I’ve been in this industry long enough to remember when regulatory uncertainty was one of the biggest constraints on crypto. Institutions hesitated while builders moved jurisdictions. And teams had to spend too much time trying to understand what they could build instead of focusing on what they should build. So seeing the industry at the White House with a clear push for market structure legislation feels very different. CLARITY could give institutions a framework they can actually plan around and give builders room to focus on building instead of interpreting regulatory risk. If the U.S. gets the framework right, other markets will have a reference point to build from instead of starting from scratch. That could give stablecoins the regulatory foundation they need to move from early adoption into a much larger phase of global growth.