Ram Ahluwalia (Lumida) on Crypto Self Regulation
Galaxy Brains
00:00
The Future Vision of the SRO
I think I love the concept here of the SRO. It's a transformation of liquidity, credit and duration into ultra short liquid funds that are in fact taking credit risk,. And it's not a Ponzi for sure. But there's a reason why it's highly, highly regulated. Another provision would be to prohibit wash sale trading. A third proposal would be to publish proof of reserves and proof of liabilities on chain.
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