Mike Selig

So we're working to fix all of that.

And we're optimistic that we're going to see these products in the near future.

Well, look, I think with all of these various products, we want to bring them into the US in a regulated context.

I think the two agencies certainly have to work together to get all this right.

When it comes to incumbent exchanges,

Our mandate as an agency is fair competition.

So we're not standing in the way of any incumbents from coming into these markets and offering new products.

We love to see innovation.

We love to see competition between new entrants and old entrants.

So we're here for that.

Certainly with some of these exchanges, they're duly registered and there's aspects where the two agencies, the CFTC and SEC, will need to work together to make sure they can bring their products to market.

But we're excited about that.

What I do want to get clear, though, is that when it comes to some of the allegations around what products are available for trading, we've been very clear.

We are starting and the president also asked for this in his president's working group report.

This is something that's very much in line with what the administration has already said many months ago.

We're coming to the market with crypto perps.

We will consider other products, whether it's agricultural.

We are concerned about that.

We don't necessarily think that there's a place for corn perpetual contracts.

We actually haven't gotten requests for that.