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Jeff
Welcome to on the Chain. This is Jeff. What is going on, everybody? We got a lot of stuff to cover tonight. Welcome back on the Chain. Listen, what we're going to cover, we're going to go in deep tonight. We're cracking the code wide open. We have some good video commentary from Congressman Tom Emmer. Now, President Trump promised to make America the crypto capital of the world. This past week, we saw them beginning to deliver on that one big promise. And it isn't going to stop there. It's a lot more that's got to go on now. This isn't just some sound bite. That's a signal for amazing things to come. The banks, you guys know it. The banks are prepping. The politicians beginning to posture. You know, they are going to be vying for control and see who's going to get the most money out of it. The truth leaking through the cracks, that's what we're witnessing right now. And that's across the board. That's why, you know, it's really important we keep our thinking cap straight. Let's make sure that we can see through the fud, see through the FOMO to what's really happening. Kraken CEO reveals that every major bank is building their crypto on ramps. Now, this is something that Chip and I have talked about for a long time. What comes first? Is it the banks getting into crypto or is it the crypto exchanges getting into banking? You know what, those lines are blurring. We know that banks are going to want to on ramp and off ramp into crypto. They're not going to relinquish that control. They're not going anywhere. Main street, they're not going anywhere. They're not all going into crypto exchanges. Hence the importance of the banks. We're going to dig into that. Tulsi Gabbard torching the unelected bureaucracy, the unelected bureaucrats. Now we got to dig a little bit further into what she's talking about with that one. Clinton probably still holding on to the Russian hoax like it's gospel, like it's reality, like it was the truth. Trump goes on to call out the Obama intel machine once again. Trump, Charlie Clerk, Charlie Clerk, Charlie Kirk, Elaine Bear, the lie that is college. So let's dig into that. That's going to be a really good video. Now something that we've been witnessing over in Europe is, I don't know, is it a collapse? Is there going to be a wake up moment? Are we witnessing across the pond over there in England is England actually starting to wake up. Are they going to have their tea party moment? Are they about maybe a decade behind us? We're going to find out about that too because, man, there's so much going on. Crypto, corruption, the control over everything. If you guys are ready to kick this thing off, I'm ready to kick this thing off. So let's see, how are we going to do this tonight? How are we going to get excited and hold on to your yetis because we have a new word of the day and we're going to be giving away something completely different. But you guys have already seen us give this away before and we have one more left. So hold on to the yeti words and wait for the new word of the day. See if you guys can guess what that is, if you can figure out what the word of the day is. So if you guys are ready to roll, let's kick this off hardcore style. Here we. Let's go. And just up quick. I want to just let everybody know, you know, Chip will be back on with us later this week. But I do want to send thoughts and prayers, uh, over to, uh, Chip and his family and, you know, we'll tell, uh, talk more a little bit about that. But so anyhow, you know, yeah, definitely hard times that we go through with family and so. And I know that, you know, Chip had. His mother passed away about a year ago and he's with his dad right now and so want to send prayers and thoughts to Chip. Um, and we'll, you know, talk more about that later on. So let's, let's dig into this. Let's go into this tonight. Let's see who's, who's joining where. Where are you guys logging in from? Where? What part of the world? Now we know Chad is coming in from Celebration all the way. Celebration. That's pretty far away somewhere. Somewhere up near Orlando. Ish. You gotta celebrate good times. Zober coming in from Colorado. So yeah, let's. Wow, what do we got here? We got Atlanta, Pennsylvania. Got Pennsylvania coming in. See what other parts of the world we've got, you know, with us tonight, which will be great, man. Luke coming in from Naples. We got, we, we have got Punta Gordo, we've got Florida cover, let's put it that way, from the south to the west to the north of Florida. We have a Florida centric group here with us, Mike over in the Boca Grand. So thanks, Gary. Also hanging out in Punta Gorda, and that's really cool. We're, we're Gonna have to orchestrate and organize some form of a Florida meetup. So. All right, let me. Beth coming in from New York. What is going on? So we've got three entries already. So someone has guessed, someone has guessed the word of the day because we already have three entries put in there. There we go. We've got Chad Nauseam, Jeff Sutton already got the word of the day and we also have. I saw another one. Oh, there we go. There you go. Inappropriate land. So you got another land. So we got three already for the word of the day, for our giveaway. And we'll talk a little bit about that when we get that together. XRP coming in from Homestead, Morocco and Portugal. XRP Plumbing coming from all over the place. Covering, covering a lot of the world right there. All right, so what are we going to start with tonight? I wanna, I want to get into some of the crypto now. We've obviously been witnessing the rollout of the genius act and some other things that have been taking place. I want to go into really listening to some, some of the things that were said and we've heard over the past week, over the past couple days. I think this is really. Let's key in on this because we, we can go from what Tom Emmer was saying to the senior CEO of, of Kraken. And then I want to dig into, we'll dig into some of the politics, the bureaucrats and, and all of that. I want to hear from you guys also kind of see what your thoughts are. The direction that we're starting to see things developing, you know, from a, from a political perspective, we're starting to get some regulatory clarity. Are you guys happy about the fact that we saw the first bill signed by President Trump that was really focused on stablecoin? There were many that were concerned that it did not address cbdc, Central bank, digital digital assets and so our digital currencies. Is that a big deal that it wasn't in the first, you know, you know, so, you know, where, where exactly, you know, do we want to fit in to, to these kind of opinions and thought process? Marjorie Taylor Green was very much against it because it did not include something on the CBDCs. But I believe that this one video might provide a little bit of clarity on, in terms of what is coming. And this was. Tom Emmer posted this video. Actually, it's, it's been about five days already since he posted this, so it was before things got signed in. But this, this was really a very important, you know, moment. This is, has to do with when the signing of the big beautiful bill. But Tom Emmer and I, I know we've played it before, but Tom Emmer had some really important things to say in and around it. And he does have a bill out there that is specific, specifically focused in on central bank digital currencies. I like the idea of separating it out and having it as a separate bill, but let's see exactly what he has to say about this. So let's pull up the video with Tom Emmer and then I want to get to some of your thoughts and your comments as well on what's happening. So let's, let's put this up, see how long is this video. Should be just a couple of minutes. Okay, here we go. Let's play this, make sure the volume is up. Here we go.
Tom Emmer
This week we are delivering on President Trump's promise to make America the crypto capital of the world. For too long, digital asset innovation in this country has been stifled by ambiguous rules, instability in the Biden administration's anti crypto crusade. Now we have the opportunity to pass a comprehensive nonpartisan digital asset legislation that will unlock the next era of American innovation, protect consumers and strengthen the US Dollar. Where ambiguity and unclear jurisdiction have stifled blockchain innovation. The Clarity act will create a much needed regulatory framework for the digital asset marketplace place. Doing this not only gives builders and firms the rules of the road, it also ensures consumers are protected against fraud and bad actors. And the Senate's Genius act will peg stable coins to a stable currency like the US Dollar, opening the door for the United States to lead the world in digital finance.
