Moreover, the very large financial firms that are the most likely subjects of a Title II proceeding have extensive cross-border activities, and thus implicate the legal systems of other countries.
I was told that one is targeting the consumers; the other is targeting merchants. This is the nice thing about competition, right? Everyone will have his or her approach, and let us see who will succeed. But one possibility is that both can succeed because they ended up keeping a bit [segment] of the market.