If the feds can shut down Megaupload, why do we need SOPA?

Via Scoop.itdigital culture

For more than a year, the Motion Picture Association of America and the Recording Industry Association of America have argued that existing laws were insufficient to deal with the problem of “rogue sites” hosted overseas. They’ve been pushing bills like the Stop Online Piracy Act (SOPA) and the PROTECT IP Act as essential weapons in the fight. But evidently, American law enforcement didn’t get the memo that they were powerless against overseas file-sharing services. The day after the Internet’s historic protest of SOPA and PIPA last week, the United States government unsealed an indictment against the people behind Megaupload, one of the largest sites on the Internet.
Via arstechnica.com