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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 on time world, you know who you are. You know who that On Time person is. It is 8 o' clock someplace. 8, 19 someplace else. XRP's global takeover. That's what we're going to talk about today. We're going to talk about the new financial order. I know you guys want to hear about it. I know you guys want to FOMO all about it. I know you want to hear some FUD about the US dollar and gold and bitcoin. So we might even get into that part too. Usdc, rl USD. Are those the new currencies of the day? What's going on with stable coins? Why are stable coins replacing crypto at such a rapid pace? We don't even know what's going on. And a new global war threat looming on the horizon? Or is it just one country just taking care of some business, cleaning up some some stuff. So we're going to get into that as well and so a lot of things to talk about and it is happy anniversary army day as well. So 250 great years. It's pretty amazing. So we are gonna dive in head first right into the shallow end ship for what?
Chip
For maximum impact, Jeff. Yeah, for maximum impact. We got a long way to go in a short time to get there. So let's go. Welcome to on the Chain. Welcome everybody. From on the Chain. Drop where you're coming in from. We got Ray Run coming in from la. She's in la. But there's also Chase Cake Log from Crown Point, Indiana of course. Chad always in from celebration. Always a celebration here we got YETI country, Colorado. This is over which I love these guys because getting up extra early just to kind of check in on the show here.
Jeff
And then when we're like, damn, these guys are late. I got up early.
Chip
Yeah, I know. Well, we had some. Yeah. There's always something technical that's going on that's either that's can needs to be resolved. There's always something going on here.
Jeff
That's now Taco Bell job applications. There you go.
Chip
Very good. No kings, no king day as well. And f a f o f around and find out.
Jeff
It'll be awesome.
Chip
It's gonna work. And we got. It's going to be EA in the house. Charles coming in from Pittsburgh, Pennsylvania and man, they signed Aaron Rodgers for $13 million. Pittsburgh Steelers pretty amazing. We got JC with the Yeti already got two Yetis in here already, Jeff. This is a good sign. We're not even two minutes into it. We have two Yetis. So you know what to do. Type in yeti. We're going to be giving away a white tribe Yeti today, so go ahead and do that genius act. Yep. Vote on Tuesday, which is great. Hopefully that should start to see a little bit of momentum building here. Starting to see some things move. Got that big beautiful build that you got a lot of rhinos that are still strung out on it because they're stupid people and the massively compromised. But we will get into that as well. But let's jump into some of the crypto news here today. We'll jump into this. Jeff kind of alluded to this in the beginning, but we think about what's going on the xrpl. It's pretty amazing. Ripple X put this out one chain global adoption. So now if you think about this, this is a pretty new development. If you think about the fact that this didn't exist a year ago, I don't believe these are all pretty much in the last year. So now you have all of this stable coins on the XRP ledger. Of course you have the Ripple USD, which is obviously on chain. Then you've got usdc, which is Circle. This is a big announcement which we'll jump into, Jeff. Jeremy Allaire was excited because he became a billionaire when they IPO'd and he was ecstatic. I mean imagine you'll show up there and all of a sudden you have a struggling company trying to keep it moving for all these years. I remember I tell the story about how I bought my first bitcoin on circle back in 2013. So they've been around a while and to the IPO. Then their stock opened to 30 and then it went up to 130 or 140, which is pretty good, I think. I don't know what the price is right now, Jeff. Maybe you can check it. But we also have XSG D which is Straits, that is stablecoin Rails right there we got also Europe has the first, this is the first euro stable coin that's on the XRPL and that's Human Financial. And then of course Brazil with the usdb, that's Braza bank out of Brazil, which is phenomenal. It's really some exciting stuff, Jeff. So I mean XRPL ready for the builders, institutions and users who demand fast and compliant stable coins. And then we'll talks a little bit about this one. Was this written July June 12th look at that. There you go. So it talks a little gets a little bit more into it kind of goes into each one here. So the excess GD was launched by Straits one of the most regulated and widely used stable coins in Asia Backed one to one by the Singapore dollar issued by a licensed major payment institution regulated by the Monetary Authority of Singapore. It's already ready on live on multiple change which is fantastic and this is going to be the way you're going to see everything launch on multiple change Launch on XRPL makes it easier to navigate fast low cost payments within a region known for its digital innovation and it's a cross border trade I talked a little bit about the Europe Europ from Schumann Financial and then recently Braza we covered this a couple weeks ago in Braza the Braza Group Bowser bank launched USDB out of Brazil So why does it matter? Well because it's these high quality stable coins represents more than five assets signals a broader phase of global institutional adoption for XRPL and that's the key thing it's like when you start getting these outside people it's a real chain now there's a lot of adoption going on, a lot of building going on. I mean we've been talking about it for the last six months 2025 has been a really good year for the XRPL. Of course the digital asset XRP retains remain tains a pivotal role supporting stablecoin uses by use cases by enabling efficient liquidity between assets empowering fast settlement and serving as a bridge in the cross currency transactions particularly across the XRPL's built in decentralized exchange a user holding USD back tokens can then go ahead and directly trade with them for let's say Europe back token on the XRPL decks with orders executed within seconds without any centralized intermediary and everybody knows of the don't that the very first decentralized exchange was on the XRPL and it remained that way for many many years. It was years before somebody launched another decentralized exchange so it's pretty amazing. Jeff, what are your thoughts on this?
Jeff
Can't pay attention. I didn't hear anything you said Honestly that's good.
Chip
I love the I love I've got.
Jeff
Music blaring in the background still trying to the song for today because the song wasn't participating earlier today I want.
Chip
To announce that it's something 22 seconds.
Jeff
And as I was going through it everything was perfect and then for some reason it decided it was going to put A whole different edit into the music. So now I deleted it and now I'm re editing it all over again so. Because it just made no sense. So today is not a technical day, but the xrpl, I'll tell you what, you know, I'm thinking, you know, just overall, you know, the direction that we're moving in with the stable coins and we're moving quickly away from mainstream adoption of crypto and we're moving faster into adoption of stablecoins, which makes more sense from a financial institution perspective. You know, there was a lot of, you know, a lot of FOMO, you know, for the past 12 years that crypto is going to replace currency. And I think we are probably one of the few that cap kept a level head on the whole idea notion that crypto was not going to replace currency. It's, it was almost an impossibility for it to replace currency. No country in the world is going to give up their sovereign currency. However, you know, when you start thinking about reserves and things like that, that changes a dynamic. And if you have a basket of goods of currency, it changes the dynamics. If you have a basket of precious metals, it goes into a reserve, it goes into the treasury. Putting bitcoin in a basket of currency, of cryptocurrencies into a treasury because they have some form of a value starts to make sense. But it has to have global recognition, global adoption as a recognized store of value. Now, that being said, the back end workings, and you and I talk about this so many times over the past years, nobody cares how you get into your car and the engine works for the most part. Some people love it because they want to fix their own car, but for the most part, you want to hit the turn the key or push the button. The car works every so often you got to put gas in it, then you bring it to the mechanic to figure out the other fluids and stuff like that. And that's all you want to know, right? So why would financial technology be any different? There's going to be a handful of people that are going to be passionate about the ones and zeros and the inner workings of it and all the infrastructure that goes behind it. How do you build the infrastructure? How do you run the infrastructure? People are going to love that. Then the rest of the world, man, if I can just spend my money and move my money faster, protect my money, make sure it doesn't get stolen, if they, if you can tell me that there's new financial asset classes where I can own shares of real estate, real Simply and chip, if I want to transfer my shares over to you. So through the tokenization I can do that and I can do it quick. Right, that, okay, that. Perfect. And if it can all be done over the xrpl because again, probably one of the most efficient chains that's have, that's been built for a specific purpose which was moving money. And if you think about the decks that is inherent in the XRPL and the other technologies and the simplicity of, of of utility and the, and the low cost of utility, that's the backbone, that's the infrastructure. Now we need the real utility, you know, so I think we need so much more to where we need to go to where it's running, functioning and moving the financial institutions. Now again, all that being said, the financial institutions aren't going to move the currency, you know, from a real, a real world, real stream perspective because it's not stable. Not, there's not one cryptocurrency that has any true stability because then it, it's no different than the whole basket of global currencies. You might as well be trading rupees, you know, that have massive fluctuation. So why not just go to a stable coin? If you go to a stable coin, it's got to be pegged to something. Right now the global reserve currency is still the US Dollar, it's still the most stable. But you could have a stable, you know, USD, you could have a stable Euro, you can have a stable, go to the stability globally based on what our history has been and make it a stable coin which utilizes all the proper technologies, utilizes the xrpl, that, that's how I see it. This is where mainstream utility comes from. But there's still so much more where the actual cryptocurrencies have to be in the back end on, you know, from a structural perspective and when we start getting into to tokenization, NFTs, what, you know, all the different things that can be done from that perspective. We're just starting to see the beginning stages of mass adoption. So it's, it's, it's very cool, Very cool.
