Like 45 minutes after published this FinCEN and the Fed published a proposed rule to lower the reporting threshold ie collect more data coindesk.com/fincen-fed-tra
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There needs to be a measure of a regulator’s worth beyond notches in the belt. Lower threshold means more data, bigger budget, which will then need to be continually justified by more notches, probably more for minor compliance failures than actual crime prevention/consumer prtcn
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Never mind the massive outsourced cost of this program to businesses, which is passed on to consumers. Where’s the consumer watchdog looking out for exploitation of externalized costs by gov? It’s another form of taxation with nothing to show for it.
Yes! Where is the system for measuring society-wide outcomes relative to cost?
Notched in the belt, kills on the fuselage: counterproductive metrics.
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*notches
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