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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[–] Lumisal@lemmy.world 1 points 20 hours ago (1 children)

The Argentine peso crashed and then stayed down. That's actually a sign of stability, because it's remaining at a constant, not jumping up and down wildly.

It didn't crash only to go back to original value to the decrease by half and undulate like a wave, like Bitcoin and other crypto does.

[–] iopq@lemmy.world 1 points 13 hours ago (1 children)

What are you talking about? It crashed, then crashed again, then crashed again. How is that stable?

[–] Lumisal@lemmy.world 1 points 12 hours ago

You mean all crashes then? The 3 that have happened in over ONE HUNDRED YEARS?

You can't be fucking serious to compare that fluctuation with Bitcoin's