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You're listening to the hash headlines headlines on the CoinDisc podcast network.

Get caught up on this week's top stories from the HASH crew.

And just a reminder, CoinDesk is a news source and does not provide investment advice.

Monday's top story.

So because we have lack of clarity as to what the heck is going on in the crypto asset industry,

it looks like a very large crypto VC is deciding to open up offices overseas, which is

something that we're going to see recurring, I think, for the next, maybe until after election season.

A16Z is expanding to the UK. They have approximately $35 billion in assets under management

across multiple different funds. And they said that the UK government is willing to create policies

that encourage startups to pursue decentralization. The office is going to open up later this year.

And it's going to be used to invest in crypto and start ecosystems in UK and Europe. And I have a

feeling we're going to see a lot more companies decide to do this. And the reason why they're said, they're not completely closing down U.S. operations yet is there's still a glimmer of hope. I forget what that meme is where, bro, maybe there's a chance. Maybe there's a chance. But these companies are starting to hedge and look at options overseas, places where they're actually welcome so that they can continue to build and make money. And it looks like the United States is going to lose quite a bit of tax payer revenue. Will, I want to get your take on this. Yeah, this is big news, right?

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