Stable Coins and Cryptocurrency Regulation

Stable coin regulation, right? And y, kind of fitting them into a money market charter type of regime, right? I think that's almost a foregone conclusion at this point. That is a whole other philosophical discussion between no permissionless and permission c b b c verses private stable coins. The purport to be that wenow custodyand assets, the defence goes, right, are not securities in the first place,. So i think that's probably what comes next, and there's a lot of headlines there to point in that direction.