Jeff
The House really important also vote on.
Tom Emmer
Our anti CBDC Surveillance State act which bans the Fed from issuing a central bank currency.
Jeff
So what, what are your thoughts on this? He's has a, an act specific to the cbdc. So there were some people were upset because it wasn't in the Clarity act or you know, wasn't going to be discussed in and around stablecoin. But there is another act out there that can be passed that hopefully does get passed. And we'll also be able to see if it's going to get the bipartisan support that we would anticipate that it should, especially if it adheres to AML anti money laundering as well as kyc. So if you have aml, KYC anti money laundering and know your customer. So you have to have the different aspects of and these are rules and laws that already exist on the books. So if they're already out there, let's you be able to utilize and have some clarity to understand that certain laws and rules will still apply. There has to be very. We have to have clear rules and guidance, especially when it comes to like let's say a central bank digital currency. We don't want that to get any type of, of legs. And everyone that was upset over the Clarity act, you know, not including it, should be, you know, very happy that at least there's other legislation that will, that is out there. So let's go back through this one.
Tom Emmer
More time on our Anti CBDC Surveillance State Act.
Jeff
So let's look that up. Let's see and I don't know what you guys think. What, what are your thoughts on having this separated out? So an Anti CBDC Surveillance Act. So it's Anti CBDC Surveillance State Act. Let's see if we can pull this up. This was, this was actually out already. So this has been discussed and they, they brought it out, introduced it back in 2023 originally. So I'm trying to find, here's the, the newest part of the legislation. Let me bring up both of them and let's see what we can find. Because this, see, this is from, this is HR 1919. It was introduced back in March. It already has 135 co sponsors sitting in front of committee. Let's see what happened in 23, had 165 co sponsors, three amendments to it. So let's bring up this legislation first. Let's go into this one. There's a summary, 30 actions on it. This was back in 2023. So in the 118th Congress it received, it was received in the Senate and read twice referred to committee. And I think that's where it just stayed. I, I don't, I don't think it ever made it out of Senate. And this was sponsored by Tom Emmer. So let's go through and see the motions that it went through the House had debate in the House and then it just, it kept going. So they had amendments. They had the Davidson amendment. Let's see if we can find that might have been Warren Davidson. See if Warren Davidson put an amendment on this. Mr. Davidson, amendment A003. So here was the amendment number three to ensure the Federal Reserve bank cannot design, build, develop, establish or issue a cbdc. So there were so many people upset that it wasn't in the Clarity act, but yet was an act. And this, it is so much more significant that it's sitting on its own that it's very focused that they want to make sure in, in very Clear language that you cannot design, build, develop, establish or issue. A CBDC ensures the Treasury Department cannot direct the Federal Reserve to do any of the above actions. So that was Davidson. That was an amendment to it. So they agreed on that. Here's the agreement to the to that amendment. The House rose from committee. This is so interesting just to see how it kind of went through. And then it finally got in front of the Senate in June and I think then that was the end of it. That was June of 2024. So now here's what's really important. What's critical right now is, you know, the timeline. So we saw that the latest action on July 17, the motion to reconsider that was laid on the table, agree to without objection. So here we go. Right. This is sitting in the House Financial Services Committee Anti CBDC Surveillance State act, currently sitting with 135 co sponsors. So let's see if we have any bipartisanship in this one. But we have mar. Marjorie Taylor Green is a signator or co sponsor to this. First co sponsor was French Hill. And as you kind of go through the list, let's see if we have any Democrats on it whatsoever. So I've got bunch of Republican, Republican, Republican, Republican, not one Democrat co sponsor so far. Let's see. Normally there'd be one as we go through the list. No, amazing. Really amazing. Ohio. That's probably Warren Davidson. No, that's Troy Balderson, Mike Carey. Look, Chip Roy from Texas. Let's go down the list. There's more. I mean it's just not one. Not one Democrat. That's amazing to me. So this started back in March. He had co sponsors all the way up through May. Hopefully I'm sharing all this foreign. Let's keep going. All right, so let's go back. Let's go from co sponsors. Let's see what amendments they've already recommended to it. So there's already one amendment to the CBD to this legislation. And let's see. Co spawn a last action. It was. Oh, that's okay. It was agreed on to the rules amendment. Agreed to without objection pursuant to the provision the amendment in the nature of a substitute recommended by the committee. Okay. Now printed in the bill and is considered adopted. So let's see what related bills we have to this related bills you have let's see 580 providing for consideration of Bill HR 4016 making appropriations. Okay, that's not as relevant but this related bill read twice, referred to the committee is referred, read twice and referred to the committee on banking. And so it's. What's interesting about it is there's also legislation in front of the Senate right now. So you have, you have legislation that is sitting in Congress HR or in the House HR one night or 1919. And then you also have a similar one that's sitting in Senate right Now which is S1124. So this, this is really key. Anyhow. All right, so let's go to some of the commentary and then we'll go back to the video as well and we'll, we'll continue hearing from Tom Emmer. But let's see, we have foreign see here while you guys kind of blew past, but Tom, Thomas Brennan was saying, yeah, I believe CBC needs to be addressed, made into law. That will not happen. We don't want the deep state shutting down our accounts. Exactly, exactly. Yeah, we've, it's only been six, seven years, don't worry. I guess visual vendetta says can you explain why CBDCs are bad? I know China has them, but not sure if people that are complaining about them. So the main thing, if you think about a cbdc, it's a central bank digital currency. So it's issued by the central bank. The one concern over a central bank digital currency is programmability. So even if they're were rules and laws and regulatory around it, can you 100% be certain that they don't have some form of control mechanism programmability, meaning that, you know, through that programmability, let's say in China they decide to connect your digital currency to your social scoring. So let's say you have some form of social scoring and you do something contrary to the Communist Party of China and they shut you out of your banking, meaning you have zero access to banking. Think about what happened in Canada with the truckers and anybody that was donating money, they shut them out of their credit card accounts. If they shut, if they have that kind of control. Imagine now you put in a central bank digital currency. Not only do they have immediate control over your expenditure, but they also have immediate visibility through their programmability, immediate visibility to your expenditures, to everything you do, to all your buys. So all of your sell, whatever, whatever you do, you know, so they'll monitor everything, every, every