FTX CEO Sam Bankman-Fried believes that larger crypto companies should help stem losses in times of industry recession. decrypt.co/103319/sam-ban
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points about regulation & DeFi transparency means IF investors KNEW the risks, the market could have been more orderly. This needs to be balanced against ’s concern that knowing liquidation prices create a target, but opacity enables systemic shocks.
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This systemic effect has to be mitigated in order not to unfold in the digital space. DeFi world is not regulated, there is no restriction on cross-ownership, risk exposures, or minimum capital buffer. Retails-facing activities need to be regulated.
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Agreed. Principles based regulation that doesn't restrict client participation based on wealth would be a good thing. Not only, would it help prevent abuses, but it would restore confidence, which has got to be very low right now...
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