this post was submitted on 31 Jul 2025
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SEC says it will deregulate cryptocurrencies with 'Project Crypto' (qz.com)
submitted 1 day ago by tonytins@pawb.social to c/technology@lemmy.world
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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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[–] deafboy@lemmy.world 5 points 1 day ago (1 children)

I used to buy a lot of pizza and burgers with bitcoin when I did night shifts. Still use it to buy electronics at least once a month.

It's also the best way to donate to nonprofit projects. I can just send ~ $10 of value, one time. No need to risk accidentally signing up for a monthly subscription or being bombarded by spam.

If you don't keep 100% of your monthly budget in BTC, you don't really care about the volatility either, because long term it always goes up.

[–] breecher@sh.itjust.works 1 points 10 hours ago

None of your examples are examples of what it is good for, since they can all be done by other means.