The misrepresentation here is the idea that if you regulate harder, it will stop all of the good things happening. Nope, if you regulate hard and smart, you maximise the good things and minimise the bad things.
Sam Altman: We believe that the world should accept some bad things happening for the benefits of this technology. I do think the lighter touch regulatory stance we advocate for comes with an accepting of the fact that some bad things are going to happen.