what if investors come in many categories and a universal broad stroke “protection” doesn’t fit everyone equally what if
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You and I both know that the clearing/settlement infra for equities is miles more regulated than in crypto, it all runs through DTCC which is a literal central choke point for all US equities, is that what you're saying you want to see in crypto? Because that's how equities works
It's fine if what you want is to make crypto trading more like equities but let's not pretend that it wouldn't involve a massive reg regime change, probably even bigger than what Gensler contemplated in his speech. There's a lot under the hood in equities market microstructure!!
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Go off king.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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it’s literally the opposite of what I want - you can do fully funded options on chain with no clearing house and direct transfer of premium from buyer to seller and transfer of collateral in the event of strike getting hit straight to the buyer. But I guess you’ve never used any
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It's true that I haven't traded crypto options, sounds fun. But this is Genslers point right? You'd need to audit the Solidity to make sure it's doing what it's supposed to, have legal fallbacks in the event of rugpull, etc. It has to touch the legal system and have oversight
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