Thing is, good regulation is extremely tough. A good regulator needs to deeply, deeply understand the industry, where it has been, where it is going, and what t

Thing is, good regulation is extremely tough. A good regulator needs to deeply, deeply understand the industry, where it has been, where it is going, and what the problems are; they need to deeply understand the spirit of existing laws rather than the letter of the law and be ready to thoughtfully and creatively deal with edge cases; they need to have some risk tolerance to allow for growth while still protecting people; they need to be able to balance the interests of competing groups; they need to be able to be proactive / innovate rapidly in the face of changing conditions meaning they need to understand the bleeding edge and be consulting with the groups at it; they need to see big problems like pandemics coming and push people in the right direction; they need to resist the calls for deregulation for deregulation's sake from industry as well as resist the calls for regulation for regulation's sake from politicians who want to appear like they're doing something about a problem; they need to deeply care about the users they are charged with protecting; Finally, they have to have brass balls. They have to be unafraid of standing up to politicians / the public / industry and saying you are wrong or sorry, we were wrong. It's really tough to find lots of people who can do all that for not much money / acclaim potential.