Loading summary
Jeff
Man, the biggest misconception in crypto. That's right. Is that the companies that build these systems because they already have everything they need. You know what? I don't actually think that's true. I think they're actually building them because they know what's coming and they know they're going to need more and more and maybe a little bit more.
Chip
Yeah, I mean, that could be an interesting way to look at it, because nobody really spends years integrating infrastructure. I mean, partnering with banks, you know, working with payment companies, launching tokenized assets unless they're expecting demand on the other side.
Jeff
That's right. Exactly. Now think about this. Right? Think about MasterCard, JP Morgan, Ripple, Ando, grayscale. I mean, I can keep listing these off, but none of these customer or companies are actually acting like spectators. They, they're acting like participants. Now, participants don't actually prepare for a future they don't believe is coming. And these guys are all getting ready. They're preparing. So they know what's on the horizon.
Chip
Yeah. And that's kind of why tonight's lineup is a little bit interesting. Every story is a little bit different, but each one points to the same type of behavior. All about preparation, not speculation, preparation. And I think this is the best time. We should probably just get into it. You ready, Jeff?
Jeff
I'm ready.
Chip
You sure? Let's go.
Jeff
Yeah, I think so.
Chip
Welcome to on the Chain.
Jeff
All right, welcome to on the Chain. This is Jeff here with co host Chip. What is going on? Chip, what's going on? Everybody out there in the on the Chain community? Big question. First question of the night. How many drinks did you have while you were watching the World Cup? That's the big of. Of the. Of the night.
Chip
Boring.
Jeff
World cup final, man. It was great. It was great. Not that, not the game so much, but the drinking. I was sitting on the beach at the T bar, and, you know, it was a rough. It's a rough life, but someone's got to do it. And a lot of people gathered around cheering from the different bars, you know, in Spain scored, but half were rooting for Argentina, half were rooting for Spain. And you guys know how that ended. Now, let's. Let's actually kick this off. Chip, let's start with what I think is actually the biggest story of the week. Not because Ripple announced another partnership, but because of who is actually standing right next to them. And we've got MasterCard, got JP Morgan, we got Ando, we have OkX, we have Grayscale. And when you actually step back and you look at the list, these guys aren't crypto companies trying to get into finance. They are actually financial infrastructure. And they're all building together. Right? That's what it looks like. Now that is a completely different conversation that we typically hear.
Chip
Yeah. And that's kind of like, kind of what jumped out of me too. Because people hear partnership and then they think, well, it's just like a press release. I don't, I see companies that move trillions of dollars asking that same question, like, well, how do we move value in the next generation of financing? Like, more importantly, Jeff, I think it's what about infrastructure? Are we going to build it on? Right.
Jeff
You know what, that's a great question. I love that. I love the idea of infrastructure, I love the idea of development, I like the idea of growth. Now what I think tonight's title is so appropriate and actually this is, you know, key, right. This is that they need more xrp. Why do they need more xrp? Because if these companies are actually building systems to scale, this really isn't about buying XRP because it's speculative. It's actually about having asset access to the actual asset that is going to help power the network in general. Now that's a very different way of thinking about it. Why? Because Most of the YouTube fanboys out there are thinking about what? Oh yeah, they're thinking about the speculative nature of the XRP asset. Well, in actuality, as we start connecting all the dots and you start seeing all the companies and the infrastructure that are building. Right. They're actually building the network. Much, much different thought process that goes into that. Sometimes you gotta be able to connect the dots like we do. And I think Chip and I are the only ones that seem to do that over here on YouTube. Now let's start with this grayscale interview because I think it actually gives us a window into exactly how Ripple has positioned itself for institutional adoption.
Chip
Yep, sounds great, Jeff. Let's throw it up here. Let's go.
Jeff
Talking about it here at the conference.
Chip
I'd love to hear kind of any
Jeff
partnerships you have going on at Ripple. And I know you had a big announcement yesterday, if you would speak to that and maybe how you see the landscape now and where Ripple fits into that. Sure. I mean we're.
Chip
Everything we do at Ripple is built
Jeff
around serving institutions and building institutional grade infrastructure to help move value. The Internet of value is really our core mission and has been since day one.
Chip
Yesterday we talked about a partnership together
Jeff
with mastercard, with JP Morgan, with Ondo Finance, where trades are settling on the XRP ledger. Very exciting. Last week we had a big announcement on OKEx specifically for our stablecoin rousd for both spot and derivatives trading, use of collateral, a number of different things we're doing with them. And so from a stablecoin perspective we launched a little over a year almost coming up on a year and a half, very strong momentum not only in market cap growth at 1 billion6 but more importantly to us the longer term utility that we're seeing a lot of focus first on getting availability around all the major exchanges were we're basically everywhere we want to be. Market makers are there. The custodians are starting to support it more and more. And so now that we've got availability and infrastructure built, now it's really focusing on long term use cases.
Chip
Yeah, I like that Jeff like he like asked him a question like hey, you got any partnerships? He's like yeah, only let's see MasterCard, JP Morgan, let's see OkX Ando Finance like just casually drops it in the conversation if he's. As if he was expecting some little small type of thing to be happening.
Jeff
Right. Not too many out there. Peter from Toronto.
Chip
Peter in a while. It's good to have you here. Good to see you back.
Jeff
My man Antoinette tuning in that joining beautiful Chris Flair. Some people tune in from all over the place. We've got Ellie and Tron. What does this have to do with xrp? That's right. We're probably gonna get that here in a little bit.
Chip
Oh we always get to it, don't worry. And then this one here, this was the one Visual vendetta said today better be a good show because I skipped cuddle time. My wife to watch the show. Oh listen, given those two choices Jeff and I were both in unison would have been cuddle time. I'm sorry man, you gotta go with what it's like but. So I don't want to be too be too disappointed but hey man, I'll take cuddle time with the wife anytime.
Jeff
That's right. And look at that. The chain that never stops on the chain.
Chip
The chain, it never stops. It's always trying to get more, more and more and more. Look at this right here. So here's ripple JP Morgan, MasterCard Auto completed the first cross border tokenized treasury settlement on XRPL in under 5 seconds. Got to love that. And then here we've got. Well let's just play this Jeff, the World Cup. First of all, sadly enough it was so exciting every day Watching matches. And they got fewer and fewer and fewer until. Well, it's all over now.
Jeff
It's over.
Chip
However, we will leave you with this. What if Ripple were in the final? What if they were playing? What would happen, Jeff? What would that look like? Let's check it out. FC will face off in the World Cup Final against Crypto fc. What a night this is going to be. Coach Brad Garlinghouse himself, the man who took on the sec.
Jeff
Yeah.
Chip
Let's quickly run through the Ripple FC roster. Ashish David Schwartz, the architect. He built all of this. Luke, ice cold in front of goal. The community's favorite, Monica Long. She runs the show at Ripple. Stuart Alderoty, undefeated in court, unbeatable in defense. Chris Larson, the co founder. All of this started with him. Goal.
Stella
Salute.
Chip
Now the Crypto team. Nobody has ever seen his passes. Sam Bankman. Just don't ask him where the ball went. In goal, Michael Sailor catches a ball once. Justin Sun. He paid $6 million just to be in this lineup. As Hoskinson, his first goal. It's easy. Funds are safer. But the defense is not. And Vitalik. He'll scale the attack eventually. Their legendary coach insists he is not. Satoshi. Sure, Grandpa. How will this final end? The solutions already know. See you at kickoff.
Stella
Here we go. The Crypto World cup final. And your referee tonight, Gary Gensler himself. Monica Long. Silky. She dances past Justin's son like his last audit. But Alderoti reads it. Intercepts Ripple's lawyer cleaning up as always. Bankman Fried driving forward while he still can. Better turns, but there's salute. What a save. And Satoshi head buried in his hand. Larson on the volley. Ashish Bang. Right into Hoskinson's face. Ripple pouring forward now. Oh, it's in. Go. Schwartz smashes it home.
DSA Leader
Ripple to the moon.
Stella
Ripple FC pumping harder than XRP on a green day. And Garlinghouse loves it. But Crypto won't follow. These lads survived. Worse. Zuko, the Zookash man salute had no privacy on that one. 1 1. Justin sun first to celebrate. Never misses a photo. And poor Salute beaten at his own post. The XRP army has fallen silent. Ripple review Schwarz to long. Monica driving at the heart of Crypto. CZ sees the gamble and he does not like it. Long. She scores. Monica Long wins it. Two 1. R knee slide. And there's the final whistle. Even Gensler can't deny it. And there it is. The Harland rook next forward. Ice in the veins. Ripple fc, our champions. And Satoshi walks alone down the tunnel. Anonymous. Even in defeat, from the courtroom to the World cup, ripple lifts the trophy. Kings of the world.
Jeff
Oh, God, that was fun. That was by far the best clip, hands down.
Chip
That was way more exciting than watching the final, Jeff. The final.
Jeff
A lot better than the actual game. I'll tell you what.
Chip
I was like, Argentina was playing to not lose the game, and they lost the game.
Jeff
They lost the game.
Chip
I mean, it was like 98. Even when they showed the graph, I was all, Spain. If Spain would have lost, I mean, it could have gone to pks. I'm like, what are you playing for pks? I mean, geez, this is pretty much.
Jeff
That's what. Embarrassment at the end.
Chip
It was very.
Jeff
Once Spain scored three goals at the end, granted, two of them didn't count, but still.
Chip
Well, offsides. And that's. And half the time, like, they're about ready to. And they're like, oh, they're outside. So they got to kick it back around. Because my buddy's like, well, what's going on? I'm like, well, you see that? The dudes offsides, they come back on sides. They're always looking to see where everybody is on the. On the pitch. And then they go like, okay. And to me, that slows the game down so much. It's like, you know, and that one, I mean, it was like. It was like his shoulder, right? It was like, barely his shoulder when they showed it on the reboot.
Jeff
Barely. Barely. His shoulder was through.
Chip
But, I mean, I'm kind of glad they do have that, because otherwise you'd be like, oh, no, he was on sides. And like, you know, you can see. Exactly. It was like. Or barely awesome.
Jeff
Or they could just have a blue line.
Chip
They could have a blue line, too, like the Unhog. I mean, that would even be better. I mean, man, it would be great. Look at this. Here you've got T Row price, basically, and launched their first crypto ETF. It's actively managed by a basket of ETFs launched during a bear market. Really interesting time in there, Jeff. But then I know for the fact that this product was years in the making.
Jeff
That's right.
Chip
Legacy asset managers continue to build in the crypto space, despite the pullback in prices. That's a good point. That's something that, you know, needs to be talked about. You're not kind of like, whoa, let's time the market. No, no, just release it and let it work.
Jeff
But, well, you can never time the market. That's why.
Chip
Yeah, and good luck trying, because you'll Always be wrong. And when you're. When you're right. When you think you'll be right, you'll be wrong. When you think you're wrong, you'll be right. Vet put this up here. He said in two weeks, less than two weeks, if everything goes well, these future amendments will come to the XR ledger for voting. So check it out, Jeff. You got batch BE batch transactions. You got confidential transfers. That's for privacy. Good. Sponsored fees and reserves. You got permission, delegation, dynamic MPT and a bundle fixed a bundled fix. Performance improvements up to 40. Memory reduction on some machines. Best case, at least 10 to 15 though. Big fluctuation there. I guess it depends on what you're running. And then reduced likelihood to get out of the sync for nodes and validators and lots of other splashy type improvements of the XRP ledger code base. So a lot of stuff happening. I mean, it's like you think like, wow, you're sitting back. If you're not paying attention, you might miss something.
