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Jeff
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 world, you know who you are. You know the thing, Chip, I'll tell you what is. Here's the big question. Is XRP set to explode in June? Are all the stats stacking up to make that happen? Ripple's prime broker deal, it's pretty big. We're going to get into it, talk about it. And what is XSGD and why did it just go live now? June could very well be a breakout for XRP with Ripple acquiring global prime broker Hidden Road and the launch of X sgd. We got to talk about that. That's a regulated stablecoin. We'll dig into that, talk about what that's about. And there's still an ETF speculation. Super bullish. Bullish. Super bullish. All signs point to major momentum. I'm looking forward to. To an XRP etf. I'll tell you what, we're going to break it down. And Chip, Tom Emmer, you know Tom Emmer. If you guys haven't seen them before, go to on the Chain IO and do a search for Tom Emmer. You'll find the interview we did with him, he reintroduced the Blockchain Regulatory Certainty act, or burka Breca brca. We're going to talk about that. That solidifies the digital asset developers and service providers that do not Custody consumer funds are not money transmitters. Chip, there's a lot of stuff that we're going to dig into and talk about tonight. Those are the highlights. Tune in. Stay.
Chip
And also we have Trump talking with the South African president today in the Oval Office. And that was somewhat of a scene. So let's talk about that. Let's go.
Jeff
Yeah, break good times.
Chip
Just don't sing it. Don't sing it. Oh, we did it. Celebration. Some celebration. Hey, pals and palettes, says Vince Gully. How's rolling? Or it says roll it. He says roll it already. Roll it, roll it. Celebrate good times. Rigged yeti already. Dude, we haven't even started. Ice, ice, baby.
Jeff
Geez, did we start it?
Chip
Nice. Ice, baby. Ice, ice, baby. I love it. Rigged yet I Yeti the rigged yet high. It's all rigged stuff. It's all rigged. Well, we are at that time. What do you call it, this hump week? Mike, Mike, Mike, Mike, Mike.
Jeff
Is it Wednesday?
Chip
Mike, Mike, you know, you know, you know what day it is, Mike.
Jeff
It is.
Chip
It's Trump day. I mean, hump day. I mean Trump day. There it is. So here it is. Ripple put out this post on AXI and xsgd. Those are like the worst four letters you could put together in a row because they're almost impossible to say. XSGD access GD Sounds like they. I'm not gonna say it.
Jeff
Don't say it.
Chip
G Damn. Excess gd. I think if you break it in pairs it's easier. Excess and GD xsgd.
Jeff
But to try to say that XSGD is part of the judicial system, it's.
Chip
Not live on the XRP ledger straits. If you don't know who straits is, they are a.
Jeff
What are they?
Chip
They're a payment infrastructure for digital assets someplace. And they brought the regulated SDG backed stablecoin to the blockchain built for real time payments and tokenization. So from payments to tokenized assets, learn how access GD locks the movement across Asia. And here it is right here. You see, there it is. They put up a whole little blog post about it. This is out of Singapore. Southeast Asia's leading digital payment infrastructure provider today announced the launch of its Singapore dollar backed stablecoin on the XRP ledger. Which is cool. Is. Well, this would be the second one. They did a pilot before with another country. Was that little tiny island country in the middle of the Pacific. What was it? What was that? Which one was that? Remember they did a stable coin or.
Jeff
I, I do remember, but that was.
Chip
Back to the dollar. This might be the very first. You know, outside of the United, you know the USD.
Jeff
Which island was it? The Bahamas. Did the, the shell.
Chip
No, this was the one that was done on the XRP ledger. Somebody remember?
Jeff
Yeah, I can't remember.
Chip
I don't remember the name. It's a little Vanuatu I think it was. Maybe it's come and gone Vanuatu. It was one of those, it was one of those little island nations. But they did like. It was really weird. It lasted for like a, like a New York minute. It was. It was done and over with. But this is the first one. I think this is like back to the single poor dollar back stable coin first one. I think it might be the very first one on the XRP ledger outside of a USD backed one. This it says the deployment marks the first phase of a broader collaboration with Ripple, a contributor to the XRP ledger, a global leader in enterprise blockchain and crypt solution. Now the initiative is all about accelerating the adoption of regular stable coins across open, interoperable and institutional grade financial systems. So by introducing the excess GD to the XRPL Straights X expands access to fully regulated programmable digital Singapore dollar on a public blockchain purpose built for large scale tokenization of both crypto native and real world assets. I mean finally they made a right choice of putting it in the right place. Developers and fintechs and financial institutions can now leverage excess GD for real time cross border payments on the on chain settlement and programmable financial flows. So it's all about that.
Jeff
And the thing is as you, as you put it on the xrpl you actually don't need XRP in order to, to utilize the XRPL so you can have this stable coin. You can use the technology, maybe eventually they'll introduce smart contracts along with it and that's where maybe there'll be some reasoning to burn asset or hold an asset. Things are, things are starting to heat up on the XRPL and that's what we're seeing. The more I hear about the stable coin presence on the XRPL chip and the more I see the utility of it on chain settlement programmable financial flows, you know, cross border payments, all the things that people thought that XRP was going to be, it's, it actually makes more sense for it to be a stable coin than it does to be xrp. XRP just like every other asset has ups and downs. Stable coins are stable it's value and people and well financial institutions can expect dollar for dollar without any type of fluctuation and you don't have to have an exchange to make it happen. However, that being said, the other technology behind it, when you start tokenizing real world asset and you start doing any type of smart contract that's where you know, spinning up or having presence for you know, a certain asset, you know, starts to make a lot of sense within the overall ecosystem. Similar to like an ethereum ecosystem with smart contract and all the building that went on within that ecosystem. We're just, we're barely scratching the surface.
Chip
On there it is. So Art corrected us, it is not Vanuatu, it is Palau. But there's the only two, two ones that I knew those island nations only because they're on Survivor when I used to watch it. So there you go. Thanks for that. We have the smartest people out there. They looked it up. Cross border commerce in Asia expected to surpass 4 trillion USD by 2030. And they're all predicting how big it's going to be. Could actually even be bigger. That's, I mean that's cross border commerce. But then when you factor in the Tokenization that's even bigger. So issued by major payment institutions licensed by the Monterey Authority of Singapore. We talked about mass before they were early in, in the regulation game, very early. So it's kind of cool that they didn't have to worry about any sort of beat back because they've already got pretty good regulation there. It's fully backed one to one by reserves held by DBS bank and Standard Chartered. Because that's like the next question. It's like okay so it's backed by the Singapore, but who's the one that's actually holding the reserves? And I, you know, very transparent here. Offers trust and utility. Through the Straits X program, users can seamlessly mint, redeem and integrate excess GD into decentralized applications and wallets, further supporting the development of secure interoperable payment systems which is fantastic. Let's see. It's pretty much it. I mean everything else is just the normal stuff we all know and love.
Jeff
Like it. Yeah, it's very cool but it's cool.
Chip
It's cool to see this development that it's the first outside of the, of the stable coin that's not backed by USD and it's cool that it's Singapore.
Jeff
And look at this. XSGD already available on Arbitrum, Avalanche, Ethereum, Polygon, Hedera and Zilliqa.
Chip
Zilliqa. Yeah, nice.
Jeff
So we're talking about you know, cross SSG denominated payments across both retail and institutional grade infrastructure. So we're starting to see seamless integration of the blockchain tech into real world use case. It just isn't happening in the US yet. Stay tuned, wait till 2026.
Chip
There we go. And some news update. Mark Smithson reports that the Northbound lanes of I75 after I96 in Wayne county have reopened after a following a crash. Thank you for that Joe buddy.
Jeff
And in sport news and in sport news tonight or today, Tottenham took Manchester United one zero. You know for, for the European. What would it be the European championship? Panthers. Panthers yesterday took took on Carolina with a 5 to 2 win. So now they're 10 up in the, in the series. So it was, it was such a great game yesterday. Panthers came out dominating so. And that was it at home for Carolina. So now tomorrow night another one with Carolina. That's gonna be exciting to watch and you know Panthers might crush them again. We'll see what happens.
Chip
I hope so.
Jeff
Yeah. Be very.
Chip
You see him win the cup again, man. Nobody says what happens when both Blackrock and Strategy begin selling their Bitcoin. At the end of the bull run, there'll be so much damn bitcoin available all at the same time. It's going to be a sight to see. Ah, maybe. I mean, I don't know. I don't know. That strategy sells. I mean, Sailor does seems pretty convinced he's gonna like, he's gonna keep stack until he dies. He probably has a plan after he's dead to stack even more bitcoin. I mean, the guy's a little bit out there, man.
Jeff
That's right.
Chip
Vince Gully says. I don't think people really understand how big a deal Singapore is. It's the financial hub of Southeast Asia. Also a really cool, beautiful city state. Yeah, that's what I've heard too. Super clean. Great. But also, you know, it is. It is like the financial hub. It's kind of like what in. In Europe where you have, you know, the. In England there. So it's. Yeah, it's. It is a big deal.
Jeff
Justin totaled his car on the way to work this morning, dude. He's looking for crypto.
Chip
Sorry to hear that. I hope you're all right, man. How did you do that? What happened? How did that happen, man?
Jeff
It's a brutal experience.
Chip
Geez. Are you all right, dude? I mean, let's find out. Let's get some. We need some details, man.
Jeff
Messed up his real. You walked away. That's. You're right. A car is down 100 replaceable. Make sure you get some good therapy for the wrist. If you can find somewhere, someone in your area that does shockwave therapy, go get some shockwave therapy on your wrist. It'll help the healing process significantly.
Chip
Did you know Jeff was in the medical field? Sales field. Knows a lot about these machines. Yeah. Good to hear you're okay, Justin, man. I mean, I hope everything. Hope nobody else was hurt. Hope it was. I don't know what happened? An accident? Were there other cars involved? Was it some. Somebody run you off the road? What happened? I mean, kind of. That sucks as marks. Hang in there. Yeah, we. We got this one here. South African president. Got Kurt stamped. Yeah, we got this one as well. Yeah, there's. That was quite the display today. Get some X39. There you go. Listen to Art. He knows a thing or two about. About healing and. And items and. Yeah, we got to meet. We got to meet him down at the. At the Quantum Summit down there in south. Or. What's that on the Gulf Coast? What is it? No, it's Space Coast. That's what it is. Space Coast. It was back in March. Seems like forever ago, but it was back in March already.
