Conversation

1) Germany proposes _only_ allowing futures with pre-deposited margin: reedsmith.com/en/perspective This is how the FTX margin engine works, and the market structure we're proposing in the US:

ftxpolicy.com

Risk Management: Avoiding the Next “LME Nickel” Market Incident

In early March, a Chinese investor with a short position on nickel through derivatives suffered losses when the cost of nickel began to increase substantially. Along with other commodities, nickel...

12:19 PM · Jul 23, 2022Twitter Web App

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2) (As a side note, it's odd to see a few stray "consumer protection" advocates fight *against* federal oversight of crypto and *in favor of* structures with unbounded losses for customers. We'd love to be further regulated!)

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SBF

@SBF_FTX

Jul 23

3) While entrenched interests may not like to see further economic competition in the US, it's time we provide clear, transparent, equitable marketstructure.

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I can live with that.. 😊

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Seems like a common sense and practical approach so we know it won't get adopted.

‹⟨ Friar ‹⟨†⟩› Tuck ⟩›

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and

no truth is globally US most of all takes the wise words or

@SBF_FTX

seriously they are TRANSPARENT loyalty and genuine sincerity this is why they ask to be educated by the man himself-who let me reiterate stand in front of Congress helping dismiss fears and providing insight.

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I hope they turn it on again, I miss 100x leverage🌚

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Sam Stop killing innovation! Let the consumer loss how much they want. Let the regulators fix the daily business transactions that are not protecting anyone and let the futures trading as it is…Why only

@binance

is silently protecting and benefit their customer???