Great thread that undoes misconceptions about FTX and crypto regulation

👇
RT @jchervinsky: FTX's failure doesn't justify a rush to regulate in the US.

FTX is a non-US exchange based in the Bahamas. By design, it didn't have any US customers so that it wouldn't be subject to US jurisdiction.

There is no law Congress can pass to prevent the failure of an offshore firm.

🐦🔗: https://nitter.eu/JamesfWells/status/1591035943045464065