Jeff
It wasn't that long ago. It's like a month and a half ago.
Chip
So this is interesting. You know, you know a Cynthia Llamas who try to give her the benefit of the doubt, but she's just been nothing but a bitcoin maxi. She's just an asshole.
Jeff
There's no way. You can't. There's no benefit of the doubt.
Chip
She's an ass hat. And Mickel picked. Mickel pinged me the other day. He's like, dude, you guys brought me on the show when I started giving her, I said, well, dude, we had hope. You know, it was early in days. I go, you know, I was pretty hopeful. But no, I'm not giving her a pass now because you guys brought me on the show just to talk about that. I'm like, look, we had hope. We. We thought that she would. But no, she's not getting a pass. So our buddy, cowboy Crypto, who's awesome and always shows off amazing pictures of his farm and his horses and all kinds of cool stuff, he put this out. He said, hey, Brad Garlinghouse, look, look into Will Cole, who is Senator Lummis's son in law. He's been reposting peers. You know that guy, Peer? Bitcoin Peer. That goofy dude dig on you. He's the head of product for BTC Payments company and hate seeing Ripple do. Well, now we know why Lummis won't meet with you. So what happened? The backstory here is that Brad Garlinghouse had a in person. He was going to D.C. for an in person meeting. Cynthia Lummis canceled it and her staff said they won't reschedule it. Pretty stupid. So she's been getting all kinds of rain down hell that's so low.
Jeff
It's so little you know to do something like that, right?
Chip
She represents all of of the US So here it is right here. Will Cole reposted this when he said headed to D.C. to champion sensible crypto legislation around stable coins. Let's do this. And market structure. And I'm very encouraged to see our elected officials took look at crypto as it should be. That said, Senator Lummis, chair of the digital assets subcommittee, canceled the meeting with me and won't reschedule. As a leader in Congress and senator from one of the most crypto friendly states, Wyoming, I hope you will reconsider and be a leader for all of crypto. I invite you to join me on an X space, anytime. Or a live conversation on stage at one of the many events we cross paths at to talk about how to make the US the crypto capital of the world, as is the goal of the Trump administration. I will continue to do everything possible to support that goal. And of course, Will Cole had retweeted that. And then this is the goofball here, by the way. Some people a little bit, by the way. So this one, this dude right here, this guy is always hating on XRP and gets a lot of incoming. Someone called him the TEMU Michael Sailor. I was like, it must be the best comment ever. He says, you ruined your reputation and lost all credibility by pushing CBDCs against Bitcoin and against Bitcoin. Nobody takes you seriously anymore. Yeah, okay, okay. Temu Michael Sailor.
Jeff
Sure.
Chip
Pierre Rochard. And then someone pointed out that his stock has been flatlined for forever. And his company is like. Stock is just like. It's a line on the very bottom. You know, the chart goes up a little bit and. And it rides the bottom. So there, there's that bit of it. And interestingly enough, Brad Garlinghouse chimed in on this. He said, hey, thanks for this info. Certainly enlightening that Will Cole is related to Senator Lummis. I understand that things happen in senator's day that forced their schedules to change, but for a congressional staff to say, unable to reschedule, it's troubling, especially when we'd been to meet with her one on one in six years. So we're an American company looking to grow the crypto economy in the US to benefit all Americans. I really have to wonder if this was Senator Lummis or someone else on her staff making this decision. So.
Jeff
And that's. And that's possible too. You never know. You know, you have. They have all the staffers. Staffers might have some other hidden agenda. Might not even get to the senator. She might not even know. She's not necessarily calling the shots for every single meeting that gets stacked up and who knows what happened, you know, and from that perspective, it's hard to get through the fact that he's able to use a platform like this. The caller out and say they've been trying to get a meeting for six years. Six years. One of the larger crypto companies in the United States working with institutional financial comp or financial institution companies, and she won't sit down and have a meet. Is that. It? Just. It's just crazy to me. And she's been instrumental on different crypto asset bills that Are, you know, very bit bitcoin centric. But I think Chip, back in the beginning, you know, we saw them, I think there might have been a little flack. But very quickly with Lummis, we went after and, and called her out.
Chip
Well, I don't, I don't think there's.
Jeff
Much of a gap.
Chip
She said Gary was doing a great job. Remember that interview we played here? Right. Yeah.
Jeff
Gary was doing a great job and she was all bitcoin centric. It was that whole inter. Interview and it was just. And we called her out, we said. And that was the end. That was, that was pretty much the end of any support for, for Lummis. And ever since then, she's just been on the, on the losing side.
Chip
She's a man, baby.
Jeff
It's, it's just so crazy. She just refuses. But th, but this takes it to a whole different level. You know, if she's not willing to legitimately, you know, have a, a sit down conversation and whether she's in bed with bankers or not, you know, I think it's an obligation, you know, to the American people. Even though she doesn't represent, she represents her own state, but still as a senator getting ready to vote on a bill that is instrumental for, that's impactful for the whole country, she better have a sit down with, with somebody in the, in the, in the industry. You know, it's just, it's absolutely outstanding.
Chip
Dark Horse chimed in here and believe me, I haven't, I have enough run ins with Dark Horse. I mean a lot of stuff, I like that he does a lot of stuff. He says that I challenge advice, but he's, he's a voice that, you know, he says like you didn't know this information already. You're part of the crypto pack. Gave $25 million and I saw that in the comments as well. To the lobby to, to lobby the correct people for the last election. Like her son being part of the bt, swell son in law being part of the BTC company wouldn't been flagged for a potential candidate. Oh wait, she was on the front cover of the super pack. I'll leave it here. Remember, she was on this was the GOP Super Cryptos packs lunch this weekend. And then there was ripple drops. Another 25 million in a crypto pack to sway. Look, the bottom line is I understand she's. I'm not the enemy of bitcoin and ever have been. I hold bitcoin and I am bullish. As I said in your podcast and oh good morning to you also that was responding to your boy palm Anthony. He's kind of grown up a little bit. He doesn't say it's your boy pump which is great when you're like in your 20s but like when you're like 40. When you're a 48 or 50 year old man your boy palm sounds a little weird. But yeah so there is that bit of it.
Jeff
In bed with her son in law. I'm sure Elizabeth Warren wouldn't do an interview either. Let's see that's.
Chip
She pushed Bitcom like bitcoin big calm.
Jeff
So and, and there you go. Call and call and voice your frustration to her office. That's the direct line to the office.
Chip
D.C. don't mess around.
Jeff
Look it up and call. There you go. 202-243-4424 directly to the DC office.
Chip
Reese Merrick who is the senior executive officer Managing director of the Middle east and Africa he said he's talking about this conference he was at, he was at the Dubai Fintech Summit talked about the awesome conversations and you know the quality of the participants there. Said it was personally an honor to participate in the panel discussion diving deep into the future of finance with with other panelists. He also said that his key points were about the UAE's exemplary regulatory landscape. Huge shout out to the UAE's forward thinking approach to regulation in the digital asset space. Clarity and support of frameworks particularly from the entities like the Dubai Financial Services Authority and the Virtual Assets Regulatory Authority Central bank of the United Arab Emirates. I mean all these great things that are coming together and I mean everything's already in in place. He says it paves the way for innovation fostering a secure environment and and the fact that they are there and they're licensed is a huge deal. Talks about tokenization that they explored how tokenization was set to revolutionize the asset ownership. Everything from liquidity you have accessibility across different industries. You know when talk about fractional ownership increased efficiency it's really a transformative huge growth is expected there. Obviously we've heard a lot about the rise of the stablecoin that it finally is going to vote. Stable coins are clearly rapidly gaining traction especially for cross border payments and remittances. We discussed the role of the ripple plays in enabling a faster, cheaper, more efficient transactions. So there they are right there. But these kind of conferences are actually really big deals because these are countries that have a very huge vested interest and are moving a lot of money and have regulatory clarity set up to be able to license Companies such as Ripple to be able to do business there. And this is weird, really something that can't be understated, especially the amount of transactions, cross border payments, the stable coins, you know, the tokenization that's going to happen. It's going to be something to withhold. Behold there, Jeff.
Jeff
Right, agreed. It's on its way. It's definitely you know taking, it's taking shape. And you know, as it takes shape we're going to see you know, massive, massive progress. You know it definitely has to start someplace and it just isn't starting here. We're just not, we're not positioned yet for U S takeoff. But it's coming. Get a little bit more, you know, clear, clear messaging, some more regulatory clarity. More people going after their senators and congressional representatives picking up the phone and saying the hell are you doing this damn bill.
Chip
Yeah. And you know and Lummis always goes between one speech you'll say digital assets and she'll talk about nothing but bitcoin and she. Because the same message. Yeah.
Jeff
There we go.
Chip
Yeah you could, yeah, the link you can look up. Yeah you can send. But I don't think she really cares. She gets enough hate and X to know the difference. Stu Alderati, who's general counsel there over at Ripple, that's what we like to know. Mr. Alex Yeet. So he's put a new op ed in fast company. He talks about how newcomers can navigate crypto behind the hype. Regardless what peaked your interest in crypto and when. Welcome. This is obviously something that ripples champion which is the national cryptocurrency association truly dedicated to educating people about crypto and making it not so scary. Let's start by busting one of crypto's most persistent stereotypes. That's just what that it's just for young wealthy finance bros chasing dreams of Lamborghini sports cars and going to the moon when lambo when moon so and then we have this. Here's the story talks about the what about the Trump effect teaches us about crypto hype. Six months been a strange exhilarating time for crypto. First was a so called trump effect surging crypto prices on chain activity triggered by then president elect's vocal support of crypto. Then came the viral hawk 2 and meme which somehow alchemized into a crypto meme coin. It skyrocketed value pulled headlines and then of course we know what happened. It basically rugged first time crypto users were moments away from their gateway into the blockchain. While it's downloaded Token Swap Twitter. Now AX feeds where flooded Strange new lingo. Hoddle degen. Do your own research. It was a wild ride. But for newcomers the experience probably felt like trying to join a conversation in a foreign language while rallying a roller coaster. Talks about being the leader of the non profit dedicated to talking about crypto 2017. Yeah, this is a long time ago. This is. This is a brand new one. Well it's not really on the cutting edge obviously he's talking about what back in the day apparently.
Jeff
I hope he is in this is.
