SEC chairman unveils "Project Crypto"

The Securities and Exchange Commission in the United States is an organisation that manages finance-related matters and is responsible for overseeing such matters as well as finance and investing-related products. I hope that most of you are aware that the SEC is the organisation that has been targeting a lot of crypto companies for the last few years, and because of tha, the market in the US for crypto has not grown much, but now it looks like things are taking better shape.

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The Securities and Exchange Commission Chairman has launched a project called Project Crypto in the US. This project is created to empower the crypto market in the country, which is a little bit weird, but now that the government has achieved this in the US so it is quite possible that things are going to be easier and convenient for the industry. I mean, this type of project from the Securities and Exchange Commission itself is a big thing, and I hope this is going to make the crypto industry even better for the companies and also for the users in the country.

A significant focus of Project Crypto is enabling "super-apps" - platforms where securities intermediaries can offer various products and services under one roof with a single license. This would allow broker-dealers to trade non-security crypto assets alongside securities and offer services like staking and lending without requiring multiple licenses.

Lately we have seen how this exchange and security Commission has tried to come out of some of the projects where the lawsuit was filed and Ripple is 1 of them so after that announcement we also have seen a good appreciation on its value So maybe this organisation is not trying to make it better by launching this project Crypto which is undoubtedly a great initiative for the entire crypto community.

Do you think that it is going to be a great value addition in crypto, and it is just a good initiative, or do you think that it is not going to he? Whatever your thoughts are, I would love to know in the comments section. Thank you so much.

(images are from steemitwallet)

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