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Comment by aqme28

1 day ago

It’s a great way to regulate if you’re corrupt. When the rules are opaque and arbitrary, there’s a lot more room for corruption.

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  • Whether or not you agree with how US laws are drafted, this administration has no logical foundation for anything it does which is a massively different and worse problem by orders of magnitude.

    This administration runs on whims. This is horrifying and there is real harm in this we have yet to see the full repercussions of.

    • This administration has been slapped back by the courts more then I would have expected though. If we had fewer laws granting pretty broad powers to the executive branch I have to assume more of the administration's actions would be stopped.

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    • The lack of a logical foundation isn't the novelty. The whole system has run on whims and backfilled reasoning for a long time. That's the problem.

      If it had always been the rule of law until now then we would have an apparatus set up to impose checks and balances and accountability on government officials, but because those things have so atrophied from continuous contempt and neglect, no one knows how to demonstrate that what Trump is doing is wrong without also conceding that half of what the government has been doing for decades is wrong. But they also don't want to stop doing those things and therefore have rather a dilemma.

      Of course, that's assuming you actually demand logical consistency. If you don't care about that you can do whatever you want -- which is kind of the trouble.

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    • You are biased, previous administration war on crypto was worse IMO. The attacks on private banking for companies dealing with crypto and 0 laws by the SEC.

      This is a fact regardless if you like/dislike crypto.

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  • In countries other than the US, most regulatory bodies are outside the government for exactly that reason - to take the power away from the political elite, whilst continuing to ensure safety and reason come first.

    The new law the US is proposing here, is the exact opposite. A kingly appointed adjudicator to decide things.