Sam Bankman-Fried on How to Prevent the Next Terra and 3AC - Ep. 403

Published: Oct. 4, 2022, 7:30 a.m.

b"Sam Bankman-Fried, founder and CEO of FTX, discusses his views on crypto regulation, macroeconomics, and the role of FTX in a decentralized industry.\\xa0\\n\\xa0\\nShow highlights:\\n\\nwhether the market has already bottomed and the influence of macroeconomics\\n\\nwhy Sam thinks regulation could have a significant impact on the crypto industry\\n\\nthe impact of the Terra collapse, Sam\\u2019s thoughts on stablecoins, and the importance of disclaimers\\n\\nwhat the industry can do to prevent high leverage from crypto companies like Three Arrows Capital\\n\\nhow crypto lenders should manage risk in a sustainable way\\n\\nwhether the crypto collapses affected the opinion of lawmakers and regulators\\n\\nthe topics and proposals that Sam is discussing with regulators and his philosophy on financial regulation\\n\\nwhat Sam thinks about building a centralized entity in a decentralized space\\n\\nwhat it would take for FTX to move back to the United States\\n\\nwhy Sam\\u2019s political donations more commonly support Democrats, among which are some prominent critics of crypto\\n\\nwhether he makes political donations based solely on candidates\\u2019 crypto stances\\n\\nthe role of FTX in the TradFi market and whether crypto and TradFi will evolve toward or away from each other\\n\\nconcerns about potential conflict of interests between FTX and Alameda Research\\n\\nthe impact of the Merge, the value proposition of Ethereum and whether it affects the narrative of Bitcoin as digital gold\\n\\nhow FTX is positioning itself in this macroeconomic environment\\xa0\\n\\nthe type of acquisitions FTX is interested in\\n\\n\\xa0\\nThank you to our sponsors!\\nCrypto.com\\na16z\\nChainalysis\\n\\xa0\\nEpisode Links\\nSam:\\nTwitter\\n\\xa0\\n\\xa0Bailouts and Acquisitions\\n\\nFTX raising $1 billion in funding\\n\\n\\nFTX\\u2019s acquisitions had \\u2018mixed results\\u2019\\n\\nVoyager Digital Auction\\n\\nCelsius Possible Acquisition\\n\\n\\xa0\\nStablecoins and Regulation\\n\\nBankman-Fried Says He\\u2019s \\u2018Surprisingly Optimistic\\u2019 U.S. Will Devise Crypto Rules Within A Year\\n\\nStablecoin Draft Bill\\n\\nYellen cites UST stablecoin risk after it loses its dollar peg\\n\\nPrevious Coverage of Unchained on Stablecoins and Regulation:\\n\\nWhy Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto\\n\\nWhy Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed\\n\\n\\n\\nDonations and Politics\\n\\nGiant crypto exchange founder Sam Bankman-Fried promises to give away most of his $21 billion fortune\\n\\nPolitical donations\\n\\nSam Bankman-Fried is Democrats' largest donor in May\\n\\n\\xa0\\nAlameda Research Concerns\\nCrypto Quant Shop With Ties to FTX Powers Bankman-Fried's Empire\\n\\xa0\\nCollapse of Crypto Companies\\n\\nCelsius bankruptcy filing\\n\\nVoyager Digital bankruptcy filing\\n\\nThree Arrows Capital bankruptcy filing\\n\\n\\xa0\\nFTX proposal to clear derivatives\\n\\nNew method of clearing\\n\\nPrevious coverage on Unchained:\\xa0\\n\\nFTX Wants to Compete with CME \\u2013 Here\\u2019s Why It\\u2019s a Big Deal\\n\\n\\xa0\\nInterest in buying Twitter\\nText messages reveal Sam Bankman-Fried's guru told Elon Musk the crypto billionaire was 'potentially interested' in buying Twitter\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"