Chip
A brand new article. It just dropped Crypto. Yeah yeah he's like earlier this year we conducted some of the largest studies of crypto holders in America. We found that almost 1 in third 1/3 31 are women. And it's funny because where are the women? You never see them on ax. You never see them talking about they're just quiet investors that are probably here that are killing we used to come in here all the time or are over the age of 55. 15 of them and then then under 25 there's only 11. Nearly as many crypto users work in a construction. Did you know that Jeff? 12 is due in technology but I do now 14 so it's far more of those working in finance 7% and many do not belong in higher income brackets which roughly a quarter or 26 of crypto owning households earning less than 75000 a year.
Jeff
Oh wow.
Chip
Stereotypes outdated and frankly it's dangerous. It discourages thoughtful newcomers. We'll talk about how dangerous it is for for center alumnus talk about Bitcoin 247 so let's participating. Let's get actors a little bit. It's all risky but bitcoin did break its all time high today which is a great sign and people like to say that's a phenomenal sign. Decode the lingo. Stay for the mission. Don't let the lingo intimidate you. You don't need to speak crypto fluently to participate. Just like you don't need to know what HTTP means to send an email. But new users feeling underwhelmed by language of crypto. Here's a translation guide Auto. Remember the hotter report Jeff?
Jeff
I do.
Chip
That was your first streaming channel there originally a typo for hold. That means holding on to your crypto DJ and short for degenerate. High risk traders. Play the sound bite. High risk traders.
Jeff
Oh, high risk traders.
Chip
High risk traders. High risk traders, Jeff. Yes, chasing fast gains Meme coin. Let's not do that, that's a bad idea. Meme coin token. Built around a joke cultural moment like Dogecoin or the recent Hawk to a Coin. Some are created in jest, others tapping into legitimate community driven goals. Think of these as digital collectibles like Pokemon cards.
Jeff
That's right.
Chip
Start small, stay curious. Best way to learn by doing. Treat your first crypto transaction like your first gym session. You're here to learn. Learn the ropes, not break a record. Use reputable platforms. There you go. Avoid buying coins just because they're trending on tick tock. Do your own research. Known as Dyor. And like David Schwartz once mentioned, some people aren't good at research, so maybe that's not your thing.
Jeff
That's why they go on X.
Chip
That's why they go on X for other people's bad, worse, you know, beyond the buzz. So it's a good little article. It's good that he's getting out there, putting the name out there and getting.
Jeff
Some stuff from and let's see who wrote it.
Chip
This is Stu. This is. We just, we just, we just announced. Dude.
Jeff
Oh, that was.
Chip
What show are you watching right now?
Jeff
I love it, I love it.
Chip
We just talked about Stu Aldarati penning an article for Fast Company. And then we jump to the Fast Company article.
Jeff
But I didn't realize that was. This was his article.
Chip
See that? It's Fast Company right there.
Jeff
No, I get it. But I didn't realize he was the one that wrote this article.
Chip
Yeah, that was the whole. This is the whole, this is. The whole point is like he penned the article. Stu Alderotti, president of the National Cryptocurrency Association. Notice they didn't say anything about Ripple.
Jeff
Yeah, no, that's great.
Chip
Yeah, yeah, it was the.
Jeff
There's so many people, you know, coming into the space. They actually don't. They haven't been engaged in it. They missed, you know, the past, I don't know, eight years. You know, so, you know, jumping into it now and everything for us is just becomes commonplace. You just don't even think about, you know, fomo. But FOMO and Foot and DYOR are terminologies that circulate within the trading space as well. You know, fear of missing out, fear, uncertainty and doubt. And then Dyor. It wasn't necessarily just unique to the crypto space, but it definitely made its rounds. I think more people are utilizing acronyms than that and came in contact with acronyms like, you know, they have ever before, which is really cool. It's like people talking about, you know, the financial institutions and, and cross border payments and Nostro Vostro back in the day when that was a big hype. People have learned so much being in and it's the greatest thing ever, you know, people that might not have been interested in investing or finance or anything from that perspective and even thinking globally. And then all of a sudden this opens up a whole different world and it's more interesting, exciting, you know, as you're getting to learn something brand new and we're seeing changes taking place on a global scale but at the same time there's so many cross similarities between traditional financial systems and now we're just seeing, you know, the orchestration of how parts are being replaced and as people are actively involved in it, then it's just like, man, it's becoming, you know, everything's becoming second nature, which is really cool. You know, that's what, that's to me, you know, learning in the crypto space. And we've come, we've met so many amazing people and people you never, you know, we'd never have come in contact with ever before. Like I never would have met you if it wasn't for crypto. Think about that.
Chip
That's true, dude. That's right. We wouldn't be doing this show together if it wasn't for crypto brings. And look at all the people in the. People like Mark Smithson. He just left a voicemail for alumnus the D.C. office and Joe. Oh yeah, and Chad. I mean I've jumped head first in the shallow end 10 months ago because of my brother in law. Good for you. Ten months. That's domestic. Head first to shallow and I love that, man. What's up with the hello OTC game? What? Hello OTC game. Look at how this is going up, Jeff. I'm not really. I don't get the. I don't get the. The. It doesn't. I don't even know. They added this new feature where you can put the comments on screen but it's kind of dumb which put the comments on the screen whenever we want. You just got to try it out.
Jeff
It'd be nice if we could put it like the whole right side. You know, when comments flow by, people are back watching the video they like.
Chip
Watching or the center but I don't know, it's just, it annoys me during the show though. I mean to be doing.
Jeff
We couldn't really move our people or.
Chip
Yeah, I don't, I don't know our video. Sorry. Put out a report about the state of the XRP ledger for Q1. The key update. Ripple acquires global prime broker Hidden road positioning XRP ledger for institutional adoption and expanded D5 capabilities. Quarter of a quarter metric. So daily active addresses were up 142%. Probably because the Trump effect. Right. We saw a little bit of boost there in price. Average daily. What is it? What is the clob? I don't know what that is. How they just spell it out.
Jeff
Daily clob volume. Let me see.
Chip
Somebody know what that means? Chime in over there. I don't know what that means. Let me see what that means. That says I don't know what that is.
Jeff
Volume.
Chip
Yeah.
Jeff
Let's see. It refers to. It refers to the amount of trading activity happening on a central limit order book. The club.
Chip
Okay. Central. Okay. There you go. Ripple's USD market cap on XRPL up.
Jeff
300% I never would have thought it was called Whoever thought about a central limit order book.
Chip
There he is. So there is close.
Jeff
Another terminology we just learned.
Chip
Ripple closed with quarter one with 44 million market cap on XRPL. Pretty good since it rolled out in December. Decks.
Jeff
Going on Vincent.
Chip
There you go. Nerd alert. Uphold. Jump. Uphold's always like doing at least a lot of positive stuff around XRP or getting a lot of things wrong one of the two. It's at least they're talking about it. But Uphold says June could make or break for xrp. Three major catalysts are converging. First you have the potential spot ETF approval.
Jeff
Yes.
Chip
The Fed rate cut signals. That's not happening. The Fed does not want anything to succeed. You got. And then you got the XRPL Apex Dev summit that's coming up. Could be last chance. I don't think that's ever been a catalyst. Just a bunch of people. It's just a bunch of people hanging out. And could this be the last chance to grab XRP at the current prices? Will next month be the turning point? Dr. Mark Martin. He's Brook. Who's their he's. Who does he over there at Uphold. He's the head of research over there. He's got a lot of things wrong about XRP. Okay. And the XRPL. As a significant surge following the 2024 election XRP has been trading around the two dollar mark. Influential alt investment site Motley fool weighed in this week. They said June 2025 could mark a turning point for the digital asset. With three catalysts potentially aligning to drive its price higher. The confluence events might present final opportunity for investors acquire XRP at its low price. It's funny, we start here, like, we think low price for like 20 cents, 54 cents. But yeah, $2 is cheap. Yeah, well if it skyrockets to 15 or 20, you've been like, I could have bought it too, but I ignored it.
Jeff
I'm excited, I'm excited about the spot etf. Spot ETF comes out, you know, then, then we're talking that's going to have a major impact on movement because we're going to see a massive flow of, of institution money going to it. But also retail, there's a lot of retailers sitting on the sidelines that got into Bitcoin ETFs that want to get in to other ETFs because Bitcoin ETFs are, are now trading around 85 for a GBTC. So if you, you know, now, now it's share to share. So now you think about it, when the, so gbtc, then they had the btc, the, the Mini was, the Mini ETF or the Mini Trust or whatever, whichever version it was, I bought into that one also. But that was interesting because it launched at 4, then it did a reverse split, went up to 40, but then you lost like 10 to 1 on your share, you know, so it's a much trading a much higher price point. So in the end it kind of washed out. But XRP comes out as a spot etf, it also is probably coming out in those low digits now all of a sudden you jump, you know, you jump into a spot etf and if we look at the trend of bitcoin, is XRP spot etf, is it going to follow the same trend? Is it gonna, is going to be a catalyst, is it going to take off? And if it is the catalyst, does that mean that the asset. Because now there's all this trade going on of XRP through the etf, now all of a sudden the market starts heating up. It could be really, really interesting.
Chip
Yeah, super interesting. And this is, and the key date they're looking at Right now is June 17, because that's when the belief is the U. S securities and Exchange Commission might approve Franklin Templeton's spot ETF application. Yeah, so it's, it's, it's a whole new thing. And now you got the chair there. So I would expect this to start happening. It would also be, and I agree it's a huge deal, definitely something worth hopefully happening. So the important impact of a new spot ETF at XRP's price, not guaranteed. But don't forget there's like 11 behind that. So it's not, it's just like the first one. And then there'll be a bunch of them that'll be popping after that. The federal, the other thing they talk about is the, the Fed's monetary policy. Look, when, when you have inflation dropping, you have all these other things, then, you know, you have Moody's come out, you start realizing this is a lot of manipulation by leftists, as always trying to make a big, trying to make Trump look bad. The administration, I mean, he's got some amazing players in there. I'll tell you. I'll tell you what I did have in my, my bingo chart was, you know, Marco Rubio, this guy was born to be the Secretary of State. I mean, I'm so impressed with how he's acting. And he, you know, when he first came on the scene, Jeff, you know, we were excited about him in Florida. He, he really knew how to explain conservatism in a really great way. But then he kind of fell off that. He just like, kind of faded away and just became a wishy washy, kind of lost his way for a little bit. But he's back. And I'll tell you what, ma' am, 2028 JD might not be a, may not be a shoe and not the way Rubio's, you know, kicking ass and taking names, I'll tell you. And again, there was a time when I was a big Rubio guy and there was a time when I was like, you know, and I'll still put back, I still remind my youngest daughter that we were at a Heat game and I, I hear a voice, sounds very familiar, and I turn around and it's Marco Rubio sitting behind me with his wife Jeanette. And I tell my daughter that that's, you know, Senator Rubio behind us, and, and she's like, oh. And I said like, she goes, oh, you think I'll get a picture? I said, well, ask him politely. Senator Rubio, may I have a photo with you? And she turns around and does it. I'm super proud of her. Senator Ruby, can I have a photo? He was, of course. And I held the phone up and took a shot of it, and his wife leaned in there and, you know, got a little bit of a. So that was a pretty cool thing. Then on the ride home, he tells me, pop, how did, how did we end up getting better seats than a senator? It was like, that was like our big question. Like, nothing about the game. Rationale is lower interest rates make higher yield Riskier access, more attractive on the relative basis. This environment typically leads the influx of cheap capital into the crypto sector, but potentially encouraging investors. So, yeah, there's a lot of cool stuff. I love how they out, like, you know, they outline it. This is all for Moody, so it's pretty cool.
