Traditionally, technology companies and government regulators have all the warm rapport of a Serengeti lion and a gazelle. But it's time for them to sit down and talk. I'm as ambivalent about government as anybody who came of age post-Nixon. I'm not in favor of top-heavy bureaucracies that dither endlessly. Reasonable regulation is your friend.
Reasonable regulation can make for a healthy market.
Trust is a stimulus for economic growth. If we want to prevent the information economy from becoming the disinformation economy, companies starting exchanges need to talk to regulators such as the Federal Trade Commission right now and come up with common rules and guidelines. It's too big a gamble for industries otherwise. Look at the New York Stock Exchange or Nasdaq. The Securities and Exchange Commission's oversight and regulation has helped the growth of the economy.