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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

@SBF_FTX

Jul 23

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

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

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

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Rich coming from you

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We can bottom once the US bois get their 10x leverage right?

Thomas Sowell’s Burner

@BurnerSowells

Jul 23

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@SBF_FTX

Nobody’s gonna read all that. Just make number go up

Fooo’s lawyer’s Bahamian barista

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and

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Sam Bank-Run Fried Chicken

@60seconds16

Jul 23

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@SBF_FTX

There needs to be a BUFFER for auto-liq when vols goto some "high level". Don't want a system where I can get liquidated due to vols only to see the asset bounce back a few mins later. That is why I like the current system.