Good morning. Welcome to the policy protocol, a brand new show from CoinDuss. It gives you a bite-sized overview of all the happening in crypto law and policy from the past week. What a week it was. This is your espresso show to be in the know. I'm Rebecca Reddick and I'm with my co-host, Renato Marriotti. Renato, how are you? I'm doing well. Wow, what a week. What a week. Last week, we did not have the policy protocol. We were at consensus. How was your consensus? It was great. We had a lot of people at our event, which was exciting. But look, I mean,

there was a lot to talk about. Everyone was talking about, you know, where was clarity? What was

happening with clarity? I mean, Jen and I were interviewing folks. It was on everyone's lips.

Yeah. And I was on a panel that was

focused entirely on that. Summer Mercinger was on it. Kristen Smith. So, you know, giants in the

crypto policy space. And it was really, really good. And the other exciting thing that happened for Gito

is we announced our new product that's coming, JTX. So watch this space. Well, watch lots of

different spaces for it. But so look, the biggest thing that's happened this week, as you alluded to,

is the passage out of the Senate Banking Committee of the Clarity Act. I think our hot topic is,

let's say this actually passes, given what we know about the text and

everything we've seen, is this good for, you know, making America the crypto capital of the world?

Are we going to bring everybody back onshore for crypto? What do you think? We're not now.

I think so. Look, this is more of a stick than a carrot. Ultimately, though, it extends the reach of

the SEC overseas in certain respects. And though, it extends the reach of the SEC

overseas in certain respects. And look, there's a lot of requests to study demands that,

you know, whether it's Treasury or other entities are going to be studying compliance with certain

laws. I think what's ultimately going to happen here is offshore platforms

are going to feel a lot of pressure to come into the U.S. I think that will be true, maybe. And I'll

take the other side of it because I think we saw one change that probably wasn't highlighted as much.

And maybe Lindsay will talk about this a little bit with us. But section 301 of the bill is about

non-controlling

software developers, and there's going to be rulemaking around what it means to have control

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