On April 28, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in an interview at the Bitcoin 2026 conference that he first read the Bitcoin white paper around 2011 and became deeply involved in the subject. In 2013 and 2014, he had the opportunity to work at the CFTC, where they observed that Bitcoin did not appear to be a security. It is a decentralized asset, something entirely new, resembling other commodities in our market—such as gold, silver, and oil. Unlike prices controlled by individuals, its price is determined by supply and demand. Years later, the CFTC became the first agency to approve a federal regulatory framework for crypto assets, allowing Bitcoin futures contracts to be traded on exchanges under our regulation. I truly believe that the CFTC is a pioneer in the cryptocurrency space. We are fortunate that there is pending legislation in Congress, and we hope it will pass, which will expand our authority and ensure that this asset class can withstand future changes in the U.S. through clear rules and a regulatory framework.