Chip
Chad says, I'm not electrician but I can flip a light switch. Damn right you can. I want to go to some of the comments. Dean Robinson says. Good morning gentlemen. Dean from Minnesota, our governor, Wall SK escaped again to make himself a fool in dc. Oh, don't worry, we pulled the clips there, Dean Robinson. We've got the clips on walls and making a fool out of himself because it's fantastic. He got hammered. Happy birthday U.S. army, it's yeah, 250 years old. They're having the parade today and then they're doing the, the no king thing that's been massively funded and they're using the IRS to track down the money. They're finally using the IRS for something real like who's funding all this stuff? Where are these bricks showing up and all these, these cement things that are showing up that people are crumbling and throwing. So they're going to get to the bottom. Exactly. What's going on there? He says does XRP itself have a chance? Oh yeah, for sure. Absolutely. Seems like the best to be designed. So that's does, you know, as Jeff said, it does. I mean it does also play a part too in moving on. It does burn. You do burn some xrp. So it is necessarily used but really on the liquidity side. So you're going to see now we have all these ETFs. They're not all spot to ETFs, but there's something like 18 or 19 now when those launch too, you're giving a wider exposure to more people. And as Jeff always says, like the widespread adoption, we talk about the complication of like, oh, what do you do? Well, you just get a wallet, you do this, you click here, you go to this exchange. Too complicated for people. But if people can get into an ETF, whether it's a 401k or it's accessible through one of their brokerage accounts, it's easy to get into. Right. And this is where, this is where XRP becomes very significant. And the fact that there's so many of these and the fact that the U.S. government at some point is one of the four tokens that, you know, Ethereum, XRP, Solana and what was the other one? Was it, was it. There's one more in there that I can't recall it, but this is all significant and it bodes well for the price. The price guys and the charts. Everybody's saying from, from, from, from, from BB back. I mean what's I say Bitcoin back or no? So all of the chart guys are saying that it could be a pretty significant. And they're not calling for crazy stuff. They're saying six to ten dollars within the next year. They're seeing it, right? The charts are seeing it. That's what they're calling for. Ricky Ricardo says, why hasn't the mysterious founder of Bitcoin met with President Trump yet? Yeah, because nobody knows who that is. Jim D Says that XRPL might Become a one stop shop for playing currency arbitrage between national currencies. That's a good point. It's exactly what it might become a good arbitrage between the because especially if you have more and more that's where you'll play the arbitrage game there and we got crypt OG who's also an OG in the space coming in here to the OC so it's good to see that there's some stuff on there. You know as you know Apex happens We got a couple clips from Apex but Vet was there and Vet said I asked David Schwartz a question for the ask me anything at the XRPL Apex. He asked if he sees a path forward or for protocol initiatives that would work with current XRPL design philosophies and in short yes for non block producers but they aren't really too great. They could work with programmability on the XRPL's fees and extra compute could go to the validators. The problem is you probably would have to run into the bottom scenario validators bottom scenarios where validators would want less other validators and participants as they eat into their fees etc Talked a little bit about Jeremy Laird talking about Circle facted Circle. That's a good game too right? If you're. If you. All right. So we heard all that dust up Ripple trying to buy circle before it IPOs. Well they did IPO. It was way more successful than anybody thought. It totally surpassed with the analyst thought but what's interesting about that is on the heels of going live on the ipo doing the IPO they launch on the XRPL power move. Huh? Is that a power move? It's great because it's more accessible and the fact that they were able to go ahead and get on the XRPL right away they launch USDC on the XRPL developer institutions users gain the support of the world's largest regulated stablecoin. So now you've got a choice, right? You can use RL USD, you can use Circle and some people said that would that you would never see Circle on the xrpl. Well prove them wrong. Jeremy Allaire he's the CEO of of Circle said we are excited to launch USDC on Ripple's XRP ledger expanding our stablecoin network with more ecosystems you want that is on many changes you as you can get on right? That's the whole point of this whole thing. So I thought that was fantastic. We also have a few clips here from the XR PL Apex at watching all that stuff in my feed made me feel like I really wish I was there. I really wish that I could actually be there to, you know, see what's going on. We have a clip here from David Schwartz. They're both short clips, but some of the ones that I pull, a lot of times people film them, so the audio wasn't that good, so it's hard to show them. But we have two clips here, one of them from David Schwartz, who was up on stage and also with Brad Garlinghouse. Let's take a look at what David has to say.
David Schwartz
Imagine the xRPL ecosystem in 2030. What's something that you hope it does that it doesn't today?
Jeff
Seamless interoperability, I think, is the big one. If users have to think about where things are, they're going to get a terrible experience. The great thing about the Internet, when you use the Internet, you don't have to think about where you are, where the server is, or what technology it's using. The Internet just. Just works, right? And so as a result, when you build tools for the Internet, I was.
Chip
Like, it sounds very familiar what he's saying, right, Jeff? We're saying it in 2025. He's talking about 2030, but he's. And it's funny because I didn't look at this clip or the Garlinghouse clip. I just heard the audio was good. I'm like, I will play him. But it's funny that we just got.
Jeff
Done saying that everybody can use them. What I want it to do that it doesn't do today is provide that kind of seamlessness to provide a talk target market that people can aim their products and services at and provide that user experience where you feel like there's a million different things that you can do and they all just work. That's how every technology gets mass adoption.
Chip
Not wrong about that. It's absolutely 100% spot on. I mean, it's everything we said. But he's saying by 2030, it'd be totally seamless. Right now, it's not totally seamless, but this is where the big. This is where I think that ripple could make a play. Especially if they approach the banks and they start doing the custody. Because now they got the custody solution and they've got pretty much every service possible. Because the fact that you can custody services a bank, that makes it way more accessible to so many more people than. Than having the way it is now, Jeff, is like, okay, it's. It's a. It's a mess. It's even a mess for people that have been around it a while. But here's Garlinghouse, here's, here's the spot segment I chose here as a, as.
Jeff
A community, I mean that broadly across Singapore, across Southeast Asia, you have a community of entrepreneur. Like, the energy that I feel being here, I mean, it's, it's, I think, profound. And so I think this will continue to be a region that thrives and leads, and I think you'll see more and more faster adoption, partly as you see the US as a regulatory leader that a lot of other countries look to the U.S. i think people grossly underestimate, underrated, how much momentum is going to be created by the largest economy in the world finally shifting into a pro innovation, pro crypto posture.
Chip
Yeah, he's not right. He's not wrong about that either. I do think that it will spurn a lot of innovation. You see other people moving back here, especially to get rid of the, you know, for tax incentives and whatever. But you have to say that pro innovation, you can focus on the crypto regulation, but crypto regulation is what makes the pro innovation possible. Jeff. So that's a, that's a huge deal right there, man. It's a huge deal.
Jeff
I think so.
Chip
Now, I, I thought this was, I thought this one was pretty funny. So Neil Hartner, who's a developer over there at Ripple, I saw him post this and I, I had to laugh a little bit. Hang on a second. Put this in the right order here. So, yeah, let's do this here. So Coinbase Assets, which is the account of Coinbase, it talks about the different things that they're launching, the different new assets. So FartCoin is now live. Seriously, Fart Coin is now live on Coinbase in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or stor store these assets. Neil Hartner says, me, crypto is not a joke. Coinbase Fart Coin is now live on Coinbase Hardcoin. Can you imagine, like writing this thing, you're writing it up and you're like.
Jeff
Fart Coin, Art Coin, you gotta love it.
Chip
Well, I'll tell you what, I mean, not that we would ever create a token, but it would be fun to see something like yeti Coin is now, you know, live on Coinbase Assets. Not that we would tell you what.
Jeff
I think we need to launch one the meme Coin craze, you know, so what, you know, we need to have our badass Yeti's token. Just because why not?
Chip
Well, let's make sure legislation is there first.
Jeff
Who needs legislation? We don't need no stinking badge trying to get out.
Chip
We're trying to avoid jail time and any bloodshed. That's what we're trying to avoid, Jeff. That's the whole. That's the whole key thing right there. We're trying to avoid. Try to get away from all that stuff. We don't want any of that bad stuff to happen. Almost there.
Jeff
We can. We'll create a stable. A stable coin backed by a yeti?
Chip
Yeah, sure. Well, you gotta remember, what's it going to be backed by?
Jeff
It by the yetis. But yeah, it's gonna be backed by Snow, my buddy.
Chip
When he. When I told him, he goes, I don't trust crypto. I go, well, do you trust the USD, the US Dollar? He's, yeah, I trust it. I go, what's it backed by? It's backed by the US Government and the military. I'm like, it is. I'm like, okay, it's not backed by anything. It's backed by an agreement that we agree that it's worth something. That's. It doesn't. It's not worth anything.
Jeff
I'm a sorry note.
Chip
Yeah, it's a promissory. No, it doesn't worth anything. I go, look, crypto has a value. Crypto changes. You can, you know, if you want to transfer it to you at your USD, you can. He's like, he's been this naysayer for so many years that I've known him.
Jeff
Does crypto really have a value?
Chip
Yeah, well, it has a use case as value backed by. It's backed by the. It's backed by the entire community.
Jeff
I mean, you know, that's. And I think that's. That's the exact same as USD. It's back USD. That's the point, right?
Chip
Yeah. I mean, well, you can back it by whatever. I mean, stable coin is backed by that. But it's the same thing as, like, the stock market, the company. You look at the quarterly earnings, they're down, they miss their targets, and then somehow it's stabilized or it goes up a little bit. I'm like, some good news. And it's like, okay, but they're losing money hand over fist. So all. You know, the whole thing's based on an agreement that we've all agreed that it's worth something.
Jeff
Right? That's exactly.
Chip
Crypto, a lot, largely is backed by many. You know, I think Mark Smithson brought it up earlier as utility. You Know, real utility is what drives, you know, the price. Now, meme coins, a lot of times they don't have any utilities to speculation. And how any of this price movement works is a mystery to almost everybody. Nobody can explain it, nobody understands it. But apparently it goes up and down by some mystery. Who knows? All the good news that Ripple has put out, all the good news on the xrpl has not moved the needle. It's gone down. Apex. Every year almost, we always see a drop in xrp, so. Oh, it's. It's a very. It's a very strange thing. Fart coin. Toilet paper says, there you go, right there. You get far coin. Wallpaper. There you go. Bart coin. There you have it. Can't wait to go to one of these events. Yeah, it'll be great. It's great. I mean, it is great going to there. I mean, we enjoyed going to Australia last year.
Jeff
That was awesome.
Chip
I went to the proper party that Ripple held and met a ton of people. Was really fantastic to meet.
Jeff
So I've been to that one. That would have been awesome.
Chip
It was good.
Jeff
I had a birthday party to go to.
Chip
Yeah, it turned out it was your birthday party.
Jeff
That's right.
Chip
Your family was there. Where are you gonna show up your own birthday party? It's kind of an odd thing, so. And of course, you just had xrp Las Vegas. Now we have Apex. But I'm like, dude, how. Why don't you hold Apex in, like, Miami, somewhere cool? How? Freaking Singapore. Like, who wants to travel to Singapore? I'm sorry, dude. Exactly. It's like, you know, it's. It's. It's.
