The U.S.’s largest crypto exchange is relocating from Delaware to Texas, part of a broader wave of companies leaving the First State for more favorable jurisdictions. Coinbase Chief Legal Officer Paul Grewal joins the show to explain the move and why Texas is fast becoming a new hub for U.S. innovators.

Canary Capital made history this week with the first-ever 33 Act spot XRP ETF, opening Wall Street’s doors to institutional access to the world’s third largest digital asset by market cap. Canary CEO Steve McClurg joins the show to discuss the record breaking launch.

And on Capitol Hill, the Senate Agriculture Committee released its long-awaited market structure discussion draft. We get Digital Chamber CEO Cody Carbone’s take on the text and how the industry is reacting to it.

What made the donkey and the elephant political?