We examine the proposed Clarity Act and its impact on stablecoin yields and crypto finance. Ryan and David discuss geopolitical tensions in Iran and their effects on global markets. Highlights include Tom Lee's ETH staking venture, the NYSE's stock tokenization, and emerging quantum computing developments. We also touch on Coinbase’s stock dip, Tether’s auditing, and Fannie Mae's acceptance of crypto as collateral.---🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless---BANKLESS SPONSOR TOOLS:🔮POLYMARKET | #1 PREDICTION MARKEThttps://bankless.cc/polymarket-podcast 🪐GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/galaxy-podcast 🏅BITGET TRADFI | TRADE GOLD WITH USDThttps://bankless.cc/bitget🐇MEGAETH | 1ST REAL-TIME BLOCKCHAINhttps://bankless.cc/megaeth---TIMESTAMPS & RESOURCES0:00 Intro3:29 Macro & Markets (Oil, War, Fed)https://x.com/WhiteHouse/status/2035516932498030879https://x.com/WhiteHouse/status/2036053106081902692https://x.com/KobeissiLetter/status/2036811133915455745https://x.com/KobeissiLetter/status/2037023604697710673https://x.com/KobeissiLetter/status/2035862840284688507https://x.com/Stocktwits/status/2036859288572862887https://www.theblock.co/post/394878/bernstein-says-bitcoin-looks-bottomed-sees-226-upside-for-strategyhttps://fred.stlouisfed.org/series/UMCSENThttps://thedefireport.io/research/markets-are-complacent#views-on-macro-oil-geopolitics23:12 The Clarity Act and Stablecoin Yieldshttps://x.com/EleanorTerrett/status/2036279124382077137https://x.com/nic_carter/status/2036469040684646844https://x.com/Matt_Hougan/status/2036931850292387929https://x.com/pete_rizzo_/status/2036420229543206962https://x.com/StockSavvyShay/status/203644994206001581837:15 Tether Developments and Market Reactionshttps://x.com/paoloardoino/status/2036428992195039699https://x.com/nicrypto/status/2036387424620904893https://x.com/BrendanPedersen/status/2036857950367567951https://x.com/Shaughnessy119/status/2036876676852752674https://polymarket.com/event/clarity-act-signed-into-law-in-2026/?via=bankless40:55 Tokenizing Stocks: NYSE's New Partnerhttps://x.com/WSJ/status/2036411699633250532https://x.com/BSCNews/status/203501981923850699345:54 Crypto-Backed Mortgageshttps://x.com/zoomerfied/status/2037130261469462914https://x.com/0xNairolf/status/2037149525022806030https://x.com/DollarDecay/status/203718340727316110447:30 Ethereum's Staking Infrastructure Launchhttps://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-launch-of-mavan-made-in-america-validator-network-the-companys-proprietary-staking-solution-302724419.html55:37 Stablecoins and Their Limitations in Freedomhttps://x.com/aave/status/2036828379043787194https://pq.ethereum.org/https://x.com/charliesmirkley/status/2035364269873881322https://www.theunseenandtheunsaid.com/p/the-great-american-tax-migration58:30 Closing & Disclaimers---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures