This podcast episode explores the regulatory landscape for digital assets in the US and Europe. It discusses the need for clarity and the various bills that have been introduced in Congress to address this issue, including the Market Structure and Stablecoin Act bills. The episode highlights the complexities of crypto regulation, the challenges faced by regulators, and the ongoing debate on the classification of digital assets as securities. It emphasizes the need to strike a balance between innovation and investor protection while addressing the potential for misuse by bad actors.