This Galaxy Brains podcast episode discusses recent crypto regulatory developments and market volatility. Host Alex Thorne interviews Beimnet Abebe (Galaxy Trading) about the market's reaction to tariff discussions and Natalia Li (Galaxy's public policy team) about the Trump administration's new executive order on digital assets and the Presidential Working Group's role. Abebe highlights the impact of increased supply and decreased demand on altcoins, while Li explains the timeline and deliverables of the working group, emphasizing the February 22nd and March 24th deadlines for agency reports and recommendations. The discussion also covers Hester Peirce's statement outlining the SEC's plans to address industry concerns, including potential retroactive relief for past token offerings. Listeners gain insights into current crypto market trends and the evolving regulatory landscape.