Comment by tzs
5 days ago
> If this $100 million in impact rule is the reason for the judgement, wouldn't that suggest that a scam that takes in more than $100 million would be protected?
No.
The $100 million rule doesn't say that things with more than $100 million in impact cannot be regulated. It just says that more analysis is required when regulating such things.
Note especially that the hundred million dollar rule is about the amount of impact _of the new rules_, not the impact of the fraud that they’re trying to deter. The extra steps that they must go through are all about finding alternative rules that would be cheaper to implement, using suggestions from the public and the regulated industry.