Mike Selig

And it's really a fascinating place to be for a regulator.

Yeah.

And if you think about it, for example, you know, you're an exchange that's regulated by us.

Do you allow some of these AIs to participate?

Right.

And who are we protecting regulating the software itself?

We regulate intermediaries in our markets and registrants.

So it's important to make sure we stick to our mandate as a regulator and not creep into software or into other asset classes that are beyond our scope.

But we're certainly thinking about all of that as we're approaching our regulation of, for example, trading advisors.

Are they using AI?

Will we regulate the advisors?

So we're

We can regulate their use of the AI, but to the extent the AI is just operating in the ether, we don't necessarily regulate that.

Well, I think the private markets have solutions here.

Blockchain technology is a great one, right?

If you can timestamp things and make sure there's an identifier for each meme or artificial intelligence generated post, you can verify if it's real or if it's generated by AI, et cetera.

And so I think that's really important.

having these technologies here in the US is critical.

A lot of the stuff about this stuff being all hot air and ICOs and scams and this and that, it's completely false.

And that's why as regulators, we're working to make sure that the United States is the crypto capital of the world.