Yuval Rooz

are extremely systemically critical to the US economy.

And as a result of that, they are highly regulated.

And as a result of that, it makes their life very complicated.

Running the DTCC is not a trivial task.

We can say that they can do a lot of things better and they probably could.

And I don't think that they would even disagree with that.

That being said, they do actually have quite a serious responsibility on their shoulders.

And I think that as we launched the network, and this is again, you know, looking back and saying, I think earlier, David, I was saying to you like, hey, patience might have been the right decision or not.

One of the things that we looked at throughout the years is governance of these networks, right?

And I'll give, I think it was in your episode, you were talking about quantum resistance with Bitcoins.

And I think you guys said, no, no, they should definitely start looking into it.

Right.

And it was, well, I think that was the same episode that I was listening to.

And it's a great point.

I mean, at the end of the day, these networks have to evolve.

There's no way, even we working on something for 11 years before launching it, I can promise you we did not get everything right.

Not even close to that.

I didn't mention anything.

I was mentioning the Bitcoin, but my point is for us, governance and the ability for people that are putting significant bets on the network and want to run systemically critical infrastructure, want to know that there is governance of a network and of a code base.

that they can see evolve and improve at a pace that adheres to the fact that they have these responsibilities.