The real reason crypto is bouncing back

00:06 Scott Melker

While the Clarity Act failing was a disappointment for the industry, it may have actually been a massive boon for many of the crypto exchanges and other companies operating in the United States. I have a very special guest today, John D'Agostino from Coinbase to break it all down. Let's go.

00:29 Scott Melker

What is up everybody? Welcome to The Daily Wolf on Yahoo Finance. I am your host Scott Melker, also known as the Wolf of all Streets and today, we have a very special show with a very special guest. I have my friend John D'Agostino here from Coinbase. John, how are you today?

00:46 John D'Agostino

I'm great, Scott, good to see you.

00:48 Scott Melker

We've had a lot happen in the past few weeks. Perhaps we should just start at the obvious, which is that the clarity Act failed, the regulators pushed forward, Coinbase added a bit of extra yield. Seems that we got one of those uh, you know, uh things where a decade happens in a day sort of situations last week. So maybe break down just quickly what you think happened with Clarity.

01:13 John D'Agostino

Sure. Um, and I know you had Brian on and uh you've got access to all the great policy people, so I don't want to be redundant to what they all said, but um, yeah, super disappointing. No no no question. Uh we've been preparing for it I think towards the final days. you know, these things aren't uh absolute surprises. but uh, you know, I think I went on your show and I've did a few others since then where I kind of held out this delusional hope that they would ultimately do the right thing, but I think