Quite frankly, I think the big picture, this spirit of competition in some of these reforms for the financial sector, is something that I mentioned in my remarks as long overdue. It's something where you can see the impact across the economy more broadly from a consumer perspective, but also from a small business perspective.
On open banking, I think everybody in this room and some of the members themselves have already mentioned it. A lot of us have been waiting for this for a long time. I think that it's really time to move to implementation, execution and making sure that it works in the way that it's meant to work in that pro-competition spirit. Once we have that, you will see impacts in the reduction of friction in financial transactions. You will see an impact in participants having to show up and offer better offerings, and different participants being able to offer more beneficial loans and services to their consumers.
I would say specifically that I would point to small businesses, because right now, transacting as a small business is very complicated. I am convinced personally that it prevents small businesses from entering global trade. As you know, if you're a small business and you're facing a payment that's going to be delayed for several weeks, you think twice before you even enter those transactions. I think that both open banking and the stablecoin act, from our perspective, are the ones that are going to be most impactful.