to revolt against all this insanity that they thrust on them. They think the, the COVID era kids are, are going to come out and keep, you know, capitulating. They're going to say, you know what? F you guys, we're. They're going to be kind of, they're almost like Gen X. I look at the way they, they act, behave. They want things, they want older stuff too. It's interesting, you know, and they don't, you know, it. It's a whole different vibe with that generation. They want freedoms, they want liberty, they want to be left the alone. Kind of like Gen X, it's like stay the hell out of our way. We're sick and tired of this nonsense. Gen X, I'm gonna step up to the plate to fix things. You know the baby boomer generation and the Vietnam era hippies kind of trashed and ruined everything and we're, and we're still trying to fix it. And then they are polluting the minds of the generation beyond why they always ignore Gen X in this whole grander scheme of things. And you know, we're the freedom generation. We're the generation that everyone did get along, everything was okay. You know, there was no significant racial tension. Everybody was coming together as one. And when you take a step back and you start looking around people, you go, go to restaurants, go walk down the street, go to the cafe and you know what you see? You see everybody, you see a melting pot of everybody getting along and coexisting and living their life the way they want to live it. And then the fictitious narrative of the left and the way they, they label and then they, you know, it's all about labels for them. And everything they say they're opposed to is exactly what they're doing. And they're, they're so destructive. But this is right out of the book of, of the communist doctrine. This is exactly what they do. They have to divide and separate and they have to create animosity, they have to create tension. They have to create not just emotional tension, but violent tension amongst the different groups. And they've done an okay job somewhat. But now you're also seeing an awakening. Like if you go into social media and you see the different groups that are aligning to be conservative, there's a lot of people waking up across the board. And the one thing that I always have said from the beginning, it's our job to keep our arms wide open because eventually these people are going to come back home to the fold, right? They do wake up, especially if they're friends, family. If you've seen people kind of depart and leave the reservation and they're crazy left, at some point they do wake up. It's really, really painful. When I've seen friends of ours whose kids have gone away to college and have become leftist. It's disgusting. This is how you know that their minds are being polluted at the high school level with miseducation and lack of education. Then they get to the college level and their minds are being, you know, further warped. And you're paying for this, you're paying for the kids minds to be warped into what, what, where, where's, where's their success? You know, what, what are they going to accomplish out of that? And I question it all the time now. I'm like, where Chip? Where do you get the biggest education dayto day to understand how to live and survive in society? How do you, where do you learn how to build a business? Where do you learn how to program AI? Where do you learn how to YouTube? You know, your accounting, your finance structure, leadership? Where, where do all these skills come from? Is it with a four year College degree that's a piece of paper. And you're learning from professors that regurgitate other people's information, have never done an honest job in their entire life, you know, or is it in the real world, you know, kind of the world of hard knocks, you know, when you're actually trying to fight for your own success?
Chip
Yeah, it's 100% well said, Jeff. Well, you said something about. And I found it funny you said that these kids today like older things. So my older daughter recently went to Europe a couple months ago, and she. She brought a camera with film camera. And I said, why? She had to put it in a special bag so it would go through the.
Jeff
The.
Chip
The. You know, the security. And I said, why would. Why would you do that? I go, why would you? I said, I got. And the camp nice camera I have, my younger daughter wanted because she loves taking pictures with, you know, they just love taking pictures and then taking them, getting developed and stuff. And I'm like, I got the best camera right here on my iPhone. I would never. I would never. I couldn't be bothered to use for my. Why would you have to go through the pain that I went through? I go, what are you gonna do? Start listening to cassettes or eight tracks next? I'm like, what's next? Right. But anyway, she sent me this picture right here. This is a picture she sent me, which is phenomenal.
Jeff
Was that a film? Film camera.
Chip
Beautiful. And then there's some other ones she sent me here too, but this one's cool. Sometimes you get this weird stuff. You see the way the light hits that thing, hitting it. Kind of weird stuff like that, you know, just beautiful.
