this post was submitted on 31 Jul 2025
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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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[–] overload@sopuli.xyz 69 points 2 days ago (40 children)
[–] UnderpantsWeevil@lemmy.world 9 points 2 days ago (4 children)

You say that now, but wait for the US economy to completely shit itself.

COVID and the Great Recession were both spectacular for reducing emissions.

[–] timbuck2themoon@sh.itjust.works 2 points 1 day ago (3 children)

I mean, global economy really. Crypto has the potential and already fucked a few banks when it shit itself which could've led to awful bank runs.

If/when it destabilizes the American banking system the entire global economy will follow its lead down, at least a bit.

Like I don't think people understand how devastating letting a scam like this into proper finance can be. Finance itself already has way more latitude than it should- wait until this just splits everything wide open.

[–] I_Has_A_Hat@lemmy.world 1 points 1 day ago

For some, that is the point.

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