Before even opening the article, I speculated that this is related to financial firms eyeing Miami as an alternative location to NYC. And right there at the top

Before even opening the article, I speculated that this is related to financial firms eyeing Miami as an alternative location to NYC. And right there at the top "The new law is a big win for Citadel CEO Ken Griffin, who advocated for it." Many hedge funds and trading companies saddle their employees with very stringent non-competes. Citadel Securities moved to Miami recently. "If we want to attract those kinds of clean, high-paying jobs, you have to provide those businesses protection on the investment that they're making and their employees." Why isn't the relatively free job market in Silicon Valley something "East Coast" corporations are looking to emulate? I speculate that there's a major difference in the moat (or lack thereof) between tech firms and financial firms. I can know roughly how Youtube or Instagram work and still not be able to replicate them and take their profits for myself. But knowing which "fishing hole" the guys at Citadel visit might be enough to replicate their strategy. They must not really have a "moat" (outside of the super low latency front running stuff that's really costly to get started).