this post was submitted on 31 Jul 2025
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SEC says it will deregulate cryptocurrencies with 'Project Crypto' (qz.com)
submitted 1 day 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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[–] Reverendender@sh.itjust.works 54 points 1 day ago (3 children)

I would argue that the market has been fraudulent for some time now, but otherwise yes

[–] tonytins@pawb.social 9 points 1 day ago (2 children)

Got even worse after the Terra blockchain collapsed. Pretty much popped the first bubble in a day.

[–] Reverendender@sh.itjust.works 30 points 1 day ago (1 children)

Oh no, I meant the regular market. So both markets basically.

[–] tonytins@pawb.social 7 points 1 day ago

Fair enough. xD