SBF on Twitter: "@scupytrooples @fraxfinance the burden for launching a centralized exchange is already waaaaaaay beyond that and this is *instead* of an assets-based test that would be worse in every way" / Twitter

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100% advocating for crypto and defi it would be dumb, otherwise, for me to support a bill that regulated *my* business--increasing costs/etc.--while respecting DeFi (which is what I think/hope Stabenow-Boozman will do!). I'd love to hear your concrete proposals/disagreements!

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to be clear that's for centralized exchanges!

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the burden for launching a centralized exchange is already waaaaaaay beyond that and this is *instead* of an assets-based test that would be worse in every way

1:41 PM · Oct 21, 2022Twitter Web App

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check out ftx.us/derivs for an example

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