… cases, the amount of capital that's coming in in the error of their ways by not acting. You referenced the FTX example. There's two ways to look at that. Right. There weren't enough consumer protections in place [for FTX], but also a recognition that there were decisions and policy decisions made that encouraged entities like that to be offshore. And so if we think about this, how do we put forward a regulatory framework that's actually encouraging companies to onshore and Making sure that that type of an incident where there's they're commingling funds, etc. There's fraud isn't occurring, period, full stop. (07:17–07:28)
CLAIM
Asserts that lack of consumer protections and policy decisions encouraged FTX to operate offshore.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
