In this episode of Bits and Bits, Steven Ehrlich hosts Ram Ahluwalia, Chris Perkins, and Vishal Gupta to discuss the collision of crypto and macro trends. The panel analyzes Justin Sun's move to take Tron public through a NASDAQ merger, the implications of the Israel-Iran war on markets, potential impacts of the Genius Act, and the White House's rejection of conflict of interest rules related to the Clarity Act. Discussions include the future of stablecoins with potential entry of major banks, the evolution of crypto exchanges towards non-custodial models, and regulatory developments affecting the crypto space. The panel also touches on investment strategies amidst geopolitical tensions and the potential for Ethereum and DeFi to outperform.