Ryan

This is Brian Armstrong.

He said, there's too many issues with this last bill over the past 48 hours.

There's a de facto ban on tokenized equities.

There's DeFi prohibitions giving the government access to your financial records, removing your right to privacy.

Erosion of the CFTC is favoring towards a SEC.

And of course, you're killing stable coins and you're killing stable coin yield.

And he said, we'll keep fighting for all Americans' economic freedom, of course, but we'd rather have no bill than a bad bill.

Hopefully, we can get a better draft.

So he's still hopeful there'll be a better draft.

But he's saying, if you guys try to pass this, we're withdrawing our support.

Which is interesting.

I mean, they're a major voice in the crypto community for sure.

Coin Center, a fantastic organization.

They've been protecting crypto and helping crypto sell sovereign values from the very beginning.

I think they see the BRCA that we were talking about earlier as such a big win in that it protects non-custodial developers in the Roman storms of the world that regardless of anything else, if that passes, they still count this as a net win.

And I think that's kind of the difference.

Of course, they'd want all of the things

Coinbase also wants, but creating a bill, as you can tell, there's a lot of compromise involved in getting something that no one loves perfectly, for sure.

It is interesting, though, there are a number of other crypto organizations that still like this bill, even as is.

I mean, they want more, but like Ripple, Kraken, A16Z, Circle,