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Opinion|The Microsoft-Activision Mess Is a Blow to American Sovereignty

https://www.nytimes.com/2023/04/27/opinion/microsoft-activision-ftc-antitrust-grail-eu.html
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Guest Essay


THE MICROSOFT-ACTIVISION MESS IS A BLOW TO AMERICAN SOVEREIGNTY

April 27, 2023

Credit...Federico Tramonte


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By Jay Clayton and Gary D. Cohn

Mr. Clayton was a chairman of the Securities and Exchange Commission and Mr.
Cohn was a director of the National Economic Council in the Trump
administration.

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Congress has given federal regulators broad authority over key areas of our
society, and the actions of those regulators often have profound effects on our
lives and on our future. We applaud the swift and decisive actions by financial
regulators to prevent the run on Silicon Valley Bank from cascading through the
regional banking system. But regulatory power is not absolute; it is granted by
Congress and has strict limits, and its exercise requires due process.

Some regulators, in their zeal to achieve a social policy agenda set by a few
extreme progressives in the Democratic Party, seem to be embracing a new
strategy that evades constitutional impediments: outsourcing U.S. regulatory
policy to Europe.







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