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SEC is neutered, what makes you think anyone in charge of advertising rules hasn’t been replaced by a 17 year old called Goebbels Gobbler or something with a DOGE laptop.
This article is about an incident in Australia. The SEC has no bearing on what Australia can do.
The AI bubble is an American phenomenon and their SEC isn’t slowing down the insanity. Their lack of a functional SEC is everyones problem.