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this post was submitted on 01 Jan 0001
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Certainly could be, but probably an optimistic take. Most likely they're just trying to do what corporations have been doing for ages, which is to weaponize government policy to prevent competition. They don't want restrictions that will materially impact their product, they want restrictions that will materially impact startups to make it more difficult for them to intrude on the established space.
I think if you fed your response into ChatGPT and asked it to summarize in two words it would return,
"Regulatory Capture"