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With two major events in the news, I am wonder which of these (if either) may drivers for this. Is it door #1: Elon Musk allegedly violating FTC restrictions w
by Communitivity 4y ago
With two major events in the news, I am wonder which of these (if either) may drivers for this.
Is it door #1: Elon Musk allegedly violating FTC restrictions with Twitter changes?
Or is it door #2: Binance seemingly doing a backstab of FTX and acquiring it, thereby throwing cryptoland into a panic?
Or is it door #3: something completely different, or a combination of both?
- LegitShady 4y agoi have not read a single source that claimed musk violated ftc restrictions.
- deleted 4y ago[deleted]
- threeseed 4y agoOr more likely neither. Because legislation like this takes a long time to produce since you have to meet with stakeholders, have lawyers review for loopholes etc.
- derefr 4y agoNeither; things like this are planned and scheduled on slower timescales than news cycles. This one is likely due Biden being done his "settling into office" period, and having begun (over the last 6–12 months) to push regulatory agencies under the executive into more democrat-oriented stances. If there was any recent event that caused the FTC to (be told to) "pull the trigger" on this, it was the midterm election effectively "taking the temperature of the country", and finding enough confidence remaining there to push through things like this without being likely to set off widespread discontentment in the news media.
- willcipriano 4y ago> The Policy Statement lays out the Commission’s approach to policing them. It is the result of many months of work across agency departments. If it was a particular event it would've happened many months ago.