FTX CEO asked for feedback proposed crypto regulatory framework this week, and he may have gotten more than what he bargained for.
Earlier this week, the crypto billionaire riled the industry by suggesting ways to confront the legal and hacking woes plaguing the ecosystem.The OFAC Conundrum
Developers should have the choice if they wish to subordinate their decentralized code to a blacklist. However, “forcing” them to do the same would mean tyranny and must be resisted by every participant in this industry, the exec argued. “For Sam to suggest that the industry “should respect OFAC” is unbecoming. OFAC does not deserve respect. It deserves repeal. And anyone genuinely advocating for “an open, free economy” cannot support such blatant financial discrimination on millions of innocent people.”Voorhees found SBF’s suggestions regarding decentralized finance to be of most problematic.
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