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3) At the end of the day I think I basically agree with

and the industry on what's important and the right policy: a) economic freedom b) getting rid of discriminatory, classist standards for investment c) freedom for DeFi (putting aside effective strategy)

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SBF

@SBF_FTX

Oct 29

4) I don't always agree on the best strategy! But I might be wrong. And more important, it's not my decision to make--it's the community's. So: *I won't push against the community's strategy* even where I think it might not be the most effective way to accomplish the goal.

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SBF

@SBF_FTX

Oct 29

5) So I encourage everyone-- including

@ErikVoorhees

--to make their voices heard and fight for what's right: Fight for freedom, and to make the economy work, and for the exponentially interoperable power of DeFi.

344

SBF

@SBF_FTX

Oct 29

6) I hope, for all our sakes, that the crypto twitter community has carefully considered all of the details of possible bills and policy proposals, and that the crypto twitter community correctly understands the details of policymaking and negotiation and alliances in DC.

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I'm not going to actively advocate for strategies that I think will be self defeating. But I also won't actively advocate against the industry's chosen strategies.

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yes but I believe that some strategies here are David shooting himself in the foot right as he's about to defeat Goliath. I won't pull that trigger. But if the community believes I'm wrong about the effective strategy, they can, and I won't stop them; that's not my right.

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I don't see it that way! I totally support the community's goals here, and will fight for them. I think the community is fuckin awesome and one of the few things truly fighting for freedom. I don't always agree on the best strategy, but that's ok :)

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and

I would deeply appreciate if some people were slightly more reflective on how much they likely understand about the strategic considerations here and were more open to engaging on that topic but also maybe I'm just wrong on them anyway

5:17 PM · Oct 29, 2022Twitter Web App

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Too busy buying SHIB mate.

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Giga chad

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and

Bro stop giving democrats money

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Call me anytime to discuss.

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and

i know a thing or two about politics/policy and you are leading this community down the wrong path… once these regs are instituted it will take three times the effort to modify/fix them than what it will have taken to put them in… you don’t have the right advisors…

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and

I believe you believe you’re being a pragmatist and looking out for the best interest of crypto. I don’t know your inputs for that on the regulation side of things but it would be helpful to flesh out your perspective on how and why you expect the regulatory issues you do.

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Sam vs CT

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1/ I think it would be very useful if we could understand more about those strategic considerations. It's fine to say compromise is required - but compromise on what? What are the things the regulators *really* want to get out of this, and is there only 1 way to achieve them?

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and

2/ Do you think Erik's suggestion that DeFi should be excluded from the scope of the current legislation to give a nascent technology space to innovate is untenable? Why do you think that perspective might not at least sway a regulator to accept a more light touch approach?

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