Hey, Bangladesh Nation. This is Ryan Sean Adams. I'm here with David Hoffman. We are here

to present you state of the nation. That is our weekly live episode. David, we got a hot

episode today. I can't wait to dive in. Why don't you give us a little preview?

We are talking to Jake Chervinsky, who is probably everyone's favorite crypto lawyer in

this space. He's part of the compound protocol. That's where he got his really his first

big foray into the world of crypto. But then he has become one of the most important

resources for maintaining just getting up to speed and staying up to date with what's going

on in the world of crypto regulation. There has been a ton of drama in the last two weeks.

So many different things to talk about. So much has happened. When I was DMing Jake about

coming onto the show, he gave the line that it's it was one of those weeks where decades

happened. And so we need to unpack what exactly happened and also where we are going with

the world of crypto regulation. Yeah, it's pretty crazy. David like crypto has been

in the news. It's been in Washington, DC, right? It was like a blocker. It seemed like

for the major infrastructure bill for a period of time. We're a little bit past that.

So it'll be good to kind of recap what happened and get Jake's analysis on what this means

for crypto, how we responded, how we might do it next time. What this means for for the

future of regulation in this space. So we are doing that a few things. What's new in

bank list? David, we just dropped a fire blocks podcast yesterday with the CEO of fire blocks,

just a fantastic episode talking about the institutionalization of DeFi. This is one

of those reasons where I'm actually hopeful on the regulatory front because I think some

of the big players are coming into DeFi, putting a stake in the ground and saying like,

hey, this is a useful asset class. It's not just for terrorists and criminals. This is

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