Because it worked for a lot longer than 20 years. In 100 years, without GMO problems, we can label them safe too.
Plus evolution doesn't have an agenda that would make it creates things like the terminator gene. We are in a very peculiar situation.
I'm open to see how it plays out, as long as we don't arrogantly pretend we know for sure everything will be ok. Because we heard this one before, and it was always stated by people that wanted to sound trustworthy or smart, never the ones that wanted to make sure we are all happy.
Besides, how asking for severe and regular audits is even a bad thing ? If one is against that, I trust their judgment even less.