Jeff
Different contrast. You get different context when you use a regular camera versus it's a little
Chip
great, you know, So I get it, but I'm like, I can't be bothered to go. You know, that was the cool thing. You see exactly the picture. And what you don't realize what back in the day was like, you had 36 roll.
Jeff
Yeah.
Chip
Or 24 roll. And you were like, okay, do I take a picture of this?
Moon Chaser
Yes.
Chip
And click. And then you realize the person has their eyes closed or making a weird face because you don't know until you get it back.
Jeff
Right.
Chip
What you didn't realize was the reason nobody took good pictures back then was because they were trying to get. Think about what they're going to take of one of their 36 pictures. Meanwhile, the professionals were blowing through 15 rolls of film to find three shots that ended up on some magazine cover. But you didn't realize it. Taken, you know, hundreds of pictures to find the one or two that were good. Meanwhile, you're like, click, you know, and it's always half the person's out of the frame. You know, it's blurry.
Jeff
Disposable. The disposable cameras. Or they had those old 110 cameras. Remember the 110? They were like vertical.
Chip
Oh, yeah, those were. The negatives were this big. So it was like, it was already grainy by the time you blew it up to a regular three by five picture. Yeah. Oh, my God. They were great because they were tiny. They were like those little. They were like just a thin little thing. And you looked at it and the viewfinder was always on. Whatever. You said viewfinder never showed up in the actual.
Jeff
Yeah, the little flash bulb you could mount on it.
Chip
You know what the viewfinder was, Jeff? It was just a clear glass. It was approximation of what.
Alchemist
And it was never.
Chip
You'd line something up perfect and the person would always be cut off. You had to be far enough back to be able to do it. You know. You know what we need now? We need to go. We need to go around the world. That's what we need. We need to go around the world.
Jeff
Let's see. Let's see if we can go around the world.
Chip
We're going around the world. From US to Middle east to Europe to China.
Moon Chaser
The headlines are moving. We're connecting the dots.
Chip
Let's go around the world. Let's start off with Canada. Jeff, what's going on? Let's see what's happening. Let's see what's going on in Canada.
Jeff
Okay, Lots of fires in Canada.
Chip
President Trump, when we spoke a few days ago, is that.
Ryan Steele
It's not just. He's winning the argument.
Chip
He's won the argument. Countries recognize that they need to take more responsibility. See the direct threats. He was saying like you're can. Half of Canada is burning again. You've done nothing to def. You know, to get the brush away from the forest. You've done zero. You're not doing anything to combat these fires. And people are like. And the leftist headlines were, president Trump threatens Prime Minister Mark Carney. It's like, no, that's not what happened. He's telling them to be responsible. And here you got Carney himself. Well, unfortunately, that's all the wrong world we have. We usually have more, but what are you gonna do anyway, let's see, what's one thing? Let's. What's going on in Maine? With the. The replacement of the Nazi. Let's see who they've got that might replace the Nazi with the tattoo and nobody knew. And he attacked women and was on site with underage girls. No, not all that, but let's see what the. Let's hear from one of the candidates that's running for place.
Jeff
I don't know what they. What these people, they're. I don't know what they're drinking.
Chip
Wait till you see. Wait till you see.
Ryan Steele
I ran for office several times, didn't
Chip
win, but didn't run.
Ryan Steele
And then I'm a songwriter, and then I write my own books. And then I suppose my transparency. I wouldn't lie to the people and I wouldn't deceive the people. Like, where you're being deceived right now.
Jeff
Like, you're lying to them right now.
Alchemist
Yeah.
Chip
You're calling yourself a woman, and you're clearly not a woman. Ashley.
Ryan Steele
I ran for office several times, didn't
Chip
win, but I didn't run.
Ryan Steele
And then I'm a songwriter, and then I write my own books.
Chip
We got to play some of. Of his songs on here, Jeff, and see what those. Maybe they're good.
Jeff
Maybe he's a good songwriter. Maybe that's his. His calling in life.
