over heritage front door and drugs and other types of drugs in criminal justice measures that we saw coming up in the 70s i will say this is a visit a bit of a misnomer since it was like for marijuana possession he had 3 series which is you for 2 for burglary and one for a firearms session and just. look at past elections an attorney what your sense is going to be in fact you can look at things that you were convicted for it turn your sentence but i think this really is a testament to how the war on drugs has lost its way particularly kind of even more of what we know about. i mean this individual is in the east we know that all starts. people kind of each out of crime. just stop committing crime after a certain age and particularly in the early thirty's i'm 44 there's no way we communicate through all that and we kind of ignore these things as relates to sentencing and looking at past visions yes he looked he had some seriously because in the past but i don't think we know about why crimes committed so also that this last admission is it indicative of a public sex concern public sei

over heritage front door and drugs and other types of drugs coming in who are just as measures that we saw kind of pop up and said i will say this is a business a bit of a misnomer. for marijuana. seriously which is you for. burglary and one for firearms. and just. look at past inventions an inter-meeting what you since it's going to be in fact you can go get things that you were going to vote for him to turn in your sentence but i think this really is a testament to how more addresses lost its way particularly kind of ignore what we know about. this individual. we know that all starts. people each out of crime. just stop committing crime after a certain age and particularly in your early thirty's or there's no way we communicate this to all. and we kind of ignore these things as relates to sentencing and looking at past visions yes he well he had some serious which is an ast but i don't think we know about why. it's also that this last invitation is it indicative of a public sex concern policy concern really should be. what we're looking at if this individual is not dangerous then the

heritage of regulatory compliance. a very unintuitive move. because of that, we have a front door to be a tape of relationship.e have ongoing dialogue with regulators. how do we make sure we are always protecting the customer and being on the side of the customer first and foremost? and at the same time, making sure we are pushing innovation forward and we are not unconsciously recycling anything that can be the next technology frontier. for us, we view regulatory as a competitive advantage for coinbase. we think regulators understand the opportunity and we are going to work with them to craft out what looks right. emily: coinbase is the dominic crypto exchange, there is competition. $10 billion in liquidity. there are traditional banks. paypal, robinhood trying to offer the services you offer. how do you stay ahead of the competition? does that involve changing your fees going forward? >> we look at ourselves as the best of all worlds. traditional financial worlds, those folks are going to be -- they are not going to be on the spectrum of pushing innovation forward. we'll be able to power many of the crypto c