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“They went back on several things that the CFTC had been saying for a long time, Ether, commodity, not a security. So they secretly seemed to recategorize Ether as a secret security. And then they proceeded to do all sorts of enforcement actions, an inquisition, which forced many companies, including our own, to pay tens of millions of dollars.”

“The biggie is that they're really excited to bring Ether onto their balance sheet, about $425 million worth of Ether initially. They are very excited to stake it, to restake it, to participate in DeFi. Essentially, Michael Saylor in his Strategies strategy is doing some very interesting things with at the market, sales of shares, with the convertible debt offerings.”

“Saylor has this notion of Bitcoin yield, which is the amount of Bitcoin exposure for every fully deluded share of the shareholder's own. We have this notion of yield in the Ethereum ecosystem. It's called just earning ether based on staking your ether and stuff like that. So we're going to stick with that definition of yield.”

“They're outstanding. I haven't met with Paul, but I have interacted with Hester on some occasions. She's a superstar, and I think we love the SEC. The SEC is doing really healthy things for the United States of America and the world, and very reasonable things for our ecosystem.”

“Another thing you can do is you can tokenize equity. So imagine a company that has a strategy like this, tokenizing a portion of their equity, making it available in a popular wallet potentially for end users to purchase. There's this notion of token gated perks or admittance, things like that in the traditional world.”