Rocket Pool growth, Privacy chat and more - The Daily Gwei Refuel #588 - Ethereum Updates

19 May 2023 · 31:02

Anthony Sassano, Ethereum educator and co-founder of EthHub, covers Ethereum staking and privacy news on The Daily Gwei Refuel. He discusses the milestone of twenty million ETH staked, Rocket Pool's Atlas upgrade in retrospect, ongoing client diversity concerns among validators, and a Uniswap thread exploring account abstraction as a wallet upgrade path.

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hello everyone and welcome to another episode of daily gray refuel where we capped latest news in ethereum ecosystem I'm your host and the designer in 2019th of May 2023 alright everyone let's get into it so hanaboo here has pulled out a tweet today saying that there is an upcoming update for the client diversity.org website to include a new execution layer client data Based on data from execution-diversity dot info which is then weighted using data from rated.network so the breakdown shown below is based on self-reported data and only contains 44.5 percent of validator coverage now I've shown you guys this website before this execution Dash diversity.info website that basically tracks all the largest staking Services pools uh in the ethereum ecosystem and

tracks what execution client they are running and as uh is uh highlighted here this is self-reported data this is not data that has been accralled and there is only 44.5 coverage so over half the network is not covered by this so we can kind of see that the in the screenshot here that the data is quite different to what we get uh from it from ether nodes so ether nodes on the client diversity.org website says that Geth is around 61 of the network uh while never mind based on Aragon are 18 10 and 10 respectively whereas this uh self-reporter data here is 86 Gareth uh 6.9 uh never mind 4.4 base with 1.8 Aragon now the self-reported uh I guess like data here comes from the biggest

pools out there and you can see here that a lot of them are heavily weighted towards Geth and as I said it's only covering 44.5 of the network so it's missing a lot of different um uh validators out there different I guess like entities out there and I would wager that the solo stakers who I believe aren't on this website would be using minority clients at least a lot of them would be because they'd be more in tune with uh uh our client diversity right with the need for client diversity now you know I can already see some quick wins here if we can get like Queen base and in binance and Kraken to switch over from Geth or at least switch like even half of their um their network over from Geth to something like another mine for example uh or an aragonal Basu I

think as I've said before Aragon on base who probably aren't up to scratch yet for a lot of these companies so maybe they'll go with with never mind to start off with but that'll be an easy win right because uh as we can see on the raider.network website which I can bring up here and go just show you guys the percentages of what what it looks like right now coinbase is at 12.2 percent binance is at five percent and Kraken is at 4.2 percent so just getting those to switch over or at least just switch 50 of um their uh their services over to to another mine instead of Geth would be a huge win here now uh as for for Lido they're actually pretty heavy on Geth as well so they have 88 Geth but you would need to coordinate with all the different Lido uh operators all the

entities are 30 different operators CR in order to get them to change over and some of them obviously have already done that but it would be nice to see even more of them change over there and of course rocker pool is using less than 50 get which is nice to see but um there is a large portion that's unknown here as well in the in the yellow uh but yeah there are easy wins to have here and I've heard down the Grapevine that there is going to be a concerted push towards improving execution layer client diversity uh sometime soon hopefully I think Super Fizz is involved with that obviously he is our client diversity uh leader right we all know him I know his efforts there uh but yeah this is just a great little website which I've shown before but it's great to see that we're

getting different ways of measuring the client uh diversity across both the beacon chain and the uh I guess both I should say the consensus layer and the execution layer but as I've said before the consensus layer is relatively healthy right now it's the execution layer we really need to worry about because if you were to extrapolate these numbers out um these numbers given by this self-reporting here and let's just say that if you get the rest of the network to report Geth will drop to maybe I don't know 70 or even like 65 percent uh that'd still be way too much because as I said before on the um client diversity website here this is just an estimation and if Geth is over 66 that is a critical issue because if there is a bug

in Geth and it causes a fork in the chain then the chain that Geth is on uh from my understanding becomes the canonical chain right so from that perspective not a great uh uh not not a great outcome obviously so we're going to have to work to get that down as I said there are things happening in the background that I think people are going to be more vocal about are coming soon but if you are running Geth I highly recommend running uh never mind I can't recommend Bay saw Aragon just you know to say they're bad but like I think that they're not as good as nevermind and Geth at this stage they're getting better all the time and I don't want to put down any clients yet but with the client uh with the consensus layer clients I can pretty much recommend all

of them and they're all pretty good they're all pretty much uh as reliable as each other and you can see even the big ones like like prism is still having bugs with them but just generally I I think they're always reliable as each other but because the execution layer um clients are younger um they're definitely coming along uh but they're going to take a little bit more time to do so and there's no surprise why gethy's number one they've been around the longest but uh if you are running Geth right now as a solo stake or as a rocker pool mini pool operator okay please consider switching over to never mind uh they're doing they've done a lot of improvements lately it's gonna it's just gonna get better and better I'm running never mind my solo staking box runs never mind and I've had no issues

with it um my solo sticking box is a beefy box though um as some of you guys know I I overspect it but because of all the improvements that have come to nevermind lately it is becoming easier and easier to run the client their memory usage is below 10 gig now so if you do have something like a like a knock where you've only got 16 gig memory you should be able to run never mind with no issues at at this point in time and as I said it's always getting better there so yeah anyway great to see more I guess like data being reported here on this we can always improve as we all know all right so speaking of I guess updates to different clients lodestar put together a thread or a short Thread about the progress uh that they've made with load stuff over the last few months

and sharing highlights here so this uh thread was put together by Phil uh who works at um at lodestar Hill builds uh I guess works at chain safe who builds a load star and you can see all the updates here I'll link the thread in the YouTube description below but the reason why I bring up this thread as well is that lodestar is still running an incentive program so you can earn extra uh extra money for running the load star client and there's details about that on their blog which you can find on their Twitter um and also it's nice to see that loadstar is gaining in market share a bit here so they're over one percent now I mean just slightly at 1.01 but they're growing which is what we want to be seeing right um so yeah if you're not running load star and you're interested in

participating in their incentive program uh you can be sure to do that you can check it out on lodestar's blog which is linked on their Twitter page here and you know what's funny I I wonder if like this incentive program is going to get loads start to overtake Nimbus because I mean Nimbus is at 6.5 so it's still a little bit further away and Nimbus is not a bad client at all I I run Nimbus on my um on my uh retirement box so I have a box that's taking uh funds in my retirement accounts um and I'm running Nimbus there and it's been great it's been been perfect I've actually I've actually run every client now except taku I haven't actually played around with teku too much yet I think I did once on the test net um but you can see techu is like third

in market share and I know a lot of people who are running it so there's no issues there but uh but yeah consider running load stuff that if you want to be like in the in the in the most minority client possible then load style is definitely something that you can that you can run and as far as I know it is a great client uh and as I said they are running an incentive program as well which you can get involved with if that interests you all right so Jasper from the rockapole community has put together a one-month rocker pool Atlas retrospective wow it's already been one month since Atlas went live crazy how time flies uh but as you all know Atlas allowed validators with uh with 16 East to convert to new eight eighth mini pools and people can spin up in many pools with just eight eighth and

a bunch of RPL uh here so they're they're just to put together this thread saying let's see the effect it had on the following and growth metrics such as the R8 supplier which is up by 44 which is a really really great Trend to see here the eat steaks so the each staked is up 22 I believe um with with rockapool here uh and RPL staked grew by a six percent overall tvl has crossed 1.5 billion as for node operators there are 359 new individual operators which is great to see and new whales include the second largest node in the network uh market share uh R8 Grew From 5.7 to 6.9 or almost seven percent uh and the 1.3 percent growth in market share is a leader in absolute

terms so great to see The Rocker pool growth here I mean I think it was pretty obvious that rocketball is going to grow after the atlas upgrade considering what a big upgrade it was and it's great to see more whales sticking with rockapole and the growth not slowing down I think like as well as these upgrades going live and I know there's more upgrades coming I think what rockapool needs to focus on now I know there's a lot of Rocket pool uh fans that watch the refuel what they really need to focus on now is doing more direct marketing and Direct business development because I know for a fact that some of these other staking providers are going directly after high net worth or I guess like Wales and basically getting them to stake with them and that's why you see some of them being such big leaders

because they know where the capital is and they go there and they convince them to stake with them maybe that is not an approach that rockapool as a community wants to take maybe they would rather it happen more quote-unquote organically I guess and that's totally fine like I am definitely sympathetic to that but I think that if you want to have like massive growth and you want to have like a quick growth you definitely need to do business development and marketing as well and I feel like rockapool's marketing comes from the community mainly which is awesome I love that as well um but I'm not sure what the BD looks like I I'm not sure if there are people who work in the background to get bigger stakers on board or anything like that but if there isn't maybe that's an idea for for the rocketpool community to

consider that but still the growth has been great uh considering um uh you know what what the atlas upgrade brought and I you know as you know there are going to be other upgrades coming into the future to rocketpool to lower that eighteth to potentially four eighth and maybe even two eighth one day not sure on the timelines on that I I don't think it will happen soon but it will definitely happen um and but I I think that lowering the um the youth requirement is definitely one massive uh benefit but there are other things that can be done as well uh so yeah good luck to the rockapool community on that front but I think that at this point uh they've been growing really nicely so I can't really complain there you guys know I love rock appointment or down member all that good

stuff there so it's just great to see the network continuing to grow all right so a tweet from binance which I don't think I may have not ever highlighted a tweet from binance on the refuel before because typically they hadn't actually spoken positively about eth in the past I know CZ definitely comes across as a little bit of a Bitcoin Maxi didn't really have much love for Heath but they've been coming more they've been becoming more friendly lately and they had this great little tweet here where they said it had only been a month since ethereum's chappella upgrade but since then the total volume of each stake has surpassed 20 million 20 million eighth has been staked which is an awesome Milestone of course and there is a nice little infographic here looking at the journey leading up to

this Milestone so you can see here that they go all the way back to the Genesis of the beacon chain and then they kind of map the amount of each state since then so you've got the Genesis you've got the 5 million e-stack Milestone which happened uh in I think this is a typo here uh December 2020 uh not December 2021 was when the beacon chain launched but may 2021 which came around you know five months later five million eighth was staked and then it was a year before for 10 million eats with steak so it's kind of crazy how how there's there was a big gap there but I think that Gap uh definitely got uh definitely closed because then we had the merge uh which I guess like just after the merge which was six or so months later we we crossed the 15 million eight staked Milestone uh

then we had the chappella upgrade uh and then obviously uh uh we had 20 million each stake just recently there a month after so crazy amounts of growth it's funny how like the we're having more each state to post withdrawals and the faster rate of each stake post withdrawals than we ever have I think just eyeing the chart here have to actually look at the charts myself to to um to confirm that but it definitely seems that way and the validator queue right now if I bring up the beacon chain website is actually crazy I mean it's at 59 000 where I looked at this before like a few hours ago it was at 56 000 so it's almost 60 000 now man the the hunger people have to stake eat is incredible this means that the queue I believe is approaching five weeks now so

you would have to wait five weeks uh to to begin staking ethia if you were to solo stake or if you were to spin up a new mini pool I believe some of the staking services will just front um load uh I guess the yield for you I know Lido does it where essentially it just splits it with with everyone else uh and until that validator gets spun up and they have a couple of other different ways of doing things um I I you know and I think rocketball has a similar mechanism where you by spinning up a nerd operator you can I guess like use rocket ARB to take advantage of the premium spread don't know if there's a premium right now I haven't checked that lately um but yeah I mean that's correct 60 000 pennies that's never been like that guys like that wasn't even like that at the

beginning of the beacon chain from from memory so this is the most pending validators we've had uh by far and the fact that it happened after withdrawals confirms that thesis that a lot of people had that withdrawals is going to be a massive de-risking event for ethereum staking or for Eve staking and that's exactly what we've seen here so I'm super excited to see that that has played out because I think that is not only going to strengthen the value prop for ethos and asset but it's also going to strengthen a lot of the other theories and thesis around eth is an asset and around ethereum as a network because there's always people doubting the different things in ethereum obviously there's a lot of doubts surrounding ethereum's roll-up Centric roadmap but I think a lot of that doubt stems from one people trying to push

other ecosystems uh two a lot of people not understanding how uh ethereum and roll ups work I still see people put together long threads critiquing Roll-Ups that make absolutely no sense and that seem like they are stuck a few years ago when the initial roll-up designs were coming out um so yeah I haven't actually seen that many good critiques of Roll-Ups I think probably the best critique I've seen is that Roll-Ups in at least the short to medium term fragment liquidity and fragment the user base but honestly I haven't actually seen users complaining about that all I've seen is the I guess uh Talking Heads complain about that on Twitter the actual users don't really care they just Bridge here and there there are plenty of bridging options

they just go to where where they want to go and they're happy with it now that's not to say that that's a scalable thing that's not to say that that's something that can be scaled to like a mainstream audience for example but by the time this stuff gets them to a mainstream audience and by the time your mum is using this stuff it's all going to be abstracted away anyway so I actually don't think that the fragmentation of liquidity and and just general activity is that big of a deal but but I I do think that is at least I I guess like a thoughtful critique of of Roll-Ups to an extent uh and there obviously are other critiques as well but when I think about people's uh think about critiques of things and think about criticism I always look at okay you know you're

criticizing the state of the thing today what are the chances that that criticism holds in like six 12 18 months and a lot of that a lot of the criticisms around multi-cigs uh centralization um permission sequences and validators all that sorts of stuff to me it's just a temporary issue it is not a fundamental critique of a roll-up because a roll-up does not have to be centralized it only is because obviously when that when it's early the team wants to retain control that maybe they don't have a token so they can't decentralize or they they have like their own plan of doing it but really a roll up uh can launch today fully decentralized there is no need for it to have a multi-sig uh uh from a technical perspective from a fundamental perspective there's no need

for the validators and the sequences to be permissions you can launch it today be permissionless have permissionless sequencing and validators have an escape patch to L1 uh and be a fully fledged decentralized roll-up so there's no need for that so again as I said when looking at these critiques if it's a permanent critique if it's like a fundamentally broken thing about a roll-up or about a technology then I can take that on board but I haven't seen any of those for Roll-Ups and l2s generally what I actually I have when it comes to l2s generally with the lightning Network and there has been a big critique of the lightning Network for many years now that has pretty much played out in that it is very Capital inefficient and that means it can't scale very well and that has actually played out and and and also

other critiques around the lightning that work included the fact that why would anyone want to use the lighting Network because you know Bitcoin is being marketed as a store of value why is anyone going to use it as money and obviously on the lightning Network it's a payments Network so if you're not using b2c as money then you're not using it for payments then there's no point to the lightning Network right and then if it's not even Capital efficient then no one's going to use it so I think that when when thinking about critiques and you have to look at it is it a fundamental critique that holds up over all time frames or is it just like a short-term thing where it's like oh this thing is a multi-ser it's like okay well uh that's a short-term thing like obviously there are some percentage of I

guess likelihood that you have to attach to it like how uh how um confident are you on a percentage basis that uh the multi-cig is going to be removed from this roll-up and if that confidence interval is like 90 then obviously it's a higher chance but if it's at like 20 because you don't really trust that that roll up is completely legit or that project is completely legit well then it's a different story right so you always have to look at it in that context I believe when you come to to critiquesia but anyway I've gone off off track a little bit there just great to see the huge amount of eth being staked uh and great to see that the queue is so large validating a lot of the the thesis is the people had around staking withdrawals being a massive de-risking event

all right so speaking of l2s l2beat has introduced a new side nav feature so you can get rapid L2 info without having to endlessly scroll on the website now this was a critique that I saw a few will bring up to me in DMS around l2b basically saying hey man like can you tell the team that uh it's really hard to scroll through everything and we actually need a quick way to just jump to different things um I didn't actually give the feedback to the team I I got lazy about it but they have actually um integrated this so I believe if you go to maybe the uh the project page if you go to like arbiting one project page for example yeah you can see the sidebar here so you can quickly skip to their technology or withdrawals there's no need to scroll through it right this is

I mean this is just something that you expect to see on a lot of websites uh that have things to scroll through so it's just great to see that l2beat has integrated this and I know it may seem like something small but it is definitely saying that people have brought up uh so I figured that it was worth highlighting for people but anyway you can go check this out for yourself I'll link it in the YouTube description below all right so bartek who is one of the founders of l2beat had a great tweet thread today where he says what is L2 transaction finality it's simply when your L2 transaction cannot be reverted it became part of the L1 blockchain that it's settling to for roll ups that's submit L2 transaction blocks to L1 it's when these L2 blocks finalize on L1 it's easy to check on R1 when it is just have

a look so you can see he's given an example in this thread of an optimism transaction I believe uh they are as fast as ethereum with L2 transactions in almost every ethereum block uh then arbitrim does it every one to two minutes polygon ZK AVM does it every 10 minutes and then he's just comparing different networks I'm not going to go through them all and the reason for the discrepancy and time here I think the the reason between the reason why the polygon ZK VM is 10 minutes and uh the Roll-Ups uh two minutes or every block sorry the Optimus develops two minutes every block is because the ZK VMS are more expensive at the start they get cheaper over time uh with more transactions on the network so obviously it's quite expensive to post to L1 so you're not going to do it every block

