Andrew Parish

Or are those organizations thinking, you know what, why don't we just build our own version of that stuff and we're going to make it ubiquitous in our systems here that we've decided to build?

That's interesting.

To me, that conversation is meaningfully interesting.

Because innovation doesn't just stop at the crypto ledge.

They're doing stuff in the traditional banking space as well.

So we'll see how it plays out.

But I think politically, I think the Clarity Act, it's got a fork in it.

It's still wobbling around.

But I don't think there's meaningful progress that gets made throughout 2026.

That's just my view on it.

I think it's a fairly, you know, both sides are pretty entrenched.

So we'll see.

But that's my view on it.

So a little bit of context to the conversation too.

18 months ago, nearly every crypto company that was doing business in the United States was under investigation by the SEC and was making plans to leave the United States.

Like you and I both know Coinbase was increasing operations overseas.

Gemini, increasing operations overseas.

I remember the Winklevoss twins were putting out videos where they're meeting politicians in Poland and politicians in Germany.

And, you know, they were thinking to themselves, hey, we may not make it in the United States.

No, they decided to wear suits and spend a little bit of time in banking type buildings and political buildings.