DeepMind's Demis Hassabis proposes a FINRA-style self-regulatory organization for AI that would voluntarily assess frontier models for catastrophic risks before release, marking a potential middle ground between industry freedom and government control as Stripe bids $53B for PayPal, Apple sues OpenAI over stolen trade secrets, and New York becomes the first state to ban hyperscale datacenters. A self-regulatory organization for AI modeled after FINRA could prevent regulatory capture and maintain innovation speed while providing safety oversight if limited to frontier models, catastrophic risks only, and paired with preemption language.