David Hoffman

The regulators right now are just saying yes to everything, basically.

They're saying, yep, all good.

Yes, yes, yes, yes, yes, yes, yes.

This news is somewhat related, which is the S&P 500 just went live on the hyperliquid.

And I think this is the first kind of DeFi, open finance, perps market that's been able to list the S&P 500.

I know you sent this to me.

You thought it was a big deal.

Yeah, I do, like, love perps as a product, too.

I mean, very valuable.

Do you?

Well, I don't use perps very much, but if I did, more trading, I would, David.

I guarantee you I would.

So let's wrap all this up.

What are the takeaways?

So what just happened?

We've got self-custodial apps that can list perps and predictions, the two biggest, fastest-growing financial instruments today.

We've got this new way to raise capital, which...

At some level, ICOs are back and they're legal this time.

You just launch a crypto network and decentralize later and you get this grace period.

We've got full regulatory clarity, a full taxonomy for crypto assets.