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2020-07-31 00:02

Jenny Leung: Social Media Companies Are ‘Too Big to Fail’


Jenny Leung is a blockchain and fintech attorney at Blakemore Fallon PLLC dba Ketsal.  This year, 2020, is the year social media institutions became systemically important.  This term, “systemically important,” typically describes a financial institution whose failure poses a significant threat to the economy and is thus “too big to fail.” Systemically important financial institutions (“SIFI”) have been subject to additional regulatory scrutiny. If certain social media institutions were to fail today, their failure would pose a significant threat to society due to their outsized influence, size, reach, society’s co-dependence on them and “their power to shape the interpretation of

The post Jenny Leung: Social Media Companies Are ‘Too Big to Fail’ appeared first on One Crypto News.



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