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.”
Sounds like another pump and dump scheme to inflate prices of popular crypto, which trump and his buddies already bought cheap, sell high, and then reverse the process after profits have been made. All this guy knows is money. It’s not even the value, just getting a payday is his high.
bacon_pdp@lemmy.world 3 days ago
So to match the fraudulent government, the USA is going to have an entirely fraudulent market and soon after an entirely fraudulent currency.
Reverendender@sh.itjust.works 3 days ago
I would argue that the market has been fraudulent for some time now, but otherwise yes
tonytins@pawb.social 3 days ago
Got even worse after the Terra blockchain collapsed. Pretty much popped the first bubble in a day.
blargle@sh.itjust.works 3 days ago
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db2@lemmy.world 3 days ago
🌍🧑🚀🔫🧑🚀
rozodru@lemmy.world 2 days ago
soon? it always has been. Does no one remember the whole CDO shit? buying insurance on bullshit loans or packaged loans/debts of quite literally shit? no one knew what the fuck was in those things, literally no one. The rating agencies would rate these things and have no fucking clue what the hell they were. They handed loans out like halloween candy to Americans just to get more shit into these things.
the US Market has been fraudulent for decades.