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The CEO of FTX cut an unlikely figure in a grey T-shirt, khaki shorts, sneakers, and his mane of untamed curly hair as he took the stage at this year’s big derivatives-industry conference in Boca Raton. Bankman-Fried stole the show with a groundbreaking proposal to US regulators to automate risk management in financial markets - using practices developed for digital assets.
Yet Bankman-Fried created a buzz in Boca by focusing less on what is being traded on exchanges such as FTX and more on how it is being traded — the implication being that the gold might be in the new financial plumbing itself rather than what flows through it. In the process, he took a far different approach to dealing with the government than his more combative brethren in the libertarian-leaning crypto community. He invited oversight and sought a dialogue with the regulators — which he has received.
https://www.ft.com/content/b0917d6b-69bc-4d48-ac21-33993bda8043?sharetype=blocked
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