Bahamas-based crypto exchange FTX has reportedly rolled out a list of principles and proposals, to offer assistance to policymakers develop the regulatory framework. 

Specifically, the policy reportedly suggests the market-structure decisions carried out by a variety of top-tier crypto exchanges, and come up with recommendations regarding its implementation throughout every jurisdiction. 

FTX reportedly shared the “FTX’s Key Principles for Market Regulation” blog following Maxine Waters, the chair of the House Committee on Financial Services, sending invitations to a few Heads of high-profile crypto entities to testify on the topic of digital assets and the future of finance.

In the 10 key principles, one of the suggestions reportedly urges for an alternative approach, regulatory-wise, for a proposal of a unified regulatory regime for spot and derivatives marketplaces.

“The regulatory label on a given product or market need not change the core goals of regulation, and the same rulesets should generally apply across all markets.”

FTX further explained that the demand for a direct membership market structure, making it possible for establishments to carry out regulated trades, without the need of a third party.

The exchange also recommends a legislation calling for an increase in transparency associated with the custodians of crypto assets, arguing that the platform “users should be given visibility” into the way custodial services aim to tackle problems concerned with fraud and theft.

“A platform operator that permits the use of stable coins for settlement of transactions should be required to explain the standards the platform operator uses in deciding which stable coins it permits for such purposes.” FTX also mentioned the demand for stablecoin issuance regulation.