Bankless SBF vs. Erik Voorhees: How Do We Regulate Crypto?
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Oct 31, 2022 
In a riveting debate, Sam Bankman-Fried, founder of FTX, clashes with Erik Voorhees, the libertarian mind behind Shapeshift. They explore whether crypto should be regulated at all, discussing the implications for innovation and consumer protection. Sam proposes industry standards while Erik argues for self-governance. They tackle thorny topics like DeFi regulation and the challenges of navigating ethical dilemmas in a decentralized financial landscape. Tune in for insights from two heavyweights in the crypto world!
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Thoughtful Regulation
- Crypto regulation is inevitable, focusing on thoughtful regulation over the degree of regulation is key.
- Consider which aspects of crypto truly benefit from regulation and which suffer from overregulation.
Crypto's Existing Regulation
- Crypto already faces heavy regulation; the question is its effectiveness and purpose.
- Strive for a system better than traditional finance, not a mere imitation through excessive regulation.
BitLicense Example
- The BitLicense in New York is an example of overregulation harming innovation and adoption.
- It created a complex application process, stifling the crypto industry in New York.