drew

what if investors come in many categories and a universal broad stroke “protection” doesn’t fit everyone equally what if

Yeah surely the asset class that popularized the term "rugpull" doesn't need any additional investor protections

missing the point - if you want to take a high risk trade with going to zero shot, you should be able to with a small percentage of your portfolio. So a qualification system proving you know how to diversify could work. Sweeping regs are not that. I’d bet on tails w small size

"protections" and "sweeping regs" are imprecise terms of debate, I'm curious what you are actually concerned about for your business? We already live in a world where I can make risky trades with a small % of portfolio, I don't see it changing

selling a put is a limit order where you get paid to bid, easy to understand and allowed to do it in robinhood on equities no problem - how do you do it on eth based in new york city in front of screens

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!!

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