Thank you, Peter, for that introduction. I appreciate the opportunity to be part of this conference. I do have a couple of disclaimers.

I will begin with our standard SEC disclaimer: The views that I will express today are my own and do not necessarily represent those of the Commission or my fellow Commissioners. Indeed, with respect to one particular issue I will be discussing today, my disagreement with my colleagues is sufficiently public and pronounced that it may not even warrant a disclaimer. I speak, of course, of my dissent from the Commission’s decision to reject an exchange-traded product that was designed to give investors access to bitcoin.

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