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<v Speaker 1>We're here for another one from the XRP Live event

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<v Speaker 1>in Vegas, and of course this is going to be

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<v Speaker 1>a good one because I bought my friend Abs coming

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<v Speaker 1>in from good evening Crypto, How are you event?

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<v Speaker 2>Always a pleasure? Yeah?

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<v Speaker 1>Listen, this has been fun two days here, NonStop action

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<v Speaker 1>on stage. You look at all the things that happened yesterday.

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<v Speaker 2>What was your favorite? I thought Brad was a superstar yesterday.

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<v Speaker 2>Oh yeah.

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<v Speaker 3>And one of the things that I loved was David

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<v Speaker 3>Schwarts taking the time to speak with everybody off stage.

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<v Speaker 2>Do you see the clip did you guys do that? Yeah?

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<v Speaker 2>That was my friends, That was Johnny Crypto who.

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<v Speaker 3>Asked him that questionastic and I loved how we teed

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<v Speaker 3>it up with the Charles Hoskinson criticism and worked into

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<v Speaker 3>the Clarity Act because what David said that was actually

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<v Speaker 3>very telling was, yeah, the current state of the Clarity

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<v Speaker 3>Act does give Ripple and the current projects that have

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<v Speaker 3>been given that commodity status a big free pass compared

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<v Speaker 3>to everything else that that's at its inception right now.

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<v Speaker 3>But he said that the industry needs it, and he said,

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<v Speaker 3>we're never going to get a perfect bill, but the

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<v Speaker 3>fact that we're right at the finish line, both sides

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<v Speaker 3>are contentious, it looks like it's going to get done,

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<v Speaker 3>and I thought that was pretty powerful for someone like

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<v Speaker 3>David Suzeth.

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<v Speaker 1>Well, and you saw the standing, oh the iris sworts

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<v Speaker 1>gets here at this event. But the interesting point that

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<v Speaker 1>I think was made was built around what was happening

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<v Speaker 1>on Clarity, and we talked about this really quite at length.

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<v Speaker 1>But I think it's important to really understand this is

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<v Speaker 1>not necessarily a necessity for Ripple to kind of move forward.

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<v Speaker 1>The real question is what is going to be their

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<v Speaker 1>roadmap going forward. If it doesn't, what do you think

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<v Speaker 1>would be their next step.

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<v Speaker 3>I think Ripple's going to continue doing what they're doing,

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<v Speaker 3>acquiring real companies, putting those companies on blockchain products, and

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<v Speaker 3>eventually they're going to migrate to products like RUSD and

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<v Speaker 3>the XRP ledger. The biggest difference between Ripple and every

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<v Speaker 3>other blockchain product in this base, in my opinion, is Ripple.

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<v Speaker 2>It is the fact that Ripple has.

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<v Speaker 3>A forty billion dollar treasury and eleven billion dollar ballons sheet,

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<v Speaker 3>and they're going to go out and acquire companies that

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<v Speaker 3>create real demand that's sustainable.

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<v Speaker 2>You don't see any other projects doing that.

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<v Speaker 3>And as much as I love to play Charles Hoskinson

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<v Speaker 3>on my show is very entertaining, I think his criticism

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<v Speaker 3>is fairly unwarranted. If you look at what's happening on

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<v Speaker 3>the Cardinal Network as opposed to what Ripples building, They're

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<v Speaker 3>in totally different classes. It's like comparing Apple or Amazon

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<v Speaker 3>to friendlies or an ice cream shop.

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<v Speaker 2>Almost. I had Charles on last week. It was interesting.

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<v Speaker 1>I pushed back a little bit when he was talking

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<v Speaker 1>about Rippling kind of the strategy behind it, and I said, listen,

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<v Speaker 1>the flywheel effect, to your point is that when Ripple

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<v Speaker 1>does make a sale, that money is injecting back into

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<v Speaker 1>the ecosystem, which is then injecting into the Xope Ledger,

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<v Speaker 1>which is building. Of course, companies, products services, easy ad

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<v Speaker 1>does a whole launch here at this event, and it

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<v Speaker 1>was like a shark tank. I didn't know what to expect.