Jeff
That's right.
Chip
I don't know if you got this guy. This is one of the bankless guys. Sometimes I think they're, they're brainless a lot of times, but he's one of the like head bankless guys. You know, the two dudes over there, they're, they're, there's, they're eth. They talk about going bankless and crypto and all that, but they're just eth Maxis. They're no different than the bitcoin maxis, you know. Right. So he puts this out, circle, could you please not just sell to Ripple? Because everything's going great now. And I'm like, what a ridiculous statement. You should hope Ripple buys Circle a far better chance of success if those rates come down. And they're still. I mean, they're making $1.2 billion right now and 960 million of that's going out the coinbase. If those. And they only make money on interest, dude. If those interest rates drop, they're sunk, dude. Right. They'll live off the 4 billion IPO.
Jeff
I don't get it. Don't get it.
Chip
Even. Andrew. Andrew.
Jeff
And Darwin's here. I saw him. I saw him come in.
Chip
Is he here? Cool. So, yeah, buddy from Australia that we got to hang out and meet. And 100 chip circle should be in serious trouble. With the value of the assets the Treasuries dump, Circle's income sources are way too limited and the value of their company would crash. Okay. Greed, dude. It's like, right? Everybody sees it. Meanwhile, this guy's like, do you not buy Ripple the dumbest. And the other big time eth Maxi, Laura Shin. Which, you know, I will give her credit. She does comment on my stuff and I do ask her questions. She's nice enough to. To comment and stuff, but she's an eth. Max. Yeah, we know this. It's not a big secret. It's a bunch of smiley. She put a smiley face and I'm like, what's with the smiley face? I get that you're an eth Maxi, but Ripple acquiring circuit would actually give USDC a much stronger shot at success. Maybe you missed the Ripple's track record with the past acquisitions. I mean, like, they're they're totally setting up. Yeah, right, Jeff. I mean, like, it's like, what are these people? Like, that's so funny. Oh, God almighty, Jeff. And these people are. They're nuts. I mean, there's enough crazy. They're crazy. And then the one you teased early.
Jeff
Oh, hey, before we get into that, it's the bottom of the hour. How many yetis do we have?
Chip
We only have 11, which is really odd.
Jeff
Never heard of such a.
Chip
Hey, there's our boy.
Jeff
And there he is. He's still here.
Chip
Boy, Andrew. Here he is.
Jeff
It's like, let's see, 10, 11, 13. What is it, 9, 10, 11, like 12 or something in the afternoon. 11. Don't know what time it is over there. It's late, but. All right, here we go. Bottom of the hour, almost. We're going to play this. Get. We got to get more yetis. Get your typing skills set up. We need some more yetis put in there. So let's pull off that comment. And here we go. We're going to roll it here.
Chip
We win a badass yeti from the Blue Tribe. Word of the day, Yeti. Hey, you got your sarman wallet ready? Why? Because this is gonna be epic. It's time. Time to claim your legendary Blue Tribe. Yeti of the clan Mentalist. His name on the chain. Badass. G for battle, made for legend. Claim your so be forgotten badass. Gaze on the chain. Another banger. The Uma. Love it, love it. Says a good one. Yeti Mother truckers. There you go.
Jeff
Right?
Chip
Yeti for four eyes.
Jeff
That's right. Malarouche. Well, he looks like an angry little nutsack.
Chip
Oh, yeah. Come to papa. Come to papa. Come to papa. Malaroche, our other pal. Down, down, down, down under. Awesome.
Jeff
That's right.
Chip
Yeah. Yeti. It's rigged. It's rigged. Awesome. Soon that one's mine.
Jeff
We're all clicking.
Chip
Rigged. Justin's telling us it's rigged. Rigged. Justin gave his away to his. To his girl, his girlfriend.
Jeff
That's right.
Chip
Nice, man. Very nice. Good for you. Good for you. So this is cool. Tom Emmer. Re enter. Him and Ian Rich. So, dude, we thought that. We thought that Richie Torres fell off the planet because, remember, he went all like. I mean, he started getting a little weird because Richie Torres is like the original OG of the Democrats. Like, he's probably the oldest supporter of crypto. I mean, he's been in this game for a long time. And what happened to him?
Jeff
He was. He was pulled aside. Trump won. They said.
Chip
Yeah.
Jeff
Step in line. But he didn't, you know, I mean, look how outspoken he's been on all.
Chip
Sorts of topics, especially in the here.
Jeff
Over there in New York when it came to like the Middle east topics, you know, over in Israel, you know, what was going on in college campuses around the country, especially in New York, when it came to crypto, you know, he came out just hard hitting and then, you know, then you hear statements about Trump. Right. It was just like there, there was no, you know, parallel that the two don't come together. It doesn't make sense that it's all coming out of the same brain.
Chip
Yeah. And what's funny about that too, conflict, Jeff, is is that, you know, you have AOC who's also in a couple districts over from, from Richie Torres because he's, he's out of the, the Bronx, I think. Bronx, yeah, he's the Bronx. And it's like you talk about rising stars in the Democrat Party. This guy Richie Torres is a smart dude. You think about like people, I mean, like I may not agree with all the things he says, but he's writing a lot of stuff. And the fact is, is like he's, he's a good, he's good at positioning like ideas and topics which I think some of the Democrats are a little bit, a little bit behind on. And so he's like, if you listen to in a hearing, he's just got, he brings the goods, man. He like rails on the stuff and he's, he's been outspoken. But I did think they took him back to the behind the woodshed and kind of gave him a little sitting down talk to. But I'm glad to see he's back in the fold, man, especially working with Tom again because they've introduced a bunch of bills. So this is really good.
Jeff
And this is the big one.
Chip
This is the big one right here and this one here. I guess, you know, the main part of this is it solidifies the digital assets developers and services providers do not custody consumer funds that aren't money trend not money transmitters. We know who's a money transmitter. It provides necessary legal clarity that will unlock blockchain development in the U.S. again, another pro crypto U.S. bill nonpartisan bill co led by Congressman Richie Torres. New York 15 Congressman Emeran Torres serve as the co chairs of the Congressional Crypto caucus as they should. If you don't custody consumer funds, you aren't a money transmitter, plain and simple. Congressman Emmer said the longer we delay this common sense clarification, the greater the risk. This Transformative technology is pushed overseas, harming American investors and innovators. We've learned our lesson on that, I think, Jeff. This bill provides that clarification and will help the United States remain a leader in the crypto space. It's good to see man got it, and I do think it does. And he says here, too, it reflects a thoughtful, bipartisan effort to get the digital asset policy right. I absolutely 100 believe that. I don't know how you vote against it, but we've seen other things happen. But I think it's a. It's a good one.
Jeff
Thanks. Yeah. By the way, look at that. Adrian Storm Stormberg is back.
Chip
Adrian Stormbark, London.
Jeff
Hey, Adrian, you saw how Tottenham beat Manu today, right? So I think that's an important one. I know you were at the new Arsenal, whatever hit release the other night, so. Arsenal, Tottenham, you know. But anyhow, it was Tottenham that won, by the way.
Chip
Tomorrow it's menu XRP Futures ETF launches. There you go. I think we've already talked about that. The volatility shares will launch one XXRP Futures etf. There you go. Latest is. What the heck is going on here with all this? You can't get rid of that either. It drives me nuts. People still put ads all over like they're gonna make a million dollars off it. All it does is cloud everything, which is pathetic. And then. So just jumping into the. Jumping into the. Jumping into the. The Comey space. I want to play this video of Comey. You know, the former director of the C.I. of the F. FBI, who basically put out 80s. He took a. He was apparently just walking along the beach one day, and he just happened to see in the shells. 86, 47, which means basically kill Trump. Right? 86 is the kill and or delete or remove. And then you got 47, which is. He's Trump's 47th president, and he just happened to take a picture of it and he just happened to post it. But being the director of the FBI, he didn't know what 86 meant, right? The code for 86, apparently.
Jeff
No, of course. Yeah.
Chip
How does he not know that, Jeff? You know, he's the director. I mean, this is what's really crazy to me. I mean, how does he not know?
Jeff
Exactly. Exactly.
Chip
Oh, do I not have that video? How the hell did that.
Jeff
You don't have it up?
Chip
I do have the. Oh, here it is. Here it is. Here it is.
Jeff
Okay, here we go. Somebody was asking about flair.
C
Investigate the investigator.
Chip
Comey. Yeah. How are you? Thank you. Jesse Waters from Fox has a question. Yeah. Why are you on an 86 Trump? All right, Director, I'm not taking questions like that. Now. Why, why would you sign the book? Why would you post that?
Jeff
Director Comey, how was your interview with the Secret Service?
Chip
You want the book signed? Really? Absolutely. Okay, you got it, brother. You signed my seashell too? That you're going to. You find a common seashell.
Jeff
86, 47.
Chip
This is a politically charged beach there.
Jeff
Oh, God. They always try to kick people out.
Chip
Have a good night. Have a good night.
Jeff
Oh, my God.
Chip
Good night, Director.
Jeff
Look at that. What's up with that guy?
Chip
That was some security. I don't know, man. Some. Somebody said that's some security.
Jeff
What in the world was that?
