This bill is, and I've written about it as so foundational when you pair genius and clarity

together that it's almost like the Securities Act of 1933 and the Exchange Act of 1934, the pair of

which, and of course there were others that also mattered, but those two laws basically created

the conditions for the last 100 years of U.S. capital markets

dominance. And I sort of view the pair of genius and clarity, if we get these both through.

You're looking at decades of innovation and integration using blockchains in U.S. capital markets.

And that's why you want it.

All good. Bankless Nation, I'm here with Alex Thorne.

He is Head of Research at Galaxy Digital.

I think being head of research at Galaxy Digital means that you are researching Clarity Act for the past

two, three, four months, maybe even longer.

We just got a huge vote.

The Senate Banking Committee vote to pass the

Clarity Act past the committee. Now it has to go to the Senate floor, so we're definitely not done yet,

but a pretty substantial vote. Alex, how excited? How thrilled are you right now? How are you feeling?

I'm very excited. I've been a little bit on the pessimistic side in this bill over the months, you know, just the amount of complexity that is required, the competing equities, the banks and the Dems and the Republicans and the White House and the law enforcement and the developers.

And there's just so many and so many issues. It's such a big bill that I'd been generally,

I would say on the more pessimistic side, you know, in the sort of crypto policy world. I'm not

pessimistic now. I think we're saying 75% chance likely that it gets signed into law this year,

which is what me, I think two weeks ago I called it a 50-50 coin flip. That's because we were surprised in

the end. We got two Democrats to vote with the Republicans on the Senate Banking Committee to

advance the bill to the floor. So the bill is bipartisan. And we've all wanted that and worked

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