In a move it's been teasing for months, the CFTC greenlighted bitcoin perpetual futures contracts in the U.S. Gerald walks us through what this means and how it could impact offshore crypto companies like Hyperliquid. Plus, crypto-backed candidates swept key Texas primary runoffs. We speak with former NRSC Executive Director Jason Thielman about the industry's growing political influence and strategy heading into the midterms. And Stellar Development Foundation CEO Denelle Dixon joins us to discuss a new initiative with DTCC to bring DTC-custodied assets on-chain and what it could mean for the future of tokenization.