I mean, do you view this as a temporary legislative setback or does this have more weight and significance in terms of the U.S. and where it stands globally in building infrastructure for digital assets?

Yeah, I agree.

I think it's a temporary setback.

There was a hard-fought battle on both sides, on the banking industry and on the crypto industry, in virtue of what they wanted to see in the market structure bill.

But those conversations are still happening.

And so I'm not convinced that while this clarity act did not pass in the Senate, I do think you'll see future iterations of it come out and we will get some sort of market structure because if you just look at the adoption of the technology, like some of your biggest banks, your biggest payment processors, and of course your crypto companies, they're all adopting this technology for stable coins, blockchain as the rail, and then tokenized RWAs for the capital markets products.

And so the technology is here to stay.

What are you seeing today that's telling you that businesses are really ready to use this infrastructure at scale?

And what was that process like? You don't have to give me the details if you don't want to, but I just want to find out what that, what that shifting, what that shifting process was because you've done it successfully so far.

Yeah, I mean, you know, it wasn't really painful.

It wasn't really that painstaking, to be honest.

I think it's primarily because of the culture that we build here at Stable C, where, you know, every week we tell, like, the team is small.

It's eight people.

So I think principally and philosophically, in the new era of work that we're entering into, teams are going to be small.

I'm not particularly convinced that we're going to live in a time where you've got 10,000, 20,000 person organizations anymore, like you did in the 1990s, 19, or the early 2000s.

How do you continue to build on top of an environment that is quicksandish?

Is that your philosophy that you should enhance what they already have? Or is that simply a pragmatic way of building the business?

I think it's, I mean, I think philosophically innovation is interesting because you, you know, innovation and financial services, like, our philosophy is like if the financial system was disrupted overnight, I don't think that's a net good thing for the world.

Like there's some some industry should be disrupted overnight.

But when you're in highly regulated spaces that touch consumer finance, business operations, et cetera, I'm not convinced that disrupting that system overnight is good for the world.

And so when you think about innovating in regulated spaces, whether that be health care technology, financial technology, nuclear energy technology, et cetera, you should always stand on the shoulders of giants with your innovation.

And when you squint at it, innovation looks like a two degree increase in efficiency of something that historically existed before you.

And so, you know, from when you think about that and you break it down, it's more or less like the fiat, the fiat system and like the banking system that exists.

What's the hardest part about doing this startup?

But

so, I mean, the first point is that we don't even sell like stablecoin in our narrative or messaging.

It's really around, do you want access to high yield yielding securities? And is that a money market fund or a fixed income product? Secondly, you know, as we start to educate, we then disclose like, hey, this you send us USD, we convert that to a stablecoin USDC.

We then move that stable coin on chain when you decide to buy a money market or a fixed income product.

It will sweep that into an asset manager that we use.

That's the educational piece.

The second point to unpack is crypto is like a broad catch-all phrase.

How do you see, you know, the extension, the potential extension of the range?

So can you just start us off with some basics along the lines of sort of what are stable coins? How do they work? And what does stable C do in simple terms?

Yeah, so very concretely, Stable C, it's free to sign up, stablec.com. What we do is we help businesses access savings products.

So money markets, really.

So most of the businesses don't have access to high yield savings products or capital markets products.

So money markets or fixed income.

So if you don't have a business savings account, we help companies put that capital to work.

And then we also help companies move their money efficiently cross border.

What are some of the sort of bigger picture things that we might not encounter otherwise, but that you're keeping an eye on because you think there's some promise?