FTX CEO Sam Bankman-Fried (SBF) agreed with U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero on trading disclosures and knowledge tests, but added that they do not need to be cryptocurrency-specific.
Romero said on Twitter: “Establishing a class of household retail investors could provide them with more consumer protections. For example, disclosures written in a way that the average person understands, or disclosures that can be used when weighing rules on the use of leverage.”
SBF says 100% agree with disclosures, knowledge tests, etc. Provisions for disclosure and knowledge-based testing for a broad range of intermediaries, such as futures commission merchants, may make sense.