4min chapter

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SBF vs. Erik Voorhees: How Do We Regulate Crypto?

Bankless

CHAPTER

Why Is There a Knowledge Based Test on Complex Financial Products?

There are lots of bad things that happen in the world every day and I don't grind to a halt because of that. But also like it's not infinitely bad, right? You know, it is about 1%. That's about how bad it is. And so actually when you look at websites that are marketing and targeting these at retail users, I think that that is a kind of thing that could help reduce fraud while still making it the case that anyone who did actually understand these products could use them. So I will fight against monetary threshold tests to access financial product. We don't need new regulations to make scams illegal. They should go after it all over the place. Maybe it's

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