david gerard there. er, senior investment analyst at hargreaves lansdown. david saying he doesn't think it is affecting the broader market yet. what risk is there of what's happening in digital assets spilling over into the real world? i assets spilling over into the real world?— realworld? i think the risk isn't here — realworld? i think the risk isn't here right _ realworld? i think the risk isn't here right now, - realworld? i think the risk isn't here right now, but. real world? i think the risk i isn't here right now, but there has been concern voiced by regulators around the world that so many more individuals, individual traders, and, increasingly, institutions were putting their money into crypto assets and if that trend continued there was a fear that this could, in the future, have an effect on the stability of the financial system and that's why you've been seeing moves by central banks and discussion papers launched on the way forward looked at to try and establish what types of cryptocurrency

i'm going to start that with david gerard. he sent us this thought about regulation and critique cognitive. let's have a person to invest the protections. the things regular is really worry about is the crypt currency market, contaminating the real economy where people live. and that would be a bad idea because crypto is completely unregulated marketing practice. crypto has been trying to get into those, trying to get in to pension funds, trying to get investment banks to take on crypto liabilities and so on. the u. s. government is aware of this and very much against it, and that's good. they need to act sooner rather than later. i got a us smiling daniel. my files are being raised sherry station. everybody stopped. well no, i mean he saw him mistaken because by didn't just what few months ago gave an executive order about how he wants to study and, and come up with like a stable coin system because he knows it's the future. you can't fight progress. we don't use smoke signals anymore. we don't use telegrams. your phones or f