Sam Bankman-Fried, founder and CEO of FTX widely in the industry “SBF” known as. The SBF warned policy makers to avoid making decisions that could affect decentralized finance.
Sam Bankman-Fried Releases Regulatory Guidelines For Cryptocurrency And FTX
Sam Bankman-Fried DeFi His comment was featured in a 3,800-word handbook of industry norms published yesterday afternoon.
Bankman-Fried’s letter came a day after a report was released that lawmakers were considering amending the bill written by Senators.
Debbie Stabenow, D-Mich. and John Boozman, R-Ark. and Bankman-FriedThis bill, supported by , was harshly criticized by DeFi advocates.
Recently, FTX offered to buy the assets of the bankrupt crypto lender Voyager.
FTX Exchange has faced regulatory scrutiny over how effectively it follows financial laws, including an investigation by Texas regulators.
“First of all, it is a difficult matter to understand how and where DeFi and DeFi-related issues will not comply with regulatory rules, and there is no firm opinion on this yet.
The crypto billionaire said he hopes the crypto industry will ponder the issues outlined in his draft and eventually publish an appropriate set of community norms.
In his post, Bankman-Fried also talked about the potential of blockchains to improve traditional financial markets.
“Tokenization of stocks can help simplify securities settlement. Thus, a stronger and fairer market structure can be provided for individual customers.”
*Not investment advice.
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