On The Chain - Blockchain and Cryptocurrency News + Opinion

Episode: XRP BOMBSHELL! SEC vs. Ripple Case Nearing End – What’s Next?
Release Date: March 13, 2025
Host/Authors: Jeff and Chip
Podcast Description: On The Chain delivers high-quality, fact-based content on Blockchain and Digital Assets, with a focus on XRP, catering to both newcomers and veterans in the space.

1. Introduction and Main Topic: SEC vs. Ripple Case

Timestamp: [00:01] - [11:02]

Jeff kicks off the episode with enthusiasm, highlighting the significant development in the long-running SEC vs. Ripple case. He announces, “Tonight is the XRP bombshell. We need some sound effect there. Bombshell. The SEC versus Ripple case. Guess what? It's coming to an end. Almost. What is next? There we go. Boom. Boom.” [00:01]

Chip echoes the excitement with a “Boom, baby, boom.” [00:46] The hosts delve into the implications of the case nearing its conclusion, setting the stage for an insightful discussion on what’s next for Ripple and XRP.

2. Quantum Summit Recap

Timestamp: [00:46] - [05:36]

Jeff and Chip recount their experiences from the recent Quantum Summit, emphasizing the diverse and eclectic crowd that attended. Jeff mentions meeting both old and new faces, including notable individuals like Jim D. and Chad Nauseam.

Jeff: “It was really great seeing how many passionate people had shown up, you know, for the event.” [04:28]

Chip highlights the mix of topics discussed at the summit, from aliens and politics to XRP and health, showcasing the broad interest in blockchain technologies. They also reminisce about panel discussions with Arizona Senator Mark Fincham and Rep. Biascucci, praising their leadership and legislative contributions.

3. Eleanor Terrett’s Transition to Crypto America

Timestamp: [08:02] - [10:53]

A significant portion of the episode focuses on Eleanor Terrett’s career move from Fox Business to hosting a new podcast, Crypto America, which will feature conversations with key players in crypto policy in the U.S.

Chip: “After nine incredible years at Fox Business, Ellie Terrett is moving on. She's accepted an offer to hope host Crypto America...” [08:02]

Eleanor expresses her gratitude and excitement for the new venture, stating, “I'm excited for this next chapter of my career. It's just the beginning.” [09:30]

Jeff and Chip congratulate her, with Chip noting, “She's already pinning for guests. Make a great episode. What do you think, cz? Congratulations, Eleanor.” [09:35]

4. XRP and Blockchain Developments

Timestamp: [11:00] - [22:32]

The hosts shift focus to recent developments in the XRP ecosystem. They discuss the anticipation surrounding the SEC vs. Ripple case and its potential outcomes. Chip introduces reports from Ellie Terrett about the case potentially wrapping up soon, citing sources that suggest the SEC might be reconsidering its stance under new leadership.

Eleanor Terrett's Report:

• The SEC vs. Ripple case may conclude shortly as Ripple’s legal team negotiates more favorable terms.
• A permanent injunction preventing Ripple from selling XRP to institutional investors is a significant hurdle.
• Ellie Terrett: “Her reporting is not a theory. It's what I've been told by my sources.” [07:55]

They explore the possibility of Ripple negotiating to vacate some of Judge Torres's decisions, pondering the future implications for XRP’s market position and institutional acceptance.

Discussion Highlights:

• The potential for Ripple to regain the ability to sell XRP to institutions.
• The impact of regulatory clarity on Ripple and the broader cryptocurrency market.
• Jeff: “Ripple can move huge amounts of value and money on a global scale.” [22:32]

5. Bitcoin Act of 2025

Timestamp: [32:15] - [40:05]

A pivotal segment features a simulated announcement by Congressman Nick Begich introducing the Bitcoin Act of 2025. This legislation aims to establish a strategic Bitcoin reserve for the United States, positioning Bitcoin as a cornerstone of financial sovereignty and economic resilience.

Key Points from the Act:

• Strategic Bitcoin Reserve: Acquisition of 1 million Bitcoins over five years without using taxpayer dollars.
• Purpose: To complement gold reserves, enhance national security, and bolster the U.S. economy.
• Safeguards: Proof of reserve system, oversight by the Comptroller General, and a 20-year holding period to prevent political manipulation.

Chip: “There it is. What do you think about that?” [40:05]

Jeff reflects on the significance of the act, emphasizing the need for regulatory frameworks to foster crypto development in the U.S., thereby enabling projects to scale domestically rather than relying on foreign exchanges.

