XRP WARNING 💥RIPPLE JUST SCREWED RETAIL💥

Added: 2026-05-06

[00:00:00]Yesterday, I brought you a story about Senator Tom Tillis blocking the Clarity Act yet again. Well, guess what everyone? He's got another reason to block the Clarity Act, and it's different from all of his others. We're also going to talk about big news from Ripple. Oo, they've got it in on some exchanges. Paul Greywall gives us some action, and Pump. Funed something that a lot of you wanted, but did it achieve the results? Oil is up $103.36 while the crypto market is mostly in the green. Meme getting a little boost here with Doge up 8.72% as the volume hits 124 billion. We had back-to-back days of outflows with BTC and ETH combining for 111 million in outflows. Now, let's talk about Visa because we got some big news here. Visa accelerates stable coin momentum, adding five blockchains for settlement.

[00:00:57]Stablecoin settlement pilot sees record growth, 50% quarter over quarter, reaching a $7 billion run rate. So who did Visa add to their settlement layer?

[00:01:09]It wasn't Ripple. It's Arc Base, Tempo, Canton, and Polygon. Today, Visa announced that it's adding five blockchains to its global stable coin settlement pilot, expanding how issuers can acquire and settle on the network.

[00:01:25]Our partners are building in a multi-chain world, and they expect their options to reflect that reality.

[00:01:30]Expanding our stable coin settlement pilot program to more blockchains means our partners can choose the network that best fits their needs. Ark, an open layer 1 blockchain created by Circle Base, a high performance blockchain powered by Coinbase. Canton, built with configurable privacy. Polygon, a leading blockchain payment solution that enables fast, lowcost transactions in Tempo, focused on faster private, and more efficient movement of stable coins. With these additions, Visa now supports nine blockchains across adding support for Avalanche, Ethereum, Solana, and Stellar.

[00:02:08]Oh, they're doing stuff with Stellar.

[00:02:12]Sorry, I didn't really think much about it because the price of Stellar's XLM is suck so much balls at 16.1 cents that yeah, integration doesn't really mean jack [ __ ] does it.

[00:02:25]Now, pumpf fun did something that we all need to hear about. Listen to this.

[00:02:29]Pumpf fun says we have burned all bought back pump tokens. You know, a lot of you out there have been like, "Bro, they need to burn the supply. Burning the supply will raise the price." Listen to these numbers, okay? We have burned all bought back pump tokens around 370 million worth of purchases, about 36% of circulating supply to gain trust with our community. On top of that, we initiated a programmic buyback and burn scheme at 50% of revenue for the next year to instill trust, predictability, and sustainability for the underlying ecosystem. So, they're burning a lot.

[00:03:07]They're doing everything they can to reduce the circulating supply to increase trust, and most importantly, increase price action. They said Pump is changing for the better of token holders, the team in the ecosystem.

[00:03:19]Learn more about why we made these decisions and where we're heading next.

[00:03:22]Joe did all of the burning. Did all of these new mechanisms actually help pump that fun out? [ __ ] no. Still dumping, dumping, dumping down 74% from its initial launch and down even further from its peak way back here in September. Avento proof that burning does jack [ __ ] Stellar burned 50% of their supply.

[00:03:52]Didn't help them out with their [ __ ] pricing. Pumpf fun is burning a shitload. Doesn't help it out at all.

[00:03:59]Pumperoni and dumperoni. And that's what you've seen in this market. Players pump. Fun up from August to September of last year only to crash it all the way down to new alltime lows. So every time people out there saying, "Yo, we need to burn the circulating supply." Just remember pump got funded and it didn't do [ __ ] jack [ __ ] for him. Now let's go to a comment. Why you the viewer matter most? Thomas say sue hopefully I said that right. Dropping support. Well thank you. And he says thank you sir and I say you're welcome and thank you very much for supporting the channel keeping us sponsor free. Now let's go to the news you want to hear about. Senator Tom Tillis. He's blocking and he's blocking for yet another reason. This reason? No.

[00:04:43]No no no. It's DeFi for real. He's [ __ ] blocking now because of def.