Jeff
Jeff, I like, I like to get some definition of what the M dynamic MPT is, but I'm liking the idea of the confidential transfers. I like the idea of being able to batch, you know, I like a lot of the general improvements across the xrpl, you know, that are really critical, especially, you know, as we're starting to move more into smart contract and rolling this out in real time. So there you go. Dynamic multipurpose tokens. Dynamic MPTS refer to the proposed XLS 94 standard, which allows issuers to mark specific token properties as immutable during creation, while standard MPTs have immutable onchain metadata. Once issued, dynamic MPTs empower issuers to modify selected attributes as business needs evolved. I like that idea.
Chip
There you go.
Jeff
That's really important. There you go.
Chip
There you have it. You asked for it.
Jeff
Background on the mpt.
Chip
You got it.
Jeff
You the business need.
Chip
And you know, it's so funny. Like for some reason I'm gonna see if I can find the original post here because it might be important to. You know, it's weird because I was looking for this earlier. Let's see. You know something, I know minus posted this, but it's got a lot of pickup. There's been a lot of weird stuff going on about flare lately. You know, people doubting flare, wondering about flair. I mean, pretty much anything and everything. So I'm gonna try to see if I can find his post about this. I don't know if I can find it because I know I even commented on it, but when I'm looking for it, let's see, was it today.
Jeff
But we've seen, we've seen kind of this, this idea notion of people kind of backlashing against flair ever since the Songbird airdrop And then the 30, imagine it was a 36 month rollout. And I can remember, we look back at that period of time, we're like, oh my God, 36 month rollout, that's going to be forever. And then all of a sudden this past year it ended and you look back, you're like, holy, 36 months just flew by. And in the terms of crypto development and ecosystem and software expansion, all the things that are going on, Chip, if We look back 36 months ago to where, you know, a little more now because that ended, you know, not, not just recently, but if you look back at the overall development within the crypto space, it was all crypto, crypto, crypto blockchain. It was kind of the forefront of all the development, all the technology. We're thinking about smart contracts and we're thinking what else could outdo blockchain? And then all of a sudden what rears its head? AI. And now AI coming to a completely different level. Now we have agentic payments and we have all these other things that are, are happening that now we have to see more development. I think the development of crypto blockchain coming more in sync with traditional financial infrastructure and then AI being able to tap into it. Now if we think about how we can expand on crypto blockchain and fast payment infrastructure, crypto or AI definitely agentic payment definitely needs streamlined fast payment infrastructure cannot live and exist on legacy infrastructure. So we're going to see, you know, definitely, and we've talked about this for weeks, the combining of these two technologies. Lots and lots of things happening. Crypto. What does crypto and AI have in common? Big data centers. You need big data center. A lot of production or a lot of calculation. You need validators. You need it to be on a global scale. AI obviously at a much higher infrastructure requirement. But still, you know, all the hashing power and computer power and this dynamic of where we're moving Chip, I think, you know, we're onto something that, you know, I've watched a lot of videos recently that are talking about how we're out of sync in our timelines. Like something happened maybe 2012, maybe a little bit forward and it seems like, you know, things went out a little bit out of sync and you know, we have kind of the nuts, you know, coming out of the closet, politically speaking, and, and elsewhere. But it just seems like things maybe were out of sync, you know. But we look at this development and the pace of AI, at how fast AI is developing. I don't even know how you stop it at this point or not stop it. But you know, it Chip, where, where do we see this going, you know, in this interface between AI and blockchain? I, I feel like, you know, it's all happened like in the past 24 months.
Chip
Yeah. I mean, plus these frontier models, you got things coming out of China that are besting it. Less price. They're flooding the market with this, with, with Chinese stuff. And you know, the Chinese are, are notorious for stealing IP intellectual property and people are like, oh, it's all the rage because there's no. You can, you can. It basically ignores all copyright restrictions and there's no sensitivity. You want it to auto code and do, and, and do a security audit. Yeah, no problem. Yeah, it's no problem now. But just imagine what's coming. I mean, I think at some point the government has to let off. You can't try to hamstring innovation. It's like innovation or it's not. And the right people have the right stuff in place to counterbalance it. Because the open model, open source models that are coming out of China are just too powerful. There's been two. You had Kimi three, you had this other one that was just released yesterday that's way too powerful. You're not going to stop in a special open source. Now, open source isn't the, It's. I don't even know if it's. It was open source. Like the Kimi 3 was open source for a little bit. Then also they were stripped, stripped the open source. And then when people started actually analyzing, one guy said it did, it ran for 10 hours straight. It did all of his bugs, all of his security improvements because he said that when he tried to run it on, on Fable, which is Anthropic's frontier model, it kicked it down to Opus 4.8 and he said so that wasn't what I wanted. But you know, obviously that's what happens when you have the guardrails in place. This guy that ran it through Kimi3 said he spent $250. I thought it was kind of high. I was like, it doesn't seem like it's that much cheaper. But that's because he ran through open router and he also ran with Bitcoin. So he's no kyc and he was Kind of like basically being anonymous. But I mean, if that stuff's running back to the cloud, they're taking. They're analyzing your code, right? So that's the part of it. If you're running something, you got something that's next level, you're running, making a new SaaS product, whatever it is, it's auditing your code, it's looking at your code. I mean, if it's heading back to the cloud, don't think that. That. I don't think that. I mean, do I trust any AI company? No open AI, anthropic. I trust them a lot more than I trust the Chinese model, Jeff. And. And when it. And as applies to blockchain, we got the same thing in play, right? Blockchain will keep all of the AI basically honest because it's all on the blockchain. It's all recorded. It's. It makes a lot of sense. But we're getting to the point right now where, I don't know, 2026 is an inflection moment when it comes to AI. And when I see the AI wars and I see all my. I'm in a group chat with a bunch of AI people who are pretty amazing and building freaking awesome things, and they're like, the Chinese models. Europe, the U.S. is dead. Forget the U.S. i'm like, yeah, we'll root against the U.S. all you want. You know, I wouldn't root against Elon Musk. You want to know why? Because anything he puts his mind to, he conquers. And he was the co founder and OpenAI. And it was supposed to never be a for profit, and then it became a for profit, and Elon Musk went to court and sued, and nothing came of that. So he went out and settled in 2047 to build my own. Oh, he is. And I would think his models are going to be pretty superior because he has a lot of money to throw at it, but I think they'll be more efficient too. A guy that can catch the largest rocket ever flown with chopsticks and then launch it again, that's the guy I'll put my money on.
Jeff
Jeff, just want to give a quick shout out to Ignacio Barez over here. He says, hello, I'm Nacho from Spain. What, you want me to win?
Chip
Well, you already won the World cup, man. Good job, Good job. And I kind of thought Spain was gonna win. Three minutes into the game, I said, spain, if Spain doesn't win this, it would be a travesty because Spain dominated that game. It was just it was, it was domination. And I gotta say that the keeper for, for, for Argentina, man, there was so many nice things I thought would have been goals. He stopped at 20 shots and then landed, you know, a bunch on goal. 20 shots being had. Meanwhile Argentina had zero. Okay, so Spain, absolutely 100 deserved to win that.
Jeff
Mike, John is saying if the Clarity act doesn't get signed by August 7, then XRP is a dead horse. I don't think Clarity Act, I think there's a lot of talk, they're, they're trying to get it aside, but I think if it doesn't it then it moves on to the next Congress. And so we're looking at 20, 27 kind of where, where that's going. I don't, I'm not confident that it gets signed in the next two weeks.
Chip
Well, that's because the problem is they start, look, the Democrats start raising all this stuff. The ethics issue, the ethics issue. Oh, they're never concerned about the ethics issue and the amount of money they make with stocks. Right. Every one of them goes in there poor as hell and all of a sudden they become multi millionaires. They have all the inside information. If you and I were to do that would be inside stock, insider trading. But not them. No, no, they have advanced information. They say that, oh, they don't do anything. They can make one call, they're whatever, you know, companies running their stocks for them. But they all do it on both sides of the aisle. But they're worried about Trump because Trump made over a billion dollars in, in crypto. So what, what are you gonna do? You can stop them from making money in his hotels too. What are you gonna do? You stop making from money in the, in the open market.
Jeff
Who's actually making money with these other frauds? They don't have businesses, they're not producing anything. They do nothing to make money except for defraud the American people. Then they go out, get a book deal, they get kickbacks, they come out, get a consulting gig, their family member gets a consulting gig, their family member sells art. The whole thing is a fraud. I mean it's, it's such a high fraud. Think about what's her name? Elon OMAR. They reported 30 million in, in, they in, in, in value. And so you know, if you think they're reporting that they had a net worth of $30 million and then they're. This so called winery wasn't producing anything. Then they went back, redid their accounting. Why? Because USA disappeared. But they go back, redo their accounting and what it, what was it like a net loss of like $3,000. So it went from a net. They, they had a 30 million like loss, right? Net value of 30 million. They were a net worth of 30 million to. They're worth nothing. And why is that? Because they were anticipating the kickbacks. Just like Joe Biden's kickback with this book deal, which is a fraud. His son with Art Obama with his book deal when he was running for president back in, in 27, 2007 for, you know, when he's elected in 2008, he had a book deal, they front of him a million dollars. I mean the whole thing, it's all, we were talking about this a lot, you know, and you were talking about how they put the New York best bestseller. And then they're at Costco, they're stacked, you know, floor to ceiling. Basically nobody buys the books. But it's such an easy way deceptive practice of laundering and moving money. It's such a, such a fraud. And so here we go now, you know, we have. And so they hyper focus on Trump who actually has, you know, businesses that are producing lots of money that aren't run by him at this point, but, you know, do bear his name and you know, it's all part within the Trump family. So that's what they're going to hyper focus on. But this is again coming from political elected bureaucrats that have never worked a day in their life. They've been career politicians like Bernie Sanders has never worked an honest day of his life. Joe Biden should have failed out of law school when he was caught, you know, cheating. But he didn't fail at a law school when he should have, he should have, you know, he should have never been able to run for another elected office when they found out that he was plagiarizing. And so they found they caught him plagiarizing. He had to stop running for elected office because of plagiarism twice. And yet he still runs again. And so this is the, either the American electorate are stupid and they're going to keep electing fraud and, and, and career criminals, you know, or they, they love the fraud. And I think that's probably what it is, you know, on the left at least, and I know it's on the right as well. I know there's Republican rhinos out there that are out there specifically and strictly for the money. And you look at like a Marjorie Taylor Greene who left office and all of a sudden her net worth increases in double digit millions. But you look at These types of individuals, the corruptive nature of these people once they get into political office and it's such a deceptive practice because then they hyper focus again on Trump who spent his entire life in business making money. And yet these people have done zero to benefit the economy, have never hired anybody, and here they go, you know, they kind of get away with it. And then like you said, they're hyper focused on, on crypto. Oh, crypto. Let's not let people make money on crypto. While Nancy Pelosi's made tons and tons of money out of the stock, you know, stock market. So go figure. It's crazy, crazy stuff.
Chip
Says Jeff Rome says, hey, just an FYI, even when Clarity gets signed, it doesn't get enacted until 360 days. No, that's not exactly true. What, what happens once it gets established? There's a phase compliance rollout. So you think about like this, the SEC and the CFTC have 360 days to actually like make do the rulemaking part of it, however, what, what it really does, it buys a full year for companies to get in compliance. So it will be the law of the land. But again, it's more like the enforcement doesn't take effect, but everything else in it takes effect. So everything that we're relying on as far as companies are concerned takes no effect. So you got that kind of partially right. But it's not like, oh, it's not going to take effect. Like there's like a big a year waiting period. It really comes down to the sec, cftc, I don't say it the reverse way. CFTC will probably be, you know, according to the Clarity will be the, the governing body. In some instances it will fall to the sec, but it's very rare because most of the regulatory body will be the cftc. And it's kind of good, you want to give enough time for these other companies, for companies that are doing to kind of come into compliance. Right. So it's kind of like it's buying them some time. But one, once it gets signed, as far as the rules of the road, consider them to be in place. So there's, that's part of it.
