- The Federal Reserve and banking system - highly regulated -- is not transparent. Why should crypto be held to a higher standard, when it is already MORE transparent in many ways?
2/ SBF is clearly at the table and thinking thoughtfully about this stuff -- but feels the clear need to engage with regulators -- specifically in the US -- to help shape it.
He says ears are open on the other side of that table -- not everyone, but enough to give hope.
3/ Both emphasize that we have no draft of these regs yet, so we're all just guessing.
Vorhees points out that BitLicense in NYC was a prime example where industry engagement was VERY good -- and it went horribly wrong.
One of the claims Dr. Malone makes is that Uttar Pradesh in India -- an area with population equivalant to that of the United States -- has crushed the virus -- and they are oddly not revealing how they did it.
The chart seems to support this.
Having been to India several times, my first thought when all this began was that India was in a ton of trouble -- the sheer density of human per square inch is hard to convey to someone who has never been there.
And India has fared FAR better than I would have guessed.