The Future of Derivatives

The first wave of Bitcoin miners back in 2013-14, they all went out of business because they weren't able to hedge risk. I mean, there's now the ability to hedge these things in a pretty interesting way. And so, yeah, I think the use cases for derivatives here were probably just scratching the surface in terms of where this is going. But coming back to one of the points you made earlier, Matt, regulation is always a bit of a lag-odd relative to technology innovation, right?