Chip
Just. What's up? What's up with that guy? Holy cow. Jeff, did, did you see that?
Jeff
What in the.
Chip
Tom. Sam Hill was that? That was so. And you know our favorite guy, John Ocasio, Rodham Nolte. John Nolte said he was just. His wife and him were walking along the beach and he said, James Comey and I just happened to find this fascinating design, guys.
Jeff
Dirty Cop.
Chip
Dirty Cop. God, that's a good one. He just happened to be walking along one day and just happened to like pull up onto that, Jeff. And you know, you know, Fake Tapper has got a new book out called Original Sin and he's, he was one of the main propagators of it. Like he didn't know and the White House lied to him. Well, someone better cover on this. This is Original Sin. Jay Tapper's decline as a journalist and CNN's attempts to cover it up. This is a great new book cover right there because the, the original book has Joe Biden as you know, covering his eyes and this has no place in the show. But I just, I'm so angry about it that I had to put it on here because you know how much I love Apple. But Tim Cook has destroyed Apple.
Jeff
That's your buddy.
Chip
I cannot take this guy. I really think he should have been deleted years ago. Tim Cook, after seeing open AI acquire Johnny, I've startup for 6.4 billion in an all stock deal to make a family of AI devices within with a team of Apple alumni. While Siri is still unable to set a simple 9am alarm wake up call. And Johnny, I was what, one of my favorite designers of all time. He was the iconic designer behind the iPhone, the iPad, you name it, all the, you know, the MacBooks, the computers, he was the guy. And how do you Let a guy.
Jeff
Like that go, oh, crazy.
Chip
Well, he goes on and found a 6.4 billion dollar company, 55 employees, they've not sold one device, they've got zero profits, they've made zero money. And they got acquired because it's Johnny I've. If you've never seen this Johnny, I've. In interviews. A guy sharp as hell and Tim Cook, what a dope.
Jeff
He lost him. Hey, somebody earlier was asking, was asking about Flair, the blockchain for data. I know they said. Can you guys talk about Flair?
Chip
Not tonight.
Jeff
No, we're talking about it.
Chip
I'm not talking about it tonight. There it is. I'm not talking about it.
Jeff
We just talked about it.
Chip
Okay, we just did. Right there. Flair. Thanks, thanks. We just talked about it.
Jeff
I like this web. I like this web page, though. How cool. I don't know. What is it though?
Chip
I don't know. Some groovy stuff. We talked about it the other night. We did a whole thing on flare.
Jeff
I know when it was timely. The knitting of a sweater.
Chip
Let's talk about something funny. By the way, Trump posted this on Truth Social and on. On X. There it is. Hitting the ball. You missed it, Jeff.
Jeff
I saw it.
Chip
There's. There he is. Ready and knocks. Bruce Springsteen dial right in the back. Oh, boom. I love the fact that he posts. The fact that he posted it is just too funny. It's a little too funny, man. It's a little bit on the right side or flare. So Elon Musk was in an interview today. He was getting questioned and they questioned him about. Listen to this, Jeff. This is something else. Ties into the White House visit today with the African president. Otherwise. And so now I'm in this absurd situation where I was born in South Africa but cannot get a license to operate in Stalin because I'm not black.
Jeff
Well, it looks like that's about.
Chip
It looks like that looks like that's about to change. I just asked you a question. Please answer. Does that seem right to you? Well, those rules were designed to bring. Yes or no? Those rules were designed to bring about an era of more economic equality in South Africa. And it looks like the government has found a way around those rules for you. I asked you a question. This is. This is your interview. Everyone wants to hear. This is a typical reporter, Jeff, your question, yes or no? Not. Not for me to answer. I have got a question for you about.
Jeff
About your government work.
Chip
The amount of savings. Why do you like racist laws? This is not for me to answer. Come on now. You wouldn't be trying to dodge a question. Answer my question. Answer my question. Jeff, what is going on in the comments right now? Some amazing stuff is happening in the comments.
Jeff
All the nice support here.
Chip
Look at this.
Jeff
Who's crypto?
Chip
Who's crypto? Jeff, love your show. Please make everyone know about the AMM fee enhancements. 282. Quite a few of us think it could make a big difference for liquidity providers by giving them greater flexibility over their liquidity. Yeah, I actually think this is really important too because the. You've got. You have to be able to. If, look, if you're not going to monetize, you're not going to be able to control and set some of the fees. I mean, we're not talking about. We're not talking about e fees, but I think this is a good one. Appreciate that, man. That's like a big support right there. And if you guys aren't familiar with the AMM fee enhancements, you probably should take a good look into it. But I think it's a. It definitely will be a good boost for the. Oh, I know some people are for it, some people are against it, but I actually think it's a good thing. So. Yeah, man, thanks for bringing the. The awareness there. Who's pretty. Appreciate that. Legendary. There you go. Notice a community leaderboard. I missed something. A community leaderboard. Do we have a leaderboard?
Jeff
There's a. There's a community leaderboard now on. On YouTube. Look at that. That's pretty cool.
Chip
I've not seen that. Where is it?
Jeff
I don't know exactly what it means. Oh, wait a minute. This is brand new. Hang on a minute.
Chip
Can you show it on the screen so I can see it, Jeff?
Jeff
Yeah, I'm trying to. Give me a second.
Chip
Thank you for that. Legendary. And of course, you also have XRP for life. Thank you for that. For support, man. This is the most support we've had in like ages is phenomenal. Thank you very much, very much, very much.
Jeff
Then we can set a goal too. That's kind of cool. So the community leaderboard. Let's see what this is all about. See if I can zoom in on it. I cannot. Oh, it's because I got this. Hang on, let me get by this commercial. There's a commercials tying things up.
Chip
Oh, yeah. I hate that.
Jeff
Then it added an ad on top of the. On top of the community anyhow. All right, let me see if I can back out of it. Nope. And then I'll go to here. There you go. Look at that. We can see ourselves looking very funny. But this is, this is the community leaderboard over here on the right hand side.
Chip
What is it? What does it mean?
Jeff
Art on the Lake is number one right now. He's got 100 XP so I'm not sure. I don't really know. Here we go. Trying to figure out how you qualify for it. That's kind of cool. We can run competition based on the community leaderboard. See what it, see what it says.
Chip
Justin's number two.
Jeff
There you go. A place for fans to stand out in the community. The top three get special badges in the live chat. It resets every stream so you can always try again. How do you get on the leaderboard? You'll need to collect experience points or xp. Here's how you get them. Send live chat messages, send super sticker chats and super stickers and then that's it. That's pretty sweet. So if you send a super sticker and you, you comment all of a sudden, boom. Then you're in there.
Chip
The why isn't. Who's crypto or legendary or XRP for life up there?
Jeff
Didn't build it? I don't know. That's a great question.
Chip
You should definitely know better.
Jeff
And they, they put those in there too. That's a good point. Look at that. Legendary.
Chip
Yeah, exactly. So I, I do want to cover Precious. I wanted to give a little more context behind this because I know it's been a while since I was over on GitHub reading this.
Jeff
That's pretty cool.
Chip
It is pretty cool.
Jeff
Pretty cool. It's a great idea.
Chip
This is it right here. The amendment. This is the amendment.
Jeff
I found the lake rigged. Okay.
Chip
The amendment proposes significant enhancements to the automated market maker fee on the XRP ledger. Current system allows the top eight liquidity providers called LPS to vote on a single trading fee that applies uniformly to all operations with a maximum cap of 1%. The structure lacks a granularity needed for the LPS to effectively manage their liquidity respond to changing market conditions. So the proposed changes would basically allow those liquidity providers to exercise greater control over how the provided liquidity is utilized by implementing operational specific fees that can directly influence the pools, exchange or rate dynamics. The enhancement aims to create more sophisticated incentive structures enabling LPS to better manage risk and potentially increase the overall efficiency, attractiveness. And then it kind of runs through some of the exchanges. I'll drop this in there if you guys take, take a good read. It's good to be aware of what's these kind of Proposed changes. So the increase the fee cap from 1% to 2.5, raise the maximum allowable fee that LPS can vote to implement and that operational specific fee structure, and replacing the current single fee model with the distinct fee categories based on operational type. That would come down to XRP deposits fees, withdrawal fees, token deposit fees, and token withdrawal fees. So anyway, it's pretty. It's pretty well thought out. I remember going through this and reading the whole entire thing. She thought it was a pretty good idea. So that was. Appreciate that. Thanks for pointing that one out there. Who's. Who's crypto? Who's crypto? My crypto. That's. Who's crypto. Crypto. Whose crypto is it?
Jeff
That's a good one.
Chip
All right.
Jeff
That's a good one. Glad, Glad he posted up there. And thanks to the other two big supporters. And then also a big shout out to Jack.
Chip
Jackie's here. We were just talking about women in crypto and then, boom, Jackie shows up. Oh, gee. In the space. So one of the things I wanted to do, Jeff, is I wanted to. I kind of wanted to run through some of these clips of Trump, the really short clips. And then we'll get on to our drawing and then we'll get out of here. But let me load them up. There's a whole bunch of them that I've got here. So then I numbered them this time, so I put them in the right order that I wanted to play them.
Jeff
And Jackie's been with us in on the show maybe since 2017, since we.
Chip
Started back in the day.
Jeff
Way back in the day. Adrian, you down with otc? Yeah, you know.
Chip
Yeah, you know me.
Jeff
That's right. See, man, that's. That's a buck 99. That's. Those are pounds right there. That's like 10 bucks.
Chip
Okay, so here we go. Let's listen to a couple of these Trump clips. This is from the meeting with South African president earlier.
C
A lot of people are very concerned with regard to South Africa, and that's really the purpose of the meeting and we'll see how that turns out. But we have many people that feel they're being persecuted and they're coming to the United States. And we take from many, many locations if we feel there's persecution or genocide going on. And we had a lot of people, I must tell you, Mr. President, we have had a tremendous number of people, especially since they've seen this, generally they're white farmers and they're fleeing South Africa and it's, you know, it's a very sad thing to see. But I hope we can have an explanation of that because I know you don't want that. And it's, you know, it's a kind of a different meeting. Normally we have meetings. We talk about trade and we'll be talking about trade and other things, but that certainly will be a subject that comes up.
