SEC's Hester Peirce on Crypto Vaults & The Clarity Act

It was another big week for crypto policy in Washington. SEC Commissioner Hester Peirce joins us to break down her position on crypto vaults, why some DeFi products could fall under the federal securities laws, and what it means for builders and investors. Mysten Labs General Counsel Sylvia Favretto reacts to the guidance and explains why the ICE-OKX partnership could be a watershed moment for tokenization, what's still holding institutions back from moving onchain, and the next regulatory milestone that could unlock broader adoption. We also unpack the latest on the Clarity Act after Senate Republicans released more than 600 pages of updated bill text and the White House reached what it called a "historic" ethics agreement. Solana Policy Institute CEO Miller Whitehouse-Levine joins us to break down the biggest changes, where negotiations stand, and whether the bill can still secure the Democratic votes it needs to reach the Senate floor.