No this is bad
What you want is a neutral regulatory framework that markets can plan against. Not random executive action that can easily be abused.
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Yes it is bad, but if you believe some version of the most extreme forecasts of this tech then a government paying attention and doing some stupid things may be better than one that doesn't pay attention and is letting it rip.
I'm not saying I believe that or that Amodei thinks this decision is reasonable.