Jeff
Especially nobody on in that part of.
Chip
The world 20 some hours. I don't care about that part of the world. I mean, a lot of people. Dude, you have Apex here. It's gonna be rushed. It's gonna be.
Jeff
Oh, it's gonna be amazing. Oh, you do it in Miami, that thing, It'll just be packed. Packed with people. Miami would be the ideal place for Apex. I mean, not New York. Don't do anything in New York City.
Chip
Nothing in San Francisco? No, no.
Jeff
Nothing on the west coast. On the left coast at all. Miami. Miami is the ideal place. You could do it. Atlanta, maybe. I wouldn't mind Atlanta, but Miami or Atlanta, no place else. Maybe Scottsdale. Scottsdale would be kind of cool, but I don't think it would have the draw. Miami would have the draw, for sure. You'd get so many people there. Just like that. That bitcoin thing in Miami. What was that that art basil thing.
Chip
Too, or the art basil every year. But we went to the big one of the bitcoin. That was one of the biggest annual bitcoin things that they had. Or New Orleans could have it there. New Orleans says instead of hurling insults to others on social media, conflicted parties can then hurdle. Hurl fart coins.
Jeff
Yeah, you know what?
Chip
Send it to the favorite charity. Transforming negativity into positivity. I got Jim D coming up with some use cases, and instead of a.
Jeff
Thumbs up, you get a fart.
Chip
Get a fart. You just got a fart coin. Yay. That's fantastic.
Jeff
Hey, how many yetis do we have?
Chip
We've got eight in the. So far. So eight of you have typed in yeti maybe more than once. It only registers at one time. So if you type it more than once, it doesn't really matter. It just doesn't matter.
Jeff
Well, I've got. I have a 2 minute and 20 second. 2 minute and 27 second video.
Chip
Let's do it. All right, here we go for the yeti, guys.
Jeff
And this one. This one's actually pretty solid. I could probably even crop it down.
Chip
Further, but this in the house.
Jeff
Gulf Coast. Here we go. Check this out.
Chip
Badass yeti from the White Trout clan. No problem.
Jeff
No stomp, no cry.
Charles
What?
Chip
The word of the day.
Charles
Say it loud. Say it loud.
Chip
Market.
Charles
Tap it. Claim your ground.
Chip
Miss this. Your.
Jeff
Wallet.
Charles
Ready?
Chip
Oh, for real? This isn't just a drop. It's a W out.
Jeff
Fast. Call it. What's your legacy?
Chip
Claim your badass yeti or disappear like you would never hear.
Jeff
Sam. And there you go.
Chip
Sober. Says it's a little early for a rave, isn't it? No, it's just.
Jeff
It's never too early because it's late.
Chip
In other parts of the other parts of the globe. Over here.
Jeff
I toned it down a little bit from. From the other night.
Chip
Yeah, I see. The.
Jeff
Toned it down a little bit.
Chip
You remove two F bombs. I see.
Jeff
Right. Only just really needed the one.
Chip
Just the one.
Jeff
Just the one for emphasis.
Chip
That's all we. That's all we needed. So who was it they've talked about? Let's see. Let me go back to the thing. Yeah, it was Dean Robinson. So we're gonna go to Tim Wallace stuff here. Let's open it up with this montage about Tom Emmert posted on X to kind of set the tone for this. But let's take a look.
Jeff
He's likable until you start to get to know Tim Walls and his policies.
Kathy Hochul
Donald Trump's modern day scapo is scooping folks up off the streets.
Chip
He's sleeping at 3 o' clock this morning. There's ICE agents out there arresting public safety threats and national security threats in his state. You ought to be thinking ICE and not vilifying them.
Kathy Hochul
Giant ice rain happened in Worthington.
Chip
But who asked me to look around.
Kathy Hochul
At all the children are crying. He said this is what terrorism looks like in America today. He talks about this wall. I always say, let me know how high it is. If it's 25ft then I'll invest in the 30 foot ladder factory.
Tim Walls
ICE St Paul also arrested a citizen of Mexico who was convicted of possessing pornographic material of a minor on a work computer.
Jeff
Tim's been a complete disaster in Minnesota. Two days after his arrest last August he walked out of jail. ICE had placed detainer on him. People was allowed to go free from Minnesota. Who's. I mean, he's a sick puppy. He's a sick puppy.
Chip
He's a sick puppy.
Jeff
Love that.
Chip
That's a great line right there. So Walls was in a hearing this week and let's take a look at this guy. He pretends like I don't know. I never said that. Nobody knows. Well, you know, Internet's forever. So we know. You know, listen, if you, if you're going to be that much of a coward and can't even own up to your own statements and defend your own statements, then don't talk. Then don't make them dummy. Here's one. Here we go.
Kathy Hochul
That, that the Biden here.
Chip
So this is comer. This is great. This is so fantastic. The way he takes him apart and there's dummy Tim Walls, one of the dumbest humans on earth. You gotta, I gotta be thankful for one thing. The Kamala Harris picked this nut job like she could have picked Shapiro. Like Shapiro is a good, he's a good politician. He talks well.
Jeff
Extremely.
Chip
Yeah, he can get his ideas across. This dude is just. He was jumping around stage and this was the guy that was gonna pull in the male voter because he's a hunter, you know, he's like Elmer Fudd hunting. You know, if, you know, after that rabbit weskerly wabbit, you know, he's, he looks like Elmer Fudd. But this is common.
Kathy Hochul
Do you believe that, that the Biden Harris administration secured the border? You mentioned it's the federal government's role to secure the border to protect Americans from illegals entering the country? I guess. Do you, do you think they did a good Job of that. I think the border has been broken for a very long time through many administrations. It's one of the reasons why Vice President Harris was advocating so strongly for the bipartisan bill that. Did she mention her role as the border czar any. When you all were out campaigning or not that I can recall. Other than that, we talked about the need to pass the bipartisan border legislation that would have done many of the things that as a governor I know would have made our jobs easier. But President Trump secured the border without any legislation. I mean, that was kind of a myth that was in the media and a Democrat talking point that we needed legislation to secure the border, the border secure, everything's fixed. That's step one. Step two is to deport the criminal illegals. And that's where we're facing obstruction in, in your all states.
Chip
So they, they, this was their talking point. We need legislation. We need to say, well, Biden comes in, undoes all the executive orders, borders wide open, he signs them away. And they, and they said if they just passed this bipartisan. Right. So this was a classic, if you remember Trump at the. Well, it wasn't a, this was just I think in March. But if you remember this, this is what he said about it.
Jeff
The media and our friends in the Democrat Party kept saying we needed new legislation, we must have legislation to secure the border. But it turned out that all we really needed was a new president.
Chip
Remember that? That's all we really needed. And he, and he's like, well, President Trump didn't need any legislation. Oh, we were really fit. We needed that bipartisan. No, we didn't, dude. And she was the, the border czar. Remember? That was the funniest part. She was the border czar. She was also the aizar.
Jeff
Right. She did such a great job with all of them.
Chip
So here she is again. This is, here's another clip of Tim.
Tim Walls
Walls calling for ICE agents to be brought to a tribunal under the threat of death by comparing them to the Gestapo.
Kathy Hochul
Everyone is before to due process.
Tim Walls
What don't you understand about yes or no? Like what can't you comprehend about yes or no questions? You still want to abolish ICE? You still want to abolish ICE? Yes or no?
Kathy Hochul
That I wanted to abolish ICE.
Tim Walls
Didn't you march in a rally calling for ICE's abolishment?
Kathy Hochul
Not that I can recall, Congressman.
Tim Walls
Well, according to widespread media reports, you did.
Kathy Hochul
And the media is always.
Tim Walls
How do you rate Kamala Harris's job? As borders are. I want a number between 1 and 10. How was she? As borders are?
Kathy Hochul
I wouldn't have a way to measure that. I was not in the administration.
Tim Walls
Weren't you her running mate for vice.
Kathy Hochul
President, as in the campaign, and you.
Tim Walls
Can'T rate her role as borders are. On a scale of 1 to 10, was she great at 10 or was she a 1? Terrible.
Kathy Hochul
I think her proposal that she put forward to make sure we had the bipartisan immigration.
Tim Walls
It wasn't bipartisan. Did you ever personally speak with Kamala about Joe Biden's cognitive collapse?
Kathy Hochul
Not that I can recall, Congressman.
Tim Walls
Not as her running mate for vice president. You never once talked to her about the president and why she was nominated instead of him?
Kathy Hochul
No, not that I can recall.
Tim Walls
What kind of operation were you guys running over there?
Kathy Hochul
I was more concerned with Donald Trump's cognitive.
Tim Walls
Thank God he's things that we. He's president and J.D. vance is vice president and not you. Have you ever served in a combat zone, Governor?
Kathy Hochul
I have not, Congresswoman.
Jeff
Okay.
Tim Walls
Are you still friends with school shooters?
Chip
Now, you remember he famously slipped and said he. I mean, this is fantastic. He said he was friends with school shooters. I think it was obviously, you know.
Jeff
Yeah.
Chip
I don't think he realized what he said, but now he doesn't recall saying it at all. She's hitting him on everything, Jeff. She's punching him.
Jeff
Oh, yeah.
Kathy Hochul
I have never been a friend with a school.
Tim Walls
Didn't you say you were friends with school shooters on the debate stage, Congresswoman?
Jeff
Yeah.
Tim Walls
Is bullying evidence? Is. My mom was a teacher. I'm a high school dropout. We can talk about that later. Is bullying okay?
Kathy Hochul
Is bullying okay? As teacher?
Tim Walls
Is bullying okay? Yes or no? Is it okay to bully somebody?
Kathy Hochul
I think it's time to push back at a bully. So, yes, I do think there's a time.
Tim Walls
So you think it's okay to bully others?
Kathy Hochul
I think it's okay to bully the bully at times.
