#CryptoRoundTableRemarks We have heard, for example, from many entities not registered with the SEC with different opinions on whether they or their products should be required to register and be subject to SEC jurisdiction. I hope this will be a key topic of today's DeFi panel. In November 2021, I wrote an article detailing my views on the opportunities and challenges of DeFi, which I believe require collaboration between the industry and regulators to develop compliant solutions. The issues I raised in that article related to market structure, transparency, and retail investor protection, among others, remain questions today, so I look forward to hearing the panelists' views on how we should address these challenges.