SBF: Will not oppose the cryptocurrency community's strategies regarding regulation, even if it may not be the most effective way to achieve the goals

ChainCatcher news, FTX CEO SBF and ShapeShift CEO Eric Voorhees shared topics related to regulatory policies on a podcast hosted by Bankless. SBF stated that he supports increased regulation and scrutiny of Stablecoins. This mainly targets the auditing of Stablecoins to determine whether they are backed by fiat or any other assets. Eric Voorhees, on the other hand, believes that DeFi is inherently transparent. Furthermore, it is not just traditional finance, and regulators should acknowledge this.

Additionally, after the debate, SBF expressed on social media that he hopes the crypto Twitter community can carefully consider all the details of potential bills and policy proposals, and that the crypto Twitter community can correctly understand the details of policy-making, negotiations, and alliances in Washington, D.C. SBF stated that he would not oppose the crypto community's strategies regarding regulation, even though he personally believes this may not be the most effective way to achieve the goals. (Source link)