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The FDA, for example, it's set up to go and regulate Merck and Pfizer, not a million people doing personal genomics. The FAA is set up to go after Boeing and Airbus, not a million drone hobbyists. The SEC is set up to go and regulate Goldman and Morgan and the NASDAQ, not millions of crypto people trading at
home.
Balaji Srinivasan
Regulators Like the FDA Aren't Set Up for a Decentralized World
#259 The Reckoning to Come
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