Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, reportedly called out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong’s government to highlight new opportunities within the region’s economic landscape.
The businessman pointed out that instead of focusing on determining whether assets are securities or not, regulators must focus on consolidating the regulations and creating a rule book on crypto.
Bankman-Fried also noted that a framework that focuses on disclosure and the prevention of fraud may be more important than labeling assets as securities or not. While the FTX CEO didn’t specify which regulatory bodies he was calling out, many regulators worldwide are focused on classifying whether tokens are securities or not. However, he is convinced