Jeff
Right. And Justin, you know, Johnson is, it's about us.
Chip
Is he running for Congress? Justin Johnson, look at this picture.
Jeff
I think he is actually.
Chip
He looks like, he looks like he's one of our. You, are you in Congress? Look up Justin Johnson. Is he in Congress right now? He looks like, he looks like he needs to be repping some, some county in Florida right now. I mean, man, look at him. This kid looks like amazing, huh?
Jeff
Oh, it looks really good. That's probably the best headshot that I've ever.
Chip
We don't even. We don't get headshots.
Jeff
I mean, that's pro something.
Chip
I'm like, man, he pro hedge not running for Congress. I would, man. Not with the face.
Jeff
You definitely, definitely should.
Chip
God almighty. That kid's like, he's a winner right there. You can tell. He's got that smile. He loves everybody.
Jeff
You can see it legit, like a legit. Look at that. I mean, that's by. I've never seen an X headshot like this. I mean, super pro.
Chip
The red tie on too.
Jeff
I love it.
Chip
Nice blazer. Come on, man. There you go. That's a winner right there. So we want to announce Justin Johnson's candidacy coming up, right? Announce it right here on the chain.
Jeff
Have no idea what state you're in. But we're gonna announce it anyways.
Chip
Announce it anyway. We don't care. Hugo Filion, CEO of none other than Flair. But he was on the program not too long ago. He was here with us. It was a great time. He said, I understand the pessimism of people not as the coal face. Every day a few things. So we're in a bear market for bitcoin. We're in a deep bear market for alts. We know that Flair has been in line with this and evidence through consistency and CMC rankings the entire time. Two, I made projections for FXRP size last year when we were based on Firelight, fully launching early this year. Together with institutional participation, bullish markets like oxygen. In this industry, when the markets are buoyant, everybody moves quickly and deals get done fast. But when markets are weak, no one wants to spend money. No one is making deals happen like waiting through the tar and then both things will happen. But the bear market, together with a host of other things, has made players in the industry move more slowly. And number three, there's no more going on with Flare that any point than in the past. There are more users thanks to fsa, far greater distribution. FXRP remains the standard by which to deploy XRP Inner earn on it. Think about that. Earning money on xrp, the best possible way is through Flare. We hope to replicate the same with fbtc. We'll see how that goes. For the bitcoiners, we'll see how that goes. But growth has been slower than desired. But everything is in place for when the broader market turns around. 4. Internally, we're getting far higher Inbounds both for intermediate FXRP use cases, inquiries around utilizing fbtc, and perhaps more interestingly, other uses that Flare can offer. And then people want to use Flare not just for FXRP and fbtc, but there's a real demand for its data and privacy capabilities. We're building things in response in demand to areas that we had previously dismissed is far too hard to compete in. Directly led by demand, these things will consolidate Flare's position as superior data networks and of that of FXRP in the preeminent version of XRP across chains. Potentially this will also apply to fbtc. From defy for non smart contract tokens to data, compute and privacy. Flare offers one of the best platforms out there for building great things. We build on the future of finance and AI. Jeff, Funny enough, we mentioned that earlier that is coming and when the broader market turns around, Flair will be very well placed to capitalize in it. With Fib 16 in place and the benefits of the community, it'll turn around and compound more. This is some negative in response to a bunch of stuff that I saw. Like what happened to Flare? What's going on with Flare? Well, take a look at the broader market. Look what's going on with the broader market. It's pretty much taken a dump, Jeff. So. And the funny thing is when bitcoin's down, you know, so I was having a comment with one of my European buddies and he's like, you know what I believe in? I believe in bitcoin. I said, you know what I believe in? I believe in $128,000 Bitcoin, not a $62,000 Bitcoin. So when that elevates again, the whole market always goes with it. Jeff. It's kind of like the temperature of what's happening in the market and maybe they move a little bit independently. But guess what happens? Bitcoin rises, floats all boats. Water rises. Next thing you know, all the alts are doing much better. But you know, given the, the bear market that we're in, yeah, it's kind of, kind of how it works. You know, one thing we could turn around is none other than signage and passage of the clarity. But the ev, the anti everything democrats who find something every day, you know what it is, they were, they weren't worried. You know, you know what, it's ethics. You know, and before that it was the banks. Well, the banks, you know, they're worried about the outflows. We can't have, we can't make any money on it. I mean, can you imagine innovation, and you're going to. You're going to gatekeep. This is what this is. Kills everything. Gatekeeping kills it. All right? Either you roll with the times, you don't. Same thing. Gatekeeping of AI. Oh, no. It's too dangerous for some. Well, meanwhile, China introduced models where people can do security audits on their code and get it done in a heartbeat. They don't care. But we're gatekeeping because. Oh, no, it might be too. This is. This is not innovation. You don't gatekeep the AI. You either lead or you die. That's it. It's AI or die. You lead or you're gonna be done. Jeff.
European Patriot
Yay.
Chip
Yeah. I love when the drunk guy claps. You got a little bit Jeff, today, man. I'm looking at you. Got some sun, man.
Jeff
I did get. I've been outside all day. Outside, washing the cars, tending the lawn, and then the beach.
Chip
If you watch ours religiously, every Sunday morning at like 9am or whatever time it is, both cars, every single week without failing. Right?
Jeff
Sunday.
Chip
Oh, that's right. I hope Aaron's out there helping you wash his car.
Jeff
Not yet.
Chip
That's not.
Jeff
You know what? He hasn't done a lot of driving, so I have his car actually in the garage. So he hasn't got a lot in the garage. What's that?
Chip
If I had a car like that, I'd be driving it. I'd be driving it every single day, every minute. I wouldn't never be home. Jeff.
Jeff
That. And that's exactly what I keep. Keep saying. I'm like, why is the car not being driven? It's a different generation ship.
Chip
So very strange thing. Oh, my kids. You got a car? She was gone, man.
Jeff
There was a big watch party down in Miami, and he was telling me the other day, he goes, him and his friend were heading to Miami to go to the watch party. I'm like, this morning, like, when are you guys going to Miami? He goes, no, it's too big. It's too long of a drive. Like, too long of a drive. There's like, once in a lifetime, say, go to Hollywood, then go to the Hollywood Lodge watch party. I don't care. Go to a Watch party.
Chip
All the Argentin in Miami, man. Did you see. Did you see Miami? I saw. I saw a drone flyover of all the Argentinian fans. Holy cow, man. It was crazy.
Jeff
Insane.
Chip
Ah, jeez. It might be a little too.
Jeff
You know what, Chib, he's getting into buying watches now, okay?
Chip
I know my brother's big in time in the watches. And I know, yeah, that's. That turns into a very expensive hobby.
Jeff
Ridiculous hobby. Yeah.
Chip
My brother knows everything about him. He can tell you every. But I say, you know what? I don't have a watch because I have the nuclear time right there. Nuclear clock. Has access to it right here with my phone. And I don't. He's got so many watches, and he wears this watch and be like, no, try this watch. Put it on. I'm like, okay, I put it on. I'm like, I don't care. I mean, I don't care how much that watch costs. I don't care. I really don't care. That watch right there is worth 78, 000. What'd you get it for? I picked it up for 24. I'm like, okay, I'm not. I'm no more impressed than when you told me that. I don't care, man. Like, what about a Swatch? Remember the swatches, Jeff? Those were fun watches.
Jeff
That'd be awesome to get a swatch, remember? Do they still have them? They still make them?
Chip
I don't think they still make them. They were like, the cheap. They're like 20 bucks. You get some goofy watch with all kinds of colors and a. And it had like a vinyl band on it, you know, I had a bunch of them. Collected them. I had a bunch of them. But then I realized I don't like watches. So I'd Casio everything in South Florida is an hour drive. Pretty much liquidity will return. Well, when is that going to happen? That's what I want to know. Liquidity, Mike. John says Bitcoin's garbage. At the end of the day, it's ridiculous. The market follow flows up and down. You don't see that in the stock market. That's why crypto needs a new king already. Well, the other thing, too, to your point there, Mike, you know, the other part of. Of. Of legacy systems is the whole market cap. The hell is market cap meaning crypto anyway, right? It's like, oh, what's the market cap? I'm like, you know, maybe something means more in stocks, but everything we do now in the crypto charts follows legacy stuff that happened in stocks. And it's like, we always do this. We don't know how to. You know, when. When the Internet came along, it's like, is it above the fold or below the fold? And that used to. That was correlated to a newspaper that if you folded it in half, if the important story was above the fold, Then we started like talking about Internet. Like, is it above the fold? Meaning is it in your screen or not in your screen? But we had. We always got to move back to legacy systems. And honestly, nobody cares. It's like move on and get, get over the conversation already. And the thing about bitcoin is like, it's. It's sort of like, you know, you still call it a Kleenex even though it's a tissue paper. Whatever they call it, like you just have these brand names that evolve and everybody goes. People still ask me today, you're still into that bitcoin? Yeah, I'm still in the crypto. Bitcoin, like everything's bitcoin, right? They. That's like the, that's the name the. Well, man, that's who made it all happen is bitcoin. And that's kind of how the market moves, but also too, when the market moves up, of course bitcoin's going to move up. They all move with it. The down market. Oh, the alts are flying at all time high Bitcoin, oh, it's down in the dumps. No, that's called a bear and bull market. That's the whole thing. Xerox. I got a Xerox something. Not gonna make a copy of something. There you go.
Jeff
Well, think about, think about. Even nowadays, your save button. Why does the save button look like a 3 1/2 inch floppy? Nobody has any idea. That's why it's a save button.
Chip
Because you're saving it to a disc, Right? Sure. Okay. No comp. No comprende. They have no idea.
Jeff
They have no idea. Nothing. No idea, man. The Casio calculator. Yeah, I had one of those.
Chip
Do you remember that, Jeff? Holy cow, was that phenomenal or what?
Jeff
All it did was a calculator. How cool is that? I have a calculator on my wrist.
DSA Leader
Yeah.
Jeff
Kick ass,
Chip
by the way. So good.
Jeff
Because it has a small supply, which is dumb. Should be what coins are solving problems and have real utility. Exactly. Real utility. Solving actual problems. Bitcoin is actually solving an issue of store of value. That's the point of bitcoin. There you go. Store of value.
Chip
Store of value.
Jeff
Of value.
Chip
Well, you know, we all knew RFK was a bad. RFK Jr was a badass, but this really kind of shows it right here. What's up, broska? Dave, look at this right here. This is actually this. You want to see RFK Jr what a badass he is. Check this out. Gotta turn it down. There he is. We gotta talk over that.
Jeff
Boom.
Chip
Takes that buffalo right down, man. Still messing around. He takes that badass. Look at him. Look at him. Now he's gonna ride it. Look at him. Boom. Back on the ground. Now he's giving him a piggyback ride. It's a badass dude doing push ups with that buffalo. Damn.
Jeff
When he does, he starts doing pull ups.
Chip
Look at that. Check that out, man. These are two, bro. Talk about bros, man. Look at the. And the picnic table is like skewed up one.
Jeff
That's a guy that got. They got.
Chip
Dude, he got hit by the freaking
Jeff
guy that got hit by the buffalo.
Chip
That was the best thing ever. The guy's running around trees. I'm like, dude. Oh, mad. There's some cheating going on. There they go. Walk off into the sunset. Amazing. Grill up the burgers at the end. See? Buffalo burgers.
