SEC says it will deregulate cryptocurrencies with 'Project Crypto'
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In a Thursday speech, U.S. Securities and Exchange Commission (SEC) chairman Paul S. Atkins announced “Project Crypto,” an initiative to modernize the country’s securities rules and regulations to move financial markets on-chain.
“Under my leadership, the SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant,” he said at an America First Policy Institute event in Washington D.C. His plan includes measures to reshore crypto businesses that have left the country and to ensure that “archaic rules and regulations do not smother innovation and entrepreneurship in America.”
Deregulate? Because there's oh so many regulations already?
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Crypto should want more regulation and they should want the public educated on why this makes crypto safe.
Crypto is already largely seen as a scam, one that many privately mess with, but this won’t help that perception.
Edit: Dude, I never implied it wasn’t a scam. That goes without saying. I was merely stating what I sense public perception is.
Crypto is already largely seen as a scam,
It's more than seen as a scam.
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In a Thursday speech, U.S. Securities and Exchange Commission (SEC) chairman Paul S. Atkins announced “Project Crypto,” an initiative to modernize the country’s securities rules and regulations to move financial markets on-chain.
“Under my leadership, the SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant,” he said at an America First Policy Institute event in Washington D.C. His plan includes measures to reshore crypto businesses that have left the country and to ensure that “archaic rules and regulations do not smother innovation and entrepreneurship in America.”
I feel like there was a time when we messed around with unregulated banking before.
I don’t remember what happened though…
Huh. Oh well.
Hey, yaknow what’s a funny word? “Contagion”. Hehe. What a weird word.
What was I saying? Eh, it’ll be fine.
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In a Thursday speech, U.S. Securities and Exchange Commission (SEC) chairman Paul S. Atkins announced “Project Crypto,” an initiative to modernize the country’s securities rules and regulations to move financial markets on-chain.
“Under my leadership, the SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant,” he said at an America First Policy Institute event in Washington D.C. His plan includes measures to reshore crypto businesses that have left the country and to ensure that “archaic rules and regulations do not smother innovation and entrepreneurship in America.”
...what was the point of the crypto bill the right wing just pushed through, then?
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So to match the fraudulent government, the USA is going to have an entirely fraudulent market and soon after an entirely fraudulent currency.
I would argue that the market has been fraudulent for some time now, but otherwise yes
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Will this mean that I won’t need to report every single transaction on my tax returns?
It would be real useful to use crypto for international money transfers.
I like where your head is at
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Crypto is already largely seen as a scam,
It's more than seen as a scam.
It is known
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RIP climate targets
Well the head of the EPA called climate change “a religion” so that ship has sailed for the US.
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What could go wrong?
Oh... y'know
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Well the head of the EPA called climate change “a religion” so that ship has sailed for the US.
Funny that actual religion is being embraced by all the Republicans
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Crypto should want more regulation and they should want the public educated on why this makes crypto safe.
Crypto is already largely seen as a scam, one that many privately mess with, but this won’t help that perception.
Edit: Dude, I never implied it wasn’t a scam. That goes without saying. I was merely stating what I sense public perception is.
lol it is a scam
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So to match the fraudulent government, the USA is going to have an entirely fraudulent market and soon after an entirely fraudulent currency.
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I would argue that the market has been fraudulent for some time now, but otherwise yes
Got even worse after the Terra blockchain collapsed. Pretty much popped the first bubble in a day.
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Will this mean that I won’t need to report every single transaction on my tax returns?
It would be real useful to use crypto for international money transfers.
hopefuly not, the IRS needs some way to track income based on the fluctuating value of crypto. yall gotta pay taxes like the rest of us.
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Deregulate? Because there's oh so many regulations already?
yep just like all the AI regulations they're deregulating.
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So to match the fraudulent government, the USA is going to have an entirely fraudulent market and soon after an entirely fraudulent currency.
🧑
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I feel like there was a time when we messed around with unregulated banking before.
I don’t remember what happened though…
Huh. Oh well.
Hey, yaknow what’s a funny word? “Contagion”. Hehe. What a weird word.
What was I saying? Eh, it’ll be fine.
now we get to see what happens with AI running wall street too!
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RIP climate targets
Only if Bitcoin remains predominant. The rest of the ecosystem largely moved on to proof-of-stake validation years ago, which doesn't require significant amounts of energy expenditure.
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In a Thursday speech, U.S. Securities and Exchange Commission (SEC) chairman Paul S. Atkins announced “Project Crypto,” an initiative to modernize the country’s securities rules and regulations to move financial markets on-chain.
“Under my leadership, the SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant,” he said at an America First Policy Institute event in Washington D.C. His plan includes measures to reshore crypto businesses that have left the country and to ensure that “archaic rules and regulations do not smother innovation and entrepreneurship in America.”
Genuine question, is crypto good for anything other than gambling at the moment? I don't ever hear of anyone buying anything with crypto, only exchanging it out for USD. NFTs are basically a punchline now... what is it actually good for?
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Genuine question, is crypto good for anything other than gambling at the moment? I don't ever hear of anyone buying anything with crypto, only exchanging it out for USD. NFTs are basically a punchline now... what is it actually good for?
Maybe if you want to buy something visa, Mastercard, and Christian nut jobs don’t want you to have. Otherwise it’s a total scam.
