Andy: From capital the market side — new projects that require access to investor capital — I agree; difficult to build without participation from US lenders and investors. However, for global market side – trading, derivatives, services to hedge funds – I think global crypto is doing quite well, given the obvious headwinds. Financial engineering in cities like London, Zurich, Singapore and Hong Kong, which have a wealth of talent and a history of innovation, is doing well. The US is (impressively, if you think about it) launching futures contracts on bitcoin and ether, some ETFs and ETF options (soon), but for depth, breadth and innovation, you have to get on a plane.