4 ms·
I think that's a case-by-case thing and we're finding out the answers to it now. I had no stake in FTX and keep almost all of my rather meager crypto in paper w
by boppo1 4y ago
I think that's a case-by-case thing and we're finding out the answers to it now. I had no stake in FTX and keep almost all of my rather meager crypto in paper wallets.
My point here isn't about whether or not I think crypto should be regulated. My point is if crypto is going to be regulated, shouldn't regulators be able to sniff out a bad actor? Imagine if Madoff had started working with the SEC to help consult on policy. Wouldn't people have been upset with the SEC when he went bust since he was rubbing shoulders with them?
- kasey_junk 4y agoSo about Madoff: https://en.wikipedia.org/wiki/Bernie_Madoff#Government_access https://en.wikipedia.org/wiki/Bernie_Madoff#Government_acces... He was rubbing shoulders with many of the financial regulators including the SEC and people were pretty upset about it.
- tanseydavid 4y agoMadoff was "Chairman of the NASDAQ" in 1990, 1991 and 1993. You might expect him to have many contacts with SEC personnel during this period. Building his image along the way.
- jdm2212 4y agoFTX is a Bahamas-based company. Why would US regulators be regulating a Bahamas company with no US presence?
- kobalsky 4y agoFTX.US is a US company and it was included in the bankrupcy filings.