Aaron Levie

That's been the problem with some of the proposals on national legislation. I felt like the first CEO, it didn't have a lot of teeth in it. So it kind of was more like, let's watch this space and continue to study it. The actual current head of OSTP, Arti Prabhakar, a lot of folks in Silicon Valley know her. She's actually very strong, very technical.

That's been the problem with some of the proposals on national legislation. I felt like the first CEO, it didn't have a lot of teeth in it. So it kind of was more like, let's watch this space and continue to study it. The actual current head of OSTP, Arti Prabhakar, a lot of folks in Silicon Valley know her. She's actually very strong, very technical.

understands the valley well, does not lean into overregulation. So I actually think OSTP has had a pretty good steward, even under Biden. But I think the efforts that Sachs would clearly be leading, I think would lean even more toward AI progress and sort of not accidentally overregulating too early in this journey.

understands the valley well, does not lean into overregulation. So I actually think OSTP has had a pretty good steward, even under Biden. But I think the efforts that Sachs would clearly be leading, I think would lean even more toward AI progress and sort of not accidentally overregulating too early in this journey.

No, no, just the, I mean, the credit card rails is, I mean, the tax on transactions is obviously insane. So the stable coin being the intermediary for that in the future makes total sense if you could get everybody to kind of coordinate against that. So, yeah.

No, no, just the, I mean, the credit card rails is, I mean, the tax on transactions is obviously insane. So the stable coin being the intermediary for that in the future makes total sense if you could get everybody to kind of coordinate against that. So, yeah.

Yeah, I mean, I'm sure we want to move on, but I guess, so there's a parallel universe where, so no matter what, like obviously Gensler did not get his arms around this whole thing. So that was a big mistake. But there's sort of like DeFi slash financial crypto where almost everything is deflationary. It improves the rails. If you believe in Bitcoin as this store of value,

Yeah, I mean, I'm sure we want to move on, but I guess, so there's a parallel universe where, so no matter what, like obviously Gensler did not get his arms around this whole thing. So that was a big mistake. But there's sort of like DeFi slash financial crypto where almost everything is deflationary. It improves the rails. If you believe in Bitcoin as this store of value,

and digital gold, all of those things can actually kind of make sense and be a bit rational and improve things. And then, unfortunately or not, depending on your views, there was this other sort of fractal event that happened, which was, oh, let's also use these things as a means of kind of creating a virtual currency and equities and tokens for anything, where that then runs into

and digital gold, all of those things can actually kind of make sense and be a bit rational and improve things. And then, unfortunately or not, depending on your views, there was this other sort of fractal event that happened, which was, oh, let's also use these things as a means of kind of creating a virtual currency and equities and tokens for anything, where that then runs into

basically the sec remit of like are these things securities or not and is there insider trading or not and can anybody issue them at any time and promote them on twitter or not and so so you know i think to some extent if you get back to like crypto 1.0 which was like this is a this is a financial infrastructure i think you would have avoided a lot of the the sort of noise and challenges with with crypto now i don't know you can't put the you can't put it back in the bag

basically the sec remit of like are these things securities or not and is there insider trading or not and can anybody issue them at any time and promote them on twitter or not and so so you know i think to some extent if you get back to like crypto 1.0 which was like this is a this is a financial infrastructure i think you would have avoided a lot of the the sort of noise and challenges with with crypto now i don't know you can't put the you can't put it back in the bag

But, but there's like, I don't think you could get 10 crypto people to agree on how you regulate that second category because some people, some people believe I should be able to issue an NFT on anything and I should be able to trade that.

But, but there's like, I don't think you could get 10 crypto people to agree on how you regulate that second category because some people, some people believe I should be able to issue an NFT on anything and I should be able to trade that.

And, and, and at the same time, they would obviously, they would sort of claim, well, that's just the same as a, as an aftermarket, you know, a seat to a concert. And yet another group would, would be treating this as, as effectively, you know, a security. And so I don't know how you're ever going to reel that in without some people being upset, you know, within the crypto community.

And, and, and at the same time, they would obviously, they would sort of claim, well, that's just the same as a, as an aftermarket, you know, a seat to a concert. And yet another group would, would be treating this as, as effectively, you know, a security. And so I don't know how you're ever going to reel that in without some people being upset, you know, within the crypto community.

Sorry, did I already get rotated out based on? Well, yeah, basically.

Sorry, did I already get rotated out based on? Well, yeah, basically.

Our roads were really bad back then, though.

Our roads were really bad back then, though.