Jason Calacanis

You have banks as partners, but you're also a competitor to them, yeah?

Why is it existential for them?

Why is it existential for them?

And it's very important because—

And it's very important because—

What David Sachs, my bestie, I think led there was these have to be audited.

What David Sachs, my bestie, I think led there was these have to be audited.

These have to be above board.

These have to be above board.

We can't have a run on stable coins, which, let's face it, people anticipated Tether would have at some point.

We can't have a run on stable coins, which, let's face it, people anticipated Tether would have at some point.

There were lots of fines they got.

There were lots of fines they got.

There was these attestations.

There was these attestations.

People didn't know if they even had the resources they had.

People didn't know if they even had the resources they had.

And now it's pretty clear you have to keep your assets in treasuries, correct?

And now it's pretty clear you have to keep your assets in treasuries, correct?

I'm going to go safe bet.