manfromfuture

manfromfuture t1_j1i8vjs wrote

Madoff's fraud was pretty straightforward. He sent shareholders forms saying "this is how much money we are holding for you" and really there was no money. I don't know what FTX did but it sounds more complicated. Was FTX even the same kind of financial entity?

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manfromfuture t1_j1i7kn9 wrote

Do normal FEC laws apply to crypto and NFTs? Have they really caught up to all the nonsense? I'm not sure they ever caught up (or could catch up to) to regulating CDOs.

How do you regulate a service that trades in stuff like shares of bored ape pictures?

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manfromfuture t1_itgidz3 wrote

No, in fact there are lots of lawyers that give advice there. If you aren't a lawyer you have to indicate as much in your comment. "Get a lawyer" is common advice but they tell you precautions to take in the short term. E.g. call the police each time X happens.

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