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A comment on Coinbase Sued by SEC for Breaking US Securities Rules. Parent comment

Re:Coinbase Sued by SEC for Breaking US Securities Rules by ethanbond on Tuesday June 06, 2023 @09:30AM (#36212420)
"Only because?" Strongly disagree. I think it's actually because there are human beings who work at FDA who, like all human beings, have had loved ones suffer, get sick, or die. Everyone (presumably) wants safer and more effective treatments for sources of suffering, and e.g. interpreting drug trial data is really fucking hard, even for the people who create the drugs.

Separately, yes, there are also instances of straight-up corruption. It's totally divorced from reality to suggest that collaboration is "only because" of corruption though.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by willcipriano on Tuesday June 06, 2023 @09:37AM (#36212533)
I believe people at the FDA and NIH are allowed to have financial interests in the drugs they regulate[0]. I'd bet the SEC doesn't permit that. That would probably explain the difference.

[0]https://www.ncbi.nlm.nih.gov/pmc/articles/PMC545012/

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by ethanbond on Tuesday June 06, 2023 @09:45AM (#36212659)
I don’t believe that’s true of FDA and it actually should be true of NIH. NIH isn’t a regulatory body, it’s a research institution.

NIH researchers (and their funders, US taxpayers) should be getting paid more in royalties from commercialized research.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by tolmasky on Tuesday June 06, 2023 @09:37AM (#36212535)
The "only because" relates to why they don't fight the regulators. As in "why fight them when you can have a revolving door agreement where they get cushy jobs in your company after they leave the FDA". In other words, I am not implying that there aren't other reasons for collaboration with the FDA, I am implying that there isn't a culture of "fighting regulations" because there is instead a culture of manipulating regulations. This in no way implies that there doesn't also good collaboration.
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