Chip
Yeah. For you to be convinced that there's no white genocide in South Africa. Well, I can answer that for president. For him. I would rather have him. It will take President Trump listening to the voices of South Africans, some of whom are his good friends, like those who are here when we have talks between us or the quiet table. It will take President Trump to listen to them. I'm not going to be repeating what I've been saying. I would say if there was Africana farmer genocide, I can bet you these three gentlemen would not be here, including my Minister of Agriculture. He would not be with me. So it will take him. President, President Trump listening to their stories, to their perspective. That is the answer to your question.
C
But Mr. President, I must say that we have. No, no, wait. We have thousands of stories talking about it and we have documentaries, we have news stories. And that is Natalie here. Somebody here to turn that. I could show you a couple of things and I will. Would I just. I have to. It has to be responded to.
Chip
Sure.
C
Let me see the articles, please, if you would. And turn. Excuse me. Turn the lights down. Turn the lights down. And just put this on. It's right behind you.
Jeff
Yan, there's nothing. This brought the receipt or without.
Chip
You people are going to occupy land. We require no permission from you, from the. The president, from no one. We don't care. We can do whatever you want to do. Who are you to tell us whether we can occupy land or not? We are going to occupy land. South African occupy land. That's who we are. A revolution demand that at some point there must be killing because the killing is part of a revolutionary act. Now, the boar is the white guy. So there you go. There his very bad.
C
These are burial sites right here.
Chip
These are all the crosses lined up.
C
Over a thousand of white farmers. And those cars are lined up to pay Love on a Sunday morning. Each one of those white things you see is a cross and people that have been killed. There's approximately a thousand of them. They're all white farmers. The family of white farmers. And those cars aren't driving. They're stopped there to pay respects to their family member who was killed. And it's a terrible sight. I've never seen anything like it. Both sides of the road, you have crosses.
Chip
There you have it.
C
Those people are all killed.
Chip
Have they told you where that is, Mr. President? No, I'd like to know where that is. Yeah, he'd like to know where that is.
Jeff
He doesn't even win.
Chip
Well, I don't know where it is either, so, I mean, who knows where that is? I mean, it could be anywhere. I mean, you know, I'd like to get some clarity on that. This is the video they showed.
Jeff
Let's get a little bit better.
Chip
That was a little bit of the video showed here.
C
Chronicles over the last few days. Death of people. Death, death, death. Horrible death.
Jeff
Death.
C
I don't know to pick anyone. White South Africans are fleeing because of the violence and racist laws. And this is all. I mean, I'll give these to you. So when you. When you say, what would I like to do? I don't know what to do. Look at this. White South African couples say that they were attacked violently.
Chip
When will you go and see for yourself if it isn't?
C
Well, I could do that. Look, here's burial sites all over the place. They're all. These are all white farmers that are being buried. And he asks about a jet that was given. You ought to be ashamed, you know, you are so bad. You're such a bad reporter.
Chip
Right after that, right after that very serious first clip that we played, a reporter started talking about the jet, and Trump gave him some crap.
C
This is one after another. His family was wiped out. I'm just looking. Well, I think it's. I think the videos are so. No, no. When you look at the videos, I mean, how does it get worse? And these are people that are officials, and they're saying that kill the white farmer and take their land. And I have other friends in South Africa, people that left. One in particular that says it's. You can't go there. He said, they want to take your land. They take your land and they kill you.
Jeff
Yep. Zimbabwe, too.
Chip
Yeah. This is nothing. This is. I mean, but, you know, you had one of the most horrible things in South Africa with. With apartheid. Right. I mean, it was. It was. It was horrific. I mean, and. But. But again, I mean, like, two. Two rights make a wrong. It's like two wrongs make a right. It's like you don't. You don't ascend to power and then start killing, you know, because that's what was happening with apartheid deaths locked out, you know, I mean, horrible ways to die. I mean, so then What? We just. We flip the table over. Now we have it again. One of the key points that I think Trump, is huge articles over the. Yeah, hang on a second. Let me see if. Here it is.
C
A lot of people are very concerned with regard.
Chip
Let me see. Sorry, I can't. For some reason, you know what happens? It goes off the stage.
C
A correct and a fair media exposes things. But we have a very corrupt media. They won't even report this. If this were the other way around, it would be the biggest story. Now I will say apartheid, terrible. That was the biggest threat that was reported all the time. This is sort of the opposite of apartheid. What's happening now is never reported. Nobody knows about it. All we know is we're being inundated with people with white farmers from South Africa, and it's a big problem. Marco Rubio was telling me he's never seen anything like it. The numbers of people that want to leave South Africa because they feel they're going to be dead very soon.
Chip
There you have it. So Trump, it's kind of a hit job bringing him in, but he kind of knew what the meeting was about. But still, I mean, look, man, to sit there and deny it's happening. Listen, I've seen all the articles. I've seen the stuff you saw. The first, you know, plain load of people show up. But at least he's trying to, you know, he's doing it in a very diplomatic way to try to get to the bottom of it and make something happen here. So I think it's. I think they gotta sort of figure up what's going on.
Jeff
So did you see this post from Jackie? She said she has one of her on the chain hoodies and had a lady stop her in the grocery store to take a picture for her husband who holds xrp.
Chip
Oh, that's awesome, man. Well, I love this. I love when you hear these cool stories.
Jeff
That's a really cool story. I like that one.
Chip
That is a fantastic story. Oh, my gosh.
Jeff
Finally made it in. Look at that.
Chip
Ruby. Ruby. Hey, Shane.
Jeff
How many. How many yetis do we have?
Chip
We have 25 in the drawing. So you want to play?
Jeff
All right, we're playing one more time. By the time we're done now, we're doing the drawing.
Chip
So you guys start typing yeti if you haven't done it.
Jeff
There we go.
Chip
Win a badass yeti from the Blue tribe. Word of the day, yeti. Hey, you got your sarman wallet ready? Why? Because this is gonna be epic. It's time Time to claim your legendary Blue tribe Yeti of the clan mentalist. His name on the chain palace. Born for battle, made for legend. Claim your so be forgotten badass gaze on the chain. Dude, there it is right there.
Jeff
The epic movie to start.
Chip
Yeah, I can't wait. We. We gotta make. We have to make an ep a short, but here it is, guys. Thank you for that, Jackie, for chiming in there. But here, I just posted in there you. If you go to onthechain shop, I put the hoodies link in there. Dni. Damn, you're so late. What are you doing here so late? Dude, you can rewatch the show. Yeah, it was a good. It was a good one. But on the chain here. This is our merch store. And you can see all the stuff. And you see on the back, it's got. On the chains got. This is return of the XRP ripple strikes back. You got the one here. XRP. I can't believe I can't be 100 sure, but I think it's magic. It's got the XRP. I don't know the URL on the back of that one. But there's.
Jeff
We have a whole bunch. Whole bunch of merch that is going to be incoming, which is going to be great too.
Chip
Yeah, we got some stuff, some cool things that are coming up, working on. But you guys use XRP589 at checkout. You get 20 off any order. So there you go. So go check out some of this stuff. And then there's, you know, there's also women's T shirts too, because, you know, they don't want those baggy. Those baggy T shirts that are, you know, for dudes. And they're not trim. These are these fit women. So they're actually designed for women. We've got some women apparel there. Tank tops, long sleeves. I mean, everything is here. You got the men's T shirts coming if you click in here too. They do come in multiple colors, you know, big sizes. If you want a 5XL, yeah, hell, you can get a 5XL. Why not just go ahead and get one? Not a big deal. But they come in different colors. You know, there's navy, there's purple. You can just go in there and select the color that you want. Got drinkware, too. There's the. There's a. On the chain bottle that you can get all kinds of cool stuff. Mugs. Got a steel tumbler. Someone swiped my steel. Steel tumbler.
Jeff
That sucks.
Chip
It went missing and I lost my water bottle at the gym. And Then nobody. I said, hey, everybody, find it on the chain. No one found anything weird. Nobody found it. And that's where I left happens. But anyway, that's on the chain for you on the chain. And you can go to on the chain shop and check it out. All right, now let's get to the big drawing of the evening. We are going to do the yeti drawing.
Jeff
Don't forget about the badass yeti coffee.
Chip
Yeah.
Jeff
That is city coffee dot com.
Chip
Pretty soon it'll be all awesome merch. Yeah, dude, get some. Charles, check it out. Check it out. And you remember you can get that 20 off XRP 589 code. Throw it in there. You'll be a nice 20 off. So here we go. Boom. There it is. There it is. Do you have your zombie wallet ready? Why Chewbacca?
Jeff
No.
Chip
Storm vodka. Storm vodka.
Jeff
Because this is going to be epic drone vodka.
Chip
You ready for this? Let's pull it. See who's gonna win here. Let's go. Yeah. Come on. Let's see what's up. What's up? Who's it gonna win?
Jeff
Boom.
Chip
Visual.
Jeff
Oh. Visual vendetta.
Chip
Visual vendetta. The winter winner of Stromvaka. Not to be confused with Chewbacca. Women tease. Perfect size color for dudes for Harris. Camp dudes for Harris. Very well. Very well said. Rigged dudes for Harris is definitely rigged. The dude. The two. You're right. A pink one would look nice, huh? You know who also would wear one? That dude who was playing security at the comey book sign. That guy could have. He might have had one on underneath there. You never know.
Jeff
He's definitely wearing.
Chip
I think he. She may be gone. A big winner. Come on, dude. Where are you? Visual vendetta. I'm telling you, it's rigged. At least 15 losses. At least. We have to. You know, we. I think we're gonna have to institute a winning. You can only win once in a period of time. We have to change officially alter the rules.
Jeff
That's right.
Chip
To give people more of a chance.
Jeff
They don't look for dudes for errors.
Chip
No, we're not. That's not hanging on our merch store. I hate to tell you that is not happening. There's no way that that's happening. He's telling us. Come on. I'm telling you it's rigged. At least 15 losses. At least. Minim. Let's seem like it's a record. Skipping.
Jeff
Yeah.
Chip
Margaritas. Margaritas. Where's the margaritas?
Jeff
I scratched the record. Sorry.
Chip
I was like, what Happened, I think.
Jeff
I think.
Chip
Did you scratch it?
Jeff
I did scratch.
Chip
I'm sensing a redrawing.
Jeff
Oh, you know what? I didn't upload the audio. Do that right now.
Chip
Who wants to hear Howard? There we go. There we go.
Jeff
Risky Howard Dean. There we go. This will be quick.
Chip
Okay, what do you got?
