So why not force the opening of the walled garden in law then? The EU has PSD2 now which forces all banks to have open APIs. We have multiple Plaid-like competi

So why not force the opening of the walled garden in law then? The EU has PSD2 now which forces all banks to have open APIs. We have multiple Plaid-like competitors providing the platform on top of those APIs. But it wouldn't have happened without regulation. Generally innovating through regulation is bad and I don't support it. But I think the aversion to it in the US is what creates these monopolies in the first place and in this specific use case, I think it's a faster way to solve the problem. This is an example of what becomes possible (no card details and low fees): https://techcrunch.com/2019/01/29/truelayers-payments-api-lets-companies-accept-payments-through-open-banking/ https://techcrunch.com/2019/01/29/truelayers-payments-api-le...