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372

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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[–] kibiz0r@midwest.social 14 points 2 days ago (1 children)

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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[–] perishthethought@piefed.social 13 points 2 days ago

The only surprising thing is they didn't also whisper, "We're gonna get so stinking rich off this!" at the same time.

[–] Bronzebeard@lemmy.zip 6 points 2 days ago

...what was the point of the crypto bill the right wing just pushed through, then?

[–] SouthFresh@lemmy.world 6 points 2 days ago (1 children)

What could go wrong?

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