Jeff
The uploading process is pretty fast. Wait, before you run it again. Gotta get the music ready and play music in the background.
Chip
Visual vendetta come to the. Turn the volume down because I potted it up a little bit there.
Jeff
Does he. Is he Yoko 1 here? There's no. We gotta re. Roll.
Chip
We're giving them. We're giving him a chance here to show up. Visual vendetta. Nothing. Give you a shot, man. A badass yeti. We gave you a shot. Oh, no. Word of the day Yeti. You don't have to redo it, guys. There's 20, but if you're. If you want to get in the drawer, you can get in. If you haven't typed it yet, I don't see visual here. Chappelle does the best Howard Dean. He does do a great Harding. I think we got to redraw. That's what I'm thinking. All right, we'll get the other badass Yeti. The. The drawing. Badass Yeti.
Jeff
Song.
Chip
Of the clone, John does it be funny if we had to listen to the whole thing each time and it went three times for a reason? Well, I think we went. I think we went more than twice. One time. I think we hit, like, more than twice.
Jeff
He went, like three or four times.
Chip
Yeah, you don't have to retype yeti because there's 28 in there right now, so you don't have to retype it. Get the other yeti song queued up.
Jeff
All right, I'm getting it queued up.
Chip
Redraw. I like it. That's badass.
Jeff
Blame yours.
Chip
All right, guys, let's see who's gonna win. Somebody else be a winner?
Jeff
Unfortunately, it's been forgotten.
Chip
Justin needs what he. What he gave away. I have six winners.
Jeff
All right, Jeff, this one goes on a long time.
Chip
Here we go, guys. Here's the redraw. Sorry, visual. Maybe next time.
Jeff
Here we go.
Chip
Go, go, go. Who's going to be. What happened to the tune?
Jeff
I don't know.
Chip
Oh, my God, no. Come on now. All right, we're instituting a winning.
Jeff
I think it's.
Chip
When we do the redraw, I think.
Jeff
It listens, it looks around, and it's.
Chip
Like, yeah, we're gonna have to have a. We're gonna have to have a. So we can have more community wide.
Jeff
Community wide vote.
Chip
Well, just so. Just so that, you know, we give more people a chance to win, because Charles just won. Did he win this last week?
Jeff
Let me see.
Chip
Yeah. So let's. We might have to. We might have to alter the rules a little bit just to give some other folks a shot.
Jeff
And let me see. That's been a little bit. That was last week. Then at least once a month.
Chip
Maybe once a month would be a good one. Maybe once a month and a bunch of them.
Jeff
It's crazy. I don't understand. It repeats. We have to have a community draw on that one. That would be the fair commentary. Because you try to take someone's win away.
Chip
No, we're not taking a win away. I'm just saying, like, maybe moving forward. Because I see the same names coming up. Like three of the same names coming up.
Jeff
That's why he said redraw. Redraw. All right.
Chip
Okay. We'll do a redraw. Thanks for being a good sport about that.
Jeff
Just like J.C. said. He said. He said give it a bit. Give it a bit for someone else.
Chip
Yeah, someone else.
Jeff
All right.
Chip
We're gonna do another one. Thanks, Charles. But I think, like. I think we're winning, like, once a month is fair. Maybe we'll think about that. Just because I want to see more people get into the badass Yetis. But, you know, I think every. I think after a month, it's fair game, right? I mean, everybody's in here. We don't control this thing. I mean, I know you guys think we do. I just hit the button. All I'm gonna do. Watch me hit the button. Ready? Here it goes. That's all it is.
Jeff
Charles win again.
Chip
If he wins again, then he's getting.
Jeff
No, you can only win once.
Chip
Mike. Mike, Is Mike here? Mike, are you here? Mike? Mike. Not that Mike. Mike. Mike. Mike Morath, are you here? Mike?
Jeff
That claim yours or be forgotten. Look at that win.
Chip
Mark says he's not here. Wrong. Mike. That's Mike. Mike. Yes, I am. That's Mike. Mike. Mike. See now, Charles, he says it's rigged.
Jeff
Oh, my God.
Chip
Oh, Mike said here. Did Mike says you have your wallet address.
Jeff
Are you sure we have your wallet address?
Chip
Yeah, I think you have it.
Jeff
I have it. That's like a month.
Chip
He DM'd it to me.
Jeff
I've got it here.
Chip
You got it? Yeah. Hang on.
Jeff
I'm searching it. All right, there it is.
Chip
So what we're gonna do. Let's.
Jeff
Let's spend two more list. He won two months ago.
Chip
Let's keep a list, okay? It's fair game. Two weeks ago, that would be a different story. No, I'm saying in the list. We'll check the list and make sure, like. Because I just want to. Just want to give other folks a chance to.
Jeff
I've got the list right here. I keep a list. We know who.
Chip
I'm saying. We'll check the list.
Jeff
Yeah. Oh, yeah. Check the list. Naughty or nice?
Chip
Axmus is not messing around. He's calling Lomas's office to report this yeti scam. This yeti draw implies XRP guys are. Are out to lunch. Losers.
Jeff
That's right. All right. Does this mean we have to transfer this bad boy over to. To Mike?
Chip
That's what it means.
Jeff
All right, here we go.
Chip
He's only the people. No, that's not fair. I mean, you guys, listen, you show up, you have a chance to win. I think we just put a time limit on it because. Because, I mean, Justin, you won. But that was a while ago. It was a long time ago. So mean. It's okay if people re. Win. I don't have a problem with that. It's just that I think we should have a. Yeah, winners deserve to win. I. I agree with that, but I think we, you know, if it comes up, like you win two times or three times in a period of time, you know.
Jeff
We'Ll leave it up to community decision.
Chip
If you guys think we should carry on, then that means we owe. If you guys think we should carry on the way it is, that means we own Charles. Another a yeti.
Jeff
That's right.
Chip
Oh, he has seven winners. Is that. Is that right, Charles? You did not win seven times.
Jeff
He's. He's definitely won quite a bit.
Chip
How many times did you win?
Jeff
He won some white yetis. He's one blue yetis. Yep. There you go. Of our mentalist. Oh, you know what we do have that we haven't done yet?
Chip
Chances.
Jeff
Once a month is good, you know, we should do. Because it would only be the fair thing to do at this moment.
Chip
Just give away some land.
Jeff
Give away some land. We have. We own. We own some land. It was actually donated.
Chip
Was donated by X. Let's give away some expector land.
Jeff
Give away some land. All right, we're gonna do.
Chip
MD Says once per month is reasonable.
Jeff
Some land. I don't have a song for it, but you guys get to see it. We're gonna do a draw. For some X factor land.
Chip
And we're gonna have to say there.
Jeff
It is right here. That's not it.
Chip
I want to go ahead. See, I'm going to choose the stream. I'm going to put in the word. I want to put land in there and I'm going to start collecting. So you got to put land.
Jeff
Oh, now we're gonna have to be here for like an hour.
Chip
All right.
Jeff
We need like, we need like a hundred of you guys. Everybody type some land or just type land. L A n D. It's an easy one to spell.
Chip
L A n D. You get. You'll get land and put it up on the screen. Jeff, pull it up.
Jeff
Going to. There's a battle. This is it right here. It's Hillside City in X.
Chip
This is an expectorant.
Jeff
Expect reverse zone 7, parcel 29. Number of plots 4. So you get this little 4 plot here in Hill City. Haven't been to Hill City.
Chip
You can build on there right here.
Jeff
You can definitely build in Hill City. Here's some spec on it. There's the map if you want to pull up the mat. Parcel, name, plot, plot, all the different. So there's four plots and then it's in Hill City, Hillside City, Zone 7. Let's look at the details. Issuer, transferable, burnable and then description. There you go. Expector land. NFT R1Z 7P29. Located in Hillside City, Zone 7 is comprised of parcel 29 and the following plots. 2315-231623-20321. Locate this NFT directly on the map right here. So let me try to open this bad boy up while you guys are all typing in land because it's exciting. You get to win some X. Spectre versus land. And then we're gonna open up the map. If it opens and I gotta sign in. Let's see if this is sign inable. There we go. I'm signing in. I gotta remember how to use it. Land picking by land. Let me see if I can go back in it again. Sign in again we go. Look at that. Let me go to land. Trying to go to the maps. I can get to maps here at some point. Maybe it's under. Maybe it's under by land. Oh, here we go. Bitmap island. I think this is it. It's not it either. All right, well, I'm going to put this over here. You guys can see that it's kind of cool.
Chip
It's a. It's a better verse. So you can build on top of that, you can build some property and stuff. And there you have it.
Jeff
Let's see if I can open up that map again and see if it brings me to the maps. Oh, please wait. Loading maps. Here we go. Aha. There we go, the maps. Let me get rid of this.
Chip
There you have it. All right, let's go ahead and give one of these puppies away.
Jeff
All right. And here you go. But here's the map. Hillside City, zone seven. There you go. We just zoomed in. This is the plot of land that you're buying. You're winning right in here. This is too close to the water too. What is. Oh, yeah. Oh, come on now. It's all sensitive. There we go. My trackpad's not. Allow me to maneuver this properly. What's going on? There we go. Ah, there it is. So there's the nft. You've got anything in yellow. You know, you. You have us available. Is in green. This is pretty cool.
Chip
We've got 17. Let's.
Jeff
Well, we gotta roll it. Here we go.
Chip
17, let's go. Here we go, guys.
Jeff
Giving away the land.
Chip
There we go. Now if Charles wins this, he gets it because this is a.
Jeff
This is a new thing, a brand new drawing.
Chip
It's all rigged, mom.
Jeff
It's all rigged.
Chip
Who's gonna win here? Jennifer Moore.
Jeff
Jennifer Moore. Look at that.
Chip
Hey, better, better, better, better swing, better swing. Bada. Jennifer Moore, Are you here? Jennifer? She has to be here because we just typed in land.
Jeff
That's right. It's brand new.
Chip
Need your Z. Oh, there's good. So Jen's here. Good.
Jeff
Mark said. My wife said she's leaving me if I don't. She's Eddie with the next three draws.
Chip
All right, so Jen is here. So, Jen, get your. Get your wallet. Get your zombie wallet, your dress. We'll send it off. You're the new proud landowner of this awesome piece of land right here. Let me see if I can pull this off here. There it is. In Hillside City. Beautiful. Jen. Winner.
Jeff
Ah, that's Justin's girlfriend. So she also has a badass yeti.
