Yes. Public companies just have more reporting requirements, but as long as an organization deals with Securities like shares, they fall under the SEC's ambit,

Yes. Public companies just have more reporting requirements, but as long as an organization deals with Securities like shares, they fall under the SEC's ambit, public or private. I think the OpenAI's non-profit to profit transition would have warranted a looking into by any administration, I suspect there will be additional personal animus driving this specific set of players.