Chip
I'm a good songwriter, and I wouldn't lie to people. But you're lying to them right now, saying you're saying you're a woman. Well, let's take a look at Kai Trump. Kai Trump is President Trump's granddaughter, and she's a phenomenal golfer. Anyway, she's at the celebrity event with Kevin Hart, and. And so she's gonna see if she can sink a putt, and then Kevin Hart's gonna try. Here we go. There it goes.
Dr. Sheila Nazarian
Boom.
Chip
She sinks the putt.
Jeff
She's good. You see, that line, too, is a perfect line.
Chip
Wait, what did. She was saying he wasn't gonna hit it, and she's like, what? What are you saying? Because, you know, Kevin Hart's a little shorter stature. She goes. Then she goes, I can't hear you from up here. Whoa, she's trolling. He's going to get up there. I got to turn the sound down. But anyway, he gets up there. Like, you see the line right there, right? You can see clearly the line. You need to sink that pot. Oh, no, he's off.
Dr. Sheila Nazarian
Hold that.
Alchemist
What's that
Chip
like? You pulled that. What the heck? She's totally trolling him all the way, man. She's like, what are you doing? You totally pulled that. She's totally trolling him big time, man. I mean just fantastic.
Jeff
It's funny, that reminds me when, when Aaron we're at Comic Con a number of years ago in Miami and he was in the Rocket League competition so they had a whole Rocket League thing. He ended up coming in second place. He could have won, but it was him. He was 10 years old at the time and the guy he was up against was like 30 something. And then his buddy the entire time was, was ragging on this guy and he goes, you know, right from the beginning of the game. So they had all their matchups and you know, and so there's Aaron playing with him and, and there's his buddy telling the, the guy, he goes, how's it feel to be losing as a 30 year old losing to a 10 year old kid? Because he was losing in the beginning and he was just ragging on him the entire time. I love it.
Chip
That's great.
Jeff
I don't know why that reminded me of it, but remind me of the difference of the.
Chip
I would, I would, I would feel pretty, pretty bad if a 10 year old beat me.
Martha
In the meantime, illegal immigrants in California now one step closer to receiving state funds that they could use for a down payment on a home. Senior national correspondent William lajeanness reports. Hi William.
William Lajeanness
Well Martha, the bill just passed the state Senate now goes back to the assembly where Democrats have a super majority and aides tell me it is likely to pass. The bill makes illegal migrants eligible for $150,000 to buy a new home. Programs for citizens and legal residents could afford to live here. But last week Democrats changed the law to say this. An applicant who meets requirements for the loan assistance program shall not be disqualified solely based on the applicant's immigration status.
Chip
The so these people hate Americans. They, they absolutely. For fraud hearings. They don't show the voter fraud thing that Trump released. They don't want it. The three networks didn't show it. CNN didn't show it. If you don't connect the dots and know that the only reason they give all this money to illegals and wanting them to be there is the permanent voters. That's it. That's the only reason social and economic benefits of homeownership should be accessible to everyone. Accessible to everyone, especially non citizens. Why? Because it's illegal. That's why they break the law when they come here. They want to get rid of ICE agents. Well, that ICE agents enforce the law same as police. Remember, they want to defund the police. How'd that work out? Guardless of immigration status.
William Lajeanness
So the program provides first time buyers with a zero interest loan up to 20% of the home's purchase price. So that's up to $150,000 cash up front for a down payment and closing costs. This year, this $255 million program sold out in 11 hours, requiring a lottery. 18,000 applied, 2,000 got loans. And when a home sells, the state is repaid when with a small percentage of any appreciation. The bill is sponsored by a prominent Latino rights group with close ties to vice president Harris.
Jeff
What the rest of the America needs to be worried about is the Kamala Harris waltz administration taking these crazy California ideas and nationalizing them and taking to the rest of the country. The country can't afford to buy illegal immigrants homes.
William Lajeanness
Well, this bill does have a lot of democratic support. The question is, does Governor Newsom sign it? If it passes, smart money in Sacramento tells me he does.
Chip
Yeah.
Jeff
Was that high pitched? Sacramento, Sacramento, Sacramento, Sacramento. What's wrong with the people out in California? I don't understand. First of all, it was 150,000, which is 20% deposit on a home.
