What's more, I suspect that if this exact same thing had been done by a company working for Obama's or Hillary's campaigns, nobody would have batted an eyelash.

PS - the reason that the regs wont happen during the trump years has nothing to do with the collusion investigation. He's put a mandate in place that for every reg to go into the federal register, two have to come out. His administration is in general very anti-regulation. Therefore, yes, absolutely no way he would ever regulate it ... but not for the reason you hypothesized.