7) Fourth, we should develop a regulatory structure that allows the settlement benefits of blockchains to protect the profits made by retail investors in equities:
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8) Fifth, we should develop standards to help inform and protect customers.
At its core, I think this means:
a) disclosures
b) safer clearing models
c) suitability based on knowledge, not wealth
ftx.us/derivs/
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11) Finally, stablecoins.
They make payments better: twitter.com/SBF_FTX/status.
We need regulatory oversight and up to date public information and audits to confirm that dollar backed stablecoins are, in fact, backed by the dollar.
ftxpolicy.com/posts/context-
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14) But my support for any particular bill, framework, etc. is absolutely contingent on those points--contingent on them actually protecting customers, and them actually protecting economic freedom.
Anyway, here's the blog post link once again: ftxpolicy.com/posts/possible.
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SBF wants to ban DAI and Uniswap and you guys still think he's on your side? Lol
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you seem to have walked back the stablecoin part, so I retract that. but how do you propose that uniswap implement the ever expanding blacklist you envision when it is immutable? uniswap v4 could, but uniswap v1-3 would all be banned and use would get you blacklisted as well.
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From all other responses I think he only meant ban on the front end
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+ this (DeFi has some core values you can’t just swap them with 9-5 TradFi)
Take an example of Brian (Coinbase) and Jesse (Kraken) how things should be handled in crypto space.
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re: sam’s proposal, if a defi dev publishes code that doesn’t do ofac censorship, is that a crime now? how is that different from compelled speech? what is the enforcement mechanism
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Regulation should be focused on the off/on ramps. Leave the chains alone.