Conversation

1) I'm honored to be testifying before the House Agriculture Committee tomorrow at 10am.

agriculture.house.gov

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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

SBF

@SBF_FTX

May 12

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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SBF

@SBF_FTX

4) Today, 95% of volume trades offshore, with US consumers lacking deep liquidity, along with the transparency and protection that comes with federal oversight. CFTC oversight of digital asset futures exchanges would fix that.

2:42 AM · May 12, 2022Twitter Web App

Replying to

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

SBF

@SBF_FTX

May 12

6) TL;DR: If a competitor of ours ever has a margin order amendment before the CFTC, I promise to respect the CFTC and its process, and not to drag a whole House committee together to put anticompetitive political pressure on our regulatory system.

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