Jeff
Yeah, Buffalo burger. Medium rare is the only way to eat it. Love buffalo burgers.
Chip
Yeah, really good. Yeah.
Jeff
And then also calculator on my wrist. It's funny now, but it came in handy back then, especially for us hustlers.
Chip
Oh, hell yeah. Yeah, it was a. Was a welcome thing. So here is FIFA president. This is. This is Gianni Infantino. He was. I think he kind of upset the left a little bit, talking about how successful the U.S. the World cup was in the U.S. by all means, this World cup has exceeded all expectations. Most successful one ever in history.
Jeff
The greatest one ever.
Chip
Full stadiums, 7 million people in the stadium. Tens of millions in the cities in America, in Canada, in Mexico. Billions in front of their tv. Everyone enjoying the game with happiness, with joy, with peace. And The American dream, Mr. President, came to reality. We united the world. That's right. We united the world.
Jeff
That's it.
Chip
That was just a short clip. I mean, I didn't pull the whole thing, but say that. How successful it was. And you know, the lefties were all betting that it would be bad and it would be horrible for America. You know, it'd be a complete failure. You know, all this, the normal stuff. So it was nice to see him move on about that. Yeah, it was kind of interesting to see that whole come, come to life here.
Jeff
Jim loved seeing Spain win. Thought it made FIFA look more credible, especially after Argentina winning all the games at the end. But I was actually rooting for Argentina on that one. There you go.
Chip
Nice for Messi, because this is like Lasser, I mean, Ronaldo was 41 and you know, the guy's still amazing athlete, but, you know, I mean, you're 41, right? And then Messi, honestly, the last Cup I saw, Messi, even when Argentina won it, I just thought that was his last. I thought that was going to be his last appearance. And I actually think he did better this time around. Scored more goals, would have been nice for him because Mbappe passed him and you know, most World cup goals. And Mbappe is going to be around for the next World cup and probably the next one after. Somebody will be from France, will definitely be the. Probably top dog there.
Jeff
So might be here in the US Again. How about that?
Chip
Well, you know what's going to be next time it's going to be in Portugal.
Jeff
Spain and Morocco gotta be here in the us Period.
Chip
Sorry. It should be here every year. Every four years, it should be here. But Morocco, Portugal and Spain, I'm sorry, man, it's not gonna. Let's see, let's see how that does. It ain't gonna be what it was here. Now, the good news for us, Jeff, is the games will be on earlier, not later. Sometimes it's hard.
Jeff
That's why it's got to be.
Chip
Check this out.
Jeff
Jeff, this is Bill Mark, Pharma Maximus want us to take down his comment. He said take it down quick. But here he said, why can't I watch a crypto live stream and not have the host be MAGA fanboys? Hell yeah. Because there's no other crypto show that you've ever watched that has geopolitics and connects the dots into crypto that, that understands maga. I haven't watched one. I don't know any of them. Tell you what, that's why you have
Chip
people down for you. Because, because what's the alternative? Socialism? Communism? Good luck with that, right? I mean, we saw how good it worked out for Biden and we saw how it worked, worked out for Obama. We see how it's working for Starmer. He's gone. They bring in Starmer 2.0, he's another wussy. We see what's happening with Macron. Le Pen's crushing it with the polls. We saw since Trump came into power, we saw seven between Central America and South America, right? Leaders, including Chile, Argentina. It's just crushing it all the way. And now we see the AfD party rising in Germany because they're sick and tired of getting their nuclear power stripped, watching their manufacturing move to other countries because of climate change. Listen, we're here to break it down. You don't like it, that's okay. Stay. Anyway, go ahead, counter us in the, in the, in the comments. But Somebody has to be the purveyor of like, what's real and what's not real. Because there's things that work and there's things that don't work. Is it perfect? No, nothing's perfect.
Jeff
How's it working? Amazing, man.
Chip
He's crushing it. Geez. I mean, where do you want to start, really? I mean, there's.
Jeff
Hey, where we're going.
Chip
I had this. So my European friends who are lefty liberals and I'm like, that's why your country is going to roll over and get crushed. Especially the ones in the UK because you guys sit there and complain and whine like little. Then you go to the bar and have four pints, you're like, live. Life is good until the next day when you. And I'm like, it's never easier. Think about the UK government, okay? You got clown shows for their, for their cops. Jeff, we. I gotta play that video. We got 13 cops running away from a guy with the knife. That guy gets two warnings here and he gets dropped with about eight bullets in them. Okay? That's how it works. Or he gets tased. These guys are running around like, like the Benny Hill Show. And you don't have in a military. I'm like, it's never been easier in the history of the world. You guys are like, we're mad. We don't like anything. It's horrible over here. And then the King of the North, Andy Burnham, the, the new supposed Prime Minister is coming in and he's got a great new idea. Jeff, you know what it is? He wants to raise taxes. Oh, really? A leftist that want to raise taxes. That's highly unusual. So, yeah, yeah, you know, MAGA means make America great again. But as Trump stated before the United nations, every country should make their country great. They should do whatever they can and fight for it. Nobody does. So Trump secured close to 10 trillion dollars of investment capital in less than two years. Do you know in all of Europe not even 1 trillion has been accomplished and every country put together. Zero. So what do you. Who's winning? Yeah, my money's on. They're like, oh, you know, China's winning the AI war. China's doing this? Yeah, okay, sure. 560 million people, maybe 600 billion. I mean, what's going on? I mean really, for the record, I'm not.
Jeff
Our country is a leftist. Sorry. You're either a centrist or you're right leaning. So I guess our country, I guess you can be a. That does. You're a leftist, essentially. That doesn't even mean anything.
Chip
Which what it is is that you've got this pure heart and you know, this is like the people on the left, like I'm a good person because I'm a good person. So you always vote for policy, man, I don't care about the person. Look what they did to Churchill. That guy saved. So the only one standing up and yelling got the U. S involved and meanwhile they destroyed his ass as soon as the war ended. Those leftists destroyed him, they crucified him, they got him out of office. That's the thanks they get. Lefts will always do that. They always think that it's always better than anything else.
Jeff
Yeah, but Europe innovated. New design for plastic bottle caps. But you know what, the plaster bottle cap. Why? Because you just flip it off. It's always, you know, connection.
Chip
So John Carl, BBC interviewed Bill Maher and here's Bill Maher talking a little bit about, he was asking about J.D. vance, having him on the show. You told J.D. vance you're open. Your, your, your vote is up for grabs. Yes, my vote is in play because it can't be Trump running. So I'm not living in communist America. I mean, I know that the talking point is that, well, it's not communism and socialism, okay, I've read the quotes from the DSA platform from their own mouths. Don't tell me I'm not seeing what I am seeing. And DSA again, they, they say things like, you know, take over of key industries, government. That's communism. I wish we had more of this, the run because it was a very good interview. But it's like this is exactly 100, right? I mean Bill Maher, God bless him, man, he's the, he's the only one on the left. I mean him and Fetterman calling out the left. I mean everybody's in on the Nazi, like, oh, the Nazi, the Nazi Nazi tattoo. We don't know. Wait, he was on some dark web group with underage girls. Weird fluke, they brought the high pitched guy on there.
Jeff
He's not left of center. This doesn't make it. You're for lower taxes, you support the middle class, you're pro crypto, you're pro independence. You, you know, I bet there's more. You are not left of center. You're probably just right of center. Yeah, there's probably one issue that you're probably quote unquote left on. It's probably your pro abortion and that's probably the only thing. But I bet everywhere else from an economic perspective. If we started really dissecting it, you're probably going to be a little bit right of center. It kills me when people say I'm not leftist, but I'm left of center. But you're not really center. You're probably right of center, especially if you're lower taxes. You're probably pro business, you're probably pro entrepreneurship, you're probably pro freedom. You probably support the second Amendment. Now, if you're anti second amendment, then forget about it. But I bet, you know, if we started going through the, the litany. I've gone through this so many times with people, it's, it's amazing. And then we'll find out you actually don't align with the leftist Democrats. There's one little issue, and then the rest of it is probably feel good. You're probably. I maybe feel a little bit of guilt because of whatever, maybe you're, you know, success or whatever. And you think you're going to be compassionate, you know, to support the left, but you're probably more on the right, more independent thinking. And then we'll start dissecting it. But it'd be interesting to get the feedback. I'd love to hear that. Because you say I'm not a leftist. You voted for both sides, and that tells me that you're probably a little bit right of center. But there's probably just one issue that you think that you, you know, it's an if falls into compassion. But I bet little by little you're going to start moving to the right, right. Not pro abortion. What? See, this makes no sense.
Chip
Here's what I appreciate, though. Here's a guy who's in here and listen, this is the difference between a podcast like this. Obviously we're right, obviously we're hardcore conservatives that we want to have an engagement. It's always been about conversation. It's always been about engaging with somebody and the other side. Now, if this were the opposite, this was a leftist podcast, you would have been blocked and banned from here forever. That's how it works. And if you don't believe me, go ahead, go. We'll go. We'll go visit some lefty podcasts and drop our ideas and see how long we last without getting timed out and banned from the podcast. We don't do that here. We want to hear every. All points of view. We want to have dialogue, want to have discussion.
Jeff
So what, what is it? But I don't get where. How do you fall left of center here?
Chip
I think it's, I think It's a few.
Jeff
Not even pro abortion. He's definitely right and probably conservative.
Chip
That's okay. If you don't listen, I will say this. First of all, I'm not a Republican, number one, I've never been a registered Republic. I don't like most Republicans. I will be very honest with you. Because they're feckless a holes. Number one. There's a couple that I kind of like, but they just, they just, they're just not count onable. The Democrats always stick together. Democrats always cover each other. Democrats are always, they're, they're, they're way better at being like honorable to the messaging and honorable to the cause. Republicans not even. That's why I'm an independent now. I have crossed over and been a registered Republican just so I could vote for some, you know, somebody that, because you got some states you can't. Like in, in Florida you can't vote, you can't vote for somebody in a different party if you're not party registered. If you're an independent, you can't vote for Republican or even a Democrat at that. So.
Jeff
Yep. And the New Democrat party are anti American.
Chip
I think. The old school Democrats, Democrats. The JFK Democrats. Look at a JFK Democrat. My parents were JFK Democrats. It wasn't until Reagan that they said, hey, enough's enough. But you think about that. Look what, look at, if you look at, look at John F. Kennedy. Right? He was, yeah. The Q. Yeah. The Cuban Missile Crisis. Right. He was staunch on defense. He, one of the key things when he took over, he had a problem with, he cut taxes. Like you never see this from Democrats anymore. Any of the modern day Democrats. You didn't see anybody cutting taxes. Okay. That didn't happen. Jimmy Carter? No. Cutting taxes. What about Clinton? No. Obama? No. Biden? No. No. He's also very strong on defense. And he was also, you look at like you compare someone like a Trump to him. He just, he was like, yeah. He knew Russia was sitting on Cuba's border. He knew they were ready to pull the trigger. He didn't, he didn't coward him. He didn't back down. This is John F. Kennedy, man. He was probably the greatest Democrat of all time. I mean the guy was today he would be considered like a right, you know, centrist or right of center. Not at all Democrat. That's how far the party's gone. John. Look at this one here. Got Jamie Metzl said, hey, as a lifelong Democrat, I served on President Clinton's National Security Council and in the State Department under Madeline Albright. I'm also a lifelong human rights and civil rights advocate. But every Democrat and every American should recognize the DSA represents a fundamental threat to our party and our country. This is not a story about a feud idealist seeking to reduce health care costs. It's about a small group of radical extremists pursuing a strategy to take over the Democrat Party, ultimately our country, in order to impose an agenda that would devastate our economy and fundamentally dismantle our system of government. Don't take my word for it. Listen to the full conversation between Fox News, Martha McCallum and New York City DSA coach here, Gustavo Gordia. And judge for yourself. I mean, this is what I like is there are Democrats that are stepping up saying, look, we can't have this. This isn't, this isn't up for debate. You got someone like a Bill Maher, you got somebody who served in Clinton's campaign. I've seen a lot of voices. This should be happening because no way Democrats want to see their party be stolen. Jeff Right.