bill that you pay, everything you spend your money up. So imagine we're, we're in a, in the police state of California or New York or, or something like that, you know, very, you know, leftist agenda, socialist. Imagine, you know, you, you, they decide, well, we can't negate the Second Amendment, however, they can do things to maybe not allow you to spend your money on ammunition or, you know, if they monitor that you were, you know, whatever, you're going to the gun range, they'll say, well, you're going to the gun range too much, so you can only go once a month or once a quarter, or you, you can only buy 50 rounds of ammunition. Anything over that, we're going to monitor you and we're going to make sure that you can't because we know what you're buying. If everything is interconnected, they would obviously have to get rid of cash at that point. So I would say that those are, you know, some of the easier, you know, concerns over, over a central bank digital currency, you know, control. And Chad was saying the same thing. It's programmable, meaning it can expire, so you must spend it quickly. Well, all the same stuff that I just said, MCC's think guns, ammo, gas can be restricted. Also you can track your spending for a social credit score. Man, that's amazing. All the things that, that I was saying exactly what you guys are saying the exact same thing, which is, you know, that's really, really important. You know. So let me go through some more of these comments and then we'll get back into, into Tom Emmer here in a minute. Let's go back through. So XRP Plumbing, same thing. They already, they already have the control. So a CBDC is a central bank digital currency that will be adopted whether people want to believe it or not. So that's it. But that's why you have to have an act to make sure that you don't have a central bank digital currency. But can't they do all that? They, they really can't. So, you know, just based on banking laws, cash is 100 anonymous, but they also cannot access your credit card expenditures without court order up, you know, so if they went to, they'd have to have a court order to go to Visa, MasterCard, whoever the issuer is to get your, your credit card. And same thing with the bank. But there's certain triggers, right? So if you think about, if you move $10,000 plus of what the, what is the. No, you know, if you know that that's a trigger. What are some of the things they tried to trigger under Gary Gensler was like a $500 in crypto or $600 in crypto, whatever it was, there were certain triggers that would almost make it so that the agency, the institution would have to report it. You know, and so that was Just complete overreach. But if you think about if they have a central bank digital currency, then 100%, you have no idea what's going on on the back end of it. There's no third party. So, yeah, 600 Venmo payments. So there were certain triggers that they tried, they put into place that got thrown out as well, because it just doesn't make any sense. And we can't have the central, you know, government, and then you have a secondary, you know, institution, a central bank that is now regulating and controlling it so becomes extremely, extremely, you know, complex, I guess, from that perspective. But let me go back where is. Okay, there we go. All right, perfect. Let's go back. Let's play a little bit more of this. Where's the play button? How did I lose the play button on this? This makes no sense. That's crazy. I lost the play button. Okay, there is no. Let's try, let's just.
Tom Emmer
Which bans the Fed from issuing a central bank currency. Under the Biden administration, financial surveillance gained a foothold in the United States as they explored the creation of a central bank digital currency. CBDCs are already used by governments like the Chinese Communist Party to monitor, track and judge the financial actions of its citizens. A CBDC would be nothing more than a surveillance tool that could threaten our very way of life.
Jeff
There you go. So you heard it, you heard it here first. Tom Emmer. It, it definitely surveillance tool that will threaten our way of life. There you go.
Tom Emmer
We can't let that happen. These three nonpartisan bills are the culmination of years of work in Congress and especially, especially in the House. Together they're going to launch America to the top of the digital asset innovation world and fulfill our promise of making America the crypto capital of the world. We've waited long enough. We must long time take hold of this opportunity.
Jeff
Now, this is the week, and this is a big week. You know, there's a lot, a lot of things going on. Obviously up. We've got some really strong people that have been, you know, big supporters in the crypto space. So we saw that, that Warren Davidson definitely, you know, was helping, you know, with some of the amendment. And think about Warren Davidson, you know, if we go back and Darren Sodo is a Democrat out of Orlando, and, and Warren Davidson out of Ohio. This is back in 2018. So seven years ago they started with the Token Taxonomy Act. So if you think about the issuance, if they would have passed, if there would have been an inkling of appetite, maxing waters and the Democrats obviously had a completely different agenda and they had no desire to formulate to formally provide some rules of the road of engagement with cryptocurrency at that time, 2018. And so maximum Waters basically just ignored it. It never got any, it just died in committee. It got to the Financial Services Committee, didn't even get conversation, didn't even get to the, to the floor to have a, to have a discussion over it and it just died. We, we watched that whole thing. How does a bill become a law? We watched that a few shows ago and that's exactly what happens. It just dies. It, it gets the committee and dies out. And that was because of the powers that be that were in charge of, of the, of the committee of government etc. They just didn't want to see it happen. Now you have a lot of pro crypto momentum but that's because Trump, you know, you have people like Tom Emmer, you have Warren Davidson out there still, you have many others, Byron Donald, you know, all these players that were looking at crypto very favorably but they've been in it for a long time. So even Tom Emmer, you go back a number of years ago, think about last, you know, session 2023, 24, he already had the anti CBDC in front of Congress and so obviously it got no traction under Biden. Right. Under the Biden administration. So here we go again. And now we're going to see significant momentum especially considering that right now we have an equal legislation. Let me see if I can find it again. That's sitting over in the Senate. So I wanted to pull that one up, did I not? I didn't open it. But I think it's important just quickly to look at it. Let's go to related bills and let's. So then we have the HR 1919 as well as the S1124 that's sitting in front of Senate. So right now it's a summary related, it's in. The committee has five co sponsors to it. So we'll go in here, we'll see who these co sponsors are here in one second. So it's sitting in the Senate Banking, Housing and Urban Affairs. Let's see if we have any Democrats. This also rolled out in March which is really important. And so we have Ted Butt. Ted Butt also has been extremely active on the crypto bill scene for a while. And then you have Cynthia Lummis, rhymes with hummus. So let's not forget that she joined on July. Just actually recently she decided to co sponsor up and get on board with this thing. I think we're gonna get a lot more traction. And this one in the Senate was introduced by Senator Ted Cruz. So we're going after this cbdc, which is why it wasn't in the Clarity act and coming at it from many different