you're just going to wait and then you're going to batch everything whereas uh arbitrim I think has their own special way of optimizing this so that fees are smoothed out for users so that if L1 gas fees Spike for a minute or two because of some nft Mint or something it doesn't actually affect the arbitrim phase and optimism I think have they have a a mechanism like that but it seems like then they're not um using that right now because they're doing it on every ethereum block but I'm not totally sure on that one but anyway I just wanted to high up these three because it's a really great breakdown of this and what finality means for l2s and Roll-Ups and you should definitely go check it out and I'll link it in the YouTube description below but there is also a bunch of debate around what it

you know what's what's true finality because the term finality for eth L1 is when uh the chain is actually finalized after two epochs right um whereas for l2s uh do we say that that they have finality once they have posted their I guess like proofs and and um and data to L1 ethereum we do but then like we're using the same term to mean different things so I think that that's where a lot of confusion stems from um and I think that there are people who say no the L2 transactions aren't technically finalized until they have been finalized by the ethereum L1 chain and I get that if you're using the meaning of finality that ethereum L1 uses but if you're talking about transactions that can't that can be used

sorry if you're talking about the escape hatch being used to leave a roll up if it acts maliciously I think that you can say that it's final when it hits mainnet so for example here because as the polygon zkm AVM does it every 10 minutes you couldn't consider your L2 transactions on the polygon ZK or VM finalized uh until those 10 minutes has passed until this is posted to the chain so for example if you do a transaction and three minutes goes past since that transaction and then the ZK polygon dkvm goes offline and you want to use the Escape patch to withdraw your your funds you would be withdrawing basically at the last point in time so basically three minutes ago since the last batch

was uh was posted to L1 uh which obviously is not ideal so you would need uh you obviously ideally want it happening every minute or sorry every block I should say every 12 seconds on ethereum but that's why the different concepts and different I guess definitions of finality exist because there are different there's various different Nuance are there between them but anyway I'll link this thread in the YouTube description below for you to check out all right susmar has a a really cool new initiative today so they've announced that users of tornado cash with a git coin passport can enter a privacy preserving Lottery to win a printed privacy is normal artwork the first 1000 participants will receive the nft version so you can check this out here at this link which I'll link in the

YouTube description below but and this is the Privacy is normal artwork that you can win I believe that it is uh the tornado cash code I think it is yeah it is a stylized version of the code base of tornado cash now I know that unfortunately this is something that a lot of people won't be able to use because maybe you never use tornado cache and now you can't use it because you're a US citizen and obviously using it would uh holds um a potential jail sentence of 30 years so unfortunately that is uh that is the case for U.S citizens and persons and and really I mean it depends how far you want to go with this you could even say that some people at depending where you live you might not want to interact with this but if you are a pastor you user of tornado

cache and you have a git coin passport you can still enter this it's up to you if you want to enter it of course but this is the the page where to do so I'll link it in the YouTube description below but that artwork is dope like I would I would hang that right like you guys know I love my art like I've got my figurines and everything behind me I don't know where I would hang this this is a pretty big artwork but that is dope because privacy is normal I think I want to hit home on the actual message being spread here privacy is normal guys and there are a lot of people corporations you know governments certain individuals that try to water down privacy and try to say that if you're trying to hide something uh you're you're a bad actor you're a criminal but that logic very

quickly breaks apart when you tell someone okay well if you believe that right if you believe that it that um privacy is only for criminals then let me see your bank balance and they're not gonna let you see their bank balance right like it's just a very very easy thing for to break apart very easy logic to break apart because it doesn't actually make much sense when you when you when you test it like if I was to walk up to a person that and then I have a discussion with them and they say you know why are you why are you so paranoid right why are you so private like uh what have you got to hide and then I say to them well you know show me your bank account balance or tell me how much your salary is they're going to get offended

by that most likely they're gonna be like why are you asking me that that's that's a private you know that's a private information and that's none of my business I'm like yes it's none of my business yes it is private right you uh have a I guess implicit social contract with the bank and with various government entities that they would be able to know your bank balance and they'll be able to to know uh uh your salary right but you then can it can choose who you share that with who you share that information with now obviously if your data is caught up in a a data leak you get angry about that and there's a lot of uproar about that people like you know I thought my data was Private it's like yes okay it's supposed to be private right and that's why privacy is normal because there are

