Speaker unverified: belief

Transcript context

…That's right. As you said, we'll do the best we can. We'll get every license that we can get. You can't get more licenses than everyone you can get. That's how it is. It's not zero risk, nothing is zero risk, but so be it. That's, in the end, the perspective that I think we've taken and we've had to take. I think it's been the right one to take, although not always the easiest one to take. I think it involves accepting that you're going to have to go out on a limb and you're going to have to make judgment calls because there are always judgment calls involved in all these things. Again, that's just how it is. There's no point in pretending it isn't. Which honestly, in some ways, feels like almost a fairly singular or unique stance in many respects. There are the more US-centric exchanges, which I would say, have maybe moved a little bit more slowly, but have been super cautious about regulation. Then there are maybe more foreign-focused exchanges that move super, super fast, and are basically like, listen, we're not going to sweat this too hard. Whereas, I think you guys have really managed to thread the needle by saying, we're going to innovate, we're going to push new products forward, but we're also here to push the regulatory side of things forward as well. Yesterday was obviously an example of that too. I think that's right. I think that in the end, our sense of this is this isn't, you can choose to be compliant or you can choose to be functional, and you have to choose which company you're launching. I think the way we think about it is in the same way that you can make informed reasonable decisions on one front, you can make informed reasonable decisions on another front.…

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