The founder of digital derivatives trading platform FTX is optimistic about the listing and believes that supervision will be clearer

In an interview with Bloomberg, FTX founder and CEO Sam Bankman-Fried said that FTX does not rule out going public through SPAC, and expressed his views on issues such as regulation, Bitcoin ETF and environmental protection.

In the past few years, the crypto market has become increasingly popular due to the surge in cryptocurrency prices and the influx of institutional investment. FTX, founded by 29-year-old Sam Bankman-Fried, has made a big splash in the market. FTX has become one of the largest digital derivatives trading platforms.

Coinbase Global's listing is a watershed moment for the crypto market, and industry insiders have predicted that other companies in the crypto space will follow suit. Sam Bankman-Fried said FTX will not go public like Coinbase, but does not rule out the possibility of a SPAC backdoor listing.

SPAC is the abbreviation of Special Purpose Acquisition Company. SPAC is an innovative financing method for backdoor listing, that is, first set up a special purpose company in the United States. This company has only cash, no real industry and assets. This company will invest in and acquire the target company that wants to go public. The target company will quickly achieve the purpose of listing and financing through mergers and acquisitions with the listed SPAC.

Some SPAC sponsors have also approached Sam Bankman-Fried, but he said, "We are one of the few companies worth looking forward to in the crypto market. If we want to go public through a SPAC, it will be easy for us."

As the crypto market is gaining more and more attention, regulators are also following suit, and Congress may issue regulatory regulations for the crypto market at any time. In May, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), pointed out that crypto trading lacks strong supervision regulations and urged Congress to legislate to regulate crypto trading platforms.

In this regard, Sam Bankman-Fried said that he was also waiting and watching. "We are waiting for the final decision of Gensler and regulators, and are also paying close attention to the development of policies and regulations such as anti-money laundering and customer knowledge."

Bitcoin ETFs are another hot topic. Although Bitcoin ETF advocates are optimistic that Gensler will be more open-minded than the previous chairman, the SEC has postponed at least two Bitcoin ETF-related decisions. Currently, there are 9 Bitcoin ETF applications submitted to the SEC. Last week, just one day after Volt Bitcoin Revolution's Bitcoin ETF application was submitted, Invesco followed up with a pair of ETFs tracking crypto-linked stocks.

“The SEC’s current attitude towards Bitcoin ETFs is not a complete rejection, but a stress response to new things.” Sam Bankman-Fried said, “In order to adapt to Bitcoin ETFs, you must first adapt to the Bitcoin market, which means that the SEC needs to tolerate less manipulation in the crypto market, or those manipulations that can be tracked.”

In terms of environmental protection, Elon Musk criticized the energy problems caused by Bitcoin mining, which brought this issue to the attention of the public. Sam Bankman-Fried said, "The huge energy consumption generated by Bitcoin and Ethereum mining is a special case. Carbon neutrality can be achieved by using green energy."