The sector’s typical drumbeat of disruptive headlines has been dampened by bitcoin’s sinking price and the broader crypto market’s ongoing contractions, while the institutional side of blockchain remains stuck in a wait-and-see standstill as U.S. stablecoin rulemaking unfolds.

Stakeholders inside the crypto industry and out are being kept on their toes, wondering just what exactly will happen next. Even Europe finds itself caught in a period of crypto transition, as firms await the July 1 implementation of the full Markets in Crypto-Assets regulations (MiCA).

But listeners to “From the Block,” the PYMNTS podcast hosted by CEO Karen Webster…