dr. brummer, do you want to take a swing at those? >> your microphone please. >> i'd have to defer to mr. lempres as to how the internal operations. >> mr. rosenblum? >> sir, i think to -- to take all of your questions, we have to step back and look at a couple of things. there are a number of different currencies and there are a number of different items being traded here, and there are a number of different places in which they get traded. so if you're talking about bitcoin or other things we'll view as pure currencies, right, which is probably where this question starts from, i think there are one set of answers to the questions. i promise to get to those. the second thing, though, is when we're talking about new tokens and things that are being developed for particular platforms, those are very different, right? and there is at least two places that those can be traded. one is on the platform itself. the second is on exchanges, most likely exchanges registered with the sec. when we talk about exchanges registered with the sec, i t

dr. brummer, do youy. want to te a swing at those? >> [inaudible] >> microphone, please. >> other than things i'm sympathetic to your objective i would have to defer to mr. lempres how the internal operations. >> mr. rosenblum? >> sir, i think, to take all of your questions we have to step back and look at a couple of things. there are a number of different currencies and a number of different items being traded here and a number of different places they get traded. if you're talking about bitcoin and other things we'll view as pure currencies, right? probably where those questions start from, there is one set of answers. i promise to get those. the second thing, we're talking about new tokens and things being developed for particular platforms, those are very different, right? there are at least two places those can be traded. one is on the platform themselves, second on exchanges, most likely exchanges registered with the sec when we're talking about exchanges registered with the sec your notion of they're of having all those things