Mike Selig

But we're excited to make sure that the new frontier finance is built here in the US.

And that means new products, new services, new platforms.

And we can't fear that.

We have to embrace it and come up with a pathway for it.

Because in my view, if we erect barriers, if we push this activity offshore, it will go offshore.

And it's not going to benefit the American people because they're going to go use a VPN and access it anyway.

And they have none of the protections.

So if we can come up with a path for the United States, we'll do it.

And we're going to certainly work on it.

Well, thanks for having me on the show.

And this is really, as you say, a watershed moment, a pivotal moment, where we've turned the tide on the years of regulation by enforcement, a lack of clear rules, kind of this offshoring, pushing things out of the country.

And we want it to be here in the United States.

We want the industry to survive, to thrive, and to build here in the U.S.

And part of that means having a futures market, having perpetual contracts that are tradable on U.S.

exchanges,

under U.S.

regulation, on U.S.

soil, and not something that you have to go use a VPN to be able to figure out how to trade.

So that starts with exchanges like Kalshi, exchanges like Coinbase, and there's a long list of others who will be launching the product soon.

We started off with this initial order for a Bitcoin perpetual contract that was listed on Kalshi's exchange, and we also approved the ability to access through Coinbase's broker offshore perpetual contracts.