Welcome to the Podforce One podcast. I'm Miranda Devine. Today we're joined by Chairman of the Securities and Exchange Commission, Paul Atkins.

Chairman Paul Atkins, thank you very much for joining Podforce One. Well, thank you very much, Miranda. Happy to be here.

I guess people don't, you know, the average person wouldn't really know what the Securities

and Exchange Commission does. I think of you or have thought of you, and pardon my ignorance,

but as sort of the cop on the beat of the markets. And is that fair? Yes, that's it. But also,

you know, we're here to try to make sure that the markets are also operating properly,

that they're fluid and that people can come in and undertake their capital formation to, you know,

raise money for their companies, because after all, that's the essential reason

why we have capital markets for investors to meet public companies and then be able to trade

their investments. So that's essentially it. But if I think back to the 1990s, one time I was going through at the airport, you know, the security check and a bag that had SEC on it.

And one of the people said, oh, you know, maybe you can get me a ticket.

And I said, I don't think you want the ticket that I can give you.

So, you know, they were looking for a football or basketball ticket rather than whatever

ticket we can give.

So, but anyway, but I think now there are a lot more people understand what the Securities

and Exchange Commission is and does just from the recent market issues and whatnot.

So that's good.

Particularly, I would just interrupt you.

I mean, I think the way the SEC has become quite famous in the news lately has been for all the

wrong reasons under your predecessor, Gary Gensler.

And, I mean, he had a beef against Elon Musk and Twitter.

And if I can ask you to weigh in on that lawsuit that the SEC brought against Elon Musk,

...