Brett Harrison: belief

Transcript context

…Let's talk about regulators and your relationship with them while you're at FTX. Obviously, as head of FTX US, I imagine you were heavily involved with talking to them. What was their attitude towards FTX like before it fell? All the regulators were, I think, in the common belief that crypto was a large and viable asset class. And in order for it to grow in a responsible way, it needs to come within the regulatory envelopes that already exist in whatever way that's appropriate for crypto. And crypto could mean a lot of different things. We have to maybe distinguish between centralized and decentralized finance here. But I would say regulators saw FTX as at least one of the companies that was very willing to work directly and collaboratively with regulators, as opposed to trying to kind of skirt around the regulatory system. Well, when I was preparing to interview SPF, actually, I got a chance to learn about your proposal to the Cfdc. We were just talking about you were explaining this earlier, but the auto liquidation and cross margining system bring that not only to crypto in the US. But to derivatives for stocks and other assets. I thought, and I still think it's a good idea, but do you think there's any potential for that now, given that the company most associated with that has been blown up? What is the future of that innovation to the financial system look like?…

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