I will not vote for a bill that does not have the proper ethics language and that does not address the concerns of the law enforcement community. You know, I'm a former prosecutor. So I take very seriously the concerns around illicit finance. I think we're almost there. But I think it means that everyone should continue to keep their sleeves rolled up.

Welcome to the policy protocol, a brand new show from CoinDest that gives you a bite-sized overview of all the happenings in crypto law policy from the past week.

This is your espresso shot of everything you need to be, everything you need to know to be in the know. I'm Rebecca Reddick. I'm here with my co-host, Renato. Who are you, Renato? I'm doing well. Wow, it's been quite a week yet again, Rebecca. So much to talk about. There's a lot to talk about. Tell me what's your hottest topic of the week. I think there were many to pick from, but where are you? I think it's perps. I mean, look, one day after

submission to the CFTC from Kalshi, the CFTC approved the listing of Bitcoin

perp. And now it looks like Kalshi is going to list a whole bunch of perps.

They're seeking permission and everything from ETH to Doge.

And then literally on the same day, Coinbase received permission from the CFTC to list Deribit

perps on their exchange and to treat them as foreign futures. I mean, really

interesting. And we essentially now have perps on board in the United States, but only on two platforms

for now. Okay. And did the CFTC do or say anything particularly interesting when they were

giving permission both the Coinbase and

Tukal She? Well, I do think, first of all, one day is remarkable turnaround from the CFTC.

You know, usually it's a 45 days or more for that review. So I think a lot of competitors are going to wonder what this means for them

and whether they need to get in on this action. And, you know, regarding the Coinbase permission,

I mean, one thing that the CFTC did is rely on the fact that Coinbase is a publicly traded

company that wholly owns the foreign platform. I can't think of another

company that does that, Rebecca. And so, you know, what that tells me is that maybe some other

publicly traded companies in the U.S. are going to start looking to acquire foreign platforms

of their own. Interesting. So a few winners out of the gate last week. I think there was a lot that we could talk about.

I think the hottest topic for me, because it has so many other implications, I don't think it's so strange, but earlier this week, the U.S. Department of Treasury's Office of Foreign Assail Control, what we call OFAC, designated an exchange called Nobatex,

which is Iran's largest digital asset exchange, along with three other Iranian crypto exchanges

as part of what they call economic fury. I think I have a lot of thoughts about this,

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