[00:04:49]This is from Patrick Whit. ICBA is doing its members a huge disservice over this issue. As communicated to their leadership ad nauseium, an outright prohibition on stable coins rewards is dead on arrival. Where the ICBA to succeed in defeating Clarity over this issue, their reward would be that genius controls, which if ICBA's argument is to be believed, would be catastrophic to their members. as they say, play stupid games, win stupid prizes. Instead of committing continued lobbying malpractice, ICBA should be enthusiastically supporting the compromise that Senators Sillis and Austin Brooks have reached. But it doesn't matter because Tillis is now blocking for yet another reason. Senator Tom Tillis says lawmakers need to address concerns raised by law enforcement groups about a key provision in crypto market structure legislation.

[00:05:40]a big new hurdle for the bill. Paul Gwell, chief legal officer from Coinbase, says this, clarity doesn't weaken law enforcement and strengthens law enforcement. Let me count the ways.

[00:05:49]One, clarity expands the bank secrecy act to cover digital asset brokers and exchanges. Two, clarity enhances seizure and forfeite. Three, clarity creates a designated law enforcement contacts at digital asset. Four, clarity focuses on crypto activity in US jurisdiction instead of letting it operate offshore.

[00:06:06]Senator Tillis, are you just [ __ ] doing everything you can to block this [ __ ] Now, let's go to another comment.

[00:06:12]King Crunchy, I like that. Says, "Overpromise, underdel is another way of saying that they lied to us." Totally freaking true.

[00:06:22]Don't worry everyone, XRP is our northstar. Yeah, it's also like dangling the carrot for [ __ ] too, my guy. But yeah, overpromising and underd delivering is another way of saying that they lied to us. Now, some of our favorites are moving a little today, which is good. Bitcoin 77,000, E2310, B&B at 622, XP at $138. Oil moving as well as I shared with you earlier today.

[00:06:48]Volume not bad, but also not great.

[00:06:51]You're seeing a lot of negativity here.

[00:06:53]Even Patrick Wit is calling out the Independent Community Bankers of America saying, "Look, y'all have no idea what you're [ __ ] talking about. It doesn't matter. They've now got support not only from the Democrats, but a Republican who's willing to block it. He's blocked it now on four different things.

[00:07:11]All right, let's go to the Ripple news.

[00:07:13]RLUSD, by the way, this is all linked down below. RLUSD is now live on OKX.

[00:07:20]Starting today, users can trade across 280 plus RLUSD pairs as RLUSD as collateral and access to the full XRPL deposit withdraw support. Okay, what else do they got for you? Ripple Prime can now trade BTC options on bullish and use RLUSD to trade institutional crypto fully integrated. Oh, okay. So, you're basically pimping out RLUSD.

[00:07:51]Got it. Read you loud and clear. And I think the rest of us should read this loud and clear as well. Awesome. You put XRP on the side of the building and you use a [ __ ] ton of XRP to do it. But the reality is all your settlement letters and trading pairs are on RLUSD where you make the most money. See, that's why Brad Garlinghouse and Ripple don't care about the Clarity Act. already making ass tons of money and their focus is what? Institutional money. So, they don't have to worry about the laws banning any sort of retail stable coin rewards. Oh, that's right.

[00:08:29]Because they're focused on institutions.

[00:08:33]I get it now. Now, the price for XRP shows us exactly what exactly that stallage on the Clarity Act. stalled on the Middle East and two months of absolute sideways action. We're going to be almost three months here soon in a week.

[00:08:55]Meanwhile, we're seeing that Pump Fund tried to do something to amp up the community. They tried to do something to help the price and it didn't [ __ ] work.

[00:09:05]Over supply, under demand. Because think about it, what are you noticing about a lot of these cryptos? They have to keep dumping on the market to help their operations, but they keep dumping, adding more to the supply when there isn't much demand there. Pumped. Fun is a great example of that. Look at their chart and look at how much they've burned and their burn mechanism hasn't done [ __ ] Trump's team did the same thing with their cryptos as well. They initiated a burn mechanism to help the price. That didn't work either. Why?

