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The Debate Around SBF’s Regulatory Ideas

The Breakdown

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Decentralized Cryptocurrencies - Regulatory Heuristics for Decentralized Blockchains

"I support implementing knowledge-based quizzes rather than asset-based ones to determine product suitability," he says. DeFi is crucial to a lot of the innovation that digital assets could ultimately bring, but it's also one of the trickier things to think about in the context of current regulatory frameworks. "You don't need a financial license to upload code to the blockchain so long as it's not otherwise illegal or nefarious," according to his proposal.

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