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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Genuine question, is crypto good for anything other than gambling at the moment? I don’t ever hear of anyone buying anything with crypto, only exchanging it out for USD. NFTs are basically a punchline now… what is it actually good for?
Bitcoin has become a reserve currency like gold, without the heavy weight
Currency has stable and usable value.
Bitcoin has neither of those.
It’s a good way to launder money. They used to sell coke to fund off-the-books CIA operations, now they can just give them shitcoins.
Whoohoo Viva Ponzi baby!
Edit: But also very little is being said here.