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<v Speaker 1>I walked over there yesterday. Two hundred guys in there. Wow,

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<v Speaker 1>building on the Ledger. I met like fifteen people like that,

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<v Speaker 1>all of which and I think the winner was an

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<v Speaker 1>eighteen year old Amazing that is building on this. So

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<v Speaker 1>when you hear that ABS does that make you feel like,

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<v Speaker 1>all right, this is going to be the future for me.

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<v Speaker 3>I feel like blockchain right now we're at a pivotal

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<v Speaker 3>time when I think we're really moving from the speculation bubble,

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<v Speaker 3>and I know there's going to be speculators who come

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<v Speaker 3>in post clarity, but we're starting to focus on real products.

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<v Speaker 2>And that's why these developers are so important.

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<v Speaker 3>Like a guy like me, I love covering these topics,

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<v Speaker 3>but those are the real people who make a difference

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<v Speaker 3>in the space building those real world products. And you

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<v Speaker 3>brought up something that I find so important, which is

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<v Speaker 3>that demand is sustained when it comes to real companies

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<v Speaker 3>tapping into the Ledger. A lot of times we see

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<v Speaker 3>the demand come in, the narratives go up, and then

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<v Speaker 3>the price is crash on the back end. If something

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<v Speaker 3>like g Treasury starts tapping into blockchain products, that demand

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<v Speaker 3>is going to be sustained for years and it's going

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<v Speaker 3>to continue to build well.

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<v Speaker 1>And the point behind this in terms of innovation, you

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<v Speaker 1>look at Ethereum and what they've been able to build

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<v Speaker 1>in a very i'd say short time. If you look

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<v Speaker 1>about twenty seventeen to where we are right now, not

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<v Speaker 1>even a decade. Yeah, imagine where we are in a

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<v Speaker 1>decade on the XRP ledger. Oh, especially post clarity, whether

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<v Speaker 1>it comes through this cycle or post you know what

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<v Speaker 1>we're going to see in the midterms. Yeah, I think

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<v Speaker 1>the opportunity here in terms of company innovation is really

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<v Speaker 1>big for ripple On. Of course, that is the big

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<v Speaker 1>play here right now. When you look at the position

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<v Speaker 1>right now on the FED warsh coming in.

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<v Speaker 2>The concern that everybody has is that there's not.

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<v Speaker 1>Enough votes right for them to do a cut.

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<v Speaker 2>I don't know.

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<v Speaker 1>I feel like this is a cat and mouse game

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<v Speaker 1>with share Powell currently. If he leaves at some point

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<v Speaker 1>and Trump can assign another FED chair or now or

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<v Speaker 1>FED participant governors, that may give them the votes they need.

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<v Speaker 1>And timing wise, if we ease up in Iran, inflation

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<v Speaker 1>may still hold, but we're still losing job may maybe

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<v Speaker 1>that's the data that would need when.

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<v Speaker 3>The straight of Horn moot situation is very interesting because

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<v Speaker 3>I can follow the headlines. You think we've won thirty

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<v Speaker 3>five times and obviously we're still over there battling it out.

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<v Speaker 3>But what every single time oil hits about one hundred

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<v Speaker 3>and twenty dollars, Trump comes out and makes an announcement

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<v Speaker 3>over this weekend. I don't know if he did it

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<v Speaker 3>because we've been so busy during this week traveling the

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<v Speaker 3>Bitcoin conference.

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<v Speaker 2>The XRP conference. I did see oil hit one hundred

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<v Speaker 2>and twenty dollars, but I think that's going to be

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<v Speaker 2>the major factor here.

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<v Speaker 3>If ifsh comes in and it's in its current circumstances,

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<v Speaker 3>I'm not sure they're going to be able to reduce rates.

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<v Speaker 3>I mean, that's just the logical conclusion. But I'm not

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<v Speaker 3>sure where your opinion would be at Well, I look.

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<v Speaker 2>At it this way.

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<v Speaker 1>The thing I think Warsh is really put up against

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<v Speaker 1>right now is the rising inflation and it continuing to

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<v Speaker 1>hold okay, But the problem.

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<v Speaker 2>Is is the FED has two mandates.

