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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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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