Chip
Yeah.
Moon Chaser
If cash.
Chip
Yeah. There's no interest on it. They're basically just giving away to people.
Jeff
Apparently giving away 150,000 as a deposit on home. So it's kind of a government program, but it's open to illegals. They don't care. They want benefit. Think about the value of that home and that. So, okay, you gave them the 150, great. They had their 20% down. Can they afford the mortgage? Probably not. Can they afford the taxes?
Alchemist
What?
Chip
You're racist. So here we go. We're gonna close it with this one. Because this is, this is one of those feel good things. But this is Sylvester Stallone. He. There's a new movie coming out which actually the actor, it looks a lot like Sylvester Stallone. It's sort of Sylvester Stallone before he made Rocky and what he went through to get Rocky made. And the trailer is phenomenal. It really does. This guy really does capture sliced alone. I mean, he's believable when you see him. Kind of even looks a little bit like him, but has that dog, that voice. And, you know, his father's telling them, you know, you're not gonna mount to nothing. You can't speak properly and all this stuff. But this was Sly Stallone talking a little bit about, you know, himself and then one other person here.
Alchemist
When I did Rocky, if you remember, the first image was a picture of Jesus. It says Resurrection AC Club. I found a church that had been converted to a boxing ring. So the image pans down from Jesus onto Rocky being hit. And at that moment he was a chosen person. And that's how I began the journey. Something was going to happen. This man was going to go through a metamorphosis and change lives. Just like President Trump. We are in the presence of a really mythical character. I love mythology. And this individual does not exist on this planet. Nobody in the world could have pulled off what he pulled off. So I'm in awe and I'll just say this and I mean it. When George Washington defended his country, he had no idea that he was going to change the world because without him, you could imagine what the world would look like. Guess what? We got the second George Washington. Congratulations.
Chip
There you go.
Ryan Steele
Probably
Jeff
I didn't. I would be accused of but yeah.
Chip
Accused of. Yeah. They're pro saying that. People would accuse you of saying exactly that. Yeah but. But it was fun right there. Feed the algos guys. Click on those likes guys everybody right now. Take a second go. Click that like subscribe if you're here for the very first time. We have a lot of new people that join us all the time. Love to see you guys. Charles is absolutely right. Hit the like guys. It really does help. You guys have been really helped growing the channel showing up here. So really appreciate you guys like together. You guys are sharing this more than ever. Love that you like it on. On social and we all come together. You guys are part of the show. This is why we love doing this thing. Because of you guys. You guys make it worthwhile. You guys come in here, you share your opinions. Even, even. Even our favorite leftist was in here earlier. So we were. We were religion or something. I don't know something he said we were crazy and he had to leave. But he likes the crypto part of it. But I do get coming in here and this is a place to share your opinion. We may not agree with it but you get to share it and that's fine. And we lie. We like people that are contrary believers. Right Jeff?
Alchemist
That's right.
Jeff
And alchemists have been coming in here for years.
Chip
Alchemist has been here for years.
Jeff
Dedicated OG always always posts, you know, great commentary even. Even if it's a contrary opinion. You know. So he always posts his stuff and big crystal support.
Chip
But having that log and having that contrast and talking about it is great. You don't want to be was funny because Bill Maher was. Was on NPR and he called him out. He goes I think that this place is a far left and like, just the farthest left. And the guys look. I was, like, shocked. He's like, we have all kinds of interesting people on here. Yeah. What he didn't say was you never have anybody from the right, you never interview anybody to be serious, to learn about them. And, you know, Bill Maher really is one of the few voices, like he says, still a lot of stuff I don't agree with, but he calls out the absurdity on the left and how it's turning into communism and how it's turning into socialism and how that's bad for the party and bad for the country. I mean, the guy got to give him a lot of credit. I do enjoy watching him, whether I agree or don't agree, but at least he's coming. And Fetterman's the same way. He's still a Democrat. I don't know how, but he calls out the absurdness. He was the guy that was against, you know, the Nazi up in Maine from, from the get go and, and, and criticize his party. So you do need these alternate voices out there that, that are not always going to be in line. I see Deaton always, you know, he criticizes President Trump, too, and that's, you know, a strategy of his. And, you know, and I don't always agree, but I think he'd be the great voice we need. We don't need another marquee in there. He's the voice we need. And you don't have to agree with everybody 100% of the time, but the guy's gonna vote. At least he votes what he believes in and, and with his heart, not trying to be. That's not against communism, not about open borders. And, you know, this is, this is what we need more of that. So, yeah, anything before we get out of here, Jeff. Anything at all.