Tim Walls
Although you're showing that the Democrat Party is the party of violence. Were you at Tiana. Tiananmen Square?
Kathy Hochul
Have I been to Tiananmen Square?
Jeff
I have.
Tim Walls
Were you at Tiananmen Square?
Kathy Hochul
I have been at Tiananmen Square.
Byron Donalds
When were you there?
Kathy Hochul
Oh, as I recall.
Jeff
Oh, my God.
Kathy Hochul
January of 1990.
Tim Walls
Okay. What is a woman.
Jeff
Like?
Kathy Hochul
I.
Tim Walls
What is a woman? Is the question.
Kathy Hochul
I'm. I'm not sure I understand the question here that.
Jeff
What do you.
Kathy Hochul
What do you want me to say? This is.
Tim Walls
I want you to say that a woman like me is an adult human female, that men can't become women. You guys are the party of violence and you're the party erasing women. You don't respect us. You're a bigot. You're a misogynist. You're a sexist. Mr. Chairman, I yield back.
Jeff
Damn, I love it. That's great. Oh, my God.
Chip
Now he gets called out here again. This is just. I mean, this guy's just. Man, what a numbskull. Man.
Jeff
Look at this one on Anderson Cooper. Governor walls. And you said, how high is this wall? If it's 25ft, then I'll invest in a 30 foot ladder factory. Do you think that that helps our federal government carry out its law enforcement, its border security and policy operations?
Kathy Hochul
When, when, when did I say that?
Jeff
You went on Anderson Cooper and said that. You not remember saying that?
Chip
I.
Jeff
Because you've said so many outlandish things that you can't even keep track of.
Kathy Hochul
He talks about this wall and I always say, let me know how high it is. If it's 25ft, then I'll invest in the 30 foot ladder factory.
Chip
Oh, like I said, the Internet's forever. Jeff. We have all the tape. I mean, it's fantastic. Here's another one.
Jeff
So funny.
Chip
All right, it's not the one. Where's the one? Hang on a second.
Jeff
There's some good comments here. I like this right here from Jeff. Not me Jeff. It's a different Jeff.
Chip
Of course you like a Jeff's comment.
Jeff
It's the other Jeff. I pull. I always look out just only for Jeff comments.
Chip
There's.
Jeff
I don't read other comments. No. So Jeff said, we never needed a bill to enforce laws that had already worked as long as they were followed. During the Biden administration, these laws were not enforced. The border bill was a money grab. And this goes back in time. You can go to previous administrations as well to have that exact same narrative. And we had eight years under another president that Biden had, you know, so. And it was, you know, very, very problematic. You know, you think about just in general, you have laws on the books and the Democrats are always proposing new laws to enforce existing laws. It makes no sense. But this is, this is what they do. And they want to trick you and make. They create all these problems. And in many cases, they were doing things like during Obama, we saw this a lot during Biden too, where they would put something in place, it would take time for it to go to court. By the time it went to court, to throw it out, you know, to find that it was unconstitutional, you know, and then there was already a ramp up. But they're, they're so big on that. Which was just enforce the laws that are on the books. You know, how hard is it?
Chip
Well, like in D.C. they just said that they finally passed the fact that you have to be a US citizen to vote in election. Sorry, why do you have to pass something through Congress that already the federal already supersedes anything, you know, is it because DC is not officially a state? Because it's some weird, I don't know what the hell they even call it. Yes. Crypto whelp wanted to know if we're having a YETI drawing today. We are having a yeti drawing today. Yep. He's in a sort of.
Jeff
Why do we give a what he says or thinks? Because.
Chip
Yeah, we also have Kathy Hochul. Another winner. What? Another loser. It's funny, it's so funny that they're so bold statement. They get called in front of, you know, Congress in a hearing and all of a sudden they have no memory. They don't recall anything. I don't know. I don't recall. They don't know anything. But they can't stand up for their own statements. They're a bunch of coward losers is what they are.
Elise Stefanik
Earlier that the ICE agents.
Chip
This is Byron Donald's taking apart Kathy Hochul. She sits up with their dopey ass grin pretending like she doesn't know what's going on. And am I governor, I didn't know I did any of this stuff. Nobody knows am I actually governor. But listen to this. Here we go.
Elise Stefanik
You said earlier that the ICE agents under. Under the orders of President Trump are a modern day Gestapo. Do you realize how disgusting a phrase that is considering the history of Nazi Germany? Would you like to recant that statement?
Kathy Hochul
What I said, Congressman, and I have a long history of supporting law enforcement. I said President Trump was using them as his modern day Gestapo. Not identifying who you are, coming up in unmarked bans, taking people away and giving.
Elise Stefanik
Is it the responsibility of ICE to actually deport illegal aliens in the United States who are here? Isn't that their responsibility?
Kathy Hochul
Yes, it is, Congressman. Except that the Constitution is not an inconvenience. It's not an either or.
Elise Stefanik
Nobody said an we have a responsibility to deport illegal aliens. And the President is going through that process right now. And let's be very clear, the previous administration, they abused every process there is under border laws to allow more than 10 million people into the country illegally. And this is a burden on all Americans. And so the President is doing his job. So it is sick to refer to Americans who are ICE agents as Gestapo. Governor, you're wrong. Need to apologize to these agents. They're doing their jobs. They are Americans. They serve this country with honor and decency and respect. Do not diminish their work simply because you tried to make a cheap point that you could tweet. I yield back.
Jeff
Thank God he's running for governor of Florida.
Chip
Thank God he'll be the next governor of Florida.
Jeff
Right, Exactly.
Chip
I mean, sorry, I thought it was the HOKA one. This is the HOKA one here. Sometimes it doesn't show up or.
Jeff
He put that up. Chad said Ray Ron. To remind everyone, he said, why do we give a. What he's saying to remind everyone what these people think is the best possible person to run this country. That's right. And it. And you can see it progressively gets worse. They don't get better. I don't see. You know, the ones that get better are the ones that have left the party. You know, it's a. You know, and they're serving in this administration.
Chip
Yeah.
Jeff
And we'll see more and more of that. That people just. They're fed up. They don't want any more of this nonsense, you know, so the more that the leftist party adheres. Think about that. The fact that Democrats still don't really support cryptocurrencies. They don't support freedoms, they don't support decentralization. You know, all the different things that are required within the infrastructure for crypto, they don't support. You may have a handful onesie twosies here and there that could back a bipartisan bill, but as an overall narrative doesn't exist. Look at what we went through, you know, over the past years, where they had such animosity. Now you don't hear as much from them because the. The stronger voices are now loud and they have no control. They have no power hold any longer. But for. For years. Think about Maxine Waters was in charge of the Financial Services Committee and gave zero voice. Never, never got out of committee. When we. When the Token Taxonomy act was introduced or anything else for that matter, there were so many crypto bills. I was so many. But there was a handful of crypto bills. But. But so many times it just fell on deaf ears and just no place, you know. And now finally we saw some proper legislation that was passed through committee last week for the first time. And it wasn't just, oh, we're passing a bill to have to call for a group of people to sit around and talk about it. That's, that's what every other bill that went through was. Oh, we're just going to get a group of people to talk about it and figure things out. And that's what we've seen over the years. And who knows where those even went. But this one is actually a positive movement. Now the question is, does it get through Congress then? If it gets through Congress, does it go to the Senate? You know, so there's a good chance it could get through Congress at this point. And, and here you go like that, like this one here. I like that. You know what Mark is saying, look at the CESS pulls, New York, Minneapolis, etc, lots of them. And then Chad brings up Maxim Water taking SPF and FTX money and think about that narrative as well. So as you start packing all these things together, we can't forget that. I mean, to me, that's the most important thing. We have to continuously. One of the reasons why Chip, we have to show this type of thing is we have to continuously remind people of the insanity and, and really underscore because most of the stuff people forgot about already. People probably don't even remember who Tim Waltz was. If he asked most people on the street who was Tim Waltz, they would have no idea who he is. You know, so you have to remind them, hey, this was the guy that they selected. They wanted to run as governor, or as he was a governor, they wanted to run as vp. And so think about it from that perspective. Let's bring as many of these politicians and the crazy things that they say, you know, and just highlight and underscore. We're getting ready to go into another election cycle and 26 is going to be a critical election cycle for cryptocurrency because we could, you know, know, potentially at every moment you could lose, you could lose power of the Congress. If you lose power of the Congress, that could be a problem for many things. You know, if we don't have control.
Chip
Over Congress before Jeff, who was Hillary's. Let's see if anybody knows in the comments who was Hillary Clinton's running mate in 2016 when she ran against Donald Trump. Anybody remember? It's forgettable as Tim Walls. It was actually like a Tim Walls, like another Doofy. You know, this person's still in Congress unfortunately won their. I don't know how they keep winning.
Jeff
But another Tim A.
Chip
Yes, you remember Tim Kane right there. See? Good job. Good job, Chad. Tim Kane is the one. Kane. Yeah, Crypto G got it too. Well, most people, if you ask Most people on the street, they wouldn't remember, but, you know, like walls. I think he's probably you. Probably people will forget walls sooner. Remember. You jump around on stage and hop around like a lunatic.
Jeff
Yeah.
Chip
Here's the Kathy Hochul. When I was. I was talking about. But listen to this here. This is Kathy Hogle, the governor of New York. Has zero memory, doesn't know, doesn't understand. What's the question? I don't know. They seem like all very dumb. Fingers crossed for the Panthers. They blew it the other night. 30 up and just. I was texting Jeff. I'm like the, the momentum shifting. They're getting complacent. They're gonna blow this. They sure as hell did. Dude.
Jeff
That was so. That was such a brutal game to watch. And it was crazy, too, because I missed the first period. I was at a meeting, then I was driving home talking to my buddy on the phone, period. And they were crushing it. Yeah. And then, then you and I were texting and they're just falling apart as we. How do you. You go. I mean, you know, the, the. The hockey gods are fickle, right? Because one moment you could be doing really, really well, next moment you're losing, you know, and the game can flip so fast. I mean, look at how we tied it up to go into overtime. You know, there are 18 seconds left on the clock and we go into overtime. But that's exactly what happened when they were in Edmonton. And Edmonton ties it up with 17 seconds on the clock and, you know, go into a double overtime.
