0:42:43 Voice F (speaker unconfirmed): This is probably out of context, but I wanna ask it anyway. So as you mentioned there, Alex, you know, where you've where you've purchased this at Ethereum, we'll use Ethereum as an example. You've done this with whatever. But what happens you put that into a pool and then you borrow against it? What way does that work?

0:43:00 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): So this is really interesting. When we talk about DeFi applications, we're now moving into a different kind of securities test and a different issue. So, so far as we know, if you are doing staking, but you're actively staking against a chain where you're act... Where you're the person who is, validating, there's no securities issue. But if you're passively staking, then there does seem to be a securities issue…

0:45:02 Dave @DCBK2LA (speaker unconfirmed): Hopefully.