alt Hacker Newsyou crossed a really big gap moving from 'communicate' to 'creating policy'. I certainly do not trust Google in particular to write any policies, given that their whole business model is to attempt to sit at the boundaries between consumers and companies, or email senders or recipients, or job seekers and hirers. not a fan of Schumer, but Schumer should be soliciting input from Google, who is free to submit a public white paper, and NIST, and DJB, and citizens groups, and everyone else that might have a stake in the outcome.
If Google communicates to Schumer, then do you think Schumer would then sit down and write the policy, knowing very little about it?
In reality, many companies would get Schumer attention on crypto, and other regulators, the companies would use their expertise to craft sensible policy, politicians would work with that, run it by lots of other groups and politicians, and if it passed enough tests along the way, it might come up as a bill.
It’s not like Google, or any company, likely can just put in ludicrous things, and use wizard powers to make laws. If a company breaks trust, they will lose the ability to get ears. If politicians, or parties lose trust, they get unelected. So, in order to have sane laws regarding any complex topic requires huge specialist inputs, and those specialists became expert by working in that field.
There’s simply not a pool of such people sitting around unassociated waiting to write laws to specifications of random internet people.