Mark Uyeda

In fact, I think we're on track from nearly 45,000.

A number of them relate to crypto, so we deploy staff appropriately.

We've got a great relationship, and it's one of the things that was very important on the financial regulatory front, not only between us and the CFTC, but us with Treasury and the banking regulators about how to address crypto.

You saw this with the president's working group on digital assets.

They issued the report last month.

This has been something that has been, I think, really all of the relevant...

regulators in the executive branch are all communicating with each other and all coordinating with each other to make sure that we can make this effort successful.

Well, I'm not going to comment on any particular investigation or enforcement action that we currently have.

But what I will say is we have these Schedule 13D and 13G requirements out there.

One of the key parts about whether or not you can file on a 13G is whether or not you are a passive investor.

And one of the things that we did take action is there were a large number of very influential activists

asset managers that hold significant chunks uh well above five percent of of a company's stock the question is what sort of relationship should they be having that requires additional disclosure if they're asking or directing the company and says you need to do the following things for instance on climate change you need to hit net zero goals you need to have a plan of how you get to net net zero you're no longer a passive investor that requires additional disclosures uh

of some form because we have concerns whenever they're in or at least you say congress passed laws telling that when you have really large shareholders more than five percent uh which perhaps doesn't sound a lot but in the real world that is quite a bit for a company uh that they need to provide the appropriate levels of transparencies of their discussions with company management