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The problem with trust is there's existing evidence American regulators have improper relations with private corporations. There's the recent case I mentioned
by username332211 3y ago
The problem with trust is there's existing evidence American regulators have improper relations with private corporations.
There's the recent case I mentioned in another thread of the CFTC and the election-betting market websites predict.it and Kashi. Kashi (A VC rich funded startup) hired former a CFTC commissioner and suddenly the regulatory approvals of predict.it (a project by a university in New Zealand) were withdrawn.
(It's a bit more complicated than that, but I'd rather not go into all the details. You can research it on your own. Perhaps you'd reach a different conclusion than me. Maybe the CFTC was behaving properly and the internet consensus is just paranoid.)
Could regulatory agencies be reformed to be beyond suspicion? Probably. How? Don't ask me, I'm not a politician, I can't pretend to know how.