directions, which is, which is really great. Oh, throw this one up there. By the way, Jeff, thank you. XRP Plumbing for all the homeowners out there in Florida. The house bill for Florida for the homeowners association rule lockdown. HB983. You guys better get it going. Yeah, we'll have to look at what's going with that one. HB 983 for Florida homeowners Association. All sorts of rules in and around the hoas which could, you know, be, you know, extremely difficult. Extremely difficult. Yeah. Oh, here's another one, Mike. If the no Capital Gains act gets passed, get a ma. And there's so many things that have to happen. You know, obviously step by step by step they get rid of taxes on tips, things like that. Now let's get rid of capital gains tax, let's get rid of sales tax. Let, or let's get. Not sales tax, let's get rid of income tax, get rid of the income tax. Let's go to a vat, you know, flat tax or something in and around that idea so that it's a consumption based tax and that's it. Everybody pays tax. You don't have to file, you know, anything. Imagine the amount of time property tax, it's another one. Think about all the overreach that has been occurring over all these years. You know, for every dollar that you earn, think about how much goes out in, in taxes. I mean it's, it's, it's really absurd. You know, once you know that you're, you get whacked on the income tax and then you're whacked on the property tax and then you hit on the sales tax and every time you turn around there's more and more tax, which is just, which is crazy. Property tax. Put a flat rate on property tax. I like to get rid of property tax, you know, and think about what we could do here in, in Florida, which there, you know, a lot of things have to be done down here in Florida, that's for sure. Yeah, everybody's like, yeah, probably, let's get rid of that property tax. It's just crushes people, you know, it's just everything. Go and buy something and you know, it should just be, hey, I'm going to buy Something. And here it is. This is. This is what? You know, if I'm gonna buy a house, you know, you want to. It. It's just gas, T. We don't even know most people. We have no idea what the gas taxes are. You go put, you know, gas into your car of that dollar amount. How much is state tax? Does the city. What is the city tax? Attack onto that. I remember a point up in Michigan. They were adding so much to the gas tax, and when you read through where they're. Where they're allocating the funds, this goes back quite a few years. And I remember requesting the allocation of funds and to see exactly where money was being spent. And a big part of it was for road repair. There was no road repair back then. Now you go to metro Detroit area, a lot of the roads are actually in, you know, pretty decent shape. But, you know, for the most part, you know, they were putting cement on freeways and it just. It was crazy to see, you know, what was going on, you know, with your. With your dollars and, you know, your dollars spent or your dollars earned. You know, I should say, what's up, Ducky McScrooge? Here you go. I like that. Jacob's ladder. Pay your house off and it's still not yours because of property tax. That's right. They always find a way to tax. But that's why if you do like a flat consumption tax, just do it based. Don't do what you earn. You know what you're earning. Let me keep a hundred percent of what I earn. Think about how much more money people would have. And then if you want to go buy something, then you could have. You want an 8% sales tax, you want a 10 sales tax, but I want it on the blockchain. I want a hundred percent. Click clarity. I want an official audit. I want an official audit of the voter roles. I want the voter roles on the blockchain. One person, one vote, and that's it. Let's make sure you can go back and track it, make sure there's no shenanigans happening. I don't want to rely on individuals in a supervisor of election role to where, you know, they can keep dead people on the rolls for a hundred years. They can corrupt the system. They push for, you know, mail and ballot voting. When it's not an absentee ballot, they just mail them out to anybody and everybody. You know, that's how they try to steal the election site. You know, so there's so much that needs to happen. We're just Beginning to see like the, the starting point of what can happen with cryptocurrency, with blockchain tech, with NFTs. You know, I mean, you're voting, you get, maybe you get an NFT when you're vote, after your vote. And that proves that, that you voted. You can, it's now on, it's on the blockchain. It's, it's on the ledger. It's been, you know, it can't be, it can't be altered. It's a. Can't be changed. Here it is. And I have a representation of it with this nft. Here you go. And I'm going to keep my record and my NFT will show me exactly who I voted for. So now if we want to go back to an audit, let's go back to an audit. And I. There's got to be people out there that are building now you can't even build this type of technology in this country without clarity, you know, without any type of regulatory clarity. And so now we're, we're starting to see that legislation pass through. But who do you think was most threatened by this type of technology? Was it the banks and the financial institutions or was it the politicians? You know, why is it that a lot of these big TV shows and supposed news or opinion shows are all of a sudden running out of money? You know, where, where did all that money go? You know, let's think about that. What about usaid? What about that FTX money? What exactly was going on with all that money? And why did they not have money now? So there you go. Had a, at a 420 break. What's that? Before coming on the air. And we were, we were at the pool today on the tennis court today. It was about a thousand degrees. I was at Costco three times today. Went there for gas, then got. Oh no, that was. I was there. Yes, I was there today. I was there twice today. Twice today. Once yesterday at Costco. Man, I was there. I can't believe Cost. I went into Costco this morning and got gas. Now that they open at like 9am for executive members, but I missed that. It's washing the cars this morning. I was. That's right, it's washing the cars this morning too. But get to Costco, get gas for one of the cars. I went yesterday as well and go in and I'm figuring, hey, it's 10:30. Normally around 10:30 going to Costco, there's nobody there will go to the checkout line anyways. There was at least a million people in there. I've never seen anything like it. I don't know where all those people came from. The Costco this morning, but it was chaos. And finally I left and realized I forgot something. And I said, there's no way in hell I'm going back in there. I ended up going back later in the afternoon. All right, so we're way beyond the bottom of the hour. So I'm going to play this song for you guys, and you're going to realize that there's a whole new word for the drawing today. Now, so far, there's only six entries for the drawing today. Now it's a special entry, and it's not a yeti. So we're. We have one more tract of land to give away. So let me. Let me roll this out. Let me get this video going for you. Let me queue up the video and. And then we're gonna. We'll do the drawing later, but then I'll show you the land. But anyhow, let me. Let me throw this in there. Are you ready to win some land?
Narrator
Hillside City rises through the haze, steel, shadow, and stories waiting to unfold. Expectraland is more than space. It's a claim of presence, a future. Every blood whisper something different. Some echo silence, Sunscreen, potential. The world. Word of the day is land. It's the beginning of what comes next. Get ready. Expect transwatch. Get ready. Expect trans. Name.