Jeff
So what we are seeing, if you have elected officials and also those that are going to continue voting and they're allowing the Democrat Party to keep moving further into leftist socialism and communism, this is where you could it, you could say that a Democrat that ignores that will continue supporting the party regardless. They support someone like a mom Dhami, who is, comes out as a socialist, communist, Islamist and you're going to keep voting for him. In that case, you can say that Democrat. If you continue voting along those lines and calling you yourself a Democrat, you are anti American. Why? Because you're going against the Constitution and the cons. You're no longer a, you know, supporting our constitutional republic. There is a law in the books from 1952 that singles out if you are a naturalized citizen and you then support an enemy party of the state, a Communist party or a socialist party, you can be denaturalized, meaning you should have, you can have your citizenship revoked and kicked out of the country and sent back to where you came from. Why? Because now you are adhering to a party that is against the fabric of this country and against the Constitution. So there's, there's a lot of elements to it. Now, as a Democrat party, if you continue to support communism and, and socialism, you can then say that party has become anti American. Are all Democrats anti American? No. We just labeled Bill Maher, John Fetterman. I'm sure there's millions and millions and millions of others that still are Democrats that don't like the direction that their party is moving in. That's now controlled and manipulated by a minority. So they've allowed their party to be manipulated by this minority, which is then moving them into becoming anti American. Now it's, it's really, you know, problematic. Now Democrats as a whole, as they continue to support anti American ideology, they are now anti American. I don't know how else you can, you can parse that. Now. It's big for someone like a Bill Maher and a. And a Federman. There's not many voices that are standing up because we start seeing others within the mainstream Democrat Party that are silent to the party's takeover. They're silent to a mum dummy. They're silent to the Islamification of the Democrat party and the communist. The communist agenda that is now prevalent within the Democrat party. So if you're now silent on that, you're allowing your party to be hijacked, then you have to label that. Anyone who supports that doesn't. Doesn't speak out and wants to be silent on the move. You're anti American. You know, I, you know, because again, it goes back to the fabric of what this country is built. We're not built on communism. We're built to fight and combat communism and socialism. It does not have a place in our, in our society. That's it. You know, the Communist party does not have a place in our country. Islamification, the Islamist party that wants to align themselves with communism doesn't have a place. They are not compatible with our country, with western ideology or American ideology. So I think that that's where you have a major gap.
Chip
Yeah. And to, you know, so this is, this is good to have. See, I wanted to put this comment up here. Let me see if I can find it. He had said something about so funny Democrat. For some reason I can't find it was this dude here. He was like. So he called, he called the Republican Party fascist. Right. So I think if you're gonna. So, so the thing about that is like, like, well, extreme right this and that. But you know, first of all, total tillion is the word. I think I'm trying to get to that one part anyway. One part of dictatorship. You know, it's like the single leader, absolute power. And that doesn't happen. You had a no kings rally. Well, if he was really a king and if he was a fascist, it would have been, it would have been dissolved. Right. It wouldn't have been done. So, like, that's kind of what fascism is. It's like Whole suppression of dissent, right? You know, secret police, you know, bans on certain things. No, no, that happened during Biden. Do you remember what happened during Biden? You can't go out. If you don't get this, the, the vax, you won't be able to work all this kind of crazy stuff. You want to talk about fascism? That was fascism. Businesses were closed down, business were told they couldn't. But certain things could evolve. But other things, churches were closed down. I mean, it was ridiculous. You know, also private property threatened as well. When you, when you have like fascists, that doesn't happen under that. So there's a lot of things that doesn't really fit the, the mold of what fascism is. What? Because always like the Republican Party is a photo fascist. You're like, what is a fascist? Oh, fascist. You know, not really fascism. I mean, it's not Mussolini, okay? It's not Mussolini fascism. And you could say, well, ultra right party and nationalism and, and all that kind of stuff. I don't think it ever plays. Anyway, I want to get to this clip here. This here is, this is the DSA leader here. Let's listen to him and watch him in this interview. This is what this Democrat was talking about.
Jeff
Problem we're facing in our housing system is that we, they got the thing
Chip
where they go up in the end and they say it like. And problem we're facing as we talk up on the end and everything we
Jeff
say, talk about tenants, there's a problem with this. They have to pull themselves up by their bootstraps. They have to be responsible financially. But when we look at the landlords, we don't, we don't use those same standards. Landlords in New York have been making a 12% return on their investment. For on average, should they make what's fair, 12%.
Chip
They're crushing it, Jeff.
Jeff
Return.
Chip
Most people would sell. This is great. She, this is great stuff. This is, it's hard to believe this is a real interview. She asked them what is fair, what should they be making? Okay, ask the DSA expert. Let's see.
Jeff
On their investment, for on average, should
DSA Leader
they make what's fair for the landlord to make?
Jeff
If you don't like 12, they're complaining that 12 is not enough. And we don't think that anyone should have a constitutional right to double digit returns on their investment. That's why we've implemented a constitutional right.
Chip
This guy doesn't know what the hell he's talking about. Do you see what I'm talking about? This is what Happens when you pay attention in basic civics and understand what the hell's going on. They have a constitutional right, Jeff, or
Jeff
basic math right to double digit returns on their investment. That's why we've implemented.
DSA Leader
No one should have a right to
Chip
a double digit return on their investment.
Jeff
No one has a right.
DSA Leader
That's not. No. What are you talking about?
Jeff
No one's in that.
Chip
You know what's so funny?
Stella
This.
Chip
They're so far, so far gone. She, she said she's like, what do you, what are you talking about? Like, like the fair thing. Like, what are you, what are you seeing? How much did have a return on their investment?
Jeff
That's not we. What we see is that when we implement a rent, we have landlords who are crying that the government is going
DSA Leader
to put them out of business. They're trying to run a business and they're trying to do it effectively.
Jeff
Are all landlords perfect?
DSA Leader
Are some landlords lousy? Of course they are. But I just think that the idea that no one should make a double digit profit is the antithesis of the desire to like, you can be anything you want to be in New York. I actually, and I mean, I don't
Jeff
have a constitutional right to dope. No, you take a risk, you don't have a right to return. You take a risk and you invest and you build your, your portfolio. And what the New York City government has done is making it impossible for landlords to actually take care of their properties because of, of all the, the rent freezes. And now granted, you want to let things go out of control. You let, you let the real estate prices go out of control and people are willing to pay stupid prices for real estate to live in a stupid dirty ass city. You know, that's on them. You want to spend $5,000 for a hundred square foot property that's on you. Don't bitch and moan about it. You know, don't live there. Go move someplace else. Nobody. You don't have a constitutional right to have to live in New York City. These douchebags are so like immature and just based on the voice. Don't live in New York City. Go live in Idaho, Go live in Iowa, go live in Montana. You don't have to live in New York City if you can't. If you don't want to pay the rent. I don't want to live in a dirty ass city with a bunch of these types of people roaming around. I don't want to be in a dirty. I don't live in New York City. I used to love New York City. Used to be my favorite place. I'm not bashing Idaho. I'm just saying, you want low rent, go move someplace else. You know, this is how crazy it is. You know, these people are nuts. They're just like off wall and then they want to make it so that you can't even invest. So if you're a realtor, you know what? Screw it. All the, the people that are going to be investing that are going to better New York City, guess where they're going? They're coming down to South Florida. So you want socialism, you want government to take care of it. These people are so uneducated. They have the greatest amount of information that any generation has ever had before them. And you have a, like this that's actually interviewed on tv, which kills me that they would interview a. And he, and he's part of the, the Democrat Socialist Party or whatever DSA stands for. You know, the greatest amount of information. He can't do research on what happens in an actual socialist state. Go down to Venezuela. Venezuela is probably the most recent socialist state experiment that collapsed in a decade. And if you hear from people that had to flee Venezuela and to actually see what happened to them in Venezuela and the deconstruction of a prosperous nation. They used to be a mass exporter of beef product to having to rely on handouts because they didn't have enough food to feed their citizenry. And then we're going to listen. This is, this is, you know, to Farbacks. This is what the Democrat Party is pushing out. These are the types of people that they're supporting. So if you have a lunatic like this and you want to support a lunatic like this, the fact they even give them an ounce of, of airtime is crazy to me. This guy is uneducated, probably never held a real job in his entire existence, probably came out of college, went into working for whatever this stupid DSA party is, has never done anything, has never hired anyone, has never tried to create anything, has never built anything, has never done anything productive in its entire existence, ever. And there's, you can hear it from the tone of his voice with this limp wristed beta male, you know, excuse for, for a human being. It kills me that these people are elevated. They're artificially elevating beta males into position of leadership. And this is what you get. It kills me. It just kills me.
Chip
Thank you for saying that, Jeff.
Jeff
Oh, aggravating.
Chip
Do you want to know what the top 10 alternate meanings of DSA is? Get that drum. Get the drum roll ready. Are you ready to drum? Drum roll. Hang on. Yeah, get that drum roll ready. But these are the top 10 alternate. That's, that's, that's not it. The alternate. Here we go. Number 10, subsidize anything. Number 9. What is it, Daddy? Subsidize anything. Number 9, don't say accountability. Number 8, delusion screaming and activism. Number 7, doom scrolling socialist anonymous. Number 6, daily screaming activist. Number 5, department of stupid arguments. Number 4, doesn't support America. Get that drum roll ready for number one. Jeff Assets. Number two, Alternate meaning of DSA Delusional Socialist Association. There you go. And there you have it. Thing that astonished me about the Democrats is how they can be internally self loathing but always pull together to shut down and resist any Republican initiatives. They play to win 100 dude. That's the one thing I can admire about the Democrat party. That's the one thing that they totally get, man. So here is mom, Donnie and you know, he was Mr. Smiling Ted. Everything's great, but listen to them in this interview.
Jeff
Jeff, Ariel, Pharmac. Give me the top 10 reasons why XRP XLM H Bar and cat and bag bad.
Chip
I can't. Can't help you there. I can't help you there, man. I'll just say bitcoin.
Jeff
You know, I'll just say bitcoin.
Chip
That's all I can say. But anyway, here's, here's mom, dummy. Okay. In an interview, it's just truly bizarre that he would even go there. But let's watch.
DSA Leader
Prime minister Benjamin Netanyahu is perhaps planning to visit New York for the U. N. General Assembly. You pledged during your campaign and after
Chip
you won, you nailed it. This guy's never held a job. He's never employed people. If you guys have ever employed people, have you ever sweated making payroll that your people you hope you can make payroll and you go without pay so they can get paid and they think you're the rich and you're making so much money but you're sweating payroll and you're doing whatever you can because you're out. You have all these outstanding people that owe you money. Yeah, okay, but this guy. Yeah, see I'm a mayor, see, guy's gonna. I don't know that he makes four
Jeff
years good taste in microphones to order
DSA Leader
his arrest to comply with the international criminal court warrant.
Chip
What will happen? International court warrant? Well, nothing will happen because this is the United States of America and we don't comply with the international court. We don't care about it. It's meaningless. It's meaningless than any other country. Look at him smiling. I'm gonna have to answer this question
DSA Leader
if he comes in September.
Jeff
Okay. I believe that Prime Minister Netanyahu belongs in the Hague. He's a war criminal who has been charged by the International Criminal Court.
