There's a lot of framing out there that this is a crypto versus a bank's issue. I think that's incorrect. Whether you're a crypto native or a bank, you should want the same thing which are twofold. Number one, you should want US regulated payment simple coins to succeed. You should want those to grow in usage, traction, and adoption. The North Stars of Genius. And stablecoin rewards are critical to allow for that growth. Secondly, we should all want the Clarity Act.

We should all want the market structure to build. Markets move

from the floor of the New York Stock Exchange

CoinDesk's public keys tracks the money, markets, and moves shaping digital assets.

In order to give us more information about clarity and where things stand on that,

we'd like to bring in my friend and our first guest, the CEO of the Crypto Council for Innovation. G. Kim,

how are you, G? Hey, I'm doing great. Thank you so much for having me. Great to see you both.

Thanks for being on. So tell us about the state of play generally and clarity. What can we expect?

Is it going to happen? That's what everybody wants to know. Yeah. One thing you'll hear

for me throughout the session is I'm an internal optimist, so I am cautiously optimistic. That said, there's been a lot going on on clarity. Senate is in recess right now, despite that there's been a flurry of activity. I know for a fact that key senators in their offices have been working around the clock as well as the White House. White House. So right now, as I mentioned, again, the action is on the Senate Banking Committee because

the Senate Banking Committee has jurisdiction over the SEC and securities to take a step back.

Senate Agriculture Committee, they passed their portion of their Marksructure Bill earlier this

year.

So now they're waiting to see what happens on the Senate banking side.

There are still several few outstanding provisions on clarity in the Senate banking side.

Rewards is one issue, a stable corn rewards that is, and tokenization and several others.

But I do expect next week when members of Congress are back from the recess officially,

there to be a flurry of activity as a next step.

And I think we can see a markup as soon as later this month, possibly next month in May as well.

So I'll take a pause here, happy to unpack this, but again, I am cautiously optimistic about next steps here.

So, G, there's been a lot of discussion of yield as an issue related to the Clarity Act, what other issues are lurking in the

background? In other words, once yield is resolved, are there other issues like ethics, for example,

...