In this lively Thursday night edition of The Dad Ledger (shifted from the usual Tuesday slot post-Thanksgiving), hosts Ryan Fields-Spack, Timo, and Trent Cleveland kick off with some dad banter about cold weather, holiday hats, and family life before diving into the wild world of macro markets and crypto. The episode's highlight is a deep dive into the groundbreaking CFTC announcement allowing spot crypto trading on federally regulated futures exchanges—a historic move that could redefine digital assets as commodities, boost institutional adoption, and pave the way for massive market consolidation. The trio unpacks the implications for ETFs, altcoin shakeouts, Bitcoin as a gold proxy in a potential "metallic crypto standard," Ripple's role, global gold stockpiling, and the looming unwind of the Japan yen carry trade that could trigger a brutal crash. They connect dots from regulatory repeals (like CAFE standards enabling affordable Toyota Hilux imports) to geopolitical shifts (Ukraine peace deals, Venezuela turmoil) and tease a "phase transition" into 2026 with tax cuts, digital reserves, and enterprise buy-ins post-bloodbath. Wrapping up with personal wins, upcoming guests like Tom Luongo and Brie Terese, and their signature Prayer of Jabez, this episode blends sharp financial foresight with relatable dad vibes—perfect for anyone navigating the crypto chaos.Chapter:00:00 Intro & Dad Banter01:07 Macro Market Mayhem02:04 Repealing Repressive Regs04:00 Global Chaos & Crypto Wins05:28 Connecting the Dots07:07 Phase Transitions & Consolidation09:38 Altcoin Purge & CFTC Spotlight11:33 CFTC Deep Dive: What It Means13:25 Why Futures Matter for Adoption15:32 Commodities, Not Securities16:21 Gold, Bitcoin & the New Standard18:30 Ripple's Long Game & SEC Win19:03 Global Pushback & Gold Stacking20:33 National Trusts & Geopolitical Shifts22:59 2026: End of an Era24:21 Carry Trade Crash Incoming26:02 Blood in the Streets Opportunity27:14 Wins of the Week29:39 Prayer of Jabez & Sign-Off