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A comment on FTX’s Collapse Was a Crime, Not an Accident. Parent comment

Re:FTX’s Collapse Was a Crime, Not an Accident by jasonhansel on Wednesday November 30, 2022 @08:57PM (#33811262)
Can you imagine anyone proposing this for the ordinary financial sector? The hardcore libertarians would approve, but nobody else would take such a proposal seriously.
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Re:FTX’s Collapse Was a Crime, Not an Accident by eramoose on Wednesday November 30, 2022 @09:18PM (#33811440)
While I'm pretty skeptical a SRO would work for crypto, as mentioned in the article, SROs like FINRA are one of the main sources of regulation in the ordinary financial sector.
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Re:FTX’s Collapse Was a Crime, Not an Accident by sp332 on Thursday December 01, 2022 @12:41AM (#33812787)
Usually industries try to self-regulate at first. Sometimes they do an acceptable job, and sometimes they get regulated by outside agencies.
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Re:FTX’s Collapse Was a Crime, Not an Accident by oblio on Thursday December 01, 2022 @09:36AM (#33816742)
Money's been regulated since the beginning of time.

And when/where it wasn't, we usually called the place a failed state.

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Re:FTX’s Collapse Was a Crime, Not an Accident by AdamN on Thursday December 01, 2022 @04:19AM (#33814078)
Actually SIPC is exactly that and is probably what the crypto industry wants to model themselves after.
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Re:FTX’s Collapse Was a Crime, Not an Accident by areyousure on Thursday December 01, 2022 @10:53AM (#33817915)
In case anyone is curious: https://en.wikipedia.org/wiki/Financial_Industry_Regulatory_...

> The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets.

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