The Security and Exchange commission makes its most significant move yet this week. On Thursday, the SEC chairman Paul Atkins launched “Project Crypto,” the adequate robe of the Cryptocurrency control.
The purpose of the project, According to AtkinsMaking the United States “Crypo’s Crypto World” by beating Crypto property wires.
Atkins hope to do on the rules and regulations of the Commission regarding On-Chain software, promoting new technology as a CRYPTO contract as an investment contract instead of safety. The program also aims to promote prescribed financial prescribed financial prescriptions and “super” programs “that include powers of payment and other activities such as Elon Musk’s opinion Changing X logged into the app “All”).
It is a great way from the previous Crypto path under Previous Chairman Gary Garyler, which formed the country’s Crypration, who had a Cypto community because of her strong control.
Atkins have confirmed that in a pointed hammer.
“New date in SEC and we condemn Gauntlet and the challenge that President Trump has put down,” he told CNBC Friday.
Trump Pressure of Crypto Leagitimization
Gary Gary Garyler’s approach to Crypto as Cyoft chairman was under “Laissez-Fae” and focused on compliance. In an effort to protect investors, Genler’s management has emphasized that the CRYPTO tokens are considered to be considered safety safety and therefore covered under the official legal framework and requires full disclosure and full registration. That made it difficult for the limited financial plans. Under the gensler, the SEC launched a wave of Crypto Like Crypto exchange such a Cyptese and the Binance, claiming to work without law.
The Crypto sector sees this that this is overcrowded and oppressing American Crypto technology abroad.
Until Trump, who runs in the Pro-Crypto campaign in the Presidency Election elections, the Crypto was “AnThe Wasty Disaster“Back in 2021.
One of the first Trump students following the opening was to establish a Federal Working Group, led by President Ai and Crypto Czar David Sacks. That group just let out a A 160-page report Wednesday means policy recommendations.
Trump and just got into a law The Genius ActThe payment of the first framework for the Stablcoins, the Cryptocurrency Management form of Cryptocurrency
The genius Act was large victory For the Crypto sector, allowing banks, credit unions, and other stablcoins.
Although the Atkins’ SEC and Trump Administration begins with the EREA of Cryptracurrency Regulation for some consumers, still a roadmap so that it seems to include a small red tape. Focus instead is too big in reviving on-Chain technology in the financial system.
And that looks like it works: The biggest companies run to check out the WebLockchain projects. Thursday, JP MORGAN declared that it will cooperate with Coinbase to allow Crypto purchase with customer credit cards, and American bank CEO Brian Moynihan said before this month when the bank plan to introduce the stablecoin.
Water in the Murky
Crypto who loves its hypertension to guide financial procedures by cutting off media and they say it is helpful for anyone around the world to access the financial accounts. They also praise the privacy and unknown that you provide.
But that evidently comes and drops down.
Critics view Cryptocircle crown. According to the FBI, Americans have lost more than $ 3.9 billion to 150,000 Crypto plans only in 2024.
Crypto also chased about its hocterness, tend to carry, and they have fought a controversy, especially since SAM Bankman-Fried Scandal.
And Cryptuts Econgress and indicate that Trump Administratic Push looks at the power of energy looking for one glittering problem: Trump Clash of your scene.
Trump family runs several Crypto projects, from Crypto Banking Platform Flathal Feuntal Featy Giving USDCOIN Empowerment as well as a Bitcoin Mining Business was invented by Eric Trump.
Not only a trump family but all burieding of all of her crystal crysters of Crypto viewed by many criticism Such as a shortage of lines between interests of your business and the official policy. Control actions taken so far may be seen as self-centered.
“Trump uses the Presidency to apply for Crypto, and to do the obvious view,” one of Trump’s chief critics on the matter, Sen. Elisabeth Warren, told Vanity Fair last week.
