alt Hacker NewsI also work in finance and my recent experience with regulators is really discouraging. DOGE wiped out a large amount of the regulators in government. It seems like most of the regulators remaining are the inexperienced and low tenure. Within the past few months we've attempted to roll out new financial products. When we attempt to send our proposal to them, they can't even tell us who we're supposed to send it to.
It doesn't feel like we're living in the same world of regulation that existed prior to DOGE.
So the DOGE geniuses failed to remove the regulations they allegedly thought were hampering legitimate businesses, while removing the people capable of verifying whether or not your business is in compliance.
What a win!