Chip
That when they hit the post, they had a couple, they had a lot, a lot of chances, just couldn't get it in, you know, it's horrible kind of a thing. Here's Kathy Hochel Bonick from New York.
David Schwartz
Thank you. Governor Hochul, on your first day in office, you signed Executive Order 1. Is that correct?
Byron Donalds
Believe it is.
David Schwartz
And you extended this executive order.
Chip
She believes it is just the snippiness of this. Just punch these people right in the face. Don't play. These were your policies. You can't get behind your policies and you don't know anything. What about you, loser?
David Schwartz
Not once, not twice, but three times. Most recently January 16th this year. Is that correct?
Byron Donalds
If that's what your facts show. I signed countless executive orders.
Chip
See, this is. This is the kind of stuff that pisses me off. Did you do it? Do you own your policies or are you going to get in front of Congress and pretend? Of course, if that's what your facts show, like almost to Discredit if your fact show that. Well, I guess they're right. It's a way to talk down to somebody that's complete.
David Schwartz
I would assume you'd know It's Executive Order 1. And this is a continuation of your predecessor sanctuary state policies. Correct, Is included in that.
Byron Donalds
I want to be sure. We are defining sanctuary state property.
David Schwartz
I'll define it for you. It is the policy of the state that state officers or employees shall not disclose information to federal immigration authorities for the purpose of federal civil immigration enforcement. It goes on to say law enforcement officers may not use resources, equipment or personnel for the purpose of detecting and apprehending any individual suspected or wanted for violating a civil immigration office. Law enforcement officers have no authority in the state of New York to take any policy action solely because the person is an undocumented alien. That's a quote in your executive orders that you extend it. Now, do you know who Sakir Aan is?
Byron Donalds
I want to get back to the first part.
David Schwartz
No, I'm asking.
Chip
Lynn Stefanik is awesome.
David Schwartz
Do you know who Sakir Akhan is?
Byron Donalds
I want to make sure you understand that this simply says that we will cooperate with ice.
David Schwartz
No, it does not say that. I read what it says and let me talk to you about the results. Do you know who Sakir Akhan is? You should as the governor of New York State.
Byron Donalds
Do you know, refresh my recollection.
David Schwartz
He was an illegal migrant in New York. And do you know what crime he committed in addition to being here illegally?
Byron Donalds
No, I do not.
David Schwartz
You do not? This was widely reported. He found a 15 year old girl, threatened her with a metal pole, told her to get into the backseat of his car, he took her clothes off and he violently raped her in Albany, New York. Do you know who Sebastian Zepita Khalil is?
Byron Donalds
I'm sure you'll tell me. There's many cases, whether they're.
David Schwartz
These are high profile cases. New Yorkers know about them and you don't. So let's talk about Sebastian Zepita Kahlil. Do you know who that is?
Byron Donalds
I don't have the specific details at my disposal, no.
David Schwartz
Well, this is an illegal migrant in New York because of your sanctuary state policies. Do you know what crime he committed?
Byron Donalds
I'm not familiar at this moment.
David Schwartz
I bet you're gonna be familiar when I remind you he found a sleeping woman on the subway, lit her on fire and burned her alive. This is in Cokels, New York. And as I'm sure you are aware, and I'll remind you that that ICE issued an order to detain this violent criminal but that was rejected by New York officials due to sanctuary state laws. Now, do you know who Raymond Rojas Basilio is?
Byron Donalds
I just want to say this. These crimes are horrific because of, because.
David Schwartz
Of your sanctuary state policies.
Byron Donalds
In all of these cases we would work with ICE to remove you did not.
David Schwartz
In this case. They are walking on the streets because of your policies and your executive order that you sign, signed three times now. Raymond Rojas Basilio. Do you know who that is?
Byron Donalds
I'm telling you this. I will explain the policies of New York we cooperate with. I know you're disagreeing.
David Schwartz
You do not. Specifically, ICE was told not to detain this individual and he burned a woman alive on the New York subways in Kathy Hochul's New York. So I will keep on going. What about Raymond Rojas Basilio? Do you know who that is?
Byron Donalds
I'm going to tell you our overall policy which will address all this.
David Schwartz
I'll tell you who that is. He is an illegal who molested an 11 year old in our state because again of your sanctuary state policies. This illegal was shielded from federal immigration enforcement and able to commit this heinous crime. And what about Wilson Castillo Diaz? Do you know who that is?
Byron Donalds
I'm telling you this. We do cooperate fully with ICE in criminal prosecution.
Chip
This is what I love. First of all, she just read the executive order that she signed talking about the sanctuary state that they do not. And now she's flipping it that they do cooperate. This is. They're not, they're not serious people. They're not honest people. They're intellectually dishonest about anything that has to do with their policy. Why can't you get behind your policy if it's so valued and so good and the people of New York love it? I mean, why can't she get behind it? She pretends not to know that one case, everyone knew the name. It was like the. We saw that video everywhere. The woman being burned alive, nobody went to hell. She was standing or just burning and people were. Didn't even take a coat off and try to put her out. I mean it was just, it was, it was horrific. And she's. And a lot of these. Because of the sanctuary state where these people were apprehended and let go and they weren't deported and they go on to commit these heinous crimes.
Byron Donalds
Our sanctuary.
David Schwartz
You're not advocating for these victims. This is a 5 year old who was raped on Long island in Nassau County. You are not advocating on behalf of these victims, you are shielding illegals. Even in your opening statement you prioritize putting illegals first. That is not true. Rapes of young girls, beatings of NYPD cops by illegals who are here under Kathy Hochul's failed policies burning New Yorkers alive. This is Kathy Hochuls, New York. It's one of the many reasons why you're hemorrhaging support from hardworking.
Byron Donalds
These are horrific crimes and they're heartbreaking.
David Schwartz
They're horrific crimes that are committed on your watch. You signed this executive order on your first day in office. You sign it again and again this January. We deserve a governor who stands up for law abiding New Yorkers, doesn't put illegals first, but actually puts New Yorkers first. I appreciate.
Byron Donalds
Rather than going after the viral moment, I suggest you.
David Schwartz
No, no, no. I'm standing up for New Yorkers. Rather than addressing the illegals in New York, you are prioritizing your far left sanctuary state policies which you put in place with executive orders.
Chip
Lady Stefanik serves in the 21st district of New York. She is a New Yorker so she is letting the governor have it. I'm sure she enjoyed it. She's like, you're going for a viral moment now. I mean Jeff, this is so dishonest. I mean it really is just pathetic.
Jeff
And there's with Jeff, look at this. The woke have never have the answers but stand by ideologies that never work in the real world. The policies are failures and they never admit failure. That's it.
Chip
This is great. Well, there were two statements made obviously know that Israel took care of business. Two back to backs they took out. First of all it was funny when Trump, when Trump said they asked him about Iran coming back to the negotiation table, he goes I don't know if they're all coming back. Sorry if I was funny but it was a little funny. So here we have BB and we've committed the. What's the leader of Iran? I don't even know who it is anymore. Who is it Khomeini or what is Kamani or whatever the hell. Everyone, we have two statements. We have BB here first Netanyahu and then we have the other not job for my rant. Here we go.
Jeff
Okay. I was trying to keep it civil by only hitting the nuclear sites and.
Chip
But these motherfuckers hit civilian areas now I'm bout to make it rain on these bitches.
Jeff
For real.
Chip
For real.
Jeff
I'm bout to Chernobyl these bitches. I'm bout to ram A missile so far up Khomeini's ass he'll turn into a crispy fuckin kebab. Their future generations will still be shitting uranium.
Chip
Need to park your camel, park it in Iran, Cause I'm about to turn that bitch into a friggin parking lot. So long bitches. Geez, that was some colorful language. I didn't expect all that. There's Khomeini. Here's his response. Here you go. I'm like, this baby better not blow up by nuclear sheet. Well I'm gonna go local on this. And then he blows up all my nuclear sheet. And I'm like, call my generals. And they tell me they're all dead, sir. And I'm like, assemble the army. And they're like, they're dead too, sir. So then I'm like launch the freaking missiles. And they're like sir, they're gone, sir. So I'm like what the. Okay, obviously those are parodies, but I don't know, they were just.
Jeff
Oh my God, like what the.
Chip
They're gone to call the generals. Generals don't exist anymore. Nope.
Jeff
About this putting here, putting Iran in their place.
Chip
Yeah, well they did, they did throw some, they did get some missiles in there. The Iron Dome fail. A couple things, but it's a. Why is that? I don't know. He's just. We don't like him. That's the word around here. Any, any particular reason why you don't like them? No clue at all. I'm just going with everybody else saying.
Jeff
Life is hard, but it's harder when you're stupid. Oh my God.
Chip
That'S hard. But it's even. And then the baby's going around. So this is baby Trump telling a Nancy Pelosi joke. I love these baby Trumps that they're doing.
Jeff
Nancy Pelosi, she was drawing her eyebrows too high. She looked surprised.
Chip
Well look surprised. That was good.
Jeff
I told Nancy Pelosi she was drawing her eyebrows too high. She looked surprised.
Chip
Well, she looks surprised. That was fantastic. And then of course we got Scott% taking apart Pocahontas here. Bringing some facts home.
Jeff
Don't want to answer the question, Senator.
Chip
I am answering.
Jeff
No you're not.
Kathy Hochul
And what I want is for Medicaid.
Chip
To be used the.
Kathy Hochul
For mothers and children as it was meant. Not for 1.4 million illegal a aliens, not for able bodied people.
Chip
Yeah, we wanted. So he puts out the facts and has the, has the.
Jeff
They don't like it. Democrats.
