kaal:claim:3782216-025

Centralized securities bureaucracies are slow to update their regulations, so those regulations often hurt the very people they were designed to help.

Source quote, verbatim

However, these centralized bureaucracies are slow to update their regulations, which means these regulations often hurt the very people they were de- signed to help.

From

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021), Regulation
https://ssrn.com/abstract=3782216 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

Classification

failuresupport: arguedfailure: regulatory lagfamily: regulatory-lagsecurities-lawdynamic-regulation

Related claims

extends kaal:claim:2740477-040 The notice and comment procedures of the SEC are too slow, and the SEC's outdated micromanagement of markets i...

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