6) And at major tech companies, the idea of innovating further or continuing to build goes from the goal, to the hope, to a fond memory of when things were functional.
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8) Well, how about equitable market access?
Traditionally the economically disenfranchised go through 10 layers of blockers.
In crypto, they can go to ftx.com, create an account, and send orders straight to the matching engine, with full marketdata--for free.
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9) In crypto, risk engines run in real time--managing risk, mitigating losses, and ensuring that collateral is transparent and real.
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12) The innovation that we've seen in the crypto ecosystem isn't riskless: open innovation combined with easy market access can lead to more scams, and clearinghouses can fail.
twitter.com/TheStalwart/st
Which is why we need federal oversight.
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I think SBF explaining yield farming and then Matt’s reaction to it will go down as one of the all time, most iconic moments on Odd Lots. bloomberg.com/news/articles/
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13) We need to have transparency, anti-fraud controls, and checks that customers understand the products they're investing in.
ftxpolicy.com/disclosure-and
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14) And we need federal oversight and licensure of crypto exchanges--especially clearinghouses--to make sure that the risk-reducing innovations in risk models aren't canceled out by other negligence.
ftxpolicy.com/ftx-clearingho
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15) And while most current sanctions compliance in the digital asset ecosystem is robust, the same mandates that compliant venues face have to be extended globally.
ftxpolicy.com/sanctions-comp
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16) Things aren't perfect. Innovation rarely is.
So we take one step forward after another, and day by day we get better.
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