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> Why isn’t it the place of the government just to help businesses adhere to the laws The government does a great job outlining exactly what the law is in grea
by te_acct 5y ago
> Why isn’t it the place of the government just to help businesses adhere to the laws
The government does a great job outlining exactly what the law is in great detail. It is the job of the companies general counsel to apply the law to their use-case. If they choose to play fast and loose with their interpretation of the law then they better have a good argument when they end up in court.
> Throw people in jail for malice, but not for mistakes or incompetence
This is not an individual making a mistake, it's a multi-billion dollar public company. Mistakes and incompetence are grounds for legal action. These are well established foundational laws that have been in place for decades. They have survived numerous different interpretations, and crypto is no different than the many other "new" financial instruments which came before it.
> The person does not come out of jail more competent nor unable to make mistakes.
The bar is set pretty high for white collar criminals. If you're an officer of a company and end up in prison, you most likely made some pretty egregious mistakes.