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is if you look at what precipitated some of the 2008 financial crisis you saw a number of bilateral bespoke non-reported uh transactions happening between Financial counterparties which then got repackaged and re-leveraged again and again and again such that no one knew how much risk was in that system until it all fell apart if you compare that to what happens on FTX or other major cryptocurrency venues today theres complete transparency about the full open interest theres complete transparency about the positions that are held there is a robust robust consistent risk framework applied and were excited to work with the cftc on our U.S license and regulated venue um to bring a lot of this uh