Jeff
I want to know if I'm related to James Khan.
Chip
James Khan. That's good. That's a, that's a good. Yeah, he's, he's, he's, he's Jimmy Khan's great nephew. You didn't know that? Starting rumors on the show, Jeff.
Jeff
Right.
Chip
I'll take the James con. I'll take the James Kahn reference.
Dr. Sheila Nazarian
Wonderful.
Jeff
My dad was. Okay.
Chip
That's a good thing. It's not a bad thing, Jeff. Not at all.
Jeff
No, not at all. Joe Bud has been an NR NPR listener for 30 years. Commie slot now.
Chip
It was always in the 90s. Dude, I hate to tell you, was commie slopping the early 2000s in the 2010s. It's been commie Slough since the very beginning. This network from day one. Not, not all of this now. When the car guys were on there, that was fun to listen to. That was just like a normal program. They were funny and they never talked about car. Like there were certain programs on there that I did like to listen to. There were some, some posts that back in the day that I would listen to. Yeah, it's gone extreme left, but it's
Jeff
always, I always like the classical music because they would come on and all the guys went, you know, npr, classical, whatever.
Chip
Well, Cynthia Lumis just endorsed John Deaton which is, which is a big endorsement, a huge endorsement. Let's go Clarity. Monday could be our day. Well, let's keep it together Monday.
Jeff
Monday's our day in my shoes.
Chip
So there we go. That's it, guys. All the time we have you went off on.
Jeff
He's trying to share. He's trying to share something super sentimental. And then they just made fun.
Chip
No, it's always been. It's always been. I, I mean I did listen to some things back on the day myself.
Jeff
That he made that progression from Democrat to.
Chip
That's fine.
Jeff
Which is that, that's the important part.
Chip
We're gonna jump on anything out the left. I personally don't agree with anything Jeff and Chip talk about. I just come to show because they're both good looking guys. Now I know you're lying for sure. Now we caught you in a live visual vendetta bringing the jokes. I like it. I like it. Don't worry, Joe. We're just having a little bit of fun, dude. Because I too did listen to it. You know, if it's. It's always been that way. But there was some good shows in there. You're good, Joe. No judgment here. We all learned at different times. That's true.
Jeff
Yeah.
Chip
I was accused back in the day when I was the journey. It was when I was a teenager. I was accused of. I worked at this car place and they're all leftists over there and they're like. They called me the Reagan youth because I was always talking about how great Reagan was. And he was the first president. The second term I was able to vote for because I was old enough, but tells you how old I am. But they would call me Reagan youth, like Hitler youth. They call me Reagan youth. They tell me, here's Reagan fan, here's Mr. Conservative, here's. And I was just like a 6 to 15 year old kid. Like, what is wrong with you. And my parents really never talked to. My parents were JFK Democrats, right? And they became Reagan Democrats. But Reagan ran. They ran. They voted for Reagan. And they were always. But we never really talked about politics. But my parents, hardcore conservatives, you know. You know, my dad voted for, you know, Trump three times. My dad went to a Trump rally with me back in 2016. Unfortunately, it was about 100 degrees outside. There was nowhere to sit. And I give the guy a lot of credit for standing out there the whole time. And. And that was the first time I ever saw Stephen Miller. I'm like, who the hell is this dude? This guy's crushing it. And they had gold star moms out there. And then Trump's helicopter came in as the sun was setting around the backdrop. Somewhere out. That video of that, it's just epic. And he got on stage and just crushed it. And I was at a. I was the earliest Trump rally I was at is 2011. That was in Boca Raton. And he was. He gave a rally. I knew he was going to be there with two other conservatives. People go, like, what park? Where's that? I tell them. They go, dude, I don't see it. I'm like, it's so small. It's. You'll. If you. If you even know it's there, you don't know it's a park. But anyway, I was like, from somewhere, I've got that video, but it's the same. Trump's been. Things Trump's been saying for 40 years, nothing different. He just decided not to run against Obama in his second term, decided to run after Obama. So there it is.
