Joining us here at the New York Stock Exchange to discuss this convergence is the lead general counsel at V.
Great to have you here.
Thank you so much for joining me.
Thanks for having me.
Well, we are seeing the adoption of stablecoins as well as tokenized assets.
So when it comes to the infrastructure as well as the migration, give us your take on what we're seeing right now.
Yeah, so I think, you know, it's been so interesting.
I've been in crypto for about 5 years now, and I think in the beginning.
A lot of the industry and interest in crypto revolved around crypto as a speculative asset class.
I think increasingly you are seeing financial institutions and the industry focus more on crypto and blockchain and decentralized systems as financial infrastructure.
So that's the sort of thing that we're building at Veda.
What we do is we build.
Custodial smart contracts called vaults that deploy capital into DFI strategies in a way that's programmatic and that allows enterprises to control the risks around it.
And so you know obviously the big story right now is the Clarity Act passing through Congress.
So Congress has been working on this market structure legislation for a long time.
What I thought was really remarkable.
About the draft that was just released and voted out of the Senate Banking Committee is that there's a real recognition of decentralized financial systems as infrastructure, right, so it's not just about how do we define the crypto assets themselves, are they securities or commodities or some other type of asset.
The question is also now how do we think about.
Crypto as infrastructure and how do we enable decentralized software systems?
What kinds of regulation makes sense?
And you know it's not just Congress that is really focused on this question, right?
The SEC and the CFTC and Treasury, the different regulators are also not waiting around for Congress to act.
They have plenty of authority to work on rules and to issue guidance and that sort of thing, and you know, both the SEC and the CFTC have been extremely active for the past year or so doing just that.
So I think we have a lot of clarity and a lot of rules coming, and that's going to be really great, not just for the adoption.
Of crypto but also for consumer and investor protection and speaking of which the you and I are here at the New York Stock Exchange and when we think about where we are as we head into the second half of 2026 there has been a lot of progress when it comes to that intersection between tra and the allies are on that 30 as you mentioned.
So what are the opportunities here as we move into the rest of the year so.
I think you know especially in times of tight liquidity and market volatility, capital efficiency becomes more and more important, right?
And I think one of the things that a lot of institutions are realizing is that decentralized financial infrastructure.
Um, can reduce friction, can reduce counterparty risk, can deploy capital in ways that are programmatic, um, and just a lot more efficient.
And so we see, you know, a lot of the institutions that we work with and that we talk to are really interested in smart contracts and programmable forms of capital deployment. um, so I think that is really going to define the next wave of crypto, um, and that's what we're working on and really interested to see.
And we are counting down to the opening bell so we have about 60 seconds here but what impact do you expect all of this to have on the consumer.
Look, consumers have, you know, unfortunately been in an environment where they are very interested in crypto assets.
They are very interested in interacting with crypto markets and decentralized financial protocols and things like that, but the clarity has not been there, right?
So once we have those clear rules of the road, I think consumers will have the Certainty and the safety and the guardrails they need to be able to interact with and participate in crypto in a way that is safe and secure.
And so I see that as the biggest reason to get this legislation across the finish line and for the regulators to keep working on guidance and rules we will have to leave it there for today, but hopefully we will have you back very soon and we'll keep our eyes open on that clarity.
Thank you so much.
Thank you.