[00:09:35]Because people are using crypto for speculative reasons. Pumperoni and dumperoni. They make their money then they get the [ __ ] on out. Check this out. Look at the volume for pumped up fund. Biggest pumped up funds were when the prices going up and then as soon as they dumped it went quiet af. Same thing for XRP. The biggest volumes for XRP happened last year in July during crypto week. Since then, players took their profits and sold out going to shrinkage of volume. So the next time someone says, "Yo, we need to burn the supply to make the stuff." No. No. Does that make sense? If I told you that we wanted to make the dollar worth more, so in order to make the dollar worth more, we should all burn our money, our cash, you'd be like, "Dude, you're [ __ ] stupid."

[00:10:21]Well, that's what Pump D. Funded and that's what a lot of other players are doing in crypto and ain't working. But don't worry, Senator Tom Tillis is here to make sure that Clarity Act doesn't work either. Why? because he's bought by the banks. He's been pissed off and pissed on by Trump and he's not going for reelection, which means he doesn't give a [ __ ] about his legacy. He's out, [ __ ] So Visa is picking a bunch of different blockchains to help out with stable coin settlement. Ripple's got two announcements pimping out RLUSD stable coin. The Clarity Act is held up on most importantly stable coin rewards. What's the theme we're all hearing here this morning? I don't know, Claus. Sounds like stable coins are where it's at in the cryptoverse. Uh yeah, as we've learned that players prefer them because their price is stable and they have taken over the utility space of crypto, specifically the payment space. So with stable coins sliding into the payment space arena, that pushes what? Native token assets that you and I love out of the payment arena. Because let's [ __ ] be real here. Who's using XRP for payment? Not really anyone. Who's using XLM for payment? Not really anyone.

[00:11:32]We're using it as speculative assets.

[00:11:33]Now, who's using RLUSD for payment? A lot of people. What about USDC and USDT?

[00:11:38]A lot. A lot of people. And companies like Circle are making ass tons of money on the issuance of their USDC.

[00:11:48]And now we've got Tillis blocking on what a fourth different measure in order to what? Protect the banks because of money, right? commercial deposit flight based on stable coin yields, not crypto yields, stable coin yields.

[00:12:04]Brad can say all he wants that XRP is the northstar, but what he really means to say is XRP is Ripple's piggy bank.

[00:12:11]And he wants to thank retail for all of their support. What about the pumpf fun news? When they first launched, that thing was freaking roaring. People were like, "Oh, we're going to make so much money." They were like, "Oh, the pumpf fun ecosystem. we need to make all the coin holders money. Well, they tried all this burning [ __ ] and that didn't work.

[00:12:29]Trump organization did the same thing.

[00:12:31]They burnt a shitload. That didn't work.

[00:12:33]In fact, before the dinner happened, people were unloading the Trump action.

[00:12:39]Why? Because they already got what they wanted. So, they played the pump and then they played the dump. And that's how crypto is right now. pumps and dumps, manipulation, overpromising and underdelivering because oh, we're still waiting for the crypto strategic reserve. We're still waiting on the audit of Fort Knox. We're still waiting for the Clarity Act. I'm kind of wondering if 2027 I'm going to be doing videos and all you're going to be hearing about is Clarity Act update in March 2027. Probably [ __ ] believe it this time. So, Choo Choo, what? Well, it's not Choo Choo native token holders today. It's choo choo stable coins because the stable coins have the utility. But bro, settlement. Settlement don't [ __ ] make you money. So shut the [ __ ] up with that [ __ ] Choo choo what? Well, that's pumped up fund holders how much choo choo action they got with the token burn. Yeah, let's burn our money to make it worth more.

[00:13:32]That's the logic we're using in this space. You got extra something, [ __ ] burn it. I want the value of my Bo Jackson rookie card to go up there. So maybe I just burn it so there's less in circulating supply. Cryptologic. Choo choo [ __ ] Well, I got stupid poopas with me hanging out this morning and shoot you [ __ ]