Jeff
I'll tell you what, Tell you, when I decided that I was a Republican was when Reagan got elected. And I can remember my mother was a. A leftist at the time. And so I can remember we were living in Santa Barbara and she was in graduate school. And I can remember being outside playing, and everybody in the apartment complex, including my mother, they all came out when Reagan won, and they're all screaming and upset that this was the end of the world. And it was at that moment that I knew. Exactly. And it's weird because I was probably 9 or 10 years old, and I. And I knew exactly at that moment there's something wrong with these people that are all out screaming. Jeff turning point. What's that?
Chip
At nine years old, you diagnosed the problem right out of the bat.
Jeff
At 9 or 10 years old, I diagnosed it and that was it. Moving forward, then I some, you know, grew up overseas and everything. A little Bit different, but, you know, after that. But then it was interesting because I can remember, you know, coming back to the U.S. you know, Bush was running for office then. I can remember having conversations with my mother at that point in time, and she was still a leftist, still Democrat. And it took years. Like, it took years of talking to her. And eventually, you know, I started introducing her to Rush Limbo and she started listening to Rush and then she would say, oh, my God, you know, I, I actually agree with what he's saying. And it was like these little slow narratives. And now she's ultra conservative, you know. But I told her, I said her entire existence, she raised me conservative with conservative values. Said, you never raised me as a leftist Democrat ever. Like, I had zero wiggle room. It's like my entire life growing up was very kind of. And she didn't realize it. And I said, this is how you raise me, you know, and so you have conservative values. You're just kind of living in someone else's utopian dream of wanting to be a leftist hippie, right? And so it. Now when you talk to her, you know, it's. It's interesting, you know, the different dynamic, but, man, it's, it's crazy as you grow up and you kind of see the changes within your family and how the narrative kind of shape you.
Chip
And my other family, cousins and my brothers, my. My father's two sisters, lefties, you know, my mom was an only child, but her, her cousin, who was like her sister, she's, you know, I still talk to her. She's a hardcore, hardcore. And her daughter is a lefty, and she battles with her all the time. And meanwhile, she was brought up in a very conservative home. And sometimes people just want to just rebel against that. But the new rebel is the conservative movement. That is the new punk that is, you know, you know, fighting for freedom. These people just. They don't know, man. They don't. They're not stewards of history. They don't get it. They don't understand. If it's so great, go move someplace else. Go to a communist country and see what it really feels like. You're everyone's equal. Someone said it. Or everyone's equally miserable at the same time. That's what it is. You're stripped of everything. If you're the top 2 or 3%, you will kill anybody, you will fight anybody to defend your little slice of the pie. And it's not even as good as the upper echelon, but you'll take it. And it's just kind of how it works. And you know my kids are divided. I got one that's leans left and one is way right with me. So went away to college and became just drank the Kool Aid and the propaganda and that's what happens. The other one went to the same school and turned out different. So that's how it happens. And look, I love them both. I don't care if but you know, we don't talk. I'm like we don't have to talk politics. We don't have to. I don't care about that. None of that matters. Just want you to do well, be happy and if it makes you happy, cool. And must be weird having a really ultra major reasons being on the other side and having a, a father that's like totally a heavy hardcore conservative but the way it is I don't apologize to anybody for anything. And I've since I've, since I can ever remember I've never ever been lean to the left. Never, never. I wasn't one of these reformed guys. I was, I was always on the team and even though I didn't know what it meant, it always made sense to me. And you know the first president proud to say that I voted for was Reagan. I was old enough to vote and that's. And I'll that'd be to say that I voted for Reagan and be like cool. Didn't get the vote from the first time, I was too young but second time, oh yeah. And I went to you know and I was in college at the time and I remember going to, you know I