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1/ Watching v as I clean my house :) Takeaways: - The Federal Reserve and banking system - highly regulated -- is not transparent. Why should crypto be held to a higher standard, when it is already MORE transparent in many ways?
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Watched this earlier today, it seemed like a productive discourse You can tell Erik has a stronger grasp, but showed deference to SBF in a โ€œYou gotta trust the person in the roomโ€ way I never felt like SBF was lobbying on my behalf, but under Erikโ€™s influence, I do feel better
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I feel like Erik would blow an actual negotiation -- though I highly respect his thoughts and position. I don't think an absolutist, purist position is possible here. If we gambled with that, we'd all get nothing. SBF is practical. He's balancing many, many things.
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yeah I mean tbh I have quite strong feelings about what would happen if you tried those lines in DC with regulators or (most) policymakers and they're probably in line with yours but seems like a bunch of experts on crypto twitter disagree so who knows maybe they're right
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That's what I was getting ... SOMETHING is definitely going to happen here reg-wise. And left to their own, lawmakers will be super overzealous and protect incumbents. So we need to push hard but be willing to deal in some way.
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SBF thank you for fighting for crypto, I understand the fine line you have to walk. Do your best to leave defi untouched. My belief is that we have to get the SEC out the hen house and crypto will thrive under light touch legislation. Don't listen to jealous Twitter losers.
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