Jeff
And there you go. There you have it. It's land. The word of the day. Word of the day is land. L A N D. And then we're going to be doing this drawing for this one last piece of Hillside City that X. Spector had given us to give away. And so we have this beautiful tract of NFT land. And here it is right here. Boom. Hillside city, zone number five, parcel five. And you get four plots. Number of plots four. In Hillside City. It's R1, underscore Z5, underscore P5. I guess that's the name. That's the expector land right there. It'd be nice if it was yeti land, Hillside City. But that is X Spectre land. So we'll be giving that away here in a little bit, which is kind of cool. Today's episode has been brought to you by the word land. L A N D. L A N D. There you go. Osmond says Hillside City, my land for a little shop. There you go, a little shop. A lot of potential on that one. You know what I realized? And I'm going through my video Here and that land. It's weird how on the outcome of the video the D got crushed off. I'm looking at my video edit and the land is whole. It doesn't make any sense. But the ever watching eye, I had to get the ever watching eye in there was pretty cool. You will have to get some permission from Hillside City. It depends if you want to put up a cartoon. Depends what you want to sell, I guess. Whatever cool things you got to sell. All right. We ranted a lot just on one Tom Emmer video. I can't believe it. So let's get into this video here from Kraken. This is the CEO of Kraken. Let's see, let me queue it up here. He's interviewed on. What is that, CNBC? Let's roll this back a little bit. It's a 30 second clip. This is an important conversation right here. So here we go. Here we go. This is, this is actually from our standpoint, me personally, one of the, the biggest benefits of this, this brings about more clarity. So now we can have many more businesses that previously was, were uncertain, unsure about what the regulatory environment was to move into the cryptocurrency industry. I've actually personally met with nearly every executive team of all of the traditional financial services firms. All the big banks, all the big brokers, they have teams that are getting ready to bring crypto to their customers. This is, this is so this is kind of big. You know what he's referencing here, he's talking about the big banks getting ready to bring, to bring crypto to their customers. The big banks. Right. So who are these big institutions? How many? How many? Look at this trading volume, man, they, it's pretty big. Kraken is pretty big. But anyhow, I mean what, what he's referencing, you know, the big banks getting ready, they're, they're getting ready to boost this thing. You know, it's really gonna make an impact and it's something that we, and we talked a lot about. Yo Chip and I. Which comes first? Is it the banks getting into crypto or is it the crypto exchanges getting into banking? And we're seeing a little bit of both. We're seeing, you know, both sides of it. We're seeing, definitely seen crypto exchanges that are getting into banking. But at the same time we're also seeing banks, they've been sitting on the sidelines. They don't have not had the necessity to go all in into crypto. They see, hey, this is the potential. Let's see how this unfolds. Let's make sure that we have clear regulatory clarity in order to roll this out to our customers, in order to get involved in it. You know, there's a lot of, you know, pieces to that puzzle. Right. So here's XRP Plumbing. Thanks. Gonna start to custody crypto, or, you know, banks will start to custody crypto. You know, very soon. There's a lot of things going on here. Everything is getting stacked up. You know, they're really trying to make sure that all of the. The pieces and banks move really slow. You know, they're kind of like the government. They're not just gonna jump all in on something on a new technology, which is also where we saw ripple with their software slow implementation across different banking infrastructure around the world. But it takes that. It takes that continuous effort. You know, a lot of these banks were working with old legacy hardware, computer hardware, like the government. Oh, the government's still working on, like Windows 95. I don't know what they're working with, you know, but there's a lot to that. You know, where if they're working with legacy platforms that, you know, can't integrate with some of the newer, newer systems, you need to get that hardware update. And then you have to really start slowly seeing integration. But a big part of it is going to be trust. It's going to be making sure that you have regulatory clarity, a normal functionality for the banks banking infrastructure, you know, based off of government, you know, setting policy. So I think we're getting there. We're not there yet. We're getting close. The stable coin. Stable coin legislation was very important and, and we're starting. We'll see. We'll definitely see more. Mike. What I don't understand that you all look into I trust capital. The fees with everyone else is 3 to 4% and our 1% across the board. Yeah, some of the V's are a little bit, you know, too high. And the banks, you know, the banks think about what they, you know, these guys, they want their part, they want their piece. You know, they don't want to miss out. They don't want to miss out on their piece of the action. You know, right now, the banks definitely, you know, carve out a lot, maybe too much of a percentage. And, you know, if we can get rid of some of the middlemen. The banks also need competition. Competition is healthy competition coming from crypto exchanges to compete in banking. And then banks, you know, naturally then having to get into crypto and custody in crypto. And we're going to start seeing the lines blur. But that's where Kraken becomes a bank. That's, that's where, you know, Coinbase becomes a bank. You know, Ripple, you know, Ripple will have banking whether it's institutional banking or if it's going to be retail banking. Maybe they'll go down the path of retail banking, maybe they won't. We'll, we'll soon see. But there's so many, so many areas where, you know, where this has to really, you know, all these pieces have to come together and really, really, you know, impressive where we're at right now, I trust. Yeah, they have a crypto ira. That's very cool. Jim D. Banks are smitten by the old slow buggy, Swift ACH Money transfer. That's it, you know, pro and, but think about right now, the only way of banking, if you want to move money in and out, you go into Uphold as an example or any other exchange, you're moving it through ACH or you're paying high fees and you're still paying transaction cost. There's a lot of high transaction cost in the off ramp and there's high transaction cost, especially if you want it to be instant. If you do an instant transfer from Uphold to your bank, then it's a high fee. But that, that's because you're going to legacy systems. If the legacy bank or the banks are off of those legacy solutions and we go into a stablecoin environment, that's it, all bets are off. We don't have to worry about the high transfer cost because then you, if you unload, you know, from Uphold, go into stablecoin, let's go into an RL USD and then you want to move it over to your Chase bank of America, wherever you bank, you know, down in Florida, they have truest as well, I don't know, around, around the, the world, around the country, they have all sorts of different banks. But imagine that would be an easy one right now. All of a sudden it's like, hey, I'm holding my money in RL USD. I want to simplify the movement. Even if you want to move it to your, your stock exchange, want to go to Fidelity or Wells Fargo, what, whatever. You know, you could easily transfer, you know, through a stable coin which will be, you know, that's really solid Kraken. It's cheap and instant. Well, there you go. We got to use the Kraken. I'll pull Uphold definitely is not always instant and definitely charges. Mike Morath, Ripple. Get an answer by November. So what bank will you go? There you go. We'll see. But again, let's see if Ripple is going to be a retail bank or if it's going to be more of an institutional bank. What direction are they actually going to go with? So for those guys, you've got Charles, you know, is working with I trust. Chad working with I trust you guys. Like, I trust. It sounds like you guys definitely like the idea of working with I trust. Who else has experience working with I trust that, you know, can give some feedback on I trust. And if it. If it works out nicely, all the money. Tremendous. There you go. All the money. Will it all be an R.L. uSD? I don't know. You know, we'll. We'll have to. We'll see exactly where that goes. You know, people still want to keep it in. Everything's pegged back to the dollar, which is. Which is important. So whether it's an RL USD or a USDC or whatever it is, as long as it's pegged back to the dollar, dollar for dollar. And those dollars have to exist someplace. That's very positive. That's an important piece of the puzzle. So. All right, let's go. Let's move on. Let us move on to. We talked a little bit about her before yesterday, I believe we talked about her. Oh, look at the time. I can't believe. Time kind of flies by while you're having fun. Okay, let's see here. Let me pause this. Not sure exactly when this was from. Don't know if this was recent. Let me see now. Okay, let's see what we got here. This is Tulsi Gabbard. Let me put this up, see what she has to say in this video.