remember seeing all the speakers come through and I went to the Democrat rallies and I went to Republican rallies, went to them all, you know, just check it out and see. And I noticed something very even back then in the 80s I noticed, I noticed the mental illness on the left. It's, it was always there. Jeff is always weird crazy people talking. I just, I don't know, it feels like there's a split either. Either you lean to the right and you believe in freedom, you believe in, in doing the best your family. You believe in smaller government, you believe in you know or you believe in these, these made up utopian things like you mentioned earlier. You think it's going to be great and you can't ever study things that didn't go so right because you still believe that if it's just done by you and the rest of the people it's going to be so much better. Meanwhile you had people show up and like bamas. And you know, the Clintons and you kind of see how that sort of goes and how it works out. Doesn't work out so well. You see, a guy like Biden doesn't work out so well. Economy crashes, everything goes through the roof. And meanwhile, you know that new prime minister, that's, that's going to take over his big new platform he's been pitching, he wants to raise taxes. Well, that's weird. Do leftists do anything? The only thing they're universal on around the world is raising taxes. They never solve the problem. To then talk about the problem more, but they never solve the problem.
Jeff
Nope. Just, just more money, more handouts. More money, more handouts.
Chip
Right.
Jeff
How about less money, less handouts, Let people decide.
Chip
Yeah, how about that, Jeff?
Jeff
For sure. Give us all of our money back.
Chip
So, guys, we did a two hour show on Saturday. We gave you two hours. Guys, thank you for hanging in there. Appreciate all of you. Have yourselves a great day. We'll be back here tomorrow evening with another shorter show, but we'll be back Sunday. Sunday, Sunday. That's all we have. See you guys on the next one. Chip and Jeff.
Scott Besent
Oh,
Chip
are you down with otc?
Ryan Steele
Please, like subscribe and click the bell
Chip
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Podcast Date: July 18, 2026
Hosts: Jeff, Chip (plus Moon Chaser, Alchemist, other regulars)
This episode delves into the rapidly changing landscape of blockchain and digital assets, with a special focus on XRP, Ripple, and the evolving regulatory and financial infrastructure in the U.S. The hosts analyze why the story isn’t just about Ripple anymore—it's about the integration of major financial players, the rise of real-world utility, and the critical role of regulation and innovation. They break down why “they just connected to XRP” is more than a headline—it signals a fundamental shift in how institutions and infrastructure are connecting to what’s already been built in the crypto space.
The narrative isn’t just about Ripple, but about who’s building on top of XRPL and other networks, and how the financial infrastructure is moving in sync.
Chip (on payment rails):
“You can't even find where the money is. He has no idea where it is. He doesn't even know where to look… If you do that SWIFT trace, good luck with that.” (16:40)
Rep. Ryan Steele:
“For 250 years, America has led the world in financial innovation… Now it's our turn to meet the moment. Today we'll hear from experts who are building the next generation of financial innovation and we'll hear from them on why they believe the Clarity Act is essential. ... It's time to pass Clarity.” (32:30–35:38)
Dr. Sheila Nazarian (on American freedom):
“You think America is oppressive because you have never experienced real oppression. … You think capitalism is evil because you have never stood in a breadline. … And you think revolution is romantic because you have never had a revolution take everything from you. I have. And that's why I refuse to be quiet.” (83:28–84:35)
Marco Rubio (on leftist ideology):
“It is a revolt of the worst against the best, a revolt of the weak and the cowardly against the strong and the good. It is perpetrated by those who cannot build, who cannot create, who cannot achieve great things … and have nothing else to offer the world..." (71:31–74:34)
Chip (on event culture):
“Japan's got the best crypto events, the best swag, the best food… Why do we always get a sticker? What am I going to do with this?” (66:14)
For listeners new and old, this episode is a wake-up call: the era of institutions merely speculating on blockchain's potential is over—they're connecting to the infrastructure, and the regulatory and political environment is about to solidify the next decade of global finance.