FTX CEO Sam Bankman-Fried Lists Challenges To Crypto Mass Adoption On Twitter | Deems Regulation Necessary

13) Well, let's start with regulation.

The biggest thing here is to work collaboratively on ways to address current regulatory gaps while allowing liquidity to move onshore — to the US, and to Europe, and other jurisdictions.

— SBF (@SBF_FTX) December 27, 2021

14) Stablecoins are maybe the most straightforward: create a reporting/transparency/auditing based framework to ensure they are backed as they say they are: https://t.co/Xih6agSlpN

This would solve 80% of the problems while allowing stablecoins to thrive onshore.

— SBF (@SBF_FTX) December 27, 2021

16) Second, there should be standard markets oversight, in a unified regime that creates similar standards for spot, futures, etc.

And third, a disclosure, registration, and anti-fraud based regime for token issuances.https://t.co/5GEMXAK919

— SBF (@SBF_FTX) December 27, 2021

18) And I'm optimistic that we might get there in the next few years; that there is a light at the end of the tunnel.

How about use cases?

Well, the biggest blockers are network effects: in order for crypto payments to work well, both the buyer and seller need to support it.

— SBF (@SBF_FTX) December 27, 2021

21) The real goal, here, is to take a great game, and integrate NFTs in a way that makes the game better.

And, meanwhile, networks need to keep scaling.

I always laugh when a blockchain says they're already fast. None are!

Fast means millions of TPS. No one is there yet.

— SBF (@SBF_FTX) December 27, 2021