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welcome everybody Caitlin thank you so much for joining us um tonights an important discussion because the regulatory environment seems to be changing so rapidly um markets policy Partners writes a newsletter about financial markets and government policy weve been writing about crypto for the last few years and we expected 2023 to be a year of regulatory clarity um Caitlyn has not only been one of the most articulate and compelling spokespeople but she also happens to unfortunately be at the tip of the Spear of one of those regulatory actions over the last month that seems to signal that there may be some coordinated efforts afoot to isolate the crypto economy from the U.S banking system um and tonight what well do is um well get into some of the details about the custodia situation towards the end so for those who excuse me want to know some of the details um hang around till the end uh but in the beginning Id like to get a feel if you dont mind Caitlyn for what was the regulat