Chip
And in this reporter, dumb as she is, because she can't, she's the mainstream reporter, and say, well, what bearing does that have in the United States known? But she doesn't ask them the question, just softball questions.
Jeff
What you will find is that is an opinion that is held by many purely because.
Chip
Held by anybody. It's not held by anybody who's outside a Gaza sympathizer and an Islamist. That's. Nobody thinks this, Jeff. Nobody. There's nobody in the United States that thinks this.
Jeff
Of what his actions have wrought over these last many years. I've also said that I will follow the laws that we have here in New York City because I believe she said, well, great.
Chip
The laws we have in New York City are the national laws, and the International Criminal Court has no jurisdiction here. Next question.
Jeff
That there is an importance in following the law as a leader who presides over our city. And that's something that I plan to do.
DSA Leader
Meaning. I'm sorry, I don't understand what that means.
Jeff
Meaning that whatever the law allows me to do in New York City, that's what we will do. But we won't be writing our own laws to that end.
DSA Leader
What does the law allow you to do?
Jeff
Nothing. That's an active conversation with our legal department in seeing what the prospects are we have here in our municipality. However, what we've seen at the national level is a desire sometimes to write your own laws, to go outside of the bounds of legality. That's not something we have an interest in.
Chip
So the whole thing, what is double
Jeff
speak, the double speech?
DSA Leader
I mean, normally when people come to a UN General assembly, they're granted a sort of amnesty because it is the seat of the United Nations. Is that what you're doing? Thinking that you'll honor or you're actively looking to see if you can actually arrest him?
Jeff
I think we are looking at all of our legal obligations, and one of them is with regards to the United Nations. But the other part of this is, is we're not talking about a personal assessment of Benjamin Netanyahu. We're talking about the International Criminal Court and the fact that they have a warrant out for this prime minister's arrest. And I think it's.
Chip
It's why she doesn't call him and say what does the international criminal some meaningless body that's out jurisdiction outside the United States. What does that mean?
Jeff
She never calls important to talk about the weight that that has as a chart. Rubio just spoke about the ICC and said it has zero bearing. We're not going to listen to it. We don't acknowledge it. It doesn't have any jurisdiction in the U.S. it's not even a truthfully legal court. It has. It's nothing. Its appointed leadership from, from Europe has nothing to do with us. We're not giving up our constitution. We're not going to allow unelected, bureaucratic Europeans to have any decision over anything that happens in this country or elsewhere. We're not going to abide by it. This. We are governed by our laws, not by the, by the, by the icc. The ICC needs to go away like the UN needs to go away. This guy's a globalist. His allegiance is someplace else. It's not to the United States. He's an Islamist and needs to go away. He's a definitely a commie globalist. That's it. That's about it. That's about all it is. That's New York. New York is so stupid. And also that as the see what
Chip
our laws have and then what our laws are and what our legalities. Okay, but what are you going to do about it? Well, we'll see what our laws can do. We know what your laws can do. Okay, this, this meaningless.
Jeff
He never calls them mayor of New York City. I'll be following the laws of New York City. He can do nothing. He can do nothing. He's a. He's a neutered, useless, you know, communist that's sitting at the head of the greatest. One of the biggest cities in this country.
Chip
Yeah, speaking of that, Jeff, New York City welfare payments hit a 30 year high of 2.6 billion, up 71% in just four years. Geez, I wonder why. Jeff, do you think the illegals had anything to do with that Cash welfare recipients are up 56% and cash spending itself jumps 73% since 2022. 32% of households are on SNAP. 10% get cash assistance. This is not sustainable. They keep subsidizing people who don't produce and importing more of them to take it and then act. Surprise when the numbers explode. You get more or whatever you pay for. Eventually you run out of people to leech off because they're either too broke to carry it or they leave. And because that Happens the whole economy goes with them. There he is. I mean, you import illegals, you give them all this stuff and you cheat all the people who live here. What the hell is it? What's the point? I don't get it.
Jeff
Legals, illegals from countries that have been proven that their IQ is subpar, super low. So I like some of these comments here. One on Willie says, I refuse to sell my XRP until I moved to Florida and set up shop. I'm not going to give my money to New York City. And then Pharmax said, never sell your XRP bag. When price appreciates, use it as collateral to buy yield bearing assets. Brilliant strategy. I like a lot.
Chip
That's part of it. See, that's exactly how you do it.
Jeff
If I can use that for a house in Florida, that's exactly it. This is why we have some smartest people here. Politics. But, you know, but the, but we have the smartest people here, the most engaged, the most conversational. I, you know, we learned so much from the chat and just the engagement. I love it. And it's stuff like that. You know, when we start talking about yield, you know, how to best leverage your asset. And when we start looking at crypto, what you can do with crypto, the, you know, there's, there's so much that's happening within the ecosystem right now and how to leverage it, you know, we're, we're really, you know, real in a good spot.
Chip
Yeah, thanks. There we go. Hang on a second. I'll pull this one video up here and find it real quick. Okay. So, Jeff, do you remember? Of course you do. Do you remember Hillary Clinton? When she was campaigning, she was in the South. All of a sudden she had this southern accent. For those of you who forgot this, let's put this up here. Here we go. Here it is. Tell me if you hear this feel no ways. You hear that, Jeff?
Jeff
Oh, yeah. No ways tired.
European Patriot
I don't feel no ways tired.
Jeff
Yeah.
European Patriot
Too far from where I started from.
Jeff
Nobody told me that the road would be easy.
European Patriot
I don't believe he brought me this
Chip
car to leave me. And anyway, AOC was trying to top that. She was in Memphis recently. I believe it was Memphis. And here is a. Oh, Hillary. Yep. So here is AOC and she outdid Hillary. If you think that's possible.
DSA Leader
We cannot afford to leave Tennessee behind. We cannot afford to leave Kentucky behind, Alabama behind, Mississippi behind, Georgia behind, South Carolina behind.
Chip
I mean, really, Jeff, does she think she's following us with a fake accent?
DSA Leader
We Cannot afford to leave Tennessee behind. We cannot afford to leave Kentucky behind, Alabama behind, Mississippi behind, Georgia behind.
Chip
Can't afford to leave you behind all day, every day. Okay? That we can afford. I mean, holy cats, Jeff. I mean, what a pretty sister. I gotta tell you, one of the biggest patriots out of Europe is Ava, okay? She's a Dutch girl who is just incredible. Here we go.
European Patriot
I think we have to give credit where credit is due. And you're correct. Elon Musk saved X by buying it, but he also saved freedom of speech in Europe by buying it. So there's no but he's a trillionaire or his other faults. There are billionaires in this world who do nothing to protect freedom of speech and in fact do a lot of bad things to limit it even further. So I really think that we should be incredibly grateful to him and I'm a bit more optimistic because Musk has already been under massive attack from the United. From the European Union. Obviously. He's already been fined. X has been fined. He's not paying the fine. He's fighting it in court and I trust that he won't pay the fine. Do we really think that Elon Musk is going to bow down to Ursula von der Leyen? I really don't think so. And that's exactly what we need because these people here feel like they are invincible. And it's good that we have a giant in front of them to show them that maybe they are not as big as they think they are. So I really want to say thank you because it's true. I owe X my livelihood. And also being able to speak out and making this a success. The Safe Europe act is not a success because of the mainstream media at all. I mean, we barely had media reports on it. So it's all through social media. And of course it is more so through X than through any other platform. So I think we should be grateful. And I agree with. There is of course, that the attacks are going to ramp up. But if there is one person I think that we can count on in this fight, I think it's him. He wouldn't have done it otherwise if he didn't really care. I mean, he could do a lot of other things with his free time. So, yeah, that's my positive note that
Chip
I'll end on beautiful positive note. And here she is right here. We delivered the first half million signature, the Save Europe act, which she, her and her and her other colleague there authored to the European Parliament. We came to Brussels and made sure their voices Were heard. Whether the European Commission likes it or not, the people want reimmigration, which means basically re migration.
European Patriot
Right.
Chip
That's another way to say that's just another clever way. Why didn't that go full screen? That was odd. Should have gone There we go, full screen. So this is her delivering it to Brussels. And with her colleague on the left, they both are the ones champion this.
Jeff
It's awesome. So amazing.
European Patriot
We are not here to ask for permission from the European Commission. We will bring the voice of the European people to the parliament, even if they don't want to hear it. Here we are. This, ladies and gentlemen, is a pile of anonymized, of course, names of European patriots who want re migration and who want it now. This is the voice of the people. These people decide, not them.
Chip
This is the voice of the police.
European Patriot
We are over 535, 000. So we're already over half of what the threshold would be for an official European citizens initiative that in less than two months. So this is already an amazing success.
Chip
What does precisely mean?
European Patriot
You want to go and read it?
Chip
If you can summarize, please, with the European.
European Patriot
With the Safe Europe Act. We of course want to save Europe from re migration, from replacement migration. Excuse me. And for that, we demand a full and total halt of both legal and illegal non western immigration to Europe. And we demand that the European Commission installs a remigration scheme in all of Europe so we can finally start sending them back.
Jeff
That's right. And then Dave. Right, Remigration. Dave was talking about the Starlink. He said we install Starlink in our jets and it's a total game changer. Go. Go. Internet is starting to resemble Blockbuster.
Chip
That's awesome. Yeah, I can't wait. Delta. Just when. Delta. Jeff. That's what I want to know. Because it's so freaking powerful. You want to get a Howard Dean?
Stella
Come on.
Chip
We gotta watch. You ask. We supply. No, but I just, I. I love the attitude. I love the fact that she's. I figured it takes a woman to do that because most of the matter just plus 5, they can't stand up. Jeff, I don't know if you saw this.
Jeff
This is.
Chip
This is one of those things that sounds like parody. I know it sounds like parody. It is not parody. But yeah, it's one of those things where you go like, no, this can't. This. This can't be real. There's. There's just no way. But we're gonna. We're gonna. I'm gonna show you this on. On Screen. And then we're gonna listen to Stephen Miller talk a little bit about this. Let me share. Screen here. Let me go here. Where is it? Here it is. This is from the Olive Garden here, Jeff. It says the never ending pasta pass is only for use by the pass holder whose name is printed on the pass. Passes are personalized and non transferable. Pass holders must present. Hank, wait for it. A valid photo ID along with the pass at the time of ordering. Okay, so here's Stephen Miller. A post on X is going viral right now where a customer is a real thing. A customer at the Olive Garden was sending a question to Olive Garden management asking if all you can eat summer pass could be shared with their family members. And Olive Garden corporate replied, and they said, no. Your card has a barcode that relates solely to you, and you must present a photo ID with your all you can eat pasta pass in order to access all you can eat pasta. So we've reached the point of society where access to fettuccine at Olive Garden is vastly more secure than deciding who is commander in chief of the. I mean, I mean. I mean, let's. I mean, can we review and we review it again. Question. Are you able to order pasta for family using this pasta pass, or is that exclusive for the person with the card of the table? I don't know about you, but it feels like it really weird if just one person is having unlimited pasta while everyone awkwardly waits. No. The Everly Wades valid photo id. So you need a valid photo ID for the never ending pasta at the Olive Garden, which honestly is one of the worst. It's pretty rough. I mean, it was funny. I saw Europeans going to Olive Garden. They're flipping out like just found Mecca, right? They're like, oh, my God, the greatest. I'm like, the Olive Garden got thousands, tens of thousands of amazing Italian restaurants, and you go to Olive Garden. Okay, okay, I'll cut you a pass. You're from another country. But if it's that much better than where they're from, then we got a different problem, Jeff. Where we've reached the point of where you can't have the everything pasta unless you show a valid id. But hell, you don't need an ID to vote. What the hell would you want to do that?
Jeff
Who still eats at Olive Garden? I don't know.