Tulsi Gabbard
You guys who watch me know that I use the word Democrat elite a lot. People ask me, who are these Democrat elite that you speak of? Yes, it's people like Joe Biden, people like Hillary Clinton, Nancy Pelosi and Chuck Schumer. But it's important to recognize that it is also unelected officials like Fauci, who has shown throughout his entire career serving under both Democrat and Republican administrations through his actions, that he serves his own interests and the interest of big pharma and big government consistently over the interests of the American people. The insidious apart. The insidious part about this is that he and others take these actions and abuse their power in the name of working for our best interest, when in fact, they are doing the exact opposite. For example, as you Remember, during COVID Dr. Fauci demanded that we place blind faith in him and the government. They said, just trust us, just trust the science, that we are acting in the interest of your public health. But over time, we saw what it was really about. It was about control. It was about more money, huge amounts of money, our taxpayer dollars being put directly into the pockets of big pharma.
Jeff
Big. Yeah. I think this might have been an older video that she had made, but I agree. What's up with. Why do people sit in their cars and make these blogs and they can't do it? You know, they're trying to be trendy. You know, they're trying to be kind of make it look like it's kind of nonchalant, like they're thinking off the cuff. You know, I get it. You know, sometimes you want to, if you want a short video, you know, like, hey, I'm driving right now and I want to do this thing. But everybody wants that. Yeah, they want to, you know, pretend they were in the. In the moment, so to speak. But, you know, Tulsi, you know, brought up some really key points with, with what she was saying. And what we're starting to see is hold them accountable. Right? Hold the unelected bureaucrats accountable. We talked about them, you know, over a period of time, there were many unelected bureaucrats that were appointed to position that caused a lot of problems. And, you know, they, they kind of operate as though, you know, there are no checks and balances to them. So I don't. Is there still a Dillard? I don't even think Dillards still exists. So. Question from Osman. Quick question. How much money do we need? Wait, how much money do we need in all over the world to back up all digital dollars? Any information how much fiat currency and digital dollars out there at a moment? That's a good question. Does anybody know how much. And I guess you would have to look at, you know, potential market cap of, let's say usdc, RL USD. You can probably get an idea of how much is currently out there. But I think as they distribute, they have to have it backed up. You have to have dollar for dollar in the treasury. So if there's, let's say a million R.L. uSD out there and someone held all those million, or if there was a run on the bank and we said, hey, I want my money back, I want my million, they have to be able to give you that million. They have to have it backed up. Now the, the question, you know, is that it's pegged to the US Dollar but they might have it in a, they, they might be able to hold additional asset. It might not just be, hey, you've got to be dollar for dollar. It might be other thing, you know, there, it could, there could be a possibility that they're holding gold or, you know, some other asset potentially. You'd have to, we have to read on the RL USD to see exactly know what's going on with that. So Chris Clark is saying, I've heard it's around 2 to 3 trillion dollars. Yes. Federal Reserve notes. There you go. In cash, pure cash. There we go. All right, and then this, this is key right here. I think we gotta, I think we gotta read this post right here. Think this is an important post to see as we kind of go through this specific narrative. Right. Because this has been going on for a while. And so let's go back in time here. Let's, let's go back to July 24, 2020. How about that? So let's, let's go back in time and let's read a post from Trump. July 24, 2020. So Obama and his team of low life spied on my campaign and got caught. Open and shut case. More papers released today which are devastating to them. Will they ever pay the price? The political crime of the century. This is a, this is exactly, almost, almost exactly five years ago to the date that all this information came out that they were actually spying on his campaign and they were doing everything in their power to unseat Trump. Think about that for a moment and then consider when they talked about the coup of January 6th and think about the summer of love when they were burning down streets, robbing people, burning cars, stealing. Remember they paraded into that one neighborhood and the husband and wife came out with their guns and they were the ones that were prosecuted, not the people that were invading private property. You know, so they did they think just because that they were parading around as this mass horde mobile, that somehow, you know, people are supposed to sacrifice their lives in Florida. That doesn't happen. Right. So you have stand your ground. But then you also now have directive from the governor that if they ever have any type of protest in the streets, well, get out of the street because you're going to get run over. But, you know, that was, you know, kind of really important. Here we go, chad. As of May 2025, the total amount of US currency in circulation, physical notes and coins is approximately 2.39 trillion. There you go. Love it. That's a, that's quite a bit of Money out there. All right, two more things that I want to put up here. This is one, this is Charlie Kirk. And it's interesting because there's more and more conversation on the quality or I should say questioning to the quality or the value or validity of a. Of a college degree. And this is, you know, if you're going to go to school and you're going to go to college, go study something that you can at least have, you know, you can get something out of it. I mean, today, day and age, you can go online and you can basically learn. You probably learn anything. Anything you want, right? You want to learn accounting, you can go on online, find a way to learn accounting. You want to learn history, Go read a whole bunch of history books across the board. Do you need a degree in history for the sake of having a degree in history? If you don't plan on being a researcher of history and maybe going to, you know, dig up some archaeological digs or something like that, you need a marketable degree, right? You know, is it, what, what is the purpose that we got to a point, at least in this country, where the reason that people go to college is to pay a lot of money for a piece of paper, not because of what they're learning. A lot of kids go to school and we can see them, they just haven't learned anything. You know, they don't know basic history. They definitely don't know basic economics. They don't know how, you know, how to. How to really function in society. They know how to party, though. That's, you know, for sure. Most of the schools kids go and they, you know, definitely party. And I, you know, there's other ways to really spend time and money. And Jacob's Ladder, you know, brought this up and just gonna quickly, you know, play something from Charlie Kirk. I'm not sure why it's not letting me add this to the show. I don't know why I can't add your comment. So bizarre. I'm going to read your comment because it won't let me add your comment for some reason. But to read your comment says, I have two sons. One went to trade school for H Vac, the other to college for computer science. Guess who's employed and making a very good living? I would say probably your son that went for H vac. All right? And H vac is 100 needed in both commercial and residential. Big commercial projects. Need for sure, need H Vac. You know, I went to college. Look at that. I got crashed out. They shut me down. It Was an Internet related issue. It says connection is unstable all of a sudden. I, I don't know, but we're, we're kind of at that moment. Hopefully you guys can still hear me. I can see you guys