Chip
I don't like it. They don't like it when you get in your face. And then, you know, remember Senator? So this is the guy that showed up at press conference, and he. He didn't have his. First of all, they have a. They have a security pin that they wear as a senator. Didn't have that on. Went in there anonymously trying to create a moment. And so this is Padilla talking about it. So they. They put him on the ground. They. He told him to back up. They said, don't keep going. He was going towards the stage trying to ask a question. They don't. I mean, Secret Service took him down, took him out, took him to put his face down and arrested him, basically.
Jeff
Yeah.
Chip
This is him telling him. We're talking about it. I was having a few tequilas in.
Jeff
My office, and then I saw Christy.
Chip
Norm giving a press conference.
Jeff
So I yelled, hey, Christy, you look mamacita today. Then these guys came out of nowhere and arrested me. And they like, where's your Visa, cabron? And I was like, I. I don't have Visa. I just crossed the river, you know. So anyway, I'm going back to Mexico.
Chip
That was just a parody. Sorry, I don't have the real statement.
Jeff
Parody.
Chip
But he was. I thought you would like Margarita. Margaritas.
Jeff
Margaritas.
Chip
So I thought he would. He was on TV crying and saying how. How horrible it was. He was on TV on cnn, crying. I mean, it was pretty. So one more that I forgot to play about Tim Walls. This is Chris Como, formerly of cnn, talking about Mark.
Jeff
Wait a minute.
Chip
No, she looks like a library.
Jeff
It was. Chad, when no one recognized you as senior senator from California. How irrelevant are you?
Chip
Oh, very irrelevant. Yeah. So here we. So. Exactly.
Jeff
It's funny, too. The Dewey man. You remember the Dewey Decimal system? That thing was the best.
Chip
You still use it when you go to a library Still?
Jeff
Yeah, still use it. Have you been to a library? Nope.
Chip
We didn't stop using it because they thought it was old. That's how you find a book. You go and look at the computer.
Jeff
You still do it?
Chip
Yeah. You go to the library.
Jeff
It would make sense, really.
Chip
I read books, Jeff, what do you think of them?
Jeff
They still have books.
Chip
Geez, man.
Jeff
They still have libraries.
Chip
They still have libraries. Here we go.
Kathy Hochul
Walls wanted to be president and Vice President of the United States. Really wants to say that we've surrendered moral authority by supporting Israel after targeting Iran and that China may have the high moral ground. Are you nuts? They have a million Muslim ethnic minorities, the Uyghurs, in camps in China.
Jeff
What are you doing?
Kathy Hochul
I know that you think it's a way to attack Trump, but you seem crazy when you play politics when there is an active terror threat against us and don't say, yeah, no, only now because of what Israel did. No, as far as we know at this point, Israel says it had to do it. We don't know why. We'll try to find out more tonight. We'll wait for the President to tell us more.
Chip
Jeff, if I, if I. My history is correct to go back to the early 80s when they took out their nuclear site back in the 80s, this is an Iraq you still had. You had a threat from Iraq. Now you have the threat from Iran. Of course. Yeah.
Jeff
No one's willing to do anything. This is the cowards of the world, primarily, you know, and they just, they'll allow things to fester. It amazes me that anybody at this point would side with the Iranian regime. And we're not talking about the Iranian people, because Iran in the, in the, you know, early in the 60s was a completely different world. It was, it was kind of like, you know, it was like Europe. You know, the women would go to the beach in bikinis and, you know, as those party time. The people from Iran, totally different, you know, than a lot of the other parts of the Middle East. They've been subjugated. And there's been multiple times throughout our recent history where they could have supported the uprising, the overthrow of the government, and it was under Obama's watch. And they did rise up and they got crushed, they got decimated. It was the worst thing to watch. Yeah. And the way they treat, you know, the women over there, you know, they have, you know, the gangs that, that roam the streets and, and take people off the streets and. And they have torture, you know, and they have rape can. I mean, it's just rape gang. Like, all the things that go on over in Iran are just insane, just absolute. And there you go. Yep. So even, you know, it started really. Yeah. With Jimmy Carter and, you know, just so much. But, you know, you go through the years and Iraq, yeah, they were building the reactors under Saddam. Israel took the initiative, took it out. The world was safer as a direct result. And now in Iran, they were close. They were borderline, you know, days, weeks away from achieving nuclear bomb. And they've actually discovered, you know, some weaponry, some primitive weaponry where they could easily have put it on a warhead and delivered it. And when you have a, A crazy group like, you know, and leadership like the Ayatollah, and the things that they say and the fact that they've been supporting, they. They have all their, Their, Their. Their terrorist entities around, around the region, all their proxies that have been fighting and attacking Israel, but then also American interests. But if you think about what's been going on, you have the Hezbollah, you had. You have the hoodies. And then you see them financially supporting Hamas. And I mean, you can go down a longer list. There's others that they've supported over the years. You know, but a big part of Iran was behind the top lane of Lebanon, and they were behind the control of Syria. And you just see all the different things that they had orchestrated over the years. And, you know, if you don't go through and dig in and educate yourself on all of that, then you'll miss. Miss out on it. But right now, what we're witnessing is Israel was pushed into a point where they had to take action.
Chip
Yeah.
Jeff
And. And they're taking action. They don't expect anybody, you know, to put boots on the ground to, to back.
Chip
Oh, this is what this is. Everyone's like, oh, they're trying to drive. No, they're not trying to. They're trying to take care of business. And there won't be their country they're trying to defend. By the way, you know, Joe, Buddy was a proud librarian aide in 1979.
Jeff
I did not know that.
Chip
Congratulations. Look at this one here. I can voter. Anyway, more Democrat congressmen tweeted, aim better next time than offered condolences after Trump was shot. Yeah, 100, man, look at this. So here's an Iranian. This is a good one. Here's. It's so funny, he brought up the whole idea of Persian. So if I ask somebody like, hey, where are you from? Persians. They're not just cats. He's like, where are you from? They say Persia. They won't say they're Iranian because they. They're from the. They're from the region. They'll always say they're Persian. So you'll know that they don't even want to say they're. They're Iranian. But listen to this guy in the.
Chris Cuomo
Gym, minding my own business. This older white guy comes up to me and point into my shirt, and he said, let me talk to you real quick. So I walk over there. I'm like, what's up, man? He said, you shouldn't be wearing that shirt right now. You're gonna offend a lot of people. I was like, who. Who am I gonna offend?
Jeff
Said, immigrants.
Chris Cuomo
I started laughing. I'm like, I'm an immigrant. I support the President. He's like, no, you're not. I was like, yeah, born and raised in Iran, man. He gets a little confused. And he's like, well, how about the soldiers? Military is being deployed to target protesters. I was like, I like law and order, too. I like his stores that are not looted. I like taxi cabs that are not burned. I don't know about you. I support him on that. And he's like, well, a lot of people in the military don't. They're speaking up. They're walking away. And I was like, well, guess what, man? I'm a veteran, too. And the first thing they teach you in the military, that you obey the chain of command. And guess who's at the top of that chain? It's the Commander in chief, the President of the United States. So I told him this. If you are talking about immigrants, you're wrong. You're talking about illegal immigrants. I spent three years in a refugee camp in Turkey, waited my turn with no source of education, no source of income, because we knew what was on the other side. And when we got here, we didn't raise the Iranian flag. We raised the American flag and the Texas flag, and we still do today. So you're not talking about immigrants. You're talking about illegal immigrants. Those people who invaded this country. And anybody in the military that have a problem with this or like this guy or those foreigners that are raising the foreign flag, you all are more than welcome to get the hell out and go find another place.
Chip
Damn. Brought it home, man.
Jeff
100%.
Chip
Like, I was confused. And you know that. You know that Governor Newscom out of California, it was announced. It was so funny because everybody was like, oh, look what happened. The National Guard is gonna. We have to get. Trump has to give up control back to. To Newsom and that. And I'm like, this is temporary. Watch how fast this is overturned. It was like, three hours. So here's. Here's a little montage of new scum talking about that have ruled on the Guard.
Kathy Hochul
They will be back under my command.
Jeff
A few moments later. Okay, why is Trump back in control of the National Guard? You guys, what the hell is going on? First I lose my pool boy, Roberto, and now this. I seriously need a mani pedi right now. A bottle of wine, cherry ice cream, and a whole season of will and grace. Fuck this politics thingy.
Chip
And of course, there's a. Here's a song, Jeff, that I saw that I want to send out to all the globalists and Leftists in the world this is the song that I have for you Here you go.
Charles
I tried, tried, tried and I tried even more I cried, cried, cried and I can't recall what for I pressed, I pushed, I yelled and begged at hopes of some success but the inevitable fact is that inevitable you will impress I've no more fucks to give My fucks have runneth dry I've tried to go fuck shopping but there's no fucks left to buy I've no more fucks to glue the more fucks I've tried to get I'm over my fuck budget tenor and now in fucking debt.
Jeff
Don'T.
Chip
You the 1920s here I strive, strive.
Charles
Strive to get everything done I played by all the rules but I very rarely won I've smiled, I've charmed I would have laughed Alas to no avail I've run round like a moron to unequivocally fail I've no more fucks to give My fuck fuse has just blowed I've been hunting for my fucks all day but they've upped and fucked off home I've no more fucks to give My fuck rations are depleted I rallied my fuck army but it's been fucking defeated the effort has just not been worth the time or the expense I've exhausted all my energy for minimal recompense the complete luck of knowledgement has now begun to g and I come to realize that I don't give a I'm the more to give My have blown away My are now so off they refuse to stay I have no more to give My have gone insane They've come back round and pass me while.
Chip
They'Re off again There you go.
Jeff
I love it.
Chip
There you go. 0s to give. That's what I say right there. So it's time to give away that yeti.
Jeff
Jim D is saying the LA militants invented a new devastating tactic. They're ordering the auto cars into the conflict area to blow them up and create blocking debris. And the modern special ops with hints of AI strategy assist. Interesting.
Chip
Yeah, of course, man. And then they're also waving American flights. They saw the other ones didn't go over so well waving that. But let's go with this because then I got to get out of here. I gotta appointment here. Coming up at the top of the hour. So here we go. We got 20 in there, guys. We're not gonna play the.
