Ryan

I always thought they were going to do this.

I think why it's interesting in the context of this week is Elizabeth Warren really, really, really, really hates this and is trying to prevent WLFI.

It's trying to file for a banking license.

Warren is trying to tie some of this language of Trump can't do this and Liberty Finance can't get a banking license into the clarity bill.

And that's why it all gets complicated.

To your point earlier, it would be really nice if all parties involved could just kind of divest their direct interests of this sort of thing.

So we don't have Trump meme coins and World Liberty Finance and stable coins in the Trump empire clouding things up.

but I don't think we're going to get that.

David Polygon is making some interesting moves on the week.

They acquire two companies, CoinMe and Sequence, for, I believe, $250 million.

What are these companies?

They are regulated payments companies, okay?

So this is, CoinMe in particular, has a U.S.

licensed fiat on-ramp and off-ramp and a retail network, and Sequence is an enterprise wallet in orchestration infrastructure.

What they're doing here is Polygon has become a... Tempo.

Yeah, a tempo, basically.

Tempo, of course, is Stripe's upcoming stablecoin chain.

Polygon has had a ton of stablecoin transactions in traffic.

It's one of the largest ones, actually, if you kind of look at the numbers.

Even in terms of Stripe stablecoins and settlement, that's happening to a large degree on Polygon.