Scott Debevic
Nov 20, 2022

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I like your ideas and think you are on the right track. It doesn’t seem like any of these regulations would be too hard to implement and the government would learn a lot sitting in on just the first one alone.

The only part of your article I disagree with is blaming CZ for the downfall of FTX and stating his Tweet was reckless. He basically did the job of what a regulator would do which is blow the whistle that there was too much smoke at FTX to ignore.

I would also add that there be some sort of fiduciary duty by centralized entities (exchanges, lenders, custodians, etc) with extreme consequences for bad actors.

Nice piece and I applaud you for challenging yourself more than just saying, “we need regulations.”

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Scott Debevic
Scott Debevic

Written by Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com

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