K Y C

K y c compliant edities will see cashin a wolstey flow of funds rather particularly on the institution side, depending on what the protofall is. I think there's to the point we made early around the ability to innovate just byond the cost of regulation. There are some extremely interesting and smart algarithmic plays out there that i think live outside of thi next wave of stable coin regulation. And then from a middle er standpoint, obviously we're big believers right now, and i think this goes hand in hand with regulation.