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SBF
@SBF_FTX
100% agree on disclosures, knowledge tests, etc. FWIW I don't know that it necessarily makes sense to be crypto-specific--I think that having, at least, mandates for disclosures and for knowledge-based tests for all FCMs/DCMs facing retail could make sense.
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Christy Goldsmith Romero
@ChristyGRomero
Establishing a household retail investor category could give them more consumer protections. For example, disclosures written in a way that regular people understand or could be used when weighing rules on the use of leverage. twitter.com/CFTCcgr/status…
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🩸Chuks🩸Pierre🩸
@chukspierre
Replying to
@SBF_FTX
Almost like the average investor might be "less sophisticated" Sentiment will always make people fume up when bad things happen, doesn't make them less smart. Remember Not everyone's a billionaire
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VanBrooks.algo
@Royal0ui
Replying to
@SBF_FTX
I agree, this makes sense, and is a simple (ideally) way for companies to shield themselves from liability. Also, this offer stands 🤙
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VanBrooks.algo
@Royal0ui
@FTX_Official and @SBF_FTX: I’ll give you the NFD ftxventures.algo for any amount, as long as you donate 90% to @GiveDirectly and I’ll take 10%. Any amount. But you should know I have 3 little kids to put through college some day. 😂 Put in a good word for me @Scaramucci. 👊
So Whatchu Think Richard Williams GIF
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Self-Driving-EVs
@IRL2LA
Replying to
@SBF_FTX
An issue is DAOs and crypto products generally are oriented towards industry familiar people within industry. But those making rules also have low understanding of finance, compound problem.
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@TheTitanThanos
Replying to
@SBF_FTX
Or they could just sign a document clarifying that, as an Adult, they understand the risks that come with high leverage derivatives and that their is NO protection? We are all adults, why so complicated?
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