Arjun Sethi, co-CEO of Kraken and Payward, speaks during the Semafor World Economy 2026 conference in Washington, DC, April 14, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

French Finance and Economics Minister Roland Lescure speaks during the Semafor World Economy 2026 conference in Washington, DC, April 14, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

French Finance and Economics Minister Roland Lescure speaks during the Semafor World Economy 2026 conference in Washington, DC, April 14, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

French Finance and Economics Minister Roland Lescure speaks during the Semafor World Economy 2026 conference in Washington, DC, April 14, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

WASHINGTON, DC - APRIL 14: (L-R) Brandon Daniels (CEO - Exiger) and Prashant Rao (Senior Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Brandon Daniels (CEO - Exiger) and Prashant Rao (Senior Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Brandon Daniels (CEO - Exiger) and Prashant Rao (Senior Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Brandon Daniels (CEO - Exiger) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)