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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[–] paraphrand@lemmy.world 22 points 1 day ago* (last edited 1 day ago) (3 children)

Crypto should want more regulation and they should want the public educated on why this makes crypto safe.

Crypto is already largely seen as a scam, one that many privately mess with, but this won’t help that perception.

Edit: Dude, I never implied it wasn’t a scam. That goes without saying. I was merely stating what I sense public perception is.

[–] Sludgehammer@lemmy.world 14 points 1 day ago (1 children)

Crypto is already largely seen as a scam,

It's more than seen as a scam.

[–] Psythik@lemmy.world -2 points 1 day ago* (last edited 1 day ago)

You had me in the first half, not gonna lie.

Fuck the haters—you don't have to pander to them. I like crypto too, and I don't give a flying fuck how many times I get downvoted for saying that.

Investing in BTC and ETH has made me thousands over these past 3 years or so (I can send screenshots as proof to any naysayers). All because I ignore the haters and keep stacking sats. So why the fuck would I listen to anyone who calls it a "sCaM"? But I digress; it's not my fault that people are stupid.

[–] IWW4@lemmy.zip 0 points 1 day ago

lol it is a scam