Coinbase's Business Model Has Changed Since the IPO

Brian Armstrong, the CEO of Coinbase and his legal team as well have really intentionally misrepresented certain aspects of the SEC processes. It's amazing for them to do that because it's totally false. The other thing I wanted to emphasize is thatCoinbase's business model has fundamentally changed since the IPO. They've started listing vastly more tokens. And now they're saying, well, geez, we didn't see this coming guys. This was actually a point that I ended up making in two episodes of get a go for us when we were at consensus and talking about it.