1) I'm honored to be testifying before the House Agriculture Committee tomorrow at 10am.
Conversation
2) We have submitted an amendment to our DCO margin order to the CFTC.
In short, it would implement a more conservative but otherwise similar margin model for FTX US Derivatives as FTX has run internationally.
ftxpolicy.com/ftx-clearingho
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3) We think that by granting federal oversight of digital asset markets it would:
a) provide equitable market access
b) eliminate all data fees
c) protect consumers
d) protect against systemic risk
e) increase US economic competitiveness
f) increase futures competition
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5) And we think that the margin model is safe and conservative: real time risk engines mean you neither have to preemptively liquidate days early, nor risk positions going underwater for days.
ftxpolicy.com/ftx-guaranty-f
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What does using margin to buy bitcoin have to do with the house agricultural committee?
...why not give more details how you will compute it and how it performs. Show backtets on complex portfilios, show how complex strategies were liquidated at what price (not jusy simple o/r and spreads). That elephant everyone wants to see is missing.
