2min chapter

Hidden Forces cover image

The Downfall of FTX and Crypto’s Path Forward | Vance Spencer & Michael Anderson

Hidden Forces

CHAPTER

Decentralized Financing and the DCCP

At least a year. We don't have any inside baseball as to how the whole process is unfolded. It just became clear that there was something rotten that was happening here. The DCCP would have effectively made anything decentralized, effectively illegal in the eyes of the CFTC or any other regulator. And so it made total sense that SBS was promoting this because it would have given a regulatory moat for FTX and basically effectively given them a regulatory monopoly.

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