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

Sam Bankman-Fried, founder and CEO of FTX, discusses his views on crypto regulation, macroeconomics, and the role of FTX in a decentralized industry.

Show highlights: whether the market has already bottomed and the influence of macroeconomics why Sam thinks regulation could have a significant impact on the crypto industry the impact of the Terra collapse, Sam’s thoughts on stablecoins, and the importance of disclaimers what the industry can do to prevent high leverage from crypto companies like Three Arrows Capital how crypto lenders should manage risk in a sustainable way whether the crypto collapses affected the opinion of lawmakers and regulators the topics and proposals that Sam is discussing with regulators and his philosophy on financial regulation what Sam thinks about building a centralized entity in a decentralized space what it would take for FTX to move back to the United States why Sam’s political donations more commonly support Democrats, among which are some prominent critics of crypto whether he makes political donations based solely on candidates’ crypto stances the role of FTX in the TradFi market and whether crypto and TradFi will evolve toward or away from each other concerns about potential conflict of interests between FTX and Alameda Research the impact of the Merge, the value proposition of Ethereum and whether it affects the narrative of Bitcoin as digital gold how FTX is positioning itself in this macroeconomic environment  the type of acquisitions FTX is interested in
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Episode Links Sam: Twitter

Bailouts and Acquisitions FTX raising $1 billion in funding FTX’s acquisitions had ‘mixed results’ Voyager Digital Auction Celsius Possible Acquisition
Stablecoins and Regulation Bankman-Fried Says He’s ‘Surprisingly Optimistic’ U.S. Will Devise Crypto Rules Within A Year Stablecoin Draft Bill Yellen cites UST stablecoin risk after it loses its dollar peg Previous Coverage of Unchained on Stablecoins and Regulation: Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed   Donations and Politics Giant crypto exchange founder Sam Bankman-Fried promises to give away most of his $21 billion fortune Political donations Sam Bankman-Fried is Democrats' largest donor in May
Alameda Research Concerns Crypto Quant Shop With Ties to FTX Powers Bankman-Fried's Empire
Collapse of Crypto Companies
Celsius bankruptcy filing Voyager Digital bankruptcy filing Three Arrows Capital bankruptcy filing

FTX proposal to clear derivatives New method of clearing
Previous coverage on Unchained:
FTX Wants to Compete with CME – Here’s Why It’s a Big Deal
Interest in buying Twitter Text messages reveal Sam Bankman-Fried's guru told Elon Musk the crypto billionaire was 'potentially interested' in buying Twitter