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<v Speaker 1>Not only is it price stability, it's also jobs stability. Yeah,

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<v Speaker 1>so jobs are not online with where we need to be,

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<v Speaker 1>and it continues to decline if we continue to see

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<v Speaker 1>the AI push, which, whether you believe it or not,

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<v Speaker 1>the timing is a little bit surreal that we're not

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<v Speaker 1>getting new jobs. AI is now climbing, yeah, especially in

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<v Speaker 1>the white collar. So I'm a little concerned if that

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<v Speaker 1>continues to fly. Now you're dealing with stagflation issue, and

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<v Speaker 1>at that point, I think the FED has no point

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<v Speaker 1>but to be able to go in and try to

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<v Speaker 1>reset the market. I think there's gonna be a cut

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<v Speaker 1>this year. I might be wrong. I love that, but

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<v Speaker 1>it would only be if there's one caveat, and that

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<v Speaker 1>is if Powell steps away, right, because we would need

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<v Speaker 1>that extra.

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<v Speaker 3>Vote to give them, And it's a big caveat because

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<v Speaker 3>if you listen to him, he seems prety vindictive.

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<v Speaker 2>Right now, he says I'm not leaving. It's like the

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<v Speaker 2>Leonardo DiCaprio quote in what Wolfele Wall Street. Right.

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<v Speaker 3>So I think it's an interesting time for that as well,

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<v Speaker 3>because when you listen to the Jerome Powell situation, I

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<v Speaker 3>think he's gonna do everything he can to make it

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<v Speaker 3>really difficult. As as much as I wish that wasn't

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<v Speaker 3>the case. I voted for Trump. I support Trump. I'd

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<v Speaker 3>love to see them reduce rates. Jerome Powell that whole lawsuit,

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<v Speaker 3>remember the three billion dollar lawsuit that's going on. So

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<v Speaker 3>it may be more personal than it is political.

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<v Speaker 1>Right, Well, I think it's clearly been drawn out that way. Yeah,

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<v Speaker 1>And Powell said said it on stage at the FOMC

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<v Speaker 1>meeting the other day, he said, listen, until I'm fully exonerated,

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<v Speaker 1>I'm going to continue to do my job here, just

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<v Speaker 1>like you know I've always done. And I think Trump

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<v Speaker 1>is now playing a game of chicken with him as

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<v Speaker 1>to which one is gonna you know possibly.

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<v Speaker 2>Well, we know nothing about Trump.

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<v Speaker 3>He's a winner, right, So in the end, I think

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<v Speaker 3>Trump hopefully can sustain this battle and eventually we will

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<v Speaker 3>see a reduction in rate.

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<v Speaker 2>And the job crisis is a huge problem. You listen

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<v Speaker 2>to the numbers.

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<v Speaker 3>They're often reported and then they're revised a few months later,

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<v Speaker 3>so which is usually worse, right, much worse. And so

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<v Speaker 3>if that's continues, then I'm not sure how they can

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<v Speaker 3>prevent it.

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<v Speaker 2>But you know more than I do when it comes

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<v Speaker 2>to these matters.

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<v Speaker 3>And if you're telling me we're getting a rate cut,

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<v Speaker 3>I'm gonna lean into that.

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<v Speaker 1>That good God, we'll see if that's gonna happen, right,

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<v Speaker 1>all right, guys, you know what know what to do?

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<v Speaker 1>Of course, covering the x RP Las Vegas event here

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<v Speaker 1>with abs and many more. Of course, today's gonna be

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<v Speaker 1>a big lineup. We've got a lot happening here we'll

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<v Speaker 1>try to bring more content to you. Be watching the

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<v Speaker 1>show of course for a good evening. Crypto, you guys

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<v Speaker 1>are covering the event as well, and absolutely are you

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<v Speaker 1>doing today the special.

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<v Speaker 3>Actually, we're gonna be doing a bunch of in person interviews.

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<v Speaker 3>We're releasing them all next week, so go all right,

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<v Speaker 3>be awesome. Thanks for having Mela, you bet as always.

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<v Speaker 2>We will catch you guys later on the Take care

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<v Speaker 2>to dist