Brad Garlinghouse

It was over 150 million worth.

I don't know if Mr. Garlinghouse, their CEO, is going to be freezing those funds.

But guess what? There was no Bitcoin stolen.

I looked at the whole list.

They left the United States without the digital asset framework this industry has spent years, years, Chip, fighting for.

Brad Garlinghouse says consumers and American competitiveness were simply left behind.

And now some of the senators who stopped it can't even give a straightforward answer about why they voted against it.

yeah but while the politicians block clarity and we'll jump into this and explain a little bit about why that happened and again jeff why we called it spot on everybody else called us crazy you know the xrp ledger just moved deeper into the infrastructure for ai agents open wallets machine payments through standards connected to stripe and tempo and congress may have stopped the legislation but they didn't stop the technology you ready to get into this let's go

More to be done on why this failed.

More from me on that in the day's ed.

Again, this is Garlinghouse.

The politics of the Democrats, the anti-crypto army, was elevated over good policy.

This has been sitting in the Senate coffers since the end of last year, 2025, heading into January, and the Democrats had all of these stipulations, laws, rules, things that they wanna put in place in order for it to be considered.

Cynthia Lummis, who is, uh, one of the main people that has been on the advisory board for cryptocurrency, um, has been saying like, "You know, we've been in good faith, uh, talking to them and working with them," [sniffs] and the CEO of Coinbase and, uh, Ripple, which is the parent company of Brad Garlinghouse to XRP, and they voted no.

So here's the interesting part about this: as we take a backseat in the advancement of cryptocurrency because these people can't get their head out of their ass, and because we have- Such an inability to stand behind our fellow conservatives, and this was the argument that I have- I was having today, which is the backroom deals that occur with the left happen not only with the left, but the RINO assholes on the right.

So you're constantly dealing with this backstabbing BS that goes on because the left sticks together.

I'll be speaking tomorrow afternoon.

We got Brad Garlinghouse in attendance tomorrow, bright and early.

So for those that did pay for the ticket that are in the mastermind that, you know, showed up today and then we'll be here tomorrow.

You're going to get a treat.

I would love, love, love to be wrong on that, by the way.

I'm at a 1% chance that they can get this across the line here in 2026. just it's frustrating you know i would i would like to see the us be the leader and move on this we've had so many other jurisdictions you know actually get legislation across the line but you know i'm not holding out a whole lot of hope uh that we are going to see a bipartisan bill uh that's how it was you know put forth to everybody you know the beginning this morning everybody was excited about it everybody hooting hollering we're gonna get this across the line Lots of people coming out advocating for it.

Patrick Witt, Cynthia Loomis, Brad Garlinghouse, and many others making tweets today, you know, pushing Congress to get this across the line.

But with the Democrats, you know, now pretty much rejecting the draft that was put together based on the ethics component of it.

It's not, that's not what it's for.

But, um, It's a step that Ripple CEO Brad Garlinghouse described as extending compliance standard to cover both federal and state oversight.

This adds a federal supervisory layer on top of the existing NYDFS charter rather than replacing it.

And that federal level is key as well.

I don't know.

There's been a lot of things over the years, even that one where he had Brad Garlinghouse dressed up as that DJ that says the good morning, get out of bed, that song.

There's lots of them.

Anyway, I don't know what that is, but Trump would for sure draw a way bigger crowd than me.

Sunday could happen late, you know, if Japan's markets open and things were to shift and, you know, but realistically, it's probably going to happen during the week because the ETFs need to be trading in order to be able to transfer the volume or that liquidity into XRP and drive the price.

If you want to put your tinfoil hat on, Ripple Schwartz, David Schwartz posted a long time ago that there's no such thing as a happy Monday.

I don't know if that's a riddle or not, but he was pointing at Brad Garlinghouse when he made that tweet.

I've always kind of thought it would happen a Sunday night into a Monday when the carry trade, because that's when it happened the original time.