Jeff
Gotta play it.
Chip
We can't play it. We gotta go. I gotta go.
Jeff
That's the Beginning of it. There we go.
Chip
Badass yeti from the white trap clan. No problem.
Jeff
No stomp, no cry. All right, now, you guys know that's who you're gonna win. Little prowler.
Chip
I saw that. Ricans and rough Ricans here. He's like, oh, yeah. Just go. Are we right? No type in yeti. Here we go. There we go. Yeti time, guys. Let's get ready. Yeti Ray, let's go. Boom. Yes. Yes. We got boom. Re coming in again with the $10.
Jeff
Thank you.
Chip
Come on. Look at this. He shows up at the end of the show, and he comes in with the support.
Jeff
Look at that.
Chip
Yeti. Yeti. We've got 24 now. Yeah, we got two more. And I think we're ready to pull here, guys. Ready for the pull.
Jeff
See who's gonna win.
Chip
All I see is Chris Katan and Will Ferrell from the night of the rocks parade. That's funny. That's funny. All right, here we go, guys. Let's go. Who's gonna win? Let's go. Boom. Yeah. Yeah, yeah, yeah. Zed.
Jeff
Zed.
Chip
Zed.
Jeff
Nice.
Chip
Zed. You have to say I'm here. Got to see that you're here. Zed. Zed. Zed. Zed. Zed. Zed. Zed. Zed. Zed is the winner. Zed, where are you?
Jeff
As yeti of the white tribe. No prowlers. He's there. Oh, he's here.
Chip
All right. Zed, Right?
Jeff
Congratulations.
Chip
Congratulations, Zed. There's a big winner today.
Jeff
I'm not gonna go to YouTube. See if I can get his.
Chip
Yeah, come on. There we have it. Y. In the house. In the house, yo. Yeah. Now.
Jeff
Trying to find a YouTube video.
Chip
Waiting to see it show up. All right, can you cut that sound?
Jeff
I'm not on the tab. Cut the tab. Cut the music. Cut the music.
Chip
Oh, cut the music. Cut the music. While you're doing that, I'm going to put this up here. Breaking USAID official and three company executives plead guilty in fraud and bribery scheme involving at least 14 contracts worth over $550 million. USAID official Roderick Watson took bribes, was showered with lavish gifts, including cash, laptops, thousands of dollars in tickets to a suite at an NBA game, a country club wedding, and down payments on two residential mortgages, cell phones and jobs for relatives. In this in exchange for the bride payments, Watson influenced the award of contracts by manipulating the procurement process at USAID. Watson faces a maximum penalty of 15 years in prison. Imagine how much more fraud there is. We can only imagine.
Jeff
That's Right. Can you throw in your. Your X handle as well if you have it?
Chip
Yeah. Is that. What is your X handle? See if I can find it. I saw Crypto G said show Gavin Newsom dancing as a kid. That wasn't him. Somebody. It was. It was somebody else. It's. It's Brenna Jordan.
Jeff
All right, here we go. I'm gonna transfer badass yetis from the white tribe of the clan Lil prowlers. Oh, invalid XRP address.
Chip
Oh, that's not good. Make sure in your Z wallet that you let me. What was it? Address. Jeff did it.
Jeff
RB ends with a one E. Zed's dead.
Chip
That's funny. Zed's dead.
Jeff
Didn't work. Make sure that you are. That you go through the process. Connect. Connect your zaman with the XRP cafe. Because I wonder. Let's go to XRP cafe and connect. Connect the dots.
Chip
All right, Jeff, in the. If you go on the private chat, I put his handle there.
Jeff
All right, perfect. Oh, yeah, I see it.
Chip
Paste it in there.
Jeff
I see it. Oh, Zed's dead. Xrp. But I wonder. Let me try this one more time.
Chip
Reminded of Pulp Fiction when I hear that Zed's dead.
Jeff
It's not working. It is not working.
Chip
I'm gonna have to bail here, Jeff. I gotta get going. Can you wrap up the show, Jeff, and take us home? Because I gotta go. I didn't realize how late it was. I got a 10 o' clock.
Jeff
Oh, you got to get to your 10 o' clock.
Chip
Yeah, I gotta go.
Jeff
Your 10 o' clock. Trying to see how we can do these. Do this.
Chip
Guys will see you tomorrow night.
Jeff
Oh, yeah, Sunday night. Tomorrow night. Tonight is. Got the. The Panthers playing tonight.
Chip
Yeah. Can't go up 3. They could have gone up 31 and it was just basically a lock. But now it's 2 2. They went losing Edmonton. Now it's 3 2. They got to win two games in a row.
Jeff
Could have been. They could have gone in. Heroes. Heroes.
Chip
Stupid. And they lost them in front of a great act. Audience was stupid. Those a new one.
Jeff
It was brutal.
Chip
You don't lose a game where you're up 3 nothing. It doesn't take them. Just a little bit of hustle is all it takes, like the first period anyway. They end up losing stories. You can bring it right to that game right there that they. They gave up.
Jeff
Yep. Well, especially after a 61 victory. See a chip. Chip is out.
Chip
After that, I'm out.
Jeff
All right, so this is where we wrap the show. Zed I'm trying to transfer this guy over to you. It's not working. It says invalid XRP address must not be connected to the. The. If you have your Zen wallet connected to the XRP cafe, double check on that, see if we can get that to work. In the meantime, we'll try another route to get it over. But if you want to just shoot us a DM through the X.
Kathy Hochul
Then.
Jeff
We got a lot of amazing things that we're going to be getting into tomorrow night. Is, is, well, oh, John D. Is getting ready to come on and probably because of this. And just so here there was a, an article that came out yesterday specifically on the SEC Ripple case. So we can just kind of wrap with this one here just to kind of bring it to kind of as a highlight here. But the SEC Ripple file motion to release 125 million in, in escrow as the case winds down. So here we go. Kind of know where everything's been held, but there's been 125 million in funds held in escrow and there was a joint filing a joint motion to release the 125 funds. $25 million in funds that is going to be used to pay for settlement cost, which is interesting. So here's according to letters submitted by both parties, 50 million will be transferred to the SEC for the civil penalty and the remaining 75 million gets to go back to Ripple. So there you go. The party's proposed resolution will preserve the resources of the Second Circuit by avoiding the need to decide appeals, obviate any remand for further proceedings in this court and bring four and a half years of hard fought litigation to an end. Hard fought. 200. I think ripple probably spent 150 to maybe 200 million on the case. So you get, you know, some money back. At least that 75 million they're getting back. But that doesn't count all the other, you know, 150 plus million they spent. So there you go. And who knows how much tax dollars had been spent on this case. Thank you, Gary Genzer. The SEC lawsuit against Ripple is a landmark case for crypto regulation in the U.S. that's right, 100. And it was definitely the sim. It was symbolic of that, of that fight. And so this, things are, things are coming to an end, things are moving. We get that that comes to a finality and we start getting some pro crypto legislation pushed through. Game changer. You know, things are going to start changing at such, at such a rapid pace. We need very, we need good clarity. We need Clear regulation or clear regulatory authority to see some, some big advancements in the space. And once we get those big advancements, you know, that's going to be, that's going to be really, really impressive. Why? Because that then signifies growth. And that's exactly what we need. We need a lot more growth in this space. We need more development, we need more building. It's not just about the fomo. It's not, you know, looking for the next, the next Bull run. The next Bull run should be based off of development and building within. And so it's also going to be an interesting element that once this gets completely, you know, settled again, allows for that clear regulatory path. Now all of a sudden, you know, the, the floodgates have this opportunity to open and I don't think we've seen the beginning, honestly, I don't, I don't think we all have an anticipation of where this can go once they begin. The tokenization of, of real world asset and what that is going to reference. And even within the nft, you know, an NFT that you hold right now, it's a jpeg. It's awesome. You know, we have fun with the badass Yetis and handing them out. Think about collateral within the gaming environment. They've tried building, they kind of tried reinventing the gaming space. They tried bringing back, you know, people back into this kind of VR esque, you know, metaverse world. People have tried that before. Most people don't enjoy being in that environment, but people enjoy gaming now. And I've said this for so long that if you have a easy mechanism to take your winnings within a game, you spent all this time, effort and resource to elevate yourself within whatever game that you're playing and you've collected and purchased whatever skins and you know, weapons and whatever might be within that gaming environment. If you have an easy mechanism to sell those items and it can all be backed through true tokenization and it's an nft. So that NFT then has the dynamic of whatever item that you're, that you're selling and if you have that proper store environment to go in and sell, but it is opened up to the general gaming environment. You don't want to reinvent the wheel wheel. You don't have to reinvent the gaming environment. It shouldn't be, you know, heavily based off of the ethereum blockchain because of the cost of, of gas and all of that. And in your NFT transfer shouldn't cost you more than the NFT itself which was, has Been the experience over the past years where you could spend a hundred dollars just to move asset that might only be worth $50, you know, so there's so many great components to this and that's what I've been excited about for a long time because I think the gaming environment is what can further expand on the crypto and blockchain space from a, you know, a massive, you know, massive, massive gain in terms of development. And I think back to the years that my son played Rocket League and Rocket League was, you know, probably, you know, one of. It's still an extremely popular game and it went, you know, live competition within, within the, the. What was it? I want to say EA Sports. There's not EA Sports but it, you know, they, they have televised and you know, global games for Rocket League. And I think about the time and energy that he had spent from the time he was, I think the first time I introduced him to Rocket League he was six. By the time he was eight, he was, you know, better than, than most people that were playing and you know, he just elevated through the ranks and then he was on a, on a team when he was, you know, younger than, than, than he should have been and, but regardless, and then he's moved on to, to FIFA and some of the other games kind of left Rocket League behind a little bit. But the point with all of that, I looked at the time and effort, energy, money, all the things that went into it and there were platforms and there are platforms that you can go on and you can buy those accessories so you can trade them real world. You purchase it with a credit card, they'll meet you in the gaming environment and, and transfer that product over to you. So we bought many different skins for the cars in Rocket League and we did it all online through a, through a website. Wasn't necessarily