1) As promised:
My current thoughts on crypto regulation.
Conversation
Replying to
Sam.
With respect.
This absolutely sucks.
You're saying DeFi should be OFACed.
You're saying onchain freeze's should be normal.
You're saying DeFi front-ends to register as a broker-dealer.
No, this is not reasonable.
This would eliminate the U.S. from the crypto race.
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Replying to
Right now devs canβt write code in the US without fear of requiring a license they couldnβt possibly get, and you canβt launch a token without fear of prosecution for not completing a registration no one could complete.
If the industry argues for no regs this is what we get.
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Replying to
The solution isn't to apply the old CeFi rules to DeFi.
The regulation should approach DeFi from first principles.
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Replying to
I totally agree!
And I think it is, slowly, moving in that direction.
The way we continue to do that is by working constructively.
If we revolt, as an industry, against all regulation, the result won't be good.
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"If we revolt, as an industry, against all regulation, the result won't be good. So I'm going to go ahead and push for the worst regulations possible"
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dumb af take
these are not the worst regulations possible, I think they're net good, but if you have a different proposal I'd lvoe to see it!
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From your perspective of course they're great, they help FTX and your other businesses via regulatory capture, essentially outlawing decentralization and forcing people to use your centralized services
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def not outlawing decentralization! I'm enshrining it--that it *is* not just legal but necessary.
I repeat--please suggest what you think the right set of policies is!
how about blocked addresses after due process of law! the owner found guilty of a crime in a court of law then block the address in question!!!!!
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