Alex Heath

Like they were...

good actors in crypto that were doing things regulated.

And sometimes they had challenges with the government, like Coinbase had all sorts of challenges with the government, but that was a good actor.

It was like trusted KYC, you know where your money sits and you can trust us with it.

And we report to the federal government and so on and so forth.

And then they were like, you know, offshore actors where you could put your money and you have no idea where it's going, right?

Like you have absolutely no guarantees that that money could be going to somebody's pocket.

It could be going whatever.

And

but for new technologies people like if something goes wrong in the unregulated piece they can lump like they can lump the entire sort of space in in one as you said i mean it's totally right alex like i totally agree with this it's a matter of education it's a matter to show that like you know look there are actors that are going to do things the right way and then there are actors that you know may have started to do things and maybe not so so so much the right way and over time they kind of converge but the most important thing and maybe this is kind of the thing that we're we're getting at in some ways like

If you want to commit a bad act, you're not doing a regulated exchange.

We would know the name of that person.

We would investigate that transaction.

We would report it to the government and everybody could see a transparency, right?

You would prefer doing it by paying somebody in some crypto and, you know, not traceable, like dark web thing, right?

And that's actually reinforces the importance of a regulated transparent model for this.

Because then all the activity is out there for everybody to see.

And, you know, we can work with regulators and we can put the right set of like sort of checks and balances and enforce them.

I don't know if it bothers us as much.

I mean, like, I would say a few things.