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.”

  • UnderpantsWeevil@lemmy.world
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    8 hours ago

    the concept of an NFT was very cool when it was first imagined

    Going to have to agree to disagree.

    It was always vaporware. A bunch of empty promises that predicted a digital monoculture. Feel like I have to carve “Ready Player One was a Dystopia!” on a baseball bat and hit people with it.

    • Cocodapuf@lemmy.world
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      6 hours ago

      So I’m hearing that perhaps the idea I talked about in my example didn’t sound cool to you. But it was cool to a lot of people, and your opinion doesn’t speak for everyone. And it does work, like today.