Mr. Chair, that was a great question.
I would also frame this in terms of the need for us to be progressive in looking at regulations. The SEC has a really great framework around what is a security and what is not a security, and we should definitely be working with United States regulators to apply that here. However, I think we also have to look at what the demand is for using things like stablecoins in Canada, with more and more people needing to send remittances across borders with Bitcoin and stablecoins. Why don't we have more progressive banking regulations here in Canada to allow companies like challenger banks to come up into Canada, like Cash App and things like that?
I think we shouldn't just be trying to clamp down more on things. We should be trying to follow the lead there as well as using open banking a bit more and giving consumers more of a choice.