Some of the concerns right now with the banking bill can be addressed in the ag bill.

And some of the concerns in the ag bill will absolutely be addressed in the banking bill.

But when they're running on two parallel tracks instead of converging,

that I think is causing some of the challenges, even with bringing Democrats along.

We have Coinbase's VP of U.S. policy.

Kara Calvert joining us to talk to us a little bit about Coinbase pulling its support for market structure just a few days ago.

Kara, welcome to the show.

Yeah, thanks so much, Jen.

Appreciate it.

Thanks for being here. Now, let's just lay a foundation for our audience watching at home. Why did Coinbase poll support? There have been

several communications from folks all over the organization, including CEO Brian Armstrong,

but just laid out for us. What are some of the contentious points that Coinbase just couldn't

get on board with?

Well, I think what it really starts with is the idea that this bill had less than 24 hours to breathe.

And it was a document that was released.

Most of it, if any of it, had not been seen before.

There was a very small group of people that had reviewed this piece of

legislation. And that, I think, was an indication that there were some fatal flaws. And there were

some provisions that we knew would get worse with a very, very short window to offer amendments

and to try to solve some really important compromises. One of those, and we can talk more about it,

one of those was how everyday Americans continue to earn rewards and how we think about ensuring that the products

and services that are out in the marketplace today, how we don't rip that out, especially when

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