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SEC says it will deregulate cryptocurrencies with 'Project Crypto' (qz.com)
submitted 1 year ago by 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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[–] 12 points 1 year ago (1 child)

Assuming you can find a buyer who will process that crypto, without touching either of those payment processors. All the crypto evangelists seem to forget the major crypto payment platforms are in use because you can actually rapidly exchange your crypto for that thing you can actually pay your rent with - but those function largely on the backbone of big payment platforms to trade that crypto into cash for the merchant.

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