0:24:38 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): Sure. So Mick... It's MICA. And MICA is actually, the first major law that came out under these, that I think it's 2019, the FATF, the the financial... Oh my god. Financial action task force. I think that's what it's called. It's this international task force that's been around that's got 200 signatories to it. And I think, like, 19 member come... Countries of which, you know, The US is a member, but it usually…

0:30:23 Dave @DCBK2LA (speaker unconfirmed): Yeah. I was gonna say, so what... So the USD... So the USDC now being able to issue these stable... Like, to be able to issue stablecoins across Europe, I guess, what is... What kind of an effect does that have now? Like, are we talking about more, like, I guess I guess, oversight or working together now, I guess, like, to what you just said?

0:30:42 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): So it's it's actually... It's pretty huge for Circle. So Circle's always been number two, and it's it's pretty huge. It basically gives them the opportunity to be the number one stablecoin. It's going to allow them to basically have access to the banking system. And for people to move in and out using stablecoins alongside fiat systems. That's actually the beginning of having an alternate system to fiat, which is…