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Show Summary
Chip is back from Ripple's Swell in New York with a firsthand debrief. With the U.S. Treasury Secretary on stage beside Brad Garlinghouse and the midterms days away, Jeff and Chip break down why XRP just became Washington's problem, and why the crypto rules being written now may be harder to undo than people think.
- Treasury Secretary Scott Bessent's surprise sit-down with Brad Garlinghouse, and the Democratic strategist on Stu Alderoty's panel who said the CLARITY Act likely stalls if Democrats win back Congress.
- Chip's 15-minute conversation with Ripple Chief Legal Officer Stu Alderoty: why SEC rulemaking anchored to the '33 and '34 Acts and the Howey test, plus the Ripple precedent, would be hard for a new SEC chair to reverse.
- Brad Garlinghouse on why XRP is still at the heart of Ripple: about half of all RLUSD is issued on the XRP Ledger, and XRP stays the neutral bridge asset across currency corridors.
- Matt Damon and Water.org: Ripple Payments and RLUSD powering water microloans with a 98%+ repayment rate, aiming to reach another 100 million people by 2030.
- Inside Swell: The Shed at Hudson Yards, the XRP-wrapped subway train under Times Square, and Stefan Thomas revealing he now owns Coil.
- Also in the back half: the Binance hack and why you never keep your whole stack in one place, NFL great Steve Wisniewski's $3 million loss, and the video for Congressman Warren Davidson that first brought Jeff and Chip together.
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