The FTX Empire That Didn't Fail Was Under CFTC Supervision

Tomazzo: The failure of SPX has turned that on to its head and suggests that you still need intermediaries like SPX. So I think this comes from a misunderstanding of what crypto is really about, he says. Tomazzo: There's no longer the need for an intermediary in settlement so one can happen on the blockchain. But of course there may be intermediaries that issue new forms of money such as stablecoins. And you still need to trust those intermediaries. Those intermediaries still need to be regulated. Chris: It's very important actually anybody who's interested in this area if you haven't had a chance to read the Satoshi Nakamoto white paper read it.