I think you're the right guy to ask this one. How does this does this present more market risk if I have agents trading for me?
Like I I I mean you you would know better than me.
Well, in some ways, I mean, we've seen algorithmic trading be very uh prevalent for many years, right?
So in that sense, but I think this is this is slightly different because we're starting to see um this the birth of this new intelligence if you will. So it's going to be another category of traders in the market.
And one of the things that I think we have a real opportunity to do, just looking forward a bit, um, is that we can build the leading frontier model for investing.
I think at Coinbase, the reason is that um we have we have probably the most data, right?
We have we have millions of customers that are now engaging with these and we can see every time the agent made a recommendation and you can get feedback pretty quickly like did it do well? Did it not?
And these the scaling laws apply here, right?
So if we can build the largest proprietary data set, we can train a frontier model for investors.
How does a successful clarity Act bring bring this all back into the uh bring this into the fold?
Yeah, so the Clarity Act would be a a really massive TAM expansion moment for Coinbase and actually all crypto.
And so we've been working hard with uh all parties there to see if we can help get something over the line.
The Senate seems to be making great progress, as you know, it came out of the committees. Um most recently, the Senate banking committee with bipartisan support, it's already passed the house.
So my hope here is that in the next month or so, we'll get a full Senate floor vote.
And then uh You just got to you got to have dinner with Jamie. I mean, you got to get this I mean you have this has got to be I'm ready whenever.
I mean do but do you see that happening? You have to have a reconciliation moment here.
with like a Jamie Diamond say, hey dude, look, I hear your point, you're my point, like meet in the middle here. Kumbaya, let's keep it moving because the financial system needs reform.
I would love for that to happen. My door is open whenever he is and uh you know, but I don't think it's necessary to get the actually the bill.
That's at this point the Senate has sort of told us told both of us is like we're going forward in this direction and you guys had to make a compromise. It hurt for both sides, but this is what we came up with.
and then hopefully it'll be on the president's desk in the next few months.