Crypto Week has delivered. The GENIUS Act is now law, providing long-overdue clarity for stablecoin issuers, protections for consumers, and defined guidelines for regulators. With the CLARITY Act also advancing through the Senate, the US took a major step toward defining regulatory jurisdiction for digital assets, supporting the framework for the compliant tokenization approach we've been building at Ondo. Together, they create the foundation for compliant infrastructure that allows us to bring capital markets onchain.