still here. I kicked myself out. Like the Internet kicked me out. Let me make sure the giveaway tool is still good. Yeah, they give. I've only got 14 entries. But anyhow, let me, let me put this up. I guess we don't even have to put up the Charlie Kirk thing. We kind of talked about it. We mentioned it, you know, really talked. I'm unstable and that's why I couldn't post anything. But Zober's saying, is America the world's only hope through capitalism or is. What's the answer control always be the goal? I would say so far, you know, capitalism is critical. I would say the United States, America, you know, serves as a bastion of free freedom. Hey, today is not, we're not doing YETI today, but we are doing land. So definitely type in land. Land is the word. Mike Morassos was able to retire early from the pipe fitters. Most work was nuclear plants. There you go. I mean, I think there's, I mean if there were a skill that. There are a couple of skills I would definitely want to learn. You know, one of them would be electric. And I look at, you know, my dad, my grandfather was an electrician. So my dad somehow was able to, you know, work with him and learned a lot of like, you know, he has no fear whatsoever around electricity. I would love that. And then the other thing is I look at one of my bathrooms downstairs and I want to remodel the bathroom. Like, you know what, some of the tiles, we had some water issue, so I went through and I had to pull some of the, some of the tiles. I had to redo the Sheetrock and it was cement board, so I had to redo the cement board. And I'm like, screw it, I'm gonna figure this out. And did it. So I figured that out. What I want to be able to do is tear out the entire bathroom and redo it by myself. That would be like the ideal. Be able to do the electric, be able to do the plumbing, be able to do everything all by myself. I was talking to my dad about that too. Now I've got a friend that owns a tile company. Then he does amazing tile work. Another friend that up, he was a plumber up in Michigan. Ended up going to work for Chrysler on the line also. You know, then he wanted to skill trade working with Chrysler. I have a number of friends that kind of went that skill trade route over there. But down here, that to me is. Is key. I look at H Vac, if you can do anything in and around, you know, H Vac, Electric, there's. There's obviously more, you know, you know, any of those type that it's just. It's always needed that. I guess that's the point. No, mute. You now have AI Chat GPT will show you how to remodel. Exactly. Well, it's crazy, you know. So the whole thing with chat GPT, when I had to, you know, figure out the whole thing with the cement port, and then I was looking at all the components, I put on chat GPT, the real time mode. As I was walking down the aisle. I said, I think this is what I want them trying to decide by between these two items. What do you think? And I'm having a conversation with chat GBT and settled on one item because of how he, you know, explained it, which was really crazy. Awesome. 247 Plumbing Service by Jeff. Right there. There you go. Here we go. Here's the plumbing, ac, electrical, masonry. That's it right there. Yep, exactly. So awesome. All right, let's. Let me throw up this. That. Yeah. You guys know that Al Gore invented the Internet. Course he did. Way back Alar. Putting mental and environmental since 1973. Man, that guy was a nut job too. Yeah. Okay, let's. Let me play this song one more time. Let me see how many lands we've got. We've only got 16 entries, which is, you know, I know I threw you guys off a little bit. Then we got kicked out a little bit. So I completely. My ex never came back. My ex is. Says it's there, but we lost a bunch of people off of YouTube. But anyhow, let me play this song, then we'll do the drawing and then we'll get out of here. So here we go. Are you ready to win some land?
Narrator
Hillside city rises through the haze Steel shadows and stories waiting to unfold Cold expectral land is more than space It's a claim of presence, a future Every plot whisper something different so let go Silence Sunscreen potential the word of the.
Jeff
Day.
Narrator
Is land it's the beginning of what comes next get ready, expect Watching get ready expect.
Jeff
And there you go. There you have it. That was pretty sweet. All right. Love it. 80s hair metal vibe. It's pretty cool. Yeah, that's right. All right. Oh, yeah, it does work just like the Yetis. You need Your Zomin wallet. Same drill, same everything. Nothing has changed. It's the same. It's sitting there in the XRP cafe. It's right here. Let me show it to you. Right before we throw this. Any crypto. Eddie, what is going on? Good to see you here. Right at the end. That was hard hitting. I like putting up some hard hitting songs right at the get people wide awake. So here, let me pull this up. This is over in the X factor. We're going to give this track a land away. So just one more time, let you guys see it. Zone 5 parcel 5 number of plots for. This is our last piece of land that we have from Expector to give away. And so here we go. So let's. Let's do the drawing. Let me move the drawing. Tool over still says that we only have 16. Let me do a refresh on it. Let's see when I got cut out. Oh, yes, I gotta redo it. So it did cut me out. Let me see. Start collecting comments. Oh, no. How did we lose comments? How do we lose people? Now it's saying eight and it was 16 before nine. There we go. All right. Hopefully it's going to start accumulating, but I lost a whole bunch. It was definitely everyone type in land real quick. There we go. Everybody type in land so we can give this piece of land away. We were. And it was definitely more than 16 and then. But if everyone types it again and then we're going to give this drawing away. So we give it away. This expect our land. There we go. 12. Give it. Give it a another minute before we roll out and do the drawing on this one. Al Gore definitely rigged it. He rigged it with the. The hanging chads. You guys remember the hanging chads back in the day? That was embarrassing for Florida. Florida went from embarrassing to being the beacon of freedom of the free world in this country. So think about that when you think about the hanging chads. All right, let's get some. I don't. I don't have a badass Spectre land. So I'm gonna put on our music. I'll. I'll let that roll. So we can. Even though we're not giving away a badass yeti today, this is on the chain and we are. Oh, you voted in that precinct. Yes. There you go. Osmond has opened up a plumbing shop on that land in Expector. So just in case there's a plumbing need over there, then that's how it's gonna roll. So here we go. All right. There's only 14 in here. I'm gonna hit draw because I know I lost some of you guys unfortunately when I got kicked out. So we're gonna roll. Here we go. Here it goes. And it is. Chris, no. Oh, Jeff Rome. It was hanging. Did you see that? I thought there was going to be some winners. Like, it hesitated on a couple of them. And Jeff Rome is the big winner. I wonder what the property taxes are going to be for you guys over there in Hillside City on this new land. There you go. Jeff Rome, the big winner. You know the. You know the drill. We need your Z wallet address, and I also need your X. Look at that. Okay, where does. Where does it start? Can you post that one more time, Jeff? There's a whole bunch of letters. Is that really the whole thing? Is that rattos? And it ends with Uger. Let me know if that was it. That was definitely potentially rigged on that one. But let me know if. Jeff Rome, if that is your. Indeed your. That is it. That's a. I've never seen that type of address. So let me go. All right, so I'm going to pull this up. Hang on a minute. I gotta get. I have to go into YouTube. Hang a second. You go view on YouTube while we're trying to pull this stuff together. But you're going to get this. Hillside City. Here we go. Okay. This thing starts playing commercials as soon as I try to log in to our own show. All right, let me. Whoops. No. Oh, it almost. Let me copy it. And then. And then also, Jeff, also your. Your X handle would be. Would be great. All right, so let's try to send this over to you. There we go. All right, Jeff, that's