Jason Calacanis

How should we think about the relationship with them?

They're trying to clean it up, is my understanding.

They're trying to clean it up, is my understanding.

Yeah.

Yeah.

so that they can participate.

so that they can participate.

The likely scenario is there'll be two tethers, a United States one, and then that complies, and then there'll be the Wild West one outside the US.

The likely scenario is there'll be two tethers, a United States one, and then that complies, and then there'll be the Wild West one outside the US.

Is that what you've heard as well?

Is that what you've heard as well?

And do you let people trade into Tether or just let them trade out of Tether?

And do you let people trade into Tether or just let them trade out of Tether?

How does it work mechanically?

How does it work mechanically?

Are you concerned about, or have you been historically concerned about Tether and their little bit of a loosey-goosey approach to regulations and trading?

Are you concerned about, or have you been historically concerned about Tether and their little bit of a loosey-goosey approach to regulations and trading?

I'm giving it that descriptor, not you, but I would think having it on your platform with regulators pretty focused on it over the last five or 10 years and this belief that this thing could all come apart and create a run, that to you is just not worth the risk to be too close to it in case it does flip over, yeah?

I'm giving it that descriptor, not you, but I would think having it on your platform with regulators pretty focused on it over the last five or 10 years and this belief that this thing could all come apart and create a run, that to you is just not worth the risk to be too close to it in case it does flip over, yeah?

Is there, in crypto now, a way to give a rating that is sort of objective for consumers to say, like, this one has this grade and follows these regulations?