Oct 222023

My final Medium column.

Just as important as what a regulation says is who it applies to.
Take financial regulation. A great idea! American could use some. But — as the cryptocurrency world forcibly reminded us — it’s not always easy to figure out when someone is doing something “financial.”
So let’s come up with a test. Here’s one: “If a transaction involves a million dollars or more, financial regulations apply to it.” Not every million-dollar transaction is “financial” but there are few enough of these that filing the “worth a million bucks, but not financial” paperwork for them won’t be a huge deal. Besides, anyone moving a million dollars around can afford professional help in navigating the paperwork.

External feed Read More at the Source: https://pluralistic.net/2023/10/21/the-internets-original-sin/


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