And so the understanding the history is very important because we learn from history and history does repeat itself. 

And so a lot of what we're seeing isn't terribly new in, it's new in the innovation and the tech, but it's not new as in this type of transition and modernization of financial instruments. 

And then while I was doing that, I was his chief operating officer and managing director. I went and I got an MBA as well. And then I decided I wanted to launch my first law firm. 

So I did that. And my first transaction was a swaps transaction with the underlying asset being a digital asset in 2015. 

And so no swaps regime. And nobody could figure out if it was a commodity or a security. And so I solved that by having it an index that was broad based. 

And so there was some regulatory certainty.