Generally, you make the rules as simple as possible instead of a complex ouroboros of legislation that requires a full team of lawyers to understand. The other

Generally, you make the rules as simple as possible instead of a complex ouroboros of legislation that requires a full team of lawyers to understand. The other rule would tend towards “no need for government approval.” You shouldn’t have to ask the gov for permission to start working in the space, you should just have rules you need to follow while you do. Approval processes that inevitably take years are by far the most dangerous regulatory moat, if a startup can’t enter the space and start making money quickly that startup is many times less likely to exist.