this post was submitted on 31 Jul 2025
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SEC says it will deregulate cryptocurrencies with 'Project Crypto' (qz.com)
submitted 2 days ago by tonytins@pawb.social to c/technology@lemmy.world
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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.”

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[–] paraphrand@lemmy.world 19 points 2 days ago* (last edited 2 days ago) (4 children)

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.

[–] Sludgehammer@lemmy.world 13 points 2 days ago (1 children)

Crypto is already largely seen as a scam,

It's more than seen as a scam.

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