Apr. 19, 2023
April 19, 2023 We need more regulation No one regulator has all the pieces to know the risks and bets being made with peoples retirements, college funds, 401ks, IRAs, etc.. Please approve this so that what happened with FTX tokenizing securities naked doesnt happen again. I know that we are fighting against a lot of evil people with lots of money, but even they wont have anything if we dont start regulating our financial markets effectively. Im all about DEFI but we need the regulators to assure the public that everything is collateralized. That is the whole point of the SEC. To make sure that the companies that get awarded stock certificates/proof of securities held are reputable and not fraudulent How can you even begin if you dont know what these institutions are buying and selling and how much cash on hand they actually have. Also, do something about the FTDS for gods sake. They have been accumulating in the FTD warehouse since 1993. Maybe a smart contract powered exchange would end this and take the human (crime) out of the markets. APPROVE THIS.