Jeff: “We're just scratching the surface. All this time, Chip, I feel like we've been crawling, we're just now reaching the toddler phase where the market's actually starting to walk and run as a toddler.” [23:57]

6. ETF Speculations and BlackRock

Timestamp: [30:48] - [32:15]

The conversation shifts to the speculation surrounding ETF filings, particularly the anticipation of BlackRock's entry into the XRP ETF space. Both hosts discuss the potential market impact and the broader acceptance of XRP as a mainstream investment vehicle.

Chip: “But everybody's thinking BlackRock is gonna jump in. We'll see what happens.” [31:53]

They play a video highlighting the buzz around upcoming ETF applications, noting the excitement and uncertainty among XRP holders and investors.

7. Government and Legislation Updates

Timestamp: [24:31] - [35:27]

Jeff and Chip discuss recent legislative efforts opposing Central Bank Digital Currencies (CBDCs) while supporting stablecoin technology. They review Eleanor Terrett's advocacy for the Anti CBDC Surveillance State Act, aimed at preventing the U.S. government from issuing a CBDC that could infringe on financial privacy and autonomy.

Eleanor Terrett: “CBDCs introduce significant privacy risks and are fundamentally the antithesis of American values.” [25:45]

Discussion Highlights:

• The necessity of protecting financial freedoms against potential government overreach.
• The role of private sector innovation in driving financial technology.
• Chip: “It was really a lot of fun… some cool vendors there too. So I think we're going to pull some cool guests in that we met.” [05:36]

8. Listener Interactions and Giveaways

Timestamp: [16:31] - [66:33]

Throughout the episode, Jeff and Chip engage with their audience through live interactions and giveaways. They host an NFT giveaway, encouraging listeners to participate and win a Badass Yeti NFT. The segment includes humorous exchanges and attempts to draw a winner live on air.

Chip: “We are giving away a mentalist today. So Mentalist from the badass yetis of the blue tribe clan.” [17:05]
Jeff: “It's a badass yeti. Ready? We're gonna draw again. Ready?” [62:32]

The hosts navigate technical glitches while maintaining a lively and entertaining atmosphere, reinforcing the community-driven spirit of the podcast.

9. Closing Remarks and Additional Banter

Timestamp: [66:33] - [69:40]

As the episode draws to a close, Jeff and Chip engage in light-hearted banter about pop culture references, including the alien-like Bin Chicken Muppets and nostalgic mentions of Fraggle Rock. They reflect on political commentary, express excitement for upcoming events like the Miami Open, and conclude with announcements for future episodes.

Chip: “That's all we have. We'll be back on Saturday morning.” [69:07]
Jeff: “You guys keep giving this wage week, I'm gonna be out by the end of the summer.” [65:35]

The hosts maintain their signature blend of informative content and playful interaction, leaving listeners eagerly anticipating the next episode.

Notable Quotes

• Jeff on SEC vs. Ripple Case:

  “Tonight is the XRP bombshell. We need some sound effect there. Bombshell. The SEC versus Ripple case. Guess what? It's coming to an end. Almost. What is next? There we go. Boom. Boom.” [00:01]

• Chip on Eleanor Terrett’s Reporting:

  “She said just to note to everybody flipping out that I use word theory. My reporting is not a theory. It's what I've been told by my sources.” [08:02]

• Jeff on Bitcoin Act:

  “The Bitcoin act of 2025 is a commitment to securing America's economic future. It ensures that we will lead the digital financial revolution rather than fall behind.” [35:10]

• Chip on Anti CBDC Legislation:

  “CBDC technology is inherently un American and I'm grateful to President Trump for understanding this and signing an executive order banning CBDCs as one of his first actions as president.” [25:45]

Conclusion

In this episode of On The Chain, Jeff and Chip navigate through pivotal developments in the cryptocurrency landscape, focusing primarily on the nearing end of the SEC vs. Ripple case and its implications for XRP. Their insights into legislative efforts to counteract CBDCs while promoting stablecoin technology showcase the dynamic interplay between regulation and innovation in the crypto space. Additionally, the hosts' engaging recount of the Quantum Summit, Eleanor Terrett's career move, and interactive listener segments underscore the podcast’s commitment to fostering a knowledgeable and vibrant community. Whether you're a novice or a veteran in blockchain and cryptocurrency, this episode offers a comprehensive overview of the current trends and future directions shaping the digital asset ecosystem.