Brian Armstrong

I don't want to be careful here.

I don't want to be careful here.

There's the bank trade groups, which I believe are trying to undo the Genius Act.

There's the bank trade groups, which I believe are trying to undo the Genius Act.

It just got passed into law four months ago.

It just got passed into law four months ago.

And for us, that's a red line.

And for us, that's a red line.

I've talked to many others in the industry that for them, that's a red line.

I've talked to many others in the industry that for them, that's a red line.

I think we have to accept that that's law and that's going to continue to exist.

I think we have to accept that that's law and that's going to continue to exist.

But that doesn't mean banks and crypto companies can both win in this new world.

But that doesn't mean banks and crypto companies can both win in this new world.

Yes, we've got a strong relationship with Circle.

Yes, we've got a strong relationship with Circle.

And USDC is the largest regulated stablecoin because it is compliant under Genius in the US.

And USDC is the largest regulated stablecoin because it is compliant under Genius in the US.

They're compliant under Mika in Europe, et cetera, et cetera.

They're compliant under Mika in Europe, et cetera, et cetera.