On today's public keys at the New York Stock Exchange, Bitcoin ETFs rack up a $2.97 billion

outflow streak. Everything you need to know about margin trading and the DTCC names the first

public blockchain for its tokenized securities platform. I'm Jensenassie. Dave LaValle is with me.

Let's get into it.

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All right, let's dig into where we are this morning.

Dave, I am so happy to have you here as my co-host today.

Happy Monday.

Happy Monday. I am so happy. Consensus is so much fun co-hosting with you. It's always a good time to be back on the show. Of course. Excited to have you here at the New York Stock Exchange. We kick the show off by talking about what we're watching, what we're watching going into the week and some of the big events from last week.

For me, the Jamie Diamond, Brian Armstrong back and forth has been something that has

really stood out. I mean, look, it makes sense that there is uncertainty in the market and there's

a lack of clarity, no pun intended on what the regulatory rails are going to be around stable

coins and yields that are generated

from stable coins. Obviously, this has a potential material impact on banks, the largest-scale

banks, and also the smallest regional banks and community banks. So until there's real definition

around what the regulatory framework is going to be, obviously there's going to be some debate and everyone's going to be, you know, playing their own cards and making sure that they're, you know, positioning themselves as best as they possibly can. So I'm not totally surprised by any of this, but everyone's waiting to get, you know, that definition.

You know, Dave, something you and I heard a lot from our guests at consensus was that the passing of clarity isn't really going to affect business how it's being done, but it is really that stamp of approval that is really going to tell investors, wealth managers, advisors that this thing is here and it's here

to stay. Things like this, when I hear this back and forth, it makes me feel like, are we at a

contentious point where maybe this doesn't get across the line as fast as it needs to? And some of

those companies that we were talking about maybe start to roll back some of their offerings.

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