all good. I'm going to send this to you in a minute. And then once I send it to you. So let me see here. Once I send it to you, go over to the XRP Cafe, or you'll even see your Zaman wallet. Say, hey, you've got. You've got something being sent to you, and you have to accept it. So I'm going to send this bad boy over to you here. In one second, I'm sliding to accept the transfer. And then once you get it, if you go to XRP Cafe, you can. You can get it right away. Just connect your Zaman wallet to the XRP Cafe and claim it, and that's it. You are now the proud owner of this land. So I've never seen that before. That's the craziest thing. And it was a legit address, too. Isn't that strange? And off it went. I sent is gone right to your zombie wallet. So it is now yours. And go check it out. Make sure you got it. Throw in Jeff. If you have an X handle, make sure you send that as well just so I can grab it and I can give a quick shout out. I can let Expector know that you're the one who won as well. So that would be very cool. Okay. Look at that. Weeks. Weeks. So there we go. There we have it. We went through tarp Marks, man. I used to run a whole bunch of solo shows. Appreciate that. And Chip runs a bunch of solo shows. You know, it's. It's. It's hard to do. That's why we always enjoy doing the show together. Because you can focus on different things that are happening versus you're trying to now focus on everything happening at all times. So you have our. We have our articles. Gotta find those. And then if we're going to do a giveaway like this and you know, try to read the comments and so it's always a lot of fun. And then when I. You drop out. You know, when I. When I got kicked out because of whatever reason. But appreciate you guys for being here. It was enjoyable. It was fun as usual. Let me go to the live chat and see if Jeff had posted. Jeff Rome, if you post your. Anybody else see his X handle in here? I did not see it. Maybe you don't have one. If not, I am going to Mike you see 400 but it won't let you. I don't know if I can send it again. I think once you have it, I think that's it. I don't think I can resend. Let me Look. But number 400 is sitting here. I think we still have one from Zed that couldn't transfer either. But definitely number 400. Let me go back and double check on the mentalist. Number 400. Number 400 is still sitting here. Yeah, it's right here. But it actually I. Yeah, it's still. It still are. So I can transfer it. There's no clawback. But he never got it. So I going to hit transfer since we still own it. Let me look. What happened to going to go through this and then I'm going to sign off here in one minute. But while I've got this. Roland, we're going to do this stuff live. This is like giveaway 101. Keeping track of who you gave everything to, making sure you have the list, making sure that you know who's Went to whom? This was a Blue Tribe Yeti. This is one of the mentalists. That is still. So I'm going to go to number 400 and this goes back. Let's see. So it's good because I see it come up. I'll do my search. This was in May. So Mike, when I did the transfer back in May, let's see if I can. I'm going to do the transfer again. So I'm transferring this bad boy to you again. We might end up putting a time limit on these. Do like a 30 day time limit or something. We'll have it timed out. There you go, Mike. I'm. I'm resending this thing to you. So let's see. Let me know if you get it. It's transferring. It's been submitted. It's been authorized. Submitted successfully. This is time number two that we sent this bad boy over to. So check it out. Go check out your, your wallet. Make sure that you got. I love that one too, man. This one. Badass yenni. Number 400 is kickass. I'll tell you. It's just really, really kickass. This is the one. XRP Cafe is a cbdc. It's a central bank. Digital currency. What? It's centralized. There it is right there. Look at that Badass Yeti. That was Mike Roth won that bad boy. I like that one. That was a nice one. That's it. It's whiskey time. No more redraw. Everything's been given away and that's it. There you go. Making a list. Checking it twice. I did. I missed my Santa calling. We got the gift. We keep your gift on layaway. We keep your NFTs on layaway here on the chain. Badass Yetis. But anyhow, that's it. That's all I got. We'll see you guys back here Wednesday night. We'll see you guys back here Wednesday night. 8:00pm Eastern Standard Time. You guys have the. Enjoy the rest of your weekend here and we'll check you guys out on the next one. I am out of here. Maybe. Oh, you know what? I got the outro built in, so I'm out. See you guys. Are you down with otc? 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Podcast Summary: On The Chain - Episode: "XRP & Banks | Trump Delivers, Emmer Moves, Tulsi Exposes the Deep State"
Release Date: July 21, 2025
Host: Jeff Sutton
Platform: On The Chain YouTube Channels
Follow on Twitter: @on_the_chain
[00:03] Jeff:
[09:31] Tom Emmer's Commentary:
[10:42] Jeff's Analysis:
Community Insights:
[25:24] Tom Emmer:
[26:06] Jeff:
[38:59] Kraken CEO Interview:
Jeff's Commentary:
[51:28] Tulsi Gabbard's Commentary:
[52:48] Jeff's Reflections:
[40:01 & 66:44] Narrator's Announcement:
[67:19 - 67:46] Jeff:
Final Giveaway Note:
Jeff on Regulatory Clarity:
[10:42] "We have to have clear rules and guidance, especially when it comes to central bank digital currencies. We don't want that to get any type of control."
Tom Emmer on Making America the Crypto Capital:
[09:31] "This week we are delivering on President Trump's promise to make America the crypto capital of the world."
Tulsi Gabbard on CBDCs as Surveillance Tools:
[25:24] "A CBDC would be nothing more than a surveillance tool that could threaten our very way of life."
Jeff on Trade Skills vs. Traditional Education:
[51:28] "Most of the schools kids go to, they just haven't learned anything. They don't know basic history. They definitely don't know basic economics."
Community Member on H Vac Importance:
[Last Segment] "I have two sons. One went to trade school for HVAC, the other to college for computer science. Guess who's employed and making a very good living?"
Regulatory Momentum: The podcast highlights a significant shift towards clearer regulations in the cryptocurrency space, driven by legislative efforts and political support, particularly from figures like Congressman Tom Emmer and former President Trump.
CBDC Opposition: A strong sentiment against Central Bank Digital Currencies (CBDCs) is evident, with concerns about privacy, governmental control, and economic freedoms being central to the discussion. The Anti-CBDC Surveillance State Act emerges as a focal point in this resistance.
Banking Integration: Traditional financial institutions are increasingly embracing cryptocurrency, indicating a blending of old and new financial paradigms. This integration is seen as both an opportunity and a challenge, requiring careful navigation of regulatory landscapes.
Political Influence: The interplay between politics and cryptocurrency regulation is profound, with statements from political figures like Tulsi Gabbard and ongoing legislative battles shaping the future of digital assets.
Community Engagement: Active listener participation, through segments like NFT giveaways and interactive discussions, underscores the community-driven nature of "On The Chain." This engagement fosters a sense of involvement and investment in the podcast's content and broader crypto movements.
Economic Policy Critique: The podcast critiques current taxation and economic policies, advocating for alternative systems like flat consumption taxes and highlighting the benefits of trade skills over traditional higher education pathways.
Technological Integration: Discussions around blockchain technology's potential applications, including secure voting systems and transparent financial transactions, emphasize the transformative power of blockchain beyond just cryptocurrency.
Final Note:
"On The Chain" continues to be a pivotal platform for cryptocurrency enthusiasts, providing in-depth analysis, community engagement, and unwavering focus on XRP and blockchain innovations. Stay tuned for future episodes that promise to delve even deeper into the evolving world of digital assets.