Yep. But medallions themselves are a deliberate market distortion. And I'm not a Milton Friedman "market distortions are always bad" person, but this distortion is definitely bad. Artificial scarcity is a stupid way to achieve whatever goal you have.
Set regulatory standards. Set them as high as you want. But then let anyone who meets them participate in the regulated activity.
Set regulatory standards. Set them as high as you want. But then let anyone who meets them participate in the regulated activity.