Well, I talk to people who are concerned about things like that and say all the more reason that they should engage in the development of good policy. Right. So If we look at ftx, why was it offshore and outside the United States of America rather than domiciled here in the US well, in large part because, as we've discussed, a lot of these companies were functionally encouraged to exit the United States altogether. And then you don't have the consumer protections that are needed. You don't have the clear rules of the road. You don't have the auditable trail as we will set up in stablecoins. (20:56–21:12)
CLAIM
Claims companies like FTX were encouraged to operate outside the U.S. due to regulatory environment.
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