“Look, I love technology. Nobody loves it more than me. But the law’s the law and my job is to enforce the law. There’s nothing I can do.” Anyone who runs a startup in a regulated industry has heard some version of this excuse from government officials before. Sometimes it’s true – there really is no other way to interpret the law or regulation in question. Sometimes the person saying it is just being lazy. Sometimes it’s an excuse to protect the incumbents, who are also frequently donors to their campaigns. Sometimes, it’s a combination of all three. Whatever the case, applying new ideas and new technology to laws and regulations written for a different time and place is a challenge. But...
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