easy. You know, you didn't have yet some ownership, but you couldn't easily then go and sell it or transfer it. So that's where I'm excited about, you know, all of these different moves and seeing this case wrap up and seeing the direction things that are moving in, man, it's, it's just super, super impressive to see this, to see where we're going. Clarity act. Yes, that's what went out of the, went out of committee. So it's in front of Congress right now. All right, cool. So we got Zed connected. Let's see if this works. Let me cancel out, let me try to re transfer it. Let me post it in again. I might have to refresh my screen. Let's see. Yeah, let me go back. Let me refresh. Gotta log back in. Cool. You connected. Okay. Once you connect, you might have to authorize. Make sure that you go through whatever authorization that you have so that it's. And let's see. Try to transfer. It's still saying it's invalid crypto. Well, Mrs. Chip already. Really? Come on. So, yeah, it's still. The destination address still says it's invalid for some reason. You might have to activate if you have the XRP or you have your Zen wallet. You have to make sure there's at least, like, one XRP in the Z wallet. But then when you connect to. When you connect to the. To the XRP Cafe, then it'll notify you on your Zomit. You just have to swipe to authorize, or you have to, you know, sign the. You might have to go through that process to see if that works out. So. All right, that's it. That's all we got. We went an hour and a half today, which is pretty good. And, Zed, I'll keep checking back here. We'll keep trying to transfer this bad boy over to you, but for some reason. And I have you down here, just not. It's still not working. So I've signed out and went back in, and it still is not effective here, so. All right, Zed, let's see. I have xrp. It says that I'm connected. Okay, you're connected somewhere on the Z wallet. Did it ask for you to sign it? Do you have to sign to authorize when you connected? Try it one more time. Let's see. Still saying invalid. Maybe it'll take a minute. Let me see if I need to. Let me try to sign out. Hang on a second. See if it lets me sign out. Might have to just close out of it. You authorized it, too. Okay, cool. All right. I'm trying to sign in. Actually, I've been trying to sign out, but it won't let me. All right, let me try this again. Here we go. This is where they need to make this stuff a little bit. Still saying invalid for some reason. Can you double check? Just make sure that's your receiving address. So it's RB and ends with one E. It should be right here based on this, and we'll try it. Nope. All right. All right. We'll have to try this offline. If you want to connect through dm, that's exactly it. Where's the F and light switch? Man, I just want this to be easy. This should be easy transaction. You know, imagine in order to complete something like this, you know, you have to be on the phone. Yeah, that's exactly. Let me double check that. That's the one that I have. Yep, that's exactly what I have here. Strange. I'm going to try to. I'll try to figure out how to sign out of the XRP Cafe. For some reason it's not letting me sign out. Can't figure out why. Maybe I have to go into Settings. Nope. How crazy. I can't sign out of the XRP Cafe. I can click here and it won't let. Oh, disconnect. Connected. Disconnect. There we go. Reconnecting. Nope. Now I'm going to connect on my side. This is, this is what you go through, technologically speaking, to move crypto asset. But the connection, everything is real simple. When you go in, it's really amazing. I mean, you go to the XRP Cafe, you connect your Zaman wallet and you're in. And then that's it. It just should be simple, you know, then you're in here, you hit transfer, we put the address and then it's still saying invalid. I don't know. We have to check this offline. Let's try to do it. Hit us up with a dm. Just double check, make sure that's the correct address. Again, I'm gonna put your. I'm capturing your X handle and we can handle this offline. But until then, I'm gonna wrap up and we will check you guys out on the next one, which is going to be Sunday evening. So we're going to be here Sunday at 8pm Eastern Standard Time to talk more crypto, more XRPL, more blockchain, more bitcoin, more geopolitics. Gonna have a lot of fun. We'll dive in and discuss. So with that, that's all we got. Chip is already out. I am now out. You guys have a great weekend and we'll check you guys out on the next one. I'm out. Are you down with otc? Please, like subscribe and click the bell.
Chip
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Podcast Title: On The Chain - Blockchain and Cryptocurrency News + Opinion
Episode: XRP's Global Takeover? USDC, RLUSD & The New Financial Order
Release Date: June 14, 2025
Host/Authors: Jeff and Chip
Description: On The Chain delves into the latest developments in Blockchain and Digital Assets, with a particular focus on XRP. Catering to both newcomers and seasoned veterans in the digital asset space, the podcast offers fact-based, high-quality content to a global audience without the hype.
Jeff and Chip kick off the episode with enthusiasm, teasing a deep dive into XRP's burgeoning global presence and the evolving landscape of stablecoins. They hint at discussing the potential decline of traditional cryptocurrencies like Bitcoin in favor of stablecoins such as USDC and RLUSD. The hosts also touch upon geopolitical tensions and celebrate significant milestones, setting an engaging tone for the discussion.
Stablecoins on XRPL: A significant portion of the episode centers around the expansion of stablecoins on the XRP Ledger (XRPL). Ripple has recently introduced several stablecoins, enhancing the ledger's versatility and appeal to institutions.
USDC by Circle:
"Jeremy Allaire was excited because he became a billionaire when they IPO'd and he was ecstatic." ([06:30])
RLUSD and XSG D:
Chip highlights the addition of RLUSD backed by the Singapore dollar issued by a regulated payment institution, emphasizing the importance of adherence to regulatory standards.
"RLUSD, that is Straits one of the most regulated and widely used stable coins in Asia, backed one to one by the Singapore dollar issued by a licensed major payment institution regulated by the Monetary Authority of Singapore." ([05:50])
European and Brazilian Stablecoins:
The first Euro stablecoin by Human Financial and Brazil's USDB by Braza Bank are now operational on XRPL, marking significant regional adoptions.
"Brazil with the USDB, that's Braza bank out of Brazil, which is phenomenal." ([06:10])
Impact on Liquidity and Decentralized Exchange (DEX):
Jeff underscores XRP's role in facilitating efficient liquidity and swift settlements across diverse assets via XRPL's built-in decentralized exchange.
"The digital asset XRP remains a pivotal role supporting stablecoin uses by enabling efficient liquidity between assets empowering fast settlement and serving as a bridge in the cross currency transactions." ([07:00])
Shift from Cryptocurrencies to Stablecoins: Jeff observes a notable trend where financial institutions are gravitating towards stablecoins over traditional cryptocurrencies. This shift is attributed to the stability and regulatory compliance of stablecoins, making them more appealing for mainstream financial operations.
Benefits for Seamless Transactions: The hosts discuss how stablecoins facilitate faster, low-cost payments and simplify cross-border transactions, making financial operations more efficient and user-friendly.
Yeti Giveaway: To foster community interaction, Jeff and Chip announce a giveaway of a "white tribe Yeti." They encourage listeners to engage by typing "yeti" during the episode for a chance to win.
Throughout the episode, clips from listeners and community members are shared, enhancing the interactive feel of the show.
Critique of Democratic Politicians: A substantial segment involves Jeff and Chip critiquing various Democratic politicians, focusing on border policies and alleged inconsistencies in their statements and actions.
"Tim's been a complete disaster in Minnesota... He's a sick puppy." ([12:50])
"Why do you give a what he says or thinks? Because... The woke have never have the answers..." ([23:04])
Audience Interaction: Comments from listeners, such as Dean Robinson from Minnesota, are addressed, with the hosts expressing frustration over political figures' handling of immigration and border security.
Humorous Exchanges and Parodies: The hosts incorporate humor and parodies to underscore their points, including mock dialogues and exaggerated scenarios involving political figures.
Motion to Release Escrow Funds: Jeff and Chip provide an update on the ongoing SEC lawsuit against Ripple, highlighting a joint motion to release $125 million held in escrow. This move signifies a potential resolution to the protracted legal battle.
Implications for Crypto Regulation: The hosts discuss the broader implications of the lawsuit's resolution, anticipating clearer regulatory frameworks that could spur further growth and innovation in the crypto space.
Tokenization of Assets and NFTs: Looking ahead, Jeff emphasizes the potential for XRPL to revolutionize asset tokenization and NFTs, particularly in the gaming industry. He envisions seamless integration where in-game assets can be easily traded and utilized across platforms.
Regulatory Clarity and Growth: The hosts are optimistic about upcoming legislation that could provide the necessary clarity for large-scale advancements in blockchain technology and digital assets.
As the episode wraps up, Jeff and Chip discuss technical hiccups experienced during the show, such as challenges in transferring XRP to listeners. Despite these issues, they maintain an upbeat perspective on the future of XRPL and the broader crypto ecosystem.
They tease upcoming episodes, promising more insights into crypto, XRPL, blockchain, Bitcoin, and geopolitics, inviting listeners to stay engaged with the community.
Notable Quotes:
"If you think about the decks that is inherent in the XRPL and the other technologies and the simplicity of, of of utility and the, and the low cost of utility, that's the backbone, that's the infrastructure."
— Chip ([09:30])
"You just get a wallet, you do this, you click here, you go to this exchange. Too complicated for people."
— Chip ([07:23])
"We get that that comes to a finality and we start getting some pro crypto legislation pushed through. Game changer."
— Jeff ([75:30])
"The SEC Ripple file motion to release 125 million in escrow as the case winds down... The SEC lawsuit against Ripple is a landmark case for crypto regulation in the U.S."
— Chip ([75:30])
Conclusion: In this episode, Jeff and Chip provide a comprehensive overview of XRP's expanding role in the global financial system, particularly through the integration of multiple stablecoins on the XRP Ledger. They offer critical insights into the shift towards stablecoins in institutional finance, update listeners on the SEC Ripple lawsuit, and explore future possibilities in asset tokenization and NFTs. Interspersed with political commentary and community engagement, the hosts maintain an engaging and informative dialogue, underscoring the dynamic interplay between blockchain technology and broader economic and political trends.