Regulating Crypto
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I think the number one thing I think About is not about regulating the Technology it's about regulating the Outcomes and the activity just because We has new new technologies we should Still care about things like kyc know Your customer we should still care about Anti-money laundering AML those are Principles that are are I think Sacrosanct I think the US SEC has been Trying to expand their remit to say well This new market a 1.7 trillion dollar Market of crypto assets is going to be Under the remit of the SEC in the United States the law does not support that the Cftc is a much more natural regulator And you know things people will say well What about FTX and you know ironically Gary gendler was meeting with Sam Bankman freed repeatedly you know FTX Isn't about a crypto fraud FTX is about A fraud it happens to have been crypto And it definitely was a self-inflicted Wound for the industry are you clear on Who The Regulators are