Chip
Dude, that's even better. There you go. Now she's. Now you have no yeti and no land, Justin. So there you go. Well, she should be on more of these because she used to be. It's awesome. Land pull. Okay. Way to go. It is.
Jeff
Look at that. Zombie wallet.
Chip
All right, beautiful. Jen's on. She's like, boom. She's like that. She'll mess around. Fantastic.
Jeff
Go to the YouTube. And now I gotta grab the Wallet.
Chip
Beautiful. You got to do something with that land. You got to build a little property on there. Put something on there. Fantastic.
Jeff
Hang on a minute.
Chip
To riff. Awesome.
Jeff
Okay, I got it. Here we go. We're gonna transfer this bad boy.
Chip
This is the first land grant right there. It is absolutely the first line. We got three more.
Jeff
I missed something. I missed something.
Chip
Let's see. So begins with an RS and ends in a Z J. Yep.
Jeff
All right. Here we go. Getting ready to transfer this bad boy. Here we go. In a second. There we go. And it is on its way. Transferring slide to accept. Scanning thumbprint. Verifying. Sent. Your transfer has been submitted. And it is gone. That's it. Jennifer is the proud owner of plot R1Z7P29.
Chip
Way to go, Jen. Awesome. Win two winners tonight.
Jeff
City.
Chip
We do have an OTC clubhouse coming in the metaverse. We do have one.
Jeff
We do. Look at that. We got to figure out how to be in the metaverse. Oh, that's right. Dallas. Dallas and Edmonton playing tonight.
Chip
And Justin, go ahead. If you want to. If you go to our website, you can email us. If you go to. On the chain, I'll show you where that's at on the chain.
Jeff
IO show you 39.
Chip
Share screen. If you go to our. If you go to our website here.
Jeff
Oh, that's right.
Chip
Go to the contact button right there. And then you can. There's our Twitter. There's me. We still have Twitter. We got to change it to X. But. But just type it in here. If you type in your name, your email subject, just type in x39. And then we'll go ahead and we'll get that email. We'll hook you up.
Jeff
Hook you up with some extra.
Chip
Hook you up. So go ahead and just. And make it easy so you don't have to look around for it. I'm gonna drop it right in there. Boom. There it is.
Jeff
Nice.
Chip
Yeah, that is looking good. Florida, Edmonton, rematch.
Jeff
Oh, man, I'm so excited about that. That's gonna be such a great rematch. I'll tell you what it's gonna be.
Chip
That'll be fantastic.
Jeff
I mean, Dallas won't be a sleeper to. For Edmonton must be in the third period by now, right? Didn't it start at eight?
Chip
Oh, thank.
Jeff
Yeah, it's in the second period. Eight minutes. Edmonton Oilers, three to one over the Dallas Stars right now. Look at that. Three to one. It's in the second period. So anything's possible. Yeah, but Edmonton crushing them right now. Let's go. That'd be such a great rematch.
Chip
Beautiful. Well, guys, that's it. We gave away two things tonight. We are now going to. Way to go, Cash. Velocity. Appreciate that, man. Appreciate all the support from everybody tonight. Really awesome you got everyone being here. Especially stayed for an extra drawing. Very good. Not the only one on next.
Jeff
Everybody's on the tube.
Chip
The tube. Yeah. A lot of people watch it on X. We actually have bigger. Bigger following on X, which is really wild. A lot of people watch it on X.
Jeff
That's right.
Chip
I wish we should. I wish we could also put the YouTube channel there. Some people prefer some of the. Some of the things that it offers, but that's it, guys. We will see you on Saturday morning. Back here Saturday. A lot of fun. Ice. Ice, baby.
Jeff
That's right.
Chip
Nice. Ice, baby. And that's it, guys. We'll see you on Saturday. Chip and Jeff.
Jeff
Oh, out.
Chip
Are you down with otc? Please, like, subscribe and click the bell to be notified when the next video drops.
Podcast Summary: XRP Set to Explode in June? Ripple’s Prime Broker Deal + XSGD Go Live
Podcast Information:
Introduction
In this episode of On The Chain, hosts Jeff and Chip dive deep into the recent developments surrounding XRP, Ripple’s strategic moves, and the broader cryptocurrency landscape. They discuss major catalysts that could propel XRP's value in June, regulatory updates, global crypto trends, and engage with their community through giveaways and interactive segments.
XRP Developments
Ripple’s Acquisition of Hidden Road (00:01–05:22)
Jeff initiates the discussion by highlighting Ripple's significant move to acquire global prime broker Hidden Road. This acquisition positions the XRP Ledger (XRPL) for institutional adoption and expanded Decentralized Finance (DeFi) capabilities. Jeff remarks, “June could very well be a breakout for XRP with Ripple acquiring global prime broker Hidden Road and the launch of XSGD” (00:01).
Launch of XSGD on XRPL (02:47–08:31)
Chip delves into the launch of XSGD, a Singapore dollar-backed stablecoin native to the XRPL. He explains that XSGD is fully regulated, backed one-to-one by reserves held by DBS Bank and Standard Chartered, and aims to enhance cross-border payments and tokenization of assets. Jeff adds, “XSGD already available on Arbitrum, Avalanche, Ethereum, Polygon, Hedera, and Zilliqa” (08:22), emphasizing its broad accessibility and utility.
XRP ETF Speculation (31:17–34:46)
The hosts discuss the potential approval of a spot ETF for XRP, which could act as a major catalyst for its price surge. Chip references a report from Uphold suggesting that June 2025 might be pivotal for XRP, with a possible ETF approval on June 17 (32:03). Jeff is particularly enthusiastic about the ETF's impact, stating, “XRP comes out as a spot ETF, it also is probably coming out in those low digits now all of a sudden you jump into a spot ETF” (34:46).
Regulatory Updates
Blockchain Regulatory Certainty Act (BRCA) (17:13–45:57)
Jeff and Chip cover their previous interview with Tom Emmer, who reintroduced the BRCA. This bipartisan bill aims to provide legal clarity for digital asset developers and service providers who do not custody consumer funds, classifying them as non-money transmitters. Chip notes, “This bill provides that clarification and will help the United States remain a leader in the crypto space” (44:46). The hosts commend the bill's potential to foster blockchain innovation in the US.
Global Crypto Landscape
UAE Fintech Summit and Regulatory Clarity (45:57–54:48)
Chip highlights insights from Reese Smithson at the Dubai Fintech Summit, emphasizing the UAE's forward-thinking regulatory landscape. The UAE's supportive frameworks from entities like the Dubai Financial Services Authority facilitate secure and interoperable payment systems, positioning the region as a hub for crypto innovation. Jeff echoes the sentiment, stating, “What a really cool development... everything's already in place” (54:48).
Comparison to US Regulatory Environment (21:22–37:34)
The hosts contrast the UAE’s regulatory advancements with the current state in the US, where regulatory uncertainty hampers crypto adoption. Jeff urges listeners to advocate for clear regulations to prevent blockchain technology from moving overseas, reinforcing the importance of proactive legislative measures.
Political News Impacting Crypto
Trump’s Meeting with South African President (01:29–69:00)
Jeff and Chip discuss President Trump's Oval Office meeting with the South African president, focusing on the contentious issue of white farmer persecution in South Africa. They critique the administration's diplomatic handling and the lack of concrete information about the alleged violence. Notable quote from Jeff: “It's absolutely outstanding” (94:46), reflecting his frustration with the administration’s approach.
Market Analysis
Uphold’s Report on XRP Ledger (30:12–31:42)
Chip reviews Uphold's Q1 report, highlighting a 142% increase in daily active addresses on XRPL, signaling growing adoption. Jeff discusses how the stablecoin's integration enhances on-chain settlements and programmable financial flows, making XRP more utility-driven.
Tokenization and Stablecoin Integration (05:22–06:51)
The conversation shifts to the broader implications of tokenization on XRPL, comparing it to Ethereum's smart contract ecosystem. Jeff emphasizes the transformative potential of tokenizing real-world assets, stating, “It actually makes more sense for it to be a stable coin than it does to be XRP” (06:51).
Community Engagement
Community Leaderboard and Giveaways (53:49–91:56)
Jeff and Chip engage with their audience through a community leaderboard and giveaways, distributing digital collectibles like "Badass Yetis" and NFT land. They encourage listeners to participate by sending messages and super stickers in the live chat to earn experience points (XP). For example, Chip announces, “Jennifer Moore... She has a badass yeti” (89:48).
Merchandise Promotion (72:07–74:00)
The hosts promote their merch store, offering discounts with the code XRP589. They showcase various apparel and drinkware items, encouraging listeners to support the community by purchasing merchandise.
Controversies and Industry Opinions
Criticism of Cynthia Lummis and Bitcoin Maxis (12:11–19:19)
Jeff and Chip express frustration with Senator Cynthia Lummis and Bitcoin maximalists who criticize Ripple and XRP. Chip cites interactions and social media criticisms, illustrating the polarized views within the crypto community. Jeff emphasizes the need for regulatory support over partisan conflicts.
Fast Company Article on Crypto Navigation (24:12–27:21)
Stu Alderati, General Counsel at Ripple and president of the National Cryptocurrency Association, authored an op-ed in Fast Company addressing how newcomers can navigate the crypto space beyond the hype. The article dispels stereotypes, highlighting the diverse demographic of crypto users and emphasizing the importance of doing one’s own research (26:32).
Miscellaneous
Sports Updates (09:03–10:01)
Brief updates on sports events, including Tottenham's victory over Manchester United and the Panthers' win over Carolina, are shared, adding a casual and engaging element to the episode.
Announcements and Technical Issues (77:00–93:17)
The hosts encounter technical difficulties during live giveaways but maintain an engaging and humorous tone. They discuss upcoming sports rematches and promote their metaverse clubhouse, encouraging listeners to stay connected.
Notable Quotes with Timestamps
Conclusion
This episode of On The Chain offers a comprehensive exploration of XRP's promising developments, Ripple’s strategic acquisitions, and the launch of the regulated XSGD stablecoin on the XRPL. Hosts Jeff and Chip provide insightful analysis on regulatory advancements, global crypto trends, and engage their community through interactive segments and giveaways. With potential catalysts like the XRP ETF approval on the horizon and expanding institutional adoption, June appears poised to be a significant month for XRP. The hosts also address ongoing political and industry controversies, reinforcing the importance of clear regulations and community support in driving the crypto ecosystem forward.
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