so many things that we have about ourselves that we don't want to share some people like sharing everything right I mean obviously there's a lot of celebrities out there who don't live very private lives because everything that they do is under a microscope but then there are extremely private people which is the majority of of the world I believe that really don't want to share those things they don't want to tell you their bank balance they don't want to share their salary salary with you they don't want to share their their um intimate moments with you they don't want to you know like without getting into too much detail here you can see how the logic very quickly falls apart and it's been the the work of various governments around the world and various corporations to try and make privacy a demonized privacy for various different

reasons governments obviously do it because they like having control over their population they're like increasing surveillance they use the I guess like a smoke screen of protecting their citizens against things like criminals and and terrorists and stuff like that corporations love it because they love mining your data they don't want you having end-to-end encrypted uh messaging they don't want you having data that they can't can't see because then they can't monetize that so there's different incentives for for these different entities and and certain people pushing the message I mean depending on the individual it can it can vary here uh but generally yeah privacy is normal we should fight to the death for privacy honestly in my in my mind uh we should fight as hard as possible to maintain

privacy to maintain uh tools like encryption to not get encryption outlawed to fight back when um governments do things like sanction code like tornado cash right and that's what we've been doing so I'm glad to see we're fighting back there but I think the message of privacy is normal definitely needs to be spread more um and definitely needs to be something that we we talk more about generally as a community but anyway you can go check this out I'll link it in the YouTube description below all right so the last couple of things here so unisop Labs has put out a great little tweet thread talking about account obstruction so if you were still confused about what account abstraction is or what 43 37 is and you want a high level overview this is a nice little thread here for you to check out which

I'll link in the YouTube description below now I'm hoping uni stop putting out content around account abstraction means that they have plans to convert or at least add the features of account abstraction to their own wallet because right now their wallet is basically a clone of uh the rainbow wallet uh or something like a coinbase wallet and it's not but a count abstract and a cat abstraction world is on a smart contract wallet so I would love to see them convert or add the features to that instead of just being a normal eoa wallet because that's boring guys we're all used to a normal eoa or externally owned account wallet where essentially you don't get any of the nice features of a smart contract wallet such as a dress white listing uh inbuilt into the wallet you know there are wallets that can do a dress white listing but it's

it's sitting on top of the wallet it's something that the wallet app it does itself it's not something that the actual um uh smart contract can do and then you can do other things like social recovering stuff like that so all that stuff is is definitely coming but I would love to see the bigger Brands Incorporated it into their wallets uh as well but anyway I'll link the thread in the YouTube description below running out of time here so I want to quickly speed through this last thing from Tom Emma who is a politician uh in the US he I've talked about him a bunch on the refill before uh so he introduced today a the Securities Clarity Act with a another representative PR Darren Soto this bill clarifies the regulatory classification of digital assets and provides Market

certainty for innovators and clear jurisdictional boundaries for Regulators so you can read the bill here at this link which of course will link in the YouTube description below it is very short it is not a long bill it is not trying to be something that gets uh you know this massive Bill where it just stuffs a bunch of irrelevant stuff into it no they're really just trying to make sure that they hit on exactly what they're trying to hit on which is providing better Clarity and clear uh jurisdictional boundaries for Regulators or when it comes to digital assets so really happy to see this uh pushed out there don't know what the I guess uh chances of this bill going through is it definitely feels like we need at this point a change in the leadership of the US changing the presidency for real

change to happen because as I've said before Gary Gensler is a democrat in point appointee the most powerful Democrats seem to be very anti-crypto so I think for that to change anytime soon we would definitely need a regime change which would mean the Republicans winning the presidency at the end of next year I'm not going to delve into the politics of that I don't even know what that looks like right now I hate politics to be honest but in terms of what how it relates to our our industry and in terms of things actually changing in the US it definitely feels like we will not be getting any positive change from uh from the from the SEC especially while Gary ganza's at the helm and from Democrats generally but we'll see we'll see as time goes on uh the next election is until the end of next year though so you

know we'll see how it unfolds over the next 18 months um but on that note I think it's going to be it for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the Discord Channel and I'll catch you all next week thanks everyone