Alex Thorn, Head of Research at Galaxy Digital describes the current state of crypto legislation. He explains the Clarity Act, the role of stablecoins in the global economy, and the impact of the Trump administration on digital asset rules. Alex provides an institutional perspective on Bitcoin's recent all-time high, the reality of market deleveraging events, and why permissionless finance remains the ultimate goal.
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Notes:
• 70 Democrats voted for bill 

• Prediction odds at ~40% 

• SEC has 3 GOP commissioners 

• Deleverage on October 10th 

Timestamps:
00:00 Start
00:54 Alex's Galaxy role
02:43 Recent topic focus
05:06 regulation
07:08 CLARITY act
14:00 Politics and token creation
19:51 Trump remorse?
22:39 Current market vibes
35:49 "Crypto" lagging Bitcoin
43:28 "Just use AAVE"
52:04 Are you ENTERTAINED!


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