Chip
Do small meals? Well, you do. Apparently, Jim D. Jim D. Only ate some. Two small meals. That's a nice way of saying I had a giant feast. Remember these? The bread. The bread. The bread rolls. Unlimited Bread and the salad. I don't even know if they do that anymore.
Jeff
I have no idea.
Chip
I mean, he's got a.
Jeff
They don't actually. Is that the place? They don't actually cook their pasta. It's all frozen. Then they just warm it up. Is that it? I don't even know. No.
Chip
Do you want to see what socialism. Socialism would look like if it was a beer? Looks like that, Jeff. 95 foam and just a little bit of warm beer on the bottom. There you go. Socialism was a beer in his 90s.
Jeff
Like with Bennegans.
Chip
Yeah.
Jeff
It also was out in the 90s. What was? Ruby Tuesdays.
Chip
Oh, yeah. No Ruby Tuesdays around.
Jeff
What else was around then when it came out?
Chip
Chichi's was that taco place. The Mexican restaurant. Chichi's. Jeff, we're old. This is horrible. This is horrible. When you. When you get that old, you'll start.
Jeff
No, the place with a steakhouse with a blooming onion. Outback.
Chip
On the Outback. Yeah.
Jeff
Outback Steakhouse.
Chip
You know what's funny is some. Some. Some Europeans came here and they said we had the best steakhouse ever, the Outback Steakhouse. I was like, wait, you did an Australian themed steakhouse? It's too funny. So Pete Hexseth has a message for people. Here we go.
Jeff
Being an American means something unbreakable. If you kill Americans, if you threaten Americans anywhere on Earth, we will hunt you down without apology and without hesitation, and we will kill you.
Chip
Okay.
Jeff
President Trump has also been very consistent. Crazy regimes like Iran, hell bent on prophetic Islamist delusions, cannot have nuclear weapons.
Chip
I don't know, Jeff. Makes sense to me.
Jeff
Yes.
Chip
Makes a lot of sense to me.
Jeff
Rosa, there's another one.
Chip
Rosa. Yes. Ponderosa. My gosh, how could you forget about that?
Jeff
All these places is the last holdout.
Chip
Ground Round was another one. That was a. That was a northern thing. Ground round.
Jeff
The giant. Giant beer stein.
Chip
The Ground round. I forgot about that one, too, man. That's crazy. Holy cow.
Jeff
Here we sent three stakes back at the Tex. Texas Outback.
Chip
Mistake. It might have been three stakes. I can't believe after the second time. Here we go. Long John Silver. Long John Silver. Still, I've seen it before.
Jeff
Really?
Chip
Yeah. I remember driving somewhere. I remember seeing a Long John Silver. I was like, dude, I thought they went out of business 30 years ago.
Jeff
Means tiptoes in Spanish.
Chip
Well, there you go. Thank you for says.
Jeff
What is it? Right on into Olive Garden. I don't eat fast food. I try to limit chain restaurants as well, just like Mr. Mister.
Chip
My wife wouldn't remember. She was. She's too young to remember that kind of stuff. Jeff. She's just a. She's just a young.
Jeff
And three giant beers. You don't care about the steak, pretty much.
Chip
You have a steak, nobody cares about it. Right? Let's listen to the. What's going on? Let's go check it. Jeff. We don't have a lot around the world, but let's just hear the around the world song because we got something from the Brits here.
Jeff
World.
Chip
Let's hear, let's hear. Let's hear the around the world. Grab your passport. We're going around the world. From US To Middle east to Europe to China. The headlines are moving. We're connecting the dots. Let's go around the world. Around the world. Here we go. We've got none of it. The Brits. Here they are. Do you get the feeling President Trump is completely aware of who Burnham is and his politics? I mean, arguably, he's far more left than Keir Starmer was.
Jeff
I'm sure that Donald Trump is going
Chip
to try to play nice with him, but I do agree with the woman that said it would be like a cat playing with a mouse. That's what I kind of.
Jeff
Allison?
Stella
Yeah.
Chip
Was it Alison?
Jeff
I would agree with that. So we'll see what happens. I think he'll give it a shot,
Chip
but I think that Donald Trump thinks most people are weaker than him or
Jeff
not as strong as him or not
Chip
as intelligent than him or whatever. So he's not going to think as highly of him as he does himself. Stella, do you think the Americans. Well, same question for the Brits as well. Do you think this relationship is important anymore as it used to be? Do you think President Trump really cares if he's got a good relationship with Whoever's in number 10?
DSA Leader
I think that the relationship between the UK and the USA has been weakening over very long time. And I think it's, it's, it's good for both the UK and the rest of Europe to realize that this is starting to deteriorate. I don't think that Trump is going to be the final nail on the coffin at all, because I think that foreign policy is something that is being seen on, on hundreds of years of time, is being planned, rather. And I think that. I think, I think that Donald Trump, the way that he's speaking frankly, I hope that Andy Burnham is going to ignore whatever he's saying, and I hope that he just goes on with whatever policies he thinks are suitable for the UK without worrying about the tantrums that Donald Trump is going to throw, without worrying about his erratic behavior and his opinions, which, at the end of the day, are only meant to serve not just the interests of the us, but frankly, just the interest of his own personal career.
European Patriot
Yeah.
Chip
Well, can I ask you, what do you think of Burnham's stance on North Sea? Bit of a U turn from Keir Starmer.
Stella
Would you make it.
Chip
I mean, I assume you're a Labour voter. Apologies.
DSA Leader
Sorry, I can't see.
Chip
You make.
DSA Leader
Whose stance?
Chip
What. What starts on the North Sea. What do you make of his stance on the North Sea as a Labor voter?
DSA Leader
Birmingham sands on the North Sea. I'm personally in favor of drilling. I'm favor of extending drilling, not because it's going to solve our problems. This is what I find so annoying about the way that Donald Trump is speaking about this issue. Donald Trump is speaking about drilling in the North Sea as if it's going to solve our energy problems. It is not going to solve our energy problems. The reason why I think that it is good that Burnham is more positive about this and we will see exactly what he's going to say over the weekends. We just had speculation and briefings, briefings and counter briefings and then U turns. Let's just wait and see what the Prime Minister is going to say, what the new Prime Minister is going to say. I want. I want him to give the green light for more drilling in the North Sea, but it's not going to solve our problems. And this is where I think that the intervention from Donald Trump is so negative. I think that it makes the problem worse. I think that it makes politically more difficult to take good decisions.
Chip
She's talking about Jeff.
Jeff
Oh, my God.
Chip
I just hope Trump makes three more years. The attempts and threats to him are out of control. Democrats should be the ones with these threats on them. No, because they're the violent left. That's the whole point. They're the violent ones. Everything that they claim to be about the right. They're the ones that are violent, want to kill everybody. They're mentally ill. We had to open up the asylums. Let's have a. I think I'd like to see a bill pass Congress opening hundreds, if not tens of thousands of asylums for all the crazies.
Jeff
She sounds like she gaslights herself.
Chip
That is the best comment I've heard all night, man. It's fantastic. You know what's weird? You watch both. Look at this. Let me just. Do you get the feeling.
Stella
President Trump.
Chip
Let's just. I mean, is this a good look? These guys sitting at a table with a bunch of goofy kids. Look. They look. It's. It's like A and B. It's like freaking frack. Look at them. They're two useless, two soy boys. Elites. Look at us with their big, goofy glasses on. Guys. They have this new invention. It's called context. I don't even heard of air conditioning before, but you put context in your eyes. You don't need to wear glasses. I'm just saying. Right? But no, it makes them look smarter. It makes us look smarter if we have glasses on. If we wear glasses. Jeffrey mixes. Look at how smart we are, Jeff.
Jeff
Look at.
Chip
We're legends in our own mind. It's fantastic.
Jeff
It's a kitty table. The Trump event.
Chip
Yeah. They're all wearing red. They got the. They made them take off their make America great hats ago. Red hats on all of them. So you do put some AI hats on them and then sit. Watch him sit at that table. What a bunch of dope.
Jeff
Hey, I saw the Tates were arrested yesterday.
Chip
Yeah, he. I. I heard one of the Tates. I. I was gonna pull that video, but it's just a dumb thing. It's like, stupid even, man. Yeah, like. And the funny thing was, he said it was an international court, had a warrant out. He goes, for what? He goes, we can't tell you why because you might tweet it. He goes, so what? Like, why you.
European Patriot
You.
Chip
You want to arrest me for something, but you. You can't tell me what? I mean, is anybody shocked? Is anybody surprised? Zero. People were surprised in that whole thing.
Jeff
You still look so small. Aren't you supposed to look bigger at the kids table? I wear glasses, too. I hate the feeling of contact. So there you go, huh? Some people,
Chip
I just have this weird thing about big, goofy glasses. I just think there's no reason to wear them. By the way, I used to work. I wear contacts since I was 10. There were pieces of plastic, and they were so painful to wear. But I said, there's no way I'm gonna wear big, goofy glasses. But I do have them if you want to see them. I do have them. Like when I spend too much time on the computer. Look, I can look like you. A dopey beta male. Hi.
Stella
Hello.
Chip
My name is Keir Starmer, and I'm here to tell you what a beta male I am. There you go. I do have them. I just hate wearing.
Jeff
You can't knock somebody if they can't wear glasses. I wear. I've worn contacts forever. I can't wear glasses.
Chip
Like, it seems like it's a preference. You say you can't have things in your eyes, dude. You put them in there. You don't even. You don't even know they're there. I mean, quite honestly, I had the surgery. I don't have. I don't need to wear them anymore. But if I spend a lot of time on the computer, it does wear on my eyes. But no, there you go. Glasses here. No way. Wearing contacts. That's so weird, dude. That's. That's such a weird thing. I like, man, I wore them when they're pieces of glass. They're so comfortable. You don't have men. To this day, since I got the surgery a year and a half later, I still think I got to remove my contacts every night. I'm like, oh, I. So weird. I can see all the time. I don't have to remove them.
Jeff
See that? I wear sunglasses all the time.
Chip
Sunglasses are cool. Sunglasses always look good. Look, it's always good.
Jeff
There you go. No contact glasses. Three. That's three people now.
Chip
Hey, soy boys. I don't know. I just grew up in a different era where, like, if you had glasses.
Jeff
Not call me dopey beta male to my face. I bet he's. He's probably taller, but not with the
Chip
name like pharma Maximus. You might be on the. You might be on some super big pharma drugs. I. Hell, no. Maybe you're all jacked up and stuff. You know, I'll still call you beta male right to your face. Come on. Come on the show. We'll drop a link and come on here. I'll call you beta mail over zoom. How's that? Let's do it over. Fun. Look, if you wear glasses, that's cool. God. Both my parents wear glasses, dude. They always wear glasses. They were the same way. They're like, we're not wearing contacts. We'll never wear contacts. I don't know. Some people have a weird thing about it. I don't know. They never even tried them.
Jeff
Exactly it. I got called four eyes for having glasses.
Chip
Dude, I was the goofiest looking kid you've ever seen. There's a reason why all the stigma applies.
Jeff
Oh, no. Now we know why you have such antithesis.
Chip
The dopiest kid you've ever seen. Glasses that were like, now. Now is coming between them. On the side of my face, horrible hair that looked like somebody, like, pinned me down and shaved my Head all kinds of places. Yeah, it was pretty rough. I'll have to show some pictures on here. And you guys. And you'll truly understand it. You'll truly understand. Happens, man. Yeah. And I felt like I was liberated.
Jeff
Those are my glasses. Exactly.
Chip
They're always broken. Every single man would be broken 100. Yeah. My brother and I were always like. Yeah, we never were. He got the surgery five years ago. I just got it two years ago. A year and a half ago. But. But they're not comfortable to wear. Do you trust me? Having glasses? Nope. X gang member from the project St. Louis who happened to be a book smart at the same time. Well, good for you, man. I'm glad you made something of yourself. Great. I wouldn't. I don't think I want to mess with you. And I'll hear that. Right.
Jeff
That's a path, too. I mean, that's a story right there,
Chip
you know, but here's the guy that made something himself right there by the bootstraps, man.
Jeff
That right there takes a lot for you. I love stories.
Chip
Yeah, I love those stories too, man.
Jeff
I had a friend, same thing, out of the Bronx, lift himself up, you know, from there. Those stories are very inspiring.
Chip
Look at John Deaton, man. He grew up in the projects, went to bed hungry two, three nights. He's. Now he's running for Congress and, you know, hope he wins. And I think he has a chance up in Massachusetts. I don't think he's getting enough. I don't. He does have critiques of the president here and there, which probably holds him back from the gop, but he's. He's going to be. He would be a great senator and surely better than Markey. My God, that guy's a disaster, man.
Jeff
Yeah, look at that. Doctor of clinical pharmacy graduate. There you go.
Chip
That's where the pharma comes from. Pharma Maximus. That makes a lot more sense. There you go. Well, good for you, man. You did something very. You won in life. Good for you. That's a huge account. He's still lefty.
Jeff
They can't read Pharma Maximus. What does it read exactly? Because it would be. Because if it's pharma, then you can't. There's no Maximus.
Chip
Yeah, it's pharma. Well, it's farm. It's pharma. Max. Farm Maximus Far Maximus.
Jeff
There we go. Farm Maximus.
Chip
Maximus is far Maximus Far Maximus. I am. Maximum prime. What does he call himself? I am. See, we're getting some cheers in the audience. You go, man. Right On. There's got to be somebody who can run Liz Warren out of office. Well, there was somebody who took 40 of the vote with zero budget. I think she's gonna undo herself. My eyes are good. My hearing's freaking smoked. Oh, no, dude, I couldn't hear with Netanyahu's large ears. Dude, you know who has bigger ears than Netanyahu? Marco Rubio. I was watching that clip yesterday. I'm like, dude, his ears are giant. They're like this. They're like this big. You already notice how big his ears are?
Jeff
Did notice that recently. I don't understand that. I don't know if they were always that big.
Chip
No, you saw in that clip yesterday, right? We were watching. Ears are big. Bloods are Democrats, maybe, except for reform ones. They're centrists. They're centrists. Maybe lean a little left. So there you go. If you will. There you have it. Right? Dumbo. Remember Dumbo. Dumbo. So that's it. I think that's all the time we have here, Jeff. I don't know if we have anything else for you guys.
Jeff
You know how I know? Just came up on my. I just saw a purchase go through for another watch.
Chip
Oh, geez. What kind of watch did he buy? Now.
Jeff
They're not super expensive, but he found a company that's modding watches. I mean, they make these really cool modded watches.
Chip
So he's in the lower class. He's not in the.
Jeff
No, not. He got his. He did get his first. Oh, I did a space out on the. On the Detroit watch. Why did I just forget the name of the Detroit watch? I don't know. Come on. What's that? I've got a bunch of them. Come on. Hang on, hang on, hang on a minute. How could I forget the name of this? It's just like Shinola. So he just got his first Shinola last week and.
Chip
Shinola.
Jeff
No, from Shinola.
Chip
Remember that? That was the. The jerk, wasn't it?
Jeff
Yep. No from Shinola. So I got a really nice one. My sister in law gave it to him. Her husband, which would have been his uncle, passed away last year and so we got to inherit one of his watches.
Chip
Oh, that's kind of cool.
Jeff
Yeah, he was super excited.
Chip
That's awesome.
Stella
Yeah,
Chip
Let's try to find.
Jeff
Where are we at?
Chip
I think that's it. We have one more. One more thing and that's it. We have one last thing.
Jeff
You're like, oh, we got. We're gonna do like 45 minutes today, and then we're yeah. An hour 45.
Chip
Jeff, did you hear this? That Iran foil's new bombing attack by disguising itself with a giant Q become an Iraq. I guess it didn't work out so well. They still got hammered.
Jeff
Work out so good for. Does clarity act pass soon?
Chip
No, Jeff, this one too. There's a new report out that says collapsible carnival ride operated by toothless meth addict. Probably fine. You ever notice those carnies always missing teeth? And they're like. You're like, sure. I think my kids can go in there.
Jeff
Look at this. Learning something new every day. Far maximus. Maximus means great in Latin. Farm for a short pharmacist. There you go. Great pharmacist.
Chip
You know something? I did not know that.
Jeff
Farm maximus.
Chip
That's.
Jeff
That's Latin.
Chip
I know that. Yeah. With those drugs, you got to know all that. I know my. My older daughter. Yeah. Pa and so she's. She's. It's funny because even the people that I talked to professionally. I was talking to a PA and he said. He said I had to cancel the meeting. I got. He gave me the definition of like this. What he had. I had to go look it up. I was like, what does this mean? I looked it up. I was like, oh, you got a stomach bug? I was like, it was some. It was some. I'm like, yeah, of course you would tell me that you have that and you can't make a meeting. But you know, this is a. Jeff,
Jeff
play a few comments here. Farm actualist said, oh, I'm in the comments now. From now on, boys, you all started something.
Chip
Now put them up.
DSA Leader
Oh, boys.
Chip
Oh, good. We love. We love new. We know. We love our. You know, our, our. Our people. Our. Our TC family are part of it. Proud of it. Look at this here, Jeff. Part of it.
Jeff
DNI came in an hour 40 rookie numbers.
DSA Leader
Yeah.
Chip
Airbnb listing stipulates you have to remodel the kitchen before you check out. It's like that's a really rough rule right there. I don't know whether we do that. It's very strange, man.
Jeff
Curio. Curios economics here. Curios comics. Said I became a conservative in prison after reading U. S. History in the bible. There you go.
Chip
Ah, interesting, man. She's. I love. What a bunch of great people. Here's a new report out. It says President Trump's self approval rating is at an all time high. Self approved. Ready, Jeff? My self approval ratings also. And some tragic news today. Sorry, Jeff. A plane crashes after no one tells the passengers to fly safe. Just just did not work out for them. And then Texas newly approved death penalty for anyone who starts an email with Happy Monday team. I've been guilty of that maybe once or twice. People, people get really bad if you wish them a Happy Monday. When it's not Happy Friday, they get really mad. They always make a face.
Jeff
Happy Friday. Swatch when XRP hits 1200 going back to the Swatch conversation
Chip
and also too, you know, the election thing came out the election fraud and it turns out the Democrats say they're perfectly capable of rigging elections without any help from China. So there you have it. That's it, Jeff. That's all we have. We did a minute 48. We got to get out of here.
Jeff
And vendetta said it wasn't for Alex Jones. I'll probably be a gang member or dead. And good for you.
Chip
You ready to get out of here, Jeff? We'll be back on Wednesday evening, guys. By the way, this was show 901. We missed our 900th show yesterday. That's the podcast Jeff and I have calculated. We've done over a thousand YouTube shows, but audio version hit nine. This is show 901.
Jeff
901. We were going to tell you 900 that wasn't good enough so we had to wait.
Chip
But we've done close to, I don't know, well over a thousand of these shows, which is crazy if you think about it.
Jeff
It's great. I want to give a quick shout out to everybody joining us that hangs in there all the way through. Everyone commenting, all those that are new, make sure you like and subscribe. We love all you guys. We love all the comments, we learn a ton, love the engaging conversation and then make sure that you come back because we do stream three days a week. So Sunday 8:00pm Eastern Standard Time, write it down. Wednesday, 8:00pm Eastern Standard Time and Saturday mornings at 8:00am Eastern Standard Time. We have people that join us coast to coast around the world, all over the world. It's amazing. People are up super late at night over in Europe, next day when they're in Australia, New Zealand. And then people join us super early in the morning from the west coast when we stream at 8am but if you didn't know where we're at, go to on the chain. That's what it looks like, spelled just like that on the chain. IO you can subscribe. If you subscribe, you will get a an email after every single show and they'll give you all the articles that we covered, links to articles, takeaway, all sorts of cool things. You'll get a link to the podcast, link back to the video, make it super easy to stay in touch. So if you did miss a show, then, boom, right there, you get it all. You get all the stuff that you want to. That you want.
Chip
By the way, listen, let's. Let's just say that any way you want to support the show, you can also support us by sharing this. Bringing. Telling your friends, waking the neighbors. Thought I wouldn't wake them, but I would just tell them, hey, come on over and watch the show. And that's how we grow, guys. Beautiful. Love it. Visual vendetta. I love it, man. Thank you guys for being here. We will see you guys on the next one. Thank you. Appreciate that, Chris. Thank you. We'll see you on the next one, guys. There are plenty more stuff to talk about. I'm sure we'll have more clips coming on New York City. Thank you and good night. And we'll find out what. So thank you very much too. We'll see what else is going on. See you guys on the next one. Chip and Jeff out. Are you down with otc? Please, like, subscribe and click the bell to be notified when the next video drops.
Date: July 20, 2026
Hosts: Jeff & Chip
Main theme: Institutional Preparations, XRP’s Utility, and the Convergence of Crypto, Blockchain, and Traditional Finance
In this episode, Jeff and Chip discuss the mounting evidence that major financial institutions (like MasterCard, JP Morgan, and Ripple) are strategically preparing for mass-adoption of digital assets and blockchain infrastructure—focusing especially on XRP. The conversation integrates recent news, infrastructure upgrades, regulatory clarity, the convergence of AI and blockchain, and macro-political and economic observations. It's a lively, opinion-driven analysis (with a heavily right-leaning political tone and plenty of banter with their global audience), designed to situate XRP and digital assets within broader shifts in technology and society.
Major legacy financial players (not typical "crypto startups") are actively building and collaborating, indicating a strong conviction about the future role of blockchain.
“If these companies are actually building systems to scale, this really isn't about buying XRP because it's speculative. It's actually about having asset access to the actual asset that is going to help power the network.”
— Jeff, [03:25]
“Everything we do at Ripple is built around serving institutions and building institutional grade infrastructure to help move value. The Internet of value is really our core mission and has been since day one.”
— Ripple executive, [05:06]
“Dynamic MPTs empower issuers to modify selected attributes as business needs evolve… really critical, especially as we’re starting to move more into smart contracts and rolling this out in real time.”
— Jeff, [14:03]
“Blockchain will keep all of the AI basically honest because it’s all on the blockchain. We’re getting to the point right now where, I don’t know, 2026 is an inflection moment when it comes to AI.”
— Chip, [20:00]
“Once it gets signed, as far as the rules of the road, consider them to be in place.”
— Chip, [29:47]
“Ripple FC pumping harder than XRP on a green day. Garlinghouse loves it.”
— Skit narration, [09:56]
The episode features a strong right-leaning, pro-MAGA tone, with sustained criticism of U.S. and European leftist policies, especially regarding regulatory frameworks, migration, and discourse around socialism vs. capitalism. The hosts regularly use crypto and fintech discussions as a launchpad for bigger ideological and cultural debates (including jabs at politicians, the state of the Democratic Party, and the importance of entrepreneurship and innovation).
Notable moments include:
This episode is a long, spirited discussion for fans who enjoy macro-level thinking about where blockchain and crypto—particularly XRP—fit into the future of finance, infrastructure, and even global politics. The hosts blend technical updates, market news, and social commentary with irreverent humor and a tight-knit community feel.
Want more? Join On The Chain three times a week for fact-based, frank—sometimes fiery—coverage of the crypto and fintech revolution.