Tarp

In 2008, we knew the exposure was less than $9 billion because all those swaps were on one blockchain. We didn't have the data because technologically, it was a series of separate bank balance sheets. And so I started following this and when I got a call from the Obama administration in 2013, asking me to serve at the CFTC, this was something that was very much on my mind. In 2017, we approached by two large over exchanges, Chicago Mercantile Exchange, Chicago Board Option Exchange, about licensing Bitcoin futures. Five years later, here we are in 2023, the only thing that hasn't failed, virtually in Cricco, is that five year now operating Bitcoin