You're listening to CoinDesk's Money Reimagined with Michael Casey and Sheila Warren.

Hello and welcome to Money Reimagined. I'm Sheila Warren. I'm solo today, but a reminder you can listen to us weekly and you'll catch me and Michael next week on the Coin Desk Podcast Network or wherever you get your podcasts.

And we'd love to hear from you.

Tell us what you think by emailing us at podcasts at coindex.com subject line, Money Reimagined.

It's a big news day, as every day is here in the crypto universe.

Today, we woke up to the news that a U.S. court ordered the

SEC to vacate its rejection of gray scale's bid to convert its Bitcoin trust into an ETF.

Now, we're not going to get technical about what this exactly means. We'll have an episode on the

SEC coming up in a couple of weeks. But the point here is that the U.S. may be about to get

its very first spot Bitcoin

ETF. And this is a big deal. It's a big deal in part because other countries are way ahead

of us on this, as they are in many other areas that involve crypto and crypto regulation.

But the door is now open for a spot Bitcoin ETF in the United States. Advocates have argued for a long time that this particular type of product would enable a bigger swath of the public to invest in Bitcoin without having to go through the hassle, which it still is a hassle to this day, unfortunately, of buying it directly, or of dealing with potential issues like picking the wrong custody provider who may not

survive as an example. The SEC has systematically disapproved every single ETF application

that's gotten to date, but a new slot of applicants we expect to kind of burst in and try to

kind of get into this market. I'm joined today by our guest Alex McDougal, who is the CEO

StableCorp, which is a Canadian-based company that's created the Canadian dollar-backed

stable coin, the first one on the market. But Alex, I'll love to bring you in today to just chat

quickly. You're Canadian and your HQ'd in Canada. And of course, Canada has had an ETF for quite a long

time. In fact, as I recall, we actually had 3 IQ CEO Fred on, God, I'm looking this up, two years ago now.

So two years ago, Canada already had Bitcoin ETFs like on the market.

How is that developed of the course of time?

...