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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...

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@SBF_FTX

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!)

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

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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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When $tlos

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Where do you stand on the ‘are many tokens actually securities’ question?

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You would love to be further regulated because you are a rent seeking organization looking to lobby that the rules be written in your best favor. And you know that being a tick on the side of lawmakers is reciprocal.

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Siempre confiamos en usted ingeniero bendiciones Dios lo bendiga

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It’s not odd, it’s deliberate. Federal oversight and regulation will lead to mass adoption and threaten the existence of many players in legacy finance. They are doing their best to delay the inevitable.

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You said you made money on arbitrage. And you were operating your exchange unregistered for fund settlement. Then you stopped it. Your exchange didn't work at all. Why do you say that? It's strange.