Kind of disappointed to see Dave and Craig wholeheartedly agree with Sheffwed's pablum. It read to me like a politician's stump speech: plenty of general suggestions, not a single specific policy, or the EV* of any aspect of his shotgun approach. "We want it to be better, so let's create a new bureaucracy" that bleeds $72 million a year from its subjects is neither original nor compelling. It doesn't pass a cost-benefit sniff test. Sheff's suggestion about federal incentives likely would focus on changes in tax codes (but hopefully not any kind of direct handouts), and that is to me a worthy pursuit, but it's way beyond the scope of integrity and safety.
Everyone that says this really needs to get done never really says why. It's just a matter of faith we can improve the public's perception. It might be really expensive to find out that we can't. Any delay is a good delay.
* EV- expected value. Apparently it's in the news as SBF's metric in guiding FTX to collapse.
