I don't buy the analogy to student loan forgiveness, which isn't happening, by the way. SLF is very unfair to taxpayers, and those who don't go to college. And, it's not even forgiveness, it's a subsidy, if it happens. But perhaps that's a topic for Sail's Call.
I think there's something a bit wrong for a commercial enterprise to go off half cocked and put a lot of people at risk - passengers, as well as rescue responders. The CEO fired a safety whistleblower, scoffed at industry pros who warned him, in writing! Eschewed certification by any competent body.
I wonder if registration of such a craft is necessary? I sincerely doubt it was registered or documented anywhere. Plus, if US, it fell into the "6 pack" realm, i.e., uninspected vessel.
Maybe there should be some changes in laws and regulations in the aftermath of this tragedy.