Sam telling it like it is! SBF_FTX calls for unified regulation in order to create “a rule book on crypto”.
out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong's government to highlight new opportunities within the region's economic landscape.
The businessman pointed out that instead of focusing on determining whether assets are securities, regulators must focus on consolidating the regulations and creating a rule book on crypto. Bankman-Fried also noted that a framework that focuses on disclosure and the prevention of fraud may be more important than labeling assets as securities. While the FTX CEO didn’t specify the regulatory bodies he was calling out, many regulators worldwide are focused on classifying tokens as securities. However, he is convinced that this will not protect investors.
Additionally, the crypto billionaire also highlighted the regulatory frameworks for other asset classes, noting that the same should be done for digital assets. This is not the first time that the young exchange founder engaged with regulators. Back in December 2021, Bankman-Fried along with other executives from prominent crypto firms were called to attend a committee hearing, where they
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