'What I was nervous about was .... when there was the Alameda balance sheet through CoinDesk,' the former CEO of FTX_Official SBF_FTX told dealbook's andrewrsorkin.
, which are highly regulated and barred from engaging in many of the activities that the crypto company pursued.I would think it should be, because I believe, to my knowledge, that it could be and could make all Americans 100 percent whole from this. FTX U.S. derivatives, as I said, doesn’t even allow leverage of any sort. It was close to a spot-trading platform.
Those things, I think, matter. And they’re, you know, among the most important things to me. Separately from that, there is a bunch of bullshit that regulated companies do to try and look good. And these are things that everyone who does them basically knows they’re kind of dumb, that these are not things that are making a large impact on the world. These are not looking at saving thousands of lives.
On the more tasteful end of the spectrum, you can see things like small-scale but real charitable initiatives. On the less tasteful end of the spectrum and, frankly speaking, things like making sure that all materials have perfect English grammar is a thing where — that was important.
There were, but I think compliance — we were spending an enormous amount of our energy on compliance. We were spending an enormous amount of energy on regulation, on licensure. We were getting licensed in dozens of jurisdictions. I, I think, frankly, we’re spending probably too much of our energy getting licensed in retrospect.
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