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"Big picture, DR programs do carry slightly more risk than a regular equity security because of that additional layer between the companies and investors," he said.

"That very well could mean continued muddled economic policies, since he is clearly balancing growth with equity, security, and climate goals, and greater tensions with the West along a number of fronts," he said.

It would also apply to those who hold a short position of at least $500,000 in an equity security of a nonreporting issuer.

Hall said ID.me is “deeply committed to access, equity, security and privacy” and has worked “to advance a consumer-centric model of identity verification where individuals — not data brokers or credit bureaus — get to decide how their data is shared.”

They hold society back from tackling its most pressing threats to equity, security, and even survival.