Insiders dominate pretty much every major government agency of consequence that deals intimately with the private sector.
Treasury, SEC, FDA, FCC, etc. They're all stocked full of cross-overs, that go from private to public and back or vice versa.
I don't think there's anything tin foil about it at all. It's de facto how the system works. I don't think it guarantees how a person will regulate, but it does probably trend toward heavy bias.
The alternative is what we have in infosec: the folks in charge of 'cyber' in the govt don't have a clue, because they have no background or connections to the 'industry' or technology at all. And it's a total disaster.
Treasury, SEC, FDA, FCC, etc. They're all stocked full of cross-overs, that go from private to public and back or vice versa.
I don't think there's anything tin foil about it at all. It's de facto how the system works. I don't